MIRA INFORM REPORT
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Report Date : |
31.07.2013 |
IDENTIFICATION DETAILS
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Name : |
OMNITECH INFOSOLUTIONS LIMITED (w.e.f. 12.04.2001) |
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Formerly known
as ; |
OMNITECH INFOSOLUTIONS PRIVATE LIMITED (w.e.f.09.01.2001) OMNITECH BUSINESS MACHINES PRIVATE LIMITED |
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Registered
Office : |
A/13, Cross Road No. 5, |
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Country : |
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Financials (as
on) : |
31.03.2012 |
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Date of
Incorporation : |
30.01.1990 |
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Com. Reg. No.: |
11-055256 |
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Capital
Investment/ Paid-up Capital: |
Rs.147.247 Millions |
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CIN No.: [Company Identification
No.] |
L30007MH1990PLC055256 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
MUMO02155G |
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PAN No.: [Permanent Account No.] |
AAACO1775F |
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Legal Form : |
A Public Limited Liability Company. The Company’s Shares are Listed on
the Stock Exchanges. |
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Line of Business
: |
Providing Information
Technology and Information Technology enabled services. |
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No. of
Employees: |
Information declined by the management |
RATING & COMMENTS
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MIRA’s Rating : |
Ba (50) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 11160000 |
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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 a good track record.
There appears dip in the profitability during 2013. However, general financial position is good. Performance capability is
high. Trade relations are reported to be fair. Business is active. Payments
are reported to be regular and as per commitment. The company can be considered for business dealings at usual trade
terms and conditions. |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
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Rating |
Long term rating: BBB - |
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Rating Explanation |
Having moderate degree of safety regarding
timely servicing of financial obligation it carry moderate credit risk. |
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Date |
January 2013 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
INFORMATION DECLINED
Management Non – Cooperative (91-22-40956666)
LOCATIONS
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Registered Office/ Corporate Head Quarter/ factory : |
A/13, Cross Road No. 5, Kondivita Road, MIDC, Marol, Andheri (East),
Mumbai – 400093, Maharashtra, India |
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Tel. No.: |
91-22-40956666 |
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Fax No.: |
91-22-40956565 |
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E-Mail : |
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Website : |
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Factory 1: |
A-812, T.T.C. Industrial Area, Koparkhairane, Navi Mumbai
400703, |
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Factory 2: |
106, 1 Floor, Building No.17, Mind Space, Pocharam, |
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Branches : |
Located at:
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Global Branches: |
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DIRECTORS
As on 31.03.2012
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Name : |
Mr. Maganlal K. Hemani |
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Designation : |
Non-Executive Chairman |
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Name : |
Mr. Atul M. Hemani |
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Designation : |
Managing Director and Chief Executive officer |
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Name : |
Mr. Avinash C. Pitale |
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Designation : |
Joint. Managing Director |
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Name : |
Mr. Devarshi D. Buch |
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Designation : |
Executive Director |
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Qualification: |
B.E. (Electrical) |
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Age |
48 Years |
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Experience : |
23 Years |
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Name : |
Dr. Kalimohan J.Bhattacharya |
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Designation : |
Non-Executive and Independent Director |
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Name : |
Dr. Ram K. Mangal |
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Designation : |
Non-Executive and Independent Director |
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Name : |
Prof. Venkateshwaran H. Iyer |
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Designation : |
Non-Executive and Independent Director |
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Name : |
Mr. Vasudeva V. Kamath |
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Designation : |
Non-Executive and Independent Director |
KEY EXECUTIVES
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CORE EXECUTIVE
COMMITTEE |
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Name : |
Mr. Atul Hemani, |
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Designation : |
MD and Chief Executive Officer – Founder |
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Name : |
Mr. Avinash Pitale, |
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Designation : |
Joint MD – Co-founder |
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Name : |
Mr. Devarshi Buch, |
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Designation : |
Executive Director – Promoter |
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Name : |
Mr. Anurag Shah, |
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Designation : |
Chief Operating Officer and Head of Global Operations |
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Name : |
Mr. Ajay Kotkar, |
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Designation : |
Chief Executive Officer, |
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Name : |
Mr. Ed Trautig, |
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Designation : |
Chief Executive Officer, |
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Name : |
Mr. Nikul Shah, |
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Designation : |
President, Global HR and Corporate Services |
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Name : |
Mr. Ravi Khurana, |
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Designation : |
VP-Finance and Accounts |
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Name : |
Mr. Aniruddha Modak, |
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Designation : |
VP-National Sales |
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LEADERSHIP TEAM |
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Name : |
Mr. Dhansing Thakur |
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Designation : |
Vice President (Commercial) |
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Name : |
Mr. Francis D'souza |
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Designation : |
Vice President and Practice Head (Managed Services) |
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Name : |
Mr. Gaurav Sharma |
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Designation : |
Company Secretary and Chief Officer (Compliance and Legal) |
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Name : |
Mr. Nitin Purohit |
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Designation : |
Vice President and Practice Head (Application Services) |
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Name : |
Mr. Prakash Seernani |
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Designation : |
Practice Lead (BFSI) |
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Name : |
Mr. Amit Abhyankar |
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Designation : |
Associate Vice President and Practice Lead (BCP) |
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Name : |
Mr. Amit Dilip Patil |
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Designation : |
Associate Vice President and Zonal Head (Sales) |
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Name : |
Mr. Ayan Mitra |
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Designation : |
Associate Vice President (Marketing) |
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Name : |
Mr. Aruna Kapadia |
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Designation : |
Practice Lead (QAT) |
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Name : |
Mr. Mihir Mohanty |
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Designation : |
Associate Vice President (Presales) |
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Name : |
Mr. Kosal Sharaff |
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Designation : |
Zonal Head (Sales) |
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Name : |
Mr. Irfan Sheikh |
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Designation : |
General Manager (Admin and Facility Management) |
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Name : |
Mr. Nilesh J. Thakkr |
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Designation : |
General Manager (Operations) |
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Name : |
Mr. Rajish Rajan |
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Designation : |
Practice Lead (EAI) |
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Name : |
Mr. Anil Singh |
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Designation : |
National Delivery Manager (CRM and Transition) |
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Name : |
Mr. Machhindranath S. Tapare |
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Designation : |
Senior Presales Consultant |
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Name : |
Mr. Rajesh Bhosle |
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Designation : |
National Delivery Manager (Operations) |
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Name : |
Mr. Dinesh Anant Rane |
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Designation : |
Senior Manager (Accounts) |
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Name : |
Mr. Farzana Adenwalla |
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Designation : |
Senior Manager (HR) |
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Name : |
Mr. Akanksha Misra |
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Designation : |
Manager (LandD) |
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Name : |
Mahalakshmi Chowdhary |
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Designation : |
Manager (HR) |
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Name : |
Mr. Mahendra Bhande |
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Designation : |
Manager (Strategy and MIS) |
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Name : |
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Designation : |
Manager (Quality Assurance) |
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Name : |
Susha Kollare |
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Designation : |
Manager (OES) |
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Name : |
Mr. Yugal Hemani |
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Designation : |
Manager (IT) |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.06.2013
|
Category of Shareholders |
No. of Shares |
Percentage of
Holding |
|
(A) Shareholding of Promoter and Promoter Group |
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|
6089705 |
40.58 |
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|
1561060 |
10.40 |
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|
7650765 |
50.98 |
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Total shareholding of Promoter and Promoter Group (A) |
7650765 |
50.98 |
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(B) Public Shareholding |
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|
1641532 |
10.94 |
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|
1641532 |
10.94 |
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|
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|
981115 |
6.54 |
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|
1362333 |
9.08 |
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|
2561493 |
17.07 |
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|
809733 |
5.40 |
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|
35873 |
0.24 |
|
|
622139 |
4.15 |
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|
150000 |
1.00 |
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|
1721 |
0.01 |
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|
5714674 |
38.08 |
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Total Public shareholding (B) |
7356206 |
49.02 |
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Total (A)+(B) |
15006971 |
100.00 |
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(C) Shares held by Custodians and against which Depository Receipts
have been issued |
0 |
0.00 |
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|
0 |
0.00 |
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|
0 |
0.00 |
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|
0 |
0.00 |
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Total (A)+(B)+(C) |
15006971 |
0.00 |
SHAREHOLDING BELONGING TO THE CATEGORY
"PROMOTER AND PROMOTER GROUP"
|
Sl.No. |
Name of the
Shareholder |
Details of
Shares held |
Encumbered
shares (*) |
Total shares
(including underlying shares assuming full conversion of warrants and convertible
securities) as a % of diluted share capital |
|||
|
No. of Shares
held |
As a % of grand
total (A)+(B)+(C) |
No |
As a percentage |
As a % of |
|
||
|
1 |
Atul Maganlal Hemani |
17,48,261 |
11.65 |
350567 |
20.05 |
2.34 |
11.60 |
|
2 |
Wintel Computers Private Limited |
10,61,060 |
7.07 |
635052 |
59.85 |
4.23 |
7.04 |
|
3 |
Avinash C Pitale |
13,08,201 |
8.72 |
0 |
0.00 |
0.00 |
8.68 |
|
4 |
Shubhangi Avinash Pitale |
13,52,338 |
9.01 |
1289143 |
95.33 |
8.59 |
8.97 |
|
5 |
Amisha Atul Hemani |
9,45,764 |
6.30 |
269500 |
28.50 |
1.80 |
6.28 |
|
6 |
Omnitech Technologies Ltd |
5,00,000 |
3.33 |
0 |
0.00 |
0.00 |
3.32 |
|
7 |
Devarshi Dushyant Buch |
3,55,000 |
2.37 |
0 |
0.00 |
0.00 |
2.36 |
|
8 |
Avinash Pitale HUF |
76,313 |
0.51 |
76000 |
99.59 |
0.51 |
0.51 |
|
9 |
Nirav Atul Hemani |
76,313 |
0.51 |
0 |
0.00 |
0.00 |
0.51 |
|
10 |
Sheetal Avinash Pitale |
76,313 |
0.51 |
76000 |
99.59 |
0.51 |
0.51 |
|
11 |
Vidhi Atul Hemani |
76,313 |
0.51 |
0 |
0.00 |
0.00 |
0.51 |
|
12 |
Nitish Avinash Pitale |
41,313 |
0.28 |
41000 |
99.24 |
0.27 |
0.27 |
|
13 |
Atul Maganlal Hamani HUF |
19,313 |
0.13 |
0 |
0.00 |
0.00 |
0.13 |
|
14 |
Vanita Maganlal Hemani |
10,263 |
0.07 |
0 |
0.00 |
0.00 |
0.07 |
|
15 |
Maganlal Kunverji Hemani |
2,000 |
0.01 |
0 |
0.00 |
0.00 |
0.01 |
|
16 |
Bharat Maganlal Hemani |
1,000 |
0.01 |
0 |
0.00 |
0.00 |
0.01 |
|
17 |
Yugal Bharat Hemani |
1,000 |
0.01 |
0 |
0.00 |
0.00 |
0.01 |
|
|
Total |
76,50,765 |
50.98 |
2737262 |
35.78 |
18.24 |
50.77 |
SHAREHOLDING BELONGING TO THE CATEGORY
"PUBLIC" AND HOLDING MORE THAN 1% OF THE TOTAL NO. OF SHARES
|
Sl. No. |
Name of the
Shareholder |
No. of Shares
held |
Shares as % of
Total No. of Shares |
Total shares (including
underlying shares assuming full conversion of warrants and convertible
securities) as a % of diluted share capital |
|
|
1 |
United India Insurance Company Ltd |
636532 |
4.24 |
4.22 |
|
|
2 |
General Insurance Corporation of India |
500000 |
3.33 |
3.32 |
|
|
3 |
Axis Bank Limited |
505000 |
3.37 |
3.35 |
|
|
4 |
Parag K Shah |
527000 |
3.51 |
3.50 |
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|
5 |
ANS Private Limited |
386546 |
2.58 |
2.57 |
|
|
6 |
Pallavi M Desai |
400803 |
2.67 |
2.66 |
|
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7 |
Manan Parag Shah |
236000 |
1.57 |
1.57 |
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8 |
Anurag Nikul Shah |
242800 |
1.62 |
1.61 |
|
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9 |
Bashar Almutawa |
220483 |
1.47 |
1.46 |
|
|
10 |
Niral N Patel |
211736 |
1.41 |
1.41 |
|
|
11 |
Moneywise Financial Services Private Limited |
180000 |
1.20 |
1.19 |
|
|
|
Total |
4046900 |
26.97 |
26.86 |
|
DETAILS OF LOCKED-IN SHARES
|
Sl. No. |
Name of the
Shareholder |
No. of Shares |
Locked-in Shares
as % of |
|
1 |
Anurag Nikul Shah |
1,02,725 |
0.68 |
|
2 |
Atul Mangalal Hamani |
1,15,000 |
0.77 |
|
3 |
Avinash C Pitale |
1,15,000 |
0.77 |
|
4 |
Devarshi Dushyant Buch |
1,15,000 |
0.77 |
|
5 |
Nitin Abhaykumar Purohit |
15,000 |
0.10 |
|
6 |
Omnitech Technologies Limited |
5,00,000 |
3.33 |
|
7 |
Venkateshwaran Hariharan Iyer |
500 |
0.00 |
|
|
Total |
9,63,225 |
6.42 |
BUSINESS DETAILS
|
Line of Business : |
Providing Information
Technology and Information Technology enabled services. |
GENERAL INFORMATION
|
No. of Employees : |
Information declined by the management |
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Bankers : |
·
ICICI
Bank ·
HDFC Bank ·
Axis Bank ·
IDBI Bank |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors: |
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Name : |
Poladia and Company Chartered Accountants |
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Address: |
C/81, Anant Chhaya, 353/3, R.B Mehta Road, Ghatkopar (East). Mumbai –
400077, Maharashtra, India |
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Statutory Auditors : |
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Name : |
Shah Jadavji and Company Chartered Accountant |
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Subsidiaries : |
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Enterprises owned
or significantly influenced by Key Management Personnel or their relatives : : |
·
Omnitech
Technologies Limited ·
Wintel
Computers Private Limited ·
Atul
Hemani HUF ·
Avinash
Pitale HUF ·
Omnitech
Employees' Welfare Trust |
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|
Step-down
subsidiaries: |
·
Omnitech
Services Limited, ·
Avensus
Nederland B.V, ·
Omnitech
Services Japan Company Limited, ·
Omnitech
( |
CAPITAL STRUCTURE
As on 28.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
20000000 |
Equity Shares |
Rs.10/- each |
Rs.200.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
15006971 |
Equity Shares |
Rs.10/- each |
Rs.150.070 Millions
|
|
|
|
|
|
As on 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
20000000 |
Equity Shares |
Rs.10/- each |
Rs.200.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
14724656 |
Equity Shares |
Rs.10/- each |
Rs.147.247
Millions |
|
|
|
|
|
Reconciliation of the number of shares outstanding at the beginning and
at the end of the reporting period
|
Particular |
As on 31.03.2012 |
|
|
Names of Shareholders |
No. of Shares
held |
Amount |
|
Equity Shares outstanding at the beginning of the year |
13860493 |
138.605 |
|
Shares Issued during the year |
864163 |
8.642 |
|
Shares bought back during the year |
0.000 |
0.000 |
|
Equity Shares outstanding at the end of the year |
14724656 |
147.247 |
Shares in the company held by each shareholder holding more than 5
percent shares
|
Particular |
As on 31.03.2012 |
|
|
Names of Shareholders |
No. of Shares
held |
% of shares held
|
|
Atul Maganlal Hemani |
1748261 |
11.87 |
|
Shubhangi Avinash Pitale |
1352338 |
9.18 |
|
Wintel Computers Private Limited |
1311060 |
8.90 |
|
Amisha Atul Hemani |
945764 |
6.42 |
|
Avinash C. Pitale |
1308201 |
8.88 |
Rights, preferences and restrictions attached to shares
The Company has only one class of shares i.e. equity shares having par
value of `10 each. Each Shareholder is eligible for one vote per share held.
The dividend proposed by the Board of Directors is subject to the approval of
Shareholders in the ensuing Annual
General Meeting of the Company, except in case of Interim Dividend.
In the event of Liquidation, the equity shareholders are eligible to
receive the remaining assets of the Company after distribution of all the preferential amounts, in proportion
to their shareholding
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
147.247 |
138.605 |
|
(b) Reserves & Surplus |
|
2642.954 |
2043.347 |
|
(c) Money
received against share warrants |
|
0.000 |
26.357 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
|
0.204 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
2790.405 |
2208.309 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
39.957 |
49.450 |
|
(b) Deferred tax liabilities (Net) |
|
264.924 |
168.606 |
|
(c) Other long term
liabilities |
|
1.927 |
2.368 |
|
(d) long-term
provisions |
|
19.942 |
14.521 |
|
Total Non-current
Liabilities (3) |
|
326.750 |
234.945 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
|
1260.170 |
611.831 |
|
(b) Trade
payables |
|
120.839 |
260.404 |
|
(c) Other
current liabilities |
|
75.175 |
44.682 |
|
(d) Short-term
provisions |
|
237.741 |
132.341 |
|
Total Current
Liabilities (4) |
|
1693.925 |
1049.258 |
|
|
|
|
|
|
TOTAL |
|
4811.080 |
3492.512 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
2367.206 |
1597.833 |
|
(ii)
Intangible Assets |
|
405.140 |
186.695 |
|
(iii)
Capital work-in-progress |
|
91.358 |
45.581 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
267.055 |
411.345 |
|
(e) Other
Non-current assets |
|
80.354 |
119.154 |
|
Total Non-Current
Assets |
|
3211.113 |
2360.608 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
511.470 |
425.991 |
|
(c) Trade
receivables |
|
1044.115 |
644.314 |
|
(d) Cash
and cash equivalents |
|
33.415 |
56.069 |
|
(e)
Short-term loans and advances |
|
1.726 |
1.584 |
|
(f) Other
current assets |
|
9.241 |
3.946 |
|
Total
Current Assets |
|
1599.967 |
1131.904 |
|
|
|
|
|
|
TOTAL |
|
4811.080 |
3492.512 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
138.585 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
1572.008 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
5] Money received against share warrants |
|
|
26.602 |
|
|
NETWORTH |
|
|
1737.195 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
439.152 |
|
|
2] Unsecured Loans |
|
|
0.000 |
|
|
TOTAL BORROWING |
|
|
439.152 |
|
|
DEFERRED TAX LIABILITIES |
|
|
90.235 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
2266.582 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
1225.021 |
|
|
Capital work-in-progress |
|
|
138.597 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
25.853 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
287.114
|
|
|
Sundry Debtors |
|
|
0.000
|
|
|
Cash & Bank Balances |
|
|
38.613
|
|
|
Other Current Assets |
|
|
513.919
|
|
|
Loans & Advances |
|
|
355.258
|
|
Total
Current Assets |
|
|
1194.904 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
70.522 |
|
|
Other Current Liabilities |
|
|
16.130
|
|
|
Provisions |
|
|
231.141
|
|
Total
Current Liabilities |
|
|
317.793 |
|
|
Net Current Assets |
|
|
877.111 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
2266.582 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
4209.379 |
3162.512 |
2164.966 |
|
|
|
Other Income |
9.790 |
7.634 |
10.530 |
|
|
|
(Loss) / Profit on |
0.000 |
0.000 |
2.049 |
|
|
|
TOTAL (A) |
4219.169 |
3170.146 |
2177.545 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchases of stock-in-trade |
2343.329 |
1823.925 |
|
|
|
|
Employee benefits expense |
358.939 |
251.534 |
|
|
|
|
Other expenses |
247.427 |
185.624 |
|
|
|
|
Changes in inventories of finished
goods, work-in-progress and stock-in-trade |
(85.479) |
(138.878) |
|
|
|
|
TOTAL (B) |
2864.216 |
2122.205 |
1471.832 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
1354.953 |
1047.941 |
705.713 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
143.119 |
59.724 |
46.245 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
1211.834 |
988.217 |
659.468 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
374.615 |
244.948 |
156.589 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
837.219 |
743.269 |
502.879 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
287.000 |
228.517 |
108.984 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
550.219 |
514.752 |
393.895 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
1482.898 |
1064.547 |
715.061 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
55.022 |
52.762 |
20.089 |
|
|
|
Dividend |
41.229 |
37.423 |
20.788 |
|
|
|
Tax on Dividend |
6.690 |
6.216 |
3.533 |
|
|
BALANCE CARRIED
TO THE B/S |
1930.176 |
1482.898 |
1064.546 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Sales (F.O.B Basis) |
80.746 |
665.894 |
467.105 |
|
|
|
Commission Received |
0.000 |
0.110 |
0.687 |
|
|
TOTAL EARNINGS |
80.746 |
666.004 |
467.792 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
36.78 |
34.45 |
27.89 |
|
QUARTERLY RESULTS
|
Particulars |
30.06.2012 (1st
Quarter) |
30.09.2012 (2nd Quarter) |
31.12.2012 (3rd Quarter) |
31.03.2013 (4th
Quarter) |
|
Audited / UnAudited |
UnAudited |
UnAudited |
UnAudited |
UnAudited |
|
Total Expenditure |
950.400 |
1038.600 |
817.500 |
767.800 |
|
PBIDT (Excl OI) |
308.300 |
148.200 |
343.800 |
332.400 |
|
Other Income |
9.400 |
11.400 |
13.000 |
2.900 |
|
Operating Profit |
317.700 |
159.700 |
356.800 |
335.300 |
|
Interest |
81.700 |
82.000 |
74.900 |
58.900 |
|
Exceptional Items |
0.000 |
0.000 |
0.000 |
0.000 |
|
PBDT |
236.000 |
77.700 |
281.900 |
276.500 |
|
Depreciation |
142.300 |
138.700 |
135.100 |
134.600 |
|
Profit Before Tax |
93.700 |
(61.000) |
146.900 |
141.900 |
|
Tax |
23.600 |
(25.600) |
72.200 |
70.100 |
|
Provisions and contingencies |
0.000 |
0.000 |
0.000 |
0.000 |
|
Profit After Tax |
70.100 |
(35.400) |
74.700 |
71.800 |
|
Extraordinary Items |
0.000 |
0.000 |
0.000 |
0.000 |
|
Prior Period Expenses |
0.000 |
0.000 |
0.000 |
0.000 |
|
Other Adjustments |
0.000 |
0.000 |
0.000 |
0.000 |
|
Net Profit |
70.100 |
(35.400) |
74.700 |
71.800 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
13.04 |
16.23 |
18.09 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
19.89 |
23.47 |
23.23 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
19.40 |
22.80 |
20.78 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.30 |
0.34 |
0.29 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.63 |
0.51 |
0.44 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
4.27 |
3.66 |
3.76 |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG-TERM DEBT DETAILS: NOT AVAILABLE
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact
person |
No |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
-- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details
(if applicable) |
No |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm
/ promoter involved in |
-- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
-- |
|
26] |
Buyer visit details |
-- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of Proprietor/Partner/Director,
if available |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
INDEX
OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10425814 |
29/04/2013 |
150,000,000.00 |
CENTRAL BANK OF INDIA |
"VASTU DARSHAN", 'B' WING, 1ST FLOOR, AZAD ROAD, ANDHERI(EAST),
MUMBAI, MAHARASHTRA - 400069, INDIA |
B75166736 |
|
2 |
10407680 |
05/01/2013 |
100,000,000.00 |
DHANLAXMI BANK LIMITED |
CONNAUGHT PLACE BRANCH, 5 AND6, GROUND FLOOR,ARUNACH |
B69433316 |
|
3 |
10384471 |
25/10/2012 |
350,000,000.00 |
ING VYSYA BANK LIMITED |
NARIAN MANZIL, GROUND FLOOR, SHOP NO. G1 TO G5,, I |
B61365367 |
|
4 |
10376211 |
28/06/2013 * |
300,000,000.00 |
GE CAPITAL SERVICES INDIA |
401, 402, 4TH FLOOR, AGGARWAL MILLENNIUM TOWER, |
B78544855 |
|
5 |
10344262 |
09/03/2012 |
50,000,000.00 |
L & T FINANCE LIMITED |
L AND T HOUSE, BALLARD ESTATE, P O BOX 278, MUMBAI |
B35816495 |
|
6 |
10307064 |
31/03/2012 * |
450,000,000.00 |
ICICI BANK LIMITED |
ICICI TOWER, NBCC PALACE, BHISM PITAMAH MARG, PR |
B37903101 |
|
7 |
10309570 |
14/09/2012 * |
681,200,000.00 |
AXIS BANK LIMITED |
AXIS HOUSE,GR. FL, C-2, WADIA INTERNATIONAL CENTRE, PANDURANG BUDHKAR
MARG , WORLI, MUMBAI, MAHARASHTRA - 400025, INDIA |
B60077336 |
|
8 |
10146835 |
31/01/2013 * |
330,000,000.00 |
IDBI BANK LIMITED |
47, OPUS CENTRE, GROUND FLOOR, CENTRAL ROAD,, MID |
B68375658 |
|
9 |
80022361 |
01/07/2009 * |
12,200,000.00 |
AXIS BANK LIMITED |
ROYAL ACCORD IV, LOKHANDWALA COMPLEX, ANDHERI (WEST), MUMBAI,
MAHARASHTRA - 400053, INDIA |
A66316704 |
OPERATIONAL OVERVIEW
In 24 years of
their active participation, they have witnessed several phases in the evolution
of Information Technology, in
Having achieved a
significant spread, scale and maturity, they are fast emerging as IT
transformational partner for mid market customers in emerging markets.
Increasingly, their customers are engaging us at strategic levels.
Increasingly, they are getting turnkey projects and long-term projects thereby
securing better visibility. Their agility and flexibility will enable us to
make their customers agile and hence help them achieve growth and efficiency at
lower operational costs for their competitive business advantage
Customer Centric
Approach: Omnitech has positioned itself as a Transformational Partner with an
outside in approach, where they act as IT partners to their clients and provide
them with services and solutions that their business demands, help them reduce
their cost of operations, and provide them with scalability and efficiency in
their operations. Their customer centric approach enabled us to acquire 137 new
customers and also retain most of their existing customers
Cloud based
offerings: Cloud as a technology is not new. What's new is cloud as a business
model, as an operational model. They have seen this trend ahead of time and
prepared ourselves. At Omnitech, they have already been providing IaaS
(Infrastructure as a Service) through their DR/BCP practice and SaaS (Software
as a Service) through their PMS practice. Their two DR centers at Navi Mumbai
and
Remote Infrastructure Management Services (RIMS):
They started
offering RIMS to their customers as early as in 2008, with a Network Operating
Center (NOC) manned by 5 people. The success of their RIMS offerings had led to
a 120 seat NOC, now operating from their DR centers at Navi Mumbai and
Industry Vertical
Focus: While BFSI continues to remain the major focus vertical for us, they
have widened their industry vertical focus to include education, retail,
healthcare and pharmaceuticals as new focus areas. Going by their initial
results and the future projection for these three verticals, they expect them
to contribute close to30%of their revenues by FY14.
Expanding Sales Network: Another major initiative undertaken during
the year was to strengthen their sales network across key metros and cities in
PERFORMANCE OVERVIEW
At Omnitech, they
continued to grow ahead of their economy and industry once again. Their
strategy of seeking sustainable growth based on the four pillars – People, Process,
Infrastructure and Tools and Technology – is working well for us. Their
approach to business continues to be driven by Innovation, Operational
Excellence and Customer Delight. Innovation, expansion, alliances and MandA
continue to be the key constituents of their business strategy.
Key points of
their financial performance in the fiscal year 2011-12 are as follows:
·
Their total operating income grew by 46% percent to
reach 5037.900 Millions in FY12 from 3463.400 Millions in FY11
·
Their EBIDTA grew by 20% percent to reach 1287.500
Millions in FY12 from 1071.200 Millions in the
previous year
·
Their Profit after Tax declined by 13% percent to
459.200 Millions from 517.700 Millions in the previous year
They have
consciously been reducing their dependence on top 10 customers. Revenue
contribution from top 10 customers came down to 44% in FY12 from 45% in the
previous year. They have also been geographically diversifying their revenue
base in order to reduce their dependence on a particular geographic market.
FUTUREOUTLOOK
At Omnitech, their
business strategy is modeled to achieve sustained growth. Accordingly, they
have been continuously strengthening their growth engines organically as well
as inorganically. The slew of alliances and acquisitions that they have made
are at various stages of maturing. The scaling up of their IT and talent
infrastructure together with their increasing product offerings and customer
base augur well for future. Courtesy its competitive strengths, managed services would be the key growth driver for
us, at Omnitech. Asia Pacific appears to be the majo rcontributor to the
revenue as well as growth of the company. Their Cloud based service offerings
are expected to further improve their margins and growth. They are slated for
significant organic growth in all their geographies. Clubbing the cross selling
opportunities of unique strengths/services of their allies and those of
acquired companies shall further augment their growth prospects. They are also
exploring inorganic growth opportunities in
REVIEW OF PERFORMANCE
a. Operating
Results
The Company
continued to achieve strong and desired growth in the financial year 2011-12
into international as well as domestic markets. In the current slowdown where
companies were looking at reducing costs, the Company offered its customers a
solution that can help them to reduce the costs substantially and this has
helped the Company to post a healthy growth rate inspite of the current
economic downturn. It has also helped the Company to renew most of the
contracts with existing customers.
During the Year,
the Company achieved Income from Operations amounting to Rs.4209.379 Millions
as compared to Rs.3162.512 Millions in the previous year thereby recording an
increase of 33.10%. The Net Profit after tax (PAT) for the year was Rs.550.219
Millions as compared to Rs.514.752 Millions in the previous year, thereby an
increase of 6.89%.
b. Finance Cost
The Finance Cost
has increased by Rs 83.395 Millions as compared to the previous year, which is
mainly due to raising of additional working capital facility for covering up
the increase in Gross Sales.
SUBSIDIARY
COMPANIES
The Company has
the following 4 subsidiaries as on 31st March, 2012.
1. Omnitech
Technologies Inc.
2. Europe Omnitech
Technology Services B.V.,
3. Omnitech
Services Pte. Limited,
4. Omnitech (
The Company has
the following 4 step down subsidiaries as on 31st March, 2012.
1. Avensus
Nederland B.V *
2. Omnitech
Services Limited **
3. Omnitech (
4. Omnitech Services Japan Compnay Limited ****
* Europe Omnitech
Technology Services B.V.,
**Omnitech
Services Pte. Limited,
***During the Year
ended 31st March, 2012, Europe Omnitech Technology Services B.V.,
****Another
subsidiary, Omnitech Services Pte. Limited,
The operations of
Avensus Netherland B.V. have impacted adversely due to slow down in Europe
Economical condition and Due to adverse impact, the financial results of
Avensus are in negative.
Further, during
the year, Omnitech Services Pte. Limited (OSPL) has expanded its operations
further in other countries of
AWARDS and
RECOGNITIONS
During the year,
the Company was recognized and awarded with the following:
Global:
1. Forbes Asia
Best under a Billion Company Awards by Forbes
2. Deloitte
Technology Fast 500
3. Global Services
100 award by Global Services.
Domestic:
4. Top 5 DR BCP
Brands in
5. Deloitte
Technology Fast 50
6. DQ Top 20
Awards by Dataquest.
7. ‘HR Leadership
Award' at the 6th Employer Branding Awards by Employer.
Branding
8. BCI Continuity
and Resilience Awards, 2011 in the category of Specialist Business Continuity /
Recovery Company by
9. The Third
Annual Inc.
10. Channel World
Premier 100 by Channel World.
11. Partner
Leadership Award for ‘Best Solution Provider – IT Infrastructure' by ITPV.
MANAGEMENT
DISCUSSION AND ANALYSIS
ECONOMICOVERVIEW
During the year 2011
the recovery lost its momentum and the global economic growth tapered off
significantly.
Primarily led by
sharp slowdown in the developed economies, the global output in 2011 grew at a
much lower rate of 3.9% against 5.3% in 2010 and against the initial
expectations of 4.4%. While the developed economies slowed
considerably to
1.6% from 3.2% in 2010, the emerging and developing economies also failed to
meet the expectations and grew at a lower rate of 6.2% against 7.5% in 2010.
Going forward, due to continued contraction in peripheral European countries
and further slowdown in most emerging countries, the global economy is expected
to slow even further in 2012 to 3.5%
On the positive
side, unlike 2008 downturn, when the most companies were caught off-guard by
the sudden slowdown in the economic activity, this time they are relatively
better prepared and more nimble footed. Several measures undertaken post
financial crisis have helped them to reshape their business model and to adapt
to the new market conditions. Also, while the 2008 crisis was triggered due to
highly leveraged balance sheet of financial institutions and companies the
current slowdown is mainly driven by the increase in leverage of the
government. The business sentiments across most markets are relatively better
as the companies have been performing well and have improved their balance
sheets. While due to economic and political uncertainties, the decision making
is slow, there has not been across the board cut in IT budgets.
The financial year
2011-12 was also one of the toughest for Indian economy, with the Indian output
growth slowing to the nine year low rate of 6.5% against 8.4% in the financial
year 2010-11. Due to the combination of rapidly slowing growth, uncertain demand
outlook, high inflation, tight monetary policy and slowdown in overall decision
making, there was a considerable slowdown in the investments during the
financial year which in-turn had an impact on the demand for IT products and
services.
INDUSTRYOVERVIEW
Global Market
Despite global
economic slowdown, IT and IT-ITES industry continued to grow albeit at a lower
rate. Globally, companies are increasingly adopting disruptive technologies
like cloud, mobility, social and big data/analytics to stay agile and reduce
their cycle time. While reducing upfront cost companies want to stay future
ready and act fast as and when opportunities arise and more customers demand
opens up.
During the year,
the IT-ITES sector grew by 5.4% to over SD 1.7 trillion. Global sourcing grew
even faster, by impressive 12% due to stronger growth from the EMEA region and
industry's shift towards smaller contract deals. Of the USD 1.7 trillion,
IT-ITES accounted for the 63% or USD 1 trillion, while the remaining USD 645
billion was IT-hardware spend,
Domestic Market
Domestic IT-ITES
consumers include government, large enterprises, micro, small and medium
enterprises and household consumers. Domestic ex-hardware IT-ITES market grew
by 17 per cent to 918 billion in FY2012. The sector is supported by several
supporting factors like increasing adoption of IT-ITES, globalization, rapid
advancement in technology infrastructure. Even in the domestic market, IT
services grew the fastest by 18 per cent to 589 billion.
Indian IT industry
During the year,
the Indian IT-ITES industry not just successfully weathered the strong global
headwinds but also crossed an important milestone. The Indian IT-ITES revenues crossed an USD 100 billion. Within
the global sourcing industry,
The IT software
and services contribution to export revenue grew by impressive 16.3% and
reached USD 69 billion, almost a quarter of the overall Indian exports. This
growth was led by IT services which grew by 19% to USD 40 billion and accounted
for 58%, while the BPO segment grew by 12% to USD 16 billion or 23% during the
financial year. The ERandD, OSPD and software products segments grew by nearly
14 per cent and contributed USD 13 billion to export revenues or the remaining
19%. Within software and services
exports, IT services accounted for 58%, BPO was nearly 23% and
Engineering R and D and software products accounted for the remaining 19% to IT
software and services export revenue
Infrastructure management
Globally, IMS
industry currently accounts for little less than a quarter of the overall IT
spends. The industry is shifting towards a remote delivery model (RIMS or IS
outsourcing) as services are increasingly delivered by vendors from low-cost
locations. Unlike the ADM market, the IS outsourcing is largely an untapped
market. Backed by number of support factors like improvement in infrastructure,
availability of low-cost and high speed bandwidth, development of modern remote
management tools, significant cost saving along with quality mprovement and prompt resolution are driving
growth of this segment. Other factors like modern governance tools that reduce
costs, and create unprecedented transparency and improvement in security
solutions are also aiding in the growth of this segment
IS outsourcing is
one of the fastest growing segment and accounts for nearly 26 per cent of
incremental IT exports growth. In FY12 IS outsourcing was USD 7 billion, more than
double the amount of USD 3 billion in 2008. During the same period its share in
IT services segment increased from 15 percent to 17 percent highlighting its
much faster growth rate. As per Nasscom estimates, the addressable market for
RIM is at USD96 billion to USD104 billion and excludes the infrastructure
management spend by segments that are not serviceable. RIMS being a non-linear
model help companies to scale up capacities at much lower cost.
Cloud Computing
Cloud computing
allows organizations to directly plug and play into environment of their choice
by opting for ready-made IT environment. Cloud computing can be public, private
or hybrid and include several layers of cloud services like business services,
information services, application services that can be offered as an individual
service component like software as a service (SaaS), application infrastructure
services—platform as a service (PaaS), system infrastructure services
—infrastructure as a service (IaaS) and Business Processas- a-Service (BPaaS).
This helps organizations to save on upfront payments, reduce their balance
sheet size and increase their return on investments. This also keeps them agile
and flexible to address economic volatility, tap emerging technologies and meet
changing consumer demand. The cloud boosts infrastructure utilizations as its
access is 'always on, always available' resources, that can be scaled up or
down based on the requirements.
In
Future Outlook
The Industry, on
back of increasing penetration of emerging technology is going through paradigm
shift and is increasingly investing in domain solutions and technology
platforms that will drive its future growth. The role of IT Services is no more
limited to adding cost efficiencies but is gradually moving to front end as a
revenue Contributor and increasing
business value
While the global
technology spending is expected to maintain its current momentum of near 5 per
cent over the next 2-3 years, the global outsourcing market is expected to grow
much faster at 8 per cent over the same period. The global IT services is
expected to grow by 4.3 per cent in 2012, and 4.7 per cent in 2013. The Indian
IT-ITES service industry is expected to grow by 12-15 per cent and its revenues
are expected to crossUSD100 billion
The penetration of
IT in
The IS
outsourcing, aided by disruptive technologies like virtualisation and cloud is
expected to grow the fastest in IT services. Over the next three years, Indian
IS market outsourcing market is expected to grow at CAGR of 19 percent and
expected to reach USD 11-11.5 billion in the financial years 2015.
UNSECURED LOANS
|
PARTICULARS |
As
on 31.03.2012 Rs.
in millions |
As
on 31.03.2011 Rs.
in millions |
|||||||||||||||||||||
|
LONG TERM
BORROWING |
|
|
|||||||||||||||||||||
|
Religare Finvest Limited |
4.604 |
0.000 |
|||||||||||||||||||||
|
SHORT TERM
BORROWING |
|
|
|||||||||||||||||||||
|
AB Bank
Limited |
60.000 |
0.000 |
|||||||||||||||||||||
|
Veena Anil
Nagada |
0.000 |
0.500 |
|||||||||||||||||||||
|
Anil
Visanji Gada HUF |
0.000 |
0.500 |
|||||||||||||||||||||
|
L & T
Finanace Limited |
50.000 |
0.000 |
|||||||||||||||||||||
|
Religare Finvest Limited |
4.692 |
16.380 |
|||||||||||||||||||||
|
Deposits |
|
|
|||||||||||||||||||||
|
Everest Flavor Limited (secured against pledge of shares) |
10.000 |
0.000 |
|||||||||||||||||||||
|
Indigo Flavours Limited (secured against pledge of shares) |
10.000 |
0.000 |
|||||||||||||||||||||
|
J.L.Morison( |
10.000 |
0.000 |
|||||||||||||||||||||
|
P.H.Financial & Investment Consultanat Private Limited (secured
against pledge of shares) |
10.000 |
0.000 |
|||||||||||||||||||||
|
R.R.Chokhani Stock Brokers Private Limited (secured against pledge of
shares) |
5.000 |
0.000 |
|||||||||||||||||||||
|
Streamline Shipping Company. Private Limited (secured against pledge
of shares |
5.000 |
0.000 |
|||||||||||||||||||||
|
|
169.296 |
17.380 |
|||||||||||||||||||||
|
SHORT TERM
BORROWING Note: The following figures shown in above schedule represents the
trade creditors to whom the LC from various bank has been provided
|
|||||||||||||||||||||||
CONTINGENT
LIABILITY NOT PROVIDED FOR IN RESPECT OF:
(Rs. In Millions)
|
Particular |
31.03.2012 |
31.03.2011 |
|
|
|
|
|
Claims against the company not
acknowledged as debt |
0.000 |
0.000 |
|
Corporate
Guarantees, Bank Guarantees and other money for which the company is contingently liable |
261.678 |
86.598 |
UNAUDITED FINANCIAL RESULTS FOR QUARTER ENDED ON 30TH JUNE,
2013
|
Sr. No. |
Particular |
Quarter Ended (Unaudited) |
Nine Months Ended (Unaudited) |
||||
|
|
|
30.06.2013 |
31.03.2013 |
30.06.2012 |
3103.2013 |
|
|
|
1 |
Income from
Operations |
|
|
|
|
|
|
|
|
a) Net Sales / Income from Operations (Net of Excise Duty) |
1258.180 |
1184.998 |
1044.898 |
4490.704 |
|
|
|
|
b) Other Operating Income |
0.480 |
1.859 |
0.605 |
3.186 |
|
|
|
|
Total Income from
Operations (Net) |
1258.662 |
1186.857 |
1045.503 |
4493.890 |
|
|
|
2 |
Expenses |
|
|
|
|
|
|
|
a) Cost of materials consumed |
0.000 |
0.000 |
0.000 |
0.000 |
|
||
|
|
b) Purchase of Stock in trade |
771.072 |
842.142 |
638.766 |
2720.075 |
|
|
|
|
c) Changes in Inventories of Finished Goods, Work-in-progress and Stock-in-Trade |
29.287 |
0.124 |
(36.583) |
(39.958) |
|
|
|
|
d) Employee Benefits Expense |
71.907 |
80.323 |
80.855 |
345.542 |
|
|
|
|
e) Depreciation and Amortisation Expense |
142.309 |
138.668 |
124.624 |
532.922 |
|
|
|
|
f) Other Expenses |
78.156 |
116.051 |
64.858 |
346.210 |
|
|
|
|
Total Expenses |
1092.731 |
1177.308 |
872.520 |
3904.791 |
|
|
|
3 |
Profit / (Loss) from
Operations before Other Income, Finance Cost and Exceptional Items (1-2) |
165.931 |
9.549 |
172.983 |
589.099 |
|
|
|
4 |
Other Income |
9.406 |
11.437 |
5.389 |
32.773 |
|
|
|
5 |
Profit / (Loss)
before Finance Cost and Exceptional Items (3+4) |
175.337 |
20.986 |
178.372 |
621.872 |
|
|
|
6 |
Finance Costs |
81.675 |
81.958 |
50.093 |
265.804 |
|
|
|
7 |
Profit / (Loss)
after Finance cost but before Exceptional Items (5-6) |
93.660 |
(60.972) |
128.279 |
356.068 |
|
|
|
8 |
Exceptional Items |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
9 |
Profit / (Loss)
before Tax (7+8) |
93.662 |
(60.972) |
128.279 |
356.068 |
|
|
|
10 |
Tax Expense |
23.607 |
(25.579) |
52.389 |
169.102 |
|
|
|
11 |
Net Profit / (Loss)
after Tax (9-10) |
70.055 |
(35.393) |
75.890 |
186.9666 |
|
|
|
12 |
Extraordinary Items (net of tax expense) |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
13 |
Net Profit / (Loss)
for the Period (11-12) |
70.055 |
(35.393) |
75.890 |
186.966 |
|
|
|
14 |
Paid Up Equity Share Capital (Face Value of the share – Rs. 10/- each) |
150.070 |
150.022 |
147.247 |
150.022 |
|
|
|
15 |
Reserves excluding Revaluation Reserve as per balance sheet of previous accounting year |
2836.900 |
0.000 |
2718.844 |
2836.899 |
|
|
|
16 |
Earnings Per Share (EPS) (in Rs.) |
|
|
|
|
|
|
|
|
a) Basic |
4.67 |
(2.36) |
5.15 |
12.61 |
|
|
|
|
b) Diluted |
4.67 |
(2.36) |
5.07 |
12.45 |
|
|
|
Particulars |
|
||||
|
|
Three
Months ended |
Year ended |
|||
|
|
30.06.2013 |
31.03.2013 |
30.06.2012 |
3103.2013 |
|
|
A PARTICULARS OF SHAREHOLDING |
|
|
|
|
|
|
I. Public Shareholding |
|
|
|
|
|
|
Number of Shares |
7356206 |
6791891 |
6791891 |
6791891 |
|
|
Percentage of shareholding |
49.02 |
46 13 |
45.13 |
46.13 |
|
|
2. Promoters
and Promoter Croup Shareholding |
|
|
|
|
|
|
a.Pledged/ Encumbered |
|
|
|
|
|
|
Number of Snares |
2737262 |
2997600 |
3051123 |
2997600 |
|
|
Percentage of shares (as a % of the total shareholding of
promoter and promoter group) |
35.78 |
37.79 |
38.46 |
37.79 |
|
|
Percentage of shares {as a % of the total share capital of the
company) |
18.24 |
20.36 |
20.72 |
2D.36 |
|
|
b. Non-Encumbered |
|
|
|
|
|
|
Number of Shares |
4913503 |
4935165 |
4881642 |
4935165 |
|
|
Percentage of shares (as a % of the total
shareholding of promoter and promoter group) |
64.22 |
62.21 |
61 45 |
62.21 |
|
|
Percentage of shares (as a % of the | total share capital of
the company) |
32.74% |
33.52% |
33.15% |
33.52% |
|
|
|
|
||||
|
Particulars |
3 months ended (3006.2013) |
||||
|
B. INVESTOR COMPLAINTS |
|
||||
|
Pending at the beginning of the quarter |
0 |
||||
|
Received during the quarter |
1 |
||||
|
Disposed of during the quarter |
1 |
||||
|
Remaining unresolved at the end of the quarter |
0 |
||||
Notes:
- The above resufts have been reviewed by the Audit Committee and
taken on record by the Board of Directors at their meeting held on July
26, 2013.
- The Company operates in a single reportable segment viz. Information
Technology Services.
- The Company continues to strengthen its leadership position in the
areas of Business Availability and Business Continuity services by
providing Remote Infrastructure Management Services (RIMS), Performance
Management Services & Business Continuity / Disaster Recovery
Solutions.
FIXED ASSETS
Tangible Assets
- Land
- Buildings
- Furniture and
Fixtures
- Vehicles
- Office equipment
- Computer Systems
Intangible Assets
- Software and
software
- products
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a 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 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.59.83 |
|
|
1 |
Rs.91.76 |
|
Euro |
1 |
Rs.79.33 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--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 |
YES |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
50 |
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors and their relative weights (as
indicated through %) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend (10%) Operational size
(10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with full
security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
- |
NB |
New Business |
- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.