MIRA
INFORM REPORT
|
Report Date : |
25.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
NOUS INFOSYSTEMS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
No.1, 1st |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
19.06.1996 |
|
|
|
|
Com. Reg. No.: |
08-020663 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 35.075 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U72200KA1996PTC020663 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is providing consultancy services, software and hardware
testing services, and a comprehensive range of IT-enabled services. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 1100000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well established company having a satisfactory track
record. There appears dip in the sales turnover and incurred loss during
2012. However, general financial positions seem to be good. Trade relations
are reported to be fair. Business is active. Payments are reported to be
usually correct and as per commitment. The company can be considered for normal 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.
ECGC Country Risk Classification List – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
BBB– (Long Term Rating) |
|
Rating Explanation |
Having moderate degree of safety regarding timely servicing of
financial obligation. It carry moderate credit risk. |
|
Date |
June 2012 |
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.
LOCATIONS
|
Registered Office : |
No.1, 1st Main, 1st Block, Koramangala,
Bangalore-560034, Karnataka, India |
|
Tel. No.: |
91-80-41939400 / 25534208 / 25522086 |
|
Fax No.: |
91-80-25539149 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
AS ON 08.09.2012
|
Name : |
Mr. Ajith Kumar Janardhanan Pillai |
|
Designation : |
Managing Director |
|
Address : |
B-124, Adarsh Vishta, Basav Nagar, Bangalore-560037, Karnataka, India |
|
Date of Birth/Age : |
18.12.1968 |
|
Date of Appointment : |
19.06.1996 |
|
Voter ID No.: |
UZJ3483674 |
|
DIN No.: |
00270216 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Company/
LLP Status |
Defaulting
status |
|
1 |
U72200KA1996PTC020663 |
NOUS
INFOSYSTEMS PRIVATE LIMITED |
Managing
director |
19-07-96 |
19-07-96 |
Active |
NO |
|
2 |
U72200KA2000PTC026799 |
NOUS
ENTERPRISES SOLUTIONS PRIVATE LIMITED |
Director |
29-03-00 |
29-03-00 |
Active |
NO |
|
3 |
U72200KA2006PTC040242 |
TESTREE
SOLUTIONS PRIVATE LIMITED |
Director |
18-08-06 |
18-08-06 |
Active |
NO |
|
4 |
U72200KA2006PTC040241 |
VSERVE
247 SOLUTIONS PRIVATE LIMITED |
Director |
18-08-06 |
18-08-06 |
Active |
NO |
|
5 |
U72200KA2009PTC048833 |
AKARSH
BUSINESS CONSULTING PRIVATE LIMITED |
Director |
07-01-09 |
07-01-09 |
Active |
NO |
|
Name : |
Mr. Krishna Ajithkumar |
|
Designation : |
Director |
|
Address : |
B-124, Adarsh Vishta, Basav Nagar, Bangalore-560037, Karnataka, India |
|
Date of Birth/Age : |
11.02.1973 |
|
Date of Appointment : |
19.07.1996 |
|
Voter ID No.: |
UZJ3483682 |
|
DIN No.: |
00270300 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Company/
LLP Status |
Defaulting
status |
|
1 |
U72200KA1996PTC020663 |
NOUS
INFOSYSTEMS PRIVATE LIMITED |
Director |
19-07-96 |
19-07-96 |
Active |
NO |
|
2 |
U72200KA2000PTC026799 |
NOUS
ENTERPRISES SOLUTIONS PRIVATE LIMITED |
Director |
29-03-00 |
29-03-00 |
Active |
NO |
|
3 |
U72200KA2006PTC040241 |
VSERVE
247 SOLUTIONS PRIVATE LIMITED |
Director |
18-08-06 |
18-08-06 |
Active |
NO |
|
4 |
U72200KA2006PTC040242 |
TESTREE
SOLUTIONS PRIVATE LIMITED |
Director |
18-08-06 |
18-08-06 |
Active |
NO |
|
5 |
U72200KA2009PTC048833 |
AKARSH
BUSINESS CONSULTING PRIVATE LIMITED |
Director |
07-01-09 |
07-01-09 |
Active |
NO |
|
Name : |
Mr. Shrikanth Rao |
|
Designation : |
Director |
|
Address : |
106, Shobha Opal, 39th Cross, 18th Main, 4th
Block, Jayanagar, Bangaloe-560041, Karnataka, India |
|
Date of Birth/Age : |
12.09.1960 |
|
Date of Appointment : |
23.09.2011 |
|
DIN No.: |
00300432 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U72200KA1994PTC016092 |
KEANE
INTERNATIONAL (INDIA) PRIVATE LIMITED |
Director |
01-04-97 |
01-04-97 |
- |
Amalgamated |
NO |
|
2 |
U72200DL2001PTC112902 |
KEANE
WORLDZEN INDIA PRIVATE LIMITED |
Director |
05-06-07 |
05-06-07 |
- |
Amalgamated |
NO |
|
3 |
U74899DL1989PLC093534 |
NTT
DATA GLOBAL DELIVERY SERVICES LIMITED |
Whole-time
director |
17-11-09 |
05-06-07 |
16-04-10 |
Active |
NO |
|
4 |
U72200TN2007PTC064196 |
CARITOR
TECH PARK INDIA PRIVATE LIMITED |
Director |
06-07-07 |
06-07-07 |
16-04-10 |
Active |
NO |
|
5 |
U72900KA2008PTC048743 |
KEANE
(BANGALORE SEZ) PRIVATE LIMITED |
Director |
30-12-08 |
30-12-08 |
31-07-10 |
Strike
off |
NO |
|
6 |
U72200KA1996PTC020663 |
NOUS
INFOSYSTEMS PRIVATE LIMITED |
Director |
23-09-11 |
23-09-11 |
- |
Active |
NO |
|
7 |
AAA-2401 |
SEGURO
IT SOLUTIONS LLP |
Designated
Partner |
30-09-10 |
30-09-10 |
- |
Active |
NO |
|
Name : |
Mr. Arun Kumar Pillai |
|
Designation : |
Director |
|
Address : |
E-101, Adarsh Residency, Jayanagar, 8th Block,
Bangalore-560082, Karnataka, India |
|
Date of Birth/Age : |
25.03.1961 |
|
Date of Appointment : |
30.09.2005 |
|
DIN No.: |
00084845 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
L24230MH1990PLC057062 |
STRIDES
ARCOLAB LIMITED |
Managing
director |
24-05-04 |
28-06-90 |
- |
Active |
NO |
|
2 |
U24231KA1994PTC047003 |
ARCOLAB
(INDIA) PRIVATE LIMITED |
Director |
28-03-94 |
28-03-94 |
- |
Amalgamated |
NO |
|
3 |
U73100KA1999PTC026027 |
VEDIC
ELEMENTS PRIVATE LIMITED |
Director |
03-12-99 |
03-12-99 |
02-10-09 |
Amalgamated |
NO |
|
4 |
U24110MH2002PLC136868 |
SEQUENT
SCIENTIFIC LIMITED |
Director |
16-08-02 |
16-08-02 |
- |
Amalgamated |
NO |
|
5 |
U02429KA2004PTC033503 |
AGILA
SPECIALTIES PRIVATE LIMITED |
Director |
03-03-04 |
03-03-04 |
- |
Active |
NO |
|
6 |
U72200KA1996PTC020663 |
NOUS
INFOSYSTEMS PRIVATE LIMITED |
Director |
30-09-05 |
30-09-05 |
- |
Active |
NO |
|
7 |
U74140DL2006PTC146649 |
PATSYS
CONSULTING PRIVATE LIMITED |
Director |
21-02-06 |
21-02-06 |
- |
Active |
NO |
|
8 |
U33111MH2002PTC212925 |
AGNUS
HOLDINGS PRIVATE LIMITED |
Director |
27-04-06 |
27-04-06 |
- |
Active |
NO |
|
9 |
U24117MH2007PLC210962 |
FRAXIS
LIFE SCIENCES LIMITED |
Director |
12-01-07 |
12-01-07 |
- |
Amalgamated |
NO |
|
10 |
U24231TN1996PLC035068 |
GRANDIX
PHARMACEUTICALS LIMITED |
Director |
28-09-07 |
20-01-07 |
- |
Amalgamated |
NO |
|
11 |
U72200AP2004PTC042572 |
GOOSE
TECHNOLOGIES PRIVATE LIMITED |
Director |
29-09-07 |
04-08-07 |
07-11-11 |
Active |
NO |
|
12 |
U24232KA2007PLC043599 |
ONCO
THERAPIES LIMITED |
Director |
14-08-07 |
14-08-07 |
10-03-08 |
Active |
NO |
|
13 |
U24232KA2007PLC042483 |
SEQUENT
RESEARCH LIMITED |
Director |
22-02-08 |
22-02-08 |
28-12-12 |
Active |
NO |
|
14 |
U15549KA2006PTC039556 |
MANDALA
VALLEY VINEYARDS PRIVATE LIMITED |
Director |
18-09-08 |
18-09-08 |
- |
Active |
NO |
|
15 |
U85100KA2010PTC054613 |
SKANRAY
HEALTHCARE PRIVATE LIMITED |
Director |
29-07-10 |
29-07-10 |
- |
Active |
NO |
|
16 |
U70102MH2011PTC224475 |
SANTO
PROPERTIES PRIVATE LIMITED |
Director |
29-11-11 |
29-11-11 |
- |
Active |
NO |
|
17 |
U24211KA2013PTC069731 |
STRIDES
ACTIVES PRIVATE LIMITED |
Director |
17-06-13 |
17-06-13 |
- |
Active |
NO |
|
18 |
AAA-1668 |
ATMA
ENTERPRISES LLP |
Designated
Partner |
25-06-10 |
25-06-10 |
- |
Active |
NO |
|
19 |
AAA-1669 |
CHAYADEEP
VENTURES LLP |
Designated
Partner |
25-06-10 |
25-06-10 |
- |
Active |
NO |
|
20 |
AAA-1670 |
AGNUS
CAPITAL LLP |
Designated
Partner |
25-06-10 |
25-06-10 |
- |
Active |
NO |
|
21 |
AAA-1671 |
TRIUMPH
VENTURE HOLDINGS LLP |
Designated
Partner |
25-06-10 |
25-06-10 |
28-07-11 |
Active |
NO |
|
22 |
AAA-1774 |
QUALICHEM
REMEDIES LLP |
Designated
Partner |
09-07-10 |
09-07-10 |
- |
Active |
NO |
|
Name : |
Mr. Joe Thomas |
|
Designation : |
Director |
|
Address : |
Building No.6, 3rd Floor, I Lane, Nungambakkam,
Chennai-600034, Tamilnadu, India |
|
Date of Birth/Age : |
09.06.1957 |
|
Date of Appointment : |
15.10.2001 |
|
DIN No.: |
00468077 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U72200KA1996PTC020663 |
NOUS
INFOSYSTEMS PRIVATE LIMITED |
Director |
15-10-01 |
15-10-01 |
- |
Active |
NO |
|
2 |
L65991TN2000PLC058466 |
EVERONN
EDUCATION LIMITED |
Director |
20-02-02 |
20-02-02 |
25-09-12 |
Active |
NO |
|
3 |
U24231KA2003PTC039016 |
MEDGENE
PHARMACEUTICALS PRIVATE LIMITED |
Director |
14-06-06 |
03-05-05 |
15-04-07 |
Amalgamated |
NO |
|
4 |
U72200AP1994PTC017063 |
BIOSERVE
BIOTECHNOLOGIES (INDIA) PRIVATE LIMITED |
Managing
director |
30-06-08 |
15-09-07 |
31-08-11 |
Active |
NO |
|
5 |
U52399KA2007PTC044495 |
KALAA
ARTSPACE PRIVATE LIMITED |
Director |
27-11-07 |
27-11-07 |
- |
Active |
NO |
|
6 |
L99999MH1985PLC036685 |
SEQUENT
SCIENTIFIC LIMITED |
Director |
04-09-09 |
01-04-09 |
18-01-12 |
Active |
NO |
|
7 |
U24211KA2013PTC069731 |
STRIDES
ACTIVES PRIVATE LIMITED |
Director |
17-06-13 |
17-06-13 |
- |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 08.09.2012
|
Names of Shareholders |
No. of Shares |
|
Ajith Kumar Janardhanan Pillai |
3167340 |
|
Krishna Ajithkumar |
800 |
|
Agnus Holding Private Limited, India |
1295870 |
|
Karuna Ventures Private Limited, India |
323968 |
|
Virmac Investments, Mauritius |
880000 |
|
Nous Infosystems Esop Trust, India |
562624 |
|
Sunil Sankar |
9400 |
|
Akarsh Business Consulting Private Limited, India |
774988 |
|
TOTAL
|
7014990 |
AS ON 08.09.2012
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Venture Capital |
23.09 |
|
Foreign holdings( Foreign institutional investor(s), Foreign
companie(s) Foreign financial institution(s), Non-resident Indian(s) or
Overseas Corporate bodies or Others |
12.54 |
|
Bodies corporate |
11.05 |
|
Directors or relatives of Directors |
45.16 |
|
Other top fifty shareholders |
8.16 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is providing consultancy services, software and hardware
testing services, and a comprehensive range of IT-enabled services. |
|
|
|
|
Services : |
Software development service |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Bankers : |
·
The Federal Bank Limited, No.9, St Marks Road,
Halcyon Complex, Bangalore-560001, Karnataka, India |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Facilities : |
|
|||||||||||||||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Deloitte Haskins and Sells Chartered Accountant |
|
Address : |
Deloitte Centre, Anchorage II, 100/2, Richmond Road, Bangalore-560025,
Karnataka, India |
|
Tel. No.: |
91-80-66276000 |
|
Fax No.: |
91-80-66276011 |
|
PAN No.: |
AACFD3771D |
|
|
|
|
Subsidiaries : |
Nous Enterprises Solutions Private Limited CIN No.:- U72200KA2000PTC026799 Testree Solutions Private Limited CIN No.:- U72200KA2006PTC040242 vServe 247 Solutions Private Limited CIN No.:- U72200KA2006PTC040241 Nous Infosystems (UK) Private Limited |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000000 |
Equity Shares |
Rs.5/- each |
Rs. 50.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
7014990 |
Equity Shares |
Rs.5/- each |
Rs. 35.075
Millions |
|
|
|
|
|
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 |
|
35.075 |
40.808 |
|
(b) Reserves & Surplus |
|
262.048 |
372.988 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
297.123 |
413.796 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
2.928 |
2.685 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long term liabilities |
|
12.358 |
21.509 |
|
(d) long-term provisions |
|
5.803 |
4.550 |
|
Total Non-current Liabilities (3) |
|
21.089 |
28.744 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term
borrowings |
|
131.312 |
75.094 |
|
(b) Trade payables |
|
52.122 |
65.880 |
|
(c) Other current liabilities |
|
29.654 |
44.659 |
|
(d) Short-term provisions |
|
1.306 |
12.806 |
|
Total Current Liabilities (4) |
|
214.394 |
198.439 |
|
|
|
|
|
|
TOTAL |
|
532.606 |
640.979 |
|
|
|
|
|
|
II. ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
33.834 |
30.395 |
|
(ii) Intangible Assets |
|
19.723 |
19.670 |
|
(iii) Capital
work-in-progress |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.419 |
0.419 |
|
(c) Deferred tax assets (net) |
|
23.135 |
20.719 |
|
(d) Long-term Loan and Advances |
|
21.347 |
36.645 |
|
(e) Other Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current Assets |
|
98.458 |
107.848 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
0.000 |
0.000 |
|
(c) Trade receivables |
|
169.017 |
173.207 |
|
(d) Cash and cash
equivalents |
|
178.033 |
187.678 |
|
(e) Short-term loans and
advances |
|
83.083 |
167.632 |
|
(f) Other current
assets |
|
4.015 |
4.314 |
|
Total Current Assets |
|
434.148 |
532.831 |
|
|
|
|
|
|
TOTAL |
|
532.606 |
640.679 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
40.808 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
338.085 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
378.893 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
83.628 |
|
|
2] Unsecured Loans |
|
|
2.470 |
|
|
TOTAL BORROWING |
|
|
86.098 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
464.991 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
59.655 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.519 |
|
|
DEFERREX TAX ASSETS |
|
|
13.672 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
0.000 |
|
|
Sundry Debtors |
|
|
167.812 |
|
|
Cash & Bank Balances |
|
|
173.906 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
164.521 |
|
Total
Current Assets |
|
|
506.239 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
57.911 |
|
|
Other Current Liabilities |
|
|
24.483 |
|
|
Provisions |
|
|
32.700 |
|
Total
Current Liabilities |
|
|
115.094 |
|
|
Net Current Assets |
|
|
391.145 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
464.991 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL (A) |
754.570 |
836.690 |
820.390 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL (B) |
748.190 |
768.150 |
692.380 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
6.380 |
68.540 |
128.010 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
4.950 |
3.540 |
3.890 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
1.430 |
65.000 |
124.120 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
17.330 |
20.050 |
22.210 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
(15.900) |
44.950 |
101.910 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
(2.410) |
(2.090) |
4.080 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
(13.490) |
47.040 |
97.830 |
|
|
|
|
|
|
|
|
|
|
Buyback of Shares |
97.450 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
343.750 |
313.310 |
237.170 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
0.000 |
16.600 |
21.680 |
|
|
BALANCE CARRIED
TO THE B/S |
232.810 |
343.750 |
313.320 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Software Development Services |
705.240 |
774.355 |
778.110 |
|
|
|
Interest Income |
0.060 |
0.073 |
0.113 |
|
|
TOTAL EARNINGS |
705.300 |
774.428 |
778.223 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Capital Goods |
1.365 |
0.000 |
0.618 |
|
|
TOTAL IMPORTS |
1.365 |
0.000 |
0.618 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
(1.71) |
5.76 |
11.99 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
(1.79)
|
5.62 |
11.92 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(3.87)
|
7.26 |
18.01 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.05)
|
0.11 |
0.27 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.45
|
0.19 |
0.23 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.06
|
2.69 |
4.40 |
LOCAL AGENCY FURTHER INFORMATION
|
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) |
Yes |
|
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 |
Yes |
|
34] |
External Agency Rating,
if available |
Yes |
|
Unsecured Loan |
Rs.
In Millions 31.03.2012 |
Rs.
In Millions 31.03.2011 |
||||||
|
Long Term
Borrowings |
|
|
||||||
|
Loans and
advances from related parties |
|
|
||||||
|
Unsecured Loan From ESOP Trust |
2.928 |
2.685 |
||||||
|
|
|
|
||||||
|
TOTAL |
2.928 |
2.685 |
||||||
|
NOTES LONG TERM
BORROWINGS Details of terms of repayment for the other long term borrowings and
security provided in respect of the secured other long term borrowings (Rs.
In Millions)
|
||||||||
CORPORATE INFORMATION
Subject is an IS0
9001: 2000, IS0 27001 certified global information technologies solutions
Company, with an expertise in providing quality software solutions across a broad
spectrum of technologies. The Company was incorporated in 1996 under the
provisions of Companies Act, 1956 with the mission of providing the highest
quality IT services to clients around the world. The Company's service offering
includes consultancy services, software and hardware testing services, and a
comprehensive range of IT-enabled services. The Company has facilities spread
across UK, USA, Germany and India
BUSINESS
The Company's total
income for the year amounts to Rs. 754.57 million compared to previous year
figure of Rs. 836.69. North America continues to contribute major part of the
total revenue 63%, Europe contributes 25% of the revenue and rest of the world
contributes remaining 12%. Investment in sales and marketing continues to be
high during the year. These expenses contribute 16% of the revenue. Loss for
the year is Rs. 15.90 million as against previous year’s profit of Rs. 44.96
million.
OPERATIONS
In order to bring
in unified and strategic focus to Operations, a Senior Leader from the Industry
was brought in as the COO. A significant focus was created within the entire
leadership team at Nous to lay the foundation for critical initiatives like
Cost Management, improvement in DSO and Business Performance Dashboard for
LOBS. The year also saw the successful completion of the Surveillance Audit for
IS0 9001-2008 and IS0 27001 -2005. A new initiative towards Assessment of CMMI
v 1.3 Level 5 for Services was kicked off as part of the strategic focus. The
operations team has also laid down plans towards improvement of key parameters
around Delivery Capacity Utilization, further improvement in DSO and alignment
with Nasscom initiatives for corporate benefits like Group Insurance cover
during FY12-13.
FORM 8
|
Corporate
identity number of the company |
U72200KA1996PTC020663 |
|
Name of the
company |
NOUS INFOSYSTEMS
PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
No.1, 1st Main, 1st Block, Koramangala, Bangalore-560034, Karnataka, India |
|
This form is for |
Modification of
charge |
|
Charge
identification number of the charge to be modified |
90197811 |
|
Type of charge |
·
Book
debts ·
Movable
property (not being pledge) ·
Floating
charge |
|
Particular of
charge holder |
The Federal Bank Limited, No.9, St Marks Road, Halcyon Complex,
Bangalore-560001, Karnataka, India |
|
Nature of
instrument creating charge |
Agreement for
Export Advances Agreement for
Hypothecation of Fixed Assets (Both the above
pertains to same charge) |
|
Date of
instrument Creating the charge |
31.10.2012 |
|
Amount secured by
the charge |
Rs. 190.000
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of interest PCFC - LIBOR +3% Other limits as
per existing terms Terms of repayment As per
existing/sanction terms of the bank Margin PCFC - 25% Other limits as
per existing terms Extent and operation of the charge The charge shall
operate to the extent of loan amount plus interest, commission, expenses,
costs and other charges thereon. Other The said amount
of Rs.190.000 Millions comprises PC (Foreign Currency) Rs.190.000 Millions
(enhanced from Rs.150.000 Millions) |
|
Short particulars
of the property charged (Including location of the property) |
First Charge by
way of Hypothecation of entire current assets and fixed assets of the company
both present and future stored/installed at companies premises No.1, 1st
main, 1st block, Koramangala, Bangalore-34 or at any other place |
|
Date of
instrument modifying the charge |
11.03.2011 |
|
Particulars of
the present modification |
By the above, the
amount secured by charge stands revised from Rs.215.000 Millions to
Rs.190.000 Millions (all other terms
and conditions remain unchanged) |
FIXED ASSETS
·
Office Equipment
·
Electrical Equipment
·
Furniture and Fixtures
·
Vehicles
·
Leasehold Improvement
·
Computer Software
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. 59.73 |
|
|
1 |
Rs. 91.81 |
|
Euro |
1 |
Rs. 78.23 |
INFORMATION DETAILS
|
Report Prepared
by : |
DPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
45 |
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.