MIRA INFORM REPORT
|
Report Date : |
04.04.2014 |
Note: NTT DATA GLOBAL TECHNOLOGY SERVICES PRIVATE LIMITED has been amalgamated
with NTT DATA GLOBAL DELIVERY SERVICES LIMITED
IDENTIFICATION DETAILS
|
Name : |
NTT DATA GLOBAL DELIVERY SERVICES LIMITED NTT DATA GLOBAL TECHNOLOGY SERVICES PRIVATE LIMITED AMALGAMATED WITH
NTT DATA GLOBAL DELIVERY SERVICES LIMITED |
|
|
|
|
Registered
Office : |
I-5, (LGF), Lajpat Nagar, Part – I, New Delhi – 110024 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
19.07.1989 |
|
|
|
|
Com. Reg. No.: |
55-093534 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 2.194 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74899DL1989PLC093534 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCK7777J |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject engaged in providing IT enabled services which include software development and support services primarily to group companies |
|
|
|
|
No. of Employees
: |
Information Decline by the management |
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 11000000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
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|
Litigation : |
Clear |
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|
Comments : |
Subject is an established company having satisfactory track. Management of the company which you have enquired has filed the latest
financials of F. Y. 2013 in the name of “NTT Data Global Technology Services
Private Limited” after which the said company has been amalgamated with “NTT
Data Global Delivery Services Limited” with effect from April 01, 2013, which
is further referred as subject company. Moreover, after the amalgamation the required financial effects
post-amalgamation in the financial statements of the subject will be reported
during F. Y. 2014 and not in the statements of F. Y. 2013, as a result of
which we are providing the financial statements of both the companies. The financial statements of “NTT Global Technology Services Private
Limited” reports that the company possesses a favorable financial profile
marked by decent net worth position and debt free capital structure along
with an acceptable profitability during 2013. Further, the financial statements of “NTT Data Global Delivery
Services Limited” states the healthy net worth and debt free capital
structure whereas, highlights the deterioration in its cash reserves and the
consecutive loss incurred during F. Y. 2012 and F. Y. 2013. However, trade relations seems to be fair. Business is active. Payment
terms are reported as slow but correct. In view of strong holdings and the synergistic effects, the subject
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.
INDIAN ECONOMIC OVERVIEW
India’s current account deficit for the fiscal third quarter ended
September 2013 narrowed to $4.2 billion or 0.9 % of the gross domestic product
from $31.9 billion or 6.5 % of GDP a year earlier, thanks to a pick-up in
exports and moderation in gold imports. Manufacturing activity and new orders
in India showed their strongest growth in a year in February. The news comes as
a relief after data showed Asia’s third largest economy grew by a
slower-than-expected 4.7 % annually in the three months through December. The
HSBC Manufacturing Purchasing Managers’ Index which gauges the business
activity of India’s factories but not its’ utilities, rose to 52.5 in February,
its highest in a year from 51.4 in January. Overall new orders for factory
goods which rose to a one-year high of 54.9 contributed to the surge. China has
emerged as India’s biggest trading partner in the current financial year
replacing the United Arab Emirates and pushing it to the third spot.
India-China trade has reached $49.5 billion with a 8.7 % share in India’s total
trade. The US comes second at $46 billion with 8.1 % share during the first
nine months of the current financial year.
The Reserve Bank of India has granted an additional nine months to the
public to exchange currency notes printed before 2005 including Rs 500 and Rs
1,000 denominations, pushing the deadline to January 1, 2015. A day before
dates for the Lok Sabha polls were announced, the government decided to hike
interest rates on fixed deposit schemes offered by post offices up to 0.2 per
cent. The new rates will be effective April, 1. The Supreme Court will resume
hearing on March, 11 Nokia’s appeal against a ruling over transferring
ownership of its local mobile phones plant which is the subject of a tax
dispute to Microsoft Corp.
In the last days of the current Government, another scam has surfaced.
The defence ministry has ordered a probe into Hindustan Aeronautics Limited’s
contracts from Britain’s Rolls-Royce Holdings worth at least $ 1.2 billion. The
Central Bureau of Investigation will look into allegations that over $80
million was paid in kickbacks in a deal signed in 2011. India has asked Boeing
Co. to find a solution for problems with state-owned Air India’s 787
Dreamliners. The aircraft has experienced a series of malfunctions since its
debut in 2011.
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 PARTED BY
|
Name : |
Ms. Preeti |
|
Designation : |
Financial Officer Executive |
|
Contact No.: |
91-20-66041500 |
|
Date : |
02.04.2014 |
LOCATIONS
|
Registered Office: |
I-5, (LGF), Lajpat Nagar, Part – I, New Delhi – 110024, India |
|
Tel. No.: |
91-20-66041500 / 4127000 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
|
|
|
Corporate Office: |
6th Floor, Server Space, Ag Technology Park, Off ITI Road, Aundh Pune
– 411007, Maharashtra, India |
|
|
|
|
Branch Office : |
Locate at:
|
DIRECTORS
As on: 11.09.2013
|
Name : |
Mr. Ravikumar Somashekharappa Muttugadur |
|
Designation : |
Whole time director |
|
Address : |
5/41, 1st Main, 1st Stage, K.H.B. Colony,
Basaveswara Nagar, Bangalore – 560079, Karnataka, India |
|
Date of Birth/Age : |
19.07.1967 |
|
Qualification : |
B.E. , M.E. |
|
Date of Appointment : |
05.06.2007 |
|
PAN No.: |
AIHPK6068P |
|
DIN No.: |
00300546 |
|
|
|
|
Name : |
Mr. Harsh Vinayak |
|
Designation : |
Whole time director |
|
Address : |
505-A, Hamilton Court Appartments, DLF Phase-IV, Gurgaon – 122 001,
Haryana, India |
|
Date of Birth/Age : |
30.05.1968 |
|
Qualification : |
Ph.D |
|
Date of Appointment : |
05.06.2007 |
|
PAN No.: |
ADRPV7419E |
|
DIN No.: |
01300130 |
|
|
|
|
Name : |
Mr. Niranjan Kumar |
|
Designation : |
Whole time director |
|
Address : |
No. 3A, River Heights, 315 Valluver Kottam, High Road, Nungambakkam,
Chennai – 600034, Tamil Nadu, India |
|
Date of Birth/Age : |
30.07.1965 |
|
Qualification : |
B.Com, MCA |
|
Date of Appointment : |
29.04.2010 |
|
PAN No.: |
AAFPK8994E |
|
DIN No.: |
03071897 |
|
|
|
|
Name : |
Mr. Mohan Sangli |
|
Designation : |
Whole time director |
|
Address : |
201B, Shivaranjani Apartment, 12/2, I Main, ITI Layout, BSK, 3rd
Stage, Bagnglore – 560085, Karnataka, India |
|
Date of Birth/Age : |
05.03.1964 |
|
Qualification : |
B.E. |
|
Date of Appointment : |
29.04.2010 |
|
PAN No.: |
ABOPS9904Q |
|
DIN No.: |
03081432 |
KEY EXECUTIVES
|
Name : |
Ms. Preeti |
|
Designation : |
Financial Officer Executive |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 11.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
NTT Data Mauritius Limited Two (formerly known as keane maturities
limited Two) |
|
206301 |
|
NTT Data Maturities Limited One
(formerly known as keane maturities limited One) |
|
3 |
|
NTT Data Long term Care Solutions Inc.
(Formerly known as keane care Inc.
) |
|
1 |
|
NTT Data Inc. (Formerly known Services, Inc.) |
|
1 |
|
NTT Data international Services, Inc. (formerly known as keane
international, Inc.) |
|
6483 |
|
Worldzen Holdings Limited, Cayman Islands |
|
2139 |
|
Keane Worldzen LLC |
|
1 |
|
|
|
|
|
Total |
|
214929 |
Equity Share Break up (Percentage of Total Equity)
As on: 11.09.2013
|
Category |
|
Percentage |
|
|
|
|
|
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 : |
Subject engaged in providing IT enabled services which include software development and support services primarily to group companies |
||||||
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||||||
|
Products : |
|
GENERAL INFORMATION
|
No. of Employees : |
Information Decline by the management |
|
|
|
|
Bankers : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
B S R R and Company Chartered Accountants |
|
Address : |
Maruthi Info Tech Centre, 11-12/1, Inner Ring Road, Koramangala, Bangalore - 560071, Karnataka, India |
|
PAN No.: |
AAIFB0630K |
|
|
|
|
Holding company
till 12 August 2010: |
NTT DATA Mauritius Limited One (erstwhile Keane Mauritius Limited One) |
|
|
|
|
Holding company
w.e.f 12 August 2010: |
§ NTT DATA Mauritius Limited Two (erstwhile Keane
Mauritius Limited Two) |
|
|
|
|
Holding company of
NTT DATA Mauritius Limited One and NTT DATA Mauritius Limited
Two: |
§ Keane India Holdings, LLC |
|
|
|
|
Holding company of
Keane India Holdings Inc.: |
§ NTT DATA, Inc. (erstwhile Keane Inc.) |
|
|
|
|
Holding company of
NTT DATA, Inc. and the ultimate holding company of the Company till 30
December 2010: |
§ NTT DATA International Services, Inc.(erstwhile Keane International, Inc.) |
|
|
|
|
Holding company of
NTT DATA International Services, Inc.: |
§ NTT DATA International LLC |
|
|
|
|
Holding company of
NTT DATA International LLC: |
§ NTT DATA Corporation |
|
|
|
|
Holding company of
NTT DATA Corporation and the ultimate holding company of the
Company w.e.f 30 December 2010: |
§ Nippon Telegraph and Telephone Corporation |
|
|
|
|
Subsidiary company: |
§ Caritor Tech Park India Private Limited |
|
|
|
|
Fellow subsidiaries
with whom transactions have taken place: |
|
CAPITAL STRUCTURE
As on: 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
8950000 |
Equity Shares |
Rs.10/- each |
Rs. 89.500 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
219429 |
Equity Shares |
Rs.10/- each |
Rs. 2.194 Millions
|
|
|
|
|
|
As on: 11.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
8950000 |
Equity Shares |
Rs.10/- each |
Rs. 89.500 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
214929 |
Equity Shares |
Rs.10/- each |
Rs. 2.149
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
NTT DATA
GLOBAL DELIVERY SERVICES LIMITED
ABRIDGED BALANCE
SHEET
|
SOURCES
OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
2.194 |
2.389 |
2.389 |
|
(b) Reserves & Surplus |
2,972.247 |
5,399.402 |
7,500.761 |
|
(c) Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
2,974.441 |
5,401.791 |
7,503.150 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities
(Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
151.251 |
148.520 |
133.310 |
|
(d) long-term provisions |
115.633 |
93.456 |
224.039 |
|
Total
Non-current Liabilities (3) |
266.884 |
241.976 |
357.349 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
73.045 |
49.070 |
92.287 |
|
(c) Other current liabilities |
539.346 |
345.106 |
385.351 |
|
(d) Short-term provisions |
343.162 |
562.539 |
222.606 |
|
Total
Current Liabilities (4) |
955.553 |
956.715 |
700.244 |
|
|
|
|
|
|
TOTAL |
4,196.878 |
6,600.482 |
8,560.743 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
492.300 |
393.287 |
385.988 |
|
(ii) Intangible Assets |
62.650 |
48.465 |
61.992 |
|
(iii) Capital work-in-progress |
110.896 |
42.447 |
33.729 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
10.000 |
10.000 |
721.116 |
|
(c) Deferred tax assets (net) |
348.611 |
307.541 |
283.801 |
|
(d) Long-term Loan and Advances |
1,010.189 |
2,379.364 |
3,890.808 |
|
(e) Other Non-current assets |
18.896 |
17.841 |
26.739 |
|
Total
Non-Current Assets |
2,053.542 |
3,198.945 |
5,404.173 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
0.000 |
0.000 |
0.000 |
|
(c) Trade receivables |
810.767 |
1,589.361 |
1,873.664 |
|
(d) Cash and cash equivalents |
359.336 |
1,269.990 |
392.385 |
|
(e) Short-term loans and
advances |
268.098 |
379.999 |
677.257 |
|
(f) Other current assets |
705.135 |
162.187 |
213.264 |
|
Total
Current Assets |
2,143.336 |
3,401.537 |
3,156.570 |
|
|
|
|
|
|
TOTAL |
4,196.878 |
6,600.482 |
8,560.743 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
SALES |
|
|
|
|
|
Income |
6,691.687 |
6,032.229 |
5,425.296 |
|
|
Other Income |
76.380 |
284.897 |
645.517 |
|
|
TOTAL
(A) |
6,768.067 |
6,317.126 |
6,070.813 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Employees benefits expense |
4,160.351 |
3,625.486 |
3,124.923 |
|
|
Other expenses |
3,307.323 |
2,090.862 |
1,370.184 |
|
|
Prior period items |
0.000 |
2,144.379 |
0.000 |
|
|
TOTAL
(B) |
7,467.674 |
7,860.727 |
4,495.107 |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (C) |
(699.607) |
(1,543.601) |
1,575.706 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
0.531 |
0.454 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
(700.138) |
(1,544.055) |
1,575.706 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION (F) |
207.013 |
189.660 |
206.884 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F) (G) |
(907.151) |
(1,733.715) |
1,368.822 |
|
|
|
|
|
|
|
Less |
TAX
(I) |
198.442 |
367.643 |
349.781 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-I)
(J) |
(1,105.593) |
(2,101.358) |
1,019.041 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
(4,803.50) |
(8,963.27) |
3,821.47 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
(16.34) |
(33.26) |
16.79 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
(13.56) |
(28.74) |
25.23 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(24.34) |
(27.78) |
18.20 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.31) |
(0.32) |
0.18 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.24 |
3.56 |
4.51 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
2.389 |
2.389 |
2.194 |
|
Reserves & Surplus |
7,500.761 |
5,399.402 |
2,972.247 |
|
Net
worth |
7,503.150 |
5,401.791 |
2,974.441 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
0.000 |
0.000 |
0.000 |
|
Debt/Equity
ratio |
0.000 |
0.000 |
0.000 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
5,425.296 |
6,032.229 |
6,691.687 |
|
|
|
11.187 |
10.932 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
5,425.296 |
6,032.229 |
6,691.687 |
|
Profit |
1,019.041 |
(2,101.358) |
(1,105.593) |
|
|
18.78% |
(34.84)% |
(16.52)% |
NTT DATA GLOBAL TECHNOLOGY SERVICES PRIVATE LIMITED
ABRIDGED BALANCE
SHEET
|
SOURCES
OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
14.537 |
14.537 |
14.537 |
|
(b) Reserves & Surplus |
385.729 |
241.699 |
164.902 |
|
(c) Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
400.266 |
256.236 |
179.439 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities
(Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
9.879 |
7.436 |
22.188 |
|
Total
Non-current Liabilities (3) |
9.879 |
7.436 |
22.188 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
11.358 |
23.286 |
34.935 |
|
(c) Other current liabilities |
10.951 |
13.110 |
16.666 |
|
(d) Short-term provisions |
49.411 |
22.944 |
15.017 |
|
Total
Current Liabilities (4) |
71.720 |
59.340 |
66.618 |
|
|
|
|
|
|
TOTAL |
481.865 |
323.012 |
268.245 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
21.232 |
30.678 |
30.357 |
|
(ii) Intangible Assets |
4.353 |
6.280 |
5.121 |
|
(iii) Capital work-in-progress |
0.042 |
0.000 |
0.000 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
4.043 |
24.111 |
|
(c) Deferred tax assets (net) |
3.354 |
2.248 |
1.450 |
|
(d) Long-term Loan and Advances |
19.594 |
26.388 |
42.435 |
|
(e) Other Non-current assets |
43.484 |
0.331 |
0.315 |
|
Total
Non-Current Assets |
92.059 |
69.968 |
103.789 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
0.000 |
0.000 |
0.000 |
|
(c) Trade receivables |
127.426 |
76.870 |
138.715 |
|
(d) Cash and cash equivalents |
228.737 |
140.828 |
8.320 |
|
(e) Short-term loans and
advances |
31.668 |
35.346 |
17.421 |
|
(f) Other current assets |
1.975 |
0.000 |
0.000 |
|
Total
Current Assets |
389.806 |
253.044 |
164.456 |
|
|
|
|
|
|
TOTAL |
481.865 |
323.012 |
268.245 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL
|
763.803 |
608.909 |
399.463 |
|
|
|
|
|
|
|
|
|
|
EXPENSES |
|
|
|
|
|
|
TOTAL |
544.851 |
478.157 |
352.787 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
218.952 |
130.752 |
46.676 |
|
|
|
|
|
|
|
|
|
|
DEPRECIATION/
AMORTISATION |
14.285 |
14.440 |
10.505 |
|
|
|
|
|
|
|
|
|
|
PRIOR PERIOD ITEMS |
0.000 |
3.396 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
204.667 |
112.916 |
25.561 |
|
|
|
|
|
|
|
|
|
|
TAX |
60.636 |
36.120 |
17.279 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
144.031 |
76.796 |
8.282 |
|
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN CURRENCY |
|
|
|
||
|
|
|
Software development |
628.563 |
506.028 |
312.761 |
|
|
|
Training income |
0.000 |
51.526 |
47.444 |
|
|
TOTAL EARNINGS |
628.563 |
557.554 |
360.205 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Capital Goods |
0.582 |
6.813 |
1.985 |
|
|
TOTAL IMPORTS |
0.582 |
6.813 |
1.985 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
99.08 |
52.83 |
5.70 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
18.86 |
12.61 |
2.07 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
42.78 |
35.65 |
10.53 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.51 |
0.44 |
0.14 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
5.44 |
4.26 |
2.47 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
14.537 |
14.537 |
14.537 |
|
Reserves & Surplus |
164.902 |
241.699 |
385.729 |
|
Net
worth |
179.439 |
256.236 |
400.266 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
0.000 |
0.000 |
0.000 |
|
Debt/Equity
ratio |
0.000 |
0.000 |
0.000 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
399.463 |
608.909 |
763.803 |
|
|
|
52.432 |
25.438 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
399.463 |
608.909 |
763.803 |
|
Profit |
8.282 |
76.796 |
144.031 |
|
|
2.07% |
12.61% |
18.86% |
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 |
Yes |
|
10] |
Designation of contact person |
Yes |
|
11] |
Turnover of firm for last six years |
Yes |
|
12] |
Profitability for last six 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 |
Yes |
|
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 |
No |
|
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 |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
No |
COMPANY OVERVIEW
The Company is primarily engaged in providing IT enabled services which include software development and support services primarily to group companies. In addition, the Company renders transaction processing, internet and voice based customer care services and business process outsourcing services to its fellow subsidiaries.
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
90116104 |
01/06/2001 |
8,424,000.00 |
ANDHRA BANK |
SAIFABAD BRANCH, HYDERABAD, ANDHRA PRADESH, INDIA |
- |
|
2 |
90085427 |
12/07/2000 |
500,000.00 |
PUNE PEOPLE'S CO-OPERATIVE BANK LIMITED |
606, SADASHIV PETH, PUNE, MAHARASHTRA, INDIA |
- |
|
3 |
90258629 |
17/06/2000 |
87,600,000.00 |
ANDHRA BANK |
SAIFABAD, HYDERABAD, ANDHRA PRADESH - 500004, INDIA |
- |
FIXES ASSETS
- Land
- Buildings
- Plant and equipment
- Furniture and fixtures
- Office equipment
- Computer Equipments
- Other Equipments
PRESS RELEASE
DELIVERY EXCELLENCE:
NTT DATA EARNS HIGHEST CMMI RATING
Plano, TX – February 24, 2014 - NTT DATA, Inc., a leading IT services provider, today announced that its NTT DATA Global Delivery Services Limited (GDS) unit has recently become one of only eight organizations in the world assessed in the multi-model approach as Maturity Level 5 for CMMI Dev version 1.3 (staged) and CMMI SVC version 1.3 (staged). The appraisal was performed using the SCAMPI (Standard CMMI Appraisal Methodology for Process Improvement) approach prescribed by the CMMI institute.
A level 5 CMMI maturity rating provides companies with a high degree of confidence in the process quality and performance and is also frequently a requirement from many companies and Federal agencies.
The multiple models of CMMI provide a platform for organizations to attain predictable costs, schedule, and quality processes leading to improved performance. Organizations are rated according to their maturity levels, which are defined as: Initial, Managed, Defined, Quantitatively Managed, and Optimizing. Maturity Level 5, Optimizing, is the highest level which focuses on continually improving process performance through both incremental and innovative technological improvements.
“Achieving this highest level in both the CMMI models of development and services demonstrates NTT DATA’s ability to manage projects with a level of maturity and predictability that delivers value to our clients and shows our competitive edge in the industry,” stated Amir Durrani, executive vice president, Global Delivery, NTT DATA, Inc. “Third-party assessments such as CMMI are often well-accepted industry benchmarks and this certification demonstrates NTT DATA’s ongoing commitment to providing the very best service delivery to our clients.”
NTT DATA’s certified organization delivers BPO, application development, maintenance, enhancement, and support services encompassing the Bangalore, Chennai, Hyderabad, NCR, and Pune India locations.
The key benefits of NTT DATA’s successful appraisal rest on a foundation of improved competitiveness: higher quality, improved productivity, improved prediction, and estimation leading to improved customer service. Through an Optimized Level 5 environment, NTT DATA offers fail-proof processes that ensure customer service level agreements (SLAs) are met, if not exceeded. Essentially, it paves the way for systematic continuous improvements within projects, client accounts, and the broader organization.
IT SERVICES LEADER,
NTT DATA LAUNCHES THEIR INDIA INNOVATION CENTER, THINKSPACE, IN BANGALORE, AS
PART OF ITS EXPANSION PLANS
Bangalore, India, January 22, 2014: NTT DATA, a Global IT Innovator delivering technology-enabled services and solutions to clients around the world, today opened ThinKspace – India Innovation Center at Global Village Technology Park in Bangalore. NTT DATA currently has approx. 95,000 sq. ft. of office space in Global Village and has plans to increase the head count at this center. This development is a part of the organization’s expansion plans in the country to help accelerate the growth and provide customer value creation. The new center, which was inaugurated by John McCain, President and CEO, NTT DATA, Inc. will enhance the organization’s research and innovation capabilities and nurture a culture of creativity among employees.
Ravi Kumar, Senior Vice President, NTT DATA Global Delivery Services Ltd., said, “ThinKspace, which boasts of state-of-the-art infrastructure has contemporary interior design, cutting-edge audio and video equipment, virtual/simulation rooms and ultra-modern conference facilities. This research and innovation facility will spur creativity among employees and customer-value creation, supporting and impacting the business objectives positively.”
Speaking at the inauguration, John McCain, President and CEO, NTT DATA, Inc., said, “It is my privilege to inaugurate this innovation center. Fostering and promoting innovation is in the core of NTT DATA and I am thrilled that this center will be contributing to it.”
NTT DATA is the information technology services arm of NTT, world’s largest global IT and telecommunications services company. One of Fortune 50 Company, NTT Group, delivers advanced technologies and innovative solutions in networking, communications, software, and cloud computing to help transform businesses, governments, and societies around the world and is a global leader in innovation and collaboration. The organization has invested US $3.50 billion annually, with over 6,000 professionals dedicated to a research agenda encompassing Network, Cloud, Environment and Energy Technologies, Application Services, and Cutting-Edge Technologies.
ThinKspace in Bangalore will be connected to other NTT Group companies across the globe to enable sharing of best practices for intellectual property solutions and leverage the combined strength of 2,25,000 employees across the globe. It will be connected to NTT DATA Inforium – Toyosu Innovation Center in Tokyo and NTT Innovation Institute, Inc. (NTT I³), the latest R&D center of NTT Group situated in Silicon Valley, engaged in accelerating the development and provision of highest-grade information-security and cloud-computing technologies. NTT DATA recently opened India’s largest SAP Solutions Lab in Hitech City of Hyderabad.
NTT DATA LOOKS TO
PARTNER WITH INDIAN START-UPS
apanese IT services firm NTT Data looks to deepen its relationship with the growing Indian start-up ecosystem. The company, which partners with start-ups across the world, is already working with two Indian start-ups - SmartCloud Infotech and Mob iSOFT - and is open to more such alliances.
"The market is moving very fast and so is technology. So, in some
cases, it doesn't make sense to build something by your own and we would rather
partner with someone else," said Ravi Kumar, senior vice-president global,
NTT Data.
"But we do it on a case-to-case basis. Our overall vision is to build
in-house capabilities. But if there are some specific areas where we need to
partner with someone, we are open to it."
NTT Data Americas is part of the NTT (Nippon Telecom & Telegraph) Group,
and has annual revenues of over $1.33 billion. The firm provides advisory
services, application development and management, business intelligence,
analytics, business process outsourcing, cloud services and infrastructure
services, among others.
The Tokyo- headquartered company has a headcount of 18,000 globally - of which
over 10,000 are based out of India across the company's 11 facilities.
SmartCloud Infotech, which designs and develops interactive games, has
partnered with NTT Data for several projects over the past two years. For these
projects, the SmartCloud Infotech team has worked out of NTT Data's facilities,
getting exposed to the Japanese company's methodologies. MobiSoft, which
develops android and iPhone mobile applications, has collaborated with NTT Data
from staff supplemental to end-to-end mobile outsourcing.
"We bring such collaboration to ensure that we get the best value to our
customers while being able to tap into the vast network of local and global
talent available in the technology ecosystem," said Kumar.
As entrepreneurial culture grows in India, several multinational companies are
evaluating options to closely work with start-ups in the country. Last month,
Nasdaq-listed CA Technologies had inaugurated a research and development
(R&D) centre in Bangalore with a view to benefiting from the growing
start-up culture in the city.
Earlier this year, CA Technologies had invested with venture capital firm IDG
Ventures India to get early visibility into enterprise software start-ups in
the country. The company had said Bangalore has "its own unique sense of
strengths when it comes to entrepreneurs and start-ups", and that it was
keen to benefit from the same.
"Globally, we partner with multiple companies and having presence in silicon
valley offers various options of startups that one can benefit from. The thing
is that there is absolutely no point in re-inventing something that has already
been done," said Kumar.
He said the start-up and innovation culture in India currently is "very
encouraging" and entrepreneurs are moving in the right direction.
"Compared to where we were four years ago, there is a sea-change
today."
NTT DATA TO GIVE IBM,
ACCENTURE TOUGH COMPETITION
In an indication of growing Japanese aggression in the global IT services landscape, the $120 billion NTT Group is consolidating all its technology services holdings under one brand - NTT Data.
Collectively, NTT Data, which has integrated six companies under one umbrella,
generates $14 billion in revenues. This propels the Japanese firm into
the top 10 global IT services league. The six companies, all acquired by
NTT group over a period of time, include Keane, Intelligroup, MISI, The Revere
Group, Vertex and AgileNet.
The official announcement is expected on Tuesday.
The integration under the common brand has several implications. It means more
competition for established players such as IBM and Accenture who now have to
deal with a giant that never existed before. The six companies under NTT Data
could reap the benefits of a much bigger scale. As a standalone entity, Keane
had little presence in Europe, for instance. The consolidation would now allow
NTT Data to play in all geographies.
The integration also opens up larger system integration deals for the Japanese
company while helping it tide past the current economic climate. Global
enterprises are looking to consolidate IT vendors and more work may be shifting
to larger players who can offer lower price to the customer in exchange for
greater volumes of work.
"From a customer's perspective it opens up the portfolio of services and
capabilities significantly than in the past. It will also help us compete more
aggressively on global deals. Our qualifications and resources globally are
second to none," president and CEO of NTT Data John McCain
told Business Today during an interaction in Bangalore.
NTT Data, however, does not have significant offshore capability just as yet.
It employs 57,000 globally, just 10,000 of them are in India. Over time, the
firm would need to boost its India delivery capabilities to boost its
offshoring advantage.
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 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. 60.12 |
|
|
1 |
Rs. 100.07 |
|
Euro |
1 |
Rs. 82.74 |
INFORMATION DETAILS
|
Information Gathered
by : |
PDT |
|
|
|
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
DPH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
|
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.