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Report Date : |
08.01.2014 |
IDENTIFICATION DETAILS
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Name : |
ENZEN GLOBAL SOLUATIONS PRIVATE LIMITED |
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Registered
Office : |
No. 90, |
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Country : |
India |
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Financials (as
on) : |
31.03.2013 |
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Date of
Incorporation : |
31.03.2006 |
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Com. Reg. No.: |
08-038884 |
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Capital Investment
/ Paid-up Capital : |
Rs.10.109 Millions |
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CIN No.: [Company Identification
No.] |
U72200KA2006PTC038884 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
BLRE04370C |
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PAN No.: [Permanent Account No.] |
AABCE5868J |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
The Company is primarily engaged in DMS through a Franchisee Model for
Energy Transmission and Distribution Companies. |
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No. of Employees
: |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
Ba (45) |
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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 2309000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track record. Trade relation reported to be fair. Business is active. Payment terms
are reported to be usually correct. 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.
ECGC Country Risk Classification List – September 30, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
India |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
India’s current
account deficit narrowed in the quarter ended September as government measures
to curb imports, especially gold, kicked in. The current account deficit,
the excess of a country’s imports of goods and services over exports, narrowed
to $ 5.2 billion from $ 21 billion in the year ago period, according to
provisional Reserve Bank of India data. Finance Minister P. Chidambaram said
the CAD for the year will be less than $ 60 billion or 3 per cent of GDP and
the latest data suggests the government may achieve the target.
India was ranked 94th
among the world’s most corrupt nations list. Denmark and New Zealand topped as
the cleanest while Somalia emerged as the most corrupt.
India’s services
sector activity witnessed a moderate improvement in November over the previous
month, even while indicating the fifth successive monthly contraction,
according the HSBC survey.
$53 million
estimated losses suffered by India due to phishing attacks during the third
quarter, according to a study by RSA. India ranks fourth in the list of nations
hit by phishing attacks. The US remained at the top of the charts. Phishing is
the process of acquiring information such as user names, passwords and credit
card details by sending e-mails disguised as official mails.
Rs.4080 million
worth of mobile-phone-based transactions by July 2013 compared to Rs.260
million in September, 2012, according to Deloitte report. The number of
transactions has shot up from 94000 to 701000.
India aims to earn Rs.400000
million from the bandwidth auction set for January. The merger and acquisition
guidelines, cleared by a group of ministers, will be out before the auction
begins so that players can make informed decisions on the auctions.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
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Rating |
Long term bank facilities BBB |
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Rating Explanation |
Moderate credit quality and average credit
risk. |
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Date |
July 02, 2013 |
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Rating Agency Name |
CARE |
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Rating |
Short term bank facilities A3 |
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Rating Explanation |
Moderate degree of safety and higher credit
risk. |
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Date |
July 02, 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 DENIED BY
|
Name : |
Mr. Ramesh |
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Designation : |
Finance Manager |
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Contact No.: |
91-80-67123002 |
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Date : |
07.01.2013 |
LOCATIONS
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Registered Office : |
No. 90, |
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Tel. No.: |
91-80-67123002 |
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Fax No.: |
91-80-67123003 |
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E-Mail : |
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Website : |
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Branches : |
Located At: ·
Bangalore ·
Bhubaneswar ·
Chennai ·
Hyderabad ·
Noida ·
Arizona, USA ·
Solihull, UK ·
Cardiff, UK ·
London · Warrington, UK |
DIRECTORS
As on 31.10.2013
|
Name : |
Mr. Satheesh Kumar KR |
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Designation : |
Managing Director |
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Address : |
391, Ashirwad, 5th Main, 1st Cross, Sadananda
Nagar, NGEF Layout, Indiranagar, Bangalore-560038, |
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Date of Birth/Age : |
11.07.1962 |
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Date of Appointment : |
24.04.2006 |
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DIN No. : |
000220296 |
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Name : |
Mr. Vinod Nair |
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Designation : |
Whole Time Director, Technology Business |
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Address : |
‘J’, 204, Mantri Paradise, Bileka Halli, Bannerghatta Road, Bangalore-560076,
Karnataka, India |
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Date of Birth/Age : |
25.06.1974 |
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Date of Appointment : |
24.04.2006 |
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DIN No. : |
01667985 |
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Name : |
Mr. Girish Nilkanth Kulkarni |
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Designation : |
Nominee Director |
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Address : |
No. 701, Sanket Apartment, 104 M.B Raut Marg, Shivaji Park, Dadar
(West), Mumbai-400028, Maharashtra, India |
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Date of Birth/Age : |
07.07.1966 |
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Date of Appointment : |
08.01.2008 |
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DIN No. : |
00062382 |
KEY EXECUTIVES
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Name : |
M N Kini Lalitha |
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Designation : |
Secretary |
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Address : |
No. 48, 4th East Main, ITI Layout, BSK III Stage, Bangalore
– 560085, Karnataka, India |
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Date of Birth/Age : |
04.112.1977 |
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Date of Appointment : |
12.07.2013 |
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PAN No.: |
AKOPK213P |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.10.2013
|
Names of Shareholders |
No. of Shares |
|
Satheesh Kumar KR |
444290 |
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Vinod B Nair |
64071 |
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Dileep Viswanath |
8000 |
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Harsha Peresandra Anand |
6000 |
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Jagdish Nanjappa |
2000 |
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Kutty S Prabhakaran |
6000 |
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Sankar Ramchandran |
12000 |
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Shashi Nandan Seshadri |
8000 |
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Srikanth Muirthy Aryaasomayajula |
2000 |
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Classic Capital Corporation,
Seychelles |
103328 |
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Monsoon India Inflection Fund Limited |
90737 |
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Monsoon India Inflection Fund-2 Limited |
181475 |
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Mackertich Consultancy Services (Private) Limited |
41176 |
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Sateesh Kumar Holding on behalf of Enzen Employee Welfare Trust |
41852 |
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Total |
1010929 |
As on 31.10.2013
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
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Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident
Indian(s) or Overseas Corporate bodies or Others |
41.30 |
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Bodies corporate |
4.07 |
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Directors or relatives of Directors |
50.29 |
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Other top fifty shareholders |
4.34 |
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Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The Company is primarily engaged in DMS through a Franchisee Model for
Energy Transmission and Distribution Companies. |
GENERAL INFORMATION
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No. of Employees : |
Not Available |
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Bankers : |
Ø Axis Bank Limited,
Corporate Banking Branch, Express Building, Second Floor, No.1, Queen's Road,
Bangalore - 560001, Karnataka, India Ø National Bank
For Agriculture and Rural Development, Plot No. C-24, G-Block, Bandra Kurla Complex,
P.B. No. 8121, Bandra (East), Mumbai - 400051, Maharashtra, India Ø The Federal Bank
Limited, 44 and 45, Residency Road, Bangalore - 560025, Karnataka, India |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Deloitte Haskins
and Sells Chartered Accountants |
|
Address : |
Deloitte Centre,
Anchorage II, 100/2, Richmond Road, Bangalore – 560025, Karnataka, India |
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PAN
No. : |
AACFD3771D |
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Associates/Subsidiaries : |
Ø Enzen Global
Limited, UK Ø Enzen
Technologies Private Limited, India CIN No. :
U72200KA2007PTC041883 Ø Enzen Water
Solutions Private Limited, India Ø Enzen Water
Limited, UK |
CAPITAL STRUCTURE
As on 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
|
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|
2500000 |
Equity Shares |
Rs.10/- each |
Rs.25.000 Millions |
|
4500000 |
Preference Shares |
Rs.10/- each |
Rs.45.000 Millions |
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Total |
|
Rs.70.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
1010929 |
Equity Shares |
Rs.10/- each |
Rs.10.109 Millions |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
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(1)Shareholders' Funds |
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(a) Share Capital |
10.109 |
10.109 |
10.109 |
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(b) Reserves & Surplus |
567.289 |
544.239 |
514.559 |
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(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
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(2) Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
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Total
Shareholders’ Funds (1) + (2) |
577.398 |
554.348 |
524.668 |
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(3)
Non-Current Liabilities |
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(a) long-term borrowings |
10.086 |
13.008 |
8.462 |
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(b) Deferred tax liabilities (Net) |
0.000 |
1.942 |
2.952 |
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(c) Other long term liabilities |
0.000 |
0.000 |
0.000 |
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(d) long-term provisions |
17.918 |
10.933 |
7.702 |
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Total Non-current Liabilities (3) |