MIRA INFORM REPORT

 

IDENTIFICATION DETAILS

 

Name :

ENZEN GLOBAL SOLUATIONS PRIVATE LIMITED

 

 

Country :

India

 

 

Financials (as on) :

31.03.2013

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

 BLRE04370C

 

 

PAN No.:

[Permanent Account No.]

AABCE5868J

 

 

Legal Form :

Private Limited Liability Company

 

 

No. of Employees :

Information declined by the management

 

 

BUSINESS DETAILS

 

Line of Business :

The Company is primarily engaged in DMS through a Franchisee Model for Energy Transmission and Distribution Companies.

 

GENERAL INFORMATION

 

No. of Employees :

Information declined by the management

 

 

Bankers :

Ř       Axis Bank Limited, Corporate Banking Branch, Express Building, Second Floor, No.1, Queen's Road, Bangalore - 560001, Karnataka, India

Ř       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

Ř       The Federal Bank Limited, 44 and 45, Residency Road, Bangalore - 560025, Karnataka, India

 

 

Facilities :

SECURED LOANS

31.03.2013

(Rs. in Millions)

31.03.2012

(Rs. in Millions)

LONG TERM BORROWINGS

 

 

Rupee term loan from bank

10.086

13.008

 

 

 

SHORT TERM BORROWINGS

 

 

Rupee term loan from bank

64.008

105.383

 

 

 

Total

74.094

118.391

 

Banking Relations :

--

 

 

Auditors :

 

Name :

Deloitte Haskins and Sells

Chartered Accountants

Address :

Deloitte Centre, Anchorage II, 100/2, Richmond Road, Bangalore – 560025, Karnataka, India

PAN No. :

AACFD3771D

 

 

Associates/Subsidiaries :

Ř       Enzen Global Limited, UK

Ř       Enzen Technologies Private Limited, India

CIN No. : U72200KA2007PTC041883

Ř       Enzen Water Solutions Private Limited, India

Ř       Enzen Water Limited, UK

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

As on 31.10.2013

 

Names of Shareholders

No. of Shares

Satheesh Kumar KR

444290

Vinod B Nair

64071

Dileep Viswanath

8000

Harsha Peresandra Anand

6000

Jagdish Nanjappa

2000

Kutty S Prabhakaran

6000

Sankar Ramchandran

12000

Shashi Nandan Seshadri

8000

Srikanth Muirthy Aryaasomayajula

2000

Classic  Capital Corporation, Seychelles

103328

Monsoon India Inflection Fund Limited

90737

Monsoon India Inflection Fund-2 Limited

181475

Mackertich Consultancy Services (Private) Limited

41176

Sateesh Kumar Holding on behalf of Enzen Employee Welfare Trust

41852

 

 

Total

1010929

 

 

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

 

 

 

(1)Shareholders' Funds

 

 

 

(a) Share Capital

10.109

10.109

10.109

(b) Reserves & Surplus

567.289

544.239

514.559

(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)

577.398

554.348

524.668

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

10.086

13.008

8.462

(b) Deferred tax liabilities (Net)

0.000

1.942

2.952

(c) Other long term liabilities

0.000

0.000

0.000

(d) long-term provisions

17.918

10.933

7.702

Total Non-current Liabilities (3)

28.004

25.883

19.116

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

64.008

105.383

66.413

(b) Trade payables

315.425

193.807

184.178

(c) Other current liabilities

21.235

8.303

7.596

(d) Short-term provisions

9.355

17.207

21.936

Total Current Liabilities (4)

410.023

324.700

280.123

 

 

 

 

TOTAL

1015.425

904.931

823.907

 

 

 

 

II.      ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

29.248

24.003

17.015

(ii) Intangible Assets

119.134

127.116

161.907

(iii) Capital work-in-progress

8.683

0.890

5.718

(iv) Intangible assets under development

0.000

17.562

17.562

(b) Non-current Investments

18.412

18.412

20.398

(c) Deferred tax assets (net)

2.153

0.000

0.000

(d)  Long-term Loan and Advances

100.723

77.466

130.030

(e) Other Non-current assets

16.799

10.868

7.491

Total Non-Current Assets

295.152

276.317

360.121

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

0.000

0.000

0.000

(c) Trade receivables

476.508

426.181

337.578

(d) Cash and cash equivalents

142.729

99.401

57.822

(e) Short-term loans and advances

74.655

48.407

49.609

(f) Other current assets

26.381

54.625

18.777

Total Current Assets

720.273

628.614

463.786

 

 

 

 

TOTAL

1015.425

904.931

823.907

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2013

31.03.2012

31.03.2011

 

SALES

 

 

 

 

 

Income

 

 

 

 

Other Income

 

 

 

 

 

TOTAL                                    

192.857

123.313

74.321

 

 

 

 

 

Less

EXPENSES

 

 

 

 

 

Office Expenses

 

 

 

Administrative Expenses

 

 

 

 

 

Advertising Expenses

 

 

 

 

 

TOTAL                                    

183.696

113.405

72.313

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION

9.161

9.908

 

 

 

 

 

 

Less

FINANCIAL EXPENSES                        

1.834

1.450

(Including Financial and Depreciation Expenses)

 

 

 

 

 

 

PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION

7.327

8.458

 

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION        

4.210

3.991

 

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX 

3.117

4.467

2.008

 

 

 

 

 

Less

TAX                                                                 

0.812

1.499

0.636

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX

2.305

2.968

1.372

 

 

 

 

 

 

Earnings / (Loss) Per Share (Rs.)

2.28

2.93

1.36

 

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba (46)

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

 

 

Payment Behaviour :

Usually correct

 

 

Litigation :

Clear

 

 

RBI DEFAULTERS’ LIST STATUS

 

Subject’s name is not enlisted as a defaulter in the publicly available RBI Defaulters’ list.

 

LOCATIONS

 

Registered Office :

No. 90, Hosur Road, Madiwala, Bangalore-560068, Karnataka, India

Tel. No.:

91-80-67123002

Fax No.:

91-80-67123003

E-Mail :

info@enzenglobal.com

satheesh@enzenglobal.com

vionod.gg@enzenglobal.com 

Website :

http://www.enzenglobal.com

 

 

Branches :

Located At:

 

·         Bangalore

·         Bhubaneswar

·         Chennai

·         Hyderabad

·         Noida

·         Arizona, USA

·         Solihull, UK

·         Cardiff, UK

·         London

·         Warrington, UK

 

NOTE:

 

The Registered office of the company has been shifted from No. 70/3, 2nd Floor, Milers Road, Bangalore-560052, Karnataka, India to present address w.e.f. 01.02.2008

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.