MIRA
INFORM REPORT
IDENTIFICATION DETAILS
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Name : |
INDEGENE LIFESYSTEMS PRIVATE LIMITED |
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Country : |
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Financials (as
on) : |
31.03.2013 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
BLRI00796F |
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PAN No.: [Permanent Account No.] |
AAACI4552N |
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Legal Form : |
Private Limited Liability Company |
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No. of Employees
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700 (Approximately) |
BUSINESS DETAILS
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Line of Business : |
Service Provider of Knowledge Process Outsourcing. |
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Products/ Services : |
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Terms : |
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Selling : |
L/C and Credit |
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Purchasing : |
L/C and Credit |
GENERAL INFORMATION
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Customers : |
End Users |
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No. of Employees : |
700 (Approximately) |
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Bankers : |
· Kotak Mahindra Bank Limited, 36-38A, Nariman Bhavan, 227,D, Nariman Point, Mumbai - 400021, Maharashtra, India ·
Indian Bank, # 512, 6th Cross, 6th Block,
Koramangala, Bangalore - 560095, Karnataka, India [Tel No.: 91-80-22958828] ·
Kotak Mahindra Bank Limited, |
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Facilities : |
(Rs. In Millions)
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Banking Relations
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Auditors : |
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Name : |
Ajit and Vivek Chartered Accountants |
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Address : |
No.7, 3rd Floor, North Park Road, Sheshadripuram,
Bangalore – 560020, Karnataka, India |
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Income-tax
PAN of auditor or auditor's firm : |
AABFA3686M |
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Subsidiary Company
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· ILSL Holdings Inc · Indegene Fareast Pte Limited · Indegene Australia Pty Limited · Indegene Lifesystems Consulting (Shanghai) Co Limited · Indegene Europe LLC |
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Fellow Subsidiary
Company : |
· Indegene Pharma solutions Inc · CME Universe, LLC · Medcases LLC · Indemed Pharmaceutical Solutions, Inc · Indegene Aptilon Inc · Services Indegene Aptilon Inc |
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Controlling Company
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Indegene Lifesystems Private Limited, India |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 29.09.2012
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Names of Equity Shareholders |
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No. of Shares |
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Rohit M. Bhojraj |
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2109 |
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Rajesh Bhaskaran Nair |
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275327 |
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Manish Gupta |
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207782 |
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Anand Sarabhai joint with Suhrid Sarabhai |
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8000 |
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Vinay Parikh joint with Gayatri V. Parikh |
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2000 |
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Nikhil Nath |
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705 |
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Rajiv Sahney |
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2820 |
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Daisy Digital Securities Limited, Mauritius |
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2815 |
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Anand Shukla |
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375 |
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Satish Kumar Ganesan |
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375 |
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Gaurav Kapoor |
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59896 |
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Vijay Agarwal |
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750 |
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Shrikumar Margabandhu |
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1821 |
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Anita Nair |
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500 |
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Vivek Pandita |
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375 |
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Safe Finvest Private Limited, India |
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14042 |
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Sanjay Suresh Parikh |
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144375 |
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Anand Kiran |
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52810 |
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Rajeev Jha |
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141 |
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Sanjay Panda |
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110 |
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Lakshmi Achar |
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38 |
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Ajay Shridhar |
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55 |
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Bhuvaneshwari |
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39 |
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Ramaswamy Kannan |
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3210 |
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Ashish Dutt |
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350 |
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Gautam Sathia |
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500 |
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Saurabh Jain |
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400 |
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Krishnamurthy Venugopala Tenneti |
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2000 |
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Nadathur Far East Pte, Singapore |
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752986 |
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Sanjay Virmani |
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4603 |
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Total |
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1541309 |
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Names of Preference Shareholder |
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No. of Shares |
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Sriram Nadathur |
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7169000 |
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Total |
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7169000 |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
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SOURCES
OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
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I.
EQUITY AND LIABILITIES |
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(1)Shareholders' Funds |
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(a) Share Capital |
719.983 |
719.983 |
719.980 |
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(b) Reserves & Surplus |
318.882 |
253.315 |
182.906 |
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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 |
68.715 |
0.015 |
0.011 |
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Total
Shareholders’ Funds (1) + (2) |
1107.580 |
973.313 |
902.897 |
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(3) Non-Current Liabilities |
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(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
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(b) Deferred tax liabilities
(Net) |
0.000 |
0.000 |
0.000 |
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(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
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(d) long-term provisions |
23.636 |
17.389 |
11.919 |
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Total
Non-current Liabilities (3) |
23.636 |
17.389 |
11.919 |
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(4) Current Liabilities |
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(a) Short term borrowings |
48.128 |
0.000 |
0.000 |
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(b) Trade payables |
54.730 |
41.993 |
40.618 |
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(c) Other current liabilities |
127.810 |
107.659 |
64.661 |
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(d) Short-term provisions |
72.135 |
38.194 |
23.586 |
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Total
Current Liabilities (4) |
302.803 |
187.846 |
128.865 |
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TOTAL |
1434.019 |
1178.548 |
1043.681 |
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II.
ASSETS |
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(1) Non-current assets |
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(a) Fixed Assets |
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(i) Tangible assets |
89.935 |
22.068 |
21.568 |
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(ii) Intangible Assets |
7.226 |
4.705 |
3.135 |
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(iii) Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
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(b) Non-current Investments |
622.055 |
599.764 |
597.788 |
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(c) Deferred tax assets (net) |
2.002 |
1.619 |
0.659 |
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(d) Long-term Loan and Advances |
235.786 |
138.121 |
136.066 |
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(e) Other Non-current assets |
60.673 |
43.538 |
24.439 |
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Total
Non-Current Assets |
1017.677 |
809.815 |
783.655 |
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(2) Current assets |
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(a) Current investments |
0.000 |
0.000 |
0.000 |
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(b) Inventories |
0.000 |
0.000 |
0.000 |
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(c) Trade receivables |
262.066 |
183.519 |
137.639 |
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(d) Cash and cash equivalents |
26.984 |
62.349 |
37.506 |
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(e) Short-term loans and
advances |
27.839 |
21.408 |
10.490 |
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(f) Other current assets |
99.453 |
101.457 |
74.391 |
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Total
Current Assets |
416.342 |
368.733 |
260.026 |
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TOTAL |
1434.019 |
1178.548 |
1043.681 |
PROFIT & LOSS
ACCOUNT
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PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
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SALES |
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Income |
831.341 |
603.400 |
401.149 |
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Other Income |
21.356 |
11.018 |
11.588 |
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TOTAL (A) |
852.697 |
614.418 |
412.737 |
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Less |
EXPENSES |
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Office Expenses |
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Administrative Expenses |
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Advertising Expenses |
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TOTAL (B) |
769.012 |
529.509 |
344.721 |
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Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
83.685 |
84.909 |
68.016 |
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Less |
FINANCIAL
EXPENSES (D) |
7.864 |
4.114 |
2.886 |
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PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
75.821 |
80.795 |
65.130 |
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Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
23.199 |
12.746 |
10.709 |
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PROFIT BEFORE
TAX (E-F) (G) |
99.020 |
68.049 |
54.421 |
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Less |
TAX (H) |
33.018 |
7.082 |
10.393 |
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PROFIT AFTER TAX
(G-H) (I) |
66.002 |
60.967 |
44.028 |
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Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
101.685 |
40.718 |
(3.310) |
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BALANCE CARRIED
TO THE B/S |
167.687 |
101.685 |
40.718 |
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EARNINGS IN
FOREIGN CURRENCY |
685.230 |
472.001 |
37.780 |
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Earnings Per
Share (Rs.) |
7.58 |
NA |
NA |
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Particulars |
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31.03.2014 |
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Sales Turnover |
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940.000 |
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The above information has been parted by Mr. Mr. Shivanand
HIGHLIGHTS OF THE
YEAR AND OUTLOOK
The Company grew during the year 2012-13 inspite of adverse economic conditions and continuous reorganization and restructuring in our client organizations.
Your Company has made progress on multiple fronts. Some of the important achievements are as follows:
· Indegene has been voted at as one of the top 100 best companies to work for by the Great Place to Work India survey for the third consecutive year.
· There has been deeper penetration with some of the key customers and an increase in the number of strategic engagement with customers.
· The Company has earned multiple Hermes, Marcom, Rx club and Webby awards in International Forums.
· The Company has initiated a productivity initiative and is preparing for CMMi certification for this process.
RATING & COMMENTS
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MIRA’s Rating : |
Ba (43) |
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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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Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
RBI DEFAILTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
LOCATIONS
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Registered Office : |
Pine Valley, 4th
Floor Embassy Golf Link Business Park, Varthur Hobli, Challaghatta Village,
Bangalore – 560071, Karnataka, India |
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Tel. No.: |
91-80-40787777 |
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Fax No.: |
91-80-41267704 |
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E-Mail : |
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Website : |
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Location : |
Owned |
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Locality : |
Commercial |
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Branch Office 1 : |
No. 69/B, 1st Cross, 1st Stage, Domlur Layout, Bangalore – 560071, Karnataka, India |
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Tel. No.: |
91-80-33288282 |
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Fax No.: |
91-80-33288204 |
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Branch Office 2 : |
Aspen Block G4, 3rd Floor, Manyata Embassy Business Park, Outer Ring Road, Nagawara, Bangalore – 560045, Karnataka, India |
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Tel. No.: |
91-80-71034567/ 39204567 |
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Fax No.: |
91-80-71034568/ 39204568 |
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Branch Office 3 : |
C-19, 4th Floor, Everest Building, J. Dadaji Marg, Tardeo, Mumbai – 400034, Maharashtra, India |
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Tel. No.: |
91-22-40794079/ 40794080 |
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Overseas Offices : |
Located at: · New Jersey · Los Angeles · Sydney · Singapore · London · China · Switzerland · Canada |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.