MIRA INFORM REPORT

 

 

Report Date :

26.07.2014

 

IDENTIFICATION DETAILS

 

Name :

HEWITT ASSOCIATES (INDIA) PRIVATE LIMITED (w.e.f. 22.09.2000)

 

 

Formerly Known As :

NOBLE AND HEWITT (INDIA) PRIVATE LIMITED

 

 

Registered Office :

710, Ansal Chamber, II6 Bhikaji Cama Place, New Delhi – 110066

 

 

Country :

India

 

 

Financials (as on) :

31.03.2013

 

 

Date of Incorporation :

20.04.1995

 

 

Com. Reg. No.:

55-067542

 

 

Capital Investment / Paid-up Capital :

Rs.668.700 Millions

 

 

CIN No.:

[Company Identification No.]

U74899DL1995PTC067542

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

DELH04431A

 

 

PAN No.:

[Permanent Account No.]

AABCH1559D

 

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

The company is engaged in providing human resources consulting, human resources outsourcing and business process outsourcing including technical development services.

 

 

No. of Employees :

Information declined by the management.

 

 

RATING & COMMENTS

 

MIRA’s Rating :

A (62)

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Maximum Credit Limit :

USD  23000000

 

 

Status :

Good

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

 

 

Comments :

Subject is a well-established company having fine track.

 

Financial position of the company seems to be good.

 

Trade relations are reported as fair. Business is active. Payment terms are reported to be regular and as per commitments.

 

The company can be considered good 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 31, 2014

 

Country Name

Previous Rating

(31.12.2013)

Current Rating

(31.03.2014)

India

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

INDIAN ECONOMIC OVERVIEW

 

N E W S

 

The economy grew 4.7 %in 2013/14, marking a second straight year of sub-5 % growth – the worst slowdown in more than a quarter of a century. The data was below an official estimate of 4.9 % annual growth and compared with 4.5 % in the last fiscal year. However, the current account deficit narrowed sharply to $ 32.4 billion at 1.7 % of gross domestic product, in 2013/14 from a record high of $ 98.8 billion or 4.7 %, the year before.A sharp fall in gold imports due to restrictions on overseas purchases and muted import of capital goods helped shrink the current account deficit.

 

Online retailer Flipkart has acquired fashion portal Myntra as it prepares to battle with the rapidly expanding India arm of the global e-commerce giant Amazon. The company raised $ 210 million from Russian Investment firm DST Global which has also invested in companies like Facebook, Twitter and Alibaba Group.

 

General Motors will start exporting vehicles from its Talegaon plant near Pune in the second half of 2014. GM was one of the few global carmakers that was using its India plant only for the domestic market.

 

Google has overtaken Apple as the world’s top brand in terms of value, according to global market research agency Millward Brown. Google’s brand value shot up 40 % in a year to $ 158.84 billion. The top 10 of the 100 slots were dominated by US companies.

 

Infosys lost another heavy weight when B G Srinivas, a board member put in his papers. He is the third CEO-hopeful to quit after Chairman N R Narayana Murthy’s return to the company – Ashok Vemuri and V Balakrishnan being the other two.While Vemuri went on to lead IGate, Balakrishnan joined politics.

 

Naresh Goyal – promoted Jet Airways posted biggest quarterly loss – Rs 2153.37 crore – in the three months ended March 31, mainly because it has been offering discounts to passengers to fill planes.

 

William S Pinckney – Chairman and CEO of Amway India was arrested by the Andhra Pradesh Police in connection with a complaint against the direct selling firm. This is the second time that he has been taken into custody. A year, ago the Kerala Police had arrested Pinckney and two company directors on charges of financial irregularities.

 

China has told its state-owned enterprises to sever links with American consulting firms after the United States charged five Chinese military officers wih hacking US companies. China’s action which targets consultancies like McKinsey & Co. and the Boston Consulting Group, sterns from fears that the first are providing trade secrets to the US governments.

 

India has emerged as a country with some of the highest unregistered businesses in the world. Indonesia has the maximum number of shadow businesses, says a study of 68 countries by Imperial College Business School in London.

 

Pfizer has abandoned its attempt to buy AstraZeneca for nearly $ 118 billion after the latter refused an offer of 55 pounds a share.

 

 

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 31-03-2014.

 

 

INFORMATION DENIED

 

Management Non-Cooperative

 

Contact No.:91-124-4155000

 

 

LOCATIONS

 

Registered Office :

710, Ansal Chamber, II6 Bhikaji Cama Place, New Delhi – 110066, India

Tel. No.:

Not Available

Fax No.:

Not Available

E-Mail :

sandeep.aggarwal@aonhewitt.com

 

 

Branch Office :

Vishwaroop IT Park, Plot Nos. 34,35 and 38, Sector 30A of Vashi International Info-Tech Park of CIDCO, Navi Mumbai – 400705, Maharashtra, India

Tel. No.:

91-22-67919700

Fax No.:

91-22-67919766

 

 

DIRECTORS

 

AS ON 28.09.2013

 

Name :

Mr. Pavan Bhalla

Designation :

Managing Director

Address :

9665, Autry Falls Dr. Alpharetta, GA, Georgia, 300223211, United Stated of America

Date of Birth/Age :

09.01.1963

Date of Appointment :

14.11.2011

DIN No. :

02058106

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

U74999DL1997PLC129061

HEWITT OUTSOURCING SERVICES INDIA LIMITED

Director

30/09/2008

04/03/2008

-

Active

NO

2

U74140DL1999PLC128578

HEWITT HUMAN RESOURCE SERVICES LIMITED

Director

30/09/2008

04/03/2008

-

Active

NO

3

U74899DL1995PTC067542

HEWITT ASSOCIATES (INDIA) PRIVATE LIMITED

Managing director

14/11/2011

01/11/2011

-

Active

NO

 

 

Name :

Mr. Sandeep Kumar Aggarwal

Designation :

Director

Address :

H.No.104, Sector 17A, Gurgaon, Haryana -122001 , India

Date of Birth/Age :

21.05.1975

Date of Appointment :

28.09.2013

DIN No. :

02833775

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

U65999DL2010PTC202533

EMBRACE FINANCE CONSULTING PRIVATE LIMITED

Director

12/05/2010

12/05/2010

02/04/2011

Active

NO

2

U74899DL1995PTC067542

HEWITT ASSOCIATES (INDIA) PRIVATE LIMITED

Director

28/09/2013

31/05/2013

-

Active

NO

3

U74999DL1997PLC129061

HEWITT OUTSOURCING SERVICES INDIA LIMITED

Director

20/09/2013

31/05/2013

-

Active

NO

4

U74140DL1999PLC128578

HEWITT HUMAN RESOURCE SERVICES LIMITED

Director

20/09/2013

31/05/2013

-

Active

NO

 

Top of Form

Bottom of Form

 

 

 

Name :

Mr. Gurinder Singh

Designation :

Director

Address :

Flat No. 304A, Management Society, Plot No.17, F/F Block No.3, Sector-5, Dwarka, New Delhi-110075

Date of Birth/Age :

24.08.1964

Date of Appointment :

30.09.2011

PAN No. :

AARPS7344A

DIN No. :

03424277

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

U74899DL1995PTC067542

HEWITT ASSOCIATES (INDIA) PRIVATE LIMITED

Director

30/09/2011

17/02/2011

-

Active

NO

2

U74999DL1997PLC129061

HEWITT OUTSOURCING SERVICES INDIA LIMITED

Director

29/09/2012

01/12/2011

-

Active

NO

3

U74140DL1999PLC128578

HEWITT HUMAN RESOURCE SERVICES LIMITED

Director

29/09/2012

01/12/2011

-

Active

NO

 

 

Name :

Mr. Anand Sankaran

Designation :

Director

Address :

128 New No. 7 Vanniar Street, Choolaimedu, Chennai-600094, Tamil Nadu, India

Date of Birth/Age :

10.04.1967

Date of Appointment :

29.09.2012

PAN No. :

AABPS2147P

DIN No. :

03615038

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

U74899DL1995PTC067542

HEWITT ASSOCIATES (INDIA) PRIVATE LIMITED

Director

29/09/2012

01/11/2011

-

Active

NO

 

 

KEY EXECUTIVES

 

Name :

Mr. Nitin Kaul

Designation :

Secretary

Address :

A-3, 11-D, Green Apartments, Paschim Vihar, New Delhi-110063, India

Date of Birth/Age :

01.07.1977

Date of Appointment :

22.11.2010

PAN No.:

ALFPK1443B

 

Name :

Mr. Syed Moinuddin

Designation :

Ind Re & Fm Leader

 

 

Name :

Mr. Vineet Kapoor

Designation :

IS Leader I

 

 

Name :

Mr. Bindu Malini Krishnan

Designation :

Ind Business Group Manager

 

 

Name :

Mr. Narinder B Lakhani

Designation :

Ind Business Group Manager

 

 

Name :

Mr. Shaswat Kumar

Designation :

Associate

 

 

Name :

Mr. Nitin Sethi

Designation :

Associate

 

 

Name :

Mr. Ramendrajit Sen

Designation :

HR Leader I

 

 

Name :

Mr. Sandeep Joshi

Designation :

Domain Leader I

 

 

Name :

Mr. Sanjay Bhatnagar

Designation :

Ind Delivery Leader II

 

 

Name :

Mr. Akshay Sabharwal

Designation :

Ind Talent Acquisition Ldr I

 

 

Name :

Mr. Ajay Mulgaokar

Designation :

Ind Delivery Leader II

 

 

Name :

Mr. Sandeep Chaudhary

Designation :

Associate

 

 

Name :

Mr. Ravinder P Bhatia

Designation :

Domain Leader Iv

 

 

Name :

Mr. Rakesh Malik

Designation :

Associate

 

 

Name :

Mr. Shailja Singh

Designation :

Ind Hr Leader I

 

 

Name :

Mr. Deepak Puggal

Designation :

Ind Business Group Leader I

 

 

Name :

Mr. Yash Pal Syngal

Designation :

Domain Leader IV

 

 

Name :

Mr. Arjun Singh

Designation :

Ind- Managing Director HRO

 

 

Name :

Mr. Mohit Kapoor

Designation :

Ind General Counsel Apac Ldr

 

 

Name :

Mr. Saket Singhal

Designation :

Associate

 

 

Name :

Mr. Gurinder Singh

Designation :

Domain Leader VI

 

 

Name :

Mr. Prashant Srivastava

Designation :

Associate

 

 

Name :

Mr. Jasjit Singh Kang

Designation :

Domain

Leader IV

 

 

Name :

Mr. S. Asokan

Designation :

IS Leader II

 

 

Name :

Mrs. Purva Misra

Designation :

Asia Pacific HR Leader

 

 

Name :

Mr. Anupam Prakash

Designation :

Associate

 

 

Name :

Mr. Rohit Jain

Designation :

Associate

 

 

Name :

Mr. Gina Lewis

Designation :

Associate

 

 

Name :

Mr. Hemant Upadhyay

Designation :

Associate

 

 

Name :

Mr. Avtar Singh

Designation :

Ind Delivery Groupmanager 1

 

 

Name :

Mr. Yogesh Kumar

Designation :

Ind Delivery Group Manager 1

 

 

Name :

Ms. Kavita Mathur

Designation :

Associate

 

 

Name :

Mr. Harpreet Bhinder

Designation :

Domain Leader IV

 

 

Name :

Mr. Joby Joseph

Designation :

Domain Leader IV

 

 

Name :

Mr. Anand Venkateswaran

Designation :

Ind Delivery Group Manager 2

 

 

Name :

Mr. Ajay Kumar Parakkal

Designation :

Ind-Hr Group Leader I

 

 

Name :

Mr. Vishal Pandit

Designation :

 Associate

 

 

Name :

Mr. Rajeev Moza

Designation :

Associate

 

 

Name :

Mr. Partika Raj

Designation :

Ind-Hr Group Leader I

 

 

Name :

Mr. Vivek Chachra

Designation :

Associate

 

 

Name :

Mr. R. Arunachalam

Designation :

Associate

 

Name :

Mr. Tarandeep Singh Pahwa

Designation :

IND CNS Partner

 

Name :

Mr. Ajay Soni

Designation :

IND CNS Partner

 

Name :

Mr. Radhika Gopalakrishnan

Designation :

IND CNS Partner

 

Name :

Mr. Sandeep Chaudhary

Designation :

IND CNS Partner

 

Name :

Mr. Anandorup

Designation :

IND CNS Director

 

Name :

Mr. Sharad Vishvanath

Designation :

IND CNS Partner

 

Name :

Priyanka Kuthiala

Designation :

IND CNS Ops Service Manager

 

Name :

Nitin Sethi

Designation :

IND CNS Partner

 

Name :

Bindu Malini Krishnan

Designation :

IND Sr Director Outsrcng Dlvry

 

Name :

Ramendrajit Sen

Designation :

HR Leader I

 

Name :

Mr. Sandeep Aggarwal

Designation :

Financial Leader I

 

Name :

Mr. Kabir Pandit

Designation :

IND Sr director Knowldge Servcs

 

Name :

Mr. Byju J R

Designation :

IND Manager IT Delivery- I

 

Name :

Mr. Rakesh Malik

Designation :

Transfer Case (Not Part Of India Head Count)

 

Name :

Sushant Upadhyay

Designation :

IND CNS Partner

 

Name :

Shweta Sharma

Designation :

IND Application Dev Tech Lead

 

Name :

Ajay Mulgaokar

Designation :

Ind Sr.Director-It Management

 

Name :

Harmeet Tuteja

Designation :

IND Director Outsourcing Dlvry.

 

 

Name :

Preeti Gupta

Designation :

IND Lead Systems Analyst

 

 

 

 

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

AS ON 28.09.2013

 

Names of Shareholders

 

No. of Shares

Hewitt International Holdings LLC, USA

 

90

AON Mauritius Holdings, Mauritius

 

61,716,656

 

 

 

Total

 

61,716,746

 

AS ON 28.09.2013

 

Equity Share Break up (Percentage of Total Equity)

 

Category

Percentage

Foreign holdings( Foreign institutional investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s) or Overseas Corporate bodies or Others

100.00

Total

100.00

 

 

 

 

 

BUSINESS DETAILS

 

Line of Business :

The company is engaged in providing human resources consulting, human resources outsourcing and business process outsourcing including technical development services.

 

 

Services :

·         Consulting

·         B.P.O.

·         Software Development

 

 

GENERAL INFORMATION

 

No. of Employees :

Information declined by the management.

 

 

Bankers :

Not Available

 

 

 

Banking Relations :

--

 

 

Auditors :

 

Name :

S. R. Batliboi and Company

Chartered Accountants

Address :

S. R. Batliboi, Golf View Corporate Tower-B, Near DLFGolf Course, Sector-42, Sector Road, Gurgaon - 122002, Haryana, India

PAN.:

AALFS0506L

 

 

Immediate Holding of Holding Company :

·         Aon Holdings B.V. (Netherland) (w.e.f. 30th March , 2012)

·         Hewitt Associates LLC, USA (till 30th March 2012)

·         Hewitt Associates LLC, USA (from 31st May 2010)

 

 

Holding company :

·         Aon Mauritius Holdings (Mauritius) (w.e.f. 30th March, 2012)

·         Consulting Hewitt Mauritius Limited (w.e.f. 31st May 2010 till 30th March, 2012 )

·         Hewitt Associates LLC, USA (till 31st May 2010

 

 

Subsidiaries :

·         Hewitt Human Resource Services Limited

·         Hewitt Outsourcing Services India Limited.

·         Aon Specialist Services Pvt. Ltd. (w.e.f. 27th December, 2011)

 

 

Fellow Subsidiaries :

·         Aon Hewitt-GMBH, Germany

·         Aon Consulting Limited (N0120), UK

·         Aon Consulting Singapore Pte Limited,Singapore

·         Aon Hewitt Limited, UK

·         Aon Service Corporation

·         Aon Hewitt (Thailand) Limited

·         Hewitt Associates Partnership Canada

·         Hewitt Associates GmbH, Czech Republic

·         Aon Hewitt Associates Human Resource Consultant, GMBH-Austria

·         Hewitt Associates Kabushiki Gaisya , Japan

·         Hewitt Associates Korea LLC, Korea

·         Hewitt Associates Limited, Hong Kong

·         Hewitt Associates Outsourcing Limited, UK

·         Hewitt Associates Pte Limited, Singapore

·         Hewitt Associates Pty. Limited, Australia

·         Hewitt Associates SARL, Paris-France

·         Aon Hewitt Turkey

·         Hewitt Associates Serviços de Recursos Humanos, Brazil

·         Hewitt Associates S.A. Agrentina

·         Hewitt Associates LLC (Chile) Ltda

·         Aon Hewitt Colombia

·         Aon Hewitt Greece

·         Hewitt Associates s.r.l., Italy

·         Hewitt Keijin and Koelman BV, Netherlands

·         Aon Hewitt Sp.Zo.o.Poland

·         Hewitt Associates Caribe, Inc. Puerto Rico

·         Hewitt Associates, S.A, Belgium

·         Hewitt Associates AB Sweden

·         Aon Hewitt (Switzerland) S.A.

·         Aon México Business Support, S.A. de C.V.

·         Hewitt HR Delivery Services Pte Limited, Singapore

·         Hewitt Human Tanacsado kft - Hungry

·         Hewitt Associates LLC

·         Hewitt FZ LLC

·         AON Hewitt - France

·         AON Hewitt Sdn Bhd , Malaysia

·         Hewitt Associates, Da con and Woodrow, UK

·         Hewitt Associates Romania

·         Aon Hewitt Ukraine

·         Hewitt Associates Solvania

·         Hewitt Associates Bulgaria

·         Aon Hewitt Middle East Limited

·         Aon Hewitt Taiwan

·         Aon Consell Courtage

·         Aon Holdings Japan Limited

·         Aon Risk Services

·         Aon Consulting Inc

·         Aon Hewitt Singapore Pte Limited

·         Aon Singapore Cent re for Innovation, Startegy and Management Pte Limited

·         Aon Hewitt

·         Aon South Africa (Pty) Limited

·         Hewitt Associates Consulting, (Shanghai) Co. Limited, China

·         Hewitt Associates, S.A., Belgium

·         Hewitt Associates Korea Yuhan Hoesa

·         Aon Hewitt Sdn Bhd, Malaysia

·         Hewitt Associates Inc, Philippines

·         Aon Hewitt (Thailand) Limited

·         Aon Hewitt Limited - UK

·         Hewitt Associates BV, Netherlands

·         Aon Conseil Courtage. France

·         Hewitt Associates Caribe, Inc., Puerto Rico

·         Aon Holdings Japan Limited and Subs, Japan

·         Aon Risk Services Australia, Australia

·         Aon Consulting, Inc. (NJ), US

·         Aon Hewitt Middle East Limited, Dubai

·         Aon Consulting Limited, US

·         Aon Hewitt, Cyprus

·         Hewitt Associates, Hungary

·         Hewitt Associates LLC, Venezuela

·         Aon México Business Support, S.A. de C.V., Mexico

·         Aon Hewitt Taiwan

·         Aon Hewitt (Switzerland) S.A., Switzerland

·         Hewitt Associates, Ukaraine

·         Hewitt Human Tanacsado kft, Hungary

·         Hewitt Associates S.A, Argentina

·         Hewitt Associates AB, Sweden

·         Hewitt Associates, Bulgaria

·         Hewitt Associates, Greece

·         Aon South Africa (Pty) Limited , South Africa

·         AonHewitt Columbia

·         Hewitt Associates - Atlanta

·         Aon Hewitt Turkey

·         Aon Hewitt Egypt

·         Related party disclosure

·         Fellow subsidiary companies

·         Hewitt Associates, Mauritius

·         Aon Hewitt Sp.Zo.o., Poland

·         Hewitt Associates FZ LLC - Dubai

·         Hewitt Associates Spain

·         Aon Hewitt Singapore Pte. Limited, Singapore

·         Hewitt HR Delivery Services Pte Limited, Singapore

·         Aon KSA

·         Aon Qatar LLC

·         Aon Hewitt UAE

·         McLagan HongKong

·         McLagan Partners Asia

·         Maclagan Partners Inc

·         Mclagan Management Consultants Dubai

·         Aon Service Corporation

·         Hewitt Associates LLC, USA (w.e.f. 30th March 2012)

·         Aon Global Limited

·         Aon Holdings BV

·         Aon Comercial Services Operation

·         Mc Lag n Management  Consultants

·         Aon Global Insurance

·         Brokers Private Limited.

·         Hewitt Associates LLC, China

·         Hewitt Ennisknupp, INC

·         McLagan (Aon) Limited

 

 

 

CAPITAL STRUCTURE

 

AS ON 28.09.2013

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

90000000

Equity Shares

Rs.10/- each

Rs.900.000 Millions

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

61716746

Equity Shares

Rs.10/- each

Rs.617.167 Millions

 

 

 

 

 

 

AS ON 31.03.2013

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

90000000

Equity Shares

Rs.10/- each

Rs.900.000 Millions

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

66870000

Equity Shares

Rs.10/- each

Rs.668.700 Millions

 

 

 

 

 

 

 

 

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

668.700

668.700

741.900

(b) Reserves & Surplus

4,982.900

3,857.300

4,253.200

(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)

5,651.600

4,526.000

4,995.100

 

 

 

 

(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

139.800

79.200

81.800

(d) long-term provisions

519.100

364.100

341.400

Total Non-current Liabilities (3)

658.900

443.300

423.200

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

0.000

0.000

0.000

(b) Trade payables

734.700

697.900

541.500

(c) Other current liabilities

261.000

351.900

186.100

(d) Short-term provisions

139.600

116.200

136.000

Total Current Liabilities (4)

1,135.300

1,166.000

863.600

 

 

 

 

TOTAL

7,445.800

6,135.300

6,281.900

 

 

 

 

II.          ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

509.000

399.500

293.000

(ii) Intangible Assets

19.200

7.700

10.300

(iii) Capital work-in-progress

109.000

67.600

14.500

(iv) Intangible assets under development

0.000

0.000

0.000

(b) Non-current Investments

806.400

806.400

3.000

(c) Deferred tax assets (net)

512.600

414.800

439.700

(d)  Long-term Loan and Advances

566.700

589.000

362.600

(e) Other Non-current assets

0.100

0.000

2.600

Total Non-Current Assets

2,523.000

2,285.000

1,125.700

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

1,481.200

0.000

0.000

(b) Inventories

0.000

0.000

0.000

(c) Trade receivables

1,946.900

2,130.700

1,912.000

(d) Cash and cash equivalents

283.200

605.500

1,832.200

(e) Short-term loans and advances

286.300

409.800

622.400

(f) Other current assets

925.200

704.300

789.600

Total Current Assets

4,922.800

3,850.300

5,156.200

 

 

 

 

TOTAL

7,445.800

6,135.300

6,281.900

 

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

 

31.03.2013

31.03.2012

31.03.2011

 

SALES

 

 

 

 

Revenue from operations

10,739.800

8,851.500

8,044.100

 

Other Income

 

 

 

 

TOTAL

10,739.800

8,851.500

8,044.100

 

 

 

 

 

Less

EXPENSES

 

 

 

 

TOTAL

9,168.000

7,623.300

7,028.400

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX

1,571.800

1,228.200

1,015.700

 

 

 

 

 

Less

TAX

446.200

448.600

(88.500)

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX  

1,125.600

779.600

1,104.200

 

 

 

 

 

 

EARNINGS IN FOREIGN CURRENCY

 

 

 

 

F.O.B. Value of Exports

9,415.400

7,725.500

7,028.200

 

TOTAL EARNINGS

9,415.400

7,725.500

7,028.200

 

 

 

 

 

 

Earnings / (Loss) Per Share (Rs.)

16.83

10.95

 14.88

 

 

KEY RATIOS

 

PARTICULARS

 

 

31.03.2013

 

31.03.2012

 

31.03.2011

 

PAT / Total Income

(%)

10.48

8.81

13.73

 

 

 

 

 

Return on Total Assets

(PBT/Total Assets)

(%)

26.12

25.34

17.44

 

 

 

 

 

Return on Investment (ROI)

(PBT/Networth)

 

0.28

0.27

0.20

 

 

 

 

 

Debt Equity Ratio

Total Debt /Networth)

 

0.00

0.00

0.00

 

 

 

 

 

Current Ratio

(Current Asset/Current Liability)

 

4.34

3.30

5.97

 

 

 

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

741.900

668.700

668.700

Reserves & Surplus

4,253.200

3,857.300

4,982.900

Net worth

4,995.100

4,526.000

5,651.600

 

 

 

 

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)

Total Income

8,044.100

8,851.500

10,739.800

 

 

10.037

21.333

 

 

NET PROFIT MARGIN

 

Net Profit Margin

31.03.2011

31.03.2012

31.03.2013

 

(Rs. In Millions)

(Rs. In Millions)

(Rs. In Millions)

Total Income

8,044.100

8,851.500

10,739.800

Profit/(Loss) After Tax

1,104.200

779.600

1,125.600

 

13.73%

8.81%

10.48%

 

 

 

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)

No

21]

Market information

------

22]

Litigations that the firm / promoter involved in

------

23]

Banking Details

No

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

 

 

INDEX OF CHARGES : NO CHARGES EXIST FOR COMPANY

 

PERFORMANCE REVIEW

During the year, the Company has earned a net profit after tax of Rs. 1125.600 Millions as against previous year of Rs. 779.600 Millions. The Directors expect that the initiatives undertaken will result in more improvement in financial results in the coming years. The details of financial performance of the company are appearing in the Balance Sheet and Profit and Loss account for the year.

 

OPERATIONS

The Company continues to take effective steps in broad-basing its range of activities. The performance of the Company during the period has been satisfactory.

 

FUTURE OUTLOOK

In the current year, the Directors are putting up efforts and it is hoped that the company will do better in the current year. The outlook for the current year is also very bright and your Directors are hopeful of doing a good business during the current year.

 

CONTINGENT LIABILITIES

Income tax authorities have raised penalty demands aggregating Rs. 7.300 millions for certain assessment years. The company has filed appeals against the assessment orders which are pending before appellate authorities. Management considers that it has a good chance to defend and does not consider the need for provision for tax demands for any of the years at this stage.

 

 

FIXED ASSETS

 

·         Furniture and fixtures

·         Vehicles

·         Motor vehicles

·         Office equipment

·         Computer equipments

·         Other equipments

·         Leasehold improvements

·         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, India Prisons Service, Interpol, etc.

 

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.60.14

UK Pound

1

Rs.102.22

Euro

1

Rs.81.02

 

 

INFORMATION DETAILS

 

Information Gathered by :

PLK

 

 

Analysis Done by :

RAS

 

 

Report Prepared by :

SNT

 

SCORE & RATING EXPLANATIONS

 

SCORE FACTORS

 

RANGE

POINTS

HISTORY

1~10

7

PAID-UP CAPITAL

1~10

6

OPERATING SCALE

1~10

7

FINANCIAL CONDITION

 

 

--BUSINESS SCALE

1~10

7

--PROFITABILIRY

1~10

7

--LIQUIDITY

1~10

7

--LEVERAGE

1~10

7

--RESERVES

1~10

7

--CREDIT LINES

1~10

7

--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

 

62

 

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

-

 

 

 

 

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.