MIRA
INFORM REPORT
|
Report Date : |
26.07.2014 |
IDENTIFICATION DETAILS
|
Name : |
IL AND FS TECHNOLOGIES LIMITED (w.e.f. 22.11.2006) |
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Formerly Known
As : |
INFRASTRUCTURE TECHNOLOGY AND TRADE INDIA LIMITED (w.e.f. 18.06.1996) DSP TECHNOLOGY AND TRADE LIMITED |
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Registered
Office : |
The IL and FS Financial Centre, Plot C- 22, G Block,
Bandra Kurla Complex, Bandra (East) Mumbai - 400 051, Maharashtra |
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Country : |
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Financials (as
on) : |
31.03.2013 |
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Date of
Incorporation : |
09.02.1993 |
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Com. Reg. No.: |
11-070724 |
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Capital
Investment / Paid-up Capital : |
Rs.1178.682 Millions |
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CIN No.: [Company Identification
No.] |
U74999MH1993PLC070724 |
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PAN No.: [Permanent Account No.] |
AAACD2042C |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
The company engaged in software development and services, IT Infrastructure support and services. |
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No. of Employees
: |
Information declined by the management. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (47) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
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 a satisfactory track record. Financial position of the company seems to be decent. Trade relations are reported as fair. Business is active. Payment
terms are reported to be slow but correct. The company can be considered normal 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
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 DECLINED BY
|
Name : |
Mr. Sanjay Sharma |
|
Designation : |
Accounts Executive |
|
Contact No.: |
91-124-4716400 |
|
Date : |
25.07.2014 |
LOCATIONS
|
Registered Office : |
The IL and FS Financial Centre, Plot C- 22, G Block,
Bandra Kurla Complex, Bandra (East) Mumbai - 400 051, Maharashtra, India |
|
Tel. No.: |
91-22-66947600/4716400 |
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Fax No.: |
91-22-66947700/4716570 |
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E-Mail : |
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Website : |
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Corporate Office : |
3rd Floor, Ambience Corporate Tower, Ambience Mall, Ambience Island, National Highway #8, Gurgaon - 122 002, Haryana, India |
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Tel. No.: |
91-124-4716400 |
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Fax No.: |
91-124-4716570 |
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Branch Office : |
Located At · Kolkata · Bangalore · Chennai ·
Odisha
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Overseas Office : |
Located At · Philippines ·
UAE |
DIRECTORS
AS ON 19.09.2013
|
Name : |
Mr. Prem Nath Saigal |
|
Designation : |
Chairman and Whole Time Director |
|
Address : |
184, Jor Bagh, New Delhi-110 003, India |
|
Date of Birth/Age : |
01.01.1944 |
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PAN No.: |
AASPS9195E |
|
Date of Appointment : |
01.01.2009 |
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Qualification : |
ACA |
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DIN No.: |
00009267 |
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|
|
Name : |
Mr. Muthuswamy Venkatraman |
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Designation : |
Director |
|
Address : |
E-564, Greater Kailash-II, New Delhi-110 048, India |
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Date of Birth/Age : |
15.12.1948 |
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Date of Appointment : |
20.05.2008 |
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Date of Cessation : |
26.09.2013 |
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DIN No.: |
01336442 |
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|
|
Name : |
Mr. Ramesh Chandra Bawa |
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Designation : |
Director |
|
Address : |
W-78, Greater
Kailash Part-I, New Delhi - 110 048, India |
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Date of Birth/Age : |
15.06.1953 |
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Date of Appointment : |
28.09.2012 |
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DIN No.: |
00040523 |
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|
Name : |
Mr. Arun Kumar Saha |
|
Designation : |
Director |
|
Address : |
601-602, Green Acres CHS, Pali Hill, Bandra (West), Mumbai-400 050, Maharashtra, India |
|
Date of Birth/Age : |
27.03.1953 |
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Date of Appointment : |
20.05.2008 |
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DIN No.: |
00002377 |
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|
|
Name : |
Mr. Alok Bhargava |
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Designation : |
Nominee Director |
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Address : |
B-1201, Gulmohar Apartments, Ceaser Road, Amboli, Andheri (West), Mumbai-400 058, Maharashtra, India |
|
Date of Birth/Age : |
23.11.1961 |
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Date of Appointment : |
30.06.2009 |
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DIN No.: |
00162746 |
|
Name : |
Mr. Ramachandran Ganapathi |
|
Designation : |
Additional director |
|
Address : |
62, Bazullah Road, Ground Floor, T. Nagar, Chennai – 600017, Tamilnadu, India |
|
Date of Birth/Age : |
28.06.1955 |
|
Date of Appointment : |
19.03.2014 |
|
DIN No.: |
00210430 |
KEY EXECUTIVES
|
Name : |
Mr. Gulshan Kumar Bhatia |
|
Designation : |
E-1/30, First Floor, Sector-11, Faridabad-121 006, Haryana, India |
|
Address : |
Company Secretary |
|
Date of Birth/Age : |
27.09.1972 |
|
Date of Appointment : |
11.10.2006 |
|
PAN No.: |
AEOPB9648D |
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|
Name : |
Mr. Sanjay Sharma |
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Designation : |
Accounts Executive |
|
Name : |
Ms. Namita Mendiratta |
|
Designation : |
Chief Operating Officer |
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Qualification : |
Advance Diploma in Management, M.A. |
|
Date of Appointment : |
20.08.2001 |
|
Name : |
Mr. Manoj Khanderia |
|
Designation : |
Chief Financial Officer |
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Qualification : |
FCA |
|
Date of Appointment : |
15.07.2008 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 19.09.2013
SHAREHOLDING DETAIL FILE ATTACHED
Equity Share Break up (Percentage of Total Equity)
AS ON 19.09.2013
|
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 |
4.50 |
|
Bodies corporate |
48.20 |
|
Directors or relatives of Directors |
28.80 |
|
Other top fifty shareholders |
18.50 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The company engaged in software development and services,
IT Infrastructure support and services. |
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Products : |
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GENERAL INFORMATION
|
No. of Employees : |
Information declined by the management. |
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Bankers : |
·
Axis Bank Limited · HDFC Limited |
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Facilities : |
Note : LONG TERM
BORROWINGS Loans and Advances from others includes Loan from IL&FS Financial
Services Limited. |
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Banking
Relations : |
-- |
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|
|
Financial Institutions : |
IL and FS Financial Services Limited, II and FS Financial
Centre Plot No C-22 G Block, Bandra Kurla Complex Bandra (East), Mumbai -
400051, Maharashtra, India |
|
|
|
|
Auditors : |
|
|
Name : |
Luthra and Luthra Chartered Accountants |
|
Address : |
A-16/9, Vasant Vihar, New Delhi-110 057, India |
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PAN.: |
AAAFL1231A |
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|
Fellow
Subsidiary company : |
·
IL and FS Cluster Development Initiative Limited [U70109DL2006PLC153767] ·
IL and FS Educations and Technology Services
Limited [U80220MH1997PLC112535] ·
IL and FS Infrastructure Development Corporation
Limited [U45201DL1999PLC125988] ·
IL and FS Investment Manager Limited
[L65999MH1986PLC147981] ·
IL and FS Rail Limited [U63040HR2008PLC039089] ·
IL and FS Tamil Nadu Power Corporation Limited.
[U72200TN2006PLC060330] ·
IL and FS Transportation Networks Limited
[L45203MH2000PLC129790] ·
IL and FS Trust Company Limited
[U66020MH1995PLC095507] ·
IL and FS Renewal Energy Limited
[U32202MH2007PLC176153] ·
IL and FS Financial Services Limited
[U65990MH1995PLC093241] ·
IL and FS Portfolio Management Services Limited
[U74140MH2006PLC165363] ·
IL and FS Skills Development ·
Corporation Limited [U80904DL2011PLC213135] ·
IL and FS Global Financial Services Pte Limited ·
IL and FS Global Services (HK) Limited ·
IL and FS Capital Advisors Limited
[U65191MH2012PLC226314] ·
IL and FS Water Limited [U45400TN2007PLC071125] ·
IL and FS Energy Development Company Limited
[U40300DL2007PLC163679] ·
IL and FS Securities Services Limited
[U74992MH2006PLC163337] ·
Urban Mass Transit Company Limited
[U34101DL1993PLC053032] ·
IL and FS Urban Infrastructure Managers Limited
[U67190MH2006PLC162433] ·
Odisha e-Governance Services Limited
[U72200OR2008PLC009813] ·
IL and FS Maritime Infrastructure Company Limited
[U45201MH2006PLC165803] ·
IL and FS Environmental Infrastructure and
Services Limited [U90001DL2007PLC166554] ·
IL and FS Township and Urban Assets Limited
[U70109MH1969PLC014184] ·
PDCOR Limited [U74140RJ1997PLC014517] ·
IIML Asset Advisors Limited
[U74140MH2005PLC158416] ·
Orissa Project Development Company Private
Limited [U45200DL2007PTC159061] |
|
|
|
|
Enterprises which are owned, or have significant influence of or are partners with Key management personnel and their relatives
: |
·
Infrastructure Leasing And Financial Services
Limited [U65990MH1987PLC044571] ·
Rapid MetroRail Gurgaon Limited
[U60200HR2009PLC039116] ·
Rewarding Investment And Consultancy Private
Limited [U67120DL1990PTC040272] ·
Pan Asia Infrastructure Asset Management Company
PTE Limited |
|
|
·
|
|
Subsidiary
Company : |
·
I L and F S Technologies Philippines Inc ·
Philippines ITTIL (FZC), Sharjah, UAE ·
Land Registration Systems Inc. ·
Philippines Bhopal E-Governance Limited
[U72200HR2013PLC048356] ·
Livia India Limited [U72900MH2009PLC191389] ·
ORIX Auto Infrastructure Services Limited
[U63032MH1995PLC086014] |
CAPITAL STRUCTURE
AS ON 19.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
12000000 |
Equity Shares |
Rs.10/- each |
Rs.120.000 Millions |
|
10000000 |
Preference Shares |
Rs.10/- each |
Rs.100.000 Millions |
|
1000000 |
Preference Shares |
Rs.1000/- each |
Rs.1000.000 Millions |
|
|
Total |
|
Rs. 1220.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
7868239 |
Equity Shares |
Rs.10/- each |
Rs.78.682
Millions |
|
10000000 |
Preference Shares |
Rs.10/- each |
Rs.100.000 Millions |
|
1000000 |
Preference Shares |
Rs.1000/- each |
Rs.1000.000 Millions |
|
|
Total |
|
Rs. 1178.682 Millions |
FINANCIAL DATA
[All figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES
OF FUNDS |
|
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
1,178.682 |
1,178.682 |
|
(b) Reserves & Surplus |
|
897.826 |
941.481 |
|
(c) Money received against
share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
2,076.508 |
2,120.163 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
1,972.800 |
3,950.000 |
|
(b) Deferred tax liabilities
(Net) |
|
0.000 |
0.000 |
|
(c) Other long term
liabilities |
|
12.500 |
0.000 |
|
(d) long-term provisions |
|
6.633 |
3.808 |
|
Total
Non-current Liabilities (3) |
|
1,991.933 |
3,953.808 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
109.669 |
567.359 |
|
(b) Trade payables |
|
126.741 |
57.726 |
|
(c) Other current liabilities |
|
252.263 |
375.243 |
|
(d) Short-term provisions |
|
262.892 |
122.163 |
|
Total
Current Liabilities (4) |
|
751.565 |
1,122.491 |
|
|
|
|
|
|
TOTAL |
|
4,820.006 |
7,196.462 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
40.979 |
22.413 |
|
(ii) Intangible Assets |
|
134.656 |
178.772 |
|
(iii) Capital work-in-progress |
|
0.000 |
0.000 |
|
(iv) Intangible assets under
development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
1,022.834 |
1,019.969 |
|
(c) Deferred tax assets (net) |
|
9.647 |
2.914 |
|
(d) Long-term Loan and Advances |
|
288.151 |
2,949.992 |
|
(e) Other Non-current assets |
|
52.555 |
35.968 |
|
Total
Non-Current Assets |
|
1,548.822 |
4,210.028 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
36.039 |
1.133 |
|
(c) Trade receivables |
|
458.920 |
341.915 |
|
(d) Cash and cash equivalents |
|
81.816 |
287.094 |
|
(e) Short-term loans and
advances |
|
2,444.621 |
2,144.744 |
|
(f) Other current assets |
|
249.788 |
211.548 |
|
Total
Current Assets |
|
3,271.184 |
2,986.434 |
|
|
|
|
|
|
TOTAL |
|
4,820.006 |
7,196.462 |
|
SOURCES OF FUNDS |
|
|
31.03.2011 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
178.682 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
903.123 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
1081.805 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
3621.854 |
|
|
2] Unsecured Loans |
|
|
300.000 |
|
|
TOTAL BORROWING |
|
|
3921.854 |
|
|
DEFERRED TAX LIABILITIES |
|
|
2.883 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
5006.542 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
372.380 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
939.969 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
0.000
|
|
|
Sundry Debtors |
|
|
773.656
|
|
|
Cash & Bank Balances |
|
|
13.182
|
|
|
Other Current Assets |
|
|
27.566
|
|
|
Loans & Advances |
|
|
3189.148
|
|
Total
Current Assets |
|
|
4003.552
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
77.132 |
|
|
Other Current Liabilities |
|
|
165.050
|
|
|
Provisions |
|
|
67.177
|
|
Total
Current Liabilities |
|
|
309.359
|
|
|
Net Current Assets |
|
|
3694.193
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
5006.542 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
SALES |
|
|
|
|
|
Revenue from operations |
858.755 |
611.824 |
861.252 |
|
|
Other Income |
1,193.027 |
1,098.855 |
369.198 |
|
|
TOTAL
(A) |
2,051.782 |
1,710.679 |
1,230.450 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
415.060 |
125.784 |
3.126 |
|
|
Purchases of Stock-in-Trade |
0.000 |
0.000 |
0.000 |
|
|
Changes in inventories of finished
goods, work-in-progress and Stock-in-Trade |
0.000 |
0.000 |
0.000 |
|
|
Employees benefits expense |
381.898 |
323.627 |
210.433 |
|
|
Other expenses |
221.172 |
206.069 |
138.904 |
|
|
Exceptional Items |
0.000 |
97.447 |
0.000 |
|
|
TOTAL
(B) |
1,018.130 |
752.927 |
352.463 |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (C) |
1,033.652 |
957.752 |
877.987 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
736.360 |
709.418 |
405.029 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
297.292 |
248.334 |
472.958 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION (F) |
78.218 |
79.458 |
70.949 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F) (G) |
219.074 |
168.876 |
402.009 |
|
|
|
|
|
|
|
Less |
TAX
(H) |
110.699 |
62.262 |
-4.500 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-H)
(I) |
108.375 |
106.614 |
406.509 |
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD (K) |
348.280 |
325.550 |
271.080 |
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
Transfer to General Reserve |
10.840 |
10.660 |
9.910 |
|
|
Proposed Dividend on Cumulative Compulsorily Convertible
Preference Shares |
100.000 |
37.050 |
0.000 |
|
|
Proposed Dividend on Redeemable Cumulative Preference
Shares |
6.280 |
6.280 |
6.280 |
|
|
Proposed Dividend on Equity Shares |
19.670 |
19.670 |
23.600 |
|
|
Tax on Dividend |
21.410 |
10.220 |
4.850 |
|
|
|
|
|
|
|
|
Balance
Carried to the B/S |
298.455 |
348.280 |
325.550 |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
942.951 |
752.845 |
750.429 |
|
|
TOTAL
EARNINGS |
942.951 |
752.845 |
750.429 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
2.03 |
7.15 |
13.14 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
5.28 |
6.23 |
33.04
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
25.51 |
27.60 |
46.68
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
5.78 |
2.74 |
9.19
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.11 |
0.08 |
0.37
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.00 |
2.13 |
3.63
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
4.35 |
2.66 |
12.94 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
|
31.03.2012 |
31.03.2013 |
|
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
|
1,178.682 |
1,178.682 |
|
Reserves & Surplus |
|
941.481 |
897.826 |
|
Net
worth |
|
2,120.163 |
2,076.508 |
|
|
|
|
|
|
long-term borrowings |
|
3,950.000 |
1,972.800 |
|
Short term borrowings |
|
567.359 |
109.669 |
|
Total
borrowings |
|
4,517.359 |
2,082.469 |
|
Debt/Equity
ratio |
|
2.131 |
1.003 |
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) |
|
Revenue from operations |
861.252 |
611.824 |
858.755 |
|
|
|
(28.961) |
40.360 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Revenue from operations |
861.252 |
611.824 |
858.755 |
|
Profit/(Loss) After Tax |
406.509 |
106.614 |
108.375 |
|
|
47.20% |
17.43% |
12.62% |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG-TERM DEBT
|
Particulars |
31.03.2013 (Rs.
In Millions) |
31.03.2012 (Rs.
In Millions) |
31.03.2011 (Rs.
In Millions) |
|
|
|
|
|
|
Current maturities of long-term debt |
0.779 |
0.000 |
NA |
|
|
|
|
|
|
Total |
0.779 |
0.000 |
NA |
|
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 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 |
Yes |
|
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 |
No |
|
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 |
No |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
No |
NOTE: Registered office of the company has been
shifted from1103, Stock Exchange Tower, Dalal Street, Mumbai – 110023,
Maharashtra, India to the present address
w.e.f 01.11.2006.
UNSECURED LOAN
|
PARTICULAR |
31.03.2013 (Rs.
in Millions) |
31.03.2012 (Rs.
in Millions) |
|
SHORT TERM
BORROWINGS |
|
|
|
Intercorporate deposits |
0.000 |
500.000 |
|
|
|
|
|
Total |
0.000 |
500.000 |
|
NOTE : SHORT TERM
BORROWINGS Inter Corporate Deposit includes Inter Corporate Deposit from HDFC
Limited |
||
REVIEW OF
OPERATIONS
During the year,
the Company was engaged in expansion of various Business Activities and
indulged in the process of optimizing the available resources of the Company.
The Board is pleased to inform the Company is planning to strengthen the
operations of the Company by taking new projects of various Government
Authorities and Departments. The Board hope that the projects will enhance the
operations and increase the growth opportunities for the Company. The Company
is focusing on spheres of e-Governance, Software Development, ERP Practice and
Provision of IT Infra and Support Services.
FUTURE
OPPORTUNITIES:
E-governance in
India is steadily evolving from basic digitization of government data and
processes to actually facilitating delivery of various citizen services
on-line. A common vision and strategy is being deliberated and firmed up across
all levels of government central, state and local bodies. This approach has
huge potential in garnering cost savings, increased transparency, and
presenting a seamless view of government to citizens.
A well connected
citizen to government ecosystem has huge potential for both the partners.
Citizens will continue to enjoy speedy, transparent and convenient services,
whilst the government gets increasingly integrated into the community welfare
and more importantly is in a position to focus real time on reallocation of resources
where they are needed the most. A social transformation happens when citizens
are empowered to help themselves in dealing with various government segments,
saving time and money for all concerned and elevating overall levels of
satisfaction for common man.
The company has
been engaged in various projects in this domain of e-governance for government
agencies. The company today is standing on the threshold of contributing
meaningfully to the National e-Governance mission. It has ambitions and plans
in further designing creative solutions across a wide spectrum of industries
for the dual benefit of citizens and the government. The company continues to
invest in the core e-governance solution capabilities to address this potential
market.
As your Company
enters a key strategic period in its evolution, the years ahead will be marked
by growth in revenue and profits, whilst further strengthening our focus on
customers and delivery
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10481023 |
25/02/2014 |
337,000,000.00 |
IL&FS
FINANCIAL SERVICES LIMITED |
IL & FS
FINANCIAL CENTRE, PLOT NO C-22 G BLOCK, B |
B97798540 |
|
2 |
10461417 |
25/02/2014 * |
300,000,000.00 |
IL&FS
FINANCIAL SERVICES LIMITED |
IL & FS
FINANCIAL CENTRE, PLOT NO C-22, G BLOCK, |
B97799209 |
|
3 |
10455252 |
25/02/2014 * |
1,000,000,000.00 |
INFRASTRUCTURE
LEASING AND FINANCIAL SERVICES LIMI |
IL &FS
FINANACIAL CENTRE, PLOT NO C-22 G BLOCK, B |
B97800882 |
|
4 |
10378642 |
10/03/2014 * |
1,150,000,000.00 |
AXIS BANK
LIMITED |
SHOP NO.1- 6
& 8-10,GROUND FLOOR NINEX TIME CENTRE |
B98312846 |
|
5 |
10329854 |
25/02/2014 * |
500,000,000.00 |
IL&FS
FINANCIAL SERVICES LIMITED |
IL & FS
FINANCIAL CENTRE, PLOT NO C-22 G BLOCK, B |
B97799654 |
|
6 |
10297566 |
25/02/2014 * |
2,190,000,000.00 |
IL&FS
FINANCIAL SERVICES LIMITED |
IL & FS
FINANCIAL CENTRE, PLOT NO C-22 G BLOCK, B |
B97800247 |
Note: * Date of charge modification
FIXED ASSETS
· Other equipments
· Furniture fixtures
· Vehicle
· Computer
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 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 |
|
|
1 |
Rs.102.22 |
|
Euro |
1 |
Rs.81.02 |
INFORMATION DETAILS
|
Information
Gathered by : |
PDT |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
--- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--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 |
|
47 |
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.