MIRA INFORM REPORT

 

IDENTIFICATION DETAILS

 

Name :

PITNEY BOWES INDIA PRIVATE LIMITED

 

 

Country :

India

 

 

Financials (as on) :

31.03.2013

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

DELP10772G

 

 

PAN No.:

[Permanent Account No.]

AADCP3417C

 

 

Legal Form :

Private Limited Liability Company

 

 

No. of Employees :

Information denied by management

 

 

BUSINESS DETAILS

 

Line of Business :

Subject is engaged in the business of franking machine for eve dining payment of postage or stamp duty under license and also offers high end mail stream solution, sale spares parts for those machine besides providing after sales service.

 

 

GENERAL INFORMATION

 

No. of Employees :

Information denied by management

 

 

Bankers :

Reserve Bank of India

 

 

 

Banking Relations :

--

 

 

Auditors :

 

Name :

Love Lock and Lewes

Chartered Accountants

Address :

Building No. 8, 8th Floor, Tower B DLF Cyber City Gurgaon - 122002, Haryana, India 

PAN No.:

AABFL5878L

 

 

Holding Company :

·         Pitney Bowes International Inc., USA

 

 

Ultimate Holding company:

·         Pitney Bowes Inc.

 

 

Fellow Subsidiary company:

·         Group 1 Software Asia Pacific Pte. Limited

·         Pitney Bowes (Asia Pacific) Pte. Limited

·         Pitney Bowes Limited

·         Pitney Bowes Japan Corporation

·         Pitney Bowes Puerto Rico

·         Pitney Bowes Australia Pty Limited

 

 

Enterprises which are owned, or have significant influence of or are partners with Key management personnel and their relatives :

·         Pitney Bowes India Private Limited Employees group Gratuity Scheme

 

 

MAJOR SHAREHOLDERS

 

Names of Shareholders

 

No. of Shares

 

Pitney Bowes International Holdings Inc., USA

 

24749555

B. Williams Holding Corp., USA

 

2475

Total

 

24752030

 

 

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

99.008

99.008

99.008

(b) Reserves & Surplus

10.962

56.873

25.346

(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)

109.970

155.881

124.354

 

 

 

 

(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

0.000

0.000

0.000

(d) long-term provisions

18.242

0.000

0.212

Total Non-current Liabilities (3)

18.242

0.000

0.212

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

0.000

0.000

0.000

(b) Trade payables

116.949

40.032

47.146

(c) Other current liabilities

72.288

60.384

79.134

(d) Short-term provisions

7.663

26.087

12.016

Total Current Liabilities (4)

196.900

126.503

138.296

 

 

 

 

TOTAL

325.112

282.384

262.862

 

 

 

 

II.      ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

21.252

45.624

35.180

(ii) Intangible Assets

0.000

0.250

0.900

(iii) Capital work-in-progress

0.000

0.000

0.000

(iv) Intangible assets under development

0.000

0.000

0.059

(b) Non-current Investments

0.000

0.000

0.000

(c) Deferred tax assets (net)

21.688

11.617

12.135

(d)  Long-term Loan and Advances

2.566

3.276

2.857

(e) Other Non-current assets

0.264

0.141

1.637

Total Non-Current Assets

45.770

60.908

52.768

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

80.931

46.261

63.044

(c) Trade receivables

94.078

80.519

79.822

(d) Cash and cash equivalents

58.041

71.809

57.189

(e) Short-term loans and advances

45.401

21.810

9.969

(f) Other current assets

0.891

1.077

0.069

Total Current Assets

279.342

221.476

210.093

 

 

 

 

TOTAL

325.112

282.384

262.862

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

 

31.03.2013

31.03.2012

31.03.2011

 

SALES

 

 

 

 

 

Turnover

318.200

385.700

339.500

 

 

Other Income

NA

NA

NA

 

 

TOTAL                                    

NA

NA

NA

 

 

 

 

 

Less

EXPENSES

NA

NA

NA

 

 

 

 

 

 

PROFIT/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION

(28.884)

69.108

58.899

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION                    

27.099

14.313

11.360

 

 

 

 

 

 

PROFIT/ (LOSS) BEFORE TAX

(55.983)

54.795

47.539

 

 

 

 

 

Less

TAX                                                                 

(10.072)

23.268

17.345

 

 

 

 

 

 

PROFIT/ (LOSS) AFTER TAX

(45.911)

31.527

30.194

 

 

 

 

 

Add

PREVIOUS YEARS’ BALANCE BROUGHT FORWARD

56.873

25.346

(3.630)

 

 

 

 

 

Less

APPROPRIATIONS

 

 

 

 

 

Corporate Dividend Tax Paid

0.000

0.000

1.218

 

BALANCE CARRIED TO THE B/S

10.962

56.873

25.346

 

 

 

 

 

 

EARNINGS IN FOREIGN CURRENCY

 

 

 

 

 

Export Earnings

13.433

4.303

0.041

 

 

 

 

 

 

Earnings/ (Loss) Per Share (Rs.)

(1.85)

1.27

1.22

 

           

RATING & COMMENTS

 

MIRA’s Rating :

B (33)

 

RATING

STATUS

 

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

 

 

Payment Behaviour :

Slow but correct

 

 

Litigation :

Clear

 

 

RBI DEFAILTERS’ LIST STATUS

 

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

 

 

LOCATIONS

 

Registered/ Head Office :

45, 2nd Floor, Okhla Industrial Estate, Phase III, New Delhi - 110020

Tel. No.:

91-11-42195598

Fax No.:

91-11-42195580/ 42195505

E-Mail :

nanaiah.kalengada@pb.com

krl@del.vsnl.net.in

Website :

http://www.pitneybowes.co.in

http://www.pb.com

 

 

Southern Regional Office :

200, Peters Road, Royapettah, Chennai - 600014, Tamilnadu, India

Tel. No.:

91-44-28510877/ 28526534/ 42697090

Fax No.:

91-44-28592418

E-Mail :

tvijayraghavan@pb.com

 

 

Eastern Regional Office :

7 Red Cross Place, Kolkata - 700001, West Bengal, India

Tel. No.:

91-33-22317242/ 22489547

Fax No.:

91-33-22317242

E-Mail :

ashimkumar.bhattacharya@pb.com

 

 

Western Regional Office :

Gresham Assurance House, Sir Phirozeshah Mehta Road, (Above Grindlays Bank), Fort, Mumbai - 400001, Maharashtra, India

Tel. No.:

91-22-22640450/ 51/ 52/ 53

Fax No.:

91-22-22640454

E-Mail :

phiroze.bharucha@pb.com

 

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