MIRA INFORM REPORT

 

 

Report No. :

354214

Report Date :

12.12.2015

 

IDENTIFICATION DETAILS

 

Name :

ACCENTURE SERVICES PRIVATE LIMITED (w.e.f. 05.12.2000)

 

 

Formerly Known As :

ANDERSON CONSULTING SERVICES PRIVATE LIMITED

 

 

Registered Office :

Plant 3, Godrej and Boyce Complex, LBS Marg, Vikhroli (West), Mumbai – 400079, Maharashtra

Tel. No.:

91-22-22814000

 

 

Country :

India

 

 

Financials (as on) :

31.03.2014

 

 

Date of Incorporation :

05.07.1999

 

 

Com. Reg. No.:

11-120656

 

 

Capital Investment / Paid-up Capital :

Rs. 30.000 Million

 

 

CIN No.:

[Company Identification No.]

U74140MH1999PTC120656

 

 

IEC No.:

0301014175

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

MUMA14563D

 

 

 

PAN No.:

[Permanent Account No.]

AACCA8997K

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Providing Consulting and Outsourcing Services to its Clients. (Registered Activity)

 

 

No. of Employees :

Information declined by the Management

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Aaa (86)

 

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

 

Status :

Excellent

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

 

 

Comments :

Subject is a subsidiary of “Accenture plc” which is a multinational management consulting, technology services, and outsourcing company. The company is the world's largest consulting firm as measured by revenues and is a Fortune Global 500 company. With more than 358,000 employees serving clients in more than 200 cities in 120 countries.

 

Accenture plc ranked 374 in fortune 500 company with brand name value of USD 11,087 million and enterprise value of USD 49,694 million.

 

With respect to Indian operations, the company has achieved growth of 24.48% on net profit of Rs. 19367 million as compared to previous year net profit. The company possesses strong financial profile backed by its strong net worth base along with ample liquidity and strong debt protection indictors. 

 

Being a part of the global network, subject has access to an extensive knowledge base apart from being attuned to international quality standards and processes.

 

Rating also takes into consideration company geographically diversified business portfolio backed by its global footprints in outsourcing services and well experience management team of the Accenture group.

 

Trade relations are reported as fair. Payments are reported to be regular and as per commitment. 

 

In view of aforesaid, the company regarded as promising business partner for medium to long term business dealings.

 

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

 

 

EXTERNAL AGENCY RATING

 

NOT AVAILABLE

 

 

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 31-03-2015.

 

 

INFORMATION DECLINED

 

MANAGEMENT NON-COOPERATIVE

 

(Contact No: 91-22-22814000)

 

 

LOCATIONS

 

Registered Office :

Plant 3, Godrej and Boyce Complex, LBS Marg, Vikhroli (West), Mumbai – 400079, Maharashtra, India

Tel. No.:

91-22-22814000

Fax No.:

Not Available

E-Mail :

usha.suresh@accenture.com

Website :

http://www.accenture.com  

 

 

DIRECTORS

 

AS ON 22.08.2013

 

Name :

Mr. Avinash Vashistha

Designation :

Director

Address :

No. 268, 4th Cross, 2nd Block, RMV 2nd Stage, Bangalore-560094, Karnataka, India

Date of Birth/Age :

23.04.1961

DIN No.:

18.03.2011

 

 

Name :

Mr. Ramesh V. Ramamurthy

Designation :

Director

Address :

G – 1102, Spring Fields’s Apartments Sarjapura Road, Near Bellandur Gate, Ambalipura, Bangalore – 560 102, Karnataka, India

Date of Birth/Age :

29.07.1966

Date of Appointment :

20.01.2007

DIN No.:

01805704

 

 

Name :

Mr. Scott K. Ahlstrom

Designation :

Director

Address :

3021, Iraouois Road, Wilmette, Illinois 60091

Date of Birth/Age :

04.07.1959

Date of Appointment :

30.11.2005

DIN No.:

00364104

 

 

Name :

Ms. Rekha Mehrota Menon

Designation :

Director

Address :

133, I A Main St, Bed Layout Koramangala, Banaglore – 560034, Karanataka, India

Date of Birth/Age :

05.01.1959

Date of Appointment :

06.08.2009

DIN No.:

02768316

 

 

KEY EXECUTIVES

 

Name :

Ms. Usha Suresh

Designation :

Secretary

Address :

14, A / 11, Manish Nagar, J. P. Road, Andheri [West], Mumbai – 400053, Maharashtra, India

Date of Birth/Age :

28.07.1965

Date of Appointment :

02.08.2004

PAN No.:

AGVPS6402K

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

AS ON 22.08.2013

 

Names of Shareholders

 

No. of Shares

 

Accenture Minority I BV– Netherlands

 

83

Accenture Services Mauritius, Mauritius

 

300054

Total

 

300137

 

 

AS ON 22.08.2013

 

Equity Share Breakup

Percentage of Holding

Category

 

Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others]

100.00

Total

100.00

 

 

BUSINESS DETAILS

 

Line of Business :

Providing Consulting and Outsourcing Services to its Clients. (Registered Activity)

 

 

Products :

ITC Code No.

 

Product Descriptions

99831319

Consulting and outsourcing

 

 

Brand Names :

--

 

 

Agencies Held :

--

 

 

Exports :

Not Divulged

 

 

Imports :

Not Divulged

 

 

Terms :

Not Divulged

 

 

PRODUCTION STATUS: NOT AVAILABLE

 

 

GENERAL INFORMATION

 

Suppliers :

Reference:

Not Divulged

Name of the Person (Designation):

Not Divulged

Contact Number:

Not Divulged

Since how long known:

Not Divulged

Maximum limit dealt:

Not Divulged

Experience:

Not Divulged

Remark

Not Divulged

 

 

Customers :

Reference:

Not Divulged

Name of the Person (Designation):

Not Divulged

Contact Number:

Not Divulged

Since how long known:

Not Divulged

Maximum limit dealt:

Not Divulged

Experience:

Not Divulged

Remark

Not Divulged

 

 

No. of Employees :

Information declined by the Management

 

 

Bankers :

Bank Name:

Not Divulged

Branch:

Not Divulged

Person Name (with Designation):

Not Divulged

Contact Number:

Not Divulged

Name of Account Holder:

Not Divulged

Account Number:

Not Divulged

Account Since (Date/ Year of A/c Opening):

Not Divulged

Average Balance Maintained (Optional):

Not Divulged

Credit Facilities Enjoyed (CC/OD/Term Loan):

Not Divulged

Account Operation:

Not Divulged

Remarks:

Not Divulged

 

 

Facilities :

--

 

Banking Relations :

--

 

 

Auditors :

 

Name :

B S R and Company LLP

Chartered Accountants

Address :

KPMG  House, Kamala Mills Compound 448, Senapati Bapat Marg, Lower Parel, Mumbai-400013, Maharashtra, India

Tel. No.:

91-22-30440800

Fax No.:

91-22-30440900

Income-tax PAN of auditor or auditor's firm :

AAAFB9852F

 

 

Memberships :

--

 

 

Collaborators :

--

 

 

Holding Company:

Accenture Services Mauritius Limited

 

 

Ultimate Holding Company:

Accenture LLP

 

 

Subsidiary Companies :

·         Zenta Private Limited

·         Peninsula Capital Services Private Limited (indirectly held)

·         Sanchez Capital Services Private Limited (indirectly held)

·         Capital Consultancy Services Inc.(indirectly held)

·         Prion PLM and IT Services India Private Limited

·         Procurian India Private Limited

·         Octagon Clinical Research Solutions India Private Limited

·         Newspage India Software Services Private Limited

 

 

Associate :

·         Accenture UK Limited

·         Accenture Participant BV

·         Accenture Australia Limited

·         Accenture Global Services Limited, Ireland

·         AGS-IP

·         Zenta Mortgage Services

·         Accenture A/S

·         Accenture Saudi Arabia

·         Acn Chn Cd Brch

·         Accent Tech Soln Pte Limited

·         Accenture Technology Solu.

·         Accenture Participant B.V

 

 

Accenture group companies/ Fellow subsidiaries

·         Sistemes Consulting, S.L.

·         Accenture Branch Angola

·         Accenture S.A.

·         Accenture SC SRL

·         Argentina Delivery Center,

·         Accenture Australia, Pty Limited

·         Accenture Australia

·         Accenture Australia Holdi

·         ATS Australia

·         Avanade Australia Pty Limited

·         Procurian Aus Pty Limited

·         Accenture GmbH

·         ATS Austria

·         GPIT Limited.

·         Accenture BPM CVBA/SCRL

·         Accenture N.V.

·         Accenture Technology Solu

·         Accenture Technology Ventures SPRL

·         Avanade Belgium Sprl

·         Accenture Limited

·         ENMAX Technology – Bolivi

·         Accenture (Botswana)PtyLT

·         Accenture Automação

·         Accenture do Brasil Ltda

·         Accenture Serv.Sup.Neg.Lt

·         ACN Serv Administrativos

·         Avanade Brasil

·         BPO Serviços Administrati

·         Vivere

·         Acc.Pte Limited-Brunei Branch

·         Acquity Group Consulting CAN, Inc

·         ABSUI

·         Acc.Bus.Serv. Brit. Col. LP

·         Accenture Inc

·         Avanade Canada Inc.

·         PCO Innovation Canada Inc

·         Accenture Chile Asesorias

·         Accen Tec Sol (Dalian) Co

·         Accent.Techn. Solutions

·         Accenture (China)-BJ Brch

·         Accenture (China)-GZ Brch

·         Accenture (China)Shenzhen

·         Accenture CHN Co Limited

·         ACN (BJ) Mobile Tech Company

·         Acn Chn Cd Brch

·         Acn Chn Zb Brch

·         Avanade Guangzhou

·         Avanade GZ Beijing Branch

·         Qi Jie (BJ) Info Tech Limited

·         Accenture Ltda

·         Accenture SRL

·         Avatar 2

·         Acc Bus & Tech Serv

·         Accenture SA – Cyprus Br.

·         Accenture Central Europe

·         Accenture Services s.r.o.

·         ATS Czech Republic s.r.o

·         Accenture A/S

·         Avanade Denmark AS

·         Accenture MEBV-QFC Branch

·         Enmaxtech Ecuador S A

·         Accenture LLC

·         Accenture Oy

·         Accenture Services Oy

·         Accenture Techn.Solutions

·         Avanade Finland Oy

·         Fjord Oy

·         Pankki JP Oy

·         Acc Holdings France SAS

·         Accenture Insurance Servi

·         Accenture S.A.S.

·         Accenture Services France

·         Accenture Technology Sol.

·         Acceria

·         Accenture Post-Trade Processing SAS

·         Avanade France SAS

·         Digiplug SAS

·         Acc Serv Kreditinstitute

·         Acc Tech Solutions GmbH

·         Accenture CAS GmbH

·         Accenture Dienstlei. GmbH

·         Accenture GmbH

·         Accenture Hold GmbH & Company

·         Accenture PLM GmbH

·         Accenture Services GmbH

·         Avanade Deutschland GmbH

·         Fjord GmbH

·         PCO Innovation GmbH

·         Procurian Germany GmbH

·         Accenture Ghana Limited

·         Accenture Fin.Gib.III Limited

·         Accenture Minority III Limited

·         Accenture Combining

·         Accen. Soc. Anonyme Op.Su

·         Accenture Societe Anonyme

·         Acn Chn Th Brch

·         Accenture Co Limited

·         Accenture Tech.Solut.(HK)

·         Avanade Hong Kong Limited

·         Accenture Kft

·         PT Accenture

·         Accenture, Ireland

·         Accenture plc

·         AGS - GCP

·         AGS – IP

·         Accenture Limited

·         Accenture F&A BPO Ser.Spa

·         Accenture HR Services SpA

·         Accenture IS S.P.A.

·         Accenture Outsourcing Srl

·         Accenture S.p.A

·         Accenture Technology Solu

·         Avanade Italy Srl

·         ITACA Service S.p.A.

·         Accenture Japan Limited

·         Avanade Japan KK

·         Kazakhstan Branch

·         Accenture East Africa Limited

·         Accenture Latvija Filiale

·         Accenture (lux) sarl

·         Accenture Interna. S.ar.l

·         Accenture SCA

·         Accent. Tech. Solut. Sdn Bhd

·         Accenture Sdn Bhd

·         Accenture Solutions Sdn B

·         Avanade Malaysia

·         Accenture Mozambique

·         Accenture (Mauritius) Limited

·         Accenture Srvcs (MU) Limited

·         Accent Tech Sol SA de CV

·         Accenture S.C.

·         Operaciones Accenture

·         Servicios Tecnicos de programacion, SC

·         Acc Serv Center Morocco`

·         Accenture Morocco

·         Accent Participations B.V

·         Accent. Branch Holdings BV

·         Accent. Central Europe B.V

·         Accent. Techn. Ventures B.V

·         Accenture Holdings B.V.

·         Accenture Middle East B.V

·         Accenture Minority I B.V.

·         Part.Techn. Mexico Hold BV

·         Acc Insurance Services BV

·         Accenture B.V.

·         Avanade Netherlands BV

·         Accenture New Zealand Limited

·         Accenture, Nigeria

·         Accenture AS

·         Accenture Services A

·         Avanade Norway AS

·         Accenture Middle East Oma

·         Accenture Peru

·         Accenture Tech Solutions

·         Acc Healthcare Proces Inc

·         Acc Inc Navitaire Ops

·         Accenture Inc

·         Accenture Inc Call Center

·         Zenta Global Philippines

·         Accenture Services sp.z.o

·         Accenture sp.z.o.o.

·         Accenture Consultores de

·         ATS,S.A.

·         Accenture Puerto Rico LLC

·         Accenture Romania (CE)

·         Accenture Services S.R.L

·         Accenture LLC Russia

·         Accenture LLC Consulting

·         Accenture plc

·         Acc. MEBV Saudi Branch

·         Accenture Saudi Arabia

·         Avanade GZ (Shanghai)

·         Accent. Tech. Solut. Pte Limited

·         Accenture Pte Limited

·         Avanade Asia Pte Limited

·         Acc Tech Sol Slovak s.r.o

·         Accenture s.r.o

·         Accenture (SA) (Pty) Limited

·         Accenture Serv(S.Africa) P

·         Accenture Technology Solu

·         Avanade South Africa

·         Namibia Pty Limited

·         Accenture Korea B.V.

·         Accenture Limited

·         Accenture Techn.Solul. Limited

·         Accent Holding Iberia,S.L

·         Accenture S.L.

·         ACN HC Mgmt. Sol. S.L.

·         ACN OS Services, S.A.

·         Alnova Techn. Corporat.SL

·         Avanade Spain, S.L.U

·         Coritel S.A.

·         Customer Works Europe SL

·         Energuia Web S.A.

·         Fjord Spain

·         Neo Metrics

·         Accenture Lanka Private Limited

·         Accenture AB

·         Accenture Services AB

·         Avanade Sweden AB

·         Service Design Sweden AB

·         Acc Technology Solutions

·         Accenture AG

·         Accenture PLM AG

·         Accenture Services AG

·         ACN Supply Chain Services

·         Avanade Schweiz GmbH

·         Accenture Global Ser GmbH`

·         Accenture Holding GmbH

·         Accenture Int S.ar.l Swb

·         Accenture Co Limited

·         Accenture Solution Co Limited

·         Accenture Tech.Sol.Co Limited

·         IT One Co., Limited

·         Accenture SAS Tunisie

·         Accenture Danismanlik Limited

·         Accenture Izmir

·         Fjordnet Reklam Pazarlama

·         Accent. Federal Svcs LLC

·         Accenture LLP

·         ACN Insurance Serv LLC

·         Avanade Inc.

·         Capital Consultancy Srvcs

·         Fjord LLC

·         George Group

·         Navitaire, Inc

·         Proquire LLC

·         Radiant Services, LLC

·         Utilities Analysis,LLC

·         Zenta Mortgage Services

·         Zenta Recoveries, Inc

·         Accenture Ukraine

·         Accen.Mid. East B.V.Abu D

·         Accen.Middle East B.V Dub

·         Accent.Techn. Solut. Limited

·         Accenture (UK) Limited

·         Accenture HR Services Limited

·         Accenture Plc (Gibraltar)

·         Accenture Services Limited

·         Accenture (Azerb.) Limited

·         Avanade Europe Holdings Limited

·         Avanade Europe Services Limited

·         Avanade UK Limited

·         Concadia Limited

·         Fjord Network Limited

·         Prion UK

·         Accenture Uruguay Srl

·         Accent. Federal Svcs LLC

·         Accenture LLP

·         Proquire LLC

·         Zenta Mortgage Services

·         Accenture C.A.

·         Accenture Vietnam

·         Accenture Zambia Limited

 

 

CAPITAL STRUCTURE

 

AS ON 31.03.2014

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

1235000

Equity Shares

Rs.100/- each

Rs.123.500 Million

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

300137

Equity Shares

Rs.100/- each

Rs.30.014 Million

 

 

 

 

 

 

FINANCIAL DATA

[all figures are in Rupees Million]

 

ABRIDGED BALANCE SHEET

 

SOURCES OF FUNDS

 

31.03.2014

31.03.2013

31.03.2012

I.              EQUITY AND LIABILITIES

 

 

 

(1)Shareholders' Funds

 

 

 

(a) Share Capital

30.000

31.000

33.000

(b) Reserves & Surplus

55654.000

42844.000

36391.000

(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)

55684.000

42875.000

36424.000

 

 

 

 

(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

3372.000

2998.000

2735.000

(d) long-term provisions

4928.000

4124.000

2936.000

Total Non-current Liabilities (3)

8300.000

7122.000

5671.000

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

0.000

0.000

0.000

(b) Trade payables

4576.000

4274.000

3161.000

(c) Other current liabilities

8621.000

7783.000

6129.000

(d) Short-term provisions

6122.000

3098.000

2087.000

Total Current Liabilities (4)

19319.000

15155.000

11377.000

 

 

 

 

TOTAL

83303.000

65152.000

53472.000

 

 

 

 

II.            ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

8862.000

8578.000

8379.000

(ii) Intangible Assets

126.000

68.000

51.000

(iii) Capital work-in-progress

453.000

7.000

80.000

(iv) Intangible assets under development

0.000

0.000

0.000

(b) Non-current Investments

2534.000

2571.000

3169.000

(c) Deferred tax assets (net)

5671.000

4097.000

3021.000

(d)  Long-term Loan and Advances

6625.000

5635.000

6185.000

(e) Other Non-current assets

0.000

0.000

2.000

Total Non-Current Assets

24271.000

20956.000

20887.000

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

0.000

0.000

0.000

(c) Trade receivables

49759.000

35352.000

24612.000

(d) Cash and cash equivalents

5067.000

5264.000

5434.000

(e) Short-term loans and advances

1798.000

2312.000

1738.000

(f) Other current assets

2408.000

1268.000

801.000

Total Current Assets

59032.000

44196.000

32585.000

 

 

 

 

TOTAL

83303.000

65152.000

53472.000

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

 

31.03.2014

31.03.2013

31.03.2012

 

SALES

 

 

 

 

 

TOTAL                                    

NA

NA

NA

 

 

 

 

 

Less

EXPENSES

 

 

 

 

 

TOTAL                                    

NA

NA

NA

 

 

 

 

 

 

PROFIT BEFORE TAX

NA

NA

NA

 

 

 

 

 

Less

TAX                                                                 

NA

NA

NA

 

 

 

 

 

 

PROFIT AFTER TAX

19367.000

15558.000

12652.000

 

 

 

 

 

 

EARNINGS IN FOREIGN CURRENCY

 

 

 

 

 

Consulting and outsourcing services

NA

0.113

0.096

 

TOTAL EARNINGS

NA

0.113

0.096

 

 

 

 

 

 

IMPORTS

 

 

 

 

 

Capital Goods

NA

0.002

0.002

 

TOTAL IMPORTS

NA

0.002

0.002

 

 

 

 

 

 

Earnings Per Share (Rs.)

65211

48606

38034.31

 

 

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

 

Particulars

 

31.03.2014

31.03.2013

31.03.2012

Current Maturities of Long term debt

NA

NA

NA

 

 

 

 

Cash Generated from Operations

NA

NA

NA

 

 

 

 

Net Cash Flow from (used in) Operations

15555.000

16575.000

21508.000

 

 

KEY RATIOS

 

 

PARTICULARS

 

 

31.03.2014

31.03.2013

31.03.2012

Debt Equity Ratio

(Total Debt/Networth)

 

0.00

0.00

0.00

 

 

 

 

 

Current Ratio

(Current Asset/Current Liability)

 

3.06

2.92

2.86

 

 

FINANCIAL ANALYSIS

[all figures are in Rupees Million]

 

DEBT EQUITY RATIO

 

Particular

31.03.2012

31.03.2013

31.03.2014

 

(Rs. In Million)

(Rs. In Million)

(Rs. In Million)

Share Capital

33.000

31.000

30.000

Reserves & Surplus

36391.000

42844.000

55654.000

Money received against share warrants

0.000

0.000

0.000

Share Application money pending allotment

0.000

0.000

0.000

Net worth

36424.000

42875.000

55684.000

 

 

 

 

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

 

 

 

 

LOCAL AGENCY FURTHER INFORMATION

 

Sr. No.

Check list by info agents

Available in Report

(Yes/No)

1

Year of establishment

Yes

2

Constitution of the entity -Incorporation details

Yes

3

Locality of the entity

Yes

4

Premises details

No

5

Buyer visit details

--

6

Contact numbers

Yes

7

Name of the person contacted

No

8

Designation of contact person

No

9

Promoter’s background

Yes

10

Date of Birth of Proprietor / Partners / Directors

Yes

11

Pan Card No. of Proprietor / Partners

No

12

Voter Id Card No. of Proprietor / Partners

No

13

Type of business

Yes

14

Line of Business

Yes

15

Export/import details (if applicable)

No

16

No. of employees

No

17

Details of sister concerns

Yes

18

Major suppliers

No

19

Major customers

No

20

Banking Details

No

21

Banking facility details

Yes

22

Conduct of the banking account

--

23

Financials, if provided

Yes

24

Capital in the business

Yes

25

Last accounts filed at ROC, if applicable

Yes

26

Turnover of firm for last three years

Yes

27

Reasons for variation <> 20%

--

28

Estimation for coming financial year

No

29

Profitability for last three years

Yes

30

Major shareholders, if available

Yes

31

External Agency Rating, if available

No

32

Litigations that the firm/promoter involved in

--

33

Market information

--

34

Payments terms

No

35

Negative Reporting by Auditors in the Annual Report

No

 

 

 

 

INDEX OF CHARGES

 

S.NO.

CHARGE ID

DATE OF CHARGE CREATION/MODIFICATION

CHARGE AMOUNT SECURED

CHARGE HOLDER

ADDRESS

SERVICE REQUEST NUMBER (SRN)

1

10160076

05/06/2009

4,850,693.00

CISCO SYSTEMS CAPITAL (INDIA) PRIVATE LIMITED

2ND FLOOR, BRIGADE SOUTH PARADE, 10, M.G. ROAD,
BANGALORE- 560001, KARNATAKA, INDIA

A63132013

2

10155237

05/05/2009

9,436,484.00

CISCO SYSTEMS CAPITAL (INDIA) PRIVATE LIMITED

2ND FLOOR, BRIGADE SOUTH PARADE, 10, M.G. ROAD,
BANGALORE- 560001, KARNATAKA, INDIA

A61401303

3

10035480

18/12/2006

4,095,000,000.00

SILVER POINT FINANCE LLC

2 GREENWICH PLAZA, GREENWICH, CONNECTICUT, - 068
30, UNITED STATES OF AMERICA

A10090199

 

 

BACKGROUND

 

Subject was incorporated on 5 July 1999 as a private limited company under the Companies Act, 1956 (the Act) to enable it to provide consulting and outsourcing services to its clients. Drawing on a combination of industry expertise, functional capabilities, alliances and technology, ASPL delivers competitively priced high-value services that help clients improve business performance. The Company currently has operations in multiple cities across India.

 

 

PERFORMANCE OF THE COMPANY

 

The Company witnessed a good growth in its turnover and recorded a healthy profit during the Financial Year ended March 31, 2014.

 

 

MERGER OF SUBSIDIARIES WITH THE COMPANY

 

Octagon Clinical Research Solutions India Private Limited, Bangalore and NewsPage India Software Services Private Limited, Bangalore wholly owned subsidiaries of the Company, have been merged with the Company vide order passed by the H?ble High Court of Karnataka at Bangalore on November 21, 2013 and the Effective Date of the merger is December 01, 2013.

 

Prion PLM and IT Services (India) Private Limited, Bangalore a wholly owned subsidiary of the Company, has been merged with the Company vide order passed by the H?ble High Court of Karnataka at Bangalore on April 25, 2014 and the Effective Date of the merger is June 02, 2014.

 

 

CONTINGENT LIABILITIES:

 

Particulars

31.03.2014

(Rs. In Million)

31.03.2013

(Rs. In Million)

Estimated amount of contracts remaining to be executed on capital account and not provided for (net of advances)

563.000

496.000

Taxation matters under dispute (#)

7093.000

7508.000

 

 

 

Total

7656.000

8004.00

 

 

(#) Taxation matters comprise various matters being contested with the relevant tax authorities. In respect of demands from authorities, the Company has so far paid Rs 2,217 (2013: Rs 1,698) to Income tax authorities for fiscal year 2002 to 2010 and Rs 53 (2013: Rs 53) to Sales tax authorities in respect of matters pertaining to fiscal year 2004 to 2010 and Rs 2 (2013: Rs 2) to Profession Tax authorities in respect of matters pertaining to fiscal year 2007-08. The Company is contesting these demands/ matters and management believes that the position will be upheld in the appellate process.

 

(#) The Company has received orders under Section 201 of the Income tax Act, 1961 with respect to TDS based on discrepancies found in the data available with the Income tax department till AY 2012-13 for Rs 2,453 (2013: Rs 2,302). The management has reviewed the demand and believes that it is factually erroneous and has filed rectification applications along with appeals to contest the same. The Company is confident that its position will be upheld in the appellate process. Accordingly, the same has not been provided for.

 

 

FIXED ASSETS:

 

Tangible Assets

 

·         Furniture and Fixtures

·         Vehicles

·         Office Equipment

·         Computer Equipments

·         Leasehold Improvements

 

 

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 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. 66.79

UK Pound

1

Rs. 101.37

Euro

1

Rs. 73.46

 

 

INFORMATION DETAILS

 

Information Gathered by :

NYA

 

 

Analysis Done by :

KAR

 

 

Report Prepared by :

IND

 

 

SCORE & RATING EXPLANATIONS

 

SCORE FACTORS

 

RANGE

POINTS

HISTORY

1~10

9

PAID-UP CAPITAL

1~10

9

OPERATING SCALE

1~10

10

FINANCIAL CONDITION

 

 

--BUSINESS SCALE

1~10

10

--PROFITABILIRY

1~10

10

--LIQUIDITY

1~10

9

--LEVERAGE

1~10

9

--RESERVES

1~10

10

--CREDIT LINES

1~10

10

--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

 

86

 

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.