MIRA INFORM REPORT
|
Report No. : |
333430 |
|
Report Date : |
24.07.2015 |
IDENTIFICATION DETAILS
|
Name : |
SONATA INFORMATION TECHNOLOGY LIMITED |
|
|
|
|
Registered
Office : |
No.208, T.V. Industrial Estate, K. Ahire Marg, Worli, Mumbai – 400030,
|
|
Tel. No.: |
91-22-24943055 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
29.06.2000 |
|
|
|
|
Com. Reg. No.: |
11-127476 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 33.754 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U72300MH2000PLC127476 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAECS8734J |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Distributor of packaged software. |
|
|
|
|
No. of Employees
: |
200 (Approximately) |
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 |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Exist |
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|
|
|
Comments : |
Subject is a subsidiary of “SONATA SOFTWARE LIMITED”. It is a
well-established company having fine track record. For the financial year ended 2014, company possesses healthy
operational risk profile and it has achieved sales turnover of Rs. 10871.900
Million with profit of Rs. 192.600 Million along with a profit of Rs. 94.400
Million. Company possesses healthy financial risk profile marked by adequate
profitability margins and zero debt balance sheet along with healthy net
worth base of the company. Rating also takes into consideration strong financial and managerial
support that company receives from its holding company. Trade relations are reported as fair. Payment terms are reported to be
regular and as per commitment. In view of strong holding company support along with healthy financial
base, the company can be considered good for normal and 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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long Term Rating = A- |
|
Rating Explanation |
Adequate degree of safety and low credit risk. |
|
Date |
March 13, 2015 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Rating = A2+ |
|
Rating Explanation |
Strong degree of safety and low credit risk |
|
Date |
March 13, 2015 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAILTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2013.
INFORMATION PARTED BY
|
Name : |
Mr. M Arunachalam |
|
Designation : |
Finance Controller |
|
Contact No.: |
91-80-677819999 |
|
Date : |
24.07.2015 |
LOCATIONS
|
Registered Office : |
No.208, T.V. Industrial Estate, K. Ahire Marg, Worli, Mumbai – 400030, Maharashtra, India |
|
Tel. No.: |
91-22-24943055 |
|
Fax No.: |
91-22-24936973 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate/ Branch Office 2 : |
APS Trust Building, Bull Temple Road, N. R. Colony, Bangalore –
560019, Karnataka, India |
|
Tel. No.: |
91-80-30971999 |
|
Fax No.: |
91-80-26610972 |
|
E-Mail : |
|
|
|
|
|
Branch Office 3 : |
New Delhi 24, I Floor, Okhla, Industrial Estate, Phase – III, New Delhi -
110020, India |
|
Tel. No.: |
91-11-26932411-16/ 47779777 |
|
Fax No.: |
91-11-26932420/ 47779799 |
|
E-Mail : |
|
|
|
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|
Branch Office 4 : |
Hyderabad No.1-10-176, Begumpet Main Road, Opposite Hyd. Public School,
Hyderabad - 500016, Andhra Pradesh, India
|
|
Tel. No.: |
91-40-27782000/ 27764801/ 39813899 |
|
Fax No.: |
91-40-27764831 |
|
E-Mail : |
|
|
|
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|
Branch Office 5 : |
Kolkata Suite # N-215, Ideal Plaza, 11/1, Sarat Bose Road, Kolkata - 700020,
West Bengal, India |
|
Tel. No.: |
91-33-22891202-04 |
|
Fax No.: |
91-33-22891207 |
|
E-Mail : |
|
|
|
|
|
Branch Office 6 : |
Chennai C, I Floor, Ali Towers, No.55, Greames Road, Chennai - 600006,
Tamilnadu, India |
|
Tel. No.: |
91-44-28290552/ 28291707 |
|
Fax No.: |
91-44-28291708 |
|
E-Mail : |
|
|
|
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|
Branch Office 7 : |
Pune 127/1, Flat No.2, Above Vidya Sahakari Bank, Next to Hotel Sarjaa, Sanewadi,
Aundh, Pune - 411007, Maharashtra, India |
|
Tel. No.: |
91-20-25887045/ 25883406 |
|
Fax No.: |
91-20-25883406 |
|
E-Mail : |
DIRECTORS
AS ON 11.08.2014
|
Name : |
Mr. Srikar Palem Reddy |
|
Designation : |
Director |
|
Address : |
306, Raheja Mansion, 13, Milton Street Cooke Town, Bangalore – 560005, Karnataka, India |
|
Date of Birth/Age : |
30.05.1958 |
|
Qualification: |
Degree in Engineering (Electrical) and PGDBM (IIM) |
|
Date of Appointment : |
29.06.2000 |
|
PAN No.: |
AAJPR9128H |
|
DIN No.: |
00001401 |
|
|
|
|
Name : |
Mr. Sujit Mohanty |
|
Designation : |
Whole-time Director |
|
Address : |
Flat # E 503, Fifth Floor, Block E, Sterling Terraces, No.3, 100 Ft Ring Road, Banashankari IIIrd Stage, Bangalore – 560085, Karnataka, India |
|
Date of Birth/Age : |
22.12.1966 |
|
Qualification: |
Master Degree in Business Administration from XIMB |
|
Date of Appointment : |
29.06.2000 |
|
PAN No.: |
AAIPM7964R |
|
DIN No.: |
00001404 |
|
|
|
|
Name : |
Mr. Brijendra Kumar Syngal |
|
Designation : |
Director |
|
Address : |
218, Mandakini Enclave, Alaknanda, New Delhi – 110019, India |
|
Date of Birth/Age : |
14.06.1940 |
|
Qualification: |
B. Tech (Hons.) and M. Tech degree from IIT Kharagpur, C. En g (UK) , M.I.E.E.(UK), Sr. M.I.E.E.E. (USA) and F.I.E.T.E (India) |
|
Date of Appointment : |
17.01.2005 |
|
Voter ID No.: |
NEC1379353 |
|
DIN No.: |
00002395 |
|
|
|
|
Name : |
Mr. Narayanan Venkataraman |
|
Designation : |
Director |
|
Address : |
D-902, Brigade Millennium, Laburnum Block, J.P. Nagar, 7th Phase, Puttenahalli, Bangalore – 560078, Karnataka, India |
|
Date of Birth/Age : |
29.04.1971 |
|
Qualification: |
CA |
|
Date of Appointment : |
09.07.2012 |
|
DIN No.: |
01856347 |
KEY EXECUTIVES
|
Name : |
Ms. Feroza Noshir Byramji |
|
Designation : |
Company Secretary |
|
Address : |
#301, Hilla Towers, Dr. S. S. Rao Road, Lalbaug, Mumbai – 400012, Maharashtra,
India |
|
Date of Birth/Age : |
30.12.1963 |
|
Date of Appointment : |
11.10.2003 |
|
PAN No.: |
AHQPB6905N |
|
Voter ID No.: |
SOK1626829 |
|
|
|
|
Name : |
Mr. M Arunachalam |
|
Designation : |
Finance Controller |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 11.08.2014
|
Names of Shareholders |
|
No. of Shares |
|
B. Ramaswamy |
|
100 |
|
P. Srikar Reddy |
|
100 |
|
Sujit Mohanty |
|
100 |
|
P V S N Raju |
|
100 |
|
Sonata Software Limited, India |
|
3374694 |
|
R. Sathyanarayana |
|
100 |
|
Mohan Muthuraj A R |
|
100 |
|
Priya Manoj Jaswani |
|
100 |
|
|
|
|
|
Total |
|
3375394 |
Equity Share Break up (Percentage of Total Equity)
AS ON 11.08.2014
|
Category |
Percentage |
|
Bodies corporate |
99.98 |
|
Directors or relatives of Directors |
0.02 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Distributor of packaged software. |
|
|
|
|
Products : |
Not Divulged |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
|
|
|
|
|
Exports : |
Not Divulged |
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|
|
|
Imports : |
Not Divulged |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit (30/60/90 days) |
|
|
|
|
Purchasing : |
Cash and Credit (30/60/90 days) |
GENERAL INFORMATION
|
Suppliers : |
Not Divulged
|
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||||||||||||||||||||||
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Customers : |
Not Divulged
|
||||||||||||||||||||||
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||||||||||||||||||||||
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No. of Employees : |
200 (Approximately) |
||||||||||||||||||||||
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|
||||||||||||||||||||||
|
Bankers : |
|
|
Auditors : |
|
|
Name : |
Deloitte Haskins and Sells Chartered Accountants |
|
Address : |
Deloitte Centre, Anchorage II, 100/2 Richmond Road, Bangalore - 560025, Karnataka, India |
|
PAN No.: |
AACFD3771D |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Holding Company : |
Sonata Software Limited |
CAPITAL STRUCTURE
AS ON 11.08.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000000 |
Equity Shares |
Rs.10/- each |
Rs. 100.000 Million |
|
|
|
|
|
Issued Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
600700 |
Equity Shares |
Rs.10/- each |
Rs. 60.007
Million |
|
|
|
|
|
Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3375394 |
Equity Shares |
Rs.10/- each |
Rs. 33.754
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 |
33.754 |
33.754 |
33.754 |
|
(b) Reserves & Surplus |
542.710 |
409.324 |
314.922 |
|
(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) |
576.464 |
443.078 |
348.676 |
|
|
|
|
|
|
(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 |
0.441 |
0.000 |
22.304 |
|
Total Non-current
Liabilities (3) |
0.441 |
0.000 |
22.304 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
0.000 |
280.000 |
486.838 |
|
(b) Trade payables |
1540.007 |
1304.809 |
1341.365 |
|
(c) Other
current liabilities |
244.131 |
141.637 |
149.612 |
|
(d) Short-term
provisions |
13.614 |
5.388 |
0.488 |
|
Total Current
Liabilities (4) |
1797.752 |
1731.834 |
1978.303 |
|
|
|
|
|
|
TOTAL |
2374.657 |
2174.912 |
2349.283 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
5.485 |
5.423 |
4.089 |
|
(ii)
Intangible Assets |
0.000 |
0.018 |
0.063 |
|
(iii) Capital
work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
7.095 |
9.874 |
6.877 |
|
(d) Long-term Loan and Advances |
405.465 |
993.028 |
1003.442 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
418.045 |
1008.343 |
1014.471 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.058 |
0.000 |
0.000 |
|
(b)
Inventories |
12.079 |
7.920 |
336.530 |
|
(c) Trade
receivables |
1330.948 |
818.748 |
736.116 |
|
(d) Cash
and cash equivalents |
374.233 |
102.142 |
99.659 |
|
(e)
Short-term loans and advances |
231.828 |
220.800 |
151.533 |
|
(f) Other
current assets |
7.466 |
16.959 |
10.974 |
|
Total
Current Assets |
1956.612 |
1166.569 |
1334.812 |
|
|
|
|
|
|
TOTAL |
2374.657 |
2174.912 |
2349.283 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
10848.189 |
9777.346 |
7935.167 |
|
|
|
Other Income |
17.970 |
(17.312) |
71.247 |
|
|
|
TOTAL |
10866.159 |
9760.034 |
8006.414 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchases of Stock-in-Trade |
10061.121 |
8595.599 |
7691.605 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
(4.158) |
328.610 |
(314.476) |
|
|
|
Employees benefits expense |
394.318 |
417.309 |
271.960 |
|
|
|
Other expenses |
131.280 |
195.210 |
327.296 |
|
|
|
Exceptional items |
(68.375) |
0.000 |
0.000 |
|
|
|
TOTAL |
10514.186 |
9536.728 |
7976.385 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
351.973 |
223.306 |
30.029 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
47.706 |
118.789 |
125.213 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
304.267 |
104.517 |
(95.184) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
2.656 |
1.710 |
1.095 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
301.611 |
102.807 |
(96.279) |
|
|
|
|
|
|
|
|
|
Less |
TAX |
108.990 |
8.406 |
1.105 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
192.621 |
94.401 |
(97.384) |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
383.071 |
288.670 |
386.054 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
575.692 |
383.071 |
288.670 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
103.430 |
317.358 |
207.413 |
|
|
TOTAL EARNINGS |
103.430 |
317.358 |
207.413 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
5649.177 |
6406.044 |
3718.562 |
|
|
|
Capital Goods |
1.275 |
0.000 |
0.000 |
|
|
TOTAL IMPORTS |
5650.452 |
6406.044 |
3718.562 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
57.07 |
27.97 |
(28.85) |
|
Expected Sales (2014-15): Rs. 12000.000 Million
The above information has been parted by Mr. M. Arunachalam (Finance
Controller)
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) operation |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
1.78 |
0.97 |
(1.23) |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
3.24 |
2.28 |
0.38 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
12.74 |
4.75 |
(4.11) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.52 |
0.23 |
(0.28) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.00 |
0.63 |
1.40 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.09 |
0.67 |
0.67 |
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 |
33.754 |
33.754 |
33.754 |
|
Reserves & Surplus |
314.922 |
409.324 |
542.710 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
348.676 |
443.078 |
576.464 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
486.838 |
280.000 |
0.000 |
|
Current Maturities of Long
Term Debt |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
486.838 |
280.000 |
0.000 |
|
Debt/Equity
ratio |
1.396 |
0.632 |
0.000 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
7935.167 |
9777.346 |
10848.189 |
|
|
|
23.215 |
10.952 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
7935.167 |
9777.346 |
10848.189 |
|
Profit |
(97.384) |
94.401 |
192.621 |
|
|
(1.23%) |
0.97% |
1.78% |
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 |
Yes |
|
8 |
Designation of contact person |
Yes |
|
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 |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
No |
|
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 |
Yes |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
Yes |
|
32 |
Litigations that the firm/promoter
involved in |
Yes |
|
33 |
Market information |
----- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
LITIGATION DETAILS
|
HIGH COURT OF
BOMBAY |
|
CASE DETAILS BENCH: BOMBAY |
|
Presentation
Date:- 11/11/2014 |
|
Lodging No:
ITXAL/1947/2014 Filing Date:
11/11/2014 Reg. No.:
ITXA/127/2015 Reg. Date: 22/01/2015 |
|
Petitioner: COMMISSIONER OF INCOME TAX Respondent: M/S. SONATA
INFORMATION
TECHONOLOGIES LIMITED Petn. Adv : SHRI. A.R. MALHOTRA
(I3164)
District: MUMBAI |
|
Bench: DIVISION Status: Pre-Admission
Category: TAX APPEALS Next Date: 24/07/2015
Stage: Coram: ACCORDING TO SITTING LIST ACCORDING TO SITTING LIST |
|
Act: Income Tax Act, 1961 UNDER SECTION:260 A |
CORPORATE INFORMATION
Sonata Information Technology Limited (SITL or the Company) is a Company registered in India with its registered office at Mumbai and operationally headquartered at Bangalore. SITL is a wholly owned subsidiary of Sonata Software Limited and is primarily engaged in the business of providing information technology solutions, software development services and re-selling products of reputed companies such as Microsoft, IBM and Oracle , etc. to its customers in India and the Asia Pacific region.
BUSINESS REVIEW
The Company has posted encouraging results for the year that ended on 31st March, 2014.
They have been able to show a good growth as a result of focusing on customer quality, tighter credit reviews and focus on new technology products like cloud, analytics, Big data appliance, etc.
The Company has reported all time high revenues of Rs.1087 crores in the financial year under review with a growth of 11% in revenues, 57% growth in EBIDTA (including exceptional income of 6.83 crores) and a growth of 104% in PAT. During the year, we received an Income-Tax refund of Rs.63.60 crores including an Interest of Rs.6.83 crores. This business had in earlier years faced certain industry typical Income-Tax
UNSECURED LOAN
|
Particulars |
As
on 31.03.2014 |
As
on 31.03.2013 |
|
SHORT TERM BORROWING |
|
|
|
Intercorporate borrowings |
0.000 |
280.000 |
|
Total |
0.000 |
280.000 |
|
|
|
|
INDEX
OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10567204 |
10/04/2015 |
430,000,000.00 |
Standard Chartered Bank |
NO.112, SERENITY, KORAMANGALA INDUSTRIAL AREA, 5TH BLOCK, KORAMANGALA, BANGALORE, Karnataka - 560095, INDIA |
C52503596 |
|
2 |
10554489 |
18/12/2014 |
400,000,000.00 |
HDFC BANK LIMITED |
CORPORATE BANKING, 8/24 SALCO CENTRE, RICHMOND ROAD, BANGALORE, Karnataka - 560025, INDIA |
C46363867 |
|
3 |
10538561 |
12/03/2015 * |
500,000,000.00 |
YES BANK LIMITED |
Prestige Obelisk, Kasturba Road, Bangalore, Karnataka - 560001, INDIA |
C49571268 |
|
4 |
10521792 |
28/08/2014 |
250,000,000.00 |
ICICI BANK LIMITED |
Corporate Banking
Group, 4th Floor North Towers, Maharashtra - 400051, INDIA |
C22227284 |
|
5 |
80052004 |
10/04/2015 * |
1,250,000,000.00 |
Standard Chartered Bank |
NO.112, SERENITY, KORAMANGALA INDUSTRIAL AREA, 5TH BLOCK, KORAMANGALA, BANGALORE, Karnataka - 560095, INDIA |
C52502929 |
* Date of charge modification
FIXED ASSETS
- Plant and
Equipments
- Furniture and
Fixture
- Office
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. 63.17 |
|
UK Pound |
1 |
Rs. 99.57 |
|
Euro |
1 |
Rs. 69.63 |
INFORMATION DETAILS
|
Information Gathered
by : |
PPT |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
JYO |
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 |
|
--PROFITABILITY |
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 |
YES |
|
--LITIGATION |
YES/NO |
YES |
|
--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 |
-- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.