IRA INFORM REPORT
|
Report No. : |
328850 |
|
Report Date : |
23.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
ZENSAR TECHNOLOGIES LIMITED |
|
|
|
|
Registered
Office : |
Zensar Knowledge Park, Kharadi Plot No.4, MIDC Off Nagar Road, Pune – 411014,
Maharashtra |
|
Tel. No.: |
91-20-66074000 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2015 |
|
|
|
|
Date of
Incorporation : |
29.03.1963 |
|
|
|
|
Com. Reg. No.: |
11-012621 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 443.268 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
L72200PN1963PLC012621 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
PNEZ01771A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACF0742K |
|
|
|
|
Legal Form : |
A Public Limited Liability Company. The Company’s Shares are Listed on
the Stock Exchanges. |
|
|
|
|
Line of Business
: |
Providing Technology and Software Services. |
|
|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
Aa (76) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Exist |
|
|
|
|
Comments : |
Subject is a well-established company
having fine track record. The rating reflects company’s healthy financial risk profile marked by
adequate liquidity position and decent profitability margins of the company. Trade relations are reported as fair.
Business is active. Payments are reported to be regular and as per
commitment. The company can be considered good for normal business dealings at
usual trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
Fund Based Limit = AA |
|
Rating Explanation |
High degree of safety and very low credit risk. |
|
Date |
September 2014. |
|
Rating Agency Name |
ICRA |
|
Rating |
Non-Fund Based Limit = A1+ |
|
Rating Explanation |
Very strong degree of safety and carry lowest credit risk. |
|
Date |
September 2014. |
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 DENIED
Management non co-operative (Tel. No.: 91-20-66074000)
LOCATIONS
|
Registered Office : |
Zensar Knowledge Park, Kharadi Plot No. 4, MIDC Off Nagar Road, Pune –
411014, Mahrashtra, India |
|
Tel. No.: |
91-20-6674000 |
|
Fax No.: |
Not Available |
DIRECTORS
AS ON 31.03.2015
|
Name : |
Venkatesh Kasturirangan |
|
Designation : |
Director |
|
|
|
|
Name : |
P K Mohapatra |
|
Designation : |
Director |
|
|
|
|
Name : |
Ganesh Natarajan |
|
Designation : |
Vice Chairman and Managing Director |
|
|
|
|
Name : |
H V Goenka |
|
Designation : |
Chairman |
|
|
|
|
Name : |
Arvind Agrawal |
|
Designation : |
Director |
|
|
|
|
Name : |
A T Vaswani |
|
Designation : |
Director |
|
|
|
|
Name : |
John Levack |
|
Designation : |
Director |
|
|
|
|
Name : |
P K Choksey |
|
Designation : |
Director |
|
|
|
|
Name : |
Madhabi Puri Buch |
|
Designation : |
Director |
KEY EXECUTIVES
|
Name : |
Ganesh Nataranjan |
|
Designation : |
Chief Executive Officer |
|
|
|
|
Name : |
Vivek Gupta |
|
Designation : |
Chief Executive, Global Infrastructure Management Services |
|
|
|
|
Name : |
Nitin Parab |
|
Designation : |
Chief Executive, Enterprise Transformation Services |
|
|
|
|
Name : |
S. Balasubramaniam |
|
Designation : |
Chief Financial Officer |
|
|
|
|
Name : |
Ajay Bhandari |
|
Designation : |
Chief Corporate Development Officer |
|
|
|
|
Name : |
Prameela Kalive |
|
Designation : |
HR, Custom Applications, Pune and Bangalore Delivery Centre Head |
|
|
|
|
Name : |
Deepanjan Banerjee |
|
Designation : |
Manufacturing Vertical Head |
|
|
|
|
Name : |
Mohan Hastak |
|
Designation : |
Insurance, Banking and Financial Services Vertical Head |
|
|
|
|
Name : |
Harish Gala |
|
Designation : |
Package Applications and Hyderabad Delivery Centre Head |
|
|
|
|
Name : |
Stacey Shulman |
|
Designation : |
Retail Vertical Head |
|
|
|
|
Name : |
Krishna Kumar |
|
Designation : |
Retail Practice Head |
|
|
|
|
Name : |
Krishna Ramaswami |
|
Designation : |
Digital Enterprise and India Head |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 31.03.2015
|
Category of
Shareholder |
No. of Shares |
% of Holdings |
|
(A) Shareholding
of Promoter and Promoter Group |
||
|
|
|
|
|
|
774 |
0.00 |
|
|
20099092 |
45.34 |
|
|
20099866 |
45.34 |
|
|
|
|
|
|
1030922 |
2.33 |
|
|
1030922 |
2.33 |
|
Total
shareholding of Promoter and Promoter Group (A) |
21130788 |
47.67 |
|
(B) Public
Shareholding |
||
|
|
|
|
|
|
222310 |
0.50 |
|
|
10179 |
0.02 |
|
|
1500 |
0.00 |
|
|
5771901 |
13.02 |
|
|
6005890 |
13.55 |
|
|
|
|
|
|
1043663 |
2.35 |
|
|
|
|
|
|
4234419 |
9.55 |
|
|
1252453 |
2.83 |
|
|
10659561 |
24.05 |
|
|
10301294 |
23.24 |
|
|
358267 |
0.81 |
|
|
17190096 |
38.78 |
|
Total Public
shareholding (B) |
23195986 |
52.33 |
|
Total (A)+(B) |
44326774 |
100.00 |
|
(C) Shares held
by Custodians and against which Depository Receipts have been issued |
|
|
|
|
0 |
0.00 |
|
|
0 |
0.00 |
|
|
0 |
0.00 |
|
Total
(A)+(B)+(C) |
44326774 |
0.00 |
Shareholding of securities (including shares, warrants,
convertible securities) of persons belonging to the category Promoter and
Promoter Group
|
Sl.No. |
Name of the
Shareholder |
Details of Shares held |
|
|
No. of Shares held |
As a % of grand total (A)+(B)+(C) |
||
|
1 |
Swallow Associates LLP |
1,20,48,606 |
27.18 |
|
2 |
Summit Securities Limited |
47,63,576 |
10.75 |
|
3 |
Instant Holdings Limited |
30,96,800 |
6.99 |
|
4 |
Pedriano Investments Limited |
10,30,922 |
2.33 |
|
5 |
Instant Holdings Limited |
1,10,019 |
0.25 |
|
6 |
Chattarpati Investments Limited |
45,700 |
0.10 |
|
7 |
Swallow Associates LLP |
34,391 |
0.08 |
|
8 |
Harsh Vardhan Goienka |
774 |
0.00 |
|
|
Total |
2,11,30,788 |
47.67 |
Shareholding of securities (including shares, warrants,
convertible securities) of persons belonging to the category Public and holding
more than 1% of the total number of shares
|
Sl. No. |
Name of the
Shareholder |
No. of Shares held |
Shares as % of Total No. of Shares |
|
|
1 |
Electra Partners Mauritius Limited |
10301294 |
23.24 |
|
|
2 |
Fidelity Management and Research Company A/c |
3500000 |
7.90 |
|
|
3 |
Ganesh Natarajan |
517764 |
1.17 |
|
|
4 |
Fidelity Puritan Trust-Fidelity Low-Priced |
800000 |
1.80 |
|
|
|
Total |
15119058 |
34.11 |
Shareholding of securities (including shares, warrants,
convertible securities) of persons (together with PAC) belonging to the category
“Public” and holding more than 5% of the total number of shares of the company
|
Sl. No. |
Name(s) of the
shareholder(s) and the Persons Acting in Concert (PAC) with them |
No. of Shares |
Shares as % of
Total No. of Shares |
|
|
1 |
Electra Partners Mauritius Limited |
10301294 |
23.24 |
|
|
2 |
Fidelity Management and Research Company A/c |
3500000 |
7.90 |
|
|
|
Total |
13801294 |
31.14 |
BUSINESS DETAILS
|
Line of Business : |
Providing Technology and Software Services. |
|
|
|
|
Products : |
Not Divulged |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
Not Divulged |
|
|
|
|
Terms : |
Not Divulged |
GENERAL INFORMATION
|
Suppliers : |
Not Divulged
|
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|
|||||||||||||||
|
Customers : |
Not Divulged
|
|||||||||||||||
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|
|||||||||||||||
|
No. of Employees : |
Information declined by the management |
|||||||||||||||
|
|
|
|||||||||||||||
|
Bankers : |
|
|||||||||||||||
|
|
|
|||||||||||||||
|
Facilities : |
(Rs.
In Million)
|
|
Auditors : |
|
|
Name : |
Price Waterhouse Chartered Accountants |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Subsidiaries : |
|
CAPITAL STRUCTURE
AS ON 31.03.2015
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
47500000 |
Equity Shares |
Rs.10/- each |
Rs. 475.000 Million |
|
250000 |
Preference Shares |
Rs. 100/- each |
Rs. 25.000 Million |
|
|
Total |
|
Rs. 500.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
44326774 |
Equity Shares |
Rs.10/- each |
Rs. 443.268 Million |
|
|
|
|
|
Reconciliation of
the shares outstanding as at the beginning and at the end of the year
|
Equity Shares |
Number
of Shares |
Rs. In Millions |
|
At the beginning of the year |
43767494 |
437.675 |
|
Add: Shares issued on exercise of Employee Stock Options |
559280 |
5.593 |
|
Outstanding at
the end of the year |
4432677.400 |
443.268 |
Terms/Rights attached
to Equity Shares
The Company has only one class of equity shares having a par
value of Rs. 10 per share. Each holder of equity shares is entitled to one vote
per share. The Company declares and pays dividends in Indian rupees. The
dividend proposed by the Board of Directors is subject to the approval of the
shareholders in the ensuing Annual General Meeting.
In the event of liquidation of the Company, the holder of equity shares will be entitled to receive any of the remaining assets of the Company, after distribution of all preferential amounts. However, no such preferential amounts exist currently. The distribution will be in proportion to the number of equity shares held by the shareholders.
The board of directors in their meeting on January 19, 2015 declared an interim dividend of Rs. 4.50 per equity share. The board of directors in their meeting on April 28 2015, proposed the final dividend of Rs. 6.50 per equity share. The total dividend appropriation for the year ended March 31, 2015 amounted to Rs. 580.048 Million including corporate dividend tax of Rs. 94.073 Million.
Details of shares
held by shareholders holding more than 5% of the aggregate shares in the Company
|
Name of
Shareholder |
% of Holdings |
Number
of Shares |
|
Electra Partners Mauritius Limited |
23.24 |
10301294 |
|
Summit Securities Limited |
10.75 |
4763576 |
|
Fidelity Management and Research Company |
7.90 |
3500000 |
|
Swallow Associates LLP* |
27.26 |
12082997 |
|
Instant Holdings Limited |
7.24 |
3206819 |
Aggregate number of
bonus shares issued, shares issued for consideration other than cash and shares
bought back during the period of five years immediately preceding 31st March,
2015.
|
Particulars |
Number
of Shares |
|
Equity shares
alloted as fully paid bonus shares by capitalisation of profits transferred
from General Reserve |
21589818 |
|
Equity shares bought
back by the company by utilisation of Securities Premium Account and General
Reserve |
- |
AS ON 23.07.2014
Authorised Capital : Rs. 443.358 Million
Issued, Subscribed & Paid-up Capital : Rs. 443.358
Million
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF
FUNDS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
443.268 |
437.675 |
435.810 |
|
(b) Reserves & Surplus |
7260.364 |
6004.956 |
4653.748 |
|
(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) |
7703.632 |
6442.631 |
5089.558 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
14.949 |
26.810 |
31.786 |
|
(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 |
121.427 |
85.561 |
80.105 |
|
Total Non-current
Liabilities (3) |
136.376 |
112.371 |
111.891 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade
payables |
198.490 |
203.946 |
232.464 |
|
(c) Other
current liabilities |
540.640 |
467.113 |
408.354 |
|
(d) Short-term
provisions |
576.692 |
372.849 |
270.991 |
|
Total Current
Liabilities (4) |
1315.822 |
1043.908 |
911.809 |
|
|
|
|
|
|
TOTAL |
9155.830 |
7598.910 |
6113.258 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
774.941 |
729.629 |
790.796 |
|
(ii)
Intangible Assets |
251.425 |
99.961 |
64.392 |
|
(iii) Capital
work-in-progress |
5.558 |
2.797 |
7.720 |
|
(iv)
Intangible assets under development |
7.899 |
17.910 |
16.915 |
|
(b) Non-current Investments |
71.561 |
96.580 |
109.132 |
|
(c) Deferred tax assets (net) |
91.343 |
175.958 |
124.227 |
|
(d) Long-term Loan and Advances |
401.238 |
243.629 |
172.245 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
1603.965 |
1366.464 |
1285.427 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
931.242 |
1478.465 |
417.366 |
|
(b)
Inventories |
0.000 |
0.000 |
0.000 |
|
(c) Trade
receivables |
4513.722 |
2745.468 |
2307.095 |
|
(d) Cash
and cash equivalents |
515.947 |
566.187 |
534.200 |
|
(e)
Short-term loans and advances |
490.705 |
395.059 |
511.067 |
|
(f) Other
current assets |
1100.249 |
1047.267 |
1058.103 |
|
Total
Current Assets |
7551.865 |
6232.446 |
4827.831 |
|
|
|
|
|
|
TOTAL |
9155.830 |
7598.910 |
6113.258 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
10799.318 |
9203.616 |
8376.655 |
|
|
|
Other Income |
207.944 |
416.545 |
346.494 |
|
|
|
TOTAL |
11007.262 |
9620.161 |
8723.149 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Employees benefits expense |
5771.487 |
4689.086 |
4573.648 |
|
|
|
Other expenses |
2362.071 |
2041.297 |
2162.289 |
|
|
|
TOTAL |
8133.558 |
6730.383 |
6735.937 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
2873.704 |
2889.778 |
1987.212 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
11.516 |
14.830 |
8.784 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
2862.188 |
2874.948 |
1978.428 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
327.643 |
295.303 |
268.562 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
2534.545 |
2579.645 |
1709.866 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
703.400 |
707.410 |
494.605 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
1831.145 |
1872.235 |
1215.261 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Stores & Spares |
NA |
5.515 |
4.394 |
|
|
|
Capital Goods |
NA |
35.770 |
48.116 |
|
|
TOTAL IMPORTS |
NA |
41.285 |
52.510 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
41.69 |
42.88 |
27.77 |
|
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
1930.464 |
2220.125 |
1809.923 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Net Profit Margin
(PAT / Sales) |
(%) |
16.96 |
20.34 |
14.51 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
26.61 |
31.40 |
23.72 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
28.23 |
35.31 |
29.20 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.33 |
0.40 |
0.34 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.00 |
0.00 |
0.01 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
5.74 |
5.97 |
5.29 |
STOCK
PRICES
|
Face Value |
Rs. 10.00/- |
|
Market Value |
Rs. 684.65/- |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
435.810 |
437.675 |
443.268 |
|
Reserves & Surplus |
4653.748 |
6004.956 |
7260.364 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
5089.558 |
6442.631 |
7703.632 |
|
|
|
|
|
|
long-term borrowings |
31.786 |
26.810 |
14.949 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Current Maturities of Long
Term Debt |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
31.786 |
26.810 |
14.949 |
|
Debt/Equity
ratio |
0.006 |
0.004 |
0.002 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
8376.655 |
9203.616 |
10799.318 |
|
|
|
9.872 |
17.338 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
8376.655 |
9203.616 |
10799.318 |
|
Profit |
1215.261 |
1872.235 |
1831.145 |
|
|
14.51% |
20.34% |
16.96% |
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 |
No |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
No |
|
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 |
Yes |
|
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 |
Yes |
|
32 |
Litigations that the firm/promoter
involved in |
Yes |
|
33 |
Market information |
---- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
LITIGATION
DETAILS:
|
CASE DETAILS Bench:- Bombay Presentation Date:- 02/01/2014
Petn. Adv.: SURESH
KUMAR (I2100) Bench:- DIVISION
Status:- Pre-Admission
Act :- Wealth Tax Act,
1957
Under Section:- 27A |
GENERAL INFORMATION
Zensar Technologies Limited (the "Company") along
with its wholly owned and controlled subsidiaries Zensar Technologies Inc.,
Zensar Technologies (UK) Limited, Zensar Technologies (Singapore) Pte. Limited,
Zensar Technologies (Shanghai) Company Limited, PSI Holding Group Inc., Zensar
Technologies IM Inc. (formerly known as Akibia, Inc.), Zensar Technologies IM
B.V. (formerly known as Akibia B.V.), Aquila Technology Corp., Zensar (Africa)
Holdings Pty Limited and Zensar (South Africa) Pty Limited and Professional
Access Limited (effective from August 14, 2014) is engaged in providing a
complete range of IT Services and Solutions. The Company's industry expertise
spans across Manufacturing, Retail, Media, Banking, Insurance, Healthcare and
Utilities. The Company is public limited company and is listed on the Bombay
Stock Exchange (BSE) and the National Stock Exchange (NSE).
COMPANY OVERVIEW
Zensar Technologies Limited (Zensar) is a globally renowned
software and services organization that specializes in providing a complete
range of IT Services and Solutions. Zensar is ranked amongst India's top 20
software companies by NASSCOM and is also recognized by the Department of
Scientific and Industrial Research (DSIR) for its robust in-house Research and
Development practices and an acknowledged leader in Innovation. The Company is
headquarter in Pune and has offices in India, USA, UK, South Africa, Singapore,
Australia and UAE.
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10290541 |
03/08/2011 * |
2,272,720,000.00 |
Standard Chartered Bank |
Crescenzo, 3A/F,,
Plot no C 38 & 39,G Block, Band |
B18441386 |
|
2 |
10130485 |
11/04/2012 * |
150,000,000.00 |
The Royal Bank of
Scotland N.V. (Formerly ABN Amro |
327, M. G. Road,
Camp, Pune, Maharashtra - 411001 |
B38180832 |
|
3 |
90084119 |
11/05/1994 |
16,500,000.00 |
UNION BANK OF INDIA |
INDUSTRIAL FINANCE
BRANCH, UNION BANK BHAWAN; 1ST |
- |
|
4 |
90082397 |
14/04/1994 |
38,248,064.00 |
INDIAN OVERSEAS BANK |
762; ANNA SALAI,
MADRAS, Tamil Nadu - 600002, INDI |
- |
|
5 |
90084104 |
31/03/1994 |
29,500,000.00 |
STATE BANK OF TRAVANCORE |
FREE PRESS JOURNAL MARG,
NARIMAN POINT, BOMBAY, M |
- |
|
6 |
90089889 |
20/10/1993 |
30,000,000.00 |
UNION BANK OF INDIA |
INDUSTRIAL FINANCE
BRANCH, UNION BANK BHAWAN; 239 |
- |
|
7 |
90089834 |
07/04/1993 * |
19,500,000.00 |
STATE BANK OF INDIA |
INDUSTRIAL FINANCE
BRANCH; KILLICK HOUSE, CHARANJ |
- |
|
8 |
90083936 |
19/01/1993 |
10,000,000.00 |
UNITED BANK OF INDIA |
25; SIR P. M. ROAD,
BOMBAY, Maharashtra - 400001, |
- |
|
9 |
90089812 |
08/01/1993 |
16,500,000.00 |
STATE BANK OF IRAVANCORE |
III FRES PRESS
HOUSE; 11TH FLOOR, NARIMAN POINT, |
- |
|
10 |
90082371 |
10/08/1992 |
56,843,875.00 |
INDIAN OVERSEAS BANK |
762; ANNA SALAI,
MADRAS, Tamil Nadu - 600002, INDI |
- |
* Date of charge modification
FIXED ASSETS
- Land
- Buildings
- Plant and
Machinery
- Furniture and
Fixture
- Office
Equipments
- Motor
Vehicles
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 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. 63.57 |
|
UK Pound |
1 |
Rs. 100.94 |
|
Euro |
1 |
Rs. 72.32 |
INFORMATION DETAILS
|
Information
Gathered by : |
DIP |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
JYO |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
9 |
|
PAID-UP CAPITAL |
1~10 |
8 |
|
OPERATING SCALE |
1~10 |
9 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
9 |
|
--PROFITABILITY |
1~10 |
8 |
|
--LIQUIDITY |
1~10 |
8 |
|
--LEVERAGE |
1~10 |
8 |
|
--RESERVES |
1~10 |
9 |
|
--CREDIT LINES |
1~10 |
8 |
|
--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 |
YES |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
76 |
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.