MIRA INFORM REPORT
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Report No. : |
310568 |
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Report Date : |
05.03.2015 |
IDENTIFICATION DETAILS
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Name : |
IL AND FS TECHNOLOGIES LIMITED (w.e.f. 22.11.2006) |
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Formerly Known
As : |
INFRASTRUCTURE TECHNOLOGY AND TRADE INDIA LIMITED (w.e.f. 18.06.1996) DSP TECHNOLOGY AND TRADE LIMITED |
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Registered
Office : |
The IL and FS Financial Centre, Plot C- 22, G Block,
Bandra Kurla Complex, Bandra (East) Mumbai - 400 051, Maharashtra |
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Country : |
India |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
09.02.1993 |
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Com. Reg. No.: |
11-070724 |
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Capital
Investment / Paid-up Capital : |
Rs. 1178.682 Million |
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CIN No.: [Company Identification
No.] |
U74999MH1993PLC070724 |
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IEC No.: |
Not Available |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AAACD2042C |
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Legal Form : |
A Closely Held Public Limited liability Company |
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Line of Business
: |
The company engaged in software development and services,
IT Infrastructure support and services. |
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No. of Employees
: |
Information declined by the management. |
RATING & COMMENTS
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MIRA’s Rating : |
Ba (47) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having a satisfactory track record. Reserve of the company seems to be low during 2014. However, general Financial
position of the company seem to be decent.
Trade relations are reported as fair. Business is active. Payment
terms are reported to be slow but correct. The company can be considered normal for business dealings at usual
trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
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
31-03-2014.
INFORMATION PARTED BY
|
Name : |
Mr. Chandan kumar |
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Designation : |
Senior Manager Accounts |
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Contact No.: |
91-124-4716400 |
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Date : |
02.03.2015 |
LOCATIONS
|
Registered Office : |
The IL and FS Financial Centre, Plot C- 22, G Block,
Bandra Kurla Complex, Bandra (East) Mumbai - 400 051, Maharashtra, India |
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Tel. No.: |
91-22-66947600/4716400 |
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Fax No.: |
91-22-66947700/4716570 |
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E-Mail : |
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Website : |
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Corporate Office : |
3rd Floor, Ambience Corporate Tower, Ambience Mall, Ambience Island, National Highway #8, Gurgaon - 122 002, Haryana, India |
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Tel. No.: |
91-124-4716400 |
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Fax No.: |
91-124-4716570 |
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Branch Office : |
Located At
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Overseas Office : |
Located At
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DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Prem Nath Saigal |
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Designation : |
Chairman and Whole Time Director |
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Address : |
184, Jor Bagh, New Delhi-110 003, India |
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Date of Birth/Age : |
01.01.1944 |
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PAN No.: |
AASPS9195E |
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Date of Appointment : |
01.01.2014 |
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Qualification : |
ACA |
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DIN No.: |
00009267 |
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Name : |
Mr. Arun Kumar Saha |
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Designation : |
Director |
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Address : |
601-602, Green Acres CHS, Pali Hill, Bandra (West), Mumbai-400050, Maharashtra, India |
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Date of Birth/Age : |
27.03.1953 |
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Date of Appointment : |
20.05.2008 |
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DIN No.: |
00002377 |
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Name : |
Mr. Alok Bhargava |
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Designation : |
Nominee Director |
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Address : |
B-1201, Gulmohar Apartments, Ceaser Road, Amboli, Andheri (West), Mumbai-400058, Maharashtra, India |
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Date of Birth/Age : |
23.11.1961 |
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Date of Appointment : |
30.06.2009 |
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DIN No.: |
00162746 |
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Name : |
Mr. Ramesh Chandra Bawa |
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Designation : |
Director |
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Address : |
W-78, Greater Kailash Part-I, New Delhi - 110048, India |
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Date of Birth/Age : |
15.06.1953 |
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Date of Appointment : |
28.09.2012 |
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DIN No.: |
00040523 |
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Name : |
Mr. Ramachandran Ganapathi |
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Designation : |
Additional director |
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Address : |
62, Bazullah Road, Ground Floor, T. Nagar, Chennai – 600017, Tamilnadu, India |
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Date of Birth/Age : |
28.06.1955 |
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Date of Appointment : |
30.09.2014 |
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DIN No.: |
00210430 |
KEY EXECUTIVES
|
Name : |
Mr. Gulshan Kumar Bhatia |
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Designation : |
E-1/30, First Floor, Sector-11, Faridabad-121 006, Haryana, India |
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Address : |
Company Secretary |
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Date of Birth/Age : |
27.09.1972 |
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Date of Appointment : |
11.10.2006 |
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PAN No.: |
AEOPB9648D |
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Name : |
Mr. Chandan kumar |
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Designation : |
Senior Manager Accounts |
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Name : |
Mr. Prem Saigal |
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Designation : |
Chairman |
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Date of Birth/Age : |
70 Years |
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Qualification : |
ACA |
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Name : |
Ms. Namita Mendiratta |
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Designation : |
Chief Operating Officer |
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Date of Birth/Age : |
51 Years |
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Qualification : |
Advance Diploma in Management, M.A. |
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Date of Appointment : |
20.08.2001 |
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Name : |
Mr. Manoj Khanderia |
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Designation : |
Chief Financial Officer |
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Date of Birth/Age : |
53 Years |
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Qualification : |
FCA |
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Date of Appointment : |
15.07.2008 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2014
SHAREHOLDING DETAIL FILE ATTACHED
As on 30.09.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident
Indian(s) or Overseas Corporate bodies or Others |
4.50 |
|
Bodies corporate |
48.20 |
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Directors or relatives of Directors |
28.70 |
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Other top fifty shareholders |
18.60 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
The company engaged in software development and services,
IT Infrastructure support and services. |
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Products : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
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Selling : |
Not Divulged |
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Purchasing : |
Not Divulged |
PRODUCTION STATUS: Not Available
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the management. |
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Bankers : |
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Facilities : |
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Financial Institutions : |
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Auditors : |
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Name : |
Luthra and Luthra Chartered Accountants |
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Address : |
A-16/9, Vasant Vihar, New Delhi-110 057, India |
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PAN.: |
AAAFL1231A |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Associates/Subsidiaries : |
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Subsidiary Company : |
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Enterprises which are owned, or have significant influence of or are partners with Key management personnel and their relatives : |
Rewarding Investment And Consultancy Private Limited |
CAPITAL STRUCTURE
As on 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
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|
12000000 |
Equity Shares |
Rs.10/- each |
Rs.120.000 Million |
|
10000000 |
Preference Shares |
Rs.10/- each |
Rs.100.000 Million |
|
1000000 |
Preference Shares |
Rs.1000/- each |
Rs.1000.000 Million |
|
|
Total |
|
Rs. 1220.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
|
|
|
|
7868239 |
Equity Shares |
Rs.10/- each |
Rs.78.682
Million |
|
10000000 |
Preference Shares |
Rs.10/- each |
Rs.100.000 Million |
|
1000000 |
Preference Shares |
Rs.1000/- each |
Rs.1000.000 Million |
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Total |
|
Rs. 1178.682 Million |
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
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I.
EQUITY AND LIABILITIES |
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(1)Shareholders' Funds |
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(a) Share Capital |
1178.682 |
1178.682 |
1178.682 |
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(b) Reserves &
Surplus |
871.429 |
897.826 |
941.481 |
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(c) Money received
against share warrants |
0.000 |
0.000 |
0.000 |
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(2) Share Application
money pending allotment |
0.000 |
0.000 |
0.000 |
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Total Shareholders’ Funds
(1) + (2) |
2050.111 |
2076.508 |
2120.163 |
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(3) Non-Current
Liabilities |
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(a) long-term borrowings |
2675.935 |
1972.800 |
3950.000 |
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(b) Deferred tax
liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
2.500 |
12.500 |
0.000 |
|
(d) long-term provisions |
43.830 |
34.772 |
3.808 |
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Total Non-current
Liabilities (3) |
2722.265 |
2020.072 |
3953.808 |
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(4) Current Liabilities |
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|
(a) Short term borrowings |
279.210 |
109.669 |
567.359 |
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(b) Trade payables |
318.236 |
126.741 |
57.726 |
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(c) Other current
liabilities |
179.433 |
252.263 |
375.243 |
|
(d) Short-term provisions |
236.072 |
234.753 |
122.163 |
|
Total Current Liabilities
(4) |
1012.951 |
723.426 |
1122.491 |
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TOTAL |
5785.327 |
4820.006 |
7196.462 |
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II.
ASSETS |
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(1) Non-current assets |
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(a) Fixed Assets |
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(i) Tangible assets |
36.991 |
40.979 |
22.413 |
|
(ii) Intangible Assets |
66.034 |
134.656 |
178.772 |
|
(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 |
1022.834 |
1022.834 |
1019.969 |
|
(c) Deferred tax assets
(net) |
55.997 |
9.647 |
2.914 |
|
(d) Long-term Loan and Advances |
10.100 |
288.151 |
2949.992 |
|
(e) Other Non-current assets |
95.708 |
55.449 |
35.968 |
|
Total Non-Current Assets |
1287.664 |
1551.716 |
4210.028 |
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(2) Current assets |
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(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
179.940 |
36.039 |
1.133 |
|
(c) Trade receivables |
618.423 |
456.026 |
341.915 |
|
(d) Cash and cash
equivalents |
83.144 |
81.816 |
287.094 |
|
(e) Short-term loans and
advances |
2950.841 |
2430.762 |
2144.744 |
|
(f) Other current assets |
665.315 |
263.647 |
211.548 |
|
Total Current Assets |
4497.663 |
3268.290 |
2986.434 |
|
|
|
|
|
|
TOTAL |
5785.327 |
4820.006 |
7196.462 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
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Income |
851.400 |
858.755 |
611.824 |
|
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Other Income |
698.943 |
1193.027 |
1098.855 |
|
|
TOTAL (A) |
1550.343 |
2051.782 |
1710.679 |
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Less |
EXPENSES |
|
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|
Cost of Materials
Consumed |
0.000 |
0.000 |
125.784 |
|
|
Purchases of Stock-in-Trade |
0.000 |
0.000 |
0.000 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
0.000 |
0.000 |
0.000 |
|
|
Employees benefits
expense |
424.950 |
381.898 |
323.627 |
|
|
Other expenses |
477.909 |
636.232 |
206.069 |
|
|
Exceptional Item |
|
|
97.447 |
|
|
TOTAL (B) |
902.859 |
1018.130 |
752.927 |
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Less |
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION (C) |
647.484 |
1033.652 |
957.752 |
|
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|
Less |
FINANCIAL EXPENSES (D) |
405.070 |
736.360 |
709.418 |
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|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
242.414 |
297.292 |
248.334 |
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|
Less/ Add |
DEPRECIATION/ AMORTISATION
(F) |
82.945 |
78.218 |
79.458 |
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|
|
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|
|
PROFIT/ (LOSS) BEFORE TAX (E-F) (G) |
159.469 |
219.074 |
168.876 |
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Less |
TAX (H) |
45.011 |
110.700 |
62.262 |
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|
PROFIT/ (LOSS) AFTER TAX
(G-H) (I) |
114.458 |
108.374 |
106.614 |
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|
Add |
PREVIOUS YEARS’ BALANCE
BROUGHT FORWARD (J) |
298.450 |
348.280 |
325.550 |
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Less |
APPROPRIATIONS |
|
|
|
|
|
Transfer to General
Reserve |
11.449 |
10.841 |
10.660 |
|
|
Proposed Dividend on Redeemable Cumulative Preference Shares |
6.280 |
6.281 |
6.281 |
|
|
Proposed Dividend on Cumulative Compulsorily Convertible Preference Shares |
100.000 |
100.000 |
37.051 |
|
|
Proposed Dividend on Equity Shares |
19.669 |
19.671 |
19.671 |
|
|
Tax on Dividend |
21.410 |
21.411 |
10.221 |
|
|
Total (K) |
158.808 |
158.204 |
83.884 |
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|
|
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|
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|
Balance Carried to the
B/S (I+J-K) |
254.100 |
298.450 |
348.280 |
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|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
623.182 |
1045.741 |
766.925 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
(1.26) |
(2.03) |
7.15 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
|
Net Profit Margin (PAT/ Sales) |
(%) |
13.44 |
12.62 |
17.43 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
76.05 |
120.37 |
156.54 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.39 |
5.78 |
2.74 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.08 |
0.11 |
0.08 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.44 |
1.00 |
2.13 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
4.44 |
4.52 |
2.66 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Share Capital |
1178.682 |
1178.682 |
1178.682 |
|
Reserves & Surplus |
941.481 |
897.826 |
871.429 |
|
Net worth |
2120.163 |
2076.508 |
2050.111 |
|
|
|
|
|
|
long-term borrowings |
3950.000 |
1972.800 |
2675.935 |
|
Short term borrowings |
567.359 |
109.669 |
279.210 |
|
Total borrowings |
4517.359 |
2082.469 |
2955.145 |
|
Debt/Equity ratio |
2.131 |
1.003 |
1.441 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Sales |
611.824 |
858.755 |
851.400 |
|
|
|
40.360 |
(0.856) |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Sales |
611.824 |
858.755 |
851.400 |
|
Profit |
106.614 |
108.374 |
114.458 |
|
|
17.43% |
12.62% |
13.44% |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES OF LONG TERM DEBTS
|
Particulars |
31.03.2014 (Rs.
In Million) |
31.03.2013 (Rs.
In Million) |
31.03.2012 (Rs.
In Million) |
|
Current maturities of long-term debt |
0.865 |
0.779 |
0.000 |
|
Total |
0.865
|
0.779 |
0.000 |
|
Sr. No. |
Check
List by Info Agents |
Available in Report (Yes / No) |
|
1] |
Year
of Establishment |
Yes |
|
2] |
Locality
of the firm |
Yes |
|
3] |
Constitutions
of the firm |
Yes |
|
4] |
Premises
details |
No |
|
5] |
Type
of Business |
Yes |
|
6] |
Line
of Business |
Yes |
|
7] |
Promoter's
background |
Yes |
|
8] |
No.
of employees |
No |
|
9] |
Name of
person contacted |
Yes |
|
10] |
Designation
of contact person |
Yes |
|
11] |
Turnover
of firm for last three years |
Yes |
|
12] |
Profitability
for last three years |
Yes |
|
13] |
Reasons
for variation <> 20% |
----------------------- |
|
14] |
Estimation
for coming financial year |
No |
|
15] |
Capital
in the business |
Yes |
|
16] |
Details
of sister concerns |
Yes |
|
17] |
Major
suppliers |
No |
|
18] |
Major
customers |
No |
|
19] |
Payments
terms |
No |
|
20] |
Export
/ Import details (if applicable) |
No |
|
21] |
Market
information |
---------------------- |
|
22] |
Litigations
that the firm / promoter involved in |
---------------------- |
|
23] |
Banking
Details |
Yes |
|
24] |
Banking
facility details |
Yes |
|
25] |
Conduct
of the banking account |
---------------------- |
|
26] |
Buyer
visit details |
---------------------- |
|
27] |
Financials,
if provided |
Yes |
|
28] |
Incorporation
details, if applicable |
Yes |
|
29] |
Last
accounts filed at ROC |
Yes |
|
30] |
Major
Shareholders, if available |
Yes |
|
31] |
Date
of Birth of Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN
of Proprietor/Partner/Director, if available |
No |
|
33] |
Voter
ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External
Agency Rating, if available |
No |
BUSINESS REVIEW
During the year, The Company has transformed itself into a complete IT services company, developing and operating e-Governance projects in India and abroad. It has now enhanced its presence by executing multiple projects in more than 10 states in India. Long gestation periods coupled with diverse implementation platforms have been a challenge towards rapid growth and enhanced margins. The Board is hopeful that the aforesaid change in Strategy will enable the company to enhance its operational efficiency and increase the growth opportunities for the company going forward
INDEX OF CHARGES
|
S. No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10536540 |
27/11/2014 |
150,000,000.00 |
INFRASTRUCTURE
LEASING AND FINANCIAL SERVICES LIMI |
THE IL &FS
FINANACIAL CENTREPLOT NO C-22 G BLOCK, |
C36916476 |
|
2 |
10522490 |
27/11/2014 * |
100,000,000.00 |
IL&FS FINANCIAL SERVICES LIMITED |
II & FS
FINANCIAL CENTREPLOT NO C-22 G BLOCK, BAN |
C36915569 |
|
3 |
10481023 |
27/11/2014 * |
337,000,000.00 |
IL&FS FINANCIAL SERVICES LIMITED |
II & FS
FINANCIAL CENTREPLOT NO C-22 G BLOCK, BAN |
C36911154 |
|
4 |
10461417 |
27/11/2014 * |
300,000,000.00 |
IL&FS FINANCIAL SERVICES LIMITED |
II & FS
FINANCIAL CENTREPLOT NO C-22 G BLOCK, BAN |
C36911881 |
|
5 |
10455252 |
27/11/2014 * |
1,000,000,000.00 |
INFRASTRUCTURE
LEASING AND FINANCIAL SERVICES LIMI |
THE IL &FS
FINANACIAL CENTREPLOT NO C-22 G BLOCK, |
C36914703 |
|
6 |
10378642 |
10/03/2014 * |
1,150,000,000.00 |
Axis Bank Limited |
Shop No.1- 6 &
8-10,Ground Floor Ninex Time Centre |
B98312846 |
|
7 |
10329854 |
27/11/2014 * |
500,000,000.00 |
IL&FS FINANCIAL SERVICES LIMITED |
II & FS
FINANCIAL CENTREPLOT NO C-22 G BLOCK, BAN |
C36912871 |
|
8 |
10297566 |
27/11/2014 * |
2,190,000,000.00 |
IL&FS FINANCIAL SERVICES LIMITED |
II & FS FINANCIAL
CENTREPLOT NO C-22 G BLOCK, BAN |
C36914042 |
* Date of charge modification
FIXED ASSETS
- Furniture and fixtures
- Vehicles
- Motor vehicles
- Office equipment
- Computer equipments
- Other 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,
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. 61.85 |
|
|
1 |
Rs. 94.96 |
|
Euro |
1 |
Rs. 69.10 |
INFORMATION DETAILS
|
Information Gathered
by : |
PPT |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
TRU |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILITY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
47 |
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is calculated
from a composite of weighted scores obtained from each of the major sections of
this report. The assessed factors and their relative weights (as indicated
through %) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment record
(10%)
Credit history
(10%) Market trend (10%) Operational size
(10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
NB |
New Business |
-- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.