MIRA INFORM REPORT
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Report No. : |
313190.2 |
|
Report Date : |
19.03.2015 |
IDENTIFICATION DETAILS
|
Name : |
ROLTA INDIA
LIMITED |
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|
|
|
Registered
Office : |
Rolta Bhavan 22nd Street, MIDC Marot, Andheri (East),
Mumbai – 400093, Maharashtra |
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|
Country : |
India |
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|
Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
27.06.1989 |
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|
Com. Reg. No.: |
11-052384 |
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Capital Investment
/ Paid-up Capital : |
Rs.1613.300 Million |
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|
|
|
CIN No.: [Company Identification
No.] |
L74999MH1989PLC052384 |
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|
IEC No.: |
Not Available |
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|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMR07828C |
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PAN No.: [Permanent Account No.] |
AAACR6820J |
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Legal Form : |
A Public Limited Liability Company. The Company’s Shares are Listed on
the Stock Exchanges. |
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|
Line of Business
: |
Subject is primarily engaged in the Engineering Design /GIS
Solutions, E-Business and other IT related services. |
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|
No. of Employees
: |
Information declined by the management. |
RATING & COMMENTS
|
MIRA’s Rating : |
A (59) |
|
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 |
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|
Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a well-established company having fine track. Fundamentals are strong and healthy. The company’s products are well
received in the market. The rating takes into consideration company’s
established market position and strong customer base. Trade relations are fair. Business is active. Payment terms are
reported to be regular and as per commitments. The company can be considered normal for business dealings at usual
trade terms and conditions. Note: The company follows financial year starting from July 1st
to 30th June. However, as per registrar of companies date of
balance sheet is given 31-3-2014. Management is non-co-operative to provide
any details. |
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 |
India Ratings |
|
Rating |
Long term rating =
A+ |
|
Rating Explanation |
Adequate degree of
safety and low credit risk. |
|
Date |
14 October 2014 |
|
Rating Agency Name |
India Ratings |
|
Rating |
Short term rating =
A1 |
|
Rating Explanation |
Very strong degree
of safety and carry lowest credit risk. |
|
Date |
14 October 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) 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. Rangrajan |
|
Designation : |
Associates Director Finance |
|
Contact No.: |
91-22-22153984 |
|
Date : |
17.03.2015 |
LOCATIONS
|
Registered / Branch Office : |
Rolta Bhavan 22nd Street, MIDC Marot, Andheri (East),
Mumbai – 400093, Maharashtra, India |
|
Tel. No.: |
91-22-22153984 |
|
Fax No.: |
Not Available |
|
E-Mail : |
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Website : |
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Corporate Office : |
21st Floor, Maker Tower F, Cuffe Parade, Mumbai – 400005,
Maharashtra, India |
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Branch Offices : |
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Overseas Offices : |
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DIRECTORS
As on 30.06.2013
|
Name : |
Kamal K. Singh |
|
Designation : |
Founder Chairman and CEO |
|
|
|
|
Name : |
Atul D Tayal |
|
Designation : |
Joint Managing Director and Chief Operating Officer-Domestic Operations and Member of the Board |
|
|
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|
Name : |
Rajesh Ramachandran |
|
Designation : |
President and CTO, Global Products and Technology Solutions |
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|
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|
Name : |
Vinay K. Sawarkar |
|
Designation : |
Senior Vice President, Human Resources |
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|
Name : |
Laxmidhar Gaopande |
|
Designation : |
Senior Vice President, Defense and Safety Solutions |
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|
Name : |
Dr. N. R. Srinivasa Raghavan |
|
Designation : |
Senior Vice President, Data Science and Analytics |
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|
Name : |
Ashok Gakhar |
|
Designation : |
Group Director, Defense and Security |
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|
Name : |
Hiranya Ashar |
|
Designation : |
Joint Managing Director-International Operations and Group CFO & Member of the Board |
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|
Name : |
Lt. Gen. KT Parnaik, (Retd) |
|
Designation : |
President, Defense and Security |
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|
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|
Name : |
S.K. Shirguppi |
|
Designation : |
Senior Vice President, Engineering and Geospatial Services |
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|
Name : |
Dr. Sohrab Bhot |
|
Designation : |
Senior Vice President, Business Operations |
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|
|
|
Name : |
Parveen Malhotra |
|
Designation : |
Senior Vice President, Enterprise Applications and Financial Services |
|
|
|
|
Name : |
Rajendra K Varma |
|
Designation : |
Group Director, Corporate Infrastructure and Administration |
KEY EXECUTIVES
|
Name : |
Mr. Rangrajan |
|
Designation : |
Associates Director Finance |
|
|
|
|
Name : |
Verinder Khashu |
|
Designation : |
Company Secretary |
SHAREHOLDING PATTERN
As on 31.12.2014
|
Category of Shareholder |
Total No. of Shares |
Total Shareholding as a % of Total No. of
Shares |
|
(A) Shareholding of
Promoter and Promoter Group |
||
|
|
|
|
|
|
708928 |
0.44 |
|
|
81716370 |
50.98 |
|
|
82425298 |
51.42 |
|
|
|
|
|
Total shareholding of
Promoter and Promoter Group (A) |
82425298 |
51.42 |
|
(B) Public
Shareholding |
||
|
|
|
|
|
|
800 |
0.00 |
|
|
4069742 |
2.54 |
|
|
102 |
0.00 |
|
|
20955962 |
13.07 |
|
|
25026606 |
15.61 |
|
|
|
|
|
|
6401932 |
3.99 |
|
|
|
|
|
|
35625805 |
22.23 |
|
|
7597342 |
4.74 |
|
|
3210648 |
2.00 |
|
|
1876351 |
1.17 |
|
|
200 |
0.00 |
|
|
56250 |
0.04 |
|
|
981711 |
0.61 |
|
|
221136 |
0.14 |
|
|
75000 |
0.05 |
|
|
52835727 |
32.96 |
|
Total Public
shareholding (B) |
77862333 |
48.58 |
|
Total (A)+(B) |
160287631 |
100.00 |
|
(C) Shares held by
Custodians and against which Depository Receipts have been issued |
0 |
0.00 |
|
|
0 |
0.00 |
|
|
1041465 |
0.00 |
|
|
1041465 |
0.00 |
|
Total (A)+(B)+(C) |
161329096 |
0.00 |
%2019-Mar-2015_files/image016.gif){kind=small}
%2019-Mar-2015_files/image017.gif){kind=small}
%2019-Mar-2015_files/image018.gif){kind=small}
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 |
||
|
1 |
Rolta Limited |
65022370 |
40.30 |
|
2 |
Rolta Shares and Stocks Private Limited |
15892000 |
9.85 |
|
3 |
Kamal K Singh Family Foundation |
600000 |
0.37 |
|
4 |
Rolta Properties Private Limited |
401000 |
0.25 |
|
5 |
Rolta Resources Private Limited |
401000 |
0.25 |
|
6 |
Kamal K Singh A/c AIFC |
55000 |
0.03 |
|
7 |
Aruna K Singh A/c AIFC |
50000 |
0.03 |
|
8 |
Aditya Kamal Singh A/c AIFC |
3928 |
0.00 |
|
|
Total |
82425298 |
51.09 |
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 |
Life Insurance Corporation of India P & GS Fund |
3908242 |
2.42 |
|
|
2 |
Dreyfus International Funds Inc-Dreyfus Emerging Markets Funds |
1620076 |
1.00 |
|
|
3 |
Fidelity Puritan Trust - Fidelity Low Priced Stock Fund |
2699942 |
1.67 |
|
|
|
Total |
8228260 |
5.10 |
Details of Depository
Receipts (DRs)
|
Sl. No. |
Type of Outstanding DR (ADRs, GDRs, SDRs,
etc.) |
No. of Outstanding DRs |
No. of Shares Underlying |
Shares Underlying Outstanding DRs as % of
Total No. of Shares |
|
1 |
GDR |
1041465 |
1041465 |
0.65 |
|
|
Total |
1041465 |
1041465 |
0.65 |
%2019-Mar-2015_files/image020.gif)
BUSINESS DETAILS
|
Line of Business : |
Subject is primarily engaged in the Engineering Design
/GIS Solutions, E-Business and other IT related services. |
|
|
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Products : |
|
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|
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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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Solicitors : |
Kanga and Company Chartered Accountants |
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Statutory Auditors : |
Khandelwal Jain and Company Chartered Accountants |
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IFRS Auditors : |
Grant Thronton India LLP |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Subsidiary : |
|
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Enterprises over
which significant influence exercised by Key Management Personnel / Directors
: |
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CAPITAL STRUCTURE
As on 30.06.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
250000000 |
Equity Shares |
Rs.10/- each |
Rs.2500.000 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
161329096 |
Equity Shares |
Rs.10/- each |
Rs.1613.300
Million |
Reconciliation of
Share Capital
|
|
30.06.2013 |
|
|
|
No. of Shares
held |
Rs. in Million |
|
Balance at the beginning of the year |
161329096 |
1613.300 |
|
Balance at the end
of the year |
161329096 |
1613.300 |
Rights, Preferences
and Restrictions attached to Shares
The Company has one class of equity shares having a par value of Rs.10/- each. Each shareholder is eligible for dividend and one vote per share held. In the event of liquidation, the equity shareholders are eligible to receive the remaining assets of the Company after distribution of all preferential amounts, in proportion to their shareholding. The dividend proposed by the Board of Directors is subject to approval of shareholders in the ensuing Annual General Meeting.
Shareholders holding
more than 5% of the shares
|
Name of
Shareholders |
30.06.2013 |
|
|
|
No. of Shares
held |
% of Holding |
|
Rolta Limited |
60450000 |
37.47 |
|
Rolta Shares and Stocks Pvt. Ltd. |
13210705 |
8.18 |
Details of shares
allotted as fully paid up by way of bonus issue
80136523 (P.Y.80136523) Equity Shares, fully paid up have been issued as bonus shares by capitalization of Securities Premium.
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
30.06.2013 |
30.06.2012 |
30.06.2011 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
1613.300 |
1613.300 |
1613.300 |
|
(b) Reserves &
Surplus |
23835.000 |
22056.400 |
21422.200 |
|
(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) |
25448.300 |
23669.700 |
23035.500 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
20439.800 |
19109.700 |
7308.800 |
|
(b) Deferred tax
liabilities (Net) |
495.100 |
476.700 |
446.500 |
|
(c) Other long term
liabilities |
2799.800 |
0.000 |
0.000 |
|
(d) long-term provisions |
156.500 |
155.500 |
130.900 |
|
Total Non-current
Liabilities (3) |
23891.200 |
19741.900 |
7886.200 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
1405.900 |
2311.800 |
677.600 |
|
(b) Trade payables |
1027.400 |
656.600 |
371.200 |
|
(c) Other current
liabilities |
3268.700 |
1454.100 |
6830.700 |
|
(d) Short-term provisions |
761.300 |
1155.500 |
1007.700 |
|
Total Current Liabilities
(4) |
6463.300 |
5578.000 |
8887.200 |
|
|
|
|
|
|
TOTAL |
55802.800 |
48989.600 |
39808.900 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
41407.100 |
27571.100 |
18920.400 |
|
(ii) Intangible Assets |
3036.100 |
2458.900 |
1136.100 |
|
(iii) Capital
work-in-progress |
196.000 |
3111.100 |
2825.200 |
|
(iv) Intangible assets
under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
6537.000 |
7009.300 |
6174.600 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
139.400 |
461.700 |
404.100 |
|
(e) Other Non-current
assets |
338.200 |
66.700 |
55.100 |
|
Total Non-Current Assets |
51653.800 |
40678.800 |
29515.500 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
12.000 |
266.300 |
961.100 |
|
(b) Inventories |
0.000 |
0.000 |
0.000 |
|
(c) Trade receivables |
2613.800 |
5676.700 |
6827.300 |
|
(d) Cash and cash
equivalents |
188.400 |
160.500 |
315.700 |
|
(e) Short-term loans and
advances |
1321.600 |
2161.100 |
2139.100 |
|
(f) Other current assets |
13.200 |
46.200 |
50.200 |
|
Total Current Assets |
4149.000 |
8310.800 |
10293.400 |
|
|
|
|
|
|
TOTAL |
55802.800 |
48989.600 |
39808.900 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
30.06.2013 |
30.06.2012 |
30.06.2011 |
|
|
SALES |
|
|
|
|
|
Income |
13109.400 |
14680.700 |
14487.500 |
|
|
Other Income |
345.600 |
358.400 |
275.900 |
|
|
TOTAL |
13455.000 |
15039.100 |
14763.400 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
671.800 |
2578.200 |
3556.400 |
|
|
Employees benefits
expense |
2161.900 |
2099.800 |
1974.400 |
|
|
Other expenses |
925.400 |
1381.400 |
1134.600 |
|
|
TOTAL |
3759.100 |
6059.400 |
6665.400 |
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
9695.900 |
8979.700 |
8098.000 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
1924.600 |
1037.000 |
533.000 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
7771.300 |
7942.700 |
7565.000 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
3599.500 |
4336.100 |
3213.600 |
|
|
|
|
|
|
|
Less |
EXCEPTIONAL ITEMS |
11527.200 |
0.000 |
1227.300 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
(7355.400) |
3606.600 |
5578.700 |
|
|
|
|
|
|
|
Less |
TAX |
18.900 |
333.200 |
625.100 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
(7374.300) |
3273.400 |
4953.600 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per Share
(Rs.) |
(45.71) |
20.29 |
30.70 |
QUARTERLY RESULTS
|
Particulars (Rs.
In Million) |
30.09.2013 1st Quarter |
31.12.2013 2nd Quarter |
31.03.2014 3rd Quarter |
30.06.2014 4th Quarter |
30.09.2014 5th Quarter |
31.12.2014 6th Quarter |
|
Unaudited |
Unaudited |
Unaudited |
Unaudited |
Unaudited |
Unaudited |
Unaudited |
|
Net Sales |
2965.000 |
4342.400 |
4121.500 |
4005.400 |
5025.100 |
4815.000 |
|
Total Expenditure |
841.800 |
1205.800 |
1292.800 |
1073.300 |
1599.400 |
1260.600 |
|
PBIDT (Excl OI) |
2123.200 |
3136.600 |
2828.700 |
2932.100 |
3425.700 |
3554.400 |
|
Other Income |
46.700 |
96.300 |
(82.800) |
22.300 |
61.800 |
77.400 |
|
Operating Profit |
2169.900 |
3232.900 |
2745.900 |
2954.400 |
3487.500 |
3631.800 |
|
Interest |
458.600 |
464.800 |
499.900 |
458.000 |
260.300 |
174.500 |
|
Exceptional Items |
0.000 |
0.000 |
524.700 |
1254.500 |
0.000 |
86.500 |
|
PBDT |
1711.300 |
2768.100 |
2770.700 |
3750.900 |
3227.200 |
3543.800 |
|
Depreciation |
950.100 |
1273.100 |
1318.900 |
1435.100 |
1466.600 |
1536.500 |
|
Profit Before Tax |
761.200 |
1495.000 |
1451.800 |
2315.800 |
1760.600 |
2007.300 |
|
Tax |
31.900 |
(31.600) |
(886.200) |
67.000 |
78.900 |
100.000 |
|
Provisions and contingencies |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Profit After Tax |
729.300 |
1526.600 |
2338.000 |
2248.800 |
1681.700 |
1907.300 |
|
Extraordinary Items |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Prior Period Expenses |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Other Adjustments |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Net Profit |
729.300 |
1526.600 |
2338.000 |
2248.800 |
1681.700 |
1907.300 |
KEY RATIOS
|
PARTICULARS |
|
30.06.2013 |
30.06.2012 |
30.06.2011 |
|
Net Profit Margin (PAT/Sales) |
(%) |
(56.25) |
22.30 |
34.19 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT / Sales) |
(%) |
73.96 |
61.17 |
55.90 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(14.99) |
9.28 |
18.11 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.29) |
0.15 |
0.24 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.86 |
0.91 |
0.35 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.64 |
1.49 |
1.16 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
30.06.2011 |
30.06.2012 |
30.06.2013 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Share Capital |
1613.300 |
1613.300 |
1613.300 |
|
Reserves & Surplus |
21422.200 |
22056.400 |
23835.000 |
|
Net worth |
23035.500 |
23669.700 |
25448.300 |
|
|
|
|
|
|
long-term borrowings |
7308.800 |
19109.700 |
20439.800 |
|
Short term borrowings |
677.600 |
2311.800 |
1405.900 |
|
Total borrowings |
7986.400 |
21421.500 |
21845.700 |
|
Debt/Equity ratio |
0.347 |
0.905 |
0.858 |
%2019-Mar-2015_files/image022.gif)
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
30.06.2011 |
30.06.2012 |
30.06.2013 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
14487.500 |
14680.700 |
13109.400 |
|
|
|
1.334 |
(10.703) |
%2019-Mar-2015_files/image024.gif)
NET PROFIT MARGIN
|
Net Profit Margin |
30.06.2011 |
30.06.2012 |
30.06.2013 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
14487.500 |
14680.700 |
13109.400 |
|
Profit |
4953.600 |
3273.400 |
(7374.300) |
|
|
34.19% |
22.30% |
(56.25%) |
%2019-Mar-2015_files/image026.gif)
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG-TERM DEBT DETAILS = NOT AVAILABLE
|
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 |
No |
|
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 |
No |
|
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 |
No |
|
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 |
Yes |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10496834 |
11/09/2014 * |
2,480,000,000.00 |
SYNDICATE BANK |
NARIMAN POINT BRANCH,, 227, NARIMAN BHAVAN, GROUND FLOOR, NARIMAN POINT, MUMBAI, Maharashtra - 400021, INDIA |
C25747734 |
|
2 |
10501047 |
24/12/2014 * |
2,480,000,000.00 |
Central Bank of India |
Corporate Finance Branch, 1st Floor, MMO Building, Fort, Mumbai, Maharashtra - 400023, INDIA |
C39670179 |
|
3 |
10494966 |
24/12/2014 * |
4,458,800,000.00 |
Union Bank of India |
Industrial Finance Branch, Union Bank Bhavan,, 239, Vidhan Bhavan Marg, Nariman Point,, Mumbai, Maharashtra - 400021, INDIA |
C39670641 |
|
4 |
10421473 |
23/03/2013 * |
1,900,000,000.00 |
Axis Trustee Services Limited |
Axis House, 2nd
Flr, Bombay Dyeing Mills Compound, |
B74154782 |
|
5 |
10364400 |
17/08/2012 * |
6,750,000,000.00 |
IDBI TRUSTEESHIP SERVICES LIMITED |
Asian Bldg., Ground Floor, 17, R.Kamani Marg,, Ballard Estate,, MUMBAI, Maharashtra - 400001, INDIA |
B56764475 |
|
6 |
10309077 |
02/03/2015 * |
370,948,800.00 |
IDBI TRUSTEESHIP SERVICES LIMITED |
Asian Bldg., Ground Floor, 17, R.Kamani Marg,, Ballard Estate,, MUMBAI, Maharashtra - 400001, INDIA |
C46177697 |
|
7 |
10197000 |
17/08/2012 * |
3,400,000,000.00 |
INDUSTRIAL FINANCE BRANCH, 1ST FLOOR, 239, VIDHAN BHAVAN MARG, NARIMAN POINT,, MUMBAI, Maharashtra - 400021, INDIA |
B57698243 |
|
|
8 |
10195954 |
06/07/2012 * |
10,000,000,000.00 |
UNION BANK OF INDIA (LEAD BANK) |
INDUSTRIAL FINANCE BRANCH, 1ST FLOOR, 239, VIDHAN BHAVAN MARG, NARIMAN POINT, MUMBAI, Maharashtra - 400021, INDIA |
B45109980 |
|
9 |
80035556 |
19/10/2010 * |
1,000,000,000.00 |
UNION BANK OF INDIA |
INDUSTRIAL FINANCE BRANCH, UNION BANK BHAVAN, 1ST FLOOR, 239, VIDHAN BHAVAN MARG, NARIMAN POINT, MUMBAI, Maharashtra - 400021, INDIA |
A96777966 |
* Date of charge modification
FINANCIAL PERFORMANCE
The Company has been constantly moving up the value chain with a focus on delivering high-value, enterprise-wide solutions and services in India and in the international markets. During the year, the Company brought on a board number of senior executives in all geographies. These inductions are a part of Rolta’s transformation from a services-centric Company to one that is now delivering high-value consulting services and sophisticated solutions based on its own IP.
The Company’s total consolidated revenue for the year 2012-13 was Rs.21787.800 Million, representing a growth of 19.1% (Rs.18287.900 Million for the previous year ended June 30, 2012). Revenue growth in our business was driven by increased sales of Enterprise level solutions incorporating Rolta’s own IP and products that employ enterprise application integration (EAI) software, services oriented architecture (SOA), business intelligence software, cloud computing and also due to the acquisition of AdvizeX during the year.
The Profit before exceptional items and tax in the year ended 30th June, 2013 was Rs.3185.900 Million as against Rs.2857.400 Million in the year ended 30th June, 2012. This represents an increase of 11.5%. Profit after tax in the year ended 30th June, 2013 was Rs.8391.900 (Loss) Million (including exceptional items) as against Rs.2423.400 Million in the year ended 30th June, 2012. This represents decline of 446.3%. However without considering exceptional item Profit after tax in the year ended 30th June 2013 was Rs.3144.900 Million as against Rs.2423.400 Million in previous year representing growth of 29.8%.
BUSINESS OPERATIONS
OVERVIEW AND OUTLOOK
Technology - Business Process Management earlier known as BPO) spend is also seem improving. NASSCOM estimates that technology spends are likely to increase by 6% in 2013 to touch nearly US$ 2 trillion. Whereas India’s IT-BPM is estimated to grow between 13% to 15% in FY 2014 to reach US$ 106 to 111 billion.
The Company continues to sustain the dominant position in the Indian Defence and Security markets. This is an outcome of the Company’s continued investments in developing world-class and customer centric solutions, in this segment. Rolta is one of the very few companies, to have been selected for the indigenous production of Defence solutions, in the country, under the “Make” category. Rolta continues to further develop and enhance the
traditional Defence C3ISR applications, the expanded portfolio of solutions for addressing the complete ‘sensor-to-shooter chain’, has also positioned it very favorably for a large number of upcoming and on-going high-value Defence modernization programs, such as, Battlefield Management Systems, Software Defined Radios, Optronics, Border Management, IMINT Generation, etc. The Company is also implementing many hi-tech projects, such as a sophisticated C2 systems for Tri-services, a state-of-the-art communications grid, for providing navigation and meteorological information across the country’s coastline and has also been awarded hi-tech projects for simulating war games with operational scenarios.
CORPORATE GOVERNANCE
Rolta continues to be committed to good corporate governance aligned with the best practices. It has complied with all the standards set out by SEBI and the Stock Exchanges.
A separate Report on Corporate Governance along with Auditors’ Certificate on compliance with the conditions of Corporate Governance as per Clause 49 of the Listing Agreement with the Stock Exchanges is provided as a part of this Annual Report, besides the Management Discussion and Analysis, Risk Management and Shareholders Information.
The Company has achieved dematerialization of 98.22% of its equity shares held in the electronic mode with NSDL and CDSL.
In order to expedite the process of share transfer and in line with Clause 49 of the Listing Agreement, the Company has delegated the power of share transfer to R and T Agent “M/s. Link Intime India Private Limited” Rolta accords high priority to the dissemination of information to investors by posting its Annual Report, Quarterly Results, and Press Releases on its website. The Company has initiated various other investor-friendly measures as elaborated elsewhere in the Annual Report.
UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED AND NINE MONTHS
ON 31.12.2014
[RS.
IN MILLIONS]
|
PARTICULARS |
Quarter Ended |
9 Months Ended |
|||
|
31.12.2014 [Unaudited] |
30.09.2014 [Unaudited] |
31.12.2013 [Unaudited] |
31.12.2014 [Unaudited] |
31.12.2013 [Unaudited] |
|
|
1.
Income from operations |
|
|
|
|
|
|
Net sales/ Income from operation (net of excise duty) |
4814.970 |
5025.08 |
4342.410 |
13845.490 |
10832.650 |
|
Total
Income from Operations (net) |
4814.970 |
5025.08 |
4342.410 |
13845.490 |
10832.650 |
|
|
|
|
|
|
|
|
2.Expenditure |
|
|
|
|
|
|
Cost of material consumed |
99.500 |
558.60 |
238.880 |
829.410 |
641.230 |
|
Employees benefits expense |
621.930 |
628.610 |
469.110 |
1818.420 |
1476.470 |
|
Depreciation |
1536.520 |
1466.540 |
1273.080 |
4438.220 |
3039.830 |
|
Other expenses |
539.240 |
412.110 |
497.830 |
1285.500 |
1051.710 |
|
Total expenses |
2797.190 |
3065.860 |
2478.900 |
8371.550 |
6209.240 |
|
|
|
|
|
|
|
|
3.
Profit from operations before other income, and financial costs and
Exceptional Items |
2017.780 |
1959.220 |
1863.510 |
5473.940 |
4623.410 |
|
4. Other income |
77.430 |
61.760 |
96.320 |
161.530 |
260.190 |
|
5. Profit
from ordinary activities before finance costs |
2095.210 |
2020.980 |
1959.830 |
5635.470 |
4883.600 |
|
7. Finance costs |
174.460 |
260.280 |
464.800 |
892.750 |
1430.810 |
|
8. Net profit/(loss) from ordinary
activities after finance costs but before exceptional items |
1920.750 |
1760.700 |
1495.030 |
4742.720 |
3452.790 |
|
9. Exceptional item |
|
|
|
|
|
|
Additional depreciation
due to change in estimates |
--- |
--- |
--- |
--- |
(11527.180) |
|
Profit on Sale of
Investment |
86.510 |
--- |
--- |
1341.010 |
--- |
|
10. Profit from ordinary
activities before tax Expense: |
2007.260 |
1760.700 |
1495.030 |
6083.730 |
(8074.390) |
|
11.Tax expenses |
100.000 |
78.980 |
(31.640) |
245.930 |
(241.000) |
|
12.Net Profit / (Loss) from
ordinary activities after tax (9-10) |
1907.260 |
1681.720 |
1526.670 |
5837.800 |
(7833.390) |
|
12.Paid-up equity share capital (Nominal value Rs.10
per share) |
1613.290 |
1613.290 |
1613.290 |
1613.290 |
1613.290 |
|
13. Reserve excluding Revaluation Reserves as per
balance sheet of previous accounting year |
|
|
|
|
|
|
14.i)
Earnings per share (before extraordinary items) of Rs.10/- each) (not
annualised): |
|
|
|
|
|
|
(a) Basic |
11.3 |
10.4 |
9.5 |
27.9 |
22.9 |
|
(b)
Diluted |
10.8 |
10.0 |
9.2 |
26.7 |
22.2 |
|
14.ii)
Earnings per share (after extraordinary items) of Rs.10/- each) (not
annualised): |
|
|
|
|
|
|
(a) Basic |
11.8 |
10.4 |
9.5 |
36.2 |
(48.6) |
|
(b)
Diluted |
11.3 |
10.0 |
9.2 |
34.6 |
(48.6) |
|
|
|
|
|
|
|
|
A.
PARTICULARS OF SHAREHOLDING |
|
|
|
|
|
|
1.
Public Shareholding |
|
|
|
|
|
|
- Number of shares |
78903798 |
79025798 |
80154096 |
78903798 |
80154096 |
|
- Percentage of shareholding |
48.91 |
48.98 |
49.68 |
48.91 |
49.68 |
|
2.
Promoters and Promoters group Shareholding |
|
|
|
|
|
|
a) Pledged /Encumbered |
|
|
|
|
|
|
Number of shares |
12500000 |
12500000 |
12500000 |
12500000 |
12500000 |
|
Percentage of shares (as a % of total shareholding of the
promoter and promoter group) |
15.17 |
15.19 |
15.40 |
15.17 |
15.40 |
|
Percentage of shares (as a % of total share capital of the
company) |
7.75 |
7.75 |
7.75 |
7.75 |
7.75 |
|
|
|
|
|
|
|
|
b) Non Encumbered |
|
|
|
|
|
|
Number of shares |
69925298 |
69803298 |
68675000 |
69925298 |
68675000 |
|
Percentage of shares (as a % of total shareholding of the
promoter and promoter group) |
84.83 |
84.81 |
84.60 |
84.83 |
84.60 |
|
Percentage of shares (as a % of total share capital of the
company) |
43.34 |
43.27 |
42.57 |
43.34 |
42.57 |
|
|
PARTICULARS |
3
Months Ended 31.12.2014 |
|
B |
Investor
complaints (Nos.) |
|
|
|
Pending at the beginning of the quarter |
NIL |
|
|
Received during the Quarter |
34 |
|
|
Disposed of during the quarter |
34 |
|
|
Remaining unresolved at the end of the quarter |
NIL |
SEGMENT-WISE REVENUE AND RESULTS FOR THE QUARTER AND NINE MONTHS ENDED
DECEMBER 31, 2014
(Rs. In Million)
|
PARTICULARS |
Quarter Ended |
9 Months Ended |
|||
|
31.12.2014 [Unaudited] |
30.09.2014 [Unaudited] |
31.12.2013 [Unaudited] |
31.12.2014 [Unaudited] |
31.12.2013 [Unaudited] |
|
|
Segment Revenue |
|
|
|
|
|
|
Enterprise Geospatial and Engineering Solutions (EGES) |
2206.800 |
2190.430 |
2033.460 |
6323.470 |
5050.890 |
|
System Integration and Enterprise IT Solutions (EITS) |
2608.170 |
2834.650 |
2308.950 |
7522.020 |
5781.760 |
|
Less: Inter segment revenue |
--- |
--- |
--- |
--- |
--- |
|
Net revenue from
operations |
4814.970 |
5025.080 |
4342.410 |
13845.490 |
10832.650 |
|
Segment
Profit/(loss) before Depreciation and amortization expenses, other income,
finance cost, exceptional items and tax |
|
|
|
|
|
|
Enterprise Geospatial
and Engineering Solutions (EGES) |
1492.100 |
1630.990 |
1158.420 |
4483.530 |
3246.340 |
|
System Integration and
Enterprise IT Solutions (EITS) |
2062.200 |
1794.770 |
1978.170 |
5428.630 |
4416.900 |
|
TOTAL |
3554.300 |
3425.760 |
3136.590 |
9912.160 |
7663.240 |
|
Add: Other Income (Un allocable) |
77.430 |
61.760 |
96.320 |
161.530 |
260.190 |
|
Less: Finance Costs (Un allocable) |
174.460 |
260.280 |
464.800 |
892.750 |
1430.810 |
|
Less: Depreciation and Amortization Expense (Un allocable) |
1536.520 |
1466.540 |
1273.080 |
4438.220 |
3039.830 |
|
Exceptional Item: |
|
|
|
|
|
|
Less: Additional Depreciation due to change in estimates
(Un allocable) |
--- |
--- |
--- |
--- |
11527.180 |
|
Add: Profit on sale of investment |
86.510 |
--- |
--- |
1341.010 |
--- |
|
Profit after
exceptional item before tax |
2007.260 |
1760.700 |
1495.030 |
6083.730 |
(8074.390) |
Note:
- The above results were reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on 7th February, 2015 and have undergone “Limited Review by Statutory Auditors of the company.
- Exceptional Item for the quarter ended December 31, 2014 represents gain of Rs.86.510 Million towards sale/transfer of Investment in Subsidiaries.
- Tax Expense includes provision for current tax and deferred tax.
- Previous period figures are regrouped/rearranged wherever necessary
CONTINGENT
LIABILITIES
|
Particulars |
As at 30th June 2013 |
As at 30th June 2012 |
|
B/G & B/D given by Bankers (incl. counter guarantees issued by them) |
31212.800 |
2872.000 |
|
Letters of Credit issued by Bankers |
--- |
45.900 |
|
Total |
31212.800 |
2917.900 |
FIXED ASSETS
- Free-hold Land
- Lease-hold Land
- Buildings
- Computer Systems
- Other Equipment
- Furniture and Fixtures
- Vehicles
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 records 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.62.67 |
|
|
1 |
Rs.92.46 |
|
Euro |
1 |
Rs.66.33 |
INFORMATION DETAILS
|
Information
Gathered by : |
PPT |
|
|
|
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
PNM |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
7 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILITY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
7 |
|
--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 |
YES |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER
|
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
59 |
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.