|
|
|
MIRA INFORM REPORT
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Report No. : |
502500 |
|
Report Date : |
10.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
ORACLE INDIA PRIVATE LIMITED |
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|
|
|
Formerly known
as: |
ORACLE SOFTWARE INDIA PRIVATE LIMITED
|
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|
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Registered Office
: |
F-01/02, First Floor, Salcon Rasvillas, Plot No.D-1, District Centre,
Saket, New Delhi – 110017 |
|
Tel. No.: |
91-11-47469000 |
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|
|
|
Country : |
India |
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|
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Financials (as
on) : |
31.03.2016 |
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|
|
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Date of
Incorporation : |
18.01.1993 |
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|
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Com. Reg. No.: |
55-051764 |
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Capital
Investment / Paid-up Capital : |
INR 11.250 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74899DL1993PTC051764 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
0593010078 |
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|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
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PAN No.: [Permanent Account No.] |
AAACO0158L |
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|
|
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TIN No.: |
07280396951 |
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|
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|
GSTN : [Goods & Service Tax
Registration No.] |
07AAACO0158L1ZG |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject is engaged into Software and Hardware Distribution Business comprises: Software Distribution Business, which comprises of: a) Software license and technical support services b) Other services which includes training, education & consulting services Hardware Distribution Business, which comprises of: c) Marketing services d) Hardware product support services Information Technology Services Business, which comprises of: e) Software development and other IT enabled services. [Registered Activity] |
|
|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A++ |
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
Maximum Credit Limit : |
USD 18690000 |
|
|
|
|
Status : |
Excellent |
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|
|
|
Payment Behaviour : |
Regular |
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Litigation : |
Exist |
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Comments : |
Subject is a subsidiary of Oracle Systems Corporation, USA. It was incorporated in the year 1993 and is engaged in providing cloud solutions, mobile solutions, technology solutions, business solutions and industry solutions services. It is an old and established company having excellent track record. Oracle Corporation, USA, is the ultimate holding company with the rank of 81 in the Fortune 500. As per Registrar Of Companies the date of balance sheet (i.e. financial filed) is shown as 31-03-2017 but the documents related to the financial for the year 2017 are not available from any sources. As per available financials of 2016, the company has increased its revenue from operation as compared to previous year and maintained decent profitability margin of 4.60%. Rating takes into consideration strong financial profile of the company marked by healthy networth base and average debt balance sheet. Further, the company derives strength from strong operational, technological and management support received from its holding entity, rich experience of its promoters as well as established track record of business operations. Rating also reflects from company’s diversified business portfolio, established market position in information technology sector and decent brand recognition among the customer worldwide. Trade relations are fair. Business is active. Payment terms are seems to be regular. In view of established market position, 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.
ECGC Country Risk Classification List
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
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
31-03-2016.
BIFR (Board for Industrial & Financial Reconstruction) LISTING
STATUS
Subject’s name is not listed as a Sick Unit in
the publicly available BIFR (Board for Industrial & Financial
Reconstruction) list as of 10.04.2018
IBBI (Insolvency and Bankruptcy Board of India) LISTING STATUS
Subject’s name is not listed in the publicly
available IBBI (Insolvency and Bankruptcy Board of India) list as of report
date.
INFORMATION DECLINED
MANAGEMENT NON-COOPERATIVE [91-11-47469000]
LOCATIONS
|
Registered Office : |
F-01/02, First Floor, Salcon Rasvillas, Plot No.D-1, District Centre,
Saket, New Delhi – 110017, India |
|
Tel. No.: |
91-11-47469000 |
|
Fax No.: |
91-11-40574722 |
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E-Mail : |
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Website : |
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India Development Centres And Global Operations : |
·
Prestige Technology Park, Venus Block 2C,
Levels G, 1-9 Tel No.: +91 80 4029 6000 Fax: +91 80-4029 6475 · Building 3C, Tower A, Ground to 6th Floors, Plot 8, , Sector 127, Express Highway, Noida – 201301, Uttar Pradesh, India Tel No.: +91 120 489 2100 Fax: +91 120-489 2160 · Floor Silver Metropolis, 6th Floor, Opp Bimbisar Nagar, Old Jay Coach Compound, Western Express Highway, Goregaon (East), Mumbai- 400063, Maharashtra, India Tel No.: +91 22 4255 4255 Fax: +91 22-4255 4355 ·
Oracle Technology Park, India Development
Centre Tel No: +91.80.4107.6000 Fax: +91.80-2552.6124 · Commerce at Mantri, Levels 2, 4 to 8, #12/1 & 2, N S Palaya, Bannerghatta Road, Bengaluru-560029, Karnataka 560076, India Tel No: +91.80-4108.7000 · Kalyani Magnum Infotech Park, B Wing, Block I, Level G-9, Sy. Nos. 152/14, 17, 165/2, 11, 12, 15, Billekahalli Village Road, Bengaluru 560076, Karnataka, India · Kalyani Magnum Infotech Park, Entire B Wing, Block II, Level G-6, Bilekahalli Village, Begur Hobli, Bengaluru 560076, Karnataka, India Tel No: 91.80.6744.0000 Fax: 91.80-6630.6440 · Krishna Magnum Building, Survey No. 165/3 and 165/4, Billekahalli Village, Begur Hobli, Bengaluru South Taluk, Bengaluru 560076, Karnataka, India Tel No: +91.80.66041000 Fax: +91.80-66041100 Prestige Lexington, Prestige St. John's Woods, No. 18, 2nd Cross Road Chikka Audugodi, Bengaluru-560029, Karnataka, India Tel No: +91.80.4108.5000 Fax: +91.80-4108.6850 · Prestige Technology Park, Mercury Block 2B, Levels 2, 3, 4, 7, 8, 9, Survey #29, Sarjapur Marathalli Ring Road, Kadabeesanahalli Village, Varthur Hobli, Bengaluru-560103, Karnataka, India Tel No: +91 80 4029 6000 Fax: +91 80-4029 6450 · Sy.No.110/1, 2&3, Valence, Prestige Technology Park - III, Amane Bellandur Khane Village, Varthur Hobli, Marathahalli Ring Road, Bengaluru 560103, Karnataka, India · Sy.No.110/1,2&3, Velocity Block, Prestige Technology Park-III, Amane Bellandur Khane Village, Varthur Hobli, Marathahalli Ring Road, Bengaluru 560103, Karnataka, India Tel No: +91.80.67862000 Fax: +91.80-67862100 · Plots: 18, 19 & 21, Survey: 64(part), Madhapur Village, Serilingampalli, Ranga Reddy District Hyderabad-50008, Telangana, India Tel No: +91.40.6605.0000 Fax: +91.40-6605.9801 · Plots: 18, 19 & 21, Survey: 64(part), Hitec City Lay Out, Madhapur, Rang Reddy District Hyderabad-500081, Telangana, India Tel No: +91.40.6605.0000 Fax: +91.40-6605.9801 · Plot: 18 & 21, Survey: 64 (Part), Hitech City Layout, Madhapur Ranga Reddy District Hyderabad-500081, Telangana, India Tel No: +91.40.6605.0000 Fax: +91.40-6605.9801 · Ananth Info Park, Ground to 7th Floor, Tower C, Hyderabad-500081, Telangana, India Tel No: +91.40.6658.1000 Fax: 91.40-6658.1099 · Leela Infopark, 9th & 10th Floor, Technopark Campus, Plot No. 02, Kariavattom P.O. Trivandrum – 695 581, Kerala, India Tel No: +91 47 1423 2000 Fax: +91 47 1-406 3469 · Srichakra Towers, 2nd Floor, Bandar Road, Patamata, Vijayawada - 520 007, Andhra Pradesh, India Tel No: +91 86 66-67 3000 |
DIRECTORS
AS ON: 31.03.2017
|
Name : |
Mr. Gopala Ramanan Balasubramanian |
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|
Designation : |
Director |
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|
Address : |
46/2A-1A C-307, Gopalan Jewels, Kanakapura, Main Raod, Doddakallasandra 7 TH Mile, Bangalore - 560062, Karnataka, India |
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Date of Birth/Age : |
03.08.1969 |
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Qualification : |
B.Com, FCA, FCS,AICWA |
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Date of Appointment : |
13.06.2012 |
|||||||||||||
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DIN No.: |
02785489 |
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|
|||||||||||||
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Name : |
Mr. Kamal Singh Chopra |
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Designation : |
Additional Director |
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Address : |
House No. 559, Sector 15, Part 1, Gurgaon - 122001, Haryana, India |
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|
03.08.1973 |
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|
CA,CS |
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Date of Appointment : |
09.10.2014 |
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DIN No.: |
06964587 |
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|
|||||||||||||
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Name : |
Mr. Onkar Nath Banerjee |
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Designation : |
Director |
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Address : |
Flat 7, Archana Apartment, A. B. Nair Road, Mumbai-400049, Maharashtra, India |
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Date of Birth/Age : |
08.04.1962 |
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Qualification : |
MBA, CWA, CS, LLB |
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Date of Appointment : |
18.06.2015 |
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|
DIN No.: |
07208712 |
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON: 31.03.2017
|
Names of Shareholders |
No. of Shares |
Percentage of
Holding |
|
Oracle Systems Corporation |
1063794 |
89.28 |
|
Oracle Holdings Inc |
34 |
0.00 |
|
Sun Mincrosystems International Inc |
127200 |
10.68 |
|
Oracle America Inc |
526 |
0.04 |
|
|
|
|
|
Total |
1191554 |
100.00 |
AS ON: 15.09.2017
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Promoters – Body Corporate |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged into Software and Hardware Distribution Business comprises: Software Distribution Business, which comprises of: a) Software license and technical support services b) Other services which includes training, education & consulting services Hardware Distribution Business, which comprises of: c) Marketing services d) Hardware product support services Information Technology Services Business, which comprises of: e) Software development and other IT enabled services. [Registered Activity] |
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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
|
Suppliers : |
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Customers : |
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No. of Employees : |
Not Divulged |
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Bankers : |
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Auditors : |
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Name : |
S.R.Batliboi and Associates LLP Chartered Accountants |
|
Address : |
12th & 13th Floor, "UB City", Canberra Block, No.24, Vittal Mallya Road, Bangalore – 560001, Karnataka, India |
|
PAN No.: |
ACHFS9118A |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Holding company: |
Oracle Systems Corporation, USA |
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Ultimate holding
company: |
Oracle Corporation, USA |
|
|
|
|
Subsidiary company: |
Goldengate Technologies South Asia Private Limited |
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|
Fellow subsidiaries
: |
· Oracle Corporation (South Africa) Proprietary Limited, South Africa · Oracle GMBH, Austria · Oracle East Central Europe Ltd - FI LialeLatvija (Latvia) branch · Oracle Korea Ltd, Korea · Oracle Research & Development Center, Bejing, Ltd., China · Oracle East Central Europe Limited - Branch Bulgaria · Oracle Canada ULC, Canada · Oracle Centroamerica, S.A., Costa Rica · Oracle Systems Ltd - Moroccon Branch · Sistemas Oracle de Chile, S.A, Chile · Oracle Colombia Ltda., Colombia · Oracle Corporation Australia Pty Ltd, Australia · Oracle Corporation Singapore Pte Ltd, Singapore · Oracle Systems Pakistan (Private) Limited, Pakistan · Oracle (Philippines) Corporation, Philippines · Oracle Portugal - Sistemas de informaticoLda., Portugal · Oracle Romania Srl, Romania · Oracle Croatia Software D.O.O., Croatia · Oracle Romania Services · Oracle Nederland B.V. - Moscow Representative Office, Russia · Oracle Srbija&crnagorad.o.o, Serbia · Oracle Software d.o.o. Ljubljana, Slovania · Oracle South Asia · Oracle Solution Services (India) Pvt. Ltd · Oracle Egypt Ltd, Egypt · Oracle EMEA Holdings, Ireland · Oracle Europe Manufacturing Ltd, Ireland · Oracle Finland Oy., Finland · Oracle France S.A.S., France · Oracle Deutschland B.V. & Co. KG, Germany · Oracle Systems Hong Kong Limited, Hong Kong · Oracle Taiwan LLC, Taiwan · PT Oracle Indonesia, Indonesia · Oracle Vietnam Pte. Ltd, Vietnam · Oracle East Central Europe Services BV, Ukraine · Oracle Nigeria, Nigeria · Oracle Ukraine · Oracle Financial Services Software Ltd, India · Oracle Corporation UK Limited, United Kingdom · Oracle Israel Ltd., Israel · Fatwire India Pvt Ltd, India · Sunday Bazar Internet Sales Pvt. Ltd, India · GoAhead India Pvt Ltd, India · Relsys (India) Private Limited, India · Profit Logic Software Pvt. Ltd, India · Waban Software Private Limited, India · Oracle CAPAC Services · Oracle Corporation Malaysia Sdn. Bhd., Malaysia · Oracle (China) Software Systems Company Limited, China · Oracle America, Inc, USA · Oracle Information Systems G.K., Japan · Oracle Senegal SARL, Senegal · Oracle Argentina S.A, Argentina · Oracle Kazakhstan Service · Oracle Corporation Japan · Oracle Belgium BVBA/SPRL., Belgium · Oracle do BrasilSistemasLimitada, Brazil · Oracle de Mexico, S.A. de C.V., Mexico · Oracle Caribbean Inc., Puerto Rico · Oracle Systems Limited, Dubai, MEO · Oracle Research & Development Center, Shenzhen, Ltd., China · Oracle Nederland B.V., Netherland · Oracle New Zealand Limited, New Zealand · Oracle Norge AS., Norway · Sistemas Oracle del Peru, S.A., Peru · Oracle PolskaSp.z.o.o., Poland · Oracle Corporation (Thailand) Company Limited, Thailand · Oracle Russia License · Saudi Branch of Oracle Systems Ltd, Saudi Arabia · Oracle SlovenskoSpols.r.o., Slovakia · Oracle Czech s.r.o., Czech Republic · Oracle Denmark Aps, Denmark · Oracle East Central Europe Limited Eestifiliaal, Estonia · Oracle Iberia, S.R.L., Spain · Oracle Svenska AB, Sweden · Oracle GMBH, Switzerland · Oracle Corporation Malaysia Sdn. Bhd, Malaysia · Oracle Hungary Kft., Hungary · Oracle BilgisayarSistemleri Limited Sirketi, Turkey · Oracle Ireland Limited, Ireland · Oracle de Venezuela, C.A., Venezuela · Oracle Hellas SMLLC, Greece · Oracle Italy · Oracle DIC Africa Ops license · Oracle MAK and Malta · Oracle Middle East · Oracle East Central Europe Limited Filialas, Lithuania · Oracle Luxembourg Sarl, Luxembourg · JD Edwards Pvt Ltd, India · Oracle Bosnia Herzegovina, Bosnia · Amberpoint Technology India Pvt Ltd, India · Phase Forward Softwares Services India Pvt Ltd, India · People Soft India Private Limited, India · Tekelec Systems India Private Limited, India · Bitzermobile India Private Limited, India · Responsys Business Solutions India Private Limited, India · Fidelio India Private Limited, India · Oracle Scotland Limited, United Kingdom |
CAPITAL STRUCTURE
AS ON: 15.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
25236341 |
Equity Shares |
INR 10/- each |
INR 252.363 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1191554 |
Equity Shares |
INR 10/- each |
INR 11.916
Million |
|
|
|
|
|
AS ON: 31.03.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
8050000 |
Equity Shares |
INR 10/- each |
INR 80.500 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1125743 |
Equity Shares |
INR 10/- each |
INR 11.250
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are in
INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
11.250 |
11.250 |
11.250 |
|
(b) Reserves and Surplus |
6531.750 |
10255.750 |
6443.750 |
|
(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) |
6543.000 |
10267.000 |
6455.000 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
13267.000 |
12518.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long-term
liabilities |
714.000 |
808.000 |
580.000 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
13981.000 |
13326.000 |
580.000 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade
payables |
10789.000 |
6485.000 |
16067.000 |
|
(c) Other
current liabilities |
12586.000 |
11923.000 |
10549.000 |
|
(d) Short-term
provisions |
10791.000 |
2911.000 |
2081.000 |
|
Total Current
Liabilities (4) |
34166.000 |
21319.000 |
28697.000 |
|
|
|
|
|
|
TOTAL |
54690.000 |
44912.000 |
35732.000 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
7811.000 |
7039.000 |
6242.000 |
|
(ii)
Intangible Assets |
43.000 |
3.000 |
20.000 |
|
(iii) Tangible assets capital
work-in-progress |
650.000 |
640.000 |
64.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
1801.000 |
1460.000 |
1177.000 |
|
(d)
Long-term loans and advances |
15709.000 |
15310.000 |
12164.000 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
26014.000 |
24452.000 |
19667.000 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
563.000 |
590.000 |
494.000 |
|
(c) Trade
receivables |
9323.000 |
7069.000 |
8466.000 |
|
(d) Cash and
bank balances |
12908.000 |
6220.000 |
3473.000 |
|
(e)
Short-term loans and advances |
1349.000 |
1526.000 |
1299.000 |
|
(f) Other
current assets |
4533.000 |
5055.000 |
2333.000 |
|
Total
Current Assets |
28676.000 |
20460.000 |
16065.000 |
|
|
|
|
|
|
TOTAL |
54690.000 |
44912.000 |
35732.000 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
77851.000 |
71088.000 |
62553.000 |
|
|
Other Income |
286.000 |
336.000 |
131.000 |
|
|
TOTAL |
78137.000 |
71424.000 |
62684.000 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Employee benefit expense |
36290.000 |
31690.000 |
28857.000 |
|
|
CSR expenditure |
76.000 |
34.000 |
0.000 |
|
|
Other expenses |
32209.000 |
31622.000 |
27604.000 |
|
|
Prior period items |
(258.000) |
92.000 |
23.000 |
|
|
TOTAL |
68317.000 |
63438.000 |
56484.000 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
9820.000 |
7986.000 |
6200.000 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
1480.000 |
62.000 |
47.000 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
8340.000 |
7924.000 |
6153.000 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
2699.000 |
2042.000 |
1605.000 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE
TAX |
5641.000 |
5882.000 |
4548.000 |
|
|
|
|
|
|
|
Less |
TAX |
2057.000 |
2035.000 |
1574.000 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
3584.000 |
3847.000 |
2974.000 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
49943.000 |
43784.000 |
38642.000 |
|
|
TOTAL EARNINGS |
49943.000 |
43784.000 |
38642.000 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Components and spare
parts |
831.000 |
722.000 |
625.000 |
|
|
Capital Goods |
760.000 |
978.000 |
868.000 |
|
|
TOTAL IMPORTS |
1591.000 |
1700.000 |
1493.000 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
3184.00 |
3417.00 |
2642.00 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Maturities of Long term debt |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Net cash flows from (used in) operations |
13904.000 |
(1980.000) |
9016.000 |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
11004.000 |
(6248.000) |
5406.000 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
43.71 |
36.30 |
49.40 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
8.35 |
10.06 |
7.39 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
17.44 |
13.54 |
12.55 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
1.15 |
1.04 |
0.98 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.87 |
0.75 |
0.80 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
2.03 |
1.22 |
0.00 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
5.22 |
2.08 |
4.45 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
1.30 |
0.75 |
0.98 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
6.64 |
128.81 |
131.91 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
4.60 |
5.41 |
4.75 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
6.55 |
8.57 |
8.32 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
54.78 |
37.47 |
46.07 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current
Assets / Current Liabilities) |
0.84 |
0.96 |
0.56 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current Liabilities) |
0.82 |
0.93 |
0.54 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.12 |
0.23 |
0.18 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
1179.29 |
1112.71 |
0.00 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
0.84 |
0.96 |
0.56 |
Total
Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term
debts
FINANCIAL ANALYSIS
[all figures are
in INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Share Capital |
11.250 |
11.250 |
11.250 |
|
Reserves & Surplus |
6443.750 |
10255.750 |
6531.750 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
6455.000 |
10267.000 |
6543.000 |
|
|
|
|
|
|
Long-term borrowings |
0.000 |
12518.000 |
13267.000 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
0.000 |
12518.000 |
13267.000 |
|
Debt/Equity
ratio |
0.000 |
1.219 |
2.028 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Sales |
62553.000 |
71088.000 |
77851.000 |
|
|
|
13.644 |
9.514 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Sales |
62553.000 |
71088.000 |
77851.000 |
|
Profit/ (Loss) |
2974.000 |
3847.000 |
3584.000 |
|
|
4.75
% |
5.41
% |
4.60
% |
LEGAL CASES
HIGH COURT
|
PR COMMISSIONER OF INCOME TAX7 Vs. ORACLE INDIA PVT. LTD |
|
high court-Delhi |
|
Case no:W.P.(C) 121/2018 CM APPL. 561/2018 |
|
Case status:Pending |
|
Judge:HON BLE MR. JUSTICE SANJIV KHANNA HON BLE MR. JUSTICE CHANDER SHEKHAR |
|
Date:2018-01-08 |
|
SOFTWARE TECHNOLOGY PARKS OF INDIA Vs. MS ORACLE INDIA PVT LTD & ANR |
|
high court-Delhi |
|
Case no:CS(OS) 3793/2014 I.A. 24729/2014 I.A. 8446/2015 I.A. 5221/2016 |
|
Case status:Pending |
|
Judge:HON BLE MS. JUSTICE HIMA KOHLI |
|
Date:2016-09-01 |
|
SOFTWARE TECHNOLOGY PARKS OF INDIA Vs. MS ORACLE INDIA PVT LTD & ANR |
|
high court-Delhi |
|
Case no:I.A. 24729/2014 I.A. 8446/2015 I.A. 5221/2016 In CS(OS) 3793/2014 |
|
Case status:Pending |
|
Judge:HON BLE MR. JUSTICE VIBHU BAKHRU |
|
Date:2016-07-22 |
|
RANMEET SINGH CHAHAL Vs. ORACLE INDIA PVT. LTD. & ORS. |
|
high court-Delhi |
|
Case no:CS(OS) 286/2017 I.A. 7145/2017 I.A. 7146/2017 I.A. 7147/2017 I.A. 7217/2017 |
|
Case status:Pending |
|
Judge:HON BLE MR. JUSTICE MANMOHAN |
|
Date:2017-07-04 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
No |
|
8 |
Designation of contact person |
No |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
Yes |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
No |
|
21 |
Banking facility details |
No |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
No |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
Yes |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
INDEX OF CHARGES: NO CHARGES
EXISTS FOR COMPANY
UNSECURED LOANS
|
PARTICULARS |
31.03.2016 (INR
In Million) |
31.03.2015 (INR
In Million) |
|
LONG-TERM BORROWINGS |
|
|
|
Other external commercial borrowings |
13267.000 |
12518.000 |
|
|
|
|
|
Total |
13267.000 |
12518.000 |
CHANGE OF ADDRESS:
The Registered address of the company has been shifted from 3rd Floor,
IFCI Tower, Nehru Place, New Delhi – 110019, India to the present address w.e.f
30.03.2012
CONTINGENT
LIABILITIES:
|
Particulars |
31.03.2016 (INR
In Million) |
31.03.2015 (INR
In Million) |
|
Claims against company not acknowledged as debt |
347.000 |
347.000 |
|
Guarantees |
973.000 |
941.000 |
|
Other money for which company is contingently liable |
0.000 |
28834.000 |
CORPORATE INFORMATION
Subject was incorporated on January 18, 1993. The Company is a wholly owned subsidiary of Oracle Systems Corporation, USA. The ultimate holding company is Oracle Corporation, USA. The Company is engaged in sale of Oracle Corporation's products and service offerings in India. Further, the Company also renders software development services, software consultancy services, information technology (IT) enabled services and marketing services to the Oracle Group.
During the year ended March 31, 2011, pursuant to a Scheme of Arrangement (Scheme I) under Sections 391 to 394 of the Companies Act, 1956, Agile Software Enterprise Private Limited (‘Agile’), Portal Information Technology India Private Limited (‘Portal India’) and BEA Systems India Technology Centre Private Limited (‘BEA Technology’) merged with the Company on a going concern basis. The appointed date of the Scheme I was April 1, 2009 which was sanctioned by Hon’ble High Court of Karnataka and Hon’ble High Court of Delhi vide its order dated September 24, 2010 and March 23, 2011, respectively.
Also,
during the year ended March 31, 2011, pursuant to a Scheme of Arrangement
(Scheme II) under Sections 391 to 394 of the Companies Act, 1956, Sun
Microsystems India Private Limited (‘Sun India’), a group company in India
merged with the Company on a going concern basis. The ‘appointed date’ of the
Scheme II was April 1, 2010. The scheme was sanctioned by Hon’ble High Court of
Karnataka and Hon’ble High Court of Delhi vide its order dated June 16, 2011
and July 08, 2011, respectively.
COMPANY’S
PERFORMANCE
During
the year, the Company’s total income was INR Nil (Previous Year INR Nil) and
incurred a Total expenditure of INR Nil (Previous Year INR 6) and recorded a
profit of INR 893 (Previous Year INR 16,884)
AMALGAMATION
The Company has filed a Joint application with the Honorable High Court of Delhi on April 22, 2016, under the Company application number (M.) 66 of 2016 in the matter of the Scheme of Arrangement withthe group companies namely Logical Apps Solutions Private Limited, Amberpoint Technology India Private Limited, Sunday Bazar Internet Sales Private Limited, Proplesoft India Private Limited, J.D. Edwards Software India Private Limited, Fatwire Software India Private Limited, Fidelio India Private Limited, Sophoi Technologies Private Limited, Bitzer Mobile India Private Limited, GoldenGate Technologies South Asia Private Limited, Phase Forward Software Services Private Limited, Profit Logic Software Private Limited, Relsys (India) Private Limited and Sibel Systems Software (India) Private Limited with the Company.
FIXED ASSETS:
Tangible assets
· Land
· Buildings
· Furniture and fixtures
· Vehicles
· Computer equipments
· Office equipment
· Leasehold improvements
Intangible assets
· Goodwill
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 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
|
INR |
|
US Dollar |
1 |
INR 64.93 |
|
UK Pound |
1 |
INR 91.50 |
|
Euro |
1 |
INR 79.69 |
INFORMATION DETAILS
|
Information
Gathered by : |
PNM |
|
|
|
|
Analysis Done by
: |
PRS |
|
|
|
|
Report Prepared
by : |
RUP |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--LITIGATION |
YES/NO |
YES |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably on
secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the business
is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
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 are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.