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|
MIRA INFORM REPORT
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Report No. : |
503723 |
|
Report Date : |
13.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
PAYU PAYMENTS PRIVATE LIMITED [w.e.f. 19.03.2014] |
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|
|
|
Formerly Known
As : |
IBIBO WEB PRIVATE LIMITED [w.e.f. 22.08.2007] MIH WEB PRIVATE LIMITED [w.e.f. 26.09.2006] SP WEB PRIVATE LIMITED |
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Registered
Office : |
32, Viraj Building, SV Road above HDFC Bank, Khar West,
Mumbai – 400052, Maharashtra |
|
Tel. No.: |
91-124-6624800 |
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|
Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of
Incorporation : |
24.05.2006 |
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Com. Reg. No.: |
11-293037 |
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Capital
Investment / Paid-up Capital : |
INR 17636.931 Million |
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CIN No.: [Company Identification
No.] |
U72400MH2006PTC293037[New] U72400DL2006PTC218612 [Old] |
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IEC No.: [Import-Export Code No.] |
Not Available |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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GSTN : [Goods & Service Tax
Registration No.] |
27AAJCS9091D1Z0 |
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PAN No.: [Permanent Account No.] |
AAJCS9091D |
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Legal Form : |
Private Limited Liability Company. |
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Line of Business
: |
Subject is engaged in the business of providing payment gateway services for e commerce transactions. [Registered Activity] |
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No. of Employees
: |
Information declined by the management
|
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 |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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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 a subsidiary of “MIH India (Mauritius) Limited, Mauritius”
and was incorporated in the year 2006. The company has strong financial base, healthy capital structure along
with debt free balance sheet. Rating takes into consideration strong managerial and financial
support received to the company from its holding entity. Further, the company also derives strength from its improving revenue
profile as compared to previous year, its well-established track record of
business operations and market position. However, rating strength is partially offset due to continuously
losses incurred by the company which has reported negative reserves position. Trade relations are reported as fair. Business is active. Payments are
slow but correct. The company can be considered for business dealings at usual trade
terms and condition. |
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 |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
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
31-03-2018.
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 13.04.2018.
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 DENIED
Management Non-Cooperative (Tel. No.: 91-124-6624800 / 6793000 /
91-80-428942323)
Tel. No.: 91-124-6749000 Not Working
91-22-6624800 is
incorrect.
LOCATIONS
|
Registered Office : |
32, Viraj Building, SV Road, Above HDFC Bank, Khar (West), Mumbai – 400052, Maharashtra, India |
|
Tel. No.: |
Not Available |
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Fax No.: |
Not Available |
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E-Mail : |
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Website : |
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Corporate Office: |
4th Floor, Pearl global Tower, Plot No. 51, Gurugram –
122001, Haryana, India |
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|
Headquarters: |
9th Floor, Bestech Business Tower, Sohna Road, Sector 48, Gurugram - 122004, Haryana, India |
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Tel. No.: |
91-124-6624801 |
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|
|
|
Regional Office: |
KVD Towers, Floor 2, # 7/3, Old Madras Road,Indira Nagar, Bengalore-560038, Karnataka, India |
|
Tel. No.: |
91-80 42842323 / 01 |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Bairavarasu Amrish Rau |
|
Designation : |
Director |
|
Address : |
A/13, Sagar- Darshan, 308, Carter Road, Khar, Mumbai – 400052, Maharashtra, India |
|
Date of Appointment : |
01.12.2016 |
|
DIN No.: |
02008811 |
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|
|
|
Name : |
Mr. Aakash Moondhra |
|
Designation : |
Director |
|
Address : |
BPB-162, Belvedere Park, DLF Phase III, Gurugram -122002, Haryana, India |
|
Date of Appointment : |
23.09.2016 |
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DIN No.: |
02654599 |
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|
|
|
Name : |
Mr. Jitendra Bajrang Lal Gupta |
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Designation : |
Director |
|
Address : |
H-203, Building No-1, Green Woods, German Remidies A.K. Road ,Chakala, Andheri (East), Mumbai – 400069, Maharashtra, India |
|
Date of Appointment : |
01.12.2016 |
|
DIN No.: |
03341028 |
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|
|
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Name : |
Mr. Shilaz Nag |
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Designation : |
Director |
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Address : |
Wellington Estate, Tower 3, Flat No. 31, DLF Phase-V, Gurugram -122002, Haryana, India |
|
Date of Birth/Age : |
25.10.1977 |
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Date of Appointment : |
27.09.2014 |
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Qualification: |
Mba And Chartered Accountant |
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PAN No.: |
ADBPN5380J |
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DIN No.: |
05258284 |
KEY EXECUTIVES
|
Name : |
Mr. Maneesh Goel |
|
Designation : |
Chief Financial Officer |
|
Address : |
H-015, Ridgewood Estate, DLF Phase-4, Gurugram -122002, Haryana, India |
|
Date of Appointment : |
04.01.2017 |
|
PAN No.: |
ABLPG5981G |
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|
|
|
Name : |
Ms. Mikita Goel |
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Designation : |
Company Secretary |
|
Address : |
3/11, Pratap Nagar, Gurugram -122002, Haryana, India |
|
Date of Appointment : |
03.10.2016 |
|
PAN No.: |
AWCPG3225B |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
MIH India (Mauritius) Limited, Mauritius |
|
1462854267 |
|
MIH PayU B.V., Netherlands |
|
1 |
|
PayU Global BV, Netherlands |
|
300838821 |
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|
|
|
|
Total |
|
1763693089 |
Equity Share Break up (Percentage of Total Equity)
As on 25.09.2017
|
Category |
Percentage |
|
Promoter - Bodies
corporate |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the business of providing payment gateway services for e commerce transactions. [Registered Activity] |
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Products : |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
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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Auditors : |
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Name : |
Price Waterhouse Chartered Accountants LLP Chartered Accountants |
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Address : |
Building B, 7th & 8th Floor, Tower B, DLF Cyber City, Gurugram-122002, Haryana, India |
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PAN No.: |
AAAFP8828M |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Holding Companies: |
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Other Related
Parties: |
U72900DL2012PTC233343]
[CIN NO.: U72200DL2006PTC271373]
U74999DL2006PTC155233]
|
CAPITAL STRUCTURE
AFTER 31.03.2017
Authorised Capital : INR 35000.000 Million
Issued, Subscribed & Paid-up Capital : INR 18070.002
Million
As on 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2500050000 |
Equity Shares |
INR 10/- each |
INR 25000.500 Million |
|
999950000 |
Preference Shares |
INR 10/- each |
INR 9999.500 Million |
|
|
|
|
|
|
|
Total |
|
INR 35000.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1763693089 |
Equity Shares |
INR 10/- each |
INR
17636.931 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
17636.931 |
8447.842 |
6797.842 |
|
(b) Reserves and Surplus |
(8696.829) |
(7129.829) |
(5419.716) |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
(d) Minority interest |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
8940.102 |
1318.013 |
1378.126 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long-term
liabilities |
109.603 |
52.017 |
12.701 |
|
(d) long-term
provisions |
39.141 |
36.063 |
45.132 |
|
Total Non-current
Liabilities (3) |
148.744 |
88.080 |
57.833 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade
payables |
491.150 |
235.467 |
146.193 |
|
(c) Other
current liabilities |
695.672 |
151.547 |
153.664 |
|
(d) Short-term
provisions |
4.018 |
6.888 |
8.607 |
|
Total Current
Liabilities (4) |
1190.840 |
393.902 |
308.464 |
|
|
|
|
|
|
TOTAL |
10279.686 |
1799.995 |
1744.423 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
119.127 |
135.824 |
53.438 |
|
(ii)
Intangible Assets |
59.384 |
12.798 |
6.012 |
|
(iii) Tangible assets
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 |
2433.526 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
6.547 |
6.741 |
34.652 |
|
(e) Other
Non-current assets |
4.205 |
0.250 |
0.430 |
|
Total Non-Current
Assets |
2622.789 |
155.613 |
94.532 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
0.000 |
6.967 |
0.000 |
|
(c) Trade
receivables |
80.696 |
57.614 |
23.687 |
|
(d) Cash and
bank balances |
6763.542 |
1065.985 |
1385.723 |
|
(e)
Short-term loans and advances |
464.223 |
429.339 |
228.761 |
|
(f) Other
current assets |
348.436 |
84.477 |
11.720 |
|
Total Current
Assets |
7656.897 |
1644.382 |
1649.891 |
|
|
|
|
|
|
TOTAL |
10279.686 |
1799.995 |
1744.423 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
3068.370 |
1845.104 |
1228.671 |
|
|
Other Income |
45.823 |
60.800 |
16.158 |
|
|
TOTAL |
3114.193 |
1905.904 |
1244.829 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Purchases of
Stock-in-Trade |
46.907 |
18.239 |
0.000 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
6.967 |
(6.967) |
0.000 |
|
|
Employee benefit expense |
1004.973 |
687.228 |
355.584 |
|
|
Other expenses |
3544.074 |
2874.870 |
1464.543 |
|
|
TOTAL |
4602.921 |
3573.370 |
1820.127 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
(1488.728) |
(1667.466) |
(575.298) |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
(1488.728) |
(1667.466) |
(575.298) |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
78.271 |
42.647 |
14.188 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
(1566.999) |
(1710.113) |
(589.486) |
|
|
|
|
|
|
|
Less |
TAX |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
(1566.999) |
(1710.113) |
(589.486) |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
(0.888) |
(2.024) |
(0.867) |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
0.000 |
0.000 |
0.000 |
|
Net cash flows from (used in) operations |
(4469.128) |
(1989.425) |
(762.998) |
|
Net cash flows from (used in) operating activities |
(4469.128) |
(1989.425) |
(762.998) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days [Sundry Debtors / Income * 365] |
|
9.60 |
11.40 |
7.04 |
|
|
|
|
|
|
|
Account Receivables Turnover [Income / Sunday Debtors] |
|
38.02 |
32.03 |
51.87 |
|
|
|
|
|
|
|
Average Payment Days [Sundry Creditors /
Purchases * 365] |
|
3821.81 |
4712.18 |
0.00 |
|
|
|
|
|
|
|
Inventory Turnover [Operating Income /
Inventories] |
|
0.00 |
(239.34) |
0.00 |
|
|
|
|
|
|
|
Asset Turnover [Operating Income / Net Fixed
Assets] |
|
(8.34) |
(11.22) |
(9.68) |
LEVERAGE RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio [(Borrowing + Current Liabilities) / Total Assets] |
|
0.12 |
0.22 |
0.18 |
|
|
|
|
|
|
|
Debt Equity Ratio (Borrowings / NetWorth) |
|
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities
/ NetWorth) |
|
0.13 |
0.30 |
0.22 |
|
|
|
|
|
|
|
Fixed Assets to NetWorth (Net Fixed Assets /
NetWorth) |
|
0.02 |
0.11 |
0.04 |
|
|
|
|
|
|
|
Interest Coverage Ratio [PBIT / Financial
Charges] |
|
0.00 |
0.00 |
0.00 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin [(PAT / Sales) * 100] |
(%) |
(51.07) |
(92.68) |
(47.98) |
|
|
|
|
|
|
|
Return on Total Assets [(PAT / Total Assets)
* 100] |
(%) |
(15.24) |
(95.01) |
(33.79) |
|
|
|
|
|
|
|
Return on Investment (ROI) [(PAT / NetWorth)
* 100] |
(%) |
(17.53) |
(129.75) |
(42.77) |
SOLVENCY RATIO
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio [Current Assets / Current Liabilities] |
|
6.43 |
4.17 |
5.35 |
|
|
|
|
|
|
|
Quick Ratio [(Current Assets - Inventories)
/ Current Liabilities] |
|
6.43 |
4.16 |
5.35 |
|
|
|
|
|
|
|
G-Score Ratio Financial [NetWorth / Total
Assets] |
|
0.87 |
0.73 |
0.79 |
|
|
|
|
|
|
|
G-Score Ratio Debt [Debts / Equity Capital] |
|
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
G-Score Ratio Liquidity [Total Current
Assets / Total Current Liabilities] |
|
6.43 |
4.17 |
5.35 |
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 |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR In Million |
INR In Million |
INR In Million |
|
Share Capital |
6797.842 |
8447.842 |
17636.931 |
|
Reserves & Surplus |
(8696.829) |
(7129.829) |
(8696.829) |
|
Net worth |
(1898.987) |
1318.013 |
8940.102 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total borrowings |
0.000 |
0.000 |
0.000 |
|
Debt/Equity ratio |
0.000 |
0.000 |
0.000 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR In Million |
INR In Million |
INR In Million |
|
Sales |
1228.671 |
1845.104 |
3068.370 |
|
|
|
50.171 |
66.298 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR In Million |
INR In Million |
INR In Million |
|
Sales |
1228.671 |
1845.104 |
3068.370 |
|
Profit |
(589.486) |
(1710.113) |
(1566.999) |
|
|
(47.98%) |
(92.68%) |
(51.07%) |
ABRIDGED
BALANCE SHEET – (CONSOLIDATED)
|
SOURCES OF FUNDS |
|
31.03.2017 |
31.03.2016 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
17636.931 |
8447.842 |
|
(b) Reserves and Surplus |
|
(9013.056) |
(7129.829) |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
(d) Minority interest |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
8623.875 |
1318.013 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long-term
liabilities |
|
109.603 |
52.017 |
|
(d) long-term
provisions |
|
39.141 |
36.063 |
|
Total Non-current
Liabilities (3) |
|
148.744 |
88.080 |
|
|
|
|
|
|
(4) Current
Liabilities |
|
|
|
|
(a) Short-term
borrowings |
|
0.000 |
0.000 |
|
(b) Trade
payables |
|
491.150 |
235.467 |
|
(c) Other
current liabilities |
|
695.672 |
151.547 |
|
(d) Short-term
provisions |
|
4.018 |
6.888 |
|
Total Current Liabilities
(4) |
|
1190.840 |
393.902 |
|
|
|
|
|
|
TOTAL |
|
10279.686 |
1799.995 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
119.127 |
135.824 |
|
(ii)
Intangible Assets |
|
59.384 |
12.798 |
|
(iii) Tangible assets
capital work-in-progress |
|
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
2117.299 |
0.000 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
|
6.547 |
6.741 |
|
(e) Other
Non-current assets |
|
4.205 |
0.250 |
|
Total Non-Current
Assets |
|
2306.562 |
155.613 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
0.000 |
6.967 |
|
(c) Trade
receivables |
|
80.696 |
57.614 |
|
(d) Cash and
bank balances |
|
6763.542 |
1065.985 |
|
(e)
Short-term loans and advances |
|
464.223 |
429.339 |
|
(f) Other
current assets |
|
348.436 |
84.477 |
|
Total Current
Assets |
|
7656.897 |
1644.382 |
|
|
|
|
|
|
TOTAL |
|
10279.686 |
1799.995 |
PROFIT
& LOSS ACCOUNT– (CONSOLIDATED)
|
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
|
3068.370 |
1845.104 |
|
|
Other Income |
|
45.823 |
60.800 |
|
|
TOTAL |
|
3114.193 |
1905.904 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Purchases of
Stock-in-Trade |
|
46.907 |
18.239 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
6.967 |
(6.967) |
|
|
Employee benefit expense |
|
1004.973 |
687.228 |
|
|
Other expenses |
|
3544.074 |
2874.870 |
|
|
Exceptional items before tax |
|
316.228 |
0.000 |
|
|
TOTAL |
|
4602.921 |
3573.370 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
|
(1804.956) |
(1667.466) |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
(1804.956) |
(1667.466) |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
|
78.271 |
42.647 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
|
(1883.227) |
(1710.113) |
|
|
|
|
|
|
|
Less |
TAX |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
|
(1883.227) |
(1710.113) |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
(1.068) |
(2.024) |
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 |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
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 |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the Annual
Report |
No |
GENERAL INFORMATION
Subject was incorporated in India on May 24, 2006 and is engaged primarily in payment gateway services for e commerce transactions. PayU Payments Private Limited is the subsidiary of MIH India (Mauritius) Limited.
BRIEF DESCRIPTION OF
THE COMPANYS WORKING DURING THE YEAR/STATE OF COMPANY’S AFFAIR
There has been increase in the revenues of the company by more than 63% in comparison to last financial year however the company incurred losses of INR 1566.999 Million during the current financial year.
INDEX
OF CHARGES: NO CHARGES EXIST FOR THE COMPANY
FIXED ASSETS
- Furniture and fixtures
- Office equipment
- Computer equipment
- 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 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 65.35 |
|
|
1 |
INR 92.70 |
|
Euro |
1 |
INR 80.80 |
INFORMATION DETAILS
|
Information
Gathered by : |
KMN |
|
|
|
|
Analysis Done by
: |
PRA |
|
|
|
|
Report Prepared
by : |
JYO |
SCORE FACTORS
|
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 |
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.