MIPL-Logo

3decades

 

MIRA INFORM REPORT

 

 

Report No. :

504113

Report Date :

18.04.2018

 

 

 

IDENTIFICATION DETAILS

 

Name :

CAPGEMINI TECHNOLOGY SERVICES INDIA LIMITED

 

 

Registered Office :

Plot No. 14, Rajiv Gandhi Infotech Park, Hinjewadi, Phase – III, MIDC-SEZ, Village Man, Taluka Mulshi, Pune – 411057, Maharashtra

Tel. No.:

91-80-41040000

 

 

Country :

India

 

 

Financials (as on) :

31.03.2017

 

 

Date of Incorporation :

27.12.1993

 

 

Com. Reg. No.:

11-145950

 

 

Capital Investment / Paid-up Capital :

INR 591.400 Million

 

 

CIN No.:

[Company Identification No.]

U85110PN1993PLC145950

 

 

TIN No.:

27260998226

 

 

IEC No.:

[Import-Export Code No.]

0793017491

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

Not Available

 

 

PAN No.:

[Permanent Account No.]

AABCM4573E

 

 

GSTN :

[Goods & Service Tax Registration No.]

27AABCM4573E1ZJ

 

 

Legal Form :

A Closely Held Public Limited Liability Company.

 

 

Line of Business :

The Company is primarily engaged in providing Information Technology ("IT") and IT - enabled operations offshore outsourcing solutions and services to large and medium-sized organizations using an offshore/onsite model. (Registered activity)

 

 

No. of Employees :

97663 (Approximately)

 

 

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

 

Status :

Excellent

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

 

 

Comments :

Subject is an established company incorporated in the year 1993 and it is having excellent track.

 

For the financial year 2017, the company has increased in its revenue from operations as compared to previous year and maintained decent profit margin of 13.34%.

 

Rating takes into consideration strong financial profile of the company marked by healthy networth base and debt free balance sheet.

 

Further, rating also derives strength from its extensive experience of promoters as well as established market position, improvement in the revenue profile and healthy liquidity position during the year.

 

Trade relations are reported as fair. Business is active. Payments 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.

 

(Note- Pursuant to the global acquisition of IGATE group, the Board of Directors of Capgemini India Private Limited ("CIPL") had approved the merger of CIPL with the IGATE Global Solutions Limited (IGSL). Consequently, CIPL had filed a scheme of merger with the Bombay High court on 3 February 2016 whereby the entire business and undertaking of CIPL had been transferred to the IGSL.

 

During the current year, the Company has filed for change in name from IGATE Global Solutions Limited to its current name “Capgemini Technology Services India Limited” and same has been approved by ROC of Mumbai / Bangalore on dated 16 December 2016.)

 

 

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 18.04.2018

 

 

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 (91-22-66860500)

 

 

LOCATIONS

 

Registered Office :

Plot No.14, Rajiv Gandhi Infotech Park, Hinjewadi, Phase – III, MIDC-SEZ, Village Man, Taluka Mulshi, Pune – 411057, Maharashtra, India

Tel. No.:

91-20-66991000

Fax No.:

91-20-39842082

E-Mail :

mukund.srinath@igate.com

pune@igate.com

armin.billimoria@capgemini.com

Website :

http://www.igate.com

Location :

Owned

 

 

Head Office :

Plant 2, Block A,B and C, Godrej IT Park, Godrej and Boyce Compound, LBS Marg, Vikhroli (West), Mumbai – 400079, Maharashtra, India

 

 

Headquarters / Corporate Office :

Plot No:158-162P and 165-170P, EPIP Phase II, Whitefield, Bangalore – 560066, Karnataka, India

Tel. No.:

91-80-41040000

Fax No.:

91-80-41259090

 

 

Administrative Office :

Level II, Tower 3, Cyber City, Maga Magarpatta City, Hadapsar Pune – 411013, Maharashtra, India 

 

 

Training Centre :

iGATE Training Centre, Akshay Tech Park, Jayalashmi Exports and Imports, Plot No.72 and 73, EPIP Industrial Area, Whitefield, Bangalore – 560066, Karnataka, India

Tel. No.:

91-80-39839700

Fax No.:

91-80-41259090

 

 

Global Delivery Centre :

Located at:

 

·         Bangalore

·         Chennai

·         Hyderabad

·         Mumbai

·         Navi Mumbai

·         Pune

·         Noida

·         Gandhinagar

 

 

Overseas Sales Office :

Located at:

 

·         Australia

·         China

·         Indonesia

·         Japan

·         Malaysia

·         Mauritius

·         Singapore

 

 

Overseas Global Delivery Centre :

Located at:

 

·         Australia

·         China

 

 

DIRECTORS

 

As on 31.03.2017

 

Name :

Mr. Ramaswamy Rajaraman

Designation :

Director

Address :

No 20, 3rd A Main, 8th Cross, Vijayanagar, 2nd Stage, Bangalore – 560040, Karnataka, India

Date of Birth/ Age :

10.04.1953

Qualification :

CS, CA

Date of Appointment :

13.02.2015

DIN No.:

00038146

 

 

Name :

Mr. Hubert Paul Henri Giraud

Designation :

Director

Address :

14, Rue Barbette, Paris 75003, France

Date of Birth/ Age :

17.06.1957

Qualification :

Institut d’Etudes Politiques de Paris, Ecole Nationaled’ Administration

Date of Appointment :

16.10.2015

DIN No.:

00817709

 

 

Name :

Ms. Kalpana Rao

Designation :

Director

Address :

314, Admiralty Manor, 6th Main, Indira Nagar, 2nd Stage, Bangalore – 560008, Karnataka, India

Date of Birth/ Age :

19.01.1964

Qualification :

BA, Civil Services

Date of Appointment :

13.02.2015

DIN No.:

07093566

 

Name :

Aruna Jayanthi

Designation :

Director

Address :

Flat No 203, 2nd Floor, Athene Raheja Acropolis Deonar, Mumbai – 400088, Maharashtra, India

Date of Appointment :

04.05.2017

DIN No.:

00817860

 

Name :

Srinivasa Rao Kandula

Designation :

Managing Director

Address :

Villa No 6, Pearl Residency, Munnekolalla, Marthahalli Outer Ring Road, Bangalore – 560037, Karnataka, India

Date of Appointment :

04.05.2017

DIN No.:

07412426

 

Name :

Ashwin Ashok Yardi

Designation :

Director

Address :

303, Oberoi Splendor Grande Jogeshwari Vikhroli Link Road, Jogeshwari – East, Mumbai – 400060, Maharashtra, India

Date of Appointment :

04.05.2017

DIN No.:

07799277

 

Name :

Ritesh Talapatra

Designation :

Director

Address :

F 301, 3rd Floor, Yoopune, Survey No 136/137, Near Magarpatta City, Hadapsar, Pune – 411028, Maharashtra, India

Date of Appointment :

11.08.2017

DIN No.:

07849732

 

Name :

Paul Benjamin Hermelin

Designation :

Director

Address :

54 Rue De Bassano Paris 75008 France

Date of Appointment :

11.08.2017

DIN No.:

07887276

 

Name :

Karine Nicole Marchat

Designation :

Director

Address :

71 Bis Rue De Vaugirard Paris 75006 France

Date of Appointment :

11.08.2017

DIN No.:

07901978

 

 

KEY EXECUTIVES

 

Name :

Armin Behram Billimoria

Designation :

Company Secretary

Address :

R-17, Godrej Baug, Off Nepeansea Road, Mumbai – 400026, Maharashtra, India

Date of Appointment :

07.03.2017

PAN No.:

AADPB5862E

 

 

Name :

Karine Nicole Marchat

Designation :

CFO(KMP)

Address :

71 Bis Rue De Vaugirard Paris 75006 France

Date of Appointment :

04.05.2017

PAN No.:

DQKPM5473C

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

As on 31.03.2017

 

SHAREHOLDER’S DETAILS FILE ATTACHED

 

 

Equity Share Break up (Percentage of Total Equity)

 

As on 27.09.2017

 

Category

Percentage

Promoter - Bodies corporate

99.77

Public  – (Individual/ Hindu Undivided Family – Indian)

0.22

Total

100.00

 

 

BUSINESS DETAILS

 

Line of Business :

The Company is primarily engaged in providing Information Technology ("IT") and IT - enabled operations offshore outsourcing solutions and services to large and medium-sized organizations using an offshore/onsite model. (Registered activity)

 

 

Products :

Item Code No.

Product Description

99831319

Revenue from Software Operations, Other information technology and

computer service activities

 

 

Brand Names :

Not Divulged

 

 

Agencies Held :

Not Divulged

 

 

Exports :

Not Divulged

 

 

Imports :

Not Divulged

 

 

Terms :

Not Divulged

 

PRODUCTION STATUS NOT AVAILABLE

 

 

GENERAL INFORMATION

 

Suppliers :

Reference :

Not Divulged

Name of the Person :

--

Contact No.:

--

Since How Long Known :

--

Maximum Limit Dealt :

--

Experience :

--

Remark:

--

 

 

Customers :

Reference :

Not Divulged

Name of the Person :

--

Contact No.:

--

Since How Long Known :

--

Maximum Limit Dealt :

--

Experience :

--

Remark:

--

 

 

No. of Employees :

97663 (Approximately)

 

 

Bankers :

Bank Name

Not Divulged

Branch

--

Person Name (With Designation)

--

Contact Number

--

Name of Account Holder

--

Account Number

--

Account Since (Date/Year of Account Opening)

--

Average Balance Maintained (If Possible)

--

Credit Facilities Enjoyed (If any)

--

Account Operation

--

Remarks (If any)

--

 

Auditors :

 

Name :

B S R and Company LLP

Chartered Accountants

Address :

5th Floor, Lodha Excelus, Apollo Mills Compound, NM Joshi Marg, Mahalakshmi, Mumbai – 400011, Maharashtra, India

PAN N Income-tax PAN of auditor or auditor's firm :

AAAFB9852F

 

 

Memberships :

Not Available

 

 

Collaborators :

Not Available

 

 

Ultimate Holding Company :
  • Capgemini SE

 

 

Subsidiary of ultimate holding company :
  • Capgemini America Inc.,
  • PAN-Asia IGATE Solutions, Mauritius (the holding company till 15 November 2016)
  • Capgemini North America Inc

 

 

Subsidiary Companies :
  • IGATE Infrastructure Management Services Limited.
  • IGATE Global Solutions Mexico, S.A. de C.V. (till 29 August 2016)
  • IGATE Computer Systems GmbH (till 9 August 2016)
  • PCS Computer Systems Mexico, S.A. de C.V. (till 3 June 2016)
  • Patni Computer Systems (Suzhou) Co. Limited
  • IGATE Singapore Pte Limited
  • Capgemini Solutions Private Limited (formerly known as AXA Technologies Shared Services Private Limited)

 

 

Joint Venture :
  • Thesys Technologies LLC (till 6 July 2017)

 

 

Employee benefit trusts where control exists :
  • Capgemini India Private Limited. Employees' Provident Fund
  • Capgemini Business Services (I) Ltd EPF Trust
  • Capgemini India Private Limited Employees' Benevolent Fund
  • Capgemini India Employees Gratuity Fund Trust
  • Capgemini Business Services (India) Limited Employees Group Gratuity Assurance Scheme
  • Capgemini Business Services (India) Limited Super Annuation Scheme
  • Igate Global Employees Group Gratuity Scheme

 

 

Fellow subsidiaries :
  • Capgemini (China) Co. Limited.
  • Capgemini AB
  • Capgemini Argentina, S.A.
  • Capgemini Asia Pacific Pte. Limited. - Taiwan Branch
  • Capgemini Australia Pty. Limited.
  • Capgemini BAS BV
  • Capgemini Belgium NV/S.A.
  • Capgemini BST S.P.A.
  • Capgemini Business Services (Australia) Pty Limited
  • Capgemini Business Services (China) Limited
  • Capgemini Business Services Brasil Assessoria Empresarial Ltda
  • Capgemini Business Services Chile Ltda
  • Capgemini Business Services Guatemala SA
  • Capgemini Canada Inc.
  • Capgemini Colombia SAS
  • Capgemini Consulting Österreich AG
  • Capgemini Consulting S.A.S.
  • Capgemini Czech Republic s.r.o
  • Capgemini Deutschland GmbH
  • Capgemini Deutschland Holding GmbH
  • Capgemini Dubai LLC
  • Capgemini Educational Services B.V.
  • Capgemini Energy LP
  • Capgemini Espana S.L.
  • Capgemini Est SAS
  • Capgemini Financial Services Canada Inc
  • Capgemini Financial Services Europe Inc.
  • Capgemini Financial Services (Japan) Inc.
  • Capgemini Financial Services International Inc.
  • Capgemini Financial Services UK Limited
  • Capgemini Financial Services USA Inc.
  • Capgemini Finland Oy
  • Capgemini Gouvieux S.A.S
  • Capgemini Government Solutions LLC
  • Capgemini Hong Kong Limited
  • Capgemini Italy SPA
  • Capgemini Japan KK
  • Capgemini Magyarorszag Kft.
  • Capgemini Mexico S. de R.L
  • Capgemini Middle East FZ-LLC
  • Capgemini Nederland BV
  • Capgemini Norge A/S
  • Capgemini North America Inc.
  • Capgemini Outsourcing BV
  • Capgemini Outsourcing Services GmbH
  • Capgemini Outsourcing Services S.A.S.
  • Capgemini Philippines SBOS
  • Capgemini Polska Sp. z.o.o
  • Capgemini Portugal, Servi? de Consultoria e Informatica, S.A.
  • Capgemini Saudi Arabia Limited
  • Capgemini Schweiz AG, Outsourcing services
  • Capgemini Service Romania s.r.l.
  • Capgemini Service S.A.S.
  • Capgemini Services Malaysia Sdn Bhd
  • Capgemini Singapore Pte. Ltd.
  • Capgemini Singapore Pte. Ltd. - Abu Dabhi Branch
  • Capgemini Singapore Pte. Ltd. - Dubai Branch
  • Capgemini Slovensko s.r.o.
  • Capgemini Sogeti Danmark A/S
  • Capgemini Suisse AG
  • Capgemini Suisse S.A.
  • Capgemini Sverige AB
  • Capgemini Technologies LLC
  • Capgemini Technology Services
  • Capgemini UK Plc
  • Capgemini US LLC
  • Capgemini Universite S.A.S.
  • CHCSS Services Inc
  • CPM Braxis Erp Technologic da Informa? Ltda.
  • CPM Braxis S.A.
  • IBX Group AB
  • IGATE Computer Systems GmbH
  • IGATE Computer Systems (UK) Limited
  • IGATE Corporation
  • IGATE Global Solutions USA
  • IGATE Information Services (UK) Limited
  • IGATE Information Services (UK) Limited Sweden
  • IGATE Information Services (UK) Limited Finland
  • IGATE Technologies Canada Inc.,
  • IGATE Technologies Luxembourg S.?.l.
  • IGATE Technologies Inc. (till 1 July 2016)
  • Inergi LP
  • Kanbay (Asia) Limited
  • Kanbay International Inc
  • New Horizon System Solutions LP
  • Patni Telecom Solutions Private Limited Dubai
  • Prosodie SA
  • Societe en Commandite Capgemini Quebec Limited Partnership
  • Societe General Global Solutions Centra Private Limited
  • Sogeti Belgium S.A.
  • Sogeti Corporate Services S.A.S.
  • Sogeti Deutschland Gmbh
  • Sogeti Espa?? S.L.U.
  • Sogeti Finland Oy
  • Sogeti France S.A.S.
  • Sogeti High Tech S.A.S.
  • Sogeti Ireland Ltd
  • Sogeti Luxembourg S.A.
  • Sogeti Nederland BV
  • Sogeti Norge AS
  • Sogeti Suisse SA
  • Sogeti Sverige AB
  • Sogeti UK Ltd
  • Sogeti USA LLC
  • Thesys Technologies Middle East FZE
  • Transiciel International Limited.

 

 

CAPITAL STRUCTURE

 

As on 31.03.2017

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

243950000

Equity Shares

INR 10/- each

INR 2439.500 Million

10800000

Preference Shares

INR 10/- each

INR 108.000 Million

 

Total

 

INR 2547.500 Million

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

59139500

Equity Shares

INR 10/- each

INR 591.395 Million

 

 

 

 

 

 

FINANCIAL DATA

[all figures are in INR 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

591.400

271.280

266.000

(b) Reserves & Surplus

83128.600

68053.720

26676.000

(c) Money received against share warrants

0.000

0.000

0.000

 

 

 

 

(2) Share Application money pending allotment

0.000

0.000

6.000

Total Shareholders’ Funds (1) + (2)

83720.000

68325.000

26948.000

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

0.000

0.000

60.000

(b) Deferred tax liabilities (Net)

0.000

0.000

0.000

(c) Other long term liabilities

1387.000

604.000

102.000

(d) long-term provisions

4309.000

3950.000

362.000

Total Non-current Liabilities (3)

5696.000

4554.000

524.000

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

0.000

0.000

3250.000

(b) Trade payables

7363.000

5698.000

1246.000

(c) Other current liabilities

9443.000

9989.000

1535.000

(d) Short-term provisions

1359.000

1130.000

821.000

Total Current Liabilities (4)

18165.000

16817.000

6852.000

 

 

 

 

TOTAL

107581.000

89696.000

34324.000

 

 

 

 

II.          ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

20991.000

21700.000

11424.000

(ii) Intangible Assets

0.000

0.000

118.000

(iii) Capital work-in-progress

2952.000

993.000

2633.000

(iv) Intangible assets under development

0.000

0.000

0.000

(b) Non-current Investments

2057.000

749.000

747.000

(c) Deferred tax assets (net)

16057.000

15009.000

226.000

(d)  Long-term Loan and Advances

83.000

85.000

5679.000

(e) Other Non-current assets

9987.000

9725.000

2.000

Total Non-Current Assets

52127.000

48261.000

20829.000

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

20770.000

6434.000

3609.000

(b) Inventories

0.000

0.000

0.000

(c) Trade receivables

16521.000

15923.000

6271.000

(d) Cash and cash equivalents

8321.000

10960.000

1843.000

(e) Short-term loans and advances

7.000

10.000

788.000

(f) Other current assets

9835.000

8108.000

984.000

Total Current Assets

55454.000

41435.000

13495.000

 

 

 

 

TOTAL

107581.000

89696.000

34324.000

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2017

31.03.2016

31.03.2015

 

SALES

 

 

 

 

Income

118567.000

108248.000

33502.000

 

Other Income

5917.000

2310.000

1853.000

 

TOTAL

124484.000

110558.000

35355.000

 

 

 

 

 

Less

EXPENSES

 

 

 

 

Employees benefits expense

76880.000

72919.000

19610.000

 

Other expenses

22907.000

22619.000

7878.000

 

TOTAL

99787.000

95538.000

27488.000

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION

24697.000

15020.000

7867.000

 

 

 

 

 

Less

FINANCIAL EXPENSES

281.000

48.000

50.000

 

 

 

 

 

 

PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION

24416.000

14972.000

7817.000

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION

4115.000

4078.000

1419.000

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX

20301.000

10894.000

6398.000

 

 

 

 

 

Less

TAX

4486.000

(10633.000)

966.000

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX 

15815.000

21527.000

5432.000

 

 

 

 

 

 

EARNINGS IN FOREIGN CURRENCY

 

 

 

 

Revenue from software services

 NA

96818.000

32996.000

 

Other income

 NA

405.000

161.000

 

TOTAL EARNINGS

 NA

97223.000

33157.000

 

 

 

 

 

 

IMPORTS

 

 

 

 

Raw Materials

 

 

 

 

Components and Stores parts

 NA

1331.000

764.000

 

Capital Goods

 NA

5.000

6.000

 

TOTAL IMPORTS

 NA

1336.000

770.000

 

 

 

 

 

 

Earnings / (Loss) Per Share (INR)

267.42

364.01

192.85

 

 

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

 

Particulars

 

31.03.2017

31.03.2016

31.03.2015

Current Maturities of Long term debt

25.000

24.000

24.000

Net cash flows from (used in) operations

18977.000

18209.000

5976.000

Net cash flows from (used in) operating activities

14557.000

14185.000

4816.000

 

 

KEY RATIOS

 

EFFICIENCY RATIOS

 

PARTICULARS

 

31.03.2017

31.03.2016

31.03.2015

Average Collection Days

(Sundry Debtors / Income * 365 Days)

50.86

53.69

68.32

 

 

 

 

Account Receivables Turnover

(Income / Sundry Debtors)

7.18

6.80

5.34

 

 

 

 

Inventory Turnover

(Operating Income / Inventories)

0.00

0.00

0.00

 

 

 

 

Asset Turnover

(Operating Income / Net Fixed Assets)

1.03

0.66

0.55

 

 

LEVERAGE RATIOS

 

PARTICULARS

 

31.03.2017

31.03.2016

31.03.2015

Debt Ratio

((Borrowing + Current Liabilities) / Total Assets)

0.17

0.19

0.20

 

 

 

 

Debt Equity Ratio

(Total Liability / Networth)

0.00

0.00

0.12

 

 

 

 

Current Liabilities to Networth

(Current Liabilities / Net Worth)

0.22

0.25

0.25

 

 

 

 

Fixed Assets to Networth

(Net Fixed Assets / Networth)

0.29

0.33

0.53

 

 

 

 

Interest Coverage Ratio

(PBIT / Financial Charges)

87.89

312.92

157.34

 

 

PROFITABILITY RATIOS

 

PARTICULARS

 

 

31.03.2017

31.03.2016

31.03.2015

Net Profit Margin

((PAT / Sales) * 100)

%

13.34

19.89

16.21

 

 

 

 

 

Return on Total Assets

((PAT / Total Assets) * 100)

%

14.70

24.00

15.83

 

 

 

 

 

Return on Investment (ROI)

((PAT / Networth) * 100)

%

18.89

31.51

20.16

 

 

SOLVENCY RATIOS

 

PARTICULARS

 

31.03.2017

31.03.2016

31.03.2015

Current Ratio

(Current Assets / Current Liabilities)

3.05

2.46

1.97

 

 

 

 

Quick Ratio

((Current Assets – Inventories) / Current Liabilities)

3.05

2.46

1.97

 

 

 

 

G-Score Ratio Financial

(Networth / Total Assets)

0.78

0.76

0.79

 

 

 

 

G-Score Ratio Debt

(Debts / Equity Capital)

0.04

0.09

12.53

 

 

 

 

G-Score Ratio Liquidity

(Total Current Assets / Total Current Liabilities)

3.05

2.46

1.97

Total Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term debts

 

 

FINANCIAL ANALYSIS

[all figures are 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

266.000

271.280

591.400

Reserves & Surplus

26676.000

68053.720

83128.600

Share Application money pending allotment

6.000

0.000

0.000

Net worth

26948.000

68325.000

83720.000

 

 

 

 

Long Term borrowings

60.000

0.000

0.000

Short Term borrowings

3250.000

0.000

0.000

Current Maturities of Long term debt

24.000

24.000

25.000

Total borrowings

3334.000

24.000

25.000

Debt/Equity ratio

0.124

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

33502.000

108248.000

118567.000

 

 

223.109

9.533

 

 

 

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

33502.000

108248.000

118567.000

Profit

5432.000

21527.000

15815.000

 

16.21%

19.89%

13.34%

 

 

ABRIDGED BALANCE SHEET – (CONSOLIDATED)

 

SOURCES OF FUNDS

 

31.03.2017

31.03.2016

 

 

 

 

I.              EQUITY AND LIABILITIES

 

 

 

(1)Shareholders' Funds

 

 

 

(a) Share Capital

 

591.400

271.280

(b) Reserves & Surplus

 

83292.600

68309.720

(c) Money received against share warrants

 

0.000

0.000

 

 

 

 

(2) Share Application money pending allotment

 

0.000

0.000

(3) Non controliing interest

 

0.000

7.000

Total Shareholders’ Funds (1) + (2)

 

83884.000

68588.000

 

 

 

 

(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

 

1458.000

604.000

(d) long-term provisions

 

4369.000

3950.000

Total Non-current Liabilities (3)

 

5827.000

4554.000

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

 

0.000

0.000

(b) Trade payables

 

11182.000

11898.000

(c) Other current liabilities

 

5921.000

3845.000

(d) Short-term provisions

 

1370.000

1147.000

Total Current Liabilities (4)

 

18473.000

16890.000

 

 

 

 

TOTAL

 

108184.000

90032.000

 

 

 

 

II.          ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

 

21387.000

21701.000

(ii) Intangible Assets

 

436.000

441.000

(iii) Capital work-in-progress

 

2952.000

993.000

(iv) Intangible assets under development

 

0.000

0.000

(b) Non-current Investments

 

0.000

0.000

(c) Deferred tax assets (net)

 

16146.000

15010.000

(d)  Long-term Loan and Advances

 

0.000

0.000

(e) Other Non-current assets

 

9824.000

9414.000

Total Non-Current Assets

 

50745.000

47559.000

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

 

21172.000

6438.000

(b) Inventories

 

0.000

0.000

(c) Trade receivables

 

17319.000

16016.000

(d) Cash and cash equivalents

 

8794.000

11850.000

(e) Short-term loans and advances

 

0.000

0.000

(f) Other current assets

 

10154.000

8169.000

Total Current Assets

 

57439.000

42473.000

 

 

 

 

TOTAL

 

108184.000

90032.000

 

 

PROFIT & LOSS ACCOUNT– (CONSOLIDATED)

 

 

PARTICULARS

 

31.03.2017

31.03.2016

 

SALES

 

 

 

 

Income

 

119704.000

109003.000

 

Other Income

 

5808.000

2380.000

 

TOTAL

 

125512.000

111383.000

 

 

 

 

 

Less

EXPENSES

 

 

 

 

Employees benefits expense

 

77595.000

73774.000

 

Other expenses

 

23136.000

22523.000

 

TOTAL

 

100731.000

96297.000

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION

 

24781.000

15086.000

 

 

 

 

 

Less

FINANCIAL EXPENSES

 

281.000

42.000

 

 

 

 

 

 

PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION

 

24500.000

15044.000

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION

 

4177.000

4078.000

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX

 

20323.000

10966.000

 

 

 

 

 

Less

TAX

 

4531.000

-10632.000

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX 

 

15792.000

21598.000

 

 

 

 

 

 

Earnings / (Loss) Per Share (INR)

 

267.08

366.23

 

 

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

Yes

8

Designation of contact person

Yes

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

Yes

17

Details of sister concerns

Yes

18

Major suppliers

No

19

Major customers

No

20

Banking Details

Yes

21

Banking facility details

Yes

22

Conduct of the banking account

--

23

Financials, if provided

Yes

24

Capital in the business

Yes

25

Last accounts filed at ROC, if applicable

Yes

26

Turnover of firm for last three years

Yes

27

Reasons for variation <> 20%

--

28

Estimation for coming financial year

No

29

Profitability for last three years

Yes

30

Major shareholders, if available

Yes

31

External Agency Rating, if available

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

 

 

 

CORPORATE OVERVIEW

 

The company is a public limited Company domiciled in India and incorporated under the provisions of the Companies Act, 1956. The Company is primarily engaged in providing Information Technology ("IT") and IT - enabled operations offshore outsourcing solutions and services to large and medium-sized organizations using an offshore/onsite model. The Company has its branches and subsidiaries in United States, Canada, Japan, Singapore, Australia, Sweden, Switzerland, United Kingdom, Belgium, France, Finland, Germany, Mexico and Netherlands. IT services and IT-enabled operations offshore outsourcing solutions are delivered using the offshore centres located in Bangalore, Gurgaon, Hyderabad, Chennai, Noida, Mumbai, Pune, Kolkata, Trichy, Salem and Gandhinagar in India.

 

Capgemini North America, Inc. a subsidiary of Capgemini SE (formerly known as Capgemini S.A.) (ultimate holding company w.e.f July 2015) along with its wholly owned subsidiary, Laporte Merger Sub, Inc, had acquired IGATE Corporation (erstwhile ultimate holding company) in July 2015. Pursuant to the global acquisition of IGATE group, the Board of Directors of Capgemini India Private Limited ("CIPL") had approved the merger of CIPL with the IGATE Global Solutions Limited (IGSL). Consequently, CIPL had filed a scheme of merger with the Bombay High court on 3 February 2016 under sections 391 to 394 of The Companies Act,1956, whereby the entire business and undertaking of CIPL had been transferred to the IGSL (refer notes 37 to 39 regarding the scheme of Amalgamation).

 

During the current year, the Company has filed for change in name from IGATE Global Solutions Limited to its current name Capgemini Technology Services India Limited and same has been approved by ROC of Mumbai / Bangalore by issuing a revised certificate of Incorporation dated 16 December 2016. Consequently name of Company changed to Capgemini Technology Services India Limited with effect from 16 December 2016.`

 

 

OPERATIONAL REVIEW:

 

During the Financial year 2016-17 the Sales and other Income of The Company was INR 124484.000 million as against INR 110558.000 million in the previous year showing a growth of 11.4% over the previous year. The Company earned Profit after tax (PAT) of INR 15926.000 million as against INR 21303.000 million in the previous year.

 

 

BUSINESS ACTIVITIES:

 

The Company is one of the leading providers of IT services globally. The vision for The Companys business is to earn our clients trust and maximize value of their businesses by providing solutions that integrate deep industry insights, leading technologies and best in class execution.

 

Acquisitions are key enabler for driving The Company’s capability to build industry domain, strengthen its presence in emerging technology areas including Digital and Cloud. The Company also uses its acquisition program to increase footprint in select business opportunities. During the year ended 31 March 2017, The Company has acquired Capgemini Solutions Private Limited (Formerly known as AXA Technologies Shared Services Private Limited).

 

 

 

INDEX OF CHARGES:

 

SNo

SRN

Charge Id

Charge Holder Name

Date of Creation

Date of Modification

Date of Satisfaction

Amount

Address

1

Y10411573

90288646

ICICI BANK LIMITED

13/12/2005

-

-

778926.0

23-SANTHOME HIGH ROADCHENNAITN600028IN

2

Y10176879

90091858

STANDARD CHARTERED BANK

29/04/2002

-

-

670000000.0

MAHATMA GANDHI ROADFORTMUMBAIMH400001IN

3

Y10408405

90285478

THE PUNJAB NATIONAL BANK

06/02/2002

-

-

2500000.0

MYLAPORE BRANCHCHENNAITN600004IN

4

Z00085716

80018969

CENTRAL BANK OF INDIA

29/05/1996

-

-

3500000.0

PIMPRI BRANCHPUNEMH411033IN

5

Y10174335

90089314

AMERICAN EXPRESS BANK LTD.

25/08/1986

-

-

7500000.0

ORIENTAL HOUSED.N. ROAD; FORTBOMBAYMH400001IN

6

Y10168421

90083400

BANK OF AMERICA NATIONAL TRU & SERVICES ASSOCIATION

12/07/1985

-

-

13000000.0

EXPRESS TOWERSNARIMAN POINTMUMBAIMH400021IN

7

Y10174302

90089281

AMERICAN EXPRESS INTERNATIONAL BANKING CORPORATION

04/07/1985

-

-

6000000.0

D.N. ROADFORTBOMBAYMH400001IN

8

Y10174287

90089266

AMERICAN EXPRESS INTERNATIONAL BANKING CORPORATION

19/11/1984

-

-

2000000.0

ORIENTAL BUILDINGDR. D.N. ROADBOMBAYMH400001IN

9

A61156840

10102350

CITI BANK N A

21/05/2008

-

04/05/2009

280000000.0

506-507, LEVEL 5, PRESTIGE MERIDIAN 2,# 30, M G ROADBANGALOREKA560001IN

10

A31928237

90083342

GRINDLAYS BANK P.L.C

27/06/1983

04/12/1984

31/01/2008

22000000.0

90; M.G. ROADBOMBAYMH400023IN

 

 

 

FIXED ASSETS

 

·         Leasehold Land

·         Buildings

·         Leasehold Improvements

·         Computers

·         Furniture and Fixtures

·         Office equipment

·         Vehicles

 

 

 

 

CMT REPORT (Corruption, Money Laundering & Terrorism]

 

The Public Notice information has been collected from various sources including but not limited to: The Courts, India Prisons Service, Interpol, etc.

 

1]         INFORMATION ON DESIGNATED PARTY

No records 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 65.45

UK Pound

1

INR 93.28

Euro

1

INR 80.74

 

 

INFORMATION DETAILS

 

Information Gathered by :

KAM

 

 

Analysis Done by :

PRS

 

 

Report Prepared by :

KJL

 

 

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

NO

--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)

 

 

 

 

 

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.