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MIRA INFORM REPORT
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Report No. : |
504329 |
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Report Date : |
18.04.2018 |
IDENTIFICATION DETAILS
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Name : |
HINDUJA GROUP LIMITED (w.e.f. 22.11.2013) |
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Formerly Known
As : |
HINDUJA GROUP PRIVATE LIMITED (w.e.f. 01.08.2013) AASIA MANAGEMENT AND CONSULTANCY PRIVATE LIMITED |
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Registered Office : |
Hinduja House, 171, Dr. Annie Besant Road, Worli, Mumbai – 400018, Maharashtra, India |
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Tel. No.: |
91-22-24960707/ 61360407 |
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Country : |
India |
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Financials (as
on) : |
31.03.2016 |
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Date of
Incorporation : |
18.05.1995 |
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Com. Reg. No.: |
11-088486 |
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Capital
Investment / Paid-up Capital : |
INR 1.000 Million |
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CIN No.: [Company Identification
No.] |
U72200MH1995PLC088486 |
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IEC No.: [Import-Export Code No.] |
Not Divulged |
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GSTN : [Goods & Service Tax
Registration No.] |
27AAACI3370C1ZZ |
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TIN No: |
Not Available |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AAACI3370C |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
The group has presence in various sector viz Automotive, Oil and Lubricants, Power, Banking and Finance, Information Technology and business process outsourcing Media, Foundry , Real Estate and Healthcare (As per information gathered from other sources). (Registered Activity) |
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No. of Employees
: |
Information denied by the management |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
A+ |
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Credit Rating |
Explanation |
Rating Comments |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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Status : |
Excellent |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 1995. “Hinduja Group” is an Indian conglomerate company headquartered in London, United Kingdom. The group has presence in various sector viz Automotive, Oil and Lubricants, Power, Banking and Finance, Information Technology and business process outsourcing Media, Foundry, Real Estate and Healthcare (As per information gathered from other sources). As per the available financial of 2016, the company has achieved 50.30% growth in its revenue as compared to previous year revenue and has maintained healthy profitability margin of 45.92% during the year under review. The robust financial profile of the company is marked by healthy networth base along with negligible debt level. The company has favourable Earning Per Share (EPS) of INR 1735.09 against a face value (FV) of INR 10. The rating takes into consideration the subject’s long established track record of business operations along with extensive experience of its promoters. However, rating strengths are partially offset by unfavourable gap between trade payables and trade receivables. Business is active. Payment seems to be regular. In view of aforesaid, the company can be considered for good business dealings at usual trade terms and conditions. Note: As per the Registrar of Companies date of balance sheet (i.e. financial filed) is shown as 31.03.2017 but documents related to financial for the year 31.03.2017 are not available from any sources. |
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 |
BRICKWORKS |
|
Rating |
Fund Based (AA-) |
|
Rating Explanation |
High degree of safety and very low credit risk. |
|
Date |
10.07.2017 |
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 (Tel No.: 91-22-24960707)
LOCATIONS
|
Registered Office : |
Hinduja House, 171, Dr. Annie Besant Road, Worli, Mumbai – 400018, Maharashtra, India |
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Tel. No.: |
91-22-24960707/ 61360407 |
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Fax No.: |
91-22- 2495 3801 |
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E-Mail : |
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Website : |
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Head Office : |
B-23, Safdarjung Enclave, New Delhi – 1100029, India |
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Tel. No.: |
91-11-26107904 |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Jeet Prakash Chugani |
|
Designation : |
Managing Director |
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Address : |
7/72, Sona Building, MHB Building, Bandra Reclamation, Mumbai-400050,
Maharashtra, India |
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Date of Birth/Age : |
02.10.1951 |
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Date of Appointment : |
01.09.2010 |
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Qualification : |
FCS, ICWAI |
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PAN No.: |
AABPC7359M |
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DIN No: |
00166921 |
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Name : |
Mr. Prakash Shah |
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Designation : |
Director |
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Address : |
B-601, Marvel Ritz, Tupe Patil Road, Near Amanora Plaza, Next to
Suzlon, Hadapsar Pune-411028, Maharashtra, India |
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Date of Birth/Age : |
04.07.1939 |
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Date of Appointment : |
12.03.2015 |
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Qualification : |
B.A (Hons), M. Com, LL. B. |
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PAN No.: |
AABPS4841C |
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DIN No: |
00120671 |
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Name : |
Mr. Abin Kumar Das |
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Designation : |
Wholetime Director |
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Address : |
61-A, Atlas Apartment, J. Mehta Road, Mumbai-400006, Maharashtra, India |
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Date of Birth/Age : |
02.08.1940 |
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Date of Appointment : |
26.12.2013 |
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Qualification : |
B.A. (Hons.) |
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PAN No.: |
AADPD3096L |
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DIN No: |
00122913 |
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Name : |
Mr. Ashok Parmanand Hinduja |
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Designation : |
Director |
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Address : |
Param Jamuna, J. R. Mhatre Marg, Mumbai-400049, Maharashtra, India |
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Date of Birth/Age : |
15.07.1950 |
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Date of Appointment : |
26.12.2013 |
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Qualification : |
15.07.1950 |
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PAN No.: |
AAAPH8522Q |
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DIN No: |
00123180 |
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Name : |
Mrs. Harsha Ashok Hinduja |
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Designation : |
Director |
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Address : |
Param Jamuna Ruia Park, Military Road, Juhu, Mumbai-400049,
Maharashtra, India |
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Date of Birth/Age : |
21.03.1954 |
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Date of Appointment : |
01.07.1998 |
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Qualification : |
Intern Arts |
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PAN No.: |
AAAPH4306G |
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DIN No: |
00123299 |
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Name : |
Mr. Prashant Khatau Asher |
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Designation : |
Director |
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Address : |
32, Mody Street, Fort, Mumbai-400001, Maharashtra, India |
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Date of Birth/Age : |
17.12.1965 |
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Date of Appointment : |
12.03.2015 |
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Qualification : |
LLB |
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PAN No.: |
ADQPA0149P |
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DIN No: |
00274409 |
KEY EXECUTIVES
|
Name : |
Mr. Rajkumar Ghoshal |
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Designation : |
Company Secretary |
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Address : |
302, Divya Sarjan, Ganesh Chowk, Charkop, Kandivli (West), Mumbai -400067,
Maharashtra, India |
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Date of Appointment : |
01.04.2016 |
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PAN No.: |
ABIPG2881J |
MAJOR SHAREHOLDERS
As on 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Ashok P. Hinduja / Harsha A. Hinduja |
|
49995 |
|
N. Chandrasekaran / Ashok P. Hinduja |
|
1 |
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A. K. Das / Ashok P. Hinduja |
|
1 |
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R. Seshasayee / Ashok P. Hinduja |
|
1 |
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Jeet Chugani / Ashok P. Hinduja |
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1 |
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K. C. Samdani / Ashok P. Hinduja |
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1 |
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Harsha Hinduja / Ashok P. Hinduja |
|
50000 |
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Total |
|
100000 |
Equity Share Break up (Percentage of Total Equity)
As on: 30.09.2017
|
Category |
Percentage |
|
Promoters (Individual/Hindu Undivided Family – Indian) |
99.99 |
|
Promoters (Others- Individuals holding shares jointly) |
0.01 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business
: |
Management Consultancy Activities and Leasing Properties. (Registered Activity) |
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Products / Services
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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 : |
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 denied by the management |
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Bankers : |
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Facilities : |
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Auditors : |
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Name : |
Manubhai and Shah LLP Chartered Accountants |
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Address : |
Maker Bhavan, No 2, 3rd Floor, 18, New Marine Lines, Mumbai – 400020, Maharashtra, India |
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Income-tax
PAN of auditor or auditor's firm : |
AAFFM2086H |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Subsidiaries : |
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Associates |
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Enterprises under
common control |
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CAPITAL STRUCTURE
AS ON: 31.03.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000 |
Equity Shares |
INR 10/- each |
INR 1.000 Million |
|
249900000 |
Redeemable Cumulative Preferences Shares |
INR 10/- each |
INR 2499.000 Million |
|
|
Total |
|
INR 2500.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000 |
Equity Shares |
INR 10/- each |
INR 1.000 Million |
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FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET (STANDALONE)
|
SOURCES OF FUNDS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
1.000 |
1.000 |
1.000 |
|
(b) Reserves and Surplus |
11136.569 |
9555.644 |
3435.586 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
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|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
11137.569 |
9556.644 |
3436.586 |
|
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(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
5001.065 |
1.108 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long-term
liabilities |
4.145 |
4.742 |
3.585 |
|
(d) long-term
provisions |
60.519 |
55.785 |
52.118 |
|
Total Non-current
Liabilities (3) |
5065.729 |
61.635 |
55.703 |
|
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(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
5294.995 |
2974.830 |
2474.027 |
|
(b) Trade
payables |
6.533 |
5.813 |
8.819 |
|
(c) Other
current liabilities |
1399.910 |
59.238 |
67.179 |
|
(d) Short-term
provisions |
10.222 |
9.045 |
9.026 |
|
Total Current
Liabilities (4) |
6711.660 |
3048.926 |
2559.051 |
|
|
|
|
|
|
TOTAL |
22914.958 |
12667.205 |
6051.340 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
7401.551 |
5541.823 |
209.980 |
|
(ii)
Intangible Assets |
0.013 |
0.052 |
0.970 |
|
(iii) Tangible assets
capital work-in-progress |
462.870 |
361.925 |
316.367 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
3269.614 |
3162.105 |
5289.256 |
|
(c) Deferred tax assets (net) |
0.000 |
529.058 |
23.512 |
|
(d)
Long-term loans and advances |
3393.110 |
120.795 |
78.815 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
14527.158 |
9715.758 |
5918.900 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
0.000 |
0.000 |
0.000 |
|
(c) Trade
receivables |
72.850 |
41.750 |
61.205 |
|
(d) Cash and
bank balances |
12.100 |
5.913 |
6.866 |
|
(e)
Short-term loans and advances |
8247.478 |
2903.784 |
64.336 |
|
(f) Other
current assets |
55.372 |
0.000 |
0.033 |
|
Total
Current Assets |
8387.800 |
2951.447 |
132.440 |
|
|
|
|
|
|
TOTAL |
22914.958 |
12667.205 |
6051.340 |
PROFIT
& LOSS ACCOUNT (STANDALONE)
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
377.773 |
251.345 |
137.761 |
|
|
Other Income |
819.474 |
725.004 |
1085.761 |
|
|
TOTAL |
1197.247 |
976.349 |
1223.522 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Employee benefit expense |
183.052 |
210.459 |
140.743 |
|
|
CSR expenditure |
10.000 |
10.000 |
0.000 |
|
|
Other expenses |
193.572 |
166.658 |
102.712 |
|
|
TOTAL |
386.624 |
387.117 |
243.455 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
810.623 |
589.232 |
980.067 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
563.581 |
277.604 |
184.762 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
247.042 |
311.628 |
795.305 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
86.188 |
44.633 |
22.876 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
160.854 |
266.995 |
772.429 |
|
|
|
|
|
|
|
Less |
TAX |
(12.655) |
(497.898) |
8.759 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
173.509 |
764.893 |
763.670 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
49.184 |
13.946 |
0.000 |
|
|
TOTAL EARNINGS |
49.184 |
13.946 |
0.000 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Capital Goods |
7.639 |
5.722 |
0.000 |
|
|
TOTAL IMPORTS |
7.639 |
5.722 |
0.000 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
1735.09 |
7648.93 |
7636.70 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Maturities of Long term debt |
1251.328 |
1.061 |
0.000 |
|
|
|
|
|
|
Net cash flows from (used in) operations |
(75.311) |
(122.008) |
166.436 |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
(114.246) |
(145.652) |
166.120 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days [Sundry Debtors / Income * 365] |
|
70.39 |
60.63 |
162.16 |
|
|
|
|
|
|
|
Account Receivables Turnover [Income / Sunday Debtors] |
|
5.19 |
6.02 |
2.25 |
|
|
|
|
|
|
|
Average Payment Days [Sundry Creditors /
Purchases * 365] |
|
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Inventory Turnover [Operating Income /
Inventories] |
|
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Asset Turnover [Operating Income / Net Fixed
Assets] |
|
0.10 |
0.10 |
1.86 |
LEVERAGE RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio [(Borrowing + Current Liabilities) / Total Assets] |
|
0.57 |
0.24 |
0.42 |
|
|
|
|
|
|
|
Debt Equity Ratio (Borrowings / NetWorth) |
|
1.04 |
0.31 |
0.72 |
|
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / NetWorth) |
|
0.60 |
0.32 |
0.74 |
|
|
|
|
|
|
|
Fixed Assets to NetWorth (Net Fixed Assets /
NetWorth) |
|
0.71 |
0.62 |
0.15 |
|
|
|
|
|
|
|
Interest Coverage Ratio [PBIT / Financial
Charges] |
|
1.44 |
2.12 |
5.30 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Net Profit Margin [(PAT / Sales) * 100] |
(%) |
45.93 |
304.32 |
554.34 |
|
|
|
|
|
|
|
Return on Total Assets [(PAT / Total Assets)
* 100] |
(%) |
0.76 |
6.04 |
12.62 |
|
|
|
|
|
|
|
Return on Investment (ROI) [(PAT / NetWorth)
* 100] |
(%) |
1.56 |
8.00 |
22.22 |
SOLVENCY RATIO
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio [Current Assets / Current Liabilities] |
|
1.25 |
0.97 |
0.05 |
|
|
|
|
|
|
|
Quick Ratio [(Current Assets - Inventories)
/ Current Liabilities] |
|
1.25 |
0.97 |
0.05 |
|
|
|
|
|
|
|
G-Score Ratio Financial [NetWorth / Total
Assets] |
|
0.49 |
0.75 |
0.57 |
|
|
|
|
|
|
|
G-Score Ratio Debt [Debts / Equity Capital] |
|
11547.39 |
2977.00 |
2474.03 |
|
|
|
|
|
|
|
G-Score Ratio Liquidity [Total Current
Assets / Total Current Liabilities] |
|
1.25 |
0.97 |
0.05 |
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 |
1.000 |
1.000 |
1.000 |
|
Reserves & Surplus |
3435.586 |
9555.644 |
11136.569 |
|
Net
worth |
3436.586 |
9556.644 |
11137.569 |
|
|
|
|
|
|
Long-term borrowings |
0.000 |
1.108 |
5001.065 |
|
Short term borrowings |
2474.027 |
2974.830 |
5294.995 |
|
Current maturities of
long-term debts |
0.000 |
1.061 |
1251.328 |
|
Total
borrowings |
2474.027 |
2976.999 |
11547.388 |
|
Debt/Equity
ratio |
0.720 |
0.312 |
1.037 |
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 |
137.761 |
251.345 |
377.773 |
|
|
|
82.450 |
50.301 |
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 |
137.761 |
251.345 |
377.773 |
|
Profit/ (Loss) |
763.670 |
764.893 |
173.509 |
|
|
554.34
% |
304.32
% |
45.93
% |
ABRIDGED
BALANCE SHEET (CONSOLIDATED)
|
SOURCES OF FUNDS |
31.03.2016 |
31.03.2015 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
(1)Shareholders' Funds |
|
|
|
(a) Share Capital |
1.000 |
1.000 |
|
(b) Reserves and Surplus |
19657.160 |
17236.341 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
|
(d) Minority interest |
238.087 |
233.494 |
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
19658.160 |
17237.341 |
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
(a) long-term borrowings |
6648.848 |
1687.831 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.001 |
|
(c) Other long-term
liabilities |
17.769 |
15.305 |
|
(d) long-term
provisions |
83.613 |
81.612 |
|
Total Non-current
Liabilities (3) |
6750.230 |
1784.749 |
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
(a) Short-term
borrowings |
6063.627 |
3530.628 |
|
(b) Trade
payables |
126.807 |
99.645 |
|
(c) Other
current liabilities |
2557.132 |
1058.080 |
|
(d) Short-term
provisions |
14.632 |
15.031 |
|
Total Current
Liabilities (4) |
8762.198 |
4703.384 |
|
|
|
|
|
TOTAL |
35408.675 |
23958.968 |
|
|
|
|
|
II.
ASSETS |
|
|
|
(1)
Non-current assets |
|
|
|
(a) Fixed
Assets |
|
|
|
(i)
Tangible assets |
9093.011 |
7307.760 |
|
(ii)
Intangible Assets |
1.670 |
122.200 |
|
(iii) Tangible assets
capital work-in-progress |
467.988 |
365.153 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
|
(b) Non-current Investments |
15485.547 |
11240.863 |
|
(c) Deferred tax assets (net) |
0.503 |
529.417 |
|
(d)
Long-term loans and advances |
349.754 |
262.043 |
|
(e) Other
Non-current assets |
0.699 |
11.607 |
|
Total Non-Current
Assets |
25399.172 |
19839.043 |
|
|
|
|
|
(2)
Current assets |
|
|
|
(a)
Current investments |
0.000 |
0.000 |
|
(b)
Inventories |
5048.550 |
3802.653 |
|
(c) Trade
receivables |
68.709 |
36.106 |
|
(d) Cash and
bank balances |
54.613 |
42.852 |
|
(e)
Short-term loans and advances |
4806.006 |
236.445 |
|
(f) Other
current assets |
31.625 |
1.869 |
|
Total
Current Assets |
10009.503 |
4119.925 |
|
|
|
|
|
TOTAL |
35408.675 |
23958.968 |
PROFIT
& LOSS ACCOUNT (CONSOLIDATED)
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
Total
Revenue from operations |
1553.575 |
1332.401 |
|
|
Other Income |
1263.025 |
1230.288 |
|
|
TOTAL |
2816.600 |
2562.689 |
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
Cost of Materials
Consumed |
206.189 |
179.896 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
0.000 |
0.252 |
|
|
Employee benefit expense |
385.331 |
394.641 |
|
|
CSR expenditure |
14.000 |
15.000 |
|
|
Other expenses |
886.341 |
750.268 |
|
|
Exceptional items |
(3.265) |
0.000 |
|
|
Extraordinary items |
0.000 |
(277.338) |
|
|
TOTAL |
1488.596 |
1062.719 |
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
1328.004 |
1499.970 |
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
716.553 |
464.456 |
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
611.451 |
1035.514 |
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
174.855 |
173.769 |
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
436.596 |
861.745 |
|
|
|
|
|
|
Less |
TAX |
10.072 |
(478.613) |
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
426.524 |
1340.358 |
|
|
|
|
|
|
|
Profit (loss) of minority
interest |
21.962 |
(45.894) |
|
|
|
|
|
|
|
TOTAL
PROFIT (LOSS) FOR PERIOD |
448.486 |
1294.464 |
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
F.O.B. Value of Exports |
63.973 |
13.946 |
|
|
TOTAL EARNINGS |
63.973 |
13.946 |
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
Capital Goods |
13.956 |
5.722 |
|
|
TOTAL IMPORTS |
13.956 |
5.722 |
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
4265.24 |
13403.58 |
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 |
No |
|
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 |
No |
|
26 |
Turnover of firm for last two/ three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
Yes |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
Yes |
|
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 |
RESULTS OF OPERATIONS
AND STATE OF COMPANY’S AFFAIRS
The Company generated total revenue of INR 1197.247 million in FY 2015-16 (previous year INR 976.349 million). Total Expenses stood at INR 1036.393 million in FY 2015-16 (previous year INR 709.354 million). The Profit before Tax and Exceptional Items stood at INR 1608.54 (previous year INR 266.995 million). After reckoning of tax expenses, Profit after Tax for FY 2015-16 stood at INR 173.509 million.
The Consultancy business had a good growth during the year and the services provided have been well appreciated by the clients. The income from lease of property during the year under review is steady.
Highlights of performance of subsidiaries, associates and joint venture companies and their contribution to the overall performance of the Company
UNSECURED LOAN
|
PARTICULAR |
31.03.2016 (INR
in Million) |
31.03.2015 (INR
in Million) |
|
Short-term
borrowings |
|
|
|
Loans repayable on demand |
237.059 |
544.776 |
|
Total |
237.059 |
544.776 |
INDEX
OF CHARGES
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G43953694 |
100098281 |
State Bank of India |
11/04/2017 |
- |
- |
208200000.0 |
Sme Backbay Reclamation Branch, Mittal Court, B Wing, Nariman Point, Mumbai-400021, Maharashtra, India |
|
2 |
G08698029 |
100042350 |
YES BANK LIMITED |
15/07/2016 |
- |
- |
6250000000.0 |
Nehru Centre, 9th Floor, Discovery Of India,Dr. Annie Besant Road, Worli, Mumbai-400018, Maharashtra, India |
|
3 |
G46199527 |
10563620 |
BANK OF BORODA |
25/03/2015 |
24/05/2017 |
- |
1000000000.0 |
Altamount Road Branch, 36, Crystal, Kemps Corner, Mumbai-400026, Maharashtra, India |
CONTINGENT
LIABILITIES:
a) The Income Tax demand relating to Asst. Year 2006-07 aggregating to INR 1.000 Millionhas not been provided as this is disputed by the company and is pending with the concerned authorities.
b) The company has deposited INR 0.150 Millionin the High Court of Judicature at Bombay in the matter of a claim against the Company not acknowledged as debt amount not ascertainable.
FIXED ASSETS
- Land
- Building
- Furniture and
Fixture
- Computer
- Plant and
Machinery
- Vehicle
- Office
equipment
- Computer
Accessories
- Computer
Software
PRESS RELEASE:
Hinduja Group increases stake in HVL to 27.42%
March 24, 2018: MUMBAI: Hinduja Group has acquired 85,000 shares or 0.41% stake in its group company Hinduja Ventures Ltd (HVL), which, among others, houses the media and entertainment business of the group.
The transaction was through open market on 22 March. The shares of HVL had closed at INR 655.3 a share.
As a result of the acquisition, the company’s holding in HVL has gone up marginally to 27.42%.
HVL also disclosed that Ashok and Harsha Hinduja have disposed of 85,000 shares or 0.41% stake in HVL to Hinduja Group. As a result, their holding in the company has fallen to 2.3%.
HVL operates across three segments: media and communication, real estate, and investment/treasury.
HVL is the holding company of IndusInd Media & Communications Limited (IMCL), which houses the company’s cable TV and headend in the sky (HITS) business. Apart from TV distribution, HVL also owns and operates cable movie channels. It also runs broadband business under Planet E Holdings.
The company is headed by Ashok Mansukhani whose tenure was recently by two years from 30 April 2018 to 29 April 2020. Mansukhani completes his existing term as whole-time director on 29 April.
With the aim of creating value in the media business, IMCL has been engaged in a focused restructuring exercise. As part of this exercise, the broadband business and the fibre optic network have been transferred to other companies and complete focus is being put on the cable TV and HITS business.
This, the company believes, will create long-term stakeholder value.
IMCL had earlier stated that it continues to make inroads into the rural areas of India through its HITS platform. It claims to be the only Digital Platform Operator (DPO) to cover all 29 States and four Union Territories due to penetration in last 12 months utilising NXT Digital HITS platform.
NXT Digital copes are active in 1068 pin codes with signals transmitted to 1394 pin codes in 888 distinctive locations.
The company feels that there is scope for deployment for DPO to an additional 30 million homes in the rural universe of 99 million homes. Another 20 million homes await power to households and will begin to watch television in next 3 years.
IMCL had also said that it has converted 95% of its subscriber base to pre-paid mode through the Local Cable Operator (LCO). It is in the process of converting the balance 5% homes to pre-paid.
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 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 65.61 |
|
|
1 |
INR 94.21 |
|
Euro |
1 |
INR 81.32 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVT |
|
|
|
|
Analysis Done by
: |
VRS |
|
|
|
|
Report Prepared
by : |
MTN |
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.