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MIRA INFORM REPORT
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Report No. : |
504304 |
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Report Date : |
20.04.2018 |
IDENTIFICATION DETAILS
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Name : |
ALCATEL-LUCENT INDIA LIMITED (w.e.f. 27.04.2007) |
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Formerly Known
As : |
ALCATEL SOUTH ASIA LIMITED (w.e.f. 03.02.2006) ALCATEL INDIA LIMITED (w.e.f. 11.09.2000) ALCATEL NETWORK SYSTEMS INDIA LIMITED ALCATEL MODI NETWORK SYSTEMS LIMITED |
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Registered
Office : |
202 - 206 Tolstoy House, 15, Tolstoy Marg, New Delhi -110001 |
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Tel. No.: |
91-124-4159999 |
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Country : |
India |
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Financials (as
on) : |
31.03.2016 |
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Date of
Incorporation : |
05.03.1992 |
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Com. Reg. No.: |
55-047870 |
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Capital
Investment / Paid-up Capital : |
INR 2149.500 Million |
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CIN No.: [Company Identification
No.] |
U72200DL1992PLC047870 |
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IEC No.: [Import-Export
Code No.] |
0592008347 |
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GSTN : [Goods & Service Tax
Registration No.] |
07AAHCA1341C1ZB |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AAHCA1341C |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject is
engaged, inter alia, in the business of manufacturing, marketing, supply and installation
of digital switching equipment and related software, cellular
exchange/transmission equipment and provides related services; intelligent
network and broadband solutions. [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 |
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A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a subsidiary of “Alcatel-Lucent International Holding Inc,”
USA and was incorporated in the year 1992. It is having fine track. Management of the company has not filed its financials of 2017 with
government department. For the financial year 2016, the company has increased in its revenue from
operation as compared to previous year and maintained average profit margin
of 3.92%. Rating takes into consideration sound financial profile of the company
marked by healthy networth base along with low debt balance sheet. Further, the company also derives strength from strong managerial and
technical support received from its holding entity well established track
records of business operations and market position. Trade relations are fair. Payment terms are seems to be regular. In view of aforesaid, the company can be considered good for normal
business dealings at usual trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
India |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
D |
EXTERNAL AGENCY RATING
NOT AVAILABLE
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2018.
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 19.09.2018
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 (91-124-4159999)
LOCATIONS
|
Registered Office : |
202 - 206 Tolstoy House, 15, Tolstoy Marg, New Delhi -110001, India |
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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 : |
14th and 15th Floor, Tower C DLF Cyber Green,
DLF City, Gurugram – 122001, Haryana, India
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Tel. No.: |
91-124-4159999 |
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Fax No.: |
91-124-4114307 |
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Branch Offices : |
Located at: · Bangalore · Mumbai, · Chennai |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Kailash Mohan Rustagi |
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Designation : |
Director |
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Address : |
96 Vardan Apartments, Plot 64 I.P. Extn. Delhi -110092,
India |
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Date of Appointment : |
22.11.2017 |
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DIN No.: |
00143632 |
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Other Directorship:
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Name : |
Mr. Sushil Aggarwal |
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Designation : |
Director |
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Address : |
104, Parshvanath Apartment, Plot No-50 I P Extension,
Patpar Ganj, Delhi- 110092, India |
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Date of Appointment : |
22.11.2017 |
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DIN No.: |
00221400 |
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Other Directorship:
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Name : |
Mr. Sachin Kohli |
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Designation : |
Director |
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Address : |
Flat. No.1C-141, Carlton Estate-1 DLF City, Phase-5,
Galleria DLF-IV, Farru Khnagar - 122009, Haryana, India |
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Date of Birth/Age : |
24.08.1969 |
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Qualification: |
Graduate |
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Date of Appointment : |
30.09.2016 |
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DIN No.: |
07549073 |
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Other Directorship:
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Name : |
Awita Badonia |
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Designation : |
Director |
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Address : |
B-68, Sector-21, Jal Vayu Vihar, Noida- 201301, Uttar
Pradesh, India |
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Date of Birth/Age : |
09.04.1968 |
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Qualification: |
Graduate |
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Date of Appointment : |
30.09.2016 |
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DIN No.: |
07566734 |
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Other Directorship:
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Name : |
Anubha Sharma |
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Designation : |
Director |
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Address : |
H. No. 756, Pocket E, Sector 21, Gurugram- 122001,
Haryana, India |
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Date of Appointment : |
22.11.2017 |
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DIN No.: |
07756853 |
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Other Directorship:
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KEY EXECUTIVES
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Name : |
Kanti Kiran Kare |
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Designation : |
Company Secretary |
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Address : |
A-11, Kakateeya Apartments, 86, I P Extension, Patparganj,
Delhi -110092, India |
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Date of Appointment : |
10.03.2017 |
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PAN No.: |
AHZPK1917E |
MAJOR SHAREHOLDERS
AS ON 31.03.2017
SHAREHOLDING DETAIL FILE ATTACHED
Equity Share Break up (Percentage of Total Equity)
AS ON 22.11.2017
|
Category |
Percentage |
|
Promoters- Body corporate |
99.80 |
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Public/Other than promoters- Individual/Hindu Undivided Family- Indian |
0.03 |
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Public/Other than promoters- Individual/Hindu Undivided Family- Non-resident Indian (NRI) |
0.03 |
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Public/Other than promoters- Individual/Hindu Undivided Family- Foreign national (other than NRI) |
0.14 |
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Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is
engaged inter alia, in the business of manufacturing, marketing, supply and
installation of digital switching equipment and related software, cellular
exchange/transmission equipment and provides related services; intelligent
network and broadband solutions. [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 : |
(INR
In Million)
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Auditors : |
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Name : |
S.R.Batliboi Associates LLP Chartered Accountants |
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Address : |
The Ruby, 14th Floor, 29, Senapati Bapat Marg, Dadar (West), Mumbai – 400028, Maharashtra, India |
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PAN N Income-tax PAN of auditor or auditor's firm : |
ACHFS9118A |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Holding Company: |
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Ultimate holding
Company: |
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Subsidiary
companies: |
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Fellow
Subsidiaries: |
1 Alcatel Lucent Bell Nv 2 Alcatel Lucent Canada Inc. 3 Alcatel Lucent Deutschland Ag 4 Alcatel Lucent Enterprise SA 5 Alcatel Lucent France 6 Alcatel Lucent International 7 Alcatel Lucent Schweiz Ag 8 Alcatel Lucent Telecom Limited 9 Alcatel-Lucent USA Inc 10 Alcatel-Lucent (Thailand) Co Limited 11 Alcatel-Lucent Australia Limited 12 Alcatel-Lucent Beijing Technologies 13 Alcatel-Lucent Caribbean Inc 14 Alcatel-Lucent China Limited 15 Alcatel Lucent Deutschland Ag 16 Alcatel-Lucent East Africa Limited 17 Alcatel-Lucent Espana S.A. 18 Alcatel-Lucent Israel Limited 19 Alcatel-Lucent Italia S.P.A. 20 Alcatel-Lucent Korea Limited 21 Alcatel-Lucent Malaysia Sdn Bhd 22 Alcatel-Lucent Maroc 23 Alcatel-Lucent Network Services 24 Alcatel-Lucent New Zealand Limited 25 Alcatel-Lucent Nigeria Limited 26 Alcatel-Lucent Philippines, Inc. 27 Alcatel-Lucent Polska Sp. Z O.O. 28 Alcatel-Lucent Romania Srl 29 Alcatel-Lucent Saudi Arabia Co Limited. 30 Alcatel-Lucent Shanghai Bell Co. 31 Alcatel-Lucent Singapore Pte Limited 32 Alcatel-Lucent Submarine Networks 33 Alcatel-Lucent Telecom Limited 34 Alcatel-Lucent Teletas A.S. 35 Alcatel-Lucent Tunisie Sa 36 Alcatel-Lucent UK Limited 37 Alcatel-Lucent University Antwerpen 38 Alcatel-Lucent USA Inc 39 Alcatel-Lucent USA Inc (Calabasas)* 40 Alcatel-Lucent Vietnam Limited 41 Alcatel-Lucent West 42 Alcatel-Lucent Zao 43 Alcatel-Lucent(Cambodia) Branch 44 Evolium SAS 45 Lucent Technologies Nanjing 46 Lucent Technologies Qingdao 47 Motive Inc, USA 48 Net Devices Inc, USA 49 Pt Alcatel-Lucent Indonesia 50 RFS India Telecom Private Limited. 51 Taiwan International Standard Electronics Limited. |
CAPITAL STRUCTURE
AS ON 22.11.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
886150000 |
Equity Shares |
INR 10/- each |
INR 8861.500 Million |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
214945539 |
Equity Shares |
INR 10/- each |
INR 2149.500 Million |
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|
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FINANCIAL DATA
[all figures are
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 |
2149.500 |
2120.100 |
2120.100 |
|
(b) Reserves &
Surplus |
6673.000 |
6019.000 |
5552.800 |
|
(c) Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application
money pending allotment |
0.000 |
0.000 |
0.000 |
|
Total Shareholders’ Funds
(1) + (2) |
8822.500 |
8139.100 |
7672.900 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
968.200 |
911.100 |
3.100 |
|
(b) Deferred tax
liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
16.400 |
59.900 |
12.700 |
|
Total Non-current
Liabilities (3) |
984.600 |
971.000 |
15.800 |
|
|
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|
|
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(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
4165.600 |
4329.900 |
5027.000 |
|
(c) Other current liabilities |
2486.900 |
3493.300 |
3709.400 |
|
(d) Short-term provisions |
1875.900 |
2297.500 |
2113.200 |
|
Total Current Liabilities
(4) |
8528.400 |
10120.700 |
10849.600 |
|
|
|
|
|
|
TOTAL |
18335.500 |
19230.800 |
18538.300 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
1773.600 |
1760.600 |
1639.600 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) 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 |
686.200 |
686.300 |
686.200 |
|
(c) Deferred tax assets
(net) |
293.800 |
151.700 |
79.800 |
|
(d) Long-term Loan and Advances |
2419.900 |
2115.300 |
1666.800 |
|
(e) Other Non-current
assets |
968.200 |
3258.500 |
3554.300 |
|
Total Non-Current Assets |
6141.700 |
7972.400 |
7626.700 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
908.500 |
1644.900 |
1504.600 |
|
(c) Trade receivables |
8590.600 |
6128.700 |
5873.400 |
|
(d) Cash and cash
equivalents |
1315.300 |
412.900 |
237.300 |
|
(e) Short-term loans and
advances |
438.900 |
235.900 |
504.400 |
|
(f) Other current assets |
940.500 |
2836.000 |
2791.900 |
|
Total Current Assets |
12193.800 |
11258.400 |
10911.600 |
|
|
|
|
|
|
TOTAL |
18335.500 |
19230.800 |
18538.300 |
PROFIT
& LOSS ACCOUNT (STANDALONE)
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
SALES |
|
|
|
|
|
Income |
14075.300 |
12693.800 |
12423.900 |
|
|
Other Income |
122.800 |
279.400 |
85.000 |
|
|
TOTAL |
14198.100 |
12973.200 |
12508.900 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
67.100 |
72.200 |
27.000 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
0.000 |
0.000 |
1758.600 |
|
|
Employees benefits
expense |
5510.700 |
5156.000 |
4966.300 |
|
|
Other expenses |
6818.700 |
5812.300 |
3910.400 |
|
|
TOTAL |
12396.500 |
11040.500 |
10662.300 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
1801.600 |
1932.700 |
1846.600 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
71.800 |
161.300 |
54.800 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
1729.800 |
1771.400 |
1791.800 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
1188.800 |
1084.500 |
1155.700 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
541.000 |
686.900 |
636.100 |
|
|
|
|
|
|
|
Less |
TAX |
(11.200) |
220.700 |
388.800 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
552.200 |
466.200 |
247.300 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
2.57 |
2.20 |
1.17 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Maturities of Long term debt |
29.000 |
36.900 |
971.200 |
|
|
|
|
|
|
Cash generated from operations |
NA |
NA |
NA |
|
|
|
|
|
|
Net cash flows from (used in) operations |
1955.700 |
1321.000 |
1308.200 |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
1955.700 |
1321.000 |
1012.400 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
222.77 |
176.23 |
172.55 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
1.64 |
2.07 |
2.12 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
22659.37 |
21889.38 |
67957.59 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
1.98 |
1.17 |
1.23 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
1.02 |
1.10 |
1.13 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.52 |
0.58 |
0.64 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.11 |
0.12 |
0.13 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.97 |
1.24 |
1.41 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.20 |
0.22 |
0.21 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
25.09 |
11.98 |
33.70 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
3.92 |
3.67 |
1.99 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
3.01 |
2.42 |
1.33 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
6.26 |
5.73 |
3.22 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.43 |
1.11 |
1.01 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
1.32 |
0.95 |
0.87 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.48 |
0.42 |
0.41 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
0.46 |
0.45 |
0.46 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.43 |
1.11 |
1.01 |
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 |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
INR
In Million |
INR
In Million |
INR In
Million |
|
Share Capital |
2120.100 |
2120.100 |
2149.500 |
|
Reserves & Surplus |
5552.800 |
6019.000 |
6673.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
7672.900 |
8139.100 |
8822.500 |
|
|
|
|
|
|
Long Term borrowings |
3.100 |
911.100 |
968.200 |
|
Short Term borrowings |
0.000 |
0.000 |
0.000 |
|
Current Maturities of Long term debt |
971.200 |
36.900 |
29.000 |
|
Total
borrowings |
974.300 |
948.000 |
997.200 |
|
Debt/Equity
ratio |
0.127 |
0.116 |
0.113 |
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
|
12423.900 |
12693.800 |
14075.300 |
|
|
|
2.172 |
10.883 |
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
|
12423.900 |
12693.800 |
14075.300 |
|
Profit |
247.300 |
466.200 |
552.200 |
|
|
1.99% |
3.67% |
3.92% |
ABRIDGED
BALANCE SHEET (CONSOLIDATED)
|
SOURCES OF FUNDS |
|
31.03.2016 |
31.03.2015 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
2149.500 |
2120.100 |
|
(b) Reserves and Surplus |
|
7087.500 |
6520.900 |
|
(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) |
|
9237.000 |
8641.000 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
968.200 |
957.200 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long-term
liabilities |
|
0.000 |
0.000 |
|
(d) long-term
provisions |
|
16.400 |
59.900 |
|
Total Non-current
Liabilities (3) |
|
984.600 |
1017.100 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
|
0.000 |
0.000 |
|
(b) Trade
payables |
|
4095.500 |
5228.200 |
|
(c) Other
current liabilities |
|
2618.600 |
3559.500 |
|
(d) Short-term
provisions |
|
1876.300 |
2298.600 |
|
Total Current
Liabilities (4) |
|
8590.400 |
11086.300 |
|
|
|
|
|
|
TOTAL |
|
18812.000 |
20744.400 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
1773.600 |
1760.600 |
|
(ii)
Intangible Assets |
|
0.000 |
0.000 |
|
(iii) Tangible assets
capital work-in-progress |
|
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
|
293.800 |
151.700 |
|
(d)
Long-term loans and advances |
|
2419.900 |
2115.300 |
|
(e) Other
Non-current assets |
|
968.300 |
3258.500 |
|
Total Non-Current
Assets |
|
5455.600 |
7286.100 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
908.500 |
1644.900 |
|
(c) Trade receivables |
|
8592.200 |
7416.900 |
|
(d) Cash and
bank balances |
|
1667.400 |
638.900 |
|
(e)
Short-term loans and advances |
|
1193.400 |
805.900 |
|
(f) Other
current assets |
|
994.900 |
2951.700 |
|
Total
Current Assets |
|
13356.400 |
13458.300 |
|
|
|
|
|
|
TOTAL |
|
18812.000 |
20744.400 |
PROFIT
& LOSS ACCOUNT (CONSOLIDATED)
|
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
|
14132.200 |
17724.900 |
|
|
Other Income |
|
159.600 |
348.700 |
|
|
TOTAL |
|
14291.800 |
18073.600 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
|
67.100 |
72.200 |
|
|
Employee benefit expense |
|
5522.800 |
6329.700 |
|
|
Other expenses |
|
6981.400 |
7456.700 |
|
|
TOTAL |
|
12571.300 |
13858.600 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
|
1720.500 |
4215.000 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
87.600 |
175.000 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
1632.900 |
4040.000 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
1188.800 |
1262.600 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
|
444.100 |
2777.400 |
|
|
|
|
|
|
|
Less |
TAX |
|
(20.700) |
635.700 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
|
464.800 |
2141.700 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
2.16 |
10.10 |
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 |
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 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 |
COMPANY OVERVIEW
Subject and the Modi Group in India. The Company was incorporated as a public limited company in India on March 5, 1992. On June 8, 1999, Alcatel-Lucent, France acquired a significant percentage of the shareholding of the Modi Group, increasing its shareholding in the Company, effectively making the Company nearly a wholly owned subsidiary of Alcatel-Lucent, France.
The Company is engaged, inter alia, in the business of manufacturing, marketing, supply and installation of digital switching equipment and related software, cellular exchange/transmission equipment and provides related services; intelligent network and broadband solutions. The Company’s research & development unit comprising three dedicated software development facilities located at Chennai, Gurgaon and Bangalore, provides software development services to Alcatel-Lucent group companies at an agreed mark-up on costs. The Company has registered these facilities under Software Technologies Park of India (STPI), Ministry of Information Technology, Government of India as 100 per cent export oriented units.
On April 15, 2015, Nokia Corporation (‘Nokia’) and Alcatel-Lucent announced their intention to combine to create an innovation leader in next generation technology and services for an IP connected world. Each Company’s Board of Directors has approved the terms of the proposed transaction. The two companies entered into a memorandum of understanding post which Nokia made an open offer for all of the equity securities issued by Alcatel-Lucent, through a public exchange offer in France and in the United States, subject to certain conditions. Further, the open offer was re-opened by Nokia and completed on February 12, 2016 post which Nokia holds 87.33% of the Alcatel Lucent’s shares on a fully diluted basis. Hence, Nokia Corporation is considered as the ultimate holding Company w.e.f. January 7, 2016.
The Competition Commission of India (‘CCI’) has given its approval for the proposed combination of Alcatel-Lucent India Limited (‘ALIL’) with Nokia entity in India.
SCHEME OF AMALGAMATION:
During the year, pursuant to Board Resolution dated March 23, 2015, the Company had filed a petition with the Hon’ble High Court of Delhi (“the Hon’ble High Court”) for a Scheme of Amalgamation under Section 391 to 394 of the Companies Act, 1956 and other applicable provisions, if any of the Companies Act, 2013 of Net Devices India Private Limited ‘Net-D’) and Motive Communications India Private Limited (‘Motive’) with Alcatel-Lucent India Limited (‘the transferee Company’); hereinafter referred to as ‘the scheme’. The Scheme was approved on January 14, 2016 by the Hon’ble High Court under Section 391 to 394 of the Companies Act, 1956 w.e.f. April 1, 2014. The Scheme has been filed with the Registrar of Companies (RoC) on April 22, 2016.
As at the date of amalgamation i.e. April 1, 2014 there was no business undertaken by Net-D and Motive.
UNSECURED LOANS:
(INR
In Million)
|
Particulars |
As
on 31.03.2017 |
As
on 31.03.2016 |
|
LONG TERM
BORROWING |
|
|
|
Foreign currency term loans from others |
927.100 |
848.400 |
|
Total |
927.100 |
848.400 |
INDEX OF CHARGE:
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
AMOUNT |
ADDRESS |
|
1 |
Z00106068 |
80023074 |
SOCIETE GENERALE |
21/03/2001 |
24/01/2007 |
1950000000.0 |
6TH FLOOR, MOHAN
DEV,13 TOLSTOY MARGDELHIDL110001IN |
|
2 |
Y10133398 |
90053303 |
AMERICAN EXPRESS
BANK LTD. |
06/04/1998 |
- |
600000000.0 |
HAMILTON
HOUSEA-BLOCK; CONNAUGHT PLACENEW DELHIDLIN |
|
3 |
Y10133225 |
90053130 |
STANDARD CHARTERED
BANK |
17/07/1997 |
- |
180000000.0 |
17; SANSAD MARGNEW
DELHIDLIN |
|
4 |
Y10133100 |
90053005 |
BANQUE NATIONALS
DE PARIS |
19/12/1996 |
16/11/1998 |
250000000.0 |
15; BARAKHAMBA
ROADNEW DELHIDLIN |
|
5 |
Y10132934 |
90052839 |
CREDIT LYONNSIA |
21/12/1995 |
- |
110000000.0 |
603-609; 6TH
FLOORMERCANTILE HOUSE; 15; K . G. MARGNEW DELHIDL110001IN |
|
6 |
Y10132855 |
90052760 |
STANDARD CHARTERED
BANK |
28/04/1995 |
- |
100000000.0 |
PARLIAMENT
STREETNEW DELHIDLIN |
|
7 |
Y10132852 |
90052757 |
STANDARD CHARTERED
BANK |
24/04/1995 |
17/03/1997 |
100000000.0 |
PARLIAMENT
STREETNEW DELHIDLIN |
|
8 |
Y10132784 |
90052689 |
SOCIETE GENERALE |
29/11/1994 |
- |
50000000.0 |
6TH FLOOR; MOHAN
DEV13 TOLSTOY MARGNEW DELHIDL110001IN |
|
9 |
Y10132707 |
90052612 |
SOCIETE GENERALE |
31/03/1994 |
- |
50000000.0 |
6TH FLOOR; MOHAN
DEV13 TOLSTOY MARGNEW DELHIDL110001IN |
|
10 |
Y10132685 |
90052590 |
SOCIETE GENERALE |
18/12/1993 |
27/04/1994 |
300000000.0 |
6TH FLOOR; MOHAN
DEV13 TOLSTOY MARGNEW DELHIDL110001IN |
FIXED ASSETS:
Tangible assets
- Land
- Buildings
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Computer equipments
- 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 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 65.78 |
|
|
1 |
INR 93.42 |
|
Euro |
1 |
INR 81.39 |
INFORMATION DETAILS
|
Information
Gathered by : |
SUP |
|
|
|
|
Analysis Done by
: |
PSD |
|
|
|
|
Report Prepared
by : |
KVT |
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.