|
|
|
MIRA INFORM REPORT
|
Report No. : |
488668 |
|
Report Date : |
09.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
NETMAGIC IT SERVICES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Lighthall ‘C’ Wing, Hiranandani Business Park, Saki Vihar Road,
Chandivali, Mumbai – 400072, Maharashtra |
|
Tel. No.: |
91-22-40099099 |
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|
|
|
Country : |
India |
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|
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Financials (as
on) : |
31.03.2016 |
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|
|
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Date of
Incorporation : |
10.06.2005 |
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|
|
|
Com. Reg. No.: |
11-153896 |
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|
|
Capital
Investment / Paid-up Capital : |
INR 155.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U72900MH2005PTC153896 |
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IEC No.: |
Not Divulged |
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|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
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PAN No.: [Permanent Account No.] |
AACCN2366D |
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TIN No.: |
27955220208 |
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GST No.: |
27AACCN2366D1ZO |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject is in the business of Providing Data Centre services which comprises of Web Co-location services and Managed IT Hosting and other allied services. [Registered Activity] |
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|
|
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No. of Employees
: |
Not Divulged |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A+ |
|
Credit Rating |
Explanation |
Rating Comments |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
Status : |
Good |
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|
|
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Netmagic Solutions Private Limited (NMSPL) is a subsidiary of “Netmagic IT Services Private Limited (NMIT)”. The company was incorporated in the year 2005 and is based in Mumbai, Maharashtra. It is an established company having good track records. As per Registrar of Companies the date of balance sheet (i.e. financial filed) is shown as 31-03-2017 but the documents related to the financial for the year 2017 are not available from any sources As per available financials of 2016, the company has witnessed
a healthy growth in its revenue and has achieved fair profit margin at 1.05%
(approx.). The company also derives strength from its holding entity and its experienced management team. Trade relations are reported as fair. Business is active. Payment terms are seems to be regular and as per commitments. In view of the aforesaid, the company can be considered
for 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 (30.06.2017) |
Current Rating (30.09.2017) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
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High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Long Term Rating = A |
|
Rating Explanation |
Adequate degree of safety and low credit risk. |
|
Date |
04.05.2017 |
|
Rating Agency Name |
CARE |
|
Rating |
Short Term Rating = A1 |
|
Rating Explanation |
Very strong degree of safety and carry lowest credit risk. |
|
Date |
04.05.2017 |
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
31-03-2016.
BIFR (Board for Industrial & Financial Reconstruction) LISTING
STATUS
Subject’s name is not listed as a Sick Unit in
the publicly available BIFR (Board for Industrial & Financial
Reconstruction) list as of 09.02.2018
IBBI (Insolvency and Bankruptcy Board of India) LISTING STATUS
Subject’s name is not listed in the publicly
available IBBI (Insolvency and Bankruptcy Board of India) list as of report
date.
INFORMATION DECLINED BY
|
Name : |
Mr. Viral Shah |
|
Designation : |
Finance Manager |
|
Contact No.: |
91-22-40099099 |
|
Date : |
07.02.2018 |
LOCATIONS
|
Registered Office : |
Lighthall ‘C’ Wing, Hiranandani Business Park, Saki Vihar Road, Chandivali,
Mumbai – 400072, Maharashtra, India |
|
Tel. No.: |
91-22-40099099 |
|
Fax No.: |
91-22-40099101 |
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E-Mail : |
|
|
Website : |
DIRECTORS
AS ON: 31.03.2017
|
Name : |
Mr. Sharad Kumar Sanghi |
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|
Designation : |
Managing Director |
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|
Address : |
23, Seagull Carmichal Road, Mumbai-400026, Maharashtra, India |
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Date of Birth/Age : |
28.10.1966 |
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Qualification : |
B.E. Tech Electrical Engineering Mis |
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Date of Appointment : |
10.06.2005 |
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PAN No.: |
AKLPS1485N |
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DIN No.: |
00265977 |
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||||||||||||||||||||||||||||||||||
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Name : |
Mr. Harvinderjit Singh Bhatia |
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Designation : |
Director |
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Address : |
603, Sudhama Niwas 16th Road, Khar (West), Mumbai-400052, Maharashtra, India |
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|
Date of Appointment : |
01.12.2014 |
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DIN No.: |
01681292 |
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||||||||||||||||||||||||||||||||||
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Name : |
Varghese Thomas |
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|
Designation : |
Director |
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|
Address : |
Chalet Gilda, 1st Flr, Plot No. 54 Convent Avenue, Santacruz (West), Mumbai-400054, Maharashtra, India |
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|
Date of Appointment : |
29.08.2012 |
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DIN No.: |
05259148 |
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Name : |
Hideki Kurihara |
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Designation : |
Director |
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|
Address : |
3-10-21-101, Kamikitazawa, Setagaya Tokyo 1560057 Japan |
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|
Date of Appointment : |
29.08.2012 |
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DIN No.: |
05276363 |
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|
||||||||||||||||||||||||||||||||||
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Name : |
Mr. Sunil Gupta |
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|
Designation : |
Director |
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|
Address : |
148 Hope Apts Sec. 15 Part- II, Gurgaon-122001, Haryana, India |
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Date of Birth/Age : |
17.01.1972 |
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Qualification : |
B.E. |
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Date of Appointment : |
29.08.2012 |
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PAN No.: |
ACFPG5018D |
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DIN No.: |
06361812 |
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||||||||||||||||||||||||||||||||||
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Name : |
Masakazu Kobayashi |
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Designation : |
Director |
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Address : |
C 1/15, C Block, Vasant Vihar, New Delhi-110057, India |
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Date of Appointment : |
01.12.2014 |
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DIN No.: |
06363094 |
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||||||||||||||||||||||||||||||||||
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Name : |
Shigeki Hayashi |
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Designation : |
Director |
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Address : |
131, 3-11-1, Naka, Kunitachi-Shi, Tokyo, JAPAN 1860004 Japan |
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Date of Appointment : |
12.09.2013 |
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DIN No.: |
06672452 |
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KEY EXECUTIVES
|
Name : |
Mr. Viral Shah |
|
Designation : |
Finance Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON: 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Netmagic Solutions Private Limited, India |
|
15499999 |
|
Sharad Sanghi (as Nominee of Netmagic Solutions Private Limited) |
|
1 |
|
|
|
|
|
Total |
|
15500000 |
AS ON: 29.09.2017
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Promoters – Body Corporate |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is in the business of Providing Data Centre services which comprises of Web Co-location services and Managed IT Hosting and other allied services. [Registered Activity] |
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Products : |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
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Selling : |
Not Divulged |
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Purchasing : |
Not Divulged |
PRODUCTION STATUS: [NOT AVAILABLE]
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Not Divulged |
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Bankers : |
· Axis Bank Limited Corporate Banking Branch, Axis House, Ground Floor, Wadia International Centre, Worli, Mumbai - 400025, Maharashtra, India · Sumitomo Mitsui Banking Corporation · Mizuho Bank Limited |
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Facilities : |
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Auditors : |
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|
Name : |
B S R and Company Chartered Accountants |
|
Address : |
5th Floor, Lodha Excelus, Apollo Mills Compound, N. M. Joshi Marg, Mahalaxmi, Mumbai – 400011, Maharashtra,, India |
|
PAN No.: |
AAAFB9852F |
|
|
|
|
Memberships : |
Not Available |
|
|
|
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Collaborators : |
Not Available |
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|
|
|
Holding company: |
Netmagic Solutions Private Limited
[U73900MH1998PTC116053] |
|
|
|
|
Ultimate Holding
company: |
NTT Communications Corporation, Japan |
|
|
|
|
Enterprises which are owned, or have
significant influence of or are partners with Key management personnel and their
relatives: |
India Parenting Private Limited [U72900MH1999PTC119153] |
|
|
|
|
Fellow
Subsidiary company : |
· NTT Communications India Private Limited [U00075DL2005PTC140544] · NTT America Incorporation · NTT Com Asia Limited · NTT Data Global Delivery Services Private Limited [U74899DL1989PTC093534] · Dimension Data India Private Limited [U72200MH1994PTC083713] · Dimension Data Cloud Solutions, Inc. |
CAPITAL STRUCTURE
AS ON: 31.03.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
20000000 |
Equity Shares |
INR 10/- each |
INR 200.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
15500000 |
Equity Shares |
INR 10/- each |
INR 155.000
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
155.000 |
155.000 |
45.000 |
|
(b) Reserves and Surplus |
5511.390 |
5462.450 |
55.850 |
|
(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) |
5666.390 |
5617.450 |
100.850 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
2571.840 |
977.500 |
1247.750 |
|
(b) Deferred tax liabilities (Net) |
65.490 |
7.670 |
0.000 |
|
(c) Other long-term
liabilities |
295.530 |
279.520 |
253.300 |
|
(d) long-term
provisions |
82.890 |
58.600 |
42.050 |
|
Total Non-current
Liabilities (3) |
3015.750 |
1323.290 |
1543.100 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
284.770 |
130.000 |
180.000 |
|
(b) Trade
payables |
743.090 |
358.860 |
312.200 |
|
(c) Other
current liabilities |
748.850 |
563.810 |
544.500 |
|
(d) Short-term
provisions |
6.870 |
8.660 |
12.660 |
|
Total Current
Liabilities (4) |
1783.580 |
1061.330 |
1049.360 |
|
|
|
|
|
|
TOTAL |
10465.720 |
8002.070 |
2693.310 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
8212.700 |
2272.690 |
1334.590 |
|
(ii)
Intangible Assets |
24.650 |
28.160 |
22.210 |
|
(iii) Tangible assets
capital work-in-progress |
52.410 |
116.840 |
365.440 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
731.590 |
4281.180 |
316.960 |
|
(e) Other
Non-current assets |
0.000 |
0.300 |
0.060 |
|
Total Non-Current
Assets |
9021.350 |
6699.170 |
2039.260 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
0.000 |
0.130 |
2.470 |
|
(c) Trade
receivables |
1050.790 |
486.950 |
458.700 |
|
(d) Cash and
bank balances |
144.950 |
607.570 |
54.240 |
|
(e)
Short-term loans and advances |
227.010 |
204.070 |
138.580 |
|
(f) Other current
assets |
21.620 |
4.180 |
0.060 |
|
Total
Current Assets |
1444.370 |
1302.900 |
654.050 |
|
|
|
|
|
|
TOTAL |
10465.720 |
8002.070 |
2693.310 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
4680.210 |
3004.640 |
2236.940 |
|
|
Other Income |
41.170 |
108.100 |
2.890 |
|
|
TOTAL |
4721.380 |
3112.740 |
2239.830 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
1232.650 |
884.050 |
636.040 |
|
|
Purchases of
Stock-in-Trade |
503.410 |
110.740 |
103.940 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
0.130 |
2.340 |
(2.470) |
|
|
Employee benefit expense |
905.830 |
772.580 |
581.090 |
|
|
Other expenses |
894.380 |
607.710 |
459.740 |
|
|
TOTAL |
3536.400 |
2377.420 |
1778.340 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
1184.980 |
735.320 |
461.490 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
162.770 |
126.440 |
89.580 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
1022.210 |
608.880 |
371.910 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
888.030 |
535.790 |
382.110 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
134.180 |
73.090 |
(10.200) |
|
|
|
|
|
|
|
Less |
TAX |
85.240 |
56.490 |
(2.850) |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
48.940 |
16.600 |
(7.350) |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
3.16 |
1.70 |
(1.63) |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Maturities of Long term debt |
20.240 |
20.198 |
21.940 |
|
|
|
|
|
|
Net cash flows from (used in) operations |
1009.760 |
627.950 |
516.740 |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
692.240 |
464.980 |
384.490 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
81.95 |
59.15 |
74.85 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
4.45 |
6.17 |
4.88 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
156.23 |
131.67 |
153.99 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.00 |
5656.31 |
186.84 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.14 |
0.30 |
0.27 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.42 |
0.26 |
0.86 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.51 |
0.20 |
14.37 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.31 |
0.19 |
10.41 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
1.46 |
0.43 |
17.08 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
7.28 |
5.82 |
5.15 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
1.05 |
0.55 |
-0.33 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
0.47 |
0.21 |
-0.27 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
0.86 |
0.30 |
-7.29 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current
Assets / Current Liabilities) |
0.81 |
1.23 |
0.62 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.81 |
1.23 |
0.62 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.54 |
0.70 |
0.04 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
18.56 |
7.28 |
32.22 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
0.81 |
1.23 |
0.62 |
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 |
45.000 |
155.000 |
155.000 |
|
Reserves & Surplus |
55.850 |
5462.450 |
5511.390 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
100.850 |
5617.450 |
5666.390 |
|
|
|
|
|
|
long-term borrowings |
1247.750 |
977.500 |
2571.840 |
|
Short term borrowings |
180.000 |
130.000 |
284.770 |
|
Current Maturities of Long
term debt |
21.940 |
20.198 |
20.240 |
|
Total
borrowings |
1449.690 |
1127.698 |
2876.850 |
|
Debt/Equity
ratio |
14.375 |
0.201 |
0.508 |
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 |
2236.940 |
3004.640 |
4680.210 |
|
|
|
34.319 |
55.766 |
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 |
2236.940 |
3004.640 |
4680.210 |
|
Profit/ (Loss) |
(7.350) |
16.600 |
48.940 |
|
|
(0.33
%) |
0.55
% |
1.05
% |
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 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 |
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 |
INDEX OF CHARGES
|
CHARGES REGISTERED |
||||||||
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
G19845346 |
100057968 |
SUMITOMO MITSUI BANKING CORPORATION |
07/10/2016 |
- |
- |
450000000.0 |
13TH FLOOR, HINDUSTAN TIMES HOUSE,18-20, KASTURBA GANDHI MARG, CONNAUGHT PLACE,NEW DELHIDL110001IN |
|
2 |
G07147549 |
100037402 |
MIZUHO BANK LIMITED |
13/06/2016 |
- |
- |
300000000.0 |
DLF - CAPITOL POINT, 1ST FLOOR,BABA KHARAG SINGH MARG,NEW DELHIDL110001IN |
|
3 |
G07156987 |
100037421 |
SUMITOMO MITSUI BANKING CORPORATION |
13/06/2016 |
- |
- |
300000000.0 |
13TH FLOOR, HINDUSTAN TIMES HOUSE,18-20, KASTURBA GANDHI MARG, CONNAUGHT PLACE,NEW DELHIDL110001IN |
|
4 |
C75355842 |
10611829 |
SUMITOMO MITSUI BANKING CORPORATION |
14/12/2015 |
- |
- |
136000000.0 |
13TH FLOOR, HINDUSTAN TIMES HOUSE,18-20, KASTURBA GANDHI MARG, CONNAUGHT PLACE,NEW DELHIDL110001IN |
|
5 |
C73477259 |
10608297 |
MIZUHO BANK LTD |
03/09/2015 |
- |
- |
970000000.0 |
DLF - CAPITOL POINT, 1ST FLOOR,BABA KHARAG SINGH MARG,NEW DELHIDL110001IN |
|
6 |
C62412200 |
10587825 |
MIZUHO BANK LIMITED |
26/06/2015 |
- |
- |
630000000.0 |
DLF - CAPITOL POINT, 1ST FLOOR,BABA KHARAG SINGH MARG,NEW DELHIDL110001IN |
|
7 |
G43479575 |
10468389 |
MIZUHO BANK LTD (FORMERLY KNOWN AS MIZUHO CORPORATE BANK LTD) |
26/12/2013 |
17/04/2017 |
- |
450000000.0 |
LEVEL - 17, TOWER A, PENINSULA BUSINESS PARK,SENAPATI BAPAT MARG,MUMBAIMH400013IN |
|
8 |
C62205851 |
10407118 |
MIZUHO BANK LIMITED |
25/02/2013 |
12/08/2015 |
- |
500000000.0 |
DLF - CAPITOL POINT, 1ST FLOOR,BABA KHARAG SINGH MARG,NEW DELHIDL110001IN |
|
9 |
C00270496 |
10407720 |
AXIS BANK LTD. |
22/01/2013 |
04/02/2014 |
- |
40000000.0 |
CORPORATE BANKING BRANCH, AXIS HOUSEGROUND FLOOR, WADIA INTERNATIONAL CENTRE, WORLIMUMBAIMH400025IN |
|
10 |
C75587592 |
10407725 |
AXIS BANK LTD. |
22/01/2013 |
- |
22/12/2015 |
397600000.0 |
CORPORATE BANKING BRANCH, AXIS HOUSE,GROUND FLOOR, WADIA INTERNATIONAL CENTRE, WORLI,MUMBAIMH400025IN |
UNSECURED LOANS
|
PARTICULARS |
31.03.2016 (INR
In Million) |
31.03.2015 (INR
In Million) |
|
LONG-TERM BORROWINGS |
|
|
|
Debentures |
628.080 |
628.080 |
|
Intercorporate deposits |
200.000 |
0.000 |
|
Other loans and advances, others |
0.000 |
3.260 |
|
|
|
|
|
Total |
828.080 |
631.340 |
OPERATIONS/ STATE OF
THE COMPANY’S AFFAIRS:
Last year has been significant for them in terms of business and it has been driven with a strong growth strategy. During the year, they have launched new Data centre at Mumbai and has resulted in acquisition of several new logo, thanks to the efforts of support functions of the Organisation. The Company has growth rate of over 50% for the year, and is foreseeing considerable growth on a year-on-year basis.
Netmagic is also among the few players in the Indian DC space that started offering cloud services as early as 2009. Today, it has over 350 customers in the cloud space. Overall, the company has a customer base of 1,500 across its offerings
Global giants Frost and Sullivan have recognized us as the best 'Third party Data Center Services Provider' and 'Cloud Infrastructure-as-a-Service Provider' at the 2016 India ICT Awards, just months after their services were recognized at the CIO Choice Awards.
FIXED ASSETS:
· Land
· Buildings
· Furniture and fixtures
· Vehicles
· Motor vehicles
· Office equipment
· 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, 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 64.16 |
|
UK Pound |
1 |
INR 89.19 |
|
Euro |
1 |
INR 78.75 |
INFORMATION DETAILS
|
Information
Gathered by : |
SUP |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
RUP |
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.