|
|
|
MIRA INFORM REPORT
|
Report No. : |
488661 |
|
Report Date : |
10.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
ANUNTA TECHNOLOGY MANAGEMENT SERVICES
LIMITED |
|
|
|
|
Registered
Office : |
Level 2, Block B6, Nirlon Knowledge Park, Off. Western Express
Highway, Goregaon (East), Mumbai – 400063, Maharashtra |
|
Tel. No.: |
91-22-66200820 |
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|
|
|
Country : |
India |
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|
|
|
Financials (as
on) : |
31.03.2017 |
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|
|
|
Date of
Incorporation : |
11.05.2012 |
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|
|
|
Com. Reg. No.: |
11-230890 |
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|
|
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Capital
Investment / Paid-up Capital : |
INR 83.512 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U72300MH2012PLC230890 |
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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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GSTIN : |
Not Divulged |
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PAN No.: [Permanent Account No.] |
AAKCA6159M |
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|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
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|
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Line of Business
: |
Subject is a service company, engaged in the business of providing and facilitating range of Information Technology (IT) and IT enabled services, delivering technology-driven business solutions and other value added services related to IT. (Registered activity) |
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|
|
|
No. of Employees
: |
Information declined by the management
|
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Status : |
Satisfactory |
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|
|
|
Payment Behaviour : |
Slow but correct |
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|
|
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Litigation : |
Clear |
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|
Comments : |
Subject was incorporated in the year 2012 having satisfactory track
record. For the financial year 2017, the company has achieved decent growth in
its revenue as compared to its previous year but has reported losses during
the year. Rating takes into consideration, the satisfactory financial risk
profile marked by adequate net worth base and comfortable debt protection
metric. Rating continue to derive strength from its established track record
of its business operation backed by its well experience management team along
and regular equity infusion during the year. However, these rating strengths gets partially offset by its
continuous operational losses due to volatility profitability margin and
intensive competition in the service industry. Payments seems to be slow but correct. In view of 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 |
|
High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
Not Available |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2016.
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 DENIED BY
MANAGEMENT NON-COOPERATIVE: Tel No.: 91-22-66200820/66200888
LOCATIONS
|
Registered Office : |
Level 2, Block B6, Nirlon Knowledge Park, Off. Western Express Highway,
Goregaon (East), Mumbai – 400063, Maharashtra, India |
|
Tel. No.: |
91-22-66200820/66200888 / 66200889 |
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Fax No.: |
91-22-66200889 |
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E-Mail : |
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|
Website : |
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Branch Office : |
RM 1901 and 1902, 19th Floor, A Wing, Raheja, Worli, Mumbai
– 400018, Maharashtra, India |
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|
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Bengaluru Office : |
AL NOOR Building, 17/1, First Floor, Palace Road, High Grounds, Bengaluru – 560 052, Karnataka, India |
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Tel No.: |
91-80-46786800. |
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|
|
|
Chennai Office : |
4th Floor, Block B, Futura Tech Park, 334, Old Mahabalipuram Road, Sholinganallur, Chennai – 600 119, Tamilnadu, India |
|
Tel No.: |
91-44-33212300 |
|
Fax No.: |
91-44-33212399. |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Ananda Mukerji |
||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||
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Address : |
RM 1901 and 1902, 19th Floor, A Wing, Raheja Atlantis, G
Kadam Marg, Worli, Mumbai - 400018, Maharashtra, India |
||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
27.01.1959 |
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Qualification : |
B.Tech, PGDM, IIM-C |
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Date of Appointment : |
11.05.2012 |
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PAN No.: |
AAPPM4155R |
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DIN No.: |
00015304 |
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||||||||||||||||||||||||||||||||||||||||
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Name : |
Mr. Vishal Vijay Gupta |
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Designation : |
Director |
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|
Address : |
#15 & 16, D Block, Binny Crescent Apartments, Nandidurga
Road, Benson Town, Bangalore - 560046, Karnataka, India |
||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
24.09.1977 |
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Date of Appointment : |
21.01.2013 |
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DIN No.: |
01913013 |
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Other Directorship:
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Name : |
Mr. Darshana Sanjiv Dalal |
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|
Designation : |
Director |
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|
Address : |
1802, Odyssey II, Orchard Avenue, Hiranandani Gardens,
Powai, Mumbai - 400076, Maharashtra, India |
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Date of Birth/Age : |
25.08.1956 |
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Date of Appointment : |
24.03.2014 |
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DIN No.: |
05246285 |
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||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Sumit Dhawan |
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|
Designation : |
Director |
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|
Address : |
165 Wooded View Drive, Los Gatos, 95032, United States of
America |
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Date of Birth/Age : |
08.06.1974 |
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Date of Appointment : |
30.09.2015 |
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DIN No.: |
06994144 |
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KEY EXECUTIVES
|
Name : |
Mr. Abhijeet Battachorjee |
|
Designation : |
RM |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Darshana Dalal |
|
2999700 |
|
Ananada Mukerji |
|
2979500 |
|
Neeta Mukerji |
|
20200 |
|
Darshana Dalal (Heir of late Mr. Surendra Dalal) |
|
10100 |
|
Manjula Dalal |
|
20200 |
|
Abhimanyu Mukerji |
|
30300 |
|
Bessemer Venture Partners Trust, Mauritius |
|
10100 |
|
Dr. Ashok Ganguly and Mrs. Rooma Ganguly |
|
50500 |
|
J.M. Financial and Investment Consultancy Services Private Limited,
India |
|
50500 |
|
Sivakumar Ramamurthy |
|
10 |
|
Chandra Lyer |
|
33000 |
|
Total |
|
6204110 |
0.01% Series A
Preference Shares
|
Names of Shareholders |
|
No. of Shares |
|
Bessemer Venture Partners Trust, Mauritius |
|
33230 |
|
|
|
|
|
Total |
|
33230 |
Series A-1
Preference Shares
|
Names of Shareholders |
|
No. of Shares |
|
Ms. Neeta Mukerji |
|
2666 |
|
Ms. Darshana Dalal |
|
2666 |
|
Bessemer Venture Partners Trust, Mauritius |
|
795921 |
|
Dr. Ashok Ganguly and Mrs. Rooma Ganguly |
|
6666 |
|
J.M. Financial and Investment Consultancy Services Private Limited,
India |
|
6666 |
|
Total |
|
814585 |
Series A-2 Preference
Shares
|
Names of Shareholders |
|
No. of Shares |
|
Bessemer Venture Partners Trust, Mauritius |
|
733198 |
|
Total |
|
733198 |
Series Additional
A-2 Preference Shares
|
Names of Shareholders |
|
No. of Shares |
|
Bessemer Venture Partners Trust, Mauritius |
|
244399 |
|
Total |
|
244399 |
Series A-3
Preference Shares
|
Names of Shareholders |
|
No. of Shares |
|
Bessemer Venture Partners Trust, Mauritius |
|
244807 |
|
Anand Mukerji |
|
76923 |
|
Total |
|
321730 |
Equity Share Break up (Percentage of Total Equity)
As on 18.09.2017
|
Category |
Percentage |
|
Promoter – (Individual/ Hindu Undivided
Family – Indian) |
97.68 |
|
Public – (Individual/ Hindu
Undivided Family – Indian) |
1.35 |
|
Public – Venture Capital |
0.16 |
|
Public - Bodies corporate |
0.81 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is a service company, engaged in the business of providing and facilitating range of Information Technology (IT) and IT enabled services, delivering technology-driven business solutions and other value added services related to IT. (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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||||
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Imports : |
Not Divulged |
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|
||||
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Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the management |
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Bankers : |
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Facilities : |
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Auditors : |
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|
Name : |
B S R and Company LLP Chartered Accountants |
|
Address : |
Lodha Excelus 1st Floor, Apollo Mills Compound, Mahalakshmi, Mumbai – 400011, Maharashtra, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAAFB9852F |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Subsidiary company: |
Anunta Tech Inc., United States |
|
|
|
|
Enterprises which
are owned, or have significant influence of or are partners with Key management
personnel and their relatives : |
Bessermer Venture Partners Trust, Mauritius |
CAPITAL STRUCTURE
As on 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
13200000 |
Equity Shares |
INR 10/- each |
INR 132.000 Million |
|
5400000 |
Preference Shares |
INR 10/- each |
INR 54.000 Million |
|
|
Total |
|
INR 186.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6204110 |
Equity Shares |
INR 10/- each |
INR 62.041
Million |
|
2147142 |
Preference Shares |
INR 10/- each |
INR 21.472
Million |
|
|
Total |
|
INR 83.513
Million |
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
83.513 |
79.965 |
70.189 |
|
(b) Reserves and Surplus |
150.588 |
119.610 |
75.013 |
|
(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) |
234.101 |
199.575 |
145.202 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.494 |
8.740 |
35.685 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long-term
liabilities |
1.117 |
8.167 |
4.903 |
|
(d) long-term
provisions |
8.629 |
5.877 |
4.829 |
|
Total Non-current
Liabilities (3) |
10.240 |
22.784 |
45.417 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
51.082 |
32.513 |
0.000 |
|
(b) Trade
payables |
15.597 |
15.727 |
44.318 |
|
(c) Other
current liabilities |
53.138 |
51.739 |
54.165 |
|
(d) Short-term
provisions |
5.864 |
3.341 |
1.449 |
|
Total Current
Liabilities (4) |
125.681 |
103.320 |
99.932 |
|
|
|
|
|
|
TOTAL |
370.022 |
325.679 |
290.551 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
18.080 |
20.130 |
23.646 |
|
(ii)
Intangible Assets |
7.864 |
17.573 |
27.961 |
|
(iii) Tangible assets
capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
185.234 |
142.001 |
83.981 |
|
(b) Non-current Investments |
0.739 |
0.739 |
0.739 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
19.873 |
23.668 |
26.496 |
|
(e) Other
Non-current assets |
7.657 |
6.525 |
1.753 |
|
Total Non-Current
Assets |
239.447 |
210.636 |
164.576 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.004 |
0.004 |
59.000 |
|
(b)
Inventories |
0.000 |
0.000 |
0.000 |
|
(c) Trade
receivables |
23.717 |
11.520 |
15.456 |
|
(d) Cash and
bank balances |
82.723 |
92.098 |
18.174 |
|
(e)
Short-term loans and advances |
22.768 |
9.860 |
24.940 |
|
(f) Other
current assets |
1.363 |
1.561 |
8.405 |
|
Total
Current Assets |
130.575 |
115.043 |
125.975 |
|
|
|
|
|
|
TOTAL |
370.022 |
325.679 |
290.551 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
409.362 |
306.713 |
276.152 |
|
|
Other Income |
7.651 |
7.030 |
10.039 |
|
|
TOTAL |
417.013 |
313.743 |
286.191 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Employee benefit expense |
212.752 |
173.655 |
146.535 |
|
|
Other expenses |
192.974 |
182.674 |
168.270 |
|
|
TOTAL |
405.726 |
356.329 |
314.805 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION
AND AMORTISATION |
11.287 |
(42.586) |
(28.614) |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
7.888 |
7.517 |
10.365 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
3.399 |
(50.103) |
(38.979) |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
16.387 |
17.196 |
18.120 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
(12.988) |
(67.299) |
(57.099) |
|
|
|
|
|
|
|
Less |
TAX |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
(12.988) |
(67.299) |
(57.099) |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
7.067 |
3.214 |
0.774 |
|
|
TOTAL EARNINGS |
7.067 |
3.214 |
0.774 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
(2.10) |
(10.91) |
(9.25) |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
0.000 |
22.441 |
21.374 |
|
Net cash flows from (used in) operations |
14.227 |
(45.559) |
8.010 |
|
Net cash flows from (used in) operating activities |
16.285 |
(40.540) |
6.935 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
21.15 |
13.71 |
20.43 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
17.26 |
26.62 |
17.87 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.05 |
(0.24) |
(0.21) |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.34 |
0.41 |
0.54 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.22 |
0.32 |
0.39 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
0.54 |
0.52 |
0.69 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.90 |
0.90 |
0.93 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
1.43 |
(5.67) |
(2.76) |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
(3.17) |
(21.94) |
(20.68) |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
(3.51) |
(20.66) |
(19.65) |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
(5.55) |
(33.72) |
(39.32) |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.04 |
1.11 |
1.26 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
1.04 |
1.11 |
1.26 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.63 |
0.61 |
0.50 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
0.62 |
0.80 |
0.81 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.04 |
1.11 |
1.26 |
Total Liability = Short-term Debt + Long-term
Debt + Current Maturities of Long-term debts
FINANCIAL ANALYSIS
[all figures are
INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Share Capital |
70.189 |
79.965 |
83.513 |
|
Reserves & Surplus |
75.013 |
119.610 |
150.589 |
|
Net
worth |
145.202 |
199.575 |
234.102 |
|
|
|
|
|
|
Long-term borrowings |
35.685 |
8.740 |
0.494 |
|
Short term borrowings |
0.000 |
32.513 |
51.082 |
|
Current maturities of
long-term debts |
21.374 |
22.441 |
0.000 |
|
Total
borrowings |
57.059 |
63.694 |
51.576 |
|
Debt/Equity
ratio |
0.393 |
0.319 |
0.220 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Sales |
276.152 |
306.713 |
409.362 |
|
|
0.000 |
11.067 |
33.467 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Sales |
276.152 |
306.713 |
409.362 |
|
Profit/ (Loss) |
(57.099) |
(67.299) |
(12.988) |
|
|
(20.68
%) |
(21.94
%) |
(3.17
%) |
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 |
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 |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
STATE OF COMPANY’S
AFFAIRS
The total income increased from 313.740 million to 417.010 million, an increase of 32.92% over the previous financial year. The Net Loss after Tax decreased from 67.300 million to 12.990 million, a reduction of 80.7% over the previous financial year. The company turned profitable at an EBITDA level during the year compared to a loss at the EBITDA level during the previous financial year.
The Company has achieved significant growth this year and has also turned profitable at the EBITDA level. For further growth, the Company is now expanding beyond the Indian market and taking its Application Delivery as a Service (ADaaS) proposition to the US market. The Company has also made substantial progress in the development of EuVantage, a software platform designed for management of virtualized application delivery environments.
INDEX
OF CHARGES:
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of
Modification |
Date of
Satisfaction |
Amount |
Address |
|
1 |
G45405149 |
100023861 |
KOTAK MAHINDRA BANK LIMITED |
04/04/2016 |
22/05/2017 |
- |
120000000.0 |
27BKC, C 27, G Block Bandra Kurla Complex, Bandra (East), Mumbai – 400051, Maharashtra, India |
|
2 |
G02445385 |
10460314 |
SVB INDIA FINANCE PRIVATE LIMITED |
19/11/2013 |
30/06/2014 |
02/05/2016 |
40000000.0 |
12th FLOOR, EXPRESS TOWERS, NARIMAN POINT, MUMBAI – 400021, Maharashtra, India |
|
3 |
G02441319 |
10506173 |
SVB INDIA FINANCE PRIVATE LIMITED |
30/06/2014 |
- |
02/05/2016 |
25000000.0 |
12th FLOOR, EXPRESS TOWERS, NARIMAN POINT, MUMBAI – 400021, Maharashtra, India |
CONTINGENT
LIABILITIES:
(INR in million)
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
|
Guarantees |
6.498 |
6.375 |
|
Other money for which company is contingently liable |
0.009 |
0.007 |
FIXED ASSETS
Tangible Assets
- Vehicles
- Motor vehicles
- Office equipment
- Computer equipments
- Leasehold improvements
Intangible Assets
- Goodwill
- Brands and trade marks
- Trade marks
- Computer software
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 64.13 |
|
|
1 |
INR 89.49 |
|
Euro |
1 |
INR 79.43 |
INFORMATION DETAILS
|
Information
Gathered by : |
SLK |
|
|
|
|
Analysis Done by
: |
NSR |
|
|
|
|
Report Prepared
by : |
SUJ |
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.