|
|
|
MIRA INFORM REPORT
|
Report No. : |
491331 |
|
Report Date : |
12.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
ADITYA BIRLA SUN LIFE AMC LIMITED |
|
|
|
|
Registered
Office : |
One India Bulls, Tower 1, 17th Floor, Jupiter Mills, Senapati Bapat
Marg, Elphinstone Road, Mumbai-400013, Maharashtra |
|
Tel. No.: |
91-22-43568008 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
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|
|
|
Date of
Incorporation : |
05.09.1994 |
|
|
|
|
Com. Reg. No.: |
11-080811 |
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|
|
|
Capital
Investment / Paid-up Capital : |
INR 180.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U65991MH1994PLC080811 |
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|
|
|
IEC No.: |
Not Divulged |
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|
|
|
GSTIN : |
Not Divulged |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
|
PAN No.: [Permanent Account No.] |
AAACB6134D |
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|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
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|
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|
Line of Business
: |
Providing financial and insurance services. [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)
|
MIRA’s Rating : |
A++ |
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
Status : |
Excellent |
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|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company incorporated in the year 1994 and it is having fine track records. It act as investment managers of Aditya Birla Sun Life Mutual Fund and joint venture between the “Aditya Birla Group” and the “Sun Life Financial Services Inc” of Canada. The mutual fund offer a range of investment options, including diversified and sector specific equity schemes, fund of fund schemes, hybrid and monthly income funds a wide range of debt and treasury products and offshore funds. For the financial year 2017, the company has increased its revenue from operation and maintained healthy profitability margin of 23.56%. Rating takes into consideration strong financial profile of the company marked by healthy networth base and debt free balance sheet. Rating further derives strength from strong operational and management support from its holding entity and its reputed market position. Rating also reflects company’s established track records of business operations along with improvement in the revenue as well as profitability profile during the year. Trade relations are reported as trustworthy. Business is active. Payments are reported to be regular and as per commitment. In view of established market position, 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.
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
31-03-2016.
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 12.02.2018
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
MANAGEMENT NON-COOPERATIVE (Tel. No.:
91-22-43568008)
LOCATIONS
|
Registered Office : |
One India Bulls, Tower 1, 17th Floor, Jupiter Mills, Senapati Bapat Marg,
Elphinstone Road, Mumbai-400013, Maharashtra, India |
|
Tel. No.: |
91-22-43568008 / 43568000 |
|
Fax No.: |
91-22-43568110/ 8111 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Naresh Chand Singhal |
|
Designation : |
Director |
|
Address : |
D107, Poornima 23 Pedder Road, Mumbai-400026, Maharashtra, India |
|
Date of Birth/Age : |
09.08.1936 |
|
Qualification : |
Postgraduate in Economics, Statistics and Administration |
|
Date of Appointment : |
20.05.2002 |
|
DIN No.: |
00004916 |
|
|
|
|
Name : |
Mr. Kumar Mangalam Birla |
|
Designation : |
Director |
|
Address : |
Mangal Adityayan, 20 Carmichel Road, Behind Jaslok Hospital, Mumbai-400026, Maharashtra, India |
|
Date of Birth/Age : |
14.06.1967 |
|
Qualification : |
C.A., M.B.A. (London Business School) |
|
Date of Appointment : |
28.10.1995 |
|
DIN No.: |
00012813 |
|
|
|
|
Name : |
Ms. Bobby Kanubhai Parikh |
|
Designation : |
Director |
|
Address : |
4th Floor, Seven On The Hill, Pali Hill Auxilium Convent Road, Bandra (West), Mumbai-400050, Maharashtra, India |
|
Date of Birth/Age : |
30.04.1964 |
|
Qualification : |
B.Com, C.A. |
|
Date of Appointment : |
03.02.2012 |
|
DIN No.: |
00019437 |
|
|
|
|
Name : |
Mr. Navalkishor Naginlal Jambusaria |
|
Designation : |
Director |
|
Address : |
401, Bakers Field, A - 22, Shastri Nagar, Andheri (West), Mumbai – 400053, Maharashtra, India |
|
Date of Birth/Age : |
15.12.1933 |
|
Qualification : |
M. Com, Fellow of the Institute of Actuaries, London. F.A.S.I. (Fellow of the Actuarial Society of India) |
|
Date of Appointment : |
19.06.2001 |
|
DIN No.: |
00055760 |
|
|
|
|
Name : |
Mr. Bharat Vithalbhai Patel |
|
Designation : |
Director |
|
Address : |
52, Miami Apartments, Bhulabhai Desai Road, Mumbai-400026, Maharashtra, India |
|
Date of Birth/Age : |
24.09.1944 |
|
Qualification : |
B.A. (Hons.), Accounting, University of Waterloo, M.A., Economics, University of Notre Dame, USA, MBA, Marketing, University of Michigan, USA. |
|
Date of Appointment : |
27.06.2012 |
|
DIN No.: |
00060998 |
|
|
|
|
Name : |
Mr. Pankaj Jawaharlal Razdan |
|
Designation : |
Director |
|
Address : |
Pinnaacle D'dreams 301 and 302, 3rd Floor, JVPD Scheme, Juhu, Mumbai-400049, Maharashtra, India |
|
Date of Birth/Age : |
16.11.1968 |
|
Qualification : |
B. Tech (Electronics), B.SC (Electronics) |
|
Date of Appointment : |
21.10.2009 |
|
DIN No.: |
00061240 |
|
|
|
|
Name : |
Ms. Alka Marezban Bharucha |
|
Designation : |
Director |
|
Address : |
7E, Harbour Heights, N. A. Sawant Marg, Colaba, Mumbai-400005, Maharashtra, India |
|
Date of Birth/Age : |
06.03.1957 |
|
Qualification : |
B.A (Hons), University of Bombay, LLB, University of Bombay, LLM, University of London, Solicitor, High Court, Mumbai, Solicitor, Supreme Court of England and Wales |
|
Date of Appointment : |
31.03.2015 |
|
DIN No.: |
00114067 |
|
|
|
|
Name : |
Mr. Ajay Srinivasan |
|
Designation : |
Director |
|
Address : |
2601 / 2603, Vivarea Building Jacob Circle, Mahalaxmi, Mumbai-400011, Maharashtra, India |
|
Date of Birth/Age : |
02.11.1963 |
|
Qualification : |
B.A. Economics (Hons.), PGDM, IIM - Ahmedabad |
|
Date of Appointment : |
02.08.2007 |
|
DIN No.: |
00121181 |
|
|
|
|
Name : |
Mr. Vaidyanathan Ramamurthy |
|
Designation : |
Director |
|
Address : |
226, Panduranga Nagar, Bannerghatta Road, Bangalore-560076, Karnataka, India |
|
Date of Birth/Age : |
21.12.1951 |
|
Qualification : |
M. Stat, PhD in Finance |
|
Date of Appointment : |
21.10.2009 |
|
DIN No.: |
00221577 |
|
|
|
|
Name : |
Mr. Sandeep Asthana |
|
Designation : |
Director |
|
Address : |
A-403, Golden Oak, Hiranandani Gardens, Powai, Mumbai-400076, Maharashtra, India |
|
Date of Birth/Age : |
16.04.1968 |
|
Qualification : |
B. Tech (IIT, Mumbai) MBA (IIM, Lucknow) |
|
Date of Appointment : |
27.04.2011 |
|
DIN No.: |
00401858 |
|
|
|
|
Name : |
Mr. Colm Joseph Freyne |
|
Designation : |
Director |
|
Address : |
60 Bannockburn Avenue, Toronto, Ontario M5m2n1 CA |
|
Date of Birth/Age : |
16.12.1958 |
|
Qualification : |
Chartered Accountant in Ireland and Canada, B Com (Honours) University College, Dublin |
|
Date of Appointment : |
25.10.2016 |
|
DIN No.: |
07627357 |
|
|
|
|
Name : |
Mr. Claude Alan Accum |
|
Designation : |
Additional Director |
|
Address : |
Flat A, 35th Floor, Tower 3, Dynasty Court, No. 23 Old Peak Road, Hong Kong 999999 Hong Kong |
|
Date of Appointment : |
25.07.2017 |
|
DIN No.: |
07882135 |
KEY EXECUTIVES
|
Name : |
Mr. Parag Yashwant Joglekar |
|
Designation : |
Company Financial Officer (Kmp) |
|
Address : |
9/A, Madhu-Milind Society, Mahatma Phule Road, Naupada, Thane-400602, Maharashtra, India |
|
Date of Birth/Age : |
05.10.1972 |
|
Qualification : |
CA |
|
Date of Appointment : |
25.04.2014 |
|
PAN No.: |
AAKPJ4994L |
|
|
|
|
Name : |
Mr. Balasubramanian Athmanathan |
|
Designation : |
Chief Executive Officer (Kmp) |
|
Address : |
Bungalow No. 18, Lakshmi Niwas, Atur Park CHSL, Sion Trombay Road, Chembur, Mumbai-400071, Maharashtra, India |
|
Date of Birth/Age : |
05.06.1966 |
|
Qualification : |
B. Sc (Math), P.G.D.C.M, DFM, AMP (IIM-B) |
|
Date of Appointment : |
25.04.2014 |
|
PAN No.: |
ADAPB7579G |
|
|
|
|
Name : |
Ms. Hemanti G Wadhwa |
|
Designation : |
Company Secretary |
|
Address : |
105, Anandham CHS - 1, 38/39 Mogra Village, Near Amboli Railway Crossing, Andheri (East), Mumbai-400069, Maharashtra, India |
|
Date of Birth/Age : |
31.12.1974 |
|
Qualification : |
M.Com, LLB (Gen), FCS |
|
Date of Appointment : |
01.02.2016 |
|
PAN No.: |
AAOPW3837H |
MAJOR SHAREHOLDERS
AS ON 23.06.2017
|
Names of Shareholders |
|
No. of Shares |
|
Aditya Birla Capital Limited |
|
9179910 |
|
Sun Life (India) AMC Investment Inc. |
|
8820000 |
|
Kumar Mangalam Birla |
|
10 |
|
Neeraj Birla |
|
10 |
|
Aditya Birla Capital Limited jointly with Shriram Jagetiya |
|
12 |
|
Aditya Birla Capital Limited jointly with Sushil Agrawal |
|
26 |
|
Aditya Birla Capital Limited jointly with Rajesh Shah |
|
32 |
|
Total |
|
18000000 |
AS ON 23.06.2017
|
Equity Share
Break up |
Percentage |
|
Category |
|
|
Promoters - Individual/Hindu Undivided Family – Indian |
0.00011111 |
|
Promoters - Bodies corporate |
99.99988889 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Providing financial and insurance services. [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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||||
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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 denied by the management |
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Bankers : |
|
|
Auditors : |
|
|
Name : |
Haribhakti and Company LLP Chartered Accountants |
|
Address : |
705, Leela Business Park, Andheri Kurla Road, Andheri (East) Mumbai – 400059, Maharashtra, India |
|
PAN No.: |
AAAFH2010F |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Holding Company : |
CIN No: U67120GJ2007PLC058890
CIN No: U67120GJ2007PTC058890 |
|
|
|
|
Ultimate Holding
Company : |
Aditya Birla Nuvo Limited, India CIN No: L17199GJ1956PLC001107 |
|
|
|
|
Subsidiary
Companies : |
|
|
|
|
|
Fellow Subsidiary
Companies : |
CIN No: U61190GJ1997PLC062406
CIN No: U99999MH2000PLC128110
CIN No: U93000MH2008PLC186669
CIN No: U65999MH2008PLC183695
CIN No: U65990GJ1991PLC064603
CIN No: U67200GJ2001PLC062240
CIN No: U66000MH2015PLC263677
CIN No: U65922GJ2009PLC083779 |
|
|
|
|
Others : |
Sun Life (India) AMC Investments Inc., Canada |
CAPITAL STRUCTURE
AS ON 23.06.2017
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 |
|
|
|
|
|
|
18000000 |
Equity Shares |
INR 10/- each |
INR 180.000 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
INR Million]
ABRIDGED
BALANCE SHEET (STANDALONE)
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
180.000 |
180.000 |
180.000 |
|
(b) Reserves and Surplus |
9730.777 |
8121.609 |
6026.668 |
|
(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) |
9910.777 |
8301.609 |
6206.668 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long-term
liabilities |
12.727 |
8.871 |
10.215 |
|
(d) long-term
provisions |
512.565 |
450.645 |
188.800 |
|
Total Non-current
Liabilities (3) |
525.292 |
459.516 |
199.015 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade
payables |
470.050 |
298.804 |
187.376 |
|
(c) Other
current liabilities |
933.290 |
338.556 |
360.189 |
|
(d) Short-term
provisions |
597.903 |
471.913 |
400.028 |
|
Total Current
Liabilities (4) |
2001.243 |
1109.273 |
947.593 |
|
|
|
|
|
|
TOTAL |
12437.312 |
9870.398 |
7353.276 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
111.876 |
86.207 |
70.685 |
|
(ii)
Intangible Assets |
50.871 |
40.692 |
81.868 |
|
(iii) Tangible assets
capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
18.902 |
10.364 |
0.000 |
|
(b) Non-current Investments |
3077.281 |
2472.115 |
1869.612 |
|
(c) Deferred tax assets (net) |
264.833 |
220.555 |
58.604 |
|
(d)
Long-term loans and advances |
713.249 |
737.536 |
1042.568 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
4237.012 |
3567.469 |
3123.337 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
6671.951 |
4829.735 |
3044.922 |
|
(b)
Inventories |
0.000 |
0.000 |
0.000 |
|
(c) Trade
receivables |
402.679 |
150.754 |
124.042 |
|
(d) Cash and
bank balances |
141.880 |
96.410 |
92.482 |
|
(e) Short-term
loans and advances |
894.045 |
1049.403 |
875.165 |
|
(f) Other
current assets |
89.745 |
176.627 |
93.328 |
|
Total
Current Assets |
8200.300 |
6302.929 |
4229.939 |
|
|
|
|
|
|
TOTAL |
12437.312 |
9870.398 |
7353.276 |
PROFIT
& LOSS ACCOUNT (STANDALONE)
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
9383.566 |
7416.409 |
5743.546 |
|
|
Other Income |
499.222 |
149.052 |
363.472 |
|
|
TOTAL |
9882.788 |
7565.461 |
6107.018 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Employee benefit expense |
1817.251 |
1597.976 |
1365.880 |
|
|
CSR expenditure |
40.949 |
15.097 |
0.000 |
|
|
Other expenses |
4601.141 |
2663.811 |
2791.801 |
|
|
TOTAL |
6459.341 |
4276.884 |
4157.681 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
3423.447 |
3288.577 |
1949.337 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
3423.447 |
3288.577 |
1949.337 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
75.442 |
86.413 |
104.385 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
3348.005 |
3202.164 |
1844.952 |
|
|
|
|
|
|
|
Less |
TAX |
1137.001 |
1107.223 |
581.560 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
2211.004 |
2094.941 |
1263.392 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
107.269 |
116.401 |
98.722 |
|
|
TOTAL EARNINGS |
107.269 |
116.401 |
98.722 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
122.83 |
116.39 |
70.19 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
3747.470 |
3555.601 |
1496.100 |
|
Net cash flows from (used in) operating activities |
2765.356 |
2305.790 |
917.472 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365) |
15.66 |
7.42 |
7.88 |
|
|
|
|
|
|
Account Receivables Turnover (Income /
Sunday Debtors) |
23.30 |
49.20 |
46.30 |
|
|
|
|
|
|
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) |
18.85 |
23.96 |
12.78 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.16 |
0.11 |
0.13 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.20 |
0.13 |
0.15 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.02 |
0.02 |
0.02 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
0.00 |
0.00 |
0.00 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin [(PAT
/ Sales) * 100] |
% |
23.56 |
28.25 |
22.00 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
17.78 |
21.22 |
17.18 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
22.31 |
25.24 |
20.36 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
4.10 |
5.68 |
4.46 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
4.10 |
5.68 |
4.46 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.80 |
0.84 |
0.84 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
4.10 |
5.68 |
4.46 |
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 |
180.000 |
180.000 |
180.000 |
|
Reserves & Surplus |
6026.668 |
8121.609 |
9730.777 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
6206.668 |
8301.609 |
9910.777 |
|
|
|
|
|
|
Long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
0.000 |
0.000 |
0.000 |
|
Debt/Equity
ratio |
0.000 |
0.000 |
0.000 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Sales |
5743.546 |
7416.409 |
9383.566 |
|
|
|
29.126 |
26.524 |
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 |
5743.546 |
7416.409 |
9383.566 |
|
Profit/ (Loss) |
1263.392 |
2094.941 |
2211.004 |
|
|
22.00% |
28.25% |
23.56% |
ABRIDGED
BALANCE SHEET (CONSOLIDATED)
|
SOURCES OF FUNDS |
|
31.03.2017 |
31.03.2016 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
180.000 |
180.000 |
|
(b) Reserves and Surplus |
|
9235.524 |
7613.887 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
|
0.000 |
0.000 |
|
Total Shareholders’
Funds (1) + (2) |
|
9415.524 |
7793.887 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long-term
liabilities |
|
13.775 |
9.535 |
|
(d) long-term
provisions |
|
515.127 |
450.645 |
|
Total Non-current
Liabilities (3) |
|
528.902 |
460.180 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
|
0.000 |
0.000 |
|
(b) Trade
payables |
|
463.668 |
309.631 |
|
(c) Other
current liabilities |
|
933.290 |
338.556 |
|
(d) Short-term
provisions |
|
656.586 |
531.552 |
|
Total Current
Liabilities (4) |
|
2053.544 |
1179.739 |
|
|
|
|
|
|
TOTAL |
|
11997.970 |
9433.806 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
114.565 |
91.296 |
|
(ii)
Intangible Assets |
|
51.413 |
40.744 |
|
(iii) Tangible assets
capital work-in-progress |
|
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
|
18.902 |
10.364 |
|
(b) Non-current Investments |
|
2334.783 |
1811.973 |
|
(c) Deferred tax assets (net) |
|
264.833 |
220.555 |
|
(d)
Long-term loans and advances |
|
715.955 |
740.346 |
|
(e) Other Non-current
assets |
|
0.000 |
0.000 |
|
Total Non-Current
Assets |
|
3500.451 |
2915.278 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
6671.951 |
4829.735 |
|
(b)
Inventories |
|
0.000 |
0.000 |
|
(c) Trade
receivables |
|
568.145 |
193.743 |
|
(d) Cash and
bank balances |
|
259.137 |
258.398 |
|
(e)
Short-term loans and advances |
|
908.542 |
1060.025 |
|
(f) Other
current assets |
|
89.744 |
176.627 |
|
Total
Current Assets |
|
8497.519 |
6518.528 |
|
|
|
|
|
|
TOTAL |
|
11997.970 |
9433.806 |
PROFIT
& LOSS ACCOUNT (CONSOLIDATED)
|
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
|
9684.908 |
7651.942 |
|
|
Other Income |
|
459.726 |
105.979 |
|
|
TOTAL |
|
10144.634 |
7757.921 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Employee benefit expense |
|
1976.644 |
1736.136 |
|
|
CSR expenditure |
|
40.948 |
15.097 |
|
|
Other expenses |
|
4678.098 |
2781.622 |
|
|
TOTAL |
|
6695.690 |
4532.855 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
|
3448.944 |
3225.066 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
3448.944 |
3225.066 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
|
78.260 |
89.248 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
|
3370.684 |
3135.818 |
|
|
|
|
|
|
|
Less |
TAX |
|
1138.560 |
1108.837 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
|
2232.124 |
2026.981 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
124.01 |
112.61 |
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 |
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 |
INDEX OF CHARGE:
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Amount |
Address |
|
1 |
G58755315 |
100129840 |
Standard Chartered Bank |
29/09/2017 |
2500000.0 |
Crescenzo, C-38/39, G Block, Bandra Kurla Complex, Bandra (East), Mumbai-400051, Maharashtra, India |
CONTINGENT
LIABILITIES:
(INR in million)
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
|
Other money for which company is contingently liable |
45.783 |
103.239 |
|
Total |
45.783 |
103.239 |
FIXED ASSETS:
- Furniture and Fixture
- Office equipment
- Computer
- Vehicles
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 64.37 |
|
|
1 |
INR 89.71 |
|
Euro |
1 |
INR 78.89 |
INFORMATION DETAILS
|
Information
Gathered by : |
SUV |
|
|
|
|
Analysis Done by
: |
PRS |
|
|
|
|
Report Prepared
by : |
BHG |
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.