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3decades

 

MIRA INFORM REPORT

 

 

Report No. :

491787

Report Date :

14.02.2018

 

 

IDENTIFICATION DETAILS

 

Name :

ROLTA INDIA LIMITED

 

 

Registered Office :

Rolta Tower – A, Rolta Technology Park, Rolta Bhavan 22nd Street, MIDC Marot, Andheri (East), Mumbai – 400093, Maharashtra

Tel. No.:

91-22-29266666 / 30876543

 

 

Country :

India

 

 

Financials (as on) :

31.03.2017

 

 

Date of Incorporation :

27.06.1989

 

 

Com. Reg. No.:

11-052384

 

 

Capital Investment / Paid-up Capital :

INR 1642.700 Million

 

 

CIN No.:

[Company Identification No.]

L74999MH1989PLC052384

 

 

IEC No.:

Not Divulged

 

 

TIN No.:

Not Divulged

 

 

GSTIN/UIN :

Not Divulged

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

Not Available

 

 

PAN No.:

[Permanent Account No.]

AAACR6820J

 

 

Legal Form :

A Public Limited Liability Company. The Company’s Shares are Listed on the Stock Exchanges.

 

 

Line of Business :

The Company has organised its business into two business groups (each, a “BG”): Enterprise Geospatial and Engineering Solutions (EGES); and Enterprise IT and Security Solutions (EITS). [Registered Activity]

 

 

No. of Employees :

255 (Approximately)

 

 

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23rd January 2017)

 

MIRA’s Rating :

C

 

Credit Rating

Explanation

Rating Comments

C

Medium High Risk

Business dealings permissible preferably on secured basis

 

Status :

Moderate

 

 

Payment Behaviour :

Slow and delayed

 

 

Litigation :

Exist

 

 

Comments :

Subject was incorporated in the year 1989. It is engaged in providing enterprise geospatial and engineering solutions and systems integration and enterprise IT solutions.

 

For the financial year 2017, the company has reported dip in its revenue by 20.48% as compared to the previous year but has managed to maintain an average profit margin of 7.25%.

 

The overall financial risk profile of the company seems to be satisfactory marked by comfortable networth base.

 

Rating is however, constrained by subject’s delays in debt servicing.

 

Payments seems to be slow and delayed.

 

In view of aforesaid, dealings are recommended on safe and secured terms. 

 

NOTES:

Any query related to this report can be made on e-mail: infodept@mirainform.com while quoting report number, name and date.

 

EXTERNAL AGENCY RATING

 

Rating Agency Name

India Rating

Rating

Long Term Borrowing = D

Rating Explanation

Lowest-credit-quality and very low prospects of recovery.

Date

24.07.2017

 

 

RBI DEFAULTERS’ LIST STATUS

 

Subject’s name is not enlisted as a defaulter in the publicly available RBI Defaulters’ list.

 

EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS

 

Subject’s name is not enlisted as a defaulter in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of 31-03-2016.

 

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 14.02.2018.

 

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.91-22-29266666/ 30876543)

 

 

LOCATIONS

 

Registered Office / Corporate and Global Headquarters :

Rolta Tower –A, Rolta Technology Park, Rolta Bhavan 22nd Street, MIDC Marot, Andheri (East), Mumbai – 400093, Maharashtra, India

Tel. No.:

91-22-29266666 / 30876543

Fax No.:

91-22- 28365992

E-Mail :

verinder.khashu@rolta.com

Website :

www.rolta.com

 

 

Corporate Office :

21st Floor, Maker Tower F, Cuffe Parade, Mumbai – 400005, Maharashtra, India

Tel. No.:

91-22-22153984

Fax No.:

91-22-22153994

 

 

India Regional Office 1 :

Delhi NCR

Rolta Technology Park, Plot #187, Phase I, UdyogVihar, Gurugram – 122 016, Haryana, India

Tel. No.:

91-124-439 7000

 

 

India Regional Office 2 :

Bangalore
Mittal Towers, ‘C’ Wing, 8th Floor, 47 / 6, M. G. Road, Bangalore – 560 001, Karnataka, India

Tel. No.:

91-80-2558 1614 / 1623

 

 

India Regional Office 3 :

Kolkata
501, Lords, 5th Floor, 7/1, Lord Sinha Road, Kolkata – 700 071 West Bengal, India

Tel. No.:

91-33- 22825756 /7092

 

 

India Regional Office 4 :

Hyderabad
213-216, 2nd Floor, 3 Block, White House, 6-3-1191/1/1, Kundanbagh, Begumpet, Hyderabad – 500 016, Telangana, India

Tel. No.:

91-40-23306806

 

 

India Regional Office 5 :

Guwahati
Kanaklata Path, Bylane1, Bharalupar, House No 5 (2nd Floor), Bhangagarh, Guwahati – 781 005, Assam, India

Tel. No.:

91-40-23306806

 

 

North America Headquarters :

Rolta Center, 5865 North Point Parkway Alpharetta, GA 30022, USA.

Tel. No.:

+1 (678) 942 5000

E-Mail :

 info.na@rolta.com

 

 

European Headquarters :

100 Longwater Avenue, Green Park, Reading RG2 6GP, United Kingdom

Tel. No.:

+44 (0)118 945 0450

E-Mail :

 info.eu@rolta.com

 

 

Middle-East Headquarters:

Office No. 209-211, Building No. 9, P.O. Box 500106 Dubai Internet City, Dubai, United Arab Emirates

Tel. No.:

+971 (4) 391 5212

E-Mail :

 info.me@rolta.com

 

 

Overseas Offices :

Located at:

 

  • Canada
  • Saudi Arabia
  • Netherlands
  • United Kingdom
  • United States of America

 

 

DIRECTORS

 

AS ON 31.03.2017

 

Name :

Mr. Kamal K Singh

Designation :

Managing Director

Address :

141, Maker Tower - A, Cuffe Parade, Mumbai – 400005, Maharashtra, India

Date of Appointment :

01.07.2007

DIN No.:

00260977

 

 

Name :

Mr. Kaiwalya Trivikram Parnaik

Designation :

Managing Director

Address :

1901/1902, 'A' Wing, Lake Primerose, Lake Home, Off. Adi Shankaracharya Marg, Powai, Mumbai – 400076, Maharashtra, India

Date of Appointment :

30.05.2016

DIN No.:

07129253

 

 

Name :

Mr. Rajesh Ramachandran

Designation :

Managing Director

Address :

Flat No. X/903/904, Callalily Xyz, Chs Nahar Amrit Shakti, Chandivali, Andheri (West), Mumbai – 400072, Maharashtra, India

Date of Appointment :

30.05.2016

DIN No.:

07531344

 

 

Name :

Mr. Ramakrishna Prabhu

Designation :

Whole Time Director

Address :

C-301, Ashok Vihar, Off Military Road, Marol, Andheri (East), Mumbai – 400072, Maharashtra, India 

Date of Appointment :

30.05.2016

DIN No.:

01945079

 

Name :

Mr. Kandarp Ratanchand Modi

Designation :

Director

Address :

901, Pushpanjali Apartment, 9th Floor, Off Old Prabhadevi Road, Prabhadevi , Mumbai – 400025, Maharashtra, India

Date of Appointment :

14.11.1989

DIN No.:

00261506

 

Name :

Homai Daruwalla

Designation :

Director

Address :

A-26, 13th Floor, Sterling Apartment, Peddar Road, Mumbai – 400026, Maharashtra, India

Date of Appointment :

15.07.2016

DIN No.:

00365880

 

Name :

Mr. Padam Pal Singh Bhandari

Designation :

Director

Address :

5, Tyag Raj Marg, New Delhi – 110011, India

Date of Appointment :

15.07.2016

DIN No.:

02082258

 

Name :

Mr. Ramnath Pradeep

Designation :

Director

Address :

102, A-8e, Tulip Bhakti Park, Sector-2, Chsl, Anik Wadala Link Road, Wadala (East), Mumbai – 400037, Maharashtra, India

Date of Appointment :

17.06.2016

DIN No.:

02608230

 

 

KEY EXECUTIVES

 

Name :

Mr. VLL Ganesh

Designation :

Chief Financial Officer

Address :

905, Marathon Galaxy- II, L. B. S. Marg, Mulund (West), Mumbai – 400080, Maharashtra, India

Date of Appointment :

04.07.2017

PAN No.:

ABBPL2198J

 

 

Name :

Mr. Verinder Khashu

Designation :

Company Secretary

Address :

78, Gyan Khand-4, Indirapuram, Ghaziabad – 201010, Uttar Pradesh, India

Date of Appointment :

12.02.2013

PAN No.:

AAJPK3710G

 

 

Global Management Team:
  • Ms. Preetha Pulusani - Preetha Pulusani President - International Operations

 

  • Mr. Reida Elwannas - President - GIS and Mapping, International

 

  • Mr. Shafik Jiwani - EVP - GIS and Mapping, International

 

  • Mr. Nick Colagiovanni - COO, Rolta AdvizeX

 

  • Mr. Laxmidhar V Gaopande Technical Director and CTO - Defence and Security

 

  • Mr. Richard Martin - EVP - Engineering Operational Excellence Solutions,Americas

 

  • Mr. Ravi Pandey - President - Big Data Solutions, International

 

  • Dr. Sohrab R BhotExecutive Director - Big Data Analytics

 

  • Mr. Sudhindra K Shirguppi - SVP - Engineering and GeoSpatial Business

 

  • Mr. C R Howdyshell - President - Rolta AdvizeX

 

  • Brig Ashok Kumar Gakhar (Retd.) - Executive Director - Defence and Security

 

  • Mr. Blane SchertzEVP - PMO, Americas

 

  • Mr. Dale Costantino - SVP - Managed Services Sales, Rolta AdvizeX

 

  • Mr. John Brier - EVP - Services, Rolta AdvizeX

 

  • Mr. V L Ganesh - CFO and Chief Compliance Officer

 

  • Mr. Anindya Chatterje - eVP, Solution Engineering - Big Data Analytics

 

  • Mr. Rajbir Singh Rathi - VP - Defence and Security

 

  • Mr. Vinay K Sawarkar - SVP - Human Resources

 

  • Mr. Mike Armbrust - VP and GM - Midmarket Midwest, Rolta AdvizeX

 

  • Mr. Sushil D Kulkarni - VP - EIS Solution Delivery

 

  • Mr. Rajendra K Varma - SVP - Administration and Infra. Support

 

  • Mr. Dave Gibbons - VP and GM - Ohio Valley, Rolta AdvizeX

 

  • Mr. Rupam K Vakil - VP - EIS Sales

 

  • Mr. Patrick Fettuccia - SVP - Partner Management, Rolta AdvizeX

 

  • Mr. Matt Gaudio 

 

  • Mr. Ravindra N Kondekar - VP - Products, Defence Solution

 

  • Mr. Joseph Ung - SVP - IP Solutions Sales, Americas

 

  • Mr. Sanjay Bellara - VP, Product Development - Big Data Analytics

 

  • Mr. Matt Garito - VP - Finance, Rolta AdvizeX

 

  • Mr. Shailesh Tekurkar - SVP - Sales, Big Data Solutions, Europe

 

  • Mr. Steve Kucker - VP - GM East Region, Rolta AdvizeX

 

  • Mr. Sateesh Dasari - VP - Quality and Release Engineering

 

  • Mr. Dave Crean - VP - GM Upstate NY, Rolta AdvizeX

 

  • Mr. Tariq Farooqui - VP - Sales and Marketing

 

  • Mr. Kamalesh Raval - VP - Finance and Controller, North America

 

  • Mr. Don AubertVP - Business Management, Rolta AdvizeX

 

  • Mr. Mathew Joseph - VP - Big Data Solutions Sales, Middle East and Africa

 

  • Mr. Ganesan Ramamoorthy - VP - Sales, UAE, Qatar and Kuwait

 

  • Mr. Pramod Garg - VP - Finance, Europe

 

  • Mr. Rajesh Garg - CIO and VP - Enterprise Application and IT Transformation

 

  • Mr. John Jeffrey Kuran - Sr ED - Enterprise Opportunities, EMEA

 

  • Maj Gen Bhadran R Parameswaran (Retd) - VP - Defence and Security

 

  • Mr. Umesh Kumar Panthula - Sr. Divisional Director - Business Development and Sales

 

  • Mr. Sunil Dubey - Divisional Director, Sales (North and East) -Defence and Security

 

  • Mr. Dineshkumar Kapadia - Sr. Divisional Director - Accounts and Taxation

 

  • Mr. Sunil Mone - Sr. Divisional Director, Customer Support andOrder Execution - Defence and Security

 

  • Mr. Akhil A Bavisi -  Divisional Diretor, Product Development -Defence and Security

 

  • Mr. Rafiq Rajpuriya - Divisional Director - Geospatial Projects

 

  • Maj Gen A K Srivastava (Retd) - Sr. Divisional Director, Business Development -Defence and Security

 

  • Mr. Abdullah Albalushi - General Manager – Oman

 

  • Mr. Selvapandian Thiruvengadam - Divisional Director - Geospatial Projects

 

  • Mr. Mukund G SaligramaSr. Divisional Director, Sales - Defence and Security

 

  • Mr. Khalid AL Harbi - General Manager - Saudi Arabia and Bahrain

 

  • Mr. Nirmalya Mukherjee - Divisional Director - Analytics Solution Delivery

 

  • Mr. Verinder KhashuCompany -  Secretary

 

  • Mr. Jigar Suresh ThakkarDivisional Director - Accounts and Audit

 

·          Mr. Sushil S KulkarniSr. -  Divisional Director - Analytics Solution Delivery

 

 

SHAREHOLDING PATTERN

 

AS ON December 2017

 

 Category of shareholder

Total nos. shares held

Shareholding as a % of total no. of shares (calculated as per SCRR, 1957) As a %

(A) Promoter & Promoter Group

83299395

50.53

(B) Public

81561967

49.47

Grand Total

164861362

100.00

 

 

 

STATEMENT SHOWING SHAREHOLDING PATTERN OF THE PROMOTER AND PROMOTER GROUP

 

Category of shareholder

Total Nos. shares held

Shareholding as a % of total no. of shares (calculated as per SCRR 1957) As a %

A1) Indian

 

Individuals/Hindu undivided Family

2518389

1.53

KAMAL K SINGH A/C AIFC

863881

0.52

KAMAL K SINGH A/C SINGH FAMILY FOUNDATION

600000

0.36

APARNA S TODI A/C TRUSTEE AND BENEFICIARY OF SINGH FAMILY FOUNDATION

500290

0.30

SHIVANI R MITTAL A/C TRUSTEE AND BENEFICIARY OF SINGH FAMILY FOUNDATION

500290

0.30

ARUNA K SINGH - MANAGING TRUSTEE OF SINGH FAMILY FOUNDATION

50000

0.03

ADITYA K SINGH A/C TRUSTEE AND BENEFICIARY OF SINGH FAMILY FOUNDATION

3928

0.00

Any Other (specify)

80781006

49.00

ROLTA PRIVATE LIMITED

40636606

24.65

ROLTA SHARES AND STOCKS PRIVATE LIMITED

39342400

23.86

ROLTA PROPERTIES PRIVATE LIMITED

401000

0.24

ROLTA RESOURCES PRIVATE LIMITED

401000

0.24

Sub Total A1

83299395

50.53

A2) Foreign

 

A=A1+A2

83299395

50.53

 

 

STATEMENT SHOWING SHAREHOLDING PATTERN OF THE PUBLIC SHAREHOLDER

 

Category & Name of the Shareholders

Total No. shares held

Shareholding % calculated as per SCRR 1957 As a %

B1) Institutions

 

Mutual Funds/

800

0.00

Foreign Portfolio Investors

10816543

6.56

FIDELITY PURITAN TRUST - FIDELITY LOW PRICED STOCK FUND

2699942

1.64

VANGUARD EMERGING MARKETS STOCK INDEX FUND, A SERIES OF VANGUARD INTERNATIONAL EQUITY INDEX FUND

2063604

1.25

Financial Institutions/ Banks

463721

0.28

Insurance Companies

3908242

2.37

Life Insurance Corporation of India

3908242

2.37

Sub Total B1

15189306

9.21

B2) Central Government/ State Government(s)/ President of India

0.00

Central Government/ State Government(s)/ President of India

709749

0.43

Sub Total B2

709749

0.43

B3) Non-Institutions

0.00

Individual share capital upto INR 0.200 Million

46073065

27.95

Individual share capital in excess of INR 0.200 Million

6091434

3.69

Any Other (specify)

13498413

8.19

Trusts

2020

0.00

Foreign Individuals

56250

0.03

HUF

2490960

1.51

NRI – Non- Repat

646885

0.39

NRI – Repat

1244811

0.76

Clearing Members

2380437

1.44

Bodies Corporate

6677050

4.05

Sub Total B3

65662912

39.83

B=B1+B2+B3

81561967

49.47

 

 

BUSINESS DETAILS

 

Line of Business :

The Company has organised its business into two business groups (each, a “BG”): Enterprise Geospatial and Engineering Solutions (EGES); and Enterprise IT and Security Solutions (EITS). [Registered Activity]

 

 

Products / Services :

NIC Code

Name and Description of main products / services

998314

Enterprise Geospatial & Engineering Solutions (EGES)

998316

System Integration & Enterprise IT Solutions (EITS)

 

 

Brand Names :

Not Divulged

 

 

Agencies Held :

Not Divulged

 

 

Exports :

Not Divulged

 

 

Imports :

Not Divulged

 

 

Terms :

Not Divulged

 

PRODUCTION STATUS – NOT AVAILABLE

 

 

GENERAL INFORMATION

 

Suppliers :

Reference :

Not Divulged 

Name of the Person :

--

Contact No.:

--

Since How Long Known :

--

Experience :

--

Maximum Limit Dealt :

--

Remark :

--

 

 

Customers :

Reference :

Not Divulged 

Name of the Person :

--

Contact No.:

--

Since How Long Known :

--

Experience :

--

Maximum Limit Dealt :

--

Remark :

--

 

 

No. of Employees :

255 (Approximately)

 

 

Bankers :

Banker Name :

Vijaya Bank

Branch :

Corporate Banking Branch II, Maker Chembers IV, 222, Nariman Point, Mumbai  -110024, Maharashtra, India

Person Name (With Designation) :

--

Contact Number :

--

Name of Account Holder :

--

Account Number :

--

Account Since (Date/Year of Account Opening) :

--

Average Balance Maintained :

--

Credit Facilities Enjoyed (CC/OD/Term Loan) :

--

Account Operation :

--

Remark :

--

 

  • Bank of India, Mumbai Large Corporate Branch, Bank of India Bldg. 4th Floor, 70-80, M G Road, Fort, Mumbai – 400051, Maharashtra, India
  • Union Bank of India
  • Bank of Baroda
  • Central Bank of India

 

 

Facilities :

SECURED LOANS

31.03.2017

INR In Million

31.03.2016

INR In Million

LONG TERM BORROWINGS

 

 

External Commercial Borrowings (ECB) from banks

791.000

4994.900

Rupee Term Loans

6000.000

0.000

SHORT TERM BORROWINGS

 

 

Working Capital Borrowings from Banks

4379.400

4182.100

Total

11170.400

9177.000

 

 

 

 

Solicitors and Legal Advisors:

 

Name :

Shardul Amarchand Mangaldas and Company

Chartered Accountants

 

 

Name :

Trilegal Kanga and Company

Chartered Accountants

 

 

Statutory auditors:

 

Name :

N. M. Raiji and Company

Chartered Accountants

 

 

Memberships :

Not Available

 

 

Collaborators :

Not Available

 

 

Subsidiaries :
  • Rolta International Inc. United States of America
  • Rolta Americas LLC
  • Rolta UK Limited
  • Rolta Benelux BV
  • Rolta Middle East FZ- LLC
  • Rolta Saudi Arabia Limited
  • Rolta Canada Ontario Limited
  • Rolta Advizex Technologies LLC
  • Rolta Global BV
  • Rolta Thales Limited
  • Rolta BI and Big Data Analytics Private Limited (formerly Rolta Optronics and Communication Private Limited)
  • Rolta Muscat LLC
  • Rolta Asia Pacific Pty Limited.
  • Rolta LLC
  • Rolta Hungary KFT
  • Rolta Defence Technology Systems Private Limited.

 

 

Enterprises over which significant influence exercised by Key Management Personnel / Directors:
  • Rolta Private Limited
  • Rolta Holding and Finance Corporation Private Limited
  • Sunsolar Renewable Energy Private Limited (Previously Rolta Power Private Limited)
  • Rolta Foundation

 

 

CAPITAL STRUCTURE

 

AS ON 23.09.2017

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

250000000

Equity Shares

INR 10/- each

INR 2500.000 Million

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

164861362

Equity Shares

INR 10/- each

INR 1648.614 Million

 

 

 

 

 

 

AS ON 31.03.2017

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

250000000

Equity Shares

INR 10/- each

INR 2500.000 Million

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

164271362

Equity Shares

INR 10/- each

INR 1642.700 Million

 

 

 

 

 

 

Reconciliation of the number of shares

 

Equity Shares

Number of Shares

Amount

Balance at the beginning of the year

162704096

1627.000

Add : Issued on Account of ESOP

1567266

15.700

Balance at the end of the year

164271362

1642.700

 

 

Rights, Preferences and Restrictions attached to Shares the Company has one class of equity shares, having a par value of INR 10/- each. Each shareholder is eligible for dividend and one vote per share held. In the event of liquidation, the equity shareholders are eligible to receive the remaining assets of the Company, in proportion to their shareholding, after distribution of all preferential amounts.

 

No Bonus Shares have been issued to the shareholders during the last five years.

 

Shareholders holding more than 5% of the shares

 

Particulars

As at 31st March 2017

 

No. of Shares

%

Rolta Private Limited

46136606

28.09

Rolta Shares and Stocks Private Limited

33840200

20.60

 

 

As per the records of the Company, including its register of shareholders, members and other declarations received from shareholders regarding beneficial interest, the above shareholding represents both legal and beneficial ownership of shares. The holding of Rolta Shares and Stocks Private Limited. Also consists of shares of the Company received on loan from Rolta Private Limited.

 

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

1642.700

1627.000

1613.300

(b) Reserves & Surplus

37414.900

36366.100

35927.700

(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)

39057.600

37993.100

37541.000

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

6791.000

4994.900

8180.000

(b) Deferred tax liabilities (Net)

3736.600

3738.800

461.300

(c) Other long term liabilities

15793.700

16659.600

16821.200

(d) long-term provisions

97.900

114.500

159.800

Total Non-current Liabilities (3)

26419.200

25507.800

25622.300

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

4379.400

4182.100

255.600

(b) Trade payables

2339.900

1934.000

1568.200

(c) Other current liabilities

12387.700

7735.300

3638.700

(d) Short-term provisions

41.700

43.900

643.200

Total Current Liabilities (4)

19148.700

13895.300

6105.700

 

 

 

 

TOTAL

84625.500

77396.200

69269.000

 

 

 

 

II.          ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

31213.000

31162.600

43504.800

(ii) Intangible Assets

10.000

14.500

4207.400

(iii) Capital work-in-progress

5.400

5.400

966.600

(iv) Intangible assets under development

0.000

0.000

0.000

(b) Non-current Investments

2484.100

2243.400

2082.600

(c) Deferred tax assets (net)

0.000

0.000

0.000

(d)  Long-term Loan and Advances

0.000

0.000

671.000

(e) Other Non-current assets

21144.900

20906.900

556.600

Total Non-Current Assets

54857.400

54332.800

51989.000

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

1.800

(b) Inventories

0.000

0.000

0.000

(c) Trade receivables

11399.900

16879.600

9514.400

(d) Cash and cash equivalents

931.400

996.400

3730.800

(e) Short-term loans and advances

0.000

0.000

201.300

(f) Other current assets

17436.800

5187.400

3831.700

Total Current Assets

29768.100

23063.400

17280.000

 

 

 

 

TOTAL

84625.500

77396.200

69269.000

 

 

PROFIT & LOSS ACCOUNT [STANDALONE]

 

 

PARTICULARS

31.03.2017

31.03.2016

31.03.2015

 

SALES

 

 

 

 

Income

14549.100

18297.100

18715.000

 

Other Income

135.200

473.500

174.200

 

TOTAL

14684.300

18770.600

18889.200

 

 

 

 

 

Less

EXPENSES

 

 

 

 

Cost of Materials & Technical Subcontractors

3742.000

1414.800

1034.600

 

Employees benefits expense

1377.300

2163.400

2430.600

 

Other expenses

743.700

1421.700

1814.600

 

Exchange Difference (Gain) / Loss

(113.400)

789.600

0.000

 

Exceptional items

5368.400

6535.600

(1341.0000

 

TOTAL

11118.000

12325.100

3938.800

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION

3566.300

6445.500

14950.400

 

 

 

 

 

Less

FINANCIAL EXPENSES

1559.900

971.600

1332.000

 

 

 

 

 

 

PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION

2006.400

5473.900

13618.400

 

 

 

 

 

Less

DEPRECIATION/ AMORTISATION

950.100

4710.900

6142.600

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX

1056.300

763.000

7475.800

 

 

 

 

 

Less

TAX

1.400

(483.000)

310.600

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX 

1054.900

1246.000

7165.200

 

 

 

 

 

 

Earnings / (Loss) Per Share (INR)

 

 

 

Basic

39.35

48.16

36.10

 

Diluted

38.60

46.53

34.58

 

 

 

 

 

Basic

6.46

7.71

44.41

 

Diluted

6.34

7.45

42.54

 

 

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

 

Particulars

 

31.03.2017

31.03.2016

31.03.2015

Current Maturities of Long term debt

7433.700

5996.500

NA

Cash generated from operations

(544.100)

2843.600

20230.500

Net cash flow from operating activities

(646.500)

2697.500

20194.600

 

 

QUARTERLY RESULTS

 

Particulars

 

 

30.06.2017

(Unaudited)

30.09.2017

(Unaudited)

 

 

1st Quarter

2nd Quarter

Net sales

 

3867.100

4221.800

Total Expenditure

 

1646.400

2235.800

PBIDT (Excluding Other Income)

 

2220.700

1986.000

Other income

 

24.500

20.800

Operating Profit

 

2245.200

2006.800

Interest

 

508.600

515.900

Exceptional Items

 

(680.000)

(680.000)

PBDT

 

1056.600

810.900

Depreciation

 

248.300

247.400

Profit Before Tax

 

808.300

563.500

Tax

 

183.800

155.600

Provisions and contingencies

 

NA

NA

Profit after tax

 

624.500

407.900

Extraordinary Items

 

NA

NA

Prior Period Expenses

 

NA

NA

Other Adjustments

 

NA

NA

Net Profit

 

624.500

407.900

 

 

KEY RATIOS

 

EFFICIENCY RATIOS

 

PARTICULARS

 

31.03.2017

31.03.2016

31.03.2015

Average Collection Days

(Sundry Debtors / Income * 365 Days)

285.99

336.72

185.56

 

 

 

 

Account Receivables Turnover

(Income / Sundry Debtors)

1.28

1.08

1.97

 

 

 

 

Average Payment Days

(Sundry Creditors / Purchases * 365 Days)

228.24

498.95

553.25

 

 

 

 

Asset Turnover

(Operating Income / Net Fixed Assets)

0.11

0.21

0.31

 

LEVERAGE RATIOS

 

PARTICULARS

 

31.03.2017

31.03.2016

31.03.2015

Debt Ratio

((Borrowing + Current Liabilities) / Total Assets)

0.39

0.32

0.21

 

 

 

 

Debt Equity Ratio

(Total Liability / Networth)

0.48

0.40

0.22

 

 

 

 

Current Liabilities to Networth

(Current Liabilities / Net Worth)

0.49

0.37

0.16

 

 

 

 

Fixed Assets to Networth

(Net Fixed Assets / Networth)

0.80

0.82

1.30

 

 

 

 

Interest Coverage Ratio

(PBIT / Financial Charges)

2.29

6.63

11.22

 

PROFITABILITY RATIOS

 

PARTICULARS

 

 

31.03.2017

31.03.2016

31.03.2015

PAT to Sales

((PAT / Sales) * 100)

%

7.25

6.81

38.29

 

 

 

 

 

Return on Total Assets

((PAT / Total Assets) * 100)

%

1.25

1.61

10.34

 

 

 

 

 

Return on Investment (ROI)

((PAT / Networth) * 100)

%

2.70

3.28

19.09

 

SOLVENCY RATIOS

 

PARTICULARS

 

31.03.2017

31.03.2016

31.03.2015

Current Ratio

(Current Assets / Current Liabilities)

1.55

1.66

2.83

 

 

 

 

Quick Ratio

((Current Assets – Inventories) / Current Liabilities)

1.55

1.66

2.83

 

 

 

 

G-Score Ratio Financial

(Networth / Total Assets)

0.46

0.49

0.54

 

 

 

 

G-Score Ratio Debt

(Debts / Equity Capital)

11.33

9.33

5.23

 

 

 

 

G-Score Ratio Liquidity

(Total Current Assets / Total Current Liabilities)

1.55

1.66

2.83

Total Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term debts

 

 

STOCK PRICES

 

Face Value

INR 10.00/-

Market Value

INR 16.75/-

 

 

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

1613.300

1627.000

1642.700

Reserves & Surplus

35927.700

36366.100

37414.900

Net worth

37541.000

37993.100

39057.600

 

 

 

 

Long-Term Borrowings

8180.000

4994.900

6791.000

Short Term Borrowings

255.600

4182.100

4379.400

Total borrowings

8435.600

9177.000

11170.400

Debt/Equity ratio

0.225

0.242

0.286

 

 

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

18715.000

18297.100

14549.100

 

 

(2.233)

(20.484)

 

 

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

18715.000

18297.100

14549.100

Profit

7165.200

1246.000

1054.900

 

38.29%

6.81%

7.25%

 

 

 

LEGAL CASE

 

Case Details

 

Bench:-Bombay

 

Presentation Date:-

27/06/2017

Lodging No.:-

ITXAL/1530/2017

Filing Date:-

27/06/2017

Reg. No.:-

ITXA/233/2018

Reg. Date:-

19/01/2018

 

 

 

Petitioner:-

Pr. Commissioner of income-tax central-1

Respondent:-

m/s rolta limited

 

 

 

Petn.Adv.:-

Suresh kumar (I2100)

 

 

District:-

MUMBAI

 

 

Bench:-

DIVISION

Status:-

Pre-Admission

Category:-

TAX APPEALS

 

Last Date:-

05/02/2018

Stage:-

FOR REJECTION [ORIGINAL SIDE MATTERS]

 

Last Coram:-

ACCORDING TO SITTING LIST

 

ACCORDING TO SITTING LIST

 

 

Act :-

Income Tax Act, 1961

Under Section:-

260A

 

 

 

ABRIDGED BALANCE SHEET [CONSOLIDATED]

 

SOURCES OF FUNDS

 

31.03.2017

31.03.2016

 

 

 

 

I.              EQUITY AND LIABILITIES

 

 

 

(1)Shareholders' Funds

 

 

 

(a) Share Capital

 

1642.700

1627.000

(b) Reserves & Surplus

 

24203.600

21444.800

(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)

 

25846.300

23071.800

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

 

50178.900

49683.600

(b) Deferred tax liabilities (Net)

 

3905.400

3877.900

(c) Other long term liabilities

 

0.000

0.000

(d) long-term provisions

 

171.600

166.000

Total Non-current Liabilities (3)

 

54255.900

53727.500

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

 

4857.900

4446.700

(b) Trade payables

 

2854.500

3039.800

(c) Other current liabilities

 

14415.100

9371.900

(d) Short-term provisions

 

55.400

43.900

Total Current Liabilities (4)

 

22182.900

16902.300

 

 

 

 

TOTAL

 

102285.100

93701.600

 

 

 

 

II.          ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

 

31792.900

31904.600

(ii) Intangible Assets

 

26349.100

27803.300

(iii) Capital work-in-progress

 

5.400

5.400

(iv) Goodwill on consolidation

 

4815.200

4938.600

(b) Non-current Investments

 

0.000

0.000

(c) Deferred tax assets (net)

 

5155.500

0.000

(d)  Long-term Loan and Advances

 

0.000

0.000

(e) Other Non-current assets

 

911.200

1141.700

Total Non-Current Assets

 

69029.300

65793.600

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

 

0.000

0.000

(b) Inventories

 

0.000

0.000

(c) Trade receivables

 

13475.900

19597.600

(d) Cash and cash equivalents

 

2121.000

2255.100

(e) Short-term loans and advances

 

0.000

0.000

(f) Other current assets

 

17658.900

6055.300

Total Current Assets

 

33255.800

27908.000

 

 

 

 

TOTAL

 

102285.100

93701.600

 

 

PROFIT & LOSS ACCOUNT [CONSOLIDATED]

 

 

PARTICULARS

 

31.03.2017

31.03.2016

 

SALES

 

 

 

 

Income

 

31798.800

37995.900

 

Other Income

 

436.800

382.100

 

TOTAL

 

32235.600

38378.000

 

 

 

 

 

Less

EXPENSES

 

 

 

 

Cost of Materials Consumed

 

13296.100

15193.900

 

Employees benefits expense

 

7039.600

7925.400

 

Other expenses

 

1916.600

2851.700

 

Exchange Difference (Gain) / Loss

 

(53.400)

741.000

 

Exceptional items

 

5368.400

0.000

 

TOTAL

 

27567.300

26712.000

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION

 

4668.300

11666.000

 

 

 

 

 

Less

FINANCIAL EXPENSES

 

5620.800

4780.200

 

 

 

 

 

 

PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION

 

(952.500)

6885.800

 

 

 

 

 

Less

DEPRECIATION/ AMORTISATION

 

2630.900

5427.500

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX

 

(3583.400)

1458.300

 

 

 

 

 

Less

TAX

 

(5250.800)

(379.600)

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX 

 

1667.400

1837.900

 

 

 

 

 

Add

Other Comprehensive Income

 

1092.400

(1819.900)

 

 

 

 

 

 

Total Comprehensive Income for  the year

 

2759.800

18.000

 

 

 

 

 

 

Earnings / (Loss) Per Share (INR)

 

 

 

 

Basic

 

43.10

11.40

 

Diluted

 

42.30

11.00

 

 

 

 

 

 

Basic

 

10.20

11.40

 

Diluted

 

10.10

11.00

 

 

 

 

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

Yes

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

Yes

32

Litigations that the firm/promoter involved in

Yes

33

Market information

--

34

Payments terms

No

35

Negative Reporting by Auditors in the Annual Report

No

 

 

FINANCIAL PERFORMANCE:

 

The Company’s standalone revenue was INR 14549.100 Million for the financial year ended March 31, 2017 as against INR 18297.100 Million for the previous financial year ended March 31, 2016 representing 20.5% decrease. The Profit after tax for the financial year ended March 31, 2017 is INR 1054.900 Million as against INR 1246.000 Million in the previous financial year ended March 31, 2016 after providing for exceptional item of loss on transfer of business amounting to INR 6535.600 Million.

 

Rolta continues to incur significant expenses on a very prestigious and time bound defense project, which required considerable ongoing investment during the current year also. This coupled with certain other cyclical factors have resulted in non-payment of interest coupon on Bonds raised by US Subsidiary Companies. The Company’s financial and legal advisors have initiated discussions with their counterparts representing an ad hoc committee composed of the largest bondholders to discuss potential appropriate solutions to the present situation. The discussions are presently in progress. For further information bond holder may contact at Project Rome Working Team.

 

 

BUSINESS OPERATIONS OVERVIEW AND OUTLOOK

 

Business Overview The world of information technology is changing dramatically with the emergence of disruptive Digital technologies. Businesses today are no longer satisfied by automating business transactions but are looking for Business Outcomes to remain relevant and succeed in the Digital Economy. This revolution is being fueled by technologies such as the Cloud, Mobility, Enterprise / Cyber Security, Internet of Things (IoT) and Big Data Analytics, amongst others. The nexus of these technologies and the pervasive hyper connected networks is responsible for the deluge of digital data and is posing major challenges to organizations. With over 80% of digital data having a locational context, adding a geospatial dimension is vital for deeper insights. Globally, organizations cutting across Industries are increasingly demanding Digital Transformation solutions to remain relevant and succeed in the Digital Economy.

 

Rolta has been charting a course to constantly transform itself to remain relevant in the face of relentlessly changing digital technologies and market needs while remaining focused on core competencies. The Company continues to make investments in developing differentiating intellectual property (IP) targeted to this growing demand for Digital Transformation Solutions. Rolta with its rare combination of deep Geospatial and Engineering expertise combined with its IT prowess and differentiated IP based software packages has established an enviable track record to help its customers on their Digital Transformation in each of the areas it serves.

 

 

MANAGEMENT’S DISCUSSION AND ANALYSIS

 

COMPANY OVERVIEW

 

Subject is an Indian Information Technology (“IT”) company with its corporate headquarters in Mumbai. In addition to its headquarters, the Company operates through a network of close to 25 offices spread across the globe and in India. Additionally, the company has established a 51:49 Joint Venture Company, Rolta Thales Limited with Thales Group of France.

 

Rolta has been charting a course to constantly transform itself to remain relevant in the face of relentlessly changing digital technologies and market needs while still remaining focused on core competencies. The Company has successfully transitioned from Services to a predominantly IP led Solutions organization. Rolta is able to bring together rich solutions powered by our growing portfolio of IP and uniquely combining these with deep vertical specific domain expertise together with decades of Geospatial, Engineering and Enterprise IT experience. Going forward, the Company is expected to greatly benefit from nonlinear growth because of these IP led Solutions.The Company now owns a vast repository of around 250+ software packages powering differentiated Digital Transformation Solutions in the areas of Defence, Smart Cities, Cloud, Enterprise and Cyber Security as well as BI and Big Data Analytics.

 

Enterprises are going digital, with over $30 trillion in market capitalization across 8 key verticals including Energy and Utilities. Businesses need to be hyper connected in the ecosystem and generate real-time insights to remain relevant and succeed in the digital economy. With over 80% of digital data having a locational context, adding a geospatial dimension is vital for deeper insights. Rolta has been successfully leveraging its Geospatial expertise and proven IP in the areas of Smart Cities and e-Governance. Having deployed more than 400 geospatial enabled Smart City projects in leading cities across Canada, North America, Europe, Middle East, and India, Rolta has built deep expertise and a rich proven portfolio of rapidly deployable productized solutions

 

Asset intensive industries have realized the intrinsic value of their digital asset information and are demanding robust Engineering Information Management systems for effective plant management. Rolta’s unique ability to integrate its portfolio of engineering solutions with enterprise- level IT has positioned the Company to address this growing demand. Over last few years Rolta has successfully delivered hundreds of million dollar projects in North America, Middle East, Japan and India. Asset Lifecycle Management solutions are essentially precursors to large digital transformation initiatives which many industries are adopting to address the problems of having accurate, up-to-date data for subsequent deeper analytics.

 

Rolta addresses the full spectrum of Big Data analytics maturity journey from initial advisory, data discovery, enablement of big data landscape, establishing an asset information model (AIM) to secure IoT integration and advanced analytics. Rolta’s unique IP is a vital differentiator in automating several aspects of this journey. Rolta’s flagship enterprise product continues to remain at the leading edge with innovations such as AI, Deep Machine Learning, Data Lake and Predictive Analytics. Rolta OneView™ continues to win industry and analyst accolades as well as gaining global traction

 

The maturity and exceptional value of Rolta’s Products and Solutions are clearly evident from the tremendous traction built by Rolta over the years with more than a 100 BI and Big Data Analytics customers worldwide. This customer base includes several marquee clients who have adopted Rolta’s BI and Big Data Analytics Solution for their Digital Transformation including 11 Fortune 500 companies and 2 Indian Navratnas. What is even more encouraging is that Rolta’s BI and Big Data customers span across all the asset intensive industries served by the company.

 

Customers are increasingly looking for a single vendor capable of designing, delivering, optimizing and subsequently managing their Enterprise wide solutions. Rolta’s focus in the area of Enterprise IT is to deliver end-to-end solutions, whether for sophisticated BI and Big Data Analytics, building specialized Enterprise Applications customized for individual verticals, Mobility or for creating underlying sophisticated Cloud enabled IT Infrastructure

 

Rolta’s wholly-owned subsidiary, Rolta AdvizeX, a global leader in IT solutions and managed services, was recognized by VMWare with the Global Partner Innovation Award as well as Global Professional Services Partner of the Year for Rolta’s Cloud Solutions. Similarly, Rolta AdvizeX received the 2017 Partner Services Quality (PSQ) Award for achieving extraordinary results and commitment to Dell EMC. This marks the seventh year Rolta has received the exclusive recognition.

 

Industry Overview Nasscom’s report strategic review of the IT sector states –“In light of the very disruptive emerging technologies, the industry is re-imagining itself to become the Digital Solutions Partner for the world.” Rolta with its rich IP led solutions targeted at this digital transformation requirement is expected to gain from an early mover advantage.

 

 

STATEMENT OF UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED 2017

(INR in Million)

Particulars

Three Months Ended

Three Months Ended

Year to Date Ended

 

30.09.2017

30.06.2017

30.09.2017

 

[Unaudited]

[Unaudited]

[Unaudited]

INCOME FROM OPERATIONS

 

 

 

Net Sales

4221.800

3867.100

8088.900

Other Operating Income

20.800

24.500

45.300

Total Income from Operations

4242.600

3891.600

8134.200

 

 

 

 

EXPENSES

 

 

 

Cost of materials consumed

1790.700

1190.500

2981.200

Employee benefits expense

223.900

252.200

476.100

Finance Cost

515.900

508.600

1024.500

Depreciation and Amortization expenses

247.400

248.300

1024.500

Other Expenditure

106.900

157.700

264.600

Exchange Difference (Gain) / Loss

114.300

46.000

160.300

Total Expenses

2999.100

2403.300

5931.200

Profit / (Loss) from ordinary activities before Exceptional items

1243.500

1488.300

2731.800

Exceptional items

680.000

680.000

1360.000

Profit / (Loss) before Tax

563.500

808.300

1371.800

Tax Expense

(155.600)

(183.800)

(339.400)

Profit / (Loss) after Tax from continuing operation

407.900

624.500

1032.400

Other Comprehensive Income

(5.200)

(1.400)

(6.600)

Total Comprehensive Income for  the year

402.700

623.100

1025.800

Paid-up Equity Share Capital (Face value INR 10/- per share)

1648.600

1648.600

1648.600

Reserves (excluding Revaluation Reserve)

--

--

--

Earnings per Share (EPS) - INR

 

 

 

Basic

2.50

3.80

6.30

Diluted

2.40

3.70

6.10

 

 

Note:

 

The above results were reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on November 10, 2017.


The Statutory Auditors of the Company have carried out a Limited Review of the financial results for the quarter / year to date period ended September 30, 2017.


Exceptional item represents provision made against an item previously dealt with as a contingent liability where in the opinion of management, it is probable that the outflow of resources will be required to settle the same in due course.

Other Comprehensive Income is not to be considered for the purpose of computation of earning per share as per Ind AS.


Segment information has been presented in the Consolidated financial statements as per Ind AS.


Previous period figures are regrouped/rearranged wherever necessary.



 

STANDALONE STATEMENT OF ASSTES AND LIABILITIES

INR In Million

SOURCES OF FUNDS

 

 

30.09.2017

 

 

 

 

I.              EQUITY AND LIABILITIES

 

 

 

(1)Shareholders' Funds

 

 

 

(a) Share Capital

 

 

1648.600

(b) Reserves & Surplus

 

 

38471.500

(c) Money received against share warrants

 

 

0.000

 

 

 

 

(2) Share Application money pending allotment

 

 

0.000

Total Shareholders’ Funds (1) + (2)

 

 

40120.100

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

 

 

10807.300

(b) Deferred tax liabilities (Net)

 

 

4072.500

(c) Other long term liabilities

 

 

121.500

(d) long-term provisions

 

 

15771.900

Total Non-current Liabilities (3)

 

 

30773.200

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

 

 

4302.400

(b) Trade payables

 

 

3282.300

(c) Other current liabilities

 

 

11968.000

(d) Short-term provisions

 

 

19.900

Total Current Liabilities (4)

 

 

19572.600

 

 

 

 

TOTAL

 

 

90465.900

 

 

 

 

II.          ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

 

 

30754.400

(ii) Intangible Assets

 

 

7.800

(iii) Capital work-in-progress

 

 

0.000

(iv) Goodwill on consolidation

 

 

0.000

(b) Non-current Investments

 

 

2505.300

(c) Deferred tax assets (net)

 

 

0.000

(d)  Long-term Loan and Advances

 

 

0.000

(e) Other Non-current assets

 

 

21084.300

Total Non-Current Assets

 

 

54351.800

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

 

 

0.000

(b) Inventories

 

 

0.000

(c) Trade receivables

 

 

11872.300

(d) Cash and cash equivalents

 

 

889.200

(e) Short-term loans and advances

 

 

0.000

(f) Other current assets

 

 

23352.600

Total Current Assets

 

 

36114.100

 

 

 

 

TOTAL

 

 

90465.900

 

 

INDEX OF CHARGES:

 

SNO

SRN

CHARGE ID

CHARGE HOLDER NAME

DATE OF CREATION

DATE OF MODIFICATION

AMOUNT

ADDRESS

1

G74545534

100149292

VIJAYA BANK

29/12/2017

-

400000000.0

CORPORATE BANKING BRANCH II, MAKER CHEMBERS IV,222, NARIMAN POINT, MUMBAI – 110024, MAHARASHTRA, INDIA

2

G47438932

100107439

BANK OF INDIA

31/03/2017

-

486800000.0

MUMBAI LARGE CORPORATE BRANCHBANK OF INDIA BLDG. 4TH FLOOR, 70-80, M G ROAD, FORT, MUMBAI – 400051, MAHARASHTRA, INDIA

3

G27747567

100062176

UNION BANK OF INDIA

27/10/2016

03/11/2016

6000000000.0

INDUSTRIAL FINANCE BRANCH, 1ST FLOOR, UNION BANK, BHAVAN, 239, VIDHAN BHAVAN MARG, NARIMAN POINT, MUMBAI – 400021, MAHARASHTRA, INDIA

4

C82224023

10626738

CENTRAL BANK OF INDIA

29/02/2016

08/03/2016

3300000000.0

CORPORATE FINANCE BRANCH, M.G. ROAD, FORT, MUMBAI – 400023, MAHARASHTRA, INDIA

5

C61151239

10584801

ICICI BANK LIMITED

31/07/2015

-

384032400.0

LANDMARKRACE COURCE CIRCLE, ALKAPURI, VADODARA – 390015, GUJARAT, INDIA

6

C39670179

10501047

CENTRAL BANK OF INDIA

05/05/2014

24/12/2014

2480000000.0

CORPORATE FINANCE BRANCH, 1ST FLOOR, MMO BUILDING, FORT, MUMBAI – 400023, MAHARASHTRA, INDIA

7

C25747734

10496834

SYNDICATE BANK

05/05/2014

11/09/2014

2480000000.0

NARIMAN POINT BRANCH,227, NARIMAN BHAVAN, GROUND FLOOR, NARIMAN POINT, MUMBAI – 400021, MAHARASHTRA, INDIA

8

G68222579

10494966

UNION BANK OF INDIA

30/04/2014

31/10/2017

3228800000.0

INDUSTRIAL FINANCE BRANCH, UNION BANK BHAVAN, 239, VIDHAN BHAVAN MARG, NARIMAN POINT, MUMBAI – 400093, MAHARASHTRA, INDIA

9

B56764475

10364400

IDBI TRUSTEESHIP SERVICES LIMITED

06/07/2012

17/08/2012

6750000000.0

ASIAN BLDG., GROUND FLOOR, 17, R.KAMANI MARG, BALLARD ESTATE, MUMBAI – 400001, MAHARASHTRA, INDIA

10

G43257153

10195954

UNION BANK OF INDIA

26/12/2009

11/04/2017

7000000000.0

INDUSTRIAL FINANCE BRANCH, 1ST FLOOR, 239, VIDHAN BHAVAN MARG, NARIMAN POINT, MUMBAI – 400021, MAHARASHTRA, INDIA

 

 

CONTINGENT LIABILITIES:

 

(INR in million)

PARTICULARS

31.03.2017

31.03.2016

 

 

 

Guarantees issued by the bankers to customers & third party

66241.000

72252.900

Letters of Credit issued by Bankers

827.900

1173.200

Claims against the company not acknowledged as debt

289.300

0.000

 

 

FIXED ASSETS:

 

Tangible Assets

 

·         Freehold Land

·         Leasehold Land

·         Buildings

·         Computer Systems

·         Vehicles

·         Furniture and Fixture

·         Other equipment

·         Vehicles

 

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 64.13

UK Pound

1

INR 79.39

Euro

1

INR 89.17

 

 

INFORMATION DETAILS

 

Information Gathered by :

SUP

 

 

Analysis Done by :

PRI

 

 

Report Prepared by :

GEET

 

 

SCORE FACTORS

 

DEMERIT POINTS

 

 

--BANK CHARGES

YES/NO

YES

--LITIGATION

YES/NO

YES

--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

YES

--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)

 

 

 

 

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.