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|
MIRA INFORM REPORT
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Report No. : |
492471 |
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Report Date : |
17.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
MOTILAL OSWAL ASSET MANAGEMENT COMPANY LIMITED |
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Registered
Office : |
Motilal Oswal Tower, 10th Floor, Rahimtullah, Sayani Road, Opposite
Parel ST Depot, Prabhadevi, Mumbai – 400025, Maharashtra |
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Tel. No.: |
91-22-39804263 |
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Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of Incorporation
: |
14.11.2008 |
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Com. Reg. No.: |
11-188186 |
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Capital
Investment / Paid-up Capital : |
INR 650.000 Million |
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CIN No.: [Company Identification
No.] |
U67120MH2008PLC188186 |
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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 Divulged |
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PAN No.: [Permanent Account No.] |
AAFCM8463P |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
The Company’s principle activity is to provide, investment management and administrative services to the Schemes of Motilal Oswal Mutual Fund (the Fund), portfolio management services and investment advisory services to offshore funds. (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+ |
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Credit Rating |
Explanation |
Rating Comments |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a part of “Motilal Oswal Group” and it was incorporated in the year 2008. Motilal Oswal Group is one of the leading providers of capital-market-related services. It is a diversified financial services firm offering a range of financial products and services such as Wealth Management, Retail Broking and Distribution, Institutional Broking, Asset Management, Private Equity, Investment Banking, Commodity Broking and Home Finance. As per financials of March 2017, the company has registered growth of 83.98% in its revenue as compared to previous year and has reported good profit margin of 14.63% under review. Rating takes into consideration the company’s satisfactory track record of business operations marked by healthy net worth base along with low solvency indicators due to zero debt balance sheet and good liquidity position. Rating also takes into account the strong parentage along with rich experience of its promoters and strong brand image. Further, the company has reported earnings per share of INR 0.77 against its face value of INR 1. Payments seems to be regular. In view of aforesaid, the company can be considered good for business dealing at normal 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
|
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 17.02.2018
IBBI (Insolvency and Bankruptcy Board of India) LISTING STATUS
Subject’s name is not listed in the publicly
available IBBI (Insolvency and Bankruptcy Board of India) list as of report
date.
INFORMATION DECLINED
Management non-cooperative (Tel No.: 91-22-39804263)
Tel No.:
91-22-30278031 – Not Exist
Tel No.: 91-22-33124950 - Continuously
Ringing
LOCATIONS
|
Registered Office / Corporate Office : |
Motilal Oswal Tower, 10th Floor, Junction of Gokhale Road,
Rahimtullah, Sayani Road, Opposite Parel ST Depot, Prabhadevi, Mumbai –
400025, Maharashtra, India |
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Tel. No.: |
91-22-39804263 |
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Fax No.: |
Not Available |
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E-Mail : |
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Website : |
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Branch Offices : |
Located at: ·
Ahmedabad ·
Bangalore ·
Banjara Hills ·
Vadodara ·
Borivali, Mumbai ·
Fort, Mumbai ·
Mulund, Mumbai · Chandigarh · Cochin · Coimbatore · Lucknow · Ludhiana · Mangalore |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Ashish Pradip Somaiya |
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Designation : |
Managing Director |
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Address : |
Flat No. 2, Ground Floor, Lilian Apartments, 73, Dr. Ambedkar Road, Khar (West), Mumbai – 400052, Maharashtra, India |
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Date of Birth/Age : |
14.03.1976 |
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Qualification: |
Bachelor of Engineering in Polymer Science and Masters in Management Studies in Finance |
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Date of Appointment : |
01.01.2014 |
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PAN No.: |
AUUPS6589A |
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DIN No.: |
06705119 |
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Name : |
Mr. Raamdeo Agarawal |
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Designation : |
Director |
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Address : |
218, Samundra Mahal, Dr. Annie Besant Road, Worli, Mumbai – 400018, Maharashtra,
India |
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Date of Birth/Age : |
01.07.1956 |
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Qualification: |
B.Com, ACA |
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Date of Appointment : |
14.11.2008 |
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PAN No.: |
AABPA1527D |
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DIN No.: |
00024533 |
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Name : |
Mr. Kanu Harisondas Doshi |
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Designation : |
Director |
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Address : |
102, Shivala Building, Khatau Road, Colaba Cuff Parade, Mumbai –
400005, Maharashtra, India |
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Date of Birth/Age : |
13.01.1937 |
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Qualification: |
C.A |
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Date of Appointment : |
08.04.2009 |
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DIN No.: |
00577409 |
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Name : |
Mr. Ashok Jain |
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Designation : |
Director |
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Address : |
1203, Vastu Tower, “A” Wing, Evershine Nagar, Malad (West), Mumbai –
400064, Maharashtra, India |
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Date of Birth/Age : |
21.02.1958 |
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Qualification: |
Bachelor of Engineering in Polymer Science and a Masters in Management Studies in Finance from NMIMS |
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Date of Appointment : |
03.08.2012 |
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DIN No.: |
00025125 |
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Name : |
Mr. Abhaya Prasad Hota |
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Designation : |
Director |
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Address : |
Flat No. 62, Buildindg A-4, Maker Kundan Garden Juhu Tara Road, Santacruz (West), Mumbai-400049, Maharashtra, India |
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Date of Appointment : |
24.10.2017 |
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DIN No.: |
02593219 |
KEY EXECUTIVES
|
Name : |
Mr. Yatin Dhirajlal Dolia |
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Designation : |
Chief Financial Officer |
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Address : |
Building No.2 , Flat No.32,Shefalee Co-operative HSG Society 62, Phirozshah Road, Santacruz (West), Mumbai-400054, Maharashtra, India |
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Date of Appointment : |
24.10.2017 |
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PAN No.: |
AESPD1691J |
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Name : |
Ms. Aparna Dattatraya Karmase |
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Designation : |
Company Secretary |
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Address : |
Flat No. 404, 4th Floor, A Wing, Aishwarya CSHL S V P Nagar Road, Four Bungalow, Andheri (West), Mumbai-400053, Maharashtra, India |
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Date of Appointment : |
25.01.2017 |
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PAN No.: |
ANPPK3801K |
MAJOR SHAREHOLDERS
As on 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Motilal Oswal Securities Limited |
|
649999940 |
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Motilal Oswal Securities Limited jointly with Motilal Oswal |
|
10 |
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Motilal Oswal Securities Limited jointly with Ramdeo Agarawal |
|
10 |
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Motilal Oswal Securities Limited jointly with Vimla Oswal |
|
10 |
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Motilal Oswal Securities Limited jointly with Suneeta Agarawal |
|
10 |
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Motilal Oswal Securities Limited jointly with Navin Agarwal |
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10 |
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Motilal Oswal Securities Limited jointly with Ajay Menon |
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10 |
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Total |
|
650000000 |
Equity Share Break up (Percentage of Total Equity)
As on 31.08.2017
|
Category |
Percentage |
|
Promoters (Body corporate) |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The Company’s principle activity is to provide, investment management and administrative services to the Schemes of Motilal Oswal Mutual Fund (the Fund), portfolio management services and investment advisory services to offshore funds. (Registered Activity) |
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Products / Services
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Information denied by the management |
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Bankers : |
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Auditors : |
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Name : |
PBK and Company Chartered Accountants |
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Address : |
Suite No.6-7, 1St Floor, Akulawadi 10 Laxmi Narayan Lane Matunga (CR), Mumbai, Maharashtra, India |
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Income-tax
PAN of auditor or auditor's firm : |
AAEFP5477M |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Holding company : |
Motilal Oswal Securities Limited |
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Ultimate Holding
company : |
· Motilal Oswal Financial Services Limited · Passionate Investment Management Private Limited |
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Subsidiary company
: |
· Motilal Oswal Asset Management (Mauritius) Company Private Limited · Motilal Oswal Capital Limited |
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Fellow Subsidiary
companies : |
· Motilal Oswal Capital Markets Private Limited · Motilal Oswal Trustee Company Limited · Motilal Oswal Insurance Brokers Private Limited · Motilal Oswal Commodities Broker Private Limited · Motilal Oswal Investment Advisors Limited · Motilal Oswal Wealth Management Limited · Motilal Oswal Securities International Private Limited · Motilal Oswal Capital Markets (Hongkong) Private Limited · Motilal Oswal Capital Markets (Singapore) Pte. Limited · Aspire Home Finance Corporation Limited · Motilal Oswal Real Estate Investment Advisors Private Limited · Motilal Oswal Real Estate Investment Advisors II Private Limited · India Business Excellence Management · Nagori Agro and Cattle Feeds Private Limited · MOPE Investment Advisors Private Limited |
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Enterprises which
are owned, or have significant influence of or are partners with Key
management personnel and their relatives : |
· Motilal Oswal Foundation · OSAG Enterprises LLP · VISU Associates - Partnership firm |
CAPITAL STRUCTURE
As on 31.08.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
650000000 |
Equity Shares |
INR 1/- each |
INR 650.000 Million |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
650000000 |
Equity Shares |
INR 1/- each |
INR 650.000 Million |
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|
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FINANCIAL DATA
[all figures are
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 |
650.000 |
650.000 |
650.000 |
|
(b) Reserves and Surplus |
703.643 |
201.686 |
(62.627) |
|
(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) |
1353.643 |
851.686 |
587.373 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
227.813 |
(3.595) |
0.000 |
|
(c) Other long-term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
9.238 |
5.590 |
3.507 |
|
Total Non-current
Liabilities (3) |
237.051 |
1.995 |
3.507 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
0.000 |
0.000 |
36.328 |
|
(b) Trade
payables |
591.192 |
157.748 |
288.818 |
|
(c) Other current
liabilities |
86.339 |
25.079 |
27.617 |
|
(d) Short-term
provisions |
112.566 |
88.083 |
45.745 |
|
Total Current
Liabilities (4) |
790.097 |
270.910 |
398.508 |
|
|
|
|
|
|
TOTAL |
2380.791 |
1124.591 |
989.388 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
4.676 |
4.354 |
7.924 |
|
(ii)
Intangible Assets |
6.582 |
5.796 |
5.315 |
|
(iii) Tangible assets capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
683.791 |
478.499 |
465.169 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term loans and advances |
290.533 |
28.347 |
37.432 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
985.582 |
516.996 |
515.840 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
0.000 |
0.000 |
0.000 |
|
(c) Trade receivables |
541.386 |
252.491 |
452.223 |
|
(d) Cash and bank balances |
53.307 |
76.387 |
1.952 |
|
(e) Short-term loans and advances |
800.516 |
278.717 |
19.373 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
1395.209 |
607.595 |
473.548 |
|
|
|
|
|
|
TOTAL |
2380.791 |
1124.591 |
989.388 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Revenue
from operations |
3401.244 |
1848.686 |
874.391 |
|
|
Other Income |
12.209 |
1.856 |
3.948 |
|
|
TOTAL |
3413.453 |
1850.542 |
878.339 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
0.000 |
0.000 |
0.000 |
|
|
Purchases of Stock-in-Trade |
0.000 |
0.000 |
0.000 |
|
|
Employee benefit expense |
299.884 |
222.232 |
153.661 |
|
|
CSR expenditure |
2.895 |
2.110 |
0.000 |
|
|
Other expenses |
2345.487 |
1263.699 |
665.914 |
|
|
Prior period items |
0.000 |
(1.299) |
(2.277) |
|
|
TOTAL |
2648.266 |
1486.742 |
817.298 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
765.187 |
363.800 |
61.041 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
0.116 |
4.292 |
3.249 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
765.071 |
359.508 |
57.792 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
6.200 |
5.564 |
5.314 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
758.871 |
353.944 |
52.478 |
|
|
|
|
|
|
|
Less |
TAX |
261.316 |
89.631 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
497.555 |
264.313 |
52.478 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
2.168 |
0.454 |
2.130 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
|
|
|
|
Basic |
0.77 |
0.41 |
0.86 |
|
|
Diluted |
0.76 |
0.41 |
0.84 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
315.162 |
212.439 |
(4.831) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
58.10 |
49.85 |
188.77 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
6.28 |
7.32 |
1.93 |
|
|
|
|
|
|
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) |
67.97 |
35.84 |
4.61 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.33 |
0.24 |
0.40 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.00 |
0.00 |
0.06 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities
/ Net Worth) |
0.58 |
0.32 |
0.68 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.01 |
0.01 |
0.02 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
6596.44 |
84.76 |
18.79 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
14.63 |
14.30 |
6.00 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
20.90 |
23.50 |
5.30 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
36.76 |
31.03 |
8.93 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.77 |
2.24 |
1.19 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
1.77 |
2.24 |
1.19 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.57 |
0.76 |
0.59 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
0.00 |
0.00 |
0.06 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.77 |
2.24 |
1.19 |
Total Liability = Short-term Debt + Long-term
Debt + Current Maturities of Long-term debts
FINANCIAL ANALYSIS
[all figures are in
INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Share Capital |
650.000 |
650.000 |
650.000 |
|
Reserves & Surplus |
(62.627) |
201.686 |
703.643 |
|
Net
worth |
587.373 |
851.686 |
1353.643 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
36.328 |
0.000 |
0.000 |
|
Total
borrowings |
36.328 |
0.000 |
0.000 |
|
Debt/Equity
ratio |
0.062 |
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 |
874.391 |
1848.686 |
3401.244 |
|
|
|
111.426 |
83.982 |
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 |
874.391 |
1848.686 |
3401.244 |
|
Profit/ (Loss) |
52.478 |
264.313 |
497.555 |
|
6.00% |
14.30% |
14.63% |
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 |
Yes |
|
12] |
Voter Id Card No. of Proprietor / Partners |
No |
|
13] |
Type of business |
Yes |
|
14] |
Line of Business |
Yes |
|
15] |
Export/import details (if applicable) |
No |
|
16] |
No. of employees |
No |
|
17] |
Details of sister concerns |
Yes |
|
18] |
Major suppliers |
No |
|
19] |
Major customers |
No |
|
20] |
Banking Details |
Yes |
|
21] |
Banking facility details |
No |
|
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 |
NOTE: Registered office of the company has been shifted from Palm Spring Centre, 2nd Floor, Palm Court Complex, New Link Road, Malad (West), Mumbai – 400064, Maharashtra, India to the present address w.e.f. 01.08.2014
BACKGROUND
The Company) was incorporated on November 14, 2008. The principal shareholder of the Company as at March 31, 2017 is Motilal Oswal Securities Limited (MOSL).
The Company’s principle activity is to provide, investment management and administrative services to the Schemes of Motilal Oswal Mutual Fund (the Fund), portfolio management services and investment advisory services to offshore funds.
Pursuant to the approval granted by the Securities and Exchange Board of India (SEBI) dated June 30, 2010, the Company has entered into an agreement with MOSL for assignment of the portfolio management services business of MOSL with effect from September 16, 2010.
INDEX
OF CHARGES: NO CHARGES EXISTS FOR COMPANY
FIXED ASSETS
- Furniture and fixtures
- Vehicles
- Office equipment
- Leasehold improvements
- Computer equipments
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 63.92 |
|
UK Pound |
1 |
INR 79.68 |
|
Euro |
1 |
INR 89.55 |
INFORMATION DETAILS
|
Information
Gathered by : |
AKS |
|
|
|
|
Analysis Done by
: |
VIV |
|
|
|
|
Report Prepared
by : |
JYTK |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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.
·