|
|
|
MIRA INFORM REPORT
|
Report No. : |
494062 |
|
Report Date : |
26.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
GUPSHUP TECHNOLOGY INDIA PRIVATE LIMITED (w.e.f. 11.01.2012) |
|
|
|
|
Formerly Known
As : |
WEBAROO TECHNOLOGY INDIA PRIVATE LIMITED |
|
|
|
|
Registered Office : |
Unit No. 101, 1st Floor, Silver Metropolis, Western Express Highway, Goregaon (East), Mumbai – 400063, Maharashtra |
|
Tel. No.: |
91-22-61968011 / 42006799 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
05.01.2005 |
|
|
|
|
Com. Reg. No.: |
11-150425 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 55.270 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U72100MH2005PTC150425 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACW5722A |
|
|
|
|
GSTIN : [Goods & Service Tax Registration
No.] |
27AAACW5722A1ZP |
|
|
|
|
Legal Form : |
Private Limited Liability Company. |
|
|
|
|
Line of Business
: |
The Company has Developed a Social Networking Website
‘smsgupshup.com’ and Provides Mobile Messaging Services and Mobile Advertisement
through Text Messages. (Registered activity) |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A+ |
|
Credit Rating |
Explanation |
Rating Comments |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
Maximum Credit Limit : |
USD 2300000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
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|
|
|
Comments : |
Subject is a wholly owned subsidiary of “Webaroo Holdings Limited,
Mauritius” and was incorporated in the year 2010. For the financial year 2017, the company has marginally declined in
its revenue from operations but maintained average profitability margin of
3.26%. Rating takes into consideration sound financial profile of the company
marked by healthy networth base and low debt balance sheet. Further, rating also reflects from its strong holding company support
and established track of business operation along with market position and
improvement in the profitability profile during the year. Trade relations are reported as fair. Business is active. Payments
terms are seems to be regular. In view of aforesaid, the company can be considered for business
dealings at usual trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
Not Available |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2016.
BIFR (Board for Industrial & Financial
Reconstruction) LISTING STATUS
Subject’s name is
not listed as a Sick Unit in the publicly available BIFR (Board for Industrial
& Financial Reconstruction) list as of 26.02.2018
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.
LOCATIONS
|
Registered Office : |
Unit No. 101, 1st Floor, Silver Metropolis, Western Express Highway, Goregaon (East), Mumbai – 400063, Maharashtra, India |
|
Tel. No.: |
91-22-61968011 / 42006799 |
|
Fax No.: |
91-22-61968008 |
|
E-Mail : |
|
|
|
|
|
Branch Office : |
KH No. 262, 1st Floor, West End Marg, Saidulajab, Near ITDC, New Delhi – 110030, India
396/85, Shubhasri Building, Second Floor, 11th Main road, Third Block, Jayanagar, Ward No. 60, Bangalore – 560011, Karnataka, India
G2-A, Eldorado Building, No. 112/29, Nungambakkam High Road, Chennai – 600034, Tamilnadu, India |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Rakesh Mathur |
||||||||||||
|
Designation : |
Director |
||||||||||||
|
Address : |
15168 Piedmont Rd, Saratoga, CA 95070, United States of America |
||||||||||||
|
Date of Birth/Age : |
29.04.1956 |
||||||||||||
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Date of Appointment : |
17.03.2005 |
||||||||||||
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DIN No.: |
00645048 |
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Other Directorship:
|
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|
|
|
||||||||||||
|
Name : |
Mr. Amit Shrivastav |
||||||||||||
|
Designation : |
Director |
||||||||||||
|
Address : |
Bhagat House, Flat-1 35/28, AJC Bose Road, Kolkata – 700017, West
Bengal, India |
||||||||||||
|
Date of Birth/Age : |
04.07.1979 |
||||||||||||
|
Date of Appointment : |
25.11.2015 |
||||||||||||
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PAN No.: |
ADHPM7400Q |
||||||||||||
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DIN No.: |
03546829 |
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Other Directorship:
|
|||||||||||||
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|
|
||||||||||||
|
Name : |
Mr. Nilesh Shivaji Sonawane |
||||||||||||
|
Designation : |
Director |
||||||||||||
|
Address : |
903, Eastern Majesty C.H.S., Tata Colony, Mulund - East, Mumbai –
400081, Maharashtra, India |
||||||||||||
|
Date of Birth/Age : |
25.04.1979 |
||||||||||||
|
Date of Appointment : |
01.02.2016 |
||||||||||||
|
PAN No.: |
AYFPS3688H |
||||||||||||
|
DIN No.: |
06756783 |
||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Ajay Vijay Ghorpade |
|
Designation : |
Company Secretary |
|
Address : |
Block-225, Behind Saraswati High School, Ulhasnagar-4, Thane – 421004,
Maharashtra, India |
|
Date of Birth/Age : |
07.01.1991 |
|
Date of Appointment : |
10.01.2017 |
|
PAN No.: |
AZTPG7982P |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Webaroo Holdings Limited, Mauritius |
|
5408916 |
|
Webaroo Inc, United States of America |
|
118117 |
|
Rakesh Mathur |
|
1 |
|
|
|
|
|
Total |
|
5527034 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2017
|
Category |
Percentage |
|
Promoter - Bodies
corporate |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The Company has Developed a Social Networking Website ‘smsgupshup.com’
and Provides Mobile Messaging Services and Mobile Advertisement through Text
Messages.
(Registered activity) |
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Products : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Available |
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Imports : |
Not Available |
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Terms : |
Not Available |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Not Available |
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Bankers : |
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Facilities : |
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Auditors : |
|
|
Name : |
Haribhakti and Co. LLP Chartered Accountants |
|
Address : |
705, Leela Business Park, Andheri Kurla Road, Andheri (East), Mumbai, Maharashtra, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAAFH2010F |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Holding Company : |
|
|
|
|
|
Subsidiary : |
U74900MH2013PTC243217
U74990MH2010PTC202697
U64204MH2011PTC224531 |
CAPITAL STRUCTURE
As on 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6000000 |
Equity Shares |
INR 10/- each |
INR 60.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5527034 |
Equity Shares |
INR 10/- each |
INR 55.270
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in 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 |
55.270 |
55.270 |
55.270 |
|
(b) Reserves & Surplus |
739.235 |
640.836 |
557.482 |
|
(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) |
794.505 |
696.106 |
612.752 |
|
|
|
|
|
|
(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 |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
37.394 |
24.754 |
22.688 |
|
Total
Non-current Liabilities (3) |
37.394 |
24.754 |
22.688 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
150.909 |
125.026 |
0.000 |
|
(b) Trade payables |
1024.554 |
550.474 |
217.915 |
|
(c) Other current liabilities |
94.996 |
100.940 |
87.104 |
|
(d) Short-term provisions |
3.120 |
1.598 |
1.467 |
|
Total
Current Liabilities (4) |
1273.579 |
778.038 |
306.486 |
|
|
|
|
|
|
TOTAL |
2105.478 |
1498.898 |
941.926 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
13.458 |
11.215 |
13.140 |
|
(ii) Intangible Assets |
22.935 |
3.813 |
1.501 |
|
(iii) Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv) Intangible assets under
development |
21.420 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.200 |
0.200 |
0.200 |
|
(c) Deferred tax assets (net) |
38.615 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
243.647 |
167.861 |
83.839 |
|
(e) Other Non-current assets |
151.920 |
44.064 |
28.583 |
|
Total
Non-Current Assets |
492.195 |
227.153 |
127.263 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
1.256 |
13.926 |
229.620 |
|
(b) Inventories |
0.000 |
0.000 |
0.000 |
|
(c) Trade receivables |
1282.705 |
832.975 |
347.955 |
|
(d) Cash and cash equivalents |
34.710 |
126.062 |
68.069 |
|
(e) Short-term loans and
advances |
288.466 |
286.484 |
165.571 |
|
(f) Other current assets |
6.146 |
12.298 |
3.448 |
|
Total
Current Assets |
1613.283 |
1271.745 |
814.663 |
|
|
|
|
|
|
TOTAL |
2105.478 |
1498.898 |
941.926 |
PROFIT
& LOSS ACCOUNT (STANDALONE)
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
3020.043 |
3276.956 |
2129.911 |
|
|
Other Income |
19.553 |
22.871 |
53.463 |
|
|
TOTAL
|
3039.596 |
3299.827 |
2183.374 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
2509.324 |
2723.632 |
1571.510 |
|
|
Employees benefits expense |
171.173 |
211.415 |
189.188 |
|
|
Other expenses |
273.881 |
264.098 |
168.415 |
|
|
TOTAL |
2954.378 |
3199.145 |
1929.113 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
85.218 |
100.682 |
254.261 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
13.147 |
6.109 |
0.217 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
72.071 |
94.573 |
254.044 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
12.288 |
11.219 |
10.370 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
59.783 |
83.354 |
243.674 |
|
|
|
|
|
|
|
Less |
TAX |
(38.616) |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
98.399 |
83.354 |
243.674 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (INR) |
17.8 |
15.08 |
43.57 |
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 |
(10.720) |
(197.185) |
126.484 |
|
Net cash flows from (used in) operating activities |
(73.657) |
(261.185) |
146.945 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
155.03 |
92.78 |
59.63 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
2.35 |
3.93 |
6.12 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
149.03 |
73.77 |
50.61 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
1.47 |
6.70 |
17.37 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.60 |
0.52 |
0.33 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.19 |
0.18 |
0.00 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities
/ Net Worth) |
1.60 |
1.12 |
0.50 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.07 |
0.02 |
0.02 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
6.48 |
16.48 |
1171.71 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
((PAT / Sales) * 100) |
% |
3.26 |
2.54 |
11.44 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
4.67 |
5.56 |
25.87 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
12.38 |
11.97 |
39.77 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.27 |
1.63 |
2.66 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
1.27 |
1.63 |
2.66 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.38 |
0.46 |
0.65 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
2.73 |
2.26 |
0.00 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.27 |
1.63 |
2.66 |
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 |
55.270 |
55.270 |
55.270 |
|
Reserves & Surplus |
557.482 |
640.836 |
739.235 |
|
Net
worth |
612.752 |
696.106 |
794.505 |
|
|
|
|
|
|
Long Term borrowings |
0.000 |
0.000 |
0.000 |
|
Short Term borrowings |
0.000 |
125.026 |
150.909 |
|
Total
borrowings |
0.000 |
125.026 |
150.909 |
|
Debt/Equity
ratio |
0.000 |
0.180 |
0.190 |
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
|
2129.911 |
3276.956 |
3020.043 |
|
|
|
53.854 |
(7.840) |
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
|
2129.911 |
3276.956 |
3020.043 |
|
Profit |
243.674 |
83.354 |
98.399 |
|
|
11.44% |
2.54% |
3.26% |
ABRIDGED
BALANCE SHEET – (CONSOLIDATED)
|
SOURCES
OF FUNDS |
|
31.03.2017 |
31.03.2016 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
55.270 |
55.270 |
|
(b) Reserves & Surplus |
|
869.882 |
747.062 |
|
(c) Money received against
share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
|
0.006 |
0.006 |
|
Total
Shareholders’ Funds (1) + (2) |
|
925.158 |
802.338 |
|
|
|
|
|
|
(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 |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
37.394 |
24.754 |
|
Total
Non-current Liabilities (3) |
|
37.394 |
24.754 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
150.909 |
125.026 |
|
(b) Trade payables |
|
966.790 |
525.201 |
|
(c) Other current liabilities |
|
106.591 |
108.138 |
|
(d) Short-term provisions |
|
3.120 |
1.598 |
|
Total
Current Liabilities (4) |
|
1227.410 |
759.963 |
|
|
|
|
|
|
TOTAL |
|
2189.962 |
1587.055 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
13.458 |
11.215 |
|
(ii) Intangible Assets |
|
22.935 |
3.813 |
|
(iii) Capital work-in-progress |
|
21.420 |
0.000 |
|
(iv) Intangible assets under
development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
|
38.615 |
0.000 |
|
(d) Long-term Loan and Advances |
|
306.765 |
243.728 |
|
(e) Other Non-current assets |
|
151.920 |
44.064 |
|
Total
Non-Current Assets |
|
555.113 |
302.820 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
6.256 |
13.926 |
|
(b) Inventories |
|
0.000 |
0.000 |
|
(c) Trade receivables |
|
1282.706 |
832.975 |
|
(d) Cash and cash equivalents |
|
47.071 |
137.778 |
|
(e) Short-term loans and
advances |
|
292.670 |
287.258 |
|
(f) Other current assets |
|
6.146 |
12.298 |
|
Total
Current Assets |
|
1634.849 |
1284.235 |
|
|
|
|
|
|
TOTAL |
|
2189.962 |
1587.055 |
PROFIT
& LOSS ACCOUNT– (CONSOLIDATED)
|
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
|
SALES |
|
|
|
|
|
Income |
|
3020.251 |
3277.260 |
|
|
Other Income |
|
22.233 |
22.246 |
|
|
TOTAL
|
|
3042.484 |
3299.506 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
|
2462.156 |
2594.832 |
|
|
Employees benefits expense |
|
172.596 |
212.347 |
|
|
Other expenses |
|
285.326 |
271.641 |
|
|
TOTAL |
|
2920.078 |
3078.820 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
|
122.406 |
220.686 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
13.147 |
6.208 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
109.259 |
214.478 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
|
12.289 |
11.219 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
|
96.970 |
203.259 |
|
|
|
|
|
|
|
Less |
TAX |
|
(25.844) |
41.500 |
|
Less |
Tax
expense of discontinuing operations |
|
(0.006) |
0.000 |
|
Less |
Profit
(loss) of minority interest |
|
0.000 |
0.003 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
|
122.820 |
161.756 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (INR) |
|
22.22 |
29.27 |
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 |
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 |
NOTE: Registered office of the company has been
shifted from 1st Floor, Millennium Tower, Opposite IIT Main Gate,
Mumbai – 400076, Maharashtra, India to the
present address w.e.f. 24.11.2010
CORPORATE INFORMATION
The Company is a private company domiciled in India and incorporated under the provisions of the Companies Act, 2013 (the ‘Act’). The Company has developed a social networking website ‘smsgupshup.com’ and provides mobile messaging services and mobile advertisement through text messages.
During the year the Company has recorded a profit amounting to INR 98398964 Million while its accumulated losses amount to INR 473153658 Million as at March 312017. The Company has a positive net worth of INR 794505472 Million as at March 31 2017. Based on the Company’s plans for future action and the feasibility of those plans the Company is confident of its ability to generate sufficient revenues improve operational performance and settle their obligations as and when they fall due. Management has assessed and confirmed that the going concern assumption is valid and accordingly these financial statements have been prepared on a going concern basis.
INDEX
OF CHARGES:
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
C82497223 |
10619785 |
ICICI BANK LIMITED |
25/01/2016 |
16/02/2016 |
- |
50000000.0 |
Landmark Race Cource Circle, Alkapuri, Baroda – 390015, Gujarat, India |
|
2 |
C82496738 |
10616008 |
ICICI BANK LIMITED |
06/01/2016 |
16/02/2016 |
- |
200000000.0 |
Landmark Race Cource Circle, Alkapuri, Baroda – 390015, Gujarat, India |
|
3 |
B58409640 |
10171166 |
SVB INDIA FINANCE PRIVATE LIMITED |
24/07/2009 |
- |
30/08/2012 |
80000000.0 |
84, Free Press House, 215, Nariman Point, Mumbai – 400021, Maharashtra, India |
CONTINGENT
LIABILITIES:
(INR in million)
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
|
Claims against company not acknowledged as debt |
0.000 |
5.819 |
|
Guarantees |
4.918 |
6.518 |
|
Total |
4.918 |
12.337 |
FIXED ASSETS
- Office Equipment
- Computers/servers
- Furniture and Fixtures
- Leasehold Improvement
- Motor Vehicle
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 64.82 |
|
|
1 |
INR 90.40 |
|
Euro |
1 |
INR 79.76 |
INFORMATION DETAILS
|
Analysis Done by
: |
PRS |
|
|
|
|
Report Prepared
by : |
KJL |
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.