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|
MIRA INFORM REPORT
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Report No. : |
483890 |
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Report Date : |
05.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
WIPRO ENTERPRISES PRIVATE LIMITED (w.e.f.22.05.2015) |
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Formerly Known As
: |
WIPRO ENTERPRISES LIMITED (w.e.f.19.04.2013) AZIM PREMJI CUSTODIAL SERVICES LIMITED (w.e.f.28.03.2013) AZIM PREMJI CUSTODIAL SERVICES PRIVATE LIMITED |
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Registered
Office: |
C Block, CCLG Division, Doddakannelli, Sarjapur Road, Bangalore –
560035, Karnataka |
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Tel. No.: |
91-80-39916109 |
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Country : |
India |
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Financials (as
on) : |
31.03.2016 |
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Date of
Incorporation : |
17.08.2010 |
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Com. Reg. No.: |
08-054808 |
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Capital
Investment / Paid-up Capital : |
INR 4837.000 Million |
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CIN No.: [Company Identification
No.] |
U15141KA2010PTC054808 |
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IEC No.: |
Not Applicable [As informed by the management that firm does not
have export and import] |
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GST No.: |
Not Divulged |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AAJCA0072C |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject is engaged into: Wipro Consumer Care and Lighting has three main segments: Indian household business (including Personal Care), International personal care business (including Unza, LD Waxson, Yardley and other brands) and the Indian Office Solutions business (Lighting, Furniture and Switches). [Registered Activity] |
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No. of Employees
: |
Not Divulged |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
A++ |
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Credit Rating |
Explanation |
Rating Comments |
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A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
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Status : |
Excellent |
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Payment Behaviour : |
Regular |
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Litigation : |
Exist |
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Comments : |
Subject was incorporated in the year 2010 as “Wipro Enterprise Limited”. Later in the year 2015, it was converted to Private Limited Company under its current name and is engaged in providing consumer care, lighting, and infrastructure engineering products. Its products range soaps, toiletries, personal care products, baby care products, wellness products, electrical wire devices, domestic and commercial lighting products, and modular office furniture. It is an established company having excellent track. Management has not filed its financials for the year 2017 with the Government Registry.
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NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List
|
Country Name |
Previous Rating (30.06.2017) |
Current Rating (30.09.2017) |
|
India |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
D |
EXTERNAL AGENCY RATING
NOT AVAILABLE
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2016.
BIFR (Board for Industrial & Financial Reconstruction) LISTING
STATUS
Subject’s name is not listed as a Sick Unit in
the publicly available BIFR (Board for Industrial & Financial Reconstruction)
list as of 05.01.2018.
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 BY
|
Name : |
Mr. Ramesh |
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Designation : |
Accounts Department |
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Contact No.: |
91-9676908080 |
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Date : |
03.01.2018 |
LOCATIONS
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Registered Office : |
C Block, CCLG Division, Doddakannelli, Sarjapur Road, Bangalore –
560035, Karnataka, India |
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Tel. No.: |
91-80-39916109 / 28440054 |
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Mobile No.: |
91-9676908080 [Mr. Ramesh] |
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Fax No.: |
91-80-28440054 |
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E-Mail : |
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Website : |
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Corporate Office: |
134, Doddakannelli, Sarjapur Road, Bangalore - 560 035, Karnataka, India |
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Branch Offices : |
Located at: · Andhra Pradesh · Kerala · Punjab · Aurangabad · Rajasthan · Madhya Pradesh · Bihar · Mumbai · Tamilnadu · Chattisgarh · Telangana · Nagpur · Uttarakhand · Gujarat · New Delhi · Orissa · Uttar Pradesh · Haryana · West Bengal · Karnataka · Pune |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Azim Hasham Premji |
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Designation : |
Whole Time Director |
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Address : |
Survey No.75, 133, 135/1, 136/1 No.574, Doddakannelli Village, Sarjapur Road, Bangalore – 560035, Karnataka, India |
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Date of Birth/Age : |
24.07.1945 |
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Date of Appointment : |
17.08.2010 |
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DIN No.: |
00234280 |
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Other
Directorship:
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Name : |
Mr. Suresh Chandra Senapaty |
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Designation : |
Additional Director |
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Address : |
301, Brigade Lavelle I, Lavelle Road, Bangalore – 560001, Karnataka,
India |
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Date of Birth/Age : |
03.03.1957 |
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Date of Appointment : |
01.04.2013 |
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DIN No.: |
00018711 |
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Other
Directorship:
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Name : |
Mr. Vineet Agrawal |
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Designation : |
Whole Time Director |
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Address : |
No: A-1 Ground Floor, 21/16, Brunton Rustumji, Apartments, Brunton
Road, Bangalore – 560025, Karnataka, India
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Date of Birth/Age : |
17.01.1962 |
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Date of Appointment : |
01.04.2013 |
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DIN No.: |
02370129 |
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Other
Directorship:
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Name : |
Mr. Pratik Kumar |
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Designation : |
Whole Time Director |
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Address : |
421/A Palm Meadows 2 PH, Whitefield RD, Ramagondanahalli, Bangalore –
560066, Karnataka, India |
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Date of Birth/Age : |
23.10.1965 |
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Date of Appointment : |
01.04.2013 |
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DIN No.: |
00328453 |
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Other
Directorship:
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Name : |
Mr. Rishad Azim Premji |
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Designation : |
Additional Director |
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Address : |
46 F.B. Desai Road, Mumbai – 400026, Maharashtra India |
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Date of Birth/Age : |
09.01.1977 |
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Date of Appointment : |
01.04.2013 |
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DIN No.: |
02983899 |
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Other
Directorship:
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KEY EXECUTIVES
|
Name : |
Mr. Raghavendran Swaminathan |
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Designation : |
Chief Financial Officer |
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Address : |
Olve, 503, Prestige St. Johns Wood 80, St. Johns Cross Road Bangalore 560029, Karnataka, India |
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Date of Appointment : |
01.10.2014 |
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PAN No.: |
AFKPS0436B |
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Name : |
Mr. Chethan |
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Designation : |
Company Secretary |
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Address : |
No 66, 2nd Floor, 4th Main, 1st Stage, 5th Phase, Mahaganapathi Nagar, Rajajinagar, West of Chord Road, Bangalore - 560044, Karnataka, India |
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Date of Appointment : |
01.04.2013 |
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PAN No.: |
AIDPC9233C |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 31.03.2017
NOTE: SHAREHOLDING DETAILS FILE ATTACHED
AS ON 07.08.2017
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
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Promoters (Individual/Hindu Undivided Family - Indian) |
3.96 |
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Promoters (Bodies corporate) |
0.47 |
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Promoters (Others - Partnership firm and trust) |
94.02 |
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Public/Other than promoters (Individual/Hindu Undivided Family - Indian) |
1.52 |
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Public/Other than promoters (Individual/Hindu Undivided Family - Non-resident Indian (NRI)) |
0.03 |
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Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged into: Wipro Consumer Care and Lighting has three main segments: Indian household business (including Personal Care), International personal care business (including Unza, LD Waxson, Yardley and other brands) and the Indian Office Solutions business (Lighting, Furniture and Switches). [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 Divulged |
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Imports : |
Not Divulged |
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Terms : |
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Selling : |
Not Divulged |
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Purchasing : |
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 : |
Not Divulged |
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Bankers : |
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Auditors : |
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Name : |
BSR and Company LLP Chartered Accountants |
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Address : |
Bangalore, Karnataka, India |
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Income-tax
PAN of auditor or auditor's firm : |
AAAFB9852F |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Associate Company: |
· Wipro GE Healthcare Private Limited [U33111KA1990PTC016063] · Wipro Kawasaki Precision Machinery Private Limited |
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Subsidiary Company: |
Direct Subsidiaries * ·
Cygnus Negri Investments Private Limited · Wipro Consumer Care Limited · Wipro Enterprises Cyprus Limited (earlier WMNETSREV Limited) Indirect subsidiaries · Wipro Chandrika Limited [U24246KA1982PLC021796] · Wipro Singapore Pte Limited · Wipro Infrastructure Engineering AB · Wipro Infrastructure Engineering S.A. (formerly Hervil S.A) # · Wipro Unza Holdings Limited · Wipro Yardley FZE · Wipro Do Brasil Industrial S.A (Formerly R.K.M – Equipment Hidráulicos S.A) ·
Wipro Enterprises Inc. ·
Wipro Unza Holdings Limited (A) ·
Hydrauto Celka San ve Tic** · Wipro Infrastructure EngineeringOy (A) · Wipro Enterprises S.R.L. (Formerly Hervil Asset Management SRL) · Wipro Infrastructure Engineering Machinery (Changzhou) Co. Ltd. · Hydrauto Celka San ve Tic · Wipro Enterprises S.R.L. (formerly Hervil Asset Management SRL) · Wipro Yardley FZE · Wipro Enterprises Netherlands BV · Wipro Manufacturing Services Sdn. Bhd. · Wipro Unza Africa Limited (formerly Unzafrica Limited) NOTES: *All the above direct subsidiaries are 100% held by the Company except Wipro Chandrika Limited in which the Company holds 90 % of the equity securities. ** Defunct company. # Wipro Enterprises Cyprus Limited holds 99.71 % and Wipro Enterprises S.R.L. holds 0.08% in this entity. |
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Subsidiary details of Wipro
Infrastructure Engineering Oy, Wipro Unza Holdings Limited and Wipro
Enterprises Participaçőes Limited a are as follows: |
Direct Subsidiaries · Wipro Infrastructure Engineering Oy · Wipro Unza Holdings Limited · Wipro Enterprises Participaçőes Ltd Indirect Subsidiaries · Wipro Infrastructure Engineering LLC · Wipro Unza Singapore Pte Limited · Wipro Unza Indochina Pte Limited · Wipro Unza Cathay Limited · Wipro Unza China Limited · PT Unza Vitalis · Wipro Unza Thailand Limited · Wipro Unza Overseas Limited · Unzafrica Limited · Wipro Unza Middle East Limited · Unza International Limited · Wipro Unza Nusantara Sdn Bhd (formerly Unza Nusantara Sdn. Bhd.) · Wipro Do Brasil Industrial S.A (Formerly R.K.M – Equipamentos Hidráulicos S.A) · L D Waxson (Singapore) Pte Limited · Wipro Unza Vietnam Co, Limited · L D Waxson (HK) Limited · Wipro Unza (Guangdong) Consumer Products LTD. · Unza (Malaysia) Sdn Bhd · Wipro Unza (Malaysia) Sdn Bhd · Wipro Manufacturing Services Sdn Bhd · Gervas Corporation Sdn Bhd · Formapac Sdn Bhd · Ginvera Marketing Enterprises Sdn. Bhd · Attractive Avenue Sdn. Bhd. |
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Subsidiary details
of L D Waxson (Singapore) Pte Limited and Wipro Manufacturing Services Sdn Bhd
are as follows: |
Direct Subsidiaries · L D Waxson (Singapore) Pte Limited · Wipro Manufacturing Services Sdn Bhd Indirect Subsidiaries · L D Waxson (Taiwan) Co. Limited · L D Waxson (Quanzhou) Co. Limited · Shubido Pacific Sdn Bhd · Sanghai Wocheng Trading Development Co. Limited |
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Associates : |
· Wipro GE Healthcare Private Limited · Wipro Kawasaki Precision Machinery 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: |
· Azim Premji Foundation · Azim Premji Foundation for Development · Wipro Limited [L32102KA1945PLC020800] |
CAPITAL STRUCTURE
AS ON 31.03.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
495000000 |
Equity Shares |
INR 10/- each |
INR 4950.000 Million |
|
1000000 |
Preference Shares |
INR 50/- each |
INR 50.000 Million |
|
|
|
|
|
|
|
Total |
|
INR 5000.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
483662163 |
Equity Shares |
INR 10/- each |
INR 4837.000
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
4837.000 |
4923.000 |
4938.000 |
|
(b) Reserves & Surplus |
47619.000 |
47319.000 |
44147.000 |
|
(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) |
52456.000 |
52242.000 |
49085.000 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
574.000 |
425.000 |
423.000 |
|
(c)
Other long term liabilities |
65.000 |
0.000 |
0.000 |
|
(d)
long-term provisions |
224.000 |
222.000 |
176.000 |
|
Total
Non-current Liabilities (3) |
863.000 |
647.000 |
599.000 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
627.000 |
159.000 |
52.000 |
|
(b)
Trade payables |
6584.000 |
5178.000 |
4681.000 |
|
(c)
Other current liabilities |
1647.000 |
1282.000 |
1091.000 |
|
(d)
Short-term provisions |
156.000 |
148.000 |
127.000 |
|
Total
Current Liabilities (4) |
9014.000 |
6767.000 |
5951.000 |
|
|
|
|
|
|
TOTAL |
62333.000 |
59656.000 |
55635.000 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
7592.000 |
7189.000 |
6091.000 |
|
(ii)
Intangible Assets |
1091.000 |
1004.000 |
1064.000 |
|
(iii)
Capital work-in-progress |
437.000 |
678.000 |
1136.000 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
19283.000 |
19301.000 |
18969.000 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
1093.000 |
1024.000 |
775.000 |
|
(e)
Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
29496.000 |
29196.000 |
28035.000 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
22736.000 |
19289.000 |
16772.000 |
|
(b)
Inventories |
3969.000 |
3902.000 |
4255.000 |
|
(c)
Trade receivables |
3084.000 |
2933.000 |
3054.000 |
|
(d)
Cash and cash equivalents |
649.000 |
2113.000 |
1276.000 |
|
(e)
Short-term loans and advances |
1975.000 |
1816.000 |
1322.000 |
|
(f)
Other current assets |
424.000 |
407.000 |
921.000 |
|
Total
Current Assets |
32837.000 |
30460.000 |
27600.000 |
|
|
|
|
|
|
TOTAL |
62333.000 |
59656.000 |
55635.000 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
36666.000 |
32961.000 |
30574.000 |
|
|
|
Other Income |
1317.000 |
1324.000 |
1216.000 |
|
|
|
TOTAL (A) |
37983.000 |
34285.000 |
31790.000 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
12818.000 |
12750.000 |
11736.000 |
|
|
|
Purchases of Stock-in-Trade |
7155.000 |
5628.000 |
6298.000 |
|
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(239.000) |
374.000 |
(241.000) |
|
|
|
Employees benefits expense |
2763.000 |
2372.000 |
2123.000 |
|
|
|
Other expenses |
10078.000 |
8254.000 |
7398.000 |
|
|
|
TOTAL (B) |
32575.000 |
29378.000 |
27314.000 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
5408.000 |
4907.000 |
4476.000 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
7.000 |
9.000 |
15.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
5401.000 |
4898.000 |
4461.000 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
817.000 |
707.000 |
633.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
4584.000 |
4191.000 |
3828.000 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
1191.000 |
890.000 |
705.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
3393.000 |
3301.000 |
3123.000 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
FOB value of manufactured goods exported |
1699.000 |
1252.000 |
1330.000 |
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
1931.000 |
2833.000 |
2924.000 |
|
|
|
Stores & Spares |
16.000 |
30.000 |
59.000 |
|
|
|
Capital Goods |
403.000 |
35.000 |
389.000 |
|
|
TOTAL IMPORTS |
2350.000 |
2898.000 |
3372.000 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (INR) |
7.01 |
6.70 |
6.34 |
|
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 |
6165.000 |
5400.000 |
4222.000 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
30.70 |
32.48 |
36.46 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
11.89 |
11.24 |
10.01 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
120.32 |
102.84 |
94.74 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
1.36 |
1.26 |
1.05 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.59 |
0.55 |
0.54 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.14 |
0.11 |
0.11 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.01 |
0.00 |
0.00 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.17 |
0.13 |
0.12 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.17 |
0.17 |
0.17 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
772.57 |
545.22 |
298.40 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
9.25 |
10.01 |
10.21 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
5.44 |
5.53 |
5.61 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
6.47 |
6.32 |
6.36 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current
Assets / Current Liabilities) |
3.64 |
4.50 |
4.64 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
3.20 |
3.92 |
3.92 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.84 |
0.88 |
0.88 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
0.13 |
0.03 |
0.01 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
3.64 |
4.50 |
4.64 |
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
|
Particulars |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Share Capital |
4938.000 |
4923.000 |
4837.000 |
|
Reserves & Surplus |
44147.000 |
47319.000 |
47619.000 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
49085.000 |
52242.000 |
52456.000 |
|
|
|
|
|
|
Long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
52.000 |
159.000 |
627.000 |
|
Total
borrowings |
52.000 |
159.000 |
627.000 |
|
Debt/Equity
ratio |
0.001 |
0.003 |
0.012 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Sales |
30574.000 |
32961.000 |
36666.000 |
|
|
|
7.807 |
11.241 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Sales |
30574.000 |
32961.000 |
36666.000 |
|
Profit |
3123.000 |
3301.000 |
3393.000 |
|
|
10.21% |
10.01% |
9.25% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
No |
|
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 |
Yes |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
LEGAL CASE
|
CIVIL COURT JUNIOR DIVISION, NANDGAON
KHANDESHWAR Case Details Case Type : R.C.S. Case Status First Hearing Date
: 29th July 2017 Petitioner and Advocate 1) K.G.N. Trading
Through Its Proprietor Respondent and Advocate 1) Wipro
Enterprises (p) Ltd., Through Its Authorized Officer Acts
History of Case Hearing
|
INDEX OF CHARGES: NO
CHARGES EXISTS FOR COMPANY
UNSECURED LOANS
|
PARTICULARS |
31.03.2016 (INR
In Million) |
31.03.2015 (INR
In Million) |
|
SHORT TERM BORROWINGS |
|
|
|
Loans repayable on demand from banks |
417.000 |
66.000 |
|
Other loans and advances |
210.000 |
93.000 |
|
|
|
|
|
Total |
627.000 |
159.000 |
COMPANY OVERVIEW
Azim Premji Custodial Services Private Limited, incorporated under the provisions of Companies Act, 1956 and domiciled in India became a public company, Azim Premji Custodial Services Limited on March 28, 2013. Effective April 19, 2013, the name changed to Wipro Enterprises Limited. During the year the company completed the process of reduction of share capital under section 100 to 104 of the Companies Act, 1956 resulting in a reduction of number of shareholders to less than 200. Considering the interest of speed, efficiency and ease of operations, combined with greater focus in growing the business of the Company, the Company was converted into a Private Limited Company pursuant to the approval by the Registrar of Companies dated May 22, 2015. Consequently, the name of the company was changed to Wipro Enterprises (P) Limited (“WEL or the Company”). The Company is headquartered in Bangalore, India.
The Company carries on the businesses of Consumer Care products, Switches, Lighting and Infrastructure Engineering all of which were transferred pursuant to the scheme of arrangement of Wipro Limited (“Wipro”) with effect from March 31, 2013, with the appointed date as April 1, 2012.
OUTLOOK
Global economic growth continues, but at an ever slowing and increasingly fragile pace. International Monetary Fund (IMF) in its World Economic Outlook report of April 2016, has forecast the global growth to amodest 3.2%, broadly in line with last year. Growth in advanced economies is projected to remain modest, in line with 2015 outcomes. Growth in emerging markets and developing economies still account for the lion’s share of projected world growth in 2016, prospects across countries remain uneven and generally weaker than over the past two decades.
India is poised to be the fastest growing large economy in the world with growth projected at 7.5%.
With their large presence in emerging economies combined with complimentary presence in developed markets, they are well positioned to capitalize on the global market opportunities.
PERFORMANCE OF
BUSINESS SEGMENTS
Wipro Consumer Care
and Lighting Business
Wipro Consumer Care and Lighting has three main segments – Indian household business (including Personal Care), International personal care business (including Unza, LD Waxson, Yardley and other brands) and the Indian Office Solutions business (Lighting, Furniture and Switches).
Despite a challenging global economy and a significant slowdown witnessed in global personal care market growth in FY16, their business has performed well and they have been able to grow ahead of industry and enhance market shares in their identified focus categories in all key countries of operation.
The Indian Household business saw benefits of lower commodity prices being passed on to consumers – leading to deflation in unit value sales and enhanced competitive intensity, in their categories. Consumer sentiment in India has been subdued, with rural demand impacted by the 2nd consecutive year of bad monsoon in key agricultural belts and urban economy adversely impacted by low job creation and a sharp hike in inflation on services and utilities. Interestingly certain segments in Urban India continued to see “consumer premiumization”. To address these challenges, they focused on their Non-soap business, which is more urban centric – and where they could achieve better growth. Key initiatives included launches like Santoor Gold, expansion of their Yardley brand offerings and roll out of Enchanteur brand (from their international range) in select markets. During the year, they also launched innovative products such as Glucovita Bolts in Jelly format to strengthen their presence in the Wellness space. In soaps, they continued to consolidate their market shares in South & West India – where Santoor is ranked No.1.They saw improvements in Santoor extensions, especially in the Hand Wash category. Their Chandrika brand (coconut oil based Ayurvedic soap) also grew well in FY16.
The International business was impacted by significant adverse currency movements in the Malaysian Ringitt and Indonesian Rupiah, impacting costs, as much of the sourcing is dollar denominated global sourcing. Personal care market growth rates in Asia/ Middle East also hit historical low levels, impacted by poor consumer sentiment – and affected discretionary categories more adversely. Despite these challenges, they grew well in all their key markets including China, Indonesia, Middle East, Vietnam, Taiwan and Malaysia – led by product and brand innovation and distribution expansion. The lead brand in International business is Enchanteur - a female toiletries brand. Enchanteur saw exciting new variant launches, supported with new advertising campaigns which helped their growth in China, Vietnam and Middle East. Other key brands in their portfolio include Bio-Essence, a skincare brand that focuses on anti-ageing and moisturizing and Safi, a Halal personal care and skin care brand. Their Safi and Bio-Essence brands are the Number 1 and 2 ranked facial care brands in Malaysia. Safi Shayla – a shampoo range launched a year ago, has moved up to become Malaysia’s 3rd largest shampoo brand. Bio-Essence growth was helped by a key launch in a new range called 24K Bio-Gold and re-launch of their best-selling Birds Nest range. Bio-Essence is also ranked No.1 in facial care in Singapore. In FY16, they moved to become the No.1 player in Female Fragrances in Indonesia – helped by new launches and distribution expansion. They are also a leading player in Male toiletries with their Romano and Dashing brands. Key re-launches in the male portfolio helped us grow better in FY16.
The Indian Office solutions business includes domestic and commercial lighting, Office modular furniture and Switches business divisions. In domestic Lighting business their Wipro Garnet brand of LED lighting grew very well in the changing market scenario. In the commercial Lighting business the focus has been on energy efficient solutions. Wipro Lighting has partnered 205 out of 361 certified commercial green buildings in India till date, and 48 out of 85 Platinum rated Green buildings. Their new offerings included- 16 new LED ranges for the Institutional segment. Wipro Furniture continues to lead in Innovation & Design, and remains the most awarded furniture division in the country. They have continued to work with premium designers to launch exclusive ranges to take advantage of market premiumization in this segment. In switches, they lead with their NorthWest Switches brand – with their Platia and Nowa ranges doing well in FY16.
Wipro Infrastructure Engineering Business:
Global Market was muted during the year due to continued downturn in China & Emerging economies. Also Mining and Agriculture industry suffered due to low demand from major geographies like North America and Europe. Despite adverse scenario, they were able to grow globally through bringing new customers to their portfolio, increased share of existing customers and by entering into new application segments.
Looking forward, they expect a strong and sustained demand trend in Indian market while they expect moderate growth in Europe and North America.
Aerospace and Defense sector continues to exhibit strong growth globally led by the Commercial segment (passenger aircraft). OEMs like Boeing and Airbus registered record sales in 2015 driven by increasing demand from the emerging economies. Globally, demand is estimated to grow at a steady rate of 4-5 % p.a. over the next decade or two.
The industrial water market continued to be sluggish last year and project finalizations had dropped significantly as compared to the previous fiscal. This year, they expect the opportunities to increase in the later half of the fiscal due to increase in state investment in power sector and rise in infrastructure projects.
CONTINGENT
LIABILITIES:
|
Particulars |
31.03.2016 (INR
In Million) |
31.03.2015 (INR
In Million) |
|
Disputed demands for customs duty, sales tax and other matters |
19.000 |
19.000 |
|
Performance and financial guarantees given by banks on behalf of the Company |
1724.000 |
829.000 |
|
Guarantees given by the Company on behalf of subsidiaries, including those assigned pursuant to scheme of arrangement. |
1087.000 |
1007.000 |
FIXED ASSETS:
Tangible Assets
·
Land
·
Buildings
·
Plant and Equipment
·
Furniture and Fixtures
·
Vehicles
·
Office Equipment
·
Computer Equipments
PRESS RELEASES
WIPRO UNVEILS NEW
CLOUD PLATFORM FOR GLOBAL ENTERPRISES
Oct 08, 2016
BENGALURU: Software major Wipro BSE 1.35 % on Friday unveiled a new solution on Microsoft Azure cloud computing platform and infrastructure to enable global enterprises develop and operate applications faster.
"Our new cloud platform AgileBase built on Azure enables global enterprises to adopt development and operations (DevOps) faster and cost effectively," said the IT major in a statement here.
As the platform reduces the DevOps time up to 90 per cent and eliminates manual
deployment, enterprises can adopt it to automate their development, testing and
operations environment.
"The platform complements investments by customer organisations and helps
accelerate the software de ..
"We make investments in building solutions to help customers take advantage of Azure. Our new platform will help customers adopt DevOps faster, both on-premises and to migrate and develop applications on Azure," said Wipro Senior Vice-President for business-application services Hiral Chandrana.
As AgileBase protects the tool investments in an enterprise, multiple clients across retail, banking, utilities and media industries are adopting it to take their DevOps maturity to the next level.
The outsourcing firm has been investing on building industry solutions on Azure
to help solve customers' problems and unlock value of the cloud.
WITH THE ACQUISITION
OF APPIRIO, WIPRO EXPECTS TO STAY AHEAD OF THE GAME
MUMBAI: Wipro’s $500 million of cloud services company Appirio was not just to gain access to its cloud-integration business, it was also part of a bet that the IT industry would be disrupted the way cab-hailing company Uber disrupted the transport sector. Buried inside Appirio is a crowdsourcing platform for developers and data scientists called Top Coder. Clients contact the platform with their IT requirements and with a budget.
The project is then broken down into different parts that need to implemented.
Then competitions are where experts in different fields do the actual work,
experienced top coders act as reviewers and then the developers on the platform
are paid for the code. When Appirio bought Top Coder in September 2013, it
counted NASA, Harvard University, and cable giant Comcast as customers. Appirio
uses the Top Coder platform to some services to its customers. In 2016, Top
Coder had over 1million IT professionals. from coders to data scientists
-- on the platform.
“We believe that the future of work in the IT industry is going to get Uberized to some extent. I could have a Wipro-ite who works 9 hours and makes another 4-5 hours of available time to IT work on Top coder. So then they can submit that work and get paid for that. This is going to be the future of IT in some cases,” Abidali Neemuchwala, CEO of Wipro BSE 1.32 %, told ET.
This has, in fact, already started happening. Last year, in
an interview with ET, Appirio CEO Chris Barbin said that out of the nearly 1
million coders on the platform, over 200,000 were from India. ET also reported
that IT companies said they were aware that their employees were moonlighting
on the site, but had few ways of combating it. So, it is not conceivable that
in the future, Wipro could tap a full-time TCS employee on Top Coder to do
project work for it. At the start of the year, Wipro started a Top Gear
programme -- creating an internal crowdsourcing platform that was meant to tap
its bench to work on projects. CEO Abidali Neemuchwala said Top Coder, together
with Top Gear, would be part of office of its Chief Technology Officer KR
Sanjiv.
Neemuchwala said the Top Coder acquisition would help the company accelerate its Top Gear initiative by two years. “In Top Gear, we went in about two quarters to 22,000 Wiproites. Top Coder already has a million members outside of Wipro. So this accelerates us and enables us to deliver work as it will be done in the future,” Neemuchwala said.
Wipro is not the only IT company to look at tapping crowdsourcing. It is, however, the first Indian IT company to make an acquisition that makes it a player in this space. In September, Accenture Ventures made a minority investments in Applause, which provides crowdsourced testing services. Accenture said the alliance would help its clients build a ‘liquid workforce.’ “Crowdsourcing will supplement, not replace, traditional staffing capabilities and provide flexible access to in-demand talent that can help clients improve the end-to end performance of their websites mobile applications and Internet of Things devices,” Bhaskar Ghosh, group chief executive at Accenture Technology Services, said in September on the alliance.
IT industry experts are also intrigued with what Wipro could do with TopCoder. “It’s the crowdsourcing angle that makes this acquisition so interesting. Pairing a Cloud-first company that happens to have a successful crowdsourcing platform with one of the biggest IT outsourcing companies in the world does create the potential for some compelling developments,” Stanton Jones, Principal Analyst at Saugatuck Technology, said in a note. S
augatuck Technology is owned by IT consultancy ISG. Jones added he would be keeping an eye on what comes out of it. Wipro does not expect the disruption to happen soon. But Neemuchwala points out that people were uncertain about adopting cloud initially but since then the technology had grown leaps at bounds and at the pace that no one fully expected. The company does even yet have a fullyfledged plan around crowdsourcing, but it is preparing to stay of disruption when it comes.
“I will tell you that we will wet our toes, we will experiment, we will learn. I don’t have all the answers. There will be a period of trying and testing and poking holes and collecting data points and then there will be a period of inflexion,” Neemuchwala said. He added this disruption would take longer than the cloud took to get a hold on the IT space, given that the company will have to figure out how to prevent the same coder working on similar projects from two rival clients, manage enterprise security and even the geographical location of the coders.
WIPRO TO SELL
ECOENERGY UNIT FOR $70 MILLION
Nov 30, 2016
BENGALURU: Wipro BSE 0.61 % said it agreed to sell its EcoEnergy division for $70 million as it sharpens its focus on its core IT business.
Wipro EcoEnergy had revenue of about INR 676.000 million in FY16 and has a net
worth of RS 15.6 crore, Wipro said in a filing with the Bombay Stock
Exchange.
“Since the business carried
out by the EcoEnergy division is not core and strategic to the overall IT
business, it has been decided to divest the business,” Wipro said in the
filing.
The unit provides solutions for energy efficient
and management to enterprise clients. In October, Wipro announced that
EcoEnergy division won a deal with restaurant chain owner Specialty Restaurants
to provide energy efficiency services.
The sale to a subsidiary of
UTC Climate, Controls and Security is subject closing conditions and regulatory
approval Wipro said.
“We believe EcoEnergy’s energy management platform and
services, along with the expertise of its team, will enable UTC Climate,
Controls & Security to further develop its remote monitoring and building
analytics capabilities and bring enhanced services and solutions to UTC
Climate, Controls & Security’s broad, global customer base,” Ross Shuster,
president, International Operations, UTC Climate, Controls & Security, said
in a statement.
WIPRO TO PAY $5
MILLION TO CLOSE SIX-YEAR-OLD US SEC INVESTIGATION
Dec 23, 2016,
BENGALURU: Wipro BSE 0.61 % said it had agreed to pay a $5 million civil money penalty to the US Securities and Exchange Commission to close a six-year old embezzlement investigation.
In agreeing to the settlement, Wipro said it neither admitted nor denied the
SEC’s allegations that it violated provisions of the Securities Exchange
Act.
"Under the terms of settlement, the company consents to pay a civil money penalty of $5 million, to cease and desist from committing or causing violations of the Exchange Act and to undertake certain follow-through actions," Wipro said in a filing to the Bombay Stock Exchange.
Wipro said it reached the settlement because it was in the best interests of
all ‘its stakeholders to resolve this prolonged matter’.
The SEC investigation began after Wipro discovered in 2009 that an employee had embezzled about $4 million from 2006 onwards. The company had publicly disclosed the embezzlement and had conducted an internal and external investigation.
WIPRO UNVEILS NEW CLOUD PLATFORM FOR GLOBAL
ENTERPRISES
Oct 08, 2016
BENGALURU:
Software major Wipro BSE 0.61 % on Friday unveiled a new solution on Microsoft
Azure cloud computing platform and infrastructure to enable global enterprises
develop and operate applications faster.
"Our new cloud platform AgileBase built on
Azure enables global enterprises to adopt development and operations (DevOps)
faster and cost effectively," said the IT major in a statement here.
As the platform reduces the DevOps time up to 90
per cent and eliminates manual deployment, enterprises can adopt it to automate
their development, testing and operations environment.
"The platform complements investments by
customer organisations and helps accelerate the software delivery process by providing
a comprehensive delivery environment," the statement said.
The platform also captures metrics for
pre-emptive analysis, compliance, and audit. Its process templating feature
ensures repeatability and standardises the adoption of DevOps across projects
in a predictable manner.
"We make investments in
building solutions to help customers take advantage of Azure. Our new platform
will help customers adopt DevOps faster, both on-premises and to migrate and
develop applications on Azure," said Wipro Senior Vice-President for
business-application services Hiral Chandrana.
As AgileBase protects the
tool investments in an enterprise, multiple clients across retail, banking,
utilities and media industries are adopting it to take their DevOps maturity to
the next level.
The outsourcing firm has been
investing on building industry solutions on Azure to help solve customers'
problems and unlock value of the cloud.
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 63.39 |
|
UK Pound |
1 |
INR 85.74 |
|
Euro |
1 |
INR 76.25 |
INFORMATION DETAILS
|
Information
Gathered by : |
KMN |
|
|
|
|
Analysis Done by
: |
NIS |
|
|
|
|
Report Prepared
by : |
ARC |
SCORE & RATING EXPLANATIONS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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 |
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.