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|
MIRA INFORM REPORT
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Report No. : |
484492 |
|
Report Date : |
06.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
YOU BROADBAND INDIA LIMITED (w.e.f. 21.12.2015) |
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|
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Formerly Known
As : |
YOU
BROADBAND INDIA PRIVATE LIMITED (w.e.f. 04.09.2013) YOU BROADBAND INDIA LIMITED (w.e.f. 27.08.2013) YOU BROADBAND AND CABLE INDIA LIMITED (w.e.f. 12.01.2010) YOU
BROADBAND AND CABLE INDIA PRIVATE LIMITED (w.e.f. 23.11.2007) YOU BROADBAND NETWORKS INDIA PRIVATE LIMITED (w.e.f. 21.12.2006) BG BROADBAND NETWORKS INDIA PRIVATE LIMITED(w.e.f. 29.06.2001) NETSHASTR FACILITIES INDIA PRIVATE LIMITED |
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Registered
Office : |
Plot No. 54, Marol Co-operative Industrial Estate, Makwana, Andheri
East, Mumbai -400059, Maharashtra |
|
Tel. No.: |
91-22-71134100 |
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Country : |
India |
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Financials (as
on) : |
31.03.2016 |
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Date of
Incorporation : |
13.11.2000 |
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Com. Reg. No.: |
11-139321 |
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Capital
Investment / Paid-up Capital : |
INR 473.454 Million |
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CIN No.: [Company Identification
No.] |
U51909MH2000PLC139321 |
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IEC No.: |
Not Divulged |
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GSTIN/UIN: |
Not Divulged |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AABCB6062F |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Subject is engaged in the business of rendering for carrying on the business of providing infrastructure support to licensed telecommunications service providers, internet service providers by providing dark fibre, fixed links, and duct space and also offers high-speed data and voice through the Internet to the retail and enterprises customer. [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 : |
B |
|
Credit Rating |
Explanation |
Rating Comments |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is subsidiary of “Vodafone India Limited” incorporated in the year 2000. It is engaged in providing broadband and internet services. Management has not filed its financials with Registrar of Companies for financial year 2017. As per available financials of 2016, the company has achieved decent growth in its revenue as compared to its previous year and shown improvement in its profitability margin and has able to wipe off some of its accumulated losses incurred in its previous year. Further the company’s average financial position is reflected by its eroded net worth base due to heavy losses incurred in previous year. However, rating takes into consideration, the company’s established track record of its business operations which is supported and backed by “Vodafone India Limited”. Business is active. Payments are reported to be slow but correct. In view of aforesaid, the company can be considered for business dealings with some caution. Note: “YOU Telecom India Private Limited” was acquired by You Broadband Networks India Private Limited” in the year 2006 and later on 24th April 2016, “Vodafone India Limited” buys the whole stake in “You Broadband India Limited” which makes it a holding company of the subject. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
EXTERNAL AGENCY RATING
NOT AVAILABLE
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2016.
BIFR (Board for Industrial & Financial Reconstruction) LISTING
STATUS
Subject’s name is not listed as a Sick Unit in
the publicly available BIFR (Board for Industrial & Financial
Reconstruction) list as of 06.01.2018
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 DENIED
MANAGEMENT NON-COOPERATIVE (91-9121291212 /9920269359)
+91-22-26850999 – DOES NOT BELONGS OF THE
SUBJECT
91-22-40190000/9892577898 – CONTINUOUSLY
RINGING
LOCATIONS
|
Registered Office : |
Plot No. 54, Marol Co-operative Industrial Estate, Makwana, Andheri
East, Mumbai -400059, Maharashtra, India |
|
Tel. No.: |
91-22-71134100/40190000 |
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Fax No.: |
91-22-40190155 |
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E-Mail : |
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|
Website : |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Eyyuni Venkat Srinivas Chakravarthy |
|
Designation : |
Managing Director |
|
Address : |
602, F Block, Great Estate Garden, L B S Marg, Kanjurmarg (West),
Mumbai – 400078, Maharashtra, India |
|
Date of Birth/Age : |
15.08.1961 |
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Qualification: |
C.A. and C.S. |
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Date of Appointment : |
24.05.2007 |
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DIN No.: |
00603085 |
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|
|
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Name : |
Mr. Ashop Sinha |
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Designation : |
Director |
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Date of Appointment : |
14.07.2017 |
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DIN No.: |
00070477 |
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Name : |
Mrs. Shobha Prasad |
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Designation : |
Director |
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Date of Appointment : |
14.07.2017 |
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DIN No.: |
02149579 |
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Name : |
Mr. Naveen Lal Chopra |
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Designation : |
Director |
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Date of Appointment : |
13.06.2017 |
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DIN No.: |
05307614 |
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Name : |
Mr. Arvind Vohra |
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Designation : |
Director |
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Date of Appointment : |
20.12.2017 |
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DIN No.: |
08016740 |
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Name : |
Mr. Suraj Kalra |
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Designation : |
Director |
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Date of Appointment : |
20.12.2017 |
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DIN No.: |
08016758 |
KEY EXECUTIVES
|
Name : |
Mr. Partha Pratim Choudhury |
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Designation : |
Chief Finance Officer |
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Date of Birth/Age : |
04.12.1964 |
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Qualification: |
CA |
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Date of Appointment : |
29.04.2014 |
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PAN No.: |
ABGPC9643L |
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|
|
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Name : |
Mr. Lakshmisree Chakraborty |
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Designation : |
Company Secretary |
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Date of Birth/Age : |
09.01.1973 |
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Qualification: |
B.COM, LLB, CS |
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Date of Appointment : |
05.06.2015 |
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PAN No.: |
AEXPC2024F |
MAJOR SHAREHOLDERS
AS ON 31.03.2016
|
Names of Shareholders |
No. of Shares |
|
|
You Telecom (Mauritius) Limited |
|
37336288 |
|
You Employees Welfare trust |
|
3745602 |
|
Styrax Commodities Limited |
|
201836 |
|
Bennett Coleman and Co Limited |
|
1998921 |
|
Rambhaben Tanti |
|
800471 |
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Gita Tanti |
|
800469 |
|
Sangita Tanti |
|
800469 |
|
LinaTanti |
|
800469 |
|
Radha Tanti |
|
800469 |
|
P R Srinivasan Growth Partnership Co Investment Trust |
|
1 |
|
E V S Chakravarthy |
|
35394 |
|
Partha Choudhury |
|
3319 |
|
Neerai Bhatia |
|
1 |
|
Kishore Velankar |
|
1 |
|
Khush Kabraii |
|
1 |
|
G R Sridhar |
|
9955 |
|
Nalamvelil Koshy Rouse |
|
1 |
|
Hetal Shah |
|
1 |
|
Arvind Agarwal |
|
5530 |
|
Shridhar Thathachary |
|
5530 |
|
Chinmay Patra |
|
111 |
|
Hitesh Gandhi |
|
553 |
|
Total |
|
47345392 |
Equity Share Break up (Percentage of Total Equity)
AS ON 26.09.2016
|
Category |
Percentage |
|
Promoters- Body corporate |
78.86 |
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Public/Other than promoters- Individual/Hindu Undivided Family- Indian |
8.58 |
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Public/Other than promoters - Body corporate |
4.65 |
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Public/Other than promoters- Others |
7.91 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the business of rendering for
carrying on the business of providing infrastructure support to licensed telecommunications
service providers, internet service providers by providing dark fibre, fixed
links, and duct space and also offers high-speed data and voice through the
Internet to the retail and enterprises customer. [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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Facilities : |
(INR
In Million)
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Auditors : |
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Name : |
B S R and Associates LLP Chartered Accountants |
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Address : |
Lodha Excelus, 1st Floor, Apollo Mills Compound, N.M Joshi Marg, Mahalakshmi Mumbai-400011, Maharashtra, India |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AADFB6889R |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Holding Company: |
Vodafone India Limited |
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Holding Company (AS
ON 31.03.2016): |
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Wholly owned subsidiary
(AS ON 31.03.2016): |
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Fellow Subsidiary
(AS ON 31.03.2016): |
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Step-Down
Subsidiary (AS ON 31.03.2016): |
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Subsidiary of
Fellow Subsidiary (AS ON 31.03.2016): |
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Step-Down
Subsidiary of Fellow Subsidiary (AS ON 31.03.2016): |
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Associate (AS ON
31.03.2016): |
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Enterprises over
which employee or director or key management person exercise significant
influence (AS ON 31.03.2016): |
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Joint Venture (AS
ON 31.03.2016): |
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CAPITAL STRUCTURE
AS ON 31.03.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
750000000 |
Equity Shares |
INR 10/- each |
INR 7500.000 Million |
|
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
47345392 |
Equity Shares |
INR 10/- each |
INR 473.454 Million |
|
|
|
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|
FINANCIAL DATA
[all figures are
INR Million]
ABRIDGED
BALANCE SHEET (STANDALONE)
|
SOURCES OF FUNDS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
473.454 |
473.454 |
452.866 |
|
(b) Reserves and Surplus |
(252.612) |
(322.896) |
(200.901) |
|
(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) |
220.842 |
150.558 |
251.965 |
|
|
|
|
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|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
391.347 |
312.950 |
300.500 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long-term
liabilities |
215.009 |
170.648 |
137.547 |
|
(d) long-term
provisions |
6.420 |
12.713 |
12.354 |
|
Total Non-current
Liabilities (3) |
612.776 |
496.311 |
450.401 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
120.176 |
120.346 |
120.633 |
|
(b) Trade
payables |
322.585 |
296.385 |
217.744 |
|
(c) Other
current liabilities |
746.356 |
591.572 |
510.592 |
|
(d) Short-term
provisions |
0.624 |
1.814 |
2.523 |
|
Total Current
Liabilities (4) |
1189.741 |
1010.117 |
851.492 |
|
|
|
|
|
|
TOTAL |
2023.359 |
1656.986 |
1553.858 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
1473.638 |
1156.172 |
1006.040 |
|
(ii)
Intangible Assets |
7.435 |
11.023 |
14.601 |
|
(iii) Tangible assets
capital work-in-progress |
143.033 |
127.866 |
115.688 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.100 |
0.100 |
0.100 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
98.636 |
89.522 |
134.926 |
|
(e) Other Non-current
assets |
16.070 |
1.262 |
11.039 |
|
Total Non-Current
Assets |
1738.912 |
1385.945 |
1282.394 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
0.934 |
0.934 |
0.925 |
|
(c) Trade
receivables |
16.673 |
16.653 |
18.424 |
|
(d) Cash and
bank balances |
173.627 |
169.145 |
180.971 |
|
(e)
Short-term loans and advances |
91.364 |
82.335 |
68.251 |
|
(f) Other
current assets |
1.849 |
1.974 |
2.893 |
|
Total
Current Assets |
284.447 |
271.041 |
271.464 |
|
|
|
|
|
|
TOTAL |
2023.359 |
1656.986 |
1553.858 |
PROFIT
& LOSS ACCOUNT (STANDALONE)
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
SALES |
|
|
|
|
|
Income |
1397.965 |
1116.123 |
981.249 |
|
|
Other Income |
48.109 |
99.721 |
33.078 |
|
|
TOTAL |
1446.074 |
1215.844 |
1014.327 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Purchases of
Stock-in-Trade |
3.217 |
0.772 |
13.777 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
0.000 |
(0.010) |
0.898 |
|
|
Employee benefit expense |
451.727 |
421.972 |
322.163 |
|
|
Other expenses |
615.965 |
687.421 |
621.929 |
|
|
TOTAL |
1070.909 |
1110.155 |
958.767 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
375.165 |
105.689 |
55.560 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
49.151 |
39.831 |
59.452 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
326.014 |
65.858 |
(3.892) |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
255.730 |
214.694 |
197.009 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
70.284 |
(148.836) |
(200.901) |
|
|
|
|
|
|
|
Less |
TAX |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
70.284 |
(148.836) |
(200.901) |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
1.48 |
(3.28) |
(4.44) |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Maturities of Long term debt |
6.633 |
0.000 |
70.550 |
|
|
|
|
|
|
Cash generated from operations |
NA |
NA |
NA |
|
|
|
|
|
|
Net cash flows from (used in) operations |
511.880 |
415.690 |
279.964 |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
507.200 |
405.660 |
269.674 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
4.35 |
5.45 |
6.85 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
83.85 |
67.02 |
53.26 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
36600.41 |
140130.21 |
5768.79 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
401.68 |
113.16 |
60.06 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.23 |
0.08 |
0.05 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.78 |
0.80 |
0.79 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
2.35 |
2.88 |
1.95 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
5.39 |
6.71 |
3.38 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
7.35 |
8.60 |
4.51 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
7.63 |
2.65 |
0.93 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
5.03 |
(13.34) |
(20.47) |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
3.47 |
(8.98) |
(12.93) |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
31.83 |
(98.86) |
(79.73) |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current
Assets / Current Liabilities) |
0.24 |
0.27 |
0.32 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.24 |
0.27 |
0.32 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.11 |
0.09 |
0.16 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
1.09 |
0.92 |
1.09 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
0.24 |
0.27 |
0.32 |
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 |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Share Capital |
452.866 |
473.454 |
473.454 |
|
Reserves & Surplus |
(200.901) |
(322.896) |
(252.612) |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
251.965 |
150.558 |
220.842 |
|
|
|
|
|
|
Long-term borrowings |
300.500 |
312.950 |
391.347 |
|
Short term borrowings |
120.633 |
120.346 |
120.176 |
|
Current maturities of
long-term debts |
70.550 |
0.000 |
6.633 |
|
Total
borrowings |
491.683 |
433.296 |
518.156 |
|
Debt/Equity
ratio |
1.951 |
2.878 |
2.346 |
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 |
981.249 |
1116.123 |
1397.965 |
|
|
|
13.745 |
25.252 |
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 |
981.249 |
1116.123 |
1397.965 |
|
Profit/ (Loss) |
(200.901) |
(148.836) |
70.284 |
|
|
(20.47
%) |
(13.34
%) |
5.03
% |
ABRIDGED
BALANCE SHEET (CONSOLIDATED)
|
SOURCES OF FUNDS |
|
31.03.2016 |
31.03.2015 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
473.454 |
473.454 |
|
(b) Reserves and Surplus |
|
(259.763) |
(329.514) |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
(d) Minority interest |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
213.691 |
143.940 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
391.347 |
312.950 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long-term
liabilities |
|
215.327 |
170.744 |
|
(d) long-term
provisions |
|
6.420 |
12.712 |
|
Total Non-current
Liabilities (3) |
|
613.094 |
496.406 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
|
120.176 |
120.346 |
|
(b) Trade
payables |
|
323.653 |
298.705 |
|
(c) Other
current liabilities |
|
748.873 |
591.856 |
|
(d) Short-term
provisions |
|
0.624 |
1.814 |
|
Total Current
Liabilities (4) |
|
1193.326 |
1012.721 |
|
|
|
|
|
|
TOTAL |
|
2020.111 |
1653.067 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
1473.936 |
1156.504 |
|
(ii)
Intangible Assets |
|
7.435 |
11.023 |
|
(iii) Tangible assets
capital work-in-progress |
|
143.033 |
127.866 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
|
99.796 |
90.635 |
|
(e) Other Non-current
assets |
|
16.070 |
1.262 |
|
Total Non-Current
Assets |
|
1740.270 |
1387.290 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
1.383 |
0.936 |
|
(c) Trade
receivables |
|
27.715 |
16.320 |
|
(d) Cash and
bank balances |
|
173.640 |
170.351 |
|
(e)
Short-term loans and advances |
|
75.254 |
76.196 |
|
(f) Other
current assets |
|
1.849 |
1.974 |
|
Total
Current Assets |
|
279.841 |
265.777 |
|
|
|
|
|
|
TOTAL |
|
2020.111 |
1653.067 |
PROFIT
& LOSS ACCOUNT (CONSOLIDATED)
|
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
|
1406.502 |
1128.384 |
|
|
Other Income |
|
48.214 |
99.752 |
|
|
TOTAL |
|
1454.716 |
1228.136 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Purchases of
Stock-in-Trade |
|
9.582 |
10.735 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
(0.447) |
(0.011) |
|
|
Employee benefit expense |
|
465.189 |
425.410 |
|
|
Other expenses |
|
601.677 |
684.095 |
|
|
TOTAL |
|
1076.001 |
1120.229 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
|
378.715 |
107.907 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
53.201 |
43.679 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
325.514 |
64.228 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
255.764 |
214.720 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE
TAX |
|
69.750 |
(150.492) |
|
|
|
|
|
|
|
Less |
TAX |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
|
69.750 |
(150.492) |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
1.47 |
(3.31) |
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 |
No |
|
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 |
BACKGROUND (AS ON 31.03.2016)
Subject was incorporated on 13 November 2000 as NetShastr Facilities India Private Limited for carrying on the business of providing infrastructure support to licensed telecommunications service providers, internet service providers by providing dark fibre, fixed links, and duct space. The Company also offers high-speed data and voice through the Internet to the retail and enterprises customer.
The Company changed its name to BG Broadband Networks India Private Limited vide fresh certificate of incorporation dated 29 June 2001.
Thereafter, the name of the Company was changed from BG Broadband Networks India Private Limited to YOU Broadband Networks India Private Limited vide a fresh certificate of incorporation dated 21 December 2006.
The Honorable High Court of Mumbai had approved the scheme of amalgamation of erstwhile YOU Telecom India Private Limited ("Merged Company") with YOU Broadband Networks India Private Limited on 11 April 2007 pursuant to Sections 391 to 394 and other applicable provisions of the Companies Act, 1956 with effect from the appointed date of 1 April 2006. Pursuant to the amalgamation, the name of YOU Broadband Networks India Private Limited changed to YOU Telecom India Private Limited w.e.f. 23 November 2007.
The Company changed its name to You Broadband and Cable India Private Limited vide fresh certificate of incorporation dated 17 November 2009. Thereafter, name of the Company changed from You Broadband and Cable India Private Limited to YOU Broadband and Cable India Limited vide a fresh certificate of incorporation dated 12 January 2010.
The Company has changed its name to You Broadband India Limited vide fresh certificate of incorporation dated 27 August 2013. Thereafter, name of the Company changed from You Broadband India Limited to YOU Broadband India Private Limited vide a fresh certificate of incorporation dated 4 September 2013.
The Company has changed its name from YOU Broadband India Private Limited to You Broadband India Limited vide fresh certificate of incorporation dated 21 December 2015.
FINANCIAL HIGHLIGHTS (AS ON 31.03.2016)
During the year the company grew its Income from Broadband operations (both Residential and) by almost 26% to INR 1382.700 Million on a like to like basis. This growth in revenue was a result of the addition to the subscribers base in both segments of its business. The company adopted a host of measures to increase usage of its services by its subscribers by offering very high speed plans at affordable rates, increasing WiFi Hotspots towards additional places of usage and enhancing process efficiencies in sales and retention by increasing on-line sales and renewals and introducing the innovative system of call and connect where a subscriber, in a building already wired, is connected in two hours from registration.
Furthermore, the Company persisted in its plan to increase on-line transactions with existing and new subscribers. Towards this, at the end of the year, online renewals were 65% of the total renewals as compared to about 59% in the previous year. Likewise, the Company also promoted sales on line which contributed to around 21% of the total on an installed basis.
The above steps were also very effective in increasing the longevity of the subscribers as evident from the subscriber churn as a percentage of average active subscriber base, improving by around 9%.
The revenue increase was consequent upon the strategy of the company to increase subscriber acquisition by adequately building up the sales team on one hand and improving retention on the other with the specific measures as explained earlier. Further, continued expansions in the existing cities of operations and in two new cities helped increase the reach and coverage of prospective homes. Towards this objective, the company invested in capital expenditure (capex) of INR 569.600 Million in augmenting its network reach and capacity and adding customer premise equipments, which was more than double the amount of capital expenditure in the previous year. The company deployed 6000 km of optic fibre cables in its existing cities of operations and the new cities, accompanied by switches and other electronics, which shall enable quick ramp up of subscribers in the future.
The above measures to increase its active subscriber base and grow revenues resulted in the company's EBITDA growing from INR 282.000 Million to INR 404.000 Million in the year, a growth of 43.3% over the previous year.
The Directors take pleasure in informing you that the Company has in the year, posted a profit of INR 70.200 Million, which in the previous year was a loss of INR 1490.000 Million.
UNSECURED LOANS:
(INR
In Million)
|
Particulars |
As
on 31.03.2016 |
As
on 31.03.2015 |
|
LONG TERM
BORROWING |
|
|
|
Rupee term loans from others |
391.347 |
312.950 |
|
Total |
391.347 |
312.950 |
FIXED ASSETS:
Tangible assets
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Computer equipments
- Office equipment
- Leasehold improvements
Intangible assets
- Goodwill
- Brands and trade marks
PRESS RELEASE
VODAFONE INDIA BUYS
YOU BROADBAND
Mumbai, April 24, 2016:
In an attempt to strengthen its presence in the home broadband segment, Vodafone India has acquired Mumbai-based internet service provider You Broadband for INR 3500.000-4000.000 Million. The companies are expected to announce the deal in the next few weeks.
Vodafone India and You Broadband did not respond to queries sent via email. Rothschild India and ICICI Securities, the advisors for the deal, also did not respond.
The deal has been in the making for the past six months and has now been concluded with Vodafone expected to make an announcement soon, according to sources who are aware of the development but declined to be identified.
The deal assumes significance in the light of the launch of broadband services by Reliance Jio later this year.
Gearing up
Incumbent operators are buying assets in a bid to cover their flanks from all sides before the Reliance juggernaut rolls.
Bharti Airtel, for instance, has been on a buying spree the past few months. It has signed two separate deals to acquire spectrum from Aircel and Videocon. Vodafone’s acquisition, on the other hand, will help it strengthen its fixed line broadband network in the consumer space.
Until now Vodafone’s fixed line unit was focused primarily on the enterprise segment. You Broadband has more than 3,000 km of optic fibre cable and 6,000 km of last mile co-axial cable network and employs about 1,400 people.
According to data available with TRAI, You Broadband had 0.500 Million subscribers as on January 2016. It is one of the few companies capable of offering triple play services.
This means, through one connection customers can access broadband, make voice calls through internet (VoIP), and watch videos. ‘
The company, set up in 2001 by British Gas as Iqara Broadband, is closely-held with financial backing from funds advised by TRG Management.
The company is a category A ISP and offers high-speed internet and voice services to home users, small businesses and corporate customers across 12 cities, including Hyderabad, Bengaluru, Chennai, Pune and Surat.
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 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 63.38 |
|
|
1 |
INR 86.02 |
|
Euro |
1 |
INR 76.50 |
INFORMATION DETAILS
|
Information
Gathered by : |
SAV |
|
|
|
|
Analysis Done by
: |
NIS |
|
|
|
|
Report Prepared
by : |
KVT |
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.