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|
|
MIRA INFORM REPORT
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Report No. : |
486427 |
|
Report Date : |
17.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
AU SMALL FINANCE BANK LIMITED [w.e.f.13.04.2017] |
|
|
|
|
Formerly Known
As : |
AU FINANCIERS (INDIA) LIMITED |
|
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|
Registered
Office : |
19-A,
Dhuleshwar Garden, Ajmer Road, Jaipur-302001, Rajasthan |
|
Mobile No.: |
91-9116621196 [Mr. Sunil Gupta] |
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|
Country : |
India |
|
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Financials (as
on) : |
31.03.2017 |
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Date of
Incorporation : |
10.01.1996 |
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Com. Reg. No.: |
17-011381 |
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Capital
Investment / Paid-up Capital : |
INR 2842.509 Million |
|
|
|
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CIN No.: [Company Identification
No.] |
L36911RJ1996PLC011381 |
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IEC 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.] |
Not Divulged |
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GST No.: |
Not Divulged |
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Legal Form : |
A Public Limited Liability Company. The Company’s Shares are Listed on
the Stock Exchanges. |
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Line of Business
: |
Subject is engaged into Lending Activities. [Registered
Activity] |
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No. of Employees
: |
8515 (Approximately) |
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 56788360 |
|
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|
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Status : |
Excellent |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 1996 as an NBFC (Non-Banking Financial Company). The company received a final approval from the Reserve Bank of India (RBI) for conversion to a SFB (Small Finance Bank) as on December 22, 2016, and it commenced its operation as a SFB from April 19, 2017. As on September 30, 2017, AU Small Finance Bank Limited initiated its distribution network at 301 branches, 113 asset centers, 23 offices and 287 ATMs across 11 states and one Union Territory. As per the financial of 2017, the subject has achieved a decent growth of 35.97% in its revenue as compared to the previous year’s revenue and has earned a favourable profitability margin of 59.83%. The company possesses strong financial position marked by robust net worth base along with average debt level and acceptable liquidity position. The company has its share price trading at around INR 707.50 on BSE as on January 15, 2018 as against the Face Value (FV) of INR 10. Rating takes into consideration the equity infused by its promoters. In a bid to provide banking services, training and employment opportunities to the students AU Small Finance Bank has entered into a Memorandum of Understanding (MoU) with Institute of Company Secretaries of India on December 17, 2017. The bank recently also entered into an agreement with Asset Management Companies (AMCs) to enable distribution of its mutual fund schemes. Reportedly, the bank has collaborated with 11 mutual funds namely-HDFC Mutual Fund, ICICI Prudential Mutual Fund, Kotak Mutual Fund, Reliance Mutual Fund, SBI Mutual Fund, Aditya Birla Sun Life Mutual Fund, DSP BlackRock Mutual Fund, Axis Mutual Fund, Franklin Templeton Mutual Fund, Motilal Oswal Mutual Fund and Mirae Asset Mutual Fund. AU Small Finance Bank Limited has also announced signing a MoU with Sahaj e-Village for extending its banking service in remote areas through Business Correspondent Agent (BC) model. With this MoU, AU Small Finance Bank Limited will be able to provide banking at 90+ new locations that did not have banking access hitherto and expand our customer outreach to over 500+ locations by March 2018". Business is active. Payments are reported to be regular and as per commitments. In view of aforesaid, the subject can be considered for business dealings at usual trade terms and condition. |
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 |
|
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 |
CRISIL |
|
Rating |
Long Term Loans = A+ |
|
Rating Explanation |
Adequate degree of safety and low credit risk |
|
Date |
06.12.2017 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Loans = A1+ |
|
Rating Explanation |
Very strong degree of safety and carry lowest credit risk |
|
Date |
06.12.2017 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2016.
BIFR (Board for Industrial & Financial Reconstruction) LISTING STATUS
Subject’s name is not listed as a Sick Unit in
the publicly available BIFR (Board for Industrial & Financial
Reconstruction) list as of 17.01.2018
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. Sunil Gupta |
|
Designation : |
Manager |
|
Contact No.: |
91-9116621196 |
|
Date : |
14.01.2018 |
LOCATIONS
|
Registered Office : |
19-A,
Dhuleshwar Garden, Ajmer Road, Jaipur-302001, Rajasthan,
India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9116621196 [Mr. Sunil Gupta] |
|
Fax No.: |
Not Available |
|
E-Mail : |
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Website : |
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|
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Head Office : |
Bank House, Mile 0, Ajmer Road, Jaipur – 302001,
Rajasthan, India |
|
|
|
|
Corporate Office : |
5th Floor, E- Wing, Kanakia Zillion, Junction of CST Road
& LBS Marg, Kurla (West) Mumbai- 400070, Maharashtra, India |
|
|
|
|
Branch Offices : |
Located at: · Bhilai · Bilaspur · Dhamtari · Korba · Raipur · Delhi · Margao Goa · Ahmedabad · Anand · Ankleshwar · Baroda · Bavla · Bayad · Bhavnagar · Bhuj · Bodeli · Borsad · Dahod · Deesa · Deodhar · Dhanera · Gandhidham · Gandhinagar · Godhra · Himmat Nagar · Idar · Jamnagar · Jetpur · Junagarh · Kalol · Kathal · Lunawada · Mehsana · Modasa · Morbi · Nadiad · Navsari · Palanpur · Patan · Rajkot · Surat · Surendranagr · Tharad · Vadodara · Vapi · Ambala · Dabawali · Faridabad · Gurgaon · Hisar · Kaithal · Karnal · Kurukshetra · Narnaul · Panipath · Pataudi · Rewari · Sirsa · Yamunanagar · Baddi · Shimla · Solan · Una · Ghaziabad · Noida · Madhya Pradesh · Maharashtra · Punjab · Rajasthan |
|
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Mid Office : |
AU Square, B-11 E,
Malviya Nagar Industrial Area, Jaipur-302017, Rajasthan,
India |
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IT & Ops Office
: |
AU Center, 5th Floor, Sunny Trade Centre, New Aatish Market, Gopalpura, Bypass, Jaipur-302020, Rajasthan, India |
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|
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Offices: |
Located at: · Chhattisgarh · Delhi · Goa · Gujarat · Haryana · Himachal Pradesh · Madhya Pradesh · Maharashtra · Punjab · Rajasthan ·
Uttar Pradesh |
|
|
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Asset Centre : |
Located at: · Chhattisgarh · Delhi · Goa · Gujarat · Haryana · Himachal Pradesh · Madhya Pradesh · Maharashtra · Punjab · Rajasthan ·
Uttar Pradesh |
DIRECTORS
AS ON: 31.03.2017
|
Name : |
Mr. Sanjay Agarwal |
|
Designation : |
Managing Director |
|
Address : |
D -111, Yasoda Path Shyam Nagar Jaipur 302019, Rajasthan, India |
|
Date of Appointment : |
22.01.2003 |
|
DIN No.: |
00009526 |
|
|
|
|
Name : |
Mr. Krishan Kant Rathi |
|
Designation : |
Managing Director |
|
Address : |
B/72, Dakshina Park, Plot No.15,N.S.Road, 10th JVPD Scheme, Mumbai 400049, Maharashtra, India |
|
Date of Appointment : |
18.03.2008 |
|
DIN No.: |
00040094 |
|
|
|
|
Name : |
Mr. Mannil Venugopalan |
|
Designation : |
Director |
|
Address : |
Mannil House, House No. 17/229 Thalakkolly Desom Ernakulam Aluva 683102, Kerala, India |
|
Date of Appointment : |
30.05.2013 |
|
DIN No.: |
00255575 |
|
|
|
|
Name : |
Mrs. Jyoti Ishwar Chandra Narang |
|
Designation : |
Director |
|
Address : |
301, President House Colaba, Mumbai 400005, Maharashtra, India |
|
Date of Appointment : |
30.03.2015 |
|
DIN No.: |
00351187 |
|
|
|
|
Name : |
Mr. Uttam Tibrewal |
|
Designation : |
Wholetime Director |
|
Address : |
F-19 Ram Path Near CLC Institute Shyam Nagar EXT, Sodala, Jaipur Ram Nagar, Extension Jaipur 302019, Rajasthan, India |
|
Date of Appointment : |
22.01.2005 |
|
DIN No.: |
01024940 |
KEY EXECUTIVES
|
Name : |
Mr. Manmohan Parnami |
|
Designation : |
Company Secretary |
|
Address : |
Q. No. 301, Gurunanak Pura, Adarsh Nagar, Jaipur-302004, Rajasthan, India |
|
Date of Appointment : |
02.08.2008 |
|
PAN No.: |
AHFPP5775R |
|
|
|
|
Name : |
Mr. Deepak Jain |
|
Designation : |
Chief Finance Officer |
|
Address : |
D-22,Ratnam.Lavkush Marg,Hanuman Nagar D-Block,Vaishali Nagar, Jaipur-302021, Rajasthan, India |
|
Date of Appointment : |
23.05.2014 |
|
PAN No.: |
ABKPJ0287B |
|
|
|
|
Name : |
Mr. Sunil Gupta |
|
Designation : |
Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON: 30.09.2017
|
Category of shareholder |
Total nos. shares held |
Shareholding as a % of total no. of shares (calculated
as per SCRR, 1957)As a % of (A+B+C2) |
|
|
(A) Promoter &
Promoter Group |
93426462 |
32.87 |
|
|
(B) Public |
190824444 |
67.13 |
|
|
Grand Total |
284250906 |
100.00 |
Statement showing
shareholding pattern of the Promoter and Promoter Group
|
Category of shareholder |
Total nos. shares held |
Shareholding as a % of total no. of shares (calculated
as per SCRR, 1957)As a % of (A+B+C2) |
|
|
A1) Indian |
0.00 |
||
|
Individuals/Hindu
undivided Family |
86542740 |
30.45 |
|
|
SANJAY AGARWAL |
55982359 |
19.69 |
|
|
JYOTI AGARWAL |
11818560 |
4.16 |
|
|
SHAKUNTALA AGARWAL |
11820430 |
4.16 |
|
|
CHIRANJI LAL
AGARWAL |
6829321 |
2.40 |
|
|
CHANDA DEVI KEDIA |
28817 |
0.01 |
|
|
SRIKANT KEDIA |
28768 |
0.01 |
|
|
SURESHCHAND KEDIA |
28767 |
0.01 |
|
|
MANOJ KUMAR
AGARWAL |
5718 |
0.00 |
|
|
Any Other
(specify) |
6883722 |
2.42 |
|
|
MYS HOLDINGS
PRIVATE LIMITED |
6883722 |
2.42 |
|
|
Sub Total A1 |
93426462 |
32.87 |
|
|
A=A1+A2 |
93426462 |
32.87 |
Statement showing
shareholding pattern of the Public shareholder
|
Category & Name of the Shareholders |
Total no. shares held |
Shareholding % calculated as per SCRR, 1957
As a % of (A+B+C2) |
|
|
B1) Institutions |
0.00 |
||
|
Mutual Funds/ |
19070337 |
6.71 |
|
|
Sbi Magnum
Balanced Fund |
4234585 |
1.49 |
|
|
Motilal Oswal Most
Focused Multicap 35 Fund |
3468126 |
1.22 |
|
|
Alternate
Investment Funds |
1862148 |
0.66 |
|
|
Foreign Portfolio
Investors |
18300579 |
6.44 |
|
|
Amansa Holdings
Private Limited |
3456518 |
1.22 |
|
|
Financial
Institutions/ Banks |
114015 |
0.04 |
|
|
Insurance
Companies |
7854096 |
2.76 |
|
|
SBI LIFE INSURANCE
CO. LTD |
4857144 |
1.71 |
|
|
Sub Total B1 |
47201175 |
16.61 |
|
|
B2) Central
Government/ State Government(s)/ President of India |
0.00 |
||
|
B3)
Non-Institutions |
0.00 |
||
|
Individual share
capital up to INR 0.200 million |
12534288 |
4.41 |
|
|
Individual share
capital in excess of INR 0.200 million |
19406265 |
6.83 |
|
|
Any Other
(specify) |
111682716 |
39.29 |
|
|
Trusts |
21025 |
0.01 |
|
|
HUF |
613657 |
0.22 |
|
|
Foreign Company |
89258529 |
31.40 |
|
|
Redwood Investment
Ltd |
44970794 |
15.82 |
|
|
International
Finance Corporation |
22716509 |
7.99 |
|
|
Labh Investments
Limited |
10787530 |
3.80 |
|
|
Ourea Holdings
Limited |
10783696 |
3.79 |
|
|
Non Resident
Indians (Non Repat) |
1969757 |
0.69 |
|
|
Non Resident
Indians (Repat) |
417388 |
0.15 |
|
|
Clearing Members |
553517 |
0.19 |
|
|
Bodies Corporate |
18848843 |
6.63 |
|
|
Icici Prudential
Life Insurance Company Limited |
4857144 |
1.71 |
|
|
Motilal Oswal Sec.
Ltd |
3281796 |
1.15 |
|
|
Sub Total B3 |
143623269 |
50.53 |
|
|
B=B1+B2+B3 |
190824444 |
67.13 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged into Lending Activities. [Registered
Activity] |
|
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|
Logo : |
“AU Bank” |
|
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Agencies Held : |
Not Divulged |
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Exports : |
Not Divulged |
|
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|
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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
|
Suppliers : |
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Customers : |
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No. of Employees : |
8515 (Approximately) |
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Bankers : |
· HDFC Bank Limited HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai-400013, Maharashtra, India · IDBI Trusteeship Services Limited Asian Building, Ground Floor, 17 R. Kamani Marg, Ballard Estate, Mumbai-400001, Maharashtra, India · National Bank for Agriculture And Rural Development Rajasthan Regional Office 3, Nehru Place, Tonk Road, Jaipur-302015, Rajasthan, India |
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Facilities : |
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Auditors : |
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|
Name : |
S.R. Batliboi and Associates LLP Chartered Accountants |
|
Address : |
Golf View, Corporate Tower B, Sector 42, Sector Road,
Gurgaon-122002, Haryana, India |
|
|
|
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Secretarial Auditors : |
|
|
Name : |
V. M. and Associates Company Secretaries |
|
Address : |
403, Royal World, S.C. Road, Jaipur - 302001 Rajasthan,
India |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
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|
Subsidiaries : |
· Aavas Financiers Limited (formerly known as Au Housing Finance Limited) (Upto June 22, 2016) ·
Index Money Limited (upto June 16, 2016) |
|
|
|
|
Other related parties with whom transactions have been taken place
during the year : |
· AU Insurance Broking Services Private Limited [Up to December 8, 2016] · M Power Micro Finance Private Limited (Upto September 7, 2016) |
|
|
|
|
Enterprises over which Key management personnel has significant
influence : |
M Power Micro Finance Private Limited |
CAPITAL STRUCTURE
AFTER: 27.09.2017
Authorised Capital: INR 3500.000 Million
Issued, Subscribed & Paid-up Capital: INR 2856.230
Million
AS ON: 31.03.2017
Authorised Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
350000000 |
Equity Shares |
INR 10/- each |
INR 3500.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
284250906 |
Equity Shares |
INR 10/- each |
INR 2842.509
Million |
|
|
|
|
|
Reconciliation of the
shares outstanding at the beginning and at the end of the reporting year
|
Equity Shares |
As at March 31, 2017 |
|
|
No. of Shares |
INR in Million |
|
|
At the beginning of the year |
44080752 |
440.808 |
|
Add: Issued during the year - Share issue |
11544399 |
115.444 |
|
Add: Issued during the year - Bonus issue |
228625755 |
2286.257 |
|
Outstanding at the
end of the year |
284250906 |
2842.509 |
Terms/ rights attached
to equity shares
The Company has only one class of equity shares having par
value of INR 10 per share. Each holder of equity shares is entitled to one vote
per share. In the event of liquidation of the Company, the holders of equity
shares will be entitled to receive remaining assets of the Company, after
distribution of all preferential amounts. The distribution will be in
proportion to the number of equity shares held by the shareholders.
Details of
shareholders holding more than 5% shares in the Company
|
Equity Shares [Name
of the Shareholders] |
As at March 31, 2017 |
|
|
No. of Shares |
% Holding |
|
|
Redwood Investment Ltd |
59770794 |
21.03 |
|
Sanjay Agarwal |
58477128 |
20.57 |
|
International Finance Corporation |
30288678 |
10.66 |
|
Labh Investments Limited |
22537530 |
7.93 |
|
Ourea Holdings Limited |
21149064 |
7.44 |
|
Jyoti Agarwal |
14182272 |
4.99 |
|
Shakuntala Agarwal |
1409756 |
4.96 |
As per records of the company including in register of shareholders/ members
and other declaration received from shareholders regarding beneficial interest,
the above shareholding represents both legal and beneficial ownership of
shares.
Aggregate number
of bonus shares issued during the period of five years immediately preceding
the reporting date
|
Particulars |
As at March 31,
2017 |
|
Equity shares allotted as fully paid bonus shares by
capitalization of securities premium |
228625755 |
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
2842.509 |
440.808 |
440.808 |
|
(b) Reserves & Surplus |
17033.417 |
9653.543 |
7666.755 |
|
(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) |
19875.926 |
10094.351 |
8107.563 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
49367.363 |
28108.517 |
15795.665 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c)
Other long term liabilities |
591.402 |
567.340 |
431.025 |
|
(d)
long-term provisions |
685.673 |
444.430 |
386.962 |
|
Total
Non-current Liabilities (3) |
50644.438 |
29120.287 |
16613.652 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
9940.457 |
10065.755 |
9726.358 |
|
(b)
Trade payables |
0.000 |
0.000 |
0.000 |
|
(c)
Other current liabilities |
17579.625 |
13444.827 |
5732.088 |
|
(d)
Short-term provisions |
76.545 |
216.980 |
173.739 |
|
Total
Current Liabilities (4) |
27596.627 |
23727.562 |
15632.185 |
|
|
|
|
|
|
TOTAL |
98116.991 |
62942.200 |
40353.400 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
345.590 |
224.613 |
172.259 |
|
(ii)
Intangible Assets |
14.210 |
17.447 |
12.879 |
|
(iii)
Capital work-in-progress |
1598.276 |
3.914 |
4.658 |
|
(iv) Intangible assets under development |
800.375 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
6152.188 |
593.424 |
1126.525 |
|
(c) Deferred tax assets
(net) |
119.360 |
183.619 |
145.637 |
|
(d) Long-term Loan
and Advances |
367.846 |
88.515 |
117.535 |
|
(e)
Other Non-current assets |
9.523 |
64.481 |
54.351 |
|
(f)Receivable under financing activity |
45177.789 |
37804.548 |
22481.632 |
|
Total
Non-Current Assets |
54585.157 |
38980.561 |
24115.476 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
15350.953 |
1722.266 |
271.870 |
|
(b)
Inventories |
0.000 |
0.000 |
0.000 |
|
(c)
Trade receivables |
0.000 |
0.000 |
0.000 |
|
(d)
Cash and cash equivalents |
6244.968 |
1234.336 |
2029.229 |
|
(e)
Short-term loans and advances |
531.023 |
210.144 |
138.655 |
|
(f)
Other current assets |
632.822 |
473.806 |
296.135 |
|
(g)Receivable under financing activity |
20772.068 |
20321.087 |
13502.035 |
|
Total
Current Assets |
43531.834 |
23961.639 |
16237.924 |
|
|
|
|
|
|
TOTAL |
98116.991 |
62942.200 |
40353.400 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
13739.096 |
10104.637 |
7039.203 |
|
|
|
Other Income |
135.280 |
50.180 |
23.887 |
|
|
|
TOTAL |
13874.376 |
10154.817 |
7063.090 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Employees benefits expense |
1927.780 |
1577.267 |
945.158 |
|
|
|
Other expenses |
1503.751 |
875.232 |
543.399 |
|
|
|
Provisions and write offs |
651.756 |
438.104 |
605.905 |
|
|
|
Exceptional Item |
(6703.489) |
0.000 |
0.000 |
|
|
|
TOTAL |
(2620.202) |
2890.603 |
2094.462 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
16494.578 |
7264.214 |
4968.628 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
5003.330 |
3952.521 |
2819.727 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
11491.248 |
3311.693 |
2148.901 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
57.830 |
85.209 |
65.151 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
11433.418 |
3226.484 |
2083.750 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
3213.657 |
1110.289 |
681.404 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
8219.761 |
2116.195 |
1402.346 |
|
|
|
|
|
|
|
|
|
|
Earnings per equity
share (including exceptional item) |
|
|
|
|
|
|
Basic |
30.18 |
8.00 |
32.03 |
|
|
|
Diluted |
29.61 |
7.95 |
32.03 |
|
|
|
Earnings per equity
share (excluding exceptional item) |
|
|
|
|
|
|
Basic |
11.20 |
8.00 |
32.03 |
|
|
|
Diluted |
10.99 |
7.95 |
32.03 |
|
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities
of Long Term Borrowings |
|
|
|
|
Secured |
|
|
|
|
Debentures |
2825.000 |
4825.000 |
825.000 |
|
Term Loan from banks |
2109.790 |
2179.140 |
2076.974 |
|
Term Loan from financial institutions |
4246.667 |
1035.353 |
259.920 |
|
Term Loan from non-banking financial institutions |
404.705 |
105.263 |
45.417 |
|
Term Loan from Insurance Company |
150.000 |
150.000 |
0.000 |
|
Auto Loan from banks |
15.790 |
6.099 |
2.763 |
|
Auto Loan from non-banking financial companies |
0.000 |
1.028 |
1.005 |
|
Unsecured |
|
|
|
|
Debentures |
1550.000 |
1300.000 |
0.000 |
|
Term Loan From Banks |
100.000 |
50.000 |
50.000 |
|
Total |
11401.952 |
9651.883 |
3261.079 |
|
|
|
|
|
|
Cash generated from/(used in) operations |
(1751.651) |
(18358.783) |
(7509.736) |
|
|
|
|
|
|
Net Cash flow from (used in) operations Activities |
(4955.546) |
(19380.316) |
(8108.092) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
5.98 |
29.53 |
26.18 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.90 |
0.98 |
0.86 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
3.56 |
4.74 |
3.55 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
1.39 |
2.35 |
1.93 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.14 |
0.02 |
0.02 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
3.30 |
1.84 |
1.76 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
59.83 |
20.94 |
19.92 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
8.38 |
3.36 |
3.48 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
41.36 |
20.96 |
17.30 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.58 |
1.01 |
1.04 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
1.58 |
1.01 |
1.04 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.20 |
0.16 |
0.20 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
24.88 |
108.50 |
65.30 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.58 |
1.01 |
1.04 |
Total
Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term
debts
STOCK
PRICES
|
Face Value |
INR 10.00/- |
|
|
|
|
Market Value |
INR 707.50/- |
FINANCIAL ANALYSIS
[all figures are
in INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Share Capital |
440.808 |
440.808 |
2842.509 |
|
Reserves & Surplus |
7666.755 |
9653.543 |
17033.417 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
8107.563 |
10094.351 |
19875.926 |
|
|
|
|
|
|
long-term borrowings |
15795.665 |
28108.517 |
49367.363 |
|
Short term borrowings |
9726.358 |
10065.755 |
9940.457 |
|
Current Maturities of Long
term debt |
3261.079 |
9651.883 |
11401.952 |
|
Total
borrowings |
28783.102 |
47826.155 |
70709.772 |
|
Debt/Equity
ratio |
3.550 |
4.738 |
3.558 |
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 |
7039.203 |
10104.637 |
13739.096 |
|
|
|
43.548 |
35.968 |
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 |
7039.203 |
10104.637 |
13739.096 |
|
Profit/ (Loss) |
1402.346 |
2116.195 |
8219.761 |
|
|
19.92% |
20.94% |
59.83% |
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 |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
Yes |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
INDEX OF CHARGES
|
CHARGES REGISTERED |
||||||||
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
G42319897 |
100093528 |
HDFC BANK LIMITED |
31/03/2017 |
- |
- |
1080000.0 |
HDFC BANK HOUSE, SENAPATI BAPAT MARGLOWER PAREL (WEST)MUMBAIMH400013IN |
|
2 |
G42320655 |
100093529 |
HDFC BANK LIMITED |
31/03/2017 |
- |
- |
1240000.0 |
HDFC BANK HOUSE, SENAPATI BAPAT MARGLOWER PAREL (WEST)MUMBAIMH400013IN |
|
3 |
G55351530 |
100093532 |
HDFC BANK LIMITED |
30/03/2017 |
29/09/2017 |
- |
1120000.0 |
HDFC BANK HOUSE, SENAPATI BAPAT MARGLOWER PAREL (WEST)MUMBAIMH400013IN |
|
4 |
G41619370 |
100091730 |
HDFC BANK LIMITED |
23/03/2017 |
- |
- |
890000.0 |
HDFC BANK HOUSE, SENAPATI BAPAT MARGLOWER PAREL (WEST)MUMBAIMH400013IN |
|
5 |
G42195065 |
100101678 |
IDBI TRUSTEESHIP SERVICES LIMITED |
22/03/2017 |
- |
- |
1500000000.0 |
ASIAN BUILDING, GROUND FLOOR17 R. KAMANI MARG BALLARD ESTATEMUMBAIMH400001IN |
|
6 |
G42326439 |
100101682 |
IDBI TRUSTEESHIP SERVICES LIMITED |
21/03/2017 |
- |
- |
4900000000.0 |
ASIAN BUILDING, GROUND FLOOR17 R. KAMANI MARG BALLARD ESTATEMUMBAIMH400001IN |
|
7 |
G40193666 |
100087960 |
NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT |
20/03/2017 |
- |
- |
4900000000.0 |
RAJASTHAN REGIONAL OFFICE3, NEHRU PLACE, TONK ROADJAIPURRJ302015IN |
|
8 |
G42209809 |
100101680 |
IDBI TRUSTEESHIP SERVICES LIMITED |
17/03/2017 |
- |
- |
4500000000.0 |
ASIAN BUILDING, GROUND FLOOR17 R. KAMANI MARG BALLARD ESTATEMUMBAIMH400001IN |
|
9 |
G42195743 |
100101677 |
IDBI TRUSTEESHIP SERVICES LIMITED |
15/03/2017 |
- |
- |
2000000000.0 |
ASIAN BUILDING, GROUND FLOOR17 R. KAMANI MARG BALLARD ESTATEMUMBAIMH400001IN |
|
10 |
G39499090 |
100089423 |
IDBI TRUSTEESHIP SERVICES LIMITED |
10/03/2017 |
- |
- |
1700000000.0 |
ASIAN BUILDING, GROUND FLOOR17 R. KAMANI MARG BALLARD ESTATEMUMBAIMH400001IN |
UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND HALF
YEAR ENDED 30.09.2017
(INR IN MILLION
|
Particulars |
Quarter Ended 30.09.2017 |
Quarter Ended 30.06.2017 |
Half Year Ended 30.09.2017 |
|
|
(Unaudited) |
(Unaudited) |
(Unaudited) |
|
Interest Earned |
4102.915 |
3609.809 |
7712.724 |
|
Interest / discount advances/ bills |
2825.328 |
2413.018 |
5238.346 |
|
Income on investment |
291.638 |
241.378 |
533.016 |
|
Interest on balances with Reserve Bank of India and Other Inter Bank
Funds |
141.295 |
150.272 |
291.567 |
|
Others |
844.654 |
805.141 |
1649.795 |
|
Other Income |
974.189 |
578.665 |
155.854 |
|
Total Income |
5077.149 |
4188.474 |
9265.578 |
|
Interest Expanded |
1906.283 |
1775.063 |
3681.346 |
|
Operating expenses |
1730.653 |
1168.837 |
2899.490 |
|
Employee cost |
1000.056 |
710.524 |
1710.580 |
|
Other operating expenses |
730.597 |
458.313 |
1188.910 |
|
Total Expenditure |
3636.936 |
2943.900 |
6580.836 |
|
Operating profit before provisions and
contingencies |
1440.168 |
1244.574 |
2684.742 |
|
Provision and contingent |
409.589 |
291.046 |
700.635 |
|
Exceptional Items |
0.000 |
0.000 |
0.000 |
|
Profit from ordinary activities before Tax |
1030.579 |
953.528 |
1984.107 |
|
Tax
expense |
348.157 |
335.212 |
683.369 |
|
Net profit from ordinary activities after
tax |
682.422 |
618.316 |
1300.738 |
|
Extraordinary Items |
0.000 |
0.000 |
0.000 |
|
Net profit for the period |
682.422 |
618.316 |
1300.738 |
|
Paid - up Equity Share Capital (Face value of INR 10/- per share) |
2842.509 |
2842.509 |
2842.509 |
|
Reserves excluding revaluation reserves |
|
|
|
|
|
|
|
|
|
Analytical Ratio |
|
|
|
|
Percentage of shares held by Government of India |
-- |
-- |
-- |
|
Capital adequacy ratio-Base II |
20.60 |
19.77 |
20.60 |
|
Earnings Per Share |
|
|
|
|
Earnings Per Share [Including Exceptional
Item] [Not Annualised] |
|
|
|
|
Basic |
2.40 |
2.18 |
4.58 |
|
Diluted |
2.34 |
2.12 |
4.46 |
|
Earnings Per Share [Excluding Exceptional
Item] [Not Annualised] |
|
|
|
|
Basic |
2.40 |
2.18 |
4.58 |
|
Diluted |
2.34 |
2.12 |
4.46 |
|
NPA Ratio |
|
|
|
|
Gross NPAs |
26581.07 |
21662.84 |
26581.07 |
|
Net NPAs |
17865.89 |
15473.87 |
17865.89 |
|
% of Gross NPAs to Gross Advances |
3.08 |
2.98 |
3.08 |
|
% of Net NPAs to Net Advances |
2.09 |
2.15 |
2.09 |
|
Return on assets [average] [Excluding Exceptional Item] [Not
Annualised] |
0.45 |
0.43 |
0.88 |
SEGMENT WISE REVENUE, RESULTS AND CAPITAL EMPLOYED
|
Particulars |
Quarter Ended 30.09.2017 |
Quarter Ended 30.06.2017 |
Half Year Ended 30.09.2017 |
|
|
(Unaudited) |
(Unaudited) |
(Unaudited) |
|
|
|
|
|
|
1] Segment Revenue |
|
|
|
|
Treasury |
455.118 |
546.926 |
1002.044 |
|
Retail Banking |
3941.359 |
2984.177 |
6925.535 |
|
Wholesale
Banking |
680.628 |
657.371 |
1337.999 |
|
Unallocated |
0.000 |
0.000 |
0.000 |
|
Less: Inter Segment Revenue |
0.000 |
0.000 |
0.000 |
|
Income from Operations |
5077.105 |
4188.474 |
9265.578 |
|
|
|
|
|
|
2] Segment Results |
|
|
|
|
Treasury |
220.980 |
274.480 |
495.460 |
|
Retail Banking |
1294.334 |
1001.937 |
2296.271 |
|
Wholesale
Banking |
177.644 |
131.160 |
308.804 |
|
Unallocated
Expenses |
662.381 |
454.048 |
1116.429 |
|
Income Tax Expenses
[Including Differed Tax] |
348.157 |
335.211 |
683.368 |
|
Extraordinary
Profit/ Loss |
0.000 |
0.000 |
0.000 |
|
Net Profit |
682.420 |
618.318 |
1300.738 |
|
|
|
|
|
|
Segment Assets |
|
|
|
|
Treasury |
28162.478 |
30661.883 |
28162.478 |
|
Retail Banking |
67517.073 |
54623.056 |
67517.073 |
|
Wholesale
Banking |
22160.870 |
18257.839 |
22160.870 |
|
Unallocated |
5483.054 |
6185.484 |
5483.054 |
|
Total Assets |
123323.475 |
109728.262 |
123323.475 |
|
|
|
|
|
|
Segment Liabilities |
|
|
|
|
Treasury |
5567.396 |
9319.911 |
5567.396 |
|
Retail Banking |
66786.253 |
59065.243 |
66786.253 |
|
Wholesale
Banking |
27906.462 |
19083.835 |
27906.462 |
|
Unallocated Liabilities |
1936.642 |
1780.438 |
1936.642 |
|
Capital and
Other Reserves |
21126.722 |
20478.835 |
21126.722 |
|
Total Labilities |
123323.475 |
109728.262 |
123323.475 |
STANDALONE STATEMENT OF ASSETS AND LIABILITIES
|
Particulars |
30.09.2017 |
|
CAPITAL AND LIABILITIES |
|
|
Capital |
2842.509 |
|
Reserve
and Surplus |
18284.221 |
|
Deposits |
19784.666 |
|
Borrowings |
74424.102 |
|
Other
Labilities and Provisions |
7987.977 |
|
TOTAL
|
123323.475 |
|
|
|
|
ASSETS |
|
|
Cash and Balances with RBI |
3132.166 |
|
Balances with
Banks and Money at call and short Notice |
8844.857 |
|
Investments |
19784.680 |
|
Advances |
85350.809 |
|
Fixed Assets |
3932.386 |
|
Other Assets |
2278.5777 |
|
TOTAL
|
123323.475 |
NOTES:
1. The above results have been reviewed by the Audit Committee and approved by the Board of Directors of the Bank at their respective meetings held on October 27th, 2017, in accordance with the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The results for the quarter and half year ended September 30th, 2017 are subjected to a limited review by the statutory auditors of the Bank.
2. These unaudited financial results of the Bank have been prepared in accordance with the Banking Regulations Act, 1949, generally accepted accounting principles in India, including Accounting Standards as prescribed under Section 133 of the Companies Act 2013, Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements), 2015 and the guidelines issued by the Reserve Bank of India (RBI).
3. Other income includes processing fee and other charges collected, profit on sale of mutual fund, recovery from loans written off, income from dealing in Priority Sector Lending Certificates (PSLC) etc.
4. The Bank has changed its name to AU Small Finance Bank Limited with effect from April 13th, 2017 and commenced its operations as a Small Finance Bank from April 19, 2017 pursuant to the approval received from the Reserve Bank of India dated December 20th, 2016.
5. NPA ratios computed including the off-balance sheet loans and advances in the total outstanding (denominator) are as given below :
|
Particulars |
Quarter Ended 30.09.2017 |
Quarter Ended 30.06.2017 |
Half Year Ended 30.09.2017 |
|
|
(Unaudited) |
(Unaudited) |
(Unaudited) |
|
% of Gross NPAs to Gross Advances |
2.15% |
1.93% |
1.64% |
|
% of Net NPAs to Net Advances |
1.46 |
1.39 |
1.20 |
- Return on assets is
expressed as a percentage of average total assets (including off-balance
sheet loans and advances). The return on assets (including exceptional
item) is as given below :
|
Particulars |
Quarter Ended 30.09.2017 |
Quarter Ended 30.06.2017 |
Half Year Ended 30.09.2017 |
|
|
(Unaudited) |
(Unaudited) |
(Unaudited) |
|
Return on assets [average] [Including Exceptional Items [Not Annualized] |
0.45% |
0.43% |
0.76% |
7. Business Segments have been identified and reported taking into account the internal business reporting system and the guidelines prescribed by RBI for the period ended September 30th, 2017 and June 30th, 2017. For the year ended March 31st, 2017 and the quarter ended September 30th, 2016 respectively, the Bank operated in a single business segment i.e. lending to borrowers having similar risks and returns for the purpose of AS 17 on 'Segment Reporting1 specified under section 133 of the Companies act 2013, read with rule 7 of the Companies (Accounting Standards) Amendment Rules, 2016. The Bank operates in a single geographical segment i.e. domestic.
8. The Capital adequacy ratio ("CAR") as on September 30th, 2017 and June 30th, 2017 has been computed as per applicable Basel II requirements In accordance with RBI Master Circular No. DBOD.BP.BC 9/21.06.001/2013-14 dated July 01st, 2013, on prudential guidelines on Capital adequacy ratio and market discipline-New Capital adequacy framework (NCAF). The CAR as at March 31st, 2017 and September 30th, 2016 were computed based on RBI guidelines as applicable to NBFCs, hence the same are not comparable with the CAR as at September 30th, 2017 reported above.
9. Consequent to commencement of operations by the Bank as a small finance bank, the Bank has revised its estimates related to provisioning and write off of loan portfolio. As a result of such change, the profit for the current period is higher by Rs. 1,201.14 lacs. The Bank has adopted a policy for maintaining higher provisioning and write offs as compared to the minimum provision requirements of the RBI Master Circular on Prudential Norms issued vide Notification No. RBI/2015-16/101 DBR.No.BP.BC.2/21.04.048/ 2015-16 dated July 01, 2015 as applicable to banks.
10. Exceptional items represents profit on sale of investments in subsidiaries and associate companies net of related expenses accrued in the respective periods.
11. Since the Bank is presenting its quarterly results from quarter ended June 30th, 2017, the comparative figures for the corresponding quarter ended September 30th, 2016 have not been reviewed by the auditors.
12. Previous periods / year figures have been regrouped where necessary to conform to current period presentation.
UNSECURED LOANS
|
PARTICULARS |
31.03.2017 (INR
In Million) |
31.03.2016 (INR
In Million) |
|
LONG-TERM BORROWINGS |
|
|
|
Redeemable Non - Convertible Debentures (Sub-ordinated debts) |
2450.000 |
2900.000 |
|
Redeemable Non - Convertible Debentures |
8000.000 |
1100.000 |
|
Term loans |
|
|
|
Banks
(Sub-ordinated debts) |
|
|
|
ICICI Bank Limited |
300.000 |
400.000 |
|
|
|
|
|
SHORT TERM BORROWINGS |
|
|
|
Commercial paper
issued to banks |
|
|
|
HDFC Bank Limited |
2623.135 |
740.169 |
|
DOHA Bank |
241.800 |
0.000 |
|
Commercial paper
issued to Mutual Funds |
|
|
|
Bajaj Allianz Life Insurance Company Ltd. |
249.294 |
235.386 |
|
Birla Sun Life Insurance Company Limited |
249.294 |
0.000 |
|
HDFC Liquid Fund |
480.678 |
0.000 |
|
HSBC Mutual Fund |
0.000 |
244.936 |
|
Kotak Mutual Fund |
0.000 |
1998.354 |
|
Reliance Mutual Fund |
953.344 |
0.000 |
|
Religare Mutual Fund |
0.000 |
993.420 |
|
UTI Mutual Fund |
0.000 |
983.681 |
|
Term Loan from Non-Banking Financial Companies |
|
|
|
Citicorp Finance (India) Ltd |
1200.000 |
0.000 |
|
|
|
|
|
Total |
16747.545 |
9595.946 |
CONTINGENT
LIABILITIES:
|
PARTICULARS |
31.03.2017 (INR
In Million) |
31.03.2016 (INR
In Million) |
|
Credit enhancement provided by the company towards assets assignment/
securitization [including cash collaterals principals and inters
subordination] |
3041.771 |
1622.785 |
|
Corporate guarantees/ corporate undertakings in case of channel business
activity |
0.000 |
5.718 |
|
Corporate Guarantees on borrowings taken by other
companies (Aavas Financiers Limited (formerly known as Au Housing Finance
Limited) |
1280.400 |
3441.720 |
|
Claims against the company not acknowledged as debts |
28.147 |
18.761 |
|
Value added tax |
1.389 |
1.389 |
|
Income Tax Demand |
47.257 |
7.146 |
|
Service Tax |
204.754 |
205.142 |
CORPORATE INFORMATION
AU Small Finance Bank Limited (formerly known as Au Financiers
(India) Limited) (‘the Company’) is a public company domiciled in India and
incorporated under the provisions of companies Act, 1956
The company is engaged in lending activities. The company its obtained
license from Reserve Bank of India [RBI] to operate as a non-deposit accepting
Non-Banking financial Company on November 7, 2000 vide certificate of
registration No. B-10-00139.
The company has changed its name to AU Small Finance Bank Limited with effect
from April 13, 2017 and commenced its operations as small financial bank from
April 19, 2017 pursuant to the approval received from the Reserve Bank of India
dated December 20, 2016. The financial statements for the year ended March 31,
2017 have been prepared using the basis of preparation as applicable to a
non-banking financial company.
FIXED ASSETS:
- Furniture and fixtures
- Office Equipment
- Software
- Leasehold Land
- Freehold Land
- Building
- Vehicles
PRESS RELEASE:
AU SMALL FINANCE BANK
INKS PACT WITH INSTITUTE OF COMPANY SECRETARIES OF INDIA
18.12.2017
In a bid to provide banking services, training and employment opportunities to the students AU Small Finance Bank has entered into a Memorandum of Understanding (MoU) with Institute of Company Secretaries of India on December 17, 2017
Agreement with Asset Management Companies (AMCs) to enable distribution of its mutual fund schemes
Reportedly, the bank has collaborated with 11 mutual funds namely-HDFC Mutual Fund, ICICI Prudential Mutual Fund, Kotak Mutual Fund, Reliance Mutual Fund, SBI Mutual Fund, Adity Birla Sun Life Mutual Fund, DSP BlackRock Mutual Fund, Axis Mutual Fund, Franklin Templeton Mutual Fund, Motilal Oswal Mutual Fund and Mirae Asset Mutual Fund.
The bank started its banking operations on April 19, 2017. On September 30, 2017, AU Small Finance Bank initiated its distribution network at 301 branches, 113 asset centres, 23 offices and 287 ATMs across 11 states and one Union Territory.
By the end of H1 FY18, the bank’s total deposits reached INR 19780.000 Million and an employee base of 9,974 team members at the
AU SMALL FINANCE BANK
JOINS HANDS WITH SAHAJ E-VILLAGE
19.12.2017
New Delhi [India], Dec 19 (ANI): AU Small Finance Bank has announced signing an MoU with Sahaj e-Village for extending its banking service in remote areas through Business Correspondent Agent (BC) model.
With this MoU, AU Bank will be able to further foster its mission of financial inclusion and greater customer outreach. Started in 1996, as AU Financiers, today AU Small Finance Bank has a track record of over twenty years of serving the underbanked and unbanked.
As per the agreement that was signed at the Jaipur headquarter of AU Bank, the BCs will act as an intermediary between the Bank and the customers in the interior locations where the Bank does not have a presence. The Sahaj Agents will gather information, counsel and provide customized products and services to these customers.
"Making banking easier, simple and accessible is our key mission component. With this BC model tie up with Sahaj, AU Bank will be able to significantly expand its outreach to the hinterlands of India. With this MoU, we will be able to provide banking at 90+ new locations that did not have banking access hitherto and expand our customer outreach to over 500+ locations by March 2018," said MD and CEO, AU Small Finance Bank, Sanjay Agarwal.
"We are delighted to associate with AU Bank for offering banking to the bottom of the pyramid. Sahaj has been working across 70,000 touch points in multiple gram panchayats for last ten years," said Group CEO Sahaj e-Village Ltd., Sanjay Nandrajog.
"We bring assortment of financial inclusion, social inclusion and digital inclusion services to rural areas through village level entrepreneurs. This association is very synergic as AU Bank has a history of providing financial services to this strata as an NBFC, Au Financiers," added Sanjay.
Sahaj e-Village Limited is a venture initiative of SREI Infrastructure Finance Limited (SIFL) that has been bridging the digital divide between urban and rural India under the flagship of NeGP of the Government of India.
With the objective of ensuring enhanced financial inclusion and achieving greater outreach of the banking sector, Reserve Bank of India (RBI) had permitted the banks to use the services of Business Correspondents (BC). (ANI)
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
1] INFORMATION ON
DESIGNATED PARTY
No records exist designating subject or any of its beneficial owners, controlling
shareholders or senior officers as terrorist or terrorist organization or whom
notice had been received that all financial transactions involving their assets
have been blocked or convicted, found guilty or against whom a judgement or
order had been entered in a proceedings for violating money-laundering,
anti-corruption or bribery or international economic or anti-terrorism sanction
laws or whose assets were seized, blocked, frozen or ordered forfeited for
violation of money laundering or international anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper payments
to government officials for engaging in prohibited transactions or with
designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority for
any financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
INR |
|
US Dollar |
1 |
INR 63.76 |
|
UK Pound |
1 |
INR 87.91 |
|
Euro |
1 |
INR 78.20 |
INFORMATION DETAILS
|
Information
Gathered by : |
SHA |
|
|
|
|
Analysis Done by
: |
NIY |
|
|
|
|
Report Prepared
by : |
RUP |
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 |
YES |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.