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|
|
MIRA INFORM REPORT
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Report No. : |
488673 |
|
Report Date : |
30.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
KARVY DATA MANAGEMENT SERVICES LIMITED |
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|
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Registered
Office : |
46, Avenue 4, Street No. 1, Banjara Hills, Hyderabad – 500034,
Telangana |
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Tel. No.: |
91-40-23312454 |
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Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of
Incorporation : |
21.04.2008 |
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Com. Reg. No.: |
36-058738 |
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Capital
Investment / Paid-up Capital : |
INR 200.000 Million |
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|
|
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CIN No.: [Company Identification
No.] |
U72300TG2008PLC058738 |
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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.] |
AADCK4066C |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
The company is engaged in the business of transaction processing, System integration which includes sale of products and data management services. (Registered Activity) |
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No. of Employees
: |
Information denied by the management |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A+ |
|
Credit Rating |
Explanation |
Rating Comments |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 2008 and it is having fine track. It is engaged in equity broking, depository operations, distributions of financial products, institutional equities, wealth management and asset management services and advisory services. Karvy Stock Broking Limited (KSBL) is the flagship company of the group and holds 30% stake in KDMSL with the balance 70 % held by Karvy Realty India Limited (KRIL). For the financial year 2017, the company has healthy increased its revenue from operation as compared to previous year and maintained decent profitability margin of 5.75%. Rating takes into consideration sound financial profile of the company marked by healthy networth base and average debt balance sheet. Further, rating also reflects from its long operational track records and experienced management, Strong project execution capabilities and wide geographic network and healthy improvement in the revenue as well as profitability profile during the year. However, rating strength is partially offset by concentrated revenue profile towards e-governance projects and high working capital intensity. Trade relations are reported as fair. Business is active. Payments terms are seems to be regular. In view of the aforesaid, the company can be considered for business dealings at usual trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List
|
Country Name |
Previous Rating (30.06.2017) |
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 |
SMERA |
|
Rating |
Long Term Rating = BBB |
|
Rating Explanation |
Moderate degree of safety and moderate
credit risk. |
|
Date |
13.07.2017 |
|
Rating Agency Name |
SMERA |
|
Rating |
Short Term Rating = A3+ |
|
Rating Explanation |
Moderate degree of safety and higher credit
risk. |
|
Date |
13.07.2017 |
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 29.01.2018
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 (91-40-23312454)
LOCATIONS
|
Registered Office : |
46, Avenue 4, Street No. 1, Banjara Hills, Hyderabad –
500034, Telangana, India |
|
Tel. No.: |
91-40-23312454 |
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Fax No.: |
91-40-23311968 |
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E-Mail : |
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Website : |
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Corporate Office: |
‘Karvy Millennium Towers’, Plot No.31/P, Nanakramguda, Financial District, Gachibowli, Hyderabad – 500032, Telangana |
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Tel. No.: |
91-40-33211000 |
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Fax No.: |
91-40-33218029 |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Divakar Atluri |
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Designation : |
Director |
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Address : |
P.No.114, Mla and Mp's Colony, Road No.10c, Jubilee Hills, Hyderabad – 500033, Telangana, India |
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Date of Appointment : |
10.03.2015 |
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DIN No.: |
00033386 |
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Other Directorship:
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Name : |
Comandur Parthasarathy |
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Designation : |
Director |
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Address : |
D No. 8-2-293/82/A/648, Plot No 648, Road No 34, Jubilee Hills, Hyderabad – 500034, Telangana, India |
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Date of Appointment : |
20.07.2009 |
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DIN No.: |
00079232 |
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Other Directorship:
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Name : |
Mr. Mahesh Vijayagopal |
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Designation : |
Managing Director |
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Address : |
8-2-402/A/1/1/201, Jyothi Vista Banjara Hills, Road No 5, Hyderabad - 500034 Telangana, India |
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Date of Appointment : |
21.04.2008 |
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DIN No.: |
00800219 |
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Other Directorship:
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Name : |
Mr. Rajat Parthasarathy |
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Designation : |
Wholetime Director |
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Address : |
Dno.8-2-293/82/A/648, Plot NO. 648, Road NO. 34, Jubilee Hills, Hyderabad – 500034, Telangana, India |
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Date of Appointment : |
11.11.2008 |
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DIN No.: |
01060455 |
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Other Directorship:
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Name : |
Mr. Adhiraj Parthasarathy |
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Designation : |
Director |
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Address : |
D No.8-2-293/82/A/648, Plot No. 648, Road No. 34, Jubilee Hills, Hyderabad – 500034, Telangana, India |
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Date of Appointment : |
08.08.2015 |
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DIN No.: |
01507771 |
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Other Directorship:
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Name : |
Mr. Ganesh Venkatachalam |
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Designation : |
Director |
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Address : |
Villa No.3, Ramky Pearl, Hmt Sathavahana Colony, Opposite Sathavahana School, Hyderabad – 500072, Telangana, India |
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Date of Appointment : |
18.08.2008 |
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DIN No.: |
02282487 |
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Other Directorship:
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Name : |
Mr. Vijay Kumar Tarimela |
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Designation : |
Director |
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Address : |
Plot No. 154/A, Road No. 12 Mla's Colony, Banjara Hills, Hyderabad – 500034, Telangana, India |
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Date of Appointment : |
08.05.2015 |
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DIN No.: |
07178932 |
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Other Directorship:
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Name : |
Yalamanchili Sailaja |
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Designation : |
Director |
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Address : |
Flat No. 204, Triveni Apartments, Srinagar Colony, Hyderabad – 500073, Telangana, India |
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Date of Birth/Age : |
04.06.1971 |
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Date of Appointment : |
15.07.2017 |
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DIN No.: |
07551685 |
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KEY EXECUTIVES
|
Name : |
Pandaiah Kakkireni |
|
Designation : |
CFO(KMP) |
|
Address : |
Flat No. 402, Sri Sai Nivas, Plot No. 43 and 44, Cyber Village, New Hafeez Pet, Kondapur, Miyapur Hyderabad – 500049, Telangana, India |
|
Date of Appointment : |
10.03.2015 |
|
DIN No.: |
AFAPK2968Q |
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|
|
|
Name : |
Shruti Walia |
|
Designation : |
Company Secretary |
|
Address : |
Flat No. 7405, Janapriya Metropolis Apartments, Eragadda, Moti Nagar, Hyderabad – 500018, Telangana, India |
|
Date of Appointment : |
20.03.2014 |
|
DIN No.: |
ACFPW0937M |
MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Shareholders |
No. of Shares |
|
Karvy Stock Broking Limited |
5999994 |
|
J. Ramaswamy Representing Karvy Stock Broking Limited |
1 |
|
V. Mahesh Representing Karvy Stock Broking Limited |
1 |
|
Rajat Parthasarathy Representing Karvy Stock Broking Limited |
1 |
|
Adhiraj Parthasarathy Representing Karvy Stock Broking Limited |
1 |
|
C. Parthasarathy Representing Karvy Stock Broking Limited |
1 |
|
V. Ganesh Representing Karvy Stock Broking Limited |
1 |
|
Karvy Realty (India) Limited |
14000000 |
|
Total |
20000000 |
Equity Share Break up (Percentage of Total Equity)
AS ON 15.07.2017
|
Category |
Percentage |
|
Promoters- Body corporate |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The company is engaged in the business of transaction processing, System integration which includes sale of products and data management services. (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
|
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)
|
|
Auditors : |
|
|
Name : |
Lalith Prasad and Company Chartered Accountants |
|
Address : |
402, Golden Green Apartment, 6-3-542/1, Erram Manzil Colony, Punjagutta, Hyderabad – 500082, Telangana, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AKAPS0065K |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
|
|
|
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Holding Company: |
U66010TG2003PLC041681 |
|
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Ultimate Holding
Company: |
U67120TG1995PLC019877 |
|
|
|
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Subsidiaries: |
U72200CT2014PTC001604 |
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|
|
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Fellow
subsidiaries: |
U51909TG2003PLC042096
U67120TG1997PLC026253
U67190MH2001PLC227379 |
|
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|
|
Enterprises where Key
management personnel exercise significant influence: |
U72400TG2003PTC041636
U72900TG2011PLC077244
U74140TG1981PLC003122
U73200TG2015PLC097698
U74900TG2015PLC097851
U74900TG2015PLC097413
U74140TG2001PTC036741 |
CAPITAL STRUCTURE
AS ON 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
20000000 |
Equity Shares |
INR 10/- each |
INR 200.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
20000000 |
Equity Shares |
INR 10/- each |
INR 200.000 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
200.000 |
164.000 |
104.000 |
|
(b) Reserves and Surplus |
1562.863 |
1186.988 |
785.548 |
|
(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) |
1762.863 |
1350.988 |
889.548 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
1725.625 |
801.386 |
521.739 |
|
(b) Deferred tax liabilities (Net) |
94.554 |
50.241 |
20.028 |
|
(c) Other long-term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
17.967 |
10.614 |
7.962 |
|
Total Non-current
Liabilities (3) |
1838.146 |
862.241 |
549.729 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term borrowings |
2122.950 |
1739.033 |
1764.629 |
|
(b) Trade
payables |
245.333 |
212.788 |
195.679 |
|
(c) Other
current liabilities |
234.992 |
122.055 |
85.230 |
|
(d) Short-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Current
Liabilities (4) |
2603.275 |
2073.876 |
2045.538 |
|
|
|
|
|
|
TOTAL |
6204.284 |
4287.105 |
3484.815 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
1466.145 |
1160.057 |
551.326 |
|
(ii)
Intangible Assets |
307.403 |
325.631 |
187.017 |
|
(iii) Tangible assets
capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
54.500 |
50.000 |
50.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
138.583 |
98.404 |
57.737 |
|
(e) Other
Non-current assets |
382.309 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
2348.940 |
1634.092 |
846.080 |
|
|
|
|
|
|
(2) Current
assets |
|
|
|
|
(a)
Current investments |
0.046 |
0.791 |
0.829 |
|
(b)
Inventories |
158.385 |
701.399 |
523.847 |
|
(c) Trade
receivables |
2489.412 |
1309.851 |
1102.238 |
|
(d) Cash and
bank balances |
514.170 |
179.960 |
185.860 |
|
(e) Short-term
loans and advances |
5.483 |
55.301 |
437.654 |
|
(f) Other
current assets |
687.848 |
405.711 |
388.307 |
|
Total
Current Assets |
3855.344 |
2653.013 |
2638.735 |
|
|
|
|
|
|
TOTAL |
6204.284 |
4287.105 |
3484.815 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
4031.178 |
2850.709 |
2001.109 |
|
|
Other Income |
24.233 |
20.949 |
24.887 |
|
|
TOTAL |
4055.411 |
2871.658 |
2025.996 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Employee benefit expense |
1510.870 |
1272.196 |
800.245 |
|
|
Other expenses |
1509.852 |
851.618 |
741.426 |
|
|
TOTAL |
3020.722 |
2123.814 |
1541.671 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
1034.689 |
747.844 |
484.325 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
427.534 |
339.322 |
207.494 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
607.155 |
408.522 |
276.831 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
255.823 |
179.090 |
169.864 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
351.332 |
229.432 |
106.967 |
|
|
|
|
|
|
|
Less |
TAX |
119.456 |
67.992 |
30.925 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
231.876 |
161.440 |
76.042 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
11.594 |
9.844 |
4.637 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
0.000 |
0.000 |
0.000 |
|
Cash generated from operations |
671.734 |
735.055 |
265.415 |
|
Net cash flows from (used in) operations |
596.591 |
697.276 |
243.000 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
225.40 |
167.71 |
201.05 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
1.62 |
2.18 |
1.82 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
6.53 |
1.07 |
0.92 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.58 |
0.50 |
0.66 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.70 |
0.67 |
0.74 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
2.18 |
1.88 |
2.57 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
1.48 |
1.54 |
2.30 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
1.01 |
1.10 |
0.83 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
2.42 |
2.20 |
2.33 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
5.75 |
5.66 |
3.80 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
3.74 |
3.77 |
2.18 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
13.15 |
11.95 |
8.55 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.48 |
1.28 |
1.29 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
1.42 |
0.94 |
1.03 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.28 |
0.32 |
0.26 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
19.24 |
15.49 |
21.98 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.48 |
1.28 |
1.29 |
Total
Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term
debts
FINANCIAL ANALYSIS
[all figures are
INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Share Capital |
104.000 |
164.000 |
200.000 |
|
Reserves & Surplus |
785.548 |
1186.988 |
1562.863 |
|
Net
worth |
889.548 |
1350.988 |
1762.863 |
|
|
|
|
|
|
Long-term borrowings |
521.739 |
801.386 |
1725.625 |
|
Short term borrowings |
1764.629 |
1739.033 |
2122.950 |
|
Total
borrowings |
2286.368 |
2540.419 |
3848.575 |
|
Debt/Equity
ratio |
2.570 |
1.880 |
2.183 |
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 |
2001.109 |
2850.709 |
4031.178 |
|
|
0.000 |
42.456 |
41.410 |
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 |
2001.109 |
2850.709 |
4031.178 |
|
Profit/ (Loss) |
76.042 |
161.440 |
231.876 |
|
|
3.80
% |
5.66
% |
5.75
% |
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 |
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 |
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 |
COMPANY OVERVIEW:
Karvy Data Management Services Limited (the “Company” or “KDMSL”) is a limited company and was incorporated on 21 April 2008. The company is engaged in the business of transaction processing, System integration which includes sale of products and data management services.
SEGMENT
INFORMATION
The Company is in the business of Transaction Processing and System integration which includes sale of products and Record Management Considering the core activities of the Company, management is of the view that Transaction Processing & System integration which includes sale of products and Record Management is considered as primary reportable business segment and hence information relating to primary segment is required to be disclosed.
UNSECURED LOANS:
|
Particulars |
31.03.2017 INR In Million |
31.03.2016 INR In Million |
|
LONG TERM BORROWINGS |
|
|
|
Loans and
advances from directors |
375.784 |
316.444 |
|
SHORT TERM BORROWINGS |
|
|
|
Loans and
advances from others |
731.534 |
473.307 |
|
Total |
1107.318 |
789.751 |
INDEX OF CHARGE:
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF
MODIFICATION |
DATE OF
SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
G69605566 |
100139088 |
SHINHAN BANK |
04/12/2017 |
- |
- |
200000000.0 |
SLN TERMINUS, 1ST FLOOR, SURVEY NO. 133,GACHIBOWLISERILINGAMPALLY MANDAL, RANGA REDDY DISTRICTHYDERABADTG500032IN |
|
2 |
G54975362 |
100125783 |
SBM BANK (MAURITIUS)LTD. |
29/09/2017 |
- |
- |
300000000.0 |
6-3- 1090, 1ST FLOOR, TSR TOWERS, RAJ BHAVAN ROADSOMAJIGUDAHYDERABADTG500082IN |
|
3 |
G44505436 |
100099375 |
ORIENTAL BANK OF COMMERCE |
11/05/2017 |
- |
- |
350000000.0 |
'THE LANDMARK', NO. 21/15, M G ROAD, BENGALURUBENGALURUKA560001IN |
|
4 |
G44272250 |
100098688 |
BMW INDIA FINANCIAL SERVICES PRIVATE LIMITED |
27/04/2017 |
- |
- |
6750000.0 |
TOWER C, 14TH FLOOR, BUILDING NO. 10DLF CYBER CITY, PHASE-IIGURGAONHA122002IN |
|
5 |
G45652278 |
100102231 |
AXIS BANK LIMITED |
15/04/2017 |
- |
- |
9500000.0 |
ASET SALES CENTRE, D. NO. 5-2-183/1843RD & 4TH FLOOR, SECUNDERABADHYDERABADTG500003IN |
|
6 |
G38128856 |
100082754 |
BANK OF BARODA |
18/02/2017 |
- |
- |
700000000.0 |
MID CORPORATE BRANCH, 3-6-262/6, TIRUMALA ESTATES3RD FLOOR, HIMAYATHNAGAR, HYDERABADHYDERABADTG500029IN |
|
7 |
G73878605 |
100070387 |
THE SOUTH INDIAN BANK LIMITED |
15/12/2016 |
20/12/2017 |
- |
600000000.0 |
DOOR NO. 2-38/A, ABOVE TATA DOCOMO OFFICE,SRI RAMA COLONY, GUTTALABEGUMPET, MADHAPUR,HYDERABADTG500081IN |
|
8 |
G11540507 |
100049468 |
KOTAK MAHINDRA PRIME LIMITED |
20/08/2016 |
- |
- |
13500000.0 |
27BKC, C 27, G BLOCKBANDRA KURLA COMPLEX, BANDRA (E),MUMBAIMA400051IN |
|
9 |
C79634325 |
10621848 |
TAMILNAD MERCANTILE BANK LIMITED |
28/01/2016 |
- |
- |
350000000.0 |
101 & 124, CHENOY TRADE CENTRE, PARK LANE,S.D. ROAD, SECUNDERABADHYDERABADTG500003IN |
|
10 |
C39776232 |
10542013 |
BANK OF INDIA |
18/12/2014 |
- |
- |
633000000.0 |
1ST FLOOR, 10-1-1199/2PTI BUILDING, A.C. GUARDSHYDERABADTG500004IN |
FIXED ASSETS:
- Land
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Office equipment
- Computer equipments
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
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 63.54 |
|
|
1 |
INR 89.82 |
|
Euro |
1 |
INR 78.86 |
INFORMATION DETAILS
|
Information
Gathered by : |
POO |
|
|
|
|
Analysis Done by
: |
PRA |
|
|
|
|
Report Prepared
by : |
NKTS |
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.