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|
|
MIRA INFORM REPORT
|
Report No. : |
488968 |
|
Report Date : |
31.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
NATIONAL PAYMENTS CORPORATION OF INDIA |
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|
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|
Registered
Office : |
1001-A, B Wing, 10th Floor, The Capital Bandra - Kurla Complex, Bandra (East) Mumbai – 400051, Maharashtra |
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Tel. No.: |
91-22-40009100 |
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|
|
|
Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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|
|
|
Date of
Incorporation : |
19.12.2008 |
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|
|
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Com. Reg. No.: |
11-189067 |
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|
|
|
Capital
Investment / Paid-up Capital : |
INR 1338.670 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74990MH2008NPL189067 |
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|
|
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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.] |
AACCN9852G |
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GSTIN : |
Not Divulged |
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Legal Form : |
Corporation |
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Line of Business
: |
The main objective of the Company is to consolidate and integrate multiple Retail Payment Systems into nation-wide uniform and standard business process and also to facilitate an affordable payment mechanism to benefit the common man across the country and promote financial inclusion. (Registered Activity) |
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|
|
|
No. of Employees
: |
Information declined 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++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
Status : |
Excellent |
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|
|
|
Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
National Payments Corporation of India (NCPI) is an umbrella organization for all retail payments system in India. The subject was incorporated in the year 2008 and it based in Mumbai, Maharashtra. It is an established company having excellent track record. It was setup as the central infrastructure for payment related system and was envisaged by Reserve Bank of India (RBI) and Indian Banks Association (IBA) as the payment utility in the country. For the financial year 2017, the company has achieved remarkable sales growth of 33.53% along with decent profit margin of 32.40% during the year primarily due to “Rupay Discover Global Cards” rendering from worldwide revenue Rating takes into account the sound financial profile marked by strong net worth base along with debt free balance sheet profile and comfortable liquidity position of the company. Rating further takes into consideration the company’s established and strong track record along with recent introduction of Bharat Interface for Money (BHIM) and BHIM Aadhaar which has enabled easy and quick payment transactions using Unified Payment Interface (UPI). Payments are reported to be regular and as per commitments. In view aforesaid the company can be considered good 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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
Not Available |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2016.
BIFR (Board for Industrial & Financial
Reconstruction) LISTING STATUS
Subject’s name is not
listed as a Sick Unit in the publicly available BIFR (Board for Industrial
& Financial Reconstruction) list as of 31.01.2018
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 – (TEL. NO.: 91-22-40009100 / 28160700 /
7506446552 / 8108108622)
91-7045860016 (Not Reachable)
LOCATIONS
|
Registered Office : |
1001-A, B Wing, 10th Floor, The Capital Bandra - Kurla Complex, Bandra (East) Mumbai – 400051, Maharashtra, India |
|
Tel. No.: |
91-22-40009100 |
|
Mobile No.: |
91-9400999001 (Mr. Ravikrishnan Madathil Krishna Pillai) 91-7045890016 (Mr. Raj Kamal Verma) 91-8108108622 (Anjali Javeri) |
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Fax No.: |
Not Available |
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E-Mail : |
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Website : |
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|
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Branch Office : |
13th Floor, R- Tech 2, South Side, Nirlon Knowledge Park, Off Western Express Highway, Gurugram (East), Mumbai - 400063, Maharashtra, India |
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Tel. No.: |
91-22-40508500 |
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Fax No.: |
91-22-40508650 |
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|
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Chennai Office : |
8th Level, VBC Solitaire, 47 and 49 Bazullah Road, T. Nagar, Chennai - 600017, Tamilnadu, India |
|
Tel. No.: |
91-44-28160700 |
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Fax No.: |
91-44-28152815 |
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|
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Hyderabad Office : |
2nd Floor, Gulab Bhawan, 6 Bhadurshah Zafar Marg, ITO, New Delhi - 110002, India |
|
|
|
|
Gurugram Office
(Mumbai) : |
Unit nos. 201, 301 and 302, 2nd and 3rd Floor, Raheja Titanium, Western Express Highway, Gurugram East, Mumbai – 400063, Maharashtra, India |
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|
|
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Bengaluru Office : |
M/s 91 Spring Board, 2, 3rd Floor, Padmavati Complex, Nanjappa Reddy Layout, Koramangala, Koramangala 8th Block, Koramangala, Bengaluru - 560095, Karnataka, India |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Rama Bijapurkar |
|
Designation : |
Director |
|
Address : |
8, C-D, Mona Apartments,46F Bhulabhai Desai Road, Mumkai, Mumbai –
400026, Maharashtra, India |
|
Date of Birth/Age : |
12.02.1957 |
|
Qualification : |
B.Sc(Hon.), Post Graduate Diploma in Management (Recognized as equivalent to an MBA by Govt. of India) |
|
Date of Appointment : |
22.01.2015 |
|
PAN No.: |
AADPB9849D |
|
DIN No.: |
00001835 |
|
|
|
|
Name : |
Mr. Debopama Sen |
|
Designation : |
Nominee Director |
|
Address : |
Brindaban, 6th Floor, Off 16th Road, Khar (West), Mumbai – 400052, Maharashtra,
India |
|
Date of Birth/Age : |
20.10.1973 |
|
Qualification : |
B A (Hons) Mathematics, MMS (Finance) |
|
Date of Appointment : |
25.07.2013 |
|
PAN No.: |
AGYPS4737Q |
|
DIN No.: |
00002611 |
|
|
|
|
Name : |
Mr. Satish Pradhan Bahskar |
|
Designation : |
Director |
|
Address : |
191/194, Clover Water Gardens, Plot No. 69, Kalyani Nagar, Pune –
411014, Maharashtra, India |
|
Date of Birth/Age : |
04.01.1955 |
|
Qualification : |
Masters in History |
|
Date of Appointment : |
04.03.2015 |
|
PAN No.: |
AIPPP0305A |
|
DIN No.: |
00175969 |
|
|
|
|
Name : |
Mr. Sambamurthy B |
|
Designation : |
Nominee Director |
|
Address : |
Corpbank House, II Cross, Hill Grove Complex Chilimbi, Urwa Store, Near
Lady Hill School, Mangalore – 575006, Karnataka, India |
|
Date of Birth/Age : |
23.10.1948 |
|
Qualification : |
B.Com. Ca |
|
Date of Appointment : |
05.12.2013 |
|
PAN No.: |
ACZPB1625M |
|
DIN No.: |
00246211 |
|
|
|
|
Name : |
Mr. Madhivanan Balakrishnan |
|
Designation : |
Additional Director |
|
Address : |
1305,13th Floor, Plot No. 63/74, Tower B, Ashoktowers, Dr. S. S. Rao
Road, Opposite M. G. Hospital, Parel, Mumbai – 400012, Maharashtra, India |
|
Date of Appointment : |
09.11.2016 |
|
DIN No.: |
01426902 |
|
|
|
|
Name : |
Mr. Bhavesh C Zaveri |
|
Designation : |
Nominee Director |
|
Address : |
202, Prabhukunj Co-Operative Housing Society, 5 Peddar Road, Mumbai –
400026, Maharashtra, India |
|
Date of Birth/Age : |
24.12.1965 |
|
Qualification : |
M.Com, CAIIB |
|
Date of Appointment : |
24.03.2009 |
|
PAN No.: |
AADPZ0801B |
|
DIN No.: |
01550468 |
|
|
|
|
Name : |
Mr. Santanu Paul |
|
Designation : |
Additional Director |
|
Address : |
Pt No.12, Aparna Orchids, Near Nac, Madhapur, Hyderabad – 500081,
Telangana, India |
|
Date of Appointment : |
09.11.2016 |
|
DIN No.: |
02039043 |
|
|
|
|
Name : |
Mr. Rajiv Anand |
|
Designation : |
Additional Director |
|
Address : |
D-1204/5/6, Floor 12, Ashok Tower, 63-64 Dr. S.S.Rao Marg, Parel,
Mumbai – 400012, Maharashtra, India |
|
Date of Appointment : |
09.11.2016 |
|
DIN No.: |
02541753 |
|
|
|
|
Name : |
Mr. Mayank Kulinchandra Mehta |
|
Designation : |
Additional Director |
|
Address : |
Flat No 21, Persipolis Apartments, Cuffe Parade, Mumbai – 400005,
Maharashtra, India |
|
Date of Appointment : |
31.08.2016 |
|
DIN No.: |
03554733 |
|
|
|
|
Name : |
Mrs. Manju Agarwal |
|
Designation : |
Nominee Director |
|
Address : |
Flat No. 8C, Madhuban, Gen. J. Bhosale Marg, Opposite Sachivalaya
Gymkhana, Nariman Point, Mumbai – 400021, Maharashtra, India |
|
Date of Birth/Age : |
30.12.1957 |
|
Qualification : |
M.A. |
|
Date of Appointment : |
15.12.2015 |
|
DIN No.: |
06921105 |
|
|
|
|
Name : |
Mr. Aerathu Sekharapanicker Rajeev |
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Designation : |
Additional Director |
|
Address : |
No. 4, Indian Bank Officers Quarters, MRC Nagar, Chennai - 600028, Tamilnadu, India |
|
Date of Appointment : |
16.03.2017 |
|
DIN No.: |
07478424 |
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|
|
|
Name : |
Mr. Sivakumar Gopalan |
|
Designation : |
Director |
|
Address : |
A-10, Lakeside Iit Campus, Powai, Mumbai – 400076, Maharashtra, India |
|
Date of Appointment : |
21.06.2016 |
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DIN No.: |
07537575 |
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|
Name : |
Smita Milind Sandhane |
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Designation : |
Additional Director |
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Address : |
Plot No 174, Flat No. 101, Maitree Heights, Bhau Daji Road, Matunga
(Central), Mumbai – 400019, Maharashtra, India |
|
Date of Appointment : |
09.11.2016 |
|
DIN No.: |
07637529 |
|
|
|
|
Name : |
Mr. Raj Kamal Verma |
|
Designation : |
Additional Director |
|
Address : |
Flat No.154, Sea Lord Apartments, Cuffe Parade Sea Lord CHS Limited,
117, Cuffe Parade, Mumbai – 400005, Maharashtra, India |
|
Date of Birth/Age : |
07.02.1959 |
|
Date of Appointment : |
28.06.2017 |
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PAN No.: |
ABXPV5485A |
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Passport No.: |
Z2908974 |
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DIN No.: |
07847454 |
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|
|
|
Name : |
Mr. Ravikrishnan Madathil Krishna Pillai |
|
Designation : |
Additional Director |
|
Address : |
Flat No. 203, Canara Bank Apartments, P G Road, Sindhi Colony,
Secunderabad – 500003, Telangana, India |
|
Date of Birth / Age : |
28.12.1964 |
|
Date of Appointment : |
28.06.2017 |
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PAN No.: |
ADBPR4011Q |
|
Passport No.: |
J1218047 |
|
DIN No.: |
07885317 |
KEY EXECUTIVES
|
Name : |
Mr. Sanjay Saxena |
|
Designation : |
Chief Finance Officer |
|
Address : |
D-147, Pushpanjali Enclave, Pitampura, Delhi – 110034, India |
|
Date of Birth/Age : |
09.04.1964 |
|
Qualification : |
Chartered Account |
|
Date of Appointment : |
01.04.2014 |
|
PAN No.: |
ABMPS6704J |
|
|
|
|
Name : |
Anjali Javeri |
|
Designation : |
Company Secretary |
|
Address : |
6, Kaustubh Dham, 23, Shanghani Estate, LBS Marg, Ghatkopar (West),
Mumbai – 400086, Maharashtra, India |
|
Date of Birth/Age : |
01.12.1976 |
|
Date of Appointment : |
03.01.2011 |
|
PAN No.: |
ADZPJ1091J |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.032017
SHAREHOLDER’S DETAIL FILE ATTACHED
Equity Share Break up (Percentage of Total Equity)
As on 20.09.2017
|
Category |
Percentage |
|
Promoters (Banks) |
74.70 |
|
Public/Other than promoters (Banks) |
25.30 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The main objective of the Company is to consolidate and integrate multiple Retail Payment Systems into nation-wide uniform and standard business process and also to facilitate an affordable payment mechanism to benefit the common man across the country and promote financial inclusion. (Registered Activity) |
|
|
|
|
Brand Names : |
Not Divulged |
|
|
|
|
Agencies Held : |
Not Divulged |
|
|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
Not Divulged |
|
|
|
|
Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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|||||||||||||||||||||||||||||||
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No. of Employees : |
Information declined by the management |
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|||||||||||||||||||||||||||||||
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Bankers : |
|
|
Auditors : |
|
|
Name : |
Mayur Mehta Chartered Accountants |
|
Address : |
901, Rushabh, Jakaria Bunder Cross Road, Sewree (West), Mumbai –
400015, Maharashtra, India |
|
Tel. No.: |
91-11-2416-3356 / 24135466 |
|
Mobile No.: |
91-9821735704 |
|
E-Mail : |
|
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Related Party : |
|
|
|
|
|
Related Party
concern : |
|
CAPITAL STRUCTURE
As on 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
30000000 |
Equity Shares |
INR 100/- each |
INR 3000.000 Million |
|
|
|
|
|
Issued Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
13876600 |
Equity Shares |
INR 100/- each |
INR 1387.660 Million |
|
|
|
|
|
Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
13386700 |
Equity Shares |
INR 100/- each |
INR 1338.670 Million |
|
|
|
|
|
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 |
1338.670 |
1338.670 |
1000.000 |
|
(b) Reserves &
Surplus |
6160.856 |
4568.583 |
2595.791 |
|
(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) |
7499.526 |
5907.253 |
3595.791 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax
liabilities (Net) |
253.170 |
165.945 |
161.100 |
|
(c) Other long term
liabilities |
1353.913 |
969.221 |
688.630 |
|
(d) long-term provisions |
22.218 |
7.284 |
0.000 |
|
Total Non-current
Liabilities (3) |
1629.301 |
1142.450 |
849.730 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
228.333 |
249.462 |
106.461 |
|
(c) Other current
liabilities |
312.072 |
142.391 |
45.648 |
|
(d) Short-term provisions |
457.805 |
231.431 |
214.252 |
|
Total Current Liabilities
(4) |
998.210 |
623.284 |
366.361 |
|
|
|
|
|
|
TOTAL |
10127.037 |
7672.987 |
4811.882 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
1463.270 |
1048.660 |
998.172 |
|
(ii) Intangible Assets |
546.319 |
350.508 |
328.662 |
|
(iii) Capital
work-in-progress |
198.037 |
77.434 |
97.449 |
|
(iv) Intangible assets
under development |
38.005 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
1134.467 |
815.247 |
209.964 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other Non-current
assets |
956.481 |
1710.512 |
37.751 |
|
Total Non-Current Assets |
4336.579 |
4002.361 |
1671.998 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
140.000 |
50.000 |
200.000 |
|
(b) Inventories |
0.000 |
0.000 |
0.000 |
|
(c) Trade receivables |
594.387 |
215.712 |
188.636 |
|
(d) Cash and cash
equivalents |
4456.314 |
2832.949 |
2484.078 |
|
(e) Short-term loans and
advances |
0.000 |
0.000 |
2.648 |
|
(f) Other current assets |
599.757 |
571.965 |
264.522 |
|
Total Current Assets |
5790.458 |
3670.626 |
3139.884 |
|
|
|
|
|
|
TOTAL |
10127.037 |
7672.987 |
4811.882 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
5039.414 |
3774.121 |
3264.842 |
|
|
Other Income |
447.883 |
322.435 |
268.227 |
|
|
TOTAL |
5487.297 |
4096.556 |
3533.069 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Operating expense |
500.773 |
387.240 |
487.601 |
|
|
Employees benefits
expense |
926.189 |
652.123 |
0.000 |
|
|
Administrative &
Establishment Expenses |
267.140 |
219.685 |
0.000 |
|
|
Other expenses |
793.543 |
497.688 |
924.864 |
|
|
Prior
period items before tax |
0.000 |
0.000 |
5.580 |
|
|
TOTAL |
2487.645 |
1756.736 |
1418.045 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
2999.652 |
2339.820 |
2115.024 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
2999.652 |
2339.820 |
2115.024 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
476.936 |
491.354 |
424.295 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
2522.716 |
1848.466 |
1690.729 |
|
|
|
|
|
|
|
Less |
TAX |
888.183 |
653.965 |
584.400 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
1634.533 |
1194.501 |
1106.329 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Capital Goods |
NA |
27.768 |
12.026 |
|
|
TOTAL IMPORTS |
NA |
27.768 |
12.026 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
121.97 |
112.13 |
110.63 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
NA |
0.000 |
0.000 |
|
Cash generated from operations |
2869.509 |
2241.196 |
2142.566 |
|
Net cash flow from operating activity |
2097.907 |
1516.255 |
1160.342 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
43.05 |
20.86 |
21.09 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
8.48 |
17.50 |
17.31 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
1.34 |
1.58 |
1.48 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.10 |
0.08 |
0.08 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
0.13 |
0.11 |
0.10 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.30 |
0.25 |
0.40 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
0.00 |
0.00 |
0.00 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
((PAT / Sales) * 100) |
% |
32.43 |
31.65 |
33.89 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
16.14 |
15.57 |
22.99 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
21.80 |
20.22 |
30.77 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
5.80 |
5.89 |
8.57 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
5.80 |
5.89 |
8.57 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.74 |
0.77 |
0.75 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
5.80 |
5.89 |
8.57 |
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 |
1000.000 |
1338.670 |
1338.670 |
|
Reserves & Surplus |
2595.791 |
4568.583 |
6160.856 |
|
Net
worth |
3595.791 |
5907.253 |
7499.526 |
|
|
|
|
|
|
Long Term borrowings |
0.000 |
0.000 |
0.000 |
|
Short Term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
0.000 |
0.000 |
0.000 |
|
Debt/Equity
ratio |
0.000 |
0.000 |
0.000 |
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
|
3264.842 |
3774.121 |
5039.414 |
|
|
|
15.599 |
33.526 |
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
|
3264.842 |
3774.121 |
5039.414 |
|
Profit |
1106.329 |
1194.501 |
1634.533 |
|
|
33.89% |
31.65% |
32.43% |
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 |
Yes |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
Note: The Registered Office of the company has been shifted from “C-9, 8th Floor, RBI Premises Bandra-Kurla Complex, Bandra (East), Mumbai-400051, Maharashtra, India” to the present address w.e.f. 1st June, 2015.
CORPORATE INFORMATION
National Payments Corporation of India (NPCI) is a Section 8 Company as per the Companies Act 2013. It was incorporated as a Public Limited Company under Section 25 of the erstwhile Companies Act, 1956 with the object to set up and implement the Retail Payment System in the Country. The Company is licensed by Reserve Bank of India (RBI) to operate various retail payment systems in the Country under the Payment and Settlement Systems Act, 2007. The main objective of the Company is to consolidate and integrate multiple Retail Payment Systems into Nation-wide uniform and standard business process and also to facilitate an affordable payment mechanism to benefit the common man across the country and promote financial inclusion.
The Company has been promoted by ten Banks comprising of 6 Public Sector Banks, 2 Private Banks and 2 Foreign Banks. After the broad basing exercise completed in financial year 2015-2016, the total number of shareholders has gone to 56 Banks comprising of 19 Public Sector Banks, 17 Private Banks, 3 Foreign Banks, 10 Co-operative Banks, and 7 Regional Rural Banks.
The Company’s initiatives in the Retail Payment System are in the form of providing National Financial Switch (NFS), Cheque Truncation System (CTS), Immediate Payment Service (IMPS), Card Scheme (RuPay), National Automated Clearing House (NACH), Aadhar Enabled Payment System (AePS), Unified Payments Interface (UPI), Electronic Toll Collection (ETC) etc. During the year Company has taken further steps to operationalise the mandate from RBI for Bharat BillPay. It is also in process of launching of National Common Mobility Card (NCMC). The above initiatives will contribute towards achieving cashless society. The Company through its product and services also continuously participating in the Financial inclusion programme and Direct Benefit Transfer (DBT) initiatives. The Company has arrangement with International Card schemes such as Discover Financial Services, JCBI and Union Pay International to provide the Global acceptance.
INDEX
OF CHARGES: NO CHARGES EXIST FOR THE COMPANY
CONTINGENT
LIABILITIES:
(INR in million)
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
|
Contingent
Liabilities on Account of Tax demand |
|
|
|
Income Tax demand for AY 2010-2011 |
30.128 |
30.128 |
|
Income Tax demand for AY 2011-2012 |
18.327 |
18.327 |
|
Income Tax demand for AY 2012-2013 |
55.172 |
55.172 |
|
Income Tax demand for AY 2013-2014 |
44.480 |
44.480 |
|
|
|
|
|
Contingent
Liabilities – Other matters |
259.700 |
0.000 |
|
|
|
|
|
Total |
407.807 |
407.807 |
FIXED ASSETS
- Land
- Building
- Computers
- Network equipment
- Switching equipment / Central Processors
- Furniture and fixtures
- Electrical Installation
- Telephone
- Vehicles
- Office equipment
- Leasehold improvements
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 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 63.64 |
|
|
1 |
INR 89.32 |
|
Euro |
1 |
INR 78.45 |
INFORMATION DETAILS
|
Information
Gathered by : |
SAV |
|
|
|
|
Analysis Done by
: |
NSG |
|
|
|
|
Report Prepared
by : |
KJL |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
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.