|
|
|
MIRA INFORM REPORT
|
Report No. : |
495654 |
|
Report Date : |
05.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
SBI FUNDS MANAGEMENT PRIVATE LIMITED |
|
|
|
|
Registered Office
: |
9th Floor, Crescenzo, C-38 and 39, G Block, Bandra Kurla Complex,
Bandra (East), Mumbai – 400051, Maharashtra |
|
Tel. No.: |
91- 22-61793000 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of Incorporation
: |
07.02.1992 |
|
|
|
|
Com. Reg. No.: |
11-065289 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 500.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U65990MH1992PTC065289 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACS7339D |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
27AAACS7339D1ZE |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
The Company is in the business of Providing Asset Management Services to the Fund and portfolio Management/ Advisory Service to Clients and act as the Investment Manager of SBI Mutual Fund ('the Fund'). [Registered Activity] |
|
|
|
|
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++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
Status : |
Excellent |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in the year 1992. “State Bank of India” holds 63% and remaining 37% is held by “Amundi India Holding”, France. It is engaged in providing financial services and advisory services to its clients. For the financial year 2017, the company has achieved 35.96% growth in its revenue as compared to previous year revenue and has maintained healthy profitability margin of 30.46% during the year under review. The robust financial profile of the company is marked by healthy networth base along with strong debt coverage indicators due to debt free balance sheet profile. The company has favourable Earning Per Share (EPS) of INR 448.64 against a face value (FV) of INR 100. The rating takes into consideration the subject’s long track record of business operations along with extensive experience of its promoters. Business is active. Payment seems to be regular. In view of 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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
SBI Dynamic Bond Fund = AA |
|
Rating Explanation |
High degree of safety and very low credit risk. |
|
Date |
31.01.2018 |
|
|
|
|
Rating Agency Name |
ICRA |
|
Rating |
SBI Magnum Instacash Fund = A1+ |
|
Rating Explanation |
Very strong degree of safety and carry lowest credit risk. |
|
Date |
31.01.2018 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2016.
BIFR (Board for Industrial & Financial
Reconstruction) LISTING STATUS
Subject’s name is
not listed as a Sick Unit in the publicly available BIFR (Board for Industrial
& Financial Reconstruction) list as of 05.03.2018
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. 91-22-61793000)
LOCATIONS
|
Registered Office : |
9th Floor, Crescenzo, C-38 and 39, G Block, Bandra Kurla Complex,
Bandra (East), Mumbai – 400051, Maharashtra, India |
|
Tel. No.: |
91-22-61793000 |
|
Mobile No.: |
916-788-5968 (Mr. Nicolas Simon) |
|
Fax No.: |
91-22-67425687-91 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
As on 31.03.2017
|
Name : |
Mrs. Anuradha Rao |
|
Designation : |
Managing Director |
|
Address : |
65 A, Kinellan Tower, 4th Floor, R No C/04, Near J Mehta Marg, Nepean Sea Road, Mumbai – 400006, Maharashtra, India |
|
Date of Birth/Age : |
28.09.1959 |
|
Qualification : |
MBA and Bachelor of Arts - Law |
|
Date of Appointment : |
25.08.2016 |
|
PAN No.: |
ABKPR3671B |
|
DIN No.: |
07597195 |
|
|
|
|
Name : |
Mr. Ram Narayanan Colathur |
|
Designation : |
Additional Director |
|
Address : |
2nd Floor, Waheeda, 19, Nargis Dutt Road, Pali Hill, Bandra West, Mumbai – 400050, Maharashtra, India |
|
Date of Appointment : |
07.09.2017 |
|
DIN No.: |
00211906 |
|
|
|
|
Name : |
Mr. Nicolas Simon |
|
Designation : |
Alternate Director |
|
Address : |
2, Rue Erlanger, Paris 75016 FR |
|
Date of Birth/Age : |
15.08.1964 |
|
Qualification : |
MBA and Bachelor of Arts - Law |
|
Date of Appointment : |
07.12.2015 |
|
PAN No.: |
GKQPS2711Z |
|
DIN No.: |
07332820 |
|
|
|
|
Name : |
Mr. Prafulla Yeshawant Agnihotri |
|
Designation : |
Director |
|
Address : |
Ii Floor, Naveen Ram Apartments, 6th Cross East, Thillai Nagar, Tiruchirapalli -620018, Tamilnadu, India |
|
Date of Birth/Age : |
30.03.1963 |
|
Qualification : |
P H. D. in Management, MMS in Marketing Management, Post Graduate Diploma Training and Development |
|
Date of Appointment : |
17.07.2015 |
|
PAN No.: |
AEPPA2131P |
|
DIN No.: |
07238278 |
|
|
|
|
Name : |
Mr. Dinesh Kumar Khara |
|
Designation : |
Additional Director |
|
Address : |
Flat No. D-5, Kinellan Tower 100A, Nepean Sea Road, Mumbai – 400006, Maharashtra, India |
|
Date of Birth/Age : |
28.08.1961 |
|
Qualification : |
M. Com, MBA CAIIB |
|
Date of Appointment : |
20.10.2016 |
|
PAN No.: |
AAAPK2070L |
|
DIN No.: |
06737041 |
|
|
|
|
Name : |
Mr. Fathi Jerfel |
|
Designation : |
Director |
|
Address : |
19 Avenue Du Marechal Maunoury Paris 75116 FR |
|
Date of Birth/Age : |
16.05.1959 |
|
Qualification : |
Engineering degree from Ecole Poly-technique, Engineering degree from the Institute Français du Petrole and Post graduate degree in Economics (Petroleum Management) from the University of Dijon |
|
Date of Appointment : |
26.03.2012 |
|
DIN No.: |
05225974 |
|
|
|
|
Name : |
Mr. Om Parkash Kewal Krishan Gahrotra |
|
Designation : |
Director |
|
Address : |
12, Praneet, Dr J. Palker Road, Worli, Mumbai – 400030, Maharashtra, India |
|
Date of Birth/Age : |
21.09.1946 |
|
Qualification : |
B.Sc; Masters in Social Sciences (Development Finance) from Birmingham university, UK, Masters in Financial Jamnalal Bajaj Institute Management, Mumbai |
|
Date of Appointment : |
22.10.2014 |
|
PAN No.: |
AAAPG7437M |
|
DIN No.: |
00936696 |
|
|
|
|
Name : |
Mr. Jean Yves Dominique Glain |
|
Designation : |
Director |
|
Address : |
18 Rue Gustave Courbet, 75116 Paris, France |
|
Date of Birth/Age : |
30.05.1960 |
|
Qualification : |
MBA and Bachelor of Arts - Law |
|
Date of Appointment : |
18.04.2017 |
|
DIN No.: |
07761090 |
|
|
|
|
Name : |
Mr. Jashavantkumar Chandulal Raval |
|
Designation : |
Director |
|
Address : |
Raval House, 18th Road, Khar (West), Mumbai – 400052, Maharashtra, India |
|
Date of Birth/Age : |
22.01.1947 |
|
Qualification : |
B.Com (Hons), FCA |
|
Date of Appointment : |
28.09.2012 |
|
PAN No.: |
AABPR7548F |
|
DIN No.: |
00171896 |
KEY EXECUTIVES
|
Name : |
Vinaya Anant Datar |
|
Designation : |
Company Secretary |
|
Address : |
7, Savita Building, Dr. V Raghunath Marg, Bandra, Mumbai – 400050, Maharashtra, India |
|
Date of Appointment : |
16.01.2009 |
|
PAN No.: |
ABZPD3644F |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
State Bank of India, India |
|
3149980 |
|
Amundi India Holding, France |
|
1850000 |
|
Anuradha Rao |
|
10 |
|
Ravi Nandan Sahay |
|
10 |
|
|
|
|
|
Total |
|
5000000 |
Equity Share Break up (Percentage of Total Equity)
As on 05.09.2017
|
Category |
Percentage |
|
Promoter – Banks |
63.00 |
|
Public – Others - Amundi India Holding, a wholly owned
subsidiary of Amundi |
37.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The Company is in the business of Providing Asset Management Services to the Fund and portfolio Management/ Advisory Service to Clients and act as the Investment Manager of SBI Mutual Fund ('the Fund'). [Registered Activity] |
||||||||
|
|
|
||||||||
|
Products : |
|
||||||||
|
|
|
||||||||
|
Brand Names : |
Not Divulged |
||||||||
|
|
|
||||||||
|
Agencies Held : |
Not Divulged |
||||||||
|
|
|
||||||||
|
Exports : |
Not Divulged |
||||||||
|
|
|
||||||||
|
Imports : |
Not Divulged |
||||||||
|
|
|
||||||||
|
Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
No. of Employees : |
Information declined by the management |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
|
|
Auditors : |
|
|
Name : |
Sudit K Parekh and Company Chartered Accountants |
|
Address : |
Ballard House, 2Nd Floor, Adi Marzban Path, Ballard Pier, Fort, Mumbai – 400001, Maharashtra, India |
|
Tel. No.: |
91-22-66178000 |
|
Fax No.: |
91-22-66178002 |
|
Website : |
|
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAAFS4500P |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Holding Company: |
|
|
|
|
|
Fellow Subsidiary Companies: |
|
|
|
|
|
Associates : |
U66020MH2007GOI176787 |
|
|
|
|
Mutual Fund managed
by the company : |
|
|
|
|
|
Enterprises which are owned, or have significant influence of or are
partners with Key management personnel and their relatives: |
|
|
|
|
|
Enterprise under
common control : |
|
CAPITAL STRUCTURE
As on 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000000 |
Equity Shares |
INR 100/- each |
INR 500.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000000 |
Equity Shares |
INR 100/- each |
INR 500.000 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET (STANDALONE)
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
500.000 |
500.000 |
500.000 |
|
(b) Reserves and Surplus |
7209.784 |
5809.104 |
4877.694 |
|
(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) |
7709.784 |
6309.104 |
5377.694 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
4.146 |
115.308 |
44.306 |
|
(c) Other long-term
liabilities |
0.844 |
1.232 |
16.044 |
|
(d) long-term
provisions |
45.666 |
43.104 |
61.212 |
|
Total Non-current
Liabilities (3) |
50.656 |
159.644 |
121.562 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade
payables |
696.771 |
284.961 |
215.122 |
|
(c) Other
current liabilities |
18.660 |
24.188 |
43.500 |
|
(d) Short-term
provisions |
1374.583 |
1043.216 |
993.333 |
|
Total Current
Liabilities (4) |
2090.014 |
1352.365 |
1251.955 |
|
|
|
|
|
|
TOTAL |
9850.454 |
7821.113 |
6751.211 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
1661.811 |
1683.874 |
1703.214 |
|
(ii)
Intangible Assets |
103.479 |
94.535 |
11.827 |
|
(iii) Tangible assets
capital work-in-progress |
0.740 |
0.000 |
0.239 |
|
(iv)
Intangible assets under development |
21.655 |
4.094 |
0.000 |
|
(b) Non-current Investments |
2482.705 |
1519.732 |
1099.515 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
675.736 |
702.412 |
783.473 |
|
(e) Other
Non-current assets |
57.473 |
92.296 |
8.291 |
|
Total Non-Current
Assets |
5003.599 |
4096.943 |
3606.559 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a) Current
investments |
2487.382 |
1849.959 |
1437.624 |
|
(b)
Inventories |
0.000 |
0.000 |
0.000 |
|
(c) Trade
receivables |
233.854 |
229.766 |
186.376 |
|
(d) Cash and
bank balances |
857.007 |
688.240 |
803.628 |
|
(e)
Short-term loans and advances |
1257.715 |
950.689 |
711.894 |
|
(f) Other
current assets |
10.897 |
5.516 |
5.130 |
|
Total
Current Assets |
4846.855 |
3724.170 |
3144.652 |
|
|
|
|
|
|
TOTAL |
9850.454 |
7821.113 |
6751.211 |
PROFIT
& LOSS ACCOUNT (STANDALONE)
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
7363.417 |
5415.587 |
4339.770 |
|
|
Other Income |
415.329 |
108.433 |
184.784 |
|
|
TOTAL |
7778.746 |
5524.020 |
4524.554 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Employee benefit expense |
1332.812 |
1047.916 |
970.730 |
|
|
Expenditure on production, transportation
and Other expenditure pertaining to
exploration and production activities |
0.000 |
0.000 |
7.914 |
|
|
CSR expenditure |
48.450 |
39.697 |
0.000 |
|
|
Other expenses |
2972.451 |
1824.377 |
1069.255 |
|
|
TOTAL |
4353.713 |
2911.990 |
2047.899 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
3425.033 |
2612.030 |
2476.655 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
3425.033 |
2612.030 |
2476.655 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
126.074 |
97.472 |
45.754 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
3298.959 |
2514.558 |
2430.901 |
|
|
|
|
|
|
|
Less |
TAX |
1055.773 |
861.002 |
796.551 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER
TAX |
2243.186 |
1653.556 |
1634.350 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
448.64 |
330.71 |
326.87 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
3300.996 |
2468.034 |
1331.724 |
|
Net cash flows from (used in) operating activities |
2202.865 |
1547.863 |
475.380 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days [Sundry Debtors / Income * 365] |
|
11.59 |
15.49 |
15.68 |
|
|
|
|
|
|
|
Account Receivables Turnover [Income / Sunday Debtors] |
|
31.49 |
23.57 |
23.29 |
|
|
|
|
|
|
|
Inventory Turnover [Operating Income / Inventories] |
|
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Asset Turnover [Operating Income / Net Fixed Assets] |
|
1.92 |
1.47 |
1.44 |
LEVERAGE RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio [(Borrowing + Current Liabilities) / Total Assets] |
|
0.21 |
0.17 |
0.19 |
|
|
|
|
|
|
|
Debt Equity Ratio (Borrowings / NetWorth) |
|
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / NetWorth) |
|
0.27 |
0.21 |
0.23 |
|
|
|
|
|
|
|
Fixed Assets to NetWorth (Net Fixed Assets / NetWorth) |
|
0.23 |
0.28 |
0.32 |
|
|
|
|
|
|
|
Interest Coverage Ratio [PBIT / Financial Charges] |
|
0.00 |
0.00 |
0.00 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin [(PAT / Sales) * 100] |
(%) |
30.46 |
30.53 |
37.66 |
|
|
|
|
|
|
|
Return on Total Assets [(PAT / Total Assets) * 100] |
(%) |
22.77 |
21.14 |
24.21 |
|
|
|
|
|
|
|
Return on Investment (ROI) [(PAT / NetWorth) * 100] |
(%) |
29.10 |
26.21 |
30.39 |
SOLVENCY RATIO
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio [Current Assets / Current Liabilities] |
|
2.32 |
2.75 |
2.51 |
|
|
|
|
|
|
|
Quick Ratio [(Current Assets - Inventories) / Current
Liabilities] |
|
2.32 |
2.75 |
2.51 |
|
|
|
|
|
|
|
G-Score Ratio Financial [NetWorth / Total Assets] |
|
0.78 |
0.81 |
0.80 |
|
|
|
|
|
|
|
G-Score Ratio Debt [Debts / Equity Capital] |
|
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
G-Score Ratio Liquidity [Total Current Assets / Total Current
Liabilities] |
|
2.32 |
2.75 |
2.51 |
Total Liability = Short-term
Debt + Long-term Debt + Current Maturities of Long-term debts
FINANCIAL ANALYSIS
[all figures are
in INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Share Capital |
500.000 |
500.000 |
500.000 |
|
Reserves & Surplus |
4877.694 |
5809.104 |
7209.784 |
|
Net
worth |
5377.694 |
6309.104 |
7709.784 |
|
|
|
|
|
|
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 |
4339.770 |
5415.587 |
7363.417 |
|
|
|
24.790 |
35.967 |
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 |
4339.770 |
5415.587 |
7363.417 |
|
Profit/ (Loss) |
1634.350 |
1653.556 |
2243.186 |
|
|
37.66
% |
30.53
% |
30.46
% |
ABRIDGED
BALANCE SHEET – (CONSOLIDATED)
|
SOURCES OF FUNDS |
|
31.03.2017 |
31.03.2016 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
500.000 |
500.000 |
|
(b) Reserves and Surplus |
|
7229.296 |
5828.928 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
|
0.000 |
0.000 |
|
Total Shareholders’
Funds (1) + (2) |
|
7729.296 |
6328.928 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
|
4.146 |
115.308 |
|
(c) Other long-term
liabilities |
|
0.844 |
1.232 |
|
(d) long-term
provisions |
|
45.666 |
43.104 |
|
Total Non-current
Liabilities (3) |
|
50.656 |
159.644 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
|
0.000 |
0.000 |
|
(b) Trade
payables |
|
699.213 |
286.854 |
|
(c) Other
current liabilities |
|
18.660 |
24.188 |
|
(d) Short-term
provisions |
|
1375.032 |
1043.650 |
|
Total Current
Liabilities (4) |
|
2092.905 |
1354.692 |
|
|
|
|
|
|
TOTAL |
|
9872.857 |
7843.264 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
1661.811 |
1683.874 |
|
(ii)
Intangible Assets |
|
103.479 |
94.535 |
|
(iii) Tangible assets
capital work-in-progress |
|
0.740 |
0.000 |
|
(iv)
Intangible assets under development |
|
21.655 |
4.094 |
|
(b) Non-current Investments |
|
2493.953 |
1528.919 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
|
675.729 |
702.411 |
|
(e) Other
Non-current assets |
|
57.473 |
92.296 |
|
Total Non-Current
Assets |
|
5014.840 |
4106.129 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
2487.382 |
1849.959 |
|
(b)
Inventories |
|
0.000 |
0.000 |
|
(c) Trade
receivables |
|
236.310 |
230.158 |
|
(d) Cash and
bank balances |
|
865.624 |
700.735 |
|
(e)
Short-term loans and advances |
|
1257.804 |
950.767 |
|
(f) Other
current assets |
|
10.897 |
5.516 |
|
Total
Current Assets |
|
4858.017 |
3737.135 |
|
|
|
|
|
|
TOTAL |
|
9872.857 |
7843.264 |
PROFIT
& LOSS ACCOUNT– (CONSOLIDATED)
|
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
|
7365.851 |
5417.133 |
|
|
Other Income |
|
415.392 |
108.556 |
|
|
TOTAL |
|
7781.243 |
5525.689 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Employee benefit expense |
|
1332.812 |
1047.916 |
|
|
CSR expenditure |
|
48.450 |
39.697 |
|
|
Other expenses |
|
2977.159 |
1830.782 |
|
|
TOTAL |
|
4358.421 |
2918.395 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
|
3422.822 |
2607.294 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
3422.822 |
2607.294 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
126.074 |
97.472 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
|
3296.748 |
2509.822 |
|
|
|
|
|
|
|
Less |
TAX |
|
1055.783 |
861.002 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
|
2240.965 |
1648.820 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
448.19 |
329.76 |
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 |
No |
|
21 |
Banking facility details |
No |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
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 |
GENERAL INFORMATION
The Company was incorporated on 7th February 1992 under The Companies Act, 1956 as a wholly owned subsidiary of State Bank of India (SBI) and is presently a joint venture between SBI and AMUNDI.
The Company was granted approval by Securities and Exchange Board of India (SEBI) under SEBI (Mutual Funds) Regulations, 1993, subsequently replaced by SEBI (Mutual Funds) Regulations, 1996, to act as the Investment Manager of SBI Mutual Fund ('the Fund'), which has launched various types of schemes till the date of the Balance Sheet. The Company manages the Investment Portfolios of the scheme(s) launched by the Fund and provides various administrative services to the Fund as laid down in the Investment Management Agreement dated December 29, 2004. The Company has a fully owned foreign subsidiary namely SBI Funds Management (International) Private Limited, which is based at Mauritius and manages an Off-shore Fund.
The Company is also registered under the SEBI (Portfolio Managers) Regulations, 1993 and provides Portfolio Management Services (PMS) to domestic and international clients.
SBI Funds Management Private Limited has set-up a trust viz. SBI Alternative Equity Fund which is registered as an Alternative Investment Fund Category III Fund with Securities Exchange Board of India (SEBI) under the SEBI AIF Regulations, 2012. SBI Funds Management Private Limited has been appointed as an Investment Manager of the said AIF by the Trustee to the Fund.
PERFORMANCE REVIEW
The Fund House has achieved a growth of 47.05% in terms of average AUM over year on year basis in 2016-17.
Our Fund House has emerged as the largest ETF Asset Manager in India, with AUM of 23,816 Million with market share of 47.43% and has also crossed 1.7 Million Systematic Investment Plan investors during the financial year ended 31st March, 2017. Monthly SIP book size has shown a steep growth of 64% year-on-year (from INR 277 Million to INR 455 Million).
The Company has been continuously striving to evolve the investment management capabilities including developing a digital channel as mode of transaction and building new investment portfolios for clients.
During the year, the Company launched six funds under SBI Debt Fund Series. In addition, the Company launched four SBI Dual Advantage Funds, one SBI Long term Advantage Fund and Exchange Traded Gilt Fund which mobilized 3888 Million.
FUTURE PLANS
1) Increasing reach in B15 cities and penetration through the digital platforms, according to us, would be the big game changers in next 2-3 years.
2) We will also keep exploring opportunities to open branches in B15 cities.
3) We have already built very strong digital platforms for Investos as well as Distributors. We plan to strengthen it further to ensure an even more smoother experience for our investors and distributors.
4) From an Investment Performance perspective, our endeavour is to continue building on our strong long-term track record which will help us feature among the top preferences for investors and distributors.
5) We expect clients to move from individual fund performance to goal based investing.
INDEX
OF CHARGES: NO CHARGES EXIST FOR THE COMPANY
CONTINGENT
LIABILITIES:
(INR in million)
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
|
Claims against company not acknowledged as debt |
4.249 |
13.492 |
|
Other money for which company is contingently liable |
0.000 |
9.489 |
FIXED ASSETS
- Building
- Plant and equipment
- Furniture and Fixture
- Office equipment
- Computer Equipments
- Leasehold improvements
- Vehicles
- Computer software
- Copyrights
- Licenses and franchise
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 65.23 |
|
|
1 |
INR 89.71 |
|
Euro |
1 |
INR 79.50 |
INFORMATION DETAILS
|
Information
Gathered by : |
KAM |
|
|
|
|
Analysis Done by
: |
VAR |
|
|
|
|
Report Prepared
by : |
KJL |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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.