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|
MIRA INFORM REPORT
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Report No. : |
510898 |
|
Report Date : |
25.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
ADITYA
BIRLA CAPITAL LIMITED (w.e.f.21.06.2017) |
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|
|
|
Formerly Known
As : |
ADITYA
BIRLA FINANCIAL SERVICES LIMITED (w.e.f.04.12.2014) ADITYA BIRLA FINANCIAL SERVICES PRIVATE LIMITED |
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|
Registered
Office : |
Indian Rayon Compound, Veraval – 362266, Gujarat |
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Tel. No.: |
91-2876-243257 |
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Country : |
India |
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Financials (as
on) : |
31.03.2018 |
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Date of
Incorporation : |
15.10.2007 |
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Com. Reg. No.: |
04-058890 |
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Capital
Investment / Paid-up Capital : |
INR 22010.400 Million |
|
|
|
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CIN No.: [Company Identification
No.] |
L67120GJ2007PLC058890 |
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GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
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IEC No.: [Import-Export Code 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.] |
AAGCA5936J |
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|
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|
Legal Form : |
A Public Limited Liability Company. The Company’s Shares are Listed on
the Stock Exchanges. |
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Line of Business
: |
Subject is engaged into Investments and Financing Activities.
[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+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
Status : |
Excellent |
|
|
|
|
Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a part of “Aditya Birla Group”. The company was incorporated in the year 2007. The company is a non-deposit taking systemically important core Investment Company and operates in a single business and single geographic segment. For the financial year 2018, the company has achieved a massive growth in its revenue as compared to previous year along with healthy profit margin of 35.18%. The sound financial profile of the company is marked by healthy networth base along with strong debt coverage indicators due to low debt balance sheet profile. Rating takes into consideration equity infused by its promoters. Rating also takes into account of strong financial and managerial support that company receives from Aditya Birla Group backed by its well experienced management team. The company has its share price trading at around INR 144.20 against the Face Value (FV) of INR 10 on BSE as on 23rd May, 2018. Business is active. Payment seems to be regular. In view of aforesaid, the company can be considered for good business dealings at usual trade terms and conditions. Note1: The name of the company has changed from “Aditya Birla Financial Services Limited” to “Aditya Birla Capital Limited” with effect from 21st June, 2017. Note2: As per the current press release Aditya Birla Capital Limited (ABCL) has launched its latest campaign “Dear Money”. With this launch, all ABCL businesses inclusive of Aditya Birla Finance Limited, Aditya Birla Sunlife Mutual Fund, Aditya Birla SunLife Insurance and Aditya Birla Health Insurance, have come together as one to serve the end-to-end financial needs of its retail and corporate customers through one brand. Note3: The Composite Scheme of Arrangement (the "Scheme") amongst the erstwhile Aditya Birla Nuvo Limited ("ABNL"), Grasim Industries Limited ("Grasim") and Aditya Birla Capital Limited (formerly known as Aditya Birla Financial Services Limited) ("ABCL"), was approved by the National Company Law Tribunal Bench at Ahmedabad on 1st June, 2017. Pursuant to the Approved Scheme, ABCL has become a subsidiary of Grasim with effect from 1st July, 2017. The Board of Directors of Grasim and ABCL executed the demerger of the financial services business ("Demerged Undertaking") from Grasim (post its amalgamation with ABNL) into ABCL effective on 4th July, 2017 and accordingly the financial services business of amalgamated Grasim has been demerged into ABCL with effect from 4th July, 2017. In accordance with the Scheme, the ABCL has recorded transferred assets and liabilities pertaining to Demerged Undertaking at the respective carrying values as appearing in the books of account of Grasim on the date of demerger; - issued 92,02,66,951 equity shares of INR 10 each, which have been issued and recorded at face value, to the shareholders' of Grasim; and - difference between the value of assets and liabilities pertaining to Demerged Undertaking, after adjusting the amount credited to share capital, has been recognised as Capital reserve. The Nomination, Remuneration and Compensation Committee at its meeting held on 15th January, 2018 has considered and approved the grant of Stock Options (constituting Options and Restricted Stock Units) of the Company up to 17,18,237 Equity Shares (i.e., 0.0781% of the fully diluted equity share capital) towards Aditya Birla Capital Limited Incentive Scheme (the "Scheme") based on the list of eligible grantees provided by Grasim Industries Limited ("Grasim") in terms of clause 18.3 of the Composite Scheme of Arrangement between the Company, Aditya Birla Nuvo Limited (erstwhile) and Grasim Industries Limited. |
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 |
CRISIL |
|
Rating |
Commercial Paper = A1+ |
|
Rating Explanation |
Very strong degree of safety and carry
lowest credit risk. |
|
Date |
26.12.2017 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2018.
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 25.05.2018
IBBI (Insolvency and Bankruptcy Board of India) LISTING STATUS
Subject’s name is not listed in the publicly
available IBBI (Insolvency and Bankruptcy Board of India) list as of report
date.
INFORMATION DECLINED
MANAGEMENT NON-COOPERATIVE
[TEL. NO.: 91-2876-243257/ 91-22-43567000]
LOCATIONS
|
Registered Office : |
Indian Rayon Compound, Veraval – 362266, Gujarat, India |
|
Tel. No.: |
91-2876-243257/ 245711/ 248769/ 248766 |
|
Fax No.: |
91-2876-243220 |
|
E-Mail : |
sailesh.daga@adityabirlacapital.com pinky.mehta@adityabirlacapital.com
|
|
Website : |
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|
|
|
Corporate Office : |
One Indiabulls Centre, Tower 1, 18th Floor, Jupiter Mill Compound, 841 S.B Marg, Elphinstone Road, Mumbai – 400013, Maharashtra, India |
|
Tel. No.: |
91-22-43567000 |
|
Fax No.: |
91-22-43567111 |
|
E-Mail : |
DIRECTORS
AS ON 31.03.2018
|
Name : |
Mr. Subhash Chandra Bhargava |
|
Designation : |
Director |
|
Address : |
1305, Dosti Aster (Dosti Acres), New Uphil
Link Road Off S. M. Road, Antop Hill, Wadala (East), Mumbai – 400037, Maharashtra,
India |
|
Date of Appointment : |
01.09.2016 |
|
DIN No.: |
00020021 |
|
|
|
|
Name : |
Mr. Hayagreeva Ravikumar Puranam |
|
Designation : |
Director |
|
Address : |
501 Yashowan Towers, Behind Mahim Post
Office T. H. Kataria Marg, Mahim (West), Mumbai – 400016, Maharashtra,
India |
|
Date of Appointment : |
26.06.2017 |
|
DIN No.: |
00280010 |
|
|
|
|
Name : |
Mr. Arun Kumar Kumar Adhikari |
|
Designation : |
Director |
|
Address : |
903, A Wing, 9th Floor, Vivarea Sane Guruji
Marg, Mahalaxmi (East), Mumbai – 400011, Maharashtra, India |
|
Date of Appointment : |
26.06.2017 |
|
DIN No.: |
00591057 |
|
|
|
|
Name : |
Mr. Vijayalakshmi Rajaram Iyer |
|
Designation : |
Director |
|
Address : |
C-1, Goodwill CHS Limited, Opposite
Jankalyan Sahkari Bank, J.B. Nagar, Andheri (East), Mumbai – 400059, Maharashtra,
India |
|
Date of Appointment : |
26.06.2017 |
|
DIN No.: |
05242960 |
|
|
|
|
Name : |
Mr. Kumar Mangalam Birla |
|
Designation : |
Additional Director |
|
Address : |
Mangal Adityayan, 20 Carmichel Road, Behind Jaslok
Hospital, Mumbai 400026, Maharashtra, India |
|
Date of Appointment : |
26.10.2017 |
|
DIN No.: |
00012813 |
|
|
|
|
Name : |
Mr. Santrupt Misra |
|
Designation : |
Additional Director |
|
Address : |
3101, 31 Zahra Tower Dr. Moses Road, Worli, Mumbai 400018,
Maharashtra, India |
|
Date of Appointment : |
26.10.2017 |
|
DIN No.: |
00013625 |
|
|
|
|
Name : |
Mr. Sushil Agarwal |
|
Designation : |
Additional Director |
|
Address : |
Ocean C.H. Society Limited, 301, Ocean View Union Park,
Khar West, Mumbai 400052, Maharashtra, India |
|
Date of Appointment : |
26.10.2017 |
|
DIN No.: |
00060017 |
|
|
|
|
Name : |
Hayagreeva Ravikumar Puranam |
|
Designation : |
Director |
|
Address : |
501 Yashowan Towers, Behind Mahim Post Office T. H.
Kataria Marg, Mahim – West, Mumbai 400016, Maharashtra, India |
|
Date of Appointment : |
26.06.2017 |
|
DIN No.: |
00280010 |
|
|
|
|
Name : |
Mr. Arun Kumar Adhikari |
|
Designation : |
Director |
|
Address : |
903 A Wing, 9th Floor, Vivarea Sane Guruji Marg, Mahalaxmi
East, Mumbai 400011, Maharashtra, India |
|
Date of Appointment : |
26.06.2017 |
|
DIN No.: |
00591057 |
|
|
|
|
Name : |
Mrs. Vijayalakshmi Rajaram Iyer |
|
Designation : |
Director |
|
Address : |
C-1, Goodwill CHS Ltd, Opposite Jankalyan Sahkari Bank,
J.B. Nagar, Andheri (East), Mumbai 400059, Maharashtra, India |
|
Date of Appointment : |
26.06.2017 |
|
DIN No.: |
05242960 |
KEY EXECUTIVES
|
Name : |
Mr. Ajay Srinivasan |
|
Designation : |
CEO (KMP) |
|
Address : |
2601 / 2603, Vivarea Building, Jacob Circle, Mahalaxmi, Mumbai 400011, Maharashtra, India |
|
Date of Appointment : |
27.03.2015 |
|
PAN No.: |
AAIPS1096G |
|
|
|
|
Name : |
Ms. Pinky Atul Mehta |
|
Designation : |
CFO (KMP) |
|
Address : |
602, Shree Vishwas CHSL, 6th Floor, Sir P M Road, Near Kunku Wadi, Hanuman Temple, Vile Parle (East), Mumbai – 400057, Maharashtra, India |
|
Date of Appointment : |
01.07.2017 |
|
PAN No.: |
AAHPM2967P |
|
|
|
|
Name : |
Mr. Sailesh Kumar Daga |
|
Designation : |
Company Secretary |
|
Address : |
Flat No.421, Tower 6, Soham Park, Hari Om Nagar, Mulund (East), Mumbai 400081, Maharashtra, India |
|
Date of Appointment : |
27.03.2015 |
|
PAN No.: |
ADIPD1752F |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 31.03.2018
|
Category of
shareholder |
Total nos. shares held |
Shareholding as a % of total no. of shares (calculated as per SCRR,
1957)As a % of (A+B+C2) |
|
(A) Promoter & Promoter Group |
1601288195 |
72.75 |
|
(B) Public |
599751153 |
27.25 |
|
Grand
Total |
2201039348 |
100.00 |
Statement showing
shareholding pattern of the Promoter and Promoter Group
|
Category of
shareholder |
Total nos. shares held |
Shareholding as a % of total no. of shares (calculated as per SCRR,
1957)As a % of (A+B+C2) |
|
|
A1) Indian |
|
||
|
Individuals/Hindu undivided Family |
12,19,624 |
0.06 |
|
|
ADITYA VIKRAM KUMARMANGALAM BIRLA HUF . |
1,25,608 |
0.01 |
|
|
NEERJA BIRLA |
1,02,286 |
0.00 |
|
|
RAJASHREE BIRLA |
7,73,989 |
0.04 |
|
|
VASAVADATTA BAJAJ |
1,65,951 |
0.01 |
|
|
KUMAR MANGALAM BIRLA |
51,790 |
0.00 |
|
|
Any Other (specify) |
1,56,64,52,443 |
71.17 |
|
|
BIRLA CONSULTANTS LIMITED |
1,22,334 |
0.01 |
|
|
BIRLA INDUSTRIAL FINANCE (INDIA) LIMITED |
1,22,479 |
0.01 |
|
|
BIRLA INDUSTRIAL INVESTMENTS (INDIA) LIMITED |
26,119 |
0.00 |
|
|
ECE INDUSTRIES LTD. |
4,71,931 |
0.02 |
|
|
GRASIM INDUSTRIES LIMITED |
1,23,22,40,000 |
55.98 |
|
|
HINDALCO INDUSTRIES LIMITED |
3,95,11,455 |
1.80 |
|
|
BIRLA GROUP HOLDINGS PRIVATE LIMITED |
76,68,178 |
0.35 |
|
|
RAJRATNA HOLDINGS PRIVATE LIMITED |
938 |
0.00 |
|
|
UMANG COMMERCIAL COMPANY PRIVATE LIMITED |
3,74,44,766 |
1.70 |
|
|
VIKRAM HOLDINGS PVT LTD |
1,050 |
0.00 |
|
|
VAIBHAV HOLDINGS PRIVATE LIMITED |
938 |
0.00 |
|
|
BIRLA INSTITUTE OF TECHNOLOGY AND SCIENCE |
9,25,687 |
0.04 |
|
|
Pilani Investment And Industries Corporation Ltd. |
3,16,73,756 |
1.44 |
|
|
RENUKA INVESTMENTS & FINANCE LIMITED |
3,39,059 |
0.02 |
|
|
IGH HOLDINGS PRIVATE LIMITED |
4,68,87,810 |
2.13 |
|
|
TURQUOISE INVESTMENT AND FINANCE PRIVATE LIMITED |
5,89,67,770 |
2.68 |
|
|
TRAPTI TRADING AND INVESTMENTS PRIVATE LIMITED |
5,81,35,303 |
2.64 |
|
|
TGS INVESTMENT & TRADE PRIVATE LIMITED |
5,02,34,905 |
2.28 |
|
|
MANAV INVESTMENT AND TRADING CO. LTD. |
16,77,965 |
0.08 |
|
|
Sub Total A1 |
1,56,76,72,067 |
71.22 |
|
|
A2) Foreign |
|
||
|
Any Other (specify) |
3,36,16,128 |
1.53 |
|
|
P.T. Indo Bharat Rayon |
2,80,05,628 |
1.27 |
|
|
P T Sunrise Bumi Textiles |
17,76,250 |
0.08 |
|
|
P T elegant Textile Industry |
11,32,250 |
0.05 |
|
|
Thai Rayon Public Company Limited |
26,95,000 |
0.12 |
|
|
Surya Kiran Investments Pte Limited |
7,000 |
0.00 |
|
|
Sub Total A2 |
3,36,16,128 |
1.53 |
|
|
A=A1+A2 |
1,60,12,88,195 |
72.75 |
Statement showing
shareholding pattern of the Public shareholder
|
Category & Name
of the Shareholders |
Total no. shares held |
Shareholding % calculated as per SCRR, 1957 As a % of (A+B+C2) |
|
|
B1) Institutions |
|
||
|
Mutual Funds/ |
2,98,81,504 |
1.36 |
|
|
Alternate Investment Funds |
5,70,30,955 |
2.59 |
|
|
PI OPPORTUNITIES FUND I |
5,58,07,167 |
2.54 |
|
|
Foreign Portfolio Investors |
11,59,30,692 |
5.27 |
|
|
Financial Institutions/ Banks |
95,68,796 |
0.43 |
|
|
Insurance Companies |
5,84,88,213 |
2.66 |
|
|
LIFE INSURANCE CORPORATION OF INDIA |
5,34,47,959 |
2.43 |
|
|
Any Other (specify) |
3,780 |
0.00 |
|
|
Foreign bodies- DR |
3,780 |
0.00 |
|
|
Sub Total B1 |
27,09,03,940 |
12.31 |
|
|
B2) Central Government/
State Government(s)/ President of India |
|
||
|
Central Government/ State Government(s)/ President of India |
11,068 |
0.00 |
|
|
Sub Total B2 |
11,068 |
0.00 |
|
|
B3)
Non-Institutions |
|
||
|
Individual share capital upto INR 0.200 Million |
18,59,33,815 |
8.45 |
|
|
Individual share capital in excess of INR 0.200 Million |
3,32,71,704 |
1.51 |
|
|
NBFCs registered with RBI |
4,41,419 |
0.02 |
|
|
Overseas Depositories (holding DRs) (balancing figure) |
2,13,27,418 |
0.97 |
|
|
Any Other (specify) |
8,78,61,789 |
3.99 |
|
|
Foreign Nationals |
33,739 |
0.00 |
|
|
Non-Resident Indian (NRI) |
1,11,23,411 |
0.51 |
|
|
Trusts |
33,34,315 |
0.15 |
|
|
Clearing Members |
18,44,050 |
0.08 |
|
|
Overseas Corporate Bodies |
1,83,61,303 |
0.83 |
|
|
Bodies Corporate |
5,31,64,971 |
2.42 |
|
|
Sub Total B3 |
32,88,36,145 |
14.94 |
|
|
B=B1+B2+B3 |
59,97,51,153 |
27.25 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged into Investments and Financing Activities.
[Registered Activity] |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
Not Divulged |
|
|
|
|
Terms : |
|
|
Selling : |
Not Divulged |
|
|
|
|
Purchasing : |
Not Divulged |
PRODUCTION STATUS (NOT AVAILABLE)
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the Management |
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Bankers : |
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Facilities : |
-- |
|
|
|
|
Auditors : [As On 31.03.2018] |
|
|
Name : |
Deloitte Haskins and Sells Chartered Accountants |
|
|
|
|
Auditors : [As On 31.03.2017] |
|
|
Name : |
S.R. Batliboi and Company LLP Chartered Accountants |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Holding Company : [As On 31.03.2017] |
Aditya Birla Nuvo Limited (CIN No.: L17199GJ1956PLC001107) |
|
|
|
|
Subsidiary Companies : [As On 31.03.2017] |
·
Aditya Birla Capital Advisors Private Limited ·
Aditya Birla Customer Services Limited ·
Aditya Birla Financial Shared Services Limited ·
Aditya Birla Trustee Company Private Limited ·
Aditya Birla Money Limited ·
Aditya Birla Money Mart Limited ·
Aditya Birla Insurance Brokers Limited ·
Aditya Birla Finance Limited ·
Aditya Birla Housing Finance Limited ·
Birla Sun Life Asset Management Company Limited ·
Birla Sun Life Insurance Company Limited [w.e.f.
March 23, 2017] ·
Birla Sun Life Pension Management Limited (100%
Subsidiary of Birla Sun Life Insurance Company Limited w.e.f. March 23, 2017) ·
Aditya Birla Health Insurance Co. Limited ·
ABCAP Trustee Company Private Limited ·
Aditya Birla Commodities Broking Limited (100%
Subsidiary of Aditya Birla Money Limited) ·
Aditya Birla Wellness Private Limited (w.e.f.
June 23, 2016) ·
Aditya Birla Money Insurance Advisory Services
Limited (100% Subsidiary of Aditya Birla Money Mart Limited) ·
Birla Sun Life Trustee Company Private Limited ·
Birla Sun Life AMC (Mauritius) Ltd. (100%
Subsidiary of Birla Sun Life Asset Management Company Limited) ·
Aditya Birla Sun Life AMC Ltd; Dubai (100%
Subsidiary of Birla Sun Life Asset Management Company Limited) ·
Aditya Birla Sun Life AMC Pte. Ltd; Singapore
(100% Subsidiary of Birla Sun Life Asset Management Company Limited) ·
India Advantage Fund Ltd; Mauritius (100%
Subsidiary of Birla Sun Life Asset Management Company Limited) ·
International Opportunities Fund — SPC, Cayman
Islands (100% Subsidiary of Aditya Birla Sun Life AMC Pte. Ltd. Singapore) ·
Global Clean Energy Fund SPC (100% Subsidiary of Aditya
Birla Sun Life AMC Pte. Ltd. Singapore) (w.e.f. April 01, 2016) ·
Aditya Birla ARC Limited (w.e.f. March 10, 2017) |
|
|
|
|
Fellow Subsidiaries : [As On 31.03.2017] |
· ABNL Investment Limited · Idea Cellular Limited · Aditya Birla Idea Payments Bank Limited |
CAPITAL STRUCTURE
AS ON 31.03.2018
Authorised Capital : Not Available
Issued, Subscribed & Paid-up Capital : INR 22010.400 Million
AS ON 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2200000000 |
Equity Shares |
INR 10/- each |
INR 22000.000 Million |
|
1800000000 |
Preference Shares |
INR 10/- each |
INR 18000.000 Million |
|
|
|
|
|
|
|
Total |
|
INR 40000.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1232240000 |
Equity Shares |
INR 10/- each |
INR
12322.400 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2018 |
31.03.2017 |
31.03.2016 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
22010.400 |
12322.400 |
25336.200 |
|
(b) Reserves & Surplus |
49430.500 |
33786.630 |
5960.939 |
|
(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) |
71440.900 |
46109.030 |
31297.139 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
1032.600 |
0.000 |
0.000 |
|
(c)
Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d)
long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
1032.600 |
0.000 |
0.000 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
6749.600 |
4929.699 |
0.000 |
|
(b)
Trade payables |
390.500 |
179.781 |
131.167 |
|
(c)
Other current liabilities |
125.400 |
16.281 |
2.688 |
|
(d)
Short-term provisions |
370.800 |
319.426 |
32.201 |
|
Total
Current Liabilities (4) |
7636.300 |
5445.187 |
166.056 |
|
|
|
|
|
|
TOTAL |
80109.800 |
51554.217 |
31463.195 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
275.600 |
24.824 |
8.028 |
|
(ii)
Intangible Assets |
60.100 |
12.809 |
3.418 |
|
(iii)
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv) Intangible assets under development |
0.400 |
46.662 |
0.000 |
|
(b) Non-current Investments |
78494.100 |
50539.676 |
31163.530 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
225.300 |
82.441 |
52.523 |
|
(e)
Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
79055.500 |
50706.412 |
31227.499 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
64.600 |
299.852 |
0.000 |
|
(b)
Inventories |
0.000 |
0.000 |
0.000 |
|
(c)
Trade receivables |
0.000 |
0.000 |
0.000 |
|
(d)
Cash and cash equivalents |
19.600 |
24.661 |
31.291 |
|
(e)
Short-term loans and advances |
708.100 |
19.793 |
21.934 |
|
(f)
Other current assets |
262.000 |
503.499 |
182.471 |
|
Total
Current Assets |
1054.300 |
847.805 |
235.696 |
|
|
|
|
|
|
TOTAL |
80109.800 |
51554.217 |
31463.195 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2018 |
31.03.2017 |
31.03.2016 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
1747.900 |
349.879 |
72.762 |
|
|
|
Other Income |
4.600 |
0.338 |
0.720 |
|
|
|
TOTAL (A) |
1752.500 |
350.217 |
73.482 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Employees benefits expense |
222.700 |
244.513 |
35.660 |
|
|
|
Other expenses |
656.200 |
56.592 |
25.274 |
|
|
|
TOTAL (B) |
878.900 |
301.105 |
60.934 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
873.600 |
49.112 |
12.548 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
253.800 |
5.340 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
619.800 |
43.772 |
12.548 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
4.900 |
1.382 |
0.289 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
614.900 |
42.390 |
12.259 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.000 |
0.000 |
17.095 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
614.900 |
42.390 |
(4.836) |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (INR) |
0.32 |
0.05 |
(0.01) |
|
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
PARTICULARS |
31.03.2018 |
31.03.2017 |
31.03.2016 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
|
|
|
|
|
Cash Generated from operations |
NA |
(274.857) |
(190.918) |
|
|
|
|
|
|
Net Cash (Used in) / from Operating Activities |
NA |
(305.819) |
(212.680) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2018 |
31.03.2017 |
31.03.2016 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
2.60 |
0.58 |
1.10 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2018 |
31.03.2017 |
31.03.2016 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.10 |
0.11 |
0.01 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.09 |
0.11 |
0.00 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.11 |
0.12 |
0.01 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
3.44 |
9.20 |
0.00 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2018 |
31.03.2017 |
31.03.2016 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
35.18 |
12.12 |
(6.65) |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
0.77 |
0.08 |
(0.02) |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
0.86 |
0.09 |
(0.02) |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2018 |
31.03.2017 |
31.03.2016 |
|
Current Ratio (Current
Assets / Current Liabilities) |
0.14 |
0.16 |
1.42 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.14 |
0.16 |
1.42 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.89 |
0.89 |
0.99 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
0.31 |
0.40 |
0.00 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
0.14 |
0.16 |
1.42 |
Total
Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term
debts
STOCK
PRICES
|
Face Value |
INR 10/- |
|
|
|
|
Market Value |
INR 144.20/- |
FINANCIAL ANALYSIS
[all figures are
in INR Million]
DEBT EQUITY RATIO
|
Particulars |
31.03.2016 |
31.03.2017 |
31.03.2018 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Share Capital |
25336.200 |
12322.400 |
22010.400 |
|
Reserves & Surplus |
5960.939 |
33786.630 |
49430.500 |
|
Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
31297.139 |
46109.030 |
71440.900 |
|
|
|
|
|
|
Long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
0.000 |
4929.699 |
6749.600 |
|
Total
borrowings |
0.000 |
4929.699 |
6749.600 |
|
Debt/Equity ratio |
0.000 |
0.107 |
0.094 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2016 |
31.03.2017 |
31.03.2018 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales |
72.762 |
349.879 |
1747.900 |
|
|
|
380.854 |
399.573 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2016 |
31.03.2017 |
31.03.2018 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales |
72.762 |
349.879 |
1747.900 |
|
Profit/ (Loss) |
(4.836) |
42.390 |
614.900 |
|
|
-6.65% |
12.12% |
35.18% |
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 |
No |
|
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 |
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 |
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 |
INDEX OF CHARGES: NO CHARGES
EXISTS FOR COMPANY
UNSECURED LOANS
|
PARTICULARS |
31.03.2018 (INR
In Million) |
31.03.2017 (INR
In Million) |
|
SHORT-TERM BORROWINGS |
|
|
|
Commercial Papers |
4929.699 |
0.000 |
|
|
|
|
|
Total |
4929.699 |
0.000 |
CORPORATE INFORMATION
[AS ON 31.03.2017]
Subject was incorporated on October 15, 2007. The Company is a Public Limited Company incorporated under the provisions of the Companies Act, 1956. The registered office of the Company is located at Indian Rayon Compound, Veraval, Gujarat - 362266. The Company had received Certificate of Registration from the Reserve Bank of India ('RBI') on May 19, 2009 to commence/carry on the business of non-banking financial institution.
The company is a Non-Deposit taking Systemically Important Core
Investment Company (CIC-ND-SI) registered with the Reserve Bank of India vide
certificate no- B.01.00555 dated October 16, 2015. The company has been set up
as a holding company for the Financial Services Business of Aditya Birla Nuvo
Limited.
SCHEME OF ARRANGEMENT BETWEEN SUBSIDIARY
COMPANIES: [AS ON 31.03.2017]
During the year, the Hon'ble High Court of Gujarat, Ahmedabad approved the Scheme of Arrangement vide order O/COMP/445/2016 dated November 24, 2016, and the certified true copies of the scheme and order were received on December 21, 2016., whereby the Wealth Management Undertaking of Aditya Birla Money Mart Limited (ABMM), a subsidiary of the Company was demerged and transferred to Aditya Birla Finance Limited (ABEL), also a subsidiary of the Company, with the Appointed Date of April 1, 2016. The Scheme of Arrangement was made effective on December 31, 2016.
In consideration of the demerger, the Company has received 10,277,778 equity shares of INR 10 each of ABEL as per the share entitlement ratio determined based on an independent valuation report at 3 equity shares of INR 10 each in ABEL for every 8 equity shares of INR 10 each f held in ABMM and 1 equity share of INR 10 each in ABEL for every 36 0.01%-Redeemable Non-Convertible Preference Shares of INR 10 each held in ABMM.
As per the Scheme of Arrangement, the general purpose borrowings in ABMM have been transferred to the Company in proportion to the value of assets transferred to ABFL. Accordingly, ABFL has issued 0.1%-Compulsory Convertible Debentures (CCD) of value of INR 239.913 Million to the Company in lieu of such amount of CCD of ABMM which were transferred to ABFL. Hence the current holding pattern of CCD's by the Company is as under:
a) ABFL - INR 239.913 Million
b) AMML - INR 260.087 Million
The carrying value of the investments in ABMM (net of impairment) is considered to be at fair value of asset given up for equity shares received from ABFL.
FIXED ASSETS:
· Furniture and Fixtures
· Office Equipment
· Vehicles
· Computer Software
PRESS RELEASES
ADITYA BIRLA
CAPITAL’S #DEARMONEY CAMPAIGN ENCOURAGES PEOPLE TO HAVE A CONVERSATION AROUND
MONEY
07.11.2017
Taproot has conceptualised the campaign for the launch of a whole new category, ‘money’, by Aditya Birla Capital, the holding company of all the financial services businesses of the group
Aditya Birla Capital Limited (ABCL) has launched its #DearMoney, commercial through a high-octane campaign across 51 TV channels, 14 radio stations, OOH locations, Facebook, YouTube, Instagram and websites.
Directed by Ram Madhvani, the TVC has been created by Taproot Dentsu India with FoxyMoron Media handling the digital campaign roll-out and MindShare India being responsible for the digital and TV media planning. Fitch India was responsible for the creation of the new visual brand identity for Aditya Birla Capital.
This is the very first campaign to be launched post the formation of Aditya Birla Capital, which is the holding company of all the financial services businesses of the Aditya Birla Group and one of the leading financial services players in India. With this launch, all ABCL businesses, inclusive of Aditya Birla Finance Limited, Aditya Birla Sunlife Mutual Fund, Aditya Birla SunLife Insurance and Aditya Birla Health Insurance, have come together as one to serve the end-to-end financial needs of its retail and corporate customers through one brand.
The campaign highlights the launch of a whole new category, money, and the launch of a whole new way in which financial brands enter and become a part of people's lives through their life's needs. Money is not an easy topic to talk about as the complexities surrounding it are unique to every individual. And therefore most of us do not like to talk about money, not just with others, but often even with ourselves.
The objective of the campaign is to provoke people to start a conversation about money, with money! In a unique one-on-one conversation across all channels and mediums, the campaign touches on the issues the people of India have in relation to their money and self-realise the need for money in various aspects of their life. For only when people start actively thinking about their money, will they take the first step towards planning it for all their life's needs, throughout their lives.
Chief Executive Officer, Ajay Srinivasan, Aditya Birla Capital, said, “We are a brand built on empathy for people's life's needs and their hard-earned money. We are a brand that believes in earning people's trust. And we are a brand that simplifies everything that is complicated with financial services. Our belief is that it is the empathy, the trust and the simplicity that will make us an endearing and preferred brand. Moving away from the traditional approach of pushing a product, our brand solutions are built on three key need pillars – protecting, investing and financing. In everything we do and say, our endeavour will be to understand an individual's needs and accordingly advice or recommend the right solution for their life's needs, throughout their life. And with this, we believe we will change the way our category operates.”
Commenting on the choice of theme, Ajay Kakar, Chief Marketing Officer, Aditya Birla Capital, added, “A brand is like a personality with attributes and a purpose. It comes alive not just by what you see on TV or on billboards but by the way you experience the brand. We are not just launching a new brand for the people of India, we are, in fact, putting into action a new role that financial services will play in the lives of every Indian. We are here to enable individuals to protect what they value; to invest so they can live a life they aspire to live; and to finance their dreams, needs and desires. We want to build this into a brand such that whenever a customer thinks of money, they think of us. We want to make this a pre-eminent brand in India standing for empathy, simplicity and top performance. This is how we will be able to earn people's trust. And, only with their trust will they give us the permission to be their partners through all of their life's needs.”
Agnello Dias, Chairman and Chief Creative Officer, Taproot Dentsu India, added, "We needed an open letter from the people of India to a puzzle called money. We focused on taking this conversation out of homes and dining tables to start a collective exchange about all things money. Hopefully the film will encourage each of us to start having real-time conversations with our own #DearMoney in a light-hearted yet insightful way."
Vinod Thadani, Chief Digital Officer, Mindshare South Asia shared, “#DearMoney is a revolutionary campaign that seeks to provoke people into re-thinking their finances. The rollout across various mediums like mobile, digital, social and native have hence been extremely innovative and at a scale aimed to reach out to as many people as we can. With every medium having its own unique conversation, the campaign has been one of the most engaging and interesting we have worked on yet.”
Anita Kotwani, Client Leadership, Mindshare, commented, “The purpose behind the #DearMoney campaign will change the way we look at our hard-earned money forever and hence our excitement at being associated with such innovative thinking is palpable. We are sure that the people of India will appreciate this unique conversation and participate in it, whole-heartedly.”
Dominic Twford, Client Services Director, Fitch, explained, “Positioning and establishing the Aditya Birla Capital brand has been an enormously complex yet rewarding experience for Fitch. For two years, we have worked as partners with the client team. Unlike the usual client-agency relationship we came together as one united team, all fully committed to changing the financial services industry in India."
Pratik Gupta, Co-Founder, FoxyMoron, said, “Money has always been a sensitive topic in our society. The cumulative intent of the communication was to solve this perennial issue by hitting it hard. With #DearMoney, we are speaking directly of the problems faced and giving customised solutions for all your money needs. To be a part of such a big change has been a truly fulfilling experience for all of us at FoxyMoron and we are super excited about what we have in store for the brand in the near future.”
ADITYA BIRLA
CAPITAL'S 2 FIRMS APPLY TO NCLT FOR MERGER
MAY 15, 2018
NEW DELHI: Aditya Birla Capital Ltd (ABCL) said today that two of its units are in the process of merging and they will file application before the Ahmedabad bench of NCLT for integration.
In a regulatory filing, ABCL said: "Aditya Birla Money Limited (ABML),
subsidiary of the company and Aditya Birla Commodities Broking Limited (ABCBL),
a step-down subsidiary of the company (and wholly owned subsidiary of ABML) are
in the process of filing applications before the National Company Law Tribunal,
Ahmedabad Bench, for approval of a Scheme of Amalgamation for the merger of
ABCBL into ABML.".
ABCL said that post the merger of Forward Markets Commission (FMC)
with SEBI, its move will enable integration of both the security and commodity
broking into a single entity thereby facilitating ease of doing business.
"The scheme would consolidate the investments within the transferee
company (ABML) to simplify the complexity of the corporate structure and
eliminate the duplication in administrative cost and multiple record-keeping,
achieve operational efficiency and thus resulting in cost savings," it
said in a regulatory filing.
The authorised share capital of ABCBL was at INR 70.000 Million as on December
2017 while that of ABML was at INR 250.000 Million.
The ABCL stock closed 1.57 per cent lower at INR 147.45 on BSE, while ABML closed marginally up at INR 61.85 on BSE.
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
1] INFORMATION ON
DESIGNATED PARTY
No records exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals have
been formally charged or convicted by a competent governmental authority for
any financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 68.39 |
|
UK Pound |
1 |
INR 91.44 |
|
Euro |
1 |
INR 80.14 |
INFORMATION DETAILS
|
Information
Gathered by : |
SAV |
|
|
|
|
Analysis Done by
: |
VAR |
|
|
|
|
Report Prepared
by : |
BVA |
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 |
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.