|
|
|
MIRA INFORM REPORT
|
Report No. : |
512166 |
|
Report Date : |
31.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
WNS GLOBAL SERVICES PRIVATE LIMITED (w.e.f. 30.05.2008) |
|
|
|
|
Formerly Known
As : |
WORLD NETWORK SERVICES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
PL-10, Godrej & Boyce Complex, Pirojshanagar, L.B.S. Marg,
Vikhroli (West), Mumbai – 400079, Maharashtra |
|
Tel. No.: |
91-22-40952100 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2016 |
|
|
|
|
Date of
Incorporation : |
13.06.1996 |
|
|
|
|
Com. Reg. No.: |
11-100196 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 100.300 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U72200MH1996PTC100196 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
0396061281 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Divulged |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACW2598L |
|
|
|
|
GSTN : [Goods & Service Tax Registration
No.] |
Not Divulged |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is engaged in providing a variety of Business Process Management services comprising back-office administration, data management and contact center management services to customers, primarily in the travel, banking, financial services, research and analytics and insurance industries. (Registered Activity) |
|
|
|
|
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 : |
Good |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a subsidiary of “WNS (Mauritius) Limited, Mauritius” Mauritius and was incorporated in the year 1996.
|
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
31-03-2018.
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 31.05.2018
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 DENIED
Management non-cooperative (Tel No.: 91-22-67976100/40473096)
(Tel No.: 91-22-40952100 - Continuously
Ringing)
LOCATIONS
|
Registered Office/ Corporate Office :
: |
PL-10, Godrej & Boyce Complex, Pirojshanagar, L.B.S. Marg,
Vikhroli (West), Mumbai – 400079, Maharashtra, India |
|
Tel. No.: |
91-22-40952100/67976100/40473096 |
|
Fax No.: |
91-22-25188307 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Delivery Centers : |
Located at:
|
|
|
|
|
Overseas Corporate Offices : |
North America 15 Exchange Place, Jersey City, New Jersey 07302 Phone : +1 201-942-6254 Fax No.: +1 201-942-6255 United Kingdom Malta House, 36-38 Piccadilly, London, W1J 0DP Phone: +44 207 440 0800 Fax No.: +44 207 440 0808 |
DIRECTORS
As on 2018
|
Name : |
Sulakshana Jayant Patankar |
|
Designation : |
Director |
|
Address : |
Chintaman, Flat No 13, Final Plot No 120/2, Dr. Kelkar Road, Opposite Maharashtra Bank, Pune-411004, Maharashtra, India |
|
Date of Birth/Age : |
30.07.1971 |
|
Date of Appointment : |
21.10.2003 |
|
PAN No.: |
AFEPP7471H |
|
DIN No.: |
01875918 |
|
|
|
|
Name : |
Mr. Deepak Kumar Gupta |
|
Designation : |
Director |
|
Address : |
M 2/22, DLF Phase 2, Gurugram-122000, Haryana, India |
|
Date of Birth/Age : |
02.02.1967 |
|
Date of Appointment : |
30.11.2012 |
|
PAN No.: |
AATPG5011C |
|
DIN No.: |
02215150 |
|
|
|
|
Name : |
Mr. Gautam Bhupat Barai |
|
Designation : |
Director |
|
Address : |
Quantum Park, Flat No. 601/602 B-Wing, Union Park Lane Opposite Out of Blue Restaurant, Khar (West), Mumbai-400052, Maharashtra, India |
|
Date of Birth/Age : |
15.05.1974 |
|
Date of Appointment : |
23.09.2010 |
|
PAN No.: |
AACPB1050H |
|
DIN No.: |
03267869 |
|
|
|
|
Name : |
Mr. Swaminathan Rajamani |
|
Designation : |
Director |
|
Address : |
B-901, Lake Primrose, Lake Home Complex Adi Shankaracharya Marg, Near Gopal Sharma School, Powai, Mumbai-400076, Maharashtra, India |
|
Date of Birth/Age : |
22.04.1976 |
|
Date of Appointment : |
09.12.2010 |
|
PAN No.: |
APWPS7475Q |
|
DIN No.: |
03432159 |
|
|
|
|
Name : |
Mr. Gopal Kumar Agrawal |
|
Designation : |
Director |
|
Address : |
A/A-1, Shamail Complex, Ground Floor Balaji Nagar, Station Road, Bhayander (West), Thane-401101, Maharashtra, India |
|
Date of Birth/Age : |
07.08.1971 |
|
Date of Appointment : |
24.10.2011 |
|
PAN No.: |
ADZPA6931A |
|
DIN No.: |
05104675 |
|
|
|
|
Name : |
Mr. Sandeep Sharad Bhadresa |
|
Designation : |
Additional Director |
|
Address : |
401 Darshan Tower Behind Soni Park Chikuwadi Borivali (West), Mumbai -400092 , Maharashtra, India |
|
Date of Appointment : |
07.11.2017 |
|
DIN No.: |
00060340 |
KEY EXECUTIVES
|
Name : |
Mr. Neelesh Kishore Bhise |
|
Designation : |
Company Secretary |
|
Address : |
Sushan, 1st Floor, Ram Ganesh Gadkari Road, Ghantali, Thane (West) Thane 400602, Maharashtra, India |
|
Date of Appointment : |
10.05.2018 |
|
PAN No.: |
AKVPB5736D |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
|
Names of Shareholders |
No. of Shares |
Percentage |
|
WNS (Mauritius) Limited, Mauritius |
800446 |
79.81 |
|
WNS Customer Solutions (Singapore) Private Limited, Singapore |
202468 |
20.19 |
|
Total |
1002914 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2017
|
Category |
Percentage |
|
Promoters (Body corporate) |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in providing a variety of Business Process Management services comprising back-office administration, data management and contact center management services to customers, primarily in the travel, banking, financial services, research and analytics and insurance industries. (Registered Activity) |
||||
|
|
|
||||
|
Products/
Services : |
|
||||
|
|
|
||||
|
Brand Names : |
Not Available |
||||
|
|
|
||||
|
Agencies Held : |
Not Available |
||||
|
|
|
||||
|
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 : |
Walker Chandiok and Company LLP Chartered Accountants |
|
Address : |
16th Floor, Tower II, Indiabulls Finance Centre, S.B. Marg, Elphinstone Road (West), Mumbai-400013, Maharashtra, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AAAFW2498E |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Holding company (As
on 2017) : |
WNS (Mauritius) Limited (‘WNS Mauritius’) |
|
|
|
|
Subsidiary (As on
2017): |
· WNS Cares Foundation CIN No.: U93000MH2011NPL212998 · MTS HealthHelp Inc. · HealthHelp Holdings, LLC · HealthHelp LLC · Value Edge Inc. · Value Edge AG · VE Value Edge GmbH |
|
|
|
|
Associate (As on
2017): |
WNS Global Services (UK) Limited |
|
|
|
|
Ultimate holding company
(As on 31.03.2016) : |
WNS (Holdings) Limited (‘WNS Holding’) |
|
|
|
|
Fellow subsidiaries
(As on 31.03.2016) : |
· WNS Customer Solutions (Sri Lanka) Private Limited · WNS North America, Inc. · WNS Business Consulting Services Private Limited · WNS Global Services (Sri Lanka) Private Limited · WNS Capital Investment Limited · WNS Global Services (Romania) S.R.L. · WNS BPO Services Costa Rica, S.R.L. · WNS Global Services (Australia) Pty Limited · WNS Global Services Netherlands Cooperative U.A. · WNS Global Services Philippines Inc. · WNS Global Services South Africa (Pty) Limited · WNS Global Services (UK) Limited · WNS Global Services Inc. · Business Application Associates Beijing Limited. · WNS Global Services (Dalian) Company Limited · WNS Cares Foundation |
|
|
|
|
Enterprises which
are owned, or have significant influence of or are partners with Key
management personnel and their relatives (As on 31.03.2016) : |
WNS Customer Solutions (Singapore) Private Limited |
CAPITAL STRUCTURE
As on 29.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
7367000 |
Equity Shares |
INR 100/- each |
INR 736.700 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1002914 |
Equity Shares |
INR 100/- each |
INR 100.291
Million |
|
|
|
|
|
As on 31.03.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
7337000 |
Equity Shares |
INR 100/- each |
INR 733.700 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1002914 |
Equity Shares |
INR 100/- each |
INR 100.300
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
100.300 |
100.300 |
100.300 |
|
(b) Reserves and Surplus |
15923.400 |
12516.600 |
7951.200 |
|
(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) |
16023.700 |
12616.900 |
8051.500 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
4953.200 |
4953.200 |
5372.300 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long-term
liabilities |
183.400 |
152.600 |
196.800 |
|
(d) long-term
provisions |
437.900 |
407.000 |
405.500 |
|
Total Non-current
Liabilities (3) |
5574.500 |
5512.800 |
5974.600 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
0.000 |
1179.300 |
3169.100 |
|
(b) Trade
payables |
53.400 |
44.100 |
61.800 |
|
(c) Other
current liabilities |
4510.500 |
4940.500 |
4447.700 |
|
(d) Short-term
provisions |
164.100 |
142.300 |
130.800 |
|
Total Current
Liabilities (4) |
4728.000 |
6306.200 |
7809.400 |
|
|
|
|
|
|
TOTAL |
26326.200 |
24435.900 |
21835.500 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
1407.200 |
1427.000 |
1002.500 |
|
(ii)
Intangible Assets |
1075.100 |
1777.400 |
2683.100 |
|
(iii) Tangible assets
capital work-in-progress |
59.000 |
17.900 |
3.300 |
|
(iv)
Intangible assets under development |
15.500 |
11.900 |
13.000 |
|
(b) Non-current Investments |
1675.400 |
0.100 |
1717.100 |
|
(c) Deferred tax assets (net) |
720.000 |
559.700 |
694.300 |
|
(d)
Long-term loans and advances |
736.400 |
1260.100 |
1515.900 |
|
(e) Other
Non-current assets |
220.300 |
247.000 |
180.100 |
|
Total Non-Current
Assets |
5908.900 |
5301.100 |
7809.300 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
7831.200 |
7766.400 |
5019.000 |
|
(b)
Inventories |
0.000 |
0.000 |
0.000 |
|
(c) Trade
receivables |
7731.200 |
6098.800 |
5767.600 |
|
(d) Cash and
bank balances |
958.900 |
753.300 |
750.700 |
|
(e)
Short-term loans and advances |
1957.000 |
2597.800 |
2154.200 |
|
(f) Other current
assets |
1939.000 |
1918.500 |
334.700 |
|
Total
Current Assets |
20417.300 |
19134.800 |
14026.200 |
|
|
|
|
|
|
TOTAL |
26326.200 |
24435.900 |
21835.500 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
SALES |
|
|
|
|
|
Revenue
from operations |
20401.800 |
18724.800 |
18046.600 |
|
|
Other Income |
1602.700 |
1035.700 |
459.600 |
|
|
TOTAL |
22004.500 |
19760.500 |
18506.200 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
0.000 |
0.000 |
0.000 |
|
|
Employee benefit expense |
9913.600 |
9206.600 |
8366.000 |
|
|
CSR expenditure |
68.400 |
49.400 |
0.200 |
|
|
Other expenses |
4332.900 |
3974.700 |
5009.300 |
|
|
TOTAL |
14314.900 |
13230.700 |
13375.500 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
7689.600 |
6529.800 |
5130.700 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
507.500 |
542.100 |
617.500 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
7182.100 |
5987.700 |
4513.200 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
1613.000 |
1435.300 |
1412.300 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
5569.100 |
4552.400 |
3100.900 |
|
|
|
|
|
|
|
Less |
TAX |
1607.000 |
1322.900 |
807.400 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
3962.100 |
3229.500 |
2293.500 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
|
|
|
|
Basic |
3950.56 |
3220.14 |
2269.11 |
|
|
Diluted |
3382.99 |
2807.20 |
2055.67 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
5588.500 |
6013.800 |
4880.600 |
|
Net cash flows from (used in) operating activities |
4453.500 |
5101.800 |
4143.200 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
138.32 |
118.88 |
116.65 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
2.64 |
3.07 |
3.13 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
3.01 |
2.02 |
1.39 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.37 |
0.46 |
0.60 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.31 |
0.49 |
1.06 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
0.30 |
0.50 |
0.97 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.16 |
0.26 |
0.46 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
15.15 |
12.05 |
8.31 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Net Profit Margin ((PAT
/ Sales) * 100) |
% |
19.42 |
17.25 |
12.71 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
15.05 |
13.22 |
10.50 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
24.73 |
25.60 |
28.49 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current Assets / Current Liabilities) |
4.32 |
3.03 |
1.80 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
4.32 |
3.03 |
1.80 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.61 |
0.52 |
0.37 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
49.38 |
61.14 |
85.16 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
4.32 |
3.03 |
1.80 |
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 |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Share Capital |
100.300 |
100.300 |
100.300 |
|
Reserves & Surplus |
7951.200 |
12516.600 |
15923.400 |
|
Net
worth |
8051.500 |
12616.900 |
16023.700 |
|
|
|
|
|
|
long-term borrowings |
5372.300 |
4953.200 |
4953.200 |
|
Short term borrowings |
3169.100 |
1179.300 |
0.000 |
|
Total
borrowings |
8541.400 |
6132.500 |
4953.200 |
|
Debt/Equity
ratio |
1.061 |
0.486 |
0.309 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales |
18046.600 |
18724.800 |
20401.800 |
|
|
|
3.758 |
8.956 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales |
18046.600 |
18724.800 |
20401.800 |
|
Profit |
2293.500 |
3229.500 |
3962.100 |
|
|
12.71% |
17.25% |
19.42% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of establishment |
Yes |
|
2] |
Constitution of the entity Incorporation
details |
Yes |
|
3] |
Locality of the entity |
Yes |
|
4] |
Premises details |
No |
|
5] |
Buyer visit details |
-- |
|
6] |
Contact numbers |
Yes |
|
7] |
Name of the person contacted |
No |
|
8] |
Designation of contact person |
No |
|
9] |
Promoter’s background |
Yes |
|
10] |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11] |
Pan Card No. of Proprietor / Partners |
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 |
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 |
No |
|
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 |
NATURE OF OPERATIONS (As
on 31.03.2016)
The Company is engaged in providing a variety of Business Process Management (BPM) services comprising back-office administration, data management and contact center management services to customers, primarily in the travel, banking, financial services and insurance industries. In November 2014, the Company established a new branch in Singapore, WNS Global Services Private Limited (Singapore Branch). Singapore Branch is engaged in providing a variety of Business Process Management (BPM) services comprising back-office administration, data management and contact center management services to the Company.
BRIEF DESCRIPTION OF
THE COMPANY’S WORKING DURING THE YEAR/STATE OF COMPANY’S AFFAIR (As on
31.03.2016)
The Company is engaged in providing a variety of Business Process Management services comprising back-office administration, data management and contact center management services to customers, primarily in the travel, banking, financial services, research and analytics and insurance industries.
UNSECURED LOAN
|
PARTICULARS |
31.03.2016 (INR
in Million) |
31.03.2015 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Fully convertible debentures others |
4953.200 |
4953.200 |
|
Short-term
borrowings |
|
|
|
Term loans from banks |
0.000 |
740.700 |
|
Other loans and advances |
0.000 |
438.600 |
|
Total |
4953.200 |
6132.500 |
INDEX
OF CHARGES
|
S No |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G64518517 |
100135739 |
The Hongkong and Shanghai Banking Corporation Limited |
03/11/2017 |
- |
- |
10000000.0 |
52/60 MAHATMA GANDHI ROAD, FORT, MUMBAI MAHARASHTRA 400001 INDIA |
|
2 |
G59389635 |
100130276 |
The Hongkong and Shanghai Banking Corporation Limited |
11/09/2017 |
- |
- |
1255000.0 |
52/60 MAHATMA GANDHI ROAD, FORT, MUMBAI MAHARASHTRA 400001 INDIA |
|
3 |
G58110222 |
100129304 |
The Hongkong and Shanghai Banking Corporation Limited |
04/09/2017 |
- |
- |
120000.0 |
52/60 MAHATMA GANDHI ROAD, FORT, MUMBAI MAHARASHTRA 400001 INDIA |
|
4 |
C58458571 |
10579008 |
The HongKong and Shanghai Banking Corporation Limited |
08/05/2015 |
- |
- |
250000.0 |
52/60 MAHATMA GANDHI ROAD, FORT, MUMBAI MAHARASHTRA 400001 INDIA |
|
5 |
C62029780 |
10369187 |
HSBC Bank (Mauritius) Limited |
19/07/2012 |
07/08/2014 |
19/08/2015 |
358095500.0 |
HSBC CENTRE,18, CYBER CITYE BENENANAMU |
|
6 |
C00675199 |
10369188 |
HDFC BANK LIMITED |
19/07/2012 |
- |
24/03/2014 |
510000000.0 |
HDFC BANK HOUSE, SENAPATI BAPAT MARGLOWER PAREL W MUMBAI MAHARASHTRA 400013 INDIA |
|
7 |
A50425578 |
90372943 |
THE HONGKONG & SHANGHAI BANKING CORPORATION LIMITED |
29/10/2004 |
- |
04/11/2008 |
37000000.0 |
52/60 M.G. ROAD FORT MUMBAI MAHARASHTRA INDIA |
CONTINGENT
LIABILITIES:
|
PARTICULARS |
31.03.2016 (INR
in Million) |
31.03.2015 (INR
in Million) |
|
Guarantees |
13.300 |
13.500 |
|
Other money for which company is contingently liable |
4800.200 |
4688.100 |
|
Total |
4813.500 |
4701.600 |
FIXED ASSETS
- Computers
- Buildings
- Furniture and fixtures
- Equipment and fittings
- Motor vehicles
- Software and licenses rights
- Software and license rights
- Business and commercial rights
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 67.63 |
|
|
1 |
INR 89.70 |
|
Euro |
1 |
INR 78.20 |
INFORMATION DETAILS
|
Information Gathered
by : |
SHW |
|
|
|
|
Analysis Done by
: |
VAR |
|
|
|
|
Report Prepared
by : |
JYTK |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with moderate
risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on secured
terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.