ORBIS FINANCIAL CORPORATION LIMITED UNLISTED SHARE
Established on 28 November 2005 Orbis Financial Corporation Limited is registered at the Registrar of Companies, Delhi. Its authorized share capital is Rs. 1,33,00,00,000 and its paid-up capital is Rs.8,76,24,00,000. ORBIS is a ‘One-stop solution’ offering various securities services to the entire array of financial investors and intermediaries taking its offering into to a broad array of Investors including foreign and domestic institutional investors including FPI, FDI, Mutual Funds, Insurance companies, Endowments & Trusts, High Net worth Individuals, AIFs, Stock Brokers, Private Banks, and Portfolio Managers. Headquartered in Gurugram, Haryana. Orbis has played a credible role in the growth of Indian Capital Markets offering a wide range of Securities Services. Orbis Financial Corporation Limited is a focused financial services company dedicated to Investor servicing in inter-related verticals namely Custody & Fund Accounting services, Commodity clearing, Equity derivatives clearing, Currency derivatives clearing, and Share Transfer Agency and Trustee services. Though a privately funded organization, without any backing of banks or financial institutions, Orbis has managed to establish itself in a leadership position as an Indian Financial Market Intermediary.
INCORPORATION DETAILS
|
CIN |
U67120HR2005PLC036952 |
|
Registration Date |
28/11/2005 |
|
Company Name |
ORBIS FINANCIAL CORPORATION LIMITED |
|
Email Address |
compliance@orbisfinancial.in |
|
Category/Sub-category of the Company |
Public Company Limited by Shares/Indian Non-Govt. Co |
|
Registration Number |
36952 |
|
Address of the Registered office & contact details |
4A Ocus Technopolis, Sector 54, Golf Club Road, Gurugram – 122002, Haryana, India Telephone: +91 124 4546565 Fax: +91 124 454 6500 Website -www.orbisfinancial.in |
|
Company Secretary & Compliance Officer |
Ms. Rini Jangid |
|
Name, Address & contact details of the Registrar & Transfer Agent, if any |
Skyline Financial Services Private Limited, D-153, A I Floor, Okhla Industrial Area, Phase – I, New Delhi-110020 |
PARTICULARS OF HOLDING, SUBSIDIARY & ASSOCIATE COMPANIES
|
S.NO. |
Name Of The Company |
Category |
%Of Shares Held |
|
1. |
Orbis Trusteeship Services Pvt Ltd |
Subsidiary Company |
100% |
BOARD OF DIRECTORS
|
S.NO. |
Name of the Directors |
Category |
|
1. |
Atul Gupta |
Executive Chairman |
|
2. |
Shyamsunder Agarwal |
Managing Director & CEO |
|
3. |
Manasi Gupta |
Non-Executive Director |
|
4. |
Michael Johann Eduard Jaeggi |
Non-Executive Director |
|
5. |
Pranay Kothari |
Non-Executive and Independent Director |
|
6. |
R. C. Jain |
Non-Executive Director |
|
7. |
Shachindra Nath |
Non-Executive and Independent Director |
|
8. |
S.A.R. Acharya |
Non-Executive Director |
Principal Business Activities of the Company
|
Name & Description of main products/services |
NIC Code of the Product /service |
% to the total turnover of the company |
|
Activities auxiliary to financial service activities |
66190 |
100% |
SHAREHOLDING PATTERN (As of 31-03-2021)
|
S. No. |
Shareholder’s Category |
No. of Shares |
% of total Shares of the company |
|
1 |
PROMOTERS |
40,112,787 |
45.77% |
|
2 |
PUBLIC |
47,511,213 |
54.23% |
|
|
Total |
87,624,000 |
100% |
INDUSTRY OUTLOOK
February 19, 2020, marked the stock market peak before the outbreak of the COVID-19 pandemic that triggered a freefall in share prices.
During the year under review, the Company has injected fresh capital paving the way to fuelling its growth. This new induction of capital takes the subscribed equity capital to INR 876.24 million and the net worth to INR 1544.91 million. Overall macro-level indicators in the Indian economy had taken headwinds because of the COVID-19 Pandemic but the capital market remained buoyant during the year.
Key Highlight of the current fiscal is revenue growth which was up by almost 95.05% and PBT which has increased by 14.61%. The Asset under Custody as of March 31, 2021, stands at INR 341,282.30 million as compared to INR 103,932.60 million as of March 31, 2020, which is a steep increase of about 228%.
Government policies and FII inflows provided strong support to the markets. The market opportunity size is increasing as the world is realizing the potential of India’s growing economy and this is further increasing the probability of accelerating the revenue growth for the company.
PROFIT & LOSS STATEMENT OF ORBIS FINANCIAL CORPORATION LIMITED (Amount in INR thousands) (As of 31-03-2019 to 31-03-2021)
|
Particular |
2021 |
2020 |
2019 |
|
Income |
|
||
|
Revenue from Operations |
665,530 |
337,169 |
159154 |
|
Other Income |
199,740 |
101,633 |
65336 |
|
Total Revenue |
865,270 |
438,802 |
224491 |
|
Expenses |
|
||
|
Employee Benefits Expense |
202,470 |
105,311 |
80281 |
|
Finance Costs |
99,317 |
65,058 |
12896 |
|
Depreciation and amortization expense |
11,469 |
8,888 |
5690 |
|
Other Expenses |
357,088 |
96,179 |
35201 |
|
Total Expenses |
670,344 |
275,436 |
134071 |
|
Profit/(Loss) before exceptional and extraordinary items and tax |
194,926 |
163,366 |
904200 |
|
Exceptional items |
- |
- |
- |
|
Profit/Loss before tax |
194,926 |
163,366 |
904200 |
|
Tax Expenses |
|
||
|
Current tax |
52,405 |
41,837 |
18614 |
|
Deferred tax |
(16,721) |
5,817 |
9353 |
|
Minimum alternate tax credit available |
(9704) |
||
|
Tax adjustment relating to prior years |
|
||
|
Current tax |
1918 |
||
|
Minimum alternate tax credit available |
(1918) |
||
|
Total Tax |
35,684 |
47,654 |
18264 |
|
Profit/Loss for the year |
159,242 |
115,712 |
72155 |
|
Other comprehensive income |
|
||
|
Items that will not be reclassified to profit or loss |
|
||
|
Re-measurement of net defined benefit liability |
13 |
(475) |
- |
|
Income tax effect |
(4) |
120 |
- |
|
Other Comprehensive Income(Net of tax) |
9 |
(355) |
- |
|
Total comprehensive income for the period |
159,251 |
115,357 |
72155 |
|
Earnings Per Equity Share |
|
||
|
Basic |
1.99 |
1.77 |
1.10 |
|
Diluted |
1.82 |
1.68 |
1.10 |
BALANCE SHEET OF ORBIS FINANCIAL LIMITED (Amount in INR thousands) (As of 31-03-2019 to 31-03-2021)
|
PARTICULARS |
2021 |
2020 |
2019 |
|
Equity and Liabilities |
|
||
|
Share Capital |
876,240 |
655,000 |
655,000 |
|
Other Equity |
674,436 |
139,485 |
20286 |
|
Total Equity |
1,550,676 |
794,485 |
675286 |
|
Non-Current Liabilities |
|
||
|
Financial Liabilities |
|
||
|
Lease Liabilities |
9,653 |
12,665 |
- |
|
Long-term provisions |
- |
- |
5924 |
|
Employee benefit obligations |
8,012 |
6,740 |
- |
|
Deferred tax liability (net) |
- |
9,319 |
9353 |
|
Total Non-Current Liabilities |
17,665 |
28,724 |
15278 |
|
Current Liabilities |
|
||
|
Financial Liabilities |
|
||
|
Trade Payables |
|
||
|
outstanding dues of micro-enterprises and small enterprises |
778 |
1,789 |
109 |
|
outstanding dues of creditors other than micro-enterprise and small enterprise |
163,528 |
21,176 |
5824 |
|
Other financial liabilities |
21,245,074 |
4,061,731 |
|
|
Lease Liability |
3,012 |
2,712 |
|
|
Contract Liability |
13,812 |
8,794 |
|
|
Other current liabilities |
14,864 |
9,632 |
2600069 |
|
Current tax liabilities (net) |
1,539 |
- |
|
|
Short-term provisions |
- |
- |
5927 |
|
Employee benefit obligations |
3,514 |
2,041 |
- |
|
Total Current Liabilities |
21,446,121 |
4,107,875 |
2611930 |
|
Total Liabilities |
21,463,786 |
4,136,599 |
3302496 |
|
Total equity and liabilities |
23,014,462 |
4,931,084 |
|
|
Assets |
|
||
|
Non-Current Assets |
|
||
|
Property, Plant, and Equipment |
89,342 |
90,494 |
|
|
right-of-use assets |
12,089 |
15,627 |
- |
|
Investment property |
27,957 |
28,578 |
- |
|
Tangible assets |
- |
- |
120956 |
|
Intangible assets |
- |
- |
4435 |
|
Other intangible assets |
6,767 |
5,134 |
- |
|
Intangible assets under development |
175 |
270 |
700 |
|
Financial Assets |
|
||
|
Investments |
1,502,240 |
- |
10000 |
|
Other financial assets |
5,259,150 |
206,128 |
- |
|
Long-term loans and advances |
- |
- |
60873 |
|
Deferred tax assets (Net) |
13,856 |
- |
|
|
Non-current assets |
5,069 |
8,339 |
141800 |
|
Other current assets |
1,431 |
- |
- |
|
Total Non - current Assets |
6,918,076 |
354,570 |
338765 |
|
Current Assets |
|
||
|
Financial assets |
|
||
|
Investments |
6,736,402 |
2,371,732 |
1703611 |
|
Trade Receivables |
125,439 |
94,934 |
38888 |
|
Cash and Cash Equivalents |
3,582,838 |
900,120 |
1081855 |
|
Bank balances (other than above) |
5,254,904 |
1,050,760 |
- |
|
Short-term loans and advances |
- |
- |
113777 |
|
Other financial assets |
352,510 |
137,866 |
- |
|
Current tax assets (net) |
21,674 |
5,046 |
- |
|
Other Current Assets |
22,619 |
16,056 |
25597 |
|
Total Current Assets |
16,096,386 |
4,576,514 |
2963730 |
|
Total Assets |
23,014,462 |
4,931,084 |
3302496 |
DIVIDEND AND RETAINED EARNINGS (As of 31-03-2019 to 31-03-2021)
|
Particulars |
2021 |
2020 |
2019 |
|
Dividend |
Rs. 0.50 Per Share |
Rs. 0.30 Per Share |
- |
|
Retained Earnings (In Rs. thousand) |
261,714 |
102,463 |
11,289 |
PERFORMANCE OF THE COMPANY
Revenue from Operations Increased from Rs. 33,71,69,000 in FY 2020 to Rs. 66,55,30,000 in FY 2021, showing a 97.38 % increase as compared to the previous financial year.
Finance Cost has increased from Rs. 6,50,58,000 in FY 2020 to Rs. 9,93,17,000 in FY 2021.
In FY 2021, Company’s Net Profit stood at Rs. 15,92,51,000, 38.05% higher than the Net profit of Rs. 11,53,57,000 in FY 2021.
The Current Ratio of the company as of 31st March 2021 was 0.75.
The debt-to-equity ratio of the company as of 31st March 2021 was 14.84.
The book value of the company as of 31st March 2021 was Rs. 17.70.
In the Financial Year 2020-2021, the company paid a dividend of Rs. 0.50 Per Share
