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×

fincare business services Limited

43.00
+ 0.00 %
Scrip Name
Fincare Business Services
ISIN No.
INE957R01025
PAN No.
AACCF4303J
Face Value
1
No. of Outstanding Shares
328,417,440
Market Capitalization
1,412.19 Crore

FINCARE BUSINESS SERVICES LIMITED UNLISTED SHARE 

Established on 01 August 2014, Fincare Business Services Limited (FBSL) is registered at the registrar of companies in Bangalore, Karnataka, Authorized equity share capital of the company is Rs. 1,15,50,00,060, and the paid-up share capital of the company is Rs. 32,89,61,856. The company is a Non-Banking Financial Company-Non Deposit-taking Core Investment Company (NBFC-CIC-ND) registered with the Reserve Bank of India (RBI). FBSL’s operations and activities are limited to investing in and providing loans to group companies. The Company has only one subsidiary i.e. Fincare Small Finance Bank Limited (FSFB).

INCORPORATION DETAILS

CIN

U74900KA2014PLC075614

Registration Date

01 August 2014

Company Name

FINCARE BUSINESS SERVICES LIMITED

Email Address

compsecfbsl@fincare.com

Category/Sub-category of the Company

Company Limited by Shares/Non-Government Company

Class of Company

Public Company

Registration Number

75614

Address of the Registered office & contact details

79/7, 3rd Floor, K. No.1202, Bellandur, Varthur Hobli, Bengaluru, Bangalore KA 560102 IN

Address and Contact details of Registrar Transfer Agent

KFin Technologies Private Limited Selenium Tower B, Plot 31-32, Gachibowli, Financial District, Nanakramguda, Hyderabad - 500 032

Listing Status

Unlisted


PARTICULAR OF SUBSIDIARY COMPANIES

S. No.

Name of the Company

Subsidiary

% of shares held

1.

Fincare Small Finance Bank Limited

Subsidiary

92.75%


BOARD OF DIRECTORS

S. No.

Name of Directors

Category of Directors

1.

Mr. G. Dasarathareddy

Managing Director

2.

Mr. Satyanarayana Peravali

Independent Director

3.

Ms. Nandini Parekh

Independent Director

4.

Mr. Dhiraj Poddar

Nominee Director

5.

Ms. Divya Sehgal

Nominee Director

6.

Mr. Maninder Singh Juneja

Nominee Director

7.

Ms. Bhavya Gulati

Nominee Director


Principal Business Activities of the Company

S. No.

Name & Description of main products/services

NIC Code of the Product /service

% of total turnover of the company

1

Activities Of Holding Company

6420

100%


SHAREHOLDING PATTERN

(As on 31-03-2021)

S. No.

Shareholder’s Category

No. of Shares

% of total Shares of the company

2

Public

32,84,17,440

100%


Industry Outlook

The novel coronavirus (COVID-19) pandemic (as declared by WHO) is causing significant disruption and slowdown in global and Indian economic activities. The Company has assessed the impact on its business operations, its liquidity position, and the recoverability and carrying value of its assets.

India is on track to have the highest GDP growth of any major economy, albeit from a low base. The consumption scale appears to be normalizing, fuelled by holiday demand. The resurgence of contact-intensive industries may be skewed, especially if the pandemic enters the third wave.

The 'Wish More, Get More' campaign of Fincare Small Finance Bank positions the bank as a highly creative and contemporary brand. For the first time, the Bank expanded its branding initiatives to major city airports in order to raise awareness among well-heeled customer segments.

The Bank has left no stone unturned to ensure the safety and well-being of its employees. It paid all salaries on time, guaranteed zero job losses due to covid, provided paid leave to infected employees, and provided a variety of allowances as a confidence-building measure.

PROFIT & LOSS STATEMENT OF FINCARE BUSINESS SERVICES LIMITED (Rs. in Million) 

(As of 31-03-2019 to 31-03-2021)

Particular

2021

2020

2019

REVENUE FROM OPERATION / INCOME




Interest income

12,961.06

11,060.71

6,697.58

Fee and commission income

489.86

433.05

316.32

Net gain on fair value changes

1.06

0.59

13.06

Net gain on derecognition of financial instruments under

amortized cost category

541.34

-

92.18

Other operating income

411.83

435.58

76.24

Total revenue from operations

14,405.15

11,929.93

7,195.38

Other income

76.78

75.27

75.71

Total Income

14,481.93

12,005.20

7,271.09

EXPENSES




Finance cost

5,702.10

4,697.28

2,733.20

Net loss on fair value changes

-

-

0.13

Impairment of financial instruments

3,159.86

1,123.69

345.15

Employee benefit expenses

2,959.28

2,655.83

1,838.54

Depreciation and amortization

321.43

271.16

124.40

Other expenses

1,412.21

1,390.68

986.23

Total Expenses

13,554.88

10,138.64

6,027.65

Profit before tax

927.05

1,866.56

1,243.44

Tax expense




Prior year tax

2.38

1.99

1.09

Current tax

595.99

791.87

342.91

Deferred tax

(375.12)

(186.48)

42.33

Total Tax Expenses

223.25

607.38

386.33

Profit for the year

703.80

1,259.18

857.11

Other Comprehensive Income




Items that will not be reclassified to profit and loss




Remeasurement of the net defined benefit plans

17.79

(11.22)

(7.16)

Income tax relating to the above

(4.48)

2.83

2.22

Items that will be reclassified to profit and loss




Changes in fair value of investments

20.13

211.36

55.65

Income tax relating to the above item

(5.07)

(51.00)

(18.52)

Other comprehensive income for the year, net of tax

28.37

151.97

31.74

Total comprehensive income for the year

732.17

1,411.15

888.85

Profit for the year attributable to:




Owners of the Company

634.64

1,163.50

809.02

Non-controlling interest

69.16

95.68

48.09

Total

703.80

1,259.18

857.11

Other Comprehensive Income attributable to:




Owners of the Company

25.79

140.95

29.40

Non-controlling interest

2.58

11.02

2.34

Total

28.37

151.97

31.74

Total Comprehensive Income attributable to:




Owners of the Company

660.43

1,304.45

838.42

Non-controlling interest

71.74

106.70

50.43

Total

732.17

1,411.15

888.85

Earnings per equity share:




Earnings per equity share (Basic)

1.93

3.54

2.53

Earnings per equity share (Diluted)

1.91

3.51

2.53


BALANCE SHEET OF FINCARE BUSINESS SERVICES LIMITED (Rs. in Million) 

(As of 31-03-2019 to 31-03-2021)

PARTICULARS

2021

2020

2019

ASSETS




Financial assets




Cash and cash equivalents

11,435.84

10,763.01

4,971.33

Bank balances other than cash and cash equivalents

137.32

104.27

474.12

Trade receivables

0.02

1.12

28.51

Loans

56,208.01

51,671.92

33,986.84

Investments

13,174.48

10,408.43

7,025.40

Other financial assets

1,246.87

1,112.12

600.22

Total Financial assets

82,202.54

74,060.87

47,086.42

Non Financial assets




Current tax assets (net)

39.88

33.82

78.34

Deferred tax assets (net)

875.85

510.28

364.96

Property, plant, and equipment

1,094.34

1,095.95

307.84

Goodwill

418.33

418.33

418.33

Other intangible assets

10.20

27.10

28.87

Other non-financial assets

211.88

215.51

169.81

Total Non-Financial Assets

2,650.48

2,300.99

1,368.15

TOTAL ASSETS

84,853.02

76,361.86

48,454.57

LIABILITIES AND EQUITY




LIABILITIES




Financial Liabilities




Payables

-

-

-

Other than trade payables




Total outstanding dues of micro-enterprises and small

Enterprises

3.90

4.63

-

Total outstanding dues of creditors other than micro

enterprises and small enterprises

185.43

202.72

111.85

Debt securities

-

766.64

424.47

Borrowings (Other than debt securities)

18,447.37

17,410.66

18,432.69

Deposits

53,171.70

46,539.86

20,378.82

Subordinated liabilities

1,994.20

1,806.58

710.64

Other financial liabilities

781.04

369.72

743.11

Total Financial Liabilities

74,583.64

67,100.81

40,801.58

Non-Financial Liabilities




Current tax liabilities (net)

-

1.35

3.78

Provisions

120.30

126.55

99.69

Contract liabilities

142.06

189.22

119.27

Other non-financial liabilities

91.79

96.57

72.01

Total Non-Financial Liabilities

354.15

413.69

294.75

Equity




Equity share capital

328.42

328.42

328.42

Other equity

8,622.36

7,910.98

6,577.58

Equity attributable to equity holders of the parent company

8,950.78

8,239.40

6,906.00

Non-controlling interest

964.45

607.96

452.58

Total Equity

9,915.23

8,847.36

7,358.58

TOTAL LIABILITIES

84,853.02

76,361.86

48,454.91

 

DIVIDEND AND RETAINED EARNINGS

(As of 31-03-2019 to 31-03-2021)

Particulars

2021

2020

2019

Dividend

Nil

Nil

Nil

Retained Earnings 960.41

841.64

899.61

960.41


PERFORMANCE OF THE COMPANY

Revenue from operations increased from Rs. 11,929.93 Million in FY 2020 to Rs. 14,405.15 Million in FY 2021, showing a growth of 20.74% as compared to previous financial year.


Finance Cost has increased from Rs. 4,697.28 Million in FY 2020 to Rs. 5,702.10 Million in FY 2021 showing a growth of 21.39% as compared to the previous financial year.


In FY 2021, Company’s Net profit stood at Rs. 703.80 Million, 44.10% lower than the net profit of Rs. 1,259.18 Million in FY 2020 as compared to the previous financial year.


The Current Ratio of the company as of 31st March 2021 was 1.10.

 

The debt to equity ratio of the company as of 31st March 2021 was 8.55


In the Financial Year 2020-21, the company has not paid dividends.

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