The future of data Hows the stock doing ? IPO in September 2017, - - PDF document

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The future of data Hows the stock doing ? IPO in September 2017, - - PDF document

Nov 20, 2022 283 likes •486 views

IRIS Business Services Limited 15 th October, 2018 To, BSE Limited Corporate Relationship Department, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai 400 001 Scrip Code: 540735 Sub: CEOs presentation at Alpha Ideas SME Stars Meet

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IRIS Business Services Limited

T-231, Tower 2, 3rd Floor, International Infotech Park, Vashi Station, Vashi, Thane - 400 703, Maharashtra, India.

  • Tel. : +91 22 6723 1000 Fax: +91 22 2781 4434 E-mail: contact@irisindia.net. CIN : U72900MH2000PLC128943

15th October, 2018 To, BSE Limited Corporate Relationship Department, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai 400 001 Scrip Code: 540735 Sub: CEO’s presentation at “Alpha Ideas SME Stars Meet” held at the BSE on Saturday, October 13, 2018 Dear Sir/ Madam, Please find attached the presentation by the Company CEO, S. Swaminathan at the “Alpha Ideas SME Stars Meet” held at the BSE on Saturday, October 13, 2018. This will also be made available on the Company’s website at www.irisbusiness.com. Kindly take the same on record. Thanking you, Yours faithfully, For IRIS Business Services Limited Jay Mistry Company Secretary & Compliance Officer Encl: As above

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The future of data

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How’s the stock doing ?

  • IPO in September 2017,

Issue price: Rs 32

  • Listed on BSE
  • Raised Rs 16 cr for ~ 25 %
  • CMP: Rs 40, Year High: Rs

79 Low: Rs 33

  • Mkt lot: 4000; Market

Cap: Rs 76 crore

  • Promoter holding: ~ 40 %
  • Volume of shares traded over the

year: 7708000 or 41 % of issued shares

  • Value of shares traded during the

year: Rs 41 crore

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How’s IRIS doing ?

0.00 100.00 200.00 300.00 400.00 500.00 600.00 700.00 800.00 FY12 FY13 FY14 FY15 FY16 FY17 FY18 Total Revenues Expenses 200 400 600 800 1 2 3 4 5 6 7

Number of Employees

As we moved from a services business to a products business, the head count dropped After 3 years of falling revenues and being in the red, Revenues are rising again.

  • 150
  • 100
  • 50

50 100 150 200 FY12 FY13 FY14 FY15 FY16 FY17 FY18 EBITDA PAT

In FY 2018, we posted losses for the 3rd year running but turned EBITDA positive

0% 20% 40% 60% 80% 100% FY12 FY13 FY14 FY15 FY16 FY17 FY18 International (%) Domestic (%)

Share of domestic revenue increased because

  • f GST offerings
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7 Member Board

  • f Directors

4 Independent Directors Narayan Seshadri, Chairman of the Board Bhaswar Mukherji, ex Director (Finance) HPCL Ashok Venkatramani, CEO Zee TV Vinod Aggarwala, Lawyer 3 Promoter Directors

  • S. Swaminathan,

Company CEO Deepta Rangarajan K Balachandran, Company CFO

Who runs the company?

Statutory Auditors M P Chitale & Co Internal Auditors Moore Stephens & Singhi

Audit Committee Bhaswar Mukherjee, Chairman Vinod Aggarwala Ashok Venkatramani K Balachandran

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Who owns the company?

39.31% 23.88% 4.86% 5.98% 25.97% Promoters VC Employees Pre IPO Investors Others

On Oct 6, we had 425 shareholders, of which,

  • 333 own 8000 shares or less
  • 281 own 4000 shares or less
  • 72 shareholders are employees or ex employees
  • Some consolidation has happened, we had 550 shareholders at peak.
  • Lock in period of the shares of Pre IPO investors ended this week.
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CONSUME

Software tools for data

  • analysis. Plus, a global

repository of normalised financial data culled from filings, if available publicly.

CREATE

Offerings range from enterprise software to Cloud / SAAS to create documents ready to be filed with regulators.

COLLECT

Software platform for regulators to collect pre- validated submissions from those that they regulate.

What do we do ?

6

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Because we are all set to change the way you invest. Because a company has to be more than creating value for shareholders, but for society as a whole. Myiris.bharat http://stories.cleandata.com

Why should you care about us?

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Using IRIS Peridot

Step 1

What Find PAN from company prospectus How? Manual Process

Step 2

What For the PAN find the GSTINs How? Using our software

Step 3

What Input GSTIN into IRIS PERIDOT app

IRIS PERIDOT IS A FREE APP AVAILABLE FOR ANDROID AND iOS phones.

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Increasing capital market participation

Hindi Bangla Gujarati Telugu Urdu

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Who are our paying clients

  • Regulators

– Central banks – Capital market regulators – Stock Exchanges – Business Registries

  • Enterprises

– Banks, NBFCs – Mutual funds – Manufacturing & Services companies – Insurance companies – Accounting firms – Law firms – Consulting firms

Our products serve over 5000 businesses worldwide

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12

US

– SEC Filings of c.270 companies through IRIS CARBON – FP relationships – Filers

UK

– Filings to HMRC

South Africa

– Johannesburg stock exchange – Companies and Intellectual Property Commission

India

– MCA – SEBI MF – Corporates – RBI

Saudi Arabia

– Ministry of Commerce and Industry / Saudi Organization for Certified Public Accountants – Tadawul Stock Exchange

UAE

– ESCA – ADX – DFM

Qatar

– QFCRA

Mauritius

– Bank of Mauritius – Corporate and Business Registration Department

Thailand

– Department of Business Development

Malaysia

– SSM – SCM

Singapore

– ACRA

Macedonia

– Filings to Ministry of Finance

Italy

– IRIS CARBON for filings to Info Camere

Ireland

– IRIS CARBON for Tax filings

Israel

– IRIS Data Platform for analysis of XBRL filings

Iran

– Taxonomy Consulting

Poland

– Historical data conversion into XBRL

Kuwait

– CMA

Jordan

– JSE – ASE

Nepal

– Nepal Rastra Bank

Turkey

– IRIS iDEAL for Tax filings / eAudit

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Where are our paying clients

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What is fetching us the revenues?

219.12, 63% 107.64, 31% 22.31, 6% Collect Create Consume

Segment Revenues in FY18

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Collect, the Suptech SBU

iFile

Enterprise software to receive prevalidated data in XBRL

Investments to date: Rs 460 lakh Revenues to date:

  • Rs. 8823.84 lakh

EBITDA: 20% Gross Margin: 35%

Asia: India, Jordan, Kuwait, Malaysia, Qatar, Nepal, Saudi Arabia, Singapore, Thailand, UAE Africa: South Africa, Mauritius Europe: Macedonia

S: Proven Value for money W: The India connection O: Regulators in 200 countries T: Ignorance, 4 global competitors Customer Acquisition Bidding on tenders on our

  • wn or bidding with

Local / global partners

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  • AFPI (USA)
  • Analytix Insight

(Israel)

  • Business Online

(Thailand)

  • CTS (Singapore)
  • CrimsonLogic Pte

Limited (Singapore)

  • Deloitte Touche

Tohmatsu (India, Singapore, S. Africa, Thailand, UAE, UK)

  • Ernst & Young

(Russia, Saudi Arabia)

  • ERS (across Europe)
  • FAPCO (Kuwait)
  • FIT Technologies

(Turkey)

  • Fintellix (India,

Mauritius)

  • HCL Infosystems

(India)

  • HP (India)
  • PT Infogram

Telemedia (Indonesia)

  • InfoSoft (Nigeria)
  • Infosys (OEM

Finacle)

  • KPMG (India, Italy)
  • L & T Infotech

(Cayman islands)

  • Formis (Malaysia)
  • Merrill Corp (USA)
  • MNS (Mauritius)
  • Nelito Systems

(India, Mauritius)

  • Prognoz (Russia,

Saudi Arabia)

  • Re-aktiv

(Macedonia)

  • Tally Solutions

(OEM India)

  • Tech Mahindra

(Mauritius)

  • Wipro (India)
  • Zensar

Technologies (UK)

Select Global Partnerships over the years

Who are our partners?

15

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The Offering Cloud based collaborative authoring software to generate ready to file submissions to regulators in XBRL and other formats Where & for what India,: RoC / BSE/NSE USA: SEC filings UK: HMRC / Companies House Italy : Infocamere South Africa: CIPC

Select clients Deloitte in UK Deloitte in Italy Old Mutual, Bidvest in South Africa Cyberoptics, Electrosensors in USA RIL, Hindalco, IHCL, HPCL in India

Investments to date: Rs 15.24 cr Revenues to date: Rs 18.06 cr EBITDA: - 49% Gross Margin: 7%

IRISCARBON

The Offering Desk top based software for generating submissions from multiple internal data sources.

Where & for what India: for RBI filings Mauritius: for BoM filings Turkey for tax filings

Select clients India: ICICI Bank, HDFC Bank, City Union Bank, Corporaton bank, Canara Bank, Bank of India, Syndicate Bank, Bank of America Mauritius: Afro Asia Bank, Warwick, State Bank Mauritius Turkey: Tüprag Metal Madencilik

Investments to date: Rs 242.05 lakh Revenues to date: Rs 924.61 lakh EBITDA: 38% Gross Margin: 62% iDeal The Offering Cloud based collaborative authoring platform to generate GST filings for submission to GSTN Where & for what India: For GST filings

Select clients Larsen & Toubro, Bajaj Auto, Bajaj Finserv, Thermax, Trent, Mahanagar Gas, Parle Agro, Varroc, Vardhaman, Coal India, Riya Travels, LIC Finance

Investments to date: Rs 426.60 lakh Revenues to date: Rs 460.36 lakh EBITDA: -35% Gross Margin: 7% IRISGST

iReport: Desk top based software for generating submissions to comply with FIU Banks: HSBC, Doha Bank Coop Banks: Thirusur, Pataliputra Central, Puri Urban, Aurangabad AMC: Tata, Sundaram, SBI iFilelite: Desk top based tool to generate ready to file XBRL submissions, Filers: Apar Inds, Kitex Garments, Piooneer Investcorp, Maithan Alloys, GTN Textiles CAs: Singhi & Co., Brahmayya & Co., Manish Modi & Associates CRILC Analytics: Software for filers to prepare data for CRILC submissions Select clients: SBI, Hero Fincorp FATCA compliance software: Desk top based software for generating submissions to comply with the requirements of FATCA Banks: Standard Chartered, Barclays, Citibank, SB Mauritius Others: Julius Baer, UTI AMC

Others

Create, the Regtech SBU

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How will the current turmoil affect us

  • Stock Market crash: Negative

– Adversely affects our ability to raise fresh capital

  • Rupee depreciation: Positive

– Since revenues are mostly US $ denominated, this will positively impact contracted revenues – This will also make us competitive in new global bids

  • Tighter liquidity: Negative

– Will increase cost of borrowing

  • Inflationary expectations: Neutral

– Salary, the biggest cost head (~ 70% of total expenses) is not inflation indexed.

  • Political uncertainty: Neutral

– Even though the business depends on government policy, the regime is more or less stable.

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Are we valued right?

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How fast can we grow? What is holding us back? When will we turn profitable? What will it take for us to be a 20 bagger in 5 years?