MIRA INFORM REPORT
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Report Date : |
5th June, 2006 |
IDENTIFICATION DETAILS
|
Name : |
INGRAM
MICRO INDIA PRIVATE LIMITED |
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Registered Office : |
No.
12, SG Business Center, New Hosur Road, Wilson Garden, Bangalore – 560027,
Karnataka |
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Country : |
India |
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Financials (as on) : |
31.12.2004 |
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Date of Incorporation : |
16th
April, 1992 |
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Com. Reg. No.: |
08-13061 |
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CIN No.: |
U30008KA1992PTC013061 |
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TAN No.: (Tax Deduction &
Collection Account No.) |
BLRI00984E |
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Legal Form : |
Private Limited Liability
Company |
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Line of Business : |
Manufacturers,
Importers and Exporters Of Electronic / Microwave Components, Computers,
Peripherals, Software Solutions and Engineering Services, etc. |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
RATING
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STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is
considered normal. Capable to meet normal commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 650000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
In absence of latest
financials from any sources. It would be difficult to assess company's
performance and financials status. Subject is a
well-established company having satisfactory track records. Directors are
reported as experienced, respectable and resourceful businessmen. Their trade
relations are reported as fair. Payments are usually correct and as per
commitments. The company can be
considered normal for business dealings at usual trade terms and conditions. |
LOCATIONS
|
Registered Office : |
No.
12, SG Business Center, New Hosur Road, Wilson Garden, Bangalore – 560027,
Karnataka |
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Tel. No.: |
91-80-26575260 |
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Fax No.: |
91-80-26571735 |
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E-Mail : |
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Website : |
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Head Office : |
Gate
1A, Godrej Industries Highway, Pircjshangar, Vikhroli (East), Mumbai – 400079
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Tel. No.: |
91-22-55960360-61/55960246/66 |
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Fax No.: |
91-22-55960106 |
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Office : |
No.
40, Ulsoor Road, Bangalore – 560 042, Karnataka, INDIA |
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Tel. No.: |
91-80-2558 8323 / 3977 /
555 0605/0599/25583253/3977/4707 |
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Fax No.: |
91-80-2558 6872 |
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E-Mail : |
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Website : |
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Area : |
9000
sq.fts. (Rented) |
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Branches : |
Located
at: Ahmedabad,
Chennai, Indore, Pune, Coimbatore, Kochi, Pondicherry, Bhubaneshwar, Delhi,
Lucknow, Vasai, Calcutta, Hyderabad, Mumbai and Singapore (Operates
out of 30+ Locations in India) |
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Branch |
Northern
Branches: Chandigarh
Branch Ingram Micro India (P) Ltd Dehradun Branches Ingram
Micro India (P) Ltd Delhi
Branch Ingram Micro
India (P) Ltd Ingram
Micro India (P) Ltd Jaipur
Branch Ingram Micro
India (P) Ltd Ingram Micro
India (P) Ltd Jammu
Branch Ingram
Micro India (P) Ltd Telefax
: 0191 - 2484088 Parwanoo
Branch Ingram
Micro India (P) Ltd Telefax : 01792
- 233256 Ludhiana
Branch Ingram Micro
India (P) Ltd Western
Branches: Ahmedabad Branch Ingram Micro India (P) Ltd Baroda
Branch Ingram
Micro India (P) Ltd Bhopal Branch
Ingram
Micro India (P) Ltd Tel: 0755 - 2661512 /
2661513 Indore Branch Ingram
Micro India (P) Ltd Tel: 0731 - 5071019 / 20 /
5009993 Surat Branch Ingram Micro India (P) Ltd Mumbai Branch Ingram Micro India (P) Ltd Nagpur Branch Ingram Micro India (P) Ltd Pune Branch Ingram
Micro India (P) Ltd Tel: 9520 - 56020920 upto
25 Raipur Branch Ingram Micro India (P) Ltd Goa Branch Ingram Micro India (P) Ltd Eastern
Branch: Bhubaneshwar Branch Ingram Micro India (P) Ltd Kolkata
Branch Ingram
Micro India (P) Ltd Jamshedpur Branch Ingram Micro India (P) Ltd Ranchi Branch Ingram Micro India (P) Ltd Guwahati Branch Ingram
Micro India (P) Ltd Tel: 0361 - 2452975 Southern
Branches: Bangalore Branch Ingram
Micro India (P) Ltd Chennai
Branch Ingram
Micro India (P) Ltd Cochin Branch Ingram Micro India (P) Ltd Coimbatore Branch Ingram Micro India (P) Ltd Hubli Branch Ingram
Micro India (P) Ltd Tel: 0836 - 2257731 Hyderabad Branch Ingram
Micro India (P) Ltd Tel: 040 -
55317500 / 1/2/3 Madurai Branch Ingram
Micro India (P) Ltd Tel: 0452 -
5353570 Pondicherry Branch Ingram
Micro India (P) Ltd Tel: 0413 - 2274956
/2275387 Ingram Micro India (P) Ltd Vizag Branch Ingram Micro India (P) Ltd |
DIRECTORS
|
Name : |
Mr.
Lawrence Richard O’Laughlin |
|
Designation : |
Director |
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Address : |
93,
Holland Road, No. 06 04, Hollandia, Singapore – 278537 |
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Date of Birth/Age : |
29.04.1960 |
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Date of Appointment : |
14.12.2001 |
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Name : |
Mr.
Alain Monie |
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Designation : |
Director |
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Address : |
1,
Lady Hill Road, The Ladyhill, Singapore – 258670 |
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Date of Birth/Age : |
14.01.1951 |
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Date of Appointment : |
14.12.2004 |
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Name : |
Mr.
S. P. Rajguru |
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Designation : |
Director |
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Address : |
6/11,
Sarvapriya, Vihar, New Delhi – 110020 |
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Date of Birth/Age : |
21.02.1956 |
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Date of Appointment : |
30.09.2003 |
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Name : |
Mr.
Henri Theodorous Koppen |
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Designation : |
Director |
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Name : |
Mr.
Saravanan S |
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Designation : |
Company
Sectary |
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Address : |
142/16,
Kailash Colony, Annanagar, Westext, Chennai – 600101 |
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Date of Birth/Age : |
12.02.1958 |
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Date of Appointment : |
01.07.1999 |
MAJOR SHAREHOLDERS
|
Name of Shareholders |
No. of Shares |
|
Tech Pacific (India)
Limited |
38390 |
|
Ingram Micro Asia Holding |
10 |
|
Ingram Micro Asia Limited,
Singapore |
271,271 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturers,
Importers and Exporters of Electronic / Microwave Components, Computers,
Peripherals, Software Solutions and Engineering Services, etc. |
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Product |
Computer
systems, Monitors, Printers, Hard Disks – 8471 |
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Exports to : |
Malaysia,
Singapore, Far East |
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Imports from : |
USA/
Singapore/ Japan/ Taiwan/ UK/ Australia |
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Terms : |
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Selling : |
L/C
at sight |
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Purchasing : |
L/C
(45 days), Credit (30-45 days) |
PRODUCTION STATUS
|
Particulars |
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Installed Capacity |
Actual Production |
|
Computer
Systems |
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|
30000 |
22031 |
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
1000 |
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Bankers : |
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Facilities : |
Secured
Loan From
a Company – Rs. 3.985 Millions |
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Banking Relations : |
Satisfactory |
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Auditors : |
Price
Waterhouse Chartered
Accountants |
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Address: |
Bangalore
- 560001 |
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Associates/Subsidiaries
: |
˜
Spectra Innovations
Inc., Sanjose, USA Tel.
No. 408-9548474 Fax
No. 408-9548399 ˜
Amspec (S) Pte
Limited, Singapore Tel.
No. 65-2710016 Fax
No. 65-2714112 Subsidiaries Ingram Micro (Components
Asia) Private Limited, Singapore Ingram Micro (South Asia)
Private Limited, Singapore Ingram Micro Malaysia SDN,
BHD |
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Holding Company |
Ingram Micro Asia Limited,
Singapore |
CAPITAL STRUCTURE
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
500,000 |
Equity
Shares |
Rs. 100/- each |
Rs. 50.000 millions |
Issued, Subscribed
& Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
309,661 |
Equity
Shares |
Rs. 100/-
each |
Rs. 30.966 millions |
FINANCIAL
DATA
[all figures are in Rupees Millions]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.12.2004 [11th Month] |
02.01.2004 [9th Month] |
31.03.2003 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
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1] Share Capital |
30.966 |
30.966 |
30.966 |
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2] Share Application Money |
0.021 |
0.021 |
0.021 |
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3] Reserves & Surplus |
132.308 |
80.344 |
32.929 |
|
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
NETWORTH
|
163.295 |
111.331 |
63.916 |
|
|
LOAN FUNDS |
|
|
|
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|
1] Secured Loans |
3.985 |
2.099 |
32.594 |
|
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2] Unsecured Loans |
1774.069 |
842.787 |
785.411 |
|
TOTAL
BORROWING
|
1778.054 |
844.886 |
818.005 |
|
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DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
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TOTAL
|
1941.343 |
956.217 |
881.921 |
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APPLICATION OF FUNDS
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FIXED ASSETS [Net Block]
|
58.499 |
56.620 |
43.894 |
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Capital work-in-progress
|
0.000 |
0.000 |
0.198 |
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|
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INVESTMENT
|
0.003 |
0.005 |
0.005 |
|
DEFERREX TAX ASSETS
|
39.505 |
20.446 |
1.919 |
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CURRENT ASSETS, LOANS & ADVANCES
|
|
|
|
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Inventories
|
1615.419
|
990.361
|
915.316
|
|
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Sundry Debtors
|
2015.685
|
1176.353
|
1805.814
|
|
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Cash & Bank Balances
|
211.688
|
118.902
|
133.061
|
|
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Other Current Assets
|
16.782
|
15.687
|
13.034
|
|
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Loans & Advances
|
392.253
|
219.506
|
232.052
|
Total Current Assets
|
4251.827
|
2520.809
|
3099.277
|
|
Less : CURRENT LIABILITIES & PROVISIONS
|
|
|
|
|
|
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Current Liabilities & Provisions
|
2358.651
|
1602.241
|
2263.372
|
|
|
Provision
|
49.840
|
39.422
|
|
Total Current Liabilities
|
2408.491
|
1641.663
|
2263.372
|
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Net Current
Assets
|
1843.336
|
879.146
|
835.905
|
|
|
|
|
|
|
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MISCELLANEOUS EXPENSES
|
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
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TOTAL
|
1941.343 |
956.217 |
881.921 |
|
PROFIT & LOSS ACCOUNT
|
PARTICULARS |
31.12.2004 [11th Month] |
02.01.2004 [9th Month] |
31.03.2003 |
Sales Turnover [including other income]
|
21117.159 |
16056.633 |
12527.733 |
|
|
|
|
|
Profit/(Loss) Before Tax
|
88.904 |
59.860 |
22.675 |
Provision for Taxation
|
36.941 |
35.611 |
10.967 |
Profit/(Loss) After Tax
|
51.963 |
24.249 |
11.708 |
|
|
|
|
|
Export Value
|
19.745 |
232.682 |
958.235 |
|
|
|
|
|
Import Value
|
6504.423 |
4567.342 |
NA |
|
|
|
|
|
Expenditure
|
21028.255 |
15996.773 |
NA |
KEY RATIOS
|
PARTICULARS |
|
31.12.2004 [11th Month] |
02.01.2004 [9th Month] |
31.03.2003 |
PAT / Total Income
|
(%)
|
0.24
|
0.15 |
0.09 |
|
|
|
|
|
|
Net Profit Margin
(PBT/Sales) |
(%) |
0.42
|
0.37 |
0.18 |
|
|
|
|
|
|
Return on Total Assets
(PBT/Total Assets} |
(%) |
2.06
|
2.32 |
0.72 |
|
|
|
|
|
|
Return on Investment (ROI)
(PBT/Networth) |
|
0.54
|
0.53 |
0.35 |
|
|
|
|
|
|
Debt Equity Ratio
(Total Liability/Networth) |
|
25.63
|
22.33 |
48.21 |
|
|
|
|
|
|
Current Ratio
(Current Asset/Current
Liability) |
|
1.76
|
1.53 |
1.37 |
LOCAL AGENCY FURTHER INFORMATION
HISTORY
The company was incorporated
on 16th April, 1992 under the name and style of “Spectra
Technologies Private Limited” at Bangalore in Karnataka. The name was changed as “Spectra Innovations
India Private Limited”, with effect from 24th January, 1995.
Subsequently, it was
converted into a deemed public limited company under section 43A(1), with
effect from 16th March, 1998.
The company’s name was changed
as “Electronics Resources India Limited” and again the company's name was
changed to “Ingram Micro India Limited”
with effect from 29th September, 1999.
Subject was reconverted to
Private Limited Liability Company during April 2002.
As a subsidiary of Ingram
Micro Inc., the largest global wholesale provider of technology products and
supply chain management services, subject brings to India the best of business
practices and state-of-the-art information systems in worldwide distribution.
With extensive market expertise in providing comprehensive product lines from a
single source, it is a leading wholesale provider of computer components,
systems, printers, peripherals, networking solutions, supplies and accessories,
application software, enterprise storage solutions and support services.
During September/October
2004, Ingram Micro Asia, acquired Tech Pacific, Sydney, Australia.
Subject
is a subsidiary of Ingram Micro Asia Limited, Singapore, which holds 271271
shares.
Group: Tech – Pacific, India
Subject’s manufacturing
facility at Pondicherry is certified ISO 9001:2000.
Operation
The company had achieved a
sales turnover of Rs. 21.117.15 millions during the period under review as
against Rs. 16056.63 million during the corresponding period of previous year.
Operating profit for the period ended 31.12.2004 was Rs. 102.103 million as
against of Rs. 71.46 million in the previous period ended. After net of tax
provision back of Rs. 36.94 million for income tax the company had earned a net
profit of Rs. 51.96 Million as a against profit of Rs. 24.24 million for the
previous ended.
Human Resources
The employee relation
throughout the company remainted cordial during the period under review
Fixed assets
- Leasehold land
- Plant & machinery
- Computers
- Office equipment
- Furniture & fixtures
|
Name
of the company |
INGRAM MICRO INDIA PRIVATE LIMITED |
|
Presented By |
ICICI Banking Corporation Limited, 3RD Floor, East Wing, Raheja Tower, 26-27, M G Road, Bangalore – 560001 |
|
1)
Date and description of instrument creating the change |
24.10.1995
deed of hypothecation, credit facility agreement |
|
2)
Amount secured by the charge/amount owing on the securities of charge |
Rs.
5.000 Millions |
|
3)
Short particular of the property charged. If the property acquired is subject
to charge, date of the acquired of the property should be given |
Borrower
entire stocks of raw materials, semi finished goods, consumable stores, both
present and future belonging to or in the possession or under the control of
the borrower whether now lying loose after from time to time during the
continuance of these present factories, premises and Godown sited. Borrower
or in the course of transit or on high seas or order delivery, and such other
movables including book debts outstanding monies |
|
4)
Gist of the terms and conditions and extent and operation of the charge. |
Rate
of Interest –1.5% above ICICI Bank rate subject to a minimum 18.25% at quarterly
rests. Inters rate subject to modification from time to time Period
of sanction – 3 month Margin
– 25% Repayment
– on demand Borrower
shall pay old interest, future interest. Agreement in the manner set out in
the credit facility agreement and shall duly observe and perform all the
terms and conditions of the credit facility agreement |
|
5)
Name and Address and description of the person entitled to the charge. |
ICICI Banking
Corporation Limited, 3RD Floor, East Wing, Raheja Tower, 26-27, M
G Road, Bangalore – 560001 |
|
6)
Date and brief description of
instrument modifying the charge |
Not
Applicable |
|
7)
Particulars of modifications specifying the terms and conditions or the
extent of operations of the charge in which modification is made and the
details of the modification. |
Not
Applicable |
Distributors:
Trend Micro Distributors
606-608. 6th
Floor, Balarama Building, Bandra Kurla Complex, Bandra (East), Mumbai – 400
051, Maharashtra
Telephone Number –
91-22-26590060
Fax Number – 91-22-26954682
Contact
To Mr. Sunil Pillai
E-Mail – sunil.pp@ingrammicro.co.in
Website details Attached:
Corporate Profile:
Ingram Micro Inc. is the largest global
wholesale provider of technology products and supply chain management services.
Ranked as No.76 in the FORTUNE 500 2004 listing, the company operates in 37
countries with approximately 13,600 associates and sales exceeding $25 billion
for fiscal year 2004. Ingram Micro’s global regions provide the distribution of
technology products and services, market development services and supply chain
management services to nearly 170,000 technology solution providers and 1,700
manufacturers. Ingram Micro is focused on maximizing shareowner value and
achieving customer satisfaction through innovation in the information
technology (IT) supply chain.
Leading the Transformation of IT Distribution
With the dramatic changes driven by
technology, companies located throughout the IT supply chain are required to
reevaluate their business models to deliver maximum value to businesses and
consumers. Distributors, technology solution providers, retailers and IT
manufacturers have changed their business models to add value with innovative
services and offerings that drive costs out. Distributors that remain
successful in this industry have large scale and volume, global coverage,
unparalleled standards and accuracy for logistics services, as well as
financial strength to support growth and remain competitive. Ingram Micro is
committed to transforming the value proposition for technology distribution and
is the leading company in this industry. Innovation is the key differentiator
between Ingram Micro and other IT distribution companies. The company’s
management team is focused on leading the industry through change and has a
clear understanding of customer expectations. Ingram Micro leads the industry
in creating new market opportunities with new and emerging technologies and
value-added services. These new opportunities have changed the way that
solution providers offer value to their end-user customers, making them more
competitive in the marketplace. Ingram Micro continues to demonstrate that it
is the most effective partner to
reach the global technology market.
Building Long-term Value for Customers
Ingram Micro offers more than 280,000
products (as measured by distinct part numbers assigned by manufacturers and
other suppliers) with inventory from 1,700 technology manufacturers and leading
PC suppliers to its 170,000 technology solution provider customers. Ingram
Micro is also a service powerhouse delivering logistics and supply chain
management services to increase value and drive efficiency for companies at all
levels of the IT supply chain. For technology solution providers, Ingram
Micro’s specialized divisions offer customers technical expertise and a
well-informed sales support staff trained to handle the needs of market
categories such as enterprise computing, converging technologies,
small-to-mid-size businesses (SMB), and the government and education sectors.
The company has developed services and solutions designed to address the needs
of each technology category and market segment, with expert services to support
customers serving vertical and specialty markets.
About IM-Logistics
Established in June 2000 as a division of Ingram Micro U.S., IM-Logistics provides end-to-end order fulfillment, logistics and supply chain solutions to manufacturers, retailers and e-tailers of technology and consumer electronics products. IM-Logistics leverages Ingram Micro's 20-year track record in order management and fulfillment to drive efficiency in the supply chain and ensure companies can meet customer demand effectively. As the logistics engine behind Ingram Micro, the division achieves a better than 99 percent accuracy for order deliveries. IM-Logistics U.S. also leverages Ingram Micro’s warehouse space in the United States for its industry-leading distribution and reverse logistics network, which offers one- or two-day ground coverage to 99 percent of the United States. Finally, a key offering increasing long-term value for customers at all levels is Ingram Micro’s e-commerce initiatives, which are enabling the IT supply chain to conduct business more efficiently. The company has developed e-commerce tools, such as real-time, online order management and tracking, and community-based Web sites delivering e-Procurement capabilities to technology solution providers and buyers in the SMB, and the government and education sectors.
Ingram Micro Inc. Statistics
Customers:
Ingram Micro sells to nearly 170,000
technology solution providers in more than 100 countries. The company
specializes in three market segments: commercial, consumer and value-added
resellers (VARs). Each segment comprises a variety of customer groups; examples
include:
- Corporate Resellers - Corporate technology solution providers
- Direct and Consumer Marketers - Direct marketers, computer superstores,
mass merchants, Internet storefronts, consumer electronics and office supply
stores
- Value Added Resellers - System and Web integrators, application VARs,
and government and education VARs
As reported in Ingram Micro’s 2001 10-K,
no single customer represented more than 4 percent of Ingram Micro’s net sales
in 2001, 2000, or 1999. The company conducts business with most of the leading
resellers of computer-based technology products around the world.
Vendors:
More than 1,700 hardware manufacturers
and software publishers utilize Ingram Micro as their distribution partner. The
distributor’s worldwide supplier list includes almost all of the leading
microcomputer hardware manufacturers, networking equipment manufacturers and
software publishers.
- Top vendors include Adobe, Apple ,Autodesk, APC, Cisco, Computer
Associates, Epson, HP, HCL, IBM, Intel, Iomega, Lenovo, Microsoft,
Palm, Quantum, Maxtor, Macromedia, Seagate, Sony Ericsson, Symantec,
Veritas, Western Digital, Xerox, and 3Com.
Product Offering:
Ingram Micro and its subsidiaries market
and distribute more than 280,000 products - the largest product offering
available in the industry. The company markets computer hardware, networking
equipment, and software products from over 1700 suppliers, including desktop
and notebook personal computers, servers and workstations, personal digital
assistants, wireless devices, mass storage devices, CD-ROM, CD-RW and DVD
drives, monitors, printers, scanners, modems, networking hubs, routers and
switches, network interface cards, components, business applications software,
entertainment software, consumer electronics, and computer supplies and
accessories.
Ingram Micro India Pvt. Limited is a subsidiary
of Ingram Micro Inc., USA. Established in 1989, IMIPL today is the No: 1 IT
Distribution company with nationwide presence at 30+ locations.
They have extensive market expertise in
providing a comprehensive product line from a single source. They enjoy an
excellent reputation and market credibility as a leading wholesale provider of
Computer Systems & Components, Peripherals and Printers, Networking
Solutions, Computer Storage Systems, Supplies and Accessories, Application
Software and Support Services. As a subsidiary of Ingram Micro worldwide they
bring to India the best of business practices and they state-of-the-art
information systems in worldwide distribution. They are committed to be the
best wholesale provider of IT products and services in India providing real
value to they customers and principals.
Awards and Achievements:
·
Premerger Tech
Pacific India Wins IBM PartnerWorld Beacon Award
- IT
Association Recognition for Ingram Micro
- Cisco
Recognises Ingram Micro
- Award for Premerger
Tech Pacific, Chennai from IBM
- HP Award for
Premerger Tech Pacific, Chennai
- HP
Recognition for Premerger Tech Pacific, Pune
Asia pacific presence of subject
With 50 offices
in 10 Asian Countries China Taiwan, Thailand, India, Malaysia, Indonesia,
Australia, New Zealand, Hongkong and Singapore subject works with partners.
Subject has
managed to established strong network of resellers in the Coupled with the breadth
of and Impulse system capability distribute more products countries with
greater efficiency companies attribute their success quality and commitment of
them and it is no exceptional across the region, it has closely associates with
a good youthfulness and experience. Share a common set of values objectives and
are led by management team towards a goal-to-make subject as IT distributor in
Aisan Pacific.
Acer ties up with Ingram Micro to expand India reach
Bangalore, October 20,
2003 - Acer India has strengthened
its distribution network in India by entering into a partnership with Ingram
Micro India as its national distributor. Acer India will use Ingram Micro's
extensive reseller network to sell the full range of Acer commercial and
consumer PCs, Notebooks, Servers, LCD Monitors and other products across India.
The tie up is a step in maintaining Acer's rapid growth in the market and
widens the company's reach across the nation.
Acer has shown tremendous growth across all its product categories and
market segments in 2003, making it an outstanding year for Acer India. This has
helped to propel its business levels to record heights, exceeding the previous
year's achievements within the first half of the current year. In addition,
Acer has also built strong inroads into the retail segment, an initiative that
has met with unequivocal success.
Speaking on the partnership, Mr. S. Rajendran, General Manager - Sales
and Marketing, Acer India (Pvt) Ltd. said, "Acer started its operations
with a strong focus on institutional buying. However, they success in the
retail segment has encouraged us to expand their reach. They are looking at
Ingram to help us in penetrating Class B and Class C cities, an area where they
have historically enjoyed a very strong reach."
Mr. Navneet Bindra of Ingram Micro also added, "Acer and Ingram
have enjoyed a very strong relationship across many countries around the world.
They have had a very fruitful association with Acer in many markets and they
definitely hope to replicate the same success story here in India. They are
really excited to distribute Acer's top-of-the-line desktops, notebooks,
servers and peripheral products and look forward to a healthy business
relationship."
About Acer India (Pvt) Ltd
Established in 1976, Acer is among the world's top ten PC vendors, offering a
broad range of PC products from industry-leading high-end PC servers and
multimedia desktop computers to notebooks, computer peripherals and components.
Acer is also a major Internet enabler, providing Internet component
technologies, devices and services. These include end-to-end solutions, mobile
phones, plasma displays, TFT-LCDs, projectors, wireless communications, and
e-corp solutions.
Acer India (Pvt) Ltd. was incorporated as a wholly owned subsidiary of
Acer Computer International Ltd. on 9th September 1999. Acer India has its
headquarters in Bangalore, with branch offices in New Delhi, Mumbai, Chennai,
Kolkata and Hyderabad. Acer India provides sales & marketing support and
after-sales support backed up with infrastructure to bring fresh technology to
India. Acer's mission in India is to translate the Group's goal of making
computer technology easier to use and more affordable - to everyone in this
country.
For more information on the company, please log on to: http://www.acer.co.in
About Ingram Micro
Ingram Micro Inc. is the largest global wholesale provider of technology
products and supply chain management services. The company operates in 37
countries with sales of more than $25 billion for the fiscal year 2001. Ingram
Micro's global regions provide the distribution of technology products and
services, market development programs, and supply chain management services to
nearly 170,000 technology solution providers and 1,700 manufacturers. The company
is focused on maximizing shareowner value and achieving customer satisfaction
through innovation in the information technology supply chain.
About Ingram Micro India Pvt. Ltd:
IMIPL (formerly known as Electronic Resources India Limited) is a subsidiary of
Ingram Micro Inc., USA. Established in 1989, IMIPL today has nationwide
presence in India at 28 locations with 9 independent business divisions to
provide a wide range of products and services from a single source:
Tally,
Ingram Micro tie up
Their Convergence
Bureau
6 August 2003
Bangalore: Tally Solutions Pvt Ltd, a city
company that makes Tally, India's No 1 accounting and inventory management
software, has announced a tie-up with Ingram Micro India Pvt Ltd, a subsidiary
of Ingram Micro Inc, USA, the world's leading wholesale provider of technology
products and supply chain management services.
As per the tie-up, Ingram Micro will be
a Tally channel partner across India for the sales of Tally.
In a joint statement, Tally Solutions
managing director Bharat Goenka and Ingram Micro India CEO Prasad Mamidanna
said: "It is a privilege to be associated with each other. This tie-up is
just the beginning of the type of innovative sales model they are adopting. It
provides tremendous value, which will increase reach and translate into easier
availability of their products for their customers."
Tally Solution's key business area is
business solutions software. It started its operations in 1988. Tally is the
largest financial accounting software in the country — bigger than all other
brands put together, according to a research done by International Data
Corporation.
Ingram Micro
India (formerly Electronic Resources India) is a subsidiary of Ingram Micro
Inc, USA. Established in 1989, Ingram today has a nationwide presence in India
at 28 locations with nine independent business divisions to provide a wide
range of products and services from a single source.
List of
reports on Tally Solutions
List of
reports on Ingram Micro
Ingram Micro India Pvt Ltd
Gate 1,A, Godrej Industries Complex,
Pirojshahnagar, Eastern Express Highway
Vikhroli,(East), Mumbai 400 079
Contact : Mr Arif Kazi
Board : +91-22-55960101..x..108
Direct : +91-22-55960108
H/Phone : +919322242269
Fax : +91-22-55960102
Email : arif.k@ingrammicro.co.in
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 |
Rs.46.17 |
|
UK
Pound |
1 |
Rs.86.06 |
|
Euro |
1 |
Rs.59.14 |
RATING
|
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely
sound financial base with the strongest capability for timely payment of
interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate
working capital. No caution needed for credit transaction. It has above
average (strong) capability for payment of interest and principal sums |
Large |
|
56-70 |
A |
Financial &
operational base are regarded healthy. General unfavourable factors will not
cause fatal effect. Satisfactory capability for payment of interest and
principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is
considered normal. Capable to meet normal commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable &
favourable factors carry similar weight in credit consideration. Capability
to overcome financial difficulties seems comparatively below average/normal. |
Small |
|
11-25 |
Ca |
Adverse factors are
apparent. Repayment of interest and principal sums in default or expected to
be in default upon maturity |
Limited with full
security |
|
<10 |
C |
Absolute credit risk
exists. Caution needed to be exercised |
Credit not recommended |