MIRA
INFORM REPORT
|
Report Date : |
17TH
June, 2006 |
IDENTIFICATION
DETAILS
|
Name : |
APTECH
LIMITED |
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Registered Office : |
Elite Auto House, 54-A, Sir M. Vasanji Road,
Andheri (East), Mumbai - 400 093, Maharashtra, India |
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Country : |
India |
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Financials (as on) : |
31.12.2004 |
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Date of Incorporation : |
25.01.2000 |
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Com. Reg. No.: |
11-123841 |
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CIN No.: [Company
Identification No.] |
U72900MH2000PTC123841 |
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Legal Form : |
A
public limited liability company. The
company's shares are listed on the Stock Exchanges |
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Line of Business : |
Company
is a Leading, Global IT Training, Software, Computer Education, Multi Media
Education and Consulting Company |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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 |
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Maximum Credit Limit : |
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Status : |
Moderate
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Payment Behaviour : |
Usually
Correct |
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Litigation : |
Clear |
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Comments : |
Mr.
Rakesh Jhunjhunwala has taken substantial shares in the company, recently.
There is a change in the management. The company continue to incur heavy
losses. Financial position is not so comfortable. The
company’s payments are reported as slow and delayed. In
view of the afereaid the company can be considered for your business dealings
on safe and secured trade terms and conditions at presents. |
LOCATIONS
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Registered Office : |
Elite Auto House, 54-A, Sir M. Vasanji Road,
Andheri (East), Mumbai - 400 093, Maharashtra, India |
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Tel. No.: |
91-22-5691 9624 - 26 |
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\ax No.: |
91-22-5692 2434 |
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E-Mail : |
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Website : |
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Corporate
Office : |
Aptech House, A-65, M.I.D.C, Marol, Andheri
(East) Mumbai - 400 093 |
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Tel.
No.: |
91 22 2827 2300/01 |
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Fax
No.: |
91 22 2827 2399 |
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Office
9+ |
US INDIA CHINA NIGERIA |
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Branches
: |
Located At : Ground
Floor, SDF VII SEEPZ, Andheri (East), Mumbai - 400 096 Tel.
No. 91-22-829 2355 - 59 Fax
No. 91-22-829 1882 6,
Mittal Tower, C Wing, 6th Floor, Mahatma Gandhi Road, Bangalore -
560 001, Karnataka Tel
No. 91-80-558 3960 / 3980 Fax
No. 91-80-558 5542 / 5496 E Mail
: km@aptech.ac.in Worldwide Branches : v
37,
Station Drive, Princeton, NJ08550 v
800W
Import Export Executive Camino Real, Suite 180, Mountain View, CA - 94040 v
200,
Corporate Centre Drive, Suite 340, Moon Township, PA 15108 v
Europe,
Dubai, Australia, Singapore, Bangladesh and
Republic of South Africa |
DIRECTORS
|
Name : |
Mr. Kalpathi S. Suresh |
|
Designation : |
Chairman |
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Date
of Birth/Age : |
01.10.1962 |
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Qualification
: |
Bachelors Degree in Electronics and Computer
Engineering from Anna University, AMIE and Masters Degree from BITS, Pilani. |
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Date
of Appointment : |
10.03.2003 |
|
List of other public
companies incorporated in India in which directorships held as on December 31, 2004 |
v
SSI Limited v
Binny Real Estate & Asset Developers
(Madras) Limited |
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Name : |
Mr. K. S. Aghoram |
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Designation : |
Vice-Chairman |
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Name : |
Mr. Pramod Khera |
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Designation : |
Managing Director |
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Name : |
Mr. K. S. Ganesh |
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Designation : |
Director |
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Name : |
Mr. D. V. Narasingarao |
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Designation : |
Director |
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Date
of Birth/Age : |
03.09.1961 |
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Qualification
: |
Graduate in Electronics and Computer
Engineering from Regional Engineering College, Trichy, Masters Degree from
BITS, Pilani and Masters Degree in Business Administration from GLIM,
Chennai. |
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Date
of Appointment : |
10.03.2003 |
|
List of other public
companies incorporated in India in which directorships held as on December 31, 2004 |
v
SSI Limited |
|
|
|
|
Name : |
Mr. R. Nagarajan |
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Designation : |
Director |
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Name : |
Mr. N. Seshadri Kumar |
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Designation : |
Director |
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Name : |
Mr. C. Y. Pal |
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Designation : |
Director |
KEY EXECUTIVES
|
Name
: |
Mr. Sree Vidhya Raju |
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Designation
: |
Company Secretary |
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Additional Director |
Mr.
Rakesh Jhunjhunwala
Mr.
Yash Mahajan
Mr.
Ramesh S Damani
Mr.
Asit Koticha
Mr.
Vijay Agarwal
Mr.
Ashish Pant
Mr.
Utpal Sheth |
MAJOR SHAREHOLDERS
|
Names
of Shareholders |
No. of Shares |
Percentage of Holding |
|
Promoter Holding |
8627798 |
25.75 |
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Mutual Funds |
16115 |
0.05 |
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UTI |
43871 |
0.13 |
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Banks/Financial Institutions/ Insurance
Companies (Central/ State Government Institutions/ Non- Government
Institutions) |
742267 |
2.22 |
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FIIs |
6336563 |
18.91 |
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NRIs |
285741 |
0.85 |
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OCBs |
9901 |
0.03 |
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Foreign National |
120 |
0.00 |
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Domestic Companies |
5171871 |
15.43 |
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GDR |
975888 |
2.91 |
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Trust |
4874 |
0.01 |
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Indian Public |
11294428 |
33.71 |
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TOTAL |
33509437 |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Company
is a Leading, Global IT Training, Software, Computer Education, Multi Media
Education and Consulting Company |
GENERAL
INFORMATION
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No. of Employees : |
1550 |
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Bankers : |
v
Andhra
Bank v
Punjab
National Bank v
Union
Bank of India v
Corporation
Bank |
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Facilities : |
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Banking Relations : |
-- |
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Auditors : |
M/s, Deloitte Haskins & Sells (uptil April
20, 2005) Chartered Accountant M/s. CNGSN & Associates (w.e.f. May 28,
2005) Chartered
Accountant |
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Subsidiaries : |
v
BconncetB.com
Worldwide Limited It
provides comprehensive E-Business Architect consulting services, runs a
state-of-art ASP service www.asp.bconnect.com
for the Asian Manufacturing Industry and participates in the equity of unique
B2B E-Commerce ventures. v
Aptech Training Limited F.Z.E. v
Aptech (WOS) Bangladesh Limited v
Aptech Software Limited v
Attest Testing Services Limited v
Aptech Worldwide Corporation v
Aptech Training & Education Trust v
Aptech Education Society v SSI Limited |
CAPITAL STRUCTURE
Authorised
Capital :
|
No.
of Shares |
Type |
Value |
Amount |
|
60,000,000 |
Equity
Shares |
Rs. 10/- Each |
Rs. 600.000 Millions |
Issued,
Subscribed & Paid-up Capital :
|
No.
of Shares |
Type |
Value |
Amount |
|
33,509,437 |
Equity
Shares |
Rs. 10/- Each |
Rs. 335.094 Millions |
FINANCIAL DATA
[all figures are in Rupees
Millions]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.12.2004 |
31.12.2003 |
31.12.2002 |
|
|
SHAREHOLDERS FUNDS |
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|
|
|
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1] Share Capital |
335.094 |
335.094 |
181.500 |
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2] Share Warrants |
0.081 |
0.102 |
0.000 |
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3] Reserves & Surplus |
615.947 |
1226.147 |
680.000 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
951.122 |
1561.343 |
861.500 |
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LOAN FUNDS |
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1] Secured Loans |
220.100 |
134.756 |
44.900 |
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2] Unsecured Loans |
0.000 |
2.978 |
56.500 |
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TOTAL BORROWING |
220.100 |
137.734 |
101.400 |
|
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DEFERRED TAX LIABILITIES |
0.000 |
12.847 |
0.000 |
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|
|
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TOTAL |
1171.222 |
1711.924 |
962.900 |
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APPLICATION OF FUNDS |
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|
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FIXED ASSETS [Net Block] |
739.749 |
874.071 |
659.700 |
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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|
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INVESTMENT |
59.660 |
59.157 |
14.000 |
|
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DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
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Inventories |
12.714
|
12.790 |
24.200 |
|
|
Sundry Debtors |
655.967
|
781.817 |
362.400 |
|
|
Cash & Bank Balances |
98.763
|
457.571 |
43.500 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
392.910
|
89.949 |
67.200 |
|
Total Current Assets |
1160.354
|
1342.127 |
497.300 |
|
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Less : CURRENT LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Current Liabilities |
770.291
|
505.386 |
196.200 |
|
|
Provisions |
18.250
|
58.045 |
11.900 |
|
Total Current Liabilities |
788.541
|
563.431 |
208.100 |
|
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Net Current Assets |
371.813
|
778.696 |
289.200 |
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|
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MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
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|
|
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|
|
|
|
TOTAL |
1171.222 |
1711.924 |
962.900 |
|
PROFIT
& LOSS ACCOUNT
|
PARTICULARS |
31.12.2004 |
31.12.2003 |
31.12.2002 |
|
Sales Turnover [including other income] |
1054.682 |
1679.740 |
1145.000 |
|
|
|
|
|
|
Profit/(Loss)
Before Tax |
(629.359) |
136.249 |
51.600 |
|
Provision
for Taxation |
12.767 |
23.525 |
4.000 |
|
Profit/(Loss)
After Tax |
(616.592) |
112.724 |
47.600 |
|
|
|
|
|
|
Export
Value |
202.749 |
135.818 |
NA |
|
|
|
|
|
|
Total
Expenditure |
1684.040 |
1543.490 |
1142.200 |
SUMMARISED
RESULTS
|
PARTICULARS |
|
|
31.12.2005 Full Year |
|
Sales Turnover |
|
|
1002.800 |
|
Other
Income |
|
|
156.200 |
|
Total Income |
|
|
1159.000 |
|
Total
Expenditure |
|
|
1223.400 |
|
Operating
Profit |
|
|
(64.400) |
|
Interest |
|
|
57.300 |
|
Gross
Profit |
|
|
(121.700) |
|
Depreciation |
|
|
195.100 |
|
Tax |
|
|
5.600 |
|
Reported
PAT |
|
|
(322.400) |
QUARTERLY
|
PARTICULARS |
|
|
31.03.2006 (1st
Quarter) |
|
Sales
Turnover |
|
|
172.700 |
|
Other
Income |
|
|
0.700 |
|
Total Income |
|
|
173.400 |
|
Total
Expenditure |
|
|
172.300 |
|
Operating
Profit |
|
|
1.100 |
|
Interest |
|
|
5.800 |
|
Gross
Profit |
|
|
(4.700) |
|
Depreciation |
|
|
30.800 |
|
Tax |
|
|
0.700 |
|
Reported
PAT |
|
|
(36.200) |
200603 Quarter 1 - Expenditure Includes
Employment Expenses Rs 38.50 million Training & Education Expenses Rs 75.60
million Marketing and Advertisement Expenses Rs 15.10 million Administrative
Expenses Rs 43.10 million Tax indicates Provision for Fringe Benefit Tax EPS is
Basic Status of Investor Complaints for the quarter ended March 31, 2006
Complaints Pending at the beginning of the quarter Nil Complaints Received
during the quarter 12 Complaints disposed off during the quarter 12 Complaints
unresolved at the end of the quarter Nil 1. The above result were taken on
record at the meeting of Audit Committee and the Board of Directors held on
April 26, 2006. 2. Figures for the previous year / quarters have been
regrouped/recast wherever necessary to conform to the current period.
KEY
RATIOS
|
PARTICULARS |
31.12.2004 |
31.12.2003 |
31.12.2002 |
|
Debt
Equity Ratio |
0.14 |
0.10 |
0.05 |
|
Long
Term Debt Equity Ratio |
0.03 |
0.01 |
0.01 |
|
Current
Ratio |
1.44 |
1.67 |
3.02 |
|
TURNOVER
RATIOS |
|
|
|
|
Fixed Assets |
0.92 |
1.70 |
1.43 |
|
Inventory
|
78.20 |
89.39 |
35.47 |
|
Debtors |
1.39 |
2.89 |
2.55 |
|
Interest
Cover Ratio |
(18.79) |
7.98 |
5.58 |
|
Operating
Profit Margin (%) |
(42.71) |
17.45 |
16.04 |
|
Profit
Before Interest and Tax Margin (%) |
(59.93) |
9.41 |
6.72 |
|
Cash
Profit Margin (%) |
(44.62) |
14.86 |
14.40 |
|
Adjusted
Net Profit Margin (%) |
(61.84) |
6.82 |
5.08 |
|
Return
on Capital Employed (%) |
(41.64) |
11.69 |
6.75 |
|
Return
on Net Worth (%) |
(49.09) |
9.30 |
5.37 |
STOCK PRICES
|
Face
Value |
Rs.10/- |
|
High |
Rs.89.40/- |
|
Low |
Rs.81.00/- |
LOCAL AGENCY
FURTHER INFORMATION
History
Aptech is a leading provider of IT
training globally, with a network of 2449 training centers spread across 52
countries.
Aptech is acclaimed as the leading IT-training organization
internationally. It has recently achieved the distinction of training 2.5 million
students across the globe through its consistent and unwavering stress on
excellent standards in course development and delivery. It has continually
launched thoroughly researched, industry relevant courses that enable its
students to have a march over others.
Aptech is the first IT training and education organisation to be awarded
the ISO 9001 certification for Education Support Services in 1993. This has
ensured consistent high quality standards in delivering world-class
curriculum.
Aptech's Training and Education business is conducted through a
franchisee model that provides retail, multimedia and institutional training
across the globe. Aptech - a Global training provider - partners global
institutions and software vendors such as Southern Cross University, Australia,
TACK Training, iflex Solutions, NETg etc. These partnerships enable Aptech to
anticipate and provide training on cutting-edge technologies. This has enabled
Aptech pursue its 3 pronged global leadership strategy with its strategic
business units- Global IT Education, Multimedia Education and Institutional
Training.
Aptech has the first-mover advantage of focusing on developing curriculum
for the Business Process Outsourcing (BPO) sector. APTECH has recently launched
the ACPG suite of courses with domain specialization in the fields of Banking,
Sales & Marketing, Accounting, and Call Centers.
Aptech's current international operations encompass countries across
Latin America, South East Asia, Middle East, APAC and SAARC. Aptech has entered
the Latin America market and has presence in Venezuela, Columbia, Argentina,
Panama, Brazil and Mexico. With 260 international centres in 52 countries,
Aptech has consolidated its leadership position in markets across China,
Bangladesh, Vietnam, Nigeria and Columbia.
It has received Awards & Milestones such as Listed in Business
India's Super Ranking for Top 100 companies, defined by percentage of growth,
in the year 2001. Ranked in Business Today's listing of Top 100 India's most
valuable companies in 2001. The first Indian Express Marketing Excellence Award
for Brand Excellence in IT Industry to Arena Multimedia in December 2001, etc.
Operations:
International:
China:
Year 2004 was an event making year for Joint venture(JV) company Beijing
Aptech Beida Jada Bird Jade Bird Information Technology Company Ltd., which
surpassed all internal targets set with respect to performance of the JV,
Revenues grew by 105% from USD 5.84 million to USD 12 million in 2004 during
the period when compared with 2003, along with corresponding increase in
profits by 221% from USD 1.26 million to USD 4.06 million in 2004 vis-a-vis
2003. This was possible through better product mix, increase in geographical
spread in terms of increase in number of centers from 110 in 2003 to 150 in
2004, aggressive marketing and cost reduction. This JV has been declared as a
leader in China with a market share of 14.8% of China's IT reduction and
Training services market in 2004 as per China Centre for Information Industry
Development (CCIID) report for 2004 and its market share has grown from 8.7% in
2002. This is the third consecutive year when CCIID has conferred the
leadership award on this JV. The outlook for 2005 is bright and the JV is
poised for significant growth through the ACCP - flagship Brand and new Brands
such as ACCP junior, BENET (Engineer for networking), and BTEST (new testing
course).
Vietnam:
Year 2004 showed growth in terms of business in centres and also in
number of centres. The Company added 5 centres in the year 2004 (3 Aptech
Computer Education (ACE) & ARENA) making the total to 16 in year 2004.
Billing and collection reported growth in the centres. Billing in 2003 which
was around USD 3,289,000 went up to USD 3,491,000 and Collection in 2003 which
was around USD 2300000 went up to USD 2,850,000. In Vietnam too, the Company
again scored the number 1 award for being best training institute for the
second consecutive year from International Data Group, The Computing
Association of Ho Chi Minh City.
Thailand:
you Company has witnessed growth of 54% in terms of revenue from Thailand
in 2004. The Company is exploring alternative business model viz. content
licensing, India Window Program (IWP) and joint curriculum development and execution
with universities in Thailand. These models are more appropriate in in
countries like Thailand, Philippines and Korea and the Company has aggressive
plans to further penetrate these markets in 2005. Discussions are in progress
with various Universities for content licensing and curriculum
development.
Latin America:
The Company's centre in Peru stated in 2004 and this marks the Company's
first significant presence in Latin America outside Columbia. It is expected
that the Company's courses will have an encouraging demand in the future. The
Company is in the advanced staged of discussions with partners for setting up
centers in Mexico and Venezuela.
Domestic - Retail:
Aptech Computer Education (ACE):
The year of consolidation was completed by mid 2004 and by the end of the
year the Company was able to show growth rapidly in the retail space with the
opening up of the IT market. The Company also alongside, implemented in a
smooth manner the Centre Automation System in most of the franchise centers as
a result of which, the data capturing and the transmission of monies have
reached a high quality level. The business also got a face-lift with University
programmes getting of monies have reached a high quality level. The business
also got a face-lift with University programmes getting rolled out through the
network centers, which apart from bolstering the revenues also heightened the
brand image in the market.
Arena Multimedia:
The multimedia brand of the Company has not only been able to retain the
numero no position in the market, but has been able to rapidly expand itself
and launch several programmes with high technical content which improved the
per student billing. Multimedia business also on the lines of IT Computer
Education had launched graduation programmes, which toned up the overall
profitability of the business segment, which will further improve the market
share as also the profitability.
SSI Education:
As you are aware, this brand caters to the high-end short-term course
segment, which has been steadily progressing after the brand was taken over by
Aptech Limited effective April, 2003. This brand of the Company had also
entered into strategic alliances with Red Hat as also Telelogic by which the
value of the courses recently rolled out, the business is likely to get further
visibility in the market.
Softskills:
This brand caters to grooming the personality of corporate professionals
on leadership, managerial, entrepreneurial and selling skills etc, The Year
2004 can safely be considered as the year of consolidation along with a
respectable growth over the previous years. During the year under
consideration, the Company acquired a number of new Thermal Power Corporation
(NTPC) and Oriental Insurance amongst others. The Company has achieved a
commendable growth by verticalizing the operations and by making the business
development & execution cum delivery functions separate and
accountable.
Educational Initives - Aptech University and Aptech College:
The Company had through a Society, created specifically for the purpose
of establishing a University, had gone ahead and set up a private University in
the Sate of Chattisgarh. In addition to the campus at Raipur, the Company had
also activated the distance education wing of the University by which several
students across the county took enrollments for various courses and part of the
curriculum was also delivered through the network centers of the Company. While
so, one of the leading educationists in the in the country had filed a writ
petition in Supreme Court of India Challenging the creation of private
Universities in the State of Chattisgarh. The Supreme Court after listening to
the arguments form both sides had passed an order dated February 11, 2005 by
which they have rendered the private Universities created in the State as null
and void.
Many of the Universities from Chattisgarh, being aggrieved by the
impugned order, have flied review petition and Aptech University has also
similarly filed a review petition. This apart, the matter has been taken up
with the Sate Government with a request that the defect in the enactment may be
cured through an appropriate process of the State Legislature and thus bring
about the position status-quo-ante. The review petition as also the request
application to the Sate for rectification is pending disposal.
Future
Prospects:
With the IT industry in India recruiting IT professionals aggressively,
the IT training industry is feeling the domestic retail market. The
International business of Aptech in China, Vietnam, Middle East and Latin
America in on sound footing and should show better growth in coming year.
The institutional business is contributing significantly to the overall
revenues of the Company. Having Bagged prestigious school education projects
from the states of Delhi and Orissa last year, they should add to the revenue
streams of this business as the implementation is proceeded as per
schedule.
The new business of learning solutions and testing and certification are
at a nascent stage. These are expected to grow multi-fold, albeit from a low
base and also add to the growth of the Company.
Hence, the prospects for 2005 seems to be encouraging for the Company.
This has been also validated in the first quarter of 2005. The overall
performance of the Company should improve significantly in the year 2005, both
in terms of growth and profitability.
Industry Structure
and Development:
The year 2004 started with buoyancy all around and more particularly, in
the IT segment. The spends were significantly higher and there was substantial
investment in the ITES segment with the BPO once again taking a prominent lead.
The Government and the Institutional business had also through the Sarva Siksha
Project in the Country brought out big sized tenders to cover the length and
breadth of Government schools in the country with computer literacy and
computer literacy and computer programmes.
Opportunities and Threats:
a) Opportunities:
The Company has set itself firmly in the path of being a world class
learning corporation. With the advent of and forays made into learning
services, testing and certification services as also the formal sector of
education, the opportunities for the Company have increased manifold.
b) Threats:
Being a part of the Information Technology Industry, the Company would
certainly be exposed to the risk of technological obsolescence. However, The
Company has taken sufficient steps in setting up advisory groups, whose
recommendations are periodically reviewed and implemented to reduce the risk of
obsolescence. Further, the Company being in the Training and Education
business, its fortunes are inextricably linked to the prospects of the overall
IT industry with a lag effect. This is being sought to be reduced by certain
new initiatives in the non-IT Training and Allied Education Services.
Outlook:
During the year 2004, the Company embarked into the stream of formal
education with the rolling out of courses from the newly set up Aptech
University. The Company also forged strategic alliances to roll out high value
products, which would improve the overall per student billing. Long term
courses with high skill requirements were also launched in the multimedia segments,
where the responses have been overwhelming.
On an overall basis the outlook for the retail segment as also for the
institutional segment looks promising and the Company would go all out to
further improve its performance.
Risks And Concerns:
The Company has been in the IT Training and Education business for the
last almost 2 decades. Institutional and Government spending being high in the
last few years, the Company has focused its attention in the institutional
segment as well, which has streamlined the revenue stream in a major way. This
apart, the Company's forays into the learning services space and the testing
and certification space, has thrown open multiple opportunities with handsome
margins. The recent launch of the University takes the Company into the formal
sector, and this would also have a tremendous impact on the retail segment in
addition to bolstering the overall image of the Company, Considering the wide
number of segments that the Company has gone into over a period of time, the
risk has been considerably mitigated and there is no single dependence of the
Company on any one segment.
Aptech University, which was sponsored by the Company, was created and
had rolled out courses in various disciplines which saw a major revival in the
network centers of the Company. However, in view of the petition filed by an
educationist in the Supreme Court of India, the University has ceased to exist
since the manner in which the legislation took place in the State of
Chattisgarh for the creation of this University, was technically defective. In
view of this situation, the University has made a review petition along with
several others and has also appealed to the State of Chattisgarh to rectify the
defect and restore the original position of the University created. The
response to these two actions taken is pending.
INDUSTRY
Software is the main driver of the Indian IT
industry and accounts of more than 50% of the total revenue. The Indian
software industry has become the base of quality software professionals as
India has a pool of low-cost English speaking scientific manpower. The software
industry is growing at compounded growth rate of 52% since last five years. The
Indian software companies have been successful in building a global image for
themselves and are the most preferred vendor in the US or outsourcing software
requirement.
During FY98, Indian software industry
recorded a total revenue of Rs.100.40 billion ($2.4 billion) at growth rate of
more than 59% over FY97. Software export industry again recorded a higher
growth than the domestic software industry. Software export increased by 67% in
FY98 to record a turnover of Rs.65.30 bn whereas domestic software industry
recorded a turnover of Rs.35.10 bn while registering a growth of 45% in FY98.
USA is India’s main export partner
accounting for 58% of the total software exports followed by Europe with 21%.
In the last couple of years, Japan has started emerging as an attractive
destination for Indian software exports accounting for around 4%. Over the next
few years, software exports to Europe, Australia and Asian countries are
expected to increase significantly. Other markets that are expected to have
good potential are South Africa and Latin America.
BUSINESS
Subject is a leading, global IT training,
software and consulting company.
Subject has offices in USA, Canada, UK,
Australia, South East Asia, United Arab Emirates and India.
Subject was the first training organisation
in Asia to attain the coveted ISO 9001 Quality Certification for education
support services. It has also obtained
ISO 9001 Quality Certification for its software and consulting units.
Today, subject has over 1500 training
centers spread across 32 countries.
It's global education and training business over the years has emerged
as one of the world's largest training providers. Today it is a well established brand in retail as well as
corporate segments with its training brands Aptech Computer Education, ASSET
International and Arena Multimedia.
Its' software and consulting group has a
large and growing resource pool of IT and consulting professionals focused on
designing and developing solutions in the field of technology based training,
knowledge management, e-commerce and enterprise software solutions that
includes re-engineering and migration, ERP<Baan, SAP consulting and
implementation and web enabling of existing and legacy applications.
It has developed a solution framework called
eWISE, which is deployed in its' worldwide knowledge management engagements.
E-Commerce is the other major focus area for
it. It has developed complex web
solutions for its clients and helping both new DotCom Ventures and traditional
brick and motor companies in the conceptualisation and execution of end-to-end
Internet and E-Commerce strategies.
Its' E-Link Solutions for supplier and distributor connectivity has been
deployed as part of its extended ERP solutions worldwide. It has developed dedicated offshore
development centers for clients from the USA, Canada, UK, France and Asia. It has evolved a number of vertical focus
areas and these include education, discrete manufacturing and service delivery.
It has alliances in the area of software development with IBM, Sun and
Microsoft etc. It's software division
employs over 530 people currently. Its'
team comprises Indians, Americans, Europeans and other Asians.
Its' Value
Proposition :
²
Business
consulting towards e-business with domain skills in various manufacturing
industries, service delivery, customer care and education.
²
B2C
solutions : It works as interactive
architects with skills covering web design and multimedia.
²
C2B
solutions : enabling customers to
interact , order and respond directly with the company.
²
B2B
expertise : to enable transformation of supply of chain to help customers get
closer to their clients.
²
Process
optimisation : linkages into legacy systems and ERP alongwith its extended
coverage to enable customers integrate closely with their clients and vendors.
²
Efficient
processes : GroupWare, web migration and systems integration to enable itself
as well as customers to respond faster to changes in the marketplace.
²
Subject
helps imbibe internal and external intelligence in transaction that helps
create communities of best practises within its client companies.
²
It
possesses demonstrated e-Commerce capabilities that enable its clients to buy
and sell on the net.
Education and training, during FY12/99
contributed around 85% (Rs. 3130 millions) of the company's total
turnover. It has forged an alliance with
Open University, Columbia, Canada and IGNOU.
During February, 2000, the company launched onlinevarsity.com, an online
education portal. Onlinevarsity has
tied up with Jobstreet.com, a leading
online recruitment solutions.
Onlinevarsity has registered over 1.5 millions page views and more than
10000 students are undergoing courses since the launch of the portal. Jobstreet.com already has over 10000
registered jobseekers in India and over 80 companies across India, Asia Pacific
and USA. It has also launched the
Aptech Certified e-commerce Professional course in the field of the Microsoft
platforms and products. It has also
entered into a strategic partnership with GE Countrywide Consumer Financial
Services (GE Countrywide) to offer zero percent interest on computer education
loans to students.
Operating
margins during Q1FY12/2000 went up to 14.3% from a negative figure of 2.3% due
to increasing share of software revenues.
The company has announced a tie up with Saba, a market leader in
e-learning infrastructure to provide e-learning solutions to corporation
worldwide. It has set up a new software
development centre at Mumbai and an e-commerce factory in Bangalore. It also has presence in other areas like
ERP, SCM, CRM, Group Ware and Knowledge Management.
Training and
Education :
Subject's training and education business is
organised into 5 separate divisions :
Aptech Computer
Education :
Ace offers a wide range of computer
education which range from computer awareness courses to comprehensive 3-4 year
diploma / degree type course. It's
education support services have ISO 9001 Quality Certified Systems. Total centres under ACE went up to 908 in
1998 and the course was made available in 7 Indian Languages.
Arena :
It develops creative design and skills
through multimedia. It has alliances
with Macrromedia and with Apple Inc. and also academic partnership with
Southern Cross University, Australia and Farleign Dickenson University, USA. Students enrolment in the course was 15000
in the year 1997-1998 as compared to 7000 in the year 1996-97. During FY99, the division introduced three
new courses, Dual Diploma in multimedia and Web engineering, a Professional
Diploma course in Web engineering and an Advanced diploma in Web Engineering.
Asset :
It combine erstwhile Aptech School for
Software Exports Training and Hardcore International networking Training. It is targeted at industry employed
programmers and analysts and graduates / engineers looking for careers in the
international software industry. During
the year 1998-99, it introduced additional courses like the e-commerce course (ecom@asset),
the Net Engineer, MCSD course etc. The
division has also tied up with companies like IBM and Lotus for offering specialised
and certified courses.
Aptech Online
Education :
Software and
Consulting :
This is divided into four divisions :
²
Technology
based training (TBT)
²
Knowledge
Management (KM)
²
Global
Software Services
²
E-Commerce
Fixed Assets
v Freehold Land
v Building
v Plant & Machinery
v Furniture & Fixture
v Vehicles
As
per website Details:
Company
Profile
Aptech Limited, leading IT Education and Training Company with a global presence has its headquarters at Mumbai , India . The company addresses business opportunities in the retail training & education segment with a thrust on long-term career courses and the high-end short-term courses in Information Technology, Multimedia and Soft Skills Training. The Company also has a significant business in the Institutional segment where it offers Total Learning Solutions to Corporates, Governments and Working professionals.
Aptech’s global billing was in excess of Rs. 4910 million in 2004; the first Asian IT education company to receive the ISO 9001:2000 Certification for Education Support Services. Aptech is listed on the Bombay Stock Exchange and National Stock Exchange, India as well as the Luxembourg Stock Exchange, Luxembourg .
Aptech
commenced its IT education & training business in 1986 and has trained over
4 million students – globally. Aptech is an ISO 9001:2000 organization and was
the first IT training and education organisation in Asia to receive the ISO
9001 quality certification for Education Support Services in 1993
Our Divisions
- Global IT Education -
Aptech Computer Education & Aptech Worldwide
- Global MultimediaEducation -
Arena Multimedia
- High-end technology training - SSI
Education
- ATTEST –
Testing Services
- Learning
Services – E-Learning & Consultancy Services
- Aptech Soft
Skills Training – Soft Skills
- Aptech BPO Education Services – Manpower
Solution for BPOs
Training
partners - Southern Cross University, Australia,
NETg, Sikkim Manipal University, Oracle, SUN Microsystems etc.
Aptech
Computer Education
- 19-year-old
flagship brand
- Premiere course
offering - ACCP Program
- NetEnginer –
Hardware & Networking course veered towards international
certifications
- Vidya –
Multi-lingual basic literacy course
- Pioneered
unique hybrid learning methodology
Aptech
Worldwide – Spanning the Globe
- Leadership
position in China and Vietnam
- According to a
Study conducted by the Ministry of Information Industry, P.R.C, China
Center for Information Industry Development (CCID) BeiDa APTECH is the
number one brand in China in the IT Training segment for the third consecutive
year in 2004.
- Current
international operations encompass countries across Latin America, South
East Asia, Middle East , APAC and SAARC
- Aptech the
non-formal education provider in Turkey to receive Government-recognition
for its career course, ACCP (Aptech Certified Computer Professional)
Program, thanks to Turkey 's Ministry of Education
- Course
contents translated into Chinese, Russian, and Spanish
- Tie-ups with
NETg, Southern Cross University, Australia, and Sikkim Manipal University,
India
- ITEC, India
Window Program - unique IT curriculum for foreign University students
- Students from
Korea, Maldives, Bangladesh, Kenya, El Salvador, Sri Lanka, Madagascar and
Tanzania have participated in the India Window Program
- Pioneered a
unique Learning Methodology, the Hybrid Methodology. This AMEDA (Aptech
Multimodal Education Delivery and Architecture) model incorporates a
combination of Instructor-led, Computer Based (CBT) and web-based
instruction & learning
Arena
Multimedia
- Trained over
0.150 Millions students
- Initiated
significant CSR activity to provide free multimedia training to the
underprivileged
- Offers
comprehensive career courses for students, professionals and Entrepreneurs
- Its Arena
Multimedia Specialist Program is a perfect choice for students seeking
global careers in multimedia
- Introduced
courses for New Age careers like Fashion Designing, Games Development,
Film Studies etc.
- Arena
Animation Academy – offers high-end specialized courses in 2D and 3D
animation.
Leadership Initiatives
•
Partnered Confederation of Indian Industries (CII) on its declaration of the
Year of Multimedia (2002-03)
•
Launched Special Interest Group in MultiMedia Arena (SIGMMA) to spearhead
application developments in multimedia, and design & provide directions to
industries as well as realization of values for the common man
•
Pioneered the Customer Integrated Learning Methodology (CILM), an
integrated learning model that provides a comprehensive, interactive learning
methodology
SSI Education
- Leaders in High-end Technology Training
- Incorporated
in 1991
- High quality
IT training
- Highly
structured courseware
- Scholarships,
Joint certifications from Global leaders like Microsoft
- Affiliations
with Universities
- Partnership
with Global Leaders like Oracle, Thomson Prometric, Sun Microsystems,
Telelogic
- ISO 9001:2000
for Delivery & Training
ATTEST -
Testing Services
- Process expert
in online assessments & tests delivered through ATTEST authorized Test
centers and directly on the Web
- Exclusive
delivery partner to conduct online certification tests for Computer
Society of India (CSI)
- Test engine
adheres to International Standards such as QTI & AICC
- Services offered
include :
- Pre Test
Process
- Online Test
or Survey Delivery
- Post Test
Process
- Surveys
Learning Services Group
- Provides
complete training solutions to organizations in countries around the world
- Currently
executing assignments in Content Development and Conversion for domestic
and international clients
- Pioneered e
learning through its comprehensive education portal,
- Onlinevarsity.com
- courses relating to IT and non-IT
- Onlinevarsity.com
- over 1000 hours of E Learning content
Aptech Soft Skills Training (ASST)
- The soft
skills training division of Aptech, has developed a range of competencies
enabling it to deliver focused training solutions
- In India ,
ASST offers a wide range of training courses
- Conducting
training programs for leading organizations such as Maruti Udyog,
Electrolux, Dabur, ICICI, Bayer, Mahindra & Mahindra, Blue star, HP,
Onida etc.
Aptech BPO - Education Services
- Helps the BPO
segment in screening, sourcing, training and placing candidates as per
their requirement.
- Tie-ups with
leading and renowned BPOs / Call Centres
- Providing
training on Spoken and Written English, Accent Neutralisation, US and UK
culture, Telephone Handling Skills, Customer Etiquette, Personality
Development
- Currently BPO
Education services being offered in Delhi , Mumbai, Pune and Chennai. More
location being added
Education
Aptech Limited is a
well-established player in the IT Training space with a growing presence in the
formal education sector. Aptech has crossed the 3.5 million students mark
recently --- testimony to its academic quality, industry-relevant technology
and assessment systems. Aptech Ltd. is India's leading IT Education and
Training Company with a global presence.
Its core competencies are in the areas of education, research & development, content development etc. As a global player, it promises to be capability-, process- and solution-oriented. Another strength is its focus on customer-needs with products suited to every segment: for the youth (Aptech Plus), through school & college (Aptech, SSI Education, Arena Multimedia, Aptech College) and the working professional (Institutional Business and Aptech Soft Skills). The backbone for all the above is Aptech University. Aptech solves corporate needs by providing solutions in the learning sphere through Learning Services, Soft Skills and ATTEST; the "learning curve" is capped by automated evaluation.
Exemplifying its foray into
formal education is the Aptech University and the Aptech College, both set up
last year. Also launched was its Testing Services division, ATTEST, even as
another - the Learning Services Division -- continued to progress with clients
of repute. Meanwhile, Aptech Soft Skills Training (ASST) is establishing itself
as a significant player in soft skills training.
Aptech Computer
Education provides computer training of international
standards to students and working professionals worldwide.
They offer software engineering education and career option
programmes to students across the world. Their career-specific computer courses
are imparted through interactive teaching techniques, state-of-the-art technology
and experienced faculty.
Keeping pace with change is vital. Their alliances with
leading institutions abreast us of the information technology industry. They
have continuously introduced new courses that help us to keep pace with the
growing demands of the industry. Their methods of imparting education are
reviewed periodical. Adopting new innovative training techniques has made us
successful
Arena
Multimedia is Asia's
leader in multimedia education. Arena offers a range of career courses for - students
as well as professionals and Entrepreneurs,
in Multimedia, Web Engineering, Media Convergence, Visualization
techniques, Audio Video editing, 2D & 3D Animation, and also in Interactive
Multimedia programming.
Arena Animation Academy -
Arena Multimedia has set up special training centers for training on
Animation.The Academy offers courses in high - end animation with
specialization in Maya for 3D animation, Animo & US Animation for 2D
animation, Classical & Cel Animation, Audio-Video Editing & Special
Effects.
AAA operates on high-end platforms like NT's and are
equipped with a state-of-the-art infrastructure.
SSI
Education
- Incorporated in 1991
- No. 1 high-end IT education provider
- High quality IT training
- Highly structured courseware
- Scholarships, Joint certifications from
Global leaders like Microsoft Affiliations with Universities
- 24 hour lab facility
- Loan schemes
- Partnership with Global Leaders like
Microsoft, Oracle, Thomson Prometric
- ISO 9001:2000 for Delivery &
Training
|
DATE |
HEADLINES (2006) |
|
|
|
31
May |
|
|
|
27
April |
|
|
|
20
April |
|
|
|
11
April |
|
|
|
5
April |
Arena
Animation Academy launches Arena Animation Academy Specialist Program 2006
(AAASP 2006) |
|
|
16
March |
Aptech
launches operations in Venezuela – Inaugurates centre at the capital city of
Caracas |
|
|
25
Feb |
Arena
Multimedia organizes Digital Art Exhibition – FX 2006 in Kolkata |
|
|
16
Feb |
Aptech
conducts softskills workshop for children associated with NGO - Swati
|
|
|
31
Jan |
Aptech
features in Top 100 in ‘Business Today -Cirrus Review 2005 |
|
|
19
Jan |
|
|
|
17
Jan |
|
APTECH
ANNOUNCES YEAR 2006 as YEAR OF PLACEMENTS
New Delhi, May 31,
2006: Reinforcing
its commitment to the students, the Global Learning Solutions Company , Aptech
Ltd. has announced the Year 2006 as the “Year of Placements” for all its
centres world-wide. Aptech's various education brands such as Aptech Computer
Education, Arena Multimedia & SSi Education in India as well as
internationally, have an enhanced placement focus this year.
Under this, various initiatives like workshops viz. ‘TechWize' - cutting-edge
technology inputs and ‘CareerWize' - behavioural skills inputs, are being
conducted all across. The students have the advantage of Campus Recruitment
Programs, Placement Weeks, Job Fairs, eNewsletters and Personal monitoring,
grooming and placement of each student. Under the Year of Placements, the goal
is to achieve 100% placements.
This year, to add value and increase the employability of the students, Aptech
has conducted close to 100 CareerWize workshops & over 50 TechWize
workshops across the country benefiting 5000+ students. More than 50 campus
recruitment programs have been conducted till date in 2006. This is in addition
to the off campus programs that are routinely conducted by the client
organizations.
Aptech has been very active in it's placement activity all through and has
placed students in prominent organizations. 72% of Aptech students were placed
in pure technical roles in 2005. Aptech Computer Education &
SSI students got opportunities in areas like Programming, Training, Customer
Support, Technical Support, System Administration and Web Designing, whilst
Arena students were placed as Animators, AV Editors, Graphic Designers, Web
Designers, Game Designers, Content Developers, Compositors and Visualizers.
Accenture, Birlasoft Technologies, CGI Information Systems, Cognizant
Technology Solutions, EDS, HCL Comnet Ltd, HCL Technologies, HSBC Software Ltd,
IBM Global Services, Iflex Infosolutions, Infosys Technologies, Mahindra
British Telecom, Mphasis, Oracle Corporation, PCS Technologies, Polaris
Software Lab, Satyam Computers, Sonata Software, TCS & Wipro Technologies
are some of the organizations which have absorbed students from Aptech &
SSi.
Arena students have been placed in organizations like Asianet Satellite Communications,
123greetings.com, Balaji Tele Films, Crest Communications, Datamatics,
Dataquest, ETV, India TV, Macmillan (I) Ltd, Mudra Communications, NDTV,
Paprikas, Animation Studio, Paradox Studio, Paxar India Pvt. Ltd, Prime Focus
Ltd, Rhythm & Hues, Sify, Star TV, Tata Interactive Systems, Toonz
Animation India Pvt. Ltd & Zee Telefilms.
About Aptech Limited :
Aptech Limited, a Global Learning Solutions Company with a presence across 5
continents, is playing a key role in helping individuals, organizations and
nations adapt to the changing requirements of a knowledge-driven world.
Aptech's various business lines include IT & Multimedia Education &
Training (Aptech Computer Education, SSI Education & Arena
Multimedia) ; Offshore Content Development (Aptech Learning
Services); e-learning (onlinevarsity.com), Testing
& Certification (ATTEST); Soft Skills & IT Training
Solutions (Aptech Training Solutions) and Manpower services.
Aptech commenced its IT education & training business in 1986 and has
trained over 4 million students – globally. Aptech is an ISO 9001:2000
organization and was the first IT training and education organization in Asia
to receive the ISO 9001 quality certification for Education Support Services in
1993.
For further information on Aptech Limited please do visit their website at www.aptech-worldwide.com
APTECH
ANNOUNCES QUARTER 1 (Jan-Mar 2006) RESULTS - Total
Revenue Rs. 363.900 Millions s & Net profit after tax of Rs.
20.000 Millions
Mumbai, April27, 2006: Aptech Limited, the Global Learning
Solutions Company, announced it's financial results for the quarter
ended March 31, 2006. The unaudited financial results were taken on record
at the Board Meeting held at Mumbai on April 26, 2006.
Aptech continued it's expansion internationally and opened centres in Syria,
Philippines, Iran, Russia, Fiji, Turkey & South Africa (Johannesburg).
Aptech's retail brands viz. Aptech Computer Education, Arena Multimedia &
SSi Education introduced new line of courses keeping the Industry trends in
view and are upbeat about the performance in the coming quarters. Aptech's
premium ACCP programme has been upgraded to include a year of internship,
whereas Arena has introduced courses focused on hi - end Animation – AAASP 2006
& Diploma in Animation Engineering. SSi continued it's focus on Vendor
certified courses and targets to set up 100 authorised Prometric centres during
the course of the year. Aptech has declared year 2006 as the “Year of Placements”,
with the company focusing on enhancing the employability of it's students.
Financials at a glance - Qtr Jan to Mar 2006:
Aptech's consolidated Revenue for Q1 is at Rs. 363.900. The PBDT has been
reported at Rs. 72.100 The Profit After
Tax stood at Rs. 20.000.
International operations :
In China, where Aptech has been the market-leader for the fourth consecutive
year with 215 centres, the company has recorded a turnover for 3 months ended
March 2006 at USD 6.41million as compared to the turnover of USD 4.12 million
for 3 months ended March 2005, registering a 56% growth in the first quarter.
About Aptech Limited :
Aptech Limited, a Global Learning Solutions Company with a presence across 5
continents, is playing a key role in helping individuals, organizations and
nations adapt to the changing requirements of a knowledge-driven world.
Aptech’s various business lines include IT & Multimedia Education &
Training (Aptech Computer Education, Arena Multimedia & SSI
Education); Offshore Content Development (Aptech Learning
Services); e-learning (onlinevarsity.com), Testing
& Certification (ATTEST); Soft Skills & IT Training
Solutions (Aptech Training Solutions) and Manpower services.
Aptech commenced its IT education & training business in 1986 and has trained
over 4 million students – globally. Aptech is an ISO 9001:2000 organization and
was the first IT training and education organization in Asia to receive the ISO
9001 quality certification for Education Support Services in 1993.
For further information please visit www.aptech-worldwide.com
APTECH
ranked Number 1 in Chinese IT Training market for the fourth consecutive year*
- Increases market share to 18.8%
New Delhi, April20, 2006: Aptech, the global learning
solutions company, retained its numero uno position in IT training in China for
the fourth consecutive year according to the prestigious CCID Report. Its
market share increased to approximately 19% in the year 2005.
The Chinese IT education and training service market has grown from 33.50
billion RMB in 2004 to 41.49 billion RMB in 2005, showing an increase of 23.9%.
(100 USD = approximately 802 RMB).
The top 5 players of the Chinese IT education and training service market made
up for 43.5% of the market share. Aptech (at 18.8% market share) achieved the
ranking much ahead of other players including Chinese Academy of Science (CAS)
(with 9.6% market share) and NIIT (7.9% market share), China Digital (with 3.8
% market share) and East Software - Dongruan (with 3.4 % market share).
In the year 2004 too, Aptech with 14.8% market share, achieved the ranking
ahead of other players including Science Institute of Software (with 10.3%
market share) and NIIT (7.9% market share).
APTECH started its operations in China in the year 2000 through its joint
venture - Aptech Beida Jadebird IT Co. Ltd, an affiliate of Beijing University.
Aptech has trained over 2,00,000 students in China since then. Aptech has over
200 centres in 57 cities and has an exclusive cooperation for an Alliance
Certification Program with OSTA OF MOLSS OF CHINA (Occupational Skill Testing
Association of the Labor and Social Security Bureau).
Pramod Khera, CEO & Managing Director, Aptech Ltd, says
“Aptech's tryst with leadership position in China continues as it garners the
top slot for the fourth consecutive year in China's highly competitive market.
Aptech's market share in China has shown a steady year on year growth, largely
due to their geographical spread combined with the strength of their
well-researched courses suited to the Chinese market and the dedication of
their team in China”
Ministry of Information Industry-P.R.C, CCID (China Center for Information
Industry Development)-China CCID has been oriented to government bodies,
enterprises, industry communities and the society and offers a complete and
comprehensive set of information services. CCID is widely recognized as one of
the largest, most influential and modern China's top-tier information service
conglomerates. It has made a conscientious
subdivision of dissemination channels, and opened up world-class services in
building a perfect bridge between clients and end-users both at home and
abroad.”
About Aptech Limited :
Aptech Limited, a Global Learning Solutions Company with a presence across 5
continents, is playing a key role in helping individuals, organizations and
nations adapt to the changing requirements of a knowledge-driven world.
Aptech’s various business lines include IT & Multimedia Education &
Training (Aptech Computer Education, Arena Multimedia & SSI
Education); Offshore Content Development (Aptech Learning
Services); e-learning (onlinevarsity.com), Testing
& Certification (ATTEST); Soft Skills & IT Training
Solutions (Aptech Training Solutions) and Manpower services.
Aptech commenced its IT education & training business in 1986 and has
trained over 4 million students – globally. Aptech is an ISO 9001:2000
organization and was the first IT training and education organization in Asia
to receive the ISO 9001 quality certification for Education Support Services in
1993.
At
Aptech Learning Services, they look for skilled, responsible and forward
thinking individuals. Aptech offers two distinct tracks. If the background and
experience is in technology, as related to systems, networking, integration,
hardware or software; then they have exciting positions and responsibilities
for you to step into. Should the interests, background and experience be more
in the content development area, then they have three global development
centers that can utilize the talents in ID, graphics, content writing, course
development and animation (to name some key specializations). Additionally,
they seek people who also share their interests in being responsible corporate
citizens and meeting the challenges and rewards of being a global operation.
In return, they offer a dynamic environment with excellent career building
programs. Members choose among different higher education initiatives to
enhance their knowledge and effectiveness; and such initiatives enable
employees to build successful long-term careers with Aptech.
They invite you to use the application form included on this Web site
to apply for membership with the Aptech team
APTECH is
one of the world’s largest custom content development and training companies
with more than 20 years of experience working with major Fortune 500 companies.
The company is based in Mumbai, India, with operations around the world
including the United States, Europe, Latin America, Africa, Asia and the Middle
East (Middle East is a part of Asia) We’ve developed more than 1000 courses
serving millions of learners worldwide.
Aptech serves a variety of industries including but not
limited to information technology, software development, aviation, automotive,
banking, finance, insurance, telecommunications, retail and entertainment
companies.
As an ‘on call’ content development team, they help companies
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the unique needs of the client and the learner.
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 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.45.91 |
|
UK
Pound |
1 |
Rs.84.63 |
|
Euro |
1 |
Rs.57.74 |
SCORE &
RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
- |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
- |
|
--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
- |
|
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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
YES |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
25 |
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 and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit
history (10%) Market
trend (10%) Operational
size (10%)
RATING EXPLANATIONS
|
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 |