MIRA
INFORM REPORT
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Report Date : |
24TH
June 2006 |
IDENTIFICATION DETAILS
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Name : |
ZICOM ELECTRONIC SECURITY SYSTEMS LIMITED |
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Registered Office : |
Zicom House 45, Chimbai Road, Behind St. Andrews
Church, Off Hill Road, Bandra (West), Mumbai – 400 050, Maharashtra, India |
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Country : |
India |
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Financials (as on) : |
31.03.2005 |
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Date of Incorporation : |
01.12.1994 |
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Com. Reg. No.: |
11-83391 |
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CIN No.: [Company
Identification No.] |
U32109MH1994PTC083391 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
MUMZ00293G |
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Legal Form : |
Public limited liability company. The company’s shares are
listed on the stock exchanges. |
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Line of Business : |
Manufacturing and Importing of Electronic Security related
Components including C. C. T. V., Fire Alarm, Intrusion Detection System,
Access Control, Control Panels, Switchers, Timers, Cables, etc. |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
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
1250000 |
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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 : |
Subject is a well established company having satisfactory track.
Trade relations are fair. General financial position is satisfactory.
Payments are usually correct and as per commitments. The company can be considered good for normal business dealings.
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LOCATIONS
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Registered Office : |
Zicom House 45, Chimbai Road, Behind St. Andrews
Church, Off Hill Road, Bandra (West), Mumbai – 400 050, Maharashtra, India |
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Tel. No.: |
91-22-26452784/2785/26454841/26515571/72/40003535 |
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Fax No.: |
91-22-26454842 |
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E-Mail : |
1. corporate@zicomsecure.com |
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Website : |
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Factory
1 : |
Survey No. 143/1,
Gala No. F-3, First Floor, Veera Industrial Estate, Amalia, Dabhel, Nani
Daman-396 210 |
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Network : |
MUMBAI - H.O. & BRANCH Zicom House, 45-Chimbai Road, Off Hill Road, Bandra (W), Mumbai - 400 050. Tel : 91-22-26454841 / 265 15571 Fax No : 91-22-26454842 2, Bhagawan Mansion, Cinema Lane, Behind Metro Cinema, Mumbai - 400 002. Tel : 91-22-22003463 / 78 / 87 Fax No : 91-22-22087928 Unique Industrial Estate, Unique House, 213, 2nd Floor, Chakala Road, Opp. Car Bazar, Next to P & G Plaza, Andheri (E), Mumbai - 400 099. Tel : 91-22-30916669/39533728 Fax No : 91-22-28340957 Gala No. 6, Sagarmanthan Indl. Estate, Bhoidapada, Sativali Rd., Vasai (E). Tel : 91-250-2454497 / 5305 Fax No : 91-250-2454497 AHMEDABAD 202, 2nd Floor, Abhishree, Near Jodhpur Char Rasta, Satellite Road, Ahmedabad. Tel : 91-9377746460 PUNE Al , 1 st Floor, Amrut Kumbh, New Sadashiv Peth, Pune-411 030. Tel : 91-20-24336323 / 24 / 25 Fax No : 91-20-24336324 BANGALORE B-0 1 , Fremont Terraces Lower Ground Floor, No.3580, 4th Cross, Hal 2nd Stage, Indiranagar, Bangalore - 560 038. Tel : 91-80-25205086/25216646/25267803 /
25267806 Fax No : 91-80-25267805 HYDERABAD Surya Arcade, 4th Floor, 1 - 1 1 -247, Begumpet, Hyderabad -500 01 6. Tel : 91-40-55316901 / 2 Fax No : 91-40-27763083 CHENNAI GA Swathi Court, Opp. Andhra Club, 22, Vijayaghavachari Road, T. Nagar, Chennai-600017. Tel : 91-44-28151025/26 Fax No : 91-44-28151027 DELHI 1 07/09/ 11/13, Classique Tower, 'J' Block Community Centre, Rajouri Garden, New Delhi- 110027. Tel : 91-11-39563811 _ KOLKATA Flat No.S-IOI/B/l& 2,lst Floor 1 0-A, Ho Chi Min Sarani, Kolkata-700071. Tel : 91-33-22822102/22823875 Fax No : 91-33-22825497 |
DIRECTORS
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Name : |
Mr. Manohar Bidaye |
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Designation : |
Chairman |
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Name : |
Mr. Pramod V. Rao |
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Designation : |
Managing Director |
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Name : |
Mr. Harish Nayak |
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Designation : |
Director |
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Name : |
Mr. Mukul Desai |
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Designation : |
Director |
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Name : |
Mr. R. S. Huger |
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Designation : |
Director |
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Name : |
Mr. N. V. Tapare |
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Designation : |
Director |
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Name : |
Mr. Vijay Kalantri |
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Designation : |
Director |
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Name : |
Dr.Atul Wad |
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Designation : |
Additional Director (w.e.f. 9th March, 2005) |
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Name : |
Purvi R
Vasha |
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Designation : |
Company Secretary |
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Name : |
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Designation : |
Head -
Special Projects Group |
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Name : |
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Designation : |
Vice President
– Sales Operations |
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Name : |
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Designation : |
Vice
President – Fire Solutions |
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Name : |
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Designation : |
Head -
Human Resources |
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Name : |
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Designation : |
Additional
Director |
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Name : |
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Designation : |
Chief
Financial Officer |
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Name : |
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Designation : |
Chief
Technology Officer |
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Name : |
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Designation : |
CEO -
Consumer Services Group |
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Name : |
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Designation : |
CEO -
Security Solutions Group |
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MAJOR SHAREHOLDERS
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Names
of Shareholders |
No. of Shares |
Percentage of Holding |
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Promoters |
2408852 |
29.42 |
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Institutional Investors :- |
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Mutual Funds, UTI |
90409 |
1.10 |
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Banks, Financial Institutional and Insurance Companies |
NIL |
NIL |
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FIIs |
388643 |
4.75 |
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NRIs/OCBs |
267871 |
3.28 |
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Private Corporate Bodies |
1616365 |
19.74 |
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Indian Public |
3370174 |
41.16 |
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Any Other (Trust +
Clearing Member) |
44786 |
0.55 |
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Total |
8,187,100 |
100% |
BUSINESS DETAILS
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Line of Business : |
Manufacturing and Importing of Electronic Security related
Components including C. C. T. V., Fire Alarm, Intrusion Detection System,
Access Control, Control Panels, Switchers, Timers, Cables, etc. |
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Products : |
Its’ products range includes :- ·
C. C. T. V. ·
Fire Alarm ·
Intrusion Detection System ·
Access Control ·
Control Panels ·
Switchers ·
Timers and Cables |
PRODUCTION
STATUS
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Particulars |
Unit |
Licensed Capacity |
Installed Capacity |
Actual Production |
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Electronic Component |
Nos. |
Not Applicable |
12,000 |
699 |
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GENERAL INFORMATION
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Customers : |
Airlines British Airways Emirates Jet Airways Indian Banks IDBI HDFC Union Bank of India Foreign Banks ABN AMRO HSBC Standard Chartered Entertainment Sector Star TV Zee TV Set India(Sony) Multiplexes Fame Adlabs Fun Republic Imax Factories GE Power Controls Coca Cola Hindustan Times Finance Kotak Securities Pricewaterhouse Coopers Prudential ICICI Hospitals Holy Spirit Piramal Hospital MGM IT Sector Oracle Microsoft Phillips Software Jewellery Sector Shrenuj&Co ChintamaniJewellers Hindustan Platinum Shopping Malls Crossroads Shoppers' Stop Big Bazaar Government Sector RBI ONGC BARC Telecom Hutch Bharti Infotel BPL Mobile Others Reliance Energy Ranbaxy Novartis |
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No. of Employees : |
About 300 |
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Bankers : |
Union Bank of India |
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Facilities : |
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Banking Relations : |
Satisfactory |
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Auditors : |
P. Raj & Company Chartered Accountants |
CAPITAL STRUCTURE
Authorised
Capital :
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No.
of Shares |
Type |
Value |
Amount |
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15,000,000 |
Equity Shares |
Rs.10/- each |
Rs. 150.000 millions |
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Issued,
Subscribed & Paid-up Capital :
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No.
of Shares |
Type |
Value |
Amount |
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81,87,100 |
Equity Shares |
Rs.10/- each |
Rs. 81.871 millions |
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FINANCIAL DATA
[all figures are in Rupees
Millions]
ABRIDGED BALANCE SHEET
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SOURCES OF FUNDS |
31.03.2005 |
31.03.2004 |
31.03.2003 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
81.871 |
81.871 |
81.871 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
255.858 |
238.203 |
215.598 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
337.729 |
320.074 |
297.469 |
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LOAN FUNDS |
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1] Secured Loans |
100.354 |
45.525 |
30.884 |
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2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
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TOTAL BORROWING |
100.354 |
45.525 |
30.884 |
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DEFERRED TAX LIABILITIES |
23.525 |
27.661 |
25.828 |
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TOTAL |
461.608 |
393.260 |
354.181 |
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APPLICATION
OF FUNDS |
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FIXED
ASSETS [Net Block] |
128.603 |
128.859 |
116.861 |
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Capital
work-in-progress |
0.000 |
0.000 |
0.000 |
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INVESTMENT |
3.610 |
3.609 |
3.609 |
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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 |
99.890
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73.085 |
40.477 |
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Sundry
Debtors |
189.760
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139.499 |
87.501 |
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Cash
& Bank Balances |
44.805
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66.300 |
75.972 |
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Other
Current Assets |
0.000
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0.000 |
0.000 |
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Loans
& Advances |
66.976
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83.437 |
63.224 |
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Total Current
Assets |
401.431
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362.321 |
267.174 |
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Less : CURRENT LIABILITIES & PROVISIONS |
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Current
Liabilities |
62.701
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98.425 |
28.033 |
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Provisions |
9.335
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4.764 |
11.083 |
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Total Current
Liabilities |
72.036
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103.189 |
39.116 |
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Net Current Assets |
329.395
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259.132 |
228.058 |
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MISCELLANEOUS
EXPENSES |
0.000 |
1.660 |
5.653 |
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TOTAL |
461.608 |
393.260 |
354.181 |
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PROFIT & LOSS ACCOUNT
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PARTICULARS |
31.03.2005 |
31.03.2004 |
31.03.2003 |
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Sales Turnover [including other income] |
577.496 |
408.660 |
316.369 |
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Profit/(Loss) Before Tax |
73.606 |
44.039 |
41.205 |
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Provision for Taxation |
19.274 |
12.660 |
14.647 |
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Profit/(Loss) After Tax |
54.332 |
31.379 |
26.558 |
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Export Value |
1.275 |
3.113 |
0.133 |
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Import Value |
33.381 |
34.036 |
31.089 |
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Total Expenditure |
503.890 |
364.621 |
275.164 |
QUARTERLY RESULTS
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PARTICULARS |
30.06.2005 |
30.09.2005 |
31.12.2005 |
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Type |
1st
Qtr |
2nd
Qtr |
3rd
Qtr |
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Sales Turnover |
136.100 |
198.100 |
212.800 |
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Other Income |
00.000 |
01.300 |
00.000 |
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Total Income |
136.100 |
199.400 |
212.800 |
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Total Expenditure |
111.600 |
169.900 |
178.100 |
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Operating Profit |
24.500 |
29.500 |
34.700 |
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Interest |
03.100 |
04.200 |
04.600 |
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Gross Profit |
21.400 |
25.300 |
30.100 |
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Depreciation |
03.700 |
05.300 |
05.800 |
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Tax |
05.200 |
00.000 |
09.400 |
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Reported PAT |
11.700 |
13.300 |
16.900 |
200506 Quarter 1 –
Notes EPS is Basic & Diluted Status of Investors
Complaints for the quarter ended June 30, 2005 Complaints pending at the
beginning of the quarter NIL Complaints received during the quarter Nil
Complaints disposed off during the quarter Nil Complaints unresolved at the end
of the quarter NIL 1. The Company has only one segment, viz. Electronic
Security System. 2. The above results were reviewed by the Audit Committee and
then approved by the Board of Directors at its meeting held on July 29, 2005,
which are subject to Limited Review by the Statutory Auditors of the Company.
200509 Quarter 2 –
Expenditure Includes (Increase) / Decrease in Stock in Trade
Rs 0.425 million Consumption of Raw Materials Rs 138.128 million Staff Cost Rs
10.870 million Other Expenditure Rs 20.466 million Tax Includes Current Tax Rs
0.057 million Deferred Tax Rs 6.669 million EPS is Basic Status of Investor
Complaints for the quarter ended September 30, 2005 Complaints Pending at the
beginning of the quarter Nil Complaints Received during the quarter 05
Complaints disposed off during the quarter 05 Complaints unresolved at the end
of the quarter Nil 1. During the quarter under review, the Company has
successfully completed issue of Foreign Currency Convertible Bonds (FCCBs) of
US$11.00 million with tenure of three years. During the said quarter, the
Company has written off part of the FCCB expenses amounting to Rs 1.675
million. 2. The Company has launched new subscriber based security service
scheme called ''Z-Security'' and incurred Rs 7.714 million as apart of the
initial launch expenses. 3. During the quarter ended September 30, 2005, the
Company has allotted 4,00,000 warrants on Preferential basis to the Promoters
Group Companies entitling the holders thereof to subscribe in aggregate
8,00,000 Equity Shares. 4. The Company has only one segment, viz. ''Electronic
Security System'' pursuant to Accounting Standard - 17, issued by the Institute
of Chartered Accountants of India on segment reporting. 5. The above results
were reviewed by the Audit Committee and then approved by the Board of Directors
at its meeting held on October 28, 2005, which are subject to limited review by
the Statutory Auditors of the Company.
200512 Quarter 3 –
Notes: Expenditure Includes (Increase) / Decrease in Stock
in Trade Rs (1.828) million Consumption of Raw Materials Rs 147.768 million
Staff Cost Rs 13.583 million Other Expenditure Rs 17.126 million Loss on sale
of Fixed Asset Rs 1.443 million Tax Includes Current Tax Rs 9.354 million
Deferred Tax Rs (1.985) million EPS is Basic & Diluted Status of Investor Complaints
for the quarter ended December 31, 2005 Complaints Pending at the beginning of
the quarter Nil Complaints Received during the quarter 06 Complaints disposed
off during the quarter 06 Complaints unresolved at the end of the quarter Nil
1. The Company has only one segment, viz. Electronic Security System pursuant
to Accounting Standard - 17, issued by the Institute of Chartered Accountants
of India on segment reporting. 2. The above results were reviewed by the Audit
Committee and then approved by the Board of Directors at its meeting held on
January 24, 2006, which are subject to limited review by the Statutory Auditors
of the Company. 3. The increase in Staff Cost by 88% (over corresponding
quarter of previous year) is due to appointment of two CEOs and a new team for
the proposed retail scheme of the Company. Further, other expenses have been
higher on account of writing of Foreign Currency Convertible Bonds
(FCCB)Expenses amounting to Rs 1.675 million. 4. Registered office of the
Company has been shifted to Landmark, A-wing, 6th Floor, Andheri Kurla Road,
Andheri East, Mumbai 400 093 w.e.f. January 23, 2006. 5. The Company has
received an ISO 9001:2000 Certification from M/s. Moody International (I) Pvt.
Ltd.
KEY RATIOS
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PARTICULARS |
31.03.2005 |
31.03.2004 |
31.03.2003 |
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Debt-Equity Ratio |
0.22 |
0.12 |
0.05 |
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Long Term Debt-Equity Ratio |
0.15 |
0.00 |
0.00 |
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Current Ratio |
2.81 |
2.32 |
3.20 |
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TURNOVER RATIOS |
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|
2.22 |
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Fixed Assets |
3.21 |
2.53 |
2.34 |
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Inventory |
6.67 |
7.19 |
8.17 |
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Debtors |
3.51 |
3.60 |
4.35 |
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Interest Cover Ratio |
8.08 |
7.67 |
11.30 |
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Operating Profit Margin(%) |
16.72 |
16.14 |
18.25 |
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Profit Before Interest And Tax
Margin(%) |
14.55 |
12.39 |
14.32 |
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Cash Profit Margin(%) |
11.57 |
11.43 |
12.36 |
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Adjusted Net Profit Margin(%) |
9.41 |
7.69 |
8.43 |
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Return On Capital Employed(%) |
20.95 |
14.74 |
15.11 |
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Return On Net Worth(%) |
16.51 |
10.17 |
9.18 |
STOCK PRICES
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Face
Value |
Rs.10.00/- |
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High |
Rs.157.00/- |
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Low |
Rs.147.00/- |
LOCAL AGENCY FURTHER INFORMATION
Fixed
Assets
v Land-Freehold
v Buildings
v Plant & Machinery
v Office Equipments
v Vehicles
v Furniture and Fixtures
HISTORY
Zicom
Electronic Security Systems Ltd., as it's name says engaged in the business of
Electronic Security Systems and was incorporated in 1994. The company offers
customised solutions to meet security needs of the customers in the application
areas such as Instrusion & Burglar Alarm, Access Control, Fire Detection,
CCTV Surveillance, Electronic Article Surveillance, Remote Video Surveillance,
Integrated Building Management, Car Park Management and Smart Card Solutions.
The above systems are designed to meet the security needs of residential,
retail, commercial and industrial customers.
DIVIDEND:
Considering the need to deploy the resources of the Company for its
business growth, the Board has continued conservative approach in recommending
dividend and has proposed dividend @ 10%, i.e. Re. 1/- per share on 81,87,100
Equity Shares for the approval, as against @5%, i.e. Rs.0.50 per share paid in
the previous year. This will absorb total amount of Rs. 9.335 millions
(previous year Rs. 4.618 including Rs.1.148 millions (previous year Rs.0.524
millions) towards tax on dividend.
OPERATIONS:
The Directors are pleased to report that the year under review witnessed
increase in turnover by 41.34%, i.e. from Rs.408.428 millions in the previous
year to Rs.577.280 millions. The profit before tax at Rs.73.607 millions
compared to Rs.44.040 millions in the previous year shows a jump of 67.15% as
against increase of 6.88% in the previous year. After providing for current
year's taxation at Rs. 20.700 millions (Rs.10.700 millions in previous year)
and writing back of deferred tax amount of Rs.4.136 millions (previous year
provision Rs.1.833 millions) and taxation for earlier years Rs. 2.710 millions
(Rs.0.127 millions in the previous year); the net profit after tax comes to
Rs.54.332 millions as against Rs.31.380 millions in the previous year, which
indicates an increase of 73.14% compared to the previous years increase of
18.15%. This is a remarkable improvement in performance of the Company.
FINANCE:
During the year with the increase in turnover of the Company, the working
capital requirements have also gone up. The Company is judiciously using
various avenues to meet its working capital needs. In view of further business
of the Company on anvil, the fund requirements of the Company for the same is
proposed to be met through a mix of further issue of securities.
CORPORATE
GOVERNANCE AND AUDIT COMMITTEE:
A separate section on Corporate Governance Report and a Certificate from
the Company's Statutory Auditors confirming compliance of the conditions of
Corporate Governance by the Company as stipulated in Clause 49 of the Listing
Agreement are annexed to and forming part of this report.
Outlook:
The electronic security integration business is today one of the fastest
growing business. The demand over the next five years is expected to be driven
by:
* Continued demand from private sector
* Pick-up in demand from Government sector
* Opening of new market segments such as shopping malls, retail shops,
BPOs, call centers, hospitals, etc,
* Falling hardware prices and continued reduction in tariff.
* Emergence of premium apartments in residential segment.
As a result, the industry will witness increase in over all order size,
customers will demand end to end solutions and complete package on a service
basis.
In the past, Zicom has developed expertise in each of the vertical
segments, having customer base spread across Government and private sector.
With large demand emanating from both these sectors, and need to market and
deliver services in a customized manner, the Organisation has been restructured
in three key functional units, viz. Strategic Business Group, Corporate
Business Group and Z-Security Service Group. Also, Zicom is driving alliances
with strong International Companies to gain global business expertise. In this
direction, Zicom has formed a new Company in joint venture with Bin-jabr Group
of U.A.E., which will cater to Middle-East market.
With strong brand equity, nationwide marketing and servicing net work,
innovative software and product development capabilities, Zicom is sure to
remain leading market player in this high growth industry.
INFORMATION ON DIRECTORS
Mr. Manohar Bidaye
Mr. Manohar Bidaye is a Promoter and Chairman of
Zicom Electronic Security Systems Limited. At Zicom, he is involved in overall
Corporate Planning, Strategy Forming and Implementation, Financial Management,
Banking, Accounts, Taxation and Legal aspects. Mr. Manohar Bidaye is a
Master of Commerce (M. Com) from the University
of Bombay, has a General Degree in Law(LLB-Gen.)and is also a Senior Member of
The Institute of Company Secretaries of India.
Mr. PramodVRao
Mr. Pramod V Rao is a Promoter and Managing
Director of Zicom. He is a Science Graduate and has over 19 years of marketing
experience in various conceptual product categories. He looks after the
day-to-day affairs of the Company and is responsible for identifying strategic
international business partners, strategy planning, overall marketing and sales
functions.
Mr. Harish Nayak
Mr. Harish Nayak is a Director of Zicom since
inception. He has over 14 years of experience in the computing, communications
and networking industry based in USA. Mr. Harish Nayak has received his Masters
of Science in Electrical Engineering from Oregon State University, USA and
Bachelors of Engineering in Electronics and CommunicationsfromManipal Institute
of Technology, India.
Mr. Mukul Desai
Mr. Mukul Desai is a Director of Zicom since
1996 and is the Chairman of the Audit Committee. He has been practicing as a
Chartered Accountant since 1982 and has varied experience in the field of Audit
& Taxation. He has developed expertise in Corporate Law Matters, Direct and
Indirect Taxation Laws, Corporate Finance Structuring etc.
Mr. R. S. Hugar
Mr. R. S. Hugar, a postgraduate in Econometrics
from Pune University, brings with him vast experience of more than three and a
half decades in Banking and Finance. Mr. Hugar's illustrious career in Banking
started at Bank of Maharastra from January 1967, where he worked from 25 years
in various capacities. He retired as Chairman and Managing Director of
Corporation Bank. During his tenure he received various awards for his
contributions to the banking sector.
Mr. N. V Tapare (Alternate Director to Mr.
Harish Nayak)
Mr. N.V Tapare is a Bachelor of Science and
Bachelor of Law. He is practicing as an Advocate and Sales Tax Consultant,
after voluntary retirement as Deputy Commissioner of Sales Tax in 2001. At
present he is one of the leading Sales Tax Consultant in Mumbai.
Mr. Vijay Kalantri
Mr. Vijay Kalantri is G.C.D. and
Diploma Holder in Textile and Industrialist by profession. He has been actively
involved with various Industries and Government Bodies in different capacities
like President of All India Association of Industries, Indian Council of
Foreign Trade, Vice-President of MVIRDC World Trade
Centre, Standing Committee on Power, Managing Committee Member of FICCI,
Advisory Board Member of Primary Market of SEBI, etc. He has been honoured with
various prestigious awards by Institutions and Organizations representing
Industry, Government Bodies and Socio-Economic Institutions.
Dr. Atul Wad (Additional Director)
Dr. Atul Wad has a Ph D and M.S. From J. L.
Kellogg Graduate School of Management and is currently Advisor to the Ford
Center, Kellogg School of Management, spearheading a major collaboration
between the Indian Institute of Technology, Bombay and the Kellogg School of
Management focused on Corporate Engagement in sustainable development. Dr. Atul
Wad has over 25 years of experience in corporate strategy, sustainable business
development, technology and trade in emerging markets in Africa, Asia, Latin
America and the Caribbean as a consultant, entrepreneur and academic.
Subject offers customised
solutions to meet security needs of the customers in the application areas such
as intrusion and Burglar Alarm, Access Control, Fire Detection, CCTV
Surveillance, Electronic Article Surveillance, Remote Video Surveillance,
Integrated Building Management, Car Park Management and Smart Card Solutions.
The above systems are designed to meet the security needs of residential,
retail, commercial and industrial customers.
As per
website
Zicom has been a change-leader since
inception, creating a niche for itself and bringing to the market superior
products and services that best address security demands. Over the years, Zicom
has played an integral part to allay fears of lack of security by ushering in
state-of-the-art electronic surveillance systems for small, medium and large
establishments and government projects; and by offering impeccable service
regardless of the nature of the industry.
Zicom has been a change-leader since
inception, creating a niche for itself and bringing to the market superior
products and services that best address security demands. Over the years, Zicom
has played an integral part to allay fears of lack of security by ushering in
state-of-the-art electronic surveillance systems for small, medium and large
establishments and government projects; and by offering impeccable service
regardless of the nature of the industry.
Today, they are the largest electronic security systems provider in the
country, with offices in over 30 cities and towns, employing over 400 people.
Until the advent of Zicom, electronic security systems were seen as complicated
devices that cost the earth. Today, simple and easy-to-use systems that fit any
budget have proliferated the market place, owing to Zicom.
Their strategic tie-ups with global leaders ensure a steady stream of relevant
technology and know-how, to cater to any demanding situation that may face us.
Their continued commitment to excellence in their products is matched by their
resolve to create a world-class work force, with only the best of the industry
as their manpower. Scientific training and work environment at Zicom prove
conducive to better productivity and customer service.
Zicom is committed to provide safety to customer by continuously
developing and delivering / offering new technologies, innovative products,
solutions and delightful services, by abiding all its commitments to customers.
They will nurture their channel partners by providing profitable avenues of
growth and fulfill responsibilities towards shareholders by achieving
consistent growth In shareholder’s value and adhering to fair practices in all
its dealings will employees and business partners.
Core Values
Stay tuned to the Customer at all times
Keep raising the bar on Performance
Work with Transparency, Integrity and
Accountability
Date: 09-Jun-2006
Title
Anti-theft gadget Companies devise aggressive
sales strategy
Source
Economic Times
Details
HYDERABAD: It’s alarms for burglars as households get gadget-savvy and security
systems’ companies use aggressive sales strategies and bundled services to get
in homes. Devices like alarms, motion sensors and video surveillance are making
inroads as more and more households don’t want to take a chance.
Incidents like the 9/11 bombings and increased threat perceptions among
urban households are throwing open a vista of opportunities for electronic
security companies. “A few years ago, the market was growing at only 4% or so.
Now it is much faster. This surely means that people are becoming more aware
and want electronic security,” Zicom CEO Santonu Choudhury told ET.
Zicom has taken to the retail sales strategy to allow for walk-in
purchases and servicing. “Retailing makes absolute sense. They believe walk-in
will increase awareness and break the myth that electronic security is
expensive," he said. “They do this by providing basic security system
packages at a low price," he added.
"Bundling of security systems with greenfield infrastructure
projects is another way of selling security systems. They are already fitted
into tenements and the occupant doesn't have to plan or purchase his
security," says security expert Captain Raghuram.
"This is the best way to go forward in making people aware of the
need for security and obviate its use," says DATS India country head VV
Sriraman.
The market for consumer security systems is currently in the range of Rs
250 crore to Rs 300 crore and is expected to grow at over 30% a year. The
market is expected to touch Rs 700 crore in two to three years. According to
industry sources, there are over 50 million urban households, representing a
huge potential market.
"It may be too early to actually take up retail selling. The best
way to sell now is through bundling," says Mr Sriraman.
Zicom's Mr Choudhury, however, says, "Many people live in already
constructed homes. They need security as well." With basic security systems
like burglar alarms, video phones priced as low as Rs 6,500, affordability
would not be a major issue.
"The consumer segment they are talking about is still 'latent' and
will take a lot of effort to break into," says security expert Captain
Raghuram. "So far, only upper class households took to electronic
security. The market they are talking about is the average Indian household
that is not sensitised to need for such security," he adds. Also, the
average middle class household is burgled on an average only once in a
lifetime.
Date: 11-May-2005
Title
Zicom launches ZICOMhome and ZICOMbusiness
products
Source
Local
Details
Zicom Electronic Security Systems Ltd (BSE Code:
531404), the country’s pioneers in electronic security solutions provider, today
announced a nationwide foray into the consumer segment with the launch of
‘ZICOMhome’, the sophisticated security system for homes in India. Talking
about the latest venture, Mr. Santonu Choudhury, CEO, Consumer Service Group,
Zicom Electronic Security Systems Limited said, “ZICOMhome is their biggest
consumer launch yet and through this launch, they will offer to their customer,
electronic security that will provide protection, safety and freedom from fear
They want to touch all aspects of a consumer’s life to mitigate the fears of
insecurity as much as they can”.
Mr. Choudhury added, “They have launched ZICOMhome nationally and will
cover 24 cities in the first phase, and have plans to set up over 600 retail
outlets in the next three years. There will be special emphasis on the Western
Region with over 200 retail outlets planned in the states of Maharashtra,
Madhya Pradesh, Gujarat and Goa. Simultaneously they are also launching
ZicomBusiness which includes products such as TFT Monitor, Digital Video Recorder,
Colour Dome Camera and many more such products that is specially designed to
suit the security needs of shops and business establishments.”
ZICOMhome is an easy to operate electronic security system that can
secure a home at the press of a button. The critical elements of ZICOMhome are
the Main Panel, which is the brain of the system, the Central Monitoring
Station (CMS) and the Video Monitoring Station (VMS). Zicom’s CMS is an
innovation which has revolutionized the field of electronic security in India
today. The CMS networks with the home, every time the system is armed, thereby
enabling ZICOMhome response executives to monitor customer’s premises at all
times, thus providing protection 24x7, 365 days a year, regardless whether the
consumer is at home or away, awake or asleep. With the help of the VMS
facility, any act of intrusion can be viewed live or enable the consumer to see
the recorded images later
Another USP of ZICOMhome is that the security systems provide insurance
cover up to Rs. 3 lacs on burglary to consumers who have availed of the CMS
facility and the amount is variable depending on the product configuration. In
addition to these, there will be free replacement of ZICOMhome products within
the warranty period. The CMS charges vary from the range of Rs. 200/- to 300/-
while the VMS charges vary from Rs. 400/- to Rs. 500/- depending on the
location.
The other major components of ZICOMhome, which are as follows:
- Main Panel:
This 16 channel main panel is the brain of the system, connecting you to
the Central Monitoring Station and also to additional devices that can be
added in the future as per requirements
- Video Door
Phone (Indoor Unit) – Hands-free instrument for convenience, the Door
Phone enables the customer to see and talk to whoever rings the doorbell
without opening the door
- Video Door
Phone (Outdoor unit) – This unit has a doorbell and a camera that allows
one to view anything within a range of 25 feet outside the door. The unit
has a built-in light which offers clarity in darkness
- Gas Leak
Detector – Detects any gas leak inside the house
- Motion Detector
(PIR) – Senses unidentified movement inside the home
- Hooter – Acts
as a deterrent to whoever attempts to break in
- Remote key Fob
– Enables consumers to arm and disarm the system using the key fob with
remote switch control. A distress button also helps one to call for help
in case of emergency
- Magnetic
Contact – Enables locking of doors securely preventing unauthorized entry
The company has set up Central Monitoring Stations
in Mumbai with other cities being connected through a receiver.
Speaking at the launch, Mr. Pramod Rao – Managing Director, Zicom
Electronic Security Systems Limited said, “They understand the human want of
feeling safe at all times, at home or outside. They want to alleviate the
syndrome of security being made available only to the highs and dries of the
society. Over the years, they have strived to make the quality of human life
better by helping one feel safe and gain peace of mind’ and the objective of
this division is just that.”
ZICOMhome and ZICOMbusiness together be an ideal service for Homes and
Residential buildings and will also suit businesses like Hotels &
Restaurants, Hospitals, Health Clubs, Malls and Multiplexes, Banks & ATMs,
Educational and Religious Institutions, Small and Medium Establishments and
Retail & Jewellery shops
Speaking on the occasion, Mr. Manohar Bidaye, Chairman, Zicom Electronic
Security Solutions Limited said, “After a successful decade of providing
solutions to the corporate sector, they have found that the need for security
amongst the consumers has increased tremendously. Since then, they have been
constantly working, towards offering state-of-the-art yet affordable security
solutions to the retail consumers. Today, with the launch of this division,
they have been able to offer a bouquet of security solutions to the people of
the country.”
Date: 09-Jan-2006
Title
Zicom forays into home, retail security market
Source
DNA
Details
Zicom Electronic Security Systems Ltd., the Mumbai-based electronic
security solutions provider, has entered into the $14.5 billion home and retail
security market. The company has hired Santonu Choudhury of Reliance Infocomm,
the brain behind Reliance Infocomm's WebWorld Network, for its expansion plans.
Zicom offers
products like Access control systems using keypad, proximity cards and
biometrics and CCTV (Closed Circuit Television)surveillance.
Pramod Rao, Managing
Director, Zicom told DNA, "They will be investing Rs. 40 crore for upgradation,
new technology and software. They have also integrated all multiple security
applications into one co-ordinated hardware and software package."
Zicom services the
diverse and and demanding security needs of private and public sectors. Its
customers include companies such as BPO firm WNS, JP Morgan, HDFC, HSBC,
Standard Chartered, IDBI Bank, I-flex, Sonata Software, RBI and NTPC
Explaining the
security network, Rao said, "They provide security in four levels. The
level one monitors homes, shops, malls and hyper markets through CCTV and
computers. In level two, CCTV transmits signals and footage to their central
control room where their Engineers and experts monitor round the clock."
The four level
hi-tech security services come at Rs. 2495 per month
Date: 10-Jan-2006
Title
Business Standard writes about Home Security
Source
Business Standard
Details
The electronic home security market has become
an eye candy for companies such as Honeywell, Siemens, Bosch, Zicom and Eureka
Forbes. These Companies , which are already present in the electronic
government and corporate security , are expanding into the home security space.
As a result, the home security systems market, which is currently valued
at about Rs. 70 crores, will reach Rs. 400 crores in the next four years, said
industry officials. Solutions range from integrated home automation, to high
end stand alone systems such as Burglar Alarm phones, fire detectors, video
door phones, CCTV systems and anti -access and intrusion systems.
"Events like the September 11 attack, the attack on parliament and
the ongoing bomb blasts have resulted into an overall gorwth in the security
systems market. Besides, gorwing income, lower customs duty and availability of
cheaper electronic goods, have resulted into growth of home security
systems" said Mr. Pramod Rao, Managing Director of Zicom.
In the next 2-3 years, more than five lakh household will subscribe to
electronic security systems, he said.
Date: 10-May-2006
Zicom launches
ZICOMhome and ZICOMbusiness
Zicom Electronic Security Systems Ltd (BSE Code: 531404), the country’s
pioneers in electronic security solutions provider, today announced a
nationwide foray into the consumer segment with the launch of ‘ZICOMhome’, the
sophisticated security system for homes in India. Talking about the latest
venture, Mr. Santonu Choudhury, CEO, Consumer Service Group, Zicom Electronic
Security Systems Limited said, “ZICOMhome is their biggest consumer launch yet
and through this launch, they will offer to their customer, electronic security
that will provide protection, safety and freedom from fear They want to touch
all aspects of a consumer’s life to mitigate the fears of insecurity as much as
they can”.
Mr. Choudhury added,
“They have launched ZICOMhome nationally and will cover 24 cities in the first
phase, and have plans to set up over 600 retail outlets in the next three
years. There will be special emphasis on the Western Region with over 200
retail outlets planned in the states of Maharashtra, Madhya Pradesh, Gujarat
and Goa. Simultaneously they are also launching ZicomBusiness which includes
products such as TFT Monitor, Digital Video Recorder, Colour Dome Camera and
many more such products that is specially designed to suit the security needs
of shops and business establishments.”
ZICOMhome is an easy
to operate electronic security system that can secure a home at the press of a
button. The critical elements of ZICOMhome are the Main Panel, which is the
brain of the system, the Central Monitoring Station (CMS) and the Video
Monitoring Station (VMS). Zicom’s CMS is an innovation which has revolutionized
the field of electronic security in India today. The CMS networks with the
home, every time the system is armed, thereby enabling ZICOMhome response executives
to monitor customer’s premises at all times, thus providing protection 24x7,
365 days a year, regardless whether the consumer is at home or away, awake or
asleep. With the help of the VMS facility, any act of intrusion can be viewed
live or enable the consumer to see the recorded images later
Another USP of
ZICOMhome is that the security systems provide insurance cover up to Rs. 3 lacs
on burglary to consumers who have availed of the CMS facility and the amount is
variable depending on the product configuration. In addition to these, there
will be free replacement of ZICOMhome products within the warranty period. The
CMS charges vary from the range of Rs. 200/- to 300/- while the VMS charges
vary from Rs. 400/- to Rs. 500/- depending on the location.
The other major
components of ZICOMhome, which are as follows:
- Main Panel: This 16 channel main panel is
the brain of the system, connecting you to the Central Monitoring Station
and also to additional devices that can be added in the future as per requirements
- Video Door Phone (Indoor Unit) – Hands-free
instrument for convenience, the Door Phone enables the customer to see and
talk to whoever rings the doorbell without opening the door
- Video Door Phone (Outdoor unit) – This unit
has a doorbell and a camera that allows one to view anything within a
range of 25 feet outside the door. The unit has a built-in light which
offers clarity in darkness
- Gas Leak Detector – Detects any gas leak
inside the house
- Motion Detector (PIR) – Senses unidentified
movement inside the home
- Hooter – Acts as a deterrent to whoever
attempts to break in
- Remote key Fob – Enables consumers to arm
and disarm the system using the key fob with remote switch control. A
distress button also helps one to call for help in case of emergency
- Magnetic Contact – Enables locking of doors
securely preventing unauthorized entry
The company has set up Central Monitoring Stations in Mumbai with other
cities being connected through a receiver.
Speaking at the
launch, Mr. Pramod Rao – Managing Director, Zicom Electronic Security Systems
Limited said, “They understand the human want of feeling safe at all times, at
home or outside. They want to alleviate the syndrome of security being made
available only to the highs and dries of the society. Over the years, they have
strived to make the quality of human life better by helping one feel safe and
gain peace of mind’ and the objective of this division is just that.”
ZICOMhome and
ZICOMbusiness together be an ideal service for Homes and Residential buildings
and will also suit businesses like Hotels & Restaurants, Hospitals, Health
Clubs, Malls and Multiplexes, Banks & ATMs, Educational and Religious
Institutions, Small and Medium Establishments and Retail & Jewellery shops
Speaking on the
occasion, Mr. Manohar Bidaye, Chairman, Zicom Electronic Security Solutions
Limited said, “After a successful decade of providing solutions to the
corporate sector, they have found that the need for security amongst the
consumers has increased tremendously. Since then, they have been constantly
working, towards offering state-of-the-art yet affordable security solutions to
the retail consumers. Today, with the launch of this division, they have been
able to offer a bouquet of security solutions to the people of the country.”
There are three basic variants available in ZICOMhome:
- Basic Pack
which consists of
o 1 Main panel
o 1 Motion detector
o 1 Magnetic contact
o 1 Gas leak Detector
o 1 Hooter
o 2 remote Key fobs
This pack is priced at an MRP of Rs.6, 495/- - Silver Pack
which consists of
o 1 Main Panel
o 1 Motion Detector
o 1 Magnetic Contact
o 1 Gas Leak Detector
o 1 Hooter
o 2 Remote Key Fobs
o 1 B&W Hands Free
Video Door Phone
This pack is priced at an MRP of Rs. 12, 995/- - Gold Pack which
consists of
o 1 Main Panel
o 1 Motion Detector
o 1 Magnetic Contact
o 1 Gas Leak Detector
o 1 Hooter
o 2 Remote Key Fobs
o 1 Colour Hands Free Video Door Phone
Zicom Electronic Security Systems is the leading
Electronic Security Solutions provider in India. The company offers a wide
range of products including access control systems, CCTV surveillance, fire
alarm systems, smart cards, biometrics, remote video surveillance, perimeter
protection system, law enforcement products, etc. The company has also
integrated all this multiple security applications into one coordinated
hardware and software package. The company has got strong software capabilities
relating to the security business.
Since its inception in 1995, Zicom has always driven the market with
innovations. Zicom pioneered the concept of Central Monitoring Station in
India. The company was the first to introduce wireless security systems.
Zicom services the diverse and demanding security needs of private and
public sectors. Its customers include several large Indian and multinational
companies in the field of infotech, telecom, media, banking, finance,
industrial, etc. as well as various public sector units.
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- This Quality
Policy underlines the commitment of the Management and Employees towards
achieving Quality in all areas, resulting in total and consistent Customer
Satisfaction and that in Products and Services of Zicom.
- Employees at
all levels in the Organization will be made aware of the company’s quality
policy through continuous training, education and motivation.
- All products,
services and internal process shall be customer focused and performance
driven.
- The company is
committed to augment innovative technology in all aspects of its business.
- Every action of
the employee shall reflect his / her commitment to achieve excellence in
performance and customer delight
It seems you have a query or you would like
to email someone at Zicom Electronic Security Systems Ltd. If you think any of
us at Zicom can be of any assistance, please feel free to get in touch with us.
Well they hope the list down here will help you in reaching the right person at
the right time.
For Business Meeting, Partnerships and
Alliances
For details on Human Resources
For investment and stock related-queries
Technical support
Sales support on large private and public
sector projects for SSG
Sales support for retail and residential
segment
Marketing & Advertising
Media and public relations
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.46.40 |
|
UK
Pound |
1 |
Rs.84.50 |
|
Euro |
1 |
Rs.58.32 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
YES |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
44 |
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 |