MIRA INFORM REPORT
|
Report Date : |
5th May 2006 |
IDENTIFICATION DETAILS
|
Name : |
BRIGHTSTAR
TELECOM INDIA PRIVATE LIMITED |
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Registered Office : |
603
Building No 3C Mhada Complex, A S Marg, Powai, Mumbai - 400076 |
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Country : |
India
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Date of Incorporation : |
10-02-2005 |
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CIN No.: |
U64200MH2005PTC151207 |
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Com. Reg. No.: |
11-151207 |
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TAN No.: (Tax Deduction &
Collection Account No.) |
MUMB14943F |
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Legal Form : |
Private
Limited Liability company |
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Line of Business : |
To
undertake business related to manufacture, export import trade, details of
dealer, logistics, services, supports in Tele phones, wireless devices,
infrastructure and accessories in telecom and communication industry. To
undertake and provide internet related services, systems technology information
and software development services and products including hardware’s to any
person through agents franchise by way available means in India of abroad
including value added services such as interactive, Television, Internet,
e-mail, V-Sat Telephony, Video Shopping Entertainment, Infotainment,
Teleshopping, E-Commerce, Games Data Transmission, Computer networking Video
Conferencing and to establish links via. Satellite uplink and downlink
through available reception systems. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca |
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 : |
New Company |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject
is a new company. It has no track of performance. No
payment records are available. The
company can be considered for any business dealings on safe and secured trade
term and conditions. |
LOCATIONS
|
Registered Office : |
603
Building No 3C Mhada Complex, A S Marg, Powai, Mumbai - 400076 |
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Email .: |
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Website : |
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Corporate Office : |
206-207 ‘A’ Wing, Saga Tech
Plaza, Andheri Kurla Rd, Saki Naka Junction Andheri (E), Mumbai – 400 072,
India |
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Tel. No.: |
91-22-28593307 |
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Email: |
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Branches : |
Address: Brightstar
de Argentina, S.A. Brightstar
Colombia Ltda. Brightstar
de Venezuela, C.A. Brightstar
El Salvador S.A. de C.V. Brightstar
Logistics PTY, Ltd. Brightstar
US, Inc. Brightstar
Proveedor de Soluciones Tecnológicas S.A. Soluciones
Tecnológicas Inteligentes Para Mercado Móvil, Cia. Ltda. Brightstar
Fueguina, S.A. Brightstar
Guatemala S.A. Brightstar
de México S.A. de C.V. Solucoes
Inteligentes Para Mercado Movel do Brasil Ltda. Brightstar
Paraguay S.R.L. Brightstar
Uruguay S.A. Brightstar
Dominicana, S.A. Av.
Presidente Juárez No. 8 Bis # 4 Brightstar
Corp. Chile Ltda. Brightstar
Peru S.R.L. Brightstar
Sales Office Brightstar
Puerto Rico, Inc. |
DIRECTORS
|
Name : |
Mr.
Raul Marcel Claure |
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Designation : |
Director
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Name : |
Mr.
Oscar Juan Fumagali |
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Designation : |
Director |
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BUSINESS DETAILS
|
Line of Business : |
To
undertake business related to manufacture, export import trade, details of
dealer, logistics, services, supports in Tele phones, wireless devices,
infrastructure and accessories in telecom and communication industry. To
undertake and provide internet related services, systems technology
information and software development services and products including
hardware’s to any person through agents franchise by way available means in
India of abroad including value added services such as interactive,
Television, Internet, e-mail, V-Sat Telephony, Video Shopping Entertainment,
Infotainment, Teleshopping, E-Commerce, Games Data Transmission, Computer
networking Video Conferencing and to establish links via. Satellite uplink
and downlink through available reception systems. |
GENERAL INFORMATION
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Bankers : |
Not
Divulged |
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Banking Relations : |
Unknown
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CAPITAL STRUCTURE
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
5000 |
Equity
Shares |
Rs. 100 each |
Rs. 0.500 million |
Issued, Subscribed
& Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1000 |
Equity
Shares |
Rs. 100 each |
Rs. 0.100 million |
FINANCIAL
DATA
[all figures are in Rupees Millions]
As
the subject is a new company, no financials are available.
LOCAL AGENCY FURTHER INFORMATION
AS PER WEBSITE
About Brightstar
Founded in 1997, Brightstar Corporation
is the wireless industry's foremost provider of value-added distribution
services in the Americas. We provide our partners with product, inventory
management, logistics services and custom-tailored solutions found nowhere else
in wireless. Our customer-centric approach does more than separate us from our
competitors - it has allowed our business to exceed $1.7 billion USD in
revenues in 2004, with 24 facilities in 18 countries around the world.
- Founded in
1997
- Largest
wireless value-added services provider in the Americas
- Worldwide
Headquarters - Miami, Florida
- Total of 24
facilities in 18 countries
- Exceeded $1.7
billion USD in revenues in 2004
Brightstar Enters Indian
Market
EFY News Network
(Friday, December 30,
2005 10:15:38 AM)
Brightstar
Corporation expands global reach with its operations in India.
Friday, December
30, 2005: Brightstar Corp., a value-added supply chain management and
mobile solutions company for the wireless industry, has launched its operations
in India. Brightstar Telecom India Pvt. Ltd., a 100 per cent subsidiary of
Brightstar Corporation, is headquartered in Mumbai with a branch office in
Delhi. The company is also planning to open new branch offices across the
country in the near future.
According to Arun
Batra, country head of Brightstar Telecom India, wireless service in India is
expected to grow exponentially in the near future. But, even with a population
of over a billion people, it is still a highly under-penetrated market in terms
of both wireline and wireless communications, when compared to countries like
Korea, Malaysia and China.
He further added that Brightstar's presence will provide increased availability
of products and value-added services to wireless network operators, agents,
dealers and retailers who serve the wireless telephony market in India.
Headquartered in Miami, Brightstar has worldwide operations and serves over 160
network operators and 15,000 resellers, retailers and agents around the world.
NEWS
April 18, 2006 - AIRPRINT NETWORKS
SELECTS BRIGHTSTAR AS GLOBAL PARTNER TO SUPPORT AND SELL INNOVATIVE TECHNOLOGY
Company Taps Brightstar's Unmatched Global
Distribution Access to Bring Print Capabilities to Consumer's Wireless Handsets
Framingham, Mass. - April 18, 2006 –- Airprint Networks announced today
they have selected Brightstar Corp., the leading wireless distribution and
supply chain management company, as their exclusive distribution partner to
support and sell their technology and products designed to easily print
information while mobile from a wireless phone or device.
Airprint Networks is a developer of technology for retrieving and printing
airline and event tickets, store coupons, mobile maps, entertainment content,
and other documents via a mobile device.
According to Airprint CEO Mark Thirman, Airprint's services will allow
consumers to access digital documents and print them from a printer that
connects to their wireless phone via BluetoothTM technology. The companies
debuted the technology and printer at CTIA's Wireless 2006 event in Las Vegas.
The benefit for mobile operators/wireless carriers is increased ARPU and a new
source of premium subscriber traffic. Operators and their top tier content
providers can work with Airprint to "print-enable" content allowing a
subscriber to permanently capture a coupon, movie ticket, real-time baseball
card, restaurant review and menu, or other business and infotainment items
using a simple interface. Operators in Latin America and other markets can use
this technology for the wireless delivery of "scratch cards" or
prepaid monthly wireless cards in addition to other local content. "We
provide a capability that works today without requiring retailers to
expensively retrofit their POS or IT systems to document mobile marketing
offers."
Under the terms of the agreement, Brightstar will sell, market, and support
Airprint's patent-pending technology to its network operator customers
throughout its global distribution footprint which includes North America,
Latin America, Australia, and countries in Asia & Africa.
According to Javier Villamizar, president of High Growth markets for
Brightstar, "Airprint Networks' technology solves the ever-growing need
for consumers to be able to access and print data directly from their wireless
phone to support our mobile economy. We believe that this solution will provide
consumers with greater access to real-time offers while giving marketers and
operators further applicability to their advanced data services."
The companies plan to launch products commercially in the third quarter 2006.
#
About Airprint Networks
AirPrint Networks Inc. provides
print-on-demand capabilities for mobile phones via a content delivery platform
(software as service) and a small portable mobile printer for ordering,
retrieving, and printing transactional content. AirPrint Networks is working to
solve the key problem of documenting m-Commerce transactions. This fulfills the
need with an accepted method of acknowledging payments: paper. The Company's
mission is to deliver a transactional content creation, management, and
distribution platform for leading wireless companies, content providers, and
handset/printer OEMs. The founding team includes key executives who have
delivered hundreds of products that have delighted millions of customers
earning billions in revenues over several decades. This privately held company
has investors including Alps Electric (Japan). For more information, please
visit www.airprintnetworks.com.
About Brightstar
Brightstar Corp. is the leading
wireless distributor and supply chain solutions provider for the global
wireless telecom industry. Headquartered in Miami, FL, Brightstar has
operations in Argentina, Australia, Barbados, Bolivia, Brazil, Chile, Colombia,
Costa Rica, the Dominican Republic, Ecuador, El Salvador, Guatemala, Hong Kong,
India, Jamaica, Mexico, Paraguay, Peru, Puerto Rico, Trinidad & Tobago,
U.A.E., Uruguay, the U.S. and Venezuela. The company serves over 220 network
operators and 25,000 MVNOs, resellers, retailers and agents around the world
and also represents many of the world's leading wireless manufacturers. The
company exceeded $2.25 billion in revenue in 2005. For more information, visit www.brightstarcorp.com.
April 10, 2006 - BRIGHTSTAR ADDS
PARROT’S BLUETOOTH® CAR KITS
#1
global distributor recognizes Bluetooth® innovations
LAS VEGAS, NEVADA -April 5, 2006 – Brightstar, the worldwide leading wireless
distribution and supply chain solutions company, has added Parrot's Bluetooth®
car kits to its line of innovative technology products. The agreement was
announced on the eve of CTIA 2006.
Brightstar will display Parrot's new line of Bluetooth hands-free car kits at
the Brightstar booth (#5243) at CTIA April 5-7.
Brightstar is known worldwide for their value-added distribution services and
their broad portfolio of leading wireless products. Our joint customer-centric
approach sets the stage for Parrot to accelerate our growth in 2006 and beyond
while meeting the goliath needs of the wireless consumer market," said
Edward Valdez, president and chief operating officer of Parrot, Inc.
"Bluetooth technology is in strong demand and Parrot is rapidly becoming a
widely recognized global leader in Bluetooth solutions. We believe Parrot will
be a successful addition to the Brightstar product portfolio," said Denise
Gibson, president of Brightstar US and COO, Brightstar Corp.
Parrot's unique line of professionally installed mobile electronics products
include the new Parrot DRIVER HEADSET (that stays charged in a vehicle's
accessory plug), PARROT 3400 LS-GPS (with GPS antenna and color LCD for Photo
Caller ID), PARROT 3200 LS-COLOR (with color LCD for Photo Caller ID), RHYTHM
N' BLUE (AM/FM/CD/MP3 auto stereo receiver with integrated Bluetooth phone
function) EASY-DRIVE (Plug & Play), CK3000 EVOLUTION (with trimline
keypad), CK3100 (with LCD), CK3300 GPS (with GPS antenna).
About Parrot
A member of Bluetooth SIG since June 2000, Parrot (www.parrot.biz) is a leader
in Bluetooth mobile phone accessories with over 1.5 million products sold. The
company has developed extensive expertise in voice recognition and digital
signal processing both in hardware and software. Parrot's focus is to provide
the natural extension of mobile phones in three key areas: hands-free
communication, audio streaming, and digital photos. Founded in 1994 by Henri
Seydoux, Parrot is a global company headquartered in Paris with offices in
Germany, Italy, Spain, UK, US and Hong Kong/China. U.S. offices are in New
York, Detroit and Austin, Texas. Parrot products are sold online and through
retail stores in more than 40 countries. Parrot and the Parrot logo are
trademarks of SA. The "Bluetooth" word mark and logos are owned by
the Bluetooth SIG, Inc. and any use of such marks by Parrot is under license.
Other trademarks and trade names are those of their respective owners.
About Brightstar
Brightstar Corp. is the leading wireless distributor and supply chain solutions
provider for the global wireless telecom industry. Headquartered in Miami,
Florida, Brightstar has sales and distribution
operations in North America, Latin America, Asia, Australia and Middle/East
Africa and manufacturing facilities in Argentina and Mexico. The company serves
over 220 network operators and 25,000 resellers, retailers and agents around
the world and also represents many of the world's leading wireless
manufacturers. The company exceeded $2.25 billion in revenue in 2005. For more
information, visit www.brightstarcorp.com.
December 28,
2005 - Brightstar Corp. Expands Global Reach, Begins Operations
For Wireless Products In India
Brightstar Telecom India Pvt. Ltd., a 100% subsidiary to Offer
Expertise in Value Added Services to India's Wireless Industry
Mumbai - December 28, 2005 -- Brightstar Corp., a world leader in
value-added supply chain management and mobile solutions for the wireless
industry, has launched its operations in India - one of the most promising markets
for wireless telephony. Brightstar Telecom India Pvt. Ltd., a 100% subsidiary
of Brightstar Corporation is headquartered in Mumbai with a branch office in
Delhi & plans to open new branch offices across the country in the near
future.
Brightstar Telecom aims to provide global expertise, domestic reach and economy
of scale, while adding value to India's wireless industry. Brightstar Telecom
aspires to support the Indian telephony industry with faster access to newer
technologies by providing fixed and wireless products along with supply chain
management, inventory control and integrated services to Network Operators,
Distributors and Retailers.
According to Mr. Arun Batra, Country Head of Brightstar Telecom India
"Wireless service in India is expected to grow exponentially in the near
future. But even with a population of over a billion people, it is still a
highly under-penetrated market in terms of both wireline and wireless
communications when compared to countries like Korea, Malaysia and China."
Batra continued, "Brightstar's presence will provide increased
availability of products and value added services to wireless network
operators, agents, dealers and retailers who serve the wireless telephony
market in India."
About Brightstar
Brightstar Corp. is a leading
distributor and provider of value added supply chain services to the wireless
telecom industry, and also designs and manufacturers products under licensing
agreements with leading manufacturers. Headquartered in Miami, FL, Brightstar has
operations in Argentina, Australia, Barbados, Bolivia, Brazil, Chile, Colombia,
Costa Rica, the Dominican Republic, Ecuador, El Salvador, Guatemala, Jamaica,
Mexico, Paraguay, Peru, Puerto Rico, Trinidad & Tobago, Uruguay, the U.S.
and Venezuela. The company serves over 160 network operators and 15,000
resellers, retailers and agents around the world and also represents many of
the world's leading wireless manufacturers. During the year ending 2004,
Brightstar's revenues exceeded $1.7 billion. For more information, visit www.brightstarcorp.com.
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.44.88 |
|
UK
Pound |
1 |
Rs.83.07 |
|
Euro |
1 |
Rs.56.94 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
-- |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
-- |
|
--PROFITABILIRY |
1~10 |
-- |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
-- |
|
--RESERVES |
1~10 |
-- |
|
--CREDIT LINES |
1~10 |
4 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
14 |
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
|
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 |