MIRA INFORM REPORT
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Report Date : |
6th May, 2006. |
IDENTIFICATION DETAILS
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Name : |
INGRAM
MICRO INDIA PRIVATE LIMITED |
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Registered Office : |
No.
40, Ulsoor Road, Bangalore – 560 042, Karnataka, INDIA |
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Country : |
India |
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Financials (as on) : |
31.03.2000 |
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Date of Incorporation : |
16th
April, 1992 |
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Com. Reg. No.: |
08-13061 |
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CIN No.: |
U30008KA1992PTC013061 |
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TAN No.: (Tax Deduction &
Collection Account No.) |
BLRI00984E |
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Legal Form : |
Private Limited Liability
Company |
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Line of Business : |
Manufacturers,
Importers and Exporters Of Electronic / Microwave Components, Computers,
Peripherals, Software Solutions and Engineering Services, etc. |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
RATING
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STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is
considered normal. Capable to meet normal commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 250000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
In absence of latest
financials from any sources. It would be difficult to assess company's
performance and financials status. Subject is a
well-established company having satisfactory track. Directors are reported as
experienced, respectable and resourceful businessmen. Their trade relations
are reported as fair. Payments are usually correct and as per commitments. The company can be considered
normal for business dealings at usual trade terms and conditions. |
LOCATIONS
|
Registered Office : |
No.
40, Ulsoor Road, Bangalore – 560 042, Karnataka, INDIA |
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Tel. No.: |
91-80-2558 8323 / 3977 /
555 0605/0599/25583253/3977/4707 |
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Fax No.: |
91-80-2558 6872 |
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E-Mail : |
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Website : |
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Area : |
9000
sq.fts. (Rented) |
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Branches : |
Located
at: Ahmedabad,
Chennai, Indore, Pune, Coimbatore, Kochi, Pondicherry, Bhubaneshwar, Delhi,
Lucknow, Vasai, Calcutta, Hyderabad, Mumbai and Singapore (Operates
out of 30+ Locations in India) |
DIRECTORS
|
Name : |
Mr.
Lawrence Richard O’Laughlin |
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Designation : |
Director |
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Name : |
Mr.
Alain Monie |
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Designation : |
Director |
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Name : |
Mr.
S. P. Rajguru |
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Designation : |
Director |
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Name : |
Mr.
Henri Theodorous Koppen |
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Designation : |
Director |
MAJOR SHAREHOLDERS
|
Name of Shareholders |
No. of Shares |
|
Electronic Resources
Limited |
102,000 |
|
Mr. S M Prasad, NRI |
50,000 |
|
Ingram Micro Asia Limited,
Singapore |
271,271 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturers,
Importers and Exporters Of Electronic / Microwave Components, Computers,
Peripherals, Software Solutions and Engineering Services, etc. |
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Exports to : |
Malaysia,
Singapore, Far East |
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Imports from : |
USA/
Singapore/ Japan/ Taiwan/ UK/ Australia |
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Terms : |
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Selling : |
L/C
at sight |
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Purchasing : |
L/C
(45 days), Credit (30-45 days) |
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
1000 |
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Bankers : |
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Facilities : |
-- |
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Banking Relations : |
Satisfactory |
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Auditors : |
Price
Waterhouse Chartered
Accountants |
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Address: |
Bangalore
- 560001 |
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Associates/Subsidiaries
: |
˜
Spectra Innovations
Inc., Sanjose, USA Tel.
No. 408-9548474 Fax
No. 408-9548399 ˜
Amspec (S) Pte
Limited, Singapore Tel.
No. 65-2710016 Fax
No. 65-2714112 |
CAPITAL STRUCTURE
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
500,000 |
Equity
Shares |
Rs. 100/- each |
Rs. 50.000 millions |
Issued, Subscribed
& Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
309,661 |
Equity
Shares |
Rs. 100/-
each |
Rs. 30.966 millions |
FINANCIAL
DATA
[all figures are in Rupees Millions]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2003 |
31.12.2002 |
31.12.2001 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
30.966 |
30.966 |
30.970 |
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2] Share Application Money |
0.021 |
0.021 |
0.000 |
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3] Reserves & Surplus |
32.929 |
45.410 |
44.800 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH
|
63.916 |
76.397 |
75.770 |
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LOAN FUNDS |
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1] Secured Loans |
32.594 |
0.488 |
36.800 |
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2] Unsecured Loans |
785.411 |
639.551 |
680.000 |
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TOTAL
BORROWING
|
818.005 |
640.039 |
716.800 |
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DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
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TOTAL
|
881.921 |
716.436 |
792.570 |
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APPLICATION OF FUNDS
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FIXED ASSETS [Net Block]
|
43.894 |
43.799 |
51.070 |
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Capital work-in-progress
|
0.198 |
0.000 |
0.000 |
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INVESTMENT
|
0.005 |
0.005 |
0.000 |
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DEFERREX TAX ASSETS
|
1.919 |
0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES
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Inventories
|
915.316
|
724.394 |
660.400 |
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Sundry Debtors
|
1805.814
|
926.221 |
911.500 |
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Cash & Bank Balances
|
133.061
|
130.454 |
83.600 |
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Other Current Assets
|
13.034
|
11.897 |
24.000 |
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Loans & Advances
|
232.052
|
201.974 |
220.900 |
Total Current Assets
|
3099.277
|
1994.940 |
1900.400 |
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Less : CURRENT LIABILITIES & PROVISIONS
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Current Liabilities & Provisions
|
2263.372
|
1322.308 |
1158.900 |
Total Current Liabilities
|
2263.372
|
1322.308 |
1158.900 |
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Net Current
Assets
|
835.905
|
672.632 |
741.500 |
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MISCELLANEOUS EXPENSES
|
0.000 |
0.000 |
0.000 |
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TOTAL
|
881.921 |
716.436 |
792.570 |
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PROFIT & LOSS ACCOUNT
|
PARTICULARS |
|
31.03.2003 |
31.12.2002 |
Sales Turnover [including other income]
|
|
12527.733 |
11454.102 |
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Profit/(Loss) Before Tax
|
|
22.675 |
6.336 |
Provision for Taxation
|
|
10.967 |
5.728 |
Profit/(Loss) After Tax
|
|
11.708 |
0.608 |
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Export Value
|
|
958.235 |
NA |
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Import Value
|
|
NA |
4157.899 |
KEY RATIOS
|
PARTICULARS |
|
|
31.03.2003 |
31.12.2002 |
PAT / Total Income
|
(%)
|
|
0.09 |
0.01 |
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Net Profit Margin
(PBT/Sales) |
(%) |
|
0.18 |
0.05 |
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Return on Total Assets
(PBT/Total Assets} |
(%) |
|
0.72 |
0.31 |
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Return on Investment (ROI)
(PBT/Networth) |
|
|
0.35 |
0.08 |
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Debt Equity Ratio
(Total Liability/Networth) |
|
|
48.21 |
25.69 |
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Current Ratio
(Current Asset/Current
Liability) |
|
|
1.37 |
1.51 |
LOCAL AGENCY FURTHER INFORMATION
HISTORY
The company was incorporated
on 16th April, 1992 under the name and style of “Spectra
Technologies Private Limited” at Bangalore in Karnataka. The name was changed as “Spectra Innovations
India Private Limited”, with effect from 24th January, 1995.
Subsequently, it was
converted into a deemed public limited company under section 43A(1), with
effect from 16th March, 1998.
The company’s name was changed
as “Electronics Resources India Limited” and again the company's name was
changed to “Ingram Micro India Limited”
with effect from 29th September, 1999.
Subject was reconverted to
Private Limited Liability Company during April 2002.
As a subsidiary of Ingram
Micro Inc., the largest global wholesale provider of technology products and
supply chain management services, subject brings to India the best of business
practices and state-of-the-art information systems in worldwide distribution.
With extensive market expertise in providing comprehensive product lines from a
single source, it is a leading wholesale provider of computer components, systems,
printers, peripherals, networking solutions, supplies and accessories,
application software, enterprise storage solutions and support services.
During September/October 2004, Ingram Micro Asia, acquired Tech Pacific, Sydney, Australia.
Subject
is a subsidiary of Ingram Micro Asia Limited, Singapore, which holds 271271
shares.
Group: Tech – Pacific,
India
Subject’s manufacturing
facility at Pondicherry is certified ISO 9001:2000.
The company's fixed assets of
important value include leasehold land,
plant & machinery, computers, office equipment, furniture &
fixtures, etc.
Distributors:
Trend Micro Distributors
606-608. 6th
Floor, Balarama Building, Bandra Kurla Complex, Bandra (East), Mumbai – 400
051, Maharashtra
Telephone Number – 91-22-26590060
Fax Number – 91-22-26954682
Contact To Mr. Sunil Pillai
E-Mail – sunil.pp@ingrammicro.co.in
Website details Attached:
Corporate Profile:
Ingram Micro Inc. is the largest global wholesale
provider of technology products and supply chain management services. Ranked as
No.76 in the FORTUNE 500 2004 listing, the company operates in 37 countries
with approximately 13,600 associates and sales exceeding $25 billion for fiscal
year 2004. Ingram Micro’s global regions provide the distribution of technology
products and services, market development services and supply chain management
services to nearly 170,000 technology solution providers and 1,700
manufacturers. Ingram Micro is focused on maximizing shareowner value and
achieving customer satisfaction through innovation in the information
technology (IT) supply chain.
Leading the Transformation of IT Distribution
With the dramatic changes driven by
technology, companies located throughout the IT supply chain are required to
reevaluate their business models to deliver maximum value to businesses and
consumers. Distributors, technology solution providers, retailers and IT
manufacturers have changed their business models to add value with innovative
services and offerings that drive costs out. Distributors that remain
successful in this industry have large scale and volume, global coverage,
unparalleled standards and accuracy for logistics services, as well as
financial strength to support growth and remain competitive. Ingram Micro is
committed to transforming the value proposition for technology distribution and
is the leading company in this industry. Innovation is the key differentiator
between Ingram Micro and other IT distribution companies. The company’s
management team is focused on leading the industry through change and has a
clear understanding of customer expectations. Ingram Micro leads the industry
in creating new market opportunities with new and emerging technologies and
value-added services. These new opportunities have changed the way that
solution providers offer value to their end-user customers, making them more
competitive in the marketplace. Ingram Micro continues to demonstrate that it
is the most effective partner to
reach the global technology market.
Building Long-term Value for Customers
Ingram Micro offers more than 280,000
products (as measured by distinct part numbers assigned by manufacturers and
other suppliers) with inventory from 1,700 technology manufacturers and leading
PC suppliers to its 170,000 technology solution provider customers. Ingram
Micro is also a service powerhouse delivering logistics and supply chain
management services to increase value and drive efficiency for companies at all
levels of the IT supply chain. For technology solution providers, Ingram
Micro’s specialized divisions offer customers technical expertise and a
well-informed sales support staff trained to handle the needs of market
categories such as enterprise computing, converging technologies,
small-to-mid-size businesses (SMB), and the government and education sectors.
The company has developed services and solutions designed to address the needs
of each technology category and market segment, with expert services to support
customers serving vertical and specialty markets.
About IM-Logistics
Established in June 2000 as a division of Ingram Micro U.S., IM-Logistics provides end-to-end order fulfillment, logistics and supply chain solutions to manufacturers, retailers and e-tailers of technology and consumer electronics products. IM-Logistics leverages Ingram Micro's 20-year track record in order management and fulfillment to drive efficiency in the supply chain and ensure companies can meet customer demand effectively. As the logistics engine behind Ingram Micro, the division achieves a better than 99 percent accuracy for order deliveries. IM-Logistics U.S. also leverages Ingram Micro’s warehouse space in the United States for its industry-leading distribution and reverse logistics network, which offers one- or two-day ground coverage to 99 percent of the United States. Finally, a key offering increasing long-term value for customers at all levels is Ingram Micro’s e-commerce initiatives, which are enabling the IT supply chain to conduct business more efficiently. The company has developed e-commerce tools, such as real-time, online order management and tracking, and community-based Web sites delivering e-Procurement capabilities to technology solution providers and buyers in the SMB, and the government and education sectors.
Ingram Micro Inc. Statistics
Customers:
Ingram Micro sells to nearly 170,000
technology solution providers in more than 100 countries. The company
specializes in three market segments: commercial, consumer and value-added
resellers (VARs). Each segment comprises a variety of customer groups; examples
include:
- Corporate Resellers - Corporate technology solution providers
- Direct and Consumer Marketers - Direct marketers, computer superstores,
mass merchants, Internet storefronts, consumer electronics and office
supply stores
- Value Added Resellers - System and Web integrators, application VARs,
and government and education VARs
As reported in Ingram Micro’s 2001 10-K,
no single customer represented more than 4 percent of Ingram Micro’s net sales
in 2001, 2000, or 1999. The company conducts business with most of the leading
resellers of computer-based technology products around the world.
Vendors:
More than 1,700 hardware manufacturers
and software publishers utilize Ingram Micro as their distribution partner. The
distributor’s worldwide supplier list includes almost all of the leading
microcomputer hardware manufacturers, networking equipment manufacturers and
software publishers.
- Top vendors include Adobe, Apple ,Autodesk, APC, Cisco, Computer
Associates, Epson, HP, HCL, IBM, Intel, Iomega, Lenovo, Microsoft,
Palm, Quantum, Maxtor, Macromedia, Seagate, Sony Ericsson, Symantec,
Veritas, Western Digital, Xerox, and 3Com.
Product Offering:
Ingram Micro and its subsidiaries market
and distribute more than 280,000 products - the largest product offering
available in the industry. The company markets computer hardware, networking
equipment, and software products from over 1700 suppliers, including desktop
and notebook personal computers, servers and workstations, personal digital
assistants, wireless devices, mass storage devices, CD-ROM, CD-RW and DVD
drives, monitors, printers, scanners, modems, networking hubs, routers and
switches, network interface cards, components, business applications software,
entertainment software, consumer electronics, and computer supplies and
accessories.
Ingram Micro India Pvt. Limited is a subsidiary
of Ingram Micro Inc., USA. Established in 1989, IMIPL today is the No: 1 IT
Distribution company with nationwide presence at 30+ locations.
We have extensive market expertise in
providing a comprehensive product line from a single source. We enjoy an excellent
reputation and market credibility as a leading wholesale provider of Computer
Systems & Components, Peripherals and Printers, Networking Solutions,
Computer Storage Systems, Supplies and Accessories, Application Software and
Support Services. As a subsidiary of Ingram Micro worldwide we bring to India
the best of business practices and our state-of-the-art information systems in
worldwide distribution. We are committed to be the best wholesale provider of
IT products and services in India providing real value to our customers and
principals.
Contact Us:
Northern
Branches:
Chandigarh
Branch
Ingram Micro India (P) Ltd
181, Industrial Area, Phase I,
Chandigarh - 160 002.
Tel : 0172 - 5018071 /72/73/74
Fax: 0172 - 5018075
Dehradun Branches
Ingram
Micro India (P) Ltd
Jain Godowns, Chaman Vihar
Niranjanpur
Dehradun - 248001
Tel : 0135 - 2520950
Fax: 0135 - 2722791
Delhi
Branch
Ingram Micro
India (P) Ltd
D 13/5, Okhla Industrial Area
Phase II, New Delhi - 110020
Tel : 011 - 26388884 / 80
Fax: 011 - 26377859
NCR Branch
Ingram
Micro India (P) Ltd
Punj Corporate House
159, Okhla Estate (Phase 3)
Behind Modi Flour Mill
New Delhi - 110020
Tel : 011 - 51613709 /3707
Fax: 011 - 51709187
Jaipur
Branch
Ingram Micro
India (P) Ltd
2nd Floor, A 28, Ram Nagar
Shastri Nagar
Jaipur - 302016
Lucknow Branch
Ingram Micro
India (P) Ltd
DTL Plaza,19 way Lane
Behind Hindustan Times Building
Lucknow - 226001
Tel : 0522 - 2207293 / 165
Fax: 0522 – 2207108
Jammu
Branch
Ingram
Micro India (P) Ltd
C/o Aggarwal Associates,
Plot No. 72, Phase III,
Industrial Area, Ganyal
Jammu 180010
Telefax
: 0191 - 2484088
Parwanoo
Branch
Ingram
Micro India (P) Ltd
C/o Gati Limited, Gr Floor,
Income Tax Bldg, Kasauli Road,
Sector 3, Parwanoo - 173220
Telefax : 01792 -
233256
Ludhiana
Branch
Ingram Micro
India (P) Ltd
Plot No.505
Baldev Warehousing Complex,
Village Threekay,
Ludhiana - 141001
Tel : 0161 - 3012104
Telefax:0161 - 3012105
Western
Branches:
Ahmedabad Branch
Ingram
Micro India (P) Ltd
No.5, Patel Avenue,
Sarkhej - Gandhinagar Highway,
Near Gurudwara, Thaltej,
Ahmedabad - 380054
Tel: 079 - 26857421 / 7450
Fax: 079 - 26843825
Baroda
Branch
Ingram Micro
India (P) Ltd
209, Siddharth Complex,
Near Express Hotel,
R.C.Dutt Road, Alkapuri,
Baroda - 390005
Tel: 0265 - 2343914 / 2324319
Fax: 0265 - 2340265
Bhopal Branch
Ingram Micro
India (P) Ltd
51, Shamla Road,
Near Bharat Bhavan
Bhopal - 462002
Tel: 0755 - 2661512 / 2661513
Fax: 0755 - 5229287
Indore Branch
Ingram Micro
India (P) Ltd
Office No.1, Swadesh Bhavan,
2 Press Complex,
Agra Bombay Road,
Indore - 452001
Tel: 0731 - 5071019 / 20 /
5009993
Fax: 0731 – 5009994
Surat Branch
Ingram Micro India (P) Ltd
A-1, Krishna Murari Society,
Opp Leelavihar Society,
Causeway Road, Rander Road,
Surat - 395009
Tel: 0261 -2762374
Mumbai Branch
Ingram Micro India (P) Ltd
Gate No 4.
Godrej Industries Complex
Eastern Express Highway,
Pirojshanagar, Vikhroli East,
Mumbai 400079
Tel: 022 - 55960303
Fax: 022 - 55960305
Nagpur Branch
Ingram Micro India (P) Ltd
Shop No.152,
Rajat Sankul, Opp S.T.Stand,
Ganesh Peth,
Nagpur - 440010
Tel: 0712 - 5635336 / 7
Pune Branch
Ingram Micro
India (P) Ltd
301-302, Nanasaheb Pasalkar Bhavan,
Opp.SSPMS School,
Court Road, Shivajinagar,
Pune - 411005
Tel: 9520 - 56020920 upto 25
Fax: 9520 – 56020915
Raipur Branch
Ingram Micro India (P) Ltd
Shop No 16 & 17,
Mahalakshmi Market,
Pandari,
Raipur - 492004
Tel: 0771 - 5034185 / 86
Goa Branch
Ingram Micro India (P) Ltd
G-2, A Block, Chirantan Aptmts,
Nevgi Nagar, Qurem Road,
Panjim
Goa - 403001
Tel: 0832-5642528 / 29
Eastern
Branch:
Bhubaneshwar Branch
Ingram
Micro India (P) Ltd
C-101, Ground Floor,
Palaspali,
Bhubaneshwar - 751020
Tel: 0674 - 2588650/404
Telefax : 0674 - 2590097
Kolkata
Branch
Ingram
Micro India (P) Ltd
7, KYD Street, II Floor,
Kolkata - 700016
Tel: 033 - 22274865/68
Fax: 033 - 22274867
Jamshedpur Branch
Ingram Micro India (P) Ltd
1378B/B Mahesha Apts,
North West Circuit,
House Area,
Jamshedpur - 831011
Tel: 0657 - 5542381/2
Ranchi Branch
Ingram Micro India (P) Ltd
Doran House,
North Office Par P.O.,
Hinoo, Ranchi
Guwahati Branch
Ingram Micro
India (P) Ltd
Boraco Commercial,
G.S.Road, Ulubari,
Guwahati - 781007
Tel: 0361 - 2452975
Telefax : 0361 - 2452973
Southern
Branches:
Bangalore Branch
Ingram Micro
India (P) Ltd
Shiva Govinda Business Centre,
No.12, New Hosur Road,
Wilson Garden
Bangalore 560027
Tel: 080 - 26563450/4445
Fax: 080 - 26563451
Chennai
Branch
Ingram
Micro India (P) Ltd
MF 7, Cipet Hostel Road
Ekkatuthangal
Chennai - 600097
Tel: 040 - 22333071
Fax: 040 - 52120022
Cochin Branch
Ingram Micro India (P) Ltd
Combine Centre,
Door No.28/696 A-3, 2nd Floor,
K.P.Vallon Road,
Kadavanthara,
Cochin - 682020
Tel: 0484 - 2324188 / 2318815
Fax: 0484 - 2323598
Coimbatore Branch
Ingram Micro India (P) Ltd
Door No.68, (Old No.128)
Ponnurangam Road West,
R.S.Puram
Coimbatore - 641002
Tel: 0422 - 5370400 / 5370500
Hubli Branch
Ingram Micro
India (P) Ltd
101, 1st Floor, Center Point,
Near Swimming Pool Center,
Opp Sangivani Office,
New Cotton Market,
Hubli - 580029
Tel: 0836 - 2257731
Fax: 0836 - 2257730
Hyderabad Branch
Ingram Micro
India (P) Ltd
# 32 & 33, Chitta Reddy Colony,
Tarbund Cross Road,
Hyderabad - 500009
Tel: 040 -
55317500 / 1/2/3
Fax: 040 - 27899491
Madurai Branch
Ingram Micro
India (P) Ltd
2/41, Rajuthevar Kalyana Mahal Bldg
Gr Foor, Workshop Road,
Madurai - 1
Tel: 0452 -
5353570
Fax: 0452 - 5380222
Pondicherry Branch
Ingram Micro
India (P) Ltd
24/73A, Rathinavel Mansion,
First Cross, Gundupallayam,
Pondicherry - 605009
Tel: 0413 - 2274956 /2275387
Fax: 0413 - 2276117
Trivandrum Branch
Ingram Micro India (P) Ltd
TC 12/466 (2) Plamoodu
Pattom P.O.
Trivandrum - 695004
Tel: 0471 - 2306709 / 03
Vizag Branch
Ingram Micro India (P) Ltd
9-13-45/2/1, CBM Compound
East Extension
Vishakapatnam - 530017
Tel: 0891-2588164/165
Fax: 0891- 2588163
Awards and Achievements:
·
Premerger Tech
Pacific India Wins IBM PartnerWorld Beacon Award
- IT
Association Recognition for Ingram Micro
- Cisco
Recognises Ingram Micro
- Award for
Premerger Tech Pacific, Chennai from IBM
- HP Award for
Premerger Tech Pacific, Chennai
- HP
Recognition for Premerger Tech Pacific, Pune
Asia pacific presence of subject
With 50 offices
in 10 Asian Countries China Taiwan, Thailand, India, Malaysia, Indonesia,
Australia, New Zealand, Hongkong and Singapore subject works with partners.
Subject has
managed to established strong network of resellers in the Coupled with the
breadth of and Impulse system capability distribute more products countries
with greater efficiency companies attribute their success quality and
commitment of them and it is no exceptional across the region, it has closely
associates with a good youthfulness and experience. Share a common set of
values objectives and are led by management team towards a goal-to-make subject
as IT distributor in Aisan Pacific.
Acer ties up with Ingram Micro to expand India reach
Bangalore, October 20,
2003 - Acer India has strengthened
its distribution network in India by entering into a partnership with Ingram Micro
India as its national distributor. Acer India will use Ingram Micro's extensive
reseller network to sell the full range of Acer commercial and consumer PCs,
Notebooks, Servers, LCD Monitors and other products across India. The tie up is
a step in maintaining Acer's rapid growth in the market and widens the
company's reach across the nation.
Acer has shown tremendous growth across all its product categories and
market segments in 2003, making it an outstanding year for Acer India. This has
helped to propel its business levels to record heights, exceeding the previous
year's achievements within the first half of the current year. In addition,
Acer has also built strong inroads into the retail segment, an initiative that
has met with unequivocal success.
Speaking on the partnership, Mr. S. Rajendran, General Manager - Sales
and Marketing, Acer India (Pvt) Ltd. said, "Acer started its operations
with a strong focus on institutional buying. However, our success in the retail
segment has encouraged us to expand our reach. We are looking at Ingram to help
us in penetrating Class B and Class C cities, an area where they have
historically enjoyed a very strong reach."
Mr. Navneet Bindra of Ingram Micro also added, "Acer and Ingram
have enjoyed a very strong relationship across many countries around the world.
We have had a very fruitful association with Acer in many markets and we
definitely hope to replicate the same success story here in India. We are
really excited to distribute Acer's top-of-the-line desktops, notebooks,
servers and peripheral products and look forward to a healthy business
relationship."
About Acer India (Pvt) Ltd
Established in 1976, Acer is among the world's top ten PC vendors, offering a
broad range of PC products from industry-leading high-end PC servers and
multimedia desktop computers to notebooks, computer peripherals and components.
Acer is also a major Internet enabler, providing Internet component
technologies, devices and services. These include end-to-end solutions, mobile
phones, plasma displays, TFT-LCDs, projectors, wireless communications, and
e-corp solutions.
Acer India (Pvt) Ltd. was incorporated as a wholly owned subsidiary of
Acer Computer International Ltd. on 9th September 1999. Acer India has its
headquarters in Bangalore, with branch offices in New Delhi, Mumbai, Chennai,
Kolkata and Hyderabad. Acer India provides sales & marketing support and
after-sales support backed up with infrastructure to bring fresh technology to
India. Acer's mission in India is to translate the Group's goal of making
computer technology easier to use and more affordable - to everyone in this
country.
For more information on the company, please log on to: http://www.acer.co.in
About Ingram Micro
Ingram Micro Inc. is the largest global wholesale provider of technology
products and supply chain management services. The company operates in 37
countries with sales of more than $25 billion for the fiscal year 2001. Ingram
Micro's global regions provide the distribution of technology products and services,
market development programs, and supply chain management services to nearly
170,000 technology solution providers and 1,700 manufacturers. The company is
focused on maximizing shareowner value and achieving customer satisfaction
through innovation in the information technology supply chain.
About Ingram Micro India Pvt. Ltd:
IMIPL (formerly known as Electronic Resources India Limited) is a subsidiary of
Ingram Micro Inc., USA. Established in 1989, IMIPL today has nationwide
presence in India at 28 locations with 9 independent business divisions to
provide a wide range of products and services from a single source:
Tally,
Ingram Micro tie up
Our Convergence
Bureau
6 August 2003
Bangalore: Tally Solutions Pvt Ltd, a city
company that makes Tally, India's No 1 accounting and inventory management
software, has announced a tie-up with Ingram Micro India Pvt Ltd, a subsidiary
of Ingram Micro Inc, USA, the world's leading wholesale provider of technology
products and supply chain management services.
As per the tie-up, Ingram Micro will be
a Tally channel partner across India for the sales of Tally.
In a joint statement, Tally Solutions
managing director Bharat Goenka and Ingram Micro India CEO Prasad Mamidanna
said: "It is a privilege to be associated with each other. This tie-up is
just the beginning of the type of innovative sales model we are adopting. It
provides tremendous value, which will increase reach and translate into easier
availability of our products for our customers."
Tally Solution's key business area is
business solutions software. It started its operations in 1988. Tally is the
largest financial accounting software in the country — bigger than all other
brands put together, according to a research done by International Data
Corporation.
Ingram Micro
India (formerly Electronic Resources India) is a subsidiary of Ingram Micro
Inc, USA. Established in 1989, Ingram today has a nationwide presence in India at
28 locations with nine independent business divisions to provide a wide range
of products and services from a single source.
List of
reports on Tally Solutions
List of
reports on Ingram Micro
Ingram Micro India Pvt Ltd
Gate 1,A, Godrej Industries Complex,
Pirojshahnagar, Eastern Express Highway
Vikhroli,(East), Mumbai 400 079
Contact : Mr Arif Kazi
Board : +91-22-55960101..x..108
Direct : +91-22-55960108
H/Phone : +919322242269
Fax : +91-22-55960102
Email : arif.k@ingrammicro.co.in
CMT REPORT [Corruption, Money laundering & Terrorism]
The
Public Notice information has been collected from various sources including but
not limited to: The Courts, India Prisons Service, Interpol, etc.
1] INFORMATION
ON DESIGNATED PARTY
No records exist designating subject or any of its beneficial owners, controlling shareholders or senior officers as terrorist or terrorist organization or whom notice had been received that all financial transactions involving their assets have been blocked or convicted, found guilty or against whom a judgement or order had been entered in a proceedings for violating money-laundering, anti-corruption or bribery or international economic or anti-terrorism sanction laws or whose assets were seized, blocked, frozen or ordered forfeited for violation of money laundering or international anti-terrorism laws.
2] Court
Declaration :
No records exist to suggest that subject is or was the
subject of any formal or informal allegations, prosecutions or other official
proceeding for making any prohibited payments or other improper payments to
government officials for engaging in prohibited transactions or with designated
parties.
3] Asset
Declaration :
No records exist to suggest that the property or assets of the subject are derived from criminal conduct or a prohibited transaction.
4] Record
on Financial Crime :
Charges or conviction registered
against subject: None
5] Records
on Violation of Anti-Corruption Laws :
Charges or investigation registered
against subject: None
6] Records
on Int’l Anti-Money Laundering Laws/Standards :
Charges or investigation registered
against subject: None
7] Criminal
Records
No available information exist that suggest that subject or any of its principals have been formally charged or convicted by a competent governmental authority for any financial crime or under any formal investigation by a competent government authority for any violation of anti-corruption laws or international anti-money laundering laws or standard.
8] Affiliation
with Government :
No record exists to suggest that any director or indirect owners, controlling shareholders, director, officer or employee of the company is a government official or a family member or close business associate of a Government official.
9] Compensation
Package :
Our market survey revealed that the amount of compensation sought by the subject is fair and reasonable and comparable to compensation paid to others for similar services.
10] Press Report :
No press reports / filings exists on the subject.
CORPORATE
GOVERNANCE
MIRA
INFORM as part of its Due Diligence do provide comments on Corporate Governance
to identify management and governance. These factors often have been predictive
and in some cases have created vulnerabilities to credit deterioration.
Our
Governance Assessment focuses principally on the interactions between a
company’s management, its Board of Directors, Shareholders and other financial
stakeholders.
CONTRAVENTION
Subject
is not known to have contravened any existing local laws, regulations or
policies that prohibit, restrict or otherwise affect the terms and conditions
that could be included in the agreement with the subject.
FOREIGN
EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US
Dollar |
1 |
Rs.44.88 |
|
UK
Pound |
1 |
Rs.83.07 |
|
Euro |
1 |
Rs.56.94 |
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 |