MIRA
INFORM REPORT
|
Report Date : |
27th
May, 2006. |
IDENTIFICATION
DETAILS
|
Name : |
AMERICAN
POWER CONVERSION INDIA PRIVATE LIMITED |
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Registered Office : |
187/3 & 188/3, Jigini Village, Jigini
Hobli, Anekal Taluk, Bangalore – 562 106, Karnataka, India |
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Country : |
India |
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Financials (as on) : |
31.03.2002 |
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Date of Incorporation : |
09.10.2001 |
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Com. Reg. No.: |
08-29635 |
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CIN No.: [Company
Identification No.] |
U32109KA2001PTC029635 U30007TN1997PTC037679 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
CHEA03081B BLRA01711D |
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Legal Form : |
Private
Limited Liability Company |
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Line of Business : |
The
company is engaged in the business as Manufacturer/Assembler, Trader,
Importer and Exporter of “UPS”, Power Protection Equipments, Power
Conditioning Equipments and Power Management Software for Computer and
Computer Related Equipment. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD
2750000 |
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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 part of American Power Conversion, USA, a multi-national organisation. Available
information indicates high financial responsibility of the company. Trade
relations are fair. Payments are usually correct and as per commitments. The
proposed business dealings of can be considered against normal trade terms
and conditions. |
LOCATIONS
|
Registered Office : |
187/3 & 188/3, Jigini Village, Jigini
Hobli, Anekal Taluk, Bangalore – 562 106, Karnataka, India |
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Tel. No.: |
91-80-27826025 – 32 / 27826151 – 58 |
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Fax No.: |
91-80-27826022 / 23 / 24 |
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E-Mail : |
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Website : |
http://www.apcc.com/india
http://www.apcc.surge.cfinsurge.com |
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Area : |
3
acres |
|
Location : |
Owned |
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|
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Software
Division : |
27,
Lavelle Road, Bangalore – 560 001, Karnataka, India |
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Tel.
No.: |
91-80-22997511
/ 12 /14 /15 |
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Fax
No.: |
91-80-22213816 |
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E-Mail
: |
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Website: |
http://www.apcc.com/india
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|
Area : |
67000
sq. ft. |
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Location : |
Rented |
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Corporate
Office : |
5A
Century Plaza, 560 Anna Salai, Chennai – 600018, Tamilnadu, India |
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Factory : |
187/3 & 189/3, Jigini Village, Jigini Hobli, Anekal Taluk,
Bangalore – 562 106, Karnataka |
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Tel.
No.: |
91-80-27826025 – 32 / 27826151 – 58 |
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Fax
No.: |
91-80-27826022 / 23 / 24 |
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E-Mail
: |
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Website: |
http://www.apcc.com/india
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Branches
: |
CHENNAI
5-A, Century Plaza, 560 Anna Salai,
Chennai-600018, Tamilnadu, India Tel. No.: 91-44-24331124 Fax No.: 91-44-24341464 Building No.6, 1st Avenue,
Indira Nagar, Adyar, Chennai-600 020, Tamil Nadu Tele No. Technical Support 91-44-24450511, 24450711 Domenic
Rosario – Cell No. 9841012522 Sales
Support 91-44-24450900
/ 24450556 KOLKATA
768, Lake View Road, Kolkata – 700 029,
West Bengal Tele No. Technical Support 91-33-2463 / 2463 0064 Thomas – Cell No. 9830037308 Sales
Support 91-33-24630063
/ 24630064 Tarun – Cell No. 9830025473 BANGALORE
354, 14th Cross, Indiranagar,
II Stage – 560038, Bangalore, Karnataka, India Tel. No.: 91-80-5296624 Fax No.: 91-80-5274618 27, Lavelle Road, Bangalore – 560 001,
Karnataka, India Tele No. Technical Support 91-80-5737497 / 8 / 9 Nehal Dixit - Cell No. 9845195917 Sales
Support 91-80-2213798
/ 2213847 NEW DELHI
C4 / 60, Sadarjan Development Area –
110016 Tel. No.: 91-11-26523155 Fax No.: 91-11-26523177 B-1/E-27, Mohan Co-operative Industrial
Estate, New Delhi – 110 044 Tele No. Technical Support 91-11-26942342 / 26942641 Rakesh Singh – Cell No. 9811040429 Sales
Support 91-11-26974357
/ 26974358 MUMBAI
297, Floral Deck Plaza, M I D C, Andheri
(East), Mumbai-400093, Maharashtra, India Tel. No.: 91-22-28203859 Fax No.: 91-22-28238079 Hi Tech Plaza, Mahakali Caves Road,
Andheri (East), Mumbai-400093, Maharashtra Tele No. Technical
Support 91-22-56987075 /
56987076 Ashok Shetty – Cell No. 9820095221 Sales
Support 91-22-5698
7073 / 5698 7074 LUCKNOW
B 14, Nirala Nagar, Near Vivekanand Poly
Clinic, Lucknow – 226 020 Tele No. Technical Support 91-522-2330102 / 2335128 Neeraj Kar – 9839070953 Sales
Support 91-522-2330102
/ 2335128 SECUNDERABAD 3-41-66, Sri Laxmi Nilayam, West Maredpally,
Behind Police Station, Secunderabad, Andhra Pradesh – 500 026 Tele No. Technical Support 91-40-27717646 / 27807674 Mr. Radhakrishna Murthy –
9849008174 Sales
Support 91-40-27717646
/ 27807674 COCHIN
No. 29/932, Shine Road, Vytilla, Cochin,
Kerala – 682 019 Tele No. Technical Support 91-484-2301523 / 2305575 Zonice – 9847041045 Sales
Support 91-484-2301523
/ 2305575 PUNE
Plot No. B1, Aniket Co-operative Society,
Dhanashree Building, Bidvewadi Road, Pune, Maharashtra – 411 037 Tele No. Technical Support 91-20-24216848, 24217718 Mr. Ananthan – Cell No.9822023540 Sales Support 91-20-24216848,
24217718 |
DIRECTORS
|
Name : |
MR.
Javid Ahmads |
|
Designation : |
Managing Director and General Manager
Manufacturing |
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Date of Birth/Age : |
40 years |
|
Qualification : |
MBA |
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Experience : |
16 years |
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|
Name : |
Mr.
Anand Iyer |
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Designation : |
Director –Marketing and Country Manger |
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Date of Birth/Age : |
40 years |
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Name : |
Mr. J.
Jeffrey (USA) |
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Designation : |
Director
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Name : |
Mr. J.
Michael (USA) |
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Designation : |
Director
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Name : |
Mr. M.
Donald (USA) |
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Designation : |
Director
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MAJOR SHAREHOLDERS
The
company's entire share capital is held by American Power Conversion Corporation
of USA.
BUSINESS DETAILS
|
Line of Business : |
The company
is engaged in the business as Manufacturer/Assembler, Trader, Importer and
Exporter of “UPS”, Power Protection Equipments, Power Conditioning Equipments
and Power Management Software for Computer and Computer Related Equipment. |
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|
|
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Exports to : |
UPS to
Ireland, USA, Europe, Australia, Uruguay, Singapore |
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Imports from : |
Japan,
USA, Taiwan, China, Singapore, Korea |
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Terms : |
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Selling : |
L/C
and Advance Payment, Credit (30 – 45 Days) |
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Purchasing : |
Credit
(30 Days) |
GENERAL
INFORMATION
|
Suppliers : |
v
Exide
Industries Limited, Kolkata v
Panasonic,
Singapore and China |
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|
|
|
Customers : |
v
IBM
India Limited, India v
Dell
Computers, India Retailers,
End Users and others |
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No. of Employees : |
1600 |
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|
|
|
Bankers : |
Ř
ICICI
Bank, 1, Cenotaph Lane, Chennai - 600 018, Tamilnadu Ř
ABN
Amro Bank, Chennai, Tamilnadu Ř
Citi
Bank NA, M. G. Road, Bangalore –560001, Karnataka |
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Facilities : |
-- |
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Banking Relations : |
Satisfactory |
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Auditors : |
KPMG C/o
Bharat D. Raut and Company |
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Qualification: |
Chartered
Accountants |
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Address: |
2A,
Century Plaza, 560, Anna Salai, Chennai - 600 018, Tamilnadu |
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Group Company: |
APC Affiliates Worldwide |
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Parent Company: |
Ř
American
Power Conversion Corporation, USA |
CAPITAL STRUCTURE
Authorised
Capital :
|
No.
of Shares |
Type |
Value |
Amount |
|
6000000 |
Equity
shares |
Rs. 10 each |
Rs. 60.000 Millions |
Issued,
Subscribed & Paid-up Capital :
|
No.
of Shares |
Type |
Value |
Amount |
|
3353562 |
Equity
shares |
Rs. 10 each |
Rs. 33.536 Millions |
FINANCIAL DATA
[all figures are in Rupees
Millions]
No
Subsequent financials could be available from any source.
Management
remained non-cooperative during the current investigation.
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2002 |
31.03.2001 |
31.03.2000 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
33.536 |
33.536 |
18.700 |
|
|
2] Share Application Money |
0.000 |
0.000 |
14.900 |
|
|
3] Reserves & Surplus |
647.084 |
95.277 |
0.000 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
(21.600) |
|
|
NETWORTH |
680.620 |
128.813 |
12.000 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
87.347 |
183.118 |
134.300 |
|
|
TOTAL BORROWING |
87.347 |
183.118 |
134.300 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
767.967 |
311.931 |
146.300 |
|
|
|
|
|
|
|
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APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
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FIXED ASSETS [Net Block] |
690.974 |
455.747 |
179.500 |
|
|
Capital work-in-progress |
4.929 |
120.213 |
9.300 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
707.752 |
369.861 |
102.800 |
|
|
Sundry Debtors |
414.032 |
192.375 |
157.600 |
|
|
Cash & Bank Balances |
73.717 |
70.312 |
150.500 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
96.139 |
83.767 |
86.700 |
|
Total Current Assets |
1291.640
|
716.315 |
497.600 |
|
|
Less : CURRENT LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Current Liabilities |
1095.285 |
0.000 |
541.000 |
|
|
Provisions |
124.291 |
980.812 |
0.000 |
|
Total Current Liabilities |
1219.576
|
980.812 |
541.000 |
|
|
Net Current Assets |
72.064 |
(264.497) |
(43.400) |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.468
|
0.900 |
|
|
|
|
|
|
|
|
TOTAL |
767.967 |
311.931 |
146.300 |
|
PROFIT
& LOSS ACCOUNT
|
PARTICULARS |
31.03.2002 |
31.03.2001 |
31.03.2000 |
|
Sales Turnover [including other income] |
3051.001 |
2030.519 |
753.300 |
|
|
|
|
|
|
Profit/(Loss)
Before Tax |
609.195 |
141.473 |
(1.300) |
|
Provision
for Taxation |
57.388
|
24.617 |
0.000 |
|
Profit/(Loss)
After Tax |
551.807 |
116.856 |
(1.300) |
|
|
|
|
|
|
Export
Value |
2431.365 |
1325.793 |
296.600 |
|
|
|
|
|
|
Import
Value |
1900.213 |
1385.978 |
557.800 |
|
|
|
|
|
|
Total
Expenditure |
NA |
NA |
22.600 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2002 |
31.03.2001 |
31.03.2000 |
|
PAT / Total Income |
(%) |
18.09
|
5.75 |
(0.17) |
|
|
|
|
|
|
|
Net
Profit Margin (PBT/Sales) |
(%) |
19.98
|
6.97 |
(0.17) |
|
|
|
|
|
|
|
Return
on Total Assets (PBT/Total
Assets} |
(%) |
30.65
|
10.95 |
(0.19) |
|
|
|
|
|
|
|
Return
on Investment (ROI) (PBT/Networth) |
|
0.90
|
1.10 |
(0.11) |
|
|
|
|
|
|
|
Debt
Equity Ratio (Total
Liability/Networth) |
|
1.92
|
9.04 |
56.28 |
|
|
|
|
|
|
|
Current
Ratio (Current
Asset/Current Liability) |
|
1.06
|
0.73 |
0.92 |
LOCAL AGENCY
FURTHER INFORMATION
BUSINESS
The
company is engaged in the business as Manufacturer/Assembler, Trader, Importer
and Exporter of “UPS”, Power Protection Equipments, Power Conditioning
Equipments and Power Management Software for Computer and Computer Related
Equipment.
Subject
is also in the field of development of computer software, though a 100 export
oriented unit, registered under : STPI, areas of software are RDBMS, Dada
Warehousing, ERP/MRP Solutions, Data Processing, Data Conversion, Support and
Implementation (Software Unit/operations stated from June 2000).
Subject
has ISO : 9002 certification.
The
company also provides sales and service support.
The
company has joint venture with American Power Conversion, USA.
Subject
is in collaboration with American Power Conversion Corporation, West Kingston,
USA.
The
company exports UPS to Ireland, USA, Europe, Australia, Uruguay, Singapore
against L/C and Advance Payment terms.
The
company imports Raw Materials from Japan, USA, Taiwan, China, Singapore, Korea
against credit (30 days) terms.
HISTORY
The
Company was originally incorporated on 10th March, 1997 at Chennai
in Tamilnadu having Company Registration Number 18-37679.
Its
registered office was shifted to Bangalore in Karnataka state on 9th
October, 2001 and obtained a fresh certificate of incorporation Number 29635.
The
company became 43A company w.e.f. 1st July 2000 and again converted
as Private Limited company w.e.f. 13th December 2000.
The
Registered Office of the company has been changed to Karnataka, as per the
CLB/SRB order dated 7th September 2001 and the change has been
registered by the ROC/Karnataka, assigning New Company Number 29635 dated 9th
October 2001.
The
company incorporated in March 1981, was founded by three electronic power
engineers from the Massachusetts Institute of Technology. At the time, the research and development
efforts of these three men were focused on solar electricity. Over the next few years, Government funding
and incentives in the solar arena began to dry up. In response, APC shifted its focus to power protection,
introducing its fist UPS in 1984, the 750.
The need for capital to support this growing business was satisfied in
July 1988 when APC became a publicly traded company. The stock trading under the symbol “APCC” was priced at $ 125
per share when adjusted for stock splits.
It was
well known that computer systems required back-up power solutions. It was quite common for a mainframe
computer to have a large uninterruptible power supply (UPS) and generator
installed in tandem. It came at the
market from a different perspective.
Industry trends involving the personal computer made it management
realise that smaller UPSs were necessary for the market that included personal
computer, PC servers and their networks.
Over the
years, it has developed a global, end-to-end, product offering targeted at four
strategic application area: Home/Small
offices, Business Net Works, Access Providers and Data Centres &
Facilities. Internal product
development has been augmented with strategic acquisitions to form an industry
leading product portfolio. Throughout
the world, the APC brand has become synonymous with quality power back-up and
management solutions.
It is a
leader in its industry, employing over 5000 people worldwide, and is listed
among the prestigious Fortune 1000, Forbes 500, Nasdaq 100 and S & P 500 rankings.
AS PER WEBSITE:
The Evolution of Networking
When APC began
selling power protection equipment, networking was in its infancy. Most
computer users were still transferring data on the 'sneaker net' using 512k
floppy disks. As networking began to evolve, users began to use linked PCs to
share files and print documents, which gradually increased the importance of
the computers and equipment upon which these tasks were transacted. Still, the
number of people protecting the hardware and data with UPSs was small.
Initially, the
motivation for using APC's products was to protect the hardware itself. As more
and more data was passed across networks, our customers began recognizing the
importance and value of the data on their servers and PCs; they quickly began
protecting this data as well. As the value of data grew exponentially, the
importance of protecting the availability of the network reached critical mass.
A growing number of customers cannot tolerate any downtime in their networks.
In the last few
years, the value of the data being created, transferred and stored has
continued to multiply. Not only is the quantity of data increasing, but
E-commerce applications are literally transferring, processing and storing
money on the servers we protect. As a result, highly reliable solutions like
our Power Array technology are being adopted by industry-leading global
enterprises to ensure E-commerce delivers on its promise.
In 1984, when
we built our first UPS, I don't think anyone at APC could have imagined a
better scenario for the Company than what we are seeing today. Data has become
money, and it is flying around the globe, without bounds, at an incredible rate
of speed. As a company we could not have hoped for a better business
opportunity than one in which network downtime correlates to a loss of revenue.
Global, end-to-end, Nonstop Networking
In 1998, with
the convergence of data and revenues in mind, we put many elements of our
objective of providing global, end-to-end, Nonstop Networking solutions into
play.
The acquisition
of SilconTM the continued introduction of
new products for existing and new markets, geographies and industry trends; the
expansion and development of strategic relationships; and, the addition of
global manufacturing efforts throughout 1998 all brought us closer to this
objective.
One of the many
areas of potential growth for the Company going forward is the Enterprise or
high-power space. In 1998, our efforts there were bolstered by two primary
factors: the continued roll out and acceptance of the Symmetra Power Array and
the acquisition of Silcon. Overall, Symmetra and its Power Array technology has
continued to gain acceptance as the premier high-availability solution for
datacenters.
The three-phase
power protection market addressed by the acquired Silcon products represents an
incremental $1.3 billion in potential revenue to APC (source: Venture
Development Corporation). We intend to aggressively pursue these new
opportunities worldwide while we maintain a watchful eye on the industry
trends, customer needs and new markets that define our objectives.
In closing, I
would like to thank you for your interest in APC. As always, we welcome your
comments, and invite you to use the contact
APC to relay them to us.
Thank you once again for your continued support.
AMERICAN POWER CONVERSION
CORPORATION
(NASDAQ:APCC)
Recent Financial
Results:
|
First Quarter 2005: |
|
Full Year 2004: |
||
|
Sales |
$408 M |
|
Sales |
$1.7 B |
|
Net income |
$36 M |
|
Net income |
$182 M |
|
EPS |
$.18 |
|
EPS |
$.90 |
INTRODUCTION
American Power
Conversion (Nasdaq:APCC) provides protection against many of the primary causes
of data loss, hardware damage and downtime. Founded in 1981, APC is a leading
provider of global, end-to-end AC and DC-based back-up power products and
services, which include surge suppressors, uninterruptible power supplies
(UPS), power conditioning equipment, power management software, and DC power
systems as well as precision cooling equipment, and professional and consulting
services for Nonstop Networking™. APC, known for Legendary Reliability™, sets
the standard for quality, innovation and support for power protection solutions
from desktop systems to data center operations to entire facilities. Its
comprehensive solutions, which are designed for both home and corporate
environments, improve the manageability, availability and performance of
sensitive electronic, network, communication and industrial equipment of all
sizes.
APC sets itself
apart from the competition in several ways:
- Global one-stop solutions - APC provides worldwide
access to "best-of-breed" offerings;
- Financial strength - APC's financial strength
makes it an attractive partner;
- Efficient manufacturing - APC provides high quality
products to customers worldwide;
- Innovative product offerings - APC designs solutions to
address "real" customer needs.
INFRASTRUXURE™
APC’s InfraStruXure is on-demand architecture for network-critical physical
infrastructure (NCPI). The InfraStruXure design, which integrates power,
cooling, rack, management and services, allows the selection of standardized,
modular components to create a customized solution. This standardization
coupled with APC’s web-based Build Out Tool enables an easily scalable
architecture designed to meet changing needs and future expansion. This
patent-pending approach provides increased availability, improved adaptability
and speed of deployment as well as lowered total cost of ownership for IT
environments – from wiring closets to computer rooms to data centers.
APC'S CORPORATE
MISSION
The mission of
APC is to create delighted customers by improving the manageability,
availability, and performance of information and communication systems through
rapid development and delivery of innovative solutions to real customer problems.
GLOBAL PRESENCE
APC’s corporate
offices are located in West Kingston, Rhode Island. The Company has sales
offices throughout the world; manufacturing facilities in the U.S., Ireland,
Switzerland, Denmark, Philippines, China, India, and Brazil; and ships product
to nearly 160 countries. In 2004, 50% of APC’s revenues were in the Americas
(North and Latin America), 32% were in Europe, the Middle East and Africa and
18% were in Asia. As of December 31, 2004, APC had approximately 6,455
full-time employees worldwide.
APC HISTORY
Three
Massachusetts Institute of Technology (MIT) Lincoln Labs' electronic power
engineers founded American Power Conversion in 1981. At the time, the research
and development efforts of these three men were focused on solar power. Over
the next few years, APC shifted its focus to power protection introducing its
first UPS, the 750, in 1984. The need for capital to support this growing
business was satisfied in July 1988 when APC became a publicly held company.
The stock, trading under the symbol "APCC," was priced at $7.50, or
$.125 per share when adjusted for stock splits.
Over the years, APC has developed a global, end-to-end, product offering
targeted at four strategic application areas: Home/Small Office; Business
Networks; Access Providers; and Data Centers & Facilities. Internal product
development has been augmented with strategic acquisitions to form an industry
leading product portfolio. Throughout the world, the APC brand has become
synonymous with quality power back-up and management solutions.
KEY APPLICATION AREAS
Today, the
Company focuses its efforts on four key application areas:
- Home/Home Office
- Business Networks
- Access Provider Networks
- Data Centers and Facilities
Each requires
customized efforts for products, sales and marketing, but each has a common
theme: high availability is increasingly essential. APC is positioning itself
to be the preferred brand worldwide in all four of these application areas.
RECOGNITION AND AWARDS
Over the years,
APC has received hundreds of awards worldwide-- more than any other UPS
manufacturer. Such designations have recognized APC both for its reliable
solutions and its overall business performance. The company is listed
among the most recent Fortune 1000, Forbes Platinum 400, and Forbes
2000 annual rankings. APC is also part of the closely watched S&P 500
Index and the Nasdaq 100 Index. For its products, APC has received hundreds of
awards worldwide recognizing the reliability and innovation of its
products.
APC History
American Power Conversion, incorporated in March 1981, was founded
by three electronic power engineers from the Massachusetts Institute of
Technology. At the time, the research and development efforts of these three
men were focused on solar electricity. Over the next few years, government
funding and incentives in the solar arena began to dry up. In response, APC
shifted its focus to power protection, introducing its first UPS in 1984, the
750. The need for capital to support this growing business was satisfied in
July 1988 when APC became a publicly traded company. The stock, trading under
the symbol "APCC," was priced at $.125 per share when adjusted for
stock splits.
During this time, it was well known that computer systems required
back-up power solutions. It was quite common for a mainframe computer to have a
large uninterruptible power supply (UPS) and generator installed in tandem. APC
came at the market from a different perspective. Industry trends involving the
personal computer made APC management realize that smaller UPSs were necessary
for the market that included personal computers, PC servers and their networks.
Over the years, APC has developed a global, end-to-end, product
offering targeted at four strategic application areas: Home/Small Office;
Business Networks; Access Providers and Data Centers & Facilities. Internal
product development has been augmented with strategic acquisitions to form an
industry leading product portfolio. Throughout the world, the APC brand has
become synonymous with quality power back-up and management solutions.
Today, APC is a leader in its industry, employing over 5,000
people worldwide, and is listed among the prestigious Fortune 1000, Forbes 500,
Nasdaq 100 and S&P 500 rankings.
APC Milestones
1981
· American Power
Conversion Corporation is incorporated in Massachusetts. Its founders, three
electronic power engineers who had been working at MIT, direct their research
and development towards solar electricity.
1984
· APC introduces its first
UPS, the 450AT+, designed to capitalize on the growth of PCs and local area
networks.
1986
· APC establishes Rhode
Island based manufacturing, its first facility located in Peacedale, R.I.
· APC receives the
Company's first of many PC Magazine 'Editor's Choice' awards, this one for
its first UPS, the 450AT+.
1988
· APC goes public at $7.50
per share or $.125 per share adjusted for the Company's six stock splits. To
date this represents the Company's only equity offering.
1989
· APC's award-winning
PowerChute® software is introduced and revolutionizes power management.
· Major distributors Tech
Data and Ingram Micro begin carrying APC's products.
1990
· The Smart-UPS® brand of
UPSs are introduced. These solutions will grow to become the industry's premier
network power protection solution.
· The Company relocates to
its West Kingston, RI facility, the current site of corporate headquarters.
· APC's President and CEO,
Rodger B. Dowdell, Jr., is awarded Inc. Magazine's New England 'Entrepreneur of
the Year' award.
1991
· APC enters the surge
protection market with its SurgeArrest® product, the first offering in what
will become a comprehensive line of surge protection solutions.
1993
· APC expands into the
2kVA and higher UPS market with the industry's first modular UPS, Matrix-UPS®.
1994
· The Company opens its
first international manufacturing facility in Galway, Ireland to better address
the growing European market.
1995
· APC's annual revenues
cross the half-billion dollar mark.
· The Company introduces
over 155 new products, including a new generation of Smart-UPS and the
Company's first Back-UPS Pro® models.
1996
· APC's first Asian
manufacturing facility opens in the Philippines.
1997
· Valued at approximately
$12.6 million, Systems Enhancement Corp., a leading power management company based
in St. Louis, MO., is APC's first acquisition.
· APC enters the greater
than 5kVA UPS market with the revolutionary Symmetra® Power ArrayTM. The product is the
industry's first Power Array, a unique solution offering redundancy,
scalability and serviceability.
1998
· APC purchases Silcon
A/S, a manufacturer of 3-phase UPS systems, providing entry into the market for
data center and facility applications.
· APC revenues top the
billion-dollar mark, making it the first company primarily focused on UPSs to
reach this revenue milestone.
1999
· APC introduces
PowerShield, addressing the growing broadband needs of cable and fixed wireless
applications to the home.
2000
· APC is ranked among the
Fortune 1000 for the first time and is added to the prestigious S&P 500
Index.
· APC completes three
strategic acquisitions which provide entry into new incremental markets
including: the DC-power market for communications equipment; the cable and
connectivity market for home and business IT applications; and the precision
cooling market for data centers and communications equipment.
2001
· APC expands its
broadband power offering with acquisition of networking power products from
ARRIS.
2002
· APC is named to the
NASDAQ-100 Index, which is composed of the 100 largest non-financial
stocks on the NASDAQ stock market.
· APC revolutionizes data
center power with the first piece of its network-critical physical
infrastructure (NCPI) architecture, PowerStruXureTM.
2003
· APC introduces the
TravelPower™ Case to immediate acclaim. It is the first case designed
with integrated charging electronics.
· APC introduces
InfraStruXureTM, expanding on the unique architecture of APC's
PowerStruXure to integrate power, cooling, racks, management and service into
an open, adaptable and integrated solution. InfraStruXure is immediately
recognized, winning nearly 20 awards worldwide.
· On July 22, APC
celebrates 15 years as a public company marking the anniversary of its initial
public offering (IPO) held on July 22, 1988.
2004
· APC adds
additional cooling systems as well as on-site power generation to the
growing InfraStruXure family.
· APC wins more than 100
awards worldwide during 2004 for its products and business excellence.
2005
· In 2005, APC expanded
its overall NCPI offering with the acquisition of Netbotz, an early stage
technology company that addresses a leading concern of network and data center
managers alike, specifically physical security of IT assets. Netbotz products
and technical expertise expand and enhance our NCPI offerings in the management
and security categories.
2006
· On March 11, 2006, APC
celebrated 25 years of excellence, marking its 25th anniversary since its
incorporation in 1981
APC's Vision
APC products ensuring availability wherever data is created, transmitted or stored.
APC's Mission
To create delighted customers by improving the manageability, availability and performance of information and communication systems through the rapid delivery of innovative solutions to real customer problems.
APC's Philosophy
To listen to our customers.
Their wants, needs and wishes are our strategic blueprint.
To justify our expenditures as they relate to our goals.
To quantify all aspects of our business in order to create benchmarks for
success.
To avoid bureaucracy.
Employees must make direct contributions to our goals.
To emphasize quality.
We believe that good enough never is.
To respond quickly and decisively to opportunity.
To create an environment where ideas are encouraged, recognized and rewarded.
To help employees grow personally and professionally.
To work together toward our goals and be rewarded together when they are
achieved.
To commit to leadership in every aspect of our business.
Contact Information
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CMT
REPORT [Corruption, Money laundering &
Terrorism]
The
Public Notice information has been collected from various sources including but
not limited to: The Courts, India Prisons Service, Interpol, etc.
1] INFORMATION
ON DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist organization
or whom notice had been received that all financial transactions involving
their assets have been blocked or convicted, found guilty or against whom a
judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court
Declaration :
No records exist to suggest that subject is or was the subject of any
formal or informal allegations, prosecutions or other official proceeding for
making any prohibited payments or other improper payments to government
officials for engaging in prohibited transactions or with designated parties.
3] Asset
Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record
on Financial Crime :
Charges or conviction registered
against subject: None
5] Records
on Violation of Anti-Corruption Laws :
Charges or investigation registered
against subject: None
6] Records
on Int’l Anti-Money Laundering Laws/Standards :
Charges or investigation registered
against subject: None
7] Criminal
Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation
with Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation
Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA
INFORM as part of its Due Diligence do provide comments on Corporate Governance
to identify management and governance. These factors often have been predictive
and in some cases have created vulnerabilities to credit deterioration.
Our
Governance Assessment focuses principally on the interactions between a
company’s management, its Board of Directors, Shareholders and other financial
stakeholders.
CONTRAVENTION
Subject
is not known to have contravened any existing local laws, regulations or
policies that prohibit, restrict or otherwise affect the terms and conditions
that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US
Dollar |
1 |
Rs.45.85 |
|
UK
Pound |
1 |
Rs.85.82 |
|
Euro |
1 |
Rs.58.62 |
SCORE &
RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
9 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
7 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
55 |
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 |