MIRA
INFORM REPORT
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Report Date : |
10.04.1990 |
IDENTIFICATION
DETAILS
|
Name : |
TELEDATA INFORMATICS LIMITED |
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Registered Office : |
No.2 AB, Gee Gee Emerald, 151, Village Road, Nungambakkam, Chennai-600
034, Tamilnadu |
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Country : |
India |
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Financials (as on) : |
31.03.2006 |
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Date of Incorporation : |
10.04.1990 |
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Com. Reg. No.: |
19024 |
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CIN No.: [Company
Identification No.] |
U72300TN1990PLC019024 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
CHET02682B |
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Legal Form : |
A public limited liability company. Company’s Shares are listed on
Stock Exchange. |
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Line of Business : |
Subject is a global software solutions company
providing enterprise-wide solutions for the Marine, Education, Utility and
Telecom sectors. |
RATING &
COMMENTS
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MIRA’s Rating : |
A |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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 |
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Maximum Credit Limit : |
USD 30000000 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a well
established and reputed company having fine track. The company is progressing
well. Directors are reported as experienced and respectable businessmen.
Trade relations are reported as fair. Business is active. Payments are
usually correct and as per commitments. Fundamentals are
strong and healthy. The company can
be considered normal for business dealings at usual trade terms and
conditions. The company can
be regarded as a promising business partner in a medium to long-run. |
LOCATIONS
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Registered Office : |
No.2AB, Gee Gee Emerald, 151, Village Road, Nungambakkam, Chennai-600
034, Tamilnadu, India |
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Development
Center / Factory : |
Om Sakthi Plaza, New No.7/ Old No.226, Kilpauk Garden Road, Kilpauk,
Chennai-600 010 |
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Global Delivery
Center : |
1/2, Cambridge Main Road, 2nd Cross, G.R. Complex, Ulsoor, Bangalore
-560 008. |
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Branches : |
Located at : Ø Mumbai Ø Pondicherry Ø Meghalaya Ø Bangalore Ø Nagaland Ø Orissa Ø Kolkatta Ø Patna Ø Itanagar Ø Hongkong Ø Muscat Ø Vietnam Ø Amsterdam Ø Dubai Ø New York |
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Global Network Offices : |
Located at : India: Chennai, Bangalore, New Delhi,
Mumbai, Calcutta, Ahmedabad, Kohima, Patna, Bhubaneshwar, Pondicherry and
Itanagar. North America:
White Plains (NY), Iselin, Princeton (NJ), Chicago, Schaumburg, Naperville
(IL), Wilton (CT), Irving (TX), Walnut Creek, Santa Clara, Long Beach (CA),
Houston (TX), Roanoke (VA),and Seattle (WA) Canada, Mexico, Miami. Central America :
Puerto Rico, Costa Rica, Dominican Republic. Europe:
Athens, Amsterdam, London, Paris, Rome, Netherlands, Dublin, UK, Germany,
Poland, Russia, Spain, Turkey, UK, Austria, Belgium, Croatia. Middle East:
Dubai and Muscat. South Asia:
Bangladesh, Pakistan, Sri Lanka. South East Asia:
Singapore, Bangkok, Jakarta and Ho Chi Minh. Far-East:
Shanghai, Hong Kong, China, Japan, Korea, Malaysia, Singapore, Taiwan,
Thailand. New Zealand:
Wellington, Auckland. Australia:
Sydney. Africa :
South Africa, Ukraine, Morocco. |
DIRECTORS
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Name : |
Gp. Capt. K. Balasubramanian, IAF (Retd.) |
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Designation : |
Chairman |
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Qualification : |
Graduate Mechanical Engineer, M.Sc (Engineering Cranfield
-U.K), and an M.B.A from Madurai Kamraj University |
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Name : |
Mr. K. Padmanabhan |
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Designation : |
Managing Director |
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Qualification : |
Post Graduate Mechanical Engineer and Certified Chief
Engineer in Merchant Ships |
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Name : |
Mr. N. Sakthivel |
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Designation : |
Director |
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Qualification : |
Graduate Mechanical Engineer and Certified First Class
(Motor) Engineer |
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Name : |
Mr. M. Seetharaman |
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Designation : |
Director |
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Qualification : |
Bachelor of Arts, B.Com and a Bachelor of General Law |
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Name : |
Mr. R. Ravichandran |
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Designation : |
Director |
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Qualification : |
Graduate Mechanical Engineer |
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Name : |
Mr. V. N. Seshagiri Rao |
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Designation : |
Director |
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Name : |
Mr. M. S. Ramakrishnan |
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Designation : |
Director |
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Qualification : |
Post Graduate in Commerce |
KEY EXECUTIVES
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Name : |
Mr. N. Ramanathan |
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Designation : |
Company Secretary |
SHAREHOLDING
PATTERN
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Names of Shareholders |
No. of Shares |
Percentage of
Holding |
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Shareholding of Promoter and Promoter Group2 |
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Indian |
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Individuals/ Hindu Undivided Family |
4910380 |
2.86 % |
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Central Government/ State Government(s) |
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Bodies Corporate |
19700000 |
11.48 % |
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Public shareholding |
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Institutions |
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Financial Institutions / Banks |
243350 |
0.14 % |
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Central Government/ State Government(s) |
500 |
0.00 % |
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Foreign Institutional Investors |
2592308 |
1.51 % |
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Foreign Venture Capital Investors |
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Non-institutions |
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Bodies Corporate |
25970067 |
15.13 % |
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Individuals -i. Individual shareholders holding nominal share
capital up to Rs 0.1 Millions |
57029007 |
33.22 % |
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ii. Individual shareholders holding nominal share capital in excess of Rs. 0.1
Millions |
38535835 |
22.45 % |
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Clearing member |
3979533 |
2.32 % |
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Trusts |
8700 |
0.01 % |
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Shares held by Custodians and against which Depository Receipts have been
issued |
18700000 |
10.89 % |
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Total
|
171669680 |
100.00 % |
BUSINESS DETAILS
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Line of Business : |
Subject is a global software solutions company
providing enterprise-wide solutions for the Marine, Education, Utility and
Telecom sectors. |
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Products : |
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GENERAL
INFORMATION
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Customers : |
Ø
Chartworld Shipping Corporation Ø
MSC Ship Management HK Limited Ø
Anglo-Eastern (UK) Limited Ø
Qatar Shipping Co Ø
Public schools of Tarrytowns Ø
Regis High School Ø
Chapel Hill-Chauncy Hall School Ø
Masterbulk PTE Limited |
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No. of Employees : |
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Bankers : |
State Bank of India Overseas Branch, Rajaji Salai, Chennai-600 001, Tamilnadu, India |
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Facilities : |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
Gopal & Murthi Chartered Accountants 48, Luz Church Road, Mylapore, Chennai-600 004, Tamilnadu, India LEGAL ADVISOR Mr. R. Ramanlaal 143, Law Chambers, High Court Buildings, Chennai-600 104, Tamilnadu,
India |
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Subsidiaries : |
Ø Bitech
International Ptc Limited, Singapore Ø Transworld Information
Systems Inc., USA |
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Associates : |
Ø Teledata Marine
Systems Pte, Limited, Singapore |
CAPITAL STRUCTURE
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
21,00,00,000 |
Equity Shares |
Rs 10/- each |
Rs. 2100.000 Millions |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
|
15,39,69,080 |
Equity Shares |
Rs 10/- each |
Rs. 1539.691
Millions |
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Add : |
Forfeited shares |
|
Rs. 0.014
Millions |
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Total |
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Rs. 1539.705 Millions |
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FINANCIAL DATA
[all figures are in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2006 |
31.03.2005 |
31.03.2004 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
1539.705 |
378.605 |
288.600 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
6334.854 |
1510.403 |
539.800 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
7874.559 |
1889.008 |
828.400 |
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LOAN FUNDS |
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1] Secured Loans |
859.455 |
98.631 |
11.300 |
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2] Unsecured Loans |
54.012 |
2.135 |
7.200 |
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TOTAL BORROWING |
913.467 |
100.766 |
18.500 |
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DEFERRED TAX LIABILITIES |
6.079 |
2.869 |
0.000 |
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TOTAL |
8794.105 |
1992.643 |
846.900 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
1338.906 |
215.992 |
251.200 |
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Capital work-in-progress |
0.000 |
0.000 |
80.500 |
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INVESTMENT |
4419.397 |
520.733 |
12.300 |
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DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Interest Accrued on Term Deposits |
74.564
|
0.084 |
29.100 |
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Sundry Debtors |
1557.229
|
728.225 |
247.000 |
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Cash & Bank Balances |
2528.116
|
750.592 |
253.900 |
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Other Current Assets |
0.000
|
0.000 |
0.000 |
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Loans & Advances |
319.750
|
225.411 |
126.600 |
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Total
Current Assets |
4479.659
|
1704.312 |
656.600 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Current Liabilities |
1443.857
|
448.666 |
149.100 |
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Provisions |
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|
6.000 |
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Total
Current Liabilities |
1443.857
|
448.666 |
155.100 |
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Net Current Assets |
3035.802
|
1255.646 |
501.500 |
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MISCELLANEOUS EXPENSES |
0.000 |
0.272 |
1.400 |
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TOTAL |
8794.105 |
1992.643 |
846.900 |
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PROFIT & LOSS
ACCOUNT
|
PARTICULARS |
31.03.2006 |
31.03.2005 |
31.03.2004 |
|
|
Sales Turnover |
5655.805 |
2320.068 |
599.500 |
|
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Other Income |
109.727 |
[18.266] |
0.500 |
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Total Income |
5765.532 |
2301.802 |
600.000 |
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Profit/(Loss) Before Tax |
1239.522 |
757.072 |
49.800 |
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Provision for Taxation |
5.843 |
1.874 |
4.500 |
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Profit/(Loss) After Tax |
1233.679 |
755.198 |
45.300 |
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Earnings in Foreign Currency : |
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Export Earnings |
5621.470 |
2071.590 |
NA |
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Dividend Income |
0.360 |
-- |
NA |
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Total Earnings |
5621.830 |
2071.590 |
NA |
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Imports : |
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Software Purchase |
3898.910 |
547.690 |
NA |
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Total Imports |
3898.910 |
547.690 |
NA |
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Expenditures : |
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Power & Fuel Cost |
3.600
|
1.100
|
1.700
|
|
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Other Manufacturing Expenses |
3152.000
|
1230.500
|
126.100
|
|
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Employee Cost |
120.800
|
28.600
|
20.000
|
|
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Selling and Administration
Expenses |
218.100
|
63.800
|
40.100
|
|
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Miscellaneous Expenses |
267.400
|
48.500
|
138.600
|
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Interest & Financial Charges
|
18.000
|
7.500
|
6.900
|
|
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Depreciation |
746.100
|
184.800
|
216.800
|
|
Total Expenditure |
4526.000 |
1564.800 |
550.200 |
|
QUARTERLY RESULTS
|
PARTICULARS |
30.06.2006 |
30.09.2006 |
31.12.2006 |
|
Type |
1st
Qtr |
2nd
Qtr |
3rd
Qtr |
|
Sales
Turnover |
1486.000 |
2651.700 |
3101.500 |
|
Other
Income |
51.200 |
19.000 |
4.500 |
|
Total
Income |
1537.200 |
2670.700 |
3106.000 |
|
Total
Expenditure |
976.100 |
1768.800 |
2101.000 |
|
Operating
Profit |
561.100 |
901.900 |
1005.000 |
|
Interest |
10.900 |
5.200 |
16.600 |
|
Gross
Profit |
550.200 |
896.700 |
988.400 |
|
Depreciation |
166.700 |
166.700 |
166.800 |
|
Tax |
1.200 |
1.200 |
1.300 |
|
Reported
PAT |
382.300 |
728.800 |
820.300 |
Notes
200606
Quarter 1 –
Expenditure Includes Software Contents Purchased Rs 928.018
million Staff Cost Rs 21.448 million Administration, Selling and other expenses
Rs 26.603 million Tax includes provision for Current Tax Rs 1.000 million Fringe
Benefit Tax Rs 0.200 million EPS is Basic & Diluted Status of Investor
Complaints for the quarter ended June 30, 2006 Complaints Pending at the
beginning of the quarter 04 Complaints Received during the quarter 49
Complaints disposed off during the quarter 51 Complaints unresolved at the end
of the quarter 02 1. The above Unaudited Financial Results were taken on record
by the Board of Directors at their meeting held on July 28, 2006. 2. The cross
effects of consolidated the business of newly acquired companies show up in the
trends and thus there is continues surge in the turnover and profits of the
Company. 3. The Company has received orders for INR 394.250 Millions from West
Bengal State Education Department for 447 schools for providing computers education
services in the distinct of Burewan, Bankura, Kolkatta. 4. The Company has
received orders for INR 123.600 Millions from Government of Arunachal Pradesh
for 154 schools for providing computer education services across the state. 5.
Teledata has bagged an order from the State Council of Education Research &
Training, Nagaland to impairment ICT (Information and Communication) project
for all the secondary & Higher Secondary schools in the state of Nagaland.
6. The Company has acquired 80% stake in I-Max Network Limited, London Through
its Subsidiary. 7. The Company has operates in one segment i.e. (Software
Products). 8. Previous year figures have been regrouped wherever necessary. 9.
In view of number of acquisition made by the company during the last 4
quarters, Consolidated figures (YoY)are not comparable. K Padmanabhan Managing
Director
200609
Quarter 2 –
Expenditure Includes Software Contents Purchased Rs 1527.318
million Staff Cost Rs 25.688 million Administration, Selling and other expenses
Rs 215.698 million Tax includes provision for Current Tax Rs 1.000 million
Fringe Benefit Tax Rs 0.200 million EPS is Basic & Diluted Status of
Investor Complaints for the quarter ended September 30, 2006 Complaints Pending
at the beginning of the quarter 02 Complaints Received during the quarter 77
Complaints disposed off during the quarter 76 Complaints unresolved at the end
of the quarter 03 1. The Above Unaudited Financial Results were reviewed by the
Audit Committee and taken on record by the Board of Directors at their meeting
held on October 28, 2006. 2. During the quarter, the company has allotted
177,00,000 Equity Shares on preferential basis to promoters on August 23, 2006.
3. During The quarter, the company has allotted 250,00,000 convertible preferential
warrants to promoters on August 23, 2006. 4. The 15th AGM of Company was
conducted on September 28, 2006 and M/s. Chaturvedi and Shah, Chartered
Accountants was appointed as Statutory auditors of the Company 5. The Board has
approved the composite scheme of arrangement for demerging the company's marine
division and technology division and composite scheme is being fired with
Bombay Stock Exchange Limited and National Stock Exchange for their approval
after which the composite scheme will be filed with the Honourable High Court,
Madras 6. Provision for tax will be considered by the Company at the end of the
financial year. 7. Previous year figures have been regrouped where ever
necessary.
200612
Quarter 3 –
Expenditure Includes Software Contents Purchased/Direct Cost
Rs 1865.032 million Staff Cost Rs 25.068 million Administration, Selling and
other expenses Rs 210.871 million Tax includes provision for Current Tax Rs
1.000 million Fringe Benefit Tax Rs 0.270 million EPS is Basic Status of Investor
Complaints for the quarter ended December 31, 2006 Complaints Pending at the
beginning of the quarter 03 Complaints Received during the quarter 273
Complaints disposed off during the quarter 271 Complaints unresolved at the end
of the quarter 05 1. The Above Unaudited Financial Results were reviewed by the
Audit Committee and taken on record by the Board of Directors at their meeting
held on January 31, 2007. 2. During the quarter the Company has signed a MOU
with eSys Technologies Pte Limited, Singapore towards subscribing to the share
capital of the Company. 3. The Company filed the composite scheme of
arrangement with the stock exchanges regarding the hiving off of Marine and
Technology Division and got their NOC for the scheme and filled the scheme with
the Honourable High court of Madras during December 2006 and further approved
by shareholders of the Company on January, 19, 2007. 4. The financial details
of the Company have been considered in entirety pending sanction of Honourable
High court of Madras to the composite Scheme of Arrangement of the Company. 5.
During the quarter The performance of all the subsidiaries of the Company were
reviewed by the Board of Directors of the Company at the meeting held on
November 28, 2006. 6. The Company has been appraised at CMMI SW/SE Maturity
Level 5. The assessment covers Marine, Educational and Utility sectors of the
Company. 7. During the quarter, Company has signed an MOU with the Government
of Madhya Pradesh to provide rural wireless broadband connectivity. This
project is expected to bring in revenue of Rs 600.00 million per Annum to the
Company over a period of 5 years. 8. Previous year figures have been regrouped
wherever necessary.
KEY RATIOS
|
PARTICULARS |
31.03.2006 |
31.03.2005 |
31.03.2004 |
|
Debt-Equity
Ratio |
0.10 |
0.04 |
0.05 |
|
Long
Term Debt-Equity Ratio |
0.00 |
0.00 |
0.04 |
|
Current
Ratio |
2.14 |
3.29 |
4.15 |
|
TURNOVER
RATIOS |
|
|
|
|
Fixed
Assets |
3.12 |
2.88 |
0.89 |
|
Inventory |
0.00 |
159.46 |
32.96 |
|
Debtors |
4.95 |
4.76 |
2.18 |
|
Interest
Cover Ratio |
69.86 |
101.95 |
22.19 |
|
Operating
Profit Margin(%) |
35.43 |
40.92 |
61.70 |
|
Profit
Before Interest And Tax Margin(%) |
22.23 |
32.96 |
25.54 |
|
Cash
Profit Margin(%) |
35.00 |
40.52 |
59.10 |
|
Adjusted
Net Profit Margin(%) |
21.81 |
32.55 |
22.94 |
|
Return
On Capital Employed(%) |
23.34 |
53.94 |
19.78 |
|
Return
On Net Worth(%) |
25.27 |
55.58 |
18.56 |
STOCK PRICES
|
Face Value |
Rs.10.00/- |
|
High |
Rs.58.20/- |
|
Low |
Rs.56.20/- |
LOCAL AGENCY
FURTHER INFORMATION
Fixed Assets
Ø Land
Ø Building
Ø Computer & Accessories
Ø Furniture &
Fixtures
Ø Vehicles
Ø Office Equipments
Ø Software Product
Ø Development
History
Teledate informatics Limited is a global software solutions company
providing enterprise-wide solutions for the Marine, Educational and Utility
sectors. The company was founded by K Padmanabhan, a marine Engineer by
profession and his associates in 1990 and since then, the company has emerged
as a global leader in its markets. Intially it was unable to establish a strong
presence in the overseas market but, the company overcame the deficiencies in
the year 2001-2002 by entering into a MOU with Tele data Marine Systems LLC and
Teledata Systems and Services, USA for marketing companies products as Agents .
The major clients of the company are Chartworld Shipping Corporation, MSC Ship
Management HK Limited, Anglo-Eastern (UK) Limited, Qutar Shipping Co, Public
schools of Tarrytowns, Regis High School, Chapel Hill-Chauncy Hall School,
Masterbulk PTE Limited and Salamis Tours Limited
Transworld Information Systems Inc, USA, Bitech International L.L.C Dubai
U.A.E, Bitech International Pte Limited, Singapore and Insoft Systems Pte
Limited are the subsidiaries of the company
The companies plant is located at Nungambakkam, Chennai and its development
center at Kilpauk Chennai.
The company has received Certificate of Approval for ISO 9001-2000 from LRQA
Limited It has also obtained prestigious SEI CMM Level 3 certification. The
company is recognized and registered as a software developer by World Bank. It
is also registered with UNESCO for its services.
During 2000-01, the company officially launched the flagship product, Ship
Manager version 6.0. which is now started making strong presence in the
marin/shipping industry across the globe.
Web-based Software namely, WebEIM was officially launched in 2002. WebEIM was
installed in Dalton School, United States in the same year.
During 2003-2004, the company came out with a Rights Issue of Shares in the
ratio of 2:1 to fund the expansion needs of the company towards building better
infrastructure, strengthening the existing products, establishing overseas
branches, strengthening the market setup etc.,
Inorder to widen the companies marketing network and global reach, the company
has invested in Teledata Marine Systems Pte Limited, a Joint Venture company
promoted by Teledata and Marine Systems LLC, USA and The Economic Development
Board of Singapore, to market the company's marine products in the Far East
Market.
During 2004-2005, the companies educational software (WebEIM) expanded its
presence in the USA Market, and the company has acquired 52.67% stake in TIS
(Transworld Information Systems) based in USA which is providing IT Services
and solutions. The company acquired Bitech Dubai and Singapore operations. It
also acquired Insoft Systems in Singapore during this period.
The company met on December 28, 2005 and the Board appointed a committee under
the chairmanship of K Padmanabhan, Managing Director to work out the modalities
for the demerger of Software products and services Business and Marine Business
Activities.
The company also acquired 100% stake in Vanguard Technologies
Corporate
Vision
In the year 2004, the company embarked on a planned three-year orbital change
program to transform itself from a small local player to a strong global
player. In order to achieve this goal a few key objectives were outlined last
year. To enable the company to meet these objectives, considerable investments
were required; to build better infrastructure, to improve the quality of human
resources and to integrate a strong organizational structure.
During the third year of this planned growth, the company has been able to
achieve most of the objectives.
GDR Issues
In April 2005, the company came out with first issue of GDR's through Luxemberg
Stock Exchange at a value of USD 11 per GDR and the company in aggregate
collected USD 54.901 Million out of this issue. The underlying equity shares
were listed in NSE, BSE and MSE. The proceeds of the issue were utilized for
acquisition of the following overseas companies through its wholly owned
subsidary.
Vanguard Technologies,
Daan Consulting, USA
Netsol Technolgies, Thailand
The company came out with another issue of GDR's through Luxemberg Stock
Exchange at a value of USD 8.83 per GDR and the company in aggregate collected
USD 55.14 Million out of this issue. The underlying equity shares were listed
in NSE and BSE. The proceeds of the issue were utilized for acquisition of the
following overseas companies through its wholly owned subsidiaries.
Alphasoft Services Corporation, USA
Nemera International Company Limited, Thailand
SBC Data Systems Limited, Ireland
Picnic Marine Corp. Thailand
The company has applied for delisting its Equity shares from Madras Stock
Exchange, Chennai during the year.
Overseas Presence
The company's tie-up arrangement for marketing the marine and educational
software products through Teledata Marine Systems LLC , Teledata Marine Systems
Pte Limited, Singapore Teledata Systems and Services, USA has yielded positive
results during the year under review, which is reflected in the financial performance
of the company.
Lines of Business
Marine
The company has diversified its portfolio and extended its reach from just
marine IT solutions and products to becoming an industry pioneer in marine
elearning, education, ship owning and management Logistics.
Teledata's marine products are arguably the most extensive and comprehensive
application suites in the maritime industry. The company's flagship product,
ShipManager, is the industry's fastest growing fleet management software and is
now being adopted by many of the leading companies in the industry.
Over the past two years, they have established their selves as the maritime
industry's only online e-learning service provider. In order to diversify its
portfolio, the company has ventured into the ship owning and management space.
Picnic Marine's acquisition has propelled the expansion of ship owning and
management division. Picnic marine is a division of Picnic Corporation,
Thailand and owns 12 LPG vessels and an oil tanker. Becoming the global leader
in the product category.
Education
The Educational Products Division provides integrated software solutions to
schools and other educational institutions. Its product, WebEIM (Webbased
Educational Information Manager) is complete administrative software that can
be adapted for schools, districts, colleges or universities. Teledata, together
with the guidance of Ministry of Human Resources Development, Government of
India, has implemented large state-wide projects in Nagaland and Arunachal Pradesh
for improving the delivery and management of education in these states.
Utility
The Utility Systems Division provides software solutions to Power Generation,
Electric and Gas Distribution companies. Energy and utilities have been
identified as one of the global challenges in the years ahead. Teledata has
targeted this vertical as one of the key areas of growth and is committed to
making significant investments which is expected to yield results in the
future.
The company is focusing on providing value-added technology solutions in Energy
Loss Computation, Preventing Energy Thefts, and Phased Implementation coupled
with the state-of-the-art hardware & software technology. In addition, the
company is working towards establishing itself in the alternate energy sources
segment by owning and operating windmills.
Communication
Teledata is into the telecommunication arena and its subsidiary Insoft Systems
has confirmed its expansion in this space by growing its infrastructure in
Singapore and other countries. Teledata, through its subsidiaries, provides
telecom carrier services and specializes in IP telephony - VoIP, TDM &
Wireless communication.
Technology
The recent past has seen a consolidation of the enterprise solutions market
under two companies namely, Oracle and SAP. With the acquisition of JD Edwards,
Siebel and PeopleSoft, Oracle offers a complete, complementary, world-class set
of customer-centric applications.
Teledata's high-end IT services in ERP, CRM, Oracle, SAP, and JD Edwards
portfolio combines world-class business process capabilities with leading
technologies, and delivers business and operational excellence.
Agro Biotech
AgroBiotech Division specializes in horticulture, nursery development,
cultivation of medicinal plants and other crops.
It provides services relating to identification of suitable land, soil test and
water analysis, nursery practices, cultivation techniques and technology
transfer for the manufacture of Azadirachtin, a biochemical compound with several
applications in the pharmaceutical industry.
Quality Certifications
The company is strictly maintaining the quality standards and make constant
upgradation in its process and systems in line with the Quality Standards
recognitions achieved during the earlier years.The Company has got its product
WebEIM , SIF (School interoperability framework) certified during the year.
The company is continuously working towards upgrading the Capability Maturity
Model Level certification from 3 to CMM Level I from the Software Engineering
Institute of the Carnegie Melon Univerity USA.
Performance
During the year the company has achieved a turnover of Rs.10378.56
Million registering a growth of 205% compared to 2004-05. Similarly profit
before Tax has increased to Rs.1534.09 Million from Rs.878.81 Million in
2005-06. The company has earned cash profit of Rs. 2333.07 Million, as compared
to Rs. 1086.85 Million in the previous year.
MANAGEMENT DISCUSSION AND ANALYSIS
Overview
Teledata specialises in software solutions for the marine, education ,
Utilities and Web verticals. For the year ended 31 March, 2006, the company's
sales volume climbed to Rs.10378.57 millions as compared to Rs.3398.73 Millions
, thereby recording an annual growth of 205.37%. The financial performance of
the company on a consolidated basis including the turnover of Subsidiaries have
been taken for the purpose of this discussion. The subsidiaries has contributed
4722.77 Millions accounting for 45.51% of the total revenue.
Industry structure and developments
The year 2005 also witnessed the coming of age of the Indian IT multinationals,
with the traditionally Indiacentric, indigenous players beginning to build
noticeable presence in other locations through crossborder acquisitions,
onshore contract wins and organic growth in other low-cost locations. This was
complemented by global majors continuing to significantly ramp-up their
offshore delivery capabilities predominantly in India, vindicating the success
of the global delivery model and highlighting India's increasingly important
role in the new world IT order.
As Per Website
Vision
To position the company as a
leading technology solutions provider and be among the top 20 global IT companies
by 2010. To proactively grow and diversify into allied industries with new
world efficiencies and create an asset base, thereby offering a stable
environment to all the shareholders.
Mission
To globally excel in all their
business lines by way of focused innovation in software and services, team
excellence and constant customer care. To proactively grow and diversify, with
a clear vision to provide enhanced shareholder value – in an ethical,
professional and profitable manner.
Teledata Informatics Limited is a global software solutions
company providing enterprise-wide solutions for the Marine, Education, Utility
and Telecom sectors. Since its inception in 1990, the company has demonstrated
a first-rate growth to emerge as the global leader in its markets. With its
operations managed from 15 countries, Teledata Informatics Limited has acquired
a unique multinational character, which is being strengthened with its
ever-expanding global network of agents.
Teledata Informatics Limited has
received Certificate of Approval for ISO 9001-2000 from LRQA Limited It has has
been appraised at CMMI SW/SE Maturity Level 5. Achieving Level 5 acknowledges
Teledata's ability to offer the highest possible value to customers by
providing better requirement specification, more powerful design evaluation,
and enhanced quantitative project management techniques. As the framework
assesses an organization's ability to develop solutions tailored to the
business end-user, the Level 5 appraisal attests Teledata's deep capabilities
in architecting end-to-end, process-driven business solutions for their
clients. To continuously achieve success, Teledata blends superior knowledge of
complex information systems with domain expertise, delivering practical
solutions that generate tangible results.
With over 2600 employees
globally, Teledata is the only company in Asia to offer comprehensive Marine
software solutions. Their large customer base which includes many Fortune 500
companies stands testimony to their growth and success.
The company is recognized and
registered as a software developer by World Bank. Equity shares of the company
are listed at the BSE, NSE and GDRs are listed at the Luxembourg stock
exchange.
Teledata is one of the fastest
growing Indian companies and is proud to be one among the top 50 software
services providers globally.
Teledata Informatics Limited
brings together a team of technology, business and social visionaries who
provide direction to the company's executive management in a dynamic business
environment.
Board of Directors
Chairman
Gp. Capt. K. Balasubramanian IAF
(Retd.) is a Graduate Mechanical Engineer, M.Sc (Engineering Cranfield -U.K),
and an M.B.A from Madurai Kamraj University. He joined the Indian Air Force in
the year 1962 as Pilot officer and rose to the rank of Group Captain before his
retirement in 1994.He is currently Chairman of their company. He plays a key
role in defining the company strategy and in continuously using technology and
innovation to maintain its leadership of the industry.
Managing
Director
A Post Graduate Mechanical
Engineer and Certified Chief Engineer in Merchant Ships, K. Padmanabhan
believes in leading from the front with hands on approach to management and
problem solving. A veteran in the shipping industry for nearly 25 years, he was
the promoter of Teledata. His core competencies lie in software development and
managing people skills in large enterprises. His vision and dynamism has
propelled the company to be amongst the top 50 software companies in the world
today.
Directors
N. Sakthivel is a Graduate Mechanical Engineer and
Certified First Class (Motor) Engineer.
After serving as an Industrial
Engineer for two years with Trichy Productivity Council, he had undergone Marine
Engineering Training with Madras Port Trust. Subsequently, he joined a shipping
company and served in various capacities in different types of ships. He also
managed a ship repair firm that carried out a wide range of specialized ship
repairs and survey work.
He innovated the idea of closed
circuit television system in India and also successfully commissioned the CCTV
systems in Tamil Nadu for Indian Railways.
M. Seetharaman is a
Bachelor of Arts, B.Com and a Bachelor of General Law. He has managed several
schools for over 20 years and was the Honorary Secretary in a group of schools.
His vast experience in handling the administration of the schools has helped
the company in moulding its educational software.
R.
Ravichandran is a Graduate Mechanical Engineer and has served in large
process Industry in the maintenance and production wings for about 20 years. He
is well versed with the Software Industry and helps in transforming the
suggestions and feedback into the requirements specifications.
Mr. M S Ramakrishnan is a
Post Graduate in Commerce as well as Management. He is also certified associate
of Indian Institute of Bankers.
He has varied and rich
experience in the field of banking - Core banking, Branch Management, Credit
Management, Foreign Exchange Management, Marketing, Computerization, Control
etc., for more than two decades. For nearly three years Mr. M S Ramakrishnan,
was vice president of PNB Capital Services, a Merchant Banking subsidiary of
Punjab National Bank.
As a Merchant Banker, he
acquired rich experience in dealing with Capital markets - Project Appraisal,
Initial Public offer, Syndication, Mergers & Acquisition, and Restructuring
etc.
Business Network
Teledata Informatics Limited has
been practicing the "off-shore" development model from its early days
of inception. The company has thrived by establishing its software development
and day-to-day support from its development center in Chennai. The focus of the
global network of offices is to provide market research, solutions
implementation and on-site customer interaction.
Teledata
and its subsidiary eSys Technologies to set up Total Business Offshoring ( TBO)
unit in Chandigarh
- 2/28/2007
Chennai Based,
Teledata Informatics Limited, is a leading a
technology solutions provider with a vision to be among the top 20 IT companies
of the world. Teledata has recently invested 105 million US$ in eSys
Technologies and acquired 51% stake. Singapore headquartered eSys Technologies
is a Multinational with over 100 operations in more than 30 countries and has a
revenue of US $2 billion.
Teledata
along with its subsidiary eSys Technologies, is setting up a 6 acre TBO
facility in Rajeev Gandhi Chandigarh Technology Park (RGCTP) in Chandigarh. In
the first phase this facility will have a workforce of 500, which will
eventually be scaled up to 2000.
TBO is
a concept pioneered by eSys and it believes that technology innovators or brand
owners should focus on their core capabilities (which lie in R&D, Design, innovation,
Branding and Marketing) and outsource non core peripheral activities which are
transactional in nature to get higher efficiencies. Currently eSys utilizes its
centers in India and Singapore to carry this out.
Through
TBO, customers are offered a unique outsourcing proposition with a
comprehensive set of services including Global logistics & warehousing,
transactional services, sales support, reverse logistics and online B2B &
B2C operations, to be delivered with a combination of back office capabilities
and global infrastructure.
The
key innovation is in the seamless integration of all back office processes that
TBO is capable of. Such integration results in cost efficiencies and reaction
time that cannot be achieved with multiple unrelated BPO vendors. The company
believes that 'TBO' is going to be the concept of future and the market
potential is immense.
Teledata
Informatics Limited is a USD 234 million software solutions and services
company with global operations across 18 countries. Since its inception in
1990, the company has demonstrated a first-rate growth to emerge as the global
leader in its markets. Teledata is one of the fastest growing Indian
companies and is proud to be one among the top 50 software services providers
globally. Teledata mainly concentrates on the following verticals
Marine
Technologies
Education
Utilities
Networking & Communication and Agro BioTech
Teledata
is in the process of hiving off the two divisions namely Technology
and Marine and this process is likely to be completed by April'07.
Mr.Vikas Goel the current Chairman and Managing Director of eSys
Technologies has been awarded the Global Entrepreneour of the
year 2005, will be heading the Teledata Technology division of
Teledata after the hive off is completed.
About eSys Technologies
Incorporated
in the year 2000, Singapore headquartered eSys Technologies is a US $2 billion
Multinational with over 100 operations in more than 30 countries. With a global
leadership position in desktop Hard Disk Drive distribution and other
Technology products, eSys has successfully diversified into PC Manufacturing
and Business Process & IT Services. eSys has four advanced, automated PC
manufacturing facilities in Singapore, Los Angeles, Dubai and New Delhi, which
produce the world's best priced computers.
eSys
is among the fastest growing companies in the world across industries and
clearly the fastest growing IT Distribution Company globally. eSys has won
numerous awards like Best Enterprise, Best Entrepreneur (for its Chairman),
etc, apart from many industry awards, which have over the years validated eSys'
performance and success.
About
Teledata
Teledata
Informatics Limited is a 16 year old software and solutions company providing
enterprise-wide solutions for the Marine, Education, Telecom and Utility
sectors. Since its inception in 1990, the company has consistently demonstrated
its leadership, growth and excellence in delivering cutting-edge IT solutions
that focus on providing enhanced customer value through domain expertise.
Teledata's
commitment to quality is reflected by its ISO 9001-2000 certification from LRQA
Limited The company is also appraised at CMM Level 5 version 1.1 by the
software Engineering Institute.
With
over 2600 employees globally, Teledata is the only company in Asia to offer
comprehensive Marine software solutions. The Company's large customer base
which includes many Fortune 500 companies stands testimony to their growth and
success.
Equity
shares of the company are listed at the BSE, NSE and its GDRs are listed at the
Luxembourg stock exchange.
For
the quarter ended December 2006, Teledata posted a topline growth of 464% with
revenue stood at USD 283.69 Million as compared to USD 50.38 Million during the
previous year. The net income stood at USD 34.12 Million and the EPS at Rs.8.77
compared to an EPS of 4.44 ( YoY).
Teledata Informatics Limited
acquires 100% stake in Soltius Pte. Limited, Singapore
- 1/9/2007
Chennai,
January 9, 2007: Teledata Informatics Limited (BSE: 532358), the Chennai
based global software solutions company announced that it has signed a share
purchase agreement for acquiring 100% stake in Soltius Pte Limited, Singapore
through its wholly owned subsidiary, Bitech International LLC, Dubai.
Headquartered in Singapore,
Soltius is a Global IT solutions & Services Company that offers expertise
in areas of business solutions and services. With over 800 professionals on
board worldwide Soltius focuses on SAP projects and consultancy services. The
company’s industry-specific groups generate strategies rooted in a deep
understanding of the practices and processes that help identify appropriate
business solutions and services for various industries.
Speaking about the acquisition
and synergies with its existing business, Teledata’s Managing Director, Mr. K
Padmanabhan said: “With this acquisition, Teledata has secured a stronger
foothold in the SAP market , which will not only help to grow its existing
business , but will also open-up opportunities in the future”.
The operations of Soltius Pte Limited are spread across Australia,
Bangladesh, China, India, Indonesia, Singapore, Thailand, USA and UAE.and
offers solutions in the areas of:
- Customer Care & Billing Systems
- Enterprise Resource Planning
- Supply Chain Management
- B2B Integration
- Mobile Solutions
Soltius’s services include:
- Professional Services
- Bespoke Development
- System Integration
- Product Implementation
- ASP Offerings
- Outsourcing
Soltius delivers these solutions
in cooperation with leading product vendors, systems integrators, joint
marketers and technical partners whose products and services complement Soltius
solutions.
Soltius is targeting revenue of
USD 40 Million with a profitability of around USD 6 Million for the current
year.
Clients
Soltius’s customers include some
of the biggest names in the world such as Nestle, Epson, Astra International,
Bureau Veritas, Fuchs, Proctor & Gamble, Henkel, Honda, Telstra, IBM,
Telkom, Kabelvision and The Club Store.
Customer Care & Billing Systems (CCBS)
Soltius’s CCBS solution helps
utility companies manage all interactions via a Web-based application
environment for both the internal users and customers.
The CCBS solution offered by Soltius
caters to more than 5.2 million consumers, one of the largest in the world, in
Jakarta. This refined solution has been adopted by Teledata for power companies
and Teledata’s global marketing strength will multiply the customer base for
the solution.
Mr Harmeet Bindra and Mr Sachin
Agarwal, promoters of Soltius Technologies Pte Limited will be joining as
full-time directors in Teledata Technology Solutions Limited, post demerger.
About Teledata Informatics Limited:
Teledata Informatics Limited is
a global software solutions company providing enterprise-wide solutions for the
Marine, Educational and Utility sectors. Since its inception in 1990, the
company has demonstrated a first-rate growth to emerge as the global leader in
its markets. The company is recognized and registered as a software developer
by World Bank. Equity shares of the company are listed at the BSE, NSE and its
GDRs are listed at the Luxembourg stock exchange.
Revenue for the quarter ended
September 30, 2006 rose by 339 per cent to Rs 6343 Millions compared to the
corresponding period last year, which stood at Rs 1445 Millions. Net Profit for Q2FY07 surged by 170% to Rs
866 Millions from Rs 320 Millions in Q2FY06.
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.43.15 |
|
UK Pound |
1 |
Rs.85.22 |
|
Euro |
1 |
Rs.57.63 |
SCORE & RATING
EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
9 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
9 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
8 |
|
--LEVERAGE |
1~10 |
8 |
|
--RESERVES |
1~10 |
8 |
|
--CREDIT LINES |
1~10 |
8 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
YES |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
69 |
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 |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|