MIRA
INFORM REPORT
|
Report Date : |
29.01.2006 |
IDENTIFICATION
DETAILS
|
Name : |
TELEXCELL
INFORMATION SYSTEMS LIMITED |
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Registered Office : |
33, Yusuf Sarai,
Green Park Extension, New Delhi – 110016 |
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Country : |
India |
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Financials (as on) : |
31.03.2006 |
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Date of Incorporation : |
27.09.1953 |
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Com. Reg. No.: |
55-55392 |
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CIN No.: [Company
Identification No.] |
U99999DL1993PLC055392 |
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IEC No.: |
0594036399 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
DELT03221B |
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Legal Form : |
A closely held public limited liability company |
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Line of Business : |
Traders, Dealers, Distributors and Importers of
Paradyne, Cisco, Zyxel, TP. Zinte, Zhone, NPC Lan. Also provides training and
services support to all clients |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD
95000 |
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Status : |
Satisfactory
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Payment Behaviour : |
Usually
Correct |
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Litigation : |
Clear |
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Comments : |
Subject
is a well – established company having satisfactory track records. Profit
margin is low. Trade relations are fair. Payments are usually correct and as
per commitments. The
company can be considered normal for business dealings at usual trade terms
and conditions. |
LOCATIONS
|
Registered/ Head /Ware house Office : |
33, Yusuf Sarai,
Green Park Extension, New Delhi – 110016, India |
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Tel. No.: |
91-11-2656 7291 /
2696 4070 / 2651 7120 / 2656 7454 |
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Mobile : |
91-9811077996 |
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Fax No.: |
91-11-2686 2081 /
2651 4091 |
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E-mail : |
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Website : |
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Area : |
4000
sq. ft. |
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Location : |
Owned |
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Branches
: |
F-2/9,
Okhla Industrial Area, Phase 1, New Delhi -110020, India Fax: 91-11-30851103 / 30884712 Email:
info@telexcell.com 301,
302 Maa Ashish Building, Mahalaxmi Temple Lane, Opposite Bhula Bai Desai
Road, Mumbai - 400026, Maharashtra, India 21H,
A.R.K Colony, Eldams Road, Alwarpet, Chennai - 600018, Tamil Nadu # 20,
Arihant Complex, 2nd floor, 1st Cross CKC Garden, Mission Road, Tel.:
91-80-22122325/29 No.
8/2/601/1/C-1, M.C.H., No. 451 Banjara Hills Road, No. 10, Hyderabad -500034,
Andhra Pradesh, India #1
Krupa Duplex, Behind Navneet House, Gurukul Road, Mem Nagar Also Located at : Kolkata, Kanpur
and Bhopal |
DIRECTORS
|
Name : |
Mr. J. Mahendar
Kumar Lalwani |
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Designation : |
Managing
Director |
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Address : |
B –
4/67, Safdarjung Enclave, New Delhi – 110026 |
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Date of Birth/Age : |
63
years |
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Qualification : |
Graduate
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Experience : |
15
years |
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Date of Appointment : |
10.10.1994 |
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Name : |
Mr. Tarun Lalwani |
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Designation : |
Director
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Address : |
B –
4/67, Safdarjung Enclave, New Delhi – 110026 |
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Date of Birth/Age : |
35
years |
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Qualification : |
Graduate
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Experience : |
10
years |
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Date of Appointment : |
01.04.1996 |
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Name : |
Mr. Mahendra
K Lalwani |
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Designation : |
Director
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Address : |
B –
4/67, Safdarjung Enclave, New Delhi |
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Date of Birth/Age : |
21.07.1965 |
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Date of Appointment : |
01.04.1996 |
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Name : |
Mr.
Prashant Chadda |
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Designation : |
Director
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Address : |
U – 9,
Green Park Extinction, New Delhi – 110016 |
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Date of Birth/Age : |
32
years |
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Qualification : |
M.B.A. |
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Experience : |
5
years |
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Date of Appointment : |
10.10.1994 |
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Name : |
Mr. H.
J. Lalwani |
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Designation : |
Director
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Address : |
B –
4/67, Safdarjung Enclave, New Delhi – 110026 |
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Date of Birth/Age : |
63
years |
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Qualification : |
Graduate
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Experience : |
20
years |
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Name : |
Mr.
Sanjeev Jain |
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Designation : |
Director
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Name : |
Mr.
Ritesh Goel |
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Designation : |
Director
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MAJOR SHAREHOLDERS
|
Names
of Shareholders |
No. of Shares |
|
Mr.
Sanjeev Jain |
1380000 |
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Mr.
Ritesh Goel |
570000 |
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Mr. J.
M. K. Lalwani |
440000 |
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Mr. H.
J. Lalwani |
440000 |
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Mr.
Tarun Lalwani |
440000 |
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Ms.
Prem Lata Lalwani |
220000 |
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Ms.
Amita Lalwani |
220000 |
BUSINESS DETAILS
|
Line of Business : |
Traders, Dealers, Distributors and Importers of
Paradyne, Cisco, Zyxel, TP. Zinte, Zhone, NPC Lan. Also provides training and
services support to all clients |
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Imports from : |
Singapore, USA, Taiwan and UK |
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Terms : |
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Selling : |
L/C,
Cash [30 / 60 days] |
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Purchasing : |
L/C
[90 days] |
GENERAL
INFORMATION
|
Suppliers : |
v AT
& T Paradyne, Singapore / USA v Pora
Corporation, Taiwan v Psion
Dacom, UK v
Xircom, USA |
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Customers : |
Wholesalers, Manufacturers, Retailers and
Government Bodies v HCL
Limited, India v NIIT
Limited, India v Hewlett
Packard India Limited, India v IBM Limited,
India v
CMC Limited, India |
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No. of Employees : |
60 |
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Bankers : |
v Karnataka
Bank Limited, K Block, Connaught Place, New Delhi-110001, India v
Bank of America, Barakhamba Road, New Delhi – 110
001, India |
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Facilities : |
Karnataka
Bank Limited : Credit Limit : Rs. 25.000 millions and L.C. : Rs. 35.000
millions |
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Banking Relations : |
Satisfactory
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Auditors : |
Jain S. Kumar and Associates Chartered Accountants |
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Address: |
B – 7/45, Safdarjung Enclave Extinction, New
Delhi – 110029 |
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Associates/Subsidiaries : |
v Maxcell
India (Private) Limited, India v
Net Axcess Solution Limited, India |
CAPITAL STRUCTURE
Authorised
Capital :
|
No.
of Shares |
Type |
Value |
Amount |
|
4000000 |
Equity
Shares |
Rs. 10/- Each |
Rs. 40.000 Millions |
Issued,
Subscribed & Paid-up Capital :
|
No.
of Shares |
Type |
Value |
Amount |
|
1950000 |
Equity
Shares |
Rs. 10/- Each |
Rs. 19.500 Millions |
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 |
19.500 |
10.000 |
10.000 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
4.300 |
3.000 |
2.364 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
23.800 |
13.000 |
12.364 |
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LOAN FUNDS |
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1] Secured Loans |
16.100 |
18.900 |
10.080 |
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2] Unsecured Loans |
11.300 |
5.500 |
8.137 |
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TOTAL BORROWING |
27.400 |
24.400 |
18.217 |
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DEFERRED TAX LIABILITIES |
1.100 |
0.000 |
0.000 |
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TOTAL |
52.300 |
37.400 |
30.581 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
11.500 |
5.800 |
5.262 |
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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INVESTMENT |
0.000 |
0.000 |
0.000 |
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DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
40.000
|
24.300 |
13.662 |
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Sundry Debtors |
60.400
|
28.500 |
14.105 |
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Cash & Bank Balances |
2.800
|
0.300 |
1.513 |
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Other Current Assets |
3.700
|
0.300 |
0.205 |
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Loans & Advances |
12.800
|
5.000 |
4.765 |
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Total Current Assets |
119.700
|
58.400 |
34.250 |
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Less : CURRENT LIABILITIES & PROVISIONS |
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Current Liabilities |
78.400
|
26.800 |
8.651 |
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Provisions |
0.700
|
0.300 |
0.310 |
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Total Current Liabilities |
79.100
|
27.100 |
8.961 |
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Net Current Assets |
40.600
|
31.300 |
25.289 |
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MISCELLANEOUS EXPENSES |
0.200 |
0.300 |
0.030 |
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TOTAL |
52.300 |
37.400 |
30.581 |
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PROFIT
& LOSS ACCOUNT
|
PARTICULARS |
31.03.2006 |
31.03.2005 |
31.03.2004 |
|
Sales Turnover [including other income] |
266.200 |
156.000 |
129.904 |
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Profit/(Loss)
Before Tax |
2.800 |
1.200 |
0.742 |
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Provision
for Taxation |
1.400 |
0.600 |
0.227 |
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Profit/(Loss)
After Tax |
1.400 |
0.600 |
0.515 |
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Import
Value |
246.600 |
139.200 |
N.A. |
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Total
Expenditure |
N.A. |
N.A. |
129.162 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2006 |
31.03.2005 |
31.03.2004 |
|
PAT / Total Income |
(%) |
0.52
|
0.38 |
0.39 |
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Net
Profit Margin (PBT/Sales) |
(%) |
1.05
|
0.76 |
0.57 |
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Return
on Total Assets (PBT/Total
Assets} |
(%) |
2.13
|
1.86 |
1.87 |
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Return
on Investment (ROI) (PBT/Networth) |
|
0.11
|
0.09 |
0.06 |
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Debt
Equity Ratio (Total
Liability/Networth) |
|
4.47
|
3.96 |
2.19 |
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Current
Ratio (Current
Asset/Current Liability) |
|
1.51
|
2.15 |
3.82 |
LOCAL AGENCY
FURTHER INFORMATION
As per Website Details
TelExcell was founded in 1993 by team of professionals whose core competence lies in Access technologies like TDM, IP and Wireless access with a focus on Telecommunications, digital transmission and wireless products and solutions. TelExcell is a technology-focused organization and they offer a 'one-stop' solution to all the Information Technology and Telecommunication needs.
Their core strengths lie in helping you install all kinds of TDM products like XDSL, Leased Line Modems, DSLAM’s, Switching and Routing, Network Integration and IP/TDM Wireless and designs no matter how complex and hence provide the complete integration needs of Corporate customers; ISPs, Telco’s, and Carriers worldwide.
Headquartered out of New Delhi and specialize in short and long-term turnkey contracts for services with a large pool of experienced operating engineering staffers, Network design engineers and business managers as needed.
TelExcell has more than 80 People who are Consultants; Advisors; Project Managers; Engineers and Technicians experienced and dedicated in technology support and have undertaken various projects in India, Sri Lanka. They specialize in System Integration, WAN products, Networking Solutions and have a product range to match a wide spectrum of WAN and LAN requirements/applications. A fully trained technical team of about 40 Engineers and 30 non-technical staff for providing quick and effective support to their customers is available at their resources.
“Their Success is Their People”. They, THE TEAM, blending experience and professionalism with a craving for innovation and zeal to achieve goals, form the backbone of TelExcell, A company that is a true solution Provider.
Their Commitment to provide the best possible services and products has enabled us to carve a niche for ourselves in the fiercely competitive arena of Information Technology.
“Their aim is to create a happy and well-connected world for tomorrow.”
Integration Projects
TelExcell has undertaken large integration projects in India for the following companies:
v Microsoft Wide Area Network
v Primus Telecommunications India Limited
v Deldsl Internet Private Limited - Reach Networks
v Indian Airlines and Indian Railway reservation Network
v TATA Consultancy Services Limited
v British School - Asian Development Bank
v Net4India - Spectranet - Bharti Airtel Limited
v The Times of India Group - Tata Infotech Limited
v AT&T Communications Services (India) Private Limited
CMT REPORT [Corruption, Money
laundering & Terrorism]
The
Public Notice information has been collected from various sources including but
not limited to: The Courts, India Prisons Service, Interpol, etc.
1] INFORMATION
ON DESIGNATED PARTY
No records exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court
Declaration :
No records exist to suggest that subject is or was the subject of any
formal or informal allegations, prosecutions or other official proceeding for
making any prohibited payments or other improper payments to government
officials for engaging in prohibited transactions or with designated parties.
3] Asset
Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record
on Financial Crime :
Charges or conviction registered
against subject: None
5] Records
on Violation of Anti-Corruption Laws :
Charges or investigation registered
against subject: None
6] Records
on Int’l Anti-Money Laundering Laws/Standards :
Charges or investigation registered
against subject: None
7] Criminal
Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation
with Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation
Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA
INFORM as part of its Due Diligence do provide comments on Corporate Governance
to identify management and governance. These factors often have been predictive
and in some cases have created vulnerabilities to credit deterioration.
Our
Governance Assessment focuses principally on the interactions between a
company’s management, its Board of Directors, Shareholders and other financial
stakeholders.
CONTRAVENTION
Subject
is not known to have contravened any existing local laws, regulations or
policies that prohibit, restrict or otherwise affect the terms and conditions
that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US
Dollar |
1 |
Rs.44.24 |
|
UK
Pound |
1 |
Rs.86.95 |
|
Euro |
1 |
Rs.57.33 |
SCORE &
RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
45 |
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 |
|