MIRA INFORM
REPORT
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Report
Date : |
06.06.2007 |
IDENTIFICATION DETAILS
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Name : |
GEMINI
COMMUNICATIONS LIMITED |
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Registered
Office : |
New No. 1 (Old No. 56), |
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Country
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Financials
(as on) : |
31.03.2006 |
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Date
of Incorporation : |
1995 |
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Com.
Reg. No.: |
18-30087 |
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CIN
No.: [Company
Identification No.] |
U3230TN1995PLC030087 |
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TAN
No.: [Tax
Deduction & Collection Account No.] |
CHEG02181E |
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Legal
Form : |
Subject is a public limited liability company. The company's
shares are listed on the Stock Exchanges. |
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Line
of Business : |
Leading designers and marketers of wireless and optical solutions
that facilitate a fundamental shift in access network design. |
RATING
& COMMENTS
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MIRA’s
Rating : |
Ba |
RATING
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STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum
Credit Limit : |
USD
1170000 |
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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 concern having satisfactory track.
Directors are reported as experienced, respectable & resourceful
businessmen. Their trade relations are fair.
Financial position is good. The
company is faring very well. It can be considered good for any normal business
dealings. It can be regarded as a promising business partners in a
medium to long run. |
LOCATIONS
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Registered
Office : |
New No. 1 (Old No. 56), |
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Tel.
No.: |
91-44-24996422/24984830/31/24670082/3 |
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Fax
No.: |
91-44-24995062 |
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E-Mail
: |
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Website
: |
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Branches
: |
Ø
59, Ø
37/3, Rukmalaya, 4th Ø
No. 5, Gandhi Nagar, 2nd Cross, Craw Ford,
Trichy – 620012, Ø
K-5, Ø
Kausthubham No. 55/5601, Near Krishnar Ambalam, Ernakulam,
Cochin – 682016, Kerala, India Ø
No. 302, Banjara Shanthi Apartments, Plot No.131, Street
No. 5, West Marred Pally, Secunderabad – 500026, Andhra Pradesh, India Ø
8-8/1A, Jothimani IIIam, Ø
E-605, Greater Kailash – II, Ø
Ø
Ø
Ø
Ø
Mumbai |
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Overseas Office : |
43, |
DIRECTORS
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Name : |
Mr. R. Vijaykumar |
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Designation
: |
Chairman and Managing Director |
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Name : |
Mr. R. Ramkumar |
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Designation
: |
Executive Director |
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Name : |
Mr. B. Sreekrishna |
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Designation
: |
Director (Operations) |
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Name : |
Mr. C. V. Bhaskar |
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Designation
: |
Director |
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Name : |
Mr. Shankar Chandran |
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Designation
: |
Director |
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Name : |
Mr. P. Kandaiah |
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Designation
: |
Director |
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Name : |
Mr. Easwaran Annamalai |
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Designation
: |
Director |
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Name : |
Mr. B Srinivasan |
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Designation
: |
Director (Technical) |
KEY
EXECUTIVES
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Name : |
Mr. V Narayanan |
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Designation
: |
Company Secretary |
MAJOR
SHAREHOLDERS
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Names of Shareholders |
No. of Shares |
Percentage of Holding |
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PROMOTERS' HOLDING |
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Promoters |
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Indian Promoters |
1427685 |
32.57 |
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Persons acting in concert |
219200 |
05.00 |
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Sub Total |
1646885 |
37.57 |
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NON-PROMOTER'S HOLDING |
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Institutional Investors |
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Mutual Funds and UTI |
1400 |
00.03 |
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Foreign Instutional
Investors |
7000 |
00.16 |
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Sub Total |
8400 |
00.19 |
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Others |
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Private Corporate Bodies |
607475 |
13.86 |
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Residential
Individual |
2112742 |
48.19 |
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NRIs |
7998 |
00.18 |
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Trusts |
500 |
00.01 |
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Sub Total |
2728715 |
62.24 |
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Grand Total |
4384000 |
100.00 |
BUSINESS
DETAILS
|
Line
of Business : |
Leading designers and marketers of wireless and optical
solutions that facilitate a fundamental shift in access network design. |
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Products
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GENERAL
INFORMATION
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No. of
Employees : |
200 |
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Bankers
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Ø
Bank of Ø
State Bank of |
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Facilities`: |
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Banking Relations : |
Satisfactory |
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Auditors
: |
CNGSN & ASSOCIATES Chartered Accountants Chennai |
CAPITAL
STRUCTURE
Authorised
Capital :
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No. of
Shares |
Type |
Value |
Amount |
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60,00,000 |
Equity Shares |
Rs. 10/- each |
Rs. 60.000 millions |
Issued,
Subscribed & Paid-up Capital :
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No. of
Shares |
Type |
Value |
Amount |
|
43,84,000 |
Equity Shares |
Rs.10/- each |
Rs. 43.840 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 |
43.840 |
43.840 |
36.840 |
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2] Share
Application Money |
0.000 |
0.000 |
0.000 |
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3]
Reserves & Surplus |
248.961 |
138.988 |
113.020 |
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4]
(Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH
|
292.801 |
182.828 |
149.86 |
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LOAN
FUNDS |
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1] Secured
Loans |
311.447 |
82.279 |
72.111 |
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2]
Unsecured Loans |
34.430 |
35.839 |
3.839 |
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TOTAL
BORROWING
|
345.877 |
118.118 |
75.95 |
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DEFERRED
TAX LIABILITIES |
0.000 |
0.000 |
11.236 |
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TOTAL
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638.678 |
300.946 |
237.046 |
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APPLICATION OF FUNDS
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FIXED ASSETS [Net Block]
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91.192 |
54.479 |
75.155 |
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Capital work-in-progress
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0.000 |
2.000 |
0.000 |
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INVESTMENT
|
0.000 |
0.000 |
0.000 |
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DEFERREX TAX ASSETS
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0.000 |
0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES
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Inventories
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159.124
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47.740
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32.718 |
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Sundry Debtors
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624.547
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195.856
|
144.255 |
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Cash & Bank Balances
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65.352
|
17.179
|
13.937 |
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Other Current Assets
|
18.345
|
13.137
|
4.648 |
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Loans & Advances
|
8.472
|
8.361
|
5.988 |
Total Current Assets
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875.84
|
282.273
|
201.546 |
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Less : CURRENT LIABILITIES & PROVISIONS
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Current Liabilities
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302.274
|
28.106
|
35.106 |
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Provisions
|
20.928
|
8.437
|
4.782 |
Total Current Liabilities
|
323.202
|
36.543
|
39.888 |
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Net
Current Assets
|
552.638
|
245.730
|
161.658 |
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MISCELLANEOUS EXPENSES
|
(5.152) |
(1.263) |
0.233 |
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TOTAL
|
638.678 |
300.946 |
237.046 |
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PROFIT & LOSS ACCOUNT
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PARTICULARS |
31.03.2006 |
31.03.2005 |
31.03.2004 |
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Sales
Turnover |
1261.647 |
|
503.547 |
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Other Income |
114.864 |
15.855 |
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Total
Income |
1376.511 |
725.486 |
503.547 |
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Profit/(Loss) Before Tax |
134.791 |
39.875 |
14.272 |
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Provision for Taxation |
17.319 |
(6.972) |
6.211 |
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Profit/(Loss) After Tax |
117.472 |
46.847 |
8.061 |
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Total
Imports |
39.750 |
19.965 |
21.439 |
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Expenditures : |
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Administrative Expenses |
40.150 |
19.015 |
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Raw Material Consumed |
1127.211 |
618.626 |
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Salaries, Wages, Bonus, etc. |
30.562 |
17.670 |
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Interest |
19.139 |
11.451 |
475.298 |
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Depreciation & Amortization |
21.480 |
15.159 |
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Other Expenditure |
3.179 |
15.159 |
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Total
Expenditure |
1241.721 |
697.080 |
475.298 |
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SUMMARISED
RESULTS
|
PARTICULARS |
|
31.03.2007 (Full year) |
|
Sales Turnover |
|
1412.600 |
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Other Income |
|
9.900 |
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Total Income |
|
1422.500 |
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Total Expenditure |
|
1163.000 |
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Operating Profit |
|
259.500 |
|
Interest |
|
49.800 |
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Gross Profit |
|
209.700 |
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Depreciation |
|
33.800 |
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Tax |
|
16.600 |
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Reported PAT |
|
159.300 |
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Dividend (%) |
|
200.000 |
KEY
RATIOS
|
PARTICULARS |
31.03.2006 |
31.03.2005 |
31.03.2004 |
||
|
Debt-Equity Ratio |
0.98 |
0.58 |
0.56 |
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Long Term Debt-Equity Ratio |
0.21 |
0.24 |
0.21 |
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Current Ratio |
1.59 |
2.37 |
2.02 |
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TURNOVER RATIOS |
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Fixed Assets |
11.48 |
6.35 |
4.22 |
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Inventory |
12.20 |
17.65 |
15.70 |
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Debtors |
3.08 |
4.17 |
3.13 |
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|
Interest Cover Ratio |
8.06 |
4.49 |
2.02 |
|
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|
Operating Profit Margin(%) |
13.90 |
9.36 |
11.74 |
|
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|
Profit Before Interest And Tax
Margin(%) |
12.20 |
7.22 |
5.65 |
|
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|
Cash Profit Margin(%) |
11.02 |
8.74 |
7.71 |
|
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|
Adjusted Net Profit Margin(%) |
9.31 |
6.60 |
1.62 |
|
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Return On Capital Employed(%) |
32.76 |
19.45 |
12.41 |
|
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Return On Net Worth(%) |
49.41 |
28.14 |
5.52 |
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LOCAL
AGENCY FURTHER INFORMATION
BUSINESS
OPERATIONS
Their
company is in the verge of a sea change, moving from a small company to a mid
sized company. The number of people employed has risen substantially from 150
in the year 2004-05 to more than 350 in 2005-06. A good mix of Government and
non Government revenues has given their company the much needed growth and
management of their cash flows which is of critical importance in managing a
communication company which is working capital intensive. They have a good
internal audit system and run ERP to manage their daily operations. They have
good internal controls which has been duly certified by their internal
auditors. As you may be aware their company is a ISO 9001 company and they
follow the best practices which ultimately enables them to work scientifically
and with precision there by increasing their revenues.
FUTURE
PROSPECTS
State
Wide Area Network which are funded by the Government of India will be a growth
enabler for the next couple of years. As per Government sources an estimated
Rs. 25000 Millions is sanctioned for states to get connected to the rural
villages to help the common man use the digital media for any and every
information that he may need.
RFID will
be the next big wave and their company is
The
Company is in the process of acquiring an US based company named Point Red
Technologies Inc engaged in manufacturer of wireless broadband equipments.
Their company is the only company in
COMPANY
PROFILE
Historically
the company has been giving solutions on.Networking and communication with
products of world famous companies like Cisco, Nortel, Avaya.etc. Today as they
specialize in solutions they have been adventurous in creating products on
their own in the RFID space. They have also got into Mergers & Acquisitions
for growing inorganically. The company specializes in creating infrastructure
for corporate, ISP, j Telcos, etc to cater to their networking and
communication needs.
INDUSTRY
PROFILE
Growth
wasn't the only story of 2004-05. Indian enterprise networking market witnessed
a number of other changes as well. Enterprises began to look at networking as a
strategic investment and networking and communications now appeared on many a
CEO's Agenda. This was also reflected in the increasing size and complexity of
the networking deals. The complexity of deals brought in more services revenue
for vendors and their partners. Network integrators too continued to change
track by focusing more on services.
Two
factors played a key role in the growth and expansion of enterprise networks.
One was the substantial drop in prices of PCs and laptops and the growing
ubiquity of networks, the other was the increasing desire among Indian
enterprises to compete at both domestic and international levels.
Driven by
a continuous adoption of technology across all verticals -service providers,
manufacturing, banking, BPO. education -the networking market including
services registered a 27 percent growth. As per V&D estimates, the total
market size was Rs. 63020 million. Registering a 29 percent growth, enterprise
networking equipment market reached Rs. 52610 million in 2004-05. Network
integration services including network management services grew by 19 percent
to reach Rs. 10410 million. Except for VSATs, storage, voice solutions, and
structured cabling, all other enterprise network equipment segments witnessed
more than 30 percent growth. The highest growth was registered by WLANs,
followed by modems and switches.
INDUSTRY
OUTLOOK
The
Network integration market is expected to gather steam in the current financial
year with more organizations going in for networking their businesses. All
verticals are expected to maintain their contribution to the integration
business.
On the
technology side, IP networks are already being rolled out and after year of
hype they might finally see convergence of voice, data, and video happening on
a single network. Bandwidth prices have crashed and they are expected to go
down further. So, band width intensive applications would be implemented and
for this networks would have to be made more resilient and secure. VoIP is also
expected to make inroads and conferencing equipments would be included in the
networking deals. High-speed networks, with multimedia applications running over
them, would be deployed.
On the
last-mile side, wireless networks and access points have proved their
usefulness, Deployment and implementations of Wi-fi on the last mile and WiMax
as the backhaul is expected to take place. However, Wi Fi deployment on the
existing networks would have an incremental effect on the revenue side. With
the government J taking up rural connectivity in a big way and wireless
networks having proved their efficiency in places like Mallapuram, more such
networks are expected to come up.
Educational
institutions with large campuses are also opportunity areas. Services go beyond
just maintenance of network. Consultancy and design of the networks would gain
traction. Remote management will remain the mantra for the years to come.
However, it would be wrong to derive from all this that equipment or hardware
sales would come down drastically. For services to exist, equipment has
to be
there. A build-operate - manage - transfer (BOMT) model is expected to evolve.
OPPORTUNITIES
AND THREATS
Their
opportunities are many, with RFID and SWAN apart from the regular inflow of new
corporate into
The next
big wave will certainly be in RFID and they believe that RFID will not just
replace Bar Codes but also value add in a lot of places which are virgin
markets for any technology.
Swan or
State Wide Area Networks are huge projects funded by the central Government to
assist states get connected till the rural villages.
Management Discussion & Analysis
Report
Their
threats are competition and Government policies. On the latter they are quite
sure that the Government cannot back track on its initiatives and on
competition they will have to continuously update their skill sets for them to
meet the competition, which they are currently doing religiously.
Fixed
Assets :
Land & Building :
Land
Building
(on
leasehold land)
Plant & Machinery :
Computer
Machinery
Plant
& Machineries
Software
Furnitures & Fixtures :
Xerox
Machine
Telephone
Furniture
& Fixtures
Electrical
Fittings
Modems
Office
Equipments
UPS
Dot
Matrix Printers
Vehicles, etc. :
Vehicles
Contingent
Liabilities not provided for as on 31st March, 2006 : NIL
Bank Guarantees
outstanding as on 31.03.2006 is Rs. 51.672 Millions.
There are
disputed income tax liabilities, which are in appeal before CIT and CIT (A)
total amounting to Rs. 2.445 millions. Considering the company's chance of
success in appeals the disputed amount are not provided for in the books of
accounts for the year ended 31.03.2006.
The
Central Excise department has made an order demanding a sum of Rs. 5.680
Millions against which the company has filed an appeal before CCE (A).
Considering the company's chance of success in appeal the disputed amount is
not provided for in the books of accounts for the year-ended 31.03.2006.
Based on
the expert opinion obtained, the Company has provided for tax on income
considering the exemption U/s. 80IC of 1.1 Act on the profits derived from
Himachal Pradesh branch. The provision for Income tax is based on the exemption
to be claimed on the said income.
Obtaining
of Confirmation of balances from Sundry Debtors, Sundry Creditors, Loans &
Advances, Deposits & Other Current Assets are under progress. In the
opinion of the Management, all current assets including Sundry Debtors, Loans
& Advances, Deposits and Other Current Assets are realizable in the
ordinary course of the business at the values stated.
Website Details :
Subject is the trusted partner in Network,
Network Security, LAN, WAN, E-Governance, ITeS, IT Strategic, IT Consulting and
Wireless domains for thousands of small and mid-size businesses worldwide.
Their solutions combine award-winning state of art LAN & WAN Designs,
LAN-WAN Solutions, ITeS Consulting Solutions, Data Center Design Solutions,
Security Consulting Solutions, Firewall / VPN Appliances, Anti-spyware,
Anti-virus, Anti-spam, Intrusion Prevention, URL filtering, Storage, Network
Supervision, Wireless & Telecom and RFID Solutions.
Every customer is a valuable customer and they
take enough time and top most care to understand, appreciate and design
solutions to suite the needs of individual customers.
SNAP SHOT
Widest Coverage of Products & Services in
Industry.
Amongst the TOP 10 Networking Companies in
First Manufacturer of RFID Systems in
18 offices, 68 Service locations, 2
International presence, 450 Staff, INR.1260 millions revenue.
More than 1000+ customers in
12 years of Success in serving customer needs in
Networking, Security, Wireless, Storage, RFID & other IT service areas.
SUBJECT'S PROFILE
Gemini Hi-Tech was set up as a partnership
company in 1991 to manufacture monochrome monitors. In 1995, subject took over
Gemini hi-Tech
Subject over the last 12 years has built up a
reputation of being one of the most innovative Networking companies in
Subject, has offices in 16 locations across the
country. They achieved a turnover of close to Rs.1260 Millions. 450 people work
for Gemini Communication across all these locations. Subject is a listed public
limited company in Mumbai, Delhi & Chennai stock exchanges. The company has
been consistently dividend paying for the last 8 years and financially very
healthy.
While all competing networking companies focus
on building LAN & WAN Infrastructure, Subject focuses its energies beyond.
Gemini is the only company that can provide comprehensive understanding of
Networks' performance built already or the ones getting built. They take pride
in qualifying themselves as a Network Evaluation company & not a Network
Installation or Integration company.
They won the Cisco Reseller of the Year Award -
2000; repeated it in 2001 & was nominated by Voice & Data Magazine as the
'Southern Raja of Networking'. They could take pride in being amongst the TOP
10 Networking companies in
Gemini brings varied expertise and experience of
implementing several projects in
GEMINI'S CHARTER:
Customers, by delivering IT solutions to improve
their products and services, their customer focus and thus their
competitiveness in the market.
Alliance partners, by working closely with
them to create win-win situations in all business associations.
Staff members, by creating the best work environment,
providing challenging assignments and opportunities to constantly update their
technical expertise.
Shareholders, by continuously increasing their return
on investment.
GEMINI TECHNOLOGY BASE:
Gemini has a strong
technology base to provide world-class solutions to their customers.
The following is a brief of such technology
areas where Gemini offers solutions:
Enterprise Convergence Group
4S Group
Technology Services Division
Wireless & Telecom
RFID
GEMINI STRENGTHS:
The organization's strength is derived from High
level consultancy & Project execution experience
Technical expertise
Their Clients
Experienced Management Team
Scaleable infrastructure
Quality commitment
High level consultancy & Project execution
experience
Gemini has a high level of technical consultancy
experience in Information Strategy Planning, Network & Information
Architecture, Business Process Re-engineering and Analysis & Design of
Information Systems. The Project execution experience includes System
Integration, Network design & development, Project Implementation &
Training.
Technical expertise
Their engineers are skilled professionals, which
reflect in their profiles. They ensure minimum downtime in IT systems. Their
Engineers are certified in the following areas
HP - Procurve Networking - Premium Solutions
Partner
Nortel - Bronze Partner
Commscope (Avaya ) - Certified Integrator &
Installer
Finolex - Certified Specialists
AMP - Network Installation Specialists
Netgear - Network Integrator3COM, HP - Gold
Partner
Paradyne - Business Partner
Tasman Networks - Distributor
Netgear, Allied Telesyn - Certified Engineers.
Watchguard - Solutions Partner
Sophos AV - Business Partner
Vfortress - Solutions Partner
EMC - Sales Associate
Computer Associates - Solutions Partner
Fluke Networks - Distributor
Converged Access - Distributor
Mitel Networks - Distributor
Vox Spectrum - Solutions Partner
Smart Bridges - Distributor
Aperto Networks - Distributor
CheckPoint Certified Engineers for Firewall
Installation & Trouble Shooting
Certified RF Specialists from PCOM & Wave
Wireless Networking
CCNA,CCDA,MCSE & CNE Engineers.
Their Clients
A detailed list of customers & their
appreciative reference about them would be given on request, across any
Industry segment & technology products.
Experienced Management Team
Their management team consists of professionals
with wide experience in the information technology industry. It includes
Managers with excellent track record, held senior positions in multinational IT
companies, specialized in international projects and global marketing exposure.
Their project managers have handled projects
with man-teams spread across different geographical locations. Many of their
senior professionals are members of various prestigious associations
Through the above-mentioned technical and
management expertise and Partnerships, Gemini has a cumulative experience in
the following sectors
E-Governance
Defense
Public Sector Units
Infrastructure
BFSI
Telecom
Education
Manufactory
IT/ITES
Healthcare
Hospitality
Transportation
Media & Publishing
Retail
Quality commitment
They have been practicing their own
organizational standards for service delivery and their activities. This also
enables them to evaluate, improve and motivate their people, processes,
projects and practices.
FINANCIAL HIGHLIGHTS
The Sales Income and the Profits for the last 3
years as per audited accounts would be furnished on request.
ORGANIZATIONAL STRUCTURE
The business is
organized in terms of 5 Strategic Business Units, as mentioned above, which are
highly focused, empowered, self-sufficient Business Units, with greater
ownership for activities and results. In order to dovetail these business Units
with the core competencies in the technologies, they follow a matrix structure.
Technical people belong to the Core Competency Group and are assigned to the
SBUs on a need basis. Thus, dynamic groups are formed with the necessary
expertise to implement the projects and at the end of the projects, the groups
are dispersed and the people are deployed back to the Core Competency Group.
GEMINI'S CULTURE & PEOPLE
ORIENTATION
At Gemini, they follow
the open work culture where considerable flexibility and freedom are given to
the people in order to bring out their best creativity and productivity. They
continuously give them opportunities for their skill development and exposure
to the new technologies, through internal and external training programs. They
provide inter-group mobility for optimal utilization of the experience and the
expertise of the people. They believe in and practice trust and transparency among
the people and the management.
SELECTION &
RETENTION OF PEOPLE
In the Information Technology industry, the
biggest challenge today is the selection and retention of people. The
management knows the aspirations of the young professionals and provides a
congenial atmosphere for them to work in the high technology areas and state of
the art development environment. Their HRD Group plans for the career
development of their people and offer challenging overseas assignments. They
are providing not only industry standard remuneration to their people, but also
plan for productivity-based incentives, service longevity bonus and employees
stock option for the achievers.
Management Profile
R VIJAY KUMAR: is one of the Founders
of the Subject, He graduated from
R RAM KUMAR: an Engineer in Computer Science with a
Post Graduate degree in Marketing Management and has spent 16 years in the industry.
He is also the Founding Director of the 12 year old subject, a company well
known in the Network Integration market space in
B SREE
B SRINIVASAN: Head-Support Services at subject, he has
been with Gemini since April 1995 and has over 13 years of experience in
Datacom /Networking industry having vast knowledge on LAN/WAN/Security/Wireless
& Telecom. He is responsible for development of technology and also
building a strong technical team to service customers with High Quality of
Service. He handles especially Large Wide Area/MMDS Wireless/ Wireline networks
& Telecom Products across the country for various prestigious customers. He
has undergone extensive technical training in diverse technologies from all
their leading principles.
Subsidiaries
PointRed looked beyond the standard assumptions
in wireless broadband equipment to develop a practical technology that enables
service providers to deploy a pay-as-you-grow network of cells. PointRed's
unique Cell IPT feature allows routing around obstacles and shadow areas to
increase potential subscriber coverage.
The MicroRed system is based on PointRed Telecom
industry leading cluster of configurable symmetric/ asymmetric rate limits to
each subscriber units, proprietary polling protocol offers high efficiency,
separate queues for voice and data packets, VLAN support, prioritizing the
traffic based on CoS 802.1P per packet. Operating in the 2.2, 2.3, 2.4, 2.5,
3.5 and 5.8GHz bands.
Website url : http://www.pointredtech.com
Gemini TRAZE RFID Pvt. Ltd. ("Gemini
Traze") is a wholly owned subsidiary of the 11-year old Gemini
Communication Ltd. ("GCL"). GCL is engaged in providing cutting edge
solutions in the networking and communication field and is among the top 10
System Integrators in
Gemini TRAZE is the first Company in
Gemini TRAZE has proven capabilities in the RFID
market, which is set to revolutionize Supply Chain Management and replace
traditional methods in product tracking. The Company has successfully completed
over 100 installations with as many clients worldwide.
Website url : http://www.traze.in
SANAT is the leading provider of scalable,
secure and simple storage solutions that meet the storage requirements of any
organization of any size and any type. The single most significant benefit
these organizations derive out of their solutions is that they
'pay-as-they-grow' for their storage requirements. In the shorter run, their
solutions reduce the storage cost of organizations by more than 50% and in the
longer run by more than 70%. Capacity purchases and related costs are also cut
up to 75% while storage administration and associated expenses are reduced by a
minimum of 80%.
Milestones
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1992 |
Feb - Gemini Communication Ltd incorporated, team strength of.
Gemini buys out the Monochrome Monitor manufacturing firm ‘ Gemini Hi-tech Computer
Co.’, which had produced close to 10000 monitors beginning from 1991. |
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Nov - Successfully goes through the Initial Public Offer. Opens
offices across |
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1996 |
(i) Quotes in Chennai & Delhi Stock Exchanges. |
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1997 |
(i) first company from |
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1998 |
(i) Widens scope of product & service offering |
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1999 |
(i) One of the first companies to start building Wireless ‘Last
Mile’ links for Internet |
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2000 |
(i) Opens office in Mumbai |
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2001 |
(i) build an Entrepreneurship concept within the organization to
allow Middle level |
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2002 |
(i) Established Delhi Branch |
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2003 |
(i) The Entrepreneurship concept starts to pay dividends. A core
team of 12 people |
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2004 |
(i) Profit centre concepts gains more precision. |
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2005 |
(i) Gemini turned 100million company with 450 people across
country. |
CMT
REPORT [Corruption,
Money laundering & Terrorism]
The Public Notice information has been collected from
various sources including but not limited to: The Courts,
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. 40.55 |
|
|
1 |
Rs. 80.89 |
|
Euro |
1 |
Rs. 54.89 |
SCORE
& RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP
CAPITAL |
1~10 |
6 |
|
OPERATING
SCALE |
1~10 |
6 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS
SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT
LINES |
1~10 |
6 |
|
--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 |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
YES |
|
--OTHER
MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
54 |
This
score serves as a reference to assess SC’s credit risk and to set the amount of
credit to be extended. It is calculated from a composite of weighted scores obtained
from each of the major sections of this report. The assessed factors and their
relative weights (as indicated through %) are as follows:
Financial condition (40%) Ownership background
(20%) Payment record (10%)
Credit history (10%) Market trend (10%) Operational size
(10%)
RATING
|
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the
strongest capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for
credit transaction. It has above average (strong) capability for payment of
interest and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet
normal commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight
in credit consideration. Capability to overcome financial difficulties seems
comparatively below average/normal. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and
principal sums in default or expected to be in default upon maturity |
Limited with full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be
exercised |
Credit not recommended |