MIRA INFORM
REPORT
|
Report Date : |
18.06.2007 |
IDENTIFICATION
DETAILS
|
Name : |
DATACRAFT INDIA
LIMITED |
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Formerly Known as : |
DATACRAFT RPG
PRIVATE LIMITED |
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Registered Office : |
Unit No. 204 - 206, 2nd Floor,
Trade Centre Building, Kamala Mills Compound, Lower Parel, Mumbai – 400 013,
Maharashtra. |
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Country
: |
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Financials
(as on) : |
30.09.2005 |
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Date of Incorporation : |
13.12.1994 |
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Com. Reg. No.: |
11-83713 |
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CIN
No.: [Company
Identification No.] |
L72200MH1994PLC083713 |
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TAN
No.: [Tax
Deduction & Collection Account No.] |
MUMD04432B |
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Legal Form : |
Closely Held Public
Limited Liability Company. |
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Line of Business : |
Design, Development, Manufacturing,
Purchase, Sale and Lease of the products and to provide services such as
Training, Maintenance, Installation, Consultancy, Facility Management,
Outsourcing and systems integration in the area of information, communication
systems and comenter networking and computer hardware and software. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
RATING
|
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 3500000 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Datacraft India Limited is a well established
company engaged in manufacturing and marketing of Routers and Switches and
providing services in the area of information technology and
software/hardware training. The company’s business is progressing well. Trade
relations are reported as fair. Payments are usually correct and as per
commitments. It can be considered good for business dealings at usual trade
terms and conditions. |
LOCATIONS
|
Registered Office : |
Unit No. 204 - 206, 2nd Floor,
Trade Centre Building, Kamala Mills Compound, Lower Parel, Mumbai – 400 013,
Maharashtra, India |
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Tel. No.: |
91-22-24981212/2186/ 2616378 / 2623906 /
2673034/2673035/2616374/2619080 |
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Fax No.: |
91-22-2673036/2614916/24971818 |
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E-Mail : |
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Website : |
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Head
Office : |
Unit
no. 204-206, 2nd floor, Trade Centre, Kamala Mills Compound |
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Tel.
No.: |
(91) 22 2498 1212 |
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Fax
No.: |
(91) 22 2497 1818 |
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E-Mail
: |
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Website
: |
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Hulkul
Ascent,No. 80, 2nd Cross, |
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Tel.
No.: |
91- 80 2207 7000 (30 lines) |
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Fax
No.: |
91- 80 2207 7111 |
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E-Mail
: |
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51,
Okhla Industrial Estate - Phase III, |
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Tel.
No.: |
91 -11-2693 6800 |
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Fax
No.: |
91-11-2693 6801 |
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E-Mail
: |
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Chennai
Office : |
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Tel.
No.: |
91-44-28151174
/ 1175 |
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Fax
No.: |
91-44-28151173 |
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E-Mail
: |
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Kolkata
Office : |
Suite
Number 14, |
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Tel.
No.: |
91-33-2282 0040/41 |
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Fax
No.: |
91-33-2865 0165 |
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E-Mail
: |
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303 / 1
and 2, 3rd Floor, Black 1, White House, Kundan Bhagh, Begumpet, Hyderabad
– 500016 |
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Tel.
No.: |
91-40-55667706
/ 23416997 |
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Fax
No.: |
91-40-23408806 |
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E-Mail
: |
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Pune
Office : |
2nd
Floor, Sneh Leela |
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Tel.
No.: |
91-20-553 9141 |
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Fax
No.: |
91-20-553 0874 |
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E-Mail
: |
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Overseas Office : |
HEADQUARTERS Tel No. : (65) 6 322 6688 Fax No. : (65) 6 323 7933 Datacraft Asia Ltd Tel No. : (852) 2513 3168 Fax No. : (852) 2567 4268
Tel No. : (65) 6 842 3398 Fax No. : (65) 6 842 1638 Datacraft
China/Hong Kong Ltd - Hong Kong Tel No. : (852) 2513 3168 Fax No. : (852) 2567 4031 Datacraft
China/Hong Kong Ltd - Tel No. : (86) 10 8525 1108 Fax No. : (86) 10 8525 1126 Shanghai
Office Tel No. : (86)21 3222 0068 Fax No. : (86)21 5298 6001
Tel No. : (86) 20 8558 2553 Fax No. : (86) 20 8558 3908 Shenzhen
Office Tel No. : (86) 755 207 8511/2 Fax No. : (86) 755 207 8513
Tel No. : (86) 28 8619 8315/6 Fax No. : (86) 28 8619 8794
Tel No. : (86) 571 8527 1271-3 Fax No. : (86) 571 8527 1290 Datacraft Advanced Network Services Sdn Bhd Tel No. : (603) 2166 6363 Fax No. : (603) 2166 7728 Penang
Office Tel No. : (604) 647 2875 Fax No. : (604) 646 4299 Datacraft ( Tel No. : (662) 661 9777 Fax No. : (662) 661 9778 Datacraft Taiwan Ltd Tel No. : (886) 2 8761 3333 Fax No. : (886)2 2756 8686 PT Datacraft Tel No. : (62) 21 835 6422 Fax No. : (62) 21 835 6423 Datacraft ( Tel No. : (64) 4 470 1650 Fax No. : (64) 4 470 1666 Auckland
Office Tel No. : (64) 9 356 5680 Fax No. : (64) 9 356 5698
Tel No. : (632) 750 6885 - 7 Fax No. : (632) 750 6890 Datacraft Korea Inc. Tel No. : (82) 2 6256 7000 Fax No. : (82) 2 6256 7199 Daejun
Office Tel No. : (82) 42 487 4272 Fax No. : (82) 42 487 4273 Datacraft Japan Inc. Sumitomo Corporation Jinbocho
Building 6F Tel No. : (81) 3 3259 2222 Fax No. : (81) 3 3259 2390 Website: www.datacraft-japan.co.jp Datacraft Vietnam Ltd Tel No. : (84) 4 9435758 Fax No. : (84) 4 9435730
Tel No. : (84) 8 823 6749-50 Fax No. : (84) 8 825 7848 Training Partners Private Ltd Tel No. : (65) 6 225 9188 Fax No. : (65) 6 225 9288 Regional
Headquarters Tel No. : (852) 2513 3184 Fax No. : (852) 2567 4031
Tel No. : (82) 2 556 7327 Fax No. : (82) 2 556 7314 Malaysia Tel No. : (603) 2166-7113 Fax No. : (603) 2166-7112
Tel No. : (91) 80 2235 5145 / 6 / 7 Fax No. : (91) 80 2235 5319 managedservices@datacraft-asia.com Ř |
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Corporate Office : |
Dubash House, 4th
Floor, 15 J N Heredia Road, Ballard Estate, Mumbai – 400 001, |
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Tel. No.: |
91-22-2616378/2623906/2673034/2673035/2616374/619080 |
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Fax No.: |
91-22-2673036/2614916 |
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Branches : |
Located at: Ř
Unit No. 204-206, 2nd
Floor, Trade Centre, Kamala Mills Compound, Senapati Bapat Marg, Lower Parel,
Mumbai – 400013, Maharashtra, India Tel. No. 91-22-24981212 Fax No. 91-22-24971818 Ř
2nd Floor, Nandi, Tel. No. 91-80-5550227 Fax No. 91-80-5596181 E-mail : dcindia@datacraft-asia.com Ř
Tel No.
91-11-23315571/7657 Fax No. 91-11-23318566 E-mail: dcindia@datacraft-asia.com Ř
2-F, Lakshmi Bhavan, 2nd
Floor, No. 609, Tel. No. 91-44-28293084 Fax No. 91-44-28293239 E-mail : dcindia@datacraft-asia.com Ř
Suite No. 14, Tel. No.
91-33-22820040/41 Fax No. 91-33-28650165 E-mail : dcindia@datacraft-asia.com Ř
No.6-3-1216/142/S1, 2nd
Floor, Tel. No. 91-40-55667706 Fax No. 91-40-23408806 E-mail : dcindia@datacraft-asia.com Ř
2nd Floor, Sneh Leela,
1237, Tel. No. 91-20-5539141 Fax No. 91-20-5530874 E-mail : dcindia@datacraft-asia.com |
DIRECTORS
|
Name : |
Mr. Lynette Saldanha |
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Designation : |
Director |
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Name : |
Mr. Kong Seng Lim |
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Designation : |
Director (Foreign) |
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Name : |
Mr. Yan-Jy Chy Philip |
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Designation : |
Director (Foreign) |
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Address : |
56, |
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Date of Birth/Age : |
01.11.1954 |
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Date of Appointment : |
02.12.2002 |
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Name : |
Mr. William Bruce Grahame Radfield |
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Designation : |
Director (British) |
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Address : |
13, |
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Date of Birth/Age : |
26.05.1958 |
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Date of Appointment : |
02.12.2002 |
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Name : |
Mr. Ronald John Cattell |
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Designation : |
Director (Foreign) |
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Name : |
Mr. Dilip Kumar C. |
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Designation : |
Whole Time Director |
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Address : |
17/189, |
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Date of Birth/Age : |
02.05.1963 |
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Date of Appointment : |
09.09.2003 |
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Name : |
Mr. Girish S. Juneja |
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Designation : |
Director |
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Address : |
Dignity Apartment, 22/4, |
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Date of Birth/Age : |
31.08.1961 |
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Date of Appointment : |
09.09.2003 |
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KEY
EXECUTIVES
|
Name : |
Mr. Satish V. Menon |
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Designation
: |
Company Secretary |
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Address
: |
401, |
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Date
of Birth/Age : |
12.10.1958 |
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Date
of Appointment : |
09.12.2003 |
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|
Name : |
Mr. Ananth Padmanabha |
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Designation
: |
Country – head – Sales |
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Qualification
: |
B.E. (Electronics) / M.B.A. (Marketing) |
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Experience: |
19 years |
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Date
of Birth/Age : |
42 years |
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Date
of Appointment : |
05.10.2000 |
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Name : |
Mr. Chakrapani GK |
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Designation
: |
General Manager – North |
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Qualification
: |
B.E. (Electrical Engineering) |
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Experience
: |
13 years |
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Date
of Birth/Age : |
37 years |
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Date
of Appointment : |
18.09.2002 |
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Name : |
Mr. Raghuveer H R |
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Designation
: |
General Manager – South |
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Qualification
: |
B.SC. PGDMM |
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Experience
: |
14 years |
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Date
of Birth/Age : |
35 years |
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Date
of Appointment : |
08.03.2001 |
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Name : |
Mr. Ramaswamy R |
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Designation
: |
Head Commercial |
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Qualification
: |
B.SC. Diploma in Finance Management and
import / Export Management |
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Experience: |
27 years |
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Date
of Birth/Age : |
52 years |
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Date
of Appointment : |
24.09.2000 |
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Name : |
Mr. Satish Menon |
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Designation
: |
G. M. Finance and Company Secretary |
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Qualification
: |
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Experience
: |
24 years |
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Date
of Birth/Age : |
47 years |
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Date
of Appointment : |
16.07.2003 |
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Name : |
Mr. Shilendra Badoni |
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Designation
: |
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Qualification
: |
B.E. (Electronics) |
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Experience
: |
16 years |
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Date
of Birth/Age : |
38 years |
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Date
of Appointment : |
18.11.1996 |
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|
Name : |
Mr.Sunil Manglore |
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Designation
: |
General Manager - West |
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Qualification
: |
B.E. (Electronics and Communication Engineering),
M.B.A. (Marketing and Finance) |
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Experience: |
14 years |
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Date
of Birth/Age : |
40 years |
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Date
of Appointment : |
30.01.2000 |
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|
Name : |
Mr. Venkaswamy N |
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Designation
: |
President – |
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Experience
: |
21 years |
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Date of
Birth/Age : |
48 years |
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Date
of Appointment : |
07.04.2004 |
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|
Name : |
Mr. Vichhivora Suketu |
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Designation: |
County Head P.S. |
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Qualification |
B. E. (Electronics) |
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Experience
: |
20 years |
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Date
of Birth/Age : |
41 years |
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Date of
Appointment : |
26.07.2004 |
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MAJOR SHAREHOLDERS
|
Names of Shareholders |
No.
of Shares |
|
Mr. Shailendra Badoni |
1 |
|
Mr. R. Ramaswamy |
1 |
|
Datacraft Asia Limited, |
4,729,998 |
|
National Securities Depository Limited
(Beneficiary Datacraft Asia Limited) |
3,870,000 |
|
Mr. Dilipkumar C. |
1 |
|
Mr. Girish S. Juneja |
1 |
|
Mr. Ananth Padmanabha |
1 |
|
Mr. Satish V. Menon |
1 |
BUSINESS DETAILS
|
Line of Business : |
Design, Development, Manufacturing,
Purchase, Sale and Lease of the products and to provide services such as
Training, Maintenance, Installation, Consultancy, Facility Management,
Outsourcing and systems integration in the area of information, communication
systems and comenter networking and computer hardware and software. |
|
|
|
|
Products : |
Ř
Routers Ř Switches |
GENERAL INFORMATION
|
No. of Employees : |
100 |
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Bankers : |
The Development Bank of Singapore Limited Maker Chambers IV, Nariman Point, Mumbai – 400 021, |
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Facilities
: |
The company enjoys Rs.
10.000 millions dated 26.12.1996 against hypothecation of Goods, Book Debts
and Assets |
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Banking
Relations : |
Satisfactory |
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|
Auditors : |
C. C Chokshi & Company Chartered Accountants |
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Address : |
12, |
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Tel. No.: |
91-22-56679000 |
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Associates/Subsidiaries : |
ˇ
Fujitsu ICIM Limited |
CAPITAL STRUCTURE
Authorised Capital
:
|
No. of Shares |
Type |
Value |
Amount |
|
1,00,00,000 |
Equity Shares |
Rs.
10/- Each |
Rs.
100.000 Millions |
Issued, Subscribed & Paid-up
Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
86,00,004 |
Equity Shares |
Rs.
10/- Each |
Rs. 86.000 Millions |
|
Less
9,39,500 |
Buyback of 9,39,500 Equity Shares at a
price of Rs 199.01 per share from the shareholders pursuant to the offer made
during the year. |
|
Rs
9.395 Millions |
|
|
Total |
|
Rs. 76.605 Millions |
FINANCIAL DATA
[all figures are in Rupees Millions]
ABRIDGED BALANCE SHEET
|
SOURCES OF FUNDS |
30.09.2005 |
30.09.2004 |
30.09.2003 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
76.605 |
86.000 |
86.000 |
|
|
2] Reserves & Surplus |
810.917 |
800.871 |
666.731 |
|
NETWORTH
|
887.522 |
886.871 |
752.731 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
TOTAL BORROWING
|
0.000 |
0.000 |
0.000 |
|
|
DEFERRED TAX LIABILITIES |
18.769 |
16.552 |
13.271 |
|
|
|
|
|
|
|
TOTAL
|
906.291 |
903.423 |
766.002 |
|
|
|
|
|
|
|
APPLICATION OF
FUNDS
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net
Block]
|
116.683 |
110.915 |
74.581 |
|
Capital
work-in-progress
|
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
INVESTMENT
|
438.374 |
369.644 |
428.572 |
|
|
|
|
|
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|
CURRENT ASSETS,
LOANS & ADVANCES
|
|
|
|
|
|
|
Inventories
|
16.764
|
0.689
|
7.672 |
|
|
Sundry Debtors
|
397.364
|
256.319
|
568.256 |
|
|
Cash & Bank
Balances
|
442.132
|
453.843
|
131.405 |
|
|
Loans &
Advances
|
495.672
|
407.834
|
419.112 |
Total
Current Assets
|
1351.932
|
1118.685
|
1126.445 |
|
Less : CURRENT LIABILITIES & PROVISIONS
|
|
|
|
|
|
|
Current
Liabilities & Provisions
|
1000.698
|
699.691
|
871.336 |
|
|
|
|
|
|
Total
Current Liabilities
|
1000.698
|
699.691
|
871.336 |
|
Net Current Assets
|
351.234
|
418.994
|
255.109 |
|
|
|
|
|
|
|
MISCELLANEOUS
EXPENSES
|
0.000 |
3.870 |
7.740 |
|
|
|
|
|
|
|
TOTAL
|
906.291 |
903.423 |
766.002 |
|
PROFIT
& LOSS ACCOUNT
|
PARTICULARS |
30.09.2005 |
30.09.2004 |
30.09.2003 |
Sales Turnover
[including other income]
|
1477.258 |
1143.956 |
1073.593 |
|
|
|
|
|
Profit/(Loss)
Before Tax
|
287.562 |
187.731 |
302.632 |
Provision for
Taxation
|
99.941 |
52.076 |
107.257 |
Profit/(Loss)
After Tax
|
187.621 |
135.655 |
195.375 |
|
|
|
|
|
Export Value
|
92.585 |
108.06 |
0.000 |
|
|
|
|
|
Import Value
|
314.335 |
206.259 |
254.656 |
|
|
|
|
|
Total Expenditure
|
1154.741 |
929.145 |
747.572 |
KEY RATIOS
|
PARTICULARS |
|
30.09.2005 |
30.09.2004 |
30.09.2003 |
PAT / Total Income
|
|
12.70
|
11.85
|
18.19 |
|
|
|
|
|
|
Net Profit Margin
(PBT/Sales) |
|
19.46
|
16.41
|
28.18 |
|
|
|
|
|
|
Return on Total
Assets
(PBT/Total Assets} 1468.615 |
|
19.58
|
15.26
|
25.19 |
|
|
|
|
|
|
Return on
Investment (ROI)
(PBT/Networth) |
|
0.32
|
0.21
|
0.40 |
|
|
|
|
|
|
Debt Equity Ratio
(Total Liability/Networth) |
|
1.12
|
0.78
|
1.15 |
|
|
|
|
|
|
Current Ratio
(Current Asset/Current Liability) |
|
1.35
|
1.59
|
1.29 |
LOCAL AGENCY FURTHER INFORMATION
Milestones
Ř
2002- The company opens new STARtrac centre
and its first full-fledged Training Partners (TP) centre in
Ř
2001- The company moves to capture larger
share of fast growing Korean market with US $ 35 million acquisition of Dasan
Electronics took full ownership of
Ř
2000 – The company launches a complete
suite of Business and Operation Support Systems branded IBOSS to help service providers
innovate fast, manage effectively. It
broadened its managed network service capabilities with the acquisition of
Multisoft (
Datacraft New
Took full ownership of
Indian Subsidiary, Datacraft RPG, by
acquiring the remaining 45% equity interest from RPG Group for US $ 32.500 millions, its joint venture partner in
Bought 60% stake in
Singapore-based Internet consulting firm, PlaNET Technology for S $ 13.800
millions in May.
Acquired a 77.14% stake
in Malaysia-based DFI Consulting, a well-established business consulting &
ERP integration firm, for US $ 10.150
millions.
Make foray into
e-commerce consulting with the acquistion of HK- based I Square Solutions
Limited for US $ 5.25 millions in January 1999- Strengthens its presence in
Japan with a second acquistion, PTS Company Limited, a leading IT services
company in Japan, is acquired for US $ 23.600 millions.
Acquired a Japanese
networking systems integrator NETWAVE Inc for US $ 37.5 millions.
Acquired Net & Date
in
Acquired Commis Network
Inc. In
Ř
1998- Expands into
Acquired EMS Wiring
Systems, a
Set up a
Datacraft RPG opened 2
offices in
Launched STARtrac –
renovated and expanded 24-hour network
management centre.
Formed 3 virtual
companies focusing on Datacraft’s three core
businesses : - Datacraft Enterprise Solutions, Datacraft Telecom
Solutions and Datacraft
Services
Expanded
into
Ř
1997- The Dimension Data Group, a highly
successful I.T. company in
Datacraft
Datacraft
Datacraft
Datacraft
Became the first Asian
company to achieve region-wide Cisco Gold Partner status from Cisco Systems.
Acquired Adcoms
International in the
Adcoms (Phils.), Inc.
Datacraft Asia was ranked
the overalll Best Performing share on the Stock Exchange of Singapore for 1996.
Ř
1996- Datacraft Asia is selected as one of
the founding stocks on the Singapore Regional Stock Index for its successful
regionalised operation and geographic spread.
Datacraft Asia set up
direct marketing catalogue sales division –
Expresso Commsware.
Datacraft
Datacraft
Ř
1995- Set up a joint venture company in
Datacraft
Datacraft
Listed on the Main Board
of Stock Exchange of
Ř
1994- Establishes Technical Assistance Centre
to offer 24-hour networking services.
Set up Training Partners
Private Limited in
Awarded OHQ status in
Set up Datacraft ICIM, a
joint venture between Datacraft Asia and Fujitsu-ICIM, and opened five offices
in
Ř
1993- Incorporated in
Ř
1992- Datacraft Taiwan was established
Ř
1990 – Datacraft China was incorporated and
opened
Ř
1989- Datacraft Thailand was established
Ř
1985- Datacraft Malaysia was set up
Ř
1983- Datacraft Singapore was established
Ř
1975- Started its operation in Asia with
the set up of the
Ř
1974- Datacraft Limited founded in
Business :
Subject provides vendor or platform independent computer
networking solutions to its customers.
Apart from providing solutions utilising world-leading products, subject
has made a huge investment in engineering and support staff and resources
around the region in order to deliver a comprehensive range of professional
services in the areas of consultancy, project management, network design,
installation, training and maintenance, using a network of offices region-wide.
Subject combines its own products with those drawn from the
world’s top equipment vendors, with whom subject has Asia-wide distribution
agreements. With the combination of
these and its own products, subjects is therefore able to offer complete
turnkey communication/network solutions covering the area of Corporate Wide
Area networks; Local Area Network and Campuswide Network; Network Management
Systems; Voice Data Integration solutions; Bandwidth Management; End-to-End internet
infrastructure for ISPs; Total Intranet solution; packet Switching, Frame
Relay, ATM switching; Networking infrastructure for E-commerce; Comprehensive
network security; Authorised Cisco Training and Value-added networking
services.
The company is a joint venture between Datacraft Asia, which is
Asia Pacific’s leading communications and network systems integrator and RPG
Enterprises, one of
Subject is a Distributor of Cisco, AMP, Packeteer, Net, Nortel
Network, Racal, Security Dynamics, Lucent, Utel, Samsung Electronics, HECL,
Telstra V-Comm, Netscape, Sun Microsystems
Subject provides the services of LAN and Campus-wide networks,
WAN, Voice Data, Video Integration, Bandwith Management, End-to-end internet
infrastructure, Total Intranet solution, Comprehensive NIW Security, Authorised
Cisco Training, Value added Networking Services, Networking Infrastructure for
E-commerce.
Subject continues its presence in the Telecom Market and
Enterprise Market to a substantial extent.
The company has been successful in getting rapid orders on account of
the excellent services rendered. The
company’s revenue from service income has been rising and it is expected that
the upward trend will continue.
The company endeavours to deliver the benefits of these new
world Telecom Network and to reduce operations costs, enhance performance,
increase flexibility, integration and control and speed-up new services
deployments.
It is in trade terms with :
Ř
Airline & Transport
Ř
Abacus
Ř
CAAC
Ř
Ř
DHL
Ř
Ř
Maersk line
Ř
Ř
Sealand
Ř
Yang Ming Line
Ř
ABN AMRO Bank
Ř
American Express
Ř
Standard Chartered Grindlays Bank Limited
Ř
Acer
Ř
Adidas
Ř
AMD
Ř
Apple Computer
Ř
British Telecom
Ř
CELCOM
Ř
Chunghua Telecom
Ř
Communications Authority of
Ř
Cyberway
Ř
ABC Paging
Ř
CTCI
Ř
Customs Department, PRC
Ř
ESSO
Ř
Ř
Galxo Chem
Operations
& outlook
The company’s sales for the year were Rs. 1144.000 Millions as
against Rs. 1074.000 Millions for the previous year i.e.a 7% increase over the
previous year.
Phase II covering 2900 branches of State Bank & its
associates was completed during the year contributing to the revenues.
The company’s products & services continue to receive full
customer satisfaction. The training business grew in volumes & new
opportunities were tapped during the year.
However, operating were lower during the year at Rs. 215.000
Millions which 18% on revenues as against Rs. 326.000 Millions in the year
which was 30% on revenues. As a result profits before were significantly lower
than previous year.
Factors which were outside the control of the management
condributing to the lower operations profits were :
Lower commission income
Lower interest & investment income (other income) resulting
from fall in treasury markets & change in pattern of investments to liquid
funds rather than debt funds.
Lower products margins
Increase in salary related costs &
Higher administrative costs resulting from new office in
The company expects to continue its increase in revenues by
around 15% in the next year with margins being maintained.
Fixed Assets:
Own Assets
- Tangible Assets
Ř Computers
Ř Furniture
and Fixtures
Ř Office
Equipments
Ř Vehicles
- Intangible Assets
Ř Software
Assets
Given on Lease
Ř
Computers
Notes
on Accounts
The company entered into an agreement with Fujitsu ICIM Limited,
dated 14th march 1996, whereby Fujitsu ICIM Limited would provide office
infrastructural Services such as use of air conditioning, telephone, fax,
photocopies, computers, pantry services, customer database, insurance cover
security for office premises and extend its existing support network in India
for a period of ten years from 1st October, 1995 against a
consideration of Rs 38.700 Millions. This amount was paid as a non refundable
advance in June, 1996. the company has expensed out Rs. 3.870 Millions
(previous year Rs 3.870 Millions) as service charges for the current year and
the balance amount of Rs. NIL (as at 30th September 2004, Rs 3.870
Millions) is being carried forward to be written off in subsequent years.
Related
Parties
|
Name
|
Nature
of relationship |
|
Datacraft Asia Limited |
Holding Company |
|
Datacraft |
Fellow Subsidiary |
|
Datacraft |
Fellow Subsidiary |
|
Datacraft ( |
Fellow Subsidiary |
|
Datacraft Advanced Network Services Sdn
Bhd |
Fellow Subsidiary |
|
Dimension Data Network Services Limited |
Fellow Subsidiary |
|
J Q Network Private Limited |
Fellow Subsidiary |
|
Training Partners Private Limited |
Fellow Subsidiary |
|
Datacraft (NZ) Limited |
Fellow Subsidiary |
|
DFI Consulting |
Fellow Subsidiary |
|
Dimension Data |
Fellow Subsidiary |
|
Dimension Data SA ( |
Fellow Subsidiary |
|
Dimension Data Commercial Centre Limited |
Fellow Subsidiary |
|
Datacraft ( |
Fellow Subsidiary |
|
Mr. Nagendra Venkaswamy / C Dilipkumar |
Key Management Personnel |
|
Name of the company |
DATACRAFT INDIA LIMITED (Formerly
: Datacraft RPG Private Limited ) |
||||||||||||||||||||||||||||||
|
Presented By |
THE DEVELOPMENT BANK OF SINGAPORE LIMITED
AND DATACRAFT INDIA LIMITED |
||||||||||||||||||||||||||||||
|
1) Date and description of instrument
creating the change |
Dated :
26.12.1996 Agreement
of Hypothecation of goods and Book Debts and assets to secure a Demand loan /
advance / cash credit / overdraft / loans of credit / guarantees. |
||||||||||||||||||||||||||||||
|
2) Amount secured by the
charge/amount owing on the securities of charge |
Rs 10.000
Millions |
||||||||||||||||||||||||||||||
|
3) Short particular of the property
charged. If the property acquired is subject to charge, date of the acquired
of the property should be given |
A] The
borrowers hereby hypothecates by way of first charge in favour of the bank
the goods described in general terms in the schedule which expression shall
include all products goods and movable property of any kind belonging to the
borrowers which now or hereafter from time to time shall be brought in,
stored or be in or about the borrowers premises at Mumbai wherever else the
same may be; and B] The Borrower hereby hypothecate by way of
first charge in favour of the bank all the borrowers present and future book
debts, outstanding, moneys, receivables, claims, bills, contracts,
engagement, securities, and other rights and assets. |
||||||||||||||||||||||||||||||
|
4) Gist of the terms and conditions and
extent and operation of the charge. |
I]
Interest at such rates as may b determined by the bank from time to time. II] This
agreement is to operate as security a continuing security for the balance to
become due on the said cash Credit / Overdraft / Loan Account. |
||||||||||||||||||||||||||||||
|
5) Name and Address and description
of the person entitled to the charge. |
The
Development Bank of Singapore Limited No. 122,
12th Floor, Maker Chambers IV, Nariman Point, Mumbai – 400021 (Now
shifted to the Development Bank of Singapore Limited, 14th Floor,
Free Press House, Nariman Point, Mumbai -21) |
||||||||||||||||||||||||||||||
|
6) Date and brief description of instrument
modifying the charge |
Dated
02.04.2005 Supplemental
Deed of Hypothecation – II |
||||||||||||||||||||||||||||||
|
7) Particulars of modifications specifying
the terms and conditions or the extent of operations of the charge in which
modification is made and the details of the modification. |
Past Modification The
original charge created on 26.12.1996 for Rs 10.000 Millions was modified on
16.08.1999 to secure the enhanced aggregate credit facilities upto Rs 60.000
Millions and Foreign Exchange Contract Facility upto an Aggregate limit of
USD 1.500 Millions. Further
modified on 07.02.2003 to secure the revised limits upto Rs. 60.000 Millions
and Foreign Exchange Contract facility of USD 1.500 Millions (last
modifications registered on 10.03.2003 under Document Number 80 ) Present Modification At the
request of the borrower, the bank has modified the existing credit facilities
of Rs 60.000 Millions and Foreign
Exchange contract facilities of an aggregate limit of USD 1.500 Millions as
indicated hereunder:
The above
facility shall continue to be secured by all the borrowers’ goods, book debts
and assets on Pari Passu first change basis. Save and except
the above, there is therefore, no change in the aggregate limits. |
||||||||||||||||||||||||||||||
|
Name of the company |
DATACRAFT INDIA LIMITED (Formerly
: Datacraft RPG Private Limited ) |
||||||||||||||||||
|
Presented By |
THE DEVELOPMENT BANK OF SINGAPORE LIMITED
AND DATACRAFT INDIA LIMITED |
||||||||||||||||||
|
1) Date and description of instrument
creating the change |
Dated :
26.12.1996 Agreement
of Hypothecation of goods and Book Debts and assets to secure a Demand loan /
advance / cash credit / overdraft / loans of credit / guarantees. |
||||||||||||||||||
|
2) Amount secured by the
charge/amount owing on the securities of charge |
Rs 10.000
Millions |
||||||||||||||||||
|
3) Short particular of the property
charged. If the property acquired is subject to charge, date of the acquired
of the property should be given |
A] The
borrowers hereby hypothecates by way of first charge in favour of the bank
the goods described in general terms in the schedule which expression shall
include all products goods and movable property of any kind belonging to the borrowers
which now or hereafter from time to time shall be brought in, stored or be in
or about the borrowers premises at Mumbai wherever else the same may be; and B] The Borrower hereby hypothecate by way of
first charge in favour of the bank all the borrowers present and future book
debts, outstanding, moneys, receivables, claims, bills, contracts,
engagement, securities, and other rights and assets. |
||||||||||||||||||
|
4) Gist of the terms and conditions
and extent and operation of the charge. |
I]
Interest at such rates as may b determined by the bank from time to time. II] This
agreement is to operate as security a continuing security for the balance to
become due on the said cash Credit / Overdraft / Loan Account. |
||||||||||||||||||
|
5) Name and Address and description
of the person entitled to the charge. |
The
Development Bank of Singapore Limited No. 122,
12th Floor, Maker Chambers IV, Nariman Point, Mumbai – 400021 (Now
shifted to the Development Bank of Singapore Limited, 14th Floor,
Free Press House, Nariman Point, Mumbai -21) |
||||||||||||||||||
|
6) Date and brief description of instrument
modifying the charge |
Dated
30.11..2005 Supplemental
Deed of Hypothecation – II |
||||||||||||||||||
|
7) Particulars of modifications
specifying the terms and conditions or the extent of operations of the charge
in which modification is made and the details of the modification. |
Past Modification The
original charge created on 26.12.1996 for Rs 10.000 Millions was modified on
16.08.1999 to secure the enhanced aggregate credit facilities upto Rs 60.000
Millions and Foreign Exchange Contract Facility upto an Aggregate limit of
USD 1.500 Millions. Further
modified on 07.02.2003 to secure the revised limits upto Rs. 60.000 Millions
and Foreign Exchange Contract facility of USD 1.500 Millions Further
modification on 02.04.2005 to secure the enhanced aggregate credit facilities
upto Rs 60.000 Millions and USD 1.500 Millions. (last
modifications registered on 10.03.2003 under Document Number 80 ) Present Modification At the
request of the borrower, the bank has modified the existing credit facilities
of INR 90.000 as indicated hereunder:
The above
facility shall continue to be secured by all the borrowers’ goods, book debts
and assets on Pari Passu first change basis. |
||||||||||||||||||
AS PER WEBSITE
Overview
Datacraft is the leading independent IT services and solutions company in Asia Pacific. Specialising in customised business solutions, Datacraft helps clients plan, build and support their IT infrastructures.
Datacraft
combines an expertise in networking, security, IP Convergence, datacentre
storage, Microsoft business applications and contact centre technologies,
with advanced skills in consulting, integration and managed services, to craft
IT solutions for businesses.
A
member of the Dimension Data Group, Datacraft is listed on the main board of
the Singapore Exchange, and is a component company of the Straits Times Index.
Headquartered in
Our Key Differentiators
Global delivery: Datacraft, together with parent company
Dimension Data, possesses the skills, resources, technology know-how and global
reach to create a worldwide infrastructure that delivers seamless professional
solutions and services for international companies.
Proven track record: As
Strong specialised skills: Datacraft has over 750
industry-accredited technical personnel region-wide and is the only region-wide
Cisco Gold Certified Partner, employing over 70 CCIEs – more than any other
firms in Asia Pacific.
Best-of-breed
technologies: As an independent systems integrator, Datacraft is able to
partner the world’s leading suppliers to provide the most advanced and flexible
solutions.
Press Release
DECEMBER NEWS RELEASE FOR 2005
6-DECEMBER-2005
Datacraft
designs and deploys new campus network for
Founded in
1962, and offering courses in both English and Thai,
Facing an
increasing need for a robust IT infrastructure to support this community, the
university realised it needed a new, well-architected, threat-resistant network
to maximise performance, reduce services outages and increase overall
reliability.
"Our
students are increasingly reliant on technology to support their studies and
research while our academic and administrative staff have different, but
equally important IT needs," said Professor Attipa Julpisit, director of
the computer centre at
Datacraft
Processional Services took up the challenge of devising a new network
architecture that would meet the university's needs. The design they came up
with is easy to manage, contributing to low total cost-of-ownership. As well as
delivering the performance to meet current requirements and ability to scales
to meet future needs, Datacraft's consultants put a lot of design focus on
reliability. BU's new network has link-level redundancy to eliminate single
points of failure and ensure availability.
"Excellent
communications are not an option; they are critical to success in the
increasingly competitive tertiary education sector," said Somchart Kanha,
General Manager of Datacraft
With the new
network,
About
Datacraft
"Best Asian Systems Integrator"
for fifth consecutive year - Telecom
Datacraft is the leading independent IT services and solutions company in Asia
Pacific. The company helps clients plan, build and support their IT
infrastructures. Datacraft combines an expertise in networking, security,
operating environments, storage and contact centre technologies, with advanced
skills in consulting, integration and managed services, to craft IT solutions
for businesses.
A member of the
Dimension Data Group, Datacraft is listed on the main board of the Singapore
Exchange and is a component company of the Straits Times Index. Headquartered
in
NOVEMBER NEWS RELEASE FOR 2005
21-NOVEMBER-2005
Singapore,
21 November 2005 – Datacraft, the region's leading independent IT
solutions and services company, has won a contract from cookware and appliance
manufacturer, Meyer Industries, to deploy its Digital Video Security
Surveillance (DVSS) solution at the company's manufacturing plant in Thailand.
Meyer
Corporation is one of the largest, most innovative cookware companies in the
Although the
company already had a security system, it needed to upgrade the system to
provide improved protection for the factory including an "auto alert"
feature to detect any unauthorised personnel entering restricted areas. Meyer
chose Datacraft's DVSS Internet Protocol (IP)-based security monitoring
solution.
"Security
is a major priority at our factory," said Komkrit Vongkavivathanakul,
assistant manager (MIS) at Meyer Industries Ltd. "Our existing system was
outdated and no longer met our requirements. Datacraft's DVSS was the ideal
solution because we can integrate it with our existing system thereby
protecting our prior investment, while adding state-of-the-art security
features."
Datacraft's
DVSS increases the effectiveness of security initiatives by transforming video
images into actionable intelligence: the timely, mission-critical information
that an organisation needs to effectively protect people, property and assets.
Featuring
leading-edge technologies from a host of partners, DVSS addresses a broad
spectrum of video surveillance needs on land, on sea, and in the air. For
securing expansive perimeters and areas that are topographically impossible to
wire, DVSS offers a highly durable and secure video-over-WiFi variant with the
same reliability and breadth of functionality as wired CCTV.
Under the
contract from Meyer, Datacraft will design, integrate, configure and provide
training for the new security surveillance system. The new solution will
integrate with Meyer's 26 existing cameras and cabling, keeping the additional
infrastructure costs to a minimum. The result will be a scalable security
system that also includes the auto alert feature that was one of Meyer's key
requirements.
"Our DVSS
technology provides secure video access from virtually anywhere on an
organisation's IT network," said Somchart Kanha, General Manager of
Datacraft
"It also
has advanced analytic capabilities that can automatically analyse 'live' video
streams and alert security personnel of significant movements and unusual
behaviour that might otherwise require countless hours to detect."
Datacraft's
DVSS can also be interfaced with other security and business systems – from
access control and alarm systems to point-of-sale, cargo handling, gaming and
inventory control.
Programmable
recording and retention lets users capture specific activities and regions of
interest and retain just these images as needed. And with DVSS remote image
retrieval and system administration, all video cameras can be centrally managed
with central storage of all video images.
About Datacraft
"Best Asian Systems Integrator" for fifth consecutive year - Telecom
Asia
Datacraft is the
leading independent IT services and solutions company in Asia Pacific. The
company helps clients plan, build and support their IT infrastructures.
Datacraft combines an expertise in networking, security, operating
environments, storage and contact centre technologies, with advanced skills in
consulting, integration and managed services, to craft IT solutions for
businesses.
A
member of the Dimension Data Group, Datacraft is listed on the main board of
the Singapore Exchange and is a component company of the Straits Times Index.
Headquartered in
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 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.40.97 |
|
|
1 |
Rs.80.73 |
|
Euro |
1 |
Rs.54.56 |
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 |
NO |
|
--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
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 |