MIRA
INFORM REPORT
|
Report Date : |
18.05.2007 |
IDENTIFICATION DETAILS
|
Name : |
ERICSSON INDIA PRIVATE LIMITED |
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Formerly Known As : |
ERICSSON TELECOMMUNICATIONS
INDIA PRIVATE LIMITED |
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Registered Office : |
4th Floor, Dhaka House 18/17 WEA Karol Bagh, |
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Country : |
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Financials (as on) : |
31.12.2006 |
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Date of Incorporation : |
12.03.1992 |
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Com. Reg. No.: |
55-47977 |
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CIN No.: [Company
Identification No.] |
U74899DL1992PTC047977 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
JPRE01363F |
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PAN No.: [Permanent
Account No.] |
AAACE0138N |
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Legal Form : |
Private Limited Liability company |
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Line of Business : |
Providing Telecommunication Services |
RATING & COMMENTS
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MIRA’s Rating : |
Aa |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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 |
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Maximum Credit Limit : |
USD 9824 |
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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 part
of |
LOCATIONS
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Registered Office : |
4th Floor, Dhaka House 18/17 WEA Karol Bagh, |
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E-Mail : |
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Website : |
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Location : |
Commercial |
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Corporate Office : |
Ericsson Forum, |
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Tel. No.: |
91-124-2560808 |
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Fax No.: |
91-124-5080808 |
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Location : |
Commercial |
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Office: |
Ericsson India Private Limited(Hutchinson / Bharti) Address: Prestige
Meridien 1, 6th Floor, 29 M 001 Phone : 91-80-2559 5707 Fax :
91-80-2559 2887 Location:
Commercial Bhubaneshwar Ericsson India Private Limited (BSNL-East) Address: Room No.
104-105, Hotel Swosti, 103 Janpath, Phone : 91-674 -534617/2532492/2534718/2534713 Fax : 91-674-2532931 Location:
Commercial Ericsson India Private Limited (Bharti/BSNL) Address: SCO 142 –143, Sector 34A, Phone :
91-172-501 7850/266 9297 Fax :
91-172-266 9276/266 9786 Location: Commercial Chennai Ericsson India Private Limited (RPG/Bharti/Hutchison/TATA Address: Ganesh Enclave, New No: Gopalapuram, Chennai
600 086 Phone :
91-44 -2811 6051-4 Fax :
91-44-2811 6077/2811 6056 Location: Commercial Ericsson India Private Limited EIL (Bharti) Address: Hotel Le Meridien, NH-47 Bypass, Kundannur Junction, Phone : 91-484-270 6492 / 707036 Fax : 91-484-2706295 Ericsson India Private Limited (Airtel/Bharti) Address: 88-C,
Race Course, Phone : 91-422-2218 826 / 827 Fax : 91-422-2210 456 / 2218966 Guwahati Ericsson India Private Limited, EIL (BSNL) Address: Hotel
Raj Mahal, 7th Floor, Phone : 91-361-2607667/8/9 Fax : 91-361-2607670 Jaipur Ericsson India Private Limited, (Factory/HEXACOM/BSNL) Address: Village & Post Office Kukas, Tehsil Amber, Jaipur 303 101 Phone : 91-1426-247280 - 88 Fax : 91-1426-247277 Ericsson India Private Limited, EIL (BSNL) Address: Room Nos. 215 & 217, Hotel Jehlum Resorts, Rail Head, Opp Phone : 91-191-2474947/2477440 /2477441/2477473 Fax : 91-191-2477442 Kolkata Ericsson India Private Limited, EIL (Reliance/BSNL) Address: 1, Phone : 91-33-280 4305 Fax : 91-33-2280 0088 Ericsson India Private Limited, EIL (BSNL) Address:
Extension, Phone : 91-522 333804, 05,06,08,21 Fax : 91-522-333809 Ericsson India Private Limited, EIL (BSNL) Address: 200-204,
Telephone Exchange, Phone : 91-121-2772545 to 50 Fax : 91-121-2761503 Mumbai Ericsson India Private Limited, (Hutchison/Reliance/Tata) Address: 303-B, 'Fortune 2000', 3rd Floor, Bandra-Kurla Complex, Bandra (East), Mumbai 400 051 Phone : 91-22-2652 6166 Fax : 91-22-2652 6177 Ericsson India Private Limited, (BSNL) Address: 1st
Floor, Phone : 91-612-2204851 Fax : 91-612-2204850 Pune Ericsson India Private Limited, (ICL) Address: 8/1 B, 2nd Floor, Shankar Parvati Apartments, 2nd Floor,
Dhole Phone : 91-20-2613 6381 Fax : 91-20-2613 1380 Secunderabad Ericsson India Private Limited, EIL (BML/Hutchison) Address: 5th
Floor, Secunderabad - 500 003 Phone : 91-40-2553 28333/34/35 Fax : 91-40-2553 28338 Shillong Ericsson India Private Limited, EIL (BSNL) Address: E-10 B Exchange (Basement), Room No. 20, Near Secretariat, Shillong 793 001 Phone : 91-364-2211715/16/17 Fax : 91-364-2225242 Ericsson India Private Limited, EIL (BSNL) Address: C/o
Rajbagh Exchange, Gogji Bagh, Phone : 91-194-2310987 Fax : 91-194-2310988 |
DIRECTORS
|
Name : |
Mr. Karl Henrik Sundstrom |
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Designation : |
Director |
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Address : |
Idunavagen, 18161 Lidingto, |
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Date of Birth/Age : |
10.04.1960 |
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Date of Appointment : |
28.03.2006 |
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Name : |
Mr. Mats Granryd |
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Designation : |
Director |
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Address : |
W – 58, Greater Kailash Part 2, |
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Date of Birth/Age : |
18.01.1962 |
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Date of Appointment : |
18.07.2005 |
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Name : |
Mrs. Sita Ram Jiwarajka |
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Designation : |
Director |
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Address : |
W - 58, Greater Kailash Part 2, |
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Date of Birth/Age : |
31.05.1925 |
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Date of Appointment : |
30.06.1999 |
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Name : |
Mr Bert Nordbert
(Foreigner) |
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Designation : |
Director |
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Address : |
Grasgatan 5118,
60 |
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Date of Birth/Age : |
23.03.1956 |
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Date of Appointment : |
09.01.2004 |
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KEY EXECUTIVES
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Name : |
Mr Sunil Sayal |
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Designation : |
Director Finance
Control and Company Secretary |
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Name : |
Mr. Henrik Carle |
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Designation : |
Vice President
(Finance) |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
|
Names of Shareholders |
No. of Shares |
Percentage of
Holding |
|
Telefonaktiebolaget Lm ericsson |
7249999 |
100.00 |
|
A B |
1 |
0.00 |
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Total |
7,250,000 |
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BUSINESS DETAILS
|
Line of Business : |
Providing Telecommunication Services |
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Products : |
¨
LIB Boards (PBA) ¨
Cable Sets ¨
Cabinets ¨
RBS ¨
BSC/RBSC/MSC ¨
Broadband Equipment ¨ AXD 301/305 Multi Service Switch R7 ¨ AXD320 Multiservice Access switch ¨ AXD340 Multiservice Access device (CPE) ¨ Cable assemblies incl accessories ¨ Cables and Interconnect Products ¨ CDMA2000 ¨ CDMA2000 Interworking Function (IWF) ¨ Circuit Core ¨ Circuit switching ¨ DSL Modem ¨ EACU-OVP for WCDMA Indoor ¨ Engine Access Ramp ¨
¨ ET4-1 Exchange Terminal ¨ Ethernet DSL Access ¨ Fiber Ethernet Access ¨ Fiber optic access ¨ Fiber Optic Cables ¨ GSM Radio Access Network Products ¨ Indoor Fiber Cable Centralized Antennas ¨ Indoor Ribbonet Decentralized Antennas ¨ Micronet products ¨ Mini-WIFT Transmission Interface for WCDMA ¨ Mobile Core Products ¨ Mobile Satellite Services ¨ MOWLAN-OWS 2.0 ¨ MOWLAN-WSN 2.2 ¨ Outdoor Fiber Cable Centralized Antennas ¨ Outdoor Ribbonet Decentralized Antennas ¨ Overvoltage protection, OVP-11 for DXU-11 ¨ Packet Core ¨ Packet Data Serving Node (PDSN) ¨ PDC ¨ Power Cables /Kraftkabel ¨ Public Wireless LAN Internet Access solutions ¨ Ribbonet products ¨ Satellite Broadband Access ¨ Satellite Cellular Backhaul ¨ TEMS Products |
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Imports : |
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Products : |
Radio Equipments, CDMA Equipment, Digital Telephone Exchanges, Radio
Base Stations, AXE Nodes, MSC, BSC, HLR, MSS, installation and commissioning
network and other communication equipments |
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Countries : |
Europe, |
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Terms : |
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Purchasing : |
On L/C basis. |
PRODUCTION STATUS
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Particulars |
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Installed
Capacity |
Actual
Production |
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Telephone Lines |
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RBS |
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GENERAL INFORMATION
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Customers : |
¨
Relaiance Infocom ¨
Shyam Telecom ¨
Tata ¨
BTA ¨
Idea ¨
Hutch ¨
Aircel ¨
Mahanagar Telephone Nigam Limited (MTNL) ¨
Bharat Sanchar Nigam Limited (BSNL) |
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No. of Employees : |
Around 400 |
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Bankers : |
¨ Standard Chartered Bank ¨
Sansad Marg, ¨
ABN
Amro Bank ¨
State
Bank of |
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Facilities : |
The company has availed Rs.145 Million Secured Loans from Standard Chartered Bank. The company is also availing the following facilities with its Bankers.
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
M/s. Price Waterhouse Chartered Accountants (Mr. V. Nijhawan, partner, M.No. F 87228) |
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Address : |
Building 8, 7th and 8th Floor, Tower B, DLF
Cyber Citi, Gurgaon – 122001, Haryana |
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Associates/Subsidiaries : |
Ericsson Lab Ericsson TEMS AB Ericsson Australia Pty Limited Ericsson ( LM Ericsson Limited Ericsson Canada Inc Ericsson Exprtise Centre Sdn Bhd Ericsson Telecommunication Pte Limited Ericsson Spol s.r.o. Heilongjiang Ericsson Technology Company Limited Y LM Ericsson AB Ericsson International Services B V Ericsson IS/IT AB Ericsson Test Environments AB Ericsson Ericsson Network Technologies AB Nanjing Ericsson Panda Communication Company Limited |
CAPITAL STRUCTURE
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
7250000 |
Equity Shares |
Rs.100/-
each |
Rs.725.000
millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
7250000 |
Equity Shares |
Rs.100/-
each |
Rs.725.000
millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.12.2006 |
31.12.2005 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
|
0.725 |
0.725 |
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2] Share Application Money |
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0.000 |
0.000 |
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3] Reserves & Surplus |
|
1.731 |
1.123 |
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4] (Accumulated Losses) |
|
0.000 |
0.000 |
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NETWORTH |
|
2.456 |
1.848 |
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LOAN FUNDS |
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1] Secured Loans |
|
0.000 |
0.000 |
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2] Unsecured Loans |
|
5.328 |
3.094 |
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TOTAL BORROWING |
|
5.328 |
3.094 |
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DEFERRED TAX LIABILITIES |
|
0.000 |
0.000 |
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TOTAL |
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7.784 |
4.942 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
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0.396 |
0.343 |
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Capital work-in-progress |
|
0.025 |
0.002 |
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INVESTMENT |
|
0.000 |
0.000 |
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DEFERREX TAX ASSETS |
|
0.439 |
0.273 |
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CURRENT ASSETS, LOANS & ADVANCES |
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|
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Inventories |
|
4.436
|
1.399 |
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Sundry Debtors |
|
23.537
|
17.243 |
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Cash & Bank Balances |
|
0.067
|
0.183 |
|
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Other Current Assets |
|
0.000
|
0.000 |
|
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Loans & Advances |
|
2.317
|
2.110 |
|
Total
Current Assets |
|
30.357 |
20.935
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Current Liabilities |
|
19.787
|
14.603 |
|
|
Provisions |
|
3.647
|
2.008 |
|
Total
Current Liabilities |
|
23.434 |
16.611
|
|
|
Net Current Assets |
|
6.923 |
4.324
|
|
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MISCELLANEOUS EXPENSES |
|
0.000 |
0.000 |
|
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|
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TOTAL |
|
7.784 |
4.924 |
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PROFIT & LOSS
ACCOUNT
|
PARTICULARS |
|
31.12.2006 |
31.12.2005 |
|
|
Sales Turnover |
|
29.917 |
13.652 |
|
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Other Income |
|
0.353 |
0.253 |
|
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Total Income |
|
30.269 |
13.905 |
|
|
|
|
|
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|
Profit/(Loss) Before Tax |
|
1.783 |
0.326 |
|
|
Provision for Taxation |
|
1.175 |
0.156 |
|
|
Profit/(Loss) After Tax |
|
0.608 |
0.170 |
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Expenditures : |
|
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|
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Cost of Goods Sold |
|
13.343 |
6.122 |
|
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Administrative Expenses |
|
3.001 |
2.282 |
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Raw Material Consumed |
|
7.231 |
2.298 |
|
|
Increase/(Decrease) in work in progress |
|
(1.938) |
(0.937) |
|
|
Installation/ Support Expenses |
|
3.850 |
2.099 |
|
|
Personnel Expenses |
|
1.823 |
1.454 |
|
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Liquidates Damaged |
|
0.000 |
0.125 |
|
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Depreciation & Amortization |
|
0.180 |
0.143 |
|
|
Other Expenditure |
|
0.718 |
(0.147) |
|
Total Expenditure |
|
28.208 |
13.439 |
|
KEY RATIOS
|
PARTICULARS |
|
|
31.12.2006 |
31.12.2005 |
|
PAT / Total Income |
(%) |
|
2.01 |
1.23 |
|
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|
Net Profit Margin |
(%) |
|
5.96 |
2.42 |
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Return on Total Assets |
(%) |
|
0.89 |
0.79 |
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Return on Investment (ROI) |
|
|
11.25 |
9.22 |
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Debt Equity Ratio |
|
|
2.17 |
1.67 |
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Current Ratio |
|
|
1.30 |
1.26 |
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Quick Ratio |
|
|
1.11 |
1.18 |
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Current Liabilities / Networth |
|
|
9.54 |
8.99 |
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Fixed Asset / Networth |
|
|
0.16 |
0.19 |
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Average Collection Days |
|
|
287.16 |
460.98 |
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Account Receivable Turnover |
|
|
1.27 |
0.79 |
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Inventory turnover |
|
|
6.74 |
9.75 |
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Asset Turnover |
|
|
75.40 |
39.87 |
LOCAL AGENCY FURTHER INFORMATION
|
Fixed assets |
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Plant and
Machinery - Manufacturer |
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Plant and
Machinery – other |
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Furniture and
fixtures |
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Computers |
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Vehicles |
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Office Equipments |
|
Leasehold improvements |
|
Computers Software |
|
Total |
HISTORY
The subject was originally incorporated in the name of
"Ericsson Telecom India Private Limited" on March 12, 1992. Subsequently, the name has been changed to
"Ericsson Telecommunications Private Limited" March 11, 1993 the word
"Private" deleted on July 1, 1995.
The name has been further changed to “Ericsson India Private Limited”
w.e.f. May 21, 2001.
BUSINESS GROWTH
The dynamics of the
Indian Telecom market has changed during the year 2003. Mobile Communication has become a service,
not only for the rich and upper middle class, but also for the masses. Mobile call became as cheap as the fixed
calls and the growth in number of subscribers and traffic per subscriber
exceeded all expectations. Limited
mobility finally became full mobility and they have in
During the year the company received significant orders in Phase II &
III from BSNL both for expansion of the existing networks in Northern &
Eastern India amounting to Rs.2961 Million and for new networks in the States
of Jammu & Kashmir,
TECHNOLOGY ABSORPTION
Technology Imported to Manufacturing Digital Telephone Exchanges, Installation and Commission network for GSM system has been absorbed by the Company.
COLLABORATOR
M/s Telefonaktiebolaget LM Ericsson, Er.
Year of Imported Tech.: 1994-95
Subject imports Telecommunication Products and accessories.
Subject exports telecommunication equipments, digital telephone exchanges.
Ericsson has been associated with the Indian
telecommunications industry for almost a century. Way back in 1903, the company
supplied its first product to
From basic telephony, intelligent networks, datacom and the
most advanced telecom integration and services to mobile office applications
and multimedia communications, Ericsson offers a complete spectrum of telecom
solutions in
The National Telecom Policy 1999, popularly known as NTP 99 was an important landmark when prudent policy decisions really took Indian telecom, specially cellular telephony on a growth trajectory. The mobile subscriber base has already crossed the 36 million mark and has been growing over 140% year on year for the last few years. Cellular telephony has also moved from the metros to suburban cities of the country. This is a healthy sign for the industry, as there is a huge potential in this segment.
BUSINESS ACTIVITIES
Ericsson has played a major role in spreading the cellular revolution in the country. With 39 out of 74 operational GSM mobile system networks supplied by Ericsson in India, the company today has a market share of over 43 per cent in terms of connected subscribers, more than the sum of the market shares of it's next two competitors, establishing it as the leading mobile systems and services company in the country.
On the new business front Ericsson has bagged CDMA wireless infrastructure contract from Tata Teleservices for their networks in two states and core switching systems in six circles.
Ericsson's GSM equipment supports cellular services in
license areas of
ERICSSON MOBILITY
WORLD
Ericsson is investing in developing Mobile Internet
solutions to foster the growth of Mobile Internet in
SWITCHING & FIXED NETWORKS
Not just cellular alone, Ericsson is also active on the
other aspects of Indian telecom landscape. More than 60 per cent switches at
VSNL are from Ericsson. Our digital switching systems handle over 75 per cent
of the international calls made through VSNL gateway. Ericsson has also
installed over 1.3 million fixed lines in
Ericsson is also the sole supplier of AXE-based Trans-local switches for carrying Reliance's backbone traffic.
IP AND DATACOM
Ericsson has also emerged strongly in the area of IP and
Datacom, having bagged 11 of 15 circle wide orders from BSNL, based on
Ericsson in
SONY ERICSSON
For the Indian consumers, our joint venture with Sony is
well represented in
Ericsson has identified
TECHNOLOGY ABSORPTION
Research & Development :
§ Research & Development : Localisation for cost effectiveness & substitution on the product is an ongoing exercise.
§ Efforts in-brief made towards technology: Technology imported to manufacture digital absorption, adoption & innovation. Telephone exchange installation and commissioning network for GSM system has been absorbed by the company.
§ Benefits derived out of above efforts: Import substitution and cost reduction.
§
Information of imported technology : Name of Collaborator – M/s
Telefonaktibolaget LM Ericsson Telecom AB,
§ Year of import of technology: 1994-95
§ Future plan of action : Complete technology absorption in Telecom Industry.
§ ISO Certificate Number: FS 52983
SERVICES
Consultancy Services:
§ A full range of consultancy services in the areas of business, processes, network and competence development. Each of the services is delivered by highly-skilled consultants - every one a specialist within their chosen discipline.
INTEGRATE
They provide design, implementation and integration of networks and systems in multi-vendor environments, supporting customers in evolving networks and systems to optimize technical solutions as well as business support systems and end-user applications.
MANAGE
Managed and Support
Services focus on network operations. The service offering range from
fundamental support to the management of a customer´s network, hosting service
applications and enablers as well as providing network capacity on demand. Ericsson supports more than 550 Million
subscribers globally and is the industry leader in Managed Services.
ERICSSON HEADQUARTER
Telefonaktiebolaget
L.M. Ericsson
SE-164 83
Tel. No.: 46 8 719
00 00
Email : investor.relations@lme.ericsson.se
Web ID : http://www.ericsson.com
SHARES OWNED DIRECTLY BY THE PARENT COMPANY
|
Sl No. |
Company |
Domicile |
% Ownership |
|
Manufacturing,
Distribution & Development Companies |
|||
|
|
|
|
100 |
|
|
Ericsson Shares
Services AB |
|
100 |
|
|
Ericsson |
|
100 |
|
|
LM Ericsson A/S |
|
100 |
|
|
Oy LM Ericsson Ab |
|
100 |
|
|
Ericsson GmbH |
|
100 |
|
|
Ericsson Hungary
Ltd |
|
100 |
|
|
Ericsson A/s |
|
100 |
|
|
Ericsson
Corporatio AO |
|
100 |
|
|
Ericsson AG |
|
100 |
|
|
Cia Ericsson
S.A.C.I. |
|
100 |
|
|
Teleindustria
Ericsson S.A. |
|
|
|
|
Ericsson Ltd., |
|
100 |
|
|
Ericsson ( |
|
100 |
|
|
Nanjing Ericsson
Panda Communication Co. Ltd |
|
25 |
|
|
Ericsson India
Pvt Ltd |
|
100 |
|
|
Ericsson ( |
|
70 |
|
|
Ericsson
Telecommunications Pte Ltd |
|
100 |
|
|
Ericsson Taiwan
ltd. |
|
80 |
|
|
Ericsson ( |
|
49 |
|
Holding
Companies |
|||
|
|
Ericsson |
|
100 |
|
|
SRA Communication
AB |
|
100 |
|
|
AB |
|
100 |
|
|
LM Ericsson
Holding AB |
|
100 |
|
|
Ericsson
Participations France S.A. |
|
100 |
|
|
LM Ericsson
Holdings Ltd |
|
100 |
|
|
Ericsson S.p.A |
|
72 |
|
|
Ericsson Holding
Ltd. |
|
100 |
|
|
Ericsson Holding
II Inc |
|
100 |
|
|
Teleric Pty Ltd., |
|
100 |
|
Finance
Companies |
|||
|
|
Ericsson Gamsta
AB |
|
100 |
|
|
Ericsson Treasury
Services AB |
|
100 |
|
|
Ericsson Project |
|
100 |
|
|
Ericsson Treasury
Ireland Ltd |
|
100 |
|
|
Ericsson
Financial Services |
|
100 |
|
Joint Ventures
& Associated Companies |
|||
|
|
Sony Ericsson |
|
50 |
|
|
Ericsson Nikola
Tesla d.d. |
|
49 |
|
|
Beijing Ericsson
Mobile Communications Co Ltd |
|
25 |
Press Clippings
Kavveri Telecom enters into JV with Ericsson
Tuesday, 08.05.2007 13:49 (IST)
Mumbai, May 8: Kavveri Telecom Products
Limited has entered into an agreement with M/s Ericsson
The agreement is valid for a period of three
years up to 31.12.2009
The company estimates to get order worth
around Rs.50 Crore over the next three years under the said agreement, the
company has informed the Bombay Stock Exchange (BSE)
PRESS RELEASES
Ericsson opens R and D facility in Chennai
Chennai, Feb.
25
Subject is a
subsidiary of the Swedish telecom equipment manufacturer, plans to have about
100 engineers in the research and development (R&D) facility and a global
service delivery centre in Chennai by 2006 end.
The Communications
and IT Minister, Mr Dayanidhi Maran, inaugurated the R&D facility and the
global service delivery centre on Saturday. He asked Ericsson, which has set up
a plant in Jaipur to make base stations for mobile telephone networks, to
consider setting up a manufacturing plant in Chennai. Mr Mats Granryd, Managing
Director, Ericsson India Pvt Ltd, told newspersons that the R&D facility
and the global service delivery centre would together have about 500 engineers
in a few years.
The R&D
facility will focus on developing value-added applications for the pre-paid and
multimedia segments. The global service delivery centre will cater to global
customers, providing service integration capabilities for complex telecom
projects.
40% Share in GSM
In
Ericsson invested
about $100 million (Rs 450 crore) annually in
The Jaipur plant
can produce 10,000 base stations a year and also mobile switches. The company
is increasing its capacity to shorten the lead time for delivery to customers.
About Jaipur Factory
Its about communication between people. Rest
is Technology. Ericsson is Global. Ericsson is Local.
Our worldwide leadership in communications
technology is instrumental in giving voice and data solutions and high-speed
Internet.
Ericsson's involvement with
Ericsson has grown with the community and
plays an active part in it, no longer merely selling technology to
Ericsson's Production Facility in
Ericsson in
Jaipur Factory is the latest in an important series of 'Localization Moves' by
Ericsson involving the transfer of the technologies. The then CEO of Ericsson
Mr. Lars Ramqvist inaugurated this manufacturing unit in 1995. The unit covers the
total land area of 81000 square meters with a built- up area of 5610 sqm.
Factory came in operation for the assembly of wire-line Equipment such as AXE
Digital Switching System as Local Exchange (LE) for the use in the Indian
Telecommunication Network such as BSNL and MTNL, and also for exports to
international markets. Factory supplies included Wire line transmission
products, Digital Transit Exchange (TE), U-Mux for Railways, Splicers to DoT,
Power & Transmission equipments, ISP Products etc. Other significant
supplies included Data network (DNIP) equipments in 17 States (13 telecom
circles) of
Ericsson in
A fact to demonstrate strong Quality and Environment Management System
commitment is that the Jaipur factory is both ISO-QMS 9001:2000 and ISO-EMS
14001 Certified. BSI-UK awarded the coveted ISO 9002 certification for Jaipur
Unit in 1995 for its compliance to the Quality Management System. This
manufacturing unit also became the Third Company in Ericsson Worldwide and
First Telecommunication Company in
Ericsson now has a distinction to become the
first multinational company in
Ericsson is also offering high speed Broadband Product and Solutions to the
Sate owned MTNL Networks, through the Jaipur facility. This will be another
first, in terms of high-speed wire line broadband services in the country. It
will bring about a revolution in the high-speed communication systems and will
set precedence for other competitor services to follow suit.
All these products and services solutions are customized and supplied from
Ericsson Jaipur Facility by a highly competent and dedicated Factory team.
Achievements
2005
RBS Despatches
2204 - Indoor Version 5325 Nos.
2104 - Outdoor Version 575 Nos.
2005
235.5K Lines D-Tax orders despatched to BSNL in India
2005
256 DSLM's Despatched against Broad-Band (MTNL) Orders
2004
295.5K Lines D-Tax orders despatched to BSNL in India
2004
ISO Certification from DNV
Manufacturing setup of Radio Base
System
2002 & 2003
246.5K Lines D-Tax orders despatched to BSNL in India
2001
63K Lines of Wireline orders despatched to BSNL in India
2000
No Y2K Problems
202K and 56K Lines of Wireline orders despatched to DoT/MTNL in India
1999
981K Lines delivered to DOT/MTNL in INDIA
1998
Implemented ISO 9000:2000
Y2K Project Launched
1997
Certified by BSI UK for ISO 14001
Third company in Ericsson Worldwide and first Telecom Company in India to get
this achievement
1995
Inauguration
Certified by BSI UK for ISO 9002
1994
EIL started operations
Location
Situated on
Geographical features of the factory :
Land Area : 81000 sqm
Buildup Area
Store Area : 2200 sqm
Production Hall : 1400 sqm
Offices, Changing Rooms, Etc : 1000 sqm
Utility & Guard House : 343 sqm
Canteen : 316 sqm
Dormitory : 80 sqm
Bonded Ware House : 462 sqm
Activities
/ Products
Products
EDGE Based GSM Radio Base Station both indoor & outdoor versions
Associated Infrastructure Equipments
AXE Digital Switching Exchange
Broadband MTNL
Activities
Repair & Hardware Support
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.40.64 |
|
|
1 |
Rs.80.17 |
|
Euro |
1 |
Rs.54.74 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
8 |
|
PAID-UP CAPITAL |
1~10 |
8 |
|
OPERATING SCALE |
1~10 |
8 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
8 |
|
--PROFITABILIRY |
1~10 |
8 |
|
--LIQUIDITY |
1~10 |
8 |
|
--LEVERAGE |
1~10 |
8 |
|
--RESERVES |
1~10 |
8 |
|
--CREDIT LINES |
1~10 |
8 |
|
--MARGINS |
-5~5 |
|
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
72 |
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 |
|