MIRA
INFORM REPORT
|
Report Date : |
23.08.2008 |
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, New Delhi –
110005 |
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Country : |
India |
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Financials (as on) : |
31.12.2007 |
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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 16928420 |
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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 Ericsson, Sweden. It is a wholly owned subsidiary of Swedish Telecom
Giant. In India, subject enjoy important market share. Available information indicates
high financial responsibility of the company. Fundamentals are strong. The
company can be considered good for any normal business dealings at usual
trade terms and conditions. |
INFORMATION PARTED
BY
|
Name : |
Mr. Arun Bhat |
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Designation : |
General Manager |
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Date : |
24.07.2008 |
LOCATIONS
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Registered Office : |
4th Floor, Dhaka House 18/17 WEA Karol Bagh, New Delhi –
110005, India |
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Tel No.: |
91-124-4206000 |
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E-Mail : |
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Website : |
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Location : |
Commercial |
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Factory : |
DLF Cyber Citi No. 9, Sector – 25 A, Gurgaon – 122 002, Haryana, India |
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Tel No.: |
91-124-2560808/ 4080808 |
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Fax No.: |
91-124-2565454 |
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Head Office : |
Village and Post Offices Kukas Tehsil, Jaipur – 303101, Gujarat, India
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Tel. No.: |
91-20-27148288 |
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Fax No.: |
91-20-271482888 |
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Corporate Office : |
Ericsson Forum, DLF Cyber City, Sector 25A, Gurgaon – 122002, Haryana |
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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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Corporate Office : |
1, Lee Road, 3/F, Kolkata – 700020, West Bengal, India |
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Branch Office: |
Gurgaon (GSDC / R and d Centre/ Traing Gurgaon) 5th Floor, Tower A Building No. 8, DLF Cyberciti, Gurgaon –
122 002, Haryana, India Phone : 91-124-4372900 Fax : 91-124-4372999 Gurgaon EIL (GSDC/SSC) Building No. 9 A, DLF Cyberciti, Sector 25 A, Gurgaon – 122 002,
Haryana, India Phone : 91-124-4206000 Fax : 91-124-4206072 Bangalore Ericsson India Private Limited(Hutchinson / Bharti) Address: Prestige Meridien
1, 6th Floor, 29 M G Road, Bangalore 560 001, Karnataka, India 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, Bhubaneswar 751 001, Orissa Phone : 91-674 -534617/2532492/2534718/2534713 Fax : 91-674-2532931 Location:
Commercial Chandigarh Ericsson India Private Limited (Bharti/BSNL) Address: SCO 142 –143, Sector 34A, Chandigarh 160
022 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:39 Gopalapuram 1st
Street, Gopalapuram, Chennai 600 086 Phone :
91-44 -2811 6051-4 Fax :
91-44-2811 6077/2811 6056 Location: Commercial Chennai EIL (GSDC/SICC) 1st and
2nd Floor, Ganesh Towers, No. 152, Old No. 96/1, Luz Church Road,
Mylapore, Chennai – 600 004, Tamilnadu, India Phone :
91-44-43535305/ 43535309 Cochin Ericsson India Private Limited EIL (Bharti) Address: Hotel Le Meridien, NH-47 Bypass, Kundannur Junction, Maradu, Cochin, Kerala - 682 304 Phone : 91-484-270 6492 / 707036 Fax : 91-484-2706295 Coimbatore Ericsson India Private Limited (Airtel/Bharti) Address: 88-C, Race Course, Coimbatore, Tamil Nadu - 641 018 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, A.T. Road, Guwahati - 781001, Assam, India Phone : 91-361-2607667/8/9 Fax : 91-361-2607670 Jaipur Ericsson India Private Limited, (Factory/HEXACOM/BSNL) Address: Village and Post Office Kukas, Tehsil Amber, Jaipur 303 101, Rajasthan, India Phone : 91-1426-247280 - 88 Fax : 91-1426-247277 Jaipur EIL (BSNL and Idea) Land Mark, 3rd Floor, S – 16 A, mahavir Marg, C – Scheme, Jaipur – 302 001, Rajasthan, India Phone : 91-141-5111226 Fax : 91-141-5111226 Jammu Ericsson India Private Limited, EIL (BSNL) Address: Room Nos. 215 / 217, Hotel Jehlum Resorts, Rail Head, Opp Bahu Plaza, Gandhi Nagar Extension, Jammu 180 002 Phone : 91-191-2474947/2477440 /2477441/2477473 Fax : 91-191-2477442 Ranchi Ericsson India Private Limited, EIL (Maxis / Aircel) 2nd Floor, Hotel Yuvraj Doranda, Ranchi – 834 002, Jharkhand, India Phone : 91-651-2482825 Fax : 91-651-2482821 Kolkata Ericsson India Private Limited, EIL (Reliance/BSNL) Address: 1, Lee Road, 3rd Floor, Kolkata - 700 020 Phone : 91-33-280 4305 Fax : 91-33-2280 0088 Lucknow Ericsson India Private Limited, EIL (BSNL) Address: Deeplok Building, Ist Floor, B1/1 Mandir Marg, Mahanagar Extension, Lucknow 226 006, Uttar Pradesh Phone : 91-522 333804, 05,06,08,21 Fax : 91-522-333809 Meerut Ericsson India Private Limited, EIL (BSNL) Address: 200-204, Krishna Plaza, 2nd Floor, Opposite Shastri Nagar Telephone Exchange, Garh Road, Meerut (UP) Phone : 91-95121-2772545 to 50 Fax : 91-95121-2761503 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 Patna Ericsson India Private Limited, (BSNL) Address: 1st Floor, Chanakya Tower, Beer Chand Patel Marg, Patna - 800 001 Bihar 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 Patil Road, Pune - 411 001 Phone : 91-20-2613 6381 Fax : 91-20-2613 1380 Secunderabad Ericsson India Private Limited, EIL (BML/Hutchison) Address: 5th Floor, Gowra Plaza , # 1-8-444, S.P. Road, Begumpet, 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 Srinagar Ericsson India Private Limited, EIL (BSNL) Address: C/o Rajbagh Exchange, Gogji Bagh, Srinagar 190008 Phone : 91-194-2310987 Fax : 91-194-2310988 Shimla Ericsson India Private Limited (Bharti/ Idea/ Maxis (Aircel) 2nd Floor, Bhardwaj Niwas, Opp. Community Center, Lane – 1, Sector – 2, New Shimla – 171 009, Himachal Pradesh, India Circle H/O Phone : 91-177-2672099 Reception / Fax : 91-177-2671920 |
DIRECTORS
|
Name : |
Mr. Karl Henrik Sundstrom |
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Designation : |
Director |
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Address : |
Idunavagen, 18161 Lidingto, Stockholm, Sweden 17449 |
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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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Date of Ceasing : |
14.12.2007 |
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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, New Delhi – 110048 |
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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, New Delhi – 110048 |
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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 Stockholm, Sweden |
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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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Name : |
Mr. S R Jiwarajka |
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Designation : |
Director |
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Address : |
W – 58, Great
Kailash Part – II, New Delhi – 110048, India |
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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. Jan Campbell |
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Designation : |
Managing Director |
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Address : |
House No. 4,
Chinar Drive, DLF Chattarpur, New Delhi – 110030, India |
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Date of Birth/Age : |
12.12.1952 |
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Date of Appointment : |
01.06.2000 |
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Name : |
Mr. Olof Haau |
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Designation : |
Director |
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Address : |
109, Repulse Bat
Road Apartment, 9 A, Hong Kong |
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Date of Birth/Age : |
06.03.1943 |
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Date of Appointment : |
30.06.1999 |
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Date of Ceasing : |
01.12.2003 |
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Name : |
Mr. Mats Ulrik
Granryd |
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Designation : |
Managing Director |
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Address : |
House No. 4,
Chinar Drive, DLF Chattarpur, New Delhi – 110030, India |
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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 : |
Mr. Sushil Kumar
Jiwarjka |
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Designation : |
Alternate
Director (Alternate Director to Sita Ram Jiwarjka) |
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Date of Birth/Age : |
26.11.1956 |
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Date of Appointment : |
14.12.2007 |
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Name : |
Mr. Torbjorn
Eugen Possne (Foreigner) |
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Designation : |
Director |
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Date of Birth/Age : |
24.09.1963 |
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Date of Appointment : |
24.03.2008 |
KEY EXECUTIVES
|
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) |
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Name : |
Mr. Hans Erik
Vestberg |
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Designation : |
Chairman |
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Date of Birth/Age : |
23.06.1965 |
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Date of Appointment : |
14.12.2007 |
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Name : |
Mr. Sunil Sayal |
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Designation : |
Company Secretary |
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Date of Birth/Age : |
27.09.1961 |
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Date of Appointment : |
02.05.2001 |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
(As on 15.06.2004)
|
Names of Shareholders |
No. of Shares |
Percentage of
Holding |
|
Telefonaktiebolaget Lm ericsson |
7249999 |
100.00 |
|
A B Aulis |
1 |
0.00 |
|
Total |
7250000 |
100.000 |
Equity share breakup (Percentage of total equity)
As on 31.12.2007
|
Sr. No. |
Category |
Percentage |
|
1. |
Foreign holdings (Foreign institutional
investors, Foreign companies, Foreign financial institutions, Non-resident
Indians or Overseas corporate bodies or Others) |
100.00 |
|
|
Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Providing Telecommunication Services |
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Products : |
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Imports : |
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Products : |
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Countries : |
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Terms : |
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Purchasing : |
On L/C basis. |
PRODUCTION STATUS
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Particulars |
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 : |
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No. of Employees : |
Around 400 |
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Bankers : |
Sansad Marg, New Delhi 110 001, India
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Facilities : |
The company has availed Rs.145.000 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, India |
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Holding Company
: |
Telefonaktiebolaget LM Ericsson |
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Associates/Subsidiaries : |
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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 |
31.12.2007 |
31.12.2006 |
31.12.2005 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
725.000 |
725.000 |
725.000 |
|
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
2660.684 |
1731.272 |
1123.158 |
|
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
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NETWORTH |
3385.684 |
2456.272 |
1848.158 |
|
|
LOAN FUNDS |
|
|
|
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|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
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|
2] Unsecured Loans |
0.000 |
5328.667 |
3094.572 |
|
|
TOTAL BORROWING |
0.000 |
5328.667 |
3094.572 |
|
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DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
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|
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|
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TOTAL |
3385.684 |
7784.939 |
4942.730 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
597.237 |
396.799 |
342.420 |
|
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Capital work-in-progress |
49.410 |
25.858 |
2.215 |
|
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|
|
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INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
1071.743 |
439.105 |
273.205 |
|
|
|
|
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|
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CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
3927.505
|
4436.999
|
1399.953 |
|
|
Sundry Debtors |
26687.255
|
23510.399
|
17242.701 |
|
|
Cash & Bank Balances |
4569.255
|
116.938
|
183.039 |
|
|
Other Current Assets |
1.972
|
0.047
|
0.088 |
|
|
Loans & Advances |
2386.956
|
2303.123
|
2110.174 |
|
Total
Current Assets |
37572.943
|
30367.506 |
20935.955
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Current Liabilities |
30195.038
|
19713.633
|
14603.530 |
|
|
Provisions |
5710.611
|
3730.696
|
2007.537 |
|
Total
Current Liabilities |
35905.649
|
23444.329 |
16611.067
|
|
|
Net Current Assets |
1667.294
|
6923.177 |
4324.888
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
3385.684 |
7784.939 |
4942.730 |
|
PROFIT & LOSS
ACCOUNT
|
PARTICULARS |
|
31.12.2007 |
31.12.2006 |
|
|
Sales Turnover & Other Income |
|
53728.363 |
30270.492 |
|
|
Total Income |
|
53728.363 |
30270.492 |
|
|
|
|
|
|
|
|
Profit/(Loss) Before Tax |
|
1492.686 |
1783.254 |
|
|
Provision for Taxation |
|
505.752 |
1175.141 |
|
|
Profit/(Loss) After Tax |
|
986.934 |
608.113 |
|
|
|
|
|
|
|
|
Earnings in Foreign Currency : |
|
|
|
|
|
|
Commission & Service Charges |
|
407.040 |
255.860 |
|
|
Software Receipts |
|
481.025 |
237.843 |
|
Total Earnings |
|
888.065 |
493.703 |
|
|
|
|
|
|
|
|
Imports : |
|
|
|
|
|
|
Raw Materials |
|
12460.824 |
7934.719 |
|
|
Components |
|
3.855 |
2.955 |
|
|
Capital Goods |
|
206.867 |
30.567 |
|
|
Software/ MSC/ BSC & Radio Equip. |
|
13983.080 |
3520.033 |
|
Total Imports |
|
26654.626 |
11488.274 |
|
|
|
|
|
|
|
|
Expenditures : |
|
|
|
|
|
|
Financial Charges |
|
288.245 |
270.476 |
|
|
Prior Period Expenses |
|
0.000 |
4.689 |
|
|
Depreciation & Amortization |
|
267.331 |
180.288 |
|
|
Other Expenditure |
|
51680.101 |
28031.785 |
|
Total Expenditure |
|
52235.677 |
28487.238 |
|
KEY RATIOS
|
PARTICULARS |
|
31.12.2007 |
31.12.2006 |
31.12.2005 |
|
PAT / Total Income |
(%) |
1.84
|
2.01 |
NA |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
2.78
|
5.89 |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.91
|
5.80 |
NA |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.44
|
0.73 |
NA |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
10.61
|
11.71 |
10.66 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.05
|
1.30 |
1.26 |
LOCAL AGENCY
FURTHER INFORMATION
Fixed assets –
- Leasehold Land
- Factory Building
- Plant and Machinery - Manufacturer
- Plant and Machinery – other
- Furniture and fixtures
- Computers
- Vehicles
- Office Equipments
- Leasehold improvements
- Computers Software
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 India a competitive market in mobile service, which is volume driven and based on both GSM and CDMA technology.
The year the company
received significant orders in Phase II and III from BSNL both for expansion of
the existing networks in Northern and Eastern India amounting to Rs.2961
Million and for new networks in the States of Jammu and Kashmir, Assam, North
East and Kolkata amounting to Rs.1368 Million.
Business Activities
Subject 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 subject 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 Delhi, Mumbai, Chennai, Tamil Nadu, Andhra Pradesh, Karnataka, Maharashtra, Gujarat, Rajasthan, Himachal Pradesh, Madhya Pradesh, West Bengal, Bihar, Assam, Orissa, Punjab and the North East. Ericsson is present across the entire cellular footprint of India.
Collaborator
M/s Telefonaktiebolaget LM Ericsson, Er. Telecom AB, Sweden
Year of Imported Tech.: 1994-95
Subject exports telecommunication equipments, digital telephone exchanges.
Subject has been associated with the Indian telecommunications industry for almost a century. Way back in 1903, the company supplied its first product to India - manual switchboards to the government. Since then, Subject has contributed in just about every facet of telecommunications in India.
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 India.
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.
Ericsson Mobility World
Subject is investing in developing Mobile Internet solutions to foster the growth of Mobile Internet in India. As part of the global initiative, Ericsson has set up the "Ericsson Mobility World" in New Delhi. The center provides a platform with state-of-art facilities and resources for the development of Mobile Internet applications and solutions. The center provides access to a dedicated global pool of expertise, and helps test Mobile Internet solutions and provide up-to-date information on the worldwide development in the area of Mobile Internet. Ericsson Mobility World is partnering with various Mobile Internet solution developers, software vendors, content providers, Internet solution providers, Internet hosting companies and systems integrators. The facility includes a dedicated developer's area, presentation and testing areas, equipped with latest equipment and technology. The cellular operators in India are currently investing in infrastructure to migrate to GPRS technology, which allows high-speed connectivity.
Ip and Datacom
Subject in India has designed, built and optimised more networks in the country than any other company. The company supports the operator networks round the clock with a team of highly competent experts, state-of-art tools, methods and processes. Services such as consulting and competence development aimed towards operators have also been provided to the customers in India. To cater to the growing pre-paid and value added services market such as MMS, Unified Messaging, etc.; subject has built competence locally to integrate and support this VAS.
Sony Ericsson
For the Indian consumers, the joint venture with Sony is well represented in India under the Sony Ericsson brand. Some of their latest offerings include T610 with camera, T100, P800, P900 as well as the Blue tooth headset.
Subject has identified India as an important outsourcing location for software development. In this connection, Ericsson and Wipro have signed a Letter of Intent concerning purchase of the resources of Ericsson's software development centers in Banalore, Hyderabad and New Delhi. Related to this transaction, Ericsson will transfer the personnel working in the software development centers to Wipro. In turn, Ericsson will purchase consultancy services from Wipro that continue subject development work in India through outsourcing.
India today is at the stage for some of the most exciting developments in international telecommunications. The growth rates are expected to be one of the highest in the world and as India stands poised for a telecom revolution, Subject aims to be an important partner of the Indian telecommunications industry in its hundredth year in the country.
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.
Shares Owned Direcxtly By Parent Company
|
Sl
No. |
Company |
Domicile |
%
Ownership |
|
Manufacturing,
Distribution and Development Companies |
|||
|
|
Ericsson AB |
Sweden |
100 |
|
|
Ericsson Shares
Services AB |
Sweden |
100 |
|
|
Ericsson Austria
GmbH |
Austria |
100 |
|
|
LM Ericsson A/S |
Denmark |
100 |
|
|
Oy LM Ericsson Ab |
Finland |
100 |
|
|
Ericsson GmbH |
Germany |
100 |
|
|
Ericsson Hungary
Ltd |
Hungary |
100 |
|
|
Ericsson A/s |
Norway |
100 |
|
|
Ericsson
Corporatio AO |
Russia |
100 |
|
|
Ericsson AG |
Switzerland |
100 |
|
|
Cia Ericsson
S.A.C.I. |
Argentina |
100 |
|
|
Teleindustria Ericsson
S.A. |
Mexico |
|
|
|
Ericsson Limited |
China |
100 |
|
|
Ericsson (China)
Company Limited |
China |
100 |
|
|
Nanjing Ericsson
Panda Communication Company Limited |
China |
25 |
|
|
Ericsson India
Private Limited |
India |
100 |
|
|
Ericsson (Malaysia)
Sdn. Bhd |
Malaysia |
70 |
|
|
Ericsson
Telecommunications Pte Limited |
Singapore |
100 |
|
|
Ericsson Taiwan
ltd. |
Taiwan |
80 |
|
|
Ericsson
(Thailand) Ltd |
Thailand |
49 |
|
Holding Companies |
|||
|
|
Ericsson Telecom
AB |
Sweden |
100 |
|
|
SRA Communication
AB |
Sweden |
100 |
|
|
AB Aulis |
Sweden |
100 |
|
|
LM Ericsson
Holding AB |
Sweden |
100 |
|
|
Ericsson
Participations France S.A. |
France |
100 |
|
|
LM Ericsson
Holdings Ltd |
Ireland |
100 |
|
|
Ericsson S.p.A |
Italy |
72 |
|
|
Ericsson Holding
Limited |
United Kingdom |
100 |
|
|
Ericsson Holding
II Inc |
United States |
100 |
|
|
Teleric Pty
Limited |
Australia |
100 |
|
Finance Companies |
|||
|
|
Ericsson Gamsta
AB |
Sweden |
100 |
|
|
Ericsson Treasury
Services AB |
Sweden |
100 |
|
|
Ericsson Project
Finance AB |
Sweden |
100 |
|
|
Ericsson Treasury
Ireland Ltd |
Ireland |
100 |
|
|
Ericsson
Financial Services Ireland |
Ireland |
100 |
|
Joint Ventures and Associated Companies |
|||
|
|
Sony Ericsson
Mobile Communications AB |
Sweden |
50 |
|
|
Ericsson Nikola
Tesla d.d. |
Croatia |
49 |
|
|
Beijing Ericsson
Mobile Communications Company Limited |
China |
25 |
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 Jaipur-Delhi Highway between
Aravli Mountains. Approximately 18 Kms. from city and 7 Kms. from historical
fort of Amber, factory is located at Kukas, an upcoming Industrial area.
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 and Guard House : 343 sqm
Canteen : 316 sqm
Dormitory : 80 sqm
Bonded Ware House : 462 sqm
Press Clippings
Kavveri Telecom enters into JV with Ericsson India
Tuesday, 08.05.2007 13:49 (IST)
Mumbai, May 8: Kavveri Telecom Products Limited has entered into an agreement with M/s Ericsson India private Limited for the supply of products, to be used by them for provision of telecommunication services to its customers throughout India
The agreement is valid for a period of three
years up to 31.12.2009
The company estimates to get order worth around Rs. 500.000 millions 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 and 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 Private Limited, 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 and 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 India, Ericsson
has a 40 per cent share in providing equipment for the GSM (Global System for Mobile
Communication) market and more than a 30 per cent share of the overall wireless
technologies put together, said Mr. Granryd.
Ericsson invested
about $100 million (Rs 4500.000 Millions) annually in India, he said without
specifying how much went into each of its activities. Ericsson's businesses
include the radio base station manufacturing plant in Jaipur, and the two
facilities that were inaugurated on Saturday.
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
It’s about communication between people. Rest is Technology. Ericsson is Global. Ericsson is Local. worldwide leadership in communications technology is instrumental in giving voice and data solutions and high-speed Internet.
Ericsson's involvement with India and the
Indian telecommunications market goes back over forty years. Working closely
with local companies, installing and implementing new telecommunications
solutions and technologies as they come to market. Today Ericsson has the
distinction of playing a leading role in launching India's Telecommunications
revolution.
Ericsson has grown with the community and
plays an active part in it, no longer merely selling technology to India but
also training and developing people in the field. Ericsson is contributing its
experience and expertise in India to achieve the goals set by the Government of
India. The Company provides important infrastructural products and services for
the benefit of the industry and the masses.
Ericsson's Production Facility In India
Ericsson in India
established a manufacturing unit in the year 1994 at Kukas, Jaipur (Rajasthan).
This unit is situated approximately 15 kms north-east of Jaipur, on Delhi -
Jaipur National Highway in close vicinity of the Aravalis. Jaipur City,
popularly known as Pink City is on the tourist World map, and is also the State
Capital of Rajasthan.
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
India, Digital Trunk Exchanges (DTAX) supply with a volume of more than 500KC
to Government Operators and 10KC to Reliance. Factory had an installed assembly
capacity of 600K wire-lines per year, all rigidly monitored under Ericsson's
worldwide Quality Assurance standards.
Ericsson in India has also supplied Rs. 1.300 Millions lines order of AXE
Digital Switching System to the Government Operators BSNL and MTNL. BSNL
supplies mainly cover Southern Circles of Karnataka, Chennai, Tamilnadu and
Kerala. This facility provides Hardware Service Support to these customers
through in-house repairs of such wire-line products.
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 India to be awarded by BSI-UK for the ISO
14001 Environment Management System in 1997.
Ericsson now has a distinction to become the first multinational company in India, to start manufacturing of EDGE based GSM Radio Base Stations and associated infrastructure equipments. Through these offerings, Ericsson will host a complete range of products and solutions for the new generation of mobile communications. The offerings would include efficient voice, high-speed data, MMS and faster Internet solutions geared to cater to the new generation communication needs.
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.
CMT REPORT
(Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
1] INFORMATION ON
DESIGNATED PARTY
No records exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] 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 :
The 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.
The Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 43.38 |
|
UK Pound |
1 |
Rs. 81.34 |
|
Euro |
1 |
Rs. 64.55 |
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, they have no basis upon which to
recommend credit dealings |
No Rating |
|