MIRA
INFORM REPORT
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Report Date : |
06.02.2008 |
IDENTIFICATION
DETAILS
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Name : |
INDIAMART INTERMESH LIMITED |
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Registered Office : |
408, Ashirwad Enclave, 104 I P Extension, Delhi – 110092 |
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Country : |
India |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
13.09.1999 |
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Com. Reg. No.: |
101534 |
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CIN No.: [Company
Identification No.] |
U74899DL1999PLC101534 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
DELI03105E |
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Legal Form : |
Closely Held Public Limited Liability Company |
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Line of Business : |
The company is engaged in providing consolidated services of designing, hosting and promotion of web catalogues and hosting of web pages, renewals of web catalogues, web advertisement and software development. |
RATING &
COMMENTS
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MIRA’s Rating : |
A |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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 |
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Maximum Credit Limit : |
USD 1462668 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a well established and reputed B2B portal having
satisfactory track. Directors are reported as experienced and respectable
businessmen. Trade relations are reported as fair. Business is active.
Payments are reported as usually correct and as per commitments. The company can be considered good for normal business dealings at
usual trade terms and conditions. |
LOCATIONS
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Registered Office : |
408, Ashirwad Enclave, 104 I P Extension, Delhi – 110092 |
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Tel. No.: |
91-11-22050790/2200349 |
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Mobile No.: |
91-9810646342 |
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E-Mail : |
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Website : |
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Head Office : |
B-1, Sector-8, Noida – 201301, Uttar Pradesh, India |
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Tel. No.: |
91-120-22424945/22543946/23094634 |
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Fax No.: |
91-120-22424943 |
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Mobile : |
91-9810646342 |
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E-Mail : |
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Branches : |
·
Ahmedabad ·
Bangalore ·
Chandigarh ·
Chennai ·
Coimbatore ·
Dehradun ·
Faridabad ·
Ghaziabad
·
Gurgao ·
Hyderabad/Secunderabad ·
Indore ·
Jaipur ·
Jalandhar ·
Jodhpur ·
Kochi ·
Kolkata ·
Ludhiana ·
Madurai ·
Mumbai ·
Navi Mumbai ·
New Delhi ·
Pune ·
Rajkot ·
Surat ·
Tirupur ·
Thane ·
Udaipur |
DIRECTORS
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Name : |
Mr. Dinesh Chandra Agarwal |
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Designation : |
Director |
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Address : |
408, Ashirwad Enclave, 104 I P Extension, Delhi – 110092 |
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Date of Birth/Age : |
19.02.1969 |
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Qualification : |
Computer Software Engineer |
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Experience : |
6 years in the field of networking with companies like AT&T and Bank of America in the US. |
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Date of Appointment : |
13.09.1999 |
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Name : |
Mrs. Chetna Agarwal |
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Designation : |
Director |
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Address : |
408, Ashirwad Enclave, 104 I P Extension, Delhi – 110092 |
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Date of Birth/Age : |
28.06.1970 |
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Date of Appointment : |
13.09.1999 |
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Name : |
Mr. Brijesh Agarwal |
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Designation : |
Director |
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Address : |
408, Ashirwad Enclave, 104 I P Extension, Delhi – 110092 |
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Date of Birth/Age : |
16.09.1976 |
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Date of Ceasing : |
30.09.2005 |
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Date of Appointment : |
13.03.1999 |
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Name : |
Mr. Madhur Agarwal |
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Designation : |
Director |
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Address : |
C-94, Sector 26, Noida |
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Date of Birth/Age : |
12.06.1969 |
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Date of Ceasing : |
28.09.2005 |
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Date of Appointment : |
30.10.2003 |
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Name : |
Mr. Praveen Goel |
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Designation : |
Director |
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Address : |
C-39, Stree no.13, Madhu Vihar, I P Extension, New Delhi - 92 |
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Date of Birth/Age : |
26.06.1971 |
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Date of Ceasing : |
28.09.2005 |
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Date of Appointment : |
30.10.2003 |
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Name : |
Mr. Prakash Chandra Agarwal |
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Designation : |
Director |
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Address : |
Nanpara, District Behraich |
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Date of Birth/Age : |
01.11.1961 |
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Date of Appointment : |
01.04.2004 |
KEY EXECUTIVES
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Name : |
Mr. Madhur Agarwal |
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Designation : |
Company Secretary |
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Address : |
10 Sri Ram Road, Lucknow - 226018 |
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Date of Birth/Age : |
01.14.1979 |
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Date of Appointment : |
30.10.2003 |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
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Names of Shareholders |
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No. of Shares |
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Mr. Dinesh Chandra Agarwal |
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7891600 |
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Mr. Naresh Chand Agarwal |
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20100 |
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Mr. Prakash Chandra Agarwal |
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20100 |
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Mr. Praveen Kumar Goel |
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17100 |
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Mr. Brijesh Kumar Agarwal |
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63100 |
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Mr. Pankaj Agarwal |
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75600 |
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Mrs. Chetna Agarwal |
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71600 |
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Mr. Dinesh Chandra Agarwal (HUF) |
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30000 |
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Mr. Abhishek Bhatia |
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32500 |
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Mr. Akshi Agarwal |
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20000 |
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Mr. Vikas Agarwal |
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52500 |
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Mr. Gunjan Agarwal |
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10000 |
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Mrs. Keshar Devi Agrwal |
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10000 |
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Mr. A K Sgarwal |
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35000 |
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Mrs. Meena Agarwal |
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35000 |
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Mr. Madhup Agarwal |
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51500 |
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Bennet, Colrman and Company Limited |
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426439 |
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Times Internet Limited |
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213220 |
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Others |
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93500 |
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Total |
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9168859 |
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Category |
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Percentage |
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Directors or Relatives of directors |
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97.55 |
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Others |
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2.45 |
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Total |
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100.00 |
BUSINESS DETAILS
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Line of Business : |
The company is engaged in providing consolidated services of designing, hosting and promotion of web catalogues and hosting of web pages, renewals of web catalogues, web advertisement and software development. |
GENERAL
INFORMATION
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Bankers : |
· Axis Bank Limited · ICICI Bank Limited · HDFC Bank Limited |
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Facilities : |
- |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
Mukesh Raj and Company Chartered Accountants |
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Address : |
E-25/B, Second Floor, Laxmi Nagar, Jawahar Park, Delhi - 110092 |
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Name : |
Mukesh Goel Chartered Accountants |
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Address: |
E-25/B, Second Floor, Laxmi Nagar, Jawahar Park, Delhi - 110092 |
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Associates : |
·
Intermesh Shopping Private Limited 408, Aashirwad Encl, 104 I.P.Extension, Line of Business: Gift 2 Online Shopping ·
Indiamart Auto Services Limited Bahracich, Uttar Pradesh Line of Business: Petroleum Trading |
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Associates : |
· Online Directory Services · Online Business Catalogues · Online Trade Offers · Online Business Support Solutions |
CAPITAL STRUCTURE
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
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11000000 |
Equity shares |
Rs.10/- each |
Rs.110.000 Millions |
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2000000 |
Preference shares |
Rs.10/- each |
Rs.20.000 Millions |
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Total |
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Rs.130.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
9168859 |
Equity shares |
Rs.10/- each |
Rs.91.688
Millions |
FINANCIAL DATA
[all figures are in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2007 |
31.03.2006 |
31.03.2005 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
91.689 |
85.292 |
85.292 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
273.978 |
73.226 |
38.809 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
365.667 |
158.518 |
124.101 |
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LOAN FUNDS |
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1] Secured Loans |
1.541 |
0.826 |
1.241 |
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2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
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TOTAL BORROWING |
1.541 |
0.826 |
1.241 |
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DEFERRED TAX LIABILITIES |
1.360 |
2.445 |
2.778 |
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TOTAL |
368.568 |
161.789 |
128.120 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
135.141 |
135.101 |
108.099 |
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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INVESTMENT |
70.277 |
16.914 |
3.414 |
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DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
0.000
|
0.000 |
3.314 |
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Sundry Debtors |
18.376
|
4.529 |
7.458 |
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Cash & Bank Balances |
58.684
|
56.291 |
12.379 |
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Other Current Assets |
1.453
|
1.295 |
0.150 |
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Loans & Advances |
162.410
|
26.995 |
13.643 |
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Total
Current Assets |
240.923
|
89.110 |
36.944 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Current Liabilities |
76.838
|
60.483 |
17.655 |
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Provisions |
1.007
|
18.963 |
2.830 |
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Total
Current Liabilities |
77.845
|
79.446 |
20.485 |
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Net Current Assets |
163.078
|
9.664 |
16.459 |
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MISCELLANEOUS EXPENSES |
0.072 |
0.110 |
0.148 |
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TOTAL |
368.568 |
161.789 |
128.120 |
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PROFIT & LOSS
ACCOUNT
|
PARTICULARS |
31.03.2007 |
31.03.2006 |
31.03.2005 |
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Sales Turnover |
277.310 |
291.437 |
196.683 |
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Other Income |
9.244 |
1.866 |
0.372 |
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Total Income |
286.554 |
293.303 |
197.055 |
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Profit/(Loss) Before Tax |
85.123 |
52.743 |
23.996 |
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Provision for Taxation |
27.746 |
18.326 |
2.847 |
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Profit/(Loss) After Tax |
57.377 |
34.417 |
21.149 |
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Export Value |
N.A. |
5.728 |
N.A. |
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Import Value |
N.A. |
N.A. |
N.A. |
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Expenditures : |
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Purchases made for re-sale |
115.517 |
107.263 |
83.954 |
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Salaries, Wages, Bonus, etc. |
66.430 |
75.970 |
49.008 |
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Payment to Auditors |
0.000 |
0.254 |
0.156 |
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Interest |
0.000 |
0.470 |
0.319 |
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Insurance Expenses |
0.000 |
0.285 |
0.189 |
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Power & Fuel |
0.000 |
1.303 |
2.206 |
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Depreciation & Amortization |
0.000 |
15.374 |
13.865 |
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Financial Charges |
0.000 |
39.641 |
23.362 |
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Other Expenses |
19.484 |
0.000 |
0.000 |
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Total Expenditure |
201.431 |
240.560 |
173.059 |
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KEY RATIOS
|
PARTICULARS |
|
31.03.2007 |
31.03.2006 |
31.03.2005 |
|
PAT / Total Income |
(%) |
20.02
|
11.73 |
10.73 |
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Net Profit Margin (PBT/Sales) |
(%) |
30.69
|
18.10 |
12.17 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
22.63
|
23.52 |
16.54 |
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Return on Investment (ROI) (PBT/Networth) |
|
0.23
|
0.33 |
0.19 |
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Debt Equity Ratio (Total Liability/Networth) |
|
0.22
|
0.51 |
0.17 |
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Current Ratio (Current Asset/Current Liability) |
|
3.09
|
1.12 |
1.80 |
LOCAL AGENCY
FURTHER INFORMATION
Business :
The main objects to be pursued by the company on its incorporation were to engage in the business to design, develop, host, promote and maintain web pages and websites and to carry on business of internet and web advertising, web content design and development, web publishing, networking, network integration, e-mail and messaging solution, web enabled automation systems and solutions, Intranet, Extranet, E-business, E-commerce, Electronic Data Interchange (EDI) solutions, Cyber Solutions and all other Internet related products and services.
To carry on turnkey, on-site, off-shore or subcontract the business of developing, designing, programming, maintenance of software and to buy, sell, import, export, design, develop, implement or undertake projects in the field of computer hardware, system or application software, peripherals, electronic and web enabled devices and to carry on business of management and consultancy services relating to Information Technologies and Electronic Systems.
To buy, sell, export, import, trade, auction, retail, wholesale through e-commerce, web shopping web auction, mail order, teleshopping, electronic trading, physical trading of any products and services.
To manufacture, produce, refine, prepare, store, sell and generally to trade and deal in petroleum and all kinds of minerals oils all products and bye-products thereof including wax, paraffin, soap, paint, varnish, lubricants, illuminants and butter substitute, oil cloth, candles, glycerine, steering and in connection therewith to acquire, construct, repair, operate and use oil and such other refineries buildings, mills, factory, pumps, oil wells, derricks, distilleries, ghanies, rotaries, expellers, mechanical or hydraulic press.
The company is engaged in providing consolidated services of designing, hosting and promotion of web catalogues and hosting of web pages, renewals of web catalogues, web advertisement and software development.
It is in trade terms with:
· Electro Control, India
· Vikrant Group
· M2 Software Developments and Exports Private Limited
· Dimpal Leather Crafts
· Shyam Art and Crafts
· JK Tyres
· Essar Cellular
· Spice Corp
· Jindal Strips
· STCI
· Surajbala Exports Private Limited
· Spectrum Industries
· Mother Herbs and Agro Products
· Hart Foods
· Indo Stainless Fabtech Private Limited
· Shreenathji Chemical Industries
· Chinar International
· Sharad Enterprises
· Lotus Industries
· Kipps Confectioners Private Limited
· Sakthi Masala Private Limited
· Lovson Exports Limited
· Selective Minerals and Color Industries Private Limited
· Kirpal Export Overseas
· Sukani Enterprises
· Ishan Dyechem
· Selmeax Exports Private Limited
· Radico Export Import
· Mag Excel Exports Private Limited
· VDI Exports
· Divya International
· Nimma International
· Radico Mall
· Narasus Exports
· Bonny Baby Care Private Limited
· Great Indian Exports
· Rolex Impex Company
· Mahanagar Telephone Nigam Limited (MTNL)
· Jindal Steel and Jindal Gas
· ModiCorp
· Nirula’s
· Panasonic
· HHEC
Subject is an ISO9001:2000 Certified Company for design, development, hosting and promotion of customised websites, web based applications and B2B services.
It renders its software development, web based solutions to the following industries:
· Agro, Marine and Other Food Products and Beverages
· Apparel, Garments and Fashion Clothing and Accessories
· Automobiles, Spare Parts and Accessories
· Ayurvedic and Herbal Products
· Bicycles, Rickshaws, Spares and Accessories
· Building Construction Material, Equipment and Sanitaryware
· Chemicals, Fertilizers, Dyes and Allied Products
· Computer Hardware, Software and Accessories
· Cosmetics and Beauty Products
· Electronics and Electrical Goods and Supplies
· Gems, Jewellery and Precious Stones
· Hand Tools Garden Tools, Machine Tools and Allied Products
· Handicrafts, handmades, Gifts and Decoratives
· Home Furnishings, Home Textiles and Home Décor Accessories
· Household Consumables and Home Supplies
· Industrial Products, Spares, Goods and Supplies
· Iron, ores, Metals and Minerals.
· Leather and leather Products and accessories
· Medical, Pharma, Surgical and Healthcare Products
· Musical Instruments
· Office and Commercial Supplies and Consumables
· Packaging Material, Supplies and Accessories
· Paper and Paper Products
· Plant and Machinery, Engineering Equipment, Goods and Supplies
· Plastic and Plastic Products
· Printing and Publishing
· Railway, Shipping and Aviation Products, Spares and Equipment
· Rubber and Rubber Products
· Scientific, Measuring, Laboratory Instruments and Supplies
· Sports Goods, Games, Toys and Accessories
· Stones, Marble and Granite Supplies
· Textiles, Yarn, Fabrics and Allied Industries
It’s service catalogues are as under:
· Architectural and Designing Services
· Astrology, Vaastu and Related Services
· Business Facilation and Consultancy Services
· Domestic, Household, Hospital and Emergency Services
· Educational and Training Institutes
· Embassies, Consulates and International Information Services
· Fabrication, Repairs and Maintenance Services
· HR Consultants and Placement Agencies
· Media, Advertising, News and Tender Notification Services
· Packers and Movers, Shipping, Forwarding and Clearing Agents
· Real Estate Agents, Builders and Consultants
· Research, Development, Testing and Laboratory Services
· Trade Promotion and Information Services
· Travel, Tourism and Other Recreational Services
It offers the following services to its customers:
· Domain Name Registration
· Web designing
· Web-content development/management
· Web-application development
· E-commerce deployment
· Web-Hosting
· Search engine promotion
· Online business consultancy
· Online media planning and buying
· E-messaging solutions
· Web-castings and real time online event coverage
Fixed Assets :
·
Vehicles
·
Computers
·
Air Conditioner
·
Furniture and Fixture
·
Generator
·
Land
·
Building
·
Office Equipment and other appliances
·
Telecom Equipment
·
Indiamart Web Portals
·
Capital Work in Progress
Website details :
The customers have always found an integrated business
promotion solution more valuable than a simple web presence. Driven by this preference
of the customers, They have built their selves on the key pillars of smart
people and smart solutions for business promotion. They have developed an
integrated solution delivery framework which incorporates B2B marketplaces,
internet technology and industry knowledge.
IIL's first B2B marketplace - IndiaMART.com, marked the beginning of online
presence of Indian businesses for a global exposure. They today serve their
customers through a network of over 100 industry / product marketplaces, making
them the largest network of integrated B2B marketplaces from India.
They have always seen Internet as a business facilitator rather than a
technology phenomenon. Their usage of internet technology has therefore been
directed towards business promotion of their customers. Today, they cater to
over 10,000 customers and make internet technology work for their business.
The diversities of businesses make it imperative for them to custom-deliver
their solutions. This presents a great challenge of accumulating and using
industry knowledge to deliver high quality solutions. IIL has developed and
established standards for solution delivery and is India's first organization
of its kind to receive an ISO certification.
TEAM IIL is poised to maximize the value delivered to the customers through
continuous innovation and learning.
Awards and Achievements :
Success of the customers is their greatest achievement. Their confidence in us and the innovation, to give them the best, has got them applauds from various sources.
·
IIL's
successful business model featured on CNBC India as analysed by McKinsey
·
Declared
as India's only profit-making dotcom company by Business World (Cover story)
·
Special
footage for IIL's contribution in enabling e-business for exporters from Moradabad;
Mr Dinesh Agarwal interviewed (India Tomorrow - BBC News)
·
www.indiantravelportal.com
bags eighth "BIG" Award from Britannicaindia.com
·
IndiaMART.com
nominated for Britannica Internet Guide (BIG) Awards for excellence on Internet
·
IndiaMART.com
listed among Top Indian Websites under Business - to business category by
Ecomready
·
The
best India related yellow pages on the Net - Cosmopolitan
·
Top
Indian Site by www.indiatimes.com
·
Termed
as 'Online Gateway to Indian marketplace'- The Economic Times
·
Best
Travel Site- www.indiantravelportal.com by India Online: DD News
·
Site
of the day - Handicraft.indiamart.com by Zee News
·
Listed
in the Top Indian IT organisations survey by Dataquest
·
Intermesh
Systems listed in the top 70 Indian IT organisations by Communications World
·
Indiamart.com,
handicraft and finance top-rated amongst India's most wanted Sites - PC World
·
Intermesh
Systems listed amongst Indian IT companies - Dataquest
·
Nominated
amongst the Top 5 Indian Sites by Microsoft
·
Termed
as The Most Interactive Trading Zone on the Net by The Economic Times
Fact Sheet :
They endeavor to maximize value for the customers by offering them efficient and cost-effective solutions for business promotion, process support and transaction accomplishment.
IIL started its operations in
1996 and has stood its ground even in the toughest times. They had a
profitable business even when other
companies in this domain found it hard to sustain. Today, they operate from a 18,000 sq. ft. office in Noida (near
Delhi), and have 24 branch offices spread all over the country.
Their team includes over 850 professionals from diverse
backgrounds, bound together to serve over 12,000 customers.
Milestones
2005-06
·
IndiaMART.com completed ten successful years (1996-2006)
·
Crossed 10,000 clients mark
·
Launched MDC, a four-page online catalog for clients
·
Implemented corporate-wide WEBERP
·
Acquired new office at B-6, Sec 8, NOIDA
·
IIL's Indian Gifts Portal (IGP) team hit the charts with
Rs.13.000 Millions
2004-05
·
Became the first ISO 9001:2000 company in its domain
·
Launched an online payment gateway ABCPayments.com
·
Crossed 8000 clients
2003-04
·
Launched TrustSEAL to bridge the trust gap in B2B trade
·
Crossed 3000-clients mark
·
Touched 26 million pageviews per month, generating more than
0.300 Million business queries.
2002-03
·
Moved operations to state-of-the-art NOIDA development
center
·
Launched Online Hotel Reservation System
·
Launched Exim.indiamart.com
·
Crossed 0.2000 Million business queries mark with 12 million
pageviews
2001-02
·
Declared as "the only profitable Indian Dotcom, with
positive cash flows" by Business World - Cover Story: 14 May 2001 issue
·
Added to its service portfolio - Electronic Trade Offers,
and Request for Quotation / Request for Proposal
·
Recognised by CNBC India as one of the only profitable
dotcoms in India based on report by McKinsey
2000-01
·
Touched 5 mn pageviews/month
·
Crossed 1000 clients mark
·
Crossed 100,000 business queries/month
·
Accomplished Online projects for HHEC, Jindal Organization,
ModiCorp,
·
Won Britannica (BIG) Award for Travel.indiamart.com
·
New Branch Office in Chennai
·
Profits increased by 128% over last year
1999-2000
·
Accomplished 'Bharat On Line' - MTNL's online portal project
·
Launched auto industry channel
·
Opened branch office in Mumbai
·
Crossed Rs.10.000 Millions revenue mark
1998-99
·
Launched Handicraft, Apparel and Finance channels
·
Workforce increased to 40
·
B2B marketplace network crossed 1 million pageviews/month
mark
1997-98
·
Crossed 100 clients mark
·
Launched Travel.indiamart.com (India's largest travel portal
today)
·
Initiated franchisee network building
1996-97
·
Launched Indiamart.com as India's first online B2B directory
·
Successfully introduced the concept of freelisting and
free-query forwarding to familiarize Indian SMEs with the benefits of Internet
for business promotion
·
Accomplished India's first e-commerce project for Nirula's
(http://nirulas.com)
·
Broke-even within six months of launch
Performance
Indicators :
IIL started with a team of 4 people in a 100 sq. ft. room in 1996 and launched India's first truly interactive online business directory. Since then, they have grown to a team of over 800 people operating from 25 offices in India today.
Industries Services :
Understanding and valuable insight in forces that drive various industries, they are better equipped to offer effective solutions to the customers.
Textile and apparel is a privileged exports sector in India
contributing 30% of total exports.
India is largely an agrarian economy with a large part of
the population directly or indirectly involved in this sector.
Automotive spare parts and components is a lesser-known
industry yet a big one, with global aspirations.
It's springtime for Ayurveda and Herbal remedies sector,
with promising global market.
Indian Services Sector has been recognized as a specialized
industry at a global level.
·
Chemical
Indian chemical industry is one of the fastest growing and
promising industries today.
Construction industry boom can be seen in almost all the
developing countries.
Past few years have been a little tough for the electrical
and electronics industry in India.
Indian handicrafts sector is highly fragmented, mostly in
the form of small scale or cottage industry.
Latest reports suggest almost 30% growth in exports of the
home textile products.
·
Industrial and
Engineering Products
Industrial products and engineering sector has emerged rather
gradually in the Indian scenario.
·
Leather
Indian Leather Industry comes in the top 10 export sectors
of India valued at about US$ 2 billion.
The Indian Pharmaceutical Industry is one of the largest in
the developing world.
·
Plastic
The plastic processing sector comprises of over 30,000 units
involved in producing a variety of items.
India's global marketshare is barely 1% but 60% of the goods
manufactured in India are exported.
·
Stones
India has extensive and rich deposits of natural stones
which have extensive global demand.
·
Travel
A major foreign exchange earner, it accounted for almost 2%
of GDP in 2004.
Press Release :
IndiaMART's
'Home Decor Gifts & Crafts' Sourcing Guide for global buyers unveiled at
Mega Macao 2007
Hong Kong, China, October 19, 2007: Reassuring
its commitment to connect Indian suppliers with buyers worldwide, IndiaMART –
India's largest online B2B marketplace - launched its third in series 'Home
Decor, Gifts and Crafts' Sourcing Guide. The guide was launched at one of the
largest international trade fair in Asia- Mega Macao 18-20 Oct 2007, to ensure
maximum exposure to Indian manufacturers and suppliers. The guide content
reflects the variety, capacity and prowess of Indian handicraft manufacturers
and suppliers, and was received with a lot of interest from global buyers at
the fair.
'Home Decor, Gifts and Crafts Sourcing Guide' is the first of its kind from
India offering comprehensive coverage of pre-verified Indian suppliers in the
industry. The guide contains rich database of Indian suppliers that have been
handpicked after due diligence regarding their authenticity in domains of Home
Decor and Furnishings, Gems, Jewelery, Crafts and Gifts. "IndiaMART Sourcing Guide is aimed to
assist global buyers in their quest to find reliable suppliers from India. We
have put in a great deal of time and effort in researching variety of suppliers
for our global buyers", says "Lalit Masta – Head, Sourcing
Guide."
Mega Macao is Macao's largest international trade exhibition
where companies from over 25 countries meet face-to-face with potential global
buyers. This year, nearly 1400 exhibitors in Mega Macao' are expected to
connect with thousands of visitors from countries like Germany, Italy, France,
Spain, Korea and China. "Mega
Macao is strategically timed at this time of the year to fit in with sourcing
trips of overseas and domestic buyers. And, leveraging Macao's geographical
advantage and affinity to China, the fair attracts huge number of buyers from
around the world and create ample business opportunities for exhibitors",
says Mr Herbert Ip, Chairman of Kenfair International, the organizers of the
trade fair.
IndiaMART, with its Guide, is representing Indian manufacturers and suppliers
to global buyers, importers, buying houses, distributors, and retailers
including chain stores and mass merchandisers in the three-day-long trade
exhibition. "Home Décor Gifts and
Crafts happens to be one of the first verticals that IndiaMART forayed into
with its online B2B marketplace in 1997. Expectations from both suppliers and
buyers in the industry since then have been high from us. We hope to measure up
to the same with global circulation of our printed Sourcing Guide in addition
to our already popular online presence," puts in Mr. Dinesh
Agarwal, Founder and CEO, IndiaMART.com.
The Guide carries details and contacts of over 2000 credible
suppliers from the industry. To further ensure buyer confidence, IndiaMART has
physically identified and marked high credibility suppliers with its
'TrustSEAL' in the Guide. "The demand
of Indian handicrafts, home furnishings, crafts and gifts is growing overseas
and IndiaMART's initiatives to provide world class exposure to its customers is
truly commendable. This will certainly mean more exposure to our exports
business globally,” says Mr. Amit Malik, CEO, Saisaara Handicrafts and a
member of IndiaMART. Buyers can also access detailed information about
suppliers by viewing suppliers' online company profile and product catalogs on
IndiaMART.com.
About IndiaMART
IndiaMART is India's largest online B2B marketplace bringing Indian suppliers
and international buyers together. Established in 1996, IndiaMART is an ISO
certified company with state-of-the-art web-development centre which is one of
the largest in the world. With 750 employees and a network of 25 offices
pan-India, IndiaMART offers value service to its 300,000 members and over 5
million global buyers.
With last financial year revenues at US$ 7 million the company has grown at
over 50% CAGR for the last 5 years. IndiaMART.com has been profitable all
through the eleven years of its operations. IndiaMART's online success has been
widely acknowledged by media such as CNBC, BBC, Business Money, CNN, Business
World, Economic Times, Financial Express etc.
IndiaMART launches Engineering & Industrial Sourcing
Guide at EMO Hannover
Hannover, Germany, September 25, 2007: After a splendid response from global apparel industry buyers at ‘Sourcing at MAGIC’, Las Vegas, IndiaMART - one of the top online B2B marketplaces - released their next in series 'Engineering and Industrial Sourcing Guide' at just concluded EMO Hannover 2007, Germany. IndiaMART's latest offering, which is committed to provide maximum exposure to Indian suppliers globally, opened up with a great response with many buyers showing trade interest in India.
The Engineering and Industrial Products Sourcing Guide will help importers and
buyers across the globe by way of providing tips on sourcing and importing
goods from India. The guide also incorporates updated pre-verified supplier
data from its online marketplace for benefit of global buyers. "The
success of our Apparel Sourcing Guide has boosted in more confidence and has
encouraged us to present the second guide in a more presentable manner,"
says Lalit Masta, Head - IndiaMART Sourcing Guides.
Inaugurated by German President, Horst Kohler, EMO Hannover is the largest annual trade fair in the industry with participation from over 2118 exhibitors from nearly 42 countries. Nearly 166000 global visitors came to the mega event held from 17 September to 22 September. The fair is known for its splendid display of products and services from the global engineering industry, including machine tools, precision tools, control systems, and industrial electronics. Exhibitors from all over the world participated in the fair to put their best products and innovative ideas for international buyers.
"IndiaMART's initiative to present SMEs on the desk of global buyers with
the launch of sourcing guide has exceedingly done well. I am very happy that
Indiamart.com is representing us at such a huge platform which will surely be
beneficial for engineering industry in India," says Mr Manish Mittal, CEO
- Uni Auto International and a member of IndiaMART.
The Engineering and Industrial Sourcing Guide provides
updated information and other relevant details of the listed Indian suppliers.
Buyers can further short list suppliers marked with TrustSEAL' that is given to
select suppliers after validating their company records. This helps in building
trust among buyers looking for new suppliers in distant markets. Buyers can
even gather more detailed information about suppliers by viewing their online
presence at IndiaMART.com. Next, IndiaMART is ready to launch its Handicraft
Sourcing Guide at Hong Kong in the month of October which would include
comprehensive information on the Indian Handicrafts industry.
About IndiaMART
IndiaMART is India’s largest online B2B marketplace bringing Indian suppliers
and international buyers together. Established in 1996, IndiaMART is an ISO
certified company with state-of-the-art web-development centre which is one of
the largest in the world. With 750 employees and a network of 25 offices
pan-India, IndiaMART offers value service to its 300,000 members and over 5
million global buyers.
With last financial year revenues at US$ 7 million the company has grown at
over 50% CAGR for the last 5 years. IndiaMART.com has been profitable all
through the eleven years of its operations. IndiaMART's online success has been
widely acknowledged by media such as CNBC, BBC, Business Money, CNN, Business
World, Economic Times, Financial Express etc. Amongst its investors stands tall
the Bennett, Coleman & Co. Ltd. (Times of India Group), India's largest
print media group that has made a strategic investment in IndiaMART.com in
2006.
Branches :
Ahmedabad
4th Floor, Saroj Chamber, Opp. Ashram Road,
Near Sales India, Ahmedabad,
Gujarat, INDIA. PIN - 380 013
Phone: 91-79-30071681 / 82 / 83 / 84 / 85
Cell: +91-9904157532
Reliance No.: 91-9328135538
Bangalore
No-3, 1st Floor, 6th Cross,
Victoria
Layou, Bangalore,
Karnataka,
INDIA. PIN - 560 047
Phone:
91-80-41607030 / 32 / 33 / 34 / 32997852
Fax:
91-(80)-41476616
Reliance
No.: 91-9341749364
Chandigarh
SCO 171-172, Sector - 8 'C'
Chandigarh, India
Phone: +91-172-3001810 / 11 / 12 / 13 / 14
Reliance No.: 91-9356335227
Chennai
Vimala Arcade, 2nd Floor 3,
Kammalar
Street, Greams Road,
Chennai,
Tamil Nadu, INDIA.- 600 006
Phone: 91-44-28294051
/ 28294046 / 28294047 / 42142996
Other
Numbers: 91-44-32971686 / 32987233
Cell:
+91-9840849948
Coimbatore
No-117, Eswari Towers, 3rd Floo,
Devanga
High School Road, East R. S. Puram,
Coimbatore,
Tamil Nadu, INDIA. PIN - 641 002
Phone:
91-422-4368490 / 3252648 / 3204703 / 3209809 / 3209918
Cell:
91-9443385425
Dehradun
Suit-1300 Building-1000, Doon
Expres Business Park, Subhash Nagar,
Dehradun, Uttarakhand, INDIA. PIN - 248 002
Phone: 91-135-3209490 / 2645199 / 2643438
Reliance No.: 91-9319863181
Faridabad
Plot No: SS1-1, K/10 NIT
Faridabad,
Haryana, INDIA. PIN – 121001
Phone:
+91-129-4025392 / 94 / 95 / 96
Cell:
+91-9818887886 / 9911325770
Reliance No.: 91-9312059538
Ghaziabad
J1 Second Floor (India Bulls Building)
RDC
,Ghaziabad
Uttar
Pradesh, INDIA. PIN – 201001
Phone:
91-120-3014006 / 007 / 008
Cell:
91-9911325770
Reliance
No.: 91-9313142669
Gurgaon
Ward No.5, BLock No.44, Building No: 231
Nagar Parishad, Rajiv Nagar
Gurgaon, Haryana, INDIA. PIN – 122001
Phone: 91-124-4267184 / 185 / 186 / 183 / 182
Cell: 91-9911325770 / 9968170438
Reliance No.: 91-9313142669
Hyderabad/Secunderabad
1-7-289/C, Plot No.126
2nd Floor, B- Block
Jaya Mansion, S D Road, Paradise
Secundrabad, AP, INDIA. PIN - 500 003
Phone: 91-40-32946342 / 39185001/2/3/4
Reliance No.: 91-9391381243
Indore
207, 3rd Floor, Classic Centre,
Near Globus, M.G.Road,
Indore, MP, INDIA. PIN - 452 001
Phone: 91-731-4226722 / 3200557
Reliance No.: 91-9302272040
Jaipur
106-107, 1th Floor, Aishwarya Tower
Near Hotel Hawa Mahal, Ajmer Road
Jaipur, Rajasthan, INDIA. PIN - 302 006
Phone: 91-141-3276440 / 3277058 / 3205128 / 3207993 /
3110748 / 747
Reliance No.: 91-9313438112
Jalandhar
556, J.P. Nagar
Jalandhar, Punjab, INDIA. PIN - 144 001
Phone: 91)-181-3209489 / 3209492
Reliance No.: 91-9312099029
Jodhpur
B-404 Achal Complex, Near ICICI Bank, Jaljog Ciecle
Jodhpur, Rajasthan, INDIA. PIN - 342 001
Phone: +(91)-(291)-3269686 / 3209713
Reliance No.: +(91)-9352064029
Kochi
Govardhan Business Centre
5th Floor, Govardhan Buildings, Chittoor Road
Kochi, Kerala, INDIA. PIN - 682 035
Phone: 91-484-3200208 / 3235864 (Board)
Reliance No.: 91-9387293690
Fax: 91-484-2382326
Kolkata
Room No. 85, 8th Floor,
Chitrakoot Building
230A, A.J.C. Bose Road,
Kolkata, WB, INDIA. PIN - 700 020
Phone: 91-033-30580580/1/2/3/4
Reliance No.: 91-9331410477
Ludhiana
#5, 2nd Floor
Sona Complex, Miller Ganj
G. T. Road, Ludhiana, Punjab, INDIA. PIN - 141 003
Phone: 91-161-3264075 / 76 / 77 / 78
Cell: 91-9814355350
Madurai
Karapaga lllam, Plot No.27,
Ist Floor, 3rd Cross Street
Duraisamy Nagar, Byepassroad
Madurai - 625 010, Tamil Nadu, INDIA
Reliance No.: 91-9360033111
Mumbai
2E/ 2F/ 2I/ 2J, Rushabh Chambers, Near Marol Fire Brigade,
Off Marol Makwana Road, Marol Naka, Andheri (E)
Mumbai, Maharashtra, INDIA. PIN - 400 056
Phone: 91-22- 40946300 / 40946342
Cell: 91-9820125333
Navi
Mumbai
103 Gauri Complex, Sector 11, Opp Railway Station
CBD Belapur, Navi Mumbai
Maharashtra, INDIA. PIN - 400 614
Phone: 91-22-40126748 / 49 / 50 / 51 / 52 / 53
Cell: 91-9819986971
Reliance No.: 91-9324356695
New
Delhi
127/105, Main Najafgarh Road
Nagloi, New Delhi INDIA. PIN – 1100041
Phone: 91-11-25945897
Cell: 91-9891696457
Pune
17-18, A- Wing, 6th floor, Snehal Classique, 1707/A
Shivaji Nagar, Pune, Maharastra,
INDIA. PIN - 411 005
Phone: 91-20-30280842/ 43 / 44
Reliance No.: 91-9371156967
Rajkot
1st floor, Sameer apartment,
Dr. Yagnik Road, Rajkot,
Gujarat, INDIA. PIN - 360 001
Phone: 91-281-3202267
Reliance No.: 91-9313438112
Surat
U-82, Silver Spring, Anand Mahal Road
Opp. Shri Ram Petrol Pump, Adajan
Surat, Gujarat, INDIA.
Phone: 91-261-3067485 / 86 / 87 / 88/ 89
Reliance No.: 91-9313438112
Tirupur
No.55, Stanes Road, Fourth Street
IInd Floor,(Opp) APR Furniture,
Tamil Nadu, INDIA. PIN - 641 602
Phone: 91-421-3203651 / 52 / 53 , 4321102 / 01
Cell: 91-9443385425
Thane
301, Paradise Tower, 3rd Floor,
Gokhale Rd, Naupada,
Thane (West), Maharastra, INDIA. PIN - 400 602
Phone: 91-22-25380897 / 25436710 / 25430561 / 25430578 /
32625030
Reliance No.: 91-9323933916
Udaipur
312, M. M Complex
Near Mewar Motors Building
Udaipole, Udaipur, Rajasthan, INDIA. PIN - 313 001
Phone: 91-294-5100502
Cell: 91-9413318070
Reliance No.: 91-9350866772
CMT REPORT
(Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
1] INFORMATION ON
DESIGNATED PARTY
No records exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE
GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.39.43 |
|
UK Pound |
1 |
Rs.77.74 |
|
Euro |
1 |
Rs.58.41 |
SCORE & RATING
EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
7 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
8 |
|
--LEVERAGE |
1~10 |
8 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
7 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
61 |
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. |
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 |
|