MIRA INFORM REPORT

Report Date :

09.07.2008

IDENTIFICATION DETAILS

Name :	NOKIA INDIA PRIVATE LIMITED

Registered Office :	Radisson Complex, Commercial Plaza, 2^ndFloor, National Highway No. 8, Mahipalpur, New Delhi 110037

Country:	India

Financials (as on):	31.03.2007

Date of Incorporation :	23.05.1995

Com. Reg. No.:	55-068904

CIN No.: [Company Identification No.]	U74899DL1995PTC068904

TAN No.: [Tax Deduction & Collection Account No.]	DELN05529G DELN06295C

PAN No.: [Permanent Account No.]	AAACN2170R

Legal Form :	Private Limited Liability Company

Line of Business :	Mobile Phone, Multimedia, Enterprise Solutions and Networks

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
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

Maximum Credit Limit :	USD 41000000

Status :	Excellent

Payment Behaviour :	Regular

Litigation :	Clear

Comments :	Subject is a well established company and part of worldwide Nokia Group. Available information indicates high financial responsibility of the company. Trade relations are fair. Fundamentals are strong and healthy. The company can be considered good for any normal business dealings. It can be regarded as a promising business partner in medium to long run. We are still trying for March 2006 results. Management categorily denied to part due to fierce competition in the Indian market. The company has not filed any financials with the Government Registry after 31.03.2005 and the management remained non – cooperative despite several follows – ups.

LOCATIONS

Registered Office :	Radisson Complex, Commercial Plaza, 2^ndFloor, National Highway No. 8, Mahipalpur, New Delhi 110037
Tel. No.:	91-11-26779191
Fax No.:	91-11-26779090
E-Mail :	pooja.3.gupta@nokia.com rkmadhvapeddi@yahoo.com pv.subba rao@nokia.com
Website :	http://www.nokia.co.in

Corporate Office :	4^th Floor, Commercial Plaza, Radisson Complex, National Highway No. 8, Mahipalpur, New Delhi 110032, Delhi, India
Tel. No.:	91-11-26784100/ 51779000
Fax No.:	91-11-26779149 / 52227420/ 51779145/ 42999050
E-Mail :	pv.subba rao@nokia.com sanjay.bhasin@nokia.com rkmadhvapeddi@yahoo.com
Website :	http://www.nokia.co.in
Location :	Commercial

Nokia Networks:	701, Broadway Business Center, Ellisbridge, Law Garden Ahmedabad - 380006 , India SCO No. 367 - 368, 2F, Sec 34 A Chandigarh – 160034, India Nokia Multimedia, Networks, Enterprise Solutions 5F, Cybergreen, Building No. A and B, Cybercity, DLF - II, Gurgaon – 122002 Haryana – India Tel: 91 124 5199 000 Fax: 91 124 5199 100 Nokia, 2F, Landmark Tower Mahavir Marg, C Scheme, Jaipur - 302001 Rajasthan, India Kolkata, India 1F, Verma square, M-3, Gole Market, Mahanagar, Lucknow, Utter Pradesh-INDIA 3F, 308, Krishna Plaza, Garh Road, Meerut 250004, India 2F, 202, Paradigm-B, Mindspace, Link Road, Malad (West), Mumbai – 400064, India 3F. Radisson Complex Commercial Plaza. Mahipalpur, New Delhi 110 037, India Tel: 91 11 6779000 Fax: 91 11 6779146 573 Dealing Chambers, JM Road, Maharastra, 411004, India INPUN01, 00002952, 2951 PUNE city, 2951 Pune, India Nokia Telecom, SFZ Sipcot Industrial Park, Phase III, A I Chennai, Tamil Nadu, India

Regional Head Office:	Located at : USA Singapore Australia China Beijing New Zealand Philippines Taiwan Vietnam Malaysia

Branches :	Located at Hyderabad Ahmedabad Mumbai Bangalore Add.: Nokia House, Gandhi Bazar Main Road, Basavanagudi, Bangalore – 560004, India Tel.:91-80-41189500/ 41189501

DIRECTORS

Name :	Mr. Sanjeev Sharma
Designation :	Managing Director
Address:	C-63, 2^nd Floor, Defence Colony, New Delhi – 110 024
Date of Birth/Age :	09.09.1961
Date of Appointment :	29.03.2002

Name :	Mr. C Suresh Wadhwani
Designation :	Whole Time Director
Address:	1188 Hamicton Court, Gurgaon, Haryana.
Date of Birth/Age :	11.04.1961
Date of Appointment :	06.12.1995

Name :	Mr. Ambrish Bakaya
Designation :	While Time Director
Address:	G-2, 1^st Floor, Kailash Colony, New Delhi – 110 048.
Date of Birth/Age :	02.03.1961
Date of Appointment :	22.09.1997

Name :	Mr. Ashish Chowdhary
Designation :	Director
Address:	D –1/ 15, 2^nd Floor, Vasant Vihar, New Delhi – 110 057
Date of Birth/Age :	29.07.1965
Date of Appointment :	02.07.2004

Name :	Mr. P Subba Rao
Designation :	Director
Address:	B 3/ F 1, Opposite Seeshmahal, Ameerpet Colony, Hyderabad – 500 016, Andhra Pradesh.
Date of Birth/Age :	29.07.1965
Date of Appointment :	02.07.2004

Name :	Mr. Bathina Nath Sridhar
Designation :	Director
Address:	72 Whisper Valley, Banjara Hills, Hyderabad – 500 034,Andhra Pradesh.
Date of Birth/Age :	01.07.1957
Date of Appointment :	25.03.2002

Name :	Mr. Lehtela J Johannes
Designation :	Director
Address:	Flat C – 1, Mill Bank No. 4, Boatclvrrd 3AVE, Chennai – 600 028, Tamilnadu.
Date of Birth/Age :	28.12.1958
Date of Appointment :	01.07.2005

Name :	Mr. Shiva Kumar D
Designation :	Managing Director
Date of Birth/Age :	22.09.1959
Date of Appointment :	01.07.2006

Name :	Mr. Sachin Saxena
Designation :	Director
Date of Birth/Age :	23.05.1968
Date of Appointment :	01.03.2007

MAJOR SHAREHOLDERS

(As on 30.09.2005)

Names of Shareholders		No. of Shares

Nokia Corporation, Finland		35579299
Nokia Pte. Limited, Singapore		1

Total		35579300

(As on 31.03.2007)

Category		Percentage

Foreign Holding (FIIs, FCs, FFIs, NRIs, OCB or Others)		100.00

BUSINESS DETAILS

Line of Business :	Mobile Phone, Multimedia, Enterprise Solutions and Networks

Products:	Software Telecommunication

GENERAL INFORMATION

Bankers :	HSBC Bank

Banking Relations :	Good

Auditors :
Name :	Lovelock and Lewes Chartered Accountants
Address :	Building 8, 7^th and 8^th Floor, Tower B, DLF Cyber City, Gurgaon – 122002, Haryana, India

Holding Company:	Nokia Corporation, Finland

Subsidiaries company:	Nokia Network, Brazil Nokia (Hongkong ) Limited Nokia (Thailand) Limited Nokia Inc. USA Nokia TMC Limited - Korea Nokia UK Limited Nokia Australia Pty Limited Nokia Gmbh , Germany Israel Communication Limited, Israel Nokia Italia S.P. A. Italy Nokia Japan Company Limited, Japan Nokia Pte Limited, Singapore Nokia Kounikasyon Limited, Sti Nokia Taiwan Company Limited , Taiwan Nokia Devenezuela C A Nokia Mobil Phone, Australia Nokia (Philippines) Inc – Philippines Nokia Indonesia Nokia Denmark A/s Nokia Poland Ps Zoo Nokia (China) Investment Company Limited Nokia Spain SAU

CAPITAL STRUCTURE

Authorised Capital :

No. of Shares	Type	Value	Amount

36000000	Equity Shares	Rs. 10/- each	Rs. 360.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount

35579300	Equity Shares	Rs. 10/- each	Rs. 355.793 Millions

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2007	31.03.2006	31.03.2005
SHAREHOLDERS FUNDS
1] Share Capital		355.793	355.793	355.793
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		9911.611	3105.433	1458.297
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		10267.404	3461.226	1814.090
LOAN FUNDS
1] Secured Loans		0.000	0.000	0.000
2] Unsecured Loans		0.000	0.000	0.000
TOTAL BORROWING		0.000	0.000	0.000
DEFERRED TAX LIABILITIES		0.000	0.000	0.000

TOTAL		10267.404	3461.226	1814.090

APPLICATION OF FUNDS

FIXED ASSETS [Net Block]		3999.162	668.023	231.575
Capital work-in-progress		1294.297	2176.152	35.509

INVESTMENT		0.000	0.000	0.000
DEFERREX TAX ASSETS		52.274	221.748	139.620

CURRENT ASSETS, LOANS & ADVANCES
	Inventories	7913.625	5856.717	3187.713
	Sundry Debtors	24170.506	17943.124	10423.446
	Cash & Bank Balances	9201.944	4828.694	3256.976
	Other Current Assets	0.000	0.000	12.209
	Loans & Advances	6547.190	2716.485	1396.673
Total Current Assets		47833.265	31345.020	18277.017
Less : CURRENT LIABILITIES & PROVISIONS
	Current Liabilities	35932.781	27663.166	15197.348
	Provisions	6978.813	3286.551	1672.283
Total Current Liabilities		42911.594	30949.717	16869.631
Net Current Assets		4921.671	395.303	1407.386

MISCELLANEOUS EXPENSES		0.000	0.000	0.000

TOTAL		10267.404	3461.226	1814.090

PROFIT & LOSS ACCOUNT

PARTICULARS		31.03.2007	31.03.2006	31.03.2005
Sales Turnover [including other income]		156609.380	97552.332	57521.765

Profit/(Loss) Before Tax		10333.909	2718.580	911.085
Provision for Taxation		3524.671	1071.445	344.262
Profit/(Loss) After Tax		6809.238	1647.135	576.823

Import Value		123705.927	80764.355	NA

Export Value		20841.529	1143.583	NA

Expenditures:
	Depreciation	1203.017	222.371	0.000
	Financial Charges	191.796	15.011	0.000
	Other Expenditure	144880.658	94596.370	56610.680
Total Expenditure		146275.471	94833.752	56610.680

KEY RATIOS

PARTICULARS		31.03.2007	31.03.2006	31.03.2005
PAT / Total Income	(%)	4.35	1.69	1.00

Net Profit Margin (PBT/Sales)	(%)	6.60	2.79	1.58

Return on Total Assets (PBT/Total Assets}	(%)	19.94	8.49	4.92

Return on Investment (ROI) (PBT/Networth)		1.01	0.78	0.50

Debt Equity Ratio (Total Liability/Networth)		4.18	8.94	9.30

Current Ratio (Current Asset/Current Liability)		1.11	1.01	1.08

LOCAL AGENCY FURTHER INFORMATION

The responsibilities of the Board of Directors

The Board of Directors represents and is accountable to the shareholders of the company. The Board's responsibilities are active and not passive and include the responsibility to regularly evaluate the strategic direction of the company, management policies and the effectiveness with which management implements its policies. The Board's responsibilities further include overseeing the structure and composition of the company's top management and monitoring legal compliance and the management of risks related to the company's operations. In doing so the Board may set out annual ranges and/or individual limits for capital expenditures, investments and divestitures and financial commitments not to be exceeded without Board approval.

The Board has the responsibility for appointing and discharging the Chief Executive Officer and the President and the other members of the Group Executive Board. Subject to the requirements of Finnish law, the independent directors of the Board will confirm the compensation and the employment conditions of the Chief Executive Officer and the President upon the recommendation of the Personnel Committee. The compensation and employment conditions of the other members of the Group Executive Board are approved by the Personnel Committee.

The basic responsibility of the members of the Board is to act in good faith and with due care so as to exercise their business judgment on an informed basis in what they reasonably and honestly believe to be the best interests of the company and its shareholders. In discharging that obligation, the directors must inform themselves of all relevant information reasonably available to them.

Election, composition and meetings of the Board of Directors

Pursuant to the articles of association, Nokia Corporation has a Board of Directors composed of a minimum of seven and a maximum of ten members. The members of the Board are elected for a term of one year at each Annual General Meeting, which convenes each March or April. Since the Annual General Meeting held on April 7, 2005, the Board has consisted of ten members. Nokia's CEO, Mr. Jorma Ollila, also serves as the Chairman of the Board. The other members of the Board are all non-executive and independent as defined in the Finnish rules and regulations. The Board convened nine times during 2004, three of the meetings were held in the form of a conference call, and the average ratio of attendance at the meetings was 100%. The non-executive directors meet without executive directors twice a year, or more often as they deem appropriate. Such sessions are presided over by the Vice Chairman of the Board or, in his absence, the most senior non-executive member of the Board. In addition, the independent directors meet separately at least annually. The Board and each committee also has the power to hire independent legal, financial or other advisors as it deems necessary.

The Board elects a Chairman and a Vice Chairman from among its members for one term at a time. On April 7, 2005 the Board resolved that Mr. Jorma Ollila should continue to act as Chairman and that Mr. Paul J. Collins should continue to act as Vice Chairman. The Board also appoints the members and the chairmen for its committees from among its non-executive, independent members for one term at a time.

Under Finnish law, if the roles of the Chairman and the Chief Executive Officer are combined, the company must have a President. The responsibilities of the President are defined in the Finnish Companies Act and other relevant legislation along with any additional guidance and instructions given from time to time by the Board and the Chief Executive Officer. The responsibilities of the Chief Executive Officer are determined by the Board.

The Board and each of its committees conducts annual performance self-evaluations, the results of which are discussed in the committees, respectively, and in the full Board. The Corporate Governance Guidelines concerning the directors' responsibilities, the composition and selection of the Board, Board committees and certain other matters relating to corporate governance are available through the following link

Audit Committee

The Audit Committee consists of a minimum of three members of the Board, who meet all applicable independence, financial literacy and other requirements of Finnish law and the rules of the stock exchanges where Nokia shares are listed, including the Helsinki Exchanges and the New York Stock Exchange. Since April 7, 2005, the Committee has consisted of the following four members of the Board: Messrs. Per Karlsson (Chairman), Georg Ehrnrooth, Vesa Vainio and Arne Wessberg.

The Audit Committee is established by the Board primarily for the purpose of overseeing the accounting and financial reporting processes of the company and audits of the financial statements of the company. The Committee is responsible for assisting the Board's oversight of (1) the quality and integrity of the company's financial statements and related disclosure, (2) the external auditor's qualifications and independence, (3) the performance of the external auditor subject to the requirements of Finnish law, (4) the performance of the company's internal controls and risk management and assurance function, and (5) the company's compliance with legal and regulatory requirements. The Committee also maintains procedures for the receipt, retention and treatment of complaints received by the company regarding accounting, internal controls, or auditing matters and for the confidential, anonymous submission by employees of the company of concerns regarding accounting or auditing matters.

Under Finnish law, their external auditor is elected by their shareholders at the Annual General Meeting. The Committee makes a recommendation to the shareholders in respect of the appointment of the external auditor based upon its evaluation of the qualifications and independence of the auditor to be proposed for election or re-election. The Committee meets at least four times per year based upon a schedule established at the first meeting following the appointment of the Committee. The Committee meets separately with the representatives of the management and the external auditor at least twice a year. The Audit Committee convened three regular meetings and one extended regular meeting in 2004.

Personnel Committee

The Personnel Committee consists of a minimum of three members of the Board, who meet all applicable independence requirements of Finnish law and the rules of the stock exchanges where Nokia shares are listed, including the Helsinki Exchanges and the New York Stock Exchange. Since April 7, 2005, the Personnel Committee has consisted of the following four members of the Board: Mr. Paul J. Collins (Chairman), Mr. Daniel R. Hesse, Dame Marjorie Scardino and Mr. Vesa Vainio.

The primary purpose of the Personnel Committee is to oversee the personnel policies and practices of the company. It assists the Board in discharging its responsibilities relating to all compensation, including equity compensation, of the company's executives and the terms of employment of the same. The Committee has overall responsibility for evaluating, resolving and making recommendations to the Board regarding

(1) Compensation of the company's top executives and their employment conditions

(2) All equity-based plans

(3) Incentive compensation plans, policies and programs of the company affecting executives

(4) Other significant incentive plans

The Committee is responsible for ensuring that the above compensation programs are performance-based, properly motivate management, support overall corporate strategies and align with shareholders' interests. The Committee is responsible for the review of senior management development and succession plans.

Corporate Governance and Nomination Committee

The Corporate Governance and Nomination Committee consists of three to five members of the Board, who meet all applicable independence requirements of Finnish law and the rules of the stock exchanges where Nokia shares are listed, including the Helsinki Exchanges and the New York Stock Exchange. Since April 7, 2005, the Corporate Governance and Nomination Committee has consisted of the following three members of the Board: Dame Marjorie Scardino (Chairman), Mr. Paul J. Collins and Mr. Vesa Vainio.

Te Corporate Governance and Nomination Committee's purpose is (1) to prepare the proposals for the general meetings in respect of the composition of the Board along with the director remuneration to be approved by the shareholders, and (2) to monitor issues and practices related to corporate governance and to propose necessary actions in respect thereof.

The Committee fulfills its responsibilities by (i) actively identifying individuals qualified to become members of the Board, (ii) recommending to the shareholders the director nominees for election at the Annual General Meetings, (iii) monitoring significant developments in the law and practice of corporate governance and of the duties and responsibilities of directors of public companies, (iv) assisting the Board and each committee of the Board in its annual performance self-evaluation, including establishing criteria to be used in connection with such evaluation, and (v) developing and recommending to the Board and administering the Corporate Governance Guidelines of the company. The Corporate Governance and Nomination Committee convened five times in 2004.

Meridea Financial Software Oy, Finland

· Established 2001

· New company founded by 3i, Accenture, Nokia and Sampo for producing and marketing of software for mobile and online financial services

Nokia (Suzhou) Telecommunications Co., Limited, China

· Established 2001

· Established in 1998 as soly-owned foreign company, became Joint Venture in 2001

· Production of GSM base station and cellular transmission product

· Partner Shanghai Alliance Investment Limited

Hangzhou R&D center, China

· Established 2001

· MoU between Nokia Networks and the Zhejiang Provincial Government of China signed on November 22, 2001

· Software development, platform technology development related to Nokia's 3G networks

· Start of operatioins at the beginning of 2002

· To start cooperation with a local partner in 2003

Nice-business Solutions Finland Oy, Finland

· Established 2000

· Joint venture between ICL and Nokia focusing on developing solutions and services for Nokia's e-business and customer relationship management (CRM) needs

Nokia Neu Comm Tech Company Limited, China

· Established 2000

· Software products research and development

· Partner NEU-ALPINE Software Holding Co. Limited

Nokia Citic Digital Technology Co. (Beijing) Limited, China

· Established 1999

· Development, manufacturing and marketing of digital multimedia terminals

· Partners CITIC Technology Co. Limited and the Academy of Broadcasting Science

Symbian Limited, United Kingdom

· Established 1998

· Symbian supplies an advanced, open, standard operating system for mobile phones. Symbian OS is used in the Nokia 9200 Communicators, the Nokia 7650 and Nokia 3650 as well as in the recently announced announced Nokia N-Gage. Symbian OS is used in the S60 platform.

· The shareholders are Nokia, Psion, Motorola, Samsung, Siemens, Sony Ericsson, Ericsson and Panasonic.

ChongQing Nokia Telecommunications Co. Limited, China

· Established 1998

· Provision of a full range of services, manufacture and supply of products for fixed networks

· Partners ChongQing Telecommunications Bureau, ChongQing PTAC

Fujian Nokia Mobile Telecommunications Limited, China

· Established 1997

· Main activities in the field of GSM 900/1800 technical services, primarily network planning and optimization

· Partner Fujian PTA

Nemo Technologies Limited, Finland

· Established 1996

· Development and production of cellular radio network measurement and optimization tools

· Partner Elektrobit, Finland

Dongguan Nokia Mobile Phones Co., Limited, China

· Established 1995

· Production of mobile phones and accessories

· Partner Dongguan Nan Xin Industrial Development Co., Limited

Beijing Capitel Nokia Mobile Telecommunications Co., Limited, China

· Established 1995

· Production of GSM digital cellular systems and mobile phones

· Partner Beijing Capitel Co., Limited

Beijing Nokia Hangxing Telecommunications Systems Co., Limited, China

· Established 1995

· Production of mobile digital switches, base station controllers and fixed digital switches

· Partner Beijing Hangxing Machinery Manufacturing Corporation

Sapura-Nokia Telecommunications Sdn Bhd, Malaysia

· Established 1992

· Implementation of a DX 200 digital switching system project

· Partner Sapura Holdings

MEMBERSHIP

3GPP: The Third Generation Partnership Project (3GPP) is a global body dedicated to developing 3G specifications. 3GPP is an initiative of standards organizations from Europe, Japan, the U.S., Korea, and China with 400 companies participating in the technical work. In 1997-98, Nokia was active in establishing 3GPP as the organization to develop global 3G standards based on Wideband Code Division Multiple Access (WCDMA) technology. Specifications for WCDMA radio access networks were rapidly established, and in 2000 Nokia promoted the transfer of Global System of Mobile Communications/ Enhanced Data Rates for GSM Evolution (GSM/EDGE) standardization to 3GPP. Commercial WCDMA products on the market are based on 3GPP Release99. Standardization continues with Releases 4, 5 and 6.

3GPP2: 3GPP2 is an initiative of standardization organizations from the U.S., Korea, Japan, and China. There were 75 participating member companies as of February 2005. Nokia activities in 3GPP2 support operators that have selected cdma2000 as their preferred 3G radio interface. Nokia actively contributes to the technical specifications group for cdma2000 radio and network standards, as well as 3GPP2 organizational and steering meetings.

Association of Radio Industries and Business: ARIB was designated as "the Center for Promotion of Efficient Use of Radio Spectrum" and "the Designated Frequency Change Support Agency" by the Japanese Ministry of Internal Affairs and Communications (MIC) under the provisions of the Japanese Radio Law. ARIB conducts studies and R&D, establishes standards, provides consultation services for radio spectrum coordination, cooperates with other overseas organizations and provides frequency change support services for the smooth introduction of digital terrestrial television broadcasting. These activities are conducted in cooperation with and/or with participation by telecommunication operators, broadcasters, radio equipment manufacturers and related organizations as well as under the support by MIC.

Bluetooth SIG is a trade association that is driving the development of a short-range wireless specification for connecting digital devices. Nokia is one of the nine promoter companies of Bluetooth SIG with 3Com, Ericsson, IBM, Intel, Lucent, Microsoft, Motorola and Toshiba. In addition Bluetooth SIG has a about two thousand Associate and Adopter members worldwide.

China Communication Standardization Association: CCSA is a telecommunication industrial standards association that has more than 180 members and observers (as of February 2005), including Chinese domestic telecom operators and vendors, joint ventures of international telecom vendors, and domestic research institutes and universities. Led by The Ministry of Information Industry, China, CCSA keeps pace with global industry standardization organizations, such as ITU, 3GPP, 3GPP2, OMA, etc., and accord with the Chinese market situation. Nokia Capital Telecommunications Limited actively participates in CCSA's standard activities and promotes open standards to support international roaming and interoperability.

The CE-ATA Working Group: CE-ATA was launched in September 2004 to develop a storage interface tailored to the needs of small form factor disk drives in portable consumer electronics applications. The benefits of CE-ATA are many. From an industry perspective, small form factor disk drive suppliers can take advantage of a storage interface tailored to the needs of such devices, resulting in highly optimized disk drive designs. Host silicon providers and product integrators will also benefit from the improved integration that the tailored interface affords due to its low pin count, favorable voltages and efficient protocol. For consumers, a disk drive interface tailored to the needs of the handheld and portable consumer market segments could spur storage use in innovative new products and lead to products with a more efficient storage solution.

CELF: The CE Linux Forum is an industry group that is focused on the advancement of Linux as an open source platform for consumer electronics devices. CELF was established in July 2003 by Matsushita, Sony, Hitachi, NEC, Philips, Samsung, and Toshiba. As a steering group member in the forum, Nokia sees the interoperability between consumer electronics and mobile devices becoming increasingly important in middleware (technology) standardization work. This work is critical in order to provide consumers with easy to use products that seamlessly work in different environments.

Communications and Information network Association of Japan: With the cooperation of member companies, CIAJ is committed to the healthy development of info-communication network industries through the promotion of info-communication technologies, and contributes to the realization of more enriched lives in Japan as well as the global community by supporting wide-spread and advanced uses of information in socio-economic and cultural activities.

Digital Living Network Alliance: DLNA was formed by Nokia together with 16 other industry leaders from the PC, consumer electronics and mobile industries in 2003 to simplify sharing of digital content among consumer electronics, PCs, and mobile devices. DLNA has over 200 member companies (as of February 2005). The group is working to establish a platform of interoperability based on open industry standards to enable the transparent home network so that consumers can easily consume, manage, and distribute digital content in new ways.

DVB: The Digital Video Broadcasting Project (DVB) is an industry-led consortium of over 300 broadcasters, manufacturers, network operators, software developers, regulators, and other bodies in over 35 countries committed to designing global standards for the delivery of digital television and data services. Nokia focuses on the development of the DVB standard in areas related to digital TV set top boxes and mobile datacast services.

ETSI: The European Telecommunications Standards Institute unites 900 members from five continents. ETSI members actively participate in 3GPP, and the organization also provides secretarial support (Mobile Competence Center MCC) for 3GPP. Since 2003 ETSI has also provided secretarial support and forum hosting service for Open Mobile Alliance (OMA). Nokia's other focus areas in ETSI include Broadband Radio Access Networks (BRAN), a body developing standards for wireless local area networks (LANs) and point-to-multipoint radio links, TErrestrial Trunked Radio (TETRA), and ETSI's Joint Technical Committee BROADCAST with the European Broadcasting Union (EBU).

GSA: The Global mobile Suppliers Association (GSA) has been established to ensure that the GSM/3G supplier industry is better informed for decision-making, and that it's views and requirements are adequately represented and accepted by influencers and decision makers, particularly in areas affecting investment and business growth opportunities, on a global scale. GSA is the representative body for the GSM/3G supplier industry. It is an organisation created to meet suppliers' needs and already represents over 80% of GSM/3G market share globally. Membership is open to all suppliers of GSM/3G systems and services, from across the entire supply chain.

IEEE: Institute of Electrical and Electronics Engineers is a technical professional association of more than 377,000 individual members in 150 countries. IEEE is active in technical publishing, conferences and standardization, covering areas from computer engineering, biomedical technology, and telecommunications to electric power, aerospace, and consumer electronics. IEEE Standards Association, amongst others, develops the 802.x local and metropolitan area wired and wireless standards. Nokia also sponsors an annual Internet Award through the IEEE Foundation. The award is given for exceptional contributions to the advancement of Internet technology for network architecture, mobility, and end-user applications.

Internet Engineering Task Force: IETF is an open community of network designers, operators, vendors, and researchers concerned with the evolution of the Internet architecture and the smooth operation of the Internet. Its main task is the standardization of the core protocols of the Internet, including IPv4, IPv6, IPSec, Mobile IP, IP routing, MPLS, DNS, TCP, TLS, SNMP and DIAMETER. The IETF also standardizes some key Internet application protocols such as SIP, RTP, HTTP and SMTP, which are the foundation for services like VoIP, WWW and e-mail. As the Internet technology has become widely adopted, IETF protocols also form the basis for the work of many other standardization organizations, such as OMA, 3GPP, 3GPP2 and W3C. Nokia has a strong and active presence in the IETF.

IPDC: The Internet Protocol (IP) Datacast Forum is an international non-profit industry association founded in 2001 by Nokia, Crown Castle International, Deutsche Telekom, Digita, NTL Broadcast, Philips, Retevision, SkyStream Networks, Teracom, and The Fantastic Corporation. The Forum facilitates the growth of IP-based multimedia services for deployment over broadband networks, including DVB (Digital Video Broadcasting) and DAB (Digital Audio Broadcasting). Nokia promotes the development and the launch of IP-based datacast services over DVB-T (Digital Video Broadcast, Terrestrial) networks.

ITU: International Telecommunication Union, part of United Nations system of international organizations, is where governments and the private sector coordinate telecom networks and services globally. ITU consists of Radiocommunication Sector (ITU-R), Telecommunication Sector (ITU-T) and Development Sector (ITU-D). Nokia is a member in all sectors and believes that ITU-R has an essential role in global radio spectrum management.

JCP: Java Community Process is a framework under which the international Java Community develops and maintains Java technology specifications, such as the language, virtual machine, and different application programming interfaces. JCP forms a de facto standardization process for Java related specifications.

Khronos Group: Khronos is a member-funded industry consortium focused on the creation of open standard, royalty-free APIs to enable the authoring and playback of dynamic media on a wide variety of platforms and devices.

Liberty Alliance project was formed to deliver and support a federated network identity solution for the Internet enabling single sign-on for consumers as well as business users. Founding members of Liberty Alliance are Nokia, American Express, America Online, France Telecom, GM, HP, Mastercard, NTT DoCoMo, RSA Security, Sony, SUN Microsystems, and Vodafone. In a federated view of the world, a person's online identity, their personal profile, personalized online configurations, buying habits, and history, and shopping preferences are administered by users, yet securely shared with the organizations they choose. The role of the Liberty Alliance project is to support the development, deployment, and evolution of an open, interoperable specification for a federated network identity.

MeT:

Mobile Electronic Transactions is a company founded to establish a framework for secure mobile transactions, ensuring a consistent user experience independent of device, service, and network. The MeT is sponsored by Nokia, Ericsson, NEC, Panasonic, Siemens, and SonyEricsson. MeT is creating a common platform upon which various services can be built from a common set of components. MeT Limited is addressing the needs of application areas such as identification, authorization, credit and debit card payments, loyalty schemes, and ticketing.

Mobile IT forum: The mITF was established in Japan in order to assure early actualization of fourth generation mobile systems, such as fourth generation portable communication systems and Mobile Commerce. mITF does research and development and follows the emerging standardization activities on fourth generation mobile systems. It also coordinates with other related bodies globally, and provides information regarding 4G. mITF's purpose is to contribute to a healthy development of radio wave utilization.

MIDI Manufacturers Association: MMA has been the caretaker of Musical Instrument Digital Interface (MIDI) since its inception. MMA has overseen and helped to coordinate changes to the MIDI specification, which today remains one of the most relevant standards in the entertainment industry. The mission of MMA is to insure interoperability of MIDI products through an open standards process with broad industry participation, be proactive towards developing and enhancing MIDI to respond to market needs, encourage the use of MIDI technology and MIDI products in established and growth markets, and protect the meaning of the term MIDI as used in commerce. Nokia has contributed actively to multiple standards through MMA. The most notable of them are Scalable Polyphony MIDI (SP-MIDI), Mobile Downloadable Sounds (Mobile DLS), and Mobile eXtensible Music Format (Mobile XMF).

Multi Media Card Association: The MMCA is the open standard memory card organization, promoting worldwide adoption of a postage-stamp size, removable storage card designed especially for mobile phones and digital imaging. Founded in 1998 with 14 companies, the MMCA has grown rapidly and now has 190+ members worldwide (as of February 2005), representing all branches of mobile electronic applications, including semiconductor suppliers, software vendors and manufacturers of low power devices for storing and retrieving digital information.

Mobile Manufacturers Forum: The MMF is an international association of radio equipment manufacturers. The MMF was formed in 1998 to jointly fund key research projects, as well as to cooperate on standards, regulatory issues and communications activities concerning health and mobile phones. The goal of the MMF in research is to promote the highest quality independent research that provides relevant data to develop sound public policy.

Network Processing Forum: The NPF was organized to facilitate and accelerate the development of next-generation networking and telecommunications products based on network processing technologies. By establishing common specifications, the NPF enables equipment manufacturers to significantly reduce their design burden, while having the flexibility to use the best components to fit their requirements.

Open Base Station Architecture Initiative: The OBSAI aims to create an open market for cellular base stations. An open market will substantially reduce the development effort and costs that have been traditionally associated with creating new base station product ranges. Since OBSAI was first established in September 2002, well over one hundred companies have joined (as of February 2005), spanning base station manufacturing, module manufacturing, and component manufacturing. OBSAI members now have a complete suite of both interface and hardware specifications that will enable the production of base station modules to fit any base station utilising OBSAI interface specifications.

Open Communications Architecture Forum: OCAF conducts studies of NGN services to determine requirements for Commercial Off The Shelf technology that accelerates deployment of new carrier grade open platforms, advancing NGN infrastructure and services. The studies cover the complete solution stack and reflect views of the service provider, solution provider, and technology provider. Requirements identified by OCAF studies are documented in three predefined templates. When complete, one template describes functional requirements, a second template describes non-functional requirements (such as scalability, availability, security, and legal), and a third template describes standards requirements (such as ITU, SAF, ETSI, 3GPP, Open Mobile Alliance, IETF, etc).

Open Mobile Alliance: OMA creates specifications for mobile service enablers, and hosts interoperability program including interoperability testing for product implementations. As a sponsor member Nokia contributes to the specification requirement work, defining architectural frameworks, specification creation and interoperability program. Nokia implements OMA specifications in its mobile products.

Open Mobile Terminal Platform group: The OMTP group, formed in June 2004, aims to define those platform requirements necessary for mobile devices to deliver openly available standardized application interfaces that will provide customers with a consistent and improved user experience across different devices, while also enabling individual operators and manufacturers to customize and differentiate their offerings. Nokia participates OMTP activities as sponsor.

OSDL: Open Source Development Lab is dedicated to enable Linux and Linux-based applications for data center and carrier-class deployment. It gives open source developers around the world resources to bring Linux further into telecommunications and the enterprise. Nokia is supporting OSDL with 20 other industry leaders.

OSS/J: The OSS through Java™ Initiative is chartered to develop APIs that accelerate the development of innovative OSS/BSS solutions where all the applications function together. Nokia is one of the founding members of OSS/J. The initiative's API's help Service Providers jumpstart the deployment of end-to-end servives on next generation wireless networks and leverage the convergene of telecommunications and Internet-based solutions.

PCI Industrial Computer Manufacturers Group: PICMG is a consortium of over 450 companies (as of February 2005) who collaboratively develop open specifications for high performance telecommunications and industrial computing applications. The members of the consortium have a long history of developing leading edge products for these industries. PICMG specifications include CompactPCI® for Eurocard, rackmount applications and PCI/ISA for passive backplane, standard format cards. Most recently, PICMG completed the development of a new series of specifications, called AdvancedTCA®, for next-generation telecommunications equipment, with a new form factor and based on switched fabric architectures.

RosettaNet is a non-profit consortium of major information technology, electronic components, semiconductor manufacturing, and telecommunications companies working to create, implement, and promote open e-business process standards. These standards form a common e-business language, aligning processes between supply chain partners on a global basis. Today RosettaNet has over 500 member companies, and is a subsidiary of the Uniform Code Council, Inc. Nokia has taken an active role to drive the adoption of RosettaNet as a de facto standard in electronics and telecom industry supply chain integration.

Service Availability Forum: The SAF is a consortium of industry-leading communications and computing companies working together to develop and publish high availability and management software interface specifications. The SA Forum then promotes and facilitates specification adoption by the industry. The Service Availability™ Forum specifications enable the implementation of carrier-grade systems and services built with Commercial off-the-shelf (COTS) building blocks, for the benefit of Telecom Service Providers/Operators, Network Equipment Providers, and Independent Software Vendors.

The SD Card Association is an open industry standards organization established in 2000 by Matsushita Electric, SanDisk and Toshiba, and is supported by a consortium of over 700 companies (as of February 2005). The Association aims to set the technical and specification standards for SD memory card applications and related products and promote the wide acceptance of SD memory cards in a variety of applications.

Standard Mobile Imaging Architecture: The SMIA standard is an open standard for use by all companies making, buying or specifying miniature integrated camera modules for use in mobile applications. It is a complete standard and it is proposed that a product will be compliant with all portions of the standard. The main requirement is to be able to connect any SMIA-compliant sensor to any SMIA-compliant host system with matching capabilities and get a working system with acceptable performance.

Symbian was founded in 1998 with the aim of supporting a mass-market for Symbian OS based phones. Shareholders of Symbian are Nokia, Ericsson, SonyEricsson, Panasonic, Psion and Siemens. Symbian OS is built on open standards where possible and is equally available to all to license. Licensees have access to the source code. Symbian OS is a key component for OMA (Open Mobile Alliance) implementations and also the basis of user interfaces, such as the Series 60.

Trusted Computing Group: The TCG is an industry standardization body developing and promoting open specifications for trusted computing hardware and associated software interfaces. TCG's work spans different platforms, including PCs, servers, PDAs and mobile phones. TCG specifications aim to create a more secure computing environment, without fragmenting the security market.

TIA TR-45.3: The Telecommunications Industry Association subcommittee 45.3 deals with the evolution of Time Division Multiple Access (TDMA) Third Generation Wireless Standards (TIA/EIA-136). Nokia was a key advocate for convergence with GSM. The result is Enhanced General Packet Radio Service (EGPRS), a high-speed packet data service for both TIA/EIA-136 and GSM. Nokia continues to devote resources to the enhancement of EGPRS in 3GPP to ensure that the resulting standard meets the needs of both the TDMA and GSM communities.

TM Forum: The TeleManagement Forum (TM Forum) is a non-profit global organization that provides leadership, strategic guidance, and practical solutions to improve the management and operation of information and communications services. Its open membership of over 340 companies comprises incumbent and new-entrant service providers, computing and network equipment suppliers, software solution suppliers, and customers of communications services. TM Forum has been contributing to the Information and Communications Services (ICS) Industry for over 13 years. The TM Forum has liaison partnerships with all key standards and industry groups.

Telecommunication Technology Committee: The TTC of Japan was established as a private standardization organization in October 1985 to contribute to further activation of the field of telecommunications, in which the free competitive market principle was introduced based on the implementation of the Telecommunication Business Law in 1985, and to respond to the Japan/US Market Oriented Sector Service(MOSS) Conference, which was held in the same year. The purpose of this committee is to contribute to Japanese standardization in the field of telecommunications by establishing protocols and standards for telecommunications networks and terminal equipment, etc as well as to disseminate those standards.

Universal Plug and Play Forum: The UPnP Forum is an industry initiative whose goal is to enable simple and robust connectivity among stand-alone devices and PCs from many different vendors. The Forum consists more than 700 hundred vendors, including industry leaders in consumer electronics, computing, home automation, home security, appliances, printing, photography, computer networking, and mobile products. UPnP technology is all about making home networking simple and affordable for users.

USB Implementers Forum, Inc. is a non-profit corporation founded by the group of companies that developed the Universal Serial Bus specification. The USB-IF was formed to provide a support organization and forum for the advancement and adoption of Universal Serial Bus technology. The Forum facilitates the development of high-quality compatible USB peripherals (devices), and promotes the benefits of USB and the quality of products that have passed compliance testing. Board members of USB IF include Agere Systems, HP, Intel (the current chair), Microsoft, NEC and Philips. Nokia is actively involved in promoting new standards which promote the use of USB within the mobile device industry.

Video Electronics Standards Association: VESA is an organization that supports and sets industry-wide interface standards for the PC, workstation, and consumer electronics industries. VESA promotes and develops timely, relevant, open standards for the display and display interface industry, ensuring interoperability and encouraging innovation and market growth.

W3C: World Wide Web Consortium with its over 300 members, including Nokia, is developing common protocols that promote the evolution of the World Wide Web and its interoperability. HTML, XML and more than 40 other standards have been developed by W3C during the recent years. W3C is based at MIT (Massachusetts Institute of Technology) in the US, at ERCIM (European Research Consortium of Informatics and Mathematics) in Europe, and at Keio University in Japan. Several countries also have established local W3C offices.

WiMAX is a nonprofit corporation that has been formed to promote and certify the compliance and interoperability of devices based upon the IEEE 802.16 standards as well as future standards as may by developed by WiMAX. WiMAX promotes alignment of IEEE 802.16 standards with other standard bodies such as ETSI (HiperMAN) and China (CWTS) to ensure WiMAX is a worldwide standard. Most major telecommunications manufacturers are members (Ericsson, Siemens, Alcatel, Lucent, Nortel, Motorola). Nokia joined as principal member in November 2004.

The Wireless USB Promoter Group was formed to create a new wireless extension to USB that combines the speed and security of wired technology with the ease-of-use of wireless technology. The Promoter Group will speed time to market and ensure rapid consumer adoption by preserving and extending the investment in the existing USB device and class driver infrastructure. Broad industry participation in the Promoter Group demonstrates the multi-vendor support of the technology and will ensure interoperability of Wireless USB devices. The original USB principles of ease-of-use, compatibility, and low cost continue to influence every design decision made by the group.

WS-I: Web Services Interoperability 0rganization is an open, industry organization chartered to promote Web services interoperability across platforms, operating systems, and programming languages. The organization of over 150 members works across the industry and standards organizations to respond to customer needs by providing guidance, best practices, and resources for developing Web services solutions. Nokia believes that a rapidly increasing demand for new and versatile mobile content calls for an open specification that enables seamless connection between mobile networks and third party service provider systems.

WWRF: Wireless World Research Forum is the global forum with over 70 members for discussing research issues related to beyond 3G. The objective of WWRF is to formulate visions on strategic future research directions in the wireless field, among industry and academia, and to generate, identify, and promote research areas and technical trends for mobile and wireless system technologies. WWRF does no research itself, but research is carried out in separate projects. The forum is open to all interested parties.

3GPP: The Third Generation Partnership Project (3GPP) is a global body dedicated to developing 3G specifications. 3GPP is an initiative of standards organizations from Europe, Japan, the U.S., Korea, and China with 400 companies participating in the technical work. In 1997-98, Nokia was active in establishing 3GPP as the organization to develop global 3G standards based on Wideband Code Division Multiple Access (WCDMA) technology. Specifications for WCDMA radio access networks were rapidly established, and in 2000 Nokia promoted the transfer of Global System of Mobile Communications/ Enhanced Data Rates for GSM Evolution (GSM/EDGE) standardization to 3GPP. Commercial WCDMA products on the market are based on 3GPP Release99. Standardization continues with Releases 4, 5 and 6.

3GPP2: 3GPP2 is an initiative of standardization organizations from the U.S., Korea, Japan, and China. There were 75 participating member companies as of February 2005. Nokia activities in 3GPP2 support operators that have selected cdma2000 as their preferred 3G radio interface. Nokia actively contributes to the technical specifications group for cdma2000 radio and network standards, as well as 3GPP2 organizational and steering meetings.

The CE-ATA Working Group: CE-ATA was launched in September 2004 to develop a storage interface tailored to the needs of small form factor disk drives in portable consumer electronics applications. The benefits of CE-ATA are many. From an industry perspective, small form factor disk drive suppliers can take advantage of a storage interface tailored to the needs of such devices, resulting in highly optimized disk drive designs. Host silicon providers and product integrators will also benefit from the improved integration that the tailored interface affords due to its low pin count, favorable voltages and efficient protocol. For consumers, a disk drive interface tailored to the needs of the handheld and portable consumer market segments could spur storage use in innovative new products and lead to products with a more efficient storage solution.

CELF: The CE Linux Forum is an industry group that is focused on the advancement of Linux as an open source platform for consumer electronics devices. CELF was established in July 2003 by Matsushita, Sony, Hitachi, NEC, Philips, Samsung, and Toshiba. As a steering group member in the forum, Nokia sees the interoperability between consumer electronics and mobile devices becoming increasingly important in middleware (technology) standardization work. This work is critical in order to provide consumers with easy to use products that seamlessly work in different environments.

DVB: The Digital Video Broadcasting Project (DVB) is an industry-led consortium of over 300 broadcasters, manufacturers, network operators, software developers, regulators, and other bodies in over 35 countries committed to designing global standards for the delivery of digital television and data services. Nokia focuses on the development of the DVB standard in areas related to digital TV set top boxes and mobile datacast services.

ETSI: The European Telecommunications Standards Institute unites 900 members from five continents. ETSI members actively participate in 3GPP, and the organization also provides secretarial support (Mobile Competence Center MCC) for 3GPP. Since 2003 ETSI has also provided secretarial support and forum hosting service for Open Mobile Alliance (OMA). Nokia's other focus areas in ETSI include Broadband Radio Access Networks (BRAN), a body developing standards for wireless local area networks (LANs) and point-to-multipoint radio links, TErrestrial Trunked Radio (TETRA), and ETSI's Joint Technical Committee BROADCAST with the European Broadcasting Union (EBU).

GSA: The Global mobile Suppliers Association (GSA) has been established to ensure that the GSM/3G supplier industry is better informed for decision-making, and that it's views and requirements are adequately represented and accepted by influencers and decision makers, particularly in areas affecting investment and business growth opportunities, on a global scale. GSA is the representative body for the GSM/3G supplier industry. It is an organisation created to meet suppliers' needs and already represents over 80% of GSM/3G market share globally. Membership is open to all suppliers of GSM/3G systems and services, from across the entire supply chain.

IEEE: Institute of Electrical and Electronics Engineers is a technical professional association of more than 377,000 individual members in 150 countries. IEEE is active in technical publishing, conferences and standardization, covering areas from computer engineering, biomedical technology, and telecommunications to electric power, aerospace, and consumer electronics. IEEE Standards Association, amongst others, develops the 802.x local and metropolitan area wired and wireless standards. Nokia also sponsors an annual Internet Award through the IEEE Foundation. The award is given for exceptional contributions to the advancement of Internet technology for network architecture, mobility, and end-user applications.

IPDC: The Internet Protocol (IP) Datacast Forum is an international non-profit industry association founded in 2001 by Nokia, Crown Castle International, Deutsche Telekom, Digita, NTL Broadcast, Philips, Retevision, SkyStream Networks, Teracom, and The Fantastic Corporation. The Forum facilitates the growth of IP-based multimedia services for deployment over broadband networks, including DVB (Digital Video Broadcasting) and DAB (Digital Audio Broadcasting). Nokia promotes the development and the launch of IP-based datacast services over DVB-T (Digital Video Broadcast, Terrestrial) networks.

ITU: International Telecommunication Union, part of United Nations system of international organizations, is where governments and the private sector coordinate telecom networks and services globally. ITU consists of Radiocommunication Sector (ITU-R), Telecommunication Sector (ITU-T) and Development Sector (ITU-D). Nokia is a member in all sectors and believes that ITU-R has an essential role in global radio spectrum management.

JCP: Java Community Process is a framework under which the international Java Community develops and maintains Java technology specifications, such as the language, virtual machine, and different application programming interfaces. JCP forms a de facto standardization process for Java related specifications.

MeT: Mobile Electronic Transactions is a company founded to establish a framework for secure mobile transactions, ensuring a consistent user experience independent of device, service, and network. The MeT is sponsored by Nokia, Ericsson, NEC, Panasonic, Siemens, and SonyEricsson. MeT is creating a common platform upon which various services can be built from a common set of components. MeT Limited is addressing the needs of application areas such as identification, authorization, credit and debit card payments, loyalty schemes, and ticketing.

Mobile IT forum: The mITF was established in Japan in order to assure early actualization of fourth generation mobile systems, such as fourth generation portable communication systems and Mobile Commerce. mITF does research and development and follows the emerging standardization activities on fourth generation mobile systems. It also coordinates with other related bodies globally, and provides information regarding 4G. mITF's purpose is to contribute to a healthy development of radio wave utilization.

MultiMediaCard Association: The MMCA is the open standard memory card organization, promoting worldwide adoption of a postage-stamp size, removable storage card designed especially for mobile phones and digital imaging. Founded in 1998 with 14 companies, the MMCA has grown rapidly and now has 190+ members worldwide (as of February 2005), representing all branches of mobile electronic applications, including semiconductor suppliers, software vendors and manufacturers of low power devices for storing and retrieving digital information.

OSDL: Open Source Development Lab is dedicated to enable Linux and Linux-based applications for data center and carrier-class deployment. It gives open source developers around the world resources to bring Linux further into telecommunications and the enterprise. Nokia is supporting OSDL with 20 other industry leaders.

OSS/J: The OSS through Java™ Initiative is chartered to develop APIs that accelerate the development of innovative OSS/BSS solutions where all the applications function together. Nokia is one of the founding members of OSS/J. The initiative's API's help Service Providers jumpstart the deployment of end-to-end servives on next generation wireless networks and leverage the convergene of telecommunications and Internet-based solutions.

Trusted Computing Group: The TCG is an industry standardization body developing and promoting open specifications for trusted computing hardware and associated software interfaces. TCG's work spans different platforms, including PCs, servers, PDAs and mobile phones. TCG specifications aim to create a more secure computing environment, without fragmenting the security market.

TIA TR-45.3: The Telecommunications Industry Association subcommittee 45.3 deals with the evolution of Time Division Multiple Access (TDMA) Third Generation Wireless Standards (TIA/EIA-136). Nokia was a key advocate for convergence with GSM. The result is Enhanced General Packet Radio Service (EGPRS), a high-speed packet data service for both TIA/EIA-136 and GSM. Nokia continues to devote resources to the enhancement of EGPRS in 3GPP to ensure that the resulting standard meets the needs of both the TDMA and GSM communities.

TM Forum: The TeleManagement Forum (TM Forum) is a non-profit global organization that provides leadership, strategic guidance, and practical solutions to improve the management and operation of information and communications services. Its open membership of over 340 companies comprises incumbent and new-entrant service providers, computing and network equipment suppliers, software solution suppliers, and customers of communications services. TM Forum has been contributing to the Information and Communications Services (ICS) Industry for over 13 years. The TM Forum has liaison partnerships with all key standards and industry groups.

W3C: World Wide Web Consortium with its over 300 members, including Nokia, is developing common protocols that promote the evolution of the World Wide Web and its interoperability. HTML, XML and more than 40 other standards have been developed by W3C during the recent years. W3C is based at MIT (Massachusetts Institute of Technology) in the US, at ERCIM (European Research Consortium of Informatics and Mathematics) in Europe, and at Keio University in Japan. Several countries also have established local W3C offices.

WS-I: Web Services Interoperability 0rganization is an open, industry organization chartered to promote Web services interoperability across platforms, operating systems, and programming languages. The organization of over 150 members works across the industry and standards organizations to respond to customer needs by providing guidance, best practices, and resources for developing Web services solutions. Nokia believes that a rapidly increasing demand for new and versatile mobile content calls for an open specification that enables seamless connection between mobile networks and third party service provider systems.

WWRF: Wireless World Research Forum is the global forum with over 70 members for discussing research issues related to beyond 3G. The objective of WWRF is to formulate visions on strategic future research directions in the wireless field, among industry and academia, and to generate, identify, and promote research areas and technical trends for mobile and wireless system technologies. WWRF does no research itself, but research is carried out in separate projects. The forum is open to all interested parties

Press Clippings

NOKIA: Nokia's hottest spot

India has been an unexpected success story for Nokia. And the happy times show no sign of waning

Monday, June 13, 2005

No other telecom equipment company had a more eventful year than Nokia. The Finnish vendor registered a huge 140 percent growth in its business in India, which catapulted its India operations to become Nokia's fifth largest market in the world. In the year prior to that, the India operations had ranked sixth; and in 2002 and 2001, ninth and tenth, respectively. This growth came from both the mobile handset and infrastructure segments.

Even though there was lot more competition in both the mobile phone segment last year, Nokia remained the undisputed leader. Besides its wide range of phones and the widespread business infrastructure that it has in India, its deepening commitment to the Indian market aided its 100 percent growth in the mobile phone business. Nokia's growing faith and commitment in India was reflected not just in its India-centric product strategy and marketing campaigns but also in its plan to invest in manufacturing in handset as well as infrastructure space.

In many ways, Nokia's success in India is a manifestation of the success of telecom here. The vendor was a key beneficiary of the tremendous growth that the mobile subscriber base witnessed past year and the huge investments that operators made in the expanding their networks.

V&D estimates CyberMedia Research

Highlights

India emerged as the fifth largest market for Nokia globally
Nokia India's revenue from GSM handsets in FY 2004–05 was Rs 46000 millions
Infrastructure business contributed Rs 27710 millions
Nokia announced plans to set up mobile handsets and infrastructure equipment manufacturing plant in India

Nokia to supply Push to Talk to Fujian MCC in China

January 12, 2006

Espoo, Finland - Fujian Mobile Communications of China has chosen Nokia's Push to Talk over Cellular (PoC) platform to provide a new, instant communication service to enterprises in Fujian province, and plans to later expand the service to consumers.

The deal underlines Nokia's strength in the dynamic Chinese mobile market, as well as its leadership in Push to Talk technology. To date Nokia has over 45 PoC references globally.

In addition to the PoC platform, the contract includes Systems Integration (SI) services to Fujian MCC's provisioning and billing platforms. Nokia SI services integrate complex service platforms and related IT systems to work as a one seamless entity in the customer environment.

"They are pleased to continue their good cooperation with Fujian MCC and support them in getting the most out of their network resources," says James Lin, Vice President, Networks, Nokia China. "The Nokia PoC service attracts new subscribers, and can help operators increase their average revenue per user."

Nokia's PoC solution offers a direct one-to-one and one-to-many voice communication service in cellular networks. The 'always on' connection offers a direct and convenient voice connection with the press of a button. Nokia's end-to-end PoC solution will be compliant with the OMA standard. The Nokia PoC solution is compatible with the IP multimedia subsystem (IMS) as standardized in 3GPP.

Nokia has been the main GSM network supplier of Fujian MCC since 1995. Over the years, Fujian MCC has been piloting many new mobile services including China's first GPRS commercial trial network and China's first mobile multimedia service trial network using Nokia mobile solutions.

About Fujian MCC

Fujian Mobile Communications Corporation Limited is one of the wholly owned subsidiaries of China Mobile (HK) Limited and was listed in Hong Kong and New York Stock Exchanges in 1999. The operator serves Fujian province in east China with over 7.5 million mobile subscribers.

About Nokia

Nokia is a world leader in mobile communications, driving the growth and sustainability of the broader mobility industry. Nokia connects people to each other and the information that matters to them with easy-to-use and innovative products like mobile phones, devices and solutions for imaging, games, media and businesses. Nokia provides equipment, solutions and services for network operators and corporations.

Exercises with stock options of Nokia Corporation

January 10, 2006

A total of 67,004 shares of Nokia Corporation ("Nokia") were subscribed for as of December 30, 2005 based on Nokia's 2003 employee stock option plan. This resulted in an increase of EUR 4,020.24 in Nokia's share capital and an increase of EUR 959,320.84 in shareholders equity. The new shares carry full shareholder rights as from the registration date, January 10, 2006. The shares are admitted to public trading on the Helsinki Exchanges as of the same date together with the old Nokia share class (NOK1V).

As a result of the increase, the share capital of Nokia is currently EUR 266,033,192.40 and the total number of shares is 4,433,886,540 including the shares that are held by the company.

Nokia makes two of its most popular phones even better with Bluetooth technology

January 05, 2006

Nokia 6102i/6103 phones add popular Bluetooth technology to highly successful mid-range compact fold design

Las Vegas, Nevada, USA - Building upon the popularity of the Nokia 6101 and Nokia 6102 phones, Nokia (NYSE: NOK) today announced the Nokia 6102i and Nokia 6103 phones, both of which add the convenience of Bluetooth technology to the already strong feature sets found on these compact mid-range fold-style phones. The Nokia 6102i phone carries on the same striking design found on the Nokia 6102 phone, while the new Nokia 6103 phone features an updated modern look but retains the compact size and exceptional ease-of-use that made the Nokia 6101 phone such a hit with customers. The Nokia 6102i and Nokia 6103 phones will be available in a GSM 900/1800/1900 version primarily for markets in Europe, Africa and Asia while a GSM 850/1800/1900 version will be available primarily for markets in the Americas. Both phones are planned to be available during the 1st quarter of 2006 and are expected to retail for approximately €200, before applicable taxes or subsidies.

The addition of Bluetooth technology to this popular phone platform opens up a myriad of options for owners to increase the productivity and convenience of their mobile experience. Nokia offers a wide array of Bluetooth technology-enabled enhancements such as wireless car kits and wireless headsets as part of its line of mobile enhancements. Today, Nokia announced a new trio of wireless headsets including one of the smallest such devices ever made available. Additionally, with an increasing number of products being introduced to market incorporating Bluetooth technology - from laptops to automobiles - owners of the Nokia 6102i and Nokia 6103 phones will find an ever expanding number of ways to use their mobile devices.

"The Nokia 6101 and Nokia 6102 phones have proven to be extremely successful. The combination of a modern, compact folding design with a strong feature set and Nokia's easy-to-use interface has proven to be an irresistible draw for customers shopping for a mid-range handset," said Aage Snorgaard senior vice president of broad appeal products for Nokia. "With Bluetooth technology currently being on the top of many customers 'wish lists', the addition of Bluetooth technology to this equation will make the Nokia 6102i and Nokia 6103 phones even more attractive to wireless consumers."

Along with Bluetooth technology, the Nokia 6102i and Nokia 6103 phones offer a strong feature set including a VGA camera with dedicated camera key, Nokia Xpress audio messaging for sending audio clips with just the touch of a few buttons and dual color screens with support for animated wallpapers and screensavers. Synchronizable contact and calendar information, voice dialing and recording and a built-in handsfree speakerphone make the Nokia 6102i and Nokia 6103 phones a perfect productivity companion, while an integrated FM radio and downloadable content support including MIDI and MP3 ring tones, themes and games satisfy the need for fun.

About Nokia

Tero Ojanpera has been designated a Young Global Leader in 2006

January 09, 2006

Tero Ojanpera joins 175 leading executives, public figures and intellectuals under the age of 40 from 50 countries who have been selected to collectively shape the future.

Geneva, Switzerland - The Forum of Young Global Leaders, an affiliate of the World Economic Forum, proudly announces today that Tero Ojanpera, Chief Strategy Officer, Executive Vice-president & Member of the Group Executive Board of Nokia based in Europe, has been named a Young Global Leader 2006. He is one of 44 Europeans chosen to become Young Global Leaders in 2006 and will join a global community now including 410 leaders from all regions and stakeholder groups.

Established in 2004 by Professor Klaus Schwab, Executive Chairman of the World Economic Forum, the Forum of Young Global Leaders is a unique, multi-stakeholder community of the world's most extraordinary leaders who are 40 years old or younger and who are ready to dedicate a part of their time and energy to jointly work towards a better future. They engage together in the 2020 Initiative, a comprehensive endeavour, to understand current and future trends, risks and opportunities both at global and regional levels, formulate a positive vision for the world in 2020 and put forward concrete strategies to translate their vision into action.

Each year a new class of around 200 YGLs is selected for a five year membership, ultimately forming a community of 1,111 by 2009. The 2006 class was chosen from among 3,500 candidates by the Forum of Young Global Leaders' Nomination Committee, featuring 28 international media leaders, including Carl-Johan Bonnier of Bonnier AB in Sweden, Arthur Sulzberger, the publisher of the New York Times, Tom Glocer, chief executive of Reuters and Rui Chenggang, Director and Anchor of China Central Television in the People's Republic of China. The Committee is chaired by Her Majesty Queen Rania of the Hashemite Kingdom of Jordan.

The 2006 class of Young Global Leaders includes over 60 business leaders, more than 30 government leaders, and dozens of scholars, media and nongovernmental organization leaders. They come from 50 countries ranging from Argentina to Zimbabwe. Tero Ojanpera joins a community representing 90 countries that includes Larry Page and Sergey Brin, co-founders of Google; Mikheil Saakashvili, President of Georgia; Kumi Naidoo, Secretary-General and Chief Executive Officer, Civicus: World Alliance for Citizen Participation; Daniela Mercury, Singer, Brazil and Michelle Guthrie, Chief Executive Officer, Star Group.

During their first meeting in Zermatt, Switzerland and throughout 2005, Young Global Leaders formed task forces addressing priority global challenges for 2020 in the areas of development and poverty, global governance and security, environment, education, and health. In addition, a delegation of Young Global Leaders visited the earthquake-affected areas of Pakistan in December 2005 as a first effort in supporting disaster relief and long-term reconstruction.

The Young Global Leaders will meet as a community at their Annual Summit in Vancouver, Canada, 9-12 June 2006, when they will engage together in the 2020 Initiative, a comprehensive endeavour, to understand current and future trends, risks and opportunities at both the global and regional levels, formulate a positive vision for the world in 2020 and put forward concrete strategies to translate their vision into action.

For more information and a detailed list of all Young Global Leaders, please visit www.younggloballeaders.org as of 9 January 00.01 CET.

The Forum of Young Global Leaders is an independent, Geneva, Switzerland-based foundation whose mission is to build a unique, multi-stakeholder community of the world's most extraordinary leaders under the age of 40 and give them a platform to collaborate and shape best practices for the future of the world. Each year they identify and mobilize a new group of 200 exceptional men and women in business, politics, academia, the media and civil society from every region in the world. Together, they form a powerful international force for the global common good.

Consumer Durables

No.1 Nokia India: Thinking local

Sanjeev Sharma’s focus on the Indian consumer has made Nokia India a billion-dollar organisation

Global corporations, particularly world leaders, are rarely open to localisation of their products and strategies. For most of them, the term 'glocal' is more a smart management term than a pointer to act local. For Nokia India, however, glocal is becoming more of a habit.

In its first experiment with localisation in 1998, Nokia believes it created a bond with the Indian consumer with tunes like Sare jahan se achcha in its 5110 model. In 2000, its first Hindi user interface in the 3210 model gave Nokia the confidence to target its product development efforts at the Hindi-speaking population. Next year, Nokia introduced the Hindi text messsaging facility in the 3610.

But last year, Nokia India became more Indian than ever before. It launched two models - 1100 and 1108 - that had been developed specifically for India, after intensive research on the Indian customer's specific needs. The phone gave an integrated torch, a sheath-covered keypad for dust protection and a slip-free grip.

The models were creations of Nokia's Mobile Entry business unit - a team created to focusexclusively on developing products for markets with high population and low penetration. India, apart from China, Indonesia and Africa, was one of the top-priority markets.

The strategy seems to be working. Nokia's first 'Made for India' model, the 1100, is the largest selling model in the Indian GSM handsets market. Some of its features, like the torchlight, have become standard in models like the 3112 CDMA handset. Nokia's marketshare has gone up from 58.2 per cent in July 2003 to 59.6 per cent in July 2004. The five largest selling handset models in the market are all Nokia's. Besides, the company today has a substantial share of both ends of the market. It has 77 per cent of the Rs 3,000-4,000 phone market and about 68 per cent of the over-Rs 15,000 phone market.

No. 2 Titan Industries Bhaskar Bhat, managing director

Beginning next year, non-Hindi speaking customers will also have little to complain against Nokia India. The company has prioritised software development in at least seven Indian languages, to begin with. The roll-outs will begin in 2005.

Next, of course, is manufacturing. "They have been evaluating manufacturing (in India) for a long time. They are committed to development of a robust manufacturing sector," says Sanjeev Sharma, MD, Nokia India. What he wouldn't say is how and when.

No. 3 Samsung India K.S.Kim, CEO

For the moment, the Mobile Manufacturers Association - of which Nokia India is a member - has hired KPMG to prepare a study on the environmental and regulatory factors necessary to manufacture handsets in India. The study has involved representatives from the IT ministry as well. Mobile manufacturers would prefer long-term policy stability if they take a decision to invest in manufacturing in India.

Nokia, of course, is evaluating its own options. Foremost, it prefers to set up its manufacturing facilities around major international airports. There are around 400 parts in a handset. The average capacity of a mobile handset plant is 20 million units. That's eight billion components per annum - a logistical nightmare in any part of the world. The more co-located vendors there are, the better it is.

There is no vendor interest as yet, but even the most pessimistic agree that manufacturing handsets in India will become a necessity for Nokia very soon. The domestic market has already crossed the 40-million-units mark and the grey market has shrunk from 90 per cent in 2002 to under 25 per cent today. And, for the 23-billion Nokia, India has become the sixth largest market. And the country delivers around $1 billion in annual revenues, in comparison with the largest, the US's $4 billion.

Press Relaeses :

Multifunctional Mobiles Make the World Go Round

June 06, 2006

Results of Nokia Nseries Study Reveal Widespread Consumer Demand for Digital Convergence

Espoo, Finland - Almost one in two people around the world now use their mobile device as their main camera, over two thirds predict a music-enabled mobile will replace their MP3 player and nearly half want to connect up their mobile device with their home electronics. According to new research from Nokia, consumers are not only embracing convergence but clamoring for more of it.

With more and more functionality being packed into mobile devices, Nokia Nseries, Nokia's high performance multimedia range, commissioned research in 11 countries around the globe to discover people's views on today's and tomorrow's multitalented mobiles.

The world's growing love affair with mobile devices

Multifunctional mobile devices have already replaced certain gadgets in people's lives. Nearly half of respondents (44%) use their mobile device as their primary camera, with India being home to the most prolific mobile photographers (68%). Globally, seventy two percent now don't use a separate alarm clock and 73% use their mobile as their main watch or clock.

When it comes to surfing the web on the move, over a third (36%) of respondents are browsing on their mobile devices at least once a month. Inevitably, Japan leads the way in mobile internet usage with 37% admitting to going online on their mobile on a daily basis.

With an ever increasing list of features, it's not surprising that people can't imagine life without a mobile: 94% of those questioned plan to have a mobile in the future. People in Brazil love mobiles so much that 100% believe they'll own a mobile device in years to come. In fact, mobiles are so indispensable that over one in five (21%) would be more upset about losing their mobile than their wallet, credit cards and even their wedding ring.

Recording the impact of mobile music

Digital music has completely re-shaped the world's music buying and listening habits: the study found 67% of people around the world now download a percentage of their music and 87% claim their music in-take has increased since owning a digital music device. Germany clocks up the most listening time: 28% admit to listening to 21 hours or more of music every week. And what is the world listening to? Pop (35%), followed by rock (21%), dance (8%) and classical (7%).

Music-enabled mobiles devices are set to be at the heart of future digital music consumption: 67% predict the mobile phone will replace their MP3 player.

A home run by mobiles

According to Nokia's research, the world is embracing the concept of the mobile digital home where mobile devices act as household remote controls, beaming digital content like music and photos to compatible domestic devices. Almost half (42%) of respondents globally want their printer, PC, stereo, TV and mobile device interconnected. It's Saudi Arabia that is set to be the home of the digital home - 72% even want their refrigerator included in this network.

And looking to the future, more than one in two (58%) of those questioned would like to be able to control all their household appliances via their mobile device. This is especially true in India (85%).

Commenting on the findings, Tapio Hedman, senior vice president of marketing, Multimedia, at Nokia, said: "The results strongly demonstrate that people are buying into the idea of convergence - they really do want one device that does it all, from taking quality images, to storing their music collections and operating a digitally connected home. Their goal is to make it easy for people to have all of these experiences with them all the time - in a multimedia computer. "

Results overviews are available on Music, Multimedia Computers and Digital Home.

About Nokia

Now, Nokia handsets for gaming

Their Bureau,

New Delhi Feb. 8 Nokia is working on its `play new' strategy and will in six month offer a set of handsets for gaming.

"They are talking to partners both for content and technical assistance," said Mr Vineet Taneja, Director, Multimedia, Nokia India, which plans to offer individual and community gaming.

"The international experience in the area of gaming has been that unless you have local content, it doesn't work. They are talking to content providers both within the country and abroad," said Mr Taneja, adding that the company still has to work out a business model for gaming.

Nokia's N-Gage QD, marketed as a gaming mobile, is already available here. "It's a myth that India still has to catch up with the rest of the world where mobile technology is concerned.

Nokia's India launches come very soon after its international ones," says Mr Taneja. The country for example, says Nokia, is the third to experiment with mobile TV. Currently Nokia is conducting DVB- H trials, the technology that allows you to watch TV on the mobile, with Doordarshan.

It is hopeful of other broadcasters adopting its mobile TV solutions soon.

Convergence

Nokia is also promising convergence of devices and Internet services by introducing cameras and music players on its phones with solutions to share them easily on the Web. To coincide with the launch of its new handset, the Nokia N93i, the company announced a mobile film award in association with filmmaker Mr Subhash Ghai's institute, Whistling Woods International and Mediamatics Entertainment Private Limited.

Winners will get an opportunity to do a six month course at Whistling Woods, and two runner-ups will win sponsored trips to Universal Studios, and all three will win a N93i which is priced above Rs 42,000.

August 31, 2007, 7:31AM EST

Nokia's Big Plans for India

Q&A: The handset maker's CEO discusses the lessons of emerging markets and how India's importance to the company goes beyond low-end phones

On a three-day tour of India in late August, the first since he became president and chief executive of Finnish telecom giant Nokia (NOK) last year, Olli-Pekka Kallasvuo highlighted just how important the fast-growing Indian telecom market has become. He visited Nokia's manufacturing facility in Chennai and met telecom regulators in New Delhi and corporate customers in Mumbai. Nokia has long dominated the Indian mobile handset market, with a 70% share, and on his trip Kallasvuo announced that India is now Nokia's second-largest market, displacing the U.S. and behind only China. Moreover, he also revealed that Nokia has chosen India to be the global hub for Nokia Siemens Networks, the two companies' telecom infrastructure joint venture.

Kallasvuo talked to Business Week's Nandini Lakshman in Mumbai about the importance of emerging markets and whether the lessons he learned from some were applicable to the others. Edited excerpts of their conversation follow.

Is this your first visit to India?

I've come here many times, but it's my first visit as a CEO. Coming after two years, I've noticed that India has changed a lot in telecommunications in terms of becoming so much more versatile. It's not just a low-end-handsets market but has a wide offering. The distribution is in place, there's lots of sophisticated retail. They are the right kind of changes.

How has Nokia's popularity in the Indian market changed the way you are looking at research and development or the way your business model works?

We are not looking at it differently. We look at the Indian market as versatile, complex, and interesting, but our business model is the same. In fact, we have expanded in India rapidly and have 9,000 people. Some of the people here are serving the global market. We are going to do even more of this—using the Indian talent pool for global services. There are lots of opportunities there.

We just announced that we are locating the global headquarters of the Nokia Siemens Networks service unit in India. This unit will have a big global responsibility. It is exciting for our employees in India as well.

India recently replaced the U.S. as Nokia's second-largest global market after China. Does this bring Nokia closer to the goal of reaching the next billion users?

Definitely. India will play a big role in that one. In India [alone] the potential is 1 billion.

How important are the emerging markets for Nokia's growth today?

They are very important. But it's key to understand here that India is quite a versatile market when it comes to a mobile device. The Nokia N-series and E-series generate 25% of our sales in India, and those are the mid-tier and high-end devices. So you can't say that it's an entry market where just low-end phones are sold.

Penetration is important in India, where you get the first-time mobile-phone user. But at the same time, there's a big replacement and upgrading market moving toward more sophisticated phones. When it comes to software, it depends on what kind of phones are sold here. It's a different entry market where software is important—for example, Internet browsing through mobile phones. India is an advanced market in many ways, and I can't classify it as an entry market or an emerging market.

Nokia is rolling out a range of seven new phones for emerging markets. Is this the first time that you have developed models for such specific markets?

I don't think we are talking of emerging-markets phones. We talk about different price-point phones. But the difference is not dramatic. We have been in the business of making low-price-point phones for a long time and will continue doing that.

I think it's fair to say we have invested more than our competitors in the low-end segment. Maybe we saw this business opportunity earlier in this market and began investing. Maybe we saw the potential earlier than our competitors did.

Is Nokia making profits at the low end, and if so, can you sustain them?

The point is that we are making money at all ends of the market. There are many other factors that will impact the profitability of certain phones in addition to the price. It's a complex calculation here, where the price is high when it's new, and then comes down when it becomes old. It's not that simplistic.

What are some of your takeaways from both India and China? Have you replicated the lessons in any of the other emerging markets?

In both these markets, the distribution challenges have been bigger than in many others. It's the huge size of the markets, the lack of infrastructure. Here, building distribution to get to the rural market is a challenge. I think we have learned a lot in these markets, which have been applied in others, particularly Africa. We are seeing things happening in Africa from the mobile-communications-market point of view that we saw happening in India maybe five or six years ago.

For instance, we learned how to arrange logistics infrastructure in markets or areas where it didn't exist earlier. And how to build distribution in markets where you really have to build it yourself. There are very few companies that are market leaders both in India and China. We don't disclose our country market shares, but distribution has been the key for our success in India and China.

Nokia has a 70% share in India. With handset prices going as low as $19, can you continue to hold on to that dominant position?

There's a clear target given to our India team that they must take market share.

Are you customizing phones for Africa as well?

We are always looking at making phones that appeal to certain customer groups. At the moment we don't have a phone made for Africa. We have had phones made for India. The Nokia 1100 phone was made with a torchlight and antislip grip for India.

Nokia to set up factory in Chennai, India

Nokia India Private Limited has decided to set up a full fledged integrated cell phone manufacturing base in Sripedumbudur near Chennai. The new plant is expected to commence commercial production in the first half of 2006. Sanjeev Sharma, managing director, Nokia India said Chennai will be Nokia's tenth mobile device production facility globally. An estimated investment of $150 million is being envisaged by the Finnish firm. The plant will be churning out both, GSM and CDMA handsets.

NOKIA PREMIERES RABBI SHERGILL'S NEW MUSIC ALBUM EXCLUSIVELY ON NSERIES DEVICES

April 09, 2008

-For the first time in India, a music album launches on a mobile device prior to its worldwide launch -

New Delhi, April 9, 2008 –

Nokia Nseries, the premium multimedia sub-brand of Nokia has joined hands with India's leading fusion artist Rabbi Shergill to premiere his new music album in digital format on its Nseries devices. This marks the first ever launch of a complete music album on a mobile handset prior to its physical launch. Titled 'Avengi Ja Nahi', the yet to be released album has 9 soul stirring numbers. It will be exclusively available

across the country for a month on the iconic Nokia Nseries multimedia devices; N95, the N70 Music Edition and the N73 Music Edition. Thereafter, it will be launched on music CDs by Yash Raj Music in May. The album was unveiled on Nseries devices in New Delhi by Rabbi Shergill and Devinder Kishore, Director Marketing, Nokia India.

This new offering takes forward the Nseries promise of offering the Next Episode in Entertainment on mobile devices. "At Nokia we believe that the mobile device is emerging as the Fourth Screen for entertainment after the big screen, the television and the personal computer. Our endeavor has been to offer the best of entertainment on the go on the best of devices. This announcement breaks new ground for mobile music and entertainment in India, bringing people closer to their passion of music and performers closer to listeners in ways we would never have imagined," said Devinder Kishore, Director Marketing, Nokia India.

Activating Rabbi's new album on Nokia Nseries Devices

Five simple steps to listen the album:

Scratch the silver strip on your Nseries package to get your activation code
SMS 'New India' to 55555
You will receive multiple activation confirmations
On receiving the activation message select the song that you wish to play.
Open the song and groove to the music

(Source: Gartner, COAI, Gartner)

Speaking on the occasion, Rabbi Shergill said, "Music has been my passion since childhood and it brings out the real emotions in me. I enjoy giving people an enchanting experience with newer forms and fusions of music. It gives me great pleasure to join hands with Nokia Nseries and offer these songs exclusively to Nseries consumers." The mobile version of the album has a special foreword from Rabbi and also an individual introduction to each song by him.

In addition to Rabbi's 'Avengi Ja Nahi', the Nokia Nseries devices will also come packaged with 100 DRM compliant songs across genres ranging from popular film music to international artists.

Nokia Nseries My Music My Muse

As part of this unique music experience, Nokia Nseries also rolled out a first of its kind contest, titled Nokia Nseries My Music My Muse, targeted at young music enthusiasts in the country. The contest invites aspiring participants above 18 years of age to shoot a video using their mobile phones for Rabbi's lead track from the album 'Bilqis'. The theme is 'sharing inspirations' and each film has to be at most 20 seconds long. 30 short listed entries will be judged by Rabbi himself and footage from the best 5 entries will be edited to create a 3 minute online music video for the song. This will be first user generated online Indian music video.

According to Rabbi, "Bilqis is one of my favorite tracks from the new album. It revolves around various things that inspire an artist, which is why the theme of the contest is 'sharing inspirations'. I am glad that Nokia Nseries is offering such an exciting yet sensitive platform to music enthusiasts. It will also bring me closer to my fans. This is perhaps the only initiative of its kind that brings to the forefront the unique and passionate mix of technology & music." This contest opens up another chapter in the Web 2.0 story with consumers becoming broadcasters and carries forward the Nseries strategy of enabling people to explore, capture and share their experiences using mobile devices.

Simple Participation Steps for the Contest

Log on to www.mymusicmymuse.in and register yourself online
Create his own version of a video for the song Bilqis from Rabbi's new album using a mobile handset.
The theme is 'Sharing Inspirations'
The video must be maximum of 20 seconds long and as per formats specified in the rules and regulations
Upload the video on to the same site
Only one entry / one video per contestant will be permitted
Only one participant is allowed per team, i.e. the video has to be created by a single individual.
The contest opens on April 10, 2008
Last date for receipt of entries is May 5, 2008
5 winners, shortlisted by Rabbi himself, will be announced on May 10, 2008
Footage from the winning entries will be edited and converted into an online music video for 'Bilqis'

About Rabbi Shergill

A graduate from Delhi's Khalsa College, Rabbi was a part of the local hard-rock music scene in his graduation days. Inspired by Led Zeppelin, Aerosmith, Jimmy Page, Rabbi started writing his own songs and made a few demos. Rabbi Shergill (born 1975) is an Indian musician famous for his debut album Rabbi and the chart-topper song of 2005, Bulla Ki Jana. His music has been described variously as rock, Sufiana, and "semi-Sufi semi-folksy kind of music with a lot of Western arrangements." Rabbi himself has been called "Punjabi music's true urban balladeer". Rabbi's father was a Sikh preacher and his mother is a college principal and also a Punjabi poetess. He is the only son among the five children. After his college he started at the Fore School of Management but dropped out after a year.

About Nokia Nseries

Nokia Nseries is a range of high performance multimedia devices that delivers unparalleled mobile multimedia experiences by combining the latest technologies with stylish design and ease of use. With Nokia Nseries products, consumers can use a single device to enjoy entertainment, access information and to capture and share pictures and videos, on the go at any time.

About Nokia

Nokia is the world leader in mobility, driving the transformation and growth of the converging Internet and communications industries. Nokia makes a wide range of mobile devices and provides people with experiences in music, navigation, video, television, imaging, games and business mobility through these devices. Nokia also provides equipment, solutions and services for communications networks.

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 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. 43.37
UK Pound	1	Rs. 85.51
Euro	1	Rs. 68.08

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	9
PAID-UP CAPITAL	1~10	9
OPERATING SCALE	1~10	9
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	9
--PROFITABILIRY	1~10	9
--LIQUIDITY	1~10	9
--LEVERAGE	1~10	9
--RESERVES	1~10	9
--CREDIT LINES	1~10	9
--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		81

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

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

MIRA INFORM REPORT

IDENTIFICATION DETAILS

RATING & COMMENTS

RATING

LOCATIONS

DIRECTORS

MAJOR SHAREHOLDERS

BUSINESS DETAILS

GENERAL INFORMATION

CAPITAL STRUCTURE

ABRIDGED BALANCE SHEET

NETWORTH

TOTAL BORROWING

TOTAL

APPLICATION OF FUNDS

FIXED ASSETS [Net Block]

Capital work-in-progress

INVESTMENT

DEFERREX TAX ASSETS

CURRENT ASSETS, LOANS & ADVANCES

Inventories

7913.625

5856.717

3187.713

Sundry Debtors

24170.506

17943.124

10423.446

Cash & Bank Balances

9201.944

4828.694

3256.976

Other Current Assets

0.000

0.000

12.209

Loans & Advances

6547.190

2716.485

1396.673

Total Current Assets

47833.265

18277.017

Less : CURRENT LIABILITIES & PROVISIONS

Current Liabilities

35932.781

27663.166

15197.348

Provisions

6978.813

3286.551

1672.283

Total Current Liabilities

42911.594

16869.631

Net Current Assets

4921.671

1407.386

MISCELLANEOUS EXPENSES

TOTAL

PROFIT & LOSS ACCOUNT

Sales Turnover [including other income]

Profit/(Loss) Before Tax

Provision for Taxation

Profit/(Loss) After Tax

Import Value

Export Value

Expenditures:

KEY RATIOS

PAT / Total Income

(%)

4.35

1.00

Net Profit Margin

6.60

1.58

Return on Total Assets

19.94

4.92

Return on Investment (ROI)