MIRA
INFORM REPORT
|
Report Date : |
13.05.2008 |
IDENTIFICATION
DETAILS
|
Name : |
ESYS INFORMATION TECHNOLOGIES LIMITED |
|
|
|
|
Registered Office : |
2 AB Gee Gee Emerald, 151 Village Road, Nungambakkam, Tamil Nadu – 600
034 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as on) : |
31.03.2007 |
|
|
|
|
Date of Incorporation : |
28.01.2000 |
|
|
|
|
Com. Reg. No.: |
55-64496 |
|
|
|
|
CIN No.: [Company
Identification No.] |
U72900TN2000PLC064496 |
|
|
|
|
TAN No.: [Tax
Deduction & Collection Account No.] |
DELE03370D |
|
|
|
|
PAN No.: [Permanent
Account No.] |
AAACE6687N |
|
|
|
|
Legal Form : |
Public Limited Liability Company. The company shares are listed on the
Stock Exchange. held |
|
|
|
|
Line of Business : |
Importers, Distributors and Suppliers of Computer Hardware and Accessories and Software Development |
RATING &
COMMENTS
|
MIRA’s Rating : |
A |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
USD 1122676 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well – established company having satisfactory track. Trade relations are fair. Profit margin is under severe pressure. Payments are correct and as per commitments. The company can be considered normal for business dealings at usual trade terms and conditions. |
LOCATIONS
|
Registered Office : |
2 AB Gee Gee Emerald, 151 Village Road, Nungambakkam, Tamil Nadu – 600
034, India |
|
E-Mail : |
|
|
Websites: |
|
|
|
|
|
Corporate Office : |
A-9 Mohan Co-operative Industrial Estate,
Mathura Road, New Delhi 110 044 |
|
Tel. No.: |
91-11-3010688 / 30943288-92 |
|
Fax No.: |
91-11-51811691-93 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Industrial |
|
|
|
|
Overseas Office: |
Singapore eSys Technologies
Private Limited India Global Central Services Group Australia eSys
Integrated Private Limited Austria eSys
Austria Handels GmbH Bangladesh eSys
Distribution Private Limited Belgium eSys
Distribution BVBA Canada eSys
Information China eSys Software Technology (Shanghai) Limited Croatia Germany Hong Kong India Italy Japan Korea eSys Latin America Malaysia Mexico Netherlands Pakistan Poland Russia Sri Lanka Taiwan Thailand Turkey U.A.E United Kingdom USA Vietnam |
|
|
|
|
Factory : |
B-65, Okhla Industrial Area, Phase – I, New
Delhi 110 020 |
|
Tel. No.: |
91-11- 5181 1694 to 1696, 3094 3288 to 3094
3292 |
|
Fax No.: |
91- 11- 5181 1691 to 5181 1693 |
|
Location : |
Industrial |
|
|
|
|
Branches : |
Ahmedabad 1st Floor, Infotech Centre, Near
Gurudwara, Thaltej, Ahmedabad. Tel. No.: 91-79-26840844 Bangalore 1778/B, Krishna, 40th A Cross, 9th Block,
Jayanagar, Bangalore- 560069 Tel. No.: 91-80-51210970 / 578 BHUBANESWAR c/o Gati Limited, Shed no: S-2/A-43, Mancheswar
Industrial Estate, Bhubaneswar-751010 Tel.
No.: 91-674-3955542 Chandigarh SCO 844, Ground Floor, NAC Market,
Manimajra, Chandigarh-160101 Tel.
No.: 91-172-3078253 Chennai No. : 33, XII Avenue, Ashok Nagar,
Chennai-600083 Tel.
No.: 91-44-55399789 / 04424716227 / 0442476237 Cochin Plot no: 49/786, (39/5286) 1st floor,
Eastern part in Plot no: G-214, Panampilly Nagar, Cochin - 682 036 Tel.
No.: 91-484-2312214/15 Coimbatore 158-B, 2nd Street, Gandhipuram, Coimbatore
- 641 012 Tel.
No.: 91-422-3959686 Dehradun 56, Rajdhani Enclave, G M S Road, Near Ann
Marry School, Balli wala chowk, Adjacent to Jai Santoshi Departmental Stores, Tel.
No.: 91-135-2761619 Delhi A-9,Mohan Co-operative Industrial Estate,
Mathura Road, Ghaziabad c/o M/s Bindra Integrated Logistics
Private Limited 51, New Arya Nagar, Ghaziabad GOA c/o Gati Limited, Olympia House,
Santacruz, Panjim, Goa - 403005 Guwahati H.no: 06, Harabala Road, G.S.Road,
Ulubari, Guwahati - 781007. Tel.
No.: 91-361-2462751&39 Gurgaon C/O Om logistics Limited, Plot No.-20,
Rama Service Station, Sector-18, Gurgaon - 122001 (Haryana) Jaipur B-2, Navjeev Chambers, Vinoba marg,
C-Scheme, Jaipur Tel.
No.: 91-141-2364687 Kolkatta 48, Satish Mukherjee Road, Ground Floor,
Kolkata-700026 Tel.
No.: 91-33-24656639 Lucknow Rohtas Vintage Apartments, Lower Ground
Floor, 29, Jopling Road, Lucknow- 226001 Tel.
No.: 91-522-2207868 Ludhiana SCO 18, 1st Floor, Cabin no: 104, Opp.
Ludhiana Stock Exchange Tel.
No.: 91-161-5046831 Indore Flat No.101, Surya Tower, 613 Khatiwala
Tank, (Vikas Rekha Shopping Complex), Indore-452015 Madhya Pradesh Tel.
No.: 91-731-5093332 / 8331 Madurai 170, Vakil New street, Madurai 625001 Tel. No.:
91-452-5371572 Mumbai Unit no: 29, Ground Floor, Linkway Estate,
Link Road, Next To Shakti Ford Show Room, Malad west, Mumbai-400064. Tel.
No.: 91-22-56910348/49, 56951967 Nagpur Plot No. 50 B, Behind Gulshan Petrol Pump,
Amrawati Road, Wadi, Nagpur - 23. Tel.
No.: 91-7104-224055 PARWANOO c/o Gati Limited, Near Railway Crossing,
Old Kasauli Road, Sector-2, Parwanoo - 173220 Tel.No.::
91-1792-233256/ 01792-233774 / 01792-233775 Pondicherry 12, Thillai Nagar, Mudaliarpet,
Pondicherry- 605 004 Tel. No.:
91-413-2357425 Pune Matai Chambers, Unit
502-B, 63-88, Erandwan, Near Mhtre Bridge, Pune-411004 Tel.
No.: 91-20-25457741 Raipur c/o Gati Limited, Sultani Compound, Near Urla Telephone
Exchange, Gogaon, Gudhahari, Raipur 491001 (CHATTISGARH) Secunderabad H.No: 2-A, Ground Floor, Shiva Sadan,
Shiva Rama krishna Colony, Near Vijaya Bank, West Mared Pally, Main Road, Tel.
No.: 91-40-27801497/98 |
DIRECTORS
|
Name : |
Mr. Dharam Pal Goel |
|
Designation : |
Director |
|
Address : |
235-A, Aggar Nagar, Ludhiana, Punjab, India |
|
Date of Birth/Age : |
10.12.1942 |
|
Date of Appointment : |
28.01.2000 |
|
|
|
|
Name : |
Mr. Ved Prakash |
|
Designation : |
Whole Time Director |
|
Address : |
B-1293 Shastri Nagar, New Delhi 110 052, India |
|
Date of Birth/Age : |
12.10.1968 |
|
Date of Appointment : |
11.01.2001 |
|
|
|
|
Name : |
Mr. Ramesh Chander |
|
Designation : |
Director |
|
Address : |
House No. 22, Sector 17, Panchkula 134 109, Haryana, India |
|
Date of Birth/Age : |
16.09.1955 |
|
Date of Appointment : |
28.01.2004 |
|
|
|
|
Name : |
Ms Preeti Chandra |
|
Designation : |
Company Secretary |
|
Address : |
D-5 Indira Niketan, Laxmi Bai Nagar, New Delhi, India |
|
Date of Birth/Age : |
29.03.1978 |
|
Date of Appointment : |
28.02.2004 |
|
|
|
|
Name : |
Mr. Govindan Ramanujam |
|
Designation : |
Chief Executive Officer |
|
|
|
|
Name : |
Mr. Dinesh Kapoor |
|
Designation : |
Director |
|
Address : |
2/18 Shivaji Nagar, Gurgaon – 122 001,Haryana, India |
|
Date of Birth/Age : |
17.06.1980 |
|
Date of Appointment : |
01.11.2006 |
|
|
|
|
Name : |
Mr. Akash Deep Sharma |
|
Designation : |
Director |
|
Address : |
B -63, National Apartment, Sector – 3, Plot -4, Dwarka New Delhi,
India |
|
Date of Birth/Age : |
24.12.1967 |
|
Date of Appointment : |
01.04.2005 |
|
|
|
|
Name : |
Mr. Naresh Khosla |
|
Designation : |
Director |
|
Address : |
B -132, Sector – 14, Noida – 201 301, Uttar Pradesh, India |
|
Date of Birth/Age : |
25.12.1971 |
|
Date of Appointment : |
15.02.2002 |
KEY EXECUTIVES
|
Name : |
Mr. Akash Deep Sharma |
|
Designation : |
Whole Time Director |
|
Address : |
B-63, National Apartments, Sector 3, Plot No. 4, Dwarka,
New Delhi, India |
|
Date of Birth/Age : |
24.12.1967 |
|
Date of Appointment : |
01.04.2005 |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
|
Names of Shareholders (as on 31.03.2006) |
No. of Shares |
Percentage of
Holding |
|
Mr. Sunil Narang |
500 |
0.010 |
|
Mr. Dharam Pal
Goel |
250100 |
4.989 |
|
Mr. Satinder
Parkash |
100 |
0.002 |
|
Mr. Krishan Kumar |
100 |
0.002 |
|
Mr. Om Parkash |
100 |
0.002 |
|
Mr. Ramesh
Chander |
100 |
0.002 |
|
M/s Dynamic
Computers |
100 |
0.002 |
|
M/s Esys
Technologies Pte Limited |
4761525 |
94.991 |
|
Total |
5012625 |
100.000 |
BUSINESS DETAILS
|
Line of Business : |
Importers, Distributors and Suppliers of Computer Hardware and Accessories and Software Development |
|
|
|
|
Products : |
v Mother Board v Hard Disk Drive v Monitors v Mobile Phones & Accessories |
PRODUCTION STATUS
|
Particulars |
Opening Stock |
Installed Capacity |
Actual Production |
|
Computers |
1487 |
24000 nos. |
12958 nos. |
GENERAL
INFORMATION
|
Bankers : |
· Centurion Bank, M-39 Connaught Circus, New Delhi 110 001, India · Standard Chartered Bank, Narain Manzil, 23 Barakhamba Road, New Delhi – 110 001, India · State Bank of India Overseas Branch, Jawahar Vyapar Bhawan, 1 Tolstoy Marg,
New Delhi – 110 001, India |
|
|
|
|
Facilities : |
The subject has availed Rs.250.000 Millions as per Agreement of Loan dated 23rd August, 2005 for Overall Limit. It is secured against all present and future goods, book debts, fixed assets and all other movable assets. |
|
|
|
|
Banking Relations
: |
Satisfactory |
|
|
|
|
Auditors : |
|
|
Name 1: |
S R Batliboi & Associates Chartered Accountants |
|
Address: |
B-26 Qutab Institutional Area, New Delhi 110 016, India |
|
Tel. No.: |
91-11-2661 1004 to 2661 1009, 2685 2034 |
|
Fax No.: |
91-11-2661 1012, 2661 1013 |
|
|
|
|
Name 2: |
Serva associates Chartered Accountants |
|
Address: |
8/28, 3rd Floor, WEA, Karol Bagh, New Delhi – 110 005, India
|
|
|
|
|
Associates/Subsidiaries : |
v Dotxtra Systems India Private Limited v Dynamic Computers |
|
|
|
|
Holding Company |
Esys Technologies Pte Limited, Singapore |
CAPITAL STRUCTURE
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
100000000 |
Equity Shares |
Rs. 10/- each |
Rs.1000.000 millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
20006288 |
Equity Shares |
Rs. 10/-
each |
Rs.200.062
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 |
200.062 |
50.126 |
50.126 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
80.607 |
20.418 |
0.000 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
(8.667) |
|
|
NETWORTH |
280.669 |
70.544 |
41.459 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
61.096 |
1.101 |
|
|
2] Unsecured Loans |
636.341 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
636.341 |
61.096 |
1.101 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
917.010 |
131.640 |
42.560 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
145.176 |
10.169 |
9.595 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
10.987 |
11.859 |
4.672 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
997.612
|
1088.675 |
634.414 |
|
|
Sundry Debtors |
1337.489
|
1504.978 |
397.345 |
|
|
Cash & Bank Balances |
222.443
|
205.692 |
83.204 |
|
|
Other Current Assets |
90.215
|
247.675 |
673.638 |
|
|
Loans & Advances |
172.487
|
86.802 |
16.943 |
|
Total
Current Assets |
2820.246
|
3133.822 |
1805.544 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Current Liabilities |
2058.127
|
2992.171 |
1773.676 |
|
|
Provisions |
5.952
|
32.039 |
3.575 |
|
Total
Current Liabilities |
2064.079
|
3024.210 |
1777.251 |
|
|
Net Current Assets |
756.167
|
109.612 |
28.293 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
4.680 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
917.010 |
131.640 |
42.560 |
|
PROFIT & LOSS
ACCOUNT
|
PARTICULARS |
31.03.2007 |
31.03.2006 |
31.03.2005 |
|
|
Sales Turnover |
12771.168 |
10745.887 |
4934.213 |
|
|
Other Income |
886.406 |
1057.787 |
59.154 |
|
|
Total Income |
13657.574 |
11803.674 |
4993.367 |
|
|
|
|
|
|
|
|
Profit/(Loss) Before Tax |
79.074 |
50.682 |
27.254 |
|
|
Provision for Taxation |
18.578 |
21.430 |
[2.439] |
|
|
Profit/(Loss) After Tax |
60.496 |
29.252 |
29.693 |
|
|
|
|
|
|
|
|
Export Value |
51.979 |
203.836 |
51.774 |
|
|
|
|
|
|
|
|
Expenditures : |
|
|
|
|
|
|
Raw Material Consumed |
172.614 |
463.352 |
189.449 |
|
|
Purchases made for re-sale |
11384.178 |
10422.880 |
5024.427 |
|
|
Consumption of stores and spares parts |
4.155 |
3.728 |
1.527 |
|
|
Increase/(Decrease) in Finished Goods |
185.675 |
336.951 |
[442.208] |
|
|
Salaries, Wages, Bonus, etc. |
129.286 |
84.793 |
46.711 |
|
|
Managerial Remuneration |
3.843 |
3.507 |
1.619 |
|
|
Payment to Auditors |
2.191 |
2.236 |
1.572 |
|
|
Interest |
41.996 |
4.766 |
0.000 |
|
|
Insurance Expenses |
20.080 |
3.805 |
4.491 |
|
|
Power & Fuel |
10.801 |
8.551 |
7.769 |
|
|
Depreciation & Amortization |
7.139 |
5.129 |
3.505 |
|
|
Other Expenditure |
1616.536 |
413.288 |
127.246 |
|
Total Expenditure |
13578.494 |
11752.986 |
4966.108 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2007 |
31.03.2006 |
31.03.2005 |
|
PAT / Total Income |
(%) |
0.44
|
0.25 |
0.59 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.62
|
0.47 |
0.55 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.28
|
0.72 |
0.66 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
2.65
|
1.61 |
1.49 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
9.62
|
43.73 |
42.89 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.37
|
1.04 |
1.02 |
LOCAL AGENCY
FURTHER INFORMATION
FORM 8:
|
Corporation identity number or foreign company registrations number of
the company |
U72900TN2000PLC064496 |
|
Name of the company |
ESYS INFORMATION TECHNOLOGIES LIMITED |
|
Address |
2 AB Gee Gee Emerald, 151 Village Road, Nungambakkam – 600
034, Tamil Nadu, India |
|
This Form is for |
Modification of Charge |
|
Type of Charges |
Immovable property |
|
Particular of the charge holder
|
State Bank of India Overseas Branch, Jawahar Vyapar Bhawan, 1
Tolstoy Marg, New Delhi – 110 001, India E-Mail: atul.singhal@sbi.co.in |
|
Nature or description of the instrument creating charge |
Memorandum of deposit for creation of
mortgage (creation of equitable mortgage) confirmatory Letter dated
08.10.2007 |
|
Date of the instrument creating charge |
08.10.2007 |
|
Amount Secure by the charge |
Rs. 500.000 millions |
|
Brief of the principal terms and conditions and extent and operation
of the charge |
Rate of Interest : Interest as per bank norms Terms of repayment: Repayment as per bank norms Margin: As per bank norms Extent and operation of the charge: The charge operates as continuing security
interalia for the due repayment by the company to the bank to the extent of
Rs. 500.000 millions together with Interest , additional Interest ,
liquidated damages, premia on repayment costs, charges , expenses and all other
monies payable by the company to the bank in the terms of the loan agreement
and bank norms from time to time. |
|
Short particulars of the Property charged |
Immovable property measuring · 41 Bigha 3 Biswa · 7 Bighas 5 Biswa · 7 Bighas 3 Biswa Situated at village Bairsen , Tehsil
Nalagarh , District Solan Himachal Pradesh more particularly described in
memorandum of deposit for creation of mortgage dated 08.10.2007. |
|
Particulars of the present modification |
Joint charge by way of equitable mortgage of the company property situated at Village
Bairsen Tehsil Nalagarh District Solan
Himachal Pradesh more particularly described in memorandum of deposit
for creation of mortgage dated 08.10.2007 is to secure credit facilities
sanctioned by the bank aggregating to Rs. 500.000 millions |
WEBSITE DETAILS:
Incorporated in January 2000 and based on the Foreign Investment Promotion Board (FIPB) approvals obtained, is engaged in the business of trading of computers, computers hardware and mobile phones. The subject also undertakes assembly of computers under the brand name of "eSys". Majority of purchases of the products traded is from the holding company, which operates out of Singapore as a Master Distributor for Mother Boards, CPU, Hard Disk Drive, Mobile Phones and other Computer Accessories. The subject is also providing IT services to its parent company.
Company
profile:-
The company was
incorporated in the year 2000 is a Singapore based company. It is one of the leading information
technology company, and business process outsourcing organization.
Since its
incorporation in Singapore in the year 2000, subject has become a major IT
component distribution network in Asia and Europe with 32 in-country
subsidiaries and more than 100 points of presence. Subject PC has already been
launched in India, Middle East, Korea, UK and USA. As the demand increases
manufacturing also increases. Now subject extended the distribution efficiencies
and relationships to materialize the concept of low cost multimedia PC’s.
Subject PC has already been launched in India, Middle East, Korea and UK.
At all times the
company is focused on delivering value to its customers and vendor partners by
extending the efficiencies attendant to global scale of operations, industry
specific logistics infrastructure and financial robustness.
The company has
grown rapidly to become the world's largest HDD (Hard Disk Drive)
distributor. It has distribution
network in geographically and economically diverse markets through more than 31
in countries and 110 office/warehouse locations.
Recognition
v Ranked No 10 in Singapore International 100
Ranking in 2006
v Subject Ranked No 1 in Enterprise 50 Awards in
2005, conducted by Accenture and Business Times in Singapore
v Indian Entrepreneur of the year Award for
Mr. Vikas Goel in 2004 given by SICCI (Singapore Indian Chamber of Commerce and
Industry)
v Ranked No 3 in Enterprise 50 awards in 2004
v International Headquarter (IHQ) status by
Singapore Economic Development Board (EDB), which entitles subject to
preferential tax rate. (This conferment
is testimony of the importance attached by the Singapore government to the dynamic
growth companies with their outstanding performance and contribution to the
economy.)
v Mr. Vikas Goel was finalist, Ernst and Young
Entrepreneur of the year 2002
Highlights
v Subject is largest HDD distributor worldwide
with 20% share of global desktop HDD distribution market. 25 Million HDD in
2005
v subject is largest CPU and memory
distributor in Asia and Latin America
Personal
Computers
Leveraging sourcing
and logistics efficiencies from its IT component distribution business, subject
has emerged as largest low cost PC assembler worldwide. Currently subject PC is
sold in Brazil, India, Korea, Malaysia, Mexico, Singapore and UK.
PC Manufacturing
Subject has entered
PC Manufacturing by setting up PC Manufacturing units in Dubai and India in
2004. State of the Art, Software controlled PC Manufacturing Unit will be
operational from early 2006 in Singapore and in Los Angeles
As per Website Details:
Profile:
In less than 6
years and with a focused entrepreneurial spirit, eSys Technologies has
become a $2.0 billion (USD) multinational with over 100 operations in
more than 30 countries. Subject is the global leader in the technology
distribution of desktop hard disk drives with over 20% market share.
Subject has made investments in infrastructure and facilities and successfully
diversified into PC manufacturing and supply chain/logistics management. As a
result subject has setup four state-of-the-art, automated manufacturing
facilities in Singapore, USA, UAE and India to produce the world’s best priced
computers.
With 200 people strong back office in India and a robust IT Infrastructure
subject also offers Business Process and IT Services to its global
customers. This will be augmented by 2000 employee strong 300,000sq ft
integrated facility set to be operational in 2007 in North India.
Subject growth and business success is attributed to competencies related to an
efficient and process driven business model which transcends diverse product
lines and geographies.
This was confirmed most recently when subject was ranked No. 1 in 2005
Enterprise-50 awards, given to the most dynamic companies of Singapore by
Accenture and Business Times. Subject is among the fastest growing companies in
the world across industries and, certainly, among top 10 IT distribution
companies globally.
PRESS RELEASE:
Esys Intros
Wizard Duo Series and Mini PCs in India
Mumbai, Jan 13,
2006
Esys Information Technologies has launched
Intel Centrino Duo mobile technology processor in their new Wizard series of
notebooks.
The company has also introduced a
state-of-the-art PC, "eSys Mini". Mini PC can be carried very easily
even in a purse/bag. It weighs less than a kilogram and can be attached
directly to the television. It is a step toward bringing computing to the
living room and making it a lifestyle product, the company said.
The product was officially launched in New
Delhi on.January 12, 2006 by Ms Sophia Chew, vice president-sales and marketing
group and general manager, reseller channel operation, Intel Corporation.
Rajesh Gupta, director-channel operations, Intel Technology India, was also
present at the launch event.
Gracing the occasion, Vikas Goel, MD
and Chairman, Esys Information Technologies, said, "Esys Mini will be a
true hallmark of quality made affordable at very competitive price. This
amazing product will increase the product offerings and cover the entire
spectrum of users. In Their continuous endeavor of delivering best products in
India, Esys is ready to change the India PC market game plan."
Currently, there are two models of
eSys Mini. The expected price range of these miniature PCs would start at Rs
0.043 millions
More than 50 business partners
attended the launch ceremony, along with Microsoft and Intel representatives.
Apart from these PCs and notebooks, Esys is also planning to venture into the
retail segment of computer peripherals and accessories - printers, keyboards,
mouse, speakers, CD ROMs, etc. at a very competitive price range.
The company has set up an ambitious
target of US$ 10 billion by 2010 to be achieved through organic growth as well
acquisitions.
Esys intends to set up an integrated
manufacturing, logistics, R and D and services hub and functional global
headquarter (FGHQ) to manage US$ 10 billion revenue of its global business from
manufacturing, distribution and services. The company intends to invest US$ 230
million in India in a phased manner by the year 2010.
Esys will move strategic functions of
sales, marketing, HR and finance for its worldwide operations to India.
Complete business will be run out of this FGHQ. Functional heads (vice
presidents) of sales, marketing, and finance for various countries will operate
out of this facility. There will be minimal global in-country staff only for
customer interaction. There will be lot of relocation of international staff to
India, the company said in a press release.
CMT REPORT
(Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
1] INFORMATION ON
DESIGNATED PARTY
No records exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against whom
a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject are
derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or investigation
registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE
GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.41.68 |
|
UK Pound |
1 |
Rs.81.23 |
|
Euro |
1 |
Rs.64.13 |
SCORE & RATING
EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
8 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
9 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
8 |
|
--LEVERAGE |
1~10 |
8 |
|
--RESERVES |
1~10 |
8 |
|
--CREDIT LINES |
1~10 |
7 |
|
--MARGINS |
-5~5 |
--- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
67 |
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 |
|