MIRA
INFORM REPORT
|
Report Date : |
02.10.2008 |
IDENTIFICATION
DETAILS
|
Name : |
DATACRAFT INDIA LIMITED |
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Formerly Known As : |
DATACRAFT RPG PRIVATE LIMITED |
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Registered Office : |
Unit No. 204
- 206, 2nd Floor, Trade Centre Building, Kamala Mills Compound,
Lower Parel, Mumbai – 400 013, Maharashtra. |
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Country : |
India |
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Financials (as on) : |
30.09.2007 |
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Date of Incorporation : |
13.12.1994 |
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Com. Reg. No.: |
11-83713 |
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CIN No.: [Company
Identification No.] |
L72200MH1994PLC083713
/ U72200MH1994PLC083713 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
MUMD04432B |
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Legal Form : |
A closely held Public Limited Liability Company |
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Line of Business : |
Design,
Development, Manufacturing, Purchase, Sale and Lease of the products and to
provide services such as Training, Maintenance, Installation, Consultancy,
Facility Management, Outsourcing and systems integration in the area of
information, communication systems and comenter networking and computer
hardware and software. |
RATING &
COMMENTS
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MIRA’s Rating : |
Aa |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
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Maximum Credit Limit : |
USD 4563940 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Datacraft India Limited is a well established company engaged in
manufacturing and marketing of Routers and Switches and providing services in the area of information technology
and software/hardware training. The company’s business is progressing well.
Trade relations are reported as fair. Payments are usually correct and as per
commitments. It can be considered good for business dealings at usual trade terms
and conditions. Ms. Meeta of the company was contacted 5 times that she is buying time
to update the information. |
LOCATIONS
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Registered Office : |
Unit No.
204 - 206, 2nd Floor, Trade Centre Building, Kamala Mills Compound,
Lower Parel, Mumbai – 400 013, Maharashtra, India |
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Tel. No.: |
91-22-24981212/ 2186/2616378/2623906 / 2673034/ 2673035/ 2616374/ 2619080 |
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Fax No.: |
91-22-2673036/
2614916/ 24971818 |
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E-Mail : |
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Website : |
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Head Office : |
Unit no. 204-206, 2nd floor, Trade Centre,
Kamala Mills Compound, Senapati Bapat Marg, Lower Parel, Mumbai 400 013,
India |
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Tel. No.: |
91-22-2498
1212 |
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Fax No.: |
91-22-2497
1818 |
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E-Mail : |
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Corporate Office : |
Dubash House, 4th Floor, 15 J N Heredia Road, Ballard Estate, Mumbai – 400 001, Maharashtra, India. |
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Tel. No.: |
91-22-2616378/2623906/2673034/2673035/2616374/619080 |
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Fax No.: |
91-22-2673036/2614916 |
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Bangalore
Office : |
Hulkul Ascent,No. 80, 2nd Cross,
Lavelle Road, Bangalore - 560 001. |
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Tel. No.: |
91-
80 2207 7000 (30 lines) / 2248 9340 (30 lines) |
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Fax No.: |
91-
80 2207 7111 |
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E-Mail : |
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New Delhi
Office: |
51, Okhla Industrial Estate - Phase
III, New Delhi 110 020, India |
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Tel. No.: |
91
-11-2693 6800 / 4220 0300 |
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Fax No.: |
91-11-2693
6801 |
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E-Mail : |
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Chennai Office
: |
City Tower, 6th
Floor, Number 117, Sir Theogaraya Road, T Nagar, Chennai – 600017 |
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Tel. No.: |
91-44-28151174 /
1175 |
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Fax No.: |
91-44-28151173 |
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E-Mail : |
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Kolkata Office
: |
Suite Number 14,
Shantiniketan Building, 8th Floor, 8 Camac Street, Kolkata –
700017, West Bengal, India |
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Tel. No.: |
91-33-2282
0040/41 / 4003 0959 |
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Fax No.: |
91-33-2865
0165 / 2282 0040 |
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E-Mail : |
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Hyderabad
Office : |
303 / 1 and 2, 3rd
Floor, Black 1, White House, Kundan Bhagh, Begumpet, Hyderabad – 500016,
Andhra Pradesh, India |
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Tel. No.: |
91-40-55667706 /
23416997 / 2340 8806 / 6666 7706 |
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Fax No.: |
91-40-23408806 |
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E-Mail : |
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Pune Office 1
: |
2nd Floor, Sneh Leela,
1237 Apte Road, Deccan Gymkhana, Pune 411 004 |
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Tel. No.: |
91-20-553
9141 |
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Fax No.: |
91-20-553
0874 |
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E-Mail : |
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Pune
Office 2 : |
11 Prime Centre, Off Senapati Bapat Marg, Gokhale Road,
Shivaji Nagar, |
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Tel. No.: |
91-20-2566 7323 |
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Fax No.: |
91 -20-2566 7324 |
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E-Mail : |
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Websites: |
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Branches : |
Located
at:
Tel. No.
91-22-24981212 Fax No.
91-22-24971818
Tel. No. 91-80-5550227 Fax No.
91-80-5596181 E-mail : dcindia@datacraft-asia.com
Tel No.
91-11-23315571/7657 Fax No.
91-11-23318566 E-mail: dcindia@datacraft-asia.com
Tel. No.
91-44-28293084 Fax No.
91-44-28293239 E-mail : dcindia@datacraft-asia.com
Tel. No.
91-33-22820040/41 Fax No.
91-33-28650165 E-mail : dcindia@datacraft-asia.com
Tel. No. 91-40-55667706 Fax No.
91-40-23408806 E-mail : dcindia@datacraft-asia.com
Tel. No.
91-20-5539141 Fax No.
91-20-5530874 E-mail : dcindia@datacraft-asia.com |
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Overseas Office : |
HEADQUARTERS
6
Shenton Way #24-11 DBS
Building Tower Two Singapore
068809 Tel No.
: (65) 6 322 6688 Fax
No. : (65) 6 323 7933 Datacraft Asia Ltd 3/F
Citiplaza III14 Taikoo Wan Road Taikoo
Shing, Quarry Bay, Hong Kong Tel
No. : (852) 2513 3168 Fax No.
: (852) 2567 4268 Datacraft (Singapore) Pte Ltd 2
Kaki Bukit Ave 1 #03-01Singapore 417938 Tel
No. : (65) 6 842 3398 Fax
No. : (65) 6 842 1638 Datacraft China/Hong Kong Ltd - Hong Kong 3/F Cityplaza III14 Taikoo Wan
Road Taikoo Shing, Quarry Bay , Hong Kong Tel No. : (852) 2513 3168 Fax No. : (852) 2567 4031 Datacraft China/Hong Kong Ltd – China Beijing Head Office No.807 China Life Tower16 Chaoyang Men Wai Street, Chaoyang District Beijing, China, Postal Code: 100020 Tel No. : (86) 10 8525 1108 Fax No. : (86) 10 8525 1126 Shanghai Office Room 1508, Shanghai Kerry Centre 1515 Nanjing Road W. Shanghai Postal Code: 200040 Tel No. : (86)21 3222 0068 Fax No. : (86)21 5298 6001 Guangzhou Office Rm B-C, 9th Floor, South Jindian Mansion, 198 Tian He Road Guangzhou, China , Postal Code: 510613 Tel No. : (86) 20 8558 2553 Fax No. : (86) 20 8558 3908 Shenzhen Office 25E Jinfeng Mansion, Shang Bu South Road Futian District, Shenzhen, China Postal Code: 518031 Tel No. : (86) 755 207 8511/2 Fax No. : (86) 755 207 8513 Chengdu Office Suite A, 5/F Guo Xin Mansion No. 77 Xi Yu Street Chengdu, Sichuan, China Postal Code: 610015 Tel No. : (86) 28 8619 8315/6 Fax No. : (86) 28 8619 8794 Hangzhou Office Rm 316 Building, Zhejin Plaza No. 78 FengQi Road, Hangzhou, China Postal Code: 310003 Tel No. : (86) 571 8527 1271-3 Fax No. : (86) 571 8527 1290 Datacraft Advanced
Network Services Sdn Bhd, (Malaysia) Kuala Lumpur Office Suite 6.3, Level 6, Wisma UOA II 21, Jalan Pinang, 50450 Kuala Lumpur, Malaysia Tel No. : (603) 2166 6363 Fax No. : (603) 2166 7728 Penang Office Block H-6-1, Persiaran Bayan Indah, Sungai Nibong, 11900 Pulau Pinang, Malaysia Tel No. : (604) 647 2875 Fax No. : (604) 646 4299 Datacraft (Thailand) Limited 11th Floor, Lake Rajada Building 193/39-40, 42 Rachadaphisek Road Khwang Khlong-Toey, Khet Khlong-Toey Bangkok 10110, Thailand Tel No. : (662) 661 9777 Fax No. : (662) 661 9778 Datacraft Taiwan Ltd 3F-7 188 Nan-King East Road Section 5 Taipei, Zipcode 105 ROC Tel No. : (886) 2 8761 3333 Fax No. : (886)2 2756 8686 PT Datacraft Indonesia Menara Imperium, 19th Floor Suite B Jl. H.R. Rasuna Said Kav. 1 Metropolitan Kuningan Superblock Jakarta Selatan 12980, Indonesia Tel No. : (62) 21 835 6422 Fax No. : (62) 21 835 6423 Datacraft (New Zealand) Ltd Wellington Headquarters Level 3 Lumley House 11 Hunter Street PO Box 2397 Wellington Tel No. : (64) 4 470 1650 Fax No. : (64) 4 470 1666 Auckland Office Level 7, Phillips Fox Tower, 209 Queen St, Auckland, PO Box 7188 Wellesley Street, Auckland Tel No. : (64) 9 356 5680 Fax No. : (64) 9 356 5698 Datacraft Communications
Systems, Inc. (Philippines) 4/F, Philamlife Building 126 L.P. Leviste St., Salcedo Village Makati City,1227 Philippines Tel No. : (632) 750 6885 - 7 Fax No. : (632) 750 6890 Datacraft Korea Inc.
8F Sambu Building 676 Yeoksam-dong Kangnam-gu Tel No. : (82) 2 6256 7000 Fax No. : (82) 2 6256 7199 Daejun Office #203 Gold Tower, 386 Mannyun-dong Seo-gu, Daejun, Korea 302-834 Tel No. : (82) 42 487 4272 Fax No. : (82) 42 487 4273 Datacraft Japan Inc. Sumitomo Corporation Jinbocho Building 6F 3-24 Kanda-Nishikicho, Chiyoda-ku Tokyo 101-0054, Japan Tel No. : (81) 3 3259 2222 Fax No. : (81) 3 3259 2390 Website: www.datacraft-japan.co.jp Datacraft Vietnam Ltd Hanoi Office 5/F, Unit #05-01 Prime Centre Building 53 Quang Trung Str., Hai Ba Trung District, Hanoi, Vietnam Tel No. : (84) 4 9435758 Fax No. : (84) 4 9435730 Ho Chi Minh City Office 5th Floor, 180 Pasteur Street District 1, HCMC, Vietnam Tel No. : (84) 8 823 6749-50 Fax No. : (84) 8 825 7848 Training Partners Private Ltd Corporate Headquarters 135 Cecil Street #12-00 LKN Building Singapore 069536 Tel No. : (65) 6 225 9188 Fax No. : (65) 6 225 9288 Regional Headquarters 3/F Cityplaza III 14 Taikoo Wan Road Taikoo Shing, Hong Kong Tel No. : (852) 2513 3184 Fax No. : (852) 2567 4031 Korea 154-10 Samsung-dong Kangnam-gu, Seoul, Korea 135-090 Tel No. : (82) 2 556 7327 Fax No. : (82) 2 556 7314 Malaysia Wisma UOA II, 21 Jalan Pinang 50450 Kuala Lumpur, Malaysia Tel No. : (603) 2166-7113 Fax No. : (603) 2166-7112
Corporate Headquarters Datacraft India Ltd, 3/1, J.P Techno Park Ground floor, Millers Road Bangalore - 560052 India Tel No. : (91) 80 2235 5145 / 6 / 7 Fax No. : (91) 80 2235 5319 |
DIRECTORS
|
Name : |
Mr.
Lynette Saldanha |
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Designation : |
Director |
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Name : |
Mr. Kong
Seng Lim |
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Designation : |
Director
(Foreign) |
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Name : |
Mr.
Yan-Jy Chy Philip |
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Designation : |
Director
(Foreign) |
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Address : |
56, Tom
Tuck Crescent, Singapore 596 995 |
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Date of Birth/Age : |
01.11.1954 |
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Date of Appointment : |
06.01.2008 |
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Name : |
Mr.
William Bruce Grahame Radfield |
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Designation : |
Director
(British) |
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Address : |
13,
Siglap Avenue, Singapore 456313 |
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Date of Birth/Age : |
26.05.1958 |
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Date of Appointment : |
02.12.2002 |
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Name : |
Mr.
Ronald John Cattell |
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Designation : |
Director
(Foreign) |
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Name : |
Mr. Dilip
Kumar C. |
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Designation : |
Whole
Time Director |
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Address : |
17/189,
Dalamal Court, Worli Sea Face, Mumbai – 400 018, Maharashtra |
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Date of Birth/Age : |
02.05.1963 |
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Date of Appointment : |
09.09.2003 |
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Name : |
Mr. Girish
S. Juneja |
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Designation : |
Director |
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Address : |
Dignity
Apartment, 22/4, Bon-Bon Lane, 7 Bunglows, Versova, Andheri (West), Mumbai –
400 053, Maharashtra |
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Date of Birth/Age : |
31.08.1961 |
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Date of Appointment : |
09.09.2003 |
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Name : |
Mr. B.
Sunil Mangalore |
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Designation : |
Whole
Time Director |
KEY EXECUTIVES
|
Name : |
Mr.
Satish V. Menon |
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Designation : |
Company
Secretary |
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Address : |
401, Shivalay
Towers, Thakur Complex, Kandivali (East), Mumbai – 400 101, Maharashtra |
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Date of
Birth/Age : |
12.10.1958 |
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Date of
Appointment : |
09.12.2003 |
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Name : |
Mr.
Ananth Padmanabha |
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Designation : |
Country –
head – Sales |
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Qualification : |
B.E.
(Electronics) / M.B.A. (Marketing) |
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Experience: |
19 years |
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Date of
Birth/Age : |
42 years |
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Date of
Appointment : |
05.10.2000 |
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Name : |
Mr.
Chakrapani GK |
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Designation : |
General
Manager – North |
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Qualification
: |
B.E. (Electrical
Engineering) |
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Experience : |
13 years |
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Date of
Birth/Age : |
37 years |
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Date of
Appointment : |
18.09.2002 |
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Name : |
Mr.
Raghuveer H R |
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Designation : |
General
Manager – South |
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Qualification
: |
B.SC.
PGDMM |
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Experience : |
14 years |
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Date of
Birth/Age : |
35 years |
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Date of
Appointment : |
08.03.2001 |
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Name : |
Mr.
Ramaswamy R |
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Designation : |
Head
Commercial |
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Qualification
: |
B.SC.
Diploma in Finance Management and import / Export Management |
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Experience: |
27 years |
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Date of
Birth/Age : |
52 years |
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Date of
Appointment : |
24.09.2000 |
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Name : |
Mr.
Satish Menon |
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Designation : |
G. M.
Finance and Company Secretary |
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Qualification
: |
B.Com. ,
C.A., C.S. |
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Experience : |
24 years |
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Date of Birth/Age
: |
47 years |
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Date of
Appointment : |
16.07.2003 |
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Name : |
Mr.
Shilendra Badoni |
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Designation : |
County
Head – MS and TS |
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Qualification
: |
B.E.
(Electronics) |
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Experience : |
16 years |
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Date of
Birth/Age : |
38 years |
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Date of Appointment
: |
18.11.1996 |
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Name : |
Mr.Sunil
Mangalore |
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Designation : |
General
Manager - West |
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Qualification
: |
B.E.
(Electronics and Communication Engineering), M.B.A. (Marketing and Finance) |
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Experience: |
14 years |
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Date of Birth/Age
: |
40 years |
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Date of
Appointment : |
30.01.2000 |
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Name : |
Mr.
Venkaswamy N |
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Designation : |
President
– India |
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Experience : |
21 years |
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Date of
Birth/Age : |
48 years |
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Date of
Appointment : |
07.04.2004 |
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|
Name : |
Mr. Vichhivora
Suketu |
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Designation: |
County
Head P.S. |
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Qualification |
B. E.
(Electronics) |
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Experience : |
20 years |
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Date of
Birth/Age : |
41 years |
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Date of
Appointment : |
26.07.2004 |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
|
Names of Shareholders |
No. of Shares |
|
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|
Mr.
Shailendra Badoni |
1 |
|
Mr. R.
Ramaswamy |
1 |
|
Datacraft
Asia Limited, Singapore |
4,729,998 |
|
National Securities
Depository Limited (Beneficiary Datacraft Asia Limited) |
3,870,000 |
|
Mr.
Dilipkumar C. |
1 |
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Mr.
Girish S. Juneja |
1 |
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Mr.
Ananth Padmanabha |
1 |
|
Mr.
Satish V. Menon |
1 |
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Category |
Percentage |
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Foreign Holdings
(FIIs/ FCs/ FFIs/ NRIs/ OCB or Others |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Design,
Development, Manufacturing, Purchase, Sale and Lease of the products and to provide
services such as Training, Maintenance, Installation, Consultancy, Facility
Management, Outsourcing and systems integration in the area of information,
communication systems and comenter networking and computer hardware and
software. |
|
|
|
|
Products : |
|
GENERAL
INFORMATION
|
Customers : |
Financial Services Industry
Manufacturing
Media and Communications
Travel and Transportation
Other Economic/Business Sectors
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No. of Employees : |
100 |
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Bankers : |
Maker
Chambers IV, Nariman Point, Mumbai – 400 021, Maharashtra, India |
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Facilities : |
The company enjoys Rs.10.000 millions dated 26.12.1996 against hypothecation of Goods, Book Debts and Assets |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name 1: |
C. C
Chokshi and Company Chartered Accountants |
|
Address : |
12, Dr. A. B. Road, Opposite Shivsagar Estate, Worli,
Mumbai – 400 018, Maharashtra, India |
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Tel. No.: |
91-22-56679000 |
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Name 2: |
Deloitte
Haskins and Sells Chartered
Accountant |
|
Address : |
12, DR A. B. Road, Opposite Shiv Sagar Estate, Worli,
Mumbai – 400 018, Maharashtra, India |
|
|
|
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Associates/Subsidiaries : |
|
CAPITAL STRUCTURE
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000000 |
Equity Shares |
Rs.10/- Each |
Rs.100.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6861000 |
Equity Share |
Rs.10/- Each |
Rs.68.610 Millions |
|
|
|
|
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FINANCIAL DATA
[all figures are in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
30.09.2007 |
30.09.2006 |
30.09.2005 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
68.610 |
68.610 |
76.605 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
1072.375 |
922.178 |
810.917 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
1140.985 |
990.788 |
887.522 |
|
|
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 |
8.040 |
9.266 |
18.769 |
|
|
|
|
|
|
|
|
TOTAL |
1149.025 |
1000.054 |
906.291 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
121.311 |
82.121 |
116.683 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
446.151 |
445.641 |
438.374 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
12.365
|
11.681 |
16.764 |
|
|
Sundry Debtors |
530.857
|
347.548 |
397.364 |
|
|
Cash & Bank Balances |
589.747
|
556.011 |
442.132 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
125.824
|
84.421 |
495.672 |
|
Total
Current Assets |
1258.793
|
999.661 |
1351.932 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Current Liabilities |
663.068
|
508.952 |
1000.698 |
|
|
Provisions |
14.162
|
18.417 |
0.000 |
|
Total
Current Liabilities |
677.230
|
527.369 |
1000.698 |
|
|
Net Current Assets |
581.563
|
472.292 |
351.234
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
1149.025 |
1000.054 |
906.291 |
|
PROFIT & LOSS
ACCOUNT
|
PARTICULARS |
30.09.2007 |
30.09.2006 |
30.09.2005 |
|
|
Sales Turnover |
2870.845 |
2175.863 |
1477.258 |
|
|
Other Income |
62.186 |
56.392 |
0.000 |
|
|
Total Income |
2933.031 |
2232.255 |
1477.258 |
|
|
|
|
|
|
|
|
Profit/(Loss) Before Tax |
541.456 |
473.087 |
287.562 |
|
|
Provision for Taxation |
362.273 |
316.860 |
99.941 |
|
|
Profit/(Loss) After Tax |
179.183 |
156.227 |
187.621 |
|
|
|
|
|
|
|
|
Export Value |
439.700 |
281.601 |
92.585 |
|
|
|
|
|
|
|
|
Import Value |
941.698 |
528.648 |
314.335 |
|
|
|
|
|
|
|
|
Expenditures : |
|
|
|
|
|
|
Purchases made for re-sale |
1618.413 |
1140.084 |
|
|
|
Consumption of stores and spares parts |
0.000 |
0.000 |
|
|
|
Increase/(Decrease) in Finished Goods |
(0.684) |
5.083 |
|
|
|
Salaries, Wages, Bonus, etc. |
301.524 |
228.410 |
|
|
|
Managerial Remuneration |
8.627 |
6.384 |
|
|
|
Payment to Auditors |
1.426 |
1.291 |
1189.696 |
|
|
Interest |
0.000 |
0.000 |
|
|
|
Insurance Expenses |
6.800 |
6.521 |
|
|
|
Power & Fuel |
7.975 |
7.564 |
|
|
|
Depreciation & Amortization |
66.673 |
60.006 |
|
|
|
Other Expenditure |
380.821 |
303.825 |
|
|
Total Expenditure |
2391.575 |
1759.168 |
1189.696 |
|
KEY RATIOS
|
PARTICULARS |
|
30.09.2007 |
30.09.2006 |
30.09.2005 |
|
PAT / Total Income |
(%) |
6.11
|
6.99 |
12.70
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
18.86
|
21.74 |
19.46
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
39.23
|
43.73 |
19.58
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.47
|
0.48 |
0.32
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.59
|
0.53 |
1.12
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.86
|
1.89 |
1.35
|
LOCAL AGENCY
FURTHER INFORMATION
Operations and outlook
The company’s
sales for the year were Rs.1144.000 Millions as against Rs.1074.000 Millions
for the previous year i.e.a 7% increase over the previous year.
Phase II
covering 2900 branches of State Bank and its associates was completed during
the year contributing to the revenues.
The
company’s products and services continue to receive full customer satisfaction.
The training business grew in volumes and new opportunities were tapped during
the year.
However,
operating was lower during the year at Rs.215.000 Millions which 18% on
revenues as against Rs. 326.000 Millions in the year which was 30% on revenues.
As a result profits before were significantly lower than previous year.
Factors
which were outside the control of the management condributing to the lower
operations profits were:
Lower commission income
Lower
interest and investment income (other income) resulting from fall in treasury
markets and change in pattern of investments to liquid funds rather than debt
funds.
Lower
products margins
Increase in
salary related costs and
Higher
administrative costs resulting from new office in Delhi, Bangalore
The company
expects to continue its increase in revenues by around 15% in the next year
with margins being maintained.
Notes on Accounts
The company
entered into an agreement with Fujitsu ICIM Limited, dated 14th
march 1996, whereby Fujitsu ICIM Limited would provide office infrastructural
Services such as use of air conditioning, telephone, fax, photocopies,
computers, pantry services, customer database, insurance cover security for
office premises and extend its existing support network in India for a period
of ten years from 1st October, 1995 against a consideration of
Rs.38.700 Millions. This amount was paid as a non refundable advance in June,
1996. the company has expensed out Rs.3.870 Millions (previous year Rs3.870
Millions) as service charges for the current year and the balance amount of Rs.
NIL (as at 30th September 2004, Rs3.870 Millions) is being carried
forward to be written off in subsequent years.
Related
Parties
|
Name |
Nature
of relationship |
|
|
|
|
Datacraft Asia Limited |
Holding Company |
|
Datacraft China / Hong Kong Limited |
Fellow Subsidiary |
|
Datacraft Japan Incorporation |
Fellow Subsidiary |
|
Datacraft (Singapore) Private Limited |
Fellow Subsidiary |
|
Datacraft Advanced Network Services Sdn Bhd |
Fellow Subsidiary |
|
Dimension Data Network Services Limited |
Fellow Subsidiary |
|
J Q Network Private Limited |
Fellow Subsidiary |
|
Training Partners Private Limited |
Fellow Subsidiary |
|
Datacraft (NZ) Limited |
Fellow Subsidiary |
|
DFI Consulting Philippines Incorporation |
Fellow Subsidiary |
|
Dimension Data North America Incorporation |
Fellow Subsidiary |
|
Dimension Data SA (Switzerland) |
Fellow Subsidiary |
|
Dimension Data Commercial Centre Limited |
Fellow Subsidiary |
|
Datacraft (Malaysia) Sdn Bhd |
Fellow Subsidiary |
|
Mr. Nagendra Venkaswamy / C Dilipkumar |
Key Management Personnel |
Business:
Subject
provides vendor or platform independent computer networking solutions to its
customers. Apart from providing solutions utilising world-leading products,
subject has made a huge investment in engineering and support staff and
resources around the region in order to deliver a comprehensive range of
professional services in the areas of consultancy, project management, network
design, installation, training and maintenance, using a network of offices
region-wide.
Subject
combines its own products with those drawn from the world’s top equipment
vendors, with whom subject has Asia-wide distribution agreements. With the combination of these and its own
products, subjects is therefore able to offer complete turnkey
communication/network solutions covering the area of Corporate Wide Area
networks; Local Area Network and Campuswide Network; Network Management
Systems; Voice Data Integration solutions; Bandwidth Management; End-to-End
internet infrastructure for ISPs; Total Intranet solution; packet Switching,
Frame Relay, ATM switching; Networking infrastructure for E-commerce;
Comprehensive network security; Authorised Cisco Training and Value-added
networking services.
The company
is a joint venture between Datacraft Asia, which is Asia Pacific’s leading
communications and network systems integrator and RPG Enterprises, one of
India’s leading business houses.
Subject is
a Distributor of Cisco, AMP, Packeteer, Net, Nortel Network, Racal, Security
Dynamics, Lucent, Utel, Samsung Electronics, HECL, Telstra V-Comm, Netscape,
Sun Microsystems
Subject
provides the services of LAN and Campus-wide networks, WAN, Voice Data, Video
Integration, Bandwith Management, End-to-end internet infrastructure, Total
Intranet solution, Comprehensive NIW Security, Authorised Cisco Training, Value
added Networking Services, Networking Infrastructure for E-commerce.
Subject
continues its presence in the Telecom Market and Enterprise Market to a
substantial extent. The company has been
successful in getting rapid orders on account of the excellent services
rendered. The company’s revenue from
service income has been rising and it is expected that the upward trend will
continue.
The company
endeavours to deliver the benefits of these new world Telecom Network and to
reduce operations costs, enhance performance, increase flexibility, integration
and control and speed-up new services deployments.
traDE References:-
- Airline
and Transport
- Abacus
Air, New Zealand
- CAAC
- Cathay
Pacific Airways
- DHL
- Hong
Kong Mass Transit Railway
- Maersk
line
- Neptune
Orient Lines (NOL)
- Sealand
- Yang
Ming Line
- ABN
AMRO Bank
- American
Express
- Standard
Chartered Grindlays Bank Limited
- Acer
- Adidas
- AMD
- Apple
Computer
- British
Telecom
- CELCOM
Malaysia
- Chunghua
Telecom
- Communications
Authority of Thailand
- Cyberway
- ABC
Paging
- CTCI
- Customs
Department, PRC
- ESSO
- Fishery
Department, Malaysia
- Galxo
Chem
Fixed Assets:
Tangible Assets
- Computers
- Furniture and Fixtures
- Office Equipments
- Vehicles
Intangible Assets
- Software
Assets Given on Lease
- Computers
Form 8:
|
Name of the
company |
DATACRAFT INDIA
LIMITED (Formerly : Datacraft RPG Private Limited ) |
||||||||||||||||||||||||||||||
|
Presented By |
THE DEVELOPMENT
BANK OF SINGAPORE LIMITED AND DATACRAFT INDIA LIMITED |
||||||||||||||||||||||||||||||
|
1) Date and description of instrument creating the change |
Dated : 26.12.1996 Agreement of Hypothecation of goods and Book Debts and assets to secure a Demand loan / advance / cash credit / overdraft / loans of credit / guarantees. |
||||||||||||||||||||||||||||||
|
2) Amount secured by the charge/amount owing on the securities of
charge |
Rs. 10.000 Millions |
||||||||||||||||||||||||||||||
|
3) Short particular of the property charged. If the property acquired
is subject to charge, date of the acquired of the property should be given |
A] The borrowers hereby hypothecates by way of first charge in favour
of the bank the goods described in general terms in the schedule which
expression shall include all products goods and movable property of any kind
belonging to the borrowers which now or hereafter from time to time shall be
brought in, stored or be in or about the borrowers premises at Mumbai
wherever else the same may be; and B] The Borrower hereby
hypothecate by way of first charge in favour of the bank all the borrowers
present and future book debts, outstanding, moneys, receivables, claims,
bills, contracts, engagement, securities, and other rights and assets. |
||||||||||||||||||||||||||||||
|
4) Gist of the terms and conditions and extent and operation of the
charge. |
I] Interest at such rates as may b determined by the bank from time to
time. II] This agreement is to operate as security a continuing security for
the balance to become due on the said cash Credit / Overdraft / Loan Account. |
||||||||||||||||||||||||||||||
|
5) Name and Address and description of the person entitled to the
charge. |
The Development Bank of Singapore Limited No. 122, 12th Floor, Maker Chambers IV, Nariman Point,
Mumbai – 400021 (Now shifted to the Development Bank of Singapore Limited, 14th
Floor, Free Press House, Nariman Point, Mumbai -21) |
||||||||||||||||||||||||||||||
|
6) Date and brief description
of instrument modifying the charge |
Dated 02.04.2005 Supplemental Deed of Hypothecation – II |
||||||||||||||||||||||||||||||
|
7) Particulars of modifications specifying the terms and conditions or
the extent of operations of the charge in which modification is made and the
details of the modification. |
Past Modification The original charge created on 26.12.1996 for Rs.10.000 Millions was
modified on 16.08.1999 to secure the enhanced aggregate credit facilities
upto Rs.60.000 Millions and Foreign Exchange Contract Facility upto an
Aggregate limit of USD 1.500 Millions. Further modified on 07.02.2003 to secure the revised limits upto
Rs.60.000 Millions and Foreign Exchange Contract facility of USD 1.500
Millions (last modifications registered on 10.03.2003 under Document Number 80
) Present Modification At the request of the borrower, the bank has modified the existing
credit facilities of Rs.60.000 Millions and Foreign Exchange contract
facilities of an aggregate limit of USD 1.500 Millions as indicated
hereunder:
The above facility shall continue to be secured by all the borrowers’
goods, book debts and assets on Pari Passu first change basis. Save and except the above, there is therefore, no change in the aggregate
limits. |
||||||||||||||||||||||||||||||
|
Name of the company |
DATACRAFT INDIA LIMITED (Formerly : Datacraft RPG Private Limited ) |
||||||||||||||||||
|
Presented By |
THE DEVELOPMENT BANK OF SINGAPORE LIMITED AND DATACRAFT INDIA LIMITED |
||||||||||||||||||
|
1) Date and description of instrument creating the change |
Dated : 26.12.1996 Agreement of Hypothecation of goods and Book Debts and assets to
secure a Demand loan / advance / cash credit / overdraft / loans of credit /
guarantees. |
||||||||||||||||||
|
2) Amount secured by the charge/amount owing on the securities of
charge |
Rs10.000 Millions |
||||||||||||||||||
|
3) Short particular of the property charged. If the property acquired
is subject to charge, date of the acquired of the property should be given |
A] The borrowers hereby hypothecates by way of first charge in favour
of the bank the goods described in general terms in the schedule which
expression shall include all products goods and movable property of any kind
belonging to the borrowers which now or hereafter from time to time shall be
brought in, stored or be in or about the borrowers premises at Mumbai
wherever else the same may be; and B] The Borrower hereby
hypothecate by way of first charge in favour of the bank all the borrowers
present and future book debts, outstanding, moneys, receivables, claims,
bills, contracts, engagement, securities, and other rights and assets. |
||||||||||||||||||
|
4) Gist of the terms and conditions and extent and operation of the
charge. |
I] Interest at such rates as may b determined by the bank from time to
time. II] This agreement is to operate as security a continuing security for
the balance to become due on the said cash Credit / Overdraft / Loan Account. |
||||||||||||||||||
|
5) Name and Address and description of the person entitled to the
charge. |
The Development Bank of Singapore Limited No. 122, 12th Floor, Maker Chambers IV, Nariman Point,
Mumbai – 400021 (Now shifted to the Development Bank of Singapore Limited, 14th
Floor, Free Press House, Nariman Point, Mumbai -21) |
||||||||||||||||||
|
6) Date and brief description
of instrument modifying the charge |
Dated 30.11..2005 Supplemental Deed of Hypothecation – II |
||||||||||||||||||
|
7) Particulars of modifications specifying the terms and conditions or
the extent of operations of the charge in which modification is made and the
details of the modification. |
Past Modification The original charge created on 26.12.1996 for Rs.10.000 Millions was
modified on 16.08.1999 to secure the enhanced aggregate credit facilities
upto Rs.60.000 Millions and Foreign Exchange Contract Facility upto an
Aggregate limit of USD 1.500 Millions. Further modified on 07.02.2003 to secure the revised limits upto
Rs.60.000 Millions and Foreign Exchange Contract facility of USD 1.500
Millions Further modification on 02.04.2005 to secure the enhanced aggregate
credit facilities upto Rs60.000 Millions and USD 1.500 Millions. (last modifications registered on 10.03.2003 under Document Number 80
) Present Modification At the request of the borrower, the bank has modified the existing
credit facilities of INR 90.000 as indicated hereunder:
The above facility shall continue to be secured by all the borrowers’
goods, book debts and assets on Pari Passu first change basis. |
||||||||||||||||||
AS PER WEBSITE
Overview
Subject is the leading independent IT services and Solutions Company in Asia Pacific. Specialising in customised business solutions, subject helps clients plan, build and support their IT infrastructures.
Subject combines an expertise in networking, security, IP Convergence, datacentre storage, Microsoft business applications and contact centre technologies, with advanced skills in consulting, integration and managed services, to craft IT solutions for businesses.
A member of the Dimension Data Group, subject is listed on the main board of the Singapore Exchange, and is a component company of the Straits Times Index. Headquartered in Singapore, Datacraft spans more than 50 major offices and has over 1,200 employees across 13 Asia Pacific markets.
Key Differentiators
Global delivery: Subject, together with parent company Dimension Data, possesses the skills, resources, technology know-how and global reach to create a worldwide infrastructure that delivers seamless professional solutions and services for international companies.
Proven track record: As Asia’s pioneer in systems and network integration, Subject has designed, implemented and managed network infrastructure for many global corporations and leading service providers, as well as the equivalent of the “Fortune 200 companies” in every country throughout Asia Pacific.
Strong specialised skills: Subject has over 750 industry-accredited technical personnel region-wide and is the only region-wide Cisco Gold Certified Partner, employing over 70 CCIEs – more than any other firms in Asia Pacific.
Best-of-breed technologies: As an independent systems integrator, Subject is able to partner the world’s leading suppliers to provide the most advanced and flexible solutions.
Partners
Subject has a number of focused relationships with leading
technology providers, including:
- BMC Software
- Cisco Systems
- Check Point
- EMC
- F5
- McAfee
- Microsoft
- NetScout Systems
- Nokia
- Packeteer
- Reef Point
- Riverbed
- Sun Microsystems
- Symantec
Management:
|
Executive Directors |
|
|
|
|
|
Patrick
Quarmby |
Non-Executive Chairman |
|
Bill
Padfield |
CEO and Executive Director |
|
Philip
Chu |
CEO and
Executive Director |
|
|
|
|
Directors/Department
Heads |
|
|
|
|
|
Bill
Padfield |
CEO |
|
Philip
Chu |
CFO |
|
Dilip
Kumar |
COO |
|
Andy
Cocks |
Director, Strategy Execution and Solutions
Group |
|
Derek
Koh |
Director, ITG and Internal Controls |
|
Esther
Quah |
Director, Corporate Communications and
Brand Management |
|
Francis
Yip |
Regional Director, North Asia |
|
Johan
Van Vuuren |
Director, Human Resource |
|
Lim
Seng Kong |
Regional Director, Asean and Director of
Training Partners |
|
Low
Beng Lan |
Director, M and A |
|
Paul
Dewhirst |
Director, Professional Services |
|
Sunil
Desai |
Director, Managed Services |
|
Wong
Wen Ming |
Director, Sales |
|
|
|
|
Country
Managers |
|
|
|
|
|
Barry
Knaggs |
General Manager, Vietnam |
|
Benjamin
Wang |
General Manager, Taiwan |
|
Francis
Pang |
General Manager, Hong Kong |
|
Png
Kim Meng |
Country Manager, Singapore |
|
Megumi
Hasegawa |
Country Manager, Japan |
|
Patrap
Yakin |
Country Manager, Indonesia |
|
Raymund
Del Val |
Country Manager, Philippines |
|
Robin
Hartendorp |
General Manager, New Zealand |
|
Seok
Il Cho |
Country Manager, Korea |
|
Shum
Mew Toong |
Country Manager, Malaysia |
|
Kongdumrongkiat Sutas |
Country General Manager, Thailand |
|
Sunil
Manglore |
Country Manager, India |
Awards
Industry and partner awards are highly prized as an indicator of technical
skill and commercial success. The company has consistently won awards in
recognition of their commitment to technical excellence, innovation and client
satisfaction.
Partners
They believe that solutions built for the unique environment, using best
of breed technologies is the optimum route to take. A breadth of capability in
leading vendor technology is mandatory when designing, building, implementing,
deploying and supporting world-class business solutions.
Corporate Social Responsibilities
At the company, they recognise that corporate social responsibilities go
hand in hand with corporate achievement. Patting their selves on the back for
the latest sales success is only one part of their corporate character. For
this reason, sometimes they like to ditch the jackets and ties and take a look
at the bigger picture.
They believe that solutions built for the unique environment, using best
of breed technologies is the optimum route to take. A breadth of capability in
leading vendor technology is mandatory when designing, building, implementing,
deploying and supporting world-class business solutions.
Subject has a number of focused relationships with leading technology
providers, including:
· Activate
· Adaptive Mobile
· Audio Codes
· Blue Coat Systems
· BMC Software
· Computer Associates
· Cisco Systems
· Check Point
· COPAN
· Citrix
· Dialogic
· EMC
· Emerson Network Power
· F5
· Genesys
· Juniper
· McAfee
· Microsoft
· NetScout Systems
· Nokia
· Oracle
· Packeteer
· Quest
· Reef Point
· Riverbed
· Sun Microsystems
· Symantec
· Tandberg
· Verint
· VMware
By developing and maintaining relationships with these leading
technology partners, they provide preferential access to the latest
technologies, premier technical support, advanced training, and product certification.
The partnerships allow them to objectively choose technologies that best meet
the needs, and deliver the best end-to-end IT solutions.
Press Release
DECEMBER NEWS RELEASE FOR 2005
6-DECEMBER-2005
Datacraft
designs and deploys new campus network for Bangkok
University
Singapore, 6 December 2005 – Datacraft, the region's leading independent IT solutions and services company, has been chosen by Bangkok University to design and deploy a new campus network to support its growing IT requirements.
Founded in 1962, and offering courses in both English and Thai, Bangkok University has two campuses – City Campus and Rangsit Campus – which are 42 kilometres apart. These cater for a growing population of approximately 30,000 undergraduate and postgraduate students and 1,200 of academic and administrative staff.
Facing an increasing need for a robust IT infrastructure to support this community, the university realised it needed a new, well-architected, threat-resistant network to maximise performance, reduce services outages and increase overall reliability.
"Our students are increasingly reliant on technology to support their studies and research while our academic and administrative staff have different, but equally important IT needs," said Professor Attipa Julpisit, director of the computer centre at Bangkok University. "The bottom line was that we needed a more secure, reliable campus network, and Datacraft has provided the answer."
Datacraft Processional Services took up the challenge of devising a new network architecture that would meet the university's needs. The design they came up with is easy to manage, contributing to low total cost-of-ownership. As well as delivering the performance to meet current requirements and ability to scales to meet future needs, Datacraft's consultants put a lot of design focus on reliability. BU's new network has link-level redundancy to eliminate single points of failure and ensure availability.
"Excellent communications are not an option; they are critical to success in the increasingly competitive tertiary education sector," said Somchart Kanha, General Manager of Datacraft Thailand. "At Bangkok University, with its dual campuses, academic activities are now supported converged communications services running on a world-class IP network. We've designed the network to be easily upgradeable and so as Bangkok University continues to grow, so will this critical infrastructure."
With the new network, Bangkok University will be able to provide staff and students alike with high-speed Internet services. The seamless integration between the City and Rangsit campuses also includes VoIP telephony. In addition, the high-availability solution requires far less management and support delivering an excellent return on investment.
About Datacraft
"Best Asian Systems Integrator"
for fifth consecutive year - Telecom Asia
Datacraft is the leading independent IT services and solutions company in Asia
Pacific. The company helps clients plan, build and support their IT
infrastructures. Datacraft combines an expertise in networking, security,
operating environments, storage and contact centre technologies, with advanced
skills in consulting, integration and managed services, to craft IT solutions
for businesses.
A member of the Dimension Data Group, Datacraft is listed on the main board of the Singapore Exchange and is a component company of the Straits Times Index. Headquartered in Singapore, Datacraft spans more than 50 major offices and has over 1,200 employees across 13 Asia Pacific markets.
NOVEMBER NEWS RELEASE FOR 2005
21-NOVEMBER-2005
Singapore, 21 November 2005 – Datacraft, the region's leading independent IT solutions and services company, has won a contract from cookware and appliance manufacturer, Meyer Industries, to deploy its Digital Video Security Surveillance (DVSS) solution at the company's manufacturing plant in Thailand.
Meyer Corporation is one of the largest, most innovative cookware companies in the United States. They specialise in the distribution of metal cookware and other kitchen products. Their cookware is made by their own affiliate factories throughout the world, including Italy, Thailand, and China.
Although the company already had a security system, it needed to upgrade the system to provide improved protection for the factory including an "auto alert" feature to detect any unauthorised personnel entering restricted areas. Meyer chose Datacraft's DVSS Internet Protocol (IP)-based security monitoring solution.
"Security is a major priority at our factory," said Komkrit Vongkavivathanakul, assistant manager (MIS) at Meyer Industries Ltd. "Our existing system was outdated and no longer met our requirements. Datacraft's DVSS was the ideal solution because we can integrate it with our existing system thereby protecting our prior investment, while adding state-of-the-art security features."
Datacraft's DVSS increases the effectiveness of security initiatives by transforming video images into actionable intelligence: the timely, mission-critical information that an organisation needs to effectively protect people, property and assets.
Featuring leading-edge technologies from a host of partners, DVSS addresses a broad spectrum of video surveillance needs on land, on sea, and in the air. For securing expansive perimeters and areas that are topographically impossible to wire, DVSS offers a highly durable and secure video-over-WiFi variant with the same reliability and breadth of functionality as wired CCTV.
Under the contract from Meyer, Datacraft will design, integrate, configure and provide training for the new security surveillance system. The new solution will integrate with Meyer's 26 existing cameras and cabling, keeping the additional infrastructure costs to a minimum. The result will be a scalable security system that also includes the auto alert feature that was one of Meyer's key requirements.
"Our DVSS technology provides secure video access from virtually anywhere on an organisation's IT network," said Somchart Kanha, General Manager of Datacraft Thailand. "Authorised personnel can rapidly zero-in on images related to specific transactions, personnel, and locations, without serially reviewing countless hours of video recordings.
"It also has advanced analytic capabilities that can automatically analyse 'live' video streams and alert security personnel of significant movements and unusual behaviour that might otherwise require countless hours to detect."
Datacraft's DVSS can also be interfaced with other security and business systems – from access control and alarm systems to point-of-sale, cargo handling, gaming and inventory control.
Programmable recording and retention lets users capture specific activities and regions of interest and retain just these images as needed. And with DVSS remote image retrieval and system administration, all video cameras can be centrally managed with central storage of all video images.
About Datacraft
"Best Asian Systems Integrator" for fifth consecutive year - Telecom Asia
Datacraft is the leading independent IT services and solutions company in Asia Pacific. The company helps clients plan, build and support their IT infrastructures. Datacraft combines an expertise in networking, security, operating environments, storage and contact centre technologies, with advanced skills in consulting, integration and managed services, to craft IT solutions for businesses.
A member of the Dimension Data Group, Datacraft is listed on
the main board of the Singapore Exchange and is a component company of the
Straits Times Index. Headquartered in Singapore, Datacraft spans more than 50
major offices and has over 1,200 employees across 13 Asia Pacific markets. More
information can be found at www.datacraft-asia.com
Milestones:
· 2002- The company opens new STARtrac centre and its first full-fledged Training Partners (TP) centre in
Bangalore.
· 2001- The company moves to capture larger share of fast growing Korean market with US $ 35 million acquisition of Dasan Electronics took full ownership of Indonesia susbsidiary, Datacraft Indonesia, by acquiring the remaining 40% equity interest from PT Mitra Intergrasi Informatika for US $ 16.100 millions, its joint venture partner in Indonesia.
· 2000 – The company launches a complete suite of Business and Operation Support Systems branded
IBOSS to help service providers innovate fast manage effectively. It broadened its managed network service capabilities with the acquisition of Multisoft (Singapore) for S$ 12.1 millions.
Datacraft New Zealand fortifies services business with the purchase of cabling solutions company, National Communication Services (NCS) for NZ $ 8.5 millions (US $ 4.000 millions).
Took full ownership of Indian Subsidiary, Datacraft RPG, by acquiring the remaining 45% equity interest from RPG Group for US $ 32.500 millions, its joint venture partner in India.
Bought 60% stake in Singapore-based Internet consulting firm, PlaNET Technology for S $ 13.800 millions in May. Acquired a 77.14% stake in Malaysia-based DFI Consulting, a well-established business consulting and ERP integration firm, for US $ 10.150 millions.
Make foray into e-commerce consulting with the acquistion of HK- based I Square Solutions Limited for US $ 5.25 millions in January 1999- Strengthens its presence in Japan with a second acquistion, PTS Company Limited, a leading IT services company in Japan, is acquired for US $ 23.600 millions.
Acquired a Japanese networking systems integrator NETWAVE Inc for US $ 37.5 millions.Acquired Net and
Date in China through its newly established wholly-owned subsidiary, Datacraft Networks (China) Inc.
Acquired Commis
Network Inc. In South Korea
· 1998- Expands into South Korea with the acquisition of Perfect Network Inc.
Acquired EMS Wiring Systems, a Singapore cabling company. Set up a US representative office to target multinational customers. Datacraft RPG opened 2 offices in Hyderabad and Pune, India Launched STARtrac – renovated and expanded 24-hour network management centre.
Formed 3 virtual companies focusing on Subject three core businesses: - Datacraft Enterprise Solutions, Datacraft Telecom Solutions and Datacraft Services. Expanded into Vietnam with the set up of two offices in Hanoi and Ho Chi Minh City.
1997- The Dimension Data Group,
a highly successful I.T. company in South Africa, acquires a major shareholding
in Datacraft Asia through their purchase of Datacraft Limited.
Datacraft China acquired UCS
Communications, adding 5 more offices to is operations Datacraft Taiwan opened
3 support centres in Hsinchu, Taichung and Kaoshiung. Datacraft China added 2
new support centres in Shenzhen and Hangzhou Datacraft Malaysia set up 5
support centres located in Penang, Johor Bahru, Kuantan, Kuching and Kota
Kinabalu.
Became the first Asian company to achieve region-wide Cisco
Gold Partner status from Cisco Systems. Acquired Adcoms International in the
Philippines and forms Datacraft Adcoms (Phils.), Inc. Datacraft Asia was ranked
the overalll Best Performing share on the Stock Exchange of Singapore for 1996.
· 1996- Datacraft Asia is selected as one of the founding stocks on the Singapore Regional Stock Index for its successful regionalised operation and geographic spread.
Datacraft Asia set up direct marketing catalogue sales division – Expresso Commsware.
Datacraft China opens Chengdu Office. Acquires Datacraft New Zealand.
Datacraft Malaysia teams up with Superior Communications of Malaysia to set up a joint venture company, Transys Sdn Bhd in Malaysia
·
1995-
Set up a joint venture company in Indonesia in partnership with P.T. Metodata.
Datacraft China opened Shanghai, Xian and Fuzhou offices.
Datacraft China opened Chengdu office.
Listed on the Main Board of Stock Exchange of Singapore Acquired
Netcorp in Singapore
·
1994-
Establishes Technical Assistance Centre to offer 24-hour networking services.
Set up Training Partners Private Limited in Singapore, Datacraft
Asia’s subsidiary Awarded OHQ status in Singapore by the Economic Development
Board Set up Datacraft ICIM, a joint venture between Datacraft Asia and
Fujitsu-ICIM, and opened five offices in India
·
1993-
Incorporated in Singapore and acquired the entire Asian operations of Datacraft
Limited, its parent company.
·
1992-
Datacraft Taiwan was established
·
1990 –
Datacraft China was incorporated and opened Beijing & Guangzhou offices.
·
1989-
Datacraft Thailand was established
·
1985-
Datacraft Malaysia was set up
·
1983- Datacraft
Singapore was established
·
1975-
Started its operation in Asia with the set up of the Hong Kong office
·
1974-
Datacraft Limited founded in Melbourne, Australia
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.46.96 |
|
UK Pound |
1 |
Rs.83.91 |
|
Euro |
1 |
Rs.66.36 |
SCORE & RATING
EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
8 |
|
PAID-UP CAPITAL |
1~10 |
8 |
|
OPERATING SCALE |
1~10 |
8 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
9 |
|
--PROFITABILIRY |
1~10 |
7 |
|
--LIQUIDITY |
1~10 |
8 |
|
--LEVERAGE |
1~10 |
8 |
|
--RESERVES |
1~10 |
8 |
|
--CREDIT LINES |
1~10 |
8 |
|
--MARGINS |
-5~5 |
---- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
YES |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
72 |
This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this
report. The assessed factors and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
RATING
EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit transaction.
It has above average (strong) capability for payment of interest and
principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit consideration.
Capability to overcome financial difficulties seems comparatively below
average. |
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 |
|