MIRA
INFORM REPORT
|
Report Date : |
29.04.2011 |
IDENTIFICATION DETAILS
|
Name : |
SPANCO LIMITED |
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Formerly Known As : |
SPANCO TELESYSTEMS AND SOLUTIONS LIMITED |
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Registered Office : |
B – 22, Krishna Bhuvan, B S Deoshi Marg, Deonar, Mumbai – 400088, |
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Country : |
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Financials (as on) : |
31.03.2010 |
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Date of Incorporation : |
20.03.1984 |
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Com. Reg. No.: |
11-32422 |
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CIN No.: [Company
Identification No.] |
L65990MH1984PLC032422 |
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Legal Form : |
A Public Limited Liability Company. Company’s Shares are Listed on the Stock Exchanges. |
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Line of Business : |
Providing Telecommunication and IT Enabled Services. |
RATING & COMMENTS
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MIRA’s Rating : |
Ba (49) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 18000000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Slow |
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Litigation : |
Clear |
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Comments : |
Company is well established and reputed is concern business. Directors
are well experiences, qualified and respected businessman. Company satisfies
and meets the norms required for business. Company is capable to carry normal size business with terms and
conditions. Payments reported slow but correct. Company can overcome the financial
crisis. Business is active. |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – April 1, 2010
|
Country Name |
Previous Rating (31.12.2009) |
Current Rating (01.04.2010) |
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|
A1 |
A1 |
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Risk Category |
ECGC Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
LOCATIONS
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Registered Office : |
B – 22, Krishna Bhuvan, B S Deoshi Marg, Deonar, Mumbai – 400088, |
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Tel. No.: |
91-22-67975566/ 25557201 |
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Fax No.: |
91-22-67975599 |
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E-Mail : |
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Website : |
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Corporate Office : |
A/501, Bezzola Complex, Opposite Suman Nagar, Sion-Trombay Road,
Chembur, Mumbai – 400071, Maharashtra, India |
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Branches : |
101-10 Level 1, First Floor, Somdutt Chambers 1, Bhikaji Cama Place,
New Delhi – 110066, Delhi, India Tel. No.: 91-11-26196208/9810162469 Also Located At:
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DIRECTORS
As On 31.03.2010
|
Name : |
Mr. Kapil Puri |
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Designation : |
Chairman and Managing Director |
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Qualification : |
Computer Engineer |
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Date of Appointment : |
21.01.2005 |
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Name : |
Mr. Rajesh Chhabria |
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Designation : |
Managing Director |
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Name : |
Mr. Deepak Bhagchandaney |
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Designation : |
Whole Time Director |
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Qualification : |
Electronic and Telecommunications Engineering Masters degree in
Marketing |
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Date of Appointment : |
15.05.2002 |
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Name : |
Mr. Adarsh Bagaria |
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Designation : |
Wholetime Director |
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Qualification : |
Bachelor of Commerce |
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Date of Appointment : |
21.01.2005 |
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Name : |
Mr. Ramesh Sharma |
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Designation : |
Director (resigned w.e.f 01.08.2009) |
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Name : |
Mr. Rajkumar Bahri [Up to May 3, 2007] |
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Designation : |
Director |
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Name : |
Mr. Prakash Desai |
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Designation : |
Director |
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Name : |
Mr. Paresh Bambolkar |
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Designation : |
Director |
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Date of Ceasing: |
10.08.2006 |
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Name : |
Mr. Deepak Vasdev |
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Designation : |
Additional Director (reginged w.e.f 07.10.2009) |
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Date of Appointment: |
28.04.2006 |
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Name : |
Major General G K Nischol AVSM, VSM, (Retd.) |
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Designation : |
Additional Director |
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Date of Appointment: |
28.04.2006 |
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Name : |
Mr. Sanjay Kukreja |
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Designation : |
Director |
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Name : |
Mr. Ketan Chokshi |
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Designation : |
Director (resigned w.e.f 30.04.2010) |
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Name : |
Mr. Sunil Sarin |
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Designation : |
Director |
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Name : |
Mr. Subroto Chaudhury |
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Designation : |
Director |
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Name : |
Mr. Vijay Kumar Gupta |
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Designation : |
Director |
KEY EXECUTIVES
|
Name : |
Mr. Amit Kumar Gupta |
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Designation : |
Company Secretary |
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Name : |
Mr. Prem Iyer |
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Designation : |
Company Secretary |
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Name : |
Mr. Sanjay Kumar Mutha |
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Designation : |
Company Secretary |
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Date of Appointment : |
15.05.2007 |
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Name : |
Mr. Ravi Bhatnagar |
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Designation : |
Senior Vice President (Corporate) |
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Name : |
Mr. Hemant Sethi |
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Designation : |
Vice President |
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Name : |
Mr. P. P. Singhal |
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Designation : |
CEO (Network Infrastructure) |
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Name : |
Mr. Anil Wadhwa |
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Designation : |
Chief Operating Officer |
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Name : |
Mr. Rajesh Duggal |
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Designation : |
Senior Vice President |
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Name : |
Mr. Monojit Samadar |
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Designation : |
Vice President – IT Information Security |
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Name : |
Mr. S. C. Chugh |
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Designation : |
Vice President |
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Name : |
Mr. Vidur Sehgal |
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Designation : |
CEO (Government and Power) |
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Name : |
Mr. Rajiv Aggarwal |
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Designation : |
CEO (E-Governance) |
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Name : |
Mr. Parag Kasture |
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Designation : |
President – Services (Service Provider) |
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Name : |
Mr. Partho Mullick |
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Designation : |
Senior Vice President (Transport, Security and Surveillance) |
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Name : |
Mr. Kamal Maheshwari |
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Designation : |
Senior Vice President – Power (Distribution Franchisee) |
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Name : |
Mr. Praveen Kumar |
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Designation : |
CEO – Spance BPO |
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Name : |
Mr. Anil Wadhwa |
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Designation : |
CEO and Executive Director |
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Name : |
Mr. Tejinder Singh Bhatia |
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Designation : |
Director and CEO |
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Name : |
Mr. Kaustubh Dhavse |
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Designation : |
Vice President and Head of (Business strategy – Spanco Group) |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 31.12.2010
|
Names of Shareholders |
No. of Shares |
Percentage of
Holding |
|
(A) Shareholding of Promoter and Promoter Group |
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10666685 |
38.01 |
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(B) Public Shareholding |
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939328 |
3.35 |
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1696751 |
6.05 |
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5586326 |
19.90 |
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3829939 |
13.65 |
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2072657 |
7.39 |
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1905604 |
6.79 |
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188620 |
0.67 |
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84967 |
0.30 |
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1094123 |
3.90 |
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Total |
28065000 |
100.00 |
(1)
Indian
Individuals
/ Hindu Undivided Family
Individual
shareholders holding nominal share capital up to Rs. 0.100 million
BUSINESS DETAILS
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Line of Business : |
Providing Telecommunication and IT Enabled Services. |
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Products : |
Item Code No. 85179000/85176270 NA NA |
Product Description Multiplexer Call Centre Networking Equipment |
GENERAL INFORMATION
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No. of Employees : |
Around 8000 |
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Bankers : |
v
Bank
of v
State
Bank of v
HSBC
Limited v
ABN
Amro v
Barclays
Bank v
Centurion
Bank of v
Citi
Bank v
Deustche
Bank v
Exim
Bank v
HDFC
Bank v
ICICI
Bank v
IndusInd
Bank v
Karur
Vysya Bank v
Standard
Chartered Bank v
State
Bank of v
State
Bank of v Yes Bank v DBS Bank v Bank of v Lakshmi Vilas
Bank v Punjab National
Bank v State Bank of v State Bank of |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
RSM and Company Chartered Accountants |
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Address : |
Mumbai, |
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Name : |
S. R. Batliboi and Company Chartered Accountant |
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Joint Venture: |
v Bharat BPO Services Limited v Spanco
Limited, v Spanco
Golden Key Solutions LLC v Spanco
Golden Key Solutions WLL |
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Associates : |
v Global Respondez Services Limited v Percept Trading Private Limited v Respondez UK Limited v Steady Growth Properties Private Limited |
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Subsidiaries: |
v
Spanco BPO Ventures Limited v
Spanco BPO Services Limited * v
Spanco Respondez BPO Private Limited v
Spanco Europe Limited, v
Spanco Limited, v
Spanco (S) Pte. Limited, v
Global Respondez Inc., v
Spanco Global Solutions Private Limited v
Spanco Great IT Private Limited v
Skandsoft Technologies Private Limited v
Spanco Holdings Inc., v
Spanco Infratel Private Limited v
Spanco IT Infrastructure Private Limited v
New Delhi Teletech Private Limited v
Spanco CSC Limited (formerly known as New Delhi
Tele-Ventures Limited) v
Spanco International Pte. Limited, v
Spanco Respondez Services Limited (upto
30.03.2010) v
Spanco ( |
CAPITAL STRUCTURE
As On 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
47000000 |
Equity Shares |
Rs.10/- each |
Rs.470.000 Millions |
|
3000000 |
Redeemable Preference shares |
Rs.10/- each |
Rs.30.000 Millions |
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|
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Total |
|
Rs.500.000
millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
|
|
|
|
28065000 |
Equity Shares |
Rs.10/- each |
Rs.280.650
Millions |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
280.650 |
206.500 |
206.500 |
|
|
2] Share Application Money |
0.000 |
0.000 |
60.587 |
|
|
3] Reserves & Surplus |
4195.731 |
3067.605 |
2830.137 |
|
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
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NETWORTH |
4476.381 |
3274.105 |
3097.224 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
5865.140 |
5608.657 |
3164.950 |
|
|
2] Unsecured Loans |
553.816 |
370.304 |
600.877 |
|
|
TOTAL BORROWING |
6418.956 |
5978.961 |
3765.827 |
|
|
DEFERRED TAX LIABILITIES |
39.629 |
0.000 |
13.649 |
|
|
|
|
|
|
|
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TOTAL |
10934.966 |
9253.066 |
6876.700 |
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APPLICATION OF FUNDS |
|
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|
|
|
|
|
|
|
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FIXED ASSETS [Net Block] |
1622.161 |
986.118 |
391.458 |
|
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Capital work-in-progress |
1472.901 |
1004.608 |
582.629 |
|
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INVESTMENT |
1018.838 |
1154.591 |
782.334 |
|
|
FOREIGN CURRENCY MONETARY ITEM TRANSLATION DIFFERENCE ACCOUNT |
(0.443) |
65.244 |
|
|
|
DEFERREX TAX ASSETS |
0.000 |
24.512 |
0.000 |
|
|
|
|
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CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
1905.183
|
706.001
|
449.741
|
|
|
Sundry Debtors |
6159.330
|
4707.565
|
3385.262
|
|
|
Cash & Bank Balances |
552.573
|
462.958
|
471.019
|
|
|
Other Current Assets |
555.097
|
390.799
|
15.500
|
|
|
Loans & Advances |
4862.436
|
4031.462
|
2638.604
|
|
Total
Current Assets |
14034.619
|
10298.785
|
6960.126
|
|
|
Less : CURRENT LIABILITIES
& PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
3911.397
|
1639.380
|
|
|
|
Other Current Liabilities |
3227.528
|
2613.828
|
1783.500
|
|
|
Provisions |
74.185
|
27.584
|
56.347
|
|
Total
Current Liabilities |
7213.110
|
4280.792
|
1839.847
|
|
|
Net Current Assets |
6821.509
|
6017.993
|
5120.279
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
10934.966 |
9253.066 |
6876.700 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
11829.273 |
6671.436 |
5654.495 |
|
|
|
Other Income |
268.021 |
122.435 |
77.804 |
|
|
|
TOTAL (A) |
12097.294 |
6793.871 |
5732.299 |
|
|
|
|
|
|
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Less |
EXPENSES |
|
|
|
|
|
|
|
Raw materials consumed |
1.614 |
18.134 |
0.000 |
|
|
|
Purchase and Direct Expenses |
10881.809 |
4969.326 |
4259.196 |
|
|
|
Personnel Cost |
303.368 |
338.953 |
449.174 |
|
|
|
Operating and other expenses |
344.334 |
878.204 |
359.504 |
|
|
|
Increase/ (decrease) in stock |
(1163.274) |
(198.614) |
(254.229) |
|
|
|
TOTAL (B) |
10367.851 |
6006.003 |
4813.645 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
1729.443 |
787.868 |
918.654 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
553.471 |
351.228 |
217.875 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
1175.972 |
436.640 |
700.779 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
173.104 |
120.841 |
100.254 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
1002.868 |
315.799 |
600.525 |
|
|
|
|
|
|
|
|
|
Less |
TAX (I) |
384.140 |
119.721 |
217.882 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-I) (J) |
618.728 |
196.078 |
382.643 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
1.390 |
421.730 |
|
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Proposed Dividend |
28.065 |
14.033 |
NA |
|
|
|
Tax on Proposed Dividend |
4.770 |
2.385 |
|
|
|
|
Transfer to debenture redemption reserve |
85.000 |
600.000 |
|
|
|
BALANCE CARRIED
TO THE B/S |
502.283 |
1.390 |
|
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
0.073 |
133.281 |
116.230 |
|
|
|
Income from services |
3.286 |
3.608 |
561.130 |
|
|
TOTAL EARNINGS |
3.359 |
136.889 |
677.36 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Purchase of Traded Goods |
16.583 |
204.475 |
486.699 |
|
|
|
Capital Goods |
471.542 |
6.914 |
32.348 |
|
|
TOTAL IMPORTS |
488.125 |
211.389 |
519.047 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
23.15 |
9.50 |
18.53 |
|
QUARTERLY RESULTS
|
PARTICULARS |
30.06.2010 |
30.09.2010 |
31.12.2010 |
|
Type |
1st
Quarter |
2nd
Quarter |
3rd
Quarter |
|
Sales Turnover |
3106.090 |
3488.370 |
3573.930 |
|
Total Expenditure |
2686.600 |
2953.240 |
2966.530 |
|
PBIDT (Excl
OI) |
419.490 |
535.430 |
607.400 |
|
Other Income |
20.330 |
28.320 |
8.890 |
|
Operating
Profit |
439.820 |
563.750 |
616.290 |
|
Interest |
150.970 |
164.590 |
182.390 |
|
Exceptional
Items |
0.000 |
0.000 |
(77.730) |
|
PBDT |
288.850 |
399.160 |
356.170 |
|
Depreciation |
67.170 |
76.490 |
76.380 |
|
Profit
Before Tax |
221.680 |
322.670 |
279.790 |
|
Tax |
78.460 |
150.430 |
93.300 |
|
Reported PAT |
143.220 |
172.240 |
186.490 |
|
Extraordinary Items |
0.000 |
0.000 |
0.000 |
|
Prior Period Expenses |
0.000 |
0.000 |
0.000 |
|
Other Adjustments |
0.000 |
0.000 |
0.000 |
|
Net Profit |
143.220 |
172.240 |
186.490 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
5.11
|
2.89 |
6.68
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
8.48
|
4.73 |
10.62
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
6.41
|
2.80 |
8.17
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.22
|
0.10 |
0.19
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
3.05
|
3.13 |
1.81
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.95
|
2.41 |
3.78
|
LOCAL AGENCY FURTHER INFORMATION
HISTORY
An ISO 9000 company engaged in Telecommunication and IT
enabled services, which was incorporated under the name of Kadambari Leasing
which was later on changed to its present name i.e. Spanco Telesystems and Solutions
Limited.
A fast growing IT Enabled Services company has its presence in domestic as well
as International Market and has its remote facilities in US and
The company has grown with a remarkable pace and made its presence felt
throughout the country by setting up call centres at Mumbai, Gurgaon,
Bangalore, Pune and Kolkata and has also increased its workforce manifold from
mere 120 employees in March, 2002 to nearly 1000 in March, 2003. This increase
in size has also resulted in topline and bottomline growth of the company.
The company has commissioned a US based subsidiary in 2002-03.Spanco has
expanded its Call centres from one unit in August 2002 to five fully
operational Call Centres across
REVIEW OF
OPERATIONS
During the year, the Company's income from operations with other income
stood at Rs. 12097.294 Millions as compared to Rs. 6793.871 Millions in the
previous year registering a growth of about 78%. Profit before interest and
finance charges, depreciation and taxation stood at Rs. 1729.442 Millions as
against Rs. 787.868 Millions in the previous year, thereby registering a growth
of about 120%. Profit after tax registered a growth of about 216% and stood at
Rs. 618.728 Millions as compared to Rs. 196.077 Millions in the previous year.
DIRECTORS
During the year, Mr. Ramesh Sharma, Mr. Deepak Vasdev and Mr. Ketan
Chokshi have resigned from Directorship of the Company with effect from
01.08.2009, 07.10.2009 and 30.04.2010 respectively. The Board places on record
its appreciation for their valuable contribution during their tenure as
Directors of the Company.
The Board of Directors of the Company have re-appointed Mr. Kapil Puri
as a Chairman and Managing Director and Mr. Adarsh Bagaria as a Whole Time
Director of the Company for another period of five years w.e.f. 21.01.2010 subject
to approval of members at the ensuing Annual General Meeting of the Company.
Mr. Sunil Sarin, Mr. Subroto Chaudhury and Mr. Vijay Kumar Gupta were
appointed as Additional Directors of the Company by ttie Board effective
27.01.2010, 29.03.2010 and 12.04.2010 respectively. They hold office upto the
ensuing Annual General Meeting of the Company. The Company has received notices
under Section 257 of the Companies Act 1956, in respect of these Additional
Directors proposing their appointments as Directors of the Company, along
withthe requisite deposits. Resolutions seeking approval of the shareholders
for their appointments have been incorporated in the Notice of the ensuing
Annual General Meeting.
Mr. Adarsh Bagaria, Whole Time Director and Mr. Deepak Bhagchandaney,
Deputy Managing Director of the Company, retire by rotation at the ensuing
Annual General Meeting and being eligible, offer themselves for re-appointment.
MANAGEMENT
DISCUSSION AND ANALYSIS
INDUSTRY STRUCTURE AND DEVELOPMENTS
As
According to latest figures from Nasscom, India's echnology and business
services revenues accounted or 6.1% of GDP in 2010, up from 1.2% in 1998. This
was espite the fact that earlier Nasscom had downgraded ts growth projections
for the domestic IT sector as a esult of the global economic crisis. Major
public sector T projects, such as DID, Key Sector Modernization initiatives
like Power Sector reforms, NeGP, Railways and irport modernization are also
transforming the sector, ven as private entities such as banks, telecoms,
retail nd manufacturing are driving growth in a maturing economy.
While many competitors only turned to the domestic markets after global
markets dried up post the economic downturn, Spanco had recognised the
opportunities within
While the opportunities are huge, however, the fact remains that various
other parameters must co-exist - cost-effectiveness, scalability and
innovation. Without these, in a fiercely competitive post-liberalisation
environment, this potential could be lost.
Much of Spanco's strength comes from the fact that it is intrinsically
involved with the modernisation of key sectors within
In recent times, it has undertaken a process of transformation at all
levels, in order to deal with market shifts. The metamorphosis can be seen in
its technological expertise across a wide range of offerings and its ability
and willingness to meet the challenges of a tough business environment. The
change has been taking place, right at the heart of the organisation, impacting
even the management style and mindsets of the 9,000- plus Spanco family. Spanco
is engaged in creating large scale technology infrastructure to help drive
governance efficiency across key sectors.
Spanco has three major business units. These are:
> Government
> Power
> Telecom Service Provider
Spanco registered revenue of about Rs. 11829.273 Millions on a standalone
basis for FY 2009-10.
Government Business Unit
Background:
In any business environment, the government is invariably one of the
biggest spenders across sectors. Spanco
helps create infrastructure and aids in driving innovative services
across following areas:
> E-governance
> Public Sector Units
> Railways
> Defence
> Transport (Road and Airport Infrastructure)
The management believes that the Company's resources, expertise and experience
are better attuned to provide value in these sectors. Spanco's Government
Business unit contributes to about 50% of the overall revenues.
E-governance
Background:
As Information Technology began to transform the way
The wide range of activities envisaged involves streamlining data
available in various government offices in physical form and converting it into
an electronic format. This alone is a humungous task, but it is just the
beginning. For at the heart of this gigantic exercise is the average citizen
who interacts with government representatives at every level for essential
documentation, ranging from birth and death certificates to passports and
ration cards, among other things. As many as 27 Mission Mode Programmes were
envisaged ranging from integrated databases for Income Tax, Passport and Visa,
A National Citizens' Database, National Unique Identification to integrating
and e-enabling various like land records,, court records, property and vehicle
registration etc. This involved creating the right technology and communication
environments to implement Government-to-Government (G2G),
Government-to-Business (G2B) and Government-to-Citizen (G2C) services. The
programme is designed to impact citizens of both urban and rural areas.
Public Sector Units
Background
The public sector has played a key role in the Indian economy,
particularly after
Railways
Background
A railway network of over 63,000 kms, covering over 6,900 stations and
carrying 20 million passengers and two million tons of freight daily - by all
accounts Indian Railways is among the biggest and most complex networks in the
world. Indian Railways has been on the forefront of using technology to help
drive efficiency across various areas. Apart from streamlining operations,
massive investments have gone in deriving process efficiency in procurement,
project execution, signal management, wagon and goods tracking etc.
Spanco already has a long history of working with the Indian Railways,
especially in the BPO space. This experience and knowledge of specialized
requirements coupled with its technical expertise makes it one of the strongest
players in this segment. It has also created SI platforms for the Railways in
the past, winning several accolades. The huge volumes that Spanco can manage
can be seen from just a single example; the Railway Enquiry number 139 handles
as many as eight to ten lakh calls in a single day; this is possible only
because of Spanco's technological expertise. The project is operated in
collaboration with Spice BPO. Spanco has also set up the Customer Interface
Technology platform for IRCTC.
Defence
Background
To meet these challenges
Transport/ Integrated Check posts
Background
Infrastructure Sector development is the top priority of any government
as it has a direct bearing on the Nations growth and productivity. In a recent article
it was published that
Airport and Ports account for a lions share in investment and their
modernization will attract equally large investment in IT and Telecom systems.
They see a huge upside for Spanco as they are closely working within these
segments and there solutions are focussed in creating efficient governance
systems.
In November 2008, the union cabinet approved the setting up of
integrated check posts at 13 identified entry points on land borders at a total
cost of Rs. 6.35 billion. The check posts will be sanitized zones with
dedicated passenger and cargo terminals comprising adequate customs and
immigration facilities. In addition, security and scanning equipment, health
and quarantine facilities, passenger amenities like waiting areas, restaurants,
rest rooms, duty-free shops and parking warehousing are also envisaged. The
check posts are designed to curb illegal transportation, increase revenue for
the state government, check vehicles, validate goods, and check for bombs,
narcotics and weapons, among other things. Several departments are involved in
their formation including Dept of Commercial Tax, Transport and State Excise,
Dept. of Mines and Forests, Dept. of Agriculture, Agriculture Marketing Board,
Department of Home, Police, Security, and BFA Drug Controller.
Power Business Unit
Background:
According to a Whitepaper on e-Governance in the Power Sector produced
by Spanco in association with
To tackle this issue of T and D losses, in August 2008, the Government
of India launched an ambitious program called Re-structured Accelerated Power
Development and Reforms Program (R-APDRP). This program seeks
to make an actual demonstrable difference in terms of sustained loss
reduction through strengthening and upgradation of sub transmission and
distribution network and adoption of Information Technology for establishment
of baseline data and fixation of accountability. The objective of the program
is reduction of ATandC losses to 15% in project areas.
Distribution Franchise (DF):
Background
DF business requires services providers to manage the entire
distribution end to end. The idea to involve private
companies is to help the State Electricity Boards (SEB) become more
efficient. For all round growth and nation's conducive development of
Electricity supply industry is essential, which can come only through
competition and this competition in turn also protects the interest of the
consumers.
Telecom Service Provider Business Unit
Background:
For a country to be competitive in the global markets, telecommunication
sen/ices of world-class quality are essential. Recognizing this in a
post-liberalization scenario, the Government of India gave the highest priority
to the development of telecom services and the National Telecom Policy 1994 was
launched with the objective of ensuring telecommunication for all. Barely a
decade later the telecom industry in
OUTLOOK
Spanco's growth is intrinsically linked with the growth of
In addition, its strong management thrust, clear strategic direction,
focused action, right manpower capabilities, pan-India presence, ability to
manage and be ahead of technology changes and customize precise solutions for
diverse clientele, within robust, systematic processes mean that company is
well-poised to benefit from the emerging opportunities.
Across all there business lines viz. Government, Power, Telecom Service
providers, they see sustainable growth and will work hard to increase there share
to gain maximum out of the spending in Infrastructure creation and services.
BUSINESS PROCESS OUTSOURCING
Industry Structure
and Developments
The BPO industry in
Two mega-trends are expected to fuel this growth further. The world has
witnessed an unprecedented economic volatility in the past 2 years. 2009-10 has
seen the world economy slowly starting to get back on track and some markets
have fully recovered from the onslaught. The overall consumer spending has
improved and industries like retail and banks have reported stability which is
a vey positive sign. This movement will aid in the growth of all businesses and
thus outsourcing as a whole. The Indian BPO industry is ideally suited to
benefit from this trend.
The second mega-trend is the emergence of the domestic BPO opportunity.
As markets within
- Indian enterprises as well as government departments and Public Sector
Units are discovering the importance of hiving off their non-core functions to
outsourced providers in order to save costs. As
Spanco with its diversified range of BPO assets is well poised to
benefit from both these mega trends. Spanco's presence across geographies
allows it to deliver GLOCAL (Global+Local) solutions. The integration of
support function which includes HR, Finance and Accounts and Quality, will not
only reduce wastage in the system but also create synergistic benefit for the
organization. On the other hand, operations team independent to geographies
will be capable of delivering client focused solution resulting greater
customer satisfaction, repeat business, increased business opportunities from
new clients and sustainable growth of the organization.
The changing market dynamics in recent times has resulted in a
consolidation period for the industry as a whole. Organisations with larger
portfolios of service offerings and the capacity to deliver high-end solutions
will emerge as competitive. In keeping with this trend, Spanco has decided to
energise its operations through an integrated structure, with a view to
sustaining existing growth and seizing new opportunities.
Spanco BPO Ventures Limited is the integrated BPO entity which houses
following businesses:
a) Domestic (lndia): Operations are focused to address the
outsourcing need of domestic clients for variety of application across various
industry segments like Telecom, BFSI, Government etc.
b) International (US and Europe): Operations are focused to
address the outsourcing needs of
c) Middle East Operations: Is operated out of two centers in
Middle East Viz.,
d) African Operations: Proposed presence in
Segment wise performance
BPO operations at Spanco
In the last fiscal, all BPO operations, from domestic to international
and
Domestic (Spanco BPO Services Limited):
The total revenue for the 12-month period ended 31.03.2010 was Rs.
702.698 Millions. This is growth of 97.9 % over the previous year.
International (Spanco Respondez BPO Private Limited and
Spanco Europe Limited both branded as 'Respondez'):
The total revenue for the 12-month period ended 31.03.2010 was Rs.
874.424 Millions an increase of 16.51% over previous fiscal.
as Spanco GKS):
The total revenue for the 12-month period ended 31.12.2009 was Rs.
531.019 Millions. Spanco's share in this revenue was Rs. 218.969 Millions.
Outlook
Going forward, the Indian BPO sector, at its current momentum, can reach
around $ 30 billion in export revenues by 2012. Furthermore, the domestic BPO
market (in verticals such as, banking, retail, insurance, media, telecom and
government) provides an additional $ 15-20 billion opportunity for the sector.
In the Domestic BPO section, the Company is now focused on the telecom
sector, and by providing marketing support services to help increase the
subscriber base and incremental sales of value-added services, is confident of
strong growth, moving forward.
In the International Operations (
In the
CONTINGENT LIABILITIES:
|
Particulars
|
31.03.2010 (Rs. In Millions) |
|
|
|
|
Letters of Credit issued by
bankers |
181.190 |
|
Guarantees given by banks on
behalf of the Company |
1773.853 |
|
Guarantees and counter
guarantees given by the Company |
1595.531 |
|
Income tax demand |
40.104 |
UNAUDITED
FINANCIAL RESULTS (STANDALONE) FOR THE QUARTER ENDED 30.06.2010
Rs. In Millions
|
Particulars |
|
Quarter Ended 30.06.2010 (Unaudited) |
|
a) Net Sales / Income from Operations |
|
3104.864 |
|
b) Other Operating Income |
|
1.224 |
|
Total Income |
|
3106.088 |
|
Expenditure |
|
|
|
(a) (Increase)/decrease in Stock in Trade |
|
(203.283) |
|
(b) Consumption of Raw Materials |
|
- |
|
(c) Purchase and direct expenses |
|
2709.217 |
|
(d) Employees Cost |
|
84.461 |
|
(e) Depreciation |
|
67.170 |
|
(f) Other Expenditure |
|
96.211 |
|
Total Expenditure |
|
2753.776 |
|
Profit / (Loss) From Operations before other Income Interest & Exceptional Items |
|
352.312 |
|
Other Income |
|
20.334 |
|
Profit/(Loss) before Interest and Exceptional items |
|
372.646 |
|
Interest |
|
150.965 |
|
Profit / (Loss) after interest before Exceptional items |
|
221.681 |
|
Exceptional Items |
|
- |
|
Profit / (Loss) From
Ordinary activities before Tax |
|
221.681 |
|
Provision for Taxation |
|
|
|
- Current |
|
77.500 |
|
- Differed |
|
0.908 |
|
- Fringe benifit Tax |
|
- |
|
- Wealth Tax |
|
0.050 |
|
Net Profit/(Loss) From Ordinary activities after Tax |
|
143.223 |
|
Extraordinary Items |
|
- |
|
Taxation of earlier year |
|
- |
|
Net Profit/(Loss) for the period |
|
143.223 |
|
Paid Up Equity Share Capital ( Face Value of the share Rs.10/- each ) |
|
280.650 |
|
Reserves (Excluding Revaluation Reserves) |
|
- |
|
Public Share
Holding |
|
|
|
Before
Extraordinary Items |
|
|
|
-Basic |
|
5.10 |
|
-Diluted |
|
5.10 |
|
After Extraordinary Items |
|
|
|
-Basic |
|
5.10 |
|
-Diluted |
|
5.10 |
|
Average of Public Share Holding |
|
|
|
- Number of Shares |
|
17475592 |
|
- Percentage of shareholding |
|
62.27% |
|
Promoters and Promoter group share holding |
|
|
|
a) Pledged / Encumbered |
|
|
|
- Number of Shares |
|
15000000 |
|
- Percentage of share (as a % of the total shareholding of promoter and promoter group) |
|
14.17% |
|
- Percentage of shares(as a % of the total share capital of the company) |
|
5.34% |
|
b) Non-encumbered |
|
|
|
- Number of Shares |
|
9089408 |
|
- Percentage of Share (as a % of the total shareholding of promoter and promoter group) |
|
85.83% |
|
- Percentage of Share (as a % of the total share capital of the company) |
|
32.39% |
Notes:
- The above financial results have been reviewed
by the audit committee and approved and taken on record by the board of
directors at their meeting held on 13.08.2010. The statutory auditors have
carried out limited review of the above results.
- Interest is considered on net basis.
- The company operates in single segment i.e
Telecom and therefore separate segment reporting is not applicable.
- There was no investor’s complaint outstanding
at the beginning of the quarter. During the quarter, no investor
complaints were received and no complaint was lying unresolved at the end
of the quarter.
- Figures for previous periods/year have been
regrouped/reclassified/recast, wherever necessary.
FIXED ASSETS
v
v Leasehold Improvements
v Building
v Guest House
v Plant and Machinery
v Computers
v Electrical Installation
v Furniture and Fixtures
v Office Equipments
v Motor Vehicles
v Goodwill
v
Software
v
Patent
AS PER WEBSITE
Spanco is in the
business of creating Technology Infrastructure to help drive governance
efficiency across key sectors. Spanco is SEI CMM Level 3 and ISO 9001-2008
certified.
Spanco caters to large complex Technology Infrastructure projects across
Government, Power and Telecom Service Provider’s space. Spanco Limited also has
a formidable presence in the BPO space spread over four continents and catering
to
Technology
Infrastructure Division:
Spanco has been an active player in this space for over a decade and today
ranks amongst the best in
Spanco has dedicated
teams addressing opportunities in e-Governance, PSU, Defense, Power, Transport
and Telecom Service Provider. Spanco has a dedicated unit “Government Transformation
Services” which utilizes its propriety services to help various state and
central government become more efficient by the use of information technology.
In there Service Provider Business Unit, they cater to carriers in
There offerings within the Power space revolve around utilizing information
technology to increase the efficiency of power distribution. Spanco is empanelled
as a System Integrator with Power Finance Corporation (PFC) and aggressively
participating in modernization programs like RAPDRP and Distribution Franchise.
BPO
Spanco has been present in the BPO business from 2000. It has been instrumental
in the creation of both Domestic and International business divisions to meet
specific customer requirements.
Spanco’s BPO arm of business encompasses various activities, structured around
following focused entities:
a) Domestic(
b) International (US and Europe): Operations are focused to address the outsourcing needs of
c) Bharat BPO
Services: Is a dedicated entity created to address the complete customer
interaction management requirements of Indian Railways (IRCTC). It’s a complete
turnkey, managed services contract from Indian Railways to address any and
every query of passengers over the next 10 years.
d) Middle East Operations: Is operated
out of two centers in Middle East Viz
e) African
Operations: Presence in
Local Countrywide and International Presence:
Spanco has a
countrywide presence in
AWARDS AND RECOGNITIONS
-
Spanco
is ISO 9001:2008, ISO 27001 (BS 7799) and CMMI Level 3 certified
-
Awarded
one of the Best IT Company in eGovernance Space for 2010 by the Govt. Of
-
Amity
Leadership Award for Kapil Puri for outstanding contribution to Domestic IT
Industry
-
Consistently
ranked in the top 500 companies of India Inc by ET
-
Ranked
as the fastest growing company in Deloitte Technology Fast 500 Asia Pacific and
Fast 50 India 2007 survey
-
Spanco
GKS there Middle East JV was awarded the Best Outsourcing Solutions Provider in
the
-
Nominated
in the category of Best IT companies in
COMPANY
Over the ages, it is information, the access
to it and the ability to process it that have dictated change in their world.
Also the means to delivering information have played an equally pivotal role.
Telecommunication for one has evolved into
an indispensable information delivery tool. From a mere people communication
tool, telecom today helps businesses succeed by helping exchange info swiftly
and adequately.
And in this Telecom Technology space subject stands tall as one of the most
specialized providers of cutting edge business enhancing solutions and
services.
Established in 1995 by Mr. Kapil Puri and Mr. Rajesh Chhabria, today subject is
one of the leading networking and systems integration Solutions Company in
3300 employees strong, subject is spread over nine locations - Mumbai,
Pune, Ahmedabad, Gurgaon, Kolkata, Bangalore, Hyderabad, Lucknow and Guwahati.
Internationally, subject has a 100% subsidiary in
The company is accredited with the ISO 9001 - 2000 quality certification for
Telecom Integration Services and also listed in the Bombay Stock Exchange.
EVOLUTION:
In 1995, Spanco went into business through the manufacture
and supply of EPABX and analogue radio products, but has since evolved into a
comprehensive networking and system integration company. Subjects caters to the
critical networking needs of Indian utilities, carriers and its prestigious
Defense sector.
MANAGEMENT
Mr. Kapil Puri - Chairman and Managing Director
Mr. Puri is the Chairman and Managing Director of the Spanco Limited. He
founded Spanco in 1995 as a Telecom System Integration company and today Spanco
Limited is a formidable force in System Integration space. Through streamlining
operations, acquiring new businesses, and ensuring that each business under the
Spanco umbrella is one of the best in its field, Spanco was able expand
dramatically into the BPO space. Mr. Puri has enhanced the company’s corporate
governance policies in line with best practices and listed Spanco on the Bombay
Stock Exchange.
In addition to chairing the board of directors, Mr.Puri is responsible for
managing the company; formulating and executing long-term strategies; and for
all interactions with clients, employees, investors and other stakeholders. Mr.
Puri is Spanco’s primary decision maker and policy maker, setting the tone for
the company’s values, ethics and culture.
His vision helped the group foray into the Business Process Outsourcing (BPO)
industry way back in 2000. He was instrumental in setting up “Sparsh” and
“Respondez”, Spanco’s domestic and International Contact center brands
respectively. In 2005, “Sparsh” was sold to the Blackstone” backed Intelenet, a
deal which was the biggest in the domestic BPO space at that time.
Under his guidance, Spanco today has a focused “Government Transformation
Services” vertical which works with various state governments and the central
government assisting it to become more efficient by the use of information
Technology. Spanco is executing large eGovernance project across various states
in
Mr. Puri is a visionary in true sense and responsible for sculpting a unique
business model for Spanco and contributing to the sustained growth over years.
Mr. Ramesh Sharma – Director
A post graduate, M.Com from Mumbai University, and is a fellow member of
Institute of Chartered Accountant, having an experience of over 20 years in the
field of taxation, finance and banking,. His rich experience in the aforesaid
field are of great value for the company, and his administrative skills have
immensely helped the company in its growth.
Mr. Deepak Bhagchandaney - Whole-Time Director
Deepak Bhagchandaney is the Deputy Managing Director for Service Provider
business.
Prior to joining Spanco, he worked with large organizations like Tata Telecom,
Motorola and Alcatel. He has over 17 years of experience in the field of
Networking and Telecommunications. He joined Spanco in 2001 as Director - Sales
and Marketing and soon after he was promoted to Deputy Managing Director.
Mr. Bhagchandaney holds a Bachelor’s degree in Engineering, with specialization
in Electronics and telecommunications. He has a Masters degree in Marketing
from
Mr. Adarsh Bagaria - Whole-Time Director
Adarsh Bagaria is the Whole time Director at Spanco Limited.
Mr. Bagaria joined Spanco in 2000 and has been sphere heading several projects
across the group. He has been instrumental in the setting up of the BPO
business. He has worked extensively across various functions to provide
Administrative, Strategy and People support.
Adarsh has more than 17 years of work experience spanning in various sectors
including High Technology, Steel and Telecom. He has a keen sense for finance
and led a cost effective administrative and people operations across various
group companies spanning more than 8000 people. His strong relationship
management has led several partnerships and acquisitions across the globe.
Adarsh was instrumental in Spanco’s acquisitions in
Adarsh holds a Bachelor’s degree in Commerce from
Mr. Prakash Desai – Director
A Commerce graduate, holder of Diploma in Marketing Management, with a rich
experience of 27 years (10 years in selling and sales management, 17 years in
training and development). Having worked with brands like Kores
Mr. Sanjay Kukreja - Member of the Board
An MBA from Indian Institute of Management,
Mr. Ketan Chokshi - Member of the Board
A Law graduate from Mumbai University and is a fellow member of the Institute
of Chartered Accountants of India, having an experience of over 15 years in the
field of Financial Services including Corporate Advisory, Mergers/Acquisitions,
Valuations, Due Diligence, Resource Raising (Equity/Debt) for Corporates,
Corporate Finance, Business Restructuring, etc.
Mr. Vidur Sehgal CEO (Government and
Power)
Vidur Sehgal is CEO for Government and Power vertical of Spanco Limited
Vidur joined Spanco in as Sales Head and was promoted as Sr. Vice President
within a year. He is responsible for the operations and Sales for business
opportunities in Government and Power vertical.
Vidur started his carrier in 1992 with Punjab Power Generation Machine Limited
a (Crompton Greaves) Company. He was promoted as a Design Engineer and was
responsible for research on indigenous controller in collaboration with
Vidur holds a Bachelor’s degree in Engineering specializing in Electronics and
Communication, from R.V. College of Engineering Bangalore.
Mr. Pradeep Prakash Singhal
- CEO(Network
Infrastructure)
Pradeep Prakash Singhal is the CEO for Network Infrastructure Business
Unit of Spanco Limited. Mr. Singhal is a telecom expert with more than 35 years
of experience in equipment manufacturing and services. He was closely involved
in the technology absorption, development of telecom equipments, I and C and
services in
He joined Spanco Limited in 2006 to lead Spanco’s Network Infrastructure
business. Prior to Spanco, he worked at senior positions with ITI (the largest
telecom manufacturing company in
Mr. Singhal holds a Bachelor’s degree in Engineering specializing in Electrical
engineering, from MNNIT Allahabad, PG Dip (Finance), MDP (GM) IIM Bangalore.
Mr. Rajiv Aggarwal
-
CEO(E-Governance)
Rajiv Aggarwal joined Spanco as the CEO of
E-Governance business.
He has more than 30 years of experience in working on Government Projects and
has successfully managed the entire IT spectrum from Products, Solutions to
Services. During the last four decades, he has been involved in large citizen
centric projects covering the Urban and Rural parts of the country.
In his last assignment, he was associated with the State Services Delivery
Gateway which is the basic IT platform necessary for connecting citizens to the
Government and facilitating the process of rendering services to the Indian
citizens.
As a consultant to various State Governments, he and his team advised the State
on selection of partners, Business Process Engineering and the impact of
citizen services on the existing Government infrastructure.
He was instrumental in launching the first Smart Card based system in the
country and overseeing the roll- out of CSCs across the country.
Mr. Aggarwal holds a Bachelor’s degree in Engineering, with specialization in
Electronics from BITS- Pilani.
Mr. Parag Kasture
-
President
Services(Service Provider)
Parag Kasture is President - Services for
Service Provider Business.
Parag brings with him a vast leadership and multi cultural experience of over
20 years in Telecom and Networking industry. Prior to joining Spanco, he was
responsible for the APAC operations of a leading WiMAX equipment startup
Communications company. He and his team were credited for designing, deploying
and managing the world’s largest WiMAX networks for Tier-1 operators in
Parag has worked with leading technology/ equipment suppliers. He has technical
expertise in planning and design of TDM and IP core and broadband networks
across Wireline and Wireless technologies to deliver data/voice/video services,
with good functional understanding of DC, OSS/BSS, NOC (NMS), CRM/CC etc. used
in SP networks.
He has worked on turn-key and managed services planning and rollout, client
engagement, pre-sales/ technical account management and direct/indirect sales
including tendering.
At Spanco, Parag is currently entrusted with re-creating the Services business
with a profit-centre approach.
Parag holds a Bachelor degree in Electronics Engineering and Masters Degree in
Marketing Management from
Mr. Partho Mullick
- Sr. Vice President (Transport, Security and Surveillance)
Partho Mullick is Senior Vice President and
Head of Transport, Security and Surveillance.
Partho joined Spanco in November 2009. He has wealth of experience spanning
over 25 years in verticals that cover Traffic and Transportation solutions
including traffic management, tracking, surveillance, tolling solutions and
Automatic Fare collections systems. He has been involved in Security and
Surveillance for mass transit (buses and trains), large installations like
Airports, Ports, Oil Terminals etc, these cover video analytics and alarming
systems, Sourcing, Technology tie-ups world-wide, development activities.
Partho has a Bachelors Degree in Electrical Engineering, from MS University,
Mr. Kamal
Maheshwari
-
Sr. Vice President -
Power (Distribution Franchisee)
Kamal Maheshwari is Senior Vice president of
Power (Distribution Franchisee).
Kamal Maheshwari joined Spanco Limited in 2003, as General Manager IT and is
promoted as Senior Vice President, Power (Distribution Franchisee). He has a
sound background of Networking, BPO, software and IT project management. He is
also responsible for Spanco’s foray into Power segment.
Kamal Maheshwari has a strong techno commercial background and is a dynamic
leader with good command on IT management skills. He has wide exposure to
complex solution designing and implementation of Large LAN and multi location
WAN setups. His vast experience also includes BPO and Call center technologies
and has a track record of successful execution of big projects with 5000+
seats.
He is also instrumental in setting up the capabilities in solution designing
for OSS BSS for telecom players and software for business process automations.
Mr. Maheshwari brings to Spanco 16 years of
Technology experience.
Mr. Maheshwari holds a Bachelor’s degree in Electrical Engineering.
Mr. Praveen Kumar
- CEO - Spanco BPO
Pravin Kumar is the CEO of Spanco BPO
Services Private Limited and a member of the Board of Directors of Spanco BPO
Services Private Limited.
Mr. Kumar is an Industry veteran with more than 35 years of experience during
which he has been credited with the creation of three large business empires.
Mr. Kumar today is widely respected name in the Business Process Outsourcing
space and is regarded as a pioneer in the Domestic Call Center Services in the
Country.
Praveen Kumar started his career in 1974 with the Flowmore group for 12 years.
He was instrumental in conceptualizing and setting up diverse businesses like
Capital Goods, Power and Polyester firms. He spent 19 years with the Dalmia
group where he spearheaded various business units ranging from Cement to Textiles
to paging services. He was the Managing Director of DSS Mobile Communications;
which was a JV between Dalmia's, Samsung and Sunkyong of South Korea. DSS, in
2000 was the largest domestic call center in the country.
Mr. Kumar is also credited with the creation of the "Mobilink" paging
brand in
Mr. Kumar is a MBA from BITS Pilani specialization in Finance, Advertising and
Sales. He was the first President of Indian Paging Services Association and was
also an active member of the Telecom Committee of CII.
Mr. Anil Wadhwa
- CEO and Executive Director of Spanco Respondez BPO Private Limited
Anil Wadhwa is CEO and Executive Director of
Spanco Respondez BPO Private Limited and CEO and Director Spanco Europe Limited
(Respondez
Mr. Wadhwa joined Spanco Group in July 2000 as Head of South India region to
set up and grow system integration business in
As a part of the founding team of Spanco’s Domestic BPO business was
instrumental in acquiring and sustaining key clients for the domestic BPO
division in the first year. Also set up the domestic BPO facility at
Mr. Wadhwa holds a Bachelor’s degree in Commerce from
Mr. Tejinder Singh Bhatia
-
Director and CEO, Spanco
GKS
Tejinder Singh Bhatia is Director and CEO of Spanco GKS, in
Tejinder joined Spanco in May, 2006 and has played a key role in growing the
Spanco GKS business. He built two BPO units
Prior to joining Spanco, he was COO and Business Head; Godrej - Upstream
Limited. He has spent 18 years in various senior management positions. Under
his leadership, these businesses achieved significant growth faster than the
market average.
Mr. Bhatia is a postgraduate in Commerce and economics from
His interests include; Cricket, Swimming,
Mr. Bhatia has won a number of Honors and prestigious awards. Some key awards
include Gold award in service category by Oman Web Awards, Largest OSP (>300
Seats) in
Mr. Ravi Bhatnagar
-
Sr. Vice President
(Corporate)
Ravi Bhatnagar is Senior Vice President - Corporate for Spanco Limited.
Mr. Kaustubh
Dhavse
- Vice President and Head of (Business Strategy - Spanco Group)
Kaustubh Dhavse heads the Business Strategy
Group (BSG) at Spanco Limited. In his role, he leads a team of technology,
business and financial strategists who help in defining the Business and
Financial strategy across all Spanco group companies.
Prior to joining Spanco Limited, Kaustubh was head of the ICT consulting
practice for South Asia and
While at Frost and Sullivan, Kaustubh has worked with CEO's of several IT/ITES
and Telecom Companies helping them with their growth strategy. His work on
development of a Product Strategy for a large Indian IT MNC and Go to Market
Strategy for the world's largest network equipment manufacturer was well
recognized.
Kaustubh is a well known speaker and has been featured in prominent business TV
Channels, newspapers, and Industry related magazines.
Apart from Business and Strategy consulting, Kaustubh has been associated with
the IT Outsourcing Industry for more than 8 years. He has worked with EDS and
helped setup the Workplace Support Services Program in
Kaustubh has an Engineering degree from the
BUSINESS PARTNERS
AND ALLIANCES
Subject’s alliances with leading global
companies like Alcatel, Nortel, Apropos, DMC Stratex Networks assist the
company in its bids for large Indian contracts with oil companies, Indian
railways, the Indian defense establishments and other projects. As a result,
the company has acquired visible and brand-enhancing clients like ONGC, Indian
Railways and BSNL, among others over the years.
SPANCO'S PRINCIPAL TECHNOLOGY SUPPLIERS HAVE BEEN DERIVED FROM THE
FOLLOWING LEADING COMPANIES:
- Nortel Networks: Multi service platforms, voice switches, layer 2 and 3 switches
- Polycom: Videoconferencing and audio conferencing solutions
- Alcatel: For TDM multiplexing and digital cross connect solutions
- Verint Systems: Quality monitoring and feedback systems based on actionable intelligence
- Concerto and Interactive Intelligence: Customer interaction management suite of products
- DMC Stratex and Aperto: Point-to-point and point-to-multipoint radio solutions in various frequency bands
- Acterna: Text and measurement solutions
- Amp, Molex and other Indian manufacturers: For copper and fiber media cables
NORTEL NETWORKS
- Established more than a century ago, Nortel Networks has a
tradition of innovation and global leadership in shaping the evolution of
communications.
- Nortel Networks is they're delivering networking and communication
services and infrastructure to service providers and enterprises in more
than 150 countries.
- Industry leader. Provides high performance network infrastructure,
contact centre and other enterprise solutions to carriers and enterprise
customers in more than 150 countries.
- Delivers scalable, flexible and resilient solutions with a product
portfolio which spans packet, optical, wireless and voice technologies,
thereby delivering numerous new services and applications, as well as
seamless and ubiquitous broadband connectivity
- Commanded the largest
CONCERTO
- Concerto is a
proven provider of customer interaction management (CIM) solutions to more
than 1,200 businesses worldwide, which enable companies to more
effectively manage interactions with customers via voice, email, the Web
and fax.
- Founded in
1981 as a dialer provider, the company has evolved significantly, yet
remains exclusively focused on the contact center industry.
- Concerto
enable its diverse customer base across many industries including
healthcare, financial services, travel, telecommunications and utilities
to provide superior customer service.
- Leader in the
outbound predictive dialing solutions.
- Provides
professional services, software services and managed services.
- Possesses
large number of patents in predictive dialing solutions.
- Offers state
of the art solutions built on the latest predictive dialing technology.
POLYCOM
- Founded in
1990, Polycom is the only company today delivering end-to-end rich media
collaborative applications for voice, video, data and the web from desktop
and mobile personal systems to room systems to the network core, enabling
people to connect anytime, anyplace and with any device in a virtual
experience as natural as being there.
- In addition
to being the worldwide leader in market share for best in class group and
personal video systems, video and voice collaboration infrastructures and
conference phones, Polycom also has the only solution for delivering
Unified Collaborative Communications - the convergence of voice, video,
data and web - known as The Polycom Office.
- The
combination of strategic acquisitions and continual product innovation
positions Polycom for continuing its market and technology leadership in
voice, video, web and data collaboration.
Headquartered in
POLYCOM'S INDUSTRY
LEADERSHIP
- 4Creator of over 300 patents in collaborative communications
- 4Market leader in video conferencing systems - ViewStation®, iPowerTM and ViaVideoTM
- 4Market leader in voice conferencing endpoints - SoundStation®
4Market leader in video management systems - Global Management SystemTM- 4Market leader in video network infrastructure systems - MGC-100TM
- 4Market leader in voice conferencing - OCI, Redivoice
VERINT
- Verint Systems Inc. is a leading provider of analytic software solutions for communications interception, digital video security and surveillance, and enterprise business intelligence.
- Verint solutions transform raw voice, video, and data into actionable intelligence and mission-critical analysis to enhance security and increase enterprise profitability.
- Verint actionable intelligence solutions empower more than 1,000 organizations in 50 countries.
- Verint's innovative product architecture enables them to deliver solutions that scale to the size and growth of their customers' organizations. Built on open systems using industry standards, their solutions are designed to integrate seamlessly with existing IT infrastructures, leveraging their customers' investments and reducing total cost of ownership.
- An industry leader in the development, manufacture and marketing of microwave radio solutions for point-to-point applications in licensed frequency bands, enabling the development of complex communications networks worldwide.
- Achieved international recognition for quality, innovation and technical superiority in delivering wireless transmission systems for the transport of data, voice and video communication systems.
- Enjoying 18 years of experience in specialized wireless solutions. Built a global customer base spanning a wide variety of applications and geographic locations. Deployed more than 200,000 systems in over 95 countries. One of the largest installed bases in the industry.
- Has more than 200 active accounts, including Mobile Cellular service providers, public and private fixed network operators, including (among others): Cingular, Sprint (United States), Telcel (Mexico), Embratel (Brazil), France Telecom/Orange (Europe), Firstmark (France), Centertel (Poland), Panafon (Greece), MTN (Africa), Orascom (MEA), China Unicom, and China Mobile (China).
ALCATEL
- Designs, develops and builds innovative and competitive communications network.
- Provides end-to-end communications solutions, enabling carriers, service providers and enterprises to deliver any type of content (voice, data and multimedia) to any kind of customer anywhere in the world.
- Provides best-of-breed bandwidth management solutions and primary data multiplexing products.
- Leveraging its long-term leadership in telecommunications network equipment as well as its expertise in applications and network services, Alcatel enables its customers to focus on optimizing their service offerings and revenue streams
PRESS RELEASE:
09.11.2010
Spanco limited bags
7000 crore Nagpur Distribution Franchisee Project from MSEDCL
Spanco has
emerged victorious in a keenly contested Power Distribution Franchisee bid. The
said opportunity covers the area of
(MSEDCL) and
(MERC) which are one of the most progressive utility and regulator in the
country are keen to bring in operational efficiency in the distribution sector.
It has undertaken many internal reforms programs and has been able to
marginally reduce the Aggregate Technical and Commercial losses and bring in
some discipline to the commercial viability, to strengthen the process of loss
reduction, to analyze the advantages of new technology and new management
techniques the utility in tune with the provisions of the act has devised a
model of “Public Private Partnership”.
Spanco’s role in next 15 years shall be:
Energy accounting across the periphery of the designated
utility area: Improvement in metering, billing and collection (MBC) as well as
transmission is a critical requirement in the power distribution for total
energy accounting.
Distribution transformer indexing in reference to feeders (GIS): Improvement in
the LT distribution system is also envisaged.
Consumer Indexing with reference to distribution transformer and GIS.
Spanco shall emphasize at porting the customer data with all the associated information, asset data, mapped network diagram in graphical form, codification of all the above entities (Assets, LT/HT customers etc.) hierarchically and integrate them into single platform.
Accuchecking of meters: Automated meter reading (AMR) is an important tool for
effective metering and total accounting of energy input and supplies, which
Spanco wishes to implement, starting with high-value industrial, institutional
and commercial consumers and later for agricultural and LT consumers as well.
On this historic win the CMD of Spanco suggested "This is a
remarkable opportunity for the company to contribute in the area of efficient
power distribution. We have been working in the area of creating tech
infrastructure for the last 15 years and have worked across key sectors to
increase governance efficiency. We will work towards creating
CESC, A2Z, Indu
Project, Vijay electrical, CGL, SMS, Spanco, GTL, Tata Power, Reliance, India
Bulls were the eleven bidders for Nagpur Distribution Franchisee. The bids were
evaluated on the basis of highest Net Present Value of the Input energy rate
per Kwh (unit) for each year of the entire project tenure of 15 years.
ABOUT SPANCO
Spanco is in the business of creating technology
infrastructure to help drive governece efficiency across key sectors like
government, power, transport and telecom. Spanco Limited has a formidable
presence in the BPO space spread over four continents and catering to
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
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.44.33 |
|
|
1 |
Rs.74.13 |
|
Euro |
1 |
Rs.65.78 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
YES |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
49 |
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 |
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 |
|
- |
NB |
New Business |
- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.