1. Summary Information
|
|
|
Country |
India |
|
Company Name |
INGRAM MICRO
INDIA LIMITED |
Principal Name 1 |
Mr. Shailendra Gupta |
|
Status |
Good |
Principal Name 2 |
Mr. Stephen John Paine |
|
|
|
Registration # |
11-136340 |
|
Street Address |
Gate No. 1A, Godrej Industries Complex, Eastern Express Highway,
Pirojshah Nagar, Vikroli (East), Mumbai – 400 079, Maharashtra, India |
||
|
Established Date |
05.03.1996 |
SIC Code |
-- |
|
Telephone# |
91-22-67960101/ 67960149 /
39894645 |
Business Style 1 |
Distributor |
|
Fax # |
91-22-67960102/67960103 |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
Computer Peripherals |
|
|
# of employees |
500 (Approximately) |
Product Name 2 |
-- |
|
Paid up capital |
Rs.184.928 Millions |
Product Name 3 |
-- |
|
Shareholders |
Foreign Holdings (100%) |
Banking |
Central Bank of
India |
|
Public Limited Corp. |
NO |
Business Period |
15 years |
|
IPO |
NO |
International Ins. |
- |
|
Public |
NO |
Rating |
A (64) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Associate |
Australia |
Tech Pacific Holdings Pty Limited |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
11,099,759,000 |
Current Liabilities |
8,297,681,000 |
|
Inventories |
5,637,486,000 |
Long-term Liabilities |
2,850,639,000 |
|
Fixed Assets |
37,206,000 |
Other Liabilities |
118,253,000 |
|
Deferred Assets |
238,449,000 |
Total Liabilities |
11,266,573,000 |
|
Invest& other Assets |
1,168,000 |
Retained Earnings |
5,562,567,000 |
|
|
|
Net Worth |
5,747,495,000 |
|
Total Assets |
17,014,068,000 |
Total Liab. & Equity |
17,014,068,000 |
|
Total Assets (Previous Year) |
11,703,947,000 |
|
|
|
P/L Statement as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Sales |
66,298,263,000 |
Net Profit |
1,153,019,000 |
|
Sales(Previous yr) |
66,747,935,000 |
Net Profit(Prev.yr) |
1,025,564,000 |
MIRA
INFORM REPORT
|
Report Date : |
10.11.2011 |
IDENTIFICATION DETAILS
|
Name : |
INGRAM MICRO INDIA LIMITED ( w.e.f. 13.05.2009) |
|
|
|
|
Formerly Known
As : |
Tech pacific ( |
|
|
|
|
Registered
Office : |
Gate No. 1A, Godrej Industries Complex, Eastern Express Highway,
Pirojshah Nagar, Vikroli (East), Mumbai – 400 079, Maharashtra |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2010 |
|
|
|
|
Date of
Incorporation : |
05.03.1996 |
|
|
|
|
Com. Reg. No.: |
11-136340 |
|
|
|
|
Capital
Investment/ Paid-up Capital: |
Rs.184.928
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
u72900mh1996plc136340 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
mumt06887G |
|
|
|
|
PAN No.: [Permanent Account No.] |
aabct1296R |
|
|
|
|
Legal Form : |
A Closely held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Distributor of Computer Peripherals. |
|
|
|
|
No. of
Employees: |
500 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
A (64) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
Maximum Credit Limit : |
USD 22000000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well established and a reputed company having fine track.
Financial position of the company appears to be sound. Trade relations are
reported as fair. Business is active. Payments are reported to be regular and
as per commitments. The company can be considered normal for business dealings at usual
trade terms and conditions. |
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 – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INFORMATION DECLINED BY
|
Name : |
Mr. Manohar |
|
Designation : |
Finance Department |
|
Date : |
10.11.2011 |
LOCATIONS
|
Registered Office : |
Gate No. 1A, Godrej Industries Complex, Eastern Express Highway,
Piroshah Nagar, Vikroli (E), Mumbai – 400 079, Maharashtra, India |
|
Tel. No.: |
91-22-67960101 / 67960149
/39894645 |
|
Fax No.: |
91-22-67960102 / 67960103 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
DIRECTORS
(AS ON 30.09.2010)
|
Name : |
Mr. Shailendra Gupta |
|
Designation : |
Director |
|
Address : |
No. 9, |
|
Date of Birth/Age : |
17.09.1962 |
|
Date of Appointment : |
01.09.2001 |
|
|
|
|
Name : |
Mr. Stephen John Paine |
|
Designation : |
Director |
|
Address : |
Le Grove service apartments M – 206, |
|
Date of Birth/Age : |
17.01.1958 |
|
Date of Appointment : |
05.12.2006 |
|
|
|
|
Name : |
Mr. Lai Siang Tung |
|
Designation : |
Director |
|
Address : |
31, pavilion |
|
Date of Birth/Age : |
27.04.1970 |
|
Date of Appointment : |
05.12.2006 |
|
|
|
|
Name : |
Mr. Jaishankar Krishnan |
|
Designation : |
Director |
|
Address : |
J/16-2 Godrej Hill Side Colony, LBS Marg, Vikhroli (West), Mumbai –
400 079, Maharashtra, India |
|
Date of Birth/Age : |
20.07.1957 |
|
Date of Appointment : |
27.10.2001 |
|
|
|
|
Name : |
Mr. NG Wai Kong |
|
Designation : |
Director |
|
Address : |
BLK 4, Block Resvervoir View #0 310, |
|
Date of Birth/Age : |
24.10.1959 |
|
Date of Appointment : |
09.07.2010 |
KEY EXECUTIVES
|
Name : |
Mr. Manohar |
|
Designation : |
Finance Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 30.09.2010)
|
Names of Shareholders |
|
No. of Shares |
|
Shailendra Gupta |
|
1 |
|
Jaishankar Krishnan |
|
2 |
|
Bimal Das |
|
1 |
|
Sanjay Achwal |
|
1 |
|
Mitradutta Mophapatra |
|
1 |
|
Alolysious Fernandes |
|
1 |
|
Ingram Micro |
|
18492710 |
|
Ingram Micro Asia Holdings Inc |
|
100 |
|
|
|
|
|
Total
|
|
18492817 |
Equity Share Breakup
(AS ON 30.09.2010)
|
Category |
|
Percentage |
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
|
100.00 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Distributor of Computer Peripherals |
||||||||
|
|
|
||||||||
|
Products : |
|
GENERAL INFORMATION
|
No. of Employees : |
500 (Approximately) |
||||||||||||
|
|
|
||||||||||||
|
Bankers : |
·
Central Bank of India, corporate Finance Branch,
1st Floor, M S Road, Fort, Mumbai – 400 023, Maharashtra, India |
||||||||||||
|
|
|
||||||||||||
|
Facilities : |
(Rs.
In Millions)
Note:- The above loan is guaranteed by a corporate of Rs.6542.420 millions (March
31, 2009 Rs.7394.825 millions) given by Ingra Micro Inc., |
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Price Waterhouse Chartered Accountants |
|
Address : |
225, Veer Savarkar Marg, Shivaji Marg, Dadar, Mumbai – 400 028,
Maharashtra, India |
|
|
|
|
Holding Company : |
·
Techpac Mauritius Limited |
|
|
|
|
Associates/Subsidiaries : |
·
Ingram Micro ( ·
Tech Pacific Holdings Pty Limited, ·
Tech Pacific Holdings Pty Limited, ·
Ingram Micro (NZ) Limited ·
Ingram Micro Semiconductor Asia Pte Limited ·
Ingram Micro ( ·
Ingram Micro Lanka (private) Limited ·
Ingram Micro INC, ·
Ingram Micro Asia Holdings INC, ·
Ingram Micro Asia Limited, |
CAPITAL STRUCTURE
(AS ON 31.03.2010)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
19000000 |
Equity Share |
Rs.10/- each |
Rs.190.000 millions |
|
1300000 |
1% Redeemable Cumulative Convertible
Preferences Shares |
Rs.100/- each |
Rs.130.000 millions |
|
|
|
|
|
|
|
Total |
|
Rs.
320.000 millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
18492817 |
Equity Share |
Rs.10/- each |
Rs.184.928 millions |
|
|
|
|
|
Notes: - Of the
above, 18492710 (31 March 2009: Rs.7394.825 millions) given by Ingram Micro
Inc. USA
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 |
184.928 |
157.800 |
157.800 |
|
|
2] Share Application Money |
0.000 |
27.128 |
27.128 |
|
|
3] Reserves & Surplus |
5562.567 |
4409.547 |
3383.984 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
5747.495 |
4594.475 |
3568.912 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
2850.639 |
1261.405 |
2701.135 |
|
|
TOTAL BORROWING |
2850.639 |
1261.405 |
2701.135 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
8598.134 |
5855.880 |
6270.047 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
37.206 |
52.496 |
35.826 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
1.168 |
1.168 |
1.168 |
|
|
DEFERREX TAX ASSETS |
238.449 |
258.054 |
284.689 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
5637.486
|
3961.918
|
6596.606
|
|
|
Sundry Debtors |
8777.394
|
5243.954
|
7018.056
|
|
|
Cash & Bank Balances |
344.187
|
153.238
|
389.799
|
|
|
Other Current Assets |
0.000
|
0.000
|
0.000
|
|
|
Loans & Advances |
1978.178
|
2033.119
|
1470.050
|
|
Total
Current Assets |
16737.245
|
11392.229 |
15474.511 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Current Liabilities |
7885.377
|
5633.543
|
9249.778
|
|
|
Sundry Creditors |
412.304
|
0.000
|
0.000
|
|
|
Provisions |
118.253
|
214.524
|
276.369
|
|
Total
Current Liabilities |
8415.934
|
5848.067
|
9526.147
|
|
|
Net Current Assets |
8321.311
|
5544.162
|
5948.364
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
8598.134 |
5855.880 |
6270.047 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
66298.263 |
66747.935 |
72595.880 |
|
|
|
Other Income |
263.724 |
203.249 |
156.612 |
|
|
|
TOTAL (A) |
66561.987 |
66951.184 |
72752.492 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods Sold |
63289.481 |
63589.821 |
69048.965 |
|
|
|
Salaries, Wages, Bonus, etc. |
565.839 |
575.369 |
547.272 |
|
|
|
Other Expenditure |
807.762 |
932.868 |
306.607 |
|
|
|
TOTAL (B) |
64663.082 |
65098.058 |
69902.844 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
1898.905 |
1853.126 |
2849.648 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
120.329 |
248.697 |
1197.406 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
1778.576 |
1604.429 |
1652.242 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
20.952 |
23.098 |
25.274 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
1757.624 |
1581.331 |
1626.968 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
604.605 |
555.767 |
570.436 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
1153.019 |
1025.564 |
1056.532 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
4225.707 |
3200.143 |
2143.611 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
5378.726 |
4225.707 |
3200.143 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
45.751 |
18.861 |
|
|
|
|
Rebate |
209.983 |
199.345 |
|
|
|
|
Service Fee Charged to wholly owned subsidiary |
41.520 |
46.007 |
292.426 |
|
|
|
Expenses recovered |
56.312 |
82.027 |
|
|
|
TOTAL EARNINGS |
353.566 |
346.240 |
292.426 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Traded Goods |
18743.146 |
18905.084 |
26113.267 |
|
|
TOTAL IMPORTS |
18743.146 |
18905.084 |
26113.267 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
62.35 |
55.46 |
57.13 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
1.73 |
1.53 |
1.45 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
2.65 |
2.36 |
2.24 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
10.47 |
13.51 |
10.29 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.30 |
0.34 |
0.46 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.96 |
1.55 |
3.43 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.98 |
1.95 |
1.62 |
LOCAL AGENCY FURTHER INFORMATION
OPERATIONS:
The Accounts for the year were considered by the Audit Committee at its meeting held on July 9, 2010 and the financial statements were forwarded to the board along with comments and recommendation. During the year, the Company achieved total turnover of Rs. 66298.263 Millions and after providing for depreciation of Rs 20.953 Millions and Finance Cost of Rs.120.329 Millions, the Company earned a profit before tax of Rs.1757.624 Millions. After providing for Income Tax (Current tax — Rs. 58.500 Millions and Deferred tax of Rs.19.605 Millions, the Profit after tax stood at Rs.1153.019 Millions.
General economic down turn in US and Europe economies
hampered the business sentiments in
fixed assets:-
· Leasehold Improvement
· Machinery and Equipments
· Computer Hardware
· Vehicles
· Goodwill
· Assets taken on finance lease vehicles.
Website Details:
Profile:
Subject is the technology distributor, providing sales, marketing
and logistics services for the IT industry worldwide. Ranked as No.67 in the
2009 FORTUNE 500 listing, the company operates in 34 countries with
approximately 15,000 associates worldwide, with revenues of more than $35
billion for fiscal yearl 2007. Ingram Micro's global regions provide the
distribution of technology products and services, market development services
and supply chain management services to nearly 170,000 technology solution
providers and 1,400 manufacturers. Ingram Micro is focused on maximizing
shareowner value and achieving customer satisfaction through innovation in the
information technology (IT) supply chain.
BUSINESS DESCRIPTION
Establishments
primarily engaged in manufacturing electronic computers. Electronic computers
are machines which: (1) store the processing program or programs and the data
immediately necessary for execution of the program; (2) can be freely
programmed in accordance with the requirements of the user; (3) perform
arithmetical computations specified by the user; and (4) execute, without human
intervention, a processing program which requires them to modify their
execution by logical decision during the processing run. Included in this
industry are digital computers, analog computers, and hybrid digital/analog
computers.
PRESS RELEASE:
IT cos' revenue
growth at 25% in FY11 exceeds pre-crisis level
Press Trust of India: 01 August
2011
New
Delhi, August 02 (PTI) -- Led by TCS, Infosys, Wipro, HP and Cognizant, the top
200 IT companies in India posted 25 per cent revenue growth in 2010-11-- the
highest in four years-- to take combined turnover to to USD 84 billion (Rs
38425.000 millions), said a study.
They
surpassed the 24 per cent growth witnessed in 2007-08, the year before the
slowdown, according to a study by Cybermdia.
It
further said that top 20 companies have contributed over 64 per cent to the
combined revenue.
The
revenues of these companies in FY10 and FY09 stood at Rs.30712.600 millions and
Rs.28909.300 millions, respectively.
The
top 20 IT companies also grew by 25 per cent. This is significantly higher than
the 8 per cent growth recorded in 2009-10 with revenues of Rs.19801.700
millions, it said.
The
top 10 companies in terms of revenue were Tata Consultancy Services, Infosys, Wipro,
HP India, Cognizant, IBM India, HCL Technologies, HCL Infosystems, Ingram Micro
India and Redington India.
"The
faster growth of India focused IT companies shows that the high growth
potential of Indian market is being tapped. Increasingly, we expect India to
become a bigger player in the global IT scenario as a market, a technology
creator and a hotbed of innovation�all rolled into one," CyberMedia
publisher Pradeep Gupta said.
The
top 200 IT companies in India, included 129 Indian companies and 71 foreign
companies, who are active players in the Indian market.
According
to the study, the top five Indian IT companies in 2010-11 were TCS, Infosys,
Wipro, HP and Cognizant, with revenues of Rs.3311.200 millions (25 per cent
growth over last year), Rs.2599.7 millions (22 per cent), Rs.2489.900 millions
(13 per cent), Rs.2322.700 millions (30 per cent) and Rs.2139.300 millions (37
per cent), respectively.
Wipro,
which recorded the slowest growth in the top five, surrendered the number two
slot to Infosys after six years, the findings said.
The
number six slot went to the Indian subsidiary of 100-year-old global tech
behemoth IBM (revenues Rs 14,132 crore, year-on-year growth of 14 per cent.
The
two companies founded by Shiv Nadar -- software major HCL Technologies and
hardware firm HCL Infosystems -- posted revenues of Rs.1411.100 millions (28
per cent growth) and Rs.1213.700 millions (2 per cent), respectively, to bag
the number seven and number eight slots in the list.
Two
product distribution companies, Ingram Micro and Redington, with revenues of
Rs.976.600 millions (35 per cent) and Rs 927.400 millions (32 per cent), took
number 9 and number 10 slots. MORE PTI SR PC RAH NS RAH 08021950
Logitech Keeps Your Laptop Cool
on Any Surface
India PRwire: 11 July 2011
India, July 11 -- Tweet
Logitech
Cooling Pad N200 -2
Logitech
Cooling Pad N200 -1
Bengaluru,
Karnataka, July 10, 2011 /India PRwire/ - Today Logitech (SIX: LOGN) (NASDAQ:
LOGI) introduced the energy-efficient Logitech Cooling Pad N200, which helps you
get more comfortable wherever you use your laptop, including the couch, the bed
- even the floor.
The
Logitech Cooling Pad N200 offers best-in-class cooling thanks to its virtually
silent, tilted fan with a large grill. Rear and side air intakes give you
steady, unobstructed ventilation, and with two fan speeds plus an Off switch,
you can adjust the airflow to your liking - or turn it off completely. Powered
through USB, the fan is designed for minimum impact on your battery.
Logitech's
country manager for India and South West Asia, Subrotah Biswas, said, "The
Logitech Cooling Pad N200 is simply the coolest laptop companion around.
Laptops can overheat on uneven surfaces or without proper ventilation. The
Logitech Cooling Pad N200 solves this problem by keeping laptops cool, wherever
you use them."
Additionally,
the Logitech Cooling Pad N200's lightweight, slim design is easy to tote from
room to room. And, a convenient front lip helps prevent your laptop from
sliding around.
Pricing
and Availability
The Logitech
Cooling Pad N200 is expected to be available in India start of July for a
suggested retail price of INR 1595. To find out more about the Logitech Cooling
Pad N200 please visit www.logitech.com.
Distributor
The
Logitech Cooling Pad N200 is distributed by Ingram Micro India Ltd. and Rashi
Peripherals Pvt. Ltd.
Notes
to Editor
About
Logitech
Logitech
is a world leader in products that connect people to the digital experiences
they care about. Spanning multiple computing, communication and entertainment
platforms, Logitech's combined hardware and software enable or enhance digital
navigation, music and video entertainment, gaming, social networking, audio and
video communication over the Internet, video security and home-entertainment
control. Founded in 1981, Logitech International is a Swiss public company
listed on the SIX Swiss Exchange (LOGN) and on the Nasdaq Global Select Market
(LOGI).
Logitech unveils the next
generation USB-powered Stereo Speaker - Logitech Stereo Speakers Z120
India
PRwire: 23 June 2011
India, June 23 -- Tweet
Logitech
Stereo Speakers Z120-2
Logitech
Stereo Speakers Z120-1
Bengaluru,
Karnataka, June 23, 2011 /India PRwire/ - Today Logitech (SIX: LOGN) (NASDAQ: LOGI)
launched the new Logitech Stereo Speaker Z120 in India. Compact and versatile,
the speaker is designed to connect to just about any audio source that uses a
3.5 mm plug, such as the headphone jack on your MP3 player, and is easily
powered via the USB port on your laptop or netbook. The Logitech Stereo Speaker
Z120 also features integrated power and volume controls that are simple to use,
and allows you to enjoy your favorite music, videos and more.
Logitech's
Country Manager for India and South West Asia, Subrotah Biswas, said,
"We've designed the Logitech Stereo Speaker Z120, such that it is easy to
set up and make it simple for you to customize your listening experience.
Whether you are a music lover, a movie buff or just watching an online video
clip, the Logitech Stereo Speaker Z120 ensures richer, high quality acoustics
from your laptops, computers, and almost any other audio source."
Highly
versatile, Logitech Stereo Speaker Z120 keeps desks neat without the clutter of
unsightly cords; while its compact size lets you fit them into any bag, or
easily move them from room to room.
Pricing
and Availability
The
Logitech Stereo Speaker Z120 is expected to be available in India for a
suggested retail price of INR 775. To find out more about the Logitech Stereo
Speakers Z120, please visit www.logitech.com.
Distributor
The
Logitech Stereo Speakers Z120 will be distributed by Ingram Micro India Ltd and
Rashi Peripherals Pvt. Ltd.
About
Logitech
Logitech
is a world leader in products that connect people to the digital experiences
they care about. Spanning multiple computing, communication and entertainment
platforms, Logitech's combined hardware and software enable or enhance digital
navigation, music and video entertainment, gaming, social networking, audio and
video communication over the Internet, video security and home-entertainment
control. Founded in 1981, Logitech International is a Swiss public company
listed on the SIX Swiss Exchange (LOGN) and on the Nasdaq Global Select Market
(LOGI).
RIM, Ingram Micro
tie-up to expand BlackBerry in India
Indo-Asian News Service: 16 June
2011
New Delhi, June. 16 -- BlackBerry maker Research In Motion
(RIM) Thursday said that it has partnered with global technology distributor and
a leading technology sales, marketing and logistics company in India, Ingram
Micro, to provide mobility solutions for corporate customers and small and
medium businesses. Ingram Micro India Limited, through its strong network of
value added resellers (VARs), will distribute the full portfolio of BlackBerry
enterprise solutions in India, including smartphones, accessories, software and
technical support services, RIM officials said. The enterprise offerings
include mobile solutions to boost productivity, increase sales performance and
improve customer service. "With RIM's market leading products and services
and Ingram's expertise as a world leader in the distribution of IT solutions,
we are confident of providing a unique value proposition for enterprise
customers in India, along with broad availability across the market," said
Frenny Bawa, managing director India, RIM. Apart from BlackBerry Enterprise
Server and associated BlackBerry Technical Support Services, Ingram will also
also offer BlackBerry mobile voice system which will integrate a user's
corporate phone system with a BlackBerry smartphone to provide single number
reachability. It will also facilitate extension dialing, as well as corporate
phone system features like hold, transfer and ad-hoc conferencing. Published by
HT Syndication with permission from Indo-Asian News Service.
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.49.78 |
|
|
1 |
Rs.80.10 |
|
Euro |
1 |
Rs.68.81 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
8 |
|
--PROFITABILIRY |
1~10 |
8 |
|
--LIQUIDITY |
1~10 |
8 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
8 |
|
--CREDIT LINES |
1~10 |
7 |
|
--MARGINS |
-5~5 |
--- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
yes |
|
--LITIGATION |
YES/NO |
no |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
no |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
no |
|
--EXPORT ACTIVITIES |
YES/NO |
yes |
|
--AFFILIATION |
YES/NO |
yes |
|
--LISTED |
YES/NO |
no |
|
--OTHER MERIT FACTORS |
YES/NO |
yes |
|
TOTAL |
|
64 |
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.