1. Summary Information
|
|
|
Country |
|
|
Company Name |
SES TECHNOLOGIES
LIMITED |
Principal Name 1 |
Mr. Ashu Chawla |
|
Status |
Moderate |
Principal Name 2 |
Mr. Harsh Chawla |
|
|
|
Registration # |
11-166276 |
|
Street Address |
SES House, Plot
No. 70, |
||
|
Established Date |
14.07.1992 |
SIC Code |
-- |
|
Telephone# |
91-22-30862534 |
Business Style 1 |
DISTRIBUTER |
|
Fax # |
91-22-30862626 |
Business Style 2 |
-- |
|
Homepage |
www.investing.businessweek.com
www.sesindia.com |
Product Name 1 |
MOTHER BOARDS |
|
# of employees |
150
(Approximately) |
Product Name 2 |
CPU |
|
Paid up capital |
Rs. 170,812,000/- |
Product Name 3 |
-- |
|
Shareholders |
Bodies corporate - 100.00 |
Banking |
BANK
OF |
|
Public Limited Corp. |
NO |
Business Period |
19 Years |
|
IPO |
NO |
International Ins. |
- |
|
Public |
NO |
Rating |
B (29) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Fellow Subsidiary |
|
Ultima Solutions Private Limited |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
1,342,431,000 |
Current Liabilities |
831,283,000 |
|
Inventories |
322,657,000 |
Long-term Liabilities |
813,266,000
|
|
Fixed Assets |
189,984,000 |
Other Liabilities |
5,369,000 |
|
Deferred Assets |
6,372,000 |
Total Liabilities |
1,649,918,000 |
|
Invest& other Assets |
45,791,000 |
Retained Earnings |
86,505,000 |
|
|
|
Net Worth |
257,317,000 |
|
Total Assets |
1,907,235,000 |
Total Liab. & Equity |
1,907,235,000 |
|
Total Assets (Previous Year) |
2,620,553,000 |
|
|
|
P/L Statement as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Sales |
6,711,725,000 |
Net Profit |
17,802,000 |
|
Sales(Previous yr) |
6,903,919,000 |
Net Profit(Prev.yr) |
21,721,000 |
MIRA
INFORM REPORT
|
Report Date : |
10.11.2011 |
IDENTIFICATION DETAILS
|
Name : |
SES TECHNOLOGIES LIMITED (w.e.f 18.12.2006) |
|
|
|
|
Formerly Known
As : |
SES Computers and Technologies Private Limited |
|
|
|
|
Registered Office : |
SES House, Plot No. 70, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.03.2010 |
|
|
|
|
Date of Incorporation : |
14.07.1992 |
|
|
|
|
Com. Reg. No.: |
11-166276 |
|
|
|
|
Capital Investment / Paid-up Capital : |
Rs.170.812 Millions |
|
|
|
|
CIN No.: [Company
Identification No.] |
U74200MH1992PLC166276 |
|
|
|
|
TAN No.: [Tax
Deduction & Collection Account No.] |
MUMS24279D |
|
|
|
|
Legal Form : |
A Closely Held Public limited liability company. |
|
|
|
|
Line of Business : |
Distributor
for Computer and Computer Peripherals. |
|
|
|
|
No. of Employees : |
150 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (29) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 1029000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track. Trade
relations are reported as fair. Business is active. Payments are reported to
be slow but correct. The company can be considered for business dealings with slight
caution. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
INFORMATION DENIED BY
|
Name : |
Mr. Dilip Gupta |
|
Designation : |
Finance Controller |
|
Date : |
07.11.2011 |
LOCATIONS
|
Registered Office : |
SES House, Plot No. 70, |
|
Tel. No.: |
91-22-30862534 |
|
Fax No.: |
91-22-30862626 / 30862607 |
|
E-Mail : |
piyush.shah@sesindia.com |
|
Website : |
www.investing.businessweek.com
www.sesindia.com |
|
Location : |
Owned |
|
|
|
|
Administrative Office: |
194, Arvind Chambers, |
|
Tel. No.: |
91-22-28230088 / 28230099 |
|
|
|
|
Factory : |
Mumbai – |
|
Tel. No.: |
91-20-27124991 – 94 |
|
Fax No.: |
91-20-27124264 |
|
|
|
|
Overseas office : |
SES Technologies (Singapore Headquarter), Alpha Computers(S) Pte Limited, 50,
Kallang Avenue, #07-02, Noel
Corporate Building, Singapore – 339505 |
|
Tel No.: |
65
63333196 |
|
Fax No.: |
65
63321558 |
|
|
|
|
Note: |
Subject has 55 Branch Office all over |
DIRECTORS
AS ON 30.09.2010
|
Name : |
Mr. Ashu Chawla |
|
Designation : |
Director |
|
Address : |
B-275, Sector 50, Noida-201301, |
|
Date of Birth/Age : |
24.06.1971 |
|
Date of Appointment : |
23.09.2006 |
|
DIN : |
00047286 |
|
|
|
|
Name : |
Mr. Harsh Chawla |
|
Designation : |
Director |
|
Address : |
B-275, Sector 50, Noida-201301, |
|
Date of Birth/Age : |
01.06.1977 |
|
Date of Appointment : |
23.09.2006 |
|
DIN : |
00807897 |
|
|
|
|
Name : |
Mr. Kamran Abdul Gani Radiowala |
|
Designation : |
Managing Director |
|
Address : |
Firdaus Apartment, 1st Floor, R N-4, |
|
Date of Birth/Age : |
17.07.1972 |
|
Date of Appointment : |
09.07.2007 |
|
DIN : |
01681109 |
|
|
|
|
Name : |
Mr. Naresh Khosla |
|
Designation : |
Director |
|
Address : |
C-904, Exotica East Square, Behind Vijaya Bank, Indrapuram, |
|
Date of Birth/Age : |
25.12.1971 |
|
Date of Appointment : |
17.07.2009 |
|
DIN : |
01427638 |
KEY EXECUTIVES
|
Name : |
Mr. Dilip Kumar Gupta |
|
Designation : |
Company Secretary |
|
Address : |
I JB Patel Colony, Opposite Kalpana Hospital, |
|
Date of Birth/Age : |
12.03.1981 |
|
Date of Appointment : |
08.09.2008 |
|
PAN : |
AOVPG7314N |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2010
|
Names of Shareholders |
|
No. of Shares |
|
L.C.R Investments Private Limited, |
|
1708116 |
|
Ms. Ashu Chawla (Nominee of I.C.R Investment Private Limited) |
|
1 |
|
Ms. Arti Gupta |
|
1 |
|
Ms. Shivani Gupta |
|
1 |
|
Ms. Angoori Devi Gupta |
|
1 |
|
Mr. Rajaneesh Pahadia |
|
1 |
|
Mr. Anil Kumar Gupta |
|
1 |
|
Total
|
|
1708122 |
AS ON 30.09.2010
|
Category |
|
Percentage |
|
Bodies corporate (not mentioned above) |
|
100.00 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Distributor
for Computer and Computer Peripherals |
||||||
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|
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Agencies Held: |
·
Philips ·
Intel ·
Samsung ·
Microsoft ·
Elite Group |
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Products : |
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Imports : |
|
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Products : |
Hard Disk Drive |
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Countries : |
·
China ·
US ·
Singapore |
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Terms : |
|
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Selling : |
Cash, Credit (30 days, 60 days, 90 days) |
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Purchasing : |
Cash, Credit (30 days, 60 days, 90 days) |
GENERAL INFORMATION
|
Customers: |
·
End Users ·
OEM’s |
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No. of Employees : |
150 (Approximately) |
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Bankers : |
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Facilities : |
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Note : Secured Loan
from bank are against mortgage of immovable property, hypothecation of fixed
assets, stocks and book debts, corporate guarantee of holding company, personal
guarantee of a director and a relative of the shareholders of the holding
company. |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Ashok Khandelwal Associates Chartered Accountant |
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Address : |
912-B, Indra Prakash, 21, |
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Tel. No.: |
91-11-23319140/ 43526370 |
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Fax No.: |
91-11-23730523 |
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PAN No. : |
AAHFA8634P |
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E-Mail : |
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Associates Companies : |
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Holding Company : |
U74899DL1989PTC038138 |
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Subsidiaries : |
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Fellow Subsidiary : |
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CAPITAL STRUCTURE
As
on 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2960000 |
Equity Shares |
Rs.100/- each |
Rs. 296.000 Millions |
Issued, Subscribed
& Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1708122 |
Equity Shares (The above
equity shares are held by LCR Investments Private Limited, the holding
company and its nominees) |
Rs. 100/- each |
Rs. 170.812 Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
|
Particulars |
|
|
31.03.2011 |
|
Sales Turnover (Approximately) |
|
|
7000.000 |
Expected Sales (2011-2012): Rs.7500.000 Millions
The above information has been parted by Mr. Dilip Gupta (Finance
Controller)
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
170.812 |
170.812 |
170.812 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
86.505 |
70.040 |
48.496 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
257.317 |
240.852 |
219.308 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
813.266 |
865.964 |
728.011 |
|
|
2] Unsecured Loans |
0.000 |
278.413 |
356.411 |
|
|
TOTAL BORROWING |
813.266 |
1144.377 |
1084.422 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
1070.583 |
1385.229 |
1303.730 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
189.984 |
206.594 |
200.910 |
|
|
Capital work-in-progress |
0.000 |
116.575 |
2.559 |
|
|
|
|
|
|
|
|
INVESTMENT |
45.791 |
45.798 |
45.798 |
|
|
DEFERREX TAX ASSETS |
6.372 |
4.549 |
4.319 |
|
|
|
|
|
|
|
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CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
322.657
|
324.535
|
387.861
|
|
|
Sundry Debtors |
677.718
|
1002.413
|
1068.598
|
|
|
Cash & Bank Balances |
173.066
|
94.623
|
115.567
|
|
|
Other Current Assets |
141.521
|
234.979
|
83.500
|
|
|
Loans & Advances |
350.126
|
590.487
|
350.999
|
|
Total
Current Assets |
1665.088
|
2247.037
|
2006.525
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
800.881
|
1198.393
|
926.169
|
|
|
Current Liabilities |
30.402
|
29.305
|
25.290
|
|
|
Provisions |
5.369
|
7.626
|
4.922
|
|
Total
Current Liabilities |
836.652
|
1235.324
|
956.381
|
|
|
Net Current Assets |
828.436
|
1011.713
|
1050.144
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
1070.583 |
1385.229 |
1303.730 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
6711.725 |
6903.919 |
7689.381 |
|
|
|
Other Income |
10.102 |
10.010 |
5.357 |
|
|
|
TOTAL (A) |
6721.827 |
6913.929 |
7694.738 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods Sold |
6389.040 |
6546.992 |
7320.099 |
|
|
|
Personnel Costs |
99.150 |
99.747 |
102.205 |
|
|
|
Administrative Expenses |
100.735 |
99.015 |
105.558 |
|
|
|
Selling and Distributions Expenses |
4.121 |
4.077 |
13.274 |
|
|
|
TOTAL (B) |
6593.046 |
6749.831 |
7541.136 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
128.781 |
164.098 |
153.602 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
95.347 |
119.998 |
96.950 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
33.434 |
44.100 |
56.652 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
6.138 |
7.322 |
6.782 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
27.296 |
36.778 |
49.870 |
|
|
|
|
|
|
|
|
|
Less |
TAX (I) |
9.494 |
15.057 |
19.687 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-I) (J) |
17.802 |
21.721 |
30.183 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
58.423 |
36.878 |
6.159 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Prior Period Income / Expenses |
0.000 |
(0.129) |
0.059 |
|
|
|
Excess Provision for Taxation for Earlier
Year |
(1.338) |
(0.048) |
0.477 |
|
|
BALANCE CARRIED
TO THE B/S |
74.887 |
58.422 |
36.878 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
Export of Traded Goods |
84.727 |
23.209 |
|
|
|
|
Export of Services |
20.034 |
0.000 |
|
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
9.64 |
12.61 |
21.04 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
0.26
|
0.31
|
0.39
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.41
|
0.53
|
0.65
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.47
|
1.50
|
2.26
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.11
|
0.15
|
0.23
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
6.41
|
9.88
|
9.31
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.99
|
1.82
|
2.10
|
LOCAL AGENCY FURTHER INFORMATION
change of Address
The Registered Address of the company has been shifted from Okay Industries
Compound, A-35, Street No. 2, MIDC, Andheri (East), Mumbai-400093, Maharashtra,
India to present address w.e.f. 02.06.2007.
Performance:
The directors inform you that the company has posted
Gross Turnover of Rs. 6721.800 million as against the previous year’s turnover
of Rs.6913.900 millions. The company earned the profit before tax of Rs.27.200
million as compared to profit of Rs.36.700 millions in previous year. The net
profit for the year is Rs.17.800 million as against the profit of previous year
of Rs.21.700 millions
Background :
Subject is an IT distribution company, having
more than 50 branch offices across the country and with registered and head
office located at Mumbai.
Starting off in 1992 as an Intel distributor,
today in the world of IT distribution in
Contingent Liabilities not provided for
a) Custom Duty
(i) Custom duty
payment for import of traded goods has been disputed by the Customs Authorities
Mumbai, who have raised demand of Rs.2.756 million for the year ending March
31, 1999. The Company has filed appeals with the Customs, Central Excise and
Gold (Control) Appellate and Tribunal against the demands raised. The position
of the case remains status quo at the end of the financial year.
b) Sales Tax
(i) Demand of Rs.0.132
million have been raised against the Company by the Sales Tax Officer, Chennai
against disallowance of exemption of filing sales tax return for the financial
year ended March 31, 2003. The Company has obtained interim stay order from the
High Court against such demand.
(ii) Demands have
been raised against the Company by the Sales Tax Officer, Kolkotta for Rs.
0.290 million for the financial year ended March 31, 2005 towards Calcutta
Sales Tax and Rs. 0.002 million towards Central Sales tax. The Company has
filed an appeal before the Deputy Commissioner for Commercial Taxes against the
demand.
(iii) Demand of
Rs.0.113 million have been raised against the Company by the Sales Tax Officer,
(iv) Demand of Rs.
7.668 million (Rs.3.514 million for entry tax; 0.315 million for CST; 3.838
million for Vat) have been raised against the company by the Sales tax officer,
Patna (Bihar) for the year ended March 31,2008 against which company has filed
an appeal against the demand.
(v) Demand of Rs.
0.628 million and Rs. 0.559 million have been raised against the company by the
Sales tax officer, Jamshedpur for the year 2004-05 and 2005-06 against which
company has filed an appeal. (vi) Demand of Rs.4.907 million have been raised
against the Company by the Sales Tax Officer,
C ) Bank guarantees / Letter of credit
Standby letter of
credits issued to foreign suppliers is Rs. 151.826 million (Previous year
Rs.203.173 million). Other bank guarantees and letter of credits outstanding as
on March 31, 2010 were Rs. 143.149 million (Previous year Rs. 98.914 million)
Form 8:-
|
This form is for |
Modification of
charge |
|
Charge
identification number of the modified |
10003172 |
|
Corporate
identity number of the company |
U74200MH1992PLC166276 |
|
Name of the
company |
SES TECHNOLOGIES LIMITED |
|
Address of the
registered office or of the principal place of business in |
SES House, Plot No. 70, |
|
Type of charge |
Immovable
Property |
|
Particular of
charge holder |
Bank of Baroda Consortium Comprising Bank of Baroda and Bank of India,
Corporate Financial Services Branches, Ballard Pier, Mumbai-400001,
Maharashtra, India |
|
Nature of
description of the instrument creating or modifying the charge |
Supplemental
Memorandum of Entry 02nd May 2008 to Extend Mortgage of immovable
property at MIDC Mumbai by way of 1st Charge for T.L of Rs.
250.000 Millions by BOB and 2nd Pari passu charge for additional W.C
facilities of Rs. 850.000 Millions of BOB consortium and for mortgage of
immovable properties at Roorkee Uttaranchal by way of 1st charge
for T.L I of Rs 127.500 Millions and T.L of Rs. 250.000 Millions of BOB and 2nd
Pari passu charge to secure W.C Facilities of Rs. 1480.000 Million of BOB
consortium. |
|
Date of
instrument Creating the charge |
02.05.2008 |
|
Amount secured by
the charge |
Rs.1857.500
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest Term Loan – I of
Bank of Term Loan of Bank
of Working capital
(funded) and (Non funded ) facilities of bank of Baroda consortium (a) cash
credit limit - @ 1.50% below BPLR (b) Letter of credit and bank guarantee –
Commission/ interest as per rate of bank from time to time. Terms of
Repayment Term Loan of bank
of Baroda Rs. 127.500 Millions and Rs. 250.000 Millions both will be
repayable in equal 26 quarterly installments commencing after 6 months from
the dated of first disbursements. Working Capital
Facilities of Bank of Margin Term Loan of Bank
of Baroda of Rs 127.500 Millions at 36.25% Project Cost And for term loan –
II of Rs. 250.000 Millions at 25% of Project cost Working capital
facilities of bank A) Cash Credit – 25% on Stock and Book Debts B) Inland Letter of Credit and bank guarantee
– 10% cash margin Extent and
Operation of the charge To extend
mortgage of immovable property at MIDC Mumbai by way of 1st charge
for T L of Rs. 250.000 Millions by BOB and 2nd Pari passu charge
for additional W.C facilities of Rs. 850.000 Millions of BOB consortium and
for mortgage of immovable properties at roorkee Uttranchal by way of 1st
charge for T.L –I of Rs 127.500 Millions T L of Rs. 250.000 Millions of BOB
and 2nd Pari passu charge to secure W.C facilities of Rs. 1480.000
Millions of BOB consortium |
|
Short particulars
of the property charged |
Land and Building
Along with plant and Machinery, Furniture and Fitting at Plot No- 70, Marol,
MIDC, Andheri (East), Mumbai-400093 and immovable properties along with plant
and machinery at Roorkee Uttaranchal |
|
Date of latest
modification prior to the present modification |
21.02.2008 |
|
Particulars of
the present modification |
To extend mortgage
of immovable property at MIDC Mumbai by way of 1st charge for T L
of Rs. 250.000 Millions by BOB and 2nd Pari passu charge for
additional W.C facilities of Rs. 850.000 Millions of BOB consortium and for
mortgage of immovable properties at roorkee Uttaranchal by way of 1st
charge for T.L –I of Rs 127.500 Millions T L of Rs. 250.000 Millions of BOB
and 2nd Pari passu charge to secure W.C facilities of Rs. 1480.000
Millions of BOB consortium |
Fixed Assets:
·
Computers
·
Office-Equipments
·
Furniture and Fittings
·
Electrical Installation
·
Plant and Machinery
·
Vehicles
·
Building
·
·
Software
TRADE REFERENCES:
· Svstimax Solutions
· Western Digital
press releases:-
SES ships 5,000
units of SAMSUNG 1 Tb drives
Announcement /
Corporate October 06, 2009, 20:15 IST
Since partnering with SES in 2008 for its re-entry into
The latest joint milestone that these two IT giants have been able to
achieve is the record breaking shipment of 5,000 units of 1Tb internal hard
drive in a single month!
This amazing achievement in the month of August goes a long way in
strengthening the position that Samsung has been able to achieve in
The even more remarkable part of this achievement is the fact that more
than 50% of these shipments have been delivered to partners of SES, outside of
the major metro markets! This is in keeping with SES’s vision and
strategy to take the delivery of all IT components, especially high-end
products, to the B, C and even D category cities where the distributor enjoys
such a large presence.
Many channel friendly schemes and incentives have helped SES to achieve
this record breaking number. These bundles and promotions always focus on
ensuring the best possible mix of products are shipped to the channel partners
– to maximize Partner profits. In these efforts of promoting the complete
range of Samsung products, SES has not only ensured profit to its partners, but
also delivered the latest, cutting edge technologies!
SES distributes the complete range of Samsung hard drives, including all
notebook models, in
About SES Technologies
Nearly 16 years of hardcore experience in distribution, SES technologies today
is among the top four technology distribution companies in the country with a
wide footprint across A, B, C & D class cities. SES's association with
renowned international and local technology partners and its strong
relationship with the channel community has led to the company's phenomenal
growth in Indian market. Exceptional material handling capability and well
managed stocking facilities across its 57 warehouses in
2008-04-21
The national distributor of Numeric UPS, SES Technologies, has something
to cheer about in this April. The company's
Contextually, these UPS are manufactured by Numeric, a known player in the
Indian market for its total power management solutions. The company brings a
wide range of power conditioning products, addressing the total spectrum of
power protection needs.
Subhash Kanuji, product manager of Numeric, says," It was a great effort
and good market relation maintained by Aneeq Aziz, branch manager, Goa - which
has helped us to grab this complete order worth 1.9 crore of Cyber Age,
Goa."
SES Technologies has staff strength of more than 450, spread over 57 branches
and warehouse facilities. The company is looking to further enhance its
distribution network, by leveraging on reach and penetration - with a special
emphasis on B, C, D and E class cities in
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.68.82 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
29 |
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.