|
Report Date : |
19.05.2012 |
IDENTIFICATION DETAILS
|
Name : |
ERICSSON INDIA PRIVATE LIMITED |
|
|
|
|
Formerly Known
As : |
ERICSSON TELECOMMUNICATIONS
INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
4th Floor, Dhaka House 18/17 WEA Karol Bagh, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
12.03.1992 |
|
|
|
|
Com. Reg. No.: |
047977 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.725.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74899DL1992PTC047977 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Providing Communication Services |
|
|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRAs Rating : |
Aa (72) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
USD 54477624 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a part
of The company can
be considered good for any normal 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 |
LOCATIONS
|
Registered Office : |
4th Floor, Dhaka House 18/17 WEA Karol Bagh, New Delhi
110005, Delhi, India |
|
Tel No.: |
91-124-4206000 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Commercial |
|
|
|
|
Factory : |
DLF Cyber Citi No. 9, Sector 25 A, Gurgaon 122 002, |
|
Tel No.: |
91-124-2560808/ 4080808 |
|
Fax No.: |
91-124-2565454 |
|
|
|
|
Head Office : |
Village and Post Offices Kukas Tehsil, Jaipur 303101, |
|
Tel. No.: |
91-20-27148288 |
|
Fax No.: |
91-20-271482888 |
|
|
|
|
Corporate Office : |
Ericsson Forum, |
|
Tel. No.: |
91-124-2560808 |
|
Fax No.: |
91-124-5080808 |
|
Location : |
Commercial |
|
|
|
|
Corporate Office : |
1, |
|
|
|
|
Branch Office: |
Gurgaon (GSDC / R and d Centre/ Traing Gurgaon) 5th Floor, Tower A Building No. 8, DLF Cyberciti, Gurgaon 122 002, Phone : 91-124-4372900 Fax : 91-124-4372999 Gurgaon EIL (GSDC/SSC) Building No. 9 A, DLF Cyberciti, Sector 25 A, Gurgaon 122 002, Phone : 91-124-4206000 Fax : 91-124-4206072 Ericsson India Private Limited(Hutchinson / Bharti) Address: Prestige Meridien 1, 6th Floor, 29 M Phone : 91-80-2559 5707 Fax : 91-80-2559 2887 Location: Commercial Bhubaneshwar Ericsson India Private Limited (BSNL-East) Address: Room No. 104-105, Hotel Swosti, 103 Janpath, Phone : 91-674
-534617/2532492/2534718/2534713 Fax : 91-674-2532931 Location: Commercial Ericsson India Private Limited (Bharti/BSNL) Address: SCO 142 143, Sector
34A, Phone : 91-172-501 7850/266 9297 Fax : 91-172-266 9276/266 9786 Location: Commercial Chennai Ericsson India Private Limited (RPG/Bharti/Hutchison/TATA Address: Ganesh Enclave, New
No: Phone : 91-44 -2811 6051-4 Fax : 91-44-2811 6077/2811 6056 Location: Commercial Chennai EIL (GSDC/SICC) 1st and 2nd Floor, Phone : 91-44-43535305/ 43535309 Ericsson India Private Limited EIL (Bharti) Address: Hotel Le Meridien,
NH-47 Bypass, Kundannur Junction, Phone : 91-484-270 6492 / 707036 Fax : 91-484-2706295 Ericsson India Private Limited (Airtel/Bharti) Address: 88-C, Race Course, Phone : 91-422-2218 826 / 827 Fax : 91-422-2210 456 / 2218966 Guwahati Ericsson India Private Limited, EIL (BSNL) Address: Hotel Raj Mahal, 7th Floor, Phone : 91-361-2607667/8/9 Fax : 91-361-2607670 Jaipur Ericsson India Private Limited, (Factory/HEXACOM/BSNL) Address: Village and Post Office Kukas, Tehsil Amber, Jaipur 303 101, Phone : 91-1426-247280 - 88 Fax : 91-1426-247277 Jaipur EIL (BSNL and Idea) Land Mark, 3rd Floor, S 16 A, mahavir Marg, C Scheme, Jaipur 302
001, Phone : 91-141-5111226 Fax : 91-141-5111226 Ericsson India Private Limited, EIL (BSNL) Address: Room Nos. 215 / 217,
Hotel Jehlum Resorts, Rail Head, Opp Bahu Plaza, Gandhi Nagar Extension,
Jammu 180 002 Phone : 91-191-2474947/2477440
/2477441/2477473 Fax : 91-191-2477442 Ericsson India Private Limited, EIL (Maxis / Aircel) 2nd Floor, Hotel Yuvraj Doranda, Phone : 91-651-2482825 Fax : 91-651-2482821 Kolkata Ericsson India Private Limited, EIL (Reliance/BSNL) Address: 1, Phone : 91-33-280 4305 Fax : 91-33-2280 0088 Ericsson India Private Limited, EIL (BSNL) Address: Phone : 91-522 333804, 05,06,08,21 Fax : 91-522-333809 Ericsson India Private Limited, EIL (BSNL) Address: 200-204, Phone : 91-95121-2772545 to 50 Fax : 91-95121-2761503 Mumbai Ericsson India Private Limited, (Hutchison/Reliance/Tata) Address: 303-B, 'Fortune
2000', 3rd Floor, Bandra-Kurla Complex, Bandra (East), Mumbai 400 051 Phone : 91-22-2652 6166 Fax : 91-22-2652 6177 Ericsson India Private Limited, (BSNL) Address: 1st Floor, Phone : 91-612-2204851 Fax : 91-612-2204850 Pune Ericsson India Private Limited, (ICL) Address: 8/1 B, 2nd Floor,
Shankar Parvati Apartments, 2nd Floor, Phone : 91-20-2613 6381 Fax : 91-20-2613 1380 Secunderabad Ericsson India Private Limited, EIL (BML/Hutchison) Address: 5th Floor, Phone : 91-40-2553 28333/34/35 Fax : 91-40-2553 28338 Shillong Ericsson India Private Limited, EIL (BSNL) Address: E-10 B Exchange
(Basement), Room No. 20, Near Secretariat, Shillong 793 001 Phone : 91-364-2211715/16/17 Fax : 91-364-2225242 Ericsson India Private Limited, EIL (BSNL) Address: C/o Rajbagh
Exchange, Gogji Bagh, Phone : 91-194-2310987 Fax : 91-194-2310988 Shimla Ericsson India Private Limited (Bharti/ Idea/ Maxis (Aircel) 2nd Floor, Bhardwaj Niwas, Circle H/O Phone : 91-177-2672099 Reception / Fax : 91-177-2671920 |
DIRECTORS
AS ON 12.08.2011
|
Name : |
Mr. Carl Fredrik Harry Jejdling |
|
Designation : |
Director |
|
Address : |
29/6, Kapashera, New Delhi 110037, Delhi, India |
|
Date of Birth/Age : |
30.07.1969 |
|
Date of Appointment : |
23.05.2011 |
Other Directorship:
|
S.No. |
CIN |
Name of the Company |
Current designation of the director |
Date of appointment at current designation |
Original date of appointment |
Date of cessation |
Company Status |
Defaulting status |
|
1 |
U91110DL2008NPL177380 |
Swedish Chamber of
Commerce India |
Additional director |
28/04/2011 |
28/04/2011 |
- |
Active |
NO |
|
2 |
U74899DL1992PTC047977 |
ERICSSON INDIA PRIVATE
LIMITED |
Managing director |
12/08/2011 |
23/05/2011 |
- |
Active |
NO |
|
Name : |
Mr. Girish Johar |
|
Designation : |
Director |
|
Address : |
G-120, New Delhi 110019, Delhi, India |
|
Date of Birth/Age : |
12.11.1960 |
|
Date of Appointment : |
21.01.2009 |
Other Directorship:
|
S.No. |
CIN |
Name of the Company |
Current designation of the director |
Date of appointment at current designation |
Original date of appointment |
Date of cessation |
Company Status |
Defaulting status |
|
1 |
U72900DL1998PTC093852 |
EHPT INDIA PRIVATE LIMITED
|
Director |
19/03/2003 |
19/03/2003 |
- |
Dissolved |
NO |
|
2 |
U74899DL1992PTC047977 |
ERICSSON INDIA PRIVATE
LIMITED |
Director |
27/04/2009 |
21/01/2009 |
- |
Active |
NO |
|
3 |
U72200DL2010PTC204192 |
ERICSSON INDIA GLOBAL
SERVICES PRIVATE LIMITED |
Director |
16/06/2010 |
16/06/2010 |
02/07/2010 |
Active |
NO |
|
Name : |
Mr. Patrick Rolf Johansson |
|
Designation : |
Director |
|
Address : |
Torshamnsgatan, Stockholm, Sweden |
|
Date of Birth/Age : |
02.04.1971 |
|
Date of Appointment : |
31.03.2010 |
Other Directorship:
|
S.No. |
CIN |
Name of the Company |
Current designation of the director |
Date of appointment at current designation |
Original date of appointment |
Date of cessation |
Company Status |
Defaulting status |
|
1 |
U74899DL1992PTC047977 |
ERICSSON INDIA PRIVATE
LIMITED |
Director |
23/07/2010 |
31/03/2010 |
19/12/2011 |
Active |
NO |
|
Name : |
Mr. Sushil Kumar
Jiwarjka |
|
Designation : |
Alternate
Director (Alternate Director to Sita Ram Jiwarjka) |
|
Address : |
1702, 96 Tardeo Road,
Mumbai 400034, Maharashtra, India |
|
Date of Birth/Age : |
26.11.1956 |
|
Date of Appointment : |
14.12.2007 |
Other Directorship:
|
S.No. |
CIN |
Name of the Company |
Current designation of the director |
Date of appointment at current designation |
Original date of appointment |
Date of cessation |
Company Status |
Defaulting status |
|
1 |
L74899DL1968PLC004962 |
SALORA INTERNATIONAL
LIMITED |
Managing director |
28/11/1977 |
28/11/1977 |
01/07/2007 |
Active |
NO |
|
2 |
U74899DL1973PTC006464 |
VIDEO ELECTRONICS PRIVATE
LIMITED |
Director |
03/07/1984 |
03/07/1984 |
30/09/2008 |
Active |
NO |
|
3 |
U74210MH1980PTC022757 |
Nova Telesec Private
Limited |
Director |
15/07/1985 |
15/07/1985 |
- |
Active |
NO |
|
4 |
U74999MH1994PTC082470 |
ARTHEON ENERGY PRIVATE
LIMITED |
Additional director |
28/09/2007 |
27/10/1994 |
01/11/2010 |
Active |
NO |
|
5 |
L65990MH1984PLC033922 |
ARTHEON FINANCE LIMITED |
Director |
27/06/1997 |
27/06/1997 |
- |
Active |
NO |
|
6 |
L72200PN1988PLC068972 |
INDO COUNT INDUSTRIES
LIMITED |
Director |
29/09/1999 |
29/09/1999 |
- |
Active |
NO |
|
7 |
U72900MH1999PLC122849 |
SALORA CAPITAL LIMITED |
Director |
01/12/1999 |
01/12/1999 |
16/03/2010 |
Active |
NO |
|
8 |
U70101MH1989PTC050775 |
ARTHEON EMERGING
TECHNOLOGIES PRIVATE LIMITED |
Director |
31/12/1999 |
31/12/1999 |
01/11/2010 |
Active |
NO |
|
9 |
U85110KA1989PTC010467 |
ENCOMPASS SOFTWARE AND SYSTEMS
PRIVATE LIMITED |
Director |
24/04/2000 |
24/04/2000 |
11/07/2007 |
Active |
NO |
|
10 |
U72900MH1992PLC065539 |
KARROX TECHNOLOGIES
LIMITED |
Director |
07/09/2000 |
07/09/2000 |
- |
Active |
NO |
|
11 |
U65910MH2001PTC130514 |
HEWLETT PACKARD FINANCIAL
SERVICES (INDIA) PRIVATE LTD |
Director |
18/01/2001 |
18/01/2001 |
31/10/2008 |
Active |
NO |
|
12 |
U74899DL1971PTC005492 |
ESSJAY ERICSSON PRIVATE
LIMITED |
Director |
21/09/2004 |
21/09/2004 |
- |
Active |
NO |
|
13 |
U51100DL2005PLC164948 |
RADIOHMS AGENCIES LIMITED |
Director |
18/01/2005 |
18/01/2005 |
13/02/2007 |
Active |
NO |
|
14 |
U00000DL1981NPL011318 |
ASSOCIATED ELECTRONICS
RESEARCH FOUNDATION. |
Director |
21/03/2005 |
21/03/2005 |
- |
Active |
NO |
|
15 |
U74899DL1994PLC057392 |
MOZA HOSIERY INDIA LIMITED
|
Director |
09/07/2005 |
09/07/2005 |
- |
Strike off |
NO |
|
16 |
U74140TN2004PTC052320 |
INTEGRATED DOCUMENTATION
CONSULTANTS PRIVATE LIMITED |
Director |
31/08/2005 |
29/08/2005 |
02/11/2007 |
Active |
NO |
|
17 |
U72900MH2004PTC149993 |
SKANDSOFT TECHNOLOGIES
PRIVATE LIMITED |
Director |
04/10/2005 |
04/10/2005 |
- |
Active |
NO |
|
18 |
U32301DL2006PLC149584 |
SALORA COMPONENTS LIMITED |
Director |
09/06/2006 |
09/06/2006 |
16/03/2010 |
Active |
NO |
|
19 |
U64200MH2005PTC154051 |
WILCOM TECHNOLOGIES PVT
LTD |
Director |
25/07/2006 |
25/07/2006 |
- |
Active |
NO |
|
20 |
U85110MH1991PTC062321 |
ADITYA JYOT EYE HOSPITAL
PRIVATE LIMITED |
Director |
29/09/2006 |
29/09/2006 |
14/11/2011 |
Active |
NO |
|
21 |
U32300MH1980PLC022380 |
ARTHEON ELECTRONICS
LIMITED |
Director |
19/02/2007 |
19/02/2007 |
- |
Active |
NO |
|
22 |
U72200MH1999PTC118111 |
ULTIMEDIA TECHNOLOGIES PRIVATE
LIMITED |
Director |
25/09/2007 |
15/06/2007 |
01/11/2010 |
Active |
NO |
|
23 |
L99999MH1964PLC012835 |
ASIAN ELECTRONICS LIMITED |
Director |
27/09/2007 |
30/07/2007 |
05/11/2008 |
Active |
NO |
|
24 |
U74899DL1992PTC047977 |
ERICSSON INDIA PRIVATE
LIMITED |
Director |
27/04/2009 |
14/12/2007 |
- |
Active |
NO |
|
25 |
U74990MH2008PTC177402 |
SHARADA INVENTIONS PRIVATE
LIMITED |
Director |
05/01/2008 |
05/01/2008 |
- |
Active |
NO |
|
26 |
U31402MH2009PTC198974 |
ARTHEON BATTERY COMPANY
PRIVATE LIMITED |
Director |
28/07/2009 |
28/07/2009 |
- |
Active |
NO |
|
27 |
U74999MH2010PTC210785 |
Artheon Televentures
Private Limited |
Director |
08/12/2010 |
08/12/2010 |
- |
Active |
NO |
|
28 |
U74900MH2010PTC210784 |
Artheon Advisors Private
Limited |
Director |
08/12/2010 |
08/12/2010 |
- |
Active |
NO |
|
29 |
U40300MH2011PTC216007 |
Omnigrid Micropower
Company Private Limited |
Additional director |
15/04/2011 |
15/04/2011 |
- |
Active |
NO |
|
30 |
U40104MH2011PTC218880 |
Flexenclosure Telecom
India Private Limited |
Director |
21/06/2011 |
21/06/2011 |
- |
Active |
NO |
|
31 |
U40300MH2011PTC225529 |
Zamin India Power Company
Private Limited |
Additional director |
24/01/2012 |
24/01/2012 |
- |
Active |
NO |
|
32 |
U10300MH2011PTC225544 |
Zamin India Energy Company
Private Limited |
Additional director |
24/01/2012 |
24/01/2012 |
- |
Active |
NO |
|
33 |
U93090MH2011PTC223078 |
Securus First India Private
Limited |
Additional director |
16/03/2012 |
16/03/2012 |
- |
Active |
NO |
|
Name : |
Mr. Gowton Tachaibar |
|
Designation : |
Director |
|
Address : |
6025 Frisco Jordanway, Texas |
|
Date of Birth/Age : |
09.01.1962 |
|
Date of Appointment : |
13.10.2008 |
|
Date of Ceasing: |
15.07.2011 |
KEY EXECUTIVES
|
Name : |
Mr. Sunil Sayal |
|
Designation : |
Company Secretary |
|
Address : |
L 135, Sector 25,
Noida 201301, Uttar Pradesh, Idnia |
|
Date of Birth/Age : |
27.09.1961 |
|
Date of Appointment : |
02.05.2001 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 12.08.2011
|
Names of Shareholders |
|
No. of Shares |
|
Telefonaktiebolaget Lm ericsson |
|
7249999 |
|
A B Aulis |
|
1 |
|
Total |
|
7250000 |
AS ON 12.08.2011
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s),
Non-resident Indian(s) or Overseas Corporate bodies or Others |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Providing Communication Services |
PRODUCTION STATUS AS ON 31.03.2011
|
Particulars |
|
|
Installed
Capacity |
Actual
Production |
|
RBS |
|
|
192000 |
40440 |
|
GSM Core Equipments (AXE and MSS) |
|
|
11000 |
1592 |
|
Minilink-TN (in AMM's) |
|
|
85000 |
31725 |
|
EDRU |
|
|
77342 |
669 |
|
MMU BOARD |
|
|
68000 |
10120 |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||
|
|
|
||||||||||||
|
Bankers : |
Not Available |
||||||||||||
|
|
|
||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Price Waterhouse Chartered Accountant |
|
Address : |
Building 8, 7th Floor, Tower B, Dlf Cybercity, Gurgaon 122002,
Haryana, India |
|
|
|
|
Holding Company : |
Telefonaktiebolaget Lm Ericsson |
|
|
|
|
Fellow Subsidiaries : |
·
Ericsson
Telecomunicaηυes, Lda ·
Ericsson Sub-Saharan
Africa Pty Ltd ·
Ericsson AB Bahrain
Branch ·
Ericsson ABGhana
Branch ·
Ericsson AB Jordan
Branch ·
Ericsson AB Cambodia
Branch ·
Ericsson AB Qatar
Branch ·
Ericsson AB Saudi
Arabia Branch ·
Ericsson AB Uganda
Branch ·
Ericsson AB Zambia
Branch ·
Ericsson China
Communications ·
Ericsson Mobile Data
Appl. ·
Ericsson AB ·
Lm Ericsson
Bangladesh LImited ·
Ericsson Malaysia
Sdn Bhd ·
Ericsson Thailand
Limited ·
Ericsson
Telecomunicacoes S.A. ·
Ericsson Gmbh ·
Ericsson De Panama
S.A. ·
Ericsson Eesti As ·
Ericsson Egypt
Limited ·
Ericsson Espana S.A. ·
Ericsson India
Global Services Private Limited ·
Ericsson Limited ·
P.T. Ericsson
Indonesia ·
Ericsson Kenya
Limited ·
Ericsson Lebanon ·
Ericsson Canada Inc. ·
Ericsson Maroc Sarl ·
Nanjing Ericsson
Panda ·
Ericsson Network
Services S.L. ·
Ericsson
Telekomunikasyon A.S. ·
Ericsson
Telecommunications Pte Ltd ·
Ericsson Australia
Pty. Ltd. ·
Ericsson Sp.Zo.O. ·
Ericsson Caribbean
Inc. ·
Ericsson Taiwan
Limited ·
Ericsson South
Africa Pty Ltd. ·
Ericsson France ·
Ericsson
Telecommunications ·
Ericsson Expertise
Center Sdn Bhd ·
Ericsson Hellas Telecom. ·
Ericsson Hungary
Limited ·
Ericsson Ltd ·
Ericsson
Telecommunicatie B.V. ·
Ericsson As ·
Ericsson
Telecommunications Romania S.R.L. ·
Ericsson Vietnam
Company Limited ·
Ericsson Inc. ·
Ericsson Resource
and Competence ·
Ericsson Internet
Payment ·
Ericsson International
Services B.V ·
Kuwait Ericsson
Telephone ·
Lhs Systems Middle
East Africa ·
Ericsson Danmark A/S ·
Telefonaktiebolaget
Lm Ericsson ·
Oy L M Ericsson AB ·
L M Ericsson Limited ·
L M Ericsson Nigeria
Limited ·
Ericsson
Telecomunicazioni Spa ·
Nippon Ericsson K.K. ·
Netwise Ag ·
Ericsson Oman Llc ·
Ericsson Inc. ·
Ericsson Services
Inc. ·
Ericsson
Telecomunicazioni Spa ·
Ericsson Telecom S.A
De C.V. ·
Telefonaktiebolaget
Lm Ericsson ·
Ericsson Television
Limited ·
Ericsson AB ·
Tems Sweden AB ·
Ericsson System And
Services |
CAPITAL STRUCTURE
AS ON 12.08.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
7250000 |
Equity Shares |
Rs.100/- each |
Rs.725.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
Equity Shares |
Rs.100/-
each |
Rs. Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.12.2008 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
725.000 |
725.000 |
725.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
12894.406 |
11162.972 |
6478.650 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
13619.406 |
11887.972 |
7203.650 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
7721.846 |
1159.552 |
3189.112 |
|
|
TOTAL BORROWING |
7721.846 |
1159.552 |
3189.112 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
21341.252 |
13047.524 |
10392.762 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
1508.210 |
1096.262 |
850.432 |
|
|
Capital work-in-progress |
0.000 |
329.772 |
29.224 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
1696.593 |
2092.036 |
1520.260 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
7188.805
|
7661.010 |
3566.478 |
|
|
Sundry Debtors |
48437.979
|
45692.688 |
53627.455 |
|
|
Cash & Bank Balances |
3298.587
|
3520.165 |
5146.246 |
|
|
Other Current Assets |
0.840
|
3.821 |
1.304 |
|
|
Loans & Advances |
3040.743
|
983.127 |
3511.791 |
|
Total
Current Assets |
61966.954
|
57860.811 |
65853.274 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
32626.881
|
37373.639 |
47099.225 |
|
|
Other Current Liabilities |
4535.175
|
3526.097 |
4344.633 |
|
|
Provisions |
6668.449
|
7431.621 |
6416.570 |
|
Total
Current Liabilities |
43830.505
|
48331.357 |
57860.428 |
|
|
Net Current Assets |
18136.449
|
9529.454 |
7992.846 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
21341.252 |
13047.524 |
10392.762 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.12.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
TOTAL (A) |
64.141 |
109.585 |
87.570 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL (B) |
59.415 |
100.358 |
81.721 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
4.726 |
9.227 |
5.849 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
1.535 |
1.733 |
0.179 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
3.191 |
7.494 |
5.670 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.552 |
0.552 |
0.336 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
2.639 |
6.942 |
5.334 |
|
|
|
|
|
|
|
|
|
Less |
TAX (I) |
0.908 |
2.258 |
1.513 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-I) (J) |
1.731 |
4.684 |
3.821 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
2104.646 |
1324.384 |
639.890 |
|
|
TOTAL EARNINGS |
2104.646 |
1324.384 |
639.890 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Capital Goods |
480.335 |
213.073 |
92.678 |
|
|
|
Components |
1.654 |
2.217 |
2.999 |
|
|
|
Software / MSC / BSC / & Radio Equipment |
9023.368 |
37760.630 |
14508.516 |
|
|
|
Raw Material |
15507.557 |
12586.327 |
24604.785 |
|
|
TOTAL IMPORTS |
25012.914 |
50562.247 |
39208.978 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
238.82 |
646.11 |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.12.2008 |
|
PAT / Total Income |
(%) |
2.70
|
4.27 |
4.36 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
NA |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.00
|
0.01 |
0.01 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.00
|
0.00 |
0.00 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
3.78
|
4.16 |
8.47 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.41
|
1.20 |
1.14 |
LOCAL AGENCY FURTHER INFORMATION
|
Check
List by Info Agents |
Available
in Report (Yes / No) |
|
1)
Year of Establishment |
Yes |
|
2)
Locality of the firm |
Yes |
|
3)
Constitutions of the firm |
Yes |
|
4)
Premises details |
No |
|
5)
Type of Business |
Yes |
|
6)
Line of Business |
Yes |
|
7)
Promoter's background |
Yes |
|
8)
No. of employees |
No |
|
9)
Name of person contacted |
No |
|
10)
Designation of contact person |
No |
|
11)
Turnover of firm for last three years |
Yes |
|
12)
Profitability for last three years |
Yes |
|
13)
Reasons for variation <> 20% |
-- |
|
14)
Estimation for coming financial year |
Yes |
|
15)
Capital in the business |
Yes |
|
16)
Details of sister concerns |
Yes |
|
17)
Major suppliers |
No |
|
18)
Major customers |
No |
|
19)
Payments terms |
No |
|
20)
Export / Import details (if applicable) |
-- |
|
21)
Market information |
-- |
|
22)
Litigations that the firm / promoter involved in |
-- |
|
23)
Banking Details |
Yes |
|
24)
Banking facility details |
Yes |
|
25)
Conduct of the banking account |
-- |
|
26)
Buyer visit details |
-- |
|
27)
Financials, if provided |
Yes |
|
28)
Incorporation details, if applicable |
Yes |
|
29)
Last accounts filed at ROC |
Yes |
|
30)
Major Shareholders, if available |
Yes |
BUSINESS ACTIVITIES
The telecom landscape in the last year was posed with many difficulties
and challenges ranging from security risks of telecom equipment to the 2G
controversy to the global component shortages.
During the year, the Turnover of the company fell by 27% on an
annualized basis as compared to the previous period. This also had an effect on
the profits of the Company and the EBIDTA for the year was 7.30% as against
8.40% for the previous period. The Company has taken many steps to control its
operating expenditure and also bring down the overall costs for rendering
services. However, despite all the adversities that the market posed, the
Company has stayed on course and maintained its foothold in the telecom space.
The Company has achieved significant breakthrough in 3G market and secured
business from Bharti, Idea, Aircel and Vodafone. In the last financial year the
Company received various industry acknowledgements ranging from the Largest
Telecom Supplier to the various sustainability initiatives undertaken.
During the year, their Holding company Telefonaktiebolaget L M Ericsson
(LME) formed another subsidiary in India by the name of Ericsson India Global
Services Private Limited (EGI) to leverage on the cost advantage and human
skill sets of the country. With the formation of this co-subsidiary, the
activities relating to the R and D centers and Global Service Delivery Centers
at various locations were migrated from the company to EGI. Consequently, 3000
(approx) employees moved from the company to EGI. This will have a positive
cost impact for the company.
In pursuit of growth and adapting to market needs, the company launched
a SaaS platform to compete in the VAS space on a revenue sharing basis. E-Store
has also been launched with Idea and Reliance while the Mobile Advertising
Agreement have been signed up with Aircel. The services space was further
boosted with the first Multi Vendor Managed Services deal with Siestma Shyam
Teleservices Limited (SSTL).
To address their customers network operations and complexities, the
Regional Technical Centers were formed and located close to the customers
operations. With human capital integral to the company's growth, the talent
acquisition scheme has expanded from 12 to 40 schools and 300 to 1600 students.
Internally they secured the highest Customer Satisfaction Index score and a
strong employee commitment with an all time high score on Human Capital Index.
FUTURE PROSPECTS
With Mobile Broadband projected to be the mainstay for telecom industry
in the coming years, the Company is committed to accelerate the mobile
broadband ecosystem and business from birth pangs to high growth. From
successful execution and expansion of their customer's 3G networks to network
optimization and efficiency for data. To be an established player in the LTE
ecosystem is a strategic choice of the company and extending global leadership
in the country is a priority.
The company will continue to expand on the SaaS initiative, make forays
in the TV and Media space and also in the mobile money space. Their association
with SSTL will be the springboard for future expansions in the multi-vendor
services space. The company will continue to focus on the 2020 vision of their
Group of 50B connected devices and continue efforts around market development
of the verticals space.
Challenges
The global component shortages coupled with the earthquake tragedy in
Japan has affected global supply chains. The 2G spectrum controversy may
prolong the uncertainty of new operators decision to expand their operations.
The new telecom policy is eagerly awaited for a roadmap that will re-invigorate
the whole industry. The company is however geared up to meet all challenges and
maintain its quest for continued growth.
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 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 Intl
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 companys 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.54.87 |
|
|
1 |
Rs.86.46 |
|
Euro |
1 |
Rs.69.48 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
8 |
|
PAID-UP CAPITAL |
1~10 |
8 |
|
OPERATING SCALE |
1~10 |
8 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
8 |
|
--PROFITABILIRY |
1~10 |
8 |
|
--LIQUIDITY |
1~10 |
8 |
|
--LEVERAGE |
1~10 |
8 |
|
--RESERVES |
1~10 |
8 |
|
--CREDIT LINES |
1~10 |
8 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
72 |
This score serves as a reference to assess SCs 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.