1. Summary Information

 

 

Country

India

Company Name

MOTOROLA MOBILITY CHENNAI PRIVATE LIMITED

Principal Name 1

Mr. Ramprasad Gururaja Rao

Status

New Company

Principal Name 2

Mr. Marc Evan Rothman

 

 

Registration #

05-039316

Street Address

415/2, Mehrauli Gurgaon Road, Sector-14, Gurgaon-122001, Haryana, India

Established Date

20.07.2009

SIC Code

--

Telephone#

Not Available

Business Style 1

Manufacturer

Fax #

Not Available

Business Style 2

Trader

Homepage

--

Product Name 1

mobile handsets

# of employees

Not Available

Product Name 2

mobile accessories

Paid up capital

Rs. 100,000/-

Product Name 3

software

Shareholders

Directors or relatives of directors (50.00%)

Other top fifty shareholders (50.00%)

Banking

Not Available

Public Limited Corp.

NO

Business Period

2 Years

IPO

NO

International Ins.

-

Public Enterprise

NO

Rating

Ca (13)

Related Company

Relation

Country

Company Name

CEO

Note

-

2. Summary Financial Statement

Balance Sheet as of

31.03.2010

(Unit: Indian Rs.)

Assets

Liabilities

Current Assets

100,000

Current Liabilities

5,000

Inventories

000

Long-term Liabilities

000

Fixed Assets

000

Other Liabilities

000

Deferred Assets

000

Total Liabilities

5,000

Invest& other Assets

000

Retained Earnings

[5,000]

 

 

Net Worth

95,000

Total Assets

100,000

Total Liab. & Equity

100,000

 Total Assets

(Previous Year)

--

 

 

P/L Statement as of

31.03.2010

(Unit: Indian Rs.)

Sales

000

Net Profit/ Loss

[5,000]

Sales(Previous yr)

000

Net Profit(Prev.yr)

000

 


MIRA INFORM REPORT

 

 

 

 

Report Date :

24.05.2012

 

IDENTIFICATION DETAILS

 

Name :

MOTOROLA MOBILITY CHENNAI PRIVATE LIMITED (w.e.f. 26.03.2010)

 

 

Formerly Known As :

PK DEVICE DEVELOPERS PRIVATE LIMITED

 

 

Registered Office :

415/2, Mehrauli Gurgaon Road, Sector-14, Gurgaon-122001, Haryana

 

 

Country :

India

 

 

Financials (as on) :

31.03.2010

 

 

Date of Incorporation :

20.07.2009

 

 

Com. Reg. No.:

05-039316

 

 

Capital Investment/ Paid-up Capital:

Rs. 0.100 Million

 

 

CIN No.:

[Company Identification No.]

U32109HR2009PTC039316

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

To carry the business of development, trading, manufacturing, import, export of electronic devices including mobile handsets, mobile accessories and software.

 

 

No. of Employees:

Not Available

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ca (13)

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Status :

New Company

 

 

Payment Behaviour :

Unknown

 

 

Litigation :

Clear

 

 

Comments :

Subject is a new company and yet to establish itself gradually. Business is active. Payments are unknown.

 

The company can be considered for business dealings on a secured 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. Subhash

Designation :

Finance Manager

Contact No.:

(unable to contact)

Email:

subash@motorola.com

Date :

16.11.2011

 

 

LOCATIONS

 

Registered Office :

415/2, Mehrauli Gurgaon Road, Sector-14, Gurgaon-122001, Haryana, India

Tel. No.:

Not Available

Fax No.:

Not Available

E-Mail :

subash@motorola.com

info@jpku.com

 

 

DIRECTORS

 

As on 14.12.2010

 

Name :

Mr. Ramprasad Gururaja Rao

Designation :

Additional Director

Address :

No. T-G, Block-2, Jains Ashrya, Phase-2, Vembuliamman Koil Street, Virugambakkam, Chennai-600092, Tamilnadu, India

Date of Birth/Age :

13.11.1972

Date of Appointment :

07.03.2011

DIN No.:

03460486

 

 

Name :

Mr. Marc Evan Rothman

Designation :

Additional Director

Address :

63, South Wynstone Drive, North Barrington-60010, Unitested States of America

Date of Birth/Age :

20.10.1964

Date of Appointment :

24.09.2009

DIN No.:

01777743

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

U32109HR1989PTC034131

Motorola Solutions India Private Limited

Director

26/10/2007

31/07/2007

12/04/2008

Active

NO

2

U72200HR2000PTC038808

Symbol Technologies India Private Limited

Director

28/09/2007

17/09/2007

12/04/2008

Active

NO

3

U72300MH2000PTC129161

Sound Buzz India Private Limited

Additional director

14/02/2008

14/02/2008

12/04/2008

Under liquidation

NO

4

U32204HR2009PTC039313

Motorola Mobility India Private Limited

Director

14/12/2010

24/09/2009

-

Active

NO

5

U32109HR2009PTC039316

Motorola Mobility Chennai Private Limited

Director

14/12/2010

24/09/2009

19/05/2011

Active

NO

 

 

Name :

Mr. Eric Dsouza

Designation :

Additional Director

Address :

Flat No. B-605, Mantri Elegance, NS Palya, Nannerghatta Road, Bangalore-560076, Karnataka, India

Date of Birth/Age :

03.06.1966

Date of Appointment :

26.04.2010

Date of Ceasing:

07.03.2011

DIN No.:

02778621

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

U92419KA2009PTC051067

Liberty Fitness and Health Solutions Private Limited

Director

01/10/2009

01/10/2009

-

Active

NO

2

U32109HR2009PTC039316

Motorola Mobility Chennai Private Limited

Director

14/12/2010

26/04/2010

07/03/2011

Active

NO

 

 

Name :

Mr. Vijimur Chellappan Srinivasa Raghavan

Designation :

Additional Director3

Address :

E-144, Richmond Park Park, DLF Phase-4, Gurgaon, Haryana, India

Date of Birth/Age :

14.02.1970

Date of Appointment :

01.07.2010

DIN No.:

03138245

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

U32109HR2009PTC039316

Motorola Mobility Chennai Private Limited

Director

14/12/2010

01/07/2010

-

Active

NO

 

KEY EXECUTIVES

 

Name :

Mr. Subhash

Designation :

Finance Manager

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

(AS ON 14.12.2010 )

 

Names of Shareholders

 

No. of Shares

 

Prakash Lal Kapur

 

5000

Gurmeet Singh Ubeari

 

5000

Total

 

10000

 

Equity Share Breakup (Percentage of Total Equity)

(AS ON 31.12.2010 )

 

Category

 

Percentage

 

 

 

Directors or relatives of directors

 

50.00

Other top fifty shareholders

 

50.00

 

 

 

Total

 

100.00

 

 

BUSINESS DETAILS

 

Line of Business :

To carry the business of development, trading, manufacturing, import, export of electronic devices including mobile handsets, mobile accessories and software.

 

 

Products :

Product Description

ITC Code

Mobile Handset

85171290

 

 

GENERAL INFORMATION

 

No. of Employees :

Not Available

 

 

Bankers :

Not Available

 

 

 

Banking Relations :

--

 

 

Auditors :

 

Name :

BSR and Company

Chartered Accountant

Address :

Maruthi Info-tech Centre, 11-12/1, Inner Ring Road, Koramangala, Bangalore-560071, Karnataka, India

Tel. No.:

91-80-39806000

Fax No.:

91-80-39806999

PAN No.:

AAIFB0630K

 

 

CAPITAL STRUCTURE

 

As on 31.03.2010

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

50000

Equity Share

Rs.10/- each

Rs. 0.500 Million

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

10000

Equity Share

(Of the above 5000 equity shares of Rs. 10 each are held by Prakash Lal Kapur and 5000 Equity Shares of Rs. 10 each are held by Gurmeet Singh Uberoi)

Rs.10/- each

Rs. 0.100 Million

 

 

 


 

FINANCIAL DATA

[all figures are in Rupees Millions]

 

 

ABRIDGED BALANCE SHEET

 

SOURCES OF FUNDS

 

 

 

From 20.07.2009

31.03.2010

SHAREHOLDERS FUNDS

 

 

 

1] Share Capital

 

 

0.100

2] Share Application Money

 

 

0.000

3] Reserves & Surplus

 

 

0.000

4] (Accumulated Losses)

 

 

(0.005)

NETWORTH

 

 

0.095

LOAN FUNDS

 

 

 

1] Secured Loans

 

 

0.000

2] Unsecured Loans

 

 

0.000

TOTAL BORROWING

 

 

0.000

DEFERRED TAX LIABILITIES

 

 

0.000

 

 

 

 

TOTAL

 

 

0.095

 

 

 

 

APPLICATION OF FUNDS

 

 

 

 

 

 

 

FIXED ASSETS [Net Block]

 

 

0.000

Capital work-in-progress

 

 

0.000

 

 

 

 

INVESTMENT

 

 

0.000

DEFERREX TAX ASSETS

 

 

0.000

 

 

 

 

CURRENT ASSETS, LOANS & ADVANCES

 

 

 

 

Inventories

 

 

0.000

 

Sundry Debtors

 

 

0.000

 

Cash & Bank Balances

 

 

0.100

 

Other Current Assets

 

 

0.000

 

Loans & Advances

 

 

0.000

Total Current Assets

 

 

0.100

Less : CURRENT LIABILITIES & PROVISIONS

 

 

 

 

Sundry Creditor

 

 

0.005

 

Other Current Liabilities

 

 

0.000

 

Provisions

 

 

0.000

Total Current Liabilities

 

 

0.005

Net Current Assets

 

 

0.095

 

 

 

 

MISCELLANEOUS EXPENSES

 

 

0.000

 

 

 

 

TOTAL

 

 

0.095

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

 

 

 

From 20.07.2009

31.03.2010

 

SALES

 

 

 

 

 

Income

 

 

0.000

 

 

Other Income

 

 

0.000

 

 

TOTAL                                    

 

 

0.000

 

 

 

 

 

Less

EXPENSES

 

 

 

 

 

Other operating Expenses

 

 

0.005

 

 

TOTAL                                    

 

 

0.005

 

 

 

 

 

 

Loss for the Period

 

 

[0.005]

 

 

 

 

 

 

Earnings Per Share (Rs.)

 

 

[0.5]

 

KEY RATIOS

 

PARTICULARS

 

 

 

 

From 20.07.2009

31.03.2010

PAT / Total Income

(%)

 

 

0.00

 

 

 

 

 

Net Profit Margin

(PBT/Sales)

(%)

 

 

0.00

 

 

 

 

 

Return on Total Assets

(PBT/Total Assets}

(%)

 

 

[5.00]

 

 

 

 

 

Return on Investment (ROI)

(PBT/Networth)

 

 

 

[0.05]

 

 

 

 

 

Debt Equity Ratio

(Total Liability/Networth)

 

 

 

0.05

 

 

 

 

 

Current Ratio

(Current Asset/Current Liability)

 

 

 

20.00

 

 

LOCAL AGENCY FURTHER INFORMATION

 

Background:

 

Subject was incorporated on 20 July 2009 as a Private Limited company under the provision of companies Act, 1956 with its registered office in Haryana, India. The company has been set up to carry the business of development, trading, manufacturing, import, export of electronic devices including mobile handsets, mobile accessories and software. The manufacturing facility of the company is located in a Special Economic Zone.

 

During the period the name of the company was changed from PK Device Developers Private Limited to Motorola Mobility Chennai Private Limited with effect from 26 March 2010.

 

 

Financial Results and Operations:

 

Financial Results of the company reveals at Loss of Rs. 0.005 Million for the period ended March 31, 2010.

 

PRESS RELEASE:

 

SANJAY JHA QUITS POST-GOOGLE'S MOTOROLA MOB BUY

 

Google has completed the acquisition of cellphone maker Motorola Mobility for USD 12.5 billion in an all-cash deal and appointed Dennis Woodside as the new CEO in place of Sanjay Jha, who has decided to step down.

 

"I'm happy to announce today that our Motorola Mobility deal has closed...Sanjay Jha, who was responsible for building the company and placing that big bet on Android, has stepped down as CEO," Google CEO Larry Page said in joint statement of the two companies on Tuesday late night.

 

Woodside, who takes over from Jha, was serving as President of Google's Americas region, it added.

 

Jha, meanwhile, will continue to work with Google to help ensure a smooth transition, the statement said.

 

This is the biggest deal in Google's 14-year history.

 

The two companies had announced the deal nine months ago.

 

Google acquired Motorola Mobility in an all-cash deal for USD 40 per share.

 

"I've known Dennis for nearly a decade, and he's been phenomenal at building teams and delivering on some of Google's biggest bets. One of his first jobs at Google was to put on his backpack and build our businesses across the Middle East, Africa, Eastern Europe and Russia," Page said.

 

Google has hired a new team for running business at Motorola Mobility, which includes former Director of DARPA Regina Dugan, former supply chain VP at Amazon and previously at Nokia Mark Randall, former CFO of Marsh and McLennan Vanessa Wittman, former head of HR at Visa and NVIDIA Scott Sullivan, and former Google VP of Consumer Marketing Gary Briggs.

 

Members of Motorola Mobility's team, including Senior Vice-President for Global Product Development Iqbal Arshad, Chief of Staff Marshall Brown, Senior Vice President for Mass Market Products Fei Liu and some others will continue working at the their existing position, the statement said.

 

 


CMT REPORT (Corruption, Money Laundering & Terrorism]

 

The Public Notice information has been collected from various sources including but not limited to: The Courts, India Prisons Service, Interpol, etc.

 

1]         INFORMATION ON DESIGNATED PARTY

No 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.55.93

UK Pound

1

Rs.88.14

Euro

1

Rs.70.87

 

 

INFORMATION DETAILS

 

Report Prepared by :

SDA

 


 

SCORE & RATING EXPLANATIONS

 

SCORE FACTORS

 

RANGE

POINTS

HISTORY

1~10

3

PAID-UP CAPITAL

1~10

2

OPERATING SCALE

1~10

2

FINANCIAL CONDITION

 

 

--BUSINESS SCALE

1~10

2

--PROFITABILIRY

1~10

--

--LIQUIDITY

1~10

2

--LEVERAGE

1~10

1

--RESERVES

1~10

--

--CREDIT LINES

1~10

1

--MARGINS

-5~5

--

DEMERIT POINTS

 

 

--BANK CHARGES

YES/NO

NO

--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

 

13

 

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

-

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.