1. Summary Information
|
Country |
India |
||
|
Company Name |
OPTIEMUS
INFRACOM LIMITED |
Principal Name 1 |
Ms. Parul Rai |
|
Status |
Satisfactory |
Principal Name 2 |
Mr. Ashok Gupta |
|
Registration # |
55-054086 |
||
|
Street Address |
K-20, 2nd
Floor, Lajpat Nagar-II, New Delhi – 110024, India |
||
|
Established Date |
17.06.1993 |
SIC Code |
-- |
|
Telephone# |
91-11-29840905/07 |
Business Style 1 |
Distributor. |
|
Fax # |
-- |
Business Style 2 |
--- |
|
Homepage |
-- |
Product Name 1 |
Samsung Mobile. |
|
# of employees |
650 (approximately) |
Product Name 2 |
-- |
|
Paid up capital |
Rs.
858,142,000/- |
Product Name 3 |
-- |
|
Shareholders |
Promoters Shareholding – 74.93 % Public Shareholding - 25.07% |
Banking |
Indusind Bank |
|
Public Limited Corp. |
Yes |
Business Period |
20 years |
|
IPO |
Yes |
International Ins. |
- |
|
Public |
Yes |
Rating |
Ba
(45) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Subsidiary |
Singapore |
Optiemus Infracom (Singapore) Pte Limited |
- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
3707,625,000 |
Current Liabilities |
1698,089,000 |
|
Inventories |
424,134,000 |
Long-term Liabilities |
2308,504,000
|
|
Fixed Assets |
1409,410,000 |
Other Liabilities |
149,547,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
4,156,140,000 |
|
Invest& other Assets |
19,006,000 |
Retained Earnings |
545,893,000 |
|
|
|
Net Worth |
1404,035,000 |
|
Total Assets |
5,560,175,000 |
Total Liab. & Equity |
5,560,175,000 |
|
Total Assets (Previous Year) |
3785,693,000 |
|
|
|
P/L Statement as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Sales |
19,066,699,000 |
Net Profit |
281,339,000 |
|
Sales(Previous yr) |
12,077,311,000 |
Net Profit(Prev.yr) |
155,866,000 |
MIRA INFORM REPORT
|
Report Date : |
16.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
OPTIEMUS INFRACOM LIMITED (w.e.f 06.07.2012) |
|
|
|
|
Formerly Known
As : |
AKANKSHA CELLULAR LIMITED |
|
|
|
|
Registered
Office : |
K-20, 2nd Floor, Lajpat Nagar-II, New Delhi – 110024 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
17.06.1993 |
|
|
|
|
Com. Reg. No.: |
55-054086 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 858.142 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
L64200DL1993PLC054086 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELA23355D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACA2031L |
|
|
|
|
Legal Form : |
A Public Limited Liability company. The company’s Share are Listed on
the Stock Exchange. |
|
|
|
|
Line of Business
: |
Distributor of Samsung
Mobile. |
|
|
|
|
No. of Employees
: |
650 (approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 5610000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record.
Trade relations are reported as fair. Business is active. Payments are
reported to be usually correct 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 – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
India is developing into an open-market economy, yet traces of
its past autarkic policies remain. Economic liberalization, including
industrial deregulation, privatization of state-owned enterprises, and reduced
controls on foreign trade and investment, began in the early 1990s and has
served to accelerate the country's growth, which has averaged more than 7% per
year since 1997. India's diverse economy encompasses traditional village
farming, modern agriculture, handicrafts, a wide range of modern industries,
and a multitude of services. Slightly more than half of the work force is in
agriculture, but services are the major source of economic growth, accounting
for more than half of India's output, with only one-third of its labor force.
India has capitalized on its large educated English-speaking population to become
a major exporter of information technology services and software workers. In
2010, the Indian economy rebounded robustly from the global financial crisis -
in large part because of strong domestic demand - and growth exceeded 8%
year-on-year in real terms. However, India's economic growth in 2011 slowed
because of persistently high inflation and interest rates and little progress
on economic reforms. High international crude prices have exacerbated the
government's fuel subsidy expenditures contributing to a higher fiscal deficit,
and a worsening current account deficit. Little economic reform took place in
2011 largely due to corruption scandals that have slowed legislative work.
India's medium-term growth outlook is positive due to a young population and
corresponding low dependency ratio, healthy savings and investment rates, and
increasing integration into the global economy. India has many long-term
challenges that it has not yet fully addressed, including widespread poverty,
inadequate physical and social infrastructure, limited non-agricultural
employment opportunities, scarce access to quality basic and higher education,
and accommodating rural-to-urban migration.
|
Source
: CIA |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
3/5 |
|
Rating Explanation |
Good Fundamental |
|
Date |
August 22, 2012 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
LOCATIONS
|
Registered Office : |
K-20, 2nd Floor, Lajpat Nagar-II, New Delhi – 110024, India |
|
Tel. No.: |
91-11-29840905/ 06/ 07 |
|
Fax No.: |
91-11-29840908 |
|
E-Mail : |
|
|
Website : |
www.optiemus.com |
|
|
|
|
Branch Office : |
317, Competent House, F 14 Connaught
Circus, New Delhi – 110001, India |
|
Tel. No.: |
91-11-41529023 |
|
Fax No.: |
91-11-41529030 |
DIRECTORS
AS ON 31.03.2012
|
Name : |
Mr. Manoj Jain |
|
Designation : |
Non-Executive Director |
|
Qualification : |
Graduate |
|
Experience : |
22 Years |
|
|
|
|
Name : |
Mr. Ashok Gupta |
|
Designation : |
Chairman and Managing Director |
|
Qualification : |
B.Com |
|
Experience : |
32 Years |
|
|
|
|
Name : |
Mr. Hardip Singh |
|
Designation : |
Director (Operations) |
|
Qualification : |
BA |
|
Experience : |
20 Years |
|
|
|
|
Name : |
Ms. Parul Rai |
|
Designation : |
Director (Business Relation) |
|
Qualification : |
M.A, B.Ed |
|
Experience : |
15 Years |
|
|
|
|
Name : |
Mr. Laliet Gupta |
|
Designation : |
Non-Executive Director |
|
Qualification : |
Practicing Advocate |
|
Experience : |
20 Years |
|
|
|
|
Name : |
Mr. Gautam Kanjilal |
|
Designation : |
Non-Executive Director |
|
Qualification : |
Graduate in Economics |
|
Experience : |
37 Years |
KEY EXECUTIVES
|
Name : |
Mr. Vikas chandra |
|
Designation : |
Company secretary |
|
|
|
|
Name : |
Mr. Parveen sharma |
|
Designation : |
Chief financial officer |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 31.03.2013
|
Names of Shareholders |
No. of Shares |
Percentage of
Holding |
|
(A) Shareholding
of Promoter and Promoter Group |
|
|
|
|
|
|
|
|
25562041 |
29.79 |
|
|
38738500 |
45.14 |
|
|
64300541 |
74.93 |
|
|
|
|
|
Total
shareholding of Promoter and Promoter Group (A) |
64300541 |
74.93 |
|
(B) Public
Shareholding |
|
|
|
|
|
|
|
|
|
|
|
|
18693412 |
21.78 |
|
|
|
|
|
|
1511135 |
1.76 |
|
|
1247625 |
1.45 |
|
|
61478 |
0.07 |
|
|
58983 |
0.07 |
|
|
1495 |
0.00 |
|
|
1000 |
0.00 |
|
|
21513650 |
25.07 |
|
Total Public
shareholding (B) |
21513650 |
25.07 |
|
Total (A)+(B) |
85814191 |
100.00 |
|
(C) Shares held by
Custodians and against which Depository Receipts have been issued |
- |
- |
|
|
- |
- |
|
|
- |
- |
|
|
- |
- |
|
Total
(A)+(B)+(C) |
85814191 |
- |
BUSINESS DETAILS
|
Line of Business : |
Distributor of Samsung
Mobile. |
GENERAL INFORMATION
|
No. of Employees : |
650 (approximately) |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Bankers : |
|
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
RMA and Associates Chartered Accountants |
|
Address : |
48, Ist Floor, Hasan Pur, I.P. Extention, Delhi
– 110092, India |
|
|
|
|
Subsidiary Company: |
Optiemus Infracom ( Singapore) Pte Limited |
|
|
|
|
Fellow Subsidiary Company: |
Optiemus Metals and Mining Pte. Limited |
|
|
|
|
Entities in which KMP/ Relatives of KMP can exercise significant influence: |
|
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
85980000 |
Equity Shares |
Rs.10/- each |
Rs.859.800 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
85814191 |
Equity Shares |
Rs.10/- each |
Rs.858.142 Millions |
|
|
|
|
|
NOTES
The
Company has only one class of equity shares having a par value of Rs. 10 per
shares. Each holder of
equity
is entitled to one vote per share.
In
event of liquidation of the Company, the total proceeds from such liquidation
event remaining to be distributed among the holders of the shares of the
Company after discharging the liabilities of the Company.
List of shareholders holding Equity Shares 5
% or more
|
Name of Shareholders |
31.03.2012 |
|
|
|
No.
of Shares |
%Holding |
|
GRA Enterprises Private Limited |
38738500 |
45.14 |
|
Mr. Ashok Gupta |
5754894 |
6.71 |
|
Mrs. Renu Gupta |
6981111 |
8.14 |
|
Mr. Deepesh Gupta |
5365029 |
6.25 |
|
Mr. Neetesh Gupta |
5214607 |
6.08 |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
858.142 |
858.142 |
720.742 |
|
|
2] Share Application Money |
0.000 |
20.500 |
29.064 |
|
|
3] Reserves & Surplus |
545.893 |
264.554 |
108.689 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
1404.035 |
1143.196 |
858.495 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
1861.534 |
934.418 |
772.878 |
|
|
2] Unsecured Loans |
446.970 |
47.800 |
45.431 |
|
|
TOTAL BORROWING |
2308.504 |
982.218 |
818.309 |
|
|
DEFERRED TAX LIABILITIES |
17.158 |
17.836 |
22.998 |
|
|
|
|
|
|
|
|
TOTAL |
3729.697 |
2143.250 |
1699.802 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
1409.410 |
193.473 |
259.653 |
|
|
Capital work-in-progress |
2.033 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
16.973 |
11.129 |
99.924 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
424.134
|
418.176
|
271.017 |
|
|
Sundry Debtors |
2440.789
|
2100.251
|
1484.853 |
|
|
Cash & Bank Balances |
546.277
|
336.274
|
359.789 |
|
|
Other Current Assets |
54.720
|
107.546
|
199.352 |
|
|
Loans & Advances |
665.839
|
617.751
|
320.856 |
|
Total
Current Assets |
4131.759
|
3579.998
|
2635.867 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
1689.502
|
1542.219
|
1225.334 |
|
|
Other Current Liabilities |
8.587
|
16.337
|
37.444 |
|
|
Provisions |
132.389
|
83.887
|
34.565 |
|
Total
Current Liabilities |
1830.478
|
1642.443
|
1297.343 |
|
|
Net Current Assets |
2301.281
|
1937.555
|
1338.524 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
1.093 |
1.701 |
|
|
|
|
|
|
|
|
TOTAL |
3729.697 |
2143.250 |
1699.802 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
19066.699 |
12077.311 |
8508.393 |
|
|
|
Other Income |
23.470 |
49.684 |
209.476 |
|
|
|
TOTAL (A) |
19090.169 |
12126.995 |
8717.869 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods Sold |
- |
11355.240 |
8149.857 |
|
|
|
Personnel Expenses |
- |
106.891 |
80.528 |
|
|
|
Operating & Other Expenses |
- |
131.901 |
102.303 |
|
|
|
Selling & Distribution Expenses |
- |
88.270 |
42.410 |
|
|
|
Miscellaneous Expenses Written Off |
- |
0.608 |
0.604 |
|
|
|
Direct Expenses |
1091.976 |
- |
- |
|
|
|
Purchase of Stock-in-Trade |
16991.529 |
- |
- |
|
|
|
Changes in inventories of finished goods work-in-progress and stock in
trade |
(5.958) |
- |
- |
|
|
|
Employee Benefit Expenses |
129.169 |
- |
- |
|
|
|
Other Expenses |
258.373 |
- |
- |
|
|
|
TOTAL (B) |
18465.089 |
11682.910 |
8375.702 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
625.080 |
444.085 |
342.167 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
157.476 |
121.829 |
92.505 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
467.604 |
322.256 |
249.662 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
62.921 |
88.059 |
124.109 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
404.683 |
234.197 |
125.553 |
|
|
|
|
|
|
|
|
|
Less |
TAX (I) |
123.344 |
78.331 |
44.153 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-I) (J) |
281.339 |
155.866 |
81.400 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
238.461 |
82.595 |
1.196 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
519.800 |
238.461 |
82.596 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
116.937 |
190.859 |
773.453 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
166.163 |
137.144 |
687.631 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
3.28 |
2.08 |
1.14 |
|
QUARTERLY RESULTS
|
PARTICULARS |
30.06.2012 |
30.09.2012 |
31.12.2012 |
|
|
1st
Quarter |
2nd
Quarter |
3rd
Quarter |
|
Net Sales |
5965.310 |
6353.300 |
7377.400 |
|
Total Expenditure |
5789.680 |
6166.400 |
7151.600 |
|
PBIDT (Excl OI) |
175.630 |
187.000 |
225.800 |
|
Other Income |
0.730 |
0.400 |
0.300 |
|
Operating Profit |
176.360 |
187.300 |
226.100 |
|
Interest |
67.090 |
62.300 |
72.800 |
|
Exceptional Items |
0.000 |
0.000 |
0.000 |
|
PBDT |
109.270 |
125.100 |
153.400 |
|
Depreciation |
15.610 |
15.900 |
16.000 |
|
Profit Before Tax |
93.670 |
109.200 |
137.400 |
|
Tax |
28.940 |
41.400 |
31.900 |
|
Provisions and Contingencies |
0.000 |
0.000 |
0.000 |
|
Profit After Tax |
64.730 |
67.700 |
105.500 |
|
Extraordinary Items |
0.000 |
(3.800) |
0.000 |
|
Prior Period Expenses |
0.000 |
0.000 |
0.000 |
|
Other Adjustment |
0.000 |
0.000 |
0.000 |
|
Net Profit |
64.730 |
63.900 |
105.500 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
1.47
|
1.28
|
0.93 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
2.12
|
1.93
|
1.47 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
7.30
|
6.20
|
4.33 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.29
|
0.20
|
0.14 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.64
|
0.86
|
0.95 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.26
|
2.17
|
2.03 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
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 |
Yes |
|
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 |
No |
|
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) |
Yes |
|
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 |
No |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
No |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of Proprietor/Partner/Director,
if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
|
Unsecured Loan |
31.03.2012 (Rs.
in Millions) |
31.03.2011 (Rs.
in Millions) |
|
From Directors |
0.000 |
0.000 |
|
From Others |
446.970 |
47.800 |
|
|
|
|
|
TOTAL |
446.970 |
47.800 |
OPERATIONS
During the year
the company achieved another milestone as turnover touched an all time high of
Rs. 19090.100 Millions as compare to Rs. 12126.900 Millions for the previous
year registering a growth of 57.42%. The management of the Company is committed
to maximize the shareholders value.
ACQUISITION OF
AUCTIONED COMMERCIAL PROPERTY IN NOIDA
The Company has
acquired a commercial property situated at Sector 126, Noida (Uttar Pradesh)
which is one of the prime locations of Noida on Express-way. The said Property
is costing approximately Rs. 1300.000 Millions having plot size of 13260 Sq
Mtrs along with buildup structure of approximately 4,00,000 Sq ft.
CHANGE IN
REGISTERED OFFICE OF THE COMPANY
The Company has shifted the Registered Office from 317, Competent
House, F-14, Connaught Place, New Delhi-110001 to K-20, IInd Floor, Lajpat
Nagar-II, New Delhi-110024 w.e.f 1st November, 2011.
SUBSIDIARY(S)
The
Company has incorporated a wholly owned subsidiary Company in the name and
style of Optiemus Infracom (Singapore) Pte. Limited in Singapore. The Board is
of the view that the Wholly Owned Subsidiary Company has great potential of
development in future. Mr. Ashok Gupta and Mr. Hardip Singh are appointed as
Directors in wholly Owned Subsidiary of the Company.
MANAGEMENT
DISCUSSION AND ANALYSIS
1. INDUSTRY
STRUCTURE AND DEVELOPMENTS
I)
BUSINESS SEGMENT- TELECOMMUNICATION PRODUCTS
The
Telecommunications continues to be one of the India’s biggest success stories.
In recent years the Telecom sector has been delivering strong returns on
investment and steady subscriber addition. In 2012, the total telecom
subscriber base is expected to reach approximately Rs.690.000 to Rs.700.000
million to include about Rs.640.000 to Rs.650.000 million wireless users driven
by a rise in communications demand from semiurban and rural India. Rural Market
will be the next growth driver for operators with the near saturation of Urban
Market. In 2012, 3G services will have just begun to spread in India and mobile
entertainment are likely to be more popular. Multiple factor, planned and
unplanned, anticipated and unanticipated have coalesced to produce a remarkable
decades of continued success, these include low tariffs and low handset cost.
II)
BUSINESS SEGMENT – INFRASTRUCTURE
India’s
growing economy is placing huge demands on critical infrastructure – power,
roads, railways, ports, transportation systems, and water supply and
sanitation. While the government has raised its investments in infrastructure,
the investment gap remains daunting with an estimated $1 trillion required to
meet the country’s resource needs over the next five years. Accordingly, India
is encouraging private participation in infrastructure development.
2. OPPORTUNITIES
I)
TELECOMMUNICATION PRODUCTS
Even
though the global liquidity crunch is likely to take a toll in short term
merger, the interest shown by global Telecom operators in domestic India
Telecom market has been encouraging. Recently Japan’s leading Telecom operator,
NTT Docomo invested USD 2.7 Billion. Norway based Telecom Company Telenor
invested USD 1 Billion. It is an opportunity to build a truly global presence.
Despite the global slowdown, the demand for new mobile connections in India are
expected to be rebuts.
II)
INFRASTRUCTURE
The
road sector in India will call for investments in the range of US$75-90 billion
over the next five years and India’s construction sector is anticipated to grow
at about 35 percent between the 2008–09 FY and the 2012–13 FY. The private
sector is likely to contribute 44 percent of the country’s total projected
spending of US$100 billion on roads and highways during the 12th Five-Year Plan
period.
3. THREATS
I) TELECOMMUNICATION
PRODUCTS
The
Current financial crisis could have a low to medium impact on Telecom sector in
terms of rising cost of capital and reduction in discretionary spending on the
part of customer. Looking ahead in order to ensure strong
growth rate the Government and the regulators will need to put in place
compressive directions and companies will need to consistently innovate to
effectively manage the revenues and costs.
II)
INFRASTRUCTURE
Delay
in Government and regulatory decision making have caused several road, railway
port and other infrastructure projects to fall behind schedule. The slowdown of
reforms and a lack of long term funding could hurt profitability. The uncertain
economic environment is causing investment to dry up in the infrastructure
sector.
4. OUTLOOK
After
the completion of merger, the Company has from time to time moving into areas
of business which would be more profitable for the company. As the part of
diversification plans the Company has incorporated a wholly owned subsidiary in
Singapore. The Company is desirous to expand its operation globally so as
enable it to make its presence in the global market.
BOARD OF DIRECTORS:
Mr. Ashok Gupta - Chairman and
Managing Director
He is having a degree of bachelor in Commerce with 32 years of
experience in telecom industry, construction, import of mobile handsets,
accessories and furniture and fixtures. Mr. Gupta has excellent quality of
entrepreneurship as well as involving in top managerial assignments. Mr. Gupta
has promoted various Companies in the field of Communication, telecom,
construction and allied industries.
Mr. Hardip Singh -
Director(Operations)
He is having a degree of bachelor in Arts (Economics Honours) and a
diploma holder in marketing management along with more than 20 years of
experience in marketing, distribution and business development.
Mrs. Parul Rai -
Director(Business Relation)
She is M.A, B.Ed having more than 15 years of exposure in the field of
telecom, communication and travel industry. Mrs. Rai has a remarkable
entrepreneurship quality and running successfully associated concerns.
Mr. Manoj Jain - Non Executive
Director
He is Graduate and having 22 Years in Laws, Audit, Finance and Taxation,
Project Management, Import and Exports, Stock Broking, Information Technology
etc.
Mr. Laliet Gupta - Non Executive
Director
Mr. Lalit Gupta, is a practicing advocate in Delhi High Court possesses
experience of more than 20 years. His name is associated with various facets of
the high profile and hotly contested litigations. He is having expertise in
litigation work in Corporate, Arbitration, Property, Banking, Insurance,
Contract, Agency, Franchisee, Recovery, Negotiable Instruments, Services,
Labor, Municipal, Defamation, conveyancing matters in various courts, Tribunals
and forums in and around Delhi, including the Supreme Court of India, High
court and subordinate courts of Delhi, AAIFR, BIFR, MRTPC, DRT, Consumer
Forums, etc.
Mr. Gautam Kanjilal - Non
Executive Director
Mr. Gautam
Kanjilal, a post graduate in Economics, joined the management cadre of the
State Bank of India in July 1972 as a Probationary Officer. During his 37 plus
years of service in SBI, he held many important administrative and business
assignments covering a large matrix of banking operations. Apart from holding
operational assignments in the area of pure banking, he was positioned in the
corporate headquarters of SBI Capital Markets Ltd, the merchant banking arm of
SBI, where the nature of responsibilities included debt syndication and
planning and handling of all types of equity/ debt issues of large PSUs and
corporate. As AGM of Overseas Branch, Kolkata, he handled the accounts of large
corporate EOUs/ export houses; this involved credit appraisals, especially
related to forex.Assignments held at higher levels included:
DGM (Accounts and
Compliance) at the Corporate Centre, Mumbai; this assignment involved handling
critical issues including compliance monitoring and finalization of basic tax,
and related P and L matters of the Bank at the apex level.
CEO of SBI's New
York operations : The position also entailed direct, intensive inter-actions
with the US Regulatory agencies (Federal Reserve, FDIC, NYSBD etc) and required
in-depth knowledge of US Govt. regulations concerning compliances, taxation,
corporate / trade finance and export and monetary transactions. SBI's New York
Office handled almost all GOI-related transactions. India Inc depended heavily
on SBI-NY for concluding USD- denominated commercial transactions.
General Manager
(Mid-Corporate), Kolkata: this assignment gave extensive responsibility over
mid-corporate accounts in the States of West Bengal, Orissa and Jharkhand.
His last
assignment (January 2007 till September 2009) was as Chief General Manager, Delhi Circle, which involved administering
around 1300 branches and offices covering the entire NCR, Rajasthan,
Uttarakhand, western UP and parts of Haryana.
Mr. Kanjilal also
completed a specialised training programme on Corporate Governance conducted by
EUROMONEY, London.
He has been
working on SBI assignments off and on is SBIs Nominee Director on the Board of Jindal Stainless Limited
WEB DETAILS:
OVERVIEW
The company has been incorporated in the year of 1995 with the Registrar
of Companies, National Capital Territory of Delhi and Haryana having its
Registered office at K-20, Lajpat Nagar-II, New Delhii-110024.
The Optiemus Infracom Limited is a listed public company have listing
with Bombay Stock Exchange Limited, Delhi Stock Exchange Limited and Jaipur
Stock Exchange Limited.
The OPTIEMUS a diversified business entity has great experience in
managing and distributing the best mobile brands and other telecommunication
products in India during the last 20 years.
The Company has its own brand of premium Mobile Accessory namely
“MO-LIFE”.
The Company also have years of expertise in the field of Infrastructure Developments.
The Company has recently built a prestigious State Highway project under MPRDC.
The Company has national wide set-up and distributing its products
through its own maintained 26 offices-cum-warehouses.
The Company has optimum combination of experienced and skilled workforce
of more than 400 employees and the employee retention ration of the Company is
very high in Industry.
FIXED ASSETS:
- Land
- Building
- Office Equipment
- Computers
- Plant and Machinery
- Furniture and Fixture
- Motor Vehicles
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 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. 54.62 |
|
|
1 |
Rs. 83.69 |
|
Euro |
1 |
Rs. 71.41 |
INFORMATION DETAILS
|
Report Prepared
by : |
DPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
4 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
YES |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
45 |
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.