MIRA INFORM REPORT
|
Report Date : |
02.08.2013 |
IDENTIFICATION DETAILS
|
Name : |
SCHNEIDER ELECTRIC
IT BUSINESS INDIA PRIVATE LIMITED (w.e.f. 12.09.2012) |
|
|
|
|
Formerly Known
As : |
AMERICAN POWER CONVERSION (INDIA) PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Survey No.187/3 and
188/3, Jigani Industrial Area, Jigani, Bangalore – 562 106, Karnataka |
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|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
10.03.1997 |
|
|
|
|
Com. Reg. No.: |
08-029635 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.34.710 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U32109KA1997PTC029635 |
|
|
|
|
TIN No.: |
29150072146 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
BLRA01711D |
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|
|
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PAN No.: [Permanent Account No.] |
AACCA6398Q |
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|
|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
Subject is engaged in the manufacture, sale and trading of
Uninterruptible Power Supply (“UPS”) systems and accessories. |
|
|
|
|
No. of Employees
: |
Information declined by the management. |
RATING & COMMENTS
|
MIRA’s Rating : |
A (69) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
56-70 |
A |
Financial & operational base are regarded healthy. General unfavourable
factors will not cause fatal effect. Satisfactory capability for payment of
interest and principal sums |
Fairly Large |
|
Status : |
Good |
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|
|
|
Payment Behaviour : |
Regular |
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|
|
|
Litigation : |
Clear |
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|
|
Comments : |
Subject is a well established and reputed company having a good track
record. The financial position of the company appears to be strong. The
performance capability appears to be high. Liquidity position of the company
is good. Fundamental appears to be healthy. There seems to be no external
borrowing. Trade relations are reported to be fair. Business is active.
Payments are reported to be regular and as per commitment. In view of experience promoters, the company can be considered for
normal business dealings at usual trade terms and condition. |
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 – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
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
We are living in a
world where volatility and uncertainty have become the New Normal. We saw
a change of government in countries like Tunisia, Egypt, Libya and Vietnam.
Once powerful countries in Europe are now fighting for bankruptcy. We have
taken growth in the developing part of the world for granted but economic
growth in China and India has begun to slow. Companies that were synonymous
with their product categories just a few years ago are now no longer in
existence. Kodak, the inventor of the digital camera had to wind up its
operations, HMV, the British entertainment retailing company and Borders, once
the second largest bookstore have shut down due to their inability to evolve
their business models with the changing time. Readers’ Digest, Thomson Register
are no more !
There is another
megatrend happening. The World order is changing as economic power shifts from
West to East. According to McKinsey study, it took Britain more than 100 years
to double its economic output per person during its industrial revolution and
the US later took more than 50 years to do the same. More than a century later,
China and India have doubled their GDP per capital in 12 and 18 years respectively.
By 2020, emerging Asia will become the world’s largest consuming block,
overtaking North America.
The years after the
outbreak of the global financial crisis, the world economy continues to remain
fragile. The Indian economy demonstrated remarkable resilience in the initial
years of the contagion but finally lost ground last year. GDP growth slowed
down. Currency has been weakening. There is a marked deceleration in
agriculture, industry and services. Dampening sentiment led to a cut-back in
investment as well as private consumption expenditure. Inflation remained
at high levels fuelled by the pressure from the food and fuel sectors. The
large fiscal and current account deficit s continued to cause grave concern. It
is imperative that India regains its growth trajectory of 8-9 % sooner than
later. This is crucially important given the need to create gainful livelihood
opportunities for the millions living in poverty as also the large contingent
of young people joining the job market every year.
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.
INFORMATION DENIED
Management Non Co operative. (91-80-41980000)
LOCATIONS
|
Registered
Office/ Head Office/ Factory 1 : |
Survey No.187/3 and
188/3, Jigani Industrial Area, Jigani, Bangalore – 562 106, Karnataka, India |
|
Tel. No.: |
91-80-27826025-32/ 27826151-58/ 27812070 |
|
Fax No.: |
91-80-27826022/ 23/ 24 |
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E-Mail : |
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Website : |
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Factory 2 : |
Located at: ·
Himachal Pradesh |
DIRECTORS
As on 29.09.2012
|
Name : |
Mr. Javed Ahmad |
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Designation : |
Director |
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Address : |
3B, Regency Heights,
Cleveland Road, Fraser Town, Bangalore – 560 005, Karnataka, India |
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Date of Birth/Age : |
29.01.1967 |
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Qualification : |
MBA |
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Date of Appointment : |
10.12.2007 |
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DIN No.: |
01705373 |
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PAN No.: |
AENPA6787M |
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Other
Directorship :
|
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|||||||||||||||||||||||||||
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Name : |
Mr. Charles Dean Watanabe |
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|
Designation : |
Director |
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|
Address : |
Block 708, Upper Chang I Road, East # 02-01, Singapore – 486838 |
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Date of Birth/Age : |
21.07.1964 |
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Qualification : |
B.A. |
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Date of Appointment : |
30.09.2009 |
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DIN No.: |
02634059 |
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Other
Directorship :
|
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|
|||||||||||||||||||||||||||
|
Name : |
Mr. Pankaj Lalit
Kumar Sharma |
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|
Designation : |
Director |
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|
Address : |
1, RHU Cross,
#08-08, Singapore – 437431 |
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Date of Birth/Age : |
19.02.1973 |
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Date of Appointment : |
30.09.2009 |
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DIN No.: |
02669725 |
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Other
Directorship :
|
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KEY EXECUTIVES
|
Name : |
Mr. Javed Ahmad |
|
Designation : |
GM India Manufacturing |
|
|
|
|
Name : |
Mr. Charles Dean Watanabe |
|
Designation : |
VP Finance Asia Pacifica and Japan, ITB |
|
|
|
|
Name : |
Shrinaiwas Chebbi |
|
Designation : |
Country General Manager |
|
|
|
|
Name : |
V. Thiagarajan |
|
Designation : |
Director R&D-HBN |
MAJOR SHAREHOLDERS
As on 29.09.2012
|
Names of Shareholders (Equity Shares) |
|
No. of Shares |
|
American Power
Conversion Corporation USA, USA |
|
3353560 |
|
American Power
Conversion Corporation (APC) BV, Netherlands |
|
2 |
|
Schneider
Electric IT France, France |
|
63125 |
|
Schneider
Electric IT Singapore Pte. Limited, |
|
1 |
|
Total
|
|
3416688 |
|
Names of Shareholders (Preference Shares) |
|
No. of Shares |
|
Schneider
Electric IT France, France |
|
53546 |
|
Total
|
|
53546 |
As on 29.09.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the manufacture, sale and trading of
Uninterruptible Power Supply (“UPS”) systems and accessories. |
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|
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|
Products/ Services : |
|
PRODUCTION STATUS (AS ON 31.03.2011)
|
Particulars |
Installed
Capacity |
Actual
Production |
|
UPS and Power Protection Systems |
4100000 |
1670777 |
GENERAL INFORMATION
|
No. of Employees : |
Information declined by the management. |
|
|
|
|
Bankers : |
·
ICICI
Bank Limited, 1, Cenotaph Lane, Chennai – 600 018, Tamilnadu, India ·
ABN Amro Bank, Chennai,
Tamilnadu, India ·
Citi Bank NA, M.G. Road,
Bangalore – 560 001, Karnataka, India |
|
|
|
|
Banking
Relations : |
-- |
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|
|
|
Auditors : |
|
|
Name : |
S.R. Batliboi and
Associates Chartered
Accountants |
|
Address : |
12th
and 13th Floor, “UB CITY,” Canberra Block No.24, Vittal Mallya
Road, Bangalore – 560 001, Karnataka, India |
|
Tel. No.: |
91-80-40275000 |
|
Fax No.: |
91-80-22106000 |
|
Income-tax
PAN of auditor or auditor's firm : |
AALFS0506L |
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|
|
|
Holding Company : |
American Power Conversion Corporation, United States |
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|
|
|
Ultimate Holding Company: |
Schneider Electric SA, France |
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|
|
|
Fellow Subsidiaries : |
·
American Power Conversion B.V. Ireland ·
Xantrex Technologies Inc., Canada ·
American Power Conversion (Phils.) Inc,
Philippines ·
Schneider Electric France SAS, France ·
Schneider Electric IT Logistics Asia Pacific Pte
Limited, Singapore ·
American Power Conversion (Xiamen) Power
Infrastructure Co. Limited, China ·
Schneider Electric India Private Limited, India
(CIN No.: U74899DL1995PTC065815) ·
T- SERIC South East Asia (HQ) Pte Limited,
Singapore ·
American Power Conversion Brazil Limited, Brazil ·
American Power Conversion Holding Inc, Taiwan,
Province of China ·
American Power Conversion Holdings, Denmark ·
American Power Conversion Japan, Inc, Japan ·
American Power Conversion Pty Limited, Australia ·
American Power Conversion SA, Uruguay ·
American Power Conversion Singapore Pte Limited,
Singapore ·
American Power Conversion (Suzhou) Uninterrupted
Power Supply Co. Limited, China ·
American Power Conversion International Trade
(Shanghai) Co Limited, China ·
Gutor Electronic GmbH, Switzerland ·
MGE Asia Pte Limited, Singapore ·
MGE China / Hong Kong Limited, Hong Kong ·
MGE China Limited, China ·
MGE UPS Systems Australia Pty Limited, Australia ·
MGE UPS Systems S.A. (Thailand) Co. Limited,
Thailand ·
MGE UPS Systems SAS, France ·
MGE UPS Systems Malaysia SDN BHD, Malaysia ·
MGE UPS Systems, Philippines ·
Netbotz Inc.USA ·
Schneider Electric Inc, United States ·
Schneider Electric IT, UAE ·
Schneider Electric Taiwan Co. Limited, Taiwan ·
Schneider Electric, Canada ·
Schneider Electric, Korea ·
MGE UPS Systems, Korea ·
Schneider (Suzhou) Drivers Co. Limited, China ·
Schneider Electric Espana, Spain ·
MGE Manufacturing (Shanghai), China ·
Constuction Electrique du vivarais, France |
CAPITAL STRUCTURE
After: 29.09.2012
Authorised Capital : Rs.60.000 Millions
Issued, Subscribed & Paid-up Capital : Rs.34.702
Millions
As on 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
5000000 |
Equity Shares |
Rs.10/- each |
Rs.50.000 Millions |
|
1000000 |
Preference Shares |
Rs.10/- each |
Rs.10.000 Millions |
|
|
Total |
|
Rs.60.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
3416688 |
Equity Shares |
Rs.10/- each |
Rs.34.170 Millions |
|
53546 |
Preference Shares |
Rs.10/- each |
Rs.0.540 Million |
|
|
Total |
|
Rs.34.710 Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
34.710 |
34.710 |
|
(b) Reserves & Surplus |
|
15090.000 |
12731.000 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
0.000 |
0.000 |
|
Total Shareholders’
Funds (1) + (2) |
|
15124.710 |
12765.710 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long term
liabilities |
|
27.000 |
13.000 |
|
(d) long-term
provisions |
|
371.000 |
358.000 |
|
Total Non-current
Liabilities (3) |
|
398.000 |
371.000 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term
borrowings |
|
0.000 |
0.000 |
|
(b) Trade payables |
|
2759.290 |
3593.290 |
|
(c) Other current
liabilities |
|
972.000 |
911.000 |
|
(d) Short-term
provisions |
|
371.000 |
426.000 |
|
Total Current
Liabilities (4) |
|
4102.290 |
4930.290 |
|
|
|
|
|
|
TOTAL |
|
19625.000 |
18067.000 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
2634.000 |
1997.000 |
|
(ii) Intangible Assets |
|
5.000 |
12.000 |
|
(iii) Capital
work-in-progress |
|
39.000 |
313.000 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
|
17.000 |
8.000 |
|
(d) Long-term Loan and Advances |
|
5103.000 |
2217.000 |
|
(e) Other
Non-current assets |
|
5.000 |
310.000 |
|
Total Non-Current
Assets |
|
7803.000 |
4857.000 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
3371.000 |
3135.000 |
|
(c) Trade receivables |
|
4114.000 |
7842.000 |
|
(d) Cash and cash
equivalents |
|
2475.000 |
389.000 |
|
(e) Short-term loans
and advances |
|
1454.000 |
908.000 |
|
(f) Other current
assets |
|
408.000 |
936.000 |
|
Total Current Assets |
|
11822.000 |
13210.000 |
|
|
|
|
|
|
TOTAL |
|
19625.000 |
18067.000 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
34.000 |
|
|
2] Share Application Money Pending Allotment |
|
|
1.000 |
|
|
3] Reserves & Surplus |
|
|
11102.000 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
11137.000 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
0.000 |
|
|
2] Unsecured Loans |
|
|
0.000 |
|
|
TOTAL BORROWING |
|
|
0.000 |
|
|
DEFERRED TAX LIABILITIES |
|
|
3.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
11140.000 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
1997.000 |
|
|
Capital work-in-progress |
|
|
41.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERRED TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
2996.000
|
|
|
Sundry Debtors |
|
|
7801.000
|
|
|
Cash & Bank Balances |
|
|
431.000
|
|
|
Other Current Assets |
|
|
9.000
|
|
|
Loans & Advances |
|
|
2279.000
|
|
Total
Current Assets |
|
|
13516.000 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
3316.000 |
|
|
Other Current Liabilities |
|
|
310.000 |
|
|
Provisions |
|
|
788.000 |
|
Total
Current Liabilities |
|
|
4414.000 |
|
|
Net Current Assets |
|
|
9102.000 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
11140.000 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
22415.000 |
20852.000 |
17321.000 |
|
|
|
Other Income |
217.000 |
189.000 |
1489.000 |
|
|
|
TOTAL |
22632.000 |
21041.000 |
18810.000 |
|
|
|
|
|
|
|
|
|
TOTAL EXPENSES |
19351.000 |
19320.000 |
16579.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
3281.000 |
1721.000 |
2231.000 |
|
|
|
|
|
|
|
|
|
|
TAX |
922.000 |
92.000 |
147.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX |
2359.000 |
1629.000 |
2084.000 |
|
|
|
|
|
|
|
|
|
|
PREVIOUS YEARS’
BALANCE BROUGHT FORWARD |
12581.000 |
10952.000 |
8868.000 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
14940.000 |
12581.000 |
10952.000 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
|
17079.000 |
17341.000 |
13882.000 |
|
|
|
Miscellaneous Income |
|
|
20.000 |
|
|
|
Software Development and design services |
|
|
463.000 |
|
|
|
Sales of Fixed Assets |
|
|
41.000 |
|
|
TOTAL EARNINGS |
17079.000 |
17341.000 |
14406.000 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
8756.000 |
9681.000 |
8046.000 |
|
|
|
Capital Goods |
|
|
247.000 |
|
|
TOTAL IMPORTS |
8756.000 |
9681.000 |
8293.000 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
679.78 |
469.42 |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
10.42
|
7.74
|
11.08 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
14.64
|
8.25 |
12.88 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
16.77
|
9.70 |
14.38 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.22
|
0.13 |
0.20 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.00
|
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.88
|
2.68
|
3.06 |
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 |
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 |
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) |
No |
|
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 |
|
31] |
Date of Birth of Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of Proprietor/Partner/Director, if available |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
No |
CORPORATE INFORMATION:
The
Company (formerly American Power Conversion (India) Private Limited) was
incorporated on 10th March, 1997 as a private limited company under
the Companies Act, 1956 (“the Act”). The Company is a wholly owned subsidiary
of American Power Conversion Corporation, USA (APCC). In February 2007,
Schneider Electric SA, France, acquired APCC and consequently, it has become
the ultimate holding company.
The
Company is engaged in the manufacture, sale and trading of Uninterruptible
Power Supply (“UPS”) systems and accessories and has its manufacturing
facilities at Bangalore and Himachal Pradesh. The company also provides
maintenance and other after sales services in respect of UPS systems through a
network of branches situated across the country.
FINANCIAL RESULTS:
The
company was able to make satisfactory performance during the year ended on
31.03.2012. The total income for the year has been Rs.22632.000 millions which
was mainly generated from sale of products of the company. The company was able
to generate other income for an amount of Rs.217.000 millions during the year.
The total expenditure for the period has been Rs.19351.000 millions. The net
profit of the company for the year ended on 31.03.2012 has been Rs.2359.000
millions. The total Profit carried to balance sheet as on 31.03.2012 is
Rs.14940.000 millions.
CONTINGENT LIABILITIES:
|
Particular |
31.03.2012 (Rs. in millions) |
31.03.2011 (Rs. in millions) |
|
Claims against the company not acknowledged as debts |
282.000 |
101.000 |
|
Provident fund on leave encashment for the period March 1997 to March 2005, pending final decision by appropriate authorities |
1.000 |
1.000 |
|
Income Tax, Service tax, VAT and other matters |
556.000 |
210.000 |
|
Excise and Customs |
2113.000 |
2214.000 |
INDEX OF CHARGES: NO
CHARGES EXIST FOR THE COMPANY.
FIXED ASSETS:
·
Land
·
Buildings
·
Plant and Equipment
·
Furniture and Fixtures
·
Vehicles
·
Office Equipment
·
Computer Equipments
·
Other
Equipments
·
Leasehold
Improvements
AS PER WEBSITE DETAILS:
PRESS RELEASES:
A VALUE OFFERING
AIMED TO IMPROVE SCHNEIDER ELECTRIC IT BUSINESS’S MARKET PRESENCE IN THE
CRITICAL POWER INDUSTRY
India, June 5, 2013 — Schneider Electric IT Business today announced the launch of the 3-Phase Galaxy 300, a value offering optimally priced to suit the needs of sectors like healthcare, retail, infrastructure, banking, manufacturing, power apart from other conventional sectors like IT & Telecom. The product comes with India for India features like Heavy Duty Charger with four hours plus runtime and up to 30 mins of integrated battery; it is dust proof to avoid increased risk of failure in dust prone environments and hassimplified parallel mode of UPS allowing uninterrupted supply of power in case of failure of one UPS.
With the economic conditions improving, India should see a slew of investments as well as strong growth in the manufacturing, retail, banking and IT sectors. The demand supply gap for power still exists and additionally, poor power transmission and distribution infrastructure leads to major challenges for customers who cannot afford downtime of their processes, manufacturing and IT systems. Thus, corporates are likely to continue to invest in critical power systems. The Galaxy 300’s India for India features have been designed keeping in mind the growing critical power market, especially with industries expanding in Tier II & III cities.
The new Galaxy 300 is simple and reliable. It comes with advanced dust filters and Conformal coating to protect the UPS from harsh environments as faced in major parts of the country. It has also been designed with high battery run time keeping in mind the frequent power failures.
One other key feature of the products is the compact size. UPS comes with integrated battery offer that allows customers to install 3rdparty batteries inside the UPS Cabinet, thus allowing a safe and compact installation.
The New Galaxy 300 is also available in 1 phase output to meet the Light industrial requirements.
The UPS also comes with other features like:
· High efficiency
· Compact size UPS with inbuilt batteries
· Double conversion online for maximum protection
· Multi-language display, installation wizard and mimic diagrams for easy operation
· Full maintenance bypass integrated
· Highly Serviceable
According to Jayabalan Velayudhan, Director Strategy and Business Development; Schneider Electric IT Business, “The market for 3-Phase 10-40KVA UPS in India is anticipated to grow at the rate of 8-10% per annum. This is a unique opportunity for Schneider Electric to introduce the new version of Galaxy 300 which offers reliable power protection and a robust and easy-to-install system at the best price-to-performance ratio. We are confident that with the launch of Galaxy 300, we will be able to capture the 3-Phase UPS marketspecifically for general purpose applications.”
The Galaxy 300 is the easiest UPS in its class to install, manage, and maintain. The product is aimed at electrical contractors and facility managers who do not have specialized knowledge in UPS installation and are end-customer influencers. Schneider Electric IT Business’s strategy for this product is therefore to address electrical contractors through the Electrical Distributors Channel who offer a ‘one stop-shop ’for customers looking for complete electrical supplies from a single distributor. The product is also available in single Phase output more suitable for control and automation market. It includes a one year physical warranty with extended warranty options.
SCHNEIDER ELECTRIC IT
BUSINESS INTRODUCES THE NEW SMARTUPS ONLINE
Added 29th Jul 2013
Team CIO
Schneider Electric IT Business India, today introduced its Double Conversion Online Smart UPS SRC2KUXI (2KVA) and SRC3KUXI (3KVA) UPS Models, developed specifically for harsh power conditions in India. According to the company, these double-conversion UPS expand APC by Schneider Electric's award-winning Smart-UPS On-Line product line, offering novel features such as Green Mode, Remote management, Generator compatibility and Parallel redundancy amongst others, because of which the UPS helps save approximately Rs.4000-6000 a year on electricity bills.
The company claims the new SmartUPS ensures availability, manageability and adaptability for any installation need. Usually the maximum impact of the increasing power deficit is borne by organizations in Tier II and III cities, especially the Small and Medium enterprises. These emerging enterprises are often plagued by unpredictable power disturbances like spikes, surges and black outs. They are increasingly opting for solutions that will not only ensure smooth running of their critical facilities and server rooms during long power outages, but also be energy efficient to reduce energy costs.
Adaptability
The Smart UPS is compatible to a wide range of generators, it also ensures tight voltage & frequency regulation, zero transfer time for reactive loads, longer battery backup and extended run capability making it an ideal solution for the harsh environments of Tier II & III cities. The Smart UPS units are also easily adaptable to any space thanks to the optional tower mounting and rack mounting configuration
Availability
The Smart UPS comes with Long battery backup and a 1000 W in-built charger that re-charges batteries in no time. This ensures additional runtime with uninterrupted power load. The self-powered bypass ensures seamless power to the load and allows UPS to be switched on even when batteries are not connected. Additionally, the capability to parallel two units for redundancy ensures better availability.
Manageability
Today the IT Managers are looking at options that allow them to remotely manage their critical facilities or server rooms without actually being present on the site at all times. The new SmartUPS range comes with Smart Slot, which allows users to opt for a Network Management Card or a GSM Card. The GSM remote monitoring card, another first in the market from APC by Schneider Electric, allows the user to easily monitor all parameters of the UPS’ health and its environment by SMS. Alternatively, one may use the PowerChute Business Edition UPS management software and a Network Management Card for monitoring the UPS on the Network.
Speaking about the launch M Gurudutt, Director Channel Business, Schneider Electric IT Business, said “We have always endeavored to meet the growing needs of the customer and the new SmartUPS Online 2kVA and 3kVA range is a step in that direction. Backed by strong R&D support, global leadership in technology and a deep understanding of the Indian market, the revolutionary SmartUPS comes packed with high end features. We are highly optimistic that with this launch we will be able to cater to a wider segment of the audience, specially the budding enterprises in Tier II and III markets.”
The primary advantage of this UPS is the Best in class output efficiency of >90% at full load, which can be further augmented by the Green Mode feature to provide an efficiency of up to 97%
Other features of the new Smart UPS units include:
- Compatible with both SMF and Tubular battery
- Parallel redundancy option
- Green Mode for higher energy savings.
- Graphical LCD for better user diagnostics.
- No need for Isolation Transformer
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.60.74 |
|
|
1 |
Rs.92.06 |
|
Euro |
1 |
Rs.80.60 |
INFORMATION DETAILS
|
Information
Gathered by : |
PDT |
|
|
|
|
Report Prepared
by : |
RAJ |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
7 |
|
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 |
7 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
69 |
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.