MIRA
INFORM REPORT
|
Report Date : |
22.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
ENKAY TECHNOLOGIES ( |
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|
|
|
Registered
Office : |
7, Bhima Vaitarna Complex, |
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Country : |
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Financials (as
on) : |
31.03.2012 |
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|
|
|
Date of
Incorporation : |
29.04.1987 |
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Com. Reg. No.: |
11-043304 |
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Capital
Investment / Paid-up Capital : |
Rs.9.000
millions |
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|
|
CIN No.: [Company Identification
No.] |
U32200MH1987PTC043304 |
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|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUME04918E |
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|
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PAN No.: [Permanent Account No.] |
AAACE1300N |
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|
|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Provider of Telecommunication and IT Solutions Services. |
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|
No. of Employees
: |
300 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (37) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 340000 |
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|
Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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|
Comments : |
Subject is an established company having a moderate track record.
There appears dip in its sales and profitability during 2012. The profit margin
appears to be low. However, Networth of the company is strong. Trade relations are
reported to be fair. Business is active. Payments are reported to be slow but
correct. The company can be considered for business dealings with slight
caution. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
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 PARTED BY
|
Name : |
Mr. Vaibhav Chaudhary |
|
Designation : |
Financial Manager |
|
Contact No.: |
91-22-66262222 |
|
Date : |
21.06.2013 |
LOCATIONS
|
Registered Office/ Marketing Office : |
7, Bhima Vaitarna Complex, |
|
Tel. No.: |
91-22-66262222/ 24939835/ 24962705 |
|
Fax No.: |
91-22-24942127 |
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E-Mail : |
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Website : |
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Branch Office : |
Located at: v Ahmedabad v
v Chennai v
v
v Kolkata v Pune |
DIRECTORS
As on 28.09.2012
|
Name : |
Mr. Dayal Mahirwan Hemrajani |
|
Designation : |
Chairman cum Managing Director |
|
Address: |
81, Ashraya, 266, |
|
Date of Birth/Age : |
07.03.1958 |
|
Qualification : |
B.Com (Hons) L.L.B. |
|
Date of Appointment : |
29.04.1987 |
|
DIN No.: |
00323558 |
|
|
|
|
Name : |
Mr. Vasudev Mahirwan Hemrajani |
|
Designation : |
Director |
|
Address: |
81, Ashraya, 266, |
|
Date of Birth/Age : |
13.07.1962 |
|
Date of Appointment : |
14.06.2007 |
|
DIN No.: |
01001872 |
KEY EXECUTIVES
|
Name : |
Mr. Vaibhav Chaudhary |
|
Designation : |
Financial Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 28.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Dayal Mahirwan Hemrajani |
|
600 |
|
Pushpa M. Hemrajani |
|
200 |
|
Vibha D. Hemrajani |
|
200 |
|
Vasudev M. Hemrajani |
|
200 |
|
Dayal M. Hemrajani j/w Vibha D. Hemrajani |
|
28950 |
|
Mahirwan C. Hemrajani j/w Pushpa M. Hemrajani |
|
600 |
|
Pushpa M. Hemrajani j/w Mahirwan C. Hemrajani |
|
8450 |
|
Vibha D. Hemrajani j/w Dayal M. Hemrajani |
|
26750 |
|
Vasudev M. Hemrajani j/w Prerna V. Hemrajani |
|
4000 |
|
Prerna V. Hemrajani j/w Vasudev M. Hemrajani |
|
4050 |
|
Mahirwan Hemrajani HUF (Represented by Mahirwan Hemrajani) |
|
4000 |
|
Akshay V. Hemrajani j/w Vasudev M. Hemrajani |
|
4000 |
|
Dayal M. Hemrajani HUF (Represented by Dayal |
|
4000 |
|
Vasudev M. Hemrajani HUF (Represented by Vasudev M. Hemrajani) |
|
4000 |
|
|
|
|
|
Total
|
|
90000 |
Equity Share Break up (Percentage of Total Equity)
As on 28.09.2012
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Provider of Telecommunication and IT Solutions Services. |
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Products/ Services : |
v
Electronic
Security Systems and Solutions v
Control
Touch Panels v
DETC v
Wireless
LAN Solution v
LCD
TV’s v
High
Definition Video Conferencing Solutions KEY TELEPHONE
SYSTEM v Aspila Topaz LITE (KTS) v Aspila Topaz (KTS) v Aspila EX (KTS) |
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Imports : |
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Products : |
Materials |
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Countries : |
·
USA ·
Singapore |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Customers : |
v End Users v Others Banks v
State Bank of v Yes Bank v Deutsche Bank v
Central Bank of v HDFC Bank Limited v ABN Amro Bank Finance
Companies v Kotak Mahindra Group v IL and FS Investment v Motilal Oswal Securities v Karvy Consultants v Dolat Capital Hotels v Sun N Sand Hotels v Radisson Hotel v Pride Hotel v Chola Sheraton v Le Meridien Hotels v Courtyard by Marriott Pharma /
Healthcare Company v Cipla Limited v Sun Pharmaceuticals v IPCA Laboratories v Unichem v Aristro Pharma IT/ ITES
Companies v Wipro Limited v Syntel Software v Progeon (Infosys) v
Intetia South v Intelenet Global v Brainvisa Technologies v Softpro Private Limited Other Corporate
Clients v Mahindra and Mahindra v Ashok Leyland v Jet Airways v Hero Honda v Kodak India Limited v Thomas Cook v Pantaloons v B.M. Birla v Reliance Industries v Cadbury’s India Limited v SREI v Larsen and Toubro |
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No. of Employees : |
300 (Approximately) |
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Bankers : |
v
HDFC Bank Limited, HDFC Bank House, Senapati Bapat
Marg, Lower Parel (West), Mumbai - 400 013, Maharashtra, India v
Dena Bank, Sachivalaya Corner Branch, Mumbai –
400 021, Maharashtra, India |
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Facilities : |
Working Capital / Cash and Credit: Rs. 32.500 Millions
|
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Banking
Relations : |
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Auditors : |
|
|
Name : |
Sanghvi Sanghvi and Sanghvi Chartered Accountants |
|
Address : |
10, La Citadlle, 2nd Floor, 99, |
|
Tel. No.: |
91-22-66333400 |
|
Income-tax
PAN of auditor or auditor's firm : |
AACFS2693D |
CAPITAL STRUCTURE
As on 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
200000 |
Equity Shares |
Rs.100/-each |
Rs.20.000 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
90000 |
Equity Shares |
Rs.100/-each |
Rs.9.000
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 |
|
9.000 |
9.000 |
|
(b) Reserves & Surplus |
|
76.240 |
74.543 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
0.000 |
0.000 |
|
|
|
|
|
|
(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 |
|
0.484 |
0.484 |
|
(d) long-term provisions |
|
3.390 |
3.731 |
|
|
|
|
|
|
(4) Current liabilities |
|
|
|
|
(a) Short term borrowings |
|
0.083 |
16.855 |
|
(b) Trade payables |
|
40.812 |
56.401 |
|
(c) Other current
liabilities |
|
41.577 |
42.080 |
|
(d) Short-term provisions |
|
0.572 |
0.589 |
|
TOTAL |
|
172.158 |
203.683 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
10.496 |
10.633 |
|
(ii) Intangible Assets |
|
0.150 |
0.000 |
|
(iii) Capital
work-in-progress |
|
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.005 |
0.005 |
|
(c) Deferred tax assets (net) |
|
1.541 |
1.509 |
|
(d) Long-term Loan and Advances |
|
0.254 |
0.254 |
|
(e) Other Non-current assets |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
62.099 |
62.813 |
|
(c) Trade receivables |
|
67.849 |
97.459 |
|
(d) Cash and cash
equivalents |
|
15.445 |
8.785 |
|
(e) Short-term loans and
advances |
|
14.319 |
22.225 |
|
(f) Other current assets |
|
0.000 |
0.000 |
|
TOTAL |
|
172.158 |
203.683 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
9.000 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
71.958 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
80.958 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
15.703 |
|
|
2] Unsecured Loans |
|
|
6.400 |
|
|
TOTAL BORROWING |
|
|
22.103 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
103.061 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
12.845 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.470 |
|
|
DEFERRED TAX ASSETS |
|
|
1.347 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
71.174
|
|
|
Sundry Debtors |
|
|
95.135
|
|
|
Cash & Bank Balances |
|
|
8.419
|
|
|
Other Current Assets |
|
|
0.000
|
|
|
Loans & Advances |
|
|
40.895
|
|
Total
Current Assets |
|
|
215.623 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
73.119
|
|
|
Other Current Liabilities |
|
|
31.551
|
|
|
Provisions |
|
|
22.554
|
|
Total
Current Liabilities |
|
|
127.224 |
|
|
Net Current Assets |
|
|
88.399
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
103.061 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
348.855 |
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL (A) |
320.963 |
348.855 |
356.108 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
340.020 |
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL (B) |
315.231 (Including
Financial Expenses) |
340.020 |
342.574 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
|
8.835 |
13.534 |
|
|
|
|
|
|
|
|
|
Less |
INTEREST (D) |
|
1.485 |
2.153 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
5.732 |
7.350 |
11.381 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
2.819 |
3.134 |
3.471 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
2.913 |
4.216 |
7.910 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
1.215 |
1.632 |
2.482 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
1.698 |
2.584 |
5.428 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’
BALANCE BROUGHT FORWARD |
26.046 |
23.462 |
18.034 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
NA |
26.046 |
23.462 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Commission Received |
NA |
0.000 |
1.615 |
|
|
TOTAL EARNINGS |
NA |
0.000 |
1.615 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
18.87 |
28.71 |
60.31 |
|
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|
Particulars |
|
|
31.03.2013 |
|
Sales Turnover (Approximately) |
|
|
350.000 |
Expected Sales (2013-2014): Rs.400.000 Millions
The above information has been parted by Mr. Vaibhav Chaudhary
(Financial Manager)
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
0.53
|
0.74 |
1.52
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.71
|
2.09 |
3.46
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.03
|
0.05 |
0.10
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.00
|
0.20 |
0.19
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.05
|
1.65 |
1.69
|
LOCAL AGENCY FURTHER INFORMATION
SUNDRY CREDITORS
DETAILS:
|
Particulars |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
(Rs. In Millions) |
||
|
Sundry Creditors for Goods and Services |
40.812 |
56.401 |
73.119 |
|
|
|
|
|
|
Total |
40.812 |
56.401 |
73.119 |
|
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 |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
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 |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
Yes |
|
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 |
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 |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
FINANCIAT
HIGHTIGHT
During the year
the company has
achieved turnover of Rs.320.963 Millions in the
current financial year
as against the
turnover of Rs
.348.855 Millions in the
previous financial year, and
during the current
financial year the
company has gained
the net profit
of Rs.1.698 Millions.
UNSECURED LOAN
|
PARTICULARS |
31.03.2012 (Rs.
in Millions) |
31.03.2011 (Rs.
in Millions) |
|
Short-term
borrowings |
|
|
|
Loans and Advances from |
0.083 |
4.850 |
|
|
|
|
|
Total |
0.083 |
4.850 |
FIXED ASSETS
v
Building
v
Plant and Machinery
v
Office Equipments
v
Furniture and Fixtures
v
Vehicle
NEWS
ENKAY
TECHNOLOGIES LAUNCHES UNMATCHED ACCESS CONTROL SYSTEMS RANGE
Mumbai March 19, 2012: Enkay technologies India Private Limited India’s only integrated converged solutions provider has announced the launch of its unmatched range of Access Control Systems. Enkay’s new access control systems are extremely flexible, speedy, scalable and powerful and has single software platform with multiple applications in modular form. It can support from a standalone controller to multi-sites controllers via multi- network architecture.
Enkay’s new access control systems has unparalleled features such as Readers with Tamper Alarm Feature, Programmable communication protocol, Scratch and Corrosion Proof Outdoor Rated Lock, Automatic print of evacuation report in case of fire to name a few, said Mr. Dayal Hemrajani -CMD, Enkay Technologies.
Commenting on the new launch, Mr. Dayal Hemrajani said that our advanced access control systems are designed to offer most reliable, affordable and customized security access solutions for achieving better control and manage of our customer’s property, information and people.
Enkay’s new Access Control Systems are truly scalable, Unique and certainly provides high value world Class Products with Unbeatable Features And Designs. It is compatible to most readers be it RFID proximity, smart card or even biometric readers and it is designed to offer multi-user system with the following friendly features that runs on MS-Window platform.
By utilizing the same hardware and software, it can be
expanded from 1 door to thousands doors system. It also guarantees that all your
investment in our product is well protected for all future upgrade.
Enkay’s one stop solution in Integrated Access Control
systems is comprised of:
• Access Control
• Time and Attendance
• Alarm Monitoring
• Surveillance Integration
• Lift / Elevator Access Management
• Location Tracking and Roll Call Reporting
• Comprehensive Searching Mechanism
Enkay offers a wide range of Electronic security systems and solutions including Access control systems, Entrance control Systems, Under vehicle scanning Systems ,Baggage scanners ,Metal and explosive Detectors, proximity card and biometrics, CCTV surveillance including remote video surveillance, fire alarm systems, smart cards, perimeter protection system and law enforcement products.
About Enkay Technologies India Private Limited
Enkay started its journey as an Enterprise Telephony Solutions provider and have continued to reinvent itself over the years by offering a varied range of integrated communication solutions right from IP Telephony, Contact Centre, Data Networking, IT, Audio visual System Integration, Video Conferencing to Security solutions respectively.
Today we are proud to have achieved the milestones such as completion of 30 successful years in business, Strong patronage of over 50,000 satisfied customers including top companies across all industries, One of the largest service network in the Industry and Strategic Partnerships with Global Leaders such as NEC, Sharp, 3M , VCON, NCR, Extron, Crestron , Axis Communications, Morpho Detection Inc. ,Honeywell. All this is supported by a staff comprising over 300 professionals, a team of 120 trained Service and Network Engineers and a country wide network.
ENKAY TIES UP WITH
THE WORLD LEADER IN POS SOLUTIONS, NCR
Mumbai, India – July 3, 2011: Enkay Technologies has tied up with American technology company NCR, world leader in POS Solutions to offer the most advanced self-service kiosks, point-of-sale terminals, automated teller machines, check processing systems, barcode scanners, and business consumables for the retail, financial, travel, healthcare, food service, entertainment, gaming and public sector industries.
This partnership aims to offer the best-of-breed innovative compact point-of-sale solutions to Indian enterprises. Apart from increasing its product base and leveraging the brand value of Enkay among its existing and potential customers", Enkay’s partnership with NCR will also enhance its competitiveness", said Mr. Dayal Hemrajani, Chairman and Managing Director, Enkay Technologies.
The NCR POS Terminal workstations combine the most recent electronic developments with in-depth research on human physiology and cognitive thinking. They minimize downtime, maximize productivity, improve communications, and reduce operating expenses.
About NCR
NCR Corporation is a global technology company leading how the world connects, interacts and transacts with business. NCR’s assisted- and self-service solutions and comprehensive support services address the needs of retail, financial, travel, healthcare, hospitality, entertainment, gaming and public sector organizations in more than 100 countries.
NCR self-service solutions facilitate 23 billion transactions a year on more than half a million ATMs, kiosks and retail self-checkout terminals. You can Count on NCR point-of-sale (POS) solutions to take your customer interactions to the next level while increasing productivity.
About Enkay Technologies
Enkay Technologies (India) Private Limited is India’s leading converged solutions provider. With nearly three decades of experience and tie-ups with World-Class Partners like NEC, Sharp, VCON, Crestron, Belden, , Axis , Morpho Detection Inc. ,3 M Digital Signage, NCR, Enkay Technologies has developed a wide array of cutting edge products and solutions comprising of Data Networking, IT , IP Telephony, Contact Center, Unified Communications, Audio Visual System Integration, Video conferencing, Security Systems and Solutions
Enkay offers one-stop-shop convenience to its diverse customers having an equally diverse set of requirements, be it a Govt. Offices, PSUs, Large corporate or multi-location enterprise. Enkay has a complete range of products, sales and support capability to meet the convergence needs of the Indian corporate world. Today, Enkay is positioned as an end-to-end Converged Solutions Provider.
Enkay Technologies has offices across all major cities e.g. Mumbai, Bangalore, Delhi, Hyderabad, Ahmedabad, Pune, Chennai and Kolkata supported by a wide distribution network to cover the entire length and breadth of the country. Known for its exemplary service, Enkay is backed by over 300 employees, including 120 highly trained services and networking engineers.
ENKAY TIES UP WITH 3M
DIGITAL SIGNAGE SOLUTIONS
Mumbai, India – June 20, 2011: Enkay Technologies has tied up with world’s leading Digital Signage company 3M Digital Signage to offer the most powerful, dynamic digital signage and interactive kiosk network solutions to the Indian market.
Apart from increasing its product base and leveraging the brand value of Enkay among its existing and potential customers", Enkay’s partnership with 3M Digital Signage Solutions will also enhance it’s competitiveness", said Mr. Dayal Hemrajani, Chairman and Managing Director, Enkay Technologies.
3M Digital Signage product and services have been used to power thousands of digital screens across more than 23 countries worldwide, with a client base covering retail, corporate communications, hospitality, travel, real estate, banking, entertainment and gaming industries.
3M's wide product portfolio is backed by the guarantee of innovation and performance that has made 3M popular with millions all over the world. From a single screen to thousands of displays worldwide, 3M software has the proven scale and reliability to provide you with sustainable digital signage solutions that deliver business results.
Whether you're seeking a single screen execution or a global
network, 3M has the proven scale and reliability to provide you with sustainable
digital signage solutions that deliver real business results Said Mr.
Hemrajani.
About 3M Digital Signage Solutions
A 3M Digital Signage solution can be configured for any business or organization, and setup to be managed exactly the way you want it to be managed. From a low-cost, single screen solution, to a global network driving thousands of screens, 3M can deliver the perfect solution to meet your needs. Today, 3M has over a 100 year track record of being one of the most innovative corporations worldwide. Fact is, half the world's population today enjoys experiencing at least one of 3M's 55,000 products.
About Enkay Technologies
Enkay Technologies (India) Private Limited is India’s leading converged solutions provider. With nearly three decades of experience and tie-ups with World-Class Partners like NEC, Sharp, VCON, Crestron, Belden, , Axis , Morpho Detection Inc. ,3 M Digital Signage, NCR, Enkay Technologies has developed a wide array of cutting edge products and solutions comprising of Data Networking, IT , IP Telephony, Contact Center, Unified Communications, Audio Visual System Integration, Video conferencing, Security Systems and Solutions
Enkay offers one-stop-shop convenience to its diverse customers having an equally diverse set of requirements, be it a Govt. Offices, PSUs, Large corporate or multi-location enterprise. Enkay has a complete range of products, sales and support capability to meet the convergence needs of the Indian corporate world. Today, Enkay is positioned as an end-to-end Converged Solutions Provider.
Enkay Technologies has offices across all major cities e.g.
Mumbai, Bangalore, Delhi, Hyderabad, Ahmedabad, Pune, Chennai and Kolkata
supported by a wide distribution network to cover the entire length and breadth
of the country. Known for its exemplary service, Enkay is backed by over 300
employees, including 120 highly trained services and networking engineers.
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 proeeding 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.59.35 |
|
|
1 |
Rs.92.11 |
|
Euro |
1 |
Rs.78.59 |
INFORMATION DETAILS
|
Information Gathered
by : |
SVA |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--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 |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
37 |
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.