MIRA INFORM REPORT
|
Report Date : |
23.05.2013 |
IDENTIFICATION DETAILS
|
Name : |
JUMBO ELECTRONICS CORPORATION PRIVATE LIMITED (w.e.f. 07.09.2007) |
|
|
|
|
Formerly Known
As : |
LINYTRON ELECTRONICS PRIVATE LIMITED |
|
|
|
|
Registered Office
: |
The International, 5th Floor, 16, New Marine Lines, Cross
Road No. 1, Churchagate, Mumbai-400020, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
21.06.1984 |
|
|
|
|
Com. Reg. No.: |
11-033215 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.500.100
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U32109MH1984PTC033215 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUML05780F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAASCL5308H |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
Subject is
engaged in business of Trading in Consumer Electronics, IT Equipment, Mobiles,
Personal Electronics Items and Allied Accessories. |
|
|
|
|
No. of Employees
: |
150 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (32) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 728000 |
|
|
|
|
Status : |
Moderate |
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|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Litigation : |
Clear |
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|
|
Comments : |
Subject is a subsidiary of Aasman Management Services Private Limited.
It is an established company having moderate track. Even though, the
company has recorded an increase in its sales during 2012, it has incurred
loss. Accumulated losses recorded by the company appears to be increasing
over years. However, trade relations are reported as fair. Business is active.
Payments are reported to be slow. The company can be considered for business dealings with great
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. Dhruv |
|
Designation : |
Accounts Manager |
|
Contact No.: |
91-9910035703 |
|
Date : |
22.05.2013 |
LOCATIONS
|
Registered Office : |
The International, 5th Floor, 16, New Marine Lines, Cross Road
No. 1, Churchagate, Mumbai-400020, |
|
Tel. No.: |
91-22-22033989 / 22033992 / 22001910 |
|
Mobile No.: |
91-9910035703 (Mr. Dhruv) |
|
Fax No.: |
91-22-22065703 / 22083984 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
1500 sq. ft. |
|
Location : |
Owned |
|
|
|
|
Corporate Office : |
Regus Business Centre, S. B. Tower, 5th Floor, Plot No.17,
Sector 16 A, Film City, Noida-201301, Uttar Pradesh, India |
|
Area : |
1500 Sq. ft. |
|
Location : |
Rented |
|
|
|
|
Store Address : |
# 327/B, Great India Palace, 3rd Floor Sector 38A, Noida-201301, Uttar
Pradesh, India |
|
Tel. No.: |
91-120-4221100 / 4233712 |
|
Area : |
5700 Sq. Ft. |
|
Location : |
Leased |
DIRECTORS
AS ON 28.09.2012
|
Name : |
Ms. Vidya Manohar Chhabria |
|
Designation : |
Director |
|
Address : |
Villa no. 19, 342/55A-53A, Alwasi Road, Jumeirah, P O Box 3426, Dubai,
United Arab Emirates |
|
Date of Birth/Age : |
21.10.1948 |
|
Date of Appointment : |
16.08.2007 |
|
DIN No : |
00116233 |
|
|
|
|
Name : |
Ms. Komal Chhabria Wazir |
|
Designation : |
Director |
|
Address : |
|
|
Date of Birth/Age : |
11.08.1972 |
|
Date of Appointment : |
16.08.2007 |
|
DIN No : |
00138111 |
|
|
|
|
Name : |
Ms. Kiran Manohar Chhabria |
|
Designation : |
Director |
|
Address : |
Siddiq Mohamed Ibrahim’s Villa, 342/55A-53A, Alwasl Road, DM 19,
Jumeirah, P.O. Box 3426, Dubai, United Arab Emirates |
|
Date of Birth/Age : |
15.04.1978 |
|
Date of Appointment : |
16.08.2007 |
|
DIN No : |
00413135 |
|
|
|
|
Name : |
Mr. Ravindra Keshav Raje |
|
Designation : |
Alternative Director |
|
Address : |
6, Ashirwad, B.W. Pathare Marg, Shivaji Parks, Dadar (West),
Mumbai-400028, |
|
Date of Birth/Age : |
30.06.1955 |
|
Date of Appointment : |
10.05.2011 |
|
DIN No : |
00112003 |
|
Voter Id No. |
FKT0474650 |
|
|
|
|
Name : |
Mr. Sanjeev Jain |
|
Designation : |
Director |
|
Address : |
207, Mohd. Suhail Bin Owaidan’s Building, Al Sharifi Centre, 318, Al
Karama Area, PO Box 2548, Dubai |
|
Date of Birth/Age : |
05.12.1961 |
|
Date of Appointment : |
30.09.2011 |
|
DIN No : |
00119762 |
KEY EXECUTIVES
|
Name : |
Mr. Dhruv |
|
Designation : |
Accounts Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 28.09.2012
|
Names of Shareholders |
No. of Equity
Shares |
No. of
Preferences Shares |
|
Aasman Management Services Private Limited, India |
10006 |
5000000 |
|
Ravindra Keshav Raje |
8 |
-- |
|
Vidya Manohar Chhabria |
1 |
-- |
|
Bhavika Manohar Godhwani |
1 |
-- |
|
Komal Chhabria |
1 |
-- |
|
Kiran Manohar Chhabria |
1 |
-- |
|
Sheela Bhagwant Raote |
2 |
-- |
|
|
|
|
|
TOTAL
|
10020 |
5000000 |
AS ON 28.09.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Bodies
corporate |
|
99.86 |
|
Directors
or relatives of directors |
|
0.12 |
|
Other |
|
0.02 |
|
TOTAL |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged
in business of Trading in Consumer Electronics, IT Equipment, Mobiles,
Personal Electronics Items and Allied Accessories. |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit |
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|
|
|
Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Customers : |
End Users |
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No. of Employees : |
150 (Approximately) |
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|||||||||||||||||||||
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Bankers : |
HDFC Bank Limited, Branch Sector 62, Noida, Uttar Pradesh, India |
|||||||||||||||||||||
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|||||||||||||||||||||
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Facilities : |
|
|
|
|
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Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
T R Chaddha and Company Chartered Accountants |
|
Address : |
B-30, Connaught Place, Kuthiala Building, New Delhi-110001, India |
|
Tel. No.: |
91-11-43259900 |
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Fax No.: |
91-11-41259930 |
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E-Mail : |
|
|
|
|
|
Holding Company : |
Aasman Management Services Private Limited |
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|
|
|
Associates/ Subsidiaries : |
|
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
5000000 |
Equity Shares |
Rs.10/- each |
Rs.50.000 Millions |
|
5000000 |
Non‐Cumulative Redeemable Optionally
Convertible Preference Shares |
Rs.100/- each |
Rs.500.000 Millions |
|
|
TOTAL
|
|
Rs.550.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
10020 |
Equity Shares |
Rs.10/- each |
Rs.0.100
Million |
|
5000000 |
Non‐Cumulative Redeemable Optionally
Convertible Preference Shares |
Rs.100/- each |
Rs.500.000
Millions |
|
|
TOTAL
|
|
Rs.500.100 Millions |
NOTES:
TERMS/ RIGHTS ATTACHED TO EQUITY SHARES
The company has
only one class of Equity shares having a par value of Rs. 10 per share. Each
holder of equity shares is entitled to one vote per share. The company declares
and pays dividends in Indian Rupee. The dividend proposed by the Board of
Directors (if any) is subject to the approval of the shareholder in the ensuing
Annual General Meeting. In the event of Liquidation of the company, the holder
of equity shares will be entitled to receive remaining assets of the company,
after distribution of all the preferential amounts. The distribution will be in
proportion to the number of the Equity shares held by the shareholders.
TERMS OF REDEMPTION OF 5% NON‐CUMULATIVE REDEEMABLE
OPTIONALLY CONVERTIBLE PREFERENCE SHARES (NCROCP)
The company has
only one class of Preference shares i.e. 5% Non‐Cumulative
Redeemable Optionally Convertible Preference Shares (NCROCP) having a par value
of Rs. 100 per share. These shares are redeemable at the end of ten years from
the date of issue. During the year ended 31 March 2012, the company issued
500,000 NCROCP shares of Rs. 100 each fully paid up (redeemable on 2nd June
2021), in addition to previously issued 4,500,000 NCROCP shares (redeemable on
26th December 2017). These preference shares may be converted into equity
shares, at the option of the Company, any time prior to the redemption date or
on the redemption date. In the event of conversion into equity shares, such
conversion would be effected at a price which is at a discount of 20% to the
fair value of the equity shares of the Company as determined by an independent
valuation. NCROCP shares carry 5% p.a. non‐cumulative
dividends. The company declares and pays dividends in Indian Rupee. The
dividend proposed by the Board of Directors (if any) is subject to the approval
of the shareholder in the ensuing Annual General Meeting. There are no voting
rights attached to NCROCP.
SHARES HELD BY HOLDING/ ULTIMATE HOLDING COMPANY AND/OR THEIR
SUBSIDIARIES/ ASSOCIATES
Out of the total
Equity Shares and Preference shares (NCROCP) issued by the company, details of
shares held by the holding/ultimate holding company and their subsidiaries and
associates are as below:
|
PARTICULAR |
AS ON 31.03.2012 |
|
Aasman
Management Services Pvt. Ltd., the holding company |
|
|
10,006 (31 March
2011: 10,006) Equity shares of Rs.10 each fully paid |
100060 |
|
5,000,000 (31
March 2011: 4,500,000) NCROCP shares of Rs. 100 each fully paid |
50000000 |
DETAILS OF SHAREHOLDER HOLDING MORE THAN 5% SHARES IN THE COMPANY
|
PARTICULAR |
AS ON 31.03.2012 |
|
|
|
No. of Shares |
% Holding |
|
Equity Shares of Rs. 10 each fully paid Aasman Management Services Private Limited [Holding Company] |
10006 |
99.86% |
|
NCROCP Shares of Rs. 100 each fully paid Aasman Management Services Private Limited [Holding Company] |
5000000 |
100.00% |
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 |
500.100 |
450.100 |
450.100 |
|
|
2] Share Application Money |
0.000 |
30.388 |
0.000 |
|
|
3] Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
(317.967) |
(272.915) |
(213.862) |
|
|
NETWORTH |
182.133 |
207.573 |
236.238 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
31.945 |
29.620 |
0.000 |
|
|
2] Unsecured Loans |
80.500 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
112.445 |
29.620 |
0.000 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.487 |
|
|
|
|
|
|
|
|
TOTAL |
294.578 |
237.193 |
236.725 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
94.167 |
68.029 |
73.348 |
|
|
Capital work-in-progress |
3.010 |
6.322 |
2.842 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
66.398 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
187.173
|
141.705 |
87.614
|
|
|
Sundry Debtors |
19.859
|
15.885 |
5.018
|
|
|
Cash & Bank Balances |
43.635
|
38.993 |
16.306
|
|
|
Other Current Assets |
2.377
|
2.870 |
23.396
|
|
|
Loans & Advances |
55.360
|
38.920 |
10.974
|
|
Total
Current Assets |
308.404
|
238.373 |
143.308 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
92.011
|
58.270 |
45.079
|
|
|
Other Current Liabilities |
12.589
|
12.345 |
7.293
|
|
|
Provisions |
6.403
|
4.916 |
1.199
|
|
Total
Current Liabilities |
111.003
|
75.531 |
53.571
|
|
|
Net Current Assets |
197.401
|
162.842 |
89.737
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
4.400 |
|
|
|
|
|
|
|
|
TOTAL |
294.578 |
237.193 |
236.725 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1778.165 |
1070.175 |
767.149 |
|
|
|
Other Income |
11.398 |
8.835 |
10.673 |
|
|
|
TOTAL (A) |
1789.563 |
1079.010 |
777.822 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchase of Stock in Trade |
1614.069 |
995.500 |
|
|
|
|
Employee Benefit Expenses |
57.588 |
41.911 |
|
|
|
|
Other Expenses |
192.505 |
143.278 |
833.737 |
|
|
|
Prior Period Expenses |
0.426 |
0.000 |
|
|
|
|
Changes in Inventories Stock in Trade |
(45.468) |
(54.090) |
|
|
|
|
TOTAL (B) |
1819.120 |
1126.599 |
833.737 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
(29.557) |
(47.589) |
(55.915) |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
1.928 |
1.029 |
0.463 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
(31.485) |
(48.618) |
(56.378) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
13.567 |
10.921 |
13.097 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
(45.052) |
(59.539) |
(69.475) |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.000 |
(0.487) |
(1.975) |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
(45.052) |
(59.052) |
(67.500) |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
NA |
(213.862) |
(146.362) |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
NA |
(272.915) |
(213.862) |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
(4496.00) |
(5893.00) |
(6737.00) |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
(2.52)
|
(5.47) |
(8.68)
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
(2.53)
|
(5.56) |
(9.22)
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(11.19)
|
(19.43) |
(32.07)
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.25)
|
(0.29) |
(0.29)
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.62
|
0.14 |
0.00
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.77
|
3.15 |
2.68
|
LOCAL AGENCY FURTHER INFORMATION
DETAILS OF SUNDRY CREDITORS:
|
Particulars |
31.03.2012 [Rs. in millions] |
31.03.2011 [Rs. in millions] |
31.03.2010 [Rs. in millions] |
|
Sundry Creditors |
92.011
|
58.270 |
45.079
|
|
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 |
Yes |
|
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 |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
Yes |
|
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] |
PAN of Proprietor/Partner/Director, if available |
No |
|
32] |
Date
of Birth of Proprietor/Partner/Director, if available |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
Yes |
|
34] |
External Agency Rating, if available |
No |
BUSINESS REVIEW:
The Company earned
total revenue of Rs 1789.500 Millions during the financial year as against Rs.
1079.000 Millions during the previous year. During the period, the Company
added four new showrooms – one each at Lucknow and Kanpur and two in Pune. The
company now has a total of 11 showrooms in operation. The company has also
booked a few other showroom locations, which are expected to become operational
in the near future.
CORPORATE
INFORMATION:
Subject (Formerly
Linytron Electronics Private Limited) (‘the Company’) was incorporated on 21st
June 1984 in India under the Indian Companies Act, 1956 having its registered
office located at Mumbai. The Corporate office is located in Noida, U.P. The
Company is engaged in business of trading in consumer electronics, IT
equipment, mobiles, personal electronics items and allied accessories.
FIXED ASSETS:
·
Building Stores
·
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PRESS RELEASE
JUMBO ELECTRONICS
ANNOUNCES APPOINTMENT OF VISHESH BHATIA AS NEW CHIEF EXECUTIVE
DUBAI, 3RD
SEPTEMBER 2012
Jumbo Electronics Company Limited (LLC) has announced the appointment of Vishesh L. Bhatia as the company’s new Chief Executive. Bhatia moves into his new role after his retirement from a position in the senior leadership team at the Dubai-based Al Futtaim Group where he was lately responsible for a number of its business verticals including electronics, engineering and real estate businesses.
Having worked in Dubai since 1978, the new role marks his second spell with Jumbo Electronics, having been the company’s Chief Operating Officer from 2001 to 2002, working closely with the charismatic Founder of Jumbo, the late M R Chhabria.
A past President of The Electronics Group,
Dubai, the trade body representing the wider interests of the industry, Vishesh
Bhatia brings with him over three decades of experience in the electronics
distribution and retail markets in the UAE and the wider region. More recently
he was awarded the accolade of Indian CEO of the Year 2012 (Electronics).
Commenting on the new role, he said, ‘I am
indeed honoured to have been invited to lead what is one of the most successful
and well-respected electronics trading groups in the Middle East region. I am
looking forward to working closely with the Shareholders and Supervisory Board
in developing and executing a robust growth strategy for the Jumbo group, while
bringing my wide-ranging business experience to drive operational excellence
and to position the Jumbo enterprise as an Employer of Choice.’
Vidya Chhabria, Chairperson of Jumbo
Electronics, commenting on the appointment said, ‘The expansion of our retail
and distribution network is well underway. Consumer electronics in the region
is expected to grow at a brisk pace and Jumbo is determined to not only defend
its leadership position but to further build on the successes achieved so
far. Vishesh Bhatia has an excellent and
proven track record of orchestrating change and developing a strategic approach
in various lines of businesses’.
JUMBO ELECTRONICS
UNVEILS NEW BRAVIA TELEVISION SERIES
DUBAI, UAE, 12
JUNE, 2012:
- New Bravia introduces superior HDTV
picture quality, realistic 3D and new online possibilities
- Sony BulliSh about its NEW Summer
Lineup: Bravia Alpha, HIFi, Cyber shot, Headphones and Home theatres
Jumbo Electronics, the UAE-based consumer
electronics giant, today unveiled the new BRAVIA® television line-up comprising
two distinct series – the flagship HX series and the mid-level EX series. Each
new model delivers best picture quality and offers a range of features to give
consumers flexibility in choosing the right entertainment solution.
The latest range of BRAVIA TVs was unveiled at
a select media preview held today at Hotel Radisson Blu in Dubai. Also on
preview was the tall summer lineup featuring the latest Bravia Alpha, HIFi,
Cyber shot, Headphones and Home theatres.
The new Sony Bravia series features an
improved picture enhancement technology, X-Reality PRO, which enhances lower
quality signals taking them closer to HD quality, as well as making 2D and 3D
images clearer.
The new HX and EX series also offer more
channels, apps and connectivity options in the online TVs. Moreover, the new
series is packed to look more stylish with newly designed stands and screens.
Sony’s HX855 series carries forward Sony’s
distinctive Monolithic design incorporating Gorilla® Glass by Corning®, making
the screen material thinner, lighter and stronger. Complete with X-Reality PRO
and Motionflow XR 800, the HX855 is a fully Internet-connected television with
built-in 3D, delivering a premium viewing experience. Furthermore, the stylish
design makes the TV a valued addition to the home décor.
On the other hand, consumers wishing to step
into internet-connectivity and Edge LED backlighting will not lose out on
picture quality with Sony’s out-of-the-box Wi-Fi-ready EX650 series. The EX
series uses Motionflow XR 200 processing, delivering superior Full HD 1080p
resolution, and integrates the Clear Resolution Enhancer to provide vivid, clear
and life-like picture.
Rakesh Khanna, Head of Sony, Jumbo Electronics
says: “At Sony, we have always believed that the best part of the TV has been
and will always be — the picture quality. This is where Sony rules the roost
and the new series promises ‘Premium picture’ along with the many additional
features. Each model of the continues our tradition of bringing trailblazing
technology to consumers, allowing them to see the true beauty of whatever it is
they are viewing.”
“Along with the excitement of the ‘Bravia’ launch, we are extremely bullish
about Sony’s summer lineup. We have also introduced a new models of the DSLRs,
SLTs, HIFi audio systems, Cyber Shot, Headphones and Home Theatres”. Added Mr.
Khanna.
The new BRAVIA models offer new enhancements
and additional innovations. Select models incorporate Dynamic Edge LED with
local dimming that deliver brilliant Full HD (1080p) picture with increased
brightness and outstanding contrast, particularly in superior deep blacks.
Sony’s exclusive OptiContrast panel elevates the picture to the front surface
of the TV and creates a dark background for rich, vibrant, high contrast
pictures even in well-lit rooms.
The picture quality is further enhanced with
Sony’s X-Reality PRO and X-Reality digital video processors. The dual-chip
X-Reality PRO optical engine optimizes video sources by utilizing a vast
database of signal patterns and comparing incoming signals with ideal scenes to
display unprecedented detail and astonishingly vibrant colours.
The X-Reality picture engine separates
incoming video into its constituent parts of outline, texture and
colour/contrast, and then applies image enhancements to deliver outstanding
picture. Additionally, Sony’s newest version of Motionflow XR technology
reduces blur caused by quick camera movements, enhancing sharpness and creating
a smoother viewing experience for fast-paced sports and movie programming, as
well as gaming.
From the Sony Entertainment Network portal,
consumers can find a variety of applications for online entertainment and
information such as news, weather, games, and videos from YouTube™ as well as
access to social network.
The DNLA-certified and Wireless LAN built-in
HX models easily connect to and share content from mobile devices and
computers, as well as allow consumers a wide variety of control options via
Sony’s Media Remote and Remote Keyboard apps. Viewers can ‘throw’ a browsed
website from a Smartphone to the BRAVIA for easier viewing. The application
allows control of the web cursor with one thumb, tapping for selecting links,
and pinching in and out to enlarge or shrink the viewable areas. The apps,
available for download from both the Android Market and Apple App Store, also
function as a full remote control with keyboard, allowing easy online content
search and playback.
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.55.52 |
|
|
1 |
Rs.84.09 |
|
Euro |
1 |
Rs.71.67 |
INFORMATION DETAILS
|
Information
Gathered by : |
PLK |
|
|
|
|
Report Prepared
by : |
TPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
- |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
- |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
32 |
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.