1. Summary Information
|
|
|
Country |
|
|
Company Name |
DELL
INTERNATIONAL SERVICES INDIA PRIVATE LIMITED |
Principal Name 1 |
Mr. Vijay Kumar Bharadwaj |
|
Status |
Good |
Principal Name 2 |
Mr. Suresh Choitram Vaswani |
|
|
|
Registration # |
08-055568 |
|
Street Address |
Plot No. 123,
Epip Phase Ii, Whitefield Industrial Area, Bangaluru-560066, Karnataka, India |
||
|
Established Date |
21.05.1996 |
SIC Code |
--- |
|
Telephone# |
Not Available |
Business Style 1 |
Service Provider |
|
Fax # |
Not Available |
Business Style 2 |
--- |
|
Homepage |
Not Available |
Product / Service Name 1 |
IT Service |
|
# of employees |
Information Decline by management |
Product Name 2 |
--- |
|
Paid up capital |
Rs.
210,568,054/- |
Product Name 3 |
--- |
|
Shareholders |
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident
Indian(s) or Overseas Corporate bodies or Others = 100% |
Banking |
Not Available |
|
Public Limited Corp. |
No |
Business Period |
18 Years |
|
IPO |
No |
International Ins. |
-- |
|
Public |
No |
Rating |
A (62) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Holding Company |
U.S.A. |
Dell International LLC |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2013 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
19,405,900,000 |
Current Liabilities |
2,532,800,000 |
|
Inventories |
0,000 |
Long-term Liabilities |
119,600,000 |
|
Fixed Assets |
4,008,200,000 |
Other Liabilities |
1,331,200,000 |
|
Deferred Assets |
946,000,000 |
Total Liabilities |
3,983,600,000 |
|
Invest& other Assets |
1,536,800,000 |
Retained Earnings |
21,663,900,000 |
|
|
|
Net Worth |
21,913,300,000 |
|
Total Assets |
25,896,900,000 |
Total Liab. & Equity |
25,896,900,000 |
|
Total Assets (Previous Year) |
23,966,400,000 |
|
|
|
P/L Statement as of |
31.03.2013 |
(Unit: Indian Rs.) |
|
|
Total Income |
25,712,500,000 |
Net Profit |
2,598,000,000 |
|
Total Income (Previous yr) |
26,892,700,000 |
Net Profit(Prev.yr) |
2,017,000,000 |
MIRA
INFORM REPORT
|
Report Date : |
08.08.2014 |
IDENTIFICATION DETAILS
|
Name : |
DELL INTERNATIONAL SERVICES INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot No. 123, Epip Phase Ii, Whitefield Industrial Area,
Bangaluru-560066, Karnataka |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
21.05.1996 |
|
|
|
|
Com. Reg. No.: |
08-055568 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 210.568 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74999KA1996FTC055568 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACH1925Q |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Provides Information Technology Services. |
|
|
|
|
No. of Employees
: |
Information Decline by management |
RATING & COMMENTS
|
MIRA’s Rating : |
A (62) |
|
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 |
|
Maximum Credit Limit : |
USD 8700000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Exist |
|
|
|
|
Comments : |
Subject is a well-established company having fine track record. The rating reflects company’s healthy financial risk profile marked by
adequate liquidity position and decent profitability levels of the company. Trade relations are reported as fair. Business is active. Payments are
reported to regular and as per commitment. The company can be considered good for normal business dealings at
usual trade terms and conditions. Note: As per the
director report of 2010, Dell group had acquired Perot all over the world. As
of restructuring business of Dell in India, It is proposed that Perot Systems Business Process Solutions
Private Limited and Dell
International Services India Private Limited (CIN NO.
U72200KA2000PTC027352) Be amalgamated with Perot System TSI India Private
Limited. Further Company is now operating as “DELL INTERNATIONAL SERVICEs INDIA PRIVATE LIMITED” (CIN NO.
U74999KA1996FTC055568). |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
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
N E W S
As per the latest IMF study, the total weigh of emerging markets in the GDP
of the world on a purchasing power parity basis has seen a sizeable shift. It
highlights how as against 51 % in 2005, the emerging economies now account for
close to 56 % of the global purchasing power GDP as per the latest survey. And
with the emerging economies growing at a faster rate than their developed
counterparts, there are every possibility that the their share goes up further
in the coming years. China may surpass the US over the next few years.
Politics and economics are very intricately connected. They tend to
influence each other in ways that could be very complex and far-reaching. The
prospects of the India’s economy have been seriously compromised due to
political corruption. High inflation, poor standard of living are to a great
extent a result of rampant corruption in the country. China on the other hand,
seems to be facing diametrically opposite challenge. American hedge fund
manager Jim Chanos has been keenly following the political and economic
development in the dragon economy and has figured out something that is quite
worrying. He is of the view that the Chinese economy could be heading toward
trouble on account of new Chinese President Xi Jingping’s very aggressive
anti-corruption drive. Chanos believes tat many things such as apartment sales,
luxury products, etc. were largely bought with dirty money. And it is now
beginning to impact consumption. This may indeed be bad news for an economy
that is struggling to transition from an investment-driven export-oriented
economy to a domestic consumption-driven economy.
A study published by Firstpost has revealed that asset classes like real
estate and equities were the biggest beneficiaries of the liberalization
policies. A firm called Ciane Analytics studied returns from assets including
equities, gold, fixed deposits, G-Secs and real estate since 1991. Real estate
outperformed every other asset classes during the 23-year period with an
annualized return of 20 % ! Equities came in second with annualized return of
15.5 % ! However, while these returns may seem mouthwatering, the fact is that
the return from equities adjusted for inflation came down to just 7.1 %.
Some brief news are as under
. R-Power to buy Jaypee’s hydro assets
. Investors await justice in NSEL case
. India seeks MFN status from Pakistan ahead of meeting
. Ukrain’s clashes with rebels hinder MH17 crash investigation
. India exploring merger of state-owned hydro PSUs
..Higher costs weigh down profit growth to slowest in 9 quarters
..Wal-Mart to expand wholesale business in India
. GMR group moves to strengthen balance sheet
. Central Bank to sell 4 % stake to Life Insurance Corporation
. Tata Chemicals plans to raise up to Rs 10000 mn.
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
31-03-2014.
INFORMATION DENIED BY
Management Non Co-operative
Tel No. 91-80-28419110
LOCATIONS
|
Registered Office : |
Plot No. 123, Epip Phase Ii, Whitefield Industrial Area,
Bangaluru-560066, Karnataka, India |
|
Tel. No.: |
Not Available |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
|
|
|
Corporate Office: |
#12/1, Divyasri Green, Inner Ring Road, Domlur, Bangalore-560071,
Karnataka, India |
|
Tel No.: |
91-80-28419110 |
|
Fax No.: |
91-80-25357321 |
|
|
|
|
Factory : |
No. 7, Road No. 2, EPIP, Whitefield, Bangalore-560048, |
|
Tel. No.: |
91-80-8419110 / 8419115 |
|
Fax No.: |
91-80-8412582 |
|
Area : |
25000 sq. ft. |
|
Location : |
Rented |
|
|
|
|
Branches : |
Located at: ·
·
Pune ·
Mumbai, ·
·
|
DIRECTORS
As on 30.09.2013
|
Name : |
Mr. Vijay Kumar Bharadwaj |
||||||||||||||||||||||||
|
Designation : |
Managing Director |
||||||||||||||||||||||||
|
Address : |
87 Palm Meadows, Phase I, Ramgondana Halli, |
||||||||||||||||||||||||
|
Date of Birth/Age : |
16.04.1955 |
||||||||||||||||||||||||
|
Date of Appointment : |
14.09.2010 |
||||||||||||||||||||||||
|
Din No.: |
03177386 |
||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||
|
Name : |
Mr. Suresh Choitram Vaswani |
|
Designation : |
Whole Time Director |
|
Address : |
Adarsh Palm, Retreat Villa, 326 D, Orr International,
Devrabisanahalli, Bengalore-560103, Karnataka, India |
|
Date of Birth/Age : |
02.01.1960 |
|
Date of Appointment : |
11.11.2011 |
|
DIN No.: |
02176528 |
|
S.No. |
CIN/LLPIN |
Name of the Company/ LLP |
Current designation of the Director/ Designated Partner |
Date of appointment at current designation |
Original date of appointment |
Date of cessation |
Company/ LLP Status |
Defaulting status |
|
1 |
L32102KA1945PLC020800 |
WIPRO LIMITED |
Whole-time director |
18-04-08 |
18-04-08 |
31-01-11 |
Active |
NO |
|
2 |
U72200KA2009PLC051272 |
WIPRO AIRPORT IT SERVICES LIMITED |
Director |
22-10-09 |
22-10-09 |
29-01-10 |
Active |
NO |
|
3 |
U74999KA1996FTC055568 |
DELL INTERNATIONAL SERVICES INDIA PRIVATE LIMITED |
Whole-time director |
29-12-11 |
11-11-11 |
- |
Active |
NO |
|
Name : |
Mr. Bangalore Ramamurthy Jagadish |
|
Designation : |
Whole Time Director |
|
Address : |
257, RMV, 2nd Stage, 2nd Block, Sanjay Nagar,
Banglore-560094, Karnataka, India |
|
Date of Birth/Age : |
05.12.1963 |
|
Date of Appointment : |
18.01.2012 |
|
DIN No.: |
05142429 |
KEY EXECUTIVES
|
Name : |
Mr. Ankur Singhal |
|
Designation : |
Secretory |
|
Address : |
H, 126, C Block, UGF, Kilokri Ashram, New Delhi-110014, Delhi, India |
|
Date of Birth/Age : |
18.06.1980 |
|
Date of Appointment : |
10.07.2008 |
|
PAN No. : |
AYSPS1757J |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2013
|
Names of Shareholders |
No. of Shares |
|
Perot Systems TSI (Mauritius) |
55016995 |
|
Dell International LLC |
36200016 |
|
Dell International Holidays VIII B. V. |
16 |
|
Perot Systems Investments B. V. |
14066850 |
|
Perot System B. V. |
150 |
|
TOTAL |
105284027 |
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s),
Non-resident Indian(s) or Overseas Corporate bodies or Others |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Provides Information Technology Services. |
|
|
|
|
Brand Names : |
“DELL” |
GENERAL INFORMATION
|
No. of Employees : |
Information Decline by management. |
||||||||||||
|
|
|
||||||||||||
|
Bankers : |
Not Available |
||||||||||||
|
|
|
||||||||||||
|
Facilities : |
SECURED
LOAN (Rs.
In Millions)
|
|
Banking
Relations : |
--- |
|
|
|
|
Auditors : |
|
|
Name : |
Price Warehouse and Company Chartered Accountants |
|
Address : |
5th Floor, Tower D, The Millenia 1 and 2, Murphy Road,
Ulsoor, Bangalore-560008, Karnataka, India |
|
PAN No.: |
AADFP9359C |
|
|
|
|
Holding Company: |
Dell International |
|
|
|
|
Immediate Holding
Company : |
Perot Systems TSI (Mauritius) Private Limited |
|
|
|
|
Intermediate
Holding Companies : |
Perot Systems TSI (Netherlands) B.V. Perot Systems Investments B.V. Perot Systems Corporation Dell International LLC |
|
|
|
|
Associates/Subsidiaries : |
· Perot Systems TSI (Bermuda) Limited · Perot Systems TSI (Hungary) Limited Liability Company · Perot Systems Applications Solutions, Inc. · Perot Systems (Switzerland) GmbH · Perot Systems TSI (Middle East) FZ-LLC (ceased to be subsidiary w.e.f. October 08, 2012) · Perot Systems (Malaysia) Sdn Bhd · Perot Systems (Singapore) Pte. Ltd (ceased to be subsidiary w.e.f. October 14, 2011) · Perot Systems (Singapore) Pte. Ltd- Australia Branch (ceased to be subsidiary w.e.f. October 14, 2011) · Perot Systems Europe Limited · Perot Systems Corporation · Perot Systems (UK) Limited · Dell Technologies and Solutions Limited · Perot Systems Romania SRL · Perot Systems Shanghai Cons Co · Perot Systems (Germany) GmbH · Solutions Consulting LLC · Bearing Point Management t Consulting · Transaction Application Group · Dell Computer spol. s.r.o. · Dell Computer Services de Mexico · Dell FZ- LLC (UAE) · Dell FZ-LLC - Qatar Branch · Dell Corporation Ltd. (UK) · Dell GmbH (Germany) · Dell SA (Switzerland) · In Site One, Inc · Dell Services Eng Sol Corporation · Perot System Healthcare Services LLC · Perot Systems Healthcare Solution · PS Asia Pacific Hong Kong · Dell Asia Pacific Sydney ., Malaysia (DAP) · Dell AB · Dell Direct, Ireland (DDI) · Dell Products, Ireland (DPI) · Dell BV (Netherlands) · Dell Hong Kong Limited, Hong Kong · Dell Global Business Center Sdn. Bhd. · Dell Canada Inc., Canada (DCI) · Dell Australia Pty Limited, Australia · Dell Services (China) Company Limited · Dell SAS (Moracco) · Dell India Private Limited, India (DIPL) · Dell (Xiamen) Company Limited, China(DXCL) · Dell Global BV Singapore.(DGBV) · Dell Solutions UK Limited (DSU) · Dell Computer (Taiwan) BV, Taiwan (DCT) · Dell Marketing USA L.P., USA (DM) · Dell International Services Philippines, Inc. · Dell Products L.P, USA (DP) · Dell USA L.P, USA (DU) · Dell Financial Services, L.P., USA (DFS) · Perot Systems (Singapore) Pte. Limited (w.e.f. October 15, 2011) · Perot Systems (Singapore) Pte. Limited - Australia Branch (w.e.f. October 15, 2011) |
CAPITAL STRUCTURE
As on 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
105584910 |
Equity Shares |
Rs.02/- each |
Rs. 211.170 Millions |
|
3883018 |
Preference Share |
Rs.10/- each |
Rs. 38.830 Millions |
|
|
|
TOTAL |
Rs. 250.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
105284027 |
Equity Shares |
Rs.02/- each |
Rs. 210.568
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
210.600 |
210.600 |
110.000 |
|
(b) Reserves & Surplus |
21663.900 |
19065.900 |
17048.900 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
38.800 |
38.800 |
139.400 |
|
Total
Shareholders’ Funds (1) + (2) |
21913.300 |
19315.300 |
17298.300 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
119.600 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
39.900 |
|
(c) Other long term liabilities |
0.000 |
0.000 |
916.900 |
|
(d) long-term provisions |
1136.900 |
723.500 |
0.000 |
|
Total Non-current Liabilities (3) |
1256.500 |
723.500 |
956.800 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
930.000 |
1057.000 |
2091.900 |
|
(c) Other current
liabilities |
1602.800 |
2630.000 |
1426.500 |
|
(d) Short-term provisions |
194.300 |
240.600 |
339.300 |
|
Total Current Liabilities (4) |
2727.100 |
3927.600 |
3857.700 |
|
|
|
|
|
|
TOTAL |
25896.900 |
23966.400 |
22112.800 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
3984.300 |
3435.500 |
3674.400 |
|
(ii) Intangible Assets |
23.900 |
18.700 |
25.100 |
|
(iii) Capital
work-in-progress |
832.900 |
401.600 |
130.800 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
703.900 |
703.900 |
703.900 |
|
(c) Deferred tax assets (net) |
946.000 |
904.800 |
1044.100 |
|
(d) Long-term Loan and Advances |
2249.300 |
1925.000 |
3088.400 |
|
(e) Other Non-current assets |
0.000 |
0.200 |
20.200 |
|
Total Non-Current Assets |
8740.300 |
7389.700 |
8686.900 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
0.000 |
0.000 |
0.000 |
|
(c) Trade receivables |
5746.500 |
4599.000 |
4032.300 |
|
(d) Cash and cash
equivalents |
8631.000 |
9014.300 |
5200.700 |
|
(e) Short-term loans and
advances |
403.300 |
1025.300 |
2085.100 |
|
(f) Other current assets |
2375.800 |
1938.100 |
2107.800 |
|
Total Current Assets |
17156.600 |
16576.700 |
13425.900 |
|
|
|
|
|
|
TOTAL |
25896.900 |
23966.400 |
22112.800 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
25,712.500 |
26892.700 |
22709.700 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
21,518.900 |
22351.400 |
19465.100 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
4,193.600 |
4541.300 |
3244.600 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
27.900 |
443.800 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
4,165.700 |
4097.500 |
3244.600 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
1,567.700 |
2080.500 |
-231.300 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
2,598.000 |
2017.000 |
3475.900 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
|
|
Application Solution and Infrastructure Support |
12857.400 |
13621.700 |
11676.400 |
|
|
|
Call Center Services |
6494.400 |
6909.900 |
7577.000 |
|
|
|
Shares Services |
2089.800 |
1954.400 |
1752.100 |
|
|
|
Data Management Services |
1944.200 |
1648.900 |
1500.900 |
|
|
TOTAL EARNINGS |
23385.800 |
24134.900 |
22506.400 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
24.94 |
23.37 |
33.01 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
10.10 |
7.50 |
15.31 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
16.20 |
15.24 |
14.29 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
17.79 |
18.66 |
16.04 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.19 |
0.21 |
0.19 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.01 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
6.29 |
4.22 |
3.48 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
110.000 |
210.600 |
210.600 |
|
Reserves & Surplus |
17048.900 |
19065.900 |
21663.900 |
|
Share Application money
pending allotment |
139.400 |
38.800 |
38.800 |
|
Net
worth |
17298.300 |
19315.300 |
21913.300 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
119.600 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
0.000 |
0.000 |
119.600 |
|
Debt/Equity
ratio |
0.000 |
0.000 |
0.005 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Total Income |
22709.700 |
26892.700 |
25712.500 |
|
|
|
18.419 |
-4.389 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Total Income |
22709.700 |
26892.700 |
25712.500 |
|
Profit |
3475.900 |
2017.000 |
2598.000 |
|
|
15.31% |
7.50% |
10.10% |
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 |
Yes |
|
23] |
Banking Details |
No |
|
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 |
No |
GENERAL INFORMATION
Dell International Services India Private Limited provides a wide range of information technology services commonly referred to as IT & ITES services and business solutions primarily to dell group entities and other customers in the United States of America, East Midland & Europe and Asia Pacific region. The Company offers integrated solutions designed around their specific business objectives, and these services include applications services, business solutions services, infrastructure services, call center services, back office shared services and data management services.
AMALGAMATION
As part of the rationalization of legal entities in India for the Dell group, it is proposed to amalgamate some of the Indian legal entities into Dell International Services India Private Limited (DISIPL), a company incorporated under the Companies Act, 1956, and having its Registered Office at Bangalore in the State of Karnataka. The amalgamation will be through the High Court process and an application to this effect is made on September 18, 2013. The proposed amalgamation helps integrate the business operations resulting in operational efficiency and economic benefits and augurs wells for greater market benefits and increased customer loyalty.
The Appointed date of this amalgamation is April 1, 2013 and the entities that are covered under this scheme of merger are:
i. Dell India Private Limited
ii. Gale Networks Private Limited
iii. Force10 Networks India Private Limited
iv. Wyse Technology Sales & Marketing India Private Limited
v. Wyse Technology Software Development India Private Limited
vi. SonicWALL Infosecurity Private Limited
vii. SonicWALL B.V. - India Branch office
DEMERGER
With an intention to rationalize its business model and to carry on its business more effectively and economically, it is decided by the management of Dell International Services India Private Limited (DISIPL), to transfer the Data Management Services / BPO Services unit to Dell India (Sales & Marketing) Private Limited (DISMPL), a company incorporated in the year 2011 under Companies Act, 1956. The Appointed date of this demerger is April 1, 2013 and the application to the High Court was filed on September 6, 2013.
LITIGATION DETAIL
|
High Court of
Karnataka -Bangalore |
Bench COP 188/2012 |
|||||
|
WOOD KRAFT (INDIA) LIMITED |
Respondent/Defnt.
Name |
DELL INTERNATIONAL SERVICES INDIA PRIVATE LIMITED |
||||
|
Petnr./Appnt.
Advocate |
G S SRINIVAS (NOC) |
Respnt./Defnt.
Advocate |
PRASHANTH POPAT |
|||
|
Date Filed |
07/09/2012 |
Classification |
|
District |
Mysore |
|
|
|
|
|
|
|
|
|
|
|
Last Posted For |
ADMISSION |
|
|
||
|
Last Action Taken |
ADJOURNED |
Last Date of Action |
26/06/2014 |
Next Hearing Date |
||
|
Latest Order |
2 WEEKS TIME GRANTED |
|||||
|
Before Hon'ble
Judge/s |
A.S.BOPANNA |
|||||
INDEX OF CHARGES: NO
CHARGES EXIST FOR THE COMPANY
FIXED ASSETS:
· Land Freehold
· Leasehold Improvements
· Computers Systems
· Machinery and Equipment
· Furniture and Fixtures
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. 61.33 |
|
|
1 |
Rs. 103.43 |
|
Euro |
1 |
Rs. 81.96 |
INFORMATION DETAILS
|
Information Gathered
by : |
KRN |
|
|
|
|
Analysis Done by
: |
PDT |
|
|
|
|
Report Prepared
by : |
ASH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
7 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
7 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
YES |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
62 |
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.