MIRA INFORM REPORT

 

IDENTIFICATION DETAILS

 

Name :

NEC INDIA PRIVATE LIMITED

 

 

Country :

India

 

 

Financials (as on) :

31.03.2013

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

DELN07919C

 

 

PAN No.:

[Permanent Account No.]

AACCN3496J

 

 

Legal Form :

Private Limited Liability Company

 

 

No. of Employees :

Not Divulged

 

 

BUSINESS DETAILS

 

Line of Business :

Selling and Marketing of NEC IT products and solutions and trading and providing installation, commissioning, integration etc. and other services related to the telecommunication sector.

 

OPERATIONS:

 

GENERAL INFORMATION

 

No. of Employees :

Not Divulged

 

 

Bankers :

Not Available

 

 

Facilities :

UNSECURED LOANS

31.03.2012

(Rs. in Millions)

Short-Term Borrowings

 

 

 

Other loans and advances

15.104

 

 

Total

15.104

 

 

 

Banking Relations :

 

 

 

Auditors :

B.S.R. and Company

Chartered Accountants

Name :

Building No.10, 8th Floor, Tower B, DLF Cyber City, Phase - II, Gurgaon – 122002, Haryana, India

Address :

91-124-2549191

Tel. No.:

91-124-2549101

Fax No.:

AAAFB2345S

 

 

Holding Company :

NEC Asia Pacific Pte. Limited (Holding company w.e.f. 24 May 2012)

NEC Corporation, Japan

 

 

Ultimate Holding Company :

NEC Corporation, Japan

 

 

Fellow Subsidiaries :

NEC Corporation, Japan

NEC Asia Pacific Pte. Limited (formerly NEC Asia Pte. Limited)

NEC Australia Pty. Limited

NEC Communication Systems Limited

NEC Corporation (Thailand) Limited

NEC Corporation of America

NEC Corporation of Malaysia Sdn. Bhd

NEC Corporation Software

NEC Display Solutions Europe GMBH

NEC Display Solutions Limited

NEC Engineering Limited

NEC Europe Limited

NEC HCL System Technologies Limited

NEC Hong Kong Limited

NEC Informatec Systems Limited

NEC Infrontia Corporation

NEC Infrontia Thai Limited

NEC Learning Limited

NEC Logistics (Thailand) Company, Limited

NEC Logistics Singapore Pte Limited

NEC Nederland B.V.

NEC Networks & System Integration

NEC Philippines, Inc.

NEC Platform Technologies, Hong Kong Limited

NEC Professional Support Limited

NEC Soft (Jinan) Company, Limited

NEC Taiwan Limited

NEC Technologies India Limited

NEC Unified Solutions

NESIC Thailand Limited

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

As on: 30.09.2013

 

Names of Shareholders

 

 

No. of Shares

NEC Asia Pacific Pte. Limited, Singapore

 

120939338

NEC Corporation, Japan

 

24760000

 

 

 

Total

 

145699338

 

 

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

1456.993

466.000

304.000

(b) Reserves & Surplus

(154.893)

171.783

167.408

(c) Money received against share warrants

0.000

0.000

0.000

 

 

 

 

(2) Share Application money pending allotment

0.000

990.993

0.000

Total Shareholders’ Funds (1) + (2)

1302.100

1628.776

471.408

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

0.000

0.000

0.000

(b) Deferred tax liabilities (Net)

0.000

0.000

0.000

(c) Other long term liabilities

12.882

0.000

0.000

(d) long-term provisions

13.412

10.509

7.124

Total Non-current Liabilities (3)

26.294

10.509

7.124

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

0.000

15.104

107.552

(b) Trade payables

1042.936

735.066

812.467

(c) Other current liabilities

135.223

65.638

110.855

(d) Short-term provisions

6.432

3.558

3.443

Total Current Liabilities (4)

1184.591

819.366

1034.317

 

 

 

 

TOTAL

2512.985

2458.651

1512.849

 

 

 

 

II.    ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

164.337

71.583

29.473

(ii) Intangible Assets

3.255

0.118

0.003

(iii) Capital work-in-progress

0.000

0.000

0.000

(iv) Intangible assets under development

0.000

0.000

0.000

(b) Non-current Investments

0.000

0.000

0.000

(c) Deferred tax assets (net)

0.000

15.417

15.049

(d) Long-term Loan and Advances

245.591

166.036

66.453

(e) Other Non-current assets

0.000

0.000

0.000

Total Non-Current Assets

413.183

253.154

110.978

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

236.627

148.664

106.666

(c) Trade receivables

1004.606

1050.658

1160.888

(d) Cash and cash equivalents

781.611

954.506

84.271

(e) Short-term loans and advances

64.739

51.071

47.037

(f) Other current assets

12.219

0.598

3.009

Total Current Assets

2099.802

2205.497

1401.871

 

 

 

 

TOTAL

2512.985

2458.651

1512.849

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2013

31.03.2012

31.03.2011

 

SALES

 

 

 

 

 

Income

 

 

 

Other Income

 

 

 

 

 

TOTAL                                    

2305.000

1957.620

1855.291

 

 

 

 

 

Less

EXPENSES

 

 

 

 

 

TOTAL                                    

2616.000

1948.155

1810.341

 

 

 

 

 

 

PROFIT BEFORE TAX

(311.000)

9.465

44.950

 

 

 

 

 

Less

TAX                                                                 

15.677

5.089

19.579

 

 

 

 

 

 

PROFIT AFTER TAX

(326.677)

4.376

25.371

 

 

 

 

 

 

EARNINGS IN FOREIGN CURRENCY

866.000

364.511

261.655

 

 

 

 

 

 

Earnings Per Share (Rs.)

2.24

0.09

0.83

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B (26)

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

 

 

Payment Behaviour :

Slow but correct

 

 

Litigation :

Clear

 

 

RBI DEFAULTERS’ LIST STATUS

 

Subject’s name is not enlisted as a defaulter in the publicly available RBI Defaulters’ list.

 

LOCATIONS

 

Registered Office :

Unit No. 1, 2nd Floor, TDI Centre, Commercial Plot No. 7, Jasola, New Delhi – 110025, India

Tel. No.:

91-11-61101000

Fax No.:

91-11-61101177

E-Mail :

mayurbatra_ca@rediffmail.com

Website :

http://www.in.nec.com

 

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