MIRA
INFORM REPORT
|
Report Date : |
15.02.2014 |
IDENTIFICATION DETAILS
|
Name : |
UNIFY ENTERPRISE COMMUNICATIONS PRIVATE LIMITED (w.e.f. 18.10.2013) |
|
|
|
|
Formerly Known
As : |
SIEMENS ENTERPRISE COMMUNICATIONS PRIVATE LIMITED |
|
|
|
|
Registered Office
: |
601, 6th Floor, 247 Park, Tower 'B', L.B.S. Marg, Vikhroli
(West), Mumbai – 400083, Maharashtra |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
30.09.2012 |
|
|
|
|
Date of
Incorporation : |
11.01.2007 |
|
|
|
|
Com. Reg. No.: |
11-166937 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.610.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U31908MH2007FTC166937 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMS54870E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAKCS5375F |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Providing convergence communications, video conferencing, call
centre networking, mobility, teleworking and multimedia solutions for
enterprises. |
|
|
|
|
No. of Employees
: |
Information denied by management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (50) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 3100000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a “Siemens Group Company”. It is an established company having satisfactory track record. Performance of the company has improved. There appears no external borrowing
during 2012. Networth of the company is strong. The company receives good operational and financial support from the
group company. Trade relations are reported to be fair. Business is active. Payments are
reported to be regular and as per commitment. The company can be considered normal for business dealings at usual
trade terms and conditions. |
NOTES:
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
INDIAN ECONOMIC OVERVIEW
The services sector, the largest contributor to India’s GDP, contracted for
the sixth consecutive month in December, as orders dipped. However, hiring has
risen. Direct tax collections rose 12.3 % during the April – December
period of the current financial year. The government has decided to
retain 100 per cent foreign direct investment in both greenfield (new) and
brown field (existing) pharmaceutical companies, despite concerns over genetic
drugs going out of production, if multi-national companies take over domestic
ones. In M&A deals, a non compete clause would not be allowed, except in
special circumstances. The Department of Industrial Policy and Promotion plans
to release the next edition of its consolidated foreign direct investment
policy document on March 31, incorporating changes made in the past year. DIPP
compiles all policies related to India’s FDI regime into a single document to
make it easy for investors to understand. 185 million estimated number of
mobile internet users in India by June 2014, according to a report by the
Internet & Mobile Association of India and IMRB International. India
had 110 million mobile internet users with 25 million in rural areas. $3.77 tn
estimated global IT spending in 2014, according to research firm Gartner Inc.
The growth forecast for this year is cut to 3.1 %from the earlier estimate of
3.5 %. The spending growth forecast for telecom services – a segment that
accounts for more than 40 % at total IT spending – from 1.9 per cent to 1.2 per
cent is the main reason for this overall IT cut. A Reserve Bank of India
committee has recommended setting up a special category of lenders who would
cater to small businesses and households, to expand the number of customers
with access to banking services. These banks would focus onproviding payment
services and deposit products. Indian banks want the free use of
automated teller machines to be capped at five transactions in a month
including that of the bank in which the account is active. This follows state
government order to banks to install security guards at ATM booths after a
woman banker was assaulted in Bangalore. The government is likely to present a
vote on Account in mid-February. The annual Economic Survey will be tabled
later in Parliament along with the full Budget. A full Budget for 2014/15 is
likely to be present in July by the new government formed after the General
Election. The government will soon launch an internet spy system, called Netra,
to detect malafide messages. Security agency will deploy the system to capture
dubious voice traffic on applications such as Skype and Google Talk, as well as
tweeters.
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
INFORMATION DENIED
Management Non-Cooperative (Tel No.: 91-22-71447130)
LOCATIONS
|
Registered Office : |
601, 6th Floor, 247 Park, Tower 'B', L.B.S. Marg, Vikhroli
(West), Mumbai – 400083, Maharashtra, India |
|
Tel. No.: |
91-22-71447130 / 71447078 |
|
Fax No.: |
91-22-71447222 / 71447000 |
|
E-Mail : |
chetan.utture@siemens-enterprise.com
|
|
Website : |
|
|
|
|
|
Branch Office : |
Located At
|
DIRECTORS
As on 25.03.2013
|
Name : |
Mr. Anilkumar Prakash Jain |
|
Designation : |
Director |
|
Address : |
7/4, Twinkle Star Society, Ghatla marg, Chembur, Mumbai – 400071,
Maharashtra, India |
|
Date of Birth/Age : |
20.03.1963 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
30.03.2010 |
|
PAN No.: |
AAIPJ4334J |
|
DIN No. : |
02819815 |
|
|
|
|
Name : |
Mr. Roland Max Harzer |
|
Designation : |
Director |
|
Address : |
Erlhausen 10, Weichs, D85258, Germany |
|
Date of Birth/Age : |
30.04.1955 |
|
Date of Appointment : |
04.03.2010 |
|
DIN No.: |
03010392 |
|
|
|
|
Name : |
Mr. Chetan Mahavir Utture |
|
Designation : |
Director |
|
Address : |
B/2, 602, Shubharmbh, Phase 2, Cooperative Society, Tikujiniwadi Road,
Manpada, Near Happy Vally, Thane (West) – v 400610, Maharashtra, India |
|
Date of Birth/Age : |
21.03.1971 |
|
Date of Appointment : |
01.01.2011 |
|
PAN No.: |
AAGPU7947N |
|
DIN No.: |
03359005 |
KEY EXECUTIVES
|
Name : |
Mr. Santosh Veer |
|
Designation : |
Senior Account Executive |
MAJOR SHAREHOLDERS
As on 25.03.2013
|
Names of Shareholders |
No. of Shares |
No. of Shares |
|
EN Overseas Holdings B.V – Netherlands
|
60999999 |
100.00 |
|
EN Germany Holdings B.V. – Netherlands
|
1 |
0.00 |
|
Total |
61000000 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
As on 25.03.2013
|
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 : |
Providing convergence communications, video conferencing, call
centre networking, mobility, teleworking and multimedia solutions for
enterprises. |
||||
|
|
|
||||
|
Products / Services : |
|
GENERAL INFORMATION
|
No. of Employees : |
Information denied by management |
|
|
|
|
Bankers : |
HDFC Bank Limited, HDFC Bank House, Senapati Bapat Marg, Lower Parel,
Mumbai-400013, Maharashtra, India |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Deloitte Haskins and Sells Chartered Accountants |
|
Address : |
12, Dr. Annie Besant Road, opposite Shiv Sagar Estate, Worli,
Mumbai-400018, Maharashtra, India |
|
Tel. No.: |
91-22-66679000 |
|
Fax No.: |
91-22-66679100 |
|
PAN No.: |
AACFD4815A |
|
|
|
|
Holding Company : |
EN Overseas Holdings B.V., Netherlands |
|
|
|
|
Ultimate
Controlling Entity : |
Gores Group LLC, USA |
|
|
|
|
Intermediate
Holding Company : |
· Enterprise Networks Holdings B.V. · EN Germany Holdings B.V., Netherlands · Siemens Enterprise Communications Beteiligungen GmbH & Co. KG, Germany ·
Siemens Enterprise Communications GmbH &
Co. KG, Germany |
|
|
|
|
Fellow Subsidiary :
|
· Siemens Enterprise Communications Limited, Hong Kong · Siemens Enterprise Communications N. V., Belgium · Siemens Enterprise Communications Limited, United Kingdom · Siemens Enterprise Communications, Inc., USA · Enterasys Networks Distribution Limited, Ireland · Enterprise Networks Holdings, Inc, USA |
CAPITAL STRUCTURE
As on 25.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
62000000 |
Equity Shares |
Rs.10/- each |
Rs.620.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
61000000 |
Equity Shares |
Rs.10/- each |
Rs.610.000 Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
30.09.2012 |
30.09.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
610.000 |
610.000 |
|
(b) Reserves & Surplus |
|
149.400 |
149.400 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
776.100 |
759.400 |
|
|
|
|
|
|
(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 |
|
6.800 |
7.900 |
|
(d) long-term provisions |
|
12.900 |
14.400 |
|
Total Non-current Liabilities (3) |
|
19.700 |
22.300 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
0.000 |
0.000 |
|
(b) Trade payables |
|
306.500 |
246.200 |
|
(c) Other current
liabilities |
|
217.100 |
164.200 |
|
(d) Short-term provisions |
|
124.600 |
142.000 |
|
Total Current Liabilities (4) |
|
648.200 |
552.400 |
|
|
|
|
|
|
TOTAL |
|
1444.000 |
1334.100 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
|
|
|
(ii) Intangible Assets |
|
16.900 |
17.500 |
|
(iii) Capital
work-in-progress |
|
0.000 |
87.400 |
|
(iv)
Intangible assets under development |
|
0.200 |
0.200 |
|
(b) Non-current Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
|
57.100 |
49.000 |
|
(d) Long-term Loan and Advances |
|
32.200 |
40.800 |
|
(e) Other Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current Assets |
|
106.400 |
194.900 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
159.300 |
114.400 |
|
(c) Trade receivables |
|
741.400 |
541.000 |
|
(d) Cash and cash
equivalents |
|
376.700 |
416.200 |
|
(e) Short-term loans and advances |
|
47.400 |
53.600 |
|
(f) Other current assets |
|
12.800 |
14.000 |
|
Total Current Assets |
|
1337.600 |
1139.200 |
|
|
|
|
|
|
TOTAL |
|
1444.000 |
1334.100 |
|
SOURCES OF FUNDS |
|
|
30.09.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
610.000 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
63.219 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
673.219 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
0.000 |
|
|
2] Unsecured Loans |
|
|
0.000 |
|
|
TOTAL BORROWING |
|
|
0.000 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
673.219 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
211.516 |
|
|
Capital work-in-progress |
|
|
0.354 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERRED TAX ASSETS |
|
|
41.311 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
92.334
|
|
|
Sundry Debtors |
|
|
624.204
|
|
|
Cash & Bank Balances |
|
|
316.996
|
|
|
Other Current Assets |
|
|
7.912
|
|
|
Loans & Advances |
|
|
73.346
|
|
Total
Current Assets |
|
|
1114.792 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
443.382
|
|
|
Other Current Liabilities |
|
|
31.287
|
|
|
Provisions |
|
|
220.085
|
|
Total
Current Liabilities |
|
|
694.754 |
|
|
Net Current Assets |
|
|
420.038
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
673.219 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
30.09.2012 |
30.09.2011 |
30.09.2010 |
||
|
|
SALES |
|
|
|
||
|
|
|
Income |
|
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
|
TOTAL |
2332.800 |
2032.900 |
1814.970 |
|
|
|
|
|
|
|
||
|
|
EXPENSES |
|
|
|
||
|
|
|
Cost of Materials Consumed |
|
|
|
|
|
|
|
Employee Benefits Expenses |
|
|
|
|
|
|
|
Other Expenses |
|
|
|
|
|
|
|
TOTAL |
2138.900 |
1897.500 |
1716.260 |
|
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE TAX |
193.900 |
135.400 |
98.700 |
||
|
|
|
|
|
|
||
|
|
TAX |
70.900 |
49.200 |
38.910 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
AFTER TAX |
123.000 |
86.200 |
59.790 |
||
|
|
|
|
|
|
||
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
||
|
|
|
Direct Sales on FOB basis |
51.300 |
18.700 |
26.883 |
|
|
|
|
Commission Earnings |
31.200 |
27.400 |
28.973 |
|
|
|
|
Service charges and others |
10.000 |
10.400 |
6.446 |
|
|
|
TOTAL EARNINGS |
92.500 |
56.500 |
62.302 |
||
|
|
|
|
|
|
||
|
|
IMPORTS |
|
|
|
||
|
|
|
Stores & Spares |
899.500 |
810.700 |
0.000 |
|
|
|
|
Finished Goods |
0.000 |
0.000 |
611.099 |
|
|
|
|
Capital Goods |
3.700 |
0.400 |
2.466 |
|
|
|
TOTAL IMPORTS |
903.200 |
811.100 |
613.565 |
||
|
|
|
|
|
|
||
|
|
Earnings Per
Share (Rs.) |
2.02 |
1.41 |
0.98 |
||
KEY RATIOS
|
PARTICULARS |
|
30.09.2012 |
30.09.2011 |
30.09.2010 |
|
PAT / Total Income |
(%) |
5.27 |
4.24 |
3.29 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
13.98 |
11.31 |
7.44 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.25 |
0.18 |
0.15 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.06 |
2.06 |
1.60 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
30.09.2010 |
30.09.2011 |
30.09.2012 |
|
|
Rs.
In Millions |
Rs. In
Millions |
Rs.
In Millions |
|
Share Capital |
610.000 |
610.000 |
610.000 |
|
Reserves & Surplus |
63.219 |
149.400 |
149.400 |
|
Net
worth |
673.219 |
759.400 |
759.400 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
0.000 |
0.000 |
0.000 |
|
Debt/Equity
ratio |
0.000 |
0.000 |
0.000 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
30.09.2010 |
30.09.2011 |
30.09.2012 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Total Income |
1814.970 |
2032.900 |
2332.800 |
|
|
|
12.007 |
14.752 |
NET PROFIT MARGIN
|
Net
Profit Margin |
30.09.2010 |
30.09.2011 |
30.09.2012 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs. In
Millions |
|
Total
Income |
1814.970 |
2032.900 |
2332.800 |
|
Profit |
59.790 |
86.200 |
123.000 |
|
|
3.29% |
4.24% |
5.27% |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS NOT AVAILABLE
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact
person |
No |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
----------- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details
(if applicable) |
No |
|
21] |
Market information |
---------- |
|
22] |
Litigations that the firm
/ promoter involved in |
---------- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
No |
|
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 |
Note: The registered
office of the company has been shifted from 130, Pandurang Budhkar Marg,
Worli, Mumbai-400018, Maharashtra, India to the present address w.e.f.
11.03.2013
BACKGROUND
The Company was incorporated on January 11, 2007. The Company commenced operations on August 1, 2007. The Company purchased the Information and Communications (Com EN) division of Siemens Limited with effect from August 1, 2007.
OPERATIONS:
For FY 2011-12, turnover of the company increased to Rs.2289.500 Millions from that of Rs.2001.200 Millions in the previous year. This shows impressive growth of 14.39% YoY. Profit before tax rose to Rs.193.900 Millions from that of Rs.135.400 Millions for current financial year registering whooping growth. This substantial improvement in PBT is attributed to various cost cutting measures initiated by the company during the year. Net profit after tax surged to Rs.123.000 Millions as compared to Rs.86.200 Millions in the previous year. Overall, the company has made substantial improvement on the financial front.
The success they achieved during fiscal 2012 confirms that
they are on the right track. They have been able to create value for their
customers and forge partnerships for mutual growth and prosperity. Their
customers have placed their confidence in their products, services and
solutions, for which they are thankful to them. The trend that they see very
clearly is that sustainable business is the new mantra within their
organization as well as with their customers, partners and suppliers. Hence,
their focus for the near future will be on sustainable and capital efficient
growth.
FUTURE OUTLOOK:
Enterprise Communication market in India is showing a slowdown in the
compared to previous year but there is a major shift in technology and customer
demands. The overall market would still grow at 14% per annum but due to the change
in technology and customer demand they are better poised to capture a larger
part of this market demand. VoIP will continue to grow at faster pace coupled
with Unified communication. Major markets in India which was traditionally TDM
centric is fast changing to IP deployment due to the sheer benefits of Unified
Communication, ease of deployment and a faster ROI. Applications are taking
center stage in voice platform decisions. Company has one of the strongest
portfolios in IP & UC along with technical, System integration and project
management skill set to address this market opportunity where the customer is
now looking for one stop shop for its entire wired, wireless and UC application
needs.
Mobility is no more a like to have but a must have facility in
communication portfolio. This results in integration of office communication
system with the mobile network so that 100% seamless communication of not only
voice but presence, IM and web collaboration is possible on the go. BYOD is the
way ahead which puts a demand on corporate security and they at SECPL have the
required solution to ensure smooth deployment at customer premises.
Excellent growth in Data Networking & Security market is well
addressed by its Enterasys data infrastructure portfolio and the newly
introduced Enterasys 800 series it is the best fit for this growing market.
Company is addressing this market opportunity with reseller network as well as
large system integration projects. Also to fill the portfolio gap they have a
strategic agreement with Juniper Networks to address a larger section of the
data market. The Data network market is undergoing a high growth path due to
the revamp of existing low bandwidth data networks with Gigabit to the desk
requirement to ensure triple play services at the desk.
Video conferencing has shown highest growth in adoption. The market can
be addressed as standalone Videoconferencing / Telepresence solutions as well
as part of integrated UC portfolio. These solutions will be more in demand now
as businesses are looking for cost cutting on travel expenses and earn carbon
credits. Natural extension to video conferencing business is Audio / Video
integration business and Company has the required technology tie ups and in
house skill set to address these system integration opportunities.
Specialized Vertical solutions for industries are in demand. Company has
dedicated solutions for Banking Industry and Hospitality Industry and they will
be addressing this specific market segment. Most of the service market is still
around Lifecycle services. Professional services market is still nascent and
very much scattered. Managed Services is substantially large market but focused
only on FMS & Data / Server managed services. No vendor in the market
offers managed services for Voice platforms. Company has also started
activities to offer Professional Services like Network Audit, trainings etc.
Cloud services are still emerging. Private Cloud for Enterprise Communication
is more interesting for many large enterprise customers and most of the cloud
investments will be in Private Clouds. Company has end to end offering to
address these Hosted communication business opportunities via service
providers.
Company has evolved over the past years from a pure voice centric player
to an end to end Solution Provider and a true system integrator with strong
project management capabilities. This has enabled the company to execute end to
end solution encompassing voice, video, data, & security bundled with array
of services.
Customer communication requirements are becoming complex with demand for
99.999 availability and integration of their changing business processes to the
communication infrastructure to improve employee productivity and reduce cost.
Company with its emerging UC portfolio and mobility solutions along with system
integration skills and business process knowledge is well positioned to address
this fast growing and changing customer demand
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10155246 |
01/08/2013
* |
420,000,000.00 |
HDFC
BANK LIMITED |
HDFC
BANK HOUSE SENAPATI BAPAT MARG, LOWER PAREL West, MUMBAI, Maharashtra -
400013, INDIA |
B8320837 |
*Date of modification Charges
FIXED ASSETS:
- Goodwill
- Technical
Know-how
- Commercial
rights
- Computers
- Tools and
Test Equipment
- Office
Equipment
PRESS RELEASES
INVOXIA AND SIEMENS ENTERPRISE COMMUNICATIONS SUPPORT ANYWHERE WORKERS WITH
AUDIO DOCKING STATION USING OPENSCAPE MOBILITY
June 25, 2013
Invoxia joins Siemens Enterprise Communications Technology Partner Program supporting seamless mobile UC solutions in the office, conference rooms or home office
In a move to address the growing enterprise demand for solutions that integrate with consumer devices, Invoxia, a high-tech company specializing in quality telecommunication devices, and Siemens Enterprise Communications, a leading global provider of Unified Communications, today announced Invoxia's docking station now supports Siemens Enterprise Communications' OpenScape Mobility solutions. This makes it easier for today's "anywhere worker" to seamlessly use mobile UC applications on their preferred device, with advanced sound quality in any environment – at a desk, in a conference room or working from home.
OpenScape Mobility solutions provide users with VoIP, Video and comprehensive UC capabilities together with a next generation user experience via a single mobile application. With the Audioffice docking unit from Invoxia, a wide range of smartphones and tablets can be easily connected via Bluetooth, enabling users to manage incoming and outgoing calls, participate in conference calls and enjoy easy access to all of their contacts. Plus, with OpenScape Mobility's innovative Call Swipe Feature, users can easily move calls from the Invoxia docking station to any device on any network and back, all while maintaining superior HD sound quality.
Invoxia has also joined Siemens Enterprise Communications' Technology Partner Program, which enables vendors to achieve and prove compatibility with the open interfaces of OpenScape solutions via access to product specifications and a framework for interoperability-testing. As a Technology Partner Program member, Invoxia has worked closely with Siemens Enterprise Communications developers to ensure optimum interoperability of Audioffice with the OpenScape Mobility solutions. This assures customers the solutions will work seamlessly and reliably together.
The Audioffice's design enables customers to participate in conversations with an unmatched quality of sound. Invoxia has developed sophisticated algorithms which enable users to benefit from the full potential of 'In Vivo Acoustic' technology with an inbuilt system which eliminates echoes and background noise in order to achieve high quality phone calls. A key advantage of this technology is that hands free telephony becomes more enjoyable and comfortable, whilst an optional corded handset is also provided which offers people the opportunity to enjoy one-to-one conversations.
The new Audioffice offers a seamless solution because connecting it to mobile devices is very easy; it can be automatically paired via Bluetooth. Thanks to the dedicated removable holder and three USB adapter options, it is also possible to connect and charge any device such as tablets or smartphones using USB connectivity.
JABRA AND SIEMENS ENTERPRISE COMMUNICATIONS TO PROVIDE SEAMLESS MOBILE
UC
Jabra headset is the
first to support OpenScape Mobile Call Swipe feature to easily move UC
conversations among laptop, desk phone and mobile device
(COPENHAGEN, DENMARK, 29 May, 2013) – Jabra, a world leader in hands-free audio solutions, and Siemens Enterprise Communications, a leading global provider of Unified Communications, today announced that the latest Jabra Bluetooth® headset will support Siemens Enterprise Communications’ OpenScape Mobile Call Swipe feature, making it easier and faster for users to seamlessly switch from one device to another without losing connection or switching headsets.
The OpenScape Mobile Call Swipe feature allows the user, with a simple swipe, to move their voice conversations from an office phone or laptop to a mobile device and back again, making the user truly mobile. Through this strategic partnership, Jabra and Siemens Enterprise Communications have collaborated to integrate Jabra headsets and mobile devices into the OpenScape platform so customers can be sure that their unified communication solution delivers the optimal sound quality, offers the opportunity for a faster user adoption and easier deployment.
“Breakthroughs in the league of OpenScape Call Swipe are not something we see every day, even in this innovative and high-tech industry, “says Holger Reisinger, Jabra Vice President of Marketing, Products and Alliances. “OpenScape Call Swipe is one of the few features we have seen appear in recent years, which is solving a longstanding, low-tech challenge for mobile workers, moving from the office to the car without having to interrupt the call to change device. – Call Swipe deserves to become industry standard.”
When moving from one environment to the other, users need crystal clear sound and reliable connections. Featuring the latest and intelligent motion technology, the Jabra MotionTM UC allows users to communicate easily, both in the office and on the go. The built-in motion sensors react to even the slightest movements, adjusting the volume to the surroundings and enabling an intuitive call control – by automatically answering the call when picked-up.
“This collaboration with Jabra provides customers an excellent headset option
for superior audio quality and connections when using OpenScape Mobile,” said
Randy Roberts, Vice President, Mobile Portfolio, Siemens Enterprise
Communications. “For both audio-only and video enabled communications,
OpenScape Mobile and Jabra make it easy for users to enjoy true mobility.”
In March of 2013, OpenScape Mobile and the Jabra Motion UC headset were both nominated finalists for the ‘Best of Enterprise Connect Award 2013’.
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.62.28 |
|
|
1 |
Rs.103.67 |
|
Euro |
1 |
Rs.85.18 |
INFORMATION DETAILS
|
Information Gathered
by : |
HTL |
|
|
|
|
Report Prepared
by : |
VNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
|
|
|
|
TOTAL |
|
50 |
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.