1. Summary Information
|
|
|
Country |
India |
|
Company Name |
Nokia Solutions and
Networks India Private Limited |
Principal Name 1 |
Mr. Sanjay Ajmera |
|
Status |
Good |
Principal Name 2 |
Mr. Sunil Sayal |
|
|
|
Registration # |
55-155149 |
|
Street Address |
1507, Regus Business Centre, Eros Corporate Towers, Level 15, Nehru
Place, New Delhi – 110019, India |
||
|
Established Date |
01.11.2003 |
SIC Code |
-- |
|
Telephone# |
Not Available |
Business Style 1 |
Manufacturing |
|
Fax # |
Not Available |
Business Style 2 |
Trading |
|
Homepage |
-- |
Product Name 1 |
Telecommunication Network Equipments |
|
# of employees |
Not Available |
Product Name 2 |
Providing Related Installation Services |
|
Paid up capital |
Rs.2099,660,000/- |
Product Name 3 |
Providing Network Management |
|
Shareholders |
Foreign holdings- 100% |
Banking |
Not Available |
|
Public Limited Corp. |
No |
Business Period |
10 years |
|
IPO |
No |
International Ins. |
-- |
|
Public |
No |
Rating |
A (64) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Fellow
Subsidiary |
-- |
Nokia India Private Limited |
-- |
|
Note |
-- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2013 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
39,609,200,000 |
Current Liabilities |
32,922,700,000 |
|
Inventories |
5,710,900,000 |
Long-term Liabilities |
0,000 |
|
Fixed Assets |
4,832,200,000 |
Other Liabilities |
3,288,300,000 |
|
Deferred Assets |
2,511,000,000 |
Total Liabilities |
36,211,000,000 |
|
Invest& other Assets |
466,400,000 |
Retained Earnings |
14,819,000 |
|
|
|
Net Worth |
16,918,700,000 |
|
Total Assets |
53,129,700,000 |
Total Liab. & Equity |
53,129,700,000 |
|
Total Assets (Previous Year) |
42,321,000,000 |
|
|
|
P/L Statement as of |
31.03.2013 |
(Unit: Indian Rs.) |
|
|
Sales |
77,198,700,000 |
Net Profit |
7,880,200,000 |
|
Sales(Previous yr) |
66,469,200,000 |
Net Profit(Prev.yr) |
1,940,100,000 |
MIRA
INFORM REPORT
|
Report Date : |
06.01.2014 |
IDENTIFICATION DETAILS
|
Name : |
NOKIA SOLUTIONS AND NETWORKS INDIA PRIVATE LIMITED (w.e.f. 01.10.2013 |
|
|
|
|
Formerly Known
As : |
NOKIA SIEMENS NETWORKS PRIVATE LIMITED (w.e.f. 31.03.2007) NOKIA NETWORKS INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
1507, Regus Business Centre, Eros Corporate Towers, Level 15, Nehru
Place, New Delhi – 110019 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
01.11.2003 |
|
|
|
|
Com. Reg. No.: |
55-155149 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.2099.700 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U72900DL2006PTC155149 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCN3871F |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
The Company is
engaged in the business of manufacturing and trading of telecommunication
network equipments, providing related installation services, providing
network management and other support services. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
A (64) |
|
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 68000000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a subsidiary of Nokia Siemens Networks BV Netherland. It is well established and reputed company having fine track record. The company is progressing well.
Networth of the company is good. No external borrowings recorded during
current year. The company receives good support from its group company. Financial position of the company appears to be sound. Directors are
reported to be experienced and respectable businessman. Trade relations are reported as fair. Business is active. Payments are
reported to be regular and as per commitments. The company can be considered good for any normal 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.
ECGC Country Risk Classification List – September 30, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
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
Uptick in
agriculture and construction spread some cheer as the economy grew a
higher-than-expected 4.8 % in the three months through September. Manufacturing
rose an annual rate per cent during the quarter and mining fell by 0.4 %,
government data showed while farm output rose 46%.
India has emerged as
the most attractive investment destination, thanks to a relaxation in foreign
direct investment norms, says a report. India is followed by Brazil and China
in the ranking part of EY’s Capital Confidence Barometer report based on a
survey across 70 nations. The US, France and Japan have emerged as the top
three investors likely to invest in India.
India has been ranked
83rd globally in terms of talent competitiveness of its human
capital. Switzerland, Singapore, Denmark, Sweden and Luxembourg are the
top five in the list of 103 nations compiled by INSEAD business school.
Tax rates for companies
in India are among the highest in the world and the number of payments is also
more than the global average putting the country at low, 158th rank
on the Paying Taxes. 2014 list by the World Bank and PWC. However, the time
taken for tax payments is relatively less in India which is rated ahead of
China and Japan.
1 billion smartphone
shipments in 2013, a 39.3 % growth over 2012. This was being driven by low cost
computing in emerging markets. By 2017, total smartphone shipments are expected
to approach 1.7 billion units, resulting in a compound annual growth rate of
18.4 % between 2013 and 2017, according to research from IDC.
20 % vacancy rate of
office space in Mumbai and Delhi in the third quarter, the highest in Asia
after Chengdu, in China. According to Cushman and Wakefield, six Indian cities
are among the 10 office markets with the worst vacancies.
Foreign banks will
not have to pay stamp duty and capital gains tax, if they convert their branch
operations into a wholly owned subsidiary, according to the Reserve Bank of
India.
The Reserve Bank of
India is planning to launch CPI – indexed bonds aimed to protecting the savings
of retail investors from the impact the price rise by December end.
Central Bureau of
Investigation has booked State Bank of India, Deputy Managing Director Shyamal
Acharya and others in a graft case related to distribution of a loan of over Rs
4000 mn. Gold and jewellery worth Rs 6.7 mn have been recovered from the
residence of Acharya.
RBI DEFAILTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAILTERS’ 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 DECLINED BY
|
Name : |
Ms. Laxmi Maragoda |
|
Designation : |
Finance Manager |
|
Contact No.: |
91-9008003658 |
|
Date : |
20.12.2013 |
LOCATIONS
|
Registered Office : |
1507, Regus Business Centre, Eros Corporate Towers, Level 15, Nehru
Place, New Delhi – 110019, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9008003658 (Ms. Laxmi Maragoda) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
|
|
|
Branch Office : |
LS Manyata Embassy Business Park, Nagaware, Bangalore - 560045
Karnataka, India |
DIRECTORS
(AS ON 28.09.2013)
|
Name : |
Mr. Sanjay Ajmera |
|
Designation : |
Director |
|
Address : |
701, T-6 Sohna Road, Near Omax Mall, Orchid Petals, Sohna Road,
Gurgaon – 122002, Haryana, India |
|
Date of Birth/Age : |
31.01.1973 |
|
Date of Appointment : |
11.05.2010 |
|
DIN No.: |
03065149 |
|
|
|
|
Name : |
Mr. Sunil Sayal |
|
Designation : |
Director |
|
Address : |
L-135, Jal Vayu Vihar, Sector – 25, Noida – 201301, Uttar Pradesh,
India |
|
Date of Birth/Age : |
27.09.1961 |
|
Date of Appointment : |
24.08.2012 |
|
DIN No.: |
00709793 |
|
|
|
|
Name : |
Mr. Rajeev Merkhedkar |
|
Designation : |
Director |
|
Address : |
13/79, Second Floor, Vikram Vihar, Lajapat Nagar – IV, New Delhi –
110024, India |
|
Date of Birth/Age : |
19.11.1976 |
|
Date of Appointment : |
12.03.2013 |
|
DIN No.: |
06519208 |
|
|
|
|
Name : |
Mr. Satendra Singh |
|
Designation : |
Director |
|
Address : |
G-202, The Atrium Aptt, 22 Kalashetra Road, Thiruvanmiyur, Chennai –
600041, Tamilnadu, India |
|
Date of Birth/Age : |
28.06.1971 |
|
Date of Appointment : |
05.05.2008 |
|
DIN No.: |
02122153 |
|
|
|
|
Name : |
Mr. Sandeep Girotra |
|
Designation : |
Director |
|
Address : |
C-164, Trinity Towers, DLF City Phase – V, Gurgaon – 122002, Haryana,
India |
|
Date of Birth/Age : |
22.02.1965 |
|
Date of Appointment : |
11.10.2011 |
|
DIN No.: |
05141862 |
KEY EXECUTIVES
|
Name : |
Ms. Laxmi Maragoda |
|
Designation : |
Finance Manager |
|
|
|
|
Name : |
Mr. Mukul Bajaj |
|
Designation : |
Secretary |
|
Address : |
1654, Sector – 28, Faridabad – 121008, Haryana, India |
|
Date of Birth/Age : |
13.10.1977 |
|
Date of Appointment : |
08.08.2013 |
|
DIN No.: |
AFPPB2933K |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 28.09.2013)
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Nokia Solutions and Networks BV, Netherlands |
|
209965990 |
|
Nokia Solutions and Networks Branch Operarions Oy, Finland |
|
10 |
|
|
|
|
|
Total |
|
209966000 |
(AS ON 30.09.2013)
Equity Shares Break – up
|
Category |
|
Percentage |
|
|
|
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
|
100.00 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The Company is
engaged in the business of manufacturing and trading of telecommunication
network equipments, providing related installation services, providing network
management and other support services. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Bankers : |
Not Available |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Facilities : |
|
||||||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Price Waterhouse and Company Chartered Accountants |
|
Address : |
Building No.8,
Tower B, 7th and 8th Floor, DLF Cyber City, India |
|
PAN No.: |
AAHFP0187A |
|
|
|
|
Holding Company : |
· Nokia Siemens Networks BV, Netherlands |
|
|
|
|
Holding Company
of Nokia Siemens Networks
BV: |
· Nokia Oyj |
|
|
|
|
Fellow Subsidiaries : |
·
Nokia India Private Limited ·
Nokia Corporation MEA, Dubai ·
Nokia INC, USA ·
Nokia Siemens Networks (S.A.E) ·
Nokia Siemens Networks (Thailand) Limited ·
Nokia Siemens Networks AB ·
Nokia Siemens Networks Afghanistan LLC ·
Nokia Siemens Networks Algérie Eurl ·
Nokia Siemens Networks Argentina S.A. ·
Nokia Siemens Networks Asset Management Oy ·
Nokia Siemens Networks Australia Pty. Limited ·
Nokia Siemens Networks Azerbaijan LLC ·
Nokia Siemens Networks Bangladesh Limited ·
Nokia Siemens Networks Banja Luka d.o.o. ·
Nokia Siemens Networks Belarus ·
Nokia Siemens Networks Bolivia S.A. ·
Nokia Siemens Networks Canada Inc. ·
Nokia Siemens Networks Chile Ltda ·
Nokia Siemens Networks Colombia ·
Nokia Siemens Networks Crotia Limited ·
Nokia Siemens Networks d.o.o, Slovenia ·
Nokia Siemens Networks d.o.o. ·
Nokia Siemens Networks Danmark A/S ·
Nokia Siemens Networks de Venezuela C.A. ·
Nokia Siemens Networks Do Brasil Sistemas De
Comunicacões Ltda. ·
Nokia Siemens Networks Ecuador SA ·
Nokia Siemens Networks Egypt LLC ·
Nokia Siemens Networks EOOD ·
Nokia Siemens Networks France S.A. ·
Nokia Siemens Networks GmbH and Company KG ·
Nokia Siemens Networks H.K. Limited ·
Nokia Siemens Networks Hellas A.E. ·
Nokia Siemens Networks Iletisim A.S. ·
Nokia Siemens Networks Israel Limited ·
Nokia Siemens Networks Italia SpA ·
Nokia Siemens Networks Japan Corp. ·
Nokia Siemens Networks Korea Limited ·
Nokia Siemens Networks Kuwait Company WLL ·
Nokia Siemens Networks Magyarország Kft ·
Nokia Siemens Networks Maroc S.A.R.L ·
Nokia Siemens Networks MEA FZ-LLC, UAE ·
Nokia Siemens Networks Neusoft Commtech Company
Limited ·
Nokia Siemens Networks Nigeria Limited ·
Nokia Siemens Networks Norge AS ·
Nokia Siemens Networks NZ Limited ·
Nokia Siemens Networks OOO ·
Nokia Siemens Networks Österreich GmbH ·
Nokia Siemens Networks Oy ·
Nokia Siemens Networks Pakistan(Private) Limited ·
Nokia Siemens Networks Peru S.A. ·
Nokia Siemens Networks Philippines Inc. ·
Nokia Siemens Networks Poland ·
Nokia Siemens Networks Portugal S.A. ·
Nokia Siemens Networks Romania SRL ·
Nokia Siemens Networks S.A. de C.V. ·
Nokia Siemens Networks S.A./N.V. ·
Nokia Siemens Networks SA Pty Limited ·
Nokia Siemens Networks Schweiz AG ·
Nokia Siemens Networks Sdn Bhd ·
Nokia Siemens Networks Services GmbH and Company
KG ·
Nokia Siemens Networks Shanghai Limited ·
Nokia Siemens Networks Singapore Pte. Limited ·
Nokia Siemens Networks SL ·
Nokia Siemens Networks Slovensko s.r.o. ·
Nokia Siemens Networks Srbija d.o.o ·
Nokia Siemens Networks (Suzhou) Coampny Limited ·
Nokia Siemens Networks (Tianjin) Company Limited ·
Nokia Siemens Networks Taiwan Limited ·
Nokia Siemens Networks Tanzania ·
Nokia Siemens Networks Technology (Beijing) ·
Nokia Siemens Networks Technology Service Limited ·
Nokia Siemens Networks Telecomunicacões Do Brasil
Ltda ·
Nokia Siemens Networks Tietoliikenne Oy ·
Nokia Siemens Networks Tunis ·
Nokia Siemens Networks UK Limited ·
Nokia Siemens Networks Ukraine LLC ·
Nokia Siemens Networks US LLC ·
Nokia Siemens Networks Vietnam ·
Nokia Siemens Networks, s.r.o. ·
Nokia Siemens Tietoliikenne Oy, Zambia ·
Nokia Siemens Tietoliikenne Oy, Abu Dhabi ·
Nokia Siemens Tietoliikenne OY, Albania ·
Nokia Siemens Tietoliikenne OY, Burkina Faso ·
Nokia Siemens Tietoliikenne OY, Congo ·
Nokia Siemens Tietoliikenne Oy, Erbil ·
Nokia Siemens Tietoliikenne OY, Georgia ·
Nokia Siemens Tietoliikenne Oy, Iran ·
Nokia Siemens Tietoliikenne OY, Ivory Coast ·
Nokia Siemens Tietoliikenne Oy, Jordan ·
Nokia Siemens Tietoliikenne Oy, Lebnan ·
Nokia Siemens Tietoliikenne Oy, Macao ·
Nokia Siemens Tietoliikenne Oy, Malawi ·
Nokia Siemens Tietoliikenne Oy, Mozambique Nokia Siemens
Tietoliikenne Oy, Oman ·
Nokia Siemens Tietoliikenne Oy, Qatar ·
Nokia Siemens Tietoliikenne Oy, Saudi Arabia ·
Nokia Siemens Tietoliikenne Oy, Senegal ·
Nokia Siemens Tietoliikenne Oy, Syria ·
Nokia Siemens Tietoliikenne Oy, Uganda ·
Nokia Siemens Tietoliikenne Oy, Uruguay ·
Nokia Siemens Tietoliikenne Oy, Yemen ·
Nokia Siemens Tietoliikenne Oy-Kenya ·
Nokia Siemens Tietoliikenne Oy-Lebanon ·
Nokia Siemens Tietoliikenne Oy-Madagascar ·
PT Nokia Siemens Networks ·
Apertio Partners Limited, UK ·
Nokia Siemens Networks do São José dos Pinhais ·
Nokia Siemens Networks Munich ·
NSN Technologies Israel 1990 Hod Hasharon ·
Nokia Siemens Networks S.A./N.V. ·
Nokia Siemens Networks System Company, Beijing ·
Nokia Siemens Networks S.A.Saint -Ouen Cedex ·
Nokia Siemens Tietoliikenne Oy, Cambodia ·
Nokia Siemens Tietoliikenne Oy, Namibia ·
Nokia Siemens Networks Iran JV, Iran ·
UAB Nokia Siemens Networks, Lithuania ·
Nokia Siemens Networks AB, Sweden ·
Nokia Siemens Networks RSA (Pty) Limited, South
Africa ·
Nokia Siemens Networks Kazakhstan, |
|
|
|
|
Associates of Holding Company : |
·
Nokia Siemens Networks Technology Service Limited ·
Nokia Siemens Networks Kuwait Company W.L.L. |
CAPITAL STRUCTURE
(AS ON 28.09.2013)
Authorised Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
215000000 |
Equity Shares |
Rs.10/- each |
Rs.2150.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
209966000 |
Equity Shares |
Rs.10/- each |
Rs.2099.660
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 |
2099.700 |
2099.700 |
2099.700 |
|
(b) Reserves & Surplus |
14819.000 |
8158.900 |
6218.800 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Total Shareholders’
Funds (1)+(2) |
16918.700 |
10258.600 |
8318.500 |
|
|
|
|
|
|
(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 |
244.100 |
585.300 |
588.000 |
|
(d) long-term provisions |
1480.200 |
1326.000 |
1493.800 |
|
Total Non-current Liabilities (3) |
1724.300 |
1911.300 |
2081.800 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
1412.900 |
0.000 |
|
(b) Trade payables |
22788.200 |
19786.400 |
23089.700 |
|
(c) Other current
liabilities |
9890.400 |
6464.500 |
4963.400 |
|
(d) Short-term provisions |
1808.100 |
2487.300 |
1284.400 |
|
Total Current Liabilities (4) |
34486.700 |
30151.100 |
29337.500 |
|
|
|
|
|
|
TOTAL |
53129.700 |
42321.000 |
39737.800 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
4810.600 |
5632.500 |
5447.600 |
|
(ii) Intangible Assets |
21.600 |
27.000 |
55.200 |
|
(iii) Capital
work-in-progress |
466.400 |
349.000 |
285.600 |
|
(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) |
2511.000 |
2596.200 |
2332.400 |
|
(d) Long-term Loan and Advances |
999.600 |
2897.000 |
3467.200 |
|
(e) Other Non-current assets |
695.200 |
2009.400 |
2284.500 |
|
Total Non-Current Assets |
9504.400 |
13511.100 |
13872.500 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
5710.900 |
7225.400 |
4626.800 |
|
(c) Trade receivables |
30856.400 |
15207.500 |
17692.200 |
|
(d) Cash and cash
equivalents |
3854.400 |
3325.600 |
336.600 |
|
(e) Short-term loans and
advances |
958.100 |
361.200 |
509.000 |
|
(f) Other current assets |
2245.500 |
2690.200 |
2700.700 |
|
Total Current Assets |
43625.300 |
28809.900 |
25865.300 |
|
|
|
|
|
|
TOTAL |
53129.700 |
42321.000 |
39737.800 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
77198.700 |
66469.200 |
|
|
|
|
Other Income |
669.900 |
135.600 |
|
|
|
|
TOTAL |
77868.600 |
66604.800 |
57410.100 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
64829.300 |
61406.900 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
13039.300 |
5197.900 |
(Including
Depreciation) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
2099.400 |
2226.200 |
|
|
|
|
|
|
|
|
|
|
|
PRIOR PERIOD
EXPENSES |
367.600 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
10572.300 |
2971.700 |
2357.000 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
2692.100 |
1031.600 |
(186.700) |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
7880.200 |
1940.100 |
2543.700 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
6040.700 |
4100.600 |
1556.900 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
13920.900 |
6040.700 |
4100.600 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
30623.200 |
26529.800 |
NA |
|
|
TOTAL EARNINGS |
30623.200 |
26529.800 |
NA |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Network components and equipments |
3269.500 |
1241.700 |
2629.000 |
|
|
|
Spares and tools |
1561.600 |
1125.300 |
1688.700 |
|
|
|
Raw materials |
30270.700 |
30298.400 |
20172.700 |
|
|
|
Fixed assets |
737.100 |
1672.500 |
1579.800 |
|
|
TOTAL IMPORTS |
35838.900 |
34337.900 |
26070.200 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
37.53 |
9.24 |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
10.12
|
2.91 |
4.43 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
13.69
|
4.47 |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
21.08
|
7.55 |
6.35 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.62
|
0.29 |
0.28 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.00
|
0.14 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.26
|
0.96 |
0.88 |
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 |
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 |
No |
|
20] |
Export / Import details (if applicable) |
No |
|
21] |
Market information |
----- |
|
22] |
Litigations that the firm / promoter
involved in |
----- |
|
23] |
Banking Details |
No |
|
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 |
REVIEW OF THE OPERATION
The last twelve months
witnessed a growth in income, profits and assets. The company registered a
significant growth in all related segments and is confident of continuing to
show growth in its operations during the coming years. The profits of the year
are Rs.7880.200 Millions in comparison to Rs.1940.100 Millions.
FUTURE OUTLOOK
Barring unforeseen circumstances, the Company expects to perform well
during the current year.
BACKGROUND /
GENERAL INFORMATION
The Company is engaged
in the business of manufacturing and trading of telecommunication network
equipments, providing related installation services, providing network
management and other support services to major telecom operators and Group
Companies including software development services to its holding Company.
AMALGAMATION OF THE COMPANY WITH NOKIA SIEMENS NETWORKS PRIVATE LIMITED
The company vide resolution passed in the
meeting of the Board of directors held on 29th February, 2008
decided to amalgamate itself with Nokia Siemens Networks Private Limited, its
100% holding company, subject to requisite approvals as enumerated under
section 391 to 394 of the companies Act, 1956. Accordingly, the company sought
the requisite ‘No objection letters” from its shareholders and creditors. The
company approached the Hon’ble High court of Karnataka. In the bearing held on
3rd April, 2008, the Hon’ble High court ordered for waiver of the
meeting of shareholders and creditors. The High Court on 29th May,
2008 ordered notice to the Regional Director at Chennai and the Official
Liquidator and also directed notice of advertisement of petition in the Times
of India (English) and the Vijay Karnataka (Kannada). The advertisement was
published on 9th June, 2008 in compliance of the order.
INDEX OF CHARGES: NO CHARGES EXIST FOR COMPANY
FIXED ASSETS:
· Leasehold Land
· Plant and Machinery
· Computer Hardware
· Office Equipments
· Vehicles
· Furniture and Fixtures
· Computer Software (Intangible)
· Factory Building
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.62.41 |
|
|
1 |
Rs.102.53 |
|
Euro |
1 |
Rs.85.20 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Report Prepared
by : |
NIT |
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 |
8 |
|
--PROFITABILIRY |
1~10 |
7 |
|
--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 |
NO |
|
--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 |
|
64 |
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.