MIRA INFORM REPORT
|
Report Date : |
20.06.2014 |
IDENTIFICATION DETAILS
|
Name : |
ENKAY TECHNOLOGIES (INDIA) PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
7, Bhima Vaitarna Complex, Sir Pochkhandwala Road, Worli, Mumbai – 400
030, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
29.04.1987 |
|
|
|
|
Com. Reg. No.: |
11-043304 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.9.000
millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U32200MH1987PTC043304 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUME04918E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACE1300N |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Service Provider of Telecommunication and IT Solutions Services. |
|
|
|
|
No. of Employees
: |
300 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (31) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 340000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track record. The company possesses a moderate financial profile marked by a small networth
base along with modest working capital intensive operations. Management has seen a decent sales volume, whereas has reported a low
profit margin during FY13. However, trade relations are fair. Business is active. Payment terms
are reported as slow but correct. In view of long standing presence, the subject can be considered for
business dealings with some caution. |
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
N E W S
The economy grew 4.7 %in 2013/14, marking a
second straight year of sub-5 % growth – the worst slowdown in more than a quarter
of a century. The data was below an official estimate of 4.9 % annual growth
and compared with 4.5 % in the last fiscal year. However, the current account
deficit narrowed sharply to $ 32.4 billion at 1.7 % of gross domestic product,
in 2013/14 from a record high of $ 98.8 billion or 4.7 %, the year before.A
sharp fall in gold imports due to restrictions on overseas purchases and muted
import of capital goods helped shrink the current account deficit.
Online retailer Flipkart has acquired fashion
portal Myntra as it prepares to battle with the rapidly expanding India arm of
the global e-commerce giant Amazon. The company raised $ 210 million from
Russian Investment firm DST Global which has also invested in companies like
Facebook, Twitter and Alibaba Group.
General Motors will start exporting vehicles
from its Talegaon plant near Pune in the second half of 2014. GM was one of the
few global carmakers that was using its India plant only for the domestic
market.
Google has overtaken Apple as the world’s top
brand in terms of value, according to global market research agency Millward
Brown. Google’s brand value shot up 40 % in a year to $ 158.84 billion. The top
10 of the 100 slots were dominated by US companies.
Infosys lost another heavy weight when B G
Srinivas, a board member put in his papers. He is the third CEO-hopeful to quit
after Chairman N R Narayana Murthy’s return to the company – Ashok Vemuri and V
Balakrishnan being the other two.While Vemuri went on to lead IGate,
Balakrishnan joined politics.
Naresh Goyal – promoted Jet Airways posted
biggest quarterly loss – Rs 2153.37 crore – in the three months ended March 31,
mainly because it has been offering discounts to passengers to fill planes.
William S Pinckney – Chairman and CEO of
Amway India was arrested by the Andhra Pradesh Police in connection with a
complaint against the direct selling firm. This is the second time that he has
been taken into custody. A year, ago the Kerala Police had arrested Pinckney
and two company directors on charges of financial irregularities.
China has told its state-owned enterprises to
sever links with American consulting firms after the United States charged five
Chinese military officers wih hacking US companies. China’s action which
targets consultancies like McKinsey & Co. and the Boston Consulting Group,
sterns from fears that the first are providing trade secrets to the US
governments.
India has emerged as a country with some of
the highest unregistered businesses in the world. Indonesia has the maximum
number of shadow businesses, says a study of 68 countries by Imperial College
Business School in London.
Pfizer has abandoned its attempt to buy
AstraZeneca for nearly $ 118 billion after the latter refused an offer of 55
pounds a share.
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
INFORMATION PARTED BY
|
Name : |
Mr. Vinod |
|
Designation : |
Financial Manager |
|
Contact No.: |
91-22-66262222 |
|
Date : |
19.06.2014 |
LOCATIONS
|
Registered Office/ Marketing Office : |
7, Bhima Vaitarna Complex, |
|
Tel. No.: |
91-22-66262222/ 24939835/ 24962705 / 66262225 |
|
Fax No.: |
91-22-24942127 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Branch Office : |
Located at: v Ahmedabad v v Chennai v v v Kolkata v Pune |
DIRECTORS
As on 30.09.2013
|
Name : |
Mr. Dayal Mahirwan Hemrajani |
|
Designation : |
Chairman cum Managing Director |
|
Address: |
81, Ashraya, 266, |
|
Date of Birth/Age : |
07.03.1958 |
|
Qualification : |
B.Com (Hons) L.L.B. |
|
Date of Appointment : |
29.04.1987 |
|
DIN No.: |
00323558 |
|
|
|
|
Name : |
Mr. Vasudev Mahirwan Hemrajani |
|
Designation : |
Director |
|
Address: |
81, Ashraya, 266, |
|
Date of Birth/Age : |
13.07.1962 |
|
Date of Appointment : |
14.06.2007 |
|
DIN No.: |
01001872 |
KEY EXECUTIVES
|
Name : |
Mr. Vinod |
|
Designation : |
Financial Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Dayal Mahirwan Hemrajani |
|
600 |
|
Pushpa M. Hemrajani |
|
200 |
|
Vibha D. Hemrajani |
|
200 |
|
Vasudev M. Hemrajani |
|
200 |
|
Dayal M. Hemrajani j/w Vibha D. Hemrajani |
|
28950 |
|
Mahirwan C. Hemrajani j/w Pushpa M. Hemrajani |
|
600 |
|
Pushpa M. Hemrajani j/w Mahirwan C. Hemrajani |
|
8450 |
|
Vibha D. Hemrajani j/w Dayal M. Hemrajani |
|
26750 |
|
Vasudev M. Hemrajani j/w Prerna V. Hemrajani |
|
4000 |
|
Prerna V. Hemrajani j/w Vasudev M. Hemrajani |
|
4050 |
|
Mahirwan Hemrajani HUF (Represented by Mahirwan Hemrajani) |
|
4000 |
|
Akshay V. Hemrajani j/w Vasudev M. Hemrajani |
|
4000 |
|
Dayal M. Hemrajani HUF (Represented by Dayal |
|
4000 |
|
Vasudev M. Hemrajani HUF (Represented by Vasudev M. Hemrajani) |
|
4000 |
|
Total
|
|
90000 |
As on 30.09.2013
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
%20PRIVATE%20LIMITED%20-%20272838_MIRA%2020-Jun-2014_files/image018.gif)
BUSINESS DETAILS
|
Line of Business : |
Service Provider of Telecommunication and IT Solutions Services. |
||||
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Products : |
v Electronic Security Systems and Solutions v Control Touch Panels v DETC v Wireless LAN Solution v LCD TV’s v High Definition Video Conferencing
Solutions KEY TELEPHONE
SYSTEM v Aspila Topaz LITE (KTS) v
Aspila Topaz (KTS) v
Aspila EX (KTS) |
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Imports : |
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Products : |
Materials |
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Countries : |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Customers : |
End Users and Others Banks v State
Bank of v Yes Bank v Deutsche Bank v Central
Bank of v HDFC Bank Limited v ABN Amro Bank Finance
Companies v Kotak Mahindra Group v IL and FS Investment v Motilal Oswal Securities v Karvy Consultants v Dolat Capital Hotels v Sun N Sand Hotels v Radisson Hotel v Pride Hotel v Chola Sheraton v Le Meridien Hotels v Courtyard by Marriott Pharma /
Healthcare Company v Cipla Limited v Sun Pharmaceuticals v IPCA Laboratories v Unichem v Aristro Pharma IT/ ITES
Companies v Wipro Limited v Syntel Software v Progeon (Infosys) v Intetia
South v Intelenet Global v Brainvisa Technologies v Softpro Private Limited Other Corporate
Clients v Mahindra and Mahindra v Ashok Leyland v Jet Airways v Hero Honda v Kodak India Limited v Thomas Cook v Pantaloons v B.M. Birla v Reliance Industries v Cadbury’s India Limited v
SREI v
Larsen and Toubro |
|||||||||||||||||||||
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No. of Employees : |
300 (Approximately) |
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Bankers : |
v
HDFC Bank Limited, HDFC Bank House, Senapati
Bapat Marg, Lower Parel (West), Mumbai - 400 013, Maharashtra, India v
Dena Bank, Sachivalaya Corner Branch, Mumbai –
400 021, Maharashtra, India |
|||||||||||||||||||||
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Facilities : |
(Rs.
In Millions)
|
|||||||||||||||||||||
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Banking
Relations : |
--- |
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|
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Auditors : |
|
|
Name : |
Sanghvi Sanghvi and Sanghvi Chartered Accountants |
|
Address : |
10, La Citadlle, 2nd Floor, 99, |
|
Tel. No.: |
91-22-66333400 |
|
PAN No.: |
AACFS2693D |
CAPITAL STRUCTURE
As on 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
200000 |
Equity Shares |
Rs.100/-each |
Rs.20.000 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
90000 |
Equity Shares |
Rs.100/-each |
Rs.9.000
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 |
9.000 |
9.000 |
9.000 |
|
(b) Reserves & Surplus |
77.656 |
76.240 |
74.543 |
|
(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) |
86.656 |
85.240 |
83.543 |
|
|
|
|
|
|
(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 |
0.484 |
0.484 |
0.484 |
|
(d) long-term
provisions |
4.449 |
3.390 |
3.731 |
|
Total Non-current
Liabilities (3) |
4.933 |
3.874 |
4.215 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
15.238 |
0.083 |
16.855 |
|
(b) Trade
payables |
50.106 |
40.812 |
56.401 |
|
(c) Other current
liabilities |
37.638 |
41.577 |
42.080 |
|
(d) Short-term
provisions |
0.696 |
0.572 |
0.589 |
|
Total Current
Liabilities (4) |
103.678 |
83.044 |
115.925 |
|
|
|
|
|
|
TOTAL |
195.267 |
172.158 |
203.683 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
10.139 |
10.496 |
10.633 |
|
(ii)
Intangible Assets |
0.275 |
0.150 |
0.000 |
|
(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 |
0.005 |
0.005 |
0.005 |
|
(c) Deferred tax assets (net) |
3.031 |
1.541 |
1.509 |
|
(d) Long-term Loan and Advances |
0.329 |
0.254 |
0.254 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
13.779 |
12.446 |
12.401 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
69.814 |
62.099 |
62.813 |
|
(c) Trade
receivables |
85.772 |
67.849 |
97.459 |
|
(d) Cash
and cash equivalents |
10.231 |
15.445 |
8.785 |
|
(e)
Short-term loans and advances |
15.671 |
14.319 |
22.225 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
181.488 |
159.712 |
191.282 |
|
|
|
|
|
|
TOTAL |
195.267 |
172.158 |
203.683 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
|
340.853 |
320.963 |
348.855 |
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
340.853 |
320.963 |
348.855 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
338.802 |
318.050 |
340.020 |
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
338.802 |
318.050 |
340.020 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
(Including
Financial Expenses) |
(Including
Financial Expenses) |
8.835 |
|
|
|
|
|
|
|
|
|
|
FINANCIAL
EXPENSES |
|
|
1.485 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
4.658 |
5.732 |
7.350 |
|
|
|
|
|
|
|
|
|
|
DEPRECIATION/
AMORTISATION |
2.607 |
2.819 |
3.134 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
2.051 |
2.913 |
4.216 |
|
|
|
|
|
|
|
|
|
|
TAX |
0.635 |
1.215 |
1.632 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
1.416 |
1.698 |
2.584 |
|
|
|
|
|
|
|
|
|
|
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
27.744 |
26.046 |
23.462 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED TO
THE B/S |
29.160 |
27.744 |
26.046 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
15.73 |
18.87 |
28.71 |
|
%20PRIVATE%20LIMITED%20-%20272838_MIRA%2020-Jun-2014_files/image003.gif){kind=small}
%20PRIVATE%20LIMITED%20-%20272838_MIRA%2020-Jun-2014_files/image004.gif){kind=small}
%20PRIVATE%20LIMITED%20-%20272838_MIRA%2020-Jun-2014_files/image005.gif){kind=small}
%20PRIVATE%20LIMITED%20-%20272838_MIRA%2020-Jun-2014_files/image006.gif){kind=small}
%20PRIVATE%20LIMITED%20-%20272838_MIRA%2020-Jun-2014_files/image007.gif){kind=small}
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
0.42 |
0.53 |
0.74 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.07 |
1.71 |
2.09 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.02 |
0.03 |
0.05 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.18 |
0.00 |
0.20 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.75 |
1.92 |
1.65 |
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 |
9.000 |
9.000 |
9.000 |
|
Reserves & Surplus |
74.543 |
76.240 |
77.656 |
|
Net
worth |
83.543 |
85.240 |
86.656 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
16.855 |
0.083 |
15.238 |
|
Total
borrowings |
16.855 |
0.083 |
15.238 |
|
Debt/Equity
ratio |
0.202 |
0.001 |
0.176 |
%20PRIVATE%20LIMITED%20-%20272838_MIRA%2020-Jun-2014_files/image020.gif)
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) |
|
Sales |
348.855 |
320.963 |
340.853 |
|
|
|
-7.995 |
6.197 |
%20PRIVATE%20LIMITED%20-%20272838_MIRA%2020-Jun-2014_files/image022.gif)
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
348.855 |
320.963 |
340.853 |
|
Profit |
2.584 |
1.698 |
1.416 |
|
|
0.74% |
0.53% |
0.42% |
%20PRIVATE%20LIMITED%20-%20272838_MIRA%2020-Jun-2014_files/image024.gif)
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES OF
LONG-TERM DEBT: 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 |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact person |
Yes |
|
11] |
Turnover of firm for last three years |
Yes |
|
12] |
Profitability for last three years |
Yes |
|
13] |
Reasons for variation <> 20% |
---------------------- |
|
14] |
Estimation for coming financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details (if applicable) |
Yes |
|
21] |
Market information |
---------------------- |
|
22] |
Litigations that the firm / promoter involved in |
---------------------- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking account |
---------------------- |
|
26] |
Buyer visit details |
---------------------- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if applicable |
Yes |
|
29] |
Last accounts filed at ROC |
Yes |
|
30] |
Major Shareholders, if available |
Yes |
|
31] |
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 |
UNSECURED LOAN
Rs.
In Millions
|
Particular |
As
on 31.03.2013 |
As
on 31.03.2012 |
|
Short-term
borrowings |
|
|
|
Loans and Advances from |
0.083 |
0.083 |
|
Total |
0.083 |
0.083 |
|
|
|
|
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10088377 |
15/01/2011 * |
60,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, Maharashtra - 400013, INDIA |
B04991675 |
* Date of charge modification
FIXED ASSETS
v Building
v Plant and Machinery
v Office Equipments
v Furniture and Fixtures
v Vehicle
AS PER WEBSITE
PRESS RELEASES
FCS Signs Valued
Business Partner Deal with Enkay Technologies for Distribution of FCS Solutions
in India –
New agreement makes
best-in-class hospitality technology solutions widely available to hotels
throughout the subcontinent.
Mumbai – December 4, 2013 - FCS, a leading global provider of comprehensive hospitality guest services applications and solution design services, announces the signing of a Valued Business Partnership with Enkay Technologies, one of India’s premier providers of communication solutions for the hospitality industry. Per the agreement, Enkay will distribute the comprehensive suite of FCS hospitality technology solutions and services, including its collection of best-in-class Hotel Operations Management Applications and its innovative i-Guest mobile app.
Enkay Technologies is a trusted unified communications solutions provider with Pan-India presence, and has over three decades of experience in providing cutting-edge solutions across verticals with a strong presence in the hospitality industry.
“Our mission is to deliver superior support and value to Indian hoteliers through scalable, future-proof and reliable technology offerings,” says Dayal Hemrajani, Chairman & Managing Director for Enkay Technologies. “The addition of FCS products to our line of affordable, converged communication solutions complements this mission, supported by highest quality of customer service.”
FCS’ Hotel Operations Management Applications suite comprises e-Connect, e-Housekeeping, e-Recovery, e-Engineering and e-Concierge. The multi-language, web-based applications streamline a multitude of back-of-house and guest-facing hotel operations needs, from real-time maintenance requirements to housekeeping management to guest issue tracking and a comprehensive customer relationship management platform. The applications seamlessly interface with most of the hotel industry’s popular property management systems and can be implemented à la carte or as a total solution package. The applications feature complementary mobile apps, allowing hotel staff to stay connected from anywhere on property.
“Given Enkay’s commitment to offering best-in-class hospitality operations technology solutions, adding the FCS solution suite to its slate of offerings is a substantial boon for Enkay,” says Sudip Mukherjee, senior director of sales and operations in India for FCS. “Indian hoteliers will see substantial cost savings due to the automation advantages of solutions like e-Engineering and e-Housekeeping, and they will be able to drive higher rates on the back of the tremendous service improvements that will come from e-Connect, e-Recovery and e-Concierge.”
Along with the Hotel Operations Management Applications, Enkay will also be distributing the guest-facing mobile app, FCS i-Guest. FCS i-Guest lets users interact with the hotel through an app, including placing room service orders, making housekeeping requests, arranging wakeup calls, checking real-time folio data, making restaurant or spa reservations, viewing local attraction information, listening to voicemail, performing express checkout and tapping into a host of other guest service options. Most importantly, i-Guest is a great brand awareness app that helps to create additional revenue through increasing in-room dining and advertisements for local attractions like restaurants, bars and others.
About FCS
Founded in 1982, FCS is a comprehensive hospitality technology solutions and services provider, with an extensive portfolio of integrated products used by more than 5,000 hotels with over 8,000 installations in 32 countries. FCS Mobile Applications are available on guests’ own mobile devices, as well as the hotel’s devices, allowing convenient access to hotel information and services. These services are managed through five web-based guest serving applications, including e-Connect, e-Engineering, e-Housekeeping, e-Concierge and e-Recovery. These applications all seamlessly integrate with the hotel’s PMS and other third-party systems via FCS Gateways products; Unicorn and Phoenix.
About Enkay
Technologies
Enkay Technologies specializes in products and solutions comprising data networking, IT, IP telephony, contact centers, unified communications, audio-visual systems integration, video conferencing, security systems and solutions, and call management systems. Enkay aims to become India’s leading converged communication solutions provider for the hospitality industry. Enkay offers a complete range of products and sales and support capability to meet the convergence needs of enterprises across verticals in India.
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.60.00 |
|
|
1 |
Rs.102.05 |
|
Euro |
1 |
Rs.81.71 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
NTH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
31 |
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.