1. Summary Information
|
|
|
Country |
|
|
Company Name |
Nokia India
Private Limited |
Principal Name 1 |
Mr. Prakash Katma |
|
Status |
Good |
Principal Name 2 |
Mr. Varun Menon |
|
|
|
Registration # |
55-068904 |
|
Street Address |
Flat No. 1204, 12th
Floor, |
||
|
Established Date |
23.05.1995 |
SIC Code |
-- |
|
Telephone# |
Not available |
Business Style 1 |
Assembling |
|
Fax # |
Not available |
Business Style 2 |
Manufacturing |
|
Homepage |
Product Name 1 |
Cellular mobile telephone |
|
|
# of employees |
Not Available |
Product Name 2 |
Development |
|
Paid up capital |
Rs.355,793,000/- |
Product Name 3 |
Software related to cellular mobile phones |
|
Shareholders |
Foreign holdings- 100% |
Banking |
The Hong Kong and Shanghai Banking Corporation Limited |
|
Public Limited Corp. |
No |
Business Period |
19 Years |
|
IPO |
No |
International Ins. |
-- |
|
Public |
No |
Rating |
Aa (72) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Subsidiary |
|
Nokia Mobile Payment Service India Private Limited |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2013 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
92,277,000,000 |
Current Liabilities |
38,018,000,000 |
|
Inventories |
6,446,000,000 |
Long-term Liabilities |
000 |
|
Fixed Assets |
4,793,000,000 |
Other Liabilities |
86,000,000 |
|
Deferred Assets |
771,000,000 |
Total Liabilities |
38,104,000,000 |
|
Invest& other Assets |
192,000,000 |
Retained Earnings |
66,019,000,000 |
|
|
|
Net Worth |
66,375,000,000 |
|
Total Assets |
104,479,000,000 |
Total Liab. &
Equity |
104,479,000,000 |
|
Total Assets (Previous Year) |
105,805,000,000 |
|
|
|
P/L Statement as of |
31.03.2013 |
(Unit: Indian Rs.) |
|
|
Sales |
228,420,000,000 |
Net Profit |
5,797,000,000 |
|
Sales(Previous yr) |
245,034,000,000 |
Net Profit(Prev.yr) |
8,141,000,000 |
MIRA
INFORM REPORT
|
Report Date : |
15.05.2014 |
IDENTIFICATION DETAILS
|
Name : |
NOKIA INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Flat No. 1204, 12th
Floor, |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
23.05.1995 |
|
|
|
|
Com. Reg. No.: |
55-068904 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 355.793 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74899DL1995PTC068904 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELN05529G DELN06295C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACN2170R |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is engaged in the
business of assembling , manufacturing, marketing, distributing, buying,
selling, importing, exporting, repairing of cellular mobile telephone and development
of software related to cellular mobile phones. |
|
|
|
|
No. of Employees
: |
Not available |
RATING & COMMENTS
|
MIRA’s Rating : |
Aa (72) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
USD 265000000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having good track record. There is a dip in profit of the company in the year 2013. However,
fundamentals of the company is decent. Financial position of the company is
strong and healthy. Performance capability is high. Trade relations reported to be fair. Business is active. Payment terms
are reported to be regular and as per comment. The company can be considered normal for business dealing 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 – March 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
US investment bank
Goldman Sachs has upgraded its outlook on Indian markets as it expects positive
impact of the election cycle.
India’s economy may
grow 4.7 % in the current financial year, lower than the official estimate of
4.9 %, Fitch Rating said. The global rating agency expects the economy to pick
up in the next two financial years.
Global ratings
agency Standard & Poor said increasing focus by India Inc on lowering debt
is likely to improve their credit profiles.
Singapore (1.1
million Indian tourists in 2012), Thailand (one million), the United Arab
Emirates ().98 million) and Malaysia ().82 million) emerged as the preferred
holidays hotspots for Indians. The total figure is expected to increase to 1.93
million by 2017, according to the latest Eurmonitor
international report.
There is a $29.34 bn outward foreign direct investment by domestic companies
between April and January of 2013/14 which has seen some signs of recovery
according to a Care Ratings report.
There are 264 number
of new companies being set up every day on average during 2014. Most of them
are registered in Mumbai. India had 1.38 million registered companies at the
end of January, 2014.
Twitter like
messaging service Weibo Corporation has filed to
raise $ 500 million via a US initial public offering. Alibaba,
which owns a stake in Weibo is expected to raise
about $ 15 billion New York this year in the highest profile Internet IPO since
Facebook’s in 2012.
Bharti Airtel has raised
Rs.2,453.2 crore (350 million Swiss Francs) by
selling six-year bonds at a coupon rate of three per cent and maturing in 2020.
This is the largest ever bond offering by an Indian company in Swiss Francs. Bharat Petroleum Corporation raised 175 million Swiss
Francs by selling five year bonds at 2.98 % coupon rate in February.
Indian Oil
Corporation plans to invest Rs 7650 crore in setting up a petrochemical complex at its almost
complete Paradip refinery in Odhisha
in three to four years. The company board is set to consider the setting up of
a 700000 tonne per annum polypropylene plant at an
estimated cost at Rs.3150 crore.
Global chief
information officers at gathering in Bangalore in April to meet Indian startups
at an event called Tech50 Watchout for Little Eye
Labs-Facebook type deals in the making.
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 DECLINED
The management was Non co-operative.
LOCATIONS
|
Registered Office : |
Flat No. 1204, 12th
Floor, |
|
Tel. No.: |
91-11-26779191/
43215330 |
|
Mobile No.: |
|
|
Fax No.: |
91-11-26779090 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Head Office : |
1st and 2nd
Floor, ‘A’ SP Infocity, Industrial Plot No. 243, Udyog Vihar, Phase 1, Dundahera, Guregaon-122016, |
|
Tel. No.: |
91-124-4833000 |
|
Fax No.: |
91-124-4833099 |
|
|
|
|
Corporate Office : |
4th Floor,
Commercial Plaza, Radisson Complex, National Highway No. 8, Mahipalpur, New Delhi – 110032, Delhi, India Tel. No.:
91-11-26784100/ 51779000 Fax No.:
91-11-26779149 / 52227420/ 51779145/ 42999050 E-Mail :pv.subba rao@nokia.com Website :http://www.nokia.co.in Location :
Commercial
Nokia Corporate
Office –
Tel. No.: +1 914
368 0400 Nokia Latin
Nokia South
Nokia
|
|
|
|
|
Nokia Networks: |
701, Broadway
Business Center, Ellisbridge, Law Garden Ahmedabad – 380 006, Gujarat, India 2B, Mercury
Block, Prestige Tech Park, Sarjapur, Marathalli Ring Road, Kadabeesanahalli,
Varthur Hobli, Bangalore
-560103, Karnataka, India Fax No.:
91-80-4015 9999
Tel. No.:
91-80-40159000 Fax No.:
91-80-40159999
Tel. No.:
91-80-66656800
Tel. No.:
91-674-3018120 Fax No.:
91-674-3018108
Industrial plot
#243, Udyog Vihar, Dundahera, Gurgaon - 122016,
3F, Tower II,
Millennium City, IT Park, Plot no 62, Block DN, Sec V, Bidhan
Nagar, Salt Lake, Kolkata
-700091, West Bengal, India Tel. No.: 91 33
4006 2264 Fax No.: 91 33
4006 2260
Tel. No.:
91-22-67769000 Fax No.:
91-22-67769009
Vatika Business Centre, Suite No.6, Level 5, C
Wing, Tel. No.:
91-20-40111195 Fax No.:
91-20-40111045 RMZ Millenia Business Park, Campus-5, 2nd Floor, No. 143,
M.G.R. Road, North Veeranam Salai,
Perungudi, Chennai – 600 096, Tamil Nadu, India Tel No.: 91-44-66530100 Fax No.:
91-44-66530301 SP Infocity, Plot #243, Udyog Vihar Phase-I, Dundahera, Gurgaon Haryana- 122016 Gurgaon,
India Tel No.:
91-012-44833000 Fax no.:
91-012-44833098 Kailash Building, Flat no 1204, 12th Floor, Kasturba Gandhi Marg, New Delhi
– 110 001, India A SEZ Unit Bldg
2c, Ground Floor Vrindhavan Techvillage
Sarjahpur Outer Ring Road, Bangalore – 560087,
Karnataka, India A SEZ Unit Bldg
2A, 5th and 6th Floor Vrindhavan Techvillage Sarjahpur Outer
Ring Road, Bangalore – 560087, Karnataka, India |
|
|
|
|
Regional Offices: |
Located at: North Regional
Office: ·
Haryana ·
West Regional
Offices: ·
Andheri, Mumbai ·
Mhape, Navi Mumbai ·
Ahmedabad ·
Pune East Regional
Offices: ·
Kolkata ·
South Regional
Offices: ·
·
·
Chennai ·
Tamilnadu |
|
|
|
|
Overseas Office: |
Located at: ·
·
·
·
·
·
·
·
·
·
|
|
|
|
|
Branches : |
Nokia Telecom Sez, Phase III, A1, National Highway 4, Sriperumbudur, Chennai – 602105, Tamilnadu,
India Also Located at ·
·
Ahmedabad ·
Mumbai
(Tel No.:91-22-33286000) ·
Bangalore |
DIRECTORS
As on: 29.11.2013
|
Name : |
Mr. Prakash Katma |
|||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||
|
Address : |
10A/16, V G M Street, Nungambakkam
Chennai-600034, |
|||||||||||||||||||||||||||
|
Date of Birth/Age : |
21.10.1976 |
|||||||||||||||||||||||||||
|
Date of Appointment : |
30.09.2010 |
|||||||||||||||||||||||||||
|
DIN No.: |
03268635 |
|||||||||||||||||||||||||||
|
PAN No.: |
ARGPK1228H |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Name : |
Mr. Varun Menon |
|||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||
|
Address : |
M-52, Ground Floor, Saket, New Delhi-110017,
India |
|||||||||||||||||||||||||||
|
Date of Birth/Age : |
07.07.1980 |
|||||||||||||||||||||||||||
|
Date of Appointment : |
29.11.2013 |
|||||||||||||||||||||||||||
|
DIN No.: |
06392814 |
|||||||||||||||||||||||||||
|
Other Directorship :
|
||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Name : |
Mervi Kerkela- Hiltunen |
|||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||
|
Address : |
2/ 530, Sandeep Road, Neelankaraj,
Chennai, Tamil Nadu-600041, India |
|||||||||||||||||||||||||||
|
Date of Birth/Age : |
28.10.1975 |
|||||||||||||||||||||||||||
|
Date of Appointment : |
04.09.2013 |
|||||||||||||||||||||||||||
|
DIN No.: |
06679444 |
|||||||||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Pardeep Kumar Dhaka |
|
Designation : |
Secretary |
|
Address : |
104, Sector -9A, Gurgaon, Haryana, India |
|
Date of Birth/Age : |
11.01.1979 |
|
Date of Appointment : |
08.08.2011 |
|
PAN No.: |
APDPK1141A |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 29.11.2013
|
Names of Shareholders |
|
No. of Shares |
|
Nokia
Corporation, Finland |
|
35579299 |
|
Nokia Pte Limited, Singapore
|
|
1 |
|
Total |
|
35579300 |
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial
institution(s), Non-resident Indian(s) or Overseas Corporate bodies or Others |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the
business of assembling , manufacturing, marketing, distributing, buying,
selling, importing, exporting, repairing of cellular mobile telephone and development
of software related to cellular mobile phones. |
|
GENERAL INFORMATION
|
No. of Employees : |
Not available |
|
|
|
|
Bankers : |
The Hong Kong and Shanghai Banking Corporation Limited |
|
|
|
|
Banking
Relations : |
--- |
|
|
|
|
Auditors : |
|
|
Name : |
Price Waterhouse Chartered
Accountants |
|
Address : |
Building No.8, Tower B, 7th & 8th Floor, DLF Cyber
City, Gurgaon - 122002, Haryana,
India |
|
PAN No.: |
AAEFP3641G |
|
|
|
|
Holding Company: |
Nokia Corporation, Finland |
|
|
|
|
Subsidiary Company: |
Nokia Mobile Payment Services India Private Limited |
|
|
|
|
Subsidiary: |
v NOKIA ASSET MANAGEMENTOY v INTELLISYNC CORPORATION v HERE Solutions India Private Limited v NOKIA (CHINA) INVESTMENT CO. LTD v NOKIA AUSTRALIA PTY. LTD v NOKIA DENMARK A/S v NOKIA DO BRASIL TECNOLOGIA LTDA v NOKIA GATE5 GMBH v NOKIA GMBH v NOKIA HCL MOBILE INTERNET SERVICES PVT LTD v NOKIA INC v NOKIA INDIA SALES PRIVATE LIMITED v NOKIA INTERNATIONAL MOZAMBIQUE v NOKIA INTERNATIONALOY v NOKIA JAPAN CO. LTD v N O K I A KOMAROM KFT v NOKIA MAROC S.A.R.L. v NOKIA PAKISTAN MOBILE (PRIVATE) LTD v NOKIA PRODUCTS LTD v NOKIA ROMANIA S.R.L. v NOKIA SIEMENS NETWORKS OY v NOKIA SIEMENS TIETOLIIKENNEOY v N O K I A TELECOMMUNICATIONS LTD v NOKIA TMC LTD v NOKIA UK LTD v NOKIA WEST AFRICA (NIEGERIA) LIMITED v PT NOKIA SIEMENS NETWORKS v SYMBIAN SOFTWARE INDIA PRIVATE LIMITED v SYMBIAN SOFTWARE LTD v THUMBSPEED SOFTWARE SOLUTIONS PRIVATE LIMITED v NOKIA SOLUTIONS AND NETWORKS INDIA PRIVATE LIMITED v NOKIA MAXICO S.A. DE C.V. v NOKIA H. K. LTD v NOKIA PTE LTD |
CAPITAL STRUCTURE
As on: 29.11.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
36000000 |
Equity Shares |
Rs.10/- each |
Rs.360.000 Millions |
|
|
|
|
|
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
35579300 |
Equity Shares |
Rs.10/- each |
Rs.355.793
Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
|
31.03.2013 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
|
356.000 |
|
(b) Reserves & Surplus |
|
|
66019.000 |
|
(c) Money
received against share warrants |
|
|
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
|
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
|
66375.000 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
|
0.000 |
|
(b) Deferred tax liabilities (Net) |
|
|
0.000 |
|
(c) Other long term liabilities |
|
|
53.000 |
|
(d) long-term provisions |
|
|
0.000 |
|
Total Non-current Liabilities (3) |
|
|
53.000 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
|
0.000 |
|
(b) Trade payables |
|
|
37727.000 |
|
(c) Other current
liabilities |
|
|
238.000 |
|
(d) Short-term provisions |
|
|
86.000 |
|
Total Current Liabilities (4) |
|
|
38051.000 |
|
|
|
|
|
|
TOTAL |
|
|
104479.000 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i)
Tangible assets |
|
|
4785.000 |
|
(ii) Intangible Assets |
|
|
8.000 |
|
(iii) Capital
work-in-progress |
|
|
192.000 |
|
(iv)
Intangible assets under development |
|
|
0.000 |
|
(b) Non-current Investments |
|
|
0.000 |
|
(c) Deferred tax assets (net) |
|
|
771.000 |
|
(d) Long-term Loan and Advances |
|
|
5570.000 |
|
(e) Other Non-current assets |
|
|
0.000 |
|
Total Non-Current Assets |
|
|
11326.000 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
|
147.000 |
|
(b) Inventories |
|
|
6446.000 |
|
(c) Trade receivables |
|
|
80689.000 |
|
(d) Cash and cash
equivalents |
|
|
3141.000 |
|
(e) Short-term loans and
advances |
|
|
2730.000 |
|
(f) Other current assets |
|
|
0.000 |
|
Total Current Assets |
|
|
93153.000 |
|
|
|
|
|
|
TOTAL |
|
|
104479.000 |
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
356.000 |
355.793 |
|
|
2] Share Application Money |
|
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
|
60222.000 |
52081.067 |
|
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
60578.000 |
52436.860 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
0.000 |
0.000 |
|
|
2] Unsecured Loans |
|
0.000 |
0.000 |
|
|
TOTAL BORROWING |
|
0.000 |
0.000 |
|
|
DEFERRED TAX LIABILITIES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
60578.000 |
52436.860 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
5464.000 |
6232.356 |
|
|
Capital work-in-progress |
|
399.000 |
311.513 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
268.000 |
10.099 |
|
|
DEFERREX TAX ASSETS |
|
1182.000 |
1393.508 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
9286.000
|
11533.381
|
|
|
Sundry Debtors |
|
65922.000
|
74774.679
|
|
|
Cash & Bank Balances |
|
16422.000
|
11148.795
|
|
|
Other Current Assets |
|
36.000
|
0.000 |
|
|
Loans & Advances |
|
6826.000
|
22023.660
|
|
Total
Current Assets |
|
98492.000
|
119480.515
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
42269.000
|
29832.015
|
|
|
Other Current Liabilities |
|
1323.000
|
27111.496
|
|
|
Provisions |
|
1635.000
|
18047.620
|
|
Total
Current Liabilities |
|
45227.000
|
74991.131
|
|
|
Net Current Assets |
|
53265.000
|
44489.384
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
60578.000 |
52436.860 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
|
|
245034.000 |
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL (A) |
228420.000 |
245034.000 |
278524.700 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Administrative Expenses |
|
231159.000 |
264667.700 |
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL (B) |
220366.000 |
231159.000 |
264667.700 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
(Including
financial and depreciation expenses) |
13875.000 |
13857.000 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
30.000 |
33.700 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
13845.000 |
13823.300 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
2391.000 |
3097.700 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
8054.000 |
11454.000 |
10725.600 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
2257.000 |
3313.000 |
2516.800 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
5797.000 |
8141.000 |
8208.800 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export of Goods |
131547.000 |
115902.000 |
143332.776 |
|
|
|
Service Income |
2238.000 |
6883.000 |
5811.349 |
|
|
|
TOTAL EARNINGS |
133785 |
122785.000 |
149144.125 |
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
|
134958.000 |
172086.588 |
|
|
|
Stores & Spares |
|
1390.000 |
1886.462 |
|
|
|
Capital Goods |
|
887.000 |
-- |
|
|
|
Others |
|
-- |
46.826 |
|
|
TOTAL IMPORTS |
NA |
137235.000 |
174019.876 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
162.93 |
229.00 |
230.72 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
2.54 |
3.32
|
2.94
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
7.78 |
11.63
|
8.53
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.12 |
0.19
|
0.20
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.00 |
0.00
|
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.45 |
2.18
|
1.59
|
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Total Income |
278524.700 |
245034.000 |
228420.000 |
|
|
|
-12.024 |
-6.780 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Total Income |
278524.700 |
245034.000 |
228420.000 |
|
Profit |
8208.800 |
8141.000 |
5797.000 |
|
|
2.95% |
3.32% |
2.54% |
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 |
Yes |
|
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 |
PERFORMANCE OF THE
COMPANY:
The Company had entered into a Business Transfer Agreement (BTA) with Nokia India Sales Private limited (NISPL) on December 29, 2012 to sell the sales and marketing undertaking of the company which was engaged in the business of marketing, distribution and sale of mobile phones (including accessories) and services, as a going concern through a slump sale. Accordingly, with effect from December 30, 2012 the Company ceases the operation of marketing, distribution and sale of mobile phones, due to which the results of the current year are to such extent not comparable with those of the previous financial year.
The performance of the Company during the financial year 2012-13 was satisfactory. The total revenues decreased marginally by 6.78% (approximately) primarily due to transfer of sales and marketing undertaking of the company during the year. The Net profit before taxes has decreased by 29.68% (approximately) as compared to previous year. But despite of a fall in profit, as compared to the previous year, the directors of the Company are very optimistic and confident of an up beating and sustained operational performance of the Company in the upcoming financial years.
FUTURE PROSPECTS:
The future prospects of the Company seem to be quite promising. The Company has launched various smart phones under its flagship Lumia Series with Windows 8 platform under partnership with Microsoft and is confident of gaining large market share in smartphone segment. The company has also launched new models in Nokia Asha series also. Some of the models (Nokia Lumia Series and Nokia Asha series) among them are already a big hit throughout the nation. The Company is confident of other models also. There are various models which are yet to be launched into the market catering the specific needs of various sections of consumers into the market.
Further, Nokia Corporation (The Holding Company) had received an offer from Microsoft Corporation (?Microsoft?) for purchase of devices and services business of Nokia Corporation on a global basis. Accordingly, subsequent to year end, an agreement has been concluded on a global level for sale of devices and services business to Microsoft International B.V. (?Microsoft International?), a wholly owned subsidiary of Microsoft.
As per Agreement, in each country, Microsoft International had the option of purchasing substantially all the assets, properties, claims and rights of the Company or of purchasing the equity shares of the Company held by Nokia Corporation. Pursuant to the First and Second amendment to the Stock and Asset purchase agreement dated November 14, 2013, in India, Microsoft International has decided to purchase the relevant assets.
INDEX OF CHARGES: NO
CHARGES EXIST FOR THE COMPANY
FIXED ASSETS
·
Land
·
Buildings
·
Plant and equipment
·
Factory equipments
·
Furniture and fixtures
·
Vehicles
·
Office equipment
·
Computer equipments
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.59.87 |
|
|
1 |
Rs.100.98 |
|
Euro |
1 |
Rs.82.40 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
SBN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
7 |
|
OPERATING SCALE |
1~10 |
8 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
8 |
|
--PROFITABILIRY |
1~10 |
8 |
|
--LIQUIDITY |
1~10 |
8 |
|
--LEVERAGE |
1~10 |
9 |
|
--RESERVES |
1~10 |
9 |
|
--CREDIT LINES |
1~10 |
8 |
|
--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 |
Yes |
|
--AFFILIATION |
YES/NO |
Yes |
|
--LISTED |
YES/NO |
No |
|
--OTHER MERIT FACTORS |
YES/NO |
Yes |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
No |
|
--EPF |
YES/NO |
No |
|
TOTAL |
|
72 |
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.