|
|
|
MIRA INFORM REPORT
|
Report No. : |
504391 |
|
Report Date : |
19.04.2018 |
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
Palace, New Delhi – 110019 |
|
Tel. No.: |
91-124-4504000 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2016 |
|
|
|
|
Date of
Incorporation : |
01.11.2006 |
|
|
|
|
Com. Reg. No.: |
55-155149 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 2099.700 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U72900DL2006PTC155149 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Divulged |
|
|
|
|
TIN / CST No.: |
07190324978 |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
07AACCN3871F1ZI |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
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 to major telecom operators and Group Companies including software development services, manpower support and remote network management services. [Registered Activity] |
|
|
|
|
No. of Employees
: |
Information denied by the management |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A+ |
|
Credit Rating |
Explanation |
Rating Comments |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Nokia Solutions and Networks India Private Limited operate as a
subsidiary of “Nokia Solutions and Networks BV, Netherland. The company was incorporated
in the year 2006 and is based in New Delhi, India. It is an established
company having satisfactory track record. As per the Registrar of companies date of balance sheet (i.e.
financial filed) is shown as 31.03.2017 but documents related to the
financial for the year 31.03.2017 are not available from any sources. For the financial year ended 2016, the company has witnessed a growth
of 5.88% in its revenue as compared to the previous year’s revenue and has
achieved a fair net profit margin at 8.10%. Available financial indicates strong financial risk profile marked by
healthy networth base along with debt free balance sheet and favorable gap
between trade payables and trade receivables. Rating takes into consideration the company’s fair Earnings Per Share
(EPS) of INR 43.30 as against its Face Value (FV) of INR 10. The rating also derives strength as Nokia brand is back in the
smartphone business such as Nokia 3, Nokia 6, Nokia 7, Nokia D1C, Nokia C9
etc. are the upcoming Android smartphones in the year 2017. Further, the company also receives strong support from its holding
entity and its experienced management team. Trade relations are reported as fair. Business is active. Payment
seems to be as usually correct. In view of aforesaid, the company can be considered for business
dealings at usual trade terms and condition. |
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
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
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
31-03-2018
BIFR (Board for Industrial & Financial Reconstruction) LISTING STATUS
Subject’s name is not listed as a Sick Unit in
the publicly available BIFR (Board for Industrial & Financial
Reconstruction) list as of 19.04.2018
IBBI (Insolvency and Bankruptcy Board of India) LISTING STATUS
Subject’s name is not listed in the publicly
available IBBI (Insolvency and Bankruptcy Board of India) list as of report
date.
INFORMATION DENIED
Management Non-Cooperative (91-124-4504000 / 91-124-4504816 /
91-44-67111500 / 91-44-67111501)
LOCATIONS
|
Registered Office : |
1507, Regus Business Centre, Eros Corporate Towers, Level 15, Nehru
Palace, New Delhi – 110019, India |
|
Tel. No. : |
Not Available |
|
Fax No : |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Head Office : |
7th-8th Floor, Building 9A, Sector 25A, DLF
Cyber City, Gurugram, Haryana, India |
|
Tel. No.: |
91-124-4504000 |
|
|
|
|
Factory : |
Plot No OZ-8, 19, 20 and 21 SIPCOT, Electronic Hardware (Hi Tech) SEZ,
Oragadam, Kancheepuram – 603109, Panrutti Village, Sriperumbudur Taluk,
Tamilnadu, India |
|
Tel. No. : |
91-44-67111500/67111501 |
|
Fax No : |
91-44-67111724 |
DIRECTORS
AS ON 31.03.2018
|
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 |
||||||||
|
Qualification : |
Chartered Accountant, LL.B |
||||||||
|
Date of Appointment : |
29.09.2012 |
||||||||
|
DIN No.: |
00709793 |
||||||||
|
PAN No. : |
AAJPG1542L |
||||||||
|
|
|
||||||||
|
Name : |
Mr. Satendra Singh |
||||||||
|
Designation : |
Director |
||||||||
|
Address : |
G-202, The Atrium Apartment No.22, Kalashetra Road, Thiruvanmiyur, Chennai - 600041, Tamilnadu, India |
||||||||
|
Date of Birth/Age : |
28.06.1971 |
||||||||
|
Qualification : |
Masters in Manufacturing Management |
||||||||
|
Date of Appointment : |
05.05.2008 |
||||||||
|
DIN No.: |
02122153 |
||||||||
|
PAN No. : |
AOUPS6166B |
||||||||
|
|
|
||||||||
|
Name : |
Mr. Sanjay Ajmera |
||||||||
|
Designation : |
Director |
||||||||
|
Address : |
701, T 6, Sohna Road Near Omax Mall, Orchid Petals, Sohna Road, Gurugram – 122002, Haryana, India |
||||||||
|
Date of Birth/Age : |
31.01.1973 |
||||||||
|
Qualification : |
Chartered Accountant |
||||||||
|
Date of Appointment : |
30.09.2010 |
||||||||
|
DIN No.: |
03065149 |
||||||||
|
PAN No. : |
AEBPA0075N |
||||||||
|
Other Directorship:
|
|||||||||
|
|
|
||||||||
|
Name : |
Saguna Vaid |
||||||||
|
Designation : |
Director |
||||||||
|
Address : |
Espace No-367, Nirvana Country South City-2 Sector-50, Islampur (97) Gurugram – 122018, Haryana, India |
||||||||
|
Date of Birth/Age : |
20.02.1969 |
||||||||
|
Date of Appointment : |
28.08.2015 |
||||||||
|
DIN No.: |
03159237 |
||||||||
|
|
|
||||||||
|
Name : |
Mr. Sanjay Malik |
||||||||
|
Designation : |
Director |
||||||||
|
Address : |
11/366, First Floor, Sunder Vihar, Paschim Vihar, New
Delhi – 110087, India |
||||||||
|
Date of Appointment : |
30.09.2016 |
||||||||
|
DIN No.: |
07607930 |
||||||||
KEY EXECUTIVES
|
Name : |
Mr. Mukul Bajaj |
|
Designation : |
Company Secretary |
|
Address : |
1654, Sector – 28, Faridabad – 121008, Haryana, India |
|
Date of Appointment : |
08.08.2013 |
|
PAN No.: |
AFPPB2933K |
MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Nokia Solutions and Networks B.V., The Netherlands |
|
209965990 |
|
Nokia Solutions and Networks Branch Operations Oy, Finland |
|
10 |
|
|
|
|
|
Total |
|
209966000 |
Equity Share Break up (Percentage of Total Equity)
AS ON 28.09.2017
|
Category |
Percentage |
|
Promoters [Bodies
corporate] |
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 to major telecom operators and Group Companies including software development services, manpower support and remote network management services. [Registered Activity] |
||||||||||||||
|
|
|
||||||||||||||
|
Products / Services
: |
|
||||||||||||||
|
|
|
||||||||||||||
|
Brand Names : |
Not Available |
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|
|
||||||||||||||
|
Agencies Held : |
Not Available |
||||||||||||||
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|
|
||||||||||||||
|
Exports : |
Not Divulged |
||||||||||||||
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|
|
||||||||||||||
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Imports : |
Not Divulged |
||||||||||||||
|
|
|
||||||||||||||
|
Terms : |
Not Divulged |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
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|
|
||||||||||||||||||||||
|
Customers : |
|
||||||||||||||||||||||
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||||||||||||||||||||||
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No. of Employees : |
Information denied by the management |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
|
|
Auditors : |
|
|
Name : |
Price Waterhouse and Company LLP Chartered Accountants |
|
Address : |
Building No. 08. 7th and 8th Floor, Tower B, DLF Cyber City, Phase II, Gurugram – 122002, Haryana, India |
|
PAN No.: |
AAHFP0187A |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Ultimate Holding
Company : |
· Nokia Corporation, Finland |
|
|
|
|
Holding Company of
Nokia Solutions and Networks BV : |
· Nokia Oyj, Finland |
|
|
|
|
Holding Company : |
· Nokia Solutions and Networks BV, Netherlands |
|
|
|
|
Fellow Subsidiaries
: |
· Nokia India Private Limited, India · Nokia Solutions and Networks MEA FZ-LLC, United Arab Emirates · Nokia Solutions and Networks Argentina S.A., Argentina · Nokia Solutions and Networks Australia Pty. Limited, Australia · Nokia Solutions and Networks Baku LLC, Azerbaijan · Nokia Solutions and Networks d.o.o., Sarajevo, Bosnia-Herzegovina · Nokia Solutions and Networks d.o.o. Banja Luka, Bosnia-Herzegovina · Nokia Solutions and Networks EOOD, Bulgaria · Nokia Solutions and Networks ,Brazil · Nokia Solutions and Networks Canada Inc., Canada · Nokia Solutions and Networks Chile Limited, Chile · Nokia Solutions and Networks System Technology (Beijing) Co. Limited, China · Nokia Solutions and Networks Neu CommTech Co., Limited, China · Nokia Solutions and Networks (Shanghai) Limited, China · Nokia Solutions and Networks Colombia Ltda., Colombia · Nokia Solutions and Networks Czech Republic s.r.o., Czech Republic · Nokia Solutions and Networks GmbH & Co. KG, Germany · Nokia Solutions and Networks Deutschland GmbH, Germany · Nokia Solutions and Networks Algeria · Nokia Solutions and Networks Ecuador S.A., Ecuador · Nokia Solutions and Networks (SAE) ,Egypt · Nokia Solutions and Networks Spain, S.L., Spain · Nokia Solutions and Networks Oy, Espoo Finland · Nokia Solutions and Networks Asset Management Oy, Espoo Finland · Nokia Solutions and Networks, Albania · Nokia Siemens Tietoliikenne Oy, Ivory Coast · Nokia Solutions and Networks, Georgia · Nokia Solutions and Networks, Iraq · Nokia Solutions and Networks, Iran · Nokia Solutions and Networks, Kenya · Branch of Nokia Solutions and Networks, Cambodia · Nokia Solutions and Networks , Lebanon branch, Lebanon · Nokia Solutions and Networks branch operations oy, Madagascar · Nokia Solutions and Networks branch operations oy, Malawi · Nokia Solutions and Networks branch operations oy, Mozambique · Nokia Solutions and Networks, Qatar · Nokia Solutions and Networks, Saudi Arabia · Nokia Solutions and Networks, Uganda · Nokia Siemens Tietoliikenne Oy - Yemen branch, Yemen · Nokia Solutions and Networks Branch Operations, Zambia · Nokia Solutions and Networks France · Nokia Solutions and Networks Hellas A.E., Greece · Nokia Solutions and Networks d.o.o., Bosnia-Herzegovina · Nokia Solutions and Networks Hungary · PT Nokia Solutions and Networks Indonesia · Nokia Solutions and Networks Israel Limited, Israel · Nokia Solutions and Networks Italia S.p.A., Italy · Nokia Solutions and Networks Japan Corp., Japan · Nokia Solutions and Networks Korea Limited, Korea · Nokia Solutions and Networks Morocco · Nokia Solutions and Networks Mexico · Nokia Solutions and Networks, Malaysia · Nokia Solutions and Networks Nigeria Limited, Nigeria · Nokia Solutions and Networks NZ Limited, New Zealand · Nokia Solutions and Networks Peru S.A., Peru · Nokia Solutions and Networks Philippines Inc., Philippines · Nokia Solutions and Networks Pakistan (Private) Limited, Pakistan · Nokia Solutions and Networks, Poland · Nokia Solutions and Networks Portugal S.A., Portugal · Nokia Solutions and Networks Romania SRL, Romania · Nokia Solutions and Networks Serbia d.o.o. Beograd, Serbia · Nokia Solutions and Networks Singapore Pte. Limited, Singapore · Nokia Solutions and Network d.o.o., Slovenia · Nokia Solutions and Networks Slovakia s.r.o., Slovakia · Nokia Solutions and Networks (Thailand) Limited, Thailand · Nokia Solutions and Networks Tunisia S.A., Tunisia · Nokia Solutions Networks, Turkey · Nokia Solutions and Networks Taiwan Co. Limited, Taiwan · Nokia Solutions and Networks Tanzania Limited, Tanzania · LLC Nokia Solutions and Networks Ukraine · Nokia Solutions and Networks US LLC, USA · Nokia Solutions and Networks de Venezuela C.A., Venezuela · Nokia Solutions and Networks Technical Services, Vietnam · Nokia Solutions and Networks Holdings (Pty) Limited, South Africa · Nokia Solutions and Networks South Africa (Pty) Limited, South Africa · Nokia Solutions and Networks Bangladesh Limited, Bangladesh · Nokia Solutions and Networks Egypt LLC, Egypt · Nokia Solutions and Networks, Syria · Nokia Solutions and Networks ,Wien · Nokia Solutions and Networks Belgium NV, Belgium · Nokia Solutions and Networks Bolivia S.A., Bolivia · Nokia Solutions and Networks, Jordan · Nokia Solutions and Networks Kazakhstan LLP, Kazakhstan · Nokia Solutions and Networks (Suzhou) ,China · Nokia Solutions and Networks Branch Operations Oy, Iraq · Nokia Solutions and Networks Myanmar Limited, Myanmar · Nokia Solutions and Networks, Ghana · Nokia Solutions and Networks, Mali · Nokia Solutions and Networks, Rwanda · Nokia Solutions and Networks, Kosovo · Nokia Solutions and Networks LLC, Russia · Nokia Solutions and Networks (Tianjin) Co. Limited, China · Nokia Solutions and Networks UK Limited, United Kingdom · Nokia Solutions and Networks - Technologies ,Israel · Nokia Solutions and Networks Fi, Netherland · Apertio Limited, United Kingdom · Nokia Solutions and Networks H.K. Limited, Hong Kong · Here Solutions India Private Limited, India · Nokia Solutions and Networks do Brasil Telecomunicacoes Ltda, Brazil · Nokia Siemens Tietoliikenne Oy Macao Branch · Nokia Siemens Tietoliikenne Senegal Branch, Senegal · Pishahang Communication Networks Development Company, Iran |
|
|
|
|
Associates of
Holding Company : |
· Nokia Solutions and Networks Technology Service Limited, China · Nokia Solutions Networks Kuwait Company W.L.L., Kuwait |
CAPITAL STRUCTURE
AS ON 28.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
215000000 |
Equity Shares |
INR 10/- each |
INR 2150.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
209966000 |
Equity Shares |
INR 10/- each |
INR 2099.700 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are in
INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
2099.700 |
2099.700 |
2099.700 |
|
(b) Reserves and Surplus |
23722.500 |
16021.100 |
14718.500 |
|
(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) |
25822.200 |
18120.800 |
16818.200 |
|
|
|
|
|
|
(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 |
4929.800 |
1487.100 |
480.100 |
|
(d) long-term
provisions |
1708.300 |
2392.500 |
2148.200 |
|
Total Non-current
Liabilities (3) |
6638.100 |
3879.600 |
2628.300 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade
payables |
22387.600 |
26230.200 |
26763.000 |
|
(c) Other
current liabilities |
22258.300 |
10602.800 |
11286.900 |
|
(d) Short-term
provisions |
2226.700 |
1893.900 |
2619.300 |
|
Total Current
Liabilities (4) |
46872.600 |
38726.900 |
40669.200 |
|
|
|
|
|
|
TOTAL |
79332.900 |
60727.300 |
60115.700 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
5158.300 |
5282.600 |
4484.800 |
|
(ii)
Intangible Assets |
12.600 |
23.900 |
32.200 |
|
(iii) Tangible assets
capital work-in-progress |
151.300 |
171.200 |
363.500 |
|
(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) |
2895.500 |
3154.300 |
3270.800 |
|
(d)
Long-term loans and advances |
3296.200 |
2602.700 |
1378.000 |
|
(e) Other
Non-current assets |
0.400 |
0.200 |
0.200 |
|
Total Non-Current
Assets |
11514.300 |
11234.900 |
9529.500 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a) Current
investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
10889.000 |
9902.900 |
7483.800 |
|
(c) Trade
receivables |
44033.900 |
31822.500 |
33680.000 |
|
(d) Cash and
bank balances |
8400.500 |
5380.700 |
6548.800 |
|
(e) Short-term
loans and advances |
1235.400 |
720.900 |
947.600 |
|
(f) Other
current assets |
3259.800 |
1665.400 |
1926.000 |
|
Total
Current Assets |
67818.600 |
49492.400 |
50586.200 |
|
|
|
|
|
|
TOTAL |
79332.900 |
60727.300 |
60115.700 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
||
|
|
SALES |
|
|
|
||
|
|
|
Income |
112252.000 |
106020.600 |
80485.400 |
|
|
|
|
Other Income |
2342.700 |
178.000 |
3739.800 |
|
|
|
|
TOTAL |
114594.700 |
106198.600 |
84225.200 |
|
|
|
|
|
|
|
||
|
Less |
EXPENSES |
|
|
|
||
|
|
|
Cost of Materials
Consumed |
31708.400 |
33307.500 |
26523.900 |
|
|
|
|
Purchases of
Stock-in-Trade |
25753.700 |
26004.700 |
15697.200 |
|
|
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(1467.500) |
(2423.300) |
(825.200) |
|
|
|
|
Employee benefit expense |
18398.400 |
15433.100 |
13435.600 |
|
|
|
|
CSR expenditure |
135.600 |
10.000 |
0.000 |
|
|
|
|
Other expenses |
24317.600 |
21063.800 |
18204.500 |
|
|
|
|
Prior period items |
0.000 |
264.200 |
389.700 |
|
|
|
|
TOTAL |
98846.200 |
93660.000 |
73425.700 |
|
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
15748.500 |
12538.600 |
10799.500 |
||
|
|
|
|
|
|
||
|
Less |
FINANCIAL
EXPENSES |
524.100 |
111.700 |
42.900 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION |
15224.400 |
12426.900 |
10756.600 |
||
|
|
|
|
|
|
||
|
Less |
DEPRECIATION/
AMORTISATION |
1765.300 |
1771.300 |
1648.800 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE TAX |
13459.100 |
10655.600 |
9107.800 |
||
|
|
|
|
|
|
||
|
Less |
TAX |
4367.800 |
3526.700 |
2821.400 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
AFTER TAX |
9091.300 |
7128.900 |
6286.400 |
||
|
|
|
|
|
|
||
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
||
|
|
|
F.O.B. Value of Exports |
35573.600 |
34472.700 |
30937.100 |
|
|
|
TOTAL EARNINGS |
35573.600 |
34472.700 |
30937.100 |
||
|
|
|
|
|
|
||
|
|
IMPORTS |
|
|
|
||
|
|
|
Raw Materials |
0.000 |
26352.700 |
22486.600 |
|
|
|
|
Components and spare parts |
27894.200 |
21599.200 |
18892.500 |
|
|
|
|
Capital Goods |
0.000 |
1383.100 |
1216.900 |
|
|
|
TOTAL IMPORTS |
27894.200 |
49335.000 |
42596.000 |
||
|
|
|
|
|
|
||
|
|
Earnings /
(Loss) Per Share (INR) |
43.30 |
33.95 |
29.94 |
||
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
9037.400 |
11125.200 |
13616.500 |
|
Net cash flows from (used in) operating activities |
4655.500 |
7199.400 |
10005.700 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
143.18 |
109.56 |
152.74 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
2.55 |
3.33 |
2.39 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
142.21 |
161.42 |
231.37 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
1.45 |
1.27 |
1.44 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
2.96 |
2.29 |
2.21 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.59 |
0.64 |
0.68 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
1.82 |
2.14 |
2.42 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.21 |
0.30 |
0.29 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
30.05 |
112.25 |
251.74 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
PAT to Sales ((PAT
/ Sales) * 100) |
% |
8.10 |
6.72 |
7.81 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
11.46 |
11.74 |
10.46 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
35.21 |
39.34 |
37.38 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.45 |
1.28 |
1.24 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current Liabilities) |
1.21 |
1.02 |
1.06 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.33 |
0.30 |
0.28 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.45 |
1.28 |
1.24 |
Total
Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term
debts
FINANCIAL ANALYSIS
[all figures are
in INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Share Capital |
2099.700 |
2099.700 |
2099.700 |
|
Reserves & Surplus |
14718.500 |
16021.100 |
23722.500 |
|
Net
worth |
16818.200 |
18120.800 |
25822.200 |
|
|
|
|
|
|
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 |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Sales |
80485.400 |
106020.600 |
112252.000 |
|
|
|
31.726 |
5.878 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Sales |
80485.400 |
106020.600 |
112252.000 |
|
Profit/ (Loss) |
6286.400 |
7128.900 |
9091.300 |
|
|
7.81
% |
6.72
% |
8.10
% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
No |
|
8 |
Designation of contact person |
No |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
Yes |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
No |
|
21 |
Banking facility details |
No |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
No |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
Litigations that the firm/promoter
involved in |
-- |
|
32 |
Market information |
-- |
|
33 |
Payments terms |
No |
|
34 |
Negative Reporting by Auditors in the
Annual Report |
No |
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, manpower support and remote network management services to its holding Company and fellow subsidiaries.
COMPANY OVERVIEW
The company was incorporated in 2006 and commenced business operations on April 1, 2007 as a subsidiary of Nokia Solutions and Networks B.V. (formerly known as Nokia Siemens Networks B.V.). The growth of the Company over the past years has indicated that India is one significant market with scope for tremendous growth. As the Nokia Solutions and Networks group became wholly owned subsidiary of Nokia, the company’s name was also changed to Nokia Solutions and Networks India Private Limited with effect from 01 October 2013.
The company acted as a limited risk manufacturer, trader and supplier of Nokia Solutions and Networks group’s network equipment and services in India. It also provides support services in the nature of software development through the technology centre; remote network management services through global delivery centres, centralized solution support thru GSS and various global back end operations including internal audits, P2P etc. The company has been making grounds into technology and research to further elevate its brand position, the company is constantly striving to ensure that it remains one of the key market players and is seeking to not only retain but further widen its market share.
INDEX OF CHARGE: NO
CHARGES EXISTS FOR COMPANY
FIXED ASSETS:
· Land
· Buildings
· Plant and Equipment
· Furniture and Fixtures
·
Vehicles
PRESS RELEASE:
NOKIA TO BUY IP NETWORK
ANALYTICS FIRM DEEPFIELD
Finnish telecom network equipment maker Nokia
said it was planning to acquire Deepfield, a small IP network Analytics Company
based in the United States.
The price of the deal was not disclosed.
Deepfield was founded in 2011 and it has about 65 employees.
The deal is expected to close early 2017,
Nokia said.
NOKIA IS NOW INDIA'S TOP 4G LTE NETWORK
VENDOR: INDIA HEAD SANJAY MALIK
Dec 16, 2016
NEW DELHI: Nokia is now India’s top 4G LTE
vendor, having bagged 120 contracts from telecom operators so far in 2016, says
the Finnish telecom gear maker’s country head Sanjay Malik. In his first
interview since taking charge, he tells ET’s Danish Khan that the company’s
business with existing customers will only grow as they look to transform their
back-end networks for delivering high-speed bandwidth services. Edited excerpts
Which areas have you decided to focus on?
We are number one in
LTE (4G) market on the basis of all deals that concluded before and after the
spectrum auction. Most of it has been done. We are number one in terms of
circles and number of base stations which are going to be rolled out.
Our market share
in 4G has been higher than 3G and 3G market share was higher than 2G.
Similarly, we are number one in VoLTE solution, with a significant lead. It's
almost 100% market share. Furthermore, our managed services business in also
growing.
Our deals in the
existing service providers will grow with IP, optics and fixed networks
requirements. We will be growing in this space at very high pace
We are expanding
into segments beyond the service provider segment. We have selected five of the
industry segments - energy (utility and oil and gas), transportation, public
sector (railways, aviation, and smart cities), large enterprises and web scale
companies. Because of digitisation, these segments require high capacity and
efficient network, and that’s where our solutions are.
We are investing
in the IoT (Internet of Things) lab that will help us in addressing the need of
new customers and winning larger share in that market.
How many deals has Nokia won in India
this year?
We have bagged 120 deals in this calendar
year, which is almost double as compared to that last year.
How do you view the Indian market?
The Indian market is seeing huge data
growth, and it will require both coverage and capacity, and that’s where a
majority of telcos’ investment will happen. Besides 4G and building a seamless
broadband experience, telcos will have to adopt IoT as well. Telcos are also
looking to optimise their cost of operations to keep it at a minimum
Our portfolio goes
beyond mobility into optics, IP and fixed networks, along with applications and
software, and it is much better than the competition.
Have telcos
started deploying networks in the 2500 MHz band?
Contracts are
being done for both FDD and TDD technologies, covering most of the bands. When
the 2300 MHz came in, we didn’t have the device ecosystem but within a couple
of years, the market was flooded with supported devices. 2300 Mhz saw huge
demand in recent auctions. 2500 MHz will build up very fast. The telcos will
have to build up for both capacity and coverage, and this band will be used for
capacity going forward.
How do you
look at the competition in India?
We do fight in a
competitive environment, but definitely the operators do look at the
technology, which we provide through our products and solutions along with
services.
Where does
Nokia stand in managed services business?
We manage very
large number of base stations of around 200,000 and subscribers across India.
We do large managed services for operators across India. Overall services,
including managed services, after sales maintenance and even the system
integration, is a very substantial component for our business in India.
Beyond mobility
managed services, we are now expanding into some of the adjacent managed
services, such as enterprise managed services and IT managed services.
Have 2G, 3G roll-outs slowed down in
India?
The whole roll-out is moving towards 4G LTE
as it delivers data at much lower costs and much higher efficiency. 2G roll-out
will continue, keeping rural growth in mind. From an industry perspective, more
capex is going towards 4G and lesser compared to earlier on 3G. Depending upon
spectrum situation and carriers, there will be a co-existence of 3G and 4G for
data layer. And for carrying the voice traffic, it would be still kept with 3G.
The Nokia
CEO recently warned of a shrinking telecom equipment market. Are you seeing the
same trend in India?
In India, for 4G
and network business, it is still in the early stages. Still a large population
needs to be covered with 4G technology. 4G will go to a very significant
proportion of the 2G coverage also.
Before the
spectrum auctions, gear vendors were under pressure due to poor business. Has
the situation changed now?
There is clarity
in terms of spectrum. The spectrum scarcity problem has transformed into
spectrum abundance. Now telcos know what is to be done for the next couple of
years.
Is consolidation in telecom industry a
boon or bane for equipment vendors?
Global trend suggests that there has to be a
smaller number of telcos. Based on that increased competitive pressure,
consolidation will happen. If the industry players are healthy, it is good for
us. If consolidation helps in making the telcos stronger, it is good for Nokia
in India.
Are telcos investing in just LTE
coverage or has the capacity expansion kicked off already?
Based on digitisation and data growth, there are pockets where capacity expansion is also happening. In last year also, some capacity expansion happened in India. We as consumers see the coverage part. Going forward, it would be both coverage and capacity.
Most of data still
gets generated indoor, which is capacity, which can be addressed through
capacity solutions.
Are you
seeing an increased adoption of small cells and other indoor solutions?
We are seeing
better adoption of small cells than it used to be. It is happening. There will
be much more adoption of small cells and WiFi offload as capacity needs
increase in India.
What about
IP and Optics?
Telcos are driving
this growth based on data uptake and requirement for bandwidth and backhaul. We
have entered into the cable segment or MSO with our IP and GPON solution.
Besides, we are also working with large enterprises.
Please shed
some light on Nokia’s R&D and manufacturing facilities?
We have large
R&D in Bengaluru and Chennai. These centers are into providing R&D for
technologies like VoLTE, IoT, customer experience management and LTE. We have
6000 employees in Bengaluru only associated with high-tech solutions.
Chennai R&D
center works on fixed and smart home solutions with 3000 employees. They are
supporting network technologies around the globe. We have a factory as well,
which serves to global markets as well. 50% of manufacturing output is
addressing global markets.\
Besides, we have Global Delivery Centers in
Chennai and Noida, which take care of managed services, roll out integration,
after sales, hardware services along with customer experience. We are
supporting networks in 86 countries out of these two locations.
NOKIA IN TALKS WITH INDIAN
TELECOM OPERATORS OVER 5G NETWORKS
May 24 2016
New Delhi: Nokia Networks is in
talks with Indian telecom operators to start trials of next generation 5G
networks even as the country is yet to see full-scale roll out of 4G technology
based mobile voice and data services.
The Finnish telecom equipment maker is
already testing the fifth-generation networks with global telecom giants like
US-based Verizon, Korean SK Telecom and Japan’s NTT Docomo.
The 5G technology will guarantee delivery of
100 megabit per second speed at homes and will be capable of handling 1000
times more data traffic when it will be commercialised by 2020, Nokia Networks
head of Mobile Broadband Milivoj Vela said on the sidelines of an event on
Tuesday.
In India, Nokia Networks is part of
Telecommunications Standards Development Society which is working on 5G, and is
in discussion with telecom operators to start 5G trials. However, Indian telcos
are still investing in 4G technology to roll out the fourth generation networks
and large parts of the country are yet to be covered under the high-speed data
and voice services.
Talking about 5G networks, Vela said that 5G
will focus on data services while voice calls will be facilitated through 4G
technology.
“It will be used for purposes beyond voice
and data communications carried by people today. It will has less than 1
millisecond latency that will be used by machines for quick action like for to
stop in case it identifies any obstacle, surgery from remote location etc,”
Vela said.
“Discussion about spectrum (at global level)
in which 5G will operate will finish by 2019. Commercial 5G deployment will
start in 2020. Then you will see 100 mbps guaranteed speed everywhere,” Vela
added.
He said that 5G will operate in spectrum band
above 6000 Mhz and the technology will be launched in phases.
“One cell (mobile antenna) in 5G will be able
to handle 1000 times more data traffic in 2020 compared to data traffic in
2010. We have already achieved 1 million devices connected to single cell site
and 30 gbps speed on 73 Ghz band in lab,” Vela said.
At present spectrum band between 700 Mhz and
2.6 Ghz are available for mobile services in India. Wifi services are generally
used between 2.4 Ghz to 5.9 Ghz.
“Already 4G is taking voice calling to high
definition voice calls and voice call cannot be better than this. 5G will about
high quality data experience. It will enhance telepresence (web conferencing)
to a level where one will not feel the difference if a person is in room or on
telepresence,” Vela said.
NOKIA BAGS $230 MN 4G
NETWORK DEAL FROM AIRTEL IN 9 CIRCLES
October 17, 2016
Telecom gear
maker Nokia has bagged
$230-million 4G network deal from Bharti Airtel in nine telecom service
areas. “We have a long history of working with Bharti Airtel and with
this latest agreement we have become the largest supplier of 4G for the
company,” Sanjay Malik, Head of India Market at Nokia said in a statement. “This
network expansion will provide the capacity, coverage and speed the
company needs to meet the next wave of data demand in India,” he
said. Nokia will deploy its available 4G network technologies across
nine of Bharti Airtel’s circles in India including the regions of Gujarat, Madhya
Pradesh, Bihar, Rest of Bengal, Odisha, Mumbai, Maharashtra, Kerala and UP
East, the statement said.
The coverage expansion will include major
cities such as Lucknow, Ahmedabad, Patna and Siliguri. “We are pleased
to continue to leverage Nokia’s leading radio access technology and
services expertise to expand 4G capacity and coverage and further increase
the quality of service for subscribers,” Bharti Airtel said in the
statement. However, Nokia and Airtel did not comment on the value
of the deal.
According to sources, the fresh deal between
the two companies is estimated to be around $230 million. The new
agreement with Nokia will see Airtel expand the deployment of 4G
technology in three new circles in addition to six circles it already
serves, enabling launch of new services that started in September.
“Nokia will also expand the operator’s 3G
network in eight of the territories as part of this rollout and
modernization of legacy 2G BTS,” the statement said. Agreement
between Nokia and Bharti Airtel will enhance coverage and access in urban,
suburban and rural areas within nine circles in India, it added.
NOKIA UPCOMING ANDROID
SMARTPHONE LIST 2017: SPECS & PRICE IN INDIA
Nokia Upcoming Phones Android: The
esteem Nokia brand is back in the smartphone business and this time with some
exciting surprises. Here I have compiled a list of Nokia 2017 upcoming mobiles
which are embedded with Android operating system. Nokia D1C, Nokia P1, Nokia
E1, Nokia EDGE & Nokia C1 are the upcoming Android smartphones in the year
2017.
In a race of Android smartphones, Nokia is a
newcomer but an old & experienced brand with the huge following. We all
remember those days when even iPhones can’t beat Nokia mobile’s camera quality
which was previously operated on Symbian operating system. Nokia realized the
importance of investing in Android based smartphone which ranks much higher
with respect to other operating systems like iOS.
Past decade Nokia was downfalling continuously due to the popularity of other OS based smartphones and eventually it got into the hands of Microsoft until now. But since the non-compete clause with Microsoft is going to end in 2017, Nokia grabbed this opportunity to regain its position in the smartphone industry with its own Brand name and value.
NOKIA OUTPACES ERICSSON IN
FIRST QUARTER AS NETWORK MARKET RECOVERS
April 28, 2017
HELSINKI (Reuters) - Finnish telecom networks
equipment maker Nokia reported a slowing rate of sales decline on Thursday,
saying the global networks market was showing signs of recovery, particularly
in North America and India.
Nokia outpaced its troubled Swedish rival
Ericsson in the quarter and analysts said the Finnish company was better
positioned to win future business, thanks to its recent acquisition of
Franco-American rival Alcatel-Lucent.
Network gear vendors have struggled in recent
years as telecom operators' demand for faster 4G mobile broadband equipment has
peaked, and upgrades to next-generation 5G equipment are still years away.
Nokia said business momentum was now
improving, and reported first-quarter network sales down 6 percent from a year
earlier at 4.9 billion euros ($5.3 billion) - compared with a decline of 14
percent in the previous quarter.
Ericsson on Tuesday posted a first-quarter
revenue drop of 13 percent for its networks business.
"We slowed the rate of topline decline
and generated healthy orders in what is typically a seasonally weak quarter for
us... We saw encouraging stabilization in Mobile Networks topline," Nokia
Chief Executive Rajeev Suri told reporters in a conference call.
He said North America and India were the most
encouraging regions, while Japan, South Korea and parts of Southeast Asia were
also picking up.
"There are some opportunities in
China... but (in general) it is clearly going to be a weak market this
year," he added.
Nokia's group operating profit in the quarter
fell 1 percent from a year earlier to 341 million euros, slightly ahead of
analysts' average forecast of 334 million euros in a Reuters poll.
Shares in the company rose 4.4 percent by
0721 GMT to their highest in 20 months.
"It is now a question of waiting for
revenue stabilization and recovery... Beyond 2017, we believe the combination
of a recovery in the market and execution on synergies can drive earnings power
well above today's level," said Bernstein analysts, who rate the stock as
"outperform", in a note.
Nokia repeated that it expects its networks
sales to decline in the full year, in line with the market.
Nokia's acquisition of Alcatel-Lucent in a
15.6 billion euro ($17 billion) all-share deal last year gave it a larger
fixed-line network business and made it less dependent on mobile broadband
demand.
Suri said Nokia was on track to cut 1.2
billion euros of annual costs by 2018 as it integrates Alcatel.
Nokia was once known as the world's biggest
mobile phone maker, but it got caught out by the rise of smartphones and ended
up selling the handset business to Microsoft in 2014.
This year, however, the Finnish company's
name is returning to the handset market as a Finnish company, HMD Global,
launched new Nokia phones under a licensing deal.
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 records 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
|
INR |
|
US Dollar |
1 |
INR 65.68 |
|
|
1 |
INR 93.98 |
|
Euro |
1 |
INR 81.30 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
NYT |
|
|
|
|
Report Prepared
by : |
NKT |
SCORE FACTORS
|
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 |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
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 are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.