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|
MIRA INFORM REPORT
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Report No. : |
484059 |
|
Report Date : |
04.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
SAMSUNG INDIA ELECTRONICS PRIVATE LIMITED (w.e.f. 25.07.2005) |
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Formerly Known
As : |
SAMSUNG INDIA ELECTRONICS LIMITED |
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Registered
Office : |
A-25, Ground Floor, Front Tower, Mohan Co-operative Industrial Estate,
New Delhi – 110044 |
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Tel. No.: |
91-124-4881234 |
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|
Country : |
India |
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Financials (as
on) : |
31.03.2016 |
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Date of
Incorporation : |
03.08.1995 |
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Com. Reg. No.: |
55-071387 |
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Capital
Investment / Paid-up Capital : |
INR 2168.000 Million |
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|
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CIN No.: [Company Identification
No.] |
U31900DL1995PTC071387 |
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IEC No.: |
Not Available |
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GSTIN : |
Not Available |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AAACS5123K |
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|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
The company is engaged in manufacturing and trading of
audio visual products, home appliances, information technology products, hand
held phones, networking equipments and development and export of software. [Registered Activity] |
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|
|
|
No. of Employees
: |
Not Available |
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 |
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Maximum Credit Limit : |
USD 290000 |
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Status : |
Excellent |
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Payment Behaviour : |
Regular |
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Litigation : |
Exist |
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Comments : |
Subject was incorporated in the year 1995. It is a subsidiary of
Samsung Electronics Company Limited, Korea. It is engaged in manufacturing
and trading of audio visual products, home appliances, information technology
products, hand held phones, networking equipments and development and
exporter of software. Management has not filed its financial record with government
department for the year 2017 and same are not available from any other
sources. For the financial year 2016, the company has achieved 19.32% growth in
its revenue and has reported fair profitability margin of 6.49%. Rating takes into consideration the company’s favourable Earnings Per
Share (EPS) of INR 138.85 against the Face Value (FV) of INR 10. The strong financial position of the company is marked by healthy net
worth base, satisfactory liquidity position and zero debt balance sheet
profile. Trade relations are fair. Business is active. Payments are reported to
be regular and as per commitments. 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 (30.06.2017) |
Current Rating (30.09.2017) |
|
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
31-03-2016.
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 04.01.2018.
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.
LOCATIONS
|
Registered Office : |
A-25, Ground Floor, Front Tower, Mohan Co-operative Industrial Estate,
New Delhi – 110044, India |
|
Tel. No.: |
Not Available |
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Fax. No.: |
Not Available |
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E-Mail : |
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Website : |
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|
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Manufacturing Unit 1 : |
Plot No.1, P-1, SIPCOT Industrial Park, Phase II, Sunguvarchatram, Kancheepuram District, Tamilnadu, India |
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|
|
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Manufacturing Unit 2 : |
B-1, Sector-81, Phase-2, Noida – 201305, Uttar Pradesh, India |
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Head
Office: |
20-24th Floors, Two Horizon Centre, Golf Course Road, Sector – 43, DLF Phase-V, Gurugram – 122002, Haryana, India |
|
Tel. No.: |
91-124-4881234 |
|
Fax. No.: |
91-124-4881415/ 4882122 |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Hyun Chil Hong |
|
Designation : |
Managing Director |
|
Address : |
The Westin Gurugram, No. 1, MG Road, Gurugram
- 122002, Haryana, India |
|
Date of Birth/Age : |
23.07.1967 |
|
Qualification : |
Masters |
|
Date of Appointment : |
02.02.2015 |
|
DIN No.: |
07082624 |
|
|
|
|
Name : |
Byunggwan Yun |
|
Designation : |
Whole-time Director |
|
Address : |
K-110, 2nd Floor Hauz Khas Enclave, New Delhi - 110016,
India |
|
Date of Birth/Age : |
20.11.1970 |
|
Qualification : |
B.E. |
|
Date of Appointment : |
01.02.2016 |
|
DIN No.: |
07419521 |
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|
|
|
Name : |
Daegon Koh |
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Designation : |
Whole-Time Director |
|
Address : |
B-1104, B-Block, Tower 2 and 3, The Crest Apartment, No. 142 Velachery Main Road, Velachery, Chennai-600042, Taminadu, India |
|
Date of Appointment : |
30.08.2017 |
|
DIN No.: |
07924307 |
|
|
|
|
Name : |
Gautam Sehgal |
|
Designation : |
Whole-time Director / Additional Director |
|
Address : |
P-1, Ground Floor South Extension, Part – II, New Delhi-110049, India |
|
Date of Birth/Age : |
12.12.1966 |
|
Qualification : |
CA |
|
Date of Appointment : |
10.03.2016 |
|
DIN No.: |
07464637 |
KEY EXECUTIVES
|
Name : |
Devadoss Swvigaradoss Mathuram Santhosam |
|
Designation : |
Company Secretary |
|
Address : |
Flat 303, Tower-6, Sushant Estate, Sector 52, Gurugram-122002, Haryana, India |
|
Date of Appointment : |
01.09.2017 |
|
PAN No.: |
AGJPD0411H |
MAJOR SHAREHOLDERS
AS ON 31.03.2016
|
Names of Shareholders |
|
No. of Shares |
|
Samsung Electronics Company Limited, Korea |
|
216787486 |
|
Samsung Asia Pte Limited, Singapore |
|
18 |
|
Total |
|
216787504 |
AS ON 24.09.2015
|
Equity Share
Break up |
Percentage |
|
Category |
|
|
Promoters - Bodies corporate |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The company is engaged in manufacturing and trading of
audio visual products, home appliances, information technology products, hand
held phones, networking equipments and development and export of software. [Registered Activity] |
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Products / Services
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Available |
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Imports : |
Not Available |
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Terms : |
Not Available |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Not Available |
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Bankers : |
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Auditors : |
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|
Name : |
Price Waterhouse and Company Chartered Accountants |
|
Address : |
Building 8, 7th and 8th Floor, Tower-B, DLF,
Cyber City, Gurugram – 122002, Haryana, India |
|
PAN No.: |
AAFFP3698A |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Holding Company : (As on 31.03.2016) |
Samsung Electronics Company Limited, Korea |
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|
Fellow Subsidiary
Companies : (As on 31.03.2016) |
CIN No.: U74991DL2006PTC148805
CIN No.: U72200KA2004PTC035309
|
CAPITAL STRUCTURE
AS ON 31.03.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
244000000 |
Equity Shares |
INR 10/- each |
INR 2440.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
216787504 |
Equity Shares |
INR 10/- each |
INR 2168.000 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
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 |
2168.000 |
2168.000 |
2168.000 |
|
(b) Reserves &
Surplus |
97891.000 |
67790.000 |
53805.000 |
|
(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
|
100059.000 |
69958.000 |
55973.000 |
|
|
|
|
|
|
(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 |
1069.000 |
1213.000 |
1540.000 |
|
(d) long-term provisions |
6603.000 |
6537.000 |
4922.000 |
|
Total Non-current
Liabilities |
7672.000 |
7750.000 |
6462.000 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
116639.000 |
106769.000 |
51851.000 |
|
(c) Other current
liabilities |
7570.000 |
7201.000 |
6892.000 |
|
(d) Short-term provisions |
5706.000 |
5266.000 |
7495.000 |
|
Total Current Liabilities
|
129915.000 |
119236.000 |
66238.000 |
|
|
|
|
|
|
TOTAL |
237646.000 |
196944.000 |
128673.000 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
17942.000 |
19084.000 |
16226.000 |
|
(ii) Intangible Assets |
559.000 |
205.000 |
223.000 |
|
(iii) Capital
work-in-progress |
77.000 |
622.000 |
1086.000 |
|
(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) |
3522.000 |
2673.000 |
2509.000 |
|
(d) Long-term Loan and Advances |
3288.000 |
2100.000 |
2473.000 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
803.000 |
|
Total Non-Current Assets |
25388.000 |
24684.000 |
23320.000 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
30813.000 |
36652.000 |
29953.000 |
|
(c) Trade receivables |
102807.000 |
79839.000 |
30273.000 |
|
(d) Cash and cash
equivalents |
70004.000 |
48638.000 |
38792.000 |
|
(e) Short-term loans and
advances |
7345.000 |
5722.000 |
5012.000 |
|
(f) Other current assets |
1289.000 |
1409.000 |
1323.000 |
|
Total Current Assets |
212258.000 |
172260.000 |
105353.000 |
|
|
|
|
|
|
TOTAL |
237646.000 |
196944.000 |
128673.000 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
SALES |
|
|
|
|
|
Income |
463788.000 |
388681.000 |
375512.000 |
|
|
Other Income |
6226.000 |
5752.000 |
4242.000 |
|
|
TOTAL |
470014.000 |
394433.000 |
379754.000 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
203975.000 |
161578.000 |
170406.000 |
|
|
Purchases of
Stock-in-Trade |
106131.000 |
115154.000 |
86721.000 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
7386.000 |
(6324.000) |
3430.000 |
|
|
Employees benefits
expense |
19929.000 |
19671.000 |
16101.000 |
|
|
CSR expenditure |
533.000 |
253.000 |
0.000 |
|
|
Other expenses |
82265.000 |
76516.000 |
60013.000 |
|
|
TOTAL |
420219.000 |
366848.000 |
336671.000 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
INTEREST, TAX, DEPRECIATION AND AMORTISATION |
49795.000 |
27585.000 |
43083.000 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
84.000 |
250.000 |
51.000 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
49711.000 |
27335.000 |
43032.000 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
4896.000 |
4179.000 |
3755.000 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
44815.000 |
23156.000 |
39277.000 |
|
|
|
|
|
|
|
Less |
TAX |
14714.000 |
9171.000 |
12909.000 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
30101.000 |
13985.000 |
26368.000 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
Finished Goods |
30896.000 |
12937.000 |
26846.000 |
|
|
Components |
1661.000 |
1482.000 |
1038.000 |
|
|
Software development and
export |
9948.000 |
11227.000 |
10558.000 |
|
|
After Sales Service
Income |
171.000 |
354.000 |
212.000 |
|
|
Miscellaneous Income |
0.000 |
127.000 |
107.000 |
|
|
Reimbursement of
Marketing, Service |
61.000 |
72.000 |
291.000 |
|
|
TOTAL EARNINGS |
42737.000 |
26199.000 |
39052.000 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
280922.000 |
129721.000 |
145094.000 |
|
|
TOTAL IMPORTS |
280922.000 |
129721.000 |
145094.000 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
138.85 |
64.51 |
121.63 |
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 |
16055.000 |
27600.000 |
25827.000 |
|
Net cash flows from (used in) operating activities |
(3976.000) |
12172.000 |
13096.000 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
80.91 |
74.97 |
29.43 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
4.51 |
4.87 |
12.40 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
137.29 |
140.82 |
73.60 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
1.62 |
0.75 |
1.44 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
2.68 |
1.39 |
2.46 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.55 |
0.61 |
0.51 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
1.30 |
1.70 |
1.18 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.19 |
0.28 |
0.31 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
592.80 |
110.34 |
844.76 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
6.49 |
3.60 |
7.02 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
12.67 |
7.10 |
20.49 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
30.08 |
19.99 |
47.11 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.63 |
1.44 |
1.59 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
1.40 |
1.14 |
1.14 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.42 |
0.36 |
0.44 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.63 |
1.44 |
1.59 |
Total
Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term
debts
FINANCIAL ANALYSIS
[all figures are
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 |
2168.000 |
2168.000 |
2168.000 |
|
Reserves & Surplus |
53805.000 |
67790.000 |
97891.000 |
|
Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
55973.000 |
69958.000 |
100059.000 |
|
|
|
|
|
|
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 |
375512.000 |
388681.000 |
463788.000 |
|
|
|
3.507 |
19.324 |
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 |
375512.000 |
388681.000 |
463788.000 |
|
Profit |
26368.000 |
13985.000 |
30101.000 |
|
|
7.02% |
3.60% |
6.49% |
LEGAL
CASE
|
$~OS-11 * IN THE HIGH COURT OF DELHI AT NEW DELHI + O.M.P. (COMM) 248/2017 SHIEL TRADE VENTURE PVT. LTD. ..... Petitioner Through Ms.Mansi Kumar, Adv.
versus SAMSUNG INDIA ELECTRONICS PVT. LTD ...... Respondent Through Mr.Niraj Singh and Mr.Deepak Jaiswal, Advs. CORAM: HON'BLE MR. JUSTICE JAYANT
NATH O R D E R %
11.10.2017
Learned counsel for the respondent seeks some time to file his reply. Needful be done within six weeks. Rejoinder, if any, be filed before the next date of hearing. List on 30.01.2018.
JAYANT
NATH, J OCTOBER 11, 2017 rb |
|
$~OS-15
* IN THE HIGH COURT OF DELHI AT NEW
DELHI + O.M.P. (COMM) 248/2017 SHIEL TRADE VENTURE PRIVATE LIMITED ..... Petitioner Through Mr. Ankt Virmani and Ms.Mansi Kumar, Advs.
versus SAMSUNG INDIA ELECTRONICS PRIVATE LIMITED ..... Respondent Through CORAM:
HON'BLE MR. JUSTICE JAYANT NATH O R D E R % 30.05.2017
I.A. No. 6818/2017
(exemption) Allowed subject to all just exceptions. O.M.P. (COMM) 248/2017 Learned counsel for the petitioner relies upon the judgment of this court in the case of Alupro Building Systems Pvt. Ltd. vs. Ozone Overseas Pvt. Ltd., 2017 SCC OnLine Del. 7228 to submit that the alleged arbitration agreement which is stated on the reverse of the invoice raised by the respondent cannot be termed to be an arbitration agreement. Issue notice to the respondent through ordinary process and speed post, returnable for 11.10.2017. JAYANT NATH, J MAY 30, 2017/rb |
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 |
No |
|
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 |
Yes |
|
32 |
Market information |
-- |
|
33 |
Payments terms |
No |
|
34 |
Negative Reporting by Auditors in the
Annual Report |
No |
NOTE:
Registered office of the company has been shifted
from Suites No. 101- 103, First Floor, Copia Corporate Suites, Plot No. 9,
Jasola District Center, New Delhi-110025, India to
the present address w.e.f. 21.03.2011.
GENERAL INFORMATION
(As on 31.03.2016)
The Company is engaged in manufacturing and trading of Audio Visual products, Home Appliances, Information Technology products, Hand Held Phones, Networking equipments and development and export of software. The Company has manufacturing plants in India and sells primarily in India through a network of dealers and distributors.
FINANCIAL PERFORMANCE
AND THE STATE OF COMPANY’S AFFAIRS (As on 31.03.2016)
The turnover and other income for the financial year 2015-16 increased to INR 470014.000 million from INR 394433.000 million in the previous year, recording a marginal growth of 19%. Profit Before Tax for the FY 2015-16 stood at INR 44815.000 million against INR 23156.000 million in the previous year. Profit After Tax for the FY 2015-16 stood at INR 30101.000 million against INR 13985.000 million in the previous year.
FUTURE OUTLOOK (As on
31.03.2016)
Samsung Electronics’ vision for the new decade is, “Inspire the World, Create the Future.” This new vision reflects Samsung Electronics’ commitment to inspiring its communities by leveraging Samsung’s three key strengths: “New Technology”, “Innovative Products” and “Creative Solutions”, and to promoting new value for Samsung’s core networks – Industry, Partners and Employees. Through these efforts, Samsung hopes to contribute to a better world and a richer experience for all.
As a part of this vision, Samsung has mapped out a specific plan of reaching $400 billion in revenue and becoming one of the world’s top five brands by 2020. To this end, Samsung has also established three strategic approaches in its management: “Creativity”, “Partnership”, and “Talent”.
Samsung is excited about the future. As they build on their previous accomplishments, they look forward to exploring new territories, including health, medicine, and biotechnology. Samsung is committed to being a creative leader in new markets and becoming a truly No.1 business going forward.
AWARDS AND
RECOGNITION (As on 31.03.2016)
The Company is pleased to inform us that it has won following awards and recognitions for both its corporate initiatives as well as its innovations across product categories during the FY 2015-16:
- Most Trusted Brand by The Brand Trust Report, India
- Ultra Data Saving Mode was awarded as Excellence in Mobile Device and Equipment ET Now Telecom Excellence Award
- Special Recognition Award for the most Attractive Employer, CE industry, Randstad
- Best Contact Centre at Kamikaze Customer Fest
- Best Service Leadership at Kamikaze Customer Fest
- Most Happy Customers at TeleAnalysis Leadership Awards
- Best Aftermarket Service at TeleAnalysis Leadership Awards
- Most Stylish Smartphone of the year by CNBC Awaaz TechGuru for Galaxy S6 Edge
- Most Stylish Smartphone of the year by CNBC Awaaz TechGuru
- Smartphone of the Year by NDTV Gadget Guru Awards for Galaxy S6 Edge
- Smartphone of the year by Exhibit Tech Awards for Galaxy S6 Edge
- Best Flagship of the Year by Mobility Excellence for Galaxy S6 Edge
- Gadget of the year (Viewers' Choice) by NDTV Gadget Guru for SUHD TV
- Gold Award by Readers' Digest Trusted Brand Refrigerator Category
- 2nd Most Trusted Brand in India by The Economic Times Brand Equity
- The Samsung Smart Class initiative was awarded as Excellence in Marketing, Branding and CSR under the Best Education/ Scholarship Program category in the 5th Asian Customer Engagement Forum (ACEF)
- Golden Globe Tigers Awards for "Support and Improving Quality of Education" and "Best Project Collaboration
INDEX OF CHARGE:
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
B17557125 |
80019149 |
ICICI BANK LIMITED |
12/05/2003 |
05/10/2005 |
27/07/2011 |
70000000.0 |
9A Phelps Building, C P, New Delhi-110001, India |
|
2 |
B17588518 |
80019151 |
ICICI BANK LIMITED |
02/04/2003 |
05/10/2005 |
27/07/2011 |
150000000.0 |
9A Phelps Building, C P, New Delhi-110001, India |
|
3 |
B07471402 |
80019109 |
DEUTSCHE BANK |
02/03/2005 |
- |
19/02/2011 |
600000000.0 |
New Delhi Branch Tolstoy House, 15-17, Tolstoy Marg, New Delhi-110001, India |
|
4 |
A22812846 |
80032306 |
STATE BANK OF INDIA |
27/03/2002 |
- |
06/09/2007 |
200000000.0 |
NEPZ Branch , Phase II Dr. Gautam Budh Nagar, Noida-201305, Uttar Pradesh, India |
|
5 |
A22672232 |
80032276 |
STATE BANK OF INDIA |
30/09/1997 |
- |
06/09/2007 |
300000000.0 |
NEPZ Branch , Phase II Dr. Gautam Budh Nagar, Noida-201305, Uttar Pradesh, India |
|
6 |
A09285792 |
80019113 |
IDBI BANK LIMITED |
18/03/2002 |
05/07/2004 |
01/01/2007 |
500000000.0 |
19, K G Marg, New Delhi-110001, India |
|
7 |
A08621799 |
80019139 |
BANK OF AMERICA NA |
10/09/2004 |
- |
14/12/2006 |
600000000.0 |
DCM Building, 6th Floor, 16 Barakhamba Road, New Delhi-110001, India |
|
8 |
A06719041 |
80016693 |
BANK OFAMERICA |
16/04/2001 |
- |
07/11/2006 |
30000000.0 |
DCM Building, 6th Floor, 16 Barakhamba Road, New Delhi-110001, India |
CONTINGENT
LIABILITIES:
(INR in million)
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
|
Claims against company not acknowledged as debt |
17669.000 |
16447.000 |
|
Guarantees |
10947.000 |
7242.000 |
|
Total |
28616.000 |
23689.000 |
FIXED ASSETS:
Tangible Asset:
- Leasehold Improvements
- Plant and Machinery
- Furniture and Fixture
- Computer
- Vehicles
- Tools
Intangible Asset:
- Computer
Software
- Goodwill
CMT REPORT (Corruption, Money Laundering & Terrorism)
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
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 63.48 |
|
UK Pound |
1 |
INR 86.41 |
|
Euro |
1 |
INR 76.54 |
INFORMATION DETAILS
|
Analysis Done by
: |
NYT |
|
|
|
|
Report Prepared
by : |
BHG |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--LITIGATION |
YES/NO |
YES |
|
--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.