MIRA
INFORM REPORT
|
Report Date : |
02.11.2006 |
IDENTIFICATION
DETAILS
|
Name : |
NUTEK INDIA PRIVATE LIMITED |
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Registered Office : |
Apartment No. 7, Shikha Apartment,
Plot No. 40, I. P. Extension, Patparganj, Delhi – 110092 |
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Country : |
India |
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Financials (as on) : |
31.03.2005 |
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Date of Incorporation : |
06.07.1993 |
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Com. Reg. No.: |
55-54313 |
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CIN No.: [Company
Identification No.] |
U74899DL1993PLC054313 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
DELN05424G |
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PAN No.: [Permanent
Account No.] |
AAACN2270L |
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Legal Form : |
Private limited liability company. |
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Line of Business : |
Engineering and Software Consultancy Services. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD
600000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject is a well established and reputed company having satisfactory
track. Directors are reported as experienced, respectable and resourceful
professionals. Their trade relations are fair. Payments are usually correct
and as per commitments. The company can be considered good for any normal business
dealings at usual trade terms and conditions. |
LOCATIONS
|
Registered Office : |
Apartment No. 7, Shikha Apartment, Plot No. 40, I.
P. Extension, Patparganj, Delhi – 110092, India. |
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Tel. No.: |
91-124-2803317 / 2803319 / 5011274 / 5011276 /
2803318 |
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Fax No.: |
91-124-5011275 |
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E-Mail : |
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Website : |
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Head
Office : |
1505-1506, Tower D, Global Business Park, M. G.
Road, Gurgaon – 122002, Haryana |
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Tel.
No.: |
91-124-2803317 / 2803319 / 5011274 / 5011276 /
2803318 / 4171600 / 5011275 |
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Fax
No.: |
91-124-5011275 |
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E-Mail
: |
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International office : |
141, Peyton Circle Oxford, MS 38655, USA |
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Tel.
No.: |
27 82 400 7256 |
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Fax
No.: |
1 801 409 2236 |
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E-Mail
: |
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Branches
: |
Row House – I, Shivalik Compound, 90 Feet Road,
Kandivali (E), Mumbai – 400101, Maharashtra |
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Tel.
No.: |
91-22-33961108 |
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Fax
No.: |
91-22-28545369 |
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E-Mail
: |
DIRECTORS
|
Name : |
Mr. Inder Sharma |
|
Designation : |
Chairman |
|
Address : |
Flat
No. 201, Block No. 34, Heritage City, Gurgaon, Haryana |
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Date of Birth/Age : |
04.08.1967 |
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Date of Appointment : |
16.07.1993 |
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Name : |
Ms. Sumati Sharma |
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Designation : |
Director |
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Address : |
Flat
No. 201, Block No. 34, Heritage City, Gurgaon, Haryana |
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Date of Birth/Age : |
23.11.1967 |
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Date of Appointment : |
16.07.1993 |
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Name : |
Mr.
Sanjiv Krishna Kher |
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Designation : |
Additional
Director |
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Address : |
Flat
No. 24, Block No. 24, Heritage City, Gurgaon, Haryana |
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Date of Birth/Age : |
28.01.1966 |
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Date of Appointment : |
14.07.2006 |
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Name : |
Mr.
Prashant Virendra Kumar |
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Designation : |
Additional
Director |
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Address : |
802,
Block No. 4, Sagvi Group Housing Society, Sector 55, Gurgaon- 122002, Haryana
|
MAJOR SHAREHOLDERS
|
Names
of Shareholders |
|
No. of Shares |
|
Mr. Inder Sharma |
|
2405640 |
|
Ms. Sumati Sharma |
|
16789 |
|
Mr. Baldev Singh |
|
1 |
|
Mr. J. P. Sharma |
|
13170 |
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Mr.
Chetan Enterprises |
|
1120000 |
|
Hiten
Mercantile Private Limited |
|
331500 |
|
Total
|
|
3887100 |
BUSINESS DETAILS
|
Line of Business : |
Engineering and Software Consultancy Services. |
GENERAL
INFORMATION
|
Suppliers : |
v
Abdul
Gani Trumbo v
Abdul
Rashid Mir v
Air
king Services v
Akshay
Trading v
B
Zargar Builders v
Carrier
Aircon Limited v
Centeral
Reception Hall v
Chromewell
Industries v
Deep
malia v
Del
dsl Internet private limited v
GS
and Company v
GSP
Engineering Jammu and Kashmir v
Gupta
Board and lodge v
Hathway
Internet v
HBL
Nife Power Systems Limited v
Industrial
Switch Gears v
Idea
projects and Sales private limited v
Jumbo
Express v
Jupitor
Administrative and Sec. Serv. v
Nokia
J and K v
Ram
Dass Sharma and Sons v
S
V Tools Company v
Sam
Construction v
Sanjiv
Roadlines v
Shivam
Construction v
Umang
Enterprises v
Web
telematics |
||||||||||||
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|
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Customers : |
v
Motorola v
Hutch v
Lucent Technologies v
Hughes Telecom v
Ericsson v
Siemens v
MTNL v
BSNL v
Reliance v
Nokia v
Shyam v
Tellabs v
UT Starcom v
Huawei Technologies v
Airtel v
Tata v
ITI v
Bahrti Telenet Limited v
Motorola India Limited v
Aircell Digilink India Limited v
LTHL v
Infinite Computer Solution v
Best Associates v
Web Telematics v
Batata v
Dishnet DSL Limited v
Hutchission Essar Telecom Limited v
Hutchission Max Telecom Limited v
HTIL v
Erricson Telecommunication Private Limited v
Nortel Networks India Private Limited v
Omega Telecommunications v
Reliance Infocom v
Shyam Telecom Limited v
TTL v
UT Star. Com |
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No. of Employees : |
12 |
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Bankers : |
v
Standard Chartered Bank v
Citi Bank Delhi v
HDFC Bank v
ICICI bank Limited v
Kotak Mahindra Primus Limited v
Jammu and Kashmir Bank Limited v
Indian Mercantile Cooperative bank Limited v
Indian
Bank |
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Facilities : |
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Banking Relations : |
Satisfactory
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Auditors : |
Jain Sanjay and Company Chartered Accountants 504, Amber Tower, Azadpur Commercial Complex, Azadpur, Delhi –
110033 |
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Tel. No.: |
91-11-27673167 / 30964301 |
CAPITAL STRUCTURE
Authorised
Capital :
|
No.
of Shares |
Type |
Value |
Amount |
|
7000000 |
Equity
Shares |
Rs. 10/- each |
Rs. 70.000 Millions |
Issued,
Subscribed & Paid-up Capital :
|
No.
of Shares |
Type |
Value |
Amount |
|
53500 |
Equity
Shares |
Rs. 10/- each |
Rs. 0.535 millions |
FINANCIAL DATA
[all figures are in Rupees
Millions]
ABRIDGED BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2005 |
31.03.2004 |
31.03.2003 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
0.535 |
0.500 |
0.500 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
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|
3] Reserves & Surplus |
152.616 |
63.108 |
28.349 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
153.151 |
63.608 |
28.849 |
|
|
LOAN FUNDS |
|
|
|
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|
1] Secured Loans |
17.946 |
2.142 |
3.662 |
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2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
17.946 |
2.142 |
3.662 |
|
|
DEFERRED TAX LIABILITIES |
0.177 |
0.000 |
0.000 |
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|
|
|
|
|
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TOTAL |
171.274 |
65.750 |
32.511 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
15.003 |
9.188 |
10.205 |
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INVESTMENT |
82.032 |
92.773 |
25.618 |
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CURRENT ASSETS, LOANS & ADVANCES |
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|
|
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Sundry Debtors |
125.523
|
41.771 |
39.836 |
|
|
Cash & Bank Balances |
2.149
|
(0.716) |
(4.659) |
|
|
Other Current Assets |
26.033
|
12.596 |
8.542 |
|
|
Loans & Advances |
5.815
|
7.211 |
(1.889) |
|
Total Current Assets |
159.520
|
60.862 |
41.830 |
|
|
Less : CURRENT LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Current Liabilities |
75.625
|
85.441 |
45.144 |
|
|
Provisions |
9.656
|
11.633 |
-- |
|
Total Current Liabilities |
85.281
|
97.074 |
45.144 |
|
|
Net Current Assets |
74.239
|
[36.212] |
[3.314] |
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|
|
|
|
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MISCELLANEOUS EXPENSES |
0.000 |
0.001 |
0.002 |
|
|
|
|
|
|
|
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TOTAL |
171.274 |
65.750 |
32.511 |
|
PROFIT
& LOSS ACCOUNT
|
PARTICULARS |
31.03.2005 |
31.03.2004 |
31.03.2003 |
|
Sales Turnover [including other income] |
315.196 |
241.940 |
180.063 |
|
|
|
|
|
|
Profit/(Loss)
Before Tax |
64.376 |
45.458 |
16.399 |
|
Provision
for Taxation |
9.833 |
11.632 |
6.830 |
|
Profit/(Loss)
After Tax |
54.543 |
33.826 |
9.569 |
|
|
|
|
|
|
Export
Value |
Nil |
5.593 |
NA |
|
|
|
|
|
|
Total
Expenditure |
247.966 |
193.993 |
161.431 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2005 |
31.03.2004 |
31.03.2003 |
|
PAT / Total Income |
(%) |
17.30
|
13.98 |
5.31 |
|
|
|
|
|
|
|
Net
Profit Margin (PBT/Sales) |
(%) |
20.42
|
18.79 |
9.11 |
|
|
|
|
|
|
|
Return
on Total Assets (PBT/Total
Assets} |
(%) |
36.89
|
27.92 |
21.12 |
|
|
|
|
|
|
|
Return
on Investment (ROI) (PBT/Networth) |
|
0.42
|
0.71 |
0.57 |
|
|
|
|
|
|
|
Debt
Equity Ratio (Total
Liability/Networth) |
|
0.67
|
1.56 |
1.69 |
|
|
|
|
|
|
|
Current
Ratio (Current
Asset/Current Liability) |
|
1.87
|
1.58 |
1.49 |
LOCAL AGENCY
FURTHER INFORMATION
Fixed
Assets
v
Air
Conditioner
v Car
v Computer
v Equipment
v Fax
v Furniture and Fixture
v Genset
v Mobile Phone
v Office Equipments
v Photocopier
v Plant and Machinery
v Refrigerator
v Scooter
v Tele Vision
v Washing Machine
v
Water Cooler
Financial
Results
During
the year under report total income of the company was Rs. 315.100 millions as
compared to Rs. 241.900 millions for the previous year registering an increase
of 30.26 %. During the year the Profit has gone up to Rs. 67.200 millions form
Rs. 47.900 millions. However the taxable income has gone up from Rs. 35
millions to Rs. 55.7 millions.
Brief about Management
Inder Sharma, Managing Director
Graduate
in Electronics and Communication Engineering from North Carolina State
University, USA, Mr Sharma founded Nutek in 1994. Previously Mr. Sharma worked
with AT&T Bell Laboratories in US as Design Engineer on 5ESS switch. Mr.
Sharma overall Macro Manages the company.
Aneesh Anand, CEO
Aneesh is responsible for the overall operations and will
focus on leveraging the strong platform that Nutek has already built for itself
and addressing opportunities in telecom in India and abroad.
Anand was with Tata Tele-services leading the net work rollout projects across
India before joining Nutek. He is a B. Tech. from IIT Bombay with post
graduation in Business Management from Mumbai University. He has more than 30
years of experience in the telecom industry.
Anand began his career with Siemens and has held various leadership positions
with companies like National Telephone Services (Muscat, Oman), Middle East
Insulation Co (Dubai), Zubair Telecom (Muscat, Oman), BPL Telecom, Bangalore
and Tata Tele-services.
Vineet Sirpaul, Vice President &
COO
An MBA from Bombay University Mr. Sirpaul in responsible for
managing all the ‘’key accounts” and general management of the company. Mr.
Sirpaul is also involved in new business development and formulating overall
growth strategies.
Tushar Varshney, Financial Controller
A Management Graduate from XLRI Jamshedpur, Mr. Tushar Kumar
brings with him his experience of 10 years with Lucent Technologies where he
was handling Financial Activities on an All India basis. Previously, he has
worked with KTC and Bharat Hotels as Finance Executive.
Business
Subject is engaged in the business of providing Total Solutions
like Plannins and Design, Implementation, Site Leasing and Acquisition, Site
Construction, Equipment Installation, Testing and Integration, Network
Optimization, and Operation and Maintenance to the Telecom industry.
The subject has done projects for Lucent, Nortel, Motorola,
Alcatel, Ericsson, Tellabs, Reliance, TTL, HTIL, Bharti, BSNL, IDEA, etc.
It undertakes various projects in South- East Asian countries and
domestic market.
Subject is having its site offices at Delhi, Mumbai , Jammu,
Chandigarh, Hyderabad, Bangalore, Chennai and Calcutta.
PROFILE:
Nutek
is a fast growing telecommunication company, actively involved in different
telecommunication and infrastructure projects. Over the years Nutek has earned
a reputation of providing quality services to meet requirements of major
telecom players in India and abroad. This has been achieved by taking special
care in bringing resources with appropriate skills for required projects. Today
Nutek has reached the critical mass, from where it is ideally suited to provide
boundless service in major areas of telecom technology. With its strong
presence in Indian telecommunication market and a growth rate of over 100% per
annum, Nutek today employs over 500 telecom personells, additionally it has
access to a larger pool of resources thru flexible hiring policy.
At
Nutek, they offer complete end-to-end telecom network related services for the
operators.
Subject is a fast growing telecommunication company, actively involved in different telecommunication and infrastructure projects.
Over the years it has earned a reputation of providing quality
services to meet requirements of major telecom players in India and abroad.
This has been achieved by taking special care in bringing resources with
appropriate skills for required projects.
Today subject has reached
the critical mass, from where it is ideally suited to provide boundless service
in major areas of telecom technology. With its strong presence in Indian
telecommunication market and a growth rate of over 100% per annum, it today
employs over 500 telecom personells, additionally it has access to a larger
pool of resources thru flexible hiring policy.
Projects:
GSM : Awarded by BSNL
Installing 60 GSM sites for BSNL. The job includes Building
Surveys, RF Surveys & Planning, MW and Backbone surveys, GSM BTS Equipment
Installation and Commissioning, Acceptance Testing, Operations and
Maintainence.
Turnkey Site Implementation Activities including Civil Site
Surveys, Site Layouts, Structural Designs, Civil Works for site Preparation,
Tower supply-erection-painting, Earthing and electrical works, Alarms,
Equipment Installation and Commissioning
CDMA:
|
Types of Activities |
CDMA Site Surveys, CDMA RF Surveys,
Civil Surveys, Project Manpower, Switch(5ESS) Installations, CDMA Cell Sites
Integration, Site Preparation |
|
|
|
|
Place of Implementation |
Andhra Pradesh, Delhi, Gujarat, Tamil
Nadu, Karnataka |
|
|
|
|
Year of Implementation |
1998-Ongoing |
|
|
|
|
Name of Client |
Lucent Technologies |
HIL Basic Services Network – Maharashtra
|
Types of Activities |
CDMA Site Surveys, Road Surveys, OSP
Activities, OFC Laying, Copper Laying, Project Manpower, Switch(5ESS)
Installations, In-building ONU Installations |
|
|
|
|
Place of Implementation |
Mumbai, Rest of Maharashtra, Goa |
|
|
|
|
Year of Implementation |
2000-Ongoing |
|
|
|
|
Name of Client |
Lucent Technologies |
Shyam CDMA Network – Rajasthan
|
Types of Activities |
5ESS switching system, Anymedia, CDMA
BTS sites, RF Surveys, CDMA drive tests and optimization |
|
|
|
|
Place of Implementation |
Rajasthan |
|
|
|
|
Year of Implementation |
2000-Ongoing |
|
|
|
|
Name of Client |
Lucent Technologies |
HFCL CDMA Network – Punjab
|
Types of Activities |
5ESS switching system, Anymedia, CDMA
BTS sites, RF Surveys, CDMA drive tests and optimization |
|
|
|
|
Place of Implementation |
Punjab |
|
|
|
|
Year of Implementation |
2000-Ongoing |
|
|
|
|
Name of Client |
Lucent Technologies |
OSP
|
Types
of Activities |
OSP
Activities, OFC Laying, Copper Laying/Splicing, Jointing, testing,
Commissioning and Integration of Transmission Equipment. Survey, Route Plan,
ROW Assistance in entire Maharashtra and Goa |
|
|
|
|
Place
of Implementation |
Maharashtra |
|
|
|
|
Year
of Implementation |
2001-Ongoing |
|
|
|
|
Name
of Client |
Hughes
Tele.Com India Limited |
|
||||||||||||||
DATA
Hughes Tele.Com India Limited
|
Types of Activities |
Complete implementation of the ISP
network of Hughes in Mumbai. Setting up of servers, RAS and other data
equipment and providing 24/7 support for operation and maintenance of the
network. |
|
|
|
|
Place of Implementation |
Mumbai |
|
|
|
|
Year of Implementation |
2001-Ongoing |
|
|
|
|
Name of Client |
Hughes Network Systems |
DOT Networking Management and Surveillance System
|
Types of Activities |
Implementation
of NMS in 3 Telecom circles of India (West, North and East) , connecting 63
Trunk Automated Exchanges(TAX) and 131 Transmission facilities over dedicated
leased lines using Cisco, HP, Tandem, Sun and Lucent Data and IT products. |
|
|
|
|
Place of Implementation |
Delhi,
Mumbai, Kolkata and 60 other TAX locations and 128 other Transmission
Centres. |
|
|
|
|
Year of Implementation |
1997-1999 |
|
|
|
|
Name of Client |
Department
of Telecommunication, India |
Resourcing
Nutek is a prime outsourcing agency for Motorola for all its
technical resource requirements in the European, Middle Eastern and African
markets. Moreover, the subject is also providing skilled and trained Telecom
professionals to Motorola, Ericsson, Lucent and some telecom operators in the
Indian and South – East Asian countries.
Press
Clippings:
Nutek chosen as PMC for TTL
Delhi Roll Out
DishnetDSL, the
prime ISP, who has taken up the task of building infrastructure and rolling out
the state of the art TTL CDMA 1-X network expansions in its old circles and
also the roll outs in the new circles; has chosen Nutek as the Project
Management Company (PMC) to carry out all the tasks with respect to the Program
Management of the Network Roll out in Delhi circle. Nutek shall be responsible
for carrying out the Program Management responsibility for rolling out over 110
CDMA Sites in Delhi in terms of Infrastrucure and Liasoning for various
permissions
Nutek bags Motorola order for
CDMA I&C jobs for TTL
Motorola has placed orders on
Nutek for Installation and Commissioning of its BTS equipment for TTL in the
Delhi and Maharashtra circles. An initial order of over 200 sites is expected
to go upto 400 for the first phase itself. Nutek is deploying over 15 teams to
carry out this task.
Nutek gets Ericsson Order for
CDMA BTS Installation
Ericsson has placed orders on
Nutek for Installation of CDMA BTS equipment for TTL in Tamil Nadu. The initial
order is for approx. 80 sites which can go upto 150 sites in the first phase
itself. Nutek shall be deploying over 10 teams for this task. Talks are under
way for further orders from Ericsson for deploying their GSM BTS in Bharti
circles as well
|
Name
and address and PAN or the lender or depositor |
Amount
of loan or deposit taken or accepted |
loan
or deposit was squared up during the previous year |
Max.
amt. Outstanding in the account at any time during the previous year |
|
Citi Corp Multi New
Delhi |
-- |
Yes |
246260.63 01.04.2004 |
|
HDFC
Bank Auto Loan New
Delhi |
-- |
Yes |
216590.72 01.04.2004 |
|
ICICI
Limited New Delhi |
1800000 |
No |
1762488 01.02.2005 |
|
Kotak
Mahindra Primus Limited |
390254 |
No |
1757398.46 25.07.2004 |
|
Citi
Bank NA Delhi |
1400000 |
Yes |
1400000.00 22.06.2004 |
|
Name
and address and PAN or the lender or depositor |
Amount
of loan or deposit taken or accepted |
Max.
amt. Outstanding in the account at any time during the previous year |
Whether
the repayment was made otherwise then by an account payee ch or an account
payee Bank Draft |
|
Citi Corp Multi New
Delhi |
269235.64 |
246260.63 01.04.2004 |
No |
|
HDFC
Bank Auto Loan New
Delhi |
154795.00 |
216590.72 01.04.2004 |
No |
|
ICICI
Limited New Delhi |
232736.41 |
1762488 01.02.2005 |
No |
|
Kotak
Mahindra Primus Limited |
1140132.00 |
1757398.46 25.07.2004 |
No |
|
Citi
Bank NA Delhi |
1400000 |
1400000.00 22.06.2004 |
No |
Form
8 Particular for creation or modification of charges
|
Corporation identity number or foreign company registrations number of the company |
U74899DL1993PLC054313 |
|
Name of the company |
NUTEK INDIA PRIVATE LIMITED |
|
Address |
Apartment No. 7, Shikha Apartment,
Plot No. 40, I. P. Extension, Patparganj, Delhi – 110092 |
|
This Form is for |
Creation of charge |
|
Type of Charges |
Hypothecation |
|
Particular of the charge holder |
ICICI Bank Limited Land Mark Race Course Circle Vadodara - 390007 Gujarat |
|
Nature or description of the instrument creating charge |
Unattested deed of hypothecation |
|
Date of the instrument creating charge |
24.05.2006 |
|
Amount Secure by the charge |
Rs. 0.600 Millions |
|
Brief of the principal terms and conditions and extent and operation of the charge |
ROI 12.50 % 24 EMI of Rs. 0.028 Millions each |
|
Description of the property charge whether it is a charge on |
Plant and Machinery |
|
Particulars of the Property charged |
Laptop |
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 records 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
|
Indian Rupees |
|
US
Dollar |
1 |
Rs.44.45 |
|
UK
Pound |
1 |
Rs.84.83 |
|
Euro |
1 |
Rs.57.12 |
SCORE &
RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
47 |
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 |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
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 |
|
NR |
In view of the lack of information, we
have no basis upon which to recommend credit dealings |
No Rating |
|