MIRA
INFORM REPORT
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Report Date : |
06.04.2007 |
IDENTIFICATION
DETAILS
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Name : |
AAURA DATA NETWORKS PRIVATE LIMITED |
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Registered Office : |
# 446, 8th Main, 4th
Block, Koramangala, Bangalore - 560 034, Karnataka |
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Country : |
India |
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Financials (as on) : |
31.03.2006 |
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Date of Incorporation : |
11.11.2005 |
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Com. Reg. No.: |
37645 |
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CIN No.: [Company
Identification No.] |
U30007KA2005PTC037645 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
BLRA06649G |
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PAN No.: [Permanent
Account No.] |
AAKFA9537E |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Manufacture, design, develop, assemble, buy, sell, lease, import, export,
deal in Computer Networking products, both in hardware and software, for all
computer systems and peripherals. |
RATING &
COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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 |
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Maximum Credit Limit : |
USD 2700 |
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Status : |
Small company |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is a
relatively small company having satisfactory track. Directors are reported as
experienced and respectable businessmen. Trade relations are reported as
fair. Business is active. Payments are usually correct and as per
commitments. The company can
be considered for small business dealings at usual trade terms and
conditions. |
LOCATIONS
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Registered Office : |
#
446, 8th Main, 4th Block, Koramangala, Bangalore -
560 034, Karnataka, India |
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Tel. No.: |
91-80-41317545 / 41468545 |
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Fax No.: |
91-80-41317545 / 41468545 |
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E-Mail : |
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Website : |
DIRECTORS
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Name : |
Mr. L. Madhu |
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Designation : |
Director |
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Address : |
No. G-2, Ground Floor, Brigade Lavelle II, Levelle Road, Bangalore –
560001, Karnataka, India |
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Name : |
Mrs. Suchitraa Madhu |
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Designation : |
Director |
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Address : |
No. G-2, Ground Floor, Brigade Lavelle II, Levelle Road, Bangalore – 560001,
Karnataka, India |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
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Names of Shareholders |
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No. of Shares |
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Mr. L. Madhu |
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5000 |
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Mrs. Suchitra Machu |
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5000 |
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Total |
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10000 |
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Category |
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Percentage of
Holding |
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Directors or relatives of directors |
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100.00 % |
BUSINESS DETAILS
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Line of Business : |
Manufacture, design, develop, assemble, buy, sell, lease, import,
export, deal in Computer Networking products, both in hardware and software, for
all computer systems and peripherals. |
GENERAL
INFORMATION
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Customers : |
Bangalore Cliental ABC
Consultant Air Deccan Altair Engineering Antenna Software Private Limited AutoDesk Bea Systems Private Limited Bristelecone Bunzyl India Private Limited CARAN designs Chaitanya Projects Channel Strategy Cipla Limited Clear water Private Limited Deccan Aviation Divyashree Developers EBZ Software Elbit Diagnostic centre Expediators Glow Networks Private Limited Hitachi data Systems Private Limited ICICI Infotech Idea Surge Solutions IMRS Advisory Limited IMRS Financials Limited Independent Technologies Indian Global Academy Interwoven Private Limited ISTA HOTEL Taj Residency ITO Rama Private Limited Jaatayu Software Karma
Quest Staffing Private Limited Mainstay
Teleservices Max
New York Life MetLife
Insurance India Limited Micro
Labs Limited Mphasis Mysore
Mangenese Private Limited Nebulous Omnicell Paramount
Airways Point
Cross Private Limited Prestofit
India Razor
Sight Sarnoff
Innovative Schunk
Liasion SCKB Shristi
Software Private Limited Soft
Brands Research Private Limited Spice
Jet Stratify
Software Taj
Gateway Taj
Residency Taj
West End The
Chancery Hotels Though
Works Valdel
Incorporation Vanguard
Business Processing Vyuha
Software Webex Communication |
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Bankers : |
Not Available |
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Facilities : |
-- |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Vijay Sreeram and Company Chartered Accountants |
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Address : |
No. 25, II Floor, Munibasappa Buildings, Lalbagh Fort Road, Bangalore
– 560004, Karnataka, India |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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50000 |
Equity Shares |
Rs. 10/- each |
Rs. 0.500 Millions |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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10000 |
Equity Shares |
Rs. 10/- each |
Rs. 0.100 Millions |
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FINANCIAL DATA
[all figures are in Rupees Millions]
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
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31.03.2006 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
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0.100 |
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2] Share Application Money |
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0.380 |
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3] Reserves & Surplus |
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0.196 |
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4] (Accumulated Losses) |
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0.000 |
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NETWORTH |
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0.676 |
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LOAN FUNDS |
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1] Secured Loans |
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0.000 |
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2] Unsecured Loans |
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0.000 |
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TOTAL BORROWING |
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0.000 |
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DEFERRED TAX LIABILITIES |
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TOTAL |
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0.676 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
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0.000 |
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Capital work-in-progress |
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0.000 |
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INVESTMENT |
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0.000 |
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DEFERREX TAX ASSETS |
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0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
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1.792 |
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Sundry Debtors |
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1.902 |
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Cash & Bank Balances |
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0.266 |
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Other Current Assets |
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0.118 |
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Loans & Advances |
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0.382 |
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Total
Current Assets |
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4.460 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Current Liabilities |
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3.539 |
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Provisions |
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0.245 |
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Total
Current Liabilities |
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3.784 |
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Net Current Assets |
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0.676 |
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MISCELLANEOUS EXPENSES |
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0.000 |
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TOTAL |
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0.676 |
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KEY RATIOS
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PARTICULARS |
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31.03.2006 |
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Debt Equity Ratio (Total Liability/Networth) |
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5.60 |
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Current Ratio (Current Asset/Current Liability) |
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1.18 |
LOCAL AGENCY
FURTHER INFORMATION
CORPORATE HISTORY
Subject was formed in the year 2004. Its initial business interests were
in legacy computer cabling systems such as Avaya,Amp,Finolex, Thick and Thin
Ethernet. It was also actively involved in the installation of Siemen’s
Telecom’s EPABX and contemporary cabling systems for voice applications.
The Company was very successful in this line of business having to its credit
some of the largest installations in the country mostly in the Southern Region
where the company was based. As the company grew in experience, it graduated
from installing simple to complex networks and several large Call center’s like
Mainstay Teleservices came to depend on AaURA for their needs due to AaURA’s
integration expertise. Over the year the company has built a strong reputation
for it’s expertise, it’s excellent manpower, equipment and systems that enable
it to take on the challenges that confronts it in today’s scenario. Today AaURA
is a professionally recognized client service organization .
In the year 2004 AaURA vertically integrated into active network
electronics by signing up with BAY NETWORKS (now a Nortel Network Business ) as
an Authorized Partner. Today through this association it is able to offer a
full range leading edge network solutions consisting of network hubs, switches,
routers and management products. A respectable installation base of networking
projects integrated with BAY NETWORKS equipment bear testimony to this
successful partnership.
The above are the major turning points in the history of AaURA which has at the
same time expanded its partnerships to increase its portfolio of products to
include 3Com, Nortel for network equipment as well as AMP and Molex For
Structured Cabling.
AaURA DATA
NETWORK’S BUSINESS PARTNERS & PRODUCTS
At AaURA they have concentrated their intellectual and material
specialties in System Integration. As a network solutions provider they
integrate products from leading international vendors. Subject’s commitment is
to making integration and internetworking skills available to meet each
client’s needs.
In recognition of the expertise and commitment at AaURA DATA NETWORKS, these
vendors have come to award us with their professional accreditation’s
including:
Network
Equipment (LAN/WAN)
Premier Authorized Partner
CISCO
CISCO LINKSYS
3COM
D’LINK
Authorized Partner’
NORTEL NETWORKS
IBM
LENOVO
SONIC WALL
Structured
Cabling Systems
Authorized System Integrator
SYSTIMAX COM SCOPE
PANDUIT
MOLEX
CLIPSAL
DELTAFULL
Authorized Reseller
KRONE
Computer
& Computer Pheripherals
Business Partners
LG
HP
IBM
LENOVA
APW
NETRACK
Intelligent
Buildings Division
Business Associate
Firecool
AaURA CLIENT CARE
& SERVICES
The hard reality of networks is that they’re only as good as the people
behind them. While others are still discovering this, at AaURA they are
networking realists rather than theorists.
They are an open organization promoting transparent business relationships and
excellence in client service to complement the leading edge technology they
provide. In fact it’s a demand of their company mission. In AaURA they call it
“Customer Driven Engineering” where solutions are created jointly with clients
as part of an interactive network design philosophy.
AaURA provides full installation, maintenance for network and communication
services, security, Desktop PCs, servers and other computer peripherals that
incorporate system analysis and design. Adding value to existing investment in
networking technology by establishing ongoing client services including
periodic information seminars and up-to-date training programs that enables
clients put the technology to use.
It is AaURA’S official commitment to conduct business through quality services.
With a rare attention to detail, the focus is on a process of continuous
review, improvement and innovation to ensure that the AaURA product/service is
not just one of “quality” but “exceptional quality”.
All structured cabling is subjected to a 100 percent testing done using the
latest test and measurement equipment such as the FLUKE DSP-100, Microtest
Pentscanner Plus. Additionally fiber installations are tested and certified
using a FOTEC Fiber Optic power mete. Fiber optic troubleshooting services are
available using the sophisticated TEKTRONIX OTDR.
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.43.15 |
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UK Pound |
1 |
Rs.85.22 |
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Euro |
1 |
Rs.57.63 |
SCORE & RATING
EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
2 |
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PAID-UP CAPITAL |
1~10 |
2 |
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OPERATING SCALE |
1~10 |
2 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
3 |
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--PROFITABILIRY |
1~10 |
1 |
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--LIQUIDITY |
1~10 |
3 |
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--LEVERAGE |
1~10 |
3 |
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--RESERVES |
1~10 |
2 |
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--CREDIT LINES |
1~10 |
2 |
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--MARGINS |
-5~5 |
- |
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DEMERIT POINTS |
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--BANK CHARGES |
YES/NO |
NO |
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--LITIGATION |
YES/NO |
NO |
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--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
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MERIT POINTS |
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--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
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--EXPORT ACTIVITIES |
YES/NO |
NO |
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--AFFILIATION |
YES/NO |
NO |
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--LISTED |
YES/NO |
NO |
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--OTHER MERIT FACTORS |
YES/NO |
YES |
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TOTAL |
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20 |
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
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit consideration.
Capability to overcome financial difficulties seems comparatively below
average/normal. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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