MIRA
INFORM REPORT
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Report Date : |
17.04.2007 |
IDENTIFICATION
DETAILS
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Name : |
GREATECH TELECOM PRIVATE LIMITED |
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Registered Office : |
54-A, Sainik Farm, Khanpur, New Delhi-110062, India |
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Country : |
India |
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Financial (as on): |
31.03.2006 |
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Date of Incorporation : |
10.12.2004 |
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Com. Reg. No.: |
55-131153 |
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CIN No.: |
U64203DL2004PTC131153 |
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TAN No.: (Tax Deduction & Collection Account No.) |
DELG08601F |
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PAN No.: (Permanent Account No.) |
AACCG2650F |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
To carry on the business as developers, designers, manufacturers, assemblers, repairers, servicers, researchers, discoverers, maintenance engineers, buyers, sellers, publishers, importers, exporters, agents, licensors, hirers, consultants/advisors and dealers in all types of telecommunications and telecommunication, related information Technology (IT) and IT related, communication systems, satellite and satellite related software and development, consultations, publication, education and training in IT Products and related services, software tools and application and or turkey convergent technologies, integration software services products, computer and hardware related, network and networking related, internet and internet related activities including internet service providers (ISP), internet strategies and consulting related software development either as products or on turnkey basis, e-commerce application including e-commerce applications including, in particular, developing and providing e-commerce platforms, developing dynamic database driven electronic commerce sites and systems for sales. |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
USD 9000 |
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Status : |
Small Company |
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Payment Behaviour : |
Regular |
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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 however
reported as 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 : |
54-A, Sainik Farm, Khanpur, New Delhi-110062, India |
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Tel. No.: |
91-11-55649115 |
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Fax No.: |
91-11-29552116 |
DIRECTORS
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Name : |
Mr. Mukul Kumar Agarwal |
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Designation : |
Director |
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Address : |
54-A, Sainik Farms, Khanpur, Delhi-62. |
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Date of Birth/Age : |
15.11.1962 |
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Date of Appointment : |
10.12.2004 |
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Name : |
Mr. Manoj Kumar Kansal |
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Designation : |
Director |
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Address : |
54-A, Sainik Farms, Khanpur, Delhi-62. |
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Date of Birth/Age : |
12.09.1971 |
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Date of Appointment : |
10.12.2004 |
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Name : |
Mr. Ram Dev Gupta |
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Designation : |
Director |
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Address : |
54-A, Sainik Farms, Khanpur, Delhi-62. |
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Date of Birth/Age : |
17.03.1939 |
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Name : |
Mr. Sanjay Bhatnagar |
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Designation : |
Director |
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Address : |
MG-2/638, Shalimar Garden EXTN-1, Sahibabad, Dist: Gaziabad |
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Date of Appointment : |
10.12.2004 |
MAJOR SHAREHOLDERS
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Names of Shareholders |
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No. of Shares |
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Mukul Kumar Agarwal |
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3500 |
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Manoj jKumar Kansal |
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3500 |
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Ram Dev Gupta |
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40000 |
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Sanjay Bhatnagar |
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3000 |
BUSINESS DETAILS
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Line of Business : |
To carry on the business as developers, designers, manufacturers, assemblers, repairers, servicers, researchers, discoverers, maintenance engineers, buyers, sellers, publishers, importers, exporters, agents, licensors, hirers, consultants/advisors and dealers in all types of telecommunications and telecommunication, related information Technology (IT) and IT related, communication systems, satellite and satellite related software and development, consultations, publication, education and training in IT Products and related services, software tools and application and or turkey convergent technologies, integration software services products, computer and hardware related, network and networking related, internet and internet related activities including internet service providers (ISP), internet strategies and consulting related software development either as products or on turnkey basis, e-commerce application including e-commerce applications including, in particular, developing and providing e-commerce platforms, developing dynamic database driven electronic commerce sites and systems for sales. |
GENERAL
INFORMATION
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No. of Employees : |
-- |
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Bankers : |
Bank of Baroda Saket, New
Delhi:110017, Delhi |
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Facilities : |
-- |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Anil Ajay and Company Chartered Accountants |
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Address : |
Office No.37, DDA Market, Surajmal Vihar, Delhi:110092 |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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5000 |
Equity Shares |
Rs.10/- each |
Rs.0.500 Millions |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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5000 |
Equity Shares |
Rs.10/- each |
Rs.0.500 Millions |
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 |
31.03.2005 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
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0.500 |
0.500 |
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2] Share Application Money |
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0.000 |
0.000 |
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3] Reserves & Surplus |
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1.755 |
0.000 |
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4] (Accumulated Losses) |
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0.000 |
(0.176) |
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NETWORTH |
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2.255 |
0.324 |
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LOAN FUNDS |
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1] Secured Loans |
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0.000 |
0.000 |
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2] Unsecured Loans |
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16.517 |
2.369 |
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TOTAL BORROWING |
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16.517 |
2.369 |
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DEFERRED TAX LIABILITIES |
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0.013 |
0.000 |
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TOTAL |
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18.786 |
2.693 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
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0.557 |
0.366 |
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Capital work-in-progress |
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0.000 |
0.000 |
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INVESTMENT |
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0.000 |
0.000 |
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DEFERREX TAX ASSETS |
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0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
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18.073 |
0.127 |
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Sundry Debtors |
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12.912 |
0.000 |
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Cash & Bank Balances |
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0.959 |
0.176 |
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Other Current Assets |
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2.041 |
1.783 |
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Loans & Advances |
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3.232 |
0.350 |
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Total
Current Assets |
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37.217 |
2.436 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Current Liabilities |
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18.724 |
0.129 |
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Provisions |
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0.281 |
0.00 |
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Total
Current Liabilities |
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19.005 |
0.129 |
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Net Current Assets |
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18.212 |
2.307 |
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MISCELLANEOUS EXPENSES |
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0.017 |
0.020 |
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TOTAL |
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18.786 |
2.693 |
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KEY RATIOS
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PARTICULARS |
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31.03.2006 |
31.03.2005 |
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Debt Equity Ratio (Total Liability/Networth) |
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8.42 |
0.39 |
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Current Ratio (Current Asset/Current Liability) |
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1.95 |
18.88 |
LOCAL AGENCY
FURTHER INFORMATION
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Corporate
identity number of the company |
U64203DL2004PTC131153 |
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Name of the
company |
GREATECH TELECOM TECHNOLOGIES
PRIVATE LIMITED |
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Address of the
registered office or of the principal place of business in India of the company |
54-A Sainik
Farms, Khankpur, New Delhi:110062, Delhi, India |
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This form is for |
Creation of
charge |
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Type of charge |
Hypothecation |
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Particular of
charge holder |
Bank of Baroda Saket, New
Delhi:110017, Delhi |
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Nature of
instrument creating charge |
Hypothecation
Agreement |
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Date of
instrument Creating the charge |
16.03.2006 |
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Amount secured by
the charge |
Rs.60.200
Millions |
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Brief of the
principal terms an conditions and extent and operation of the charge |
Overdraft (Clean)
Bill Discounting, Flc, Bg, ROI-13.5% in O/D, B/D 7.25% Margin 2.50% Payable
On Demand |
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Description of
the property charged |
Stock in trade |
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Particulars of
the property charged |
Stock at New
Delhi and Dehradun (Mohbewale) |
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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.42.15 |
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UK Pound |
1 |
Rs.84.38 |
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Euro |
1 |
Rs.57.22 |
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 |
3 |
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OPERATING SCALE |
1~10 |
3 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
5 |
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--PROFITABILIRY |
1~10 |
2 |
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--LIQUIDITY |
1~10 |
4 |
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--LEVERAGE |
1~10 |
4 |
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--RESERVES |
1~10 |
3 |
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--CREDIT LINES |
1~10 |
3 |
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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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29 |
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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