MIRA
INFORM REPORT
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Report Date : |
11.12.2007 |
IDENTIFICATION
DETAILS
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Name : |
AVIATION AND SPACE TECHNOLOGY |
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Registered Office : |
UG – 1, Thapar House, Community Centre, Gulmohar Enclave, New Delhi –
110 0419 |
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Country : |
India |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
1985 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
DELA15999E |
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PAN No.: [Permanent
Account No.] |
AALFA1542L |
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Legal Form : |
Partnership concern with an Unlimited Liability of the partners. |
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Line of Business : |
Suppliers of RF equipments and facilities, satellite sub – systems and
hardware for both communication and remote sensing satellite. |
RATING &
COMMENTS
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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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Status : |
Satisfactory |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is a consultancy firm managed by a well – experienced and
respectable personnel. His trade relations are fair. No payment could be available,
due to the nature of its activities. The concern can be considered normal for business dealings at usual
trade terms and conditions. |
LOCATIONS
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Registered Office : |
UG – 1, Thapar House, Community Centre, Gulmohar Enclave, New Delhi –
110 0419, India |
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Tel. No.: |
91-11-26512889 / 26522964 |
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Mobile No.: |
91-9810095791 |
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Fax No.: |
91-11-26520352 |
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E-Mail : |
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Website : |
PARTNERS
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Name : |
Mr. Brij M Malhotra |
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Designation : |
Partner |
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Qualification : |
MBA |
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Name : |
Mr. Sachin Malhotra |
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Designation : |
Partner |
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Qualification : |
MBA |
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Name : |
Mr. Vikas Malhotra |
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Designation : |
Partner |
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Qualification : |
MBA |
BUSINESS DETAILS
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Line of Business : |
Suppliers of RF equipments and facilities, satellite sub – systems and
hardware for both communication and remote sensing satellite. |
GENERAL
INFORMATION
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No. of Employees : |
6 |
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Bankers : |
HDFC Bank Limited Address: CC 31, Kalkaji Branch, New Delhi – 110 019, India |
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Banking
Relations : |
----- |
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Associates/Subsidiaries : |
Nil |
CAPITAL STRUCTURE
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Capital Investment : |
NA |
FINANCIAL DATA
[all figures are in Euros Millions]
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Particulars |
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31.03.2007 |
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Sales Turnover |
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5.000 |
LOCAL AGENCY
FURTHER INFORMATION
TRADE REFERENCE:
· Indian Space Research Organisation.
· Indian Defence and space Industry.
OTHER INFORMATION:
The consultant, Brij M Malhotra, has a MBA (Marketing) degree and has
been engaged in business development of products and services of foreign
companies with the aerospace Industry in India for 30 years. Until mid –
eighties, the consultant was working with an Indian Company – Rolax Aviation
Corporation, as Vice president and was responsible for planned growth of the
company.
The Consultant started working independently
in the name and style of aviation and space Technology, exclusively with the Indian
Space industry, first with MBB and then Linde, Messer Griesheim , eagle Poicher
and now Astrium GmbH Major milestones:-
· Introduction of Astrium Space transportation Propellant tanks for Inspat -2, Insat – 3 and insat -4 series of satellites, develpoe4d by ISRO, Inspite of serous competition from SEP (now SNECMA), Lockheed and later from PSI
· Supply and installation of LH2 plant at ISDRO‘s, mahendragiri facility in competition with Le’ Air Liquide, air products Inc.
· Supply of high pressure tanks from Messer Greisheim to ISRO’s LPSC in competition with Le’ Air liquide.
· Supply of NiH-2 batteries for insat Satellites to ISRO in competition with saft.
· Supply of antenna Syatem for insat – 2 Satellites to ISRO in competition with Loral, Spar, Alcatel, Alenia
· Supply and installation of two Antenna Measurement facilities to ISRO
· Supply of more than 100000 SI, SCA’s to ISRO in competition from Sharp
· Supply of CERP composite Camera Structure in competition with COI and Elop
· Established Astrium as supplier for communication payload
· Established TESAT as prime supplier for C-Band TWTA’s.
All this business and contracts have been
achieved from a position where each of the above companies had no business at
all with ISRO.
Results obtained in the course of last 5 years
· EADS space Transportation Division, Bremen.
Contracts achieved
for propellent tanks for Insat 2, Insat 3, and Insat 4 series of satellites
developed by ISRO
Contact Point: Mr.
Hennings
· EADS Astrium GmbH, Ottobrunn
Contracts achieved
for supply of solar generators for Indian Remote Sensing and Insat Series of
satellites built by ISRO
Contact Point: Mr.
Guenther Adam
· EADS Astrium , Freidrichshaften
Contracts achieved
for supply of Ku – Band LTWTA‘s to Space Applications Centre, Ahmedabad for
installation on insat 4 and Gsat series of satellites.
Contact: Point:
Dr. E Krahn
· EADS Astrium GmbH, Friedrichshaften
Contract achieved
for development and supply of Camera Structure for Cartosat 2 series of
satellites
Contact Point: Dr.
B Flat
· EADS Astrium GmbH, Ottobrunn
Contract achieved
for supply and installation of 2 Antenna Measurement facilities (Compact Range)
at ISRO’s Bangalore and Ahmedabad Division.
Contact point Ms.
M Aydogan
· EADS Astrium GmbH, Ottobrunn
C Band and Ku Band
Anteena Systems for insat 2
Contact Point:
Mrs. M Aydogan
· Eagle Picher, Joplin MIO USA
Contract achieved
for supply of NHiH2 batteries for Insat satellites developed by ISRO
Contact Point: Mr.
David Mascher
· TESAT Spacecom GmbH and Company Backnang
Contracts achieved
for supply of C – Band LTWTAS to space applications centre, Ahmedabad for
installation on Insat and Gsat series of satellites.
Name of principal and their Products:
· EADS –Space Transportation Division, Bremen, Germany
Products:
Propulsion Systems and Components
· EADS – Astrium, GmbH, Germany
Products- Astrium,
GmbH, Germany
Products:
Mechanical, thermal, power conditioning Subsystems, Communication payload Test
facilities, Solar Arrays
· EADS – Astrium , SAS, France
Products: Space Avionics,
Data Compression and Gyro –Scopic Equipment
· EADS – Astrium , limited, UK
Products:
Communication payloads and Cryogenic Equipments.
· Messer Griesheim ,Germany
Products: High
Pressure and Run Tanks Cryogenics lines
· RWE Solutions, Heilbronn, Germany
Products: Solar
Power Systems for satellites.
· Eagle Picher Technology, Joplin Mo. USA
Ni H2 Batteries
for space application.
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.39.36 |
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UK Pound |
1 |
Rs.80.58 |
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Euro |
1 |
Rs.57.96 |
SCORE & RATING
EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
5 |
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PAID-UP CAPITAL |
1~10 |
5 |
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OPERATING SCALE |
1~10 |
5 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
6 |
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--PROFITABILIRY |
1~10 |
4 |
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--LIQUIDITY |
1~10 |
5 |
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--LEVERAGE |
1~10 |
5 |
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--RESERVES |
1~10 |
5 |
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--CREDIT LINES |
1~10 |
5 |
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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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45 |
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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