MIRA
INFORM REPORT
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Report Date : |
18.12.2007 |
IDENTIFICATION
DETAILS
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Name : |
AVIOHELITRONICS KNOWLEDGE RESEARCH AND ANALYSIS PRIVATE LIMITED |
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Registered Office : |
1ST Floor, Navya Center, No. 15, Service Road, Domlur Layout,
Airport Road, Bangalore – 500 071, Karnataka |
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Country : |
India |
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Date of Incorporation : |
18.09.2006 |
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Com. Reg. No.: |
40536 |
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CIN No.: [Company
Identification No.] |
U74130KA2006PTC040536 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
BLRA08670E |
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PAN No.: [Permanent
Account No.] |
AAFCA9438E |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Provider of Technical Solutions services on Indian and Overseas
Aerospace and Defence sector. |
RATING &
COMMENTS
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MIRA’s Rating : |
C |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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Status : |
New Company |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject appears to be in the initial stage of business. Its first
financial is awaited. Management declined business information. It would be prudent to deal with the company on fully safe and secured
trade terms and conditions, initially. |
LOCATIONS
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Registered Office : |
1ST Floor, Navya Center, No. 15, Service Road, Domlur
Layout, Airport Road, Bangalore – 500 071, Karnataka, India |
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E-Mail : |
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Corporate Office : |
2nd Floor, Navya Center, No. 15, Service Road, Domlur
Layout, Airport Road, Bangalore – 500 071, Karnataka, India |
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Tel. No.: |
91-80-41488262 / 8269 |
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Fax No.: |
91-80-41488261 / 8260 |
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E-Mail : |
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Website : |
DIRECTORS
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Name : |
Mrs. Prabha Nagrajan |
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Designation : |
Director |
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Address : |
54, Svapna, 1st Cross, Domlur layout, Bangalore – 560 071,
Karnataka, India |
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Date of Birth/Age : |
17.05.1977 |
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Name : |
Mr. Sameer Premnath Sonpavde |
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Designation : |
Director |
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Address : |
H No. 3040, VV Mohalla 1st Main, Mysore – 570 001,
Karnataka, India |
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Date of Birth/Age : |
24.12.1970 |
MAJOR SHAREHOLDERS
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Names of Shareholders |
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No. of Shares |
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Mr. Sameer Premnath Sonpavde |
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5000 |
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Mrs. Prabha Nagrajan |
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5000 |
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Total
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10000 |
BUSINESS DETAILS
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Line of Business : |
Provider of Technical Solutions services on Indian and Overseas
Aerospace and Defence sector. |
GENERAL
INFORMATION
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Bankers : |
NA |
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Banking
Relations : |
Unknown |
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Associates/Subsidiaries : |
Nil |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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10000 |
Equity shares |
Rs. 10/- each |
Rs. 0.100 million |
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 million |
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FINANCIAL DATA
[all figures are in Rupees Millions]
FINANCIALS:
No financials are available. Since incorporation of the company.
LOCAL AGENCY
FURTHER INFORMATION
WEBSITE DETAILS:
Subject is a Technical Solutions Provider focused on the Indian
and overseas Aerospace and Defence sector, providing Implementation and Consulting
Services in Information Technology, Maintenance, Repair and Overhaul,
Knowledge Research and Analysis and Business to Business.
Their team includes skilled professionals, Industry Experts and Consortium
Partners from domains encompassing Avionics Systems Software Development and
Testing, Electronics Subassemblies and Fabrication, Supply Chain Management and
Rotary-Wing Flight Training.
Firmly in place is their seamless delivery system. They have an innate and
unique understanding of Quality, Standards, Technology, Market Trends and
Dynamics and Customer requirements. Deeply embedded, are their unflinching
values and a transparent work-culture with clients and employees. They see
their clients as Team-Members and employees as Partners, to achieve their Prime
Objective – Success. They undertake only to deliver.
“AvioHeliTronics InfoSystems Private Limited” (AIS) is focused on
software development and verification activities for real-time safety-critical
embedded software. AIS adds value, over the entire software development
lifecycle from software requirements analysis through to software integration
and product acceptance. The software development approach is designed to
deliver projects on time with desired quality in a cost efficient manner and to
support the clients in achieving their objectives.
AIS advocates a long-term relationship. This enhances the success of
programs through subject matter expertise, knowledge management and efficient
project planning and execution. Being responsive to expectations with an open,
honest and flexible working environment, AIS is able to address its client
needs in the most demanding of situations, providing a high degree of
satisfaction and confidence.
Subject provides a window for the Indian Aerospace and Defence sector.
Their professional Market Research Analysis services help identify competent
outsourcing partners to meet imminent A and D offset commitments; while
implementing strategies to prepare cost-effective techno-commercial proposals.
Their team of experts study and analyze the needs of customers and
provide them with researched information on opportunity areas, growth trends,
market trends along with strategies to take it forward through consortium
building, outsourcing, industrial partnerships and Joint-ventures. Put together
strategic plans to explore and expand program-specific industrial outsourcing
activities for clients, in order to increase their Market-Presence.
“AvioHeliTronics MRO Private Limited” undertakes design, development and
fabrication of Test-Bench and ATE’s for advanced electronics and avionics
systems. They could undertake maintenance, repair and overhaul of avionics and
electronics equipment, under license of OEMs. This would include coordination
of Repair and Overhaul for flight-critical rotables by liaising with OEM's and
MRO centers worldwide, on a turnkey basis. They can also build and provide, on
contract, industry proven skilled manpower teams, to manage the onsite MRO
requirements.
“AvioHeliTronics B2B Private Limited” provides an office away from
office for its offshore clients. The commercial infrastructure caters for all
local project management requirements like high-speed communication links as
well as video-conferencing facilities along with other office automation tools
and utilities. The facility is truly world-class and does not let the user miss
his or her normal workplace. In addition to these services, they also provide
and facilitate Visit Management, Program Planning, Documentation, Translation
and Market Research services.
Subject has on the anvil – a project with ‘Kairali Aviation’ to
undertake the implementation of a Flight Training School and Chartering
Service, in the state of Karnataka. The proposed training would include
helicopter flight training for civil and military requirements. The proposed
location of this venture is presently projected to be Mysore, 140Kms off the
city of Bangalore.
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.39.57 |
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UK Pound |
1 |
Rs.78.93 |
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Euro |
1 |
Rs.56.85 |
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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