MIRA
INFORM REPORT
|
Report Date : |
09.01.2007 |
IDENTIFICATION
DETAILS
|
Name : |
GI
TERMINAL I – TECH PRIVATE LIMITED |
|
|
|
|
Formerly Known As: |
GI
TERMINAL TECH INDIA PRIVATE LIMITED |
|
|
|
|
Registered Office : |
Citi
Tower, Office – B, 117 Thyagaraya Road, T Nagar, Chennai – 600017, Tamilnadu |
|
|
|
|
Country : |
India |
|
|
|
|
Date of Incorporation : |
23.03.2006 |
|
|
|
|
Com. Reg. No.: |
18-59277 |
|
|
|
|
CIN No.: [Company
Identification No.] |
U72900TN2006PTC059277 |
|
|
|
|
TAN No.: [Tax
Deduction & Collection Account No.] |
CHEG07901F |
|
|
|
|
PAN No.: [Permanent
Account No.] |
AACCG6098B |
|
|
|
|
Legal Form : |
Private
Limited Liability Company |
|
|
|
|
Line of Business : |
Subject
is an End to End Lottery Gaming and Commercial Transaction Solution Providing
Company |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
|
|
|
|
|
Status : |
New
Company |
|
|
|
|
Payment Behaviour : |
Unknown
|
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject
is new company and yet to establish itself. Nothing much can be said about
the company at present. It can
be considered for any business dealings on fully safe and secured trade terms
and conditions only. |
LOCATIONS
|
Registered Office : |
Citi
Tower, Office – B, 117 Thyagaraya Road, T Nagar, Chennai – 600017, Tamilnadu |
|
Tel. No.: |
91-44-43913000 |
|
Fax No.: |
91-44-28154313 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
|
Name : |
Mr.
Usman Fayaz |
|
Designation : |
Director
|
|
Address : |
18,
Cenotaph Road, Teynampet, Chennai – 600018, Tamilnadu |
|
Date of Birth/Age : |
01.05.1951 |
|
Date of Appointment : |
17.07.2006 |
|
Pan No.: |
AADPF8520H |
|
Profile: |
Dr.
Usman Fayaz, aged about 51, is the visionary of the Indian Lottery Industry.
Dr. Fayaz is a commerce graduate from Madurai and has recently been awarded
Doctorate degree by Indra Prashta University, Delhi. He has been involved in
the development of the Indian lottery industry from its paper format in the
late 1970s to its modernization to the online and internet formats till date.
Further he has experience in being a lottery seller, distributor, organizer
and an innovator who was responsible for the advent of the concept of
internet based distribution of paper lottery tickets. He is also known for
his strong lobbying power with various State Governments across India. He has
been extremely influential and responsible for the transformation of Indian
lottery industry from being a paper format to the modern online and internet
formats. He has keen interest in the media and technology businesses. Dr.
Fayaz has also traveled widely across the globe and is a proud Winner of
‘Best Lottery Professional’ Award awarded by PGRI, USA. He also handles the
office of President, All India Federation of Lottery Trade and Allied
Industries which is actively involved in promoting lotteries across various
states and Governments in India. Dr. Fayaz is also the Honorary Consul
General of the Republic of Liberia. Dr.
Fayaz, as the Chairman of the company is instrumental in GI bagging several
prestigious contracts from several lottery companies marketing government
lotteries in India and Bhutan. Dr. Fayaz continues his untiring efforts to
open up lotteries in more states in India and for the modernization and
development of the lottery industry in India. |
|
|
|
|
Name : |
Mr.
Ramu Annamalai Ramsamy |
|
Designation : |
Chief
Executive Officer |
|
|
Mr. Ramu Annamalai
Ramsamy, aged about 31, is a management graduate from BITS, Pilani. He
conceived the idea of internet based lottery distribution system along with
Dr. Fayaz and helped InLott, a Martin Lottery Group Company (worlds largest
organizer of paper lotteries), launch this successful new concept. He is well
connected with various lottery organizers in India and is also aggressively
looking for clients and business partners across the globe. Mr. Ramu Annamalai
Ramsamy handles overall business and operations of the company. He has been
instrumental in launching commercial transaction processing as a part of the
services offered by GI. He is the main motivating factor for the team to try
out newer technology in this industry, using which the cost incurred for the
service provider can be reduced to a greater extent. He also holds the office
of Vice President, All India Federation of Lottery Trade and Allied
Industries. |
|
|
|
|
Name : |
Mr.
Palaniyapan |
|
Designation : |
COO |
|
|
Mr. RM. Palaniyapan,
aged 27, is an engineering graduate from PSG College of Technology,
Coimbatore. He has been the main driving force on development of various
products of GI including the invention of the ePaper Lottery product and the
roll out of the online lottery solutions. He has been instrumental in making
the product stabilize and win confidence amongst all customers. Mr. RM. Palaniyapan
is also instrumental in designing and rolling out E-Wallet and Drawstar(
Automated Draw Software) lottery drawing software product. He has also rolled
out offline management of online games, passive lottery suite, sports betting
suite, video lottery suite and is actively working on rolling out new
technology initiatives of GI. |
MAJOR SHAREHOLDERS
|
Names
of Shareholders |
No. of Shares |
|
Mr. T
R Gopalkrishnan |
5000 |
|
Mr.
Ranjit Kumar Patro |
5000 |
|
Mrs.
Paromita Chakrobarti & Samir Dilip Mehta |
117800 |
BUSINESS DETAILS
|
Line of Business : |
Subject
is an End to End Lottery Gaming and Commercial Transaction Solution Providing
Company |
GENERAL INFORMATION
|
Bankers : |
Not
Available |
|
|
|
|
Facilities : |
-- |
|
|
|
|
Banking Relations : |
-- |
|
|
|
|
Associates/Subsidiaries : |
Nil |
CAPITAL STRUCTURE
Authorised
Capital :
|
No.
of Shares |
Type |
Value |
Amount |
|
200000 |
Equity
Shares |
Rs. 10/- Each |
Rs. 2.000 Millions |
Issued,
Subscribed & Paid-up Capital :
|
No.
of Shares |
Type |
Value |
Amount |
|
36600 |
Equity
Shares |
Rs. 10/- Each |
Rs. 0.366 Millions |
FINANCIAL DATA
[all figures are in Rupees
Millions]
Nil
LOCAL AGENCY
FURTHER INFORMATION
Business
The company’s registered
office was shifted from 31/14, 1st Floor, Krishnaswamy Avenue, Luz,
Mylapore, Chennai – 60004 to the present address
Business of providing
Technology Solutions for On line Transaction Processing and its allied
Services, Creating and Maintaining services for Online Transaction Processing
systems, providing Networking Service and solutions for Online Transaction
Processing Systems, Developing maintaining and Installing Specialised Terminal
for Online Transaction Systems, Providing Solutions and Networking systems for
International Gaming and its allied activities both in India and aboard
As per Website Details
GI Terminal Tech India
Private Limited is an end-to-end Lottery Gaming Solution Company based in
India. GI has been formed by professionals and entrepreneurs who have more than
35 years of experience in lotteries and allied industries.
All Governments in India and
Bhutan that run lotteries use GI's solution to market and distribute their
lottery tickets. Their solution is also being used by the Liberian National
Lottery (Monrovia) and Congolese De Jeux, a premier lottery gaming company in
the Republic of Congo.
As on date, GI's technology
powers more than 20,000 lottery gaming terminals in India which collectively
handles volume of more than 8 million transactions per day
In their endeavor to
provide their clients with end-to-end solutions, they have developed a 360
degree lottery solutions suite.
Located in Chennai, India, one of the fastest growing software development
centers in the world, GI is backed by a strong team of technology professionals
who have invented and given the concept of ePaper Lottery to the Indian Lottery
market. The ePaper Lottery is an innovative lottery product brought out by GI
to the Indian Lottery Market, bringing out the best of Traditional Paper
Lottery and the Technology based Online Lotteries. 80% of Indian lottery
operators are using GI’s technology to power their lottery operations for
ePaper format. GI’s ePaper and online lottery solution is considered as the
industry bench mark by other software providers to follow and emulate.
Products
GI CENTRA - The Core Platform
GI Centra is a new-age software designed keeping in mind the dynamic nature of the lottery and the commercial transaction industry. GI Centra powers more than 8 million transactions per day from more than 20000 installed terminals in India.
GI Centra - their core platform powers the following suites
• COMTRAN -Commercial transaction Platform
Features
|
Flexible |
Efficient |
Secure |
|
Highly
Scalable |
Capable
of handling more than 20 Million Transactions a day |
Latest
encryption logic ensures security of data |
|
Ability
to connect with more than 14 modes of connectivity |
Proven
credit management system |
|
|
Capability
to handle both passive and online games |
Ability
to accept bets 10 seconds before the draw time |
BS7799
compliant security measures on data storage and retrieval |
|
Integrates
with multiple business modules |
Proven
High availability and best performance irrespective of terminal load and
nature of transactions |
Multi
Layer Security (Central Server to Terminals) |
|
Network
and Platform Independent |
MIS
suite - 360° reports and customised reports on demand |
Solutions
At GI they specialise in offering a 360 degree solutions to the gaming and
lottery needs. However, they also offer segment based solutions catering to the
needs.
Their segment based solutions would
offer:
- Designing the appropriate games and
lottery scheme
- ePaper and Online lottery central server
software
- ePaper and Online lottery terminal
software
- Instant Ticket Verification and Management
Solutions
- eNabling and mNabling of these games
- Datacenter and Disaster Recovery Solutions
– design, set up and maintainance
- Network Planning – pan national network
solutions design, set up and maintenance
- Management Reporting System
- Draw Management and Draw Conducting
Software with live telecast option
GI INTEGRATE
Today, in every
organization, IT is a complex mix of technologies, platforms and applications.
At GI they have spent considerable time analyzing and answering these
questions. GI's Integration service enables any of GI's products to integrate
with the existing central system.
GI MIGRATE
GI Tech's robust,
scalable and superior central system (GI Centra) is the worlds first “Software
Based Lottery Suite” which works effectively with any terminal and supports
over 14 modes of network connectivity. GI Centra is also highly cost effective
and high quality lottery system. This is built with 35 years of lottery experience.
GI Migrate has the
capability to migrate the TM existing system(s) to GI Centra platform without
any loss in Sales Operations & Distribution.
Corporate
background
GI Terminal Tech India Private Limited is an end-to-end Lottery Gaming Solution Company based in India. With over 35 years of experience in lotteries and allied industries. Member of the Barings Int’l Group.
All the state governments in India
and Bhutan that run lotteries use GI’s
solution to market and distribute their lottery tickets. They also power the
Liberian National Lottery & Congo Lottery.
Their team comprises of experienced lottery experts who offer game strategy and
lottery schemes backed by a 100-member technology team. Their software is terminal and network independent. Their
technology enables a daily sales turn over of US$ 2.3 Mn over 1250 draws held
daily.
Their technology back-end enables multiple modes of network, with a 99.5%
uptime.
They follow ISO-9001-2000, BS7799 / ISO 27001 norms.
They can offer games that are interactive, innovative, cost-effective &
high quality. They are confident that with their partnership they can offer the
best solution to the National Lotteries of UK.
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 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.44.42 |
|
UK
Pound |
1 |
Rs.85.79 |
|
Euro |
1 |
Rs.57.80 |
SCORE &
RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
2 |
|
PAID-UP CAPITAL |
1~10 |
2 |
|
OPERATING SCALE |
1~10 |
- |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
- |
|
--PROFITABILIRY |
1~10 |
- |
|
--LIQUIDITY |
1~10 |
2 |
|
--LEVERAGE |
1~10 |
2 |
|
--RESERVES |
1~10 |
2 |
|
--CREDIT LINES |
1~10 |
1 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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 |
|
11 |
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 |
|