MIRA
INFORM REPORT
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Report Date : |
04.07.2007 |
IDENTIFICATION DETAILS
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Name : |
MODERN COMMUNICATION AND BROADCAST SYSTEM |
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Registered Office : |
17, Vasuma Bungalows, Vastrapur, Ahmedabad – 380015, |
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Country : |
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Financials (as on) : |
31.03.2006 |
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Date of Incorporation : |
25.07.1985 |
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Com. Reg. No.: |
007980 |
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CIN No.: [Company
Identification No.] |
U32100GJ1985PTC007980 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
AHMM01615F |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Manufacturing, Importing, Distributing and Selling of
CATV, SMATV, CCTV, Satellite TV, TV Studio and Broadcast Equipments |
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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Maximum Credit Limit : |
USD 132432 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a well established and reputed 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 normal for business dealings at usual
trade terms and conditions. |
LOCATIONS
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Registered Office : |
17, Vasuma Bungalows, Vastrapur, Ahmedabad – 380015, |
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Tel. No.: |
91-79-26562821 |
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Fax No.: |
91-79-26401407 |
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E-Mail : |
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Website : |
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Head Office / Factory : |
B – 138/139, GIDC Electronics Estate Sector – 25, Gandhinagar –
382025, |
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Tel. No.: |
91-79-23243462 / 23246016 / 32960065 |
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Fax No.: |
91-79-23240585 |
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E-Mail : |
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Ahmedabad Office : |
SF – 11, B-Wing, Maradia plaza, |
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Tel. No.: |
91-79-26562821 / 30020081 |
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Fax No.: |
91-79-26401607 |
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Mr. S. N. Nanjunda Iyer No. 152 2nd Floor, Hanuman Chambers, 2nd |
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Telfax No.: |
91-80-26609280 |
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Mr. Vinay Joshi / Mr. Suresh B. Plot No.23, Paigah Colony, |
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Telfax No.: |
91-40-27901810 |
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Tel No.: |
91-40-55320776 / 27902100 |
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E-Mail : |
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Mr. P.S. Bhatnagar 141, DDA Office Complex, Cycle Market, Jandewalan Extn, |
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Mobile No.: |
91-9868648451 |
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Bhubaneshwar Office: |
Mr. C.S. Patnaiak Plot No. 614, Behind Yamaha Bike Point, Bomikhal, |
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Mobile No.: |
91-9338208229 |
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FM – 5A, Mansarover Complex, Opp. Habibganj Railway Station, |
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Mobile No.: |
91-9328024333 |
DIRECTORS
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Name : |
Mr. Fulchand Gyanchand Jain |
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Designation : |
Chairman cum Managing Director |
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Address : |
17, Vasuma Bungalows, Opp. Taxshila Flats, Vastrapur, Ahmedabad –
380015, |
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Date of Birth/Age : |
30.03.1946 |
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Qualification : |
BE, ME (Adv. Electrical), Fiete Miee |
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Experience : |
20 Years (ISRO) |
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Date of Appointment : |
25.07.1985 |
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Profile: |
He has about 15 years of working experience with Space Applications Centre (SAC), Indian Space Research Organization (ISRO), and was a leading member of Research and Development team, especially in the field of Video, image processing, communication and broadcast equipment development. He has designed and
developed complex equipment and systems of immense use in He has worked on a number of Satellite communication and Broadcast networks in the country. He has been a member of various committees of Department of Electronics, Doordarshan, Department of Science and Technology, Ministry of Education, University Grants Commission and several other organization. He was a member of UNESCO Team of ‘Transfer of Technology in Communication in Developing Countries’. He has traveled to Europe, USA, Canada and Japan as ITU/UNDP fellow in 1978 and 1982 where he carried out important research studies in the world’s top most of organizations namely, ABC, PBS, CBS, Ford studies in the world’s top most organizations namely ABC, PBS, CBS, Ford Aero Space and AMPEX Corporation (USA), IBA and BBC in UK, NHK, Sony and NEC in Japan. He has published 80 technical papers in national and international
journals. He was fellow of Institution of Electrical and Electronics
Engineers (IEEE). He has started his career as an entrepreneur in 1984 and
eventually started The company in 1985 and had developed it to its’ present
position in the last one decade. The company produces a vast range of hi-tech
communication products, which are marketed all over |
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Name : |
Mr. Ashish Gyanchand Jain |
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Designation : |
Director |
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Address : |
17, Vasuma Bungalows, Opp. Taxshila Flats, Vastrapur, Ahmedabad –
380015, |
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Date of Birth/Age : |
12.03.1973 |
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Qualification : |
BE, MBA. |
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Experience : |
8 Years (MCBS) |
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Date of Appointment : |
01.12.1995 |
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Name : |
Mr. Manish Gyanchand Jain |
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Designation : |
Director |
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Address : |
17, Vasuma Bungalows, Opp. Taxshila Flats, Vastrapur, Ahmedabad –
380015, |
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Date of Birth/Age : |
01.10.1975 |
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Qualification : |
BE Diploma in International Business Management |
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Experience : |
4 Years (MCBS) |
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Date of Appointment : |
15.11.2002 |
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
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Names of Shareholders |
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No. of Shares |
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Mr. G. C. Jain |
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556000 |
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Mrs. A. D. Jain |
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342400 |
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Mr. Ashish Jain |
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24000 |
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Mr. Manish Jain |
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16000 |
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Mrs. Pooja Jain |
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16000 |
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Mr. Babulal Jain |
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7200 |
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Mrs. Ratnibai Jain |
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7200 |
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Mr. Shrichand Jain |
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7200 |
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Category |
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Percentage of
Holding |
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Directors or Relatives or Directors |
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100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturing, Importing, Distributing and Selling of CATV,
SMATV, CCTV, Satellite TV, TV Studio and Broadcast Equipments |
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Products : |
· Dish Antenna 60Chairman/90Chairman/1.2mtr/8’/12’/16’/20ft · Modulators · Video Audio Routing Switcher · Video Audio · Switcher · Video-Audio Amplifier · V-A Sequential Switcher · CCD Cameras · Video Monitors · Lenses (Manual Monofocal Lense, Auto Iris Lense and Monitorised Zoom Lense) · Switching/Processing Equipment · CCTV Accessories Video-Phone System · Image Processing Product · Telemetry Products |
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Brand: |
MCBS |
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Agencies Held : |
·
·
Scientific Atlanta Inc, ·
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Azure Shine International, ·
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Sigma Electronics Inc., |
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Exports : |
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Products : |
Dish Antenna and CATV items |
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Countries : |
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Imports : |
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Products : |
Digital Receivers, Set Top Boxes, LNB’s, Cable Modems,
Uplink Equipments and Audio-Video Equipment |
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Countries : |
Europe, |
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Terms : |
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Selling : |
L/C or Credit (60 days) terms |
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Purchasing : |
L/C, Cash or Credit (60 days) terms |
GENERAL INFORMATION
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Bankers : |
State Bank of P. O. Box No. 25, Special Commercial Branch, 1st Floor, Near Gandhigram Railway Station, Ahmedabad – 380 009, Tel. 91-79-6576724/6578064 |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
Deepak Kumar Gupta for Ambani Gupta and Jain Chartered Accountants |
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Address : |
311, Abhushan Complex, 17, Mahadevnagar Society, SP Stadium Road,
Navrangpura, Ahmedabad – 380014, Gujarat |
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Associates/Subsidiaries : |
· New Communication Technology Private Limited B-169/170, GIDC Electronics Estate, Sector – 25,
Gandhinagar – 382 044, --Manufacturer of CATV/SMATV Equipments · Modern Communication & Broadcast Systems International Private Limited ·
Space Communication Technology ( ·
Communication Technology Associates,
Ahmedabad, ·
MCBS Service Centre, Ahmedabad, · First Capital & Finance Company Private Limited |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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1000000 |
Equity Shares |
Rs.10/- each |
Rs.10.000 millions |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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1962750 |
Equity Shares |
Rs.10/- each |
Rs.19.627
millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
31.03.2006 |
31.03.2005 |
31.03.2004 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
19.628 |
9.760 |
9.760 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
13.480 |
19.737 |
17.723 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
33.108 |
29.497 |
27.483 |
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LOAN FUNDS |
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1] Secured Loans |
36.775 |
23.825 |
5.242 |
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2] Unsecured Loans |
3.724 |
4.639 |
0.000 |
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TOTAL BORROWING |
40.499 |
28.464 |
5.242 |
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DEFERRED TAX LIABILITIES |
0.180 |
0.374 |
0.000 |
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TOTAL |
73.787 |
58.335 |
32.725 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
27.253 |
22.776 |
21.262 |
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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INVESTMENT |
0.037 |
0.037 |
0.000 |
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DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
35.881 |
45.128 |
3.136 |
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Sundry Debtors |
25.385 |
15.599 |
16.950 |
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Cash & Bank Balances |
9.577 |
6.933 |
24.150 |
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Other Current Assets |
0.000 |
0.000 |
0.000 |
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Loans & Advances |
11.707 |
9.818 |
8.856 |
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Total
Current Assets |
82.550
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77.478 |
53.092 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Current Liabilities |
27.101 |
32.993 |
41.629 |
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Provisions |
9.080 |
9.021 |
0.000 |
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Total
Current Liabilities |
36.181 |
42.014 |
41.629 |
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Net Current Assets |
46.369 |
35.464 |
11.463 |
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MISCELLANEOUS EXPENSES |
0.128 |
0.058 |
0.000 |
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TOTAL |
73.787 |
58.335 |
32.725 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
31.03.2006 (Estimated) |
31.03.2006 (Estimated) |
31.03.2004 |
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Sales Turnover |
200.000 |
203.673 |
88.505 |
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[including other income] |
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Profit/(Loss) Before Tax |
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5.551 |
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Provision for Taxation |
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2.245 |
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Profit/(Loss) After Tax |
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3.306 |
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Dividend |
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0.000 |
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Earnings in Foreign Currency : |
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Export Earnings |
NA |
NA |
2.001 |
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Other Earnings |
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0.000 |
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Total
Earnings |
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2.001 |
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Imports : |
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Raw Materials |
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11.235 |
Total
Imports
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11.235 |
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Expenditures :
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Manufacturing/Cost of
Operations
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65.957 |
Other Operating Expenses
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14.585 |
Depreciation
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2.051 |
Interest
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|
0.361 |
Total
Expenditures
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82.954 |
KEY RATIOS
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PARTICULARS |
|
31.03.2006 |
31.03.2005 |
31.03.2004 |
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PAT / Total Income |
(%) |
NA
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NA |
3.73 |
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Net Profit Margin (PBT/Sales) |
(%) |
NA
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NA |
6.27 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
NA
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NA |
7.46 |
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Return on Investment (ROI) (PBT/Networth) |
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NA
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NA |
0.20 |
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Debt Equity Ratio (Total Liability/Networth) |
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1.09 |
1.42 |
1.51 |
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Current Ratio (Current Asset/Current Liability) |
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2.28 |
1.84 |
1.27 |
LOCAL AGENCY FURTHER INFORMATION
It is in trade terms
with:
> ISRO Telemetry Tracking & Command Network
(ISTRAC),
> Doordarshan
Centres (Mumbai,
> Cauvery Electronics Private Limited
> Videsh
Sanchar Nigam Limited, Mumbai,
> Vikram Sarabhai Space Centre
> SHAR Centre, Sriharikota
> INSAT - 1 Master Control Facility, Hasan
> Skyway
International,
> Rathi
Electronics,
> Star
Electronics,
> Deepak
Electronics, Ahmedabad,
> Gujrat
Communication and Electronics Limited,
> Space
Applications Centre, Ahmedabad,
> Indira
Gandhi National Open University,
> Horizon
Resources Inc.,
HISTORY
Subject was incorporated on 25th July, 1985 at
Ahmedabad in
It is popularly known as ‘MCBS’. It was instituted by professionals and
technocrats who, has engineering experience of more than 20 years from
Since past 17 years the company is in the service of Communication & Broadcast industry. It was originally established for manufacture of Communication & Broadcast equipment, but gradually diversified to include [I] Turnkey Projects & System Integration [ii] Marketing of Foreign Principals products & projects. It has successfully implemented several complex and prestigious projects within the stipulated time period and this has earned for the company a reputed name among its customers and suppliers. With more than 20 years of successful operations, the company has steadily grown its present stature.
The company was primarily set up for manufacturing of Communication and Broadcast equipment. The areas chosen for its’ activity had been CATV/SMATV, Video-Audio equipments and CCTV systems. The coampny has subsequently diversified its’ activities to include:-
a) Turnkey Projects
Marketing and Distribution of products and projects in
various hi-tech communication fields, in association with its’ foreign
principals
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Name of the company |
MODERN
COMMUNICATION AND BROADCAST SYSTEM PRIVATE LIMITED |
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Presented By |
Shri R. G. Jain (Director) |
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1) Date and description of instrument creating the change |
18.08.2005 General agreement
for the grant of Medium Term Advances to Small Scale Industries and
Hypothecation of Movable Book – Debts and Other assets. |
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2) Amount secured by the charge/amount owing on the securities of charge |
Term Loan of
Rs.7.500 millions |
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3) Short particular of the property charged. If the property acquired is subject to charge, date of the acquired of the property should be given |
Term Loan of Rs.7.500
millions to acquire for new machinery (as per list attached) and construction
of shed at the factory premises at Gandhinagar |
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4) Gist of the terms and conditions and extent and operation of the charge. |
The medium term
loan of Rs.7.500 millions secured by way of first charge in favour of Bank The medium term
loan of RS.7.500 millions will be repayable in 36 monthly installment (35
installment of Rs.0.208 million each and the last installment of Rs.0.220
million) commencing form February, 2006 Interest on
medium term loan will be payable at the end of every month and will be
charged at the rate of 2% over SBAR (presently 12.25%) with interest tax if
applicable, subject to change from time to time. |
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5) Name and Address and description of the person entitled to the charge. |
State Bank of Spl. Commercial
Branch, |
Website details attached:
ABOUT THE COMPANY
Modern Communication &
Broadcast Systems Pvt. Ltd. popularly known as "MCBS" is
headquartered at Ahmedabad,
Subject
key areas of activities are as follows:
- Manufacturing of Communication & Broadcast equipment.
- Turnkey projects and systems integration.
- Marketing of Hi-tech communication projects.
- Technical support services to its principal companies.
- MCBS has successfully accomplished a large
number of prestigious projects within the stipulated time frame and that has earned the company a very good name with its customers as well as suppliers.For more than 20 years of its successful operation, MCBS has steadily grown to its present size.
Here are some of the highlights of its achievements:
THE
ACHIEVEMENTS
MCBS
has manufactured, supplied and installed the following major systems
40,000
DRS/TVRO terminals for TV networking & distance education.
More
than 15,000 CATV headends for 16-48
channels throughout
More
than 1000 sets of switching, distribution and processing equipment deployed in
various TV transmission projects of Prasar Bharati
1,00,000
DTH terminals and more than 50,000 DTH systems.
More
than 2,00,000 amplifiers and millions of
passives.
MCBS
has accomplished more than 80 projects for
key customers and organizations in various
infocomm field as listed below:
30
projects in Digital Video Broadcast (DVB) field for ISRO, Defence, VSNL, DOT
& others.
30
projects in TV networking & distance education for various Govts Govt.of.AP,
MP, Orissa,
20
projects for CCTV and Security systems for various industries.
3
CATV super Headend for incable net, Hathway and RPG netcom.
5
Digital CATV projects for Hathway in Mumbai, Chennai &
New Delhi, Reliance (Mumbai & Jamnagar) in association with
Scientific-Atlanta.
Headend
for
Tata Telecom.
MCBS
has designed & developed set-top box for satellite, Cable, &
Terrestrial applications under a project of the
Ministry of Information Technology.
ITS
STRENGTHS
MCBS
is a IS0-9001:2000 registered company
MCBS
is a professionally managed company to provide products & services in the
Hi-tech areas of communication field.
MCBS
has a track record of 20 years of successful, operations providing excellent
products & services
to all its customers.
It
enjoys excellent reputation and goodwill amongst
its customers, suppliers & dealers.
MCBS
has been working on many complex projects in several remote areas of
tribal areas.
MCBS
has developed vast experience in production, after-sales service support,
marketing, imports & exports, creation of job contract and sub contracts
for meeting immediate and diverse needs.
MCBS
has highly skilled manpower to take care of its operations including system
design, consultancy and turnkey projects.
It
has an excellent dealer / distributor network throughout
material suppliers in
MCBS
has more than 150 field staff for technical
support services and has more than 15 project offices throughout
Group of Companies
MCBS group has set up a number of companies to support various activities
in marketing, production, financing & in the field of hi-tech
communication.
These are listed below:
i)Modern Communication
& Broadcast Systems International Pvt. Ltd. (MCBS International
Pvt. Ltd.)
ii)New Communication Technology Pvt. Ltd. (NCT)
iii)Communication Technology Associates (CTA)
iv)MCBS Service Centre (MSC)
v)Space Communication Technology (
vi)First Capital and Finance Pvt. Ltd. (FCF)
highlights of achievements
> The company is a medium sized company but professionally managed to provide products and services in Hi-Tech areas of communication
> It has a successful track record of 20 years of operations providing excellent products and services to all its customers
> It enjoys excellent reputation and goodwill among its customers, suppliers and dealers.
> It has been working on many complex
projects in several emotely located rural & tribal areas of
The company is the distributors for ‘Chaparral
Communication,
The company has received ISO 9001 Certification from KPMG.
The company providing following facilities :-
· Satellite Receiver Assembly and Test Facility
· Cable TV Head End Assembly and Test Facility
· Video-Audio Equipment Production and Test Facility
· Digital Video Compression Technology Lab
· CCTV Production and Test Facility
· Design, Development and Systems Engineering Department
· Mechanical Workshops for Dish Antenna Fabrication and Testing
· Painting, Printing, Plating and Powder Coating Facility
· Marketing and Commercial Department
· Administration and Management Department
· Excise and Accounts Departments, Conference and Technical Library
turnkey projects
The company undertakes turnkey projects in a number of key areas. These includes, distance learning technology and systems, total systems solution based on MPEG-2/DVB digital video compression technology in the areas of broadcasting, satcom, cable TV, Telecom, MMDS, Terrestrial Transmission Systems. Complex and large projects related to CCTV and security systems, satellite receiver terminals for DBS and DTH projects, cable TV networks for large and medium cities too are undertaken. Value added services over CATV networks, integration of satellite, CATV and terrestrial networks for digital broadcasting are other services by the company.
Some of the areas in which, the company has earned a name for lf are highlighted below:-
CATV headend and Satellite distribution Network company has
installed about 5000 CATV headends (Medium and Large) throughout
The company achieved further credit in CAT project by satisfactorily accomplishing supply, installation and characterisation of BARCO make 60 channel super headend and Fiber Optic Network for Kolkata city which is operational since 3 years. The company has manufactured and installed more than 15000 dish antenna terminals for satellite distribution.
Large and Complex CCTV Projects SHAR Centre CCTV network was successfully installed by MCBS which comprised of explosion proof CCTV camera, controls, switching equipments and fiber optic links spread over a 35 sq.km. area for a rocket launch complex.
A major CCTV network for a defence organization was accomplished, comprising was accomplished, comprising of CCTV system, fiber optic links, digital radio links, statellite uplink MPEG-2/DVB equipments.
Subject employs around 140 persons in its’ set up comprising of 15 persons in office, 25 persons in factory and 100 persons in branch office.
Subject operates from caption owned office cum factory premises of area admeasuring 20,000 sq.mtrs.
Caption marketing and administrative office premises of area admeasuring approximate 1500 sq.fts. and 1000sq.fts. is also owned.
The company's fixed assets of important value include land, building (including a building under construction), plant and machinery, tools and dies, furniture, motor vehicles, computers, air conditioners, office equipment, etc.
Marketing:
Subject is active in marketing and
distribution of products and services offered by various overseas principals in
the field of communication, broadcast and Information technology.
Within a short span, MCBS has succeeded in carving out a niche segment in these activities because of its reputation, technical understanding, dedicated team, vast infrastructure and its relation with suppliers and customers at all levels. It has marketing tie-ups with following companies:
Scientific
CONTENT
DISTRIBUTION PRODUCTS & SOLUTIONS
- Encoders,
MUX, Decoders, IRDs, Receivers, Interface Products, Control Systems, Power
Vu & Power key CA system
SYSTEM SOLUTIONS FOR BROADBAND NETWORKS
- Analogue
Headends / Digital Headends
Network Management Systems - IP over CATV
Network solutions
- Broadband
Network Products & HFC Products & Solutions
- Power Vu
& Powerkey CA system for Broadband Networks
NEWTEC
PROFESSIONAL
DIGITAL SATELLITE COMMUNICATION EQUIPMENT AND SOLUTIONS
- DVB
MODULATORS (QPSK, 8PSK & 16QAM)
- 2 WAY - VSAT(
A DVB-RCS COMPATIBLE KU/KA & KU/KU BAND SATELLITE BROADBAND ACCESS
SYSTEM)
- DVB
DEMODULATORS AND IRDs
- UP & DOWN
FREQUENCY CONVERTERS
- SDH (155
MBPS) MODULATORS AND DEMODULATORS.
- UDR
MODULATORS & DEMODULATORS (VARIABLE & FIXED RATE)
- UNIVERSAL
REDUNDANCY SWITCHES
- KA-BAND AND
INTERACTIVE-TV FRONT ENDS
- MULTIMEDIA
VSAT NETWORKS
- EARTH
STATIONS (DAMA, DVB, SKYPLEX ETC.)
- DSNG TERMINALS
- MONITORING
AND CONTROL SOFTWARE
SIGMA
ELECTRONICS INC.,
PROFESSIONAL DIGITAL & ANALOG VIDEO & AUDIO ROUTING, DISTRIBUTION AND
CONVERSION PRODUCTS
- SWITCHING :
SOURCE SELECTION AND MATRIX ROUTING
- DISTRIBUTION
: UTILITY, EQUALIZING, RECLOCKING AND MONITORING
- CONVERTERS :
4:2:2 TO YUV, 4:2:2 TO RGB, YUV TO 4:2:2
- BLACK BURST
& COLOR BARS GENERATOR
- SIGNAL
PROCESSING : PAL TO YC/ RGB, YC TO YUV TRANSCODER
IP-based Datacasting Over Satellite
(IP Over DVB) Systems & Solutions
- Distance Learning
& multimedia content distribution
- High speed
internet infrastructure
- Data
broadcast only & with interactivity
- SuperFlex: Hi-speed,
DVB Datacasting system
- DataNet:
Low-speed Datacasting system
- FlexRoute
& MPEG Pro: Digital Audio Broadcasting
- NetManager:
Network Management & Control System
- EchoNet:IP
Multicasting / File Transfer software
- QPSK &
8PSK Data/ IP Receivers
FOXCOM Ltd.,
PROFESSIONAL FIBER OPTIC INTERFACILITY
LINKS AND BROADBAND FTTH SYSTEMS
- SAT LIGHT - A COMPLETE
FAMILY OF INTERFACILITY LINKS (L-BAND, C-BAND& SATELLITE IF LINKS)
- HOMEPATH - FIBER TO
THE HOME (FTTH) NETWORK INFRASTRUCTURE FOR INTEGRATED BROADBAND SERVICES
- iPATH - POWERFUL
NEW BROADBAND DISTRIBUTION SYSTEM FORMDU
- SDTVPLUS - BROADBAND
INTERNET AND VIDEO ACCESS FORTHEMDU
Prodys ISDN audio
codec
ISDN audio codec
- ISDN univrsal
terminal adapter and X.21 interface
- Analog or
digital audio (AES/EBU), provides input for ext clock
- Dual
operation(two fully independent communications)
- Independent
operating encoding and decoding modes
- Auxiliary
data in MPEG Layer II/III modes.
- Automatic
detection of the encoding mode used by the remote unit.
- Compatibility
in all modes (G722 and MPEG Layer II/III) with CCS and TELOS.
- Electrical
Echo cancellar and Multiplex in G711.
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
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.40.49 |
|
|
1 |
Rs.81.77 |
|
Euro |
1 |
Rs.55.18 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
4 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
41 |
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 |
|