MIRA
INFORM REPORT
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Report Date : |
03.05.2007 |
IDENTIFICATION DETAILS
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Name : |
SEMI - CONDUCTOR LABORATORY |
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Registered Office : |
Sector 72, S A S Nagar, Near Chandigarh-160071, |
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Country : |
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TAN No.: [Tax
Deduction & Collection Account No.] |
PTLS16381B |
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PAN No.: [Permanent
Account No.] |
AAGTS0959N |
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Legal Form : |
Part of Department of Space |
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Line of Business : |
Research Laboratory. |
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 : |
Slow |
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Litigation : |
Clear |
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Comments : |
Subject is a part of Department of Space, Government of India. Lenders
and Creditors can feel confident about its exposure. Payments are reported as
slow but correct. It can be considered good for business dealings at usual trade terms
and conditions. |
LOCATIONS
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Registered Office : |
Sector 72, S A S Nagar, Near Chandigarh-160071, |
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Tel. No.: |
91-172-2236040/ 5027558 |
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Mobile No.: |
91-9872669118 |
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Fax No.: |
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Website : |
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Branch : |
Second Floor, Core 4, Scope Minar, Luxminagar, Delhi-110092, |
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Tel. No.: |
91-11-22432127 |
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Fax No.: |
91-11-22422732 |
DIRECTORS
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Name : |
Mrs. Veena S Rao |
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Designation : |
Director |
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Date of Ceasing : |
28.12.2005 |
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Name : |
Dr. R G Nadadur |
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Designation : |
Director |
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Name : |
Mr. K Nagachenchaiah |
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Designation : |
Director |
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Name : |
Mr. M M Sobti (Technical) |
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Designation : |
Director |
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E-Mail : |
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Name : |
Mr. S K Rakesh (Marketing) |
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Designation : |
General Manager |
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E-Mail : |
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Name : |
Mr. S B Sarna |
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Designation : |
General Manager (Systems) |
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E-Mail : |
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Name : |
Mr. Manmohan Singh |
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Designation : |
DGM (ITS) |
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E-Mail : |
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Name : |
Mr. S K Ambardar |
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Designation : |
Head (Facilities) |
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E-Mail : |
KEY EXECUTIVES
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Name : |
Mr. Praveen Bangotra |
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Designation : |
Scientist / Engineer, SE - ITSD |
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Name : |
Mr. Vivek Trehan |
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Designation : |
Company Secretary |
BUSINESS DETAILS
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Line of Business : |
Research Laboratory. |
PRODUCTION STATUS
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Particulars |
Unit |
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Installed
Capacity |
Actual
Production |
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LSI/VLSI
Wafers 6” processing |
Quantity in
millions |
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2 |
0.106 |
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Chip on
Board (COB) / ECB |
Quantity in
millions |
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250 |
36.000 |
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Board Level
Assembly/Sub-systems |
Quantity in
millions |
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20 |
5.051 |
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VLSI
Packaging |
Quantity in
millions |
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100 |
42.231 |
GENERAL INFORMATION
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Bankers : |
v
Andhra Bank v
Canara Bank v
Indian Bank v
IDBI Bank Limited v
State Bank of v
Union Bank of v
The Jammu & Kashmir Bank Limited v
Punjab National Bank v
Syndicate Bank |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
A K Sood & Associates Chartered Accountants |
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Address : |
S C O 50-51, 2nd Floor, Sector 17-A, |
LOCAL AGENCY FURTHER INFORMATION
DOS, the Administrative Ministry is in the process of restructuring the
company and as part of this exercise, a Society “Semi-Conductor Laboratory” has
been formed by DOS under the Societies Registration Act, 1860. All the assets
and liabilities of Semiconductor Complex Limited will be transferred to
Semi-Conductor Laboratory for which necessary approval from the Competent
Authority has been obtained. The shareholders of the Company & Members of
the Society have also approved the same in their meeting(s) held on 18th
November 2005 and 8th December 2005 respectively. Pursuant to the approval of
the cabinet in its meeting held on 23rd February 2006 the Semiconductor Complex
Limited will be wound-up voluntarily as per the provisions of the Companies
Act, 1956.
Website Details :
SCL-LEADING
Subject has always been in sync with the future. It has
understood and appreciated the needs of
Subject was set-up in 1983, in the green, unpolluted
environs on the outskirts of
Subject's vertically integrated semiconductor operations offer design,
wafer fabrication, testing, packaging, quality assurance and reliability
testing, VLSI based system manufacturing and applications support all under one
roof. Within this framework, Subject places a lot of emphasis
on its semiconductor operations - consistently building on its specialization
in areas like Mixed Signal Devices, Micro power Technology, Digital Signal
Processing, etc. This fulfils the demand of its customers in focus areas
without ignoring its growing base of customers in consumer and industrial
electronics.
From single chip to total solutions, Subject is a one-stop
microelectronics organization. Subject offers its customers total solutions by
providing Standard/Application Specific Standard Products (ASSPs), designing
chips from concepts and creating products around ASICs. Add to this the
technical service support, the customers have remarkable flexibility to interact
with Subject at any stage.
VLSI-The Core of
ModERn Electronic Systems
A semiconductor "chip", or integrated circuit, is
a fingernail-size piece of silicon layered precisely with circuitry. These tiny
chips are the enablers of the Information Age, powering the electronic marvels
that have changed the world so dramatically. As the world becomes increasing
technology savvy, the demand for semiconductor IC's is growing.
Much of this demand growth can be attributed to three main
drivers for the advanced chips: communications, consumer applications and
computing. Practically, an integrated circuit is a collection of large number
of transistors (generally MOS transistor) fabricated on a single piece of
Silicon (called die). These transistors are arranged and interconnected in such
a way that they all together perform desired functionality. This art and
science of putting large number of transistors onto small silicon is called
(VLSI) Very Large Scale Integration. Selectively doping and metal layering pure
silicon wafers in special factories called "fabs" or fabrication
plants make IC's. Often referred to as the most sophisticated manufacturing
plants in the world, advanced fabs typically cost around a billion dollars to
build and equip. Today, there are approximately 900 fabs around the world
producing millions of chips every year.
SCL Fabrication Facility at SAS Nagar
But before fabrication, circuit design pattern on silicon
needs to be defined i.e. the areas on silicon which will be processed should be
clearly marked out and remaining areas be masked off. The whole process from
specifications of the required IC to finally generating the masking (or
unmasking) areas position data is known as VLSI Design. VLSI design is further
segmented into "Front end design" and "Back end design".
Since the number of transistors (or MOS devices) is too large to be handled
manually, a number of EDA (Electronic Design Automation) tools are used for
performing the various VLSI design tasks.
LOCATION
VEDANT is located within the Semi-Conductor Laboratory
(Govt. of India, Department of Space), Industrial area, Sector 72, S.A.S.
Nagar, Mohali adjoining Chandigarh (U.T.), which is the joint capital of States
of Punjab and Haryana. It is well connected by rail, road and air. Details of
connected train and bus services are as follows:
DETAILS OF DIRECT TRAIN SEVICES
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Sr. No. |
Name |
Train No. |
Departure Time |
ARRIVAL Time |
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1. |
Dehradun Express |
2687 |
09:10 (from Chennai) |
04:20 (at |
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2. |
Sampark Kranti |
2649 |
22:20 (from |
09:20 (at |
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3. |
Jan Shatabdi Express |
2057 |
15:50 (from |
19:55 (at |
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4. |
Paschim Express |
2925 |
11:35 (from Mumbai) |
15:45 (at |
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5. |
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2917 |
17:20 (from Ahmedabad) |
10:35 (at |
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6. |
A.P. Express |
2723 |
06:25 (from |
09:00 (at |
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7. |
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2231 |
22:30 (from |
09:55 (at |
P.S. :- please consult Indian Railways for changes in
Train Schedule.
ROAD TRAVEL
To travel by bus from
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 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.40.90 |
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1 |
Rs.81.29 |
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Euro |
1 |
Rs.55.47 |
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 |
YES |
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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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