MIRA
INFORM REPORT
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Report Date : |
07.05.2007 |
IDENTIFICATION DETAILS
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Name : |
ASTER TELE SERVICES PRIVATE LIMITED |
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Registered Office : |
E – 67, |
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Country : |
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Financials (as on) : |
31.03.2006 |
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Date of Incorporation : |
22.05.1998 |
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Com. Reg. No.: |
029457 |
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CIN No.: [Company
Identification No.] |
U32204P1998PTC029457 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
HYDA01527B |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
To provide complete range of services from network planning and dosing
through operation maintenance for
telecom networks |
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 265000 |
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Status : |
Good |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is a well established and reputed company having fine trade.
Trade relations are fair. Payments are usually correct and as per
commitments. The company can be considered good for any normal business dealings at
usual trade terms. If more details are made available we shall supplement the same. |
LOCATIONS
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Registered Office : |
E – 67, |
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Tel. No.: |
91-40-27111199 |
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Fax No.: |
91-40-27110535 |
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Website : |
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Ahmedabad : |
4, Natwar Shyam Society, Ramdev Nagar Khancha, Satellite, Ahmedabad – 380015 |
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Tel. No.: |
91-79-32951254 |
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27, 6th |
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Tel. No.: |
91-80-30999589 |
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Fax No.: |
91-80-23568404 |
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628-629, sector – 31, Gurgaon – 122001 |
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Tel. No.: |
91-124-3966587 |
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Fax No.: |
91-124-5033293 |
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Pune : |
No. 24/1, Sopan Nagar, Vadagaon Sehri, Pune – 411014 |
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Tel. No.: |
91-20-30944593 |
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Fax No.: |
91-20-27034495 |
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Aster Infrastructure Service Private Limited, 193, Near Naderia High
School, Karte Parwan, Kabul, Afghanistan |
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Tel. No.: |
91-9370010741 |
DIRECTORS
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Name : |
Mr. JP Singh |
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Designation : |
Director |
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Experience : |
42 Years |
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Name : |
Mr. Rao KPC |
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Designation : |
Director |
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Qualification : |
Post Graduate in Communication Engineering |
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Experience : |
25 Years |
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Date of Appointment : |
August 2001 |
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Name : |
Mr. SS Sastry |
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Designation : |
Director (Financial) |
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Experience : |
15 Years |
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Date of Appointment : |
1998 |
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Name : |
Mr. Sushil Arora |
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Designation : |
Director (Division Head) |
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Experience : |
34 Years |
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Date of Appointment : |
November 1998 |
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Name : |
Mr. Velayudhan KV |
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Designation : |
Director (Administered Head) |
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Qualification : |
Post Graduate in Materials and personnel managements |
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Experience : |
30 Years |
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Date of Appointment : |
August 2002 |
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Name : |
Mr.Uppala Rao Kantha |
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Designation : |
Director |
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Name : |
Mr.Uppala Rajani |
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Designation : |
Director |
KEY EXECUTIVES
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Name : |
Mr. Srinivas Prasad |
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Designation : |
Chief Executive |
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Qualification : |
Engineering Graduate |
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Experience : |
21 Years |
BUSINESS DETAILS
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Line of Business : |
To provide complete range of services from network planning and dosing
through operation maintenance for
telecom networks |
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GENERAL INFORMATION
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Bankers : |
UTI Bank, Secunderabad State Bank of |
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Banking
Relations : |
Good |
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Auditors: |
Akasam Associates Chartered Accounts |
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CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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12000000 |
Equity Shares |
Rs. 10/-each |
120.000 million |
FINANCIAL DATA
[all figures are
in Rupees Millions]
The companys last available summarized financial is enclosed herewith
We are trying to reach Mr. Raghava Rao, Financial controller
(91-40-27144442/3/27141057) and if he updated the required details, we shall
supplements the report
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
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31.03.2002 |
31.03.2001 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
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28.501 |
13.701 |
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2] Share Application Money |
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0.000 |
0.000 |
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3] Reserves & Surplus |
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37.856 |
25.394 |
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4] (Accumulated Losses) |
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0.000 |
0.000 |
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NETWORTH |
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66.360 |
39.095 |
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LOAN FUNDS |
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1] Secured Loans |
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31.109 |
7.818 |
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2] Unsecured Loans |
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0.000 |
0.425 |
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TOTAL BORROWING |
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31.109 |
8.242 |
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DEFERRED TAX LIABILITIES |
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0.000 |
0.000 |
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TOTAL |
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97.469 |
47.337 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
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23.751 |
17.975 |
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Capital work-in-progress |
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0.000 |
0.000 |
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INVESTMENT |
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12.025 |
2.292 |
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DEFERREX TAX ASSETS |
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0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
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0.000 |
0.000 |
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Sundry Debtors |
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0.000 |
0.000 |
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Cash & Bank Balances |
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0.000 |
0.000 |
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Other Current Assets |
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0.000 |
0.000 |
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Loans & Advances |
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0.000 |
0.000 |
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Total
Current Assets |
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128.531 |
65.176 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Current Liabilities |
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0.000 |
0.000 |
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Provisions |
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0.000 |
0.000 |
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Total
Current Liabilities |
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66.841 |
38.111 |
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Net Current Assets |
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61.69 |
27.065 |
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MISCELLANEOUS EXPENSES |
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0.023 |
0.046 |
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TOTAL |
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97.469 |
47.337 |
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PROFIT & LOSS
ACCOUNT
Expected Sales 2001: Rs.40.000millions
2002: Rs 100.000millions
KEY RATIOS
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PARTICULARS |
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31.03.2002 |
31.03.2001 |
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Debt Equity Ratio (Total Liability/Networth) |
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1.00 |
0.97 |
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Current Ratio (Current Asset/Current Liability) |
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1.92 |
1.71 |
LOCAL AGENCY FURTHER INFORMATION
History:
Subject was established in 1998, with an objective to provide complete
range of services from Network Planning and Design through Operation &
Maintenance for telecom networks. It offers complete range of services for
telecom networks viz. design, build and maintain on turnkey basis or in
specific defined mode. Since inception, we have been achieving continuous and
substantial growth. The resources of the Company, both human and financial,
have grown in sync with the expansion of business.
Vision
To Achieve Performance Excellence
And Create Standards
Business:
- Provide
dependable services
- Response to
changing needs
- Value
addition & quality
- Customer comfort
& long term relationship
Foraying Into New Frontiers
Now, it is a diversified engineering services company, offering a wide range of
customized solutions for varied vertical and horizontal industries. This
doesn't mean we've changed our core mission (Telecommunications). The farther
we traveled the blurry objects beyond the horizon came into sharper focus (to
be replaced, of course, by more blurry objects). So far, it stamped its
authority in the fields of: -
RF Engineering Services
Infrastructure Provisions
Project Management
Engineering Construction and Projects
Engineering Services
Operations and maintenance
Pre
Engineered Special Structures
Broadcast Towers, Windmill Towers and
Monopoles
P.E.B. and S.F.S.
Product Development
Software Development
Railway
Signalling
Engineering, Energy & Projects
Optical Fiber Cable Networks
Civil Constructions
Power
Generation
Natural
Products
Durafast
International Business Operations
It has its presence
throughout
To provide end-to-end services
to our customers we have cumulative strategic technology and marketing
alliances . Our expertise brings to customers a range of competent solutions
and products that enhance performance and competitiveness. Our unique
networking helps us to offer global competitiveness to our customers and
continue mission critical operations. We follow uniquely sculpted business
models that help in keeping our ‘feet firmly on the ground' and still achieve
‘sky-high' results, even in the most challenging of times
Received the following orders :
ENGINEERING SERVICES
- Installation
of BTS in Kerala
- Installation
& Commissioning of Motorola BTS in
- Electrical Project
(TSP) Total Electrical work for Reliance BTS Sites in MP, Chatisgarh &
Jharkhand
TRANSMISSION & DISTRIBUTION SERVICES
- Received LOI
for supply of Sub-Station Structures to MPPTCL
OPTICAL FIBER CABLE WORKS
Construction of OFC Network for the following routes:-
- Guwahati –
Shillong (105 Kms)
- Nandikotkur –
Vinukonda (175 Kms)
SOFTWARE DEVELOPMENT
- Portal
Business, thru Cherlapally Industrial Association
- ODC Services,
thru XACT IDC INC
- Offshore
Outsourcing, thru NextStep
It is in
trade term with -
w
Alcatel
w
BEL
w
ECI Telecom
w
Ericsson
w
Lucent
w
NEC
w
NERA
w
Nokia
w
Nortel
w
Samsung
w
Siemens
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YTStarcom
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Engineering Construction & Projects
Layout design
& construction of Equipment Room & DG Room, installation of Air
Conditioners, Fire Safety systems, Access Control and Electrical systems etc.
for
Aircel 923
Sites Alcatel 20
Sites Bharti 2107
Sites Ericsson 467
Sites Hutch 1786
Sites Idea 469
Sites ITI 12
Sites Nokia 104
Sites Nortel 1937
Sites Reliance 461
Sites Siemens 307
Sites Tata 321
Sites TTIPL (Essar) 158
Sites Spice 145
Sites |
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
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Indian Rupees |
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US Dollar |
1 |
Rs.40.91 |
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1 |
Rs.81.46 |
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Euro |
1 |
Rs.55.42 |
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 |
YES |
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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 |
YES |
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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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