MIRA
INFORM REPORT
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Report Date : |
21.09.2007 |
IDENTIFICATION DETAILS
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Name : |
ATRIE TECHNOLOGY PRIVATE LIMITED |
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Registered Office : |
#292/A, 34th Cross, 9th Main, 4th
Block, Jayanagar, |
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Country : |
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Date of Incorporation : |
28.05.2001 |
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Com. Reg. No.: |
111020 |
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CIN No.: [Company
Identification No.] |
U72100DL2001PTC111020 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
DELA08676D |
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Legal Form : |
Private Limited Liability Company. |
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Line of Business : |
Manufacturer of Modem, XDSL, ADSL Model, Router, Converter ( Interface
and Fiber Converters), RAS, FOM, Ethernet
Switch, Wireless Access, Atrie – DSLAM |
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 32300 |
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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 concern 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 / Ware House Office : |
B – 121, Ground Floor, Kalka Ji, |
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Tel. No.: |
91-11-26234079 / 4097 / 4250 |
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Fax No.: |
91-11-26234079 / 4097 / 4250 |
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Corporate Office : |
#292/A, 34th Cross, 9th Main, 4th Block,
Jayanagar, |
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Tel. No.: |
91-80-41101891 / 92/93/94/95 |
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Fax No.: |
91-80-22449899 |
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E-Mail : |
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Websites: |
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Area : |
3000 sq.fts |
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Location : |
Rented |
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Branch Office : |
Regional Office
– West No. 312/C, Gokul Arcade, Tel No: 91-22-28269040 / 9041 Fax No: 91-22-28269039 10th Floor, 14, Lane 609, Sector 56, Tel No.: 91-886-2-2999- 5155 Fax No: 91-886-2-2999-4960 1/F, Research Building 4, No. 40, Xue Yuan Road, Hai Dian District,
Beijing, R.R.C, ZIP: 100 083 Tel No.: 91-86-10-62304951 / 4 Fax No.: 91-86-10-62304955 Email: contacts@atrieindia.com
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DIRECTORS
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Name : |
Mr. Ravichandran |
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Designation : |
Director |
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Date of Birth/Age : |
40 Years |
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Qualification : |
Post Graduate |
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Experience : |
20 Years |
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Name : |
Ms. Uma Priya |
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Designation : |
Director |
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Date of Birth/Age : |
32 Years |
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Qualification : |
Post Graduate |
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Experience : |
10 Years |
BUSINESS DETAILS
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Line of Business : |
Manufacturer of Modem, XDSL, ADSL Model, Router, Converter ( Interface
and Fiber Converters), RAS, FOM, Ethernet
Switch, Wireless Access, Atrie – DSLAM |
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Products : |
·
Modem ·
xDSL ·
ADSL Model ·
Router ·
Converter ·
Interface Converter ·
Fiber Converter ·
Remote Access Server–html Specifications ·
Fiber Optical Multiplexer–html Specifications ·
Ethernet Switch ·
Giga Ethernet Switch ·
Wireless Access ·
Atrie -DSLAM |
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Imports : |
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Products : |
Equipments |
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Countries : |
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GENERAL INFORMATION
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Customers : |
Service Providers HFCL (40000 plus locations), BSNL (100 plus location), BSNL – Cell One
GSM Network: (1000 Plus locations), VSNL (400 plus Locations), HP - Nokia
(1500 plus convertors), BSES Telecom (500 Plus locations), MTNL (575 Plus
locations), BG Broadband (100 plus locations), Airtel – Bharti Tele Services
(20 plus locations), Airtel – Bharti teleservices Mangalore , Hubli , Udupi
and Bangalore circles (250 plus locations), AT&T (Managed Leased lines),
ITI, BSNL Dot soft, Net 4 India, Asianet, Tata Teleservices, Cell force,
Aircell, Dish net, Bharti (Airtel), Tata Internet Satyam, Data Infosys, Blaze
net online, Ericsson, Data Access... Nationalized Banks Canara Bank (3400 plus locations), Syndicate Bank (1400 plus
locations),Bank of India (1000 Plus locations),Union Bank of India (800 plus
locations), Oriental Bank of Commerce (700 plus Locations), Vijaya Bank (700
locations), Bank of Maharastra (600 plus locations), Bank of Baroda (400 plus
locations), Corporation Bank (300 locations), Indian Bank (200 plus locations),
Laxmi Vilas bank (150 plus locations), Indian Overseas Bank (150 plus
locations), Dena Bank (100 locations), Karur Vysya Bank (60 plus locations),
Catholic Syrian Bank (60 plus locations),ING Vysya Bank (50 Locations), State
Bank of Hyderabad (45 plus locations), HSBC Bank (20 locations), State Bank
Of India, SMBC Bank.... Govt of India/PSU Indian Air Force (1000 locations), Indian Railways – CRIS (3400 plus
locations), Indian Railways – FOIS (824 locations), Indian Railways – CORE
(146 locations), Indian Oil Corporation (400 plus locations), Jharkand State
Wide Area Network (500 Plus locations), West Bengal State Wide Area Network
(200 Plus locations), HPCL (350 plus locations), Software Tech Parks of India
(100 plus locations), Indian Airlines, Indian Navy, Kerala Police (20
pairs+), NSC, MPSEB.... Large Enterprises GATI (Above 200 Locations), Colgate Palmolive (Above 70 locations),
MICO, NCR, C-Net, Iridium, Gujarat Ambhuja, Vertex, Apollo Tyres, TRS Systems,
Deccan Herald, TVS Group, HP, Ericsson, GE Countrywide, MRF... |
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No. of Employees : |
50 |
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Bankers : |
·
Citi Bank ·
Bangalore Bank |
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Banking
Relations : |
Satisfactory. |
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Auditors : |
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Name : |
Ashok K Arora and Associates Chartered Accountants |
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Associates/Subsidiaries : |
Nil |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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2500000 |
Equity shares |
Rs.10/- each |
Rs.25.000 millions |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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20000 |
Equity shares |
Rs.10/- each |
Rs.0.200
million |
FINANCIAL DATA
[all figures are
in Rupees Millions]
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Particulars |
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31.03.2007 |
31.03.2006 |
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Sales Turnover |
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1570.000 |
760.000 |
LOCAL AGENCY FURTHER INFORMATION
WEBSITES DETAILS:
In the last two decades, internet technology has advanced significantly and has expanded its users' capabilities and brought the global community closer together through the internet. Communications see now no boundaries than before.
They at Atrie Technology, make the internet and data communications available
to customers with high quality, and state–of-the-art products however affordable
and reliable. They are focused to Design, Manufacture of Datacom and telecom
products viz, Leased Line modems, Ethernet switches,
Atrie Technology specializes in both analog and digital technology. They have
had successful sales of their Rack Mount and Industrial Series, as well as LCD
and External Modems. Their WireSpan series implements DSL technology to provide
for faster connections. With their experience and expertise, they have an
impressive list of clients in public and private sectors, both domestically and
internationally.
Customer satisfaction
They at Atrie Technology, consider and aspire their customers’ satisfaction is their atmost priority, while understanding that most customers requirements are for different applications. Therefore, they strive to meet their clients’ needs by tailoring their services and products for their requirements accordingly.
Atrie’s Research and Development (R&D) is based in
Field Application Engineering (FAE) teams work closely to take care of the customer’s technical requests and issues in the most effective and efficient possible way. Their FAE are located globally and offer services and on site support to customers as engaged upon.
Quality control Department: They also make every effort to maintain quality
assurance. For almost a decade, they have a specialized team for QC and FQC
that their products not only meet but exceed industry and client standards.
They have been recommended by SGS Yarsley ICSs to be registered as a company
conforming to the ISO 9001 requirement.
Growth
In 1995, Atrie Technology Inc. decided to build on
opportunities in the
In 2000, Atrie Technology success has grown to open a Subsidary office in
Atrie Technology's remarkable progress in the data communications field is
founded on years of experience and ingenuity. They combine creativity with
practicality and technical precision to develop their products. Their
outstanding technical engineers work hard to bring their clients the best in
high quality, high performance products that meet the demands of an
increasingly global market. With their drive for excellence, Atrie Technology
is sure to maintain a strong and successful presence in this ever-changing and
ever-expanding industry of communications technology.
OTHER INFORMATION:
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Partners of Atrie
Technology:
· CMC Limited
· CMS
· HCL COMNET
· ASCOM
· Crompton Greaves
· DATACRAFT
· DIEBOLD
· Aksh Optifibre Limited
· HP Compaq
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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.39.91 |
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1 |
Rs.79.88 |
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Euro |
1 |
Rs.55.88 |
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 |
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. |
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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