MIRA
INFORM REPORT
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Report Date : |
29.07.2008 |
IDENTIFICATION
DETAILS
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Name : |
COMSCRAFT TECHNOLOGY PRIVATE LIMITED |
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Registered Office : |
K-5B, 2nd Floor, Kalkaji, Delhi – 110 019, Delhi |
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Country : |
India |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
18.06.2001 |
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Com. Reg. No.: |
55-111305 |
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CIN No.: [Company
Identification No.] |
U52334DL2001PTC111305 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
DELC06315B |
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PAN No.: [Permanent
Account No.] |
AABCC9753E |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Providing Network Services |
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 2000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is a well established company having steady business. Trade
relations are fair. Payments are usually correct and as per commitments. The company can be considered normal for business dealings at usual
trade terms and conditions. |
INFORMATION PARTED
BY
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Name : |
Mr. Prashant Sirohi |
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Designation : |
Director |
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Date : |
25.07.2008 |
LOCATIONS
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Registered Office : |
K-5B, 2nd Floor, Kalkaji, Delhi – 110 019, Delhi, India |
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Tel. No.: |
91-11-51629950 |
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Mobile No.: |
91-9811017140 / 9811392479 |
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E-Mail : |
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Website : |
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Corporate Office : |
E-19, 1st Floor, Sector – 6, Noida – 201 303 |
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Tel. No.: |
91-120-4236140 |
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E-Mail : |
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Area : |
1300 Sq. ft. |
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Location : |
Rented |
DIRECTORS
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Name : |
Mr. Prashant Sirohi |
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Designation : |
Whole Time Director |
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Address : |
C-48, Sector 41, Noida, Ghaziabad, uttar Pradesh, India |
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Date of Birth/Age : |
22.03.1973 |
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Date of Appointment : |
21.06.2001 |
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Name : |
Mr. Rakesh Kandwal |
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Designation : |
Whole Time Director |
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Address : |
H-137, Sector 41, Noida, Ghaziabad, Uttar Pradesh, India |
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Date of Birth/Age : |
22.09.1972 |
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Date of Appointment : |
02.06.2003 |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
(As on 30.09.2005)
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Names of Shareholders |
No. of Shares |
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Prashant Sirohi |
5000 |
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Rakesh Kandwal |
5000 |
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Total |
10000 |
Equity share breakup (percentage of total equity)
(As on 30.09.2007)
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Category |
Percentage |
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Directors or relatives of directors |
100.00 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Providing Network Services |
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Products : |
·
Structured Cabling System ·
Active Networking Products |
GENERAL
INFORMATION
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Customers : |
·
Jawaharlal Nehru
UniversityIndian ·
Institute of Technology (IIT)
– Delhi ·
Shere-Kashmir University ·
Delhi University ·
Mayo college- Ajmer ·
Aligarh Muslim
University ·
Punjab Agriculture
University ·
The Institute Of charted
Accounts of India ·
HCL Technologies Noida ·
Bahari Consultancy ·
Sahara India TV Network ·
Laxmi Narayan Mittal Institute of Imformation Technology (LNMIIT),
Jaipur ·
Northern Command, Uddhampur, Lukhnow and Chandimandir ·
MTNL Data Centre, Delhi ·
Gas Authority of India, Delhi ·
State Bank of India, Delhi, Chandigarh and Punjab Branches ·
Delhi Housing Finance Corporation Limited Delhi. ·
IDBI Bank, Chandigarh. ·
DLF Center, Delhi. ·
NIIT Limited, Delhi ·
Lotus Development Corporation, Delhi. ·
Good Relations (I) Private Limited., Delhi. ·
Oil And Natural Gas Corporation, Delhi & Dehradun. ·
Modi Suger Mills, Modinagar. ·
Bridgestone Tyres, Indore. ·
Sardana Telecommunication Limited., Delhi |
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No. of Employees : |
25 |
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Bankers : |
Corporation Bank B-1, Sector – 26, Noida – 201 301, Uttar Pradesh, India |
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Facilities : |
Over Draft – Rs.2.000 millions |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
B K Batra Chartered Accountants |
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Address : |
E-146, Kalkaji, New Delhi – 110 019, Delhi, India |
CAPITAL STRUCTURE
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
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10000 |
Equity Shares |
Rs.10/- each |
Rs.0.100 million |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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10000 |
Equity Shares |
Rs.10/- each |
Rs.0.100 million |
FINANCIAL DATA
[all figures are in Rupees Millions]
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
31.03.2007 |
31.03.2006 |
31.03.2005 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
0.100 |
0.100 |
0.100 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
0.321 |
0.260 |
0.195 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
0.421 |
0.360 |
0.295 |
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LOAN FUNDS |
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1] Secured Loans |
1.074 |
0.154 |
0.217 |
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2] Unsecured Loans |
0.109 |
0.035 |
0.233 |
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TOTAL BORROWING |
1.183 |
0.189 |
0.450 |
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DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
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TOTAL |
1.604 |
0.549 |
0.745 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
0.436 |
0.269 |
0.285 |
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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INVESTMENT |
0.000 |
0.000 |
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 |
0.105
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0.010 |
0.012 |
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Sundry Debtors |
0.723
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0.290 |
0.523 |
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Cash & Bank Balances |
0.407
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0.276 |
0.801 |
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Other Current Assets |
0.177
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0.116 |
0.096 |
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Loans & Advances |
0.270
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0.029 |
0.026 |
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Total
Current Assets |
1.682
|
0.721 |
1.458 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Current Liabilities |
0.351
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0.342 |
0.903 |
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Provisions |
0.163
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0.103 |
0.103 |
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Total
Current Liabilities |
0.514
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0.445 |
1.006 |
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Net Current Assets |
1.168
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0.276 |
0.452 |
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MISCELLANEOUS EXPENSES |
0.000 |
0.004 |
0.008 |
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TOTAL |
1.604 |
0.549 |
0.745 |
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KEY RATIOS
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PARTICULARS |
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31.03.2007 |
31.03.2006 |
31.03.2005 |
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Debt Equity Ratio (Total Liability/Networth) |
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4.03
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1.76 |
4.94 |
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Current Ratio (Current Asset/Current Liability) |
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3.27
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1.62 |
1.45 |
LOCAL AGENCY FURTHER
INFORMATION
Trade References :
·
TCS
·
Wipro Infotec
Form No. 8
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Corporate
identity number of the company |
U52334DL2001PTC111305 |
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Name of the
company |
COMSCRAFT TECHNOLOGY PRIVATE LIMITED |
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Address of the registered
office or of the principal place of
business in India of the company |
K-5B, 2nd Floor, Kalkaji, Delhi – 110 019, Delhi, India |
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This form is for |
Creation of
charge |
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Type of charge |
·
Book debts ·
Movable
property (not being pledge) |
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Particular of
charge holder |
Corporation Bank B-1, Sector – 26, Noida – 201 301, Uttar Pradesh, India |
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Nature of
instrument creating charge |
Common deed of
hypothecation of Movable / Assets / Debts. |
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Date of
instrument Creating the charge |
01.02.2008 |
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Amount secured by
the charge |
Rs.2.000 millions |
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Brief of the
principal terms an conditions and extent and operation of the charge |
·
Rate of
Interest Interest shall be charge @ 13.25% p.a. at present, rising and falling therewith
compounded monthly rests, or at such other rates as may be specified by the
bank from time to time. ·
Terms of
repayment As per sanction terms. ·
Margin As per sanction terms. ·
Extent and
operation of the charge The hypothecated assets is to secure Overdraft limit of Rs.2.000
millions sanction by the Corporation Bank to the company. |
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Particulars of
the property charged |
Hypothecation of
following securities :- ·
All current
assets present and future including receivables etc. ·
All movable
fixed assets including equipment, furniture, fixture and machineries etc. |
Web Details :
Subject is a focused networking company. Several
experts in computer communications field came together to provide the business
community with high quality solutions in the field of Networking and Data
Communication in the Indian market.
Subject has grown to become a significant
supplier of consultancy, project engineering, design, install and maintain
Networking Systems in various organizations.
Subject has extensive experience in the
design and installation of all commonly used CAT-6, fiber optics, telephone networks,
and system maintenance and support. Subject has developed a reputation for
providing quality installations while working closely with the customer to
understand and satisfy their unique requirements.
Subject has differentiated itself from the rest of the cabling industry by
offering more detailed designed quality documentation.
This way the IT staff has a visual interpretation of cabling infrastructure.
Subject also maintains complete documentation of end user inventory equipment
and can generate detailed work orders for moves adds and changes.
- Complete infrastructure consulting and
design services
- Installation and Maintenance of voice
and Datacom wiring structure
- CAT5, CAT5E, CAT6 & Fiber Optics,
telephone communication
- Complete and detailed documentation of
infrastructure.
- Compliance testing.
- Professional look.
They provide the clients with a cost effective and high quality service
not only during the initial supply and installation phase but also continuing to
supply and maintain their needs for many years to come.
Services
Network Cabling Installation Services
As experts in network cabling installation company team has installed
structured cabling network nationwide for almost any type of application. Voice,
video, data, security, paging and wireless are among the applications they have
enabled through the installations.
They provide a total solution for your premise cabling needs.
Among the services they provide are:
Initial needs assessment - With Registered Certified installer,
Comscraft can assist in assessing complete needs. The approach will look at not
only immediate applications but will also take into account future
applications, future growth of organization and possible technology changes which
would impact cabling needs. Considerations like type of equipment, load
balancing and redundancy will be factored into the cost/benefit analysis. The
comprehensive design capabilities are recognized by many as among the best in
the industry
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Site
Surveys – Subject Certified Engineers are available to conduct comprehensive
site surveys to accurately assess the layout and conditions impacting the
environment. Comscraft provides complete site surveys to verify physical
requirements and identify any unique characteristics of the project. Critical
data gathered in the site survey will be incorporated into the final site
management plan.
·
Complex
Network / System Design - Network will be designed by a Certified Designer
with many years of complex design experience with various types of cable
installations. The designs include state of the art components integrated in
conjunction with the latest design specifications and requirements. The
infrastructure design capabilities range across a broad spectrum of commercial
applications including large data centers, multi-building campus environments
as well as any traditional office environments.
·
Pre-job
Construction - The capabilities allow them to perform many installation activities,
which may be required before a job begins. This would include installing
telecommunications closets, hole drilling, installing cable support hardware,
conduits, cable trays, rack installation, mounting equipment, as well as other
functions.
·
Cabling
Installation - With skilled technicians under the supervision of certified
installers. They can install a wide variety of transmission media including
copper, fiber optic, twisted pair and broadband as well as associated
components. We also install a variety of wireless applications including wifi,
VoIP.
·
Testing - Subject tests
and certifies all of the installations to meet or exceed industry standards,
meet all of the manufacturer's specifications as well as meet all the warranty
requirements.
·
Moves/Adds/Changes - Subject can
support cabling infrastructure for the entire life cycle of the installation.
The experience ranges from changing a single drop to rewiring an entire floor.
Clients
1. Jawaharlal Nehru University
JNU has various departments, 1800 nodes have been implemented on CAT-6 components
copper & Single mode, Multimode back bone for the various buildings to
provide LAN & Internet facility.
2. Indian Institute of
Technology (IIT) – Delhi
IIT Delhi is one of the prestigious clients where they have implemented and
maintains the 6000 users that are running on fiber Giga backbone.
3. Shere-Kashmir
University
Shere-Kashmir
University has various campus & offices Spread out in Jammu & near by
areas in Jammu & Kashmir. The network has been set up by us on Allied
telesyn switches & Krone fiber & copper Structured cabling components.
4. Delhi University
Delhi
university (North & south campus) has been implemented with 35 Kms of fiber
to connect the various departments & 3500 copper nodes to provide Internet
facilities. The Internet & mailing solution is working through ERNET.
5. Mayo college- Ajmer
Mayo
college Ajmer, The campus wide Network has been set up 1st time in India for
high school level to provide Internet facilities in the hostels & various
buildings in the campus.
6. Aligarh Muslim University
AMU, Aligarh is totally running on single mode fiber backbone with Giga speed
network. It was taken out the clutches of the outdated cabling and is designed
for the maximal utilization for the next 10-year at least.
7. Punjab Agriculture
University
Total campus wide network with switch is being implemented with the fiber cable
backbones running at 100Mbps and the mailing solution is working through the
NIC VSAT links
8. The Institute Of charted Accounts of
India
The total IT interface (Network, communication, software's, hardware's,
telephone exchange, mailing systems, server, operating systems, systems
maintenance etc.) and the interactive voice response system and voice system
for various applications.
CMT REPORT (Corruption,
Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against whom
a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l Anti-Money
Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals have
been formally charged or convicted by a competent governmental authority for
any financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE
GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.42.30 |
|
UK Pound |
1 |
Rs.84.03 |
|
Euro |
1 |
Rs.66.42 |
SCORE & RATING
EXPLANATIONS
|
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 |
5 |
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--PROFITABILIRY |
1~10 |
5 |
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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 |
NO |
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--AFFILIATION |
YES/NO |
NO |
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--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
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TOTAL |
|
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
|
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. |
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 |
|