MIRA
INFORM REPORT
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Report Date : |
06.11.2008 |
IDENTIFICATION
DETAILS
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Name : |
TELSTRA TECHNOLOGIES PRIVATE LIMITED |
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Registered Office : |
11, 12, 13 – A, Shanta Sadan Building, Pandurang Wadi, Road No.4, Goregaon (East), Mumbai –
400063, Maharashtra |
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Country : |
India |
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Date of Incorporation : |
13.01.2006 |
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Com. Reg. No.: |
158882 |
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CIN No.: [Company
Identification No.] |
U64202MH2006PTC158882 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
MUMT14471C |
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PAN No.: [Permanent
Account No.] |
AACCT4363N |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Traders of EPABX Systems |
RATING &
COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
New Company |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Ms. Sheetal, Accountant Executive parted partial details but denied
financials. Subject is a relatively new company and claims to home sales of Rs.70
Millions. Trade relations are fair. No payment are available. The company can be considered for small to mediocre business dealings
at usual trade terms and conditions, initially. |
LOCATIONS
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Registered Office : |
11, 12, 13 – A, Shanta Sadan Building, Pandurang Wadi, Road No.4, Goregaon (East), Mumbai –
400063, Maharashtra, India |
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Tel. No.: |
91-22-28737474 |
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Mobile No.: |
91-932234412 |
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Fax No.: |
91-22-28737474 |
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E-Mail : |
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Website : |
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Location : |
Rented |
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Corporate Office : |
5, Rabia Manzil, 1st Floor, Dawood Baug, Off J P Road,
Andheri (West), Mumbai – 400058, Maharashtra, India |
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Tel. No.: |
91-22-26771166 |
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Fax No.: |
91-22-26777167 |
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Mobile No.: |
91-932234412 |
DIRECTORS
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Name : |
Mr. Subhash B. Bajaj |
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Designation : |
Director |
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Address : |
8/102, Siddhachal Phase – II, Pokhran Road No. 2, Thane West, Thane –
400601, Maharashtra, India |
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Name : |
Mr. Ashok P. Nair |
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Designation : |
Director |
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Address : |
D-206, Sai Complex, Kandarpada, Dahisar (West), Mumbai – 400068,
Maharashtra, India |
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Name : |
Mr. Padam V. Sachdev |
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Designation : |
Director |
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Address : |
B-206, Himgiri CHS, Lokhandwala, Andheri (West), Mumbai, Maharashtra,
India |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
(As on 13.12.2005)
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Names of Shareholders |
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No. of Shares |
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Padam V. Sachdev |
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3333 |
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Ashok P. Nair |
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3333 |
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Subhash B. Bajaj |
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3334 |
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Total |
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10000 |
BUSINESS DETAILS
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Line of Business : |
Traders of EPABX Systems |
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Imports : |
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Countries : |
USA |
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Terms : |
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Selling : |
Cash and Credit (15 days) |
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Purchasing : |
Cash and Credit |
GENERAL
INFORMATION
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Customers : |
Dealers |
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No. of Employees : |
42 |
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Bankers : |
Goregaon (East), Mumbai, Maharashtra, India
Goregaon Market, Mumbai, Maharashtra, India |
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Banking
Relations : |
Unknown |
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Auditors : |
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Name : |
Arvind Mahajan and Associates Chartered Accountant |
CAPITAL STRUCTURE
Authorised 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 |
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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 |
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FINANCIAL DATA
[all figures are in Rupees Millions]
No financials are available
since incorporation of the company.
LOCAL AGENCY
FURTHER INFORMATION
Note:
The registered office of the company has been shifted from 5, Rabia Manzil, 1st Floor,
Dawood Baug, Off J P Road, Andheri (West), Mumbai – 400058, Maharashtra, India,
to the present address.
Website Details:
Projects:
Subject Telecommunications has been dedicated to exceeding
customer expectations and providing product and service solutions, in line with
changing market needs.
Company is a dynamically opinionated and technologically
sophisticated company lead by three professionals from the Telecommunication
and Security solutions industry. They provide their customers with a broad
spectrum of expertise and experience from these industries.
Company focuses on key segments, selling and servicing
products, which have strong brands, represent high quality and function with
simplicity and value. This has resulted in company becoming a preferred
solutions affiliate and a leader in its chosen field.
“Zee News was on a path of consistent growth in its segment
and was looking at solutions that were key for its expansion. Telstra provided
with solutions backed with efficient support that has been catering to their
telecommunication needs for the past three years”. Roy Joseph – Technical
Director, Zee News
“Company delivered key solutions to address their security
concerns for their model location depots, which conformed to safety standards
followed by BPCL.” Mr. D.K. Banerjee –
Manager - Operations, BPCL
"The Piramal Group has always believed in associating
themselves with trade partners having an upward business and service growth
trend. Piramal Holdings Limited, is happy to be associated with Telstra
Technologies." Mr. Zaid Bape –
Purchase Manager, Piramal Holdings Limited
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 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.48.62 |
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UK Pound |
1 |
Rs.76.71 |
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Euro |
1 |
Rs.61.30 |
SCORE & RATING
EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
3 |
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PAID-UP CAPITAL |
1~10 |
3 |
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OPERATING SCALE |
1~10 |
3 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
3 |
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--PROFITABILIRY |
1~10 |
3 |
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--LIQUIDITY |
1~10 |
3 |
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--LEVERAGE |
1~10 |
3 |
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--RESERVES |
1~10 |
3 |
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--CREDIT LINES |
1~10 |
3 |
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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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27 |
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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