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Report Date : |
17.09.2008 |
IDENTIFICATION
DETAILS
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Name : |
R N INFRACOMMUNICATIONS PRIVATE LIMITED |
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Registered Office : |
B-103, Vishrantika, Plot No. -5A, Sector-3, Dwarka, New Delhi-110075 |
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Country : |
India |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
09.03.2005 |
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Com. Reg. No.: |
133745 |
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CIN No.: [Company
Identification No.] |
U74999DL2005PTC133745 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Turnkey Service Provider for Telecom Industry |
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 610000 |
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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 company having
satisfactory track. Trade relations are fair. Business is active. Payments
are reported as usually correct and as per commitments. The company can be considered good for normal business dealings at
usual trade terms and conditions. |
INFORMATION PARTED
BY
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Name : |
Mr. Rajeev Sharma |
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Designation : |
Deputy General Manager |
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Date : |
16.09.2008 |
LOCATIONS
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Registered Office : |
B-103, Vishrantika, Plot No. -5A, Sector-3, Dwarka, New Delhi-110075,
India |
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E-Mail : |
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Website : |
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Area : |
Owned |
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Corporate Office : |
SCO-21, Sector 15, Phae II, Gurgaon-122001, Haryana, India |
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Tel. No.: |
91-124-4109450 |
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Fax No.: |
91-124-4317499 |
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Area : |
Owned |
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Project Offices : |
Located At:-
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DIRECTORS
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Name : |
Mr. Krishna Nandan |
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Designation : |
Director |
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Qualification : |
MBA |
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Name : |
Mr. Vikas Jain |
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Designation : |
Managing Director |
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Address : |
K-11/3, G.F DLF Phase- II, Gurgaon, India |
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Qualification : |
Civil Engineer |
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Name : |
Mr. Jagannath Sarangapani |
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Designation : |
Director |
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Qualification : |
Mechanical Engineer |
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Name : |
Mr. Jai Narian Gupta |
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Designation : |
Director |
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Qualification : |
Electronic Engineer |
KEY EXECUTIVES
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Name : |
Mr. Rajeev Sharma |
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Designation : |
Deputy General Manager |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
As on 21.03.2006
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List of Alllottes |
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No. of Shares Alloted |
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Vikas Jain |
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190100 |
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Enares Infranet Private Limited |
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249900 |
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Total |
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440000 |
Equity Share Breakup (Percentage of Total Equity)
As on 29.09.2007
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Category |
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Percentage |
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Foreign holdings (Foreign institutional investor(s), Foreign
companie(s) Foreign financial institution(s), Non-resident Indian(s) or
Overseas corporate bodies or Others. |
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25.00 |
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Bodies Corporate (not mentioned above) |
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50.00 |
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Directors or relatives of directors |
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25.00 |
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Total |
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100.00 |
BUSINESS DETAILS
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Line of Business : |
Turnkey Service Provider for Telecom Industry |
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Terms : |
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Selling : |
Cheque |
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Purchasing : |
L/C |
GENERAL
INFORMATION
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No. of Employees : |
470 (Corporate office 70, Branches 400) |
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Bankers : |
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Facilities : |
CC Rs. 130.000 Millions (From State Bank) |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
Mr. Himanshu Kumar Chartered Accountant |
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Address : |
3, Raj Market, Model Town, Gurgaon-122001, Haryana, India |
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Name : |
VRSK and Associates Chartered Accountant |
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Address : |
2365, 2nd Floor, Satya Chambers, Rajguru Road, Paharganj, New
Delhi-110055, India |
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Associates/Subsidiaries : |
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CAPITAL STRUCTURE
As on 28.09.2007
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 |
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850000 |
Preference Shares |
Rs. 100/- each |
Rs. 85.000 Millions |
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Total |
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Rs. 110.000
Millions |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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2000000 |
Equity Shares |
Rs. 10/-
each |
Rs. 20.000
Millions |
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850000 |
Preference Shares |
Rs. 100/-
each |
Rs. 85.000
Millions |
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Total |
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Rs. 105.000 Millions |
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 |
102.360 |
12.360 |
0.000 |
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2] Share Application Money |
0.000 |
35.095 |
0.056 |
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3] Reserves & Surplus |
19.861 |
5.812 |
0.000 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
[0.004] |
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NETWORTH |
122.221 |
53.267 |
0.052 |
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LOAN FUNDS |
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1] Secured Loans |
44.920 |
2.092 |
0.000 |
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2] Unsecured Loans |
0.348 |
0.348 |
0.000 |
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TOTAL BORROWING |
45.268 |
2.440 |
0.000 |
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DEFERRED TAX LIABILITIES |
0.696 |
0.192 |
0.043 |
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TOTAL |
168.185 |
55.899 |
0.095 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
16.977 |
7.856 |
0.000 |
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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INVESTMENT |
18.982 |
4.200 |
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 |
44.912
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29.391 |
0.000 |
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Sundry Debtors |
100.430
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19.357 |
0.000 |
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Cash & Bank Balances |
4.446
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5.511 |
0.054 |
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Other Current Assets |
98.963
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8.214 |
0.000 |
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Loans & Advances |
0.000
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0.000 |
0.000 |
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Total
Current Assets |
248.751
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62.473 |
0.054 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Current Liabilities |
102.980
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15.513 |
0.000 |
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Provisions |
13.545
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3.342 |
0.000 |
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Total
Current Liabilities |
116.525
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18.855 |
0.000 |
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Net Current Assets |
132.226
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43.618 |
0.054 |
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MISCELLANEOUS EXPENSES |
0.000 |
0.225 |
0.041 |
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TOTAL |
168.185 |
55.899 |
0.095 |
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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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1.32
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0.39 |
0.00 |
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Current Ratio (Current Asset/Current Liability) |
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2.13
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3.31 |
0.00 |
LOCAL AGENCY
FURTHER INFORMATION
The registered office of the company has been shifted from 2365, 2nd
Floor, Satya Chambers, Rajguru Road, Paharganj, New Delhi-110055, India to
present address w.e.f 19.03.2008
Trade References:
Bankers Charges
Report as per Registry
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Name of the company |
R N INFRACOMMUNICATIONS PRIVATE LIMITED |
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Presented By |
Mr. Vikas Jain,
Managing Director |
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1) Date and description of instrument creating the change |
Deed of
Hypothecation of Movable Machinery dated 10th January 2006 |
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2) Amount secured by the charge/amount owing on the securities of charge |
Rs. 0.600
Millions |
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3) Short particular of the property charged. If the property acquired is subject to charge, date of the acquired of the property should be given |
Movable Machineries
namely Copier and Projector, Electrical Panels, Laptops, Tools Kts, Rope,
Crimping Tools, Thru Line Wattmeter, Elements, Water Dispenser details as per
list attached valuing Rs. 0.809 Millions |
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4) Gist of the terms and conditions and extent and operation of the charge. |
Terms and
Conditions as agreed in Deed of Hypothecation of Movable Assets and the
sanction Letter Rate of Interest
13.5% |
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5) Name and Address and description of the person entitled to the charge. |
The Manager, The Nainital
Bank Limited, Gurgaon (Sector 15) Branch |
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6) Date and brief description of instrument modifying the charge |
Not Applicable |
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7) Particulars of modifications specifying the terms and conditions or the extent of operations of the charge in which modification is made and the details of the modification. |
Not Applicable |
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This form is for |
Modification of
charge |
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Charge
identification number of the modified
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10012668 |
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Corporate
identity number of the company |
U74999DL2005PTC133745 |
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Name of the
company |
R N INFRACOMMUNICATIONS PRIVATE LIMITED |
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Address of the
registered office or of the principal place of business in India of the company |
2365, 2nd
Floor, Satya Chambers, Rajguru Road, Paharganj, New Delhi-110055, India |
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Type of charge |
Book Debts Movable Property Immovable
Property |
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Particular of
charge holder |
State Bank of
India, Overseas Branch, Jawahar Vyapar Bhawan, 1, Tolstoy Marg, New
Delhi-110001, India |
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Nature of
description of the instrument creating or modifying the charge |
i)
Supplemental
Agreement of Loan for increase in the Overall Limit ii)
Supplemental
Agreement of Hypothecation of Goods and Assets for increase in the Overall
Limit iii)
Letter
regarding the grant of individual limits within the Overall Limit |
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Date of
instrument Creating the charge |
13.02.2008 |
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Amount secured by
the charge |
Rs. 230.000
Millions |
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Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest Rate of Interest
@ 1.00% below SBAR (Presently 12.75%) min. 11.75% p.a. subject to change as
per Bank directives form time to time. Commission on Lc/ BG : As extant
instructions. Terms of
Repayment Payable on Demand Margin Raw Materials/
Stocks-in-process/ Finished Goods- 25%, Book-Debts/ Receivables (Cover period
90 days)-20% Letter of Credit
: 20%, Bank Guarantee : 20% Extent and
Operation of the charge Extent and
operation of the charge – 100% Others The above is of
secure the working capital facilities provided by the bank as under: Cash credit
(Hypothecation) Rs. 100.000 Millions, Letter of Credit Rs. 25.000 Millions,
Bank Guarantee – Rs. 75.000 Millions, Stand-by Line of Credit – Rs. 30.000
Millions, totaling of Rs. 230.000 Millions Full both way
interchangeability |
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Short particulars
of the property charged |
First Charge by way
of hypothecation of entire current assets i.e. goods, movables and other
assets, both present and future including documents of title to the goods and
other assets such as book debts, outstanding moneys, receivables, claims,
bills, invoices, documents, contracts, engagements, securities, investments
and right and unencumbered plant and machinery. |
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Date of latest
modification prior to the present modification |
19.03.2007 |
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Particulars of
the present modification |
The Extent and
operation of the charge stands enhanced due to increase in working capital
facilities from Rs. 200.000 Millions to Rs. 230.000 Millions. The modified
limits are/shall continue to be secured by first charge over entire current
assets including receivables as well as fixed assets of the company, both
present and future. Other terms and conditions as per sanctioned Letter No.
OBND/RM-I/2007-08/490 dated 12.02.2008 |
AS PER WEBSITE:
PROFILE
Registered under companies act, 1956 on March 2005, subject aims at providing
single window solution to all infrastructural requirements of telecom service
providers. RNI has emerged as a leading turnkey service provider in telecom
industry.
The RNI is a joint venture between Enares Infranet Private Limited, U
Foam India Private Limited, RAS Limited and Vikas Jain. The RNI subsidiaries
include Sheetal Structurals Private Limited. Octopus Power Solutions Private
Limited The RNI leverages the individual strengths of its promoting companies
leading to efficient turnkey solution for its customers. It believes in
building cooperative business environment to extract the benefits of value
chain.
RNI is committed to its clients with a customer-oriented strategy,
focusing on innovative and customized products and services. RNI business lines
include Tower Supply and Services, Shelter Supply and Installation, Intelligent
Power Supply Unit, Civil and Electrical works at sites, OFC Route construction,
BTS Installation and Commissioning, Project Management Services.
RNI has project offices in 7 circles co-located with the customer’s
offices for liaison, technical support and service. RNI focus on high quality,
excellent service, low operating cost and meeting customer requirements to
enhance their competitiveness and profitability. Thus RNI creates a long term
value and a potential growth for its customers.
The comprehensive turnkey solution leads to savings on capital
investments and ensures a faster project implementation. Thus RNI has emerged
as leading Turnkey Service Provider (TSP) for telecom service providers.
RNI holds a vast expertise through its long list of successful projects.
RNI is in process of executing GSM networks on behalf of M/s NOKIA for BSNL,
IDEA etc. and on behalf of M/s ERICSSON & M/s SIEMENS for IDEA new circles.
Brig. Krishna
Nandan (VSM)
Chairman
Brig. Krishna Nandan is a graduate from IIT, Kharagpur with
post-graduate from IIT Kanpur and MBA from Osmania University. He has served in
Army (Corps of Signals) for about 28 years, wherein he handled very prestigious
projects/assignments in the regular army, DRDO, Ministry of Defence, ONGC, Oil
India and so on. He was actively associated with Tata Telecom (Now Avaya Global
Connect, Birla AT&T (now Idea Cellular) and Reliance Infocomm. In 2000 he
joined Icomm Tele Limited, Hyderabad as its MD and was instrumental in making
the Company grow substantially to its present stature of Rs.400Cr. He founded
Enares Infranet Private Limited, which is one of the promoters of R N Infra
Communications Private Limited. He is the Chairman and a full time working
Director of the Company.
Vikas Jain
Managing Director
Mr. Vikas Jain is a Civil Engineer by profession from BITS, Pilani
having vast experience of 15 years in telecom infrastructure build up. He
started his career in telecom industry with Tata Telecom, and executed the
Birla AT & T project in Maharashtra and Gujarat in an exemplary manner. He
then moved on to Tata Cellular, Hyderabad and created the entire infrastructure
in AP for the initial roll out of Tata Cellular. He was with Siemens, followed
by Hutch where he was responsible for their speedy rollout in Northern India.
He is chairman of Sheetal Structurals Private Limited, Which is responsible for
supply of telecom tower structures to R N Infra Communications Private Limited
He has joined as a promoter of R N Infra Communications Private Limited to lend
his entrepreneur and execution skills, in which he has excelled in last several
years. He is the Managing Director of the Company.
Jagannath
Sarangapani
Director
Mr. Jagannath Sarangapani is a Masters in Mechanical Engineering from
Case Western Reserve University from Cleveland USA. He has 14 years in core
manufacturing and start up of new divisions of U-Foam, which he has implemented
since his return from the US and joined his family business in 1991. Having
successfully demonstrated the Indian initiative in creation of Cellular Base
station sites in the form of prefabricated telecommunication shelters, U-Foam
today under Jagannath’s stewardship has carried out activities practically in
all the states and has made a strong presence in the entire country .He is
representing U-Foam Private Limited which is one of the promoters of R N Infra
Communications Private Limited. He is Dy. Managing Director of U-Foam Private
Limited and a Director of this Company.
Jai Narain Gupta
Director
Dr. Jai Narain Gupta, is a U.S. Citizen of Indian origin. He has been
associated with National Aeronautics & Space Administration (NASA) for
about 30 years. He founded EER Systems Inc., a Washington D.C. based aerospace
firm in 1979, which was taken-over by L3-Communications in May 2001. Dr. Gupta
is a graduate in Electrical Engineering from the Indian Institute of
Technology, New Delhi, India. He holds a MS degree in Electrical Engineering
from the Queen's University, Ontario, Canada (1970); a Ph.D. degree in
Electrical Engineering from Purdue University (1974) and a Masters of Science
in Administration degree from George Washington University (1978). He is
Director of the company.
Mr. Aneesh Anand
Chief Executive Officer
Mr. Aneesh Anand secured his B.Tech from IIT Bombay and Post- Graduation
in Business Management from Bombay University. He started his professional
career with Siemens India, where he imbibed Managerial Skills and a very strong
foundation of Techno-Commercial expertise in the Domestic and International
Arenas. He spend 15 years in the Middle East where, he started and stabilised
two Companies from Greenfield. He joined Tata-Teleservices in April 2001 where
he led the Construction of their first Fibre Optic Backbone from Hyderabad to
Visakhapatnam. When Tata’s took controlling stake in VSNL in 2002, Mr. Aneesh
Anand was deputed to lead the National Long Distance (NLD) Project of VSNL. In December
2003, he was assigned the Leadership of Rolling out the CDMA Mobile Network of
Tata-Teleservices in UP West. On successful completion of the Rollout in UP
West, he was given the assignment in the Corporate Office with a responsibility
of National Rollout of Wireless & Wireline Networks of Tata-Teleservices.
He also served as the Chief Executive Officer of Nutek India Limited He is the
Chief Executive Officer (C.E.O.) of the company.
Brig Sunil Arya
Senior VP {Corporate Affairs}
Brig Sunil Arya is BTech from BIT Ranchi and MBA from Osmania
University. He served with Indian Army for 35 years and then joined NTRO as
Scientist F. He joined us as VP in Aug 2006 and is now Senior VP {Corporate
Affairs} from 01 Feb 2007.
Services:
ENARES INFRANET
Private LIMITED
Introduction
Enares is promoted by a group of professionals having technical and
managerial expertise in the field of telecom infrastructure to include Civil
and Electrical works and facility management. It was registered as a private
limited company at New Delhi on 25.02.2003.
Enares has its corporate office at SCO-21, Sector-15, Part-II, Gurgaon,
Haryana-122001. It has established project and marketing offices across the
country
Fibre optics Lying
OFC Networking
OSP – LAN CSA
Networks
Operation &
Maintenance of Networks
Enterprise
Networking
Credentials
Customers
Presently the business has been started with, VSNL (ISD, NSD and
Internet service provider), Tata Teleservices (Basic and universal service
provider).
U-FOAM PRIVATE
LIMITED
Introduction
Established in 1959, under the visionary stewardship of Mr. M
Sarangapani, U-Foam has a long history. Pioneers in Polyurethane
foams U-foam is the first company in India to make
Polyurethane foam.
U-Foam's brand is generic with foam itself. U-Foam has a rare
distinction of being chosen by the United Nations Development Program, for a
pilot project to manufacture CFC-Free foam products.
The company has corporate office at B 15 & 16, Industrial Estate,
Sanath Nagar, Hyderabad-500018, India.
A to Z in Foam Applications
The Range of
Services
Foams
i)
Structural Insulated Panels (SIP)
ii)
Engineered Solutions
iii)
Renewable Energy Solutions
iv)
Projects and Turnkey Solutions
v)
Research and Development of customer specific Polyurethane's
Present Facilities
Branch / Project
Offices:-
i)
Mumbai
ii)
Chennai
iii)
Kolkata
iv)
Delhi / Gurgaon
v)
Bangalore
vi)
Cochin
vii)
Bhubneshwar
viii)
Patna
ix)
Gawahati
x)
Lucknow
xi)
Mandi
Projects
Undertaken by U-Foam:
Partial client
list:-
1. Reliance Infocomm
2. Larsen and Toubro
3. GTL
4. Hutchison Telecom
5. Western Railways
6. Central Railways
7. Railtel Corporation
8. Tata Cellular
9. Aircel
10.Tata Teleservices
11.BSNL
12. Idea Cellular
13.Bharti Cellular
14.Reliance Telecom
15.RPG Cellular
16. MTNL
SHEETAL
STRUCTURALS PRIVATE LIMITED
Introduction : M/s Sheetal Structurals Private Limited was incorporated
on 27th June 2005. The company has capacity of fabrication of telecom tower
structures, both ground based and roof top of approx. 1500 tons/month. It also
has specialized galvanizing plant with a capacity of approx. 2000MT tons/month.
It has a work force of 150 technical and support personnel. It is an ISO 9001
Certified Company.
The plant is a state-of-the-art with world standard telecom structures
manufacturing facility. The USP of the company is quality and timely delivery.
The corporate office of the company is at SCO-21, Sector-15, Part-II,
Gurgaon, Haryana-122001.
Promoters of the
Company
Mr. Vikas Jain, Chairman is a Graduate in Civil Engineering. He is also
Managing Director of RN Infra Communication Private Limited He has a rich
experience over 15 years in the field of Telecom Infrastructure.
Mr. Sanjay Kumar Jain, Managing Director is an engineering graduate
having vast experience in the field of Industrial & Business Management; he
has worked abroad for 12 years with Indorama Chemicals, Thailand and has a
total working experience of 20 years.
SALES AND
ENGINEERING OFFICE
The sales and Engineering office of the Sheetal Structural is co-located with R
N Infra Communications Private Limited
The Engineering team does custom based designs which optimize material
requirement and costs.
Fabrication and Galvanizing process
The various stages of fabrication of sections are:
Some of the
salient features of Galvanizing plant are
PRODUCTS
CLIENTS
Sheetal Structurals Private Limited has supplied towers to Ericsson, Nokia,
Idea and are in negotiations with Siemens, Dishnet, Tatateleservices, Airtel
and Hutch.
OCTOPUS POWER
SOLUTIONS
Introduction:-
OCTOPUS Intelligent Power Managers are indigenous manufacturers of power
solutions for telecom sites, safeguarding them against erratic AC Mains input
that are a big challenge for any telecom company wishing to setup its network
in India.
OCTOPUS ensure smooth working of the telecom sites against erratic AC
Mains input & to optimize the running of standby generators, avoiding SMPS
damage due to slow response of Servo Voltage correctors, offering a unique
solution to all the problems of a telecom
Integrated Power Interface solutions aims at minimizing the use of stand
by power generators that ensures uninterrupted and transient free operations of
Telecom sites
The corporate office of company is at Module no.14A, Electronic City,
Sector-18, Udyog Vihar V, Gurgaon, Haryana-122001.
TEAM:-
A young, dynamic & dedicated team of electrical, electronics &
communication engineers after two years of intensive R&D has designed and
developed the conceptual products for remote telecom installations. The team
has come under umbrella and incorporated Octopus Power Solutions Private
Limited in year 2005.
The Team comprising Mr. Rajeev Pandey ( B.Tech in Computer Sc.); Mr.
Ashish Goel (Innovative Entrepreneur) and Mr. Raman Mehra ( Mechanical
Engineer) all with about 15 years of experience backed by IITians and other
technocrats to develop intelligent power conditioning and energy saving
solutions based on microcontroller technology
Activities:-
Additional facility for generator changeover incase of Two DG system is
also available.
The Services:-
The Products:-
Sales and
Promotion:-
The sales office of Octopus Power Solutions Private Limited Is
co-located with RN Infra Communications Private Limited
PRISERVE e-SOLUTIONS
Private LIMITED
Introduction
PriServe e-Solutions Private Limited is the 'First Contact' for all the
business needs. PriServe is a Business Process Outsourcing company, providing
end-to-end business processing services resulting in strategic business
advantages to its clientele across the globe. PriServe is presently operating
out of 10,000 Sq. Ft. of office space in an Independent Building on N.H- 8 in
Gurgaon, Haryana.
The current facility has a capacity of 220 seats running on state-of-the
art technology from the alliance partner ‘ITG India’ (www.itgindia.com) who in
turn are co-developers for the entire range of products from TeleSynergy
Research USA (www.telesynergy.com). The aforesaid technology is already in use
in more than 70 contact centres in India, US and Canada. The present facility
has an additional space of 33k Sq Ft which can be used for scalability.
The company has a corporate office at Plot No.-38, Sector-32, Industrial
Area, Gurgaon, Haryana-122001.
Promoters of
company
Specializations
/Services offered
Operations
Training
PriServe rigorous recruitment and training processes are built to
deliver high quality and committed teams, which have a passion for exceeding
customer expectations and scale up extremely effectively. PriServe program
ensures comprehensive knowledge transfer of key client processes to the
delivery team as they get into production on behalf of the clients. PriServe
dedicated quality teams are focused on ongoing quality monitoring and long-term
process improvements, which boost both quality and productivity.
Consequently, a lot of emphasis is paid on new inductee and ongoing
training of PriServe employees. PriServe has tie-ups with several training
institutes and associations for training on specific skills.
Quality Assurance
PriServe has a Quality approach that enables it to continually check and
improve on its organization's performance with respect to technology, process,
people and customers. A key advantage is that it allows PriServe to compare or
benchmark its organization against others.
RAS LIMITED
Introduction
RAS Limited is a Mauritius based Category 1 Global Business Company (GBC1),
incorporated on 2nd day of February, 2006, having its corporate office at c/o
DTOS Limited, 4th floor, IBL House, Caudan, Port Louis, Mauritius
Promoter
The company has been promoted by Dr. Jai Narain Gupta, a U.S. Citizen of
Indian origin. He has been associated with National Aeronautics & Space
Administration (NASA) for about 30 years. He founded EER Systems Inc., a
Washington D.C. based aerospace firm in 1979, which was taken-over by
L3-Communications in May 2001. Dr. Gupta is a graduate in Electrical
Engineering from the Indian Institute of Technology, New Delhi, India. He holds
a MS degree in Electrical Engineering from the Queen's University, Ontario,
Canada (1970); a Ph.D. degree in Electrical Engineering from Purdue University
(1974) and a Masters of Science in Administration degree from George Washington
University (1978).
Business of
Company
The company is engaged in the business of financing projects dealing
with infrastructure and real estate in the various parts of Asia & Africa, more
particularly in India.
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
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.46.63 |
|
UK Pound |
1 |
Rs.83.76 |
|
Euro |
1 |
Rs.66.49 |
SCORE & RATING
EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
48 |
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 |
|