MIRA INFORM REPORT

 

 

 

Report Date :

17.09.2008

 

IDENTIFICATION DETAILS

 

Name :

R N INFRACOMMUNICATIONS PRIVATE LIMITED

 

 

Registered Office :

B-103, Vishrantika, Plot No. -5A, Sector-3, Dwarka, New Delhi-110075

 

 

Country :

India

 

 

Financials (as on) :

31.03.2007

 

 

Date of Incorporation :

09.03.2005

 

 

Com. Reg. No.:

133745

 

 

CIN No.:

[Company Identification No.]

U74999DL2005PTC133745

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Turnkey Service Provider for Telecom Industry

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Maximum Credit Limit :

USD 610000

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

 

 

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

 

Name :

Mr. Rajeev Sharma

Designation :

Deputy General Manager

Date :

16.09.2008

 

 

LOCATIONS

 

Registered Office :

B-103, Vishrantika, Plot No. -5A, Sector-3, Dwarka, New Delhi-110075, India

E-Mail :

nandan@rninfra.com , findgm@rninfra.com

Website :

http://www.rninfra.com

Area :

Owned

 

 

Corporate Office :

SCO-21, Sector 15, Phae II, Gurgaon-122001, Haryana, India

Tel. No.:

91-124-4109450

Fax No.:

91-124-4317499

Area :

Owned

 

 

Project Offices :

Located At:-

  • Lucknow
  • Ahmedabad
  • Jaipur
  • Kasushmbi
  • Gorakhpur

 

 

DIRECTORS

 

Name :

Mr. Krishna Nandan

Designation :

Director

Qualification :

MBA

 

 

Name :

Mr. Vikas Jain

Designation :

Managing Director

Address :

K-11/3, G.F DLF Phase- II, Gurgaon, India

Qualification :

Civil Engineer

 

 

Name :

Mr. Jagannath Sarangapani

Designation :

Director

Qualification :

Mechanical Engineer

 

 

Name :

Mr. Jai Narian Gupta

Designation :

Director

Qualification :

Electronic Engineer

 

 

KEY EXECUTIVES

 

Name :

Mr. Rajeev Sharma

Designation :

Deputy General Manager

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

As on 21.03.2006

List of Alllottes

 

No. of Shares

Alloted

Vikas Jain

 

190100

Enares Infranet Private Limited

 

249900

Total

 

440000

 

Equity Share Breakup (Percentage of Total Equity)

As on 29.09.2007

 

Category

 

 

Percentage

Foreign holdings (Foreign institutional investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s) or Overseas corporate bodies or Others.

 

25.00

Bodies Corporate (not mentioned above)

 

50.00

Directors or relatives of directors

 

25.00

Total

 

100.00

 

 

BUSINESS DETAILS

 

Line of Business :

Turnkey Service Provider for Telecom Industry

 

 

Terms :

 

Selling :

Cheque

 

 

Purchasing :

L/C

 

 

GENERAL INFORMATION

 

No. of Employees :

470 (Corporate office 70, Branches 400)

 

 

Bankers :

  • ICICI Bank Limited, Land Mark Race Course Circle, Vadodara-390007, Gujarat, India
  • The Nainital Bank Limited, Gurgaon (Sector 15) Branch
  • State Bank of India, Overseas Branch, Jawahar Vyapar Bhawan, 1, Tolstoy Marg, New Delhi-110001, India

 

 

Facilities :

CC Rs. 130.000 Millions (From State Bank)

 

 

 

Banking Relations :

Satisfactory

 

 

Auditors :

 

Name :

Mr. Himanshu Kumar

Chartered Accountant

Address :

3, Raj Market, Model Town, Gurgaon-122001, Haryana, India

 

 

Name :

VRSK and Associates

Chartered Accountant

Address :

2365, 2nd Floor, Satya Chambers, Rajguru Road, Paharganj, New Delhi-110055, India

 

 

Associates/Subsidiaries :

  • Sheetal Stucturals Private Limited
  • Octopus Power Solutions Private Limited
  • RAS Limited
  • Priserve E-Solutions Private Limited

 

 

CAPITAL STRUCTURE

 

As on 28.09.2007

 

Authorised Capital :

No. of Shares

Type

Value

Amount

2500000

Equity Shares

Rs. 10/- each

Rs. 25.000 Millions

850000

Preference Shares

Rs. 100/- each

Rs. 85.000 Millions

 

Total

 

Rs. 110.000 Millions

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

2000000

Equity Shares

Rs. 10/- each

Rs. 20.000 Millions

850000

Preference Shares

Rs. 100/- each

Rs. 85.000 Millions

 

Total

 

Rs. 105.000 Millions

 


 

FINANCIAL DATA

[all figures are in Rupees Millions]

 

 

ABRIDGED BALANCE SHEET

 

SOURCES OF FUNDS

 

31.03.2007

31.03.2006

31.03.2005

SHAREHOLDERS FUNDS

 

 

 

1] Share Capital

102.360

12.360

0.000

2] Share Application Money

0.000

35.095

0.056

3] Reserves & Surplus

19.861

5.812

0.000

4] (Accumulated Losses)

0.000

0.000

[0.004]

NETWORTH

122.221

53.267

0.052

LOAN FUNDS

 

 

 

1] Secured Loans

44.920

2.092

0.000

2] Unsecured Loans

0.348

0.348

0.000

TOTAL BORROWING

45.268

2.440

0.000

DEFERRED TAX LIABILITIES

0.696

0.192

0.043

 

 

 

 

TOTAL

168.185

55.899

0.095

 

 

 

 

APPLICATION OF FUNDS

 

 

 

 

 

 

 

FIXED ASSETS [Net Block]

16.977

7.856

0.000

Capital work-in-progress

0.000

0.000

0.000

 

 

 

 

INVESTMENT

18.982

4.200

0.000

DEFERREX TAX ASSETS

0.000

0.000

0.000

 

 

 

 

CURRENT ASSETS, LOANS & ADVANCES

 

 

 

 

Inventories

44.912

29.391

0.000

 

Sundry Debtors

100.430

19.357

0.000

 

Cash & Bank Balances

4.446

5.511

0.054

 

Other Current Assets

98.963

8.214

0.000

 

Loans & Advances

0.000

0.000

0.000

Total Current Assets

248.751

62.473

0.054

Less : CURRENT LIABILITIES & PROVISIONS

 

 

 

 

Current Liabilities

102.980

15.513

0.000

 

Provisions

13.545

3.342

0.000

Total Current Liabilities

116.525

18.855

0.000

Net Current Assets

132.226

43.618

0.054

 

 

 

 

MISCELLANEOUS EXPENSES

0.000

0.225

0.041

 

 

 

 

TOTAL

168.185

55.899

0.095

 

KEY RATIOS

 

PARTICULARS

 

 

31.03.2007

31.03.2006

31.03.2005

Debt Equity Ratio

(Total Liability/Networth)

 

1.32

0.39

0.00

 

 

 

 

 

Current Ratio

(Current Asset/Current Liability)

 

2.13

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

 

 

Name of the company

R N INFRACOMMUNICATIONS PRIVATE LIMITED

Presented By

Mr. Vikas Jain, Managing Director

1) Date and description of instrument creating the change

Deed of Hypothecation of Movable Machinery dated 10th January 2006

2) Amount secured by the charge/amount owing on the securities of charge

Rs. 0.600 Millions

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

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%

5) Name and Address and description of the person entitled to the charge.

The Manager, The Nainital Bank Limited, Gurgaon (Sector 15) Branch

6) Date  and brief description of instrument modifying the charge

Not Applicable

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

 

 

This form is for

Modification of charge

Charge identification number of the modified 

10012668

Corporate identity number of the company

U74999DL2005PTC133745

Name of the company

R N INFRACOMMUNICATIONS PRIVATE LIMITED

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

Type of charge

Book Debts

Movable Property

Immovable Property

Particular of charge holder

State Bank of India, Overseas Branch, Jawahar Vyapar Bhawan, 1, Tolstoy Marg, New Delhi-110001, India

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

Date of instrument Creating the charge

13.02.2008

Amount secured by the charge

Rs. 230.000 Millions

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

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.

Date of latest modification prior to the present modification

19.03.2007

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.

 

DIRECTOR PROFILE

 

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

 

  1. All types of towers:-Self-Supporting Towers or Guyed Towers.
  2. Tower accessories like:-

 

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

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions