MIRA
INFORM REPORT
|
Report Date : |
09.08.2011 |
IDENTIFICATION DETAILS
|
Name : |
ASTER PRIVATE LIMITED (w.ef.11.08.2010) |
|
|
|
|
Formerly Known
As : |
ASTER TELE SERVICES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
E-67, |
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|
Country : |
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|
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Financials (as
on) : |
31.03.2010 |
|
|
|
|
Date of
Incorporation : |
22.05.1998 |
|
|
|
|
Com. Reg. No.: |
01-29457 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.31.720 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U32204AP1998PTC029457 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
HYDA01527B |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCA5469L |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
The company is a professionally driven infra engineering company
providing a wide range of products and services to the telecommunications
industry. |
|
|
|
|
No. of Employees : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
A (63) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
USD 15700000 |
|
|
|
|
Status : |
Good |
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|
|
|
Payment Behaviour : |
Regular |
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|
|
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Litigation : |
Clear |
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|
Comments : |
Subject is a well established and reputed company having fine track
records. Financial position of the company appears to be sound. Trade relations
are reported as fair. Business is active. Payments are reported to be regular
and as per commitments. The company can be considered normal for business dealings at usual
trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – April 1, 2010
|
Country Name |
Previous Rating (31.12.2009) |
Current Rating (01.04.2010) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
LOCATIONS
|
Registered Office : |
E-67, |
|
Tel. No.: |
91-40-27111199 |
|
Fax No.: |
91-40-27110535 |
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E-Mail : |
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|
Website : |
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Corporate Office : |
A-8/7, Aishwarya Chambers, A. S. Rao Nagar, |
|
Tel. No.: |
91-40-27130273 |
|
Fax No.: |
91-40-27130272 |
|
E-Mail : |
|
|
|
|
|
Operations : |
C-31, Rukhminipuri Colony, A S Rao Nagar, |
|
Tel. No.: |
91-40-40119985 |
|
Fax No.: |
91-40-40119986 |
|
|
|
|
Factory 1 : |
73, Siltara Industrial Growth Centre, Phase 2 |
|
Tel. No.: |
91-771-3091887 |
|
Fax No.: |
91-771-3093412 |
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|
|
|
Factory 2 : |
Sankara (PO),Tilda (Tehsil), |
|
Tel. No.: |
91-93-01984192 / 00081676 |
|
Fax No.: |
91-7721-264421 |
|
|
|
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Factory 3 : |
2108, 159A/B, Cheriyala X Roads, |
|
Tel. No.: |
91-40-32518858/32909662 |
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Fax No.: |
91-841-8284070 |
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Factory 4 : |
142, Thalla Singaram, Choutuppal, |
|
Tel. No.: |
91-8694-272583/272584 |
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|
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|
Factory 5 : |
197, 198/b and 251/9, NH-7, Bhoothpur (PO and Mandal), Mehboobnagar
(District) Jedcherla-509301, |
|
Tel. No.: |
91-8542-205229 / 236374 / 236174 |
|
Fax No.: |
91-8542-236274 |
|
|
|
|
Factory 6 : |
146, Sr. No. 83, Eekalbara Road, Dabhasa (Post), Padra (Tehsil),
Vadodara – 391 440, Gujarat, India |
|
Tel. No.: |
91-2662-329234 / 222684 |
|
|
|
|
Factory 7: |
140/141, IDA Cherlapally, Phase II, |
|
Tel. No.: |
91-40-27260609 |
|
Fax No.: |
91-40-27260607 |
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|
Branches Located At: |
·
Jharkhand ·
·
Karnataka ·
Kerala ·
Madhya Pradesh ·
·
·
Orissa ·
·
Tamil Nadu ·
Uttar Pradesh ·
·
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|
Overseas Office : |
·
·
·
·
·
·
·
·
|
DIRECTORS
As on 25.06.2010
|
Name : |
Mr. Alapati Srinivasa Prasad |
|
Designation : |
Whole Time Director |
|
Address : |
Plot No.803, Defence Colony, Vayupuri, Secunderabad- 500094, Andhra
Pradesh |
|
Date of Birth/Age : |
06.08.1966 |
|
Date of Appointment : |
19.03.2005 |
|
DIN No : |
00122353 |
|
|
|
|
Name : |
Mr. Srinivas Chidambaram |
|
Designation : |
Director |
|
Address : |
A 301, Yamuna Apartments, Alknanda, |
|
Date of Birth/Age : |
21.05.1966 |
|
Date of Appointment : |
09.08.2007 |
|
DIN No : |
00514665 |
|
|
|
|
Name : |
Mr. Jacob Kurian |
|
Designation : |
Director |
|
Address : |
Flat No.A32, Shefali Apartments, Aga, |
|
Date of Birth/Age : |
09.02.1956 |
|
Date of Appointment : |
09.08.2007 |
|
DIN No : |
00213259 |
|
|
|
|
Name : |
Mr. Stephen Wayne Clemons |
|
Designation : |
Director |
|
Address : |
8904, |
|
Date of Birth/Age : |
28.07.1954 |
|
Date of Appointment : |
17.12.2007 |
|
DIN No : |
00466253 |
|
|
|
|
Name : |
Mr. Raghavendra Rao Bondada |
|
Designation : |
Whole Time Director |
|
Address : |
Plot No.162-1 Sreeram Nagar Colony, Kapra, Hyderabad-500062, |
|
Date of Birth/Age : |
16.05.1974 |
|
Date of Appointment : |
08.08.2009 |
|
DIN No: |
01883766 |
|
|
|
|
Name : |
Mr. Srinivas Sheshadri Raman |
|
Designation : |
Whole Time Director |
|
Address : |
1-4-162/28, Plot 28, Maniksai Enclave, Sainikpuri,
Secunderabad-500094, |
|
Date of Birth/Age : |
14.07.1973 |
|
Date of Appointment : |
08.08.2009 |
|
DIN No : |
01612819 |
|
|
|
|
Name : |
Mr. Vittal Nagarajan |
|
Designation : |
Director |
|
Address : |
Flat 12, 3rd Floor, Sreela 22, |
|
Date of Birth/Age : |
31.01.1938 |
|
Date of Appointment : |
08.08.2009 |
|
DIN No : |
00959126 |
|
|
|
|
Name : |
Mrs. Indira Jitendra Parikh |
|
Designation : |
Director |
|
Address : |
Parmita, 203, |
|
Date of Birth/Age : |
29.08.1943 |
|
Date of Appointment : |
08.08.2009 |
|
DIN No : |
00143801 |
|
|
|
|
Name : |
Mr. Nagendra Venkaswamy |
|
Designation : |
Director |
|
Address : |
Plot No.66/1/3, 3rd Floor, |
|
Date of Birth/Age : |
18.12.1957 |
|
Date of Appointment : |
17.10.2008 |
|
DIN No : |
02404533 |
|
|
|
|
Name : |
Mr. O.N. Singh |
|
Designation : |
Director |
|
Address : |
1703-A, Lakshchandi High Light Krishnavatika Marg, Gokula Dham, Mumbai
– 400063, |
|
Date of Birth/Age : |
20.07.1946 |
|
Date of Appointment : |
16.01.2009 |
|
Date of Ceasing : |
04.05.2009 |
|
|
|
|
Name : |
Mr. Uppala Kantha Rao |
|
Designation : |
Director |
|
Address : |
G2 AND G3, D-II, Garden Estate, Jakkur, Bangalore-560064, |
|
Date of Birth/Age : |
02.03.1962 |
|
Date of Appointment : |
22.05.1998
|
|
Date of Ceasing |
02.11.2007 |
|
DIN No. : |
00233905 |
|
|
|
|
Name : |
Mr. Uppala Rajani |
|
Designation : |
Director |
|
Address : |
G2 AND G3, D-II, Garden Estate, Jakkur, Bangalore-560064, |
|
Date of Birth/Age : |
17.07.1968 |
|
Date of Appointment : |
22.05.1998 |
|
Date of Ceasing: |
02.09.2008 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 25.06.2010
|
Names of Shareholders |
|
No. of Shares |
|
Uppala Kantha Rao |
|
15715 |
|
Uppala Rajani |
|
20698 |
|
Alapati Srinivasa Prasad |
|
3147 |
|
Nylim Jacob Ballas |
|
6916 |
|
Jacob Ballascapital |
|
364 |
|
NSR-Pemauritius LLC, |
|
5200 |
|
Aster Members Welfare |
|
11400 |
|
Total |
|
63440 |
As on 25.06.2010
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
|
19.10 |
|
Bodies
corporate |
|
0.57 |
|
Directors
or relatives of directors |
|
62.36 |
|
Other
top fifty shareholders |
|
17.97 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The company is a professionally driven infra engineering company providing
a wide range of products and services to the telecommunications industry. |
|
|
|
|
Products/Services : |
Telecom and T and D infrastructure and services, etc. |
PRODUCTION STATUS (As on 31.03.2010)
|
Particulars |
|
|
|
Quantity
in MT |
|
Licensed Capacity |
N.A. |
|
Installed Capacity |
132700 |
|
Actual Production |
81663 |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|
|
|
|
Customers: |
·
Bharti Enterprises Limited ·
Vodafone Essar Limited ·
Reliance Communication Limited ·
Idea Cellular Limited ·
Tata Indicom Limited ·
Indus Towers Limited ·
Ericsson India Private Limited ·
Nokia Siemens Networks India Private limited ·
Huawei Technologies Company Limited ·
ZTE Technologies Company Limited ·
Aircel Limited ·
Nortel Networks India Private Limited ·
Alcatel-Lucent India Private Limited ·
NEC India Private Limited |
|
|
|
|
Bankers : |
·
ING Vysya Bank Limited 1-7-1, T. Subbaramireddy Complex, ·
Oriental Bank of Commerce 126, S.D. Road Branch, Secunderabad
-500003, ·
Standard Chartered Bank ·
State Bank of |
FACILITIES
|
Secured Loans |
As
on 31.03.2010 Rs.
in millions |
As
on 31.03.2009 Rs.
in millions |
As
on 31.03.2008 Rs.
in millions |
As
on 31.03.2007 Rs.
in millions |
|
Term Loan from
Bank # |
|
|
|
|
|
Rupee Loan |
204.916 |
621.298 |
254.800 |
719.374 |
|
Foreign Currency
Loan |
|
|
|
|
|
Standard Chartered Bank-USD 487392 Equivalent |
22.001 |
43.307 |
0.000 |
|
|
State Bank of |
0.000 |
0.000 |
81.957 |
131.835 |
|
State Bank of |
0.000 |
0.000 |
7.378 |
|
|
Vehicle and Equipment Loan |
0.418 |
2.394 |
5.811 |
12.422 |
|
|
|
|
|
|
|
Term Loan-others
# |
|
|
|
|
|
Hire Purchase Loans |
5.525 |
9.346 |
0.000 |
0.000 |
|
TML Financial Services Limited |
0.000 |
0.147 |
0.293 |
0.000 |
|
Cash
Credit/Overdraft from Banks |
657.778 |
815.406 |
793.962 |
966.699 |
|
Total |
890.638 |
1491.898 |
1144.201 |
1830.330 |
Note (As on
31.03.2010) : # Amount repayable within one year Rs.211.585 millions
|
Unsecured Loans |
As
on 31.03.2010 Rs.
in millions |
As
on 31.03.2009 Rs.
in millions |
As
on 31.03.2008 Rs.
in millions |
As
on 31.03.2007 Rs.
in millions |
|
Compulsorily Convertible Debentures (12000000 debentures of Rs.100 each) |
0.000 |
0.000 |
1200.000 |
0.000 |
|
Total |
0.000 |
0.000 |
1200.000 |
0.000 |
|
Banking
Relations : |
- |
|
|
|
|
Auditors : |
|
|
Name : |
Akasam And Associates Chartered Accountant |
|
Address : |
10-1-17/1/1, Masab Tank, |
|
PAN No : |
ALKPS1598M |
|
|
|
|
Name : |
Deloittee Haskins and Sells Chartered Accountant |
|
Address : |
1-2-10, |
|
PAN No : |
AACFD3771D |
|
|
|
|
Subsidiary Company |
·
Aster Global Services Limited ·
Aster Infrastructure Services Limited ·
Aster Teleservices Lanka (Private) Limited ·
Aster Teleservices Nepal Private Limited ·
Aster Building Solutions Private Limited CIN No.: U45400AP2008PTC059204 |
|
|
|
|
Step Down Subsidiary: |
·
Aster Global Services Kenya Limited ·
Aster Global Services ( ·
Aster Global Services ( ·
Aster Global Services ( |
CAPITAL STRUCTURE
As on 25.06.2010
Authorised Capital : Rs.1000.000 millions
Issued, Subscribed & Paid-up Capital : Rs.824.720
millions
As on 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
240000 |
Equity Shares |
Rs.500/- each |
Rs.120.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
63440 |
Equity Shares |
Rs.500/-
each |
Rs.31.720
Millions |
Note:
(1) Of the above 5401 shares are allotted as
fully paid up by way on Bonus shares.
(2) Of the above, 6240 shares are allotted as
fully paid up on conversion of compulsory convertible debentures
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
31.03.2007 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
|
1] Share Capital |
31.720 |
31.720 |
28.600 |
28.501 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
3894.989 |
2980.630 |
1297.344 |
1270.443 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
3926.709 |
3012.350 |
1325.944 |
1298.944 |
|
|
LOAN FUNDS |
|
|
|
|
|
|
1] Secured Loans |
890.638 |
1491.898 |
1144.201 |
1830.330 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
1200.000 |
0.000 |
|
|
TOTAL BORROWING |
890.638 |
1491.898 |
2344.201 |
1830.330 |
|
|
DEFERRED TAX LIABILITIES |
97.452 |
122.733 |
111.562 |
60.916 |
|
|
|
|
|
|
|
|
|
TOTAL |
4914.799 |
4626.981 |
3781.707 |
3190.190 |
|
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
1561.460 |
1526.723 |
962.405 |
842.995 |
|
|
Capital work-in-progress |
40.665 |
52.498 |
66.358 |
29.525 |
|
|
|
|
|
|
|
|
|
INVESTMENT |
67.627 |
64.127 |
3.567 |
135.485 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
|
Inventories |
1151.784
|
1266.290 |
1222.997 |
657.825 |
|
|
Sundry Debtors |
4105.708
|
3152.557 |
2933.171 |
2375.223 |
|
|
Cash & Bank Balances |
65.832
|
48.173 |
245.963 |
314.257 |
|
|
Other Current Assets |
323.953
|
41.871 |
0.000 |
136.327 |
|
|
Loans & Advances |
728.059
|
540.357 |
407.420 |
472.573 |
|
Total
Current Assets |
6375.336
|
5049.248 |
4809.551 |
3956.205 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
|
Sundry Creditors |
2030.004
|
1154.365 |
1226.807 |
869.577 |
|
|
Other Current Liabilities |
909.915
|
805.972 |
789.927 |
754.899 |
|
|
Provisions |
190.370
|
105.278 |
68.930 |
149.544 |
|
Total
Current Liabilities |
3130.289
|
2065.615 |
2085.664 |
1774.020 |
|
|
Net Current Assets |
3245.047
|
2983.633 |
2723.887 |
2182.185 |
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
25.490 |
0.000 |
|
|
|
|
|
|
|
|
|
TOTAL |
4914.799 |
4626.981 |
3781.707 |
3190.190 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
31.03.2007 |
|
|
|
SALES |
|
|
|
|
|
|
|
|
Income |
11587.604 |
9708.341 |
7743.701
|
NA |
|
|
|
Other Income |
65.586 |
138.391 |
64.620 |
NA |
|
|
|
TOTAL (A) |
11653.190 |
9846.732 |
7808.321 |
NA |
|
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
Increase/Decrease in Inventory |
388.170 |
(274.626) |
(277.184) |
NA |
|
|
|
Operating Expenses |
8093.086 |
7778.296 |
6027.287 |
NA |
|
|
|
Payments and Benefits to Employees |
807.783 |
637.014 |
416.227 |
NA |
|
|
|
Administrative, Selling and other Expenses |
636.494 |
540.850 |
383.271 |
NA |
|
|
|
Miscellaneous Expenditure Written off |
0.000 |
0.000 |
6.372 |
NA |
|
|
|
TOTAL (B) |
9925.533 |
8681.534 |
6555.973 |
NA |
|
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
1727.657 |
1165.198 |
1252.348 |
NA |
|
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
214.355 |
287.432 |
150.864 |
NA |
|
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
1513.302 |
877.766 |
1101.484 |
NA |
|
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
114.787 |
82.269 |
61.285 |
NA |
|
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
1398.515 |
795.497
|
1040.199
|
NA |
|
|
|
|
|
|
|
|
|
|
Less |
TAX (I) |
480.445 |
280.039 |
368.165 |
NA |
|
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-I) (J) |
918.070 |
515.458 |
672.034 |
NA |
|
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
1775.173 |
1263.425 |
594.737 |
NA |
|
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
|
Proposed Dividend |
3.172 |
3.172 |
2.860 |
NA |
|
|
|
Tax on Proposed Dividend |
0.539 |
0.539 |
0.486 |
NA |
|
|
BALANCE CARRIED
TO THE B/S |
2689.532 |
1775.172 |
1263.425 |
NA |
|
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
|
Export Earnings |
667.196 |
1090.864 |
538.545 |
NA |
|
|
|
Dividend |
11.216 |
11.008 |
12.029 |
NA |
|
|
|
Interest |
0.000 |
0.000 |
2.621 |
NA |
|
|
|
Other Earnings |
0.000 |
10.325 |
7.942 |
NA |
|
|
TOTAL
EARNINGS |
678.412 |
1112.197 |
561.137 |
|
|
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
|
Raw Materials |
0.000 |
0.000 |
83.327 |
NA |
|
|
|
Capital Goods |
22.225 |
36.051 |
36.230 |
NA |
|
|
TOTAL IMPORTS |
22.225 |
36.051 |
119.557 |
NA |
|
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
|
|
|
|
|
|
BASIC |
14471.00 |
8165.00 |
11749.00 |
NA |
|
|
|
DILUTED |
14471.00 |
8165.00 |
10594.00 |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
31.03.2007 |
|
PAT / Total Income |
(%) |
7.88
|
5.23 |
8.61 |
NA |
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
12.07
|
8.19 |
13.43 |
NA |
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
17.62
|
12.10 |
18.02 |
NA |
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.36
|
0.26 |
0.78 |
NA |
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.02
|
1.18 |
3.34 |
2.77 |
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.04
|
2.44 |
2.31 |
2.23 |
LOCAL AGENCY FURTHER INFORMATION
BACKGROUND
The Company was incorporated on May 22nd 1998 under the Companies
Act, 1956. The company commenced its business with an aim to become a provider
of services to the telecommunication industry. The company today is one of the
providers of services and products to the telecommunications industry in
BUSINESS OVERVIEW
The current financial year 2009-10 has been a good year for the company,
with robust growth in revenues accompanied by a very healthy recovery in
profitability compared to the financial year 2008-09. The current year has seen
your company maintain its leading position in the domain telecom infrastructure
market and registering growth in the life cycle services in this domain namely,
RF Engineering Services, Network Engineering services and Operations and
Maintenance Services.
In line with the company
strategy, the management has focused on diversification opportunities over the
last few years. The current financial year has resulted in revenue from the
Transmission and Distribution segment of INR Millions, which is a growth of
155% over the previous year. The Transmission and Distribution revenues
contributed to 34% of total revenue of the company when compared to 16% in the
previous financial year.
The company operates in a verticals and strategic Business Unit
structure in order to have the required focus and attention that each
sector/customers require in order to succeed in those areas.
CONTINGENT
LIABILITIES
|
Particulars |
As
on 31.03.2010 Rs.
in millions |
As
on 31.03.2009 Rs.
in millions |
|
Letter of Credit |
783.592 |
62.704 |
|
Bank Guarantees |
3983.397 |
3850.623 |
|
Corporate guarantees given for other Companies |
616.900 |
932.500 |
|
Corporate guarantees given to Customers |
37.551 |
96.391 |
|
Claims against the company not acknowledged as debts |
241.255 |
234.239 |
FORM 8
|
Corporate identity number of the company |
U32204AP1998PTC029457 |
|
Name of the company |
Aster Private Limited |
|
Address of the registered office or of the principal place of business in |
E-67, |
|
This form is for |
Modification of charge |
|
Charge identification (ID) number of the charge to be modified |
90121899 |
|
Type of charge |
Immovable property |
|
Particular of charge holder |
ING Vysya Bank Limited 1-7-1, T. Subbaramireddy Complex, |
|
Nature of instrument creating charge |
Memorandum of deposit for creation of further charge dt. 23 Jun 2011
executed by State Bank of |
|
Date of instrument Creating the charge |
23.06.2011 |
|
Amount secured by the charge |
Rs.750.000 millions |
|
Brief of the principal terms an conditions and extent and operation of
the charge |
Rate of Interest As per the Facility Letter ref: ROHYD:EC:CSR:SLR:04:2011-12, dtd 8 Jun 2011. Terms of Repayment Repayable on demand Margin 25% on the stocks of raw materials, work in progress, finished goods,
consumables and receivables. Extent and Operation of the charge ROHYD:EC:CSR:SLR:04:2011-12, dtd 8 Jun 2011 of the Ing Vysya Bank and
Memorandum of Deposit dtd 23-Jun-2011 of State Bank of Others NIL |
|
Short particulars of the property or asset(s) charged (including
complete address and location of the property) |
Pari Passu charge over the entire fixed assets of the company,
Memorandum of Deposit dated 23 Jun
2011 of State Bank of |
|
Particulars of the present modification |
There is no change in the total limit of Rs.750.000 millions. The limit is additionally secured by the EM
of the immovable property of the company as mentioned in the document. |
FIXED ASSETS
Tangible Assets
·
Land – Free Hold
·
Building – Non Factory
·
Building – Factory
·
Temporary Erections
·
Computers
·
Plant and Machinery
·
Office Equipments
·
Furniture and Fixtures
·
Vehicles
Intangible Assets
·
Technical Know-How
WEB DETAILS
Telecom
Subject is a provider of Telecom Infrastructure in
Subject is a one-stop shop for telecom infrastructure and engineering offering
services including Project Management, Radio Frequency (RF) Engineering,
Telecom Tower Design and Supply, Telecom Shelters, Engineering Constructions
and Projects, Engineering Services and Operations and Maintenance.
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No records exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] 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.44.96 |
|
|
1 |
Rs.73.94 |
|
Euro |
1 |
Rs.64.56 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILIRY |
1~10 |
7 |
|
--LIQUIDITY |
1~10 |
8 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
7 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
63 |
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 |
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 |
|
- |
NB |
New Business |
- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.