MIRA
INFORM REPORT
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Report Date : |
08.07.2011 |
*Note : The correct name of the company is ‘LAMBDA EASTERN TELECOMMUNICATION LIMITED’
IDENTIFICATION DETAILS
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Name : |
LAMBDA EASTERN TELECOMMUNICATION LIMITED |
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Registered Office : |
108, First Floor, Transport Centre, |
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Country : |
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Financials (as on) : |
31.03.2010 |
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Date of Incorporation : |
31.07.2008 [Partnership Concern - In 2006] |
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Com. Reg. No.: |
55 – 181600 |
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Capital
Investment / Paid-up Capital : |
Rs.100.726 Millions |
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CIN No.: [Company
Identification No.] |
U64200DL2008PLC181600 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
DELL03985C |
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PAN No.: [Permanent
Account No.] |
AABCL5020F |
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Legal Form : |
A Closely held Public Limited Liability Company. |
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Line of Business : |
Manufacturing of Telecom accessories that is cable trays, racks,
feeder clamps, telecom shelter, telecom components, quarter wave surge
arrestor, band pass filter etc. |
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No. of Employees
: |
250 [Approximately] |
RATING & COMMENTS
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MIRA’s Rating : |
Ba (45) |
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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 852000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having Satisfactory track. The
company is doing well. Trade relations are reported as fair. Business is
active. Payments are reported to be usually correct 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
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Country Name |
Previous Rating (31.12.2009) |
Current Rating (01.04.2010) |
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A1 |
A1 |
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Risk Category |
ECGC Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
INFORMATION PARTED BY
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Name : |
Mr. Mahendra Bhatia |
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Designation : |
Finance Manager |
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Contact No : |
91-124-4949647 |
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Date : |
02.07.2011 |
LOCATIONS
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Registered Office : |
108, First Floor, Transport Centre, |
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Tel. No.: |
91-11-43588591 |
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Mobile No. : |
91-9650805900 [Mr. Punit] |
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Fax No.: |
91-11-43588592 |
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E-Mail : |
Mahendra.bhatia@lambdaeastern.co.in
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Website : |
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Location : |
Leased |
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Factory [Old
Premises] : |
475, Phase V, Udyog Vihar, Gurgaon – 122 015, v
Baddi
(3 units) v
Kalaamb
(1 unit v
Kundli
(2 units) v
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Factory 2: |
Lambda Eastern
Telecommunication, Kundli 478-EPIP, Kundli, Sonipat – 131 028, Haryana |
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Tel Nol |
91-130-2372203 / 2219456 / 480 / 2219455 |
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Fax No |
91-130-2219458 |
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Location : |
Owned |
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Factory 3 : |
Plot No.115 and 115A, Village Mahuakhera Ganj, Tehsil Kashupur –
244713, |
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Tel. No.: |
91-124-4949500 |
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Mobile No: |
91-9811290428 (Mr. Mahesh Kala, Vice
President of the Group) 91-9650100919 (Mr. Amitabh Dey) |
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Location : |
Owned |
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Branch Office: |
Located At: |
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International
Offices : |
Sales and
Marketing Office ( Mr. Nitin Wadhwa 4400 Route 9 South Freehold, Mobile No : +
1.732.614.1732 Tel No: +
1.732.303.7346 Fax No : +
1.732.462.9149 E-Mail: sales@lambdagroup.co.in Website: www.lambdagroup.co.in |
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Corporate Office/Factory 4: |
Plot No -115 Phase I, Udyog Vihar, Gurgaon, |
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Tel No: |
91-124-4949500 / 4949600 |
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Fax No. : |
91-124-4949666 |
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Mobile No.: |
91-9811290428 [Mr. Mahesh Kala, Vice
President of the Group] 91-9650100919 [Mr. Amitabh Dey] |
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Area : |
1.5 Acre |
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Location : |
Owned |
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E-Mail: |
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Marketing
Office: |
Lambda Sales and
Marketing Office Telecom Products 475, Udyog Vihar, Phase V, Gurgaon – 122 015, Tel No: 91-124-4578500 Fax No: 91-124-4308035 E-Mail: raman.uppal@lambdagroup.co.in Website: www.lambdaeastern.in Microwave
Components for Defence/RF Absorber / Training Kits Mr. Mahesh Kala, General Manager 130/5, DLF Industrial area, Phase – I, Tel No: 91-129-4098100
(30 Lines) Fax No: 91-129-2250772 E-mail: mahesh.kala@lambdagroup.co.in Website: www.lambdagroup.co.in Alternative
Energy Solutions / Shelter Security Mr. Tarun Kumar Juneja, Deputy General Manager 130/5, DLF Industrial Area, Phase – I, Tel No: 91-129-4098100
(30 Lines) Fax No: 91-129-2250772 E-Mail: tarun.juneja@lambdagroup.co.in Website: www.tek4isolutions.com |
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Sales and
Marketing Office: |
Dimitry Zeverev Deputy Chief Marketing VEKS-M Limited Zwezdnlybulvar, 14, Building 2, Tel No: (+7499)
763-80-72 / (+7499)763-80-67 Fax No: (+7499)763-80-65 E-Mail: sales@lambdagroup.co.in Website:
lambdagroup.co.in Lambda
Microwaves Private Limited Liability Company limited, 149, DLF Industrial Area, Phase – I, Tel No: 91-129-4098100 Fax No: 91-129-2250772 E-Mail: info@lambdagroup.co.in Website:
lambdagroup.co.in Dehradun Near Central Vikas Nagar, Selakuvi, Dehradun Location: Rented Lambda
Televentures Private Limited Liability Company Limited, Baddi Unit IV 14, HPSIDC Industrial Area Baddi, Solan – 174 103, Himanchal Pradesh Tel No: 91-129-4098100 Fax No: 91-1792-245785 Website:
lambdagroup.co.in Lambda Microwave
Technologies – Unit I 76A, HPSIDC Industrial Area Baddi, Solan – 173 205, Himanchal Pradesh Tel No: 91-129-4098100 Fax No: 91-1792-253007 Website: www.lambdagroup.co.in Lambda Microwave
Technologies – Unit II VIII – Damurwala, Moja Bated, Tel No: 91-129-4098100 Fax no: 91-1792-253007 Website: www.lambdagroup.co.in |
DIRECTOR
AS ON 30.09.2009
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Name : |
Mr. Surinder Goel |
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Designation : |
Director |
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Address: |
H. No. – 11, road No.26, East Punjabi Bagh, |
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Date of Birth/Age : |
25.11.1964 |
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Qualification : |
Graduate |
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Date of Appointment : |
31.07.2008 |
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Name : |
Mr. Kunjan Arora |
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Designation : |
Executive Director |
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Address: |
A-129, Ashoka Enclave, Part – 1, Sector – 37, |
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Date of Birth/Age : |
23.07.1979 |
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Qualification : |
Graduate |
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Date of Appointment : |
31.07.2008 |
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Name : |
Mr. Ramesh Kumar |
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Designation ; |
Managing Director |
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Address: |
A-31, |
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Date of Birth/Age: |
01.12.1950 |
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Date of Appointment : |
31.07.2008 |
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Name: |
Mr. Sunil Goel |
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Designation: |
Director |
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Address: |
11, Gali No.26, East Punjabi Bagh, |
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Date of Birth/Age: |
13.06.1972 |
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Date of Appointment : |
31.07.2008 |
KEY EXECUTIVE
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Name : |
Mr. Kunjan Arora |
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Designation : |
Executive Director |
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Date of Birth/Age : |
34 years |
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Qualification : |
Graduate |
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Experience : |
18 years |
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Name: |
Mr. Raman Uppal |
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Designation: |
President Business Development |
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Mobile No: |
91-9810191919 |
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Name: |
Mr. Nitin Wadhwa |
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Designation: |
Head of Marketing Division |
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Name : |
Mr. Mahendra Bhatia |
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Designation : |
Finance Manager |
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Contact No : |
91-9899222822 |
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Name : |
Ms. Jyoti Swaroop Arora |
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Designation : |
Company Secretary |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2009
|
Names of Shareholders |
No. of Shares |
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Mr. Surinder Kumar Goel |
1810500 |
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Mr. Sunil Goel |
1010000 |
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Mr. Kunjan Arora |
1100000 |
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Mr. Ramesh Kumar |
2650000 |
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Mr. Sunil Gupta |
500 |
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Mrs. Deepti Arora |
1500 |
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Mr. Mahendra Goel |
337500 |
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Mrs. Rajshree Goel |
200000 |
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Mrs. Reena Goel |
200000 |
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Mr. Mahendra Goel (HUF) |
190000 |
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Total |
7500000 |
AS ON 30.09.2009
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Category |
Percentage |
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Directors or relatives of Directors |
100.00 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturing of Telecom accessories that is cable trays, racks,
feeder clamps, telecom shelter, telecom components, quarter wave surge
arrestor, band pass filter etc. |
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Products: |
v
Eco
shelter solution v
Equipment
shelter with PPGI sheet inside and outside v
Static
passive coolers with technology from v Free Running Air
Conditioners. (FRAC)
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Import: |
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Product : |
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Countries: |
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Terms : |
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Selling : |
Cash, Credit |
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Purchasing : |
L/C, Cash, Credit |
GENERAL INFORMATION
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Customers : |
· Local Customers · End Users · MNCS Telecom clients · Ericsson India
Limited, · Bharti · Bharti Cellular
Limited · Bharti Telenet
Limited · Hutchithoson Max
Telecom · · Spice Telecom
Limited · Escotel · Global Telecom
Limited · Lucent
Technologies · Idea Cellular
Limited · Fascel Limited, Broadcast,
Satellite Communication Clients · Andrew
Telecommunication India Private Limited, · Bharat
Electronics Limited, · Indian Telephone
Industries, · STPI, Noida · Zee TV · HFCL · ICOM · Television 18 · Lamhas · Hughes · Essel Shyam · |
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No. of Employees : |
250 [Approximately] |
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Bankers : |
State Bank of State Bank of |
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Facilities : |
Fund Base – Rs.220.000 millions Non Fund Base – 230.000 millions Personal Guarantee - Surinder Goel, Sunil
Goel,Ramesh Kumar, Kunjan Arora. Corporate Guarantee - Lambda Microwaves Private
Limited 3rd Party Guarantee- Senor Craft, Lambda
Microwaves, Lambda Microwave Technologies, Saurabh Engineering Works Credit Limits: SBI: Total Exposure-535.000 Millions CC (Hyp. Of Stock) – 220.000 Millions, CC (Book
Debts Within Hyp. Of Stock)-(200.000) Millions T/L I(Existing)- 10.000 Millions, T/L(New)-
75.000 Millions Lc (Inland/Import/Buyer's Credit)-80.000 Millions., Bg-150.000 Millions
* Secured by way
of equitable mortgage of land and building and first charge on all present and
future assets of the company, personal guarantee of directors and
hypothecation of Stock of Raw Materials, W.I.P., Finished Goods. * * Secured by
way of hypothecation of Vehicle. *** Secured by
way of hypothecation of Vehicle. **** Secured by way of hypothecation of Sales/Purchase Bills. |
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Banking
Relations : |
-- |
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Auditor: |
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Name |
Anil Khatri and Company Chartered Accountant |
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Address : |
V-2, |
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Associates/Subsidiaries/Group Companies: |
v
Lambda
Microwaves Private Limited (LMPL) v
Lambda
Microwave Technologies (LMT) v
Lambda
Televentures Private Limited (LTPL) v
Senor
Telecom Private Limited v
Lamitek
Systems Private Limited (LSPL) v
Tek
4i Solutions v Lambda
Technology Microwave
Components for Defence / RF Absorber / Training Kits Alternative
Energy Solutions/Shelter Security Lambda
Microwaves Private Limited Lambda Eastern
Telecommunication Limited, Kundli Lambda
Televentures Private Limited, Baddi Unit IV Lambda Microwave
Technologies - Unit I Fax: 01792 – 25
30 07 Lambda Microwave
Technologies - Unit II |
CAPITAL STRUCTURE
AS ON 31.03.2010
Authorised Capital : Not Available
Issued, Subscribed & Paid-up Capital : Rs.100.726
Millions
As on 31.03.2009
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10,000,000 |
Equity Shares |
Rs.10/- Each |
Rs.100.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
7,500,000 |
Equity Shares |
Rs.10/- Each |
Rs.75.000 Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
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|
SHAREHOLDERS FUNDS |
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1] Share Capital |
100.726 |
75.000 |
33.107 |
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2] Share Application Money |
0.000 |
13.526 |
0.000 |
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3] Reserves & Surplus |
112.328 |
36.343 |
20.273 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
213.054 |
124.869 |
53.380 |
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LOAN FUNDS |
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1] Secured Loans |
271.738 |
46.036 |
113.550 |
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2] Unsecured Loans |
0.000 |
6.200 |
13.725 |
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TOTAL BORROWING |
271.738 |
52.236 |
127.275 |
|
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DEFERRED TAX LIABILITIES |
0.481 |
0.364 |
0.000 |
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TOTAL |
485.273 |
177.469 |
180.655 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
128.666 |
38.104 |
24.749 |
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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INVESTMENT |
0.000 |
0.000 |
0.000 |
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DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
|
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|
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Inventories |
70.280
|
56.291 |
51.917 |
|
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Sundry Debtors |
577.784
|
382.640 |
189.227 |
|
|
Cash & Bank Balances |
50.224
|
7.030 |
8.440 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
85.863
|
26.677 |
12.153 |
|
Total
Current Assets |
784.151
|
472.638 |
261.737 |
|
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Less : CURRENT LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
316.983 |
105.366 |
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Other Current Liabilities |
430.987
|
14.495 |
8.379 |
|
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Provisions |
7.850
|
10.006 |
0.000 |
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Total
Current Liabilities |
438.837
|
341.484 |
113.745 |
|
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Net Current Assets |
345.314
|
131.154 |
147.992 |
|
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MISCELLANEOUS EXPENSES |
11.293 |
8.211 |
7.914 |
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|
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|
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TOTAL |
485.273 |
17.469 |
180.655 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
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SALES |
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|
|
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Sales |
1668.135 |
779.607 |
376.440 |
|
|
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Other Income |
10.895 |
4.488 |
5.013 |
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TOTAL (A) |
1679.030 |
784.095 |
381.453 |
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Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods Sold |
1319.451 |
628.351 |
294.260 |
|
|
|
Administrative Expenses |
47.390 |
23.962 |
13.407 |
|
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Personal Expenses |
90.229 |
37.594 |
17.570 |
|
|
|
Selling Expenses |
94.055 |
21.337 |
18.798 |
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|
|
TOTAL (B) |
1551.125 |
711.244 |
344.035 |
|
|
|
|
|
|
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Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
127.905 |
72.851 |
37.418 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
24.758 |
20.424 |
10.829 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
103.147 |
52.427 |
26.589 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
10.132 |
4.764 |
6.316 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
93.015 |
47.663 |
20.273 |
|
|
|
|
|
|
|
|
|
Less |
TAX (I) |
17.031 |
9.126 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-I) (J) |
75.984 |
38.537 |
20.273 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
0.043 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
76.000 |
36.300 |
0.000 |
|
|
|
Proposed Dividend |
0.000 |
1.875 |
0.000 |
|
|
|
Tax on Corporate Dividend |
0.000 |
0.319 |
0.000 |
|
|
BALANCE CARRIED
TO THE B/S |
0.027 |
0.043 |
0.000 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total
Income |
(%) |
4.52
|
4.91 |
5.31 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
5.58
|
6.11 |
5.39 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
10.19
|
9.33 |
7.08 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.44
|
0.38 |
0.38 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
3.33
|
3.15 |
4.52 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.79
|
1.38 |
2.30 |
LOCAL AGENCY FURTHER INFORMATION
Trade References :
- Asian Color Coated Ispat Limited,
- Wardhman Industries Limited
Note:
The registered office of the company has been shifted from 11/26, East
Punjabi Bagh,
History:
Subject was
incorporated as a company on July 31, 2008 by conversion under Part IX of
the Companies Act, 1956, of erstwhile partnership firm Lambda Eastern
Telecommunication, a joint stock company within the meaning and preview and as
defined by section 566 of the Companies Act, 1956 for carrying on and
continuing the existing business of the firm as a going concern. The
resolution, for the conversion into a limited company, was passed by the
partners vide settlement deed dated 1st April 2008.
Background :
Subject was incorporated as a company on July 31st, 2008 by conversion under
Part IX of the Companies Act, 1956, of erstwhile partnership firm Lambda
Eastern Telecommunication, a joint stock company within the meaning and purview
and as defined by section 566 of the Companies Act, 1956, for carrying on and
continuing the existing business of the firm as a going concern. The resolution
for conversion into a Limited Company was passed by the partners vide settlement
deed dated 1st April, 2008 and in pursuance of the same the business of the
firm was deemed to be carried on as from the date of settlement deed on
company's behalf and accordingly the said firm was allowed all payments as
expenditure incurred and shall account for all money and other benefits
received by it in relation to such business as from that day. The business,
assets and liabilities of the erstwhile firm MIS Lambda Eastern Telecommunication,
in pursuance of the settlement deed dated 1st April, 2008 was passed and vested
with the company and having regard to the obligation imposed on the company at
their net book value i.e. Total Assets less Total Liabilities. As such the
figures in the financial statements for the year ended 31st March, 2009
represents the period starting from 1st April, 2008 to 31st March, 2009. The
existing partners of the firm as on 1' April, 2008 having defined the capital
into stock of shares acted in dual capacity to become the first shareholders of
the newly incorporated Company in the ratio of their capital. The partners were
allotted 20,00,000 shares of Rs.10/- each in the company in lieu of the fixed
capital held by them as on date of settlement deed dated 1st April, 2008.
Consequent upon the incorporation of the Company viz., MIS Lambda Eastern
Telecommunication Limited, all the assets and liabilities of the firm business
were recorded in the books of the company at book values. The fixed stock of
capital was converted into share capital of the newly incorporated company and
the existing partners became directors to carry out the business of the company
as part of the same management.
[LAMBDA EASTERN
TELECOMMUNICATION]
BALANCE SHEET AS
ON 31.03.2007
(PARTNERSHIP
COMPANY)
|
LIABILITIES |
AMOUNT |
ASSETS |
AMOUNT |
|
Partners Capital Accounts |
14.756 |
Fixed Assets |
14.767 |
|
Secured Loans |
0.417 |
Current Assets /
Sundry Debtors |
12.637 |
|
Unsecured Loans |
14.485 |
Closing Stock |
6.241 |
|
Current
Liabilities & Provisions / Sundry Creditors |
9.576 |
Loans &
Advances |
2.689 |
|
Provisions |
2.695 |
Advance To
Suppliers |
1.128 |
|
|
|
Cash & Bank
Balances |
0.539 |
|
|
|
Misc.
Expenses(Assets) |
3.928 |
|
|
41.929 |
|
41.929 |
|
|
|
|
|
Bankers
Charges Report as per Registry
|
Corporate
identity number of the company |
U64200DL2008PLC181600 |
|
Name of the
company |
LAMBDA EASTERN
TELECOMMUNICATION LIMITED |
|
Address of the
registered office or of the principal place of business in |
11/26, East
Punjabi Bagh, |
|
This form is for |
Creation of
Charge |
|
Type of charge |
· Immovable property · Book debts · Floating charge · Others |
|
Particular of charge
holder |
State Bank of E-Mail: anil.bhandari@sbi.co.in |
|
Nature of
instrument creating charge |
Arrangement
Letter dated: 08.08.2008 Link Letter dated
21.08.2008 C-1 Agreement of
Loan for overall limit dt. 21.08.2008 C-2 Agreement of
Hypothecation of Goods and Assets dt.21.08.2008 C-5 letter
regarding the grant of individual limits within the overall Limits
dt.21.08.2008 CIBIL Consent
Clause, RBI Consent clause Balance
Confirmation letter and other documents |
|
Date of
instrument Creating the charge |
21.08.2008 |
|
Amount secured by
the charge |
Rs.235.800
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of interest 1. Cash credit –
Strategic at 1.00% above SBAR i.e. 13.75%p.a. 2. Term Loan – i)
Existing TL – 12.75% ii) New TL –
Strategic at 1.00% above SBAR i.e. 13.75% p.a. Terms of
repayment i) Existing Term
Loan : altered to Rs.0.612 Million per month in 40 installments on the
present outstanding of Rs.24.500 Millions w.e.f. July 08 against the
originally sanctioned and existing schedule of Rs.0.833 Million per month in
47 installments w.e.f. 01.12.2007 ii) New Term Loan
: In 36 monthly installments of Rs.0.314 Million w.e.f. October 08 Margin Raw Material –
25% Stock in process
– 25% Finished Goods –
25% BG/LC (USANCE 120
Days) – 10% Book debts /
receivables – (Cover Period 120 days) – 40% Term Loan – 33% Extent and
operation of the charge 100% Hypo .of stock
Rs.30.000 Millions Hypo. Of Book
debts Rs.100.000 Millions Letter of Credit
Rs.50.000 Millions B/G Rs.20.000
Millions Term Loan
Rs.35.800 Millions |
|
Particulars of
the property charged |
EM of property
at149, DLF Industrial Area, Ph1, Fbd (1375 sq yd) of Lambda Microwave Private
Limited Liability Company Limited, EM of factory at
Damuwala, Barotiwala and 76A, HPSIDC Industrial Area, Baddi, HP of Lambda
Microwave Technology EM of property at
130/4, DLF Industrial Area, Ph1, Fbd of Lambda Microwave EM of property
at6 130/3-6, DLF Industrial Area, Ph-1, Fbd of Saurabh Arora EM of property at
A-129, Ashoka Enclave Extn, (II), Fbd of Ramesh Kr EM of Property at
118, Sec-21A, Urban Est, Fbd of Kunjan Arora Director Prop at 478 EPIP
Kundli Ijndustrial Area, Sonepat (Sq mt 1827.60) of Suave Apparels Private
Limited |
|
Whether any of
the property or interest therein under reference is not registered in the
name of the company |
Lambda Microwave
Private Limited Lambda Microwave Saurabh Arora Ramesh Kumar Kunjan Arora
Suave Apparels Private Limited |
Fixed Assets:
·
Free hold Land
·
Building
·
Plant and machinery
·
Furniture and Fixture
·
Electrical Fitting
·
Office Equipments
·
Computer
·
Motor Vehicles
ADDITIONAL
INFORMATION
1. The name of the Company is “LAMBDA EASTERN TELECOMMUNICATION
LIMITED”.
A. Memorandum and Articles of Association made and entered this 1st
April, 2008 by and between:
1. Mr. Surinder Goel s/o Sh. Ishwar Chand Goel resident of 11/26, East
Punjab Bagh New Delhi – 110 026, (hereinafter referred to as the Party of the
First Part) (Partner’s Name, Individual)
2. Mr. Sunil Goel s/o Sh. Ishwar Chand Goel resident of 11/26, East
Punjab Bagh New Delhi – 110 026, (hereinafter referred to as the Party of the
Second Part) (Partner’s Name, Individual)
3. Mr. Kunjan Arora s/o Sh. Ramesh Kumar resident of A-129, Ashoka
Enclave, Sector 37, Faridabad – 121 003, Haryana, (hereinafter referred to as
the Party of the Third Part) (Partner’s name individual)
4. Mr. Ramesh Kumar s/o Sh. Devi Dayal resident of A-129, Ashoka
Enclave, Sector 37, Faridabad – 121 003, Haryana, (hereinafter referred to as
the Party of the Fourth Part) (Partner’s name individual)
5. Mr. Rakesh Prakash s/o Sh. Shankar Prakash resident of 408, Sector 22
NIT Faridabad, Haryana (hereinafter referred to as the Party of the Fifth
Part); (Partner’s Name, individual)
6. Ms. Deepti Arora w/o Mr. Kunjan Arora resident of A-129, Ashoka
Enclave, Sector 37, Faridabad – 121 003, Haryana (hereinafter referred to as
the Party of the Sixth Part); (Partner’s Name, individual)
7. Shri Sunil Gupta s/o of Shri Jugal Kishore Gupta at present residing
at House No.52, 3rd Floor, North Avenue Road, West Punjabi Bagh, New
Delhi (hereinafter referred to as the Party of the Seventh Part); (Partner’s
Name, individual)
B. Whereas the partners of the first of fourth parts hereto had been
carrying on the business in partnership / joint stock company of manufacturing
and trading Telecommunication Equipments and Components under the name and
style
The following persons in the said partnership/joint stock company
representing their assets thereof are as follows:
|
Name |
No.of stocks of
Rs.10/-each in the said Joint Stock / Partnership |
Total Amount (in
Millions) |
|
Mr. Surinder Goel |
499500 |
4.995 |
|
Mr. Sunil Goel |
499500 |
4.995 |
|
Mr. Kunjan Arora |
499500 |
4.995 |
|
Mr. Ramesh Kumar |
499500 |
4.995 |
|
Mr. Rakesh Prakash |
500 |
0.005 |
|
Mrs. Deepti Arora |
1000 |
0.010 |
|
Mr. Sunil Gupta |
500 |
0.005 |
|
Total |
2000000 |
20.000 |
AS PER WEBSITE
GROUP:
Lambda Group (Lambda) is trusted name in Indian Telecom Industry. Started in 1995, the group is more than 10 years old. Compliance to ISO procedures endorses Lambda’s quest for quality in everything that’s done.
Their core competence lies in understanding their customers' business in
diversified environments and effectively mapping their solutions and products
to the same.
In telecom world, they are Total Cell Site Solution Providers. From
Civil to Tower Erection, From Electricals to Shelter instalation, From Tower
accessories to GSM Antennas they offer complete Cell Site Solution. They also
provide Gas Based Gensets and are offering O and M Services.
They support the evolution of the solution / products from conception to
implementation and beyond
PRODUCTS AND
SERVICES:
Lambda is emerging as a fast growing dominant player in technology. With
telecom revolution storming the globe, it is important for every one to cope up
with the constant changes in technology to be competitive. Lambda is at the
forefront of the telecom revolution and ensures quick response to market
demands which meet up with the customer’s requirements using eco congenial,
energy effective and cost efficient technologies.
Lambda is a reliable partner in telecom infrastructure products such as
telecom shelters, telecom mobile network accessories, BTS Antenna, Coaxial
Components, Surge Arrester, Telecom Site Security Software and Hardware,
Passive Coolers and Eco–friendly Gas Generator.
Lambda has strong capability for installation and implementing of Cell
Site Solutions. The essence of successfully installing and implementing Cell
Site Solutions is in rendering desired functionality in committed cost and
schedules.
Company Profile:
Subject is a subsidiary of The Lambda Group. The Group is
engaged into multiple activities serving the Telecom Industry.
Subject is headed by a team of experienced telecom
professionals. The company started its design and production activity in
Telecommunication Infrastructure in 2006.
The company started its production from
Today, subject manufactures hundreds of standard and custom
products and employs a staff of engineers, manufacturing personnel and
technical sales executives.
Subject is at the forefront of the telecom revolution and
has demonstrated capability to build robust and innovative solutions to meet
the needs of a continuously evolving industry. They will continue to improve
product and process traceability to ensure quick response to market demands
which meet up with customer's requirements using, eco congenial, energy
effective and cost efficacious technologies.
Milestones
Year Major Achivements and Activities
1996-1997 1. Formation of Senor
Microwaves
i) Development
and Supply of Waveguide Components
ii)
Development and Supply of Telecom Accessories, Microwave Training Kits
1998 1. Formation of Lambda Microwaves
i)
Supply of Bulk Waveguide Components to Puncom (
1999-2002 1. Incorporation of Lambda Microwaves Private Limited Liability Company limited
i)
Supply of 1st Anechoic Chamber in Puncon (
ii)
Supply of Bulk Waveguide Components to Andrews (
iii) Development of Telecom Accessories for Cellular Networks
2003 1. Formation of Senior Telecom Private Limited Liability Company Limited Trading House
2. Formation of R
and D Lab for Microwave Components in Lambda Microwaves Private.
2004 1. Formation of
Lambda Microwaves Technologies, Unit – I at Baddi for supply of T
2005 1. Formation of
Lambda Microwaves Technologies Unit – II, Baddi for supply of Telecom
Accessories
2. Microwave
Components for
3. Supply and
Installations of Anechoic Chamber at Air Force Station Sirsa.
2006 1. Formation of
Lambda Eastern Telecommunication, Kundli for Production of Telecom Shelters
2. Opening of
Marketing Office at Gurgaon
3.
Recognisation of Lambda Microwaves Private Limited by DSIR as R and D Lab
4. Supply and
Installation of Anechoic Chamber at Air Force Station
2007 1. Formation of
Lambda Televenture – Antenna Production Unit at Baddi and TOT with
AerialCom,
2. Formation
of Teki4i Solutions on alternative energy solutions
3. Supply and
Installtion of anechoic Chamber at Airforce Station Srinagar
4. BSNL
Approved Supply of telecom Shelters through Lambda Eastern Telecommunication
5. BSNL
Approved supply of GSM Antenna through Lambda Microwaves Technologies.
6. Supply and
Installations of Anechoic Chamber at DLJ (DRDO)
2008 1. Formation of
Lambda Eastern Telecommuincation Limited
2. Supply of
Microwave Industrial Dryer for Oil Seeds
3. Successful
Launch of ISONIS Telecom Shelter Security
4. Successful
Trial of PNG Set
5. Supply and
Installtion of Anechoic Chamber at HAL
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] 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.44.41 |
|
|
1 |
Rs.70.95 |
|
Euro |
1 |
Rs.63.62 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--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 |
|
45 |
This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this
report. The assessed factors and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
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.