MIRA
INFORM REPORT
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Report Date : |
28.11.2011 |
IDENTIFICATION DETAILS
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Name : |
ANDA TELECOM PRIVATE LIMITED |
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Registered
Office : |
E-36, Amar Colony, Lajpat Nagar - IV, |
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Country : |
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Financials (as
on) : |
31.03.2011 |
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Date of
Incorporation : |
13.12.2004 |
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Com. Reg. No.: |
55-131212 |
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Capital
Investment / Paid-up Capital : |
Rs.0.100 Million |
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CIN No.: [Company Identification
No.] |
U64202DL2004PTC131212 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Trading of Telecom Equipments |
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No. of Employees
: |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
Ba [46] |
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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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USD 84000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Subject is an
established company having satisfactory track. 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 – September 30, 2011
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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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 |
LOCATIONS
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Registered / Corporate Office : |
E-36, Amar Colony, Lajpat Nagar - IV, |
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Tel. No.: |
91-11-41323629 |
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Fax No.: |
Not Available |
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E-Mail : |
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Website : |
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Overseas Office : |
Located at
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Zonal Office : |
Located at North Zone
West Zone
South Zone
Central Zone Eastern Zone
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DIRECTORS
As on 30.09.2011
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Name : |
Mr. Harish Gupta |
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Designation : |
Managing Director |
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Address : |
E-36, Amar Colony, Lajpat Nagar - IV, |
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Date of Birth/Age : |
01.05.1959 |
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Date of Appointment : |
13.12.2004 |
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DIN : |
01054370 |
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Name : |
Ms Neelam Gupta |
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Designation : |
Director |
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Address : |
E-36, Amar Colony, Lajpat Nagar - IV, |
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Date of Birth/Age : |
19.05.1960 |
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Date of Appointment : |
13.12.2004 |
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DIN : |
02122908 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2011
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Names of Shareholders |
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No. of Shares |
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Harish Gupta |
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9000 |
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Neelam Gupta |
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1000 |
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Total |
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10000 |
As on 30.09.2011
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Equity Share
Break Up 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 : |
Trading of Telecom Equipments |
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Products : |
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GENERAL INFORMATION
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No. of Employees : |
Not Available |
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Bankers : |
Corporation Bank, 104, 1st Ffloor Sector-B,
Pocket 8 and 9 CSC Vasant Kunj, New Delhi - 110070, India |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
K.S. Deogun and Associates Chartered Accountants |
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Address : |
910 Vishal Tower, |
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Tel. No.: |
91-11-25593006 / 25548931 |
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Mobile No.: |
91-9810088784 |
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E-Mail : |
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PAN : |
AAAPD3744N |
CAPITAL STRUCTURE
As on 30.09.2011
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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10,000 |
Equity Shares |
Rs.10/- each |
Rs.0.100 million |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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10,000 |
Equity Shares |
Rs.10/- each |
Rs.0.100 million |
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FINANCIAL DATA
[all figures are in
Rupees Millions]
ABRIDGED BALANCE
SHEET
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Particulars |
31.03.2011 |
31.03.2010 |
31.03.2009 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
0.100 |
0.100 |
0.100 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
20.987 |
14.630 |
8.309 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
21.087 |
14.730 |
8.409 |
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LOAN FUNDS |
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1] Secured Loans |
5.455 |
1.775 |
1.893 |
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2] Unsecured Loans |
0.000 |
0.175 |
0.175 |
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TOTAL BORROWING |
5.455 |
1.950 |
2.068 |
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DEFERRED TAX LIABILITIES |
0.058 |
0.021 |
0.010 |
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TOTAL |
26.600 |
16.701 |
10.487 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
2.557 |
0.571 |
0.486 |
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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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Inventories |
0.307
|
0.250 |
0.611 |
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Sundry Debtors |
17.101
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11.693 |
13.758 |
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Cash & Bank Balances |
1.210
|
0.281 |
0.024 |
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Other Current Assets |
0.000
|
0.480 |
4.445 |
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Loans & Advances |
16.147
|
13.222 |
0.000 |
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Total
Current Assets |
34.765
|
25.926 |
18.838 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Sundry Creditors |
8.925
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8.314 |
6.902 |
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Other Current Liabilities |
0.982
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0.593 |
0.993 |
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Provisions |
0.815
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0.889 |
0.942 |
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Total
Current Liabilities |
10.722
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9.796 |
8.837 |
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Net Current Assets |
24.043
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16.130 |
10.001 |
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MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
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TOTAL |
26.600 |
16.701 |
10.487 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
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TRUNOVER |
35.492 |
34.435 |
37.075 |
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PROFIT / [LOSS]
BEFORE TAX |
9.318 |
9.307 |
6.601 |
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Less |
TAX |
2.961 |
2.986 |
2.205 |
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PROFIT / [LOSS]
AFTER TAX |
6.357 |
6.321 |
4.396 |
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BALANCE CARRIED
TO THE B/S |
6.357 |
6.321 |
4.396 |
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Earnings/[Loss]
Per Share (Rs.) |
635.70 |
632.00 |
439.00 |
KEY RATIOS
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PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
24.97
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35.12 |
34.16 |
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Return on Investment (ROI) (PBT/Networth) |
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0.44
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0.63 |
0.78 |
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Debt Equity Ratio (Total Liability/Networth) |
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0.77
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0.80 |
1.29 |
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Current Ratio (Current Asset/Current Liability) |
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3.24
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2.65 |
2.13 |
LOCAL AGENCY FURTHER INFORMATION
Bankers Charges
Report as per Registry
|
Corporate
identity number of the company |
U64202DL2004PTC131212 |
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Name of the
company |
ANDA TELECOM
PRIVATE LIMITED |
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Address of the
registered office or of the principal place of business in |
E-36, Amar
Colony, Lajpat Nagar, |
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This form is for |
Creation of
charge |
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Type of charge |
Others |
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Particular of
charge holder |
Corporation Bank, 104, 1st Ffloor Sector-B, Pocket 8 and 9 CSC Vasant Kunj, New Delhi - 110070, India Email : mallyashenoyca@rediffmail.com
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|
Nature of instrument
creating charge |
Agreement for
hypothecation of vehicles and agreement
for Term loan. |
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Date of
instrument Creating the charge |
13.04.2011 |
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Amount secured by
the charge |
Rs. 1.200
millions |
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Brief of the principal
terms an conditions and extent and operation of the charge |
Rate of Interest
- ROI shall be charged @ 8% p.a. being 4% below/ over and above the COBAR
rate which is 12% p.a. as present raising or falling therewith compounded
monthly rests. Terms of
Repayment - The Corporate Vehicles Loan shall be repaid in 60 EMI of
Rs.24332/- Margin – 40% Extent and
Operation of the charge - 100% charge in favour of Corporation Bank. |
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Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
Hypothecation
of Toyota Fortuner Car Costing Rs.2.090 millions From
Galaxy |
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.52.16 |
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|
1 |
Rs.80.64 |
|
Euro |
1 |
Rs.69.42 |
SCORE & RATING EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
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PAID-UP CAPITAL |
1~10 |
5 |
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OPERATING SCALE |
1~10 |
5 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
5 |
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--PROFITABILIRY |
1~10 |
5 |
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--LIQUIDITY |
1~10 |
5 |
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--LEVERAGE |
1~10 |
5 |
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--RESERVES |
1~10 |
6 |
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--CREDIT LINES |
1~10 |
5 |
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--MARGINS |
-5~5 |
- |
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DEMERIT POINTS |
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--BANK CHARGES |
YES/NO |
YES |
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--LITIGATION |
YES/NO |
NO |
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--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
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MERIT POINTS |
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--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
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--EXPORT ACTIVITIES |
YES/NO |
NO |
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--AFFILIATION |
YES/NO |
NO |
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--LISTED |
YES/NO |
NO |
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--OTHER MERIT FACTORS |
YES/NO |
YES |
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TOTAL |
|
46 |
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.