MIRA INFORM REPORT

 

 

Report Date :

01.06.2012

 

IDENTIFICATION DETAILS

 

Name :

ARICENT HOLDINGS LUXEMBOURG SĀRL

 

 

Registered Office :

61, Rue de Rollingergrund, 2240 Luxembourg

 

 

Country :

Luxembourg

 

 

Financials (as on) :

31.03.2011

 

 

Date of Incorporation :

10.03.2006

 

 

Legal Form :

Société ā responsabilité limitée (Limited Liability Company)

 

 

Line of Business :

Worldwide in the communication technology.

 

 

No. of Employees :

Not Available

 

 

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

 

Status :

Good

Payment Behaviour :

No complaints

Litigation :

Clear

 

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 – March 31st, 2012

 

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

Luxembourg

A2

A2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 


Company identification

 

Aricent Holdings Luxembourg Sārl

61, Rue de Rollingergrund

2240 Luxembourg

Luxembourg

 

Phone

 

Fax

 

E-Mail

 

Internet

www.aricent.com

 

 

 

Trade Register

Luxembourg B 116.292

Fiscal number

 

VAT N°

 

 

 

Structural data

 

Legal form

 

Société ā responsabilité limitée

 

 

Foundation

 

10.03.2006 as Société ā responsabilité limitée

Company age: 6 years

 

 

Trade register

 

10.03.2006, RC Luxembourg, B 116.292

 

 

History

 

Date

Reason

Change

10.03.2006

First entry

as Sarl, RC Luxembourg, B 116.292

09.07.2007

Change of name

previous legal form: SDS Luxembourg Sārl

 

Capital indiciation

 

Capital

5.000.000,00 EUR

 

 

 

Shareholders and Capital

 

 

Name / Address / Status

Participating since

Share

Shareholder

Aricent Holdings (Gibraltar) Limited

Gibraltar, Gibraltar

15.11.2006

100,00 %

share capital

5.000.000 EUR

 

 

Management and power of representation

 

 

Name / Address / Status

Participating since

Power of representation

Manager

Dr. Wolfgang Michael Zettel, born 15.11.1962

1833 Luxembourg, 35, Bld Gustave Jacquemart

Stefan Gerhard Lambert, born 08.01.1964

54298 Igel, Amselweg 24, Germany

Shawn M. Soderberg, born 18.12.1960

East Brunswick, NJ, United States of America

Miguel Lopez, born 04.06.1959 04.02.2012

East Brunswick, NJ, United States of America

Thomas E. Zajkowski 24.12.2010

East Brunswick, NJ, United States of America resigned on 03.02.2012

 

 

Business activity

 

Registered business objective

Holding company.

Licensing for Software products.

Subject company is part of the ‘Aricent Group’, USA-East Brunswich, NJ, active world wide in the communication technology.

 

Classification of the industrial sectors, NACELUX 1.1

NACELUX 1.1

Description

Ranking

74.150

Management activities of holding companies

 

Business figures

Staff and Annual Sales

 

Note about staff:

whether and to what extent subject employs external staff could not be ascertained

 

 

Fiscal year

Kind of annual sales

01.04.2010 - 31.03.2011

01.04.2009 - 31.03.2010

01.04.2008 - 31.03.2009

01.04.2007 - 31.03.2008

Annual sales

21.255.239 EUR

19.850.150 EUR

23.941.759 EUR

0 EUR

 

 

 

 

Company balance sheet

 

Balance sheet

Type of account:

Annual report

 

Legal system

HGB

Reporting period

01.04.2010 - 31.03.2011

Assets

in EUR

Balance sheet total

84.977.239,40

Concessions and industrial rights

3.011.189,41

Shares in afffiliated companies

50.006.248,86

Accounts receivable

7.238.768,94

Receivables from affiliates

22.028.958,14

Other assets

40.155,49

Cheque, cash in hand and in banks

2.651.918,56

Liabilities

in EUR

Balance sheet total

84.977.239,40

Subscribed capital, credit balance, capital accounts

5.000.000,00

Capital reserves

36.369.927,38

Legal reserves

500.000,00

Profit carried forward

27.329.142,03

Net profit

5.019.427,17

Tax provisions

927.136,50

Other provisions

2.855.756,82

Accounts payable

440.792,05

Liabilities towards affiliates

5.548.279,06

Other liabilities

363.020,06

Deferred items - liabilities -

623.758,33

 

 

Profit and Loss Account

 

Calculation type:

Total expenditure format

 

Legal system

HGB

Reporting period

01.04.2010 - 31.03.2011

 

in EUR

Sales revenues

21.255.239,47

Change in stock (+/-)

-636.344,48

Own work capitalized

0,00

Other operating income

1.432.242,71

Cost of materials

0,00

Gross result

22.051.137,70

Staff costs

0,00

Depreciations

1.000.670,69

Other operating expenses

18.708.082,20

Operating result

2.342.384,81

Income from participations

0,00

Interests and similar income

3.865.637,68

Interests and similar expenses

18.832,61

Interest income

3.846.805,07

Result on ordinary activities

6.189.189,88

Extraordinary result

0,00

Taxes on income

555.163,00

Other taxes

614.599,71

Other balance sheet items that change the annual result

0,00

Net profit / net loss

5.019.427,17

Changes following annual result

0,00

Balance sheet profit / balance sheet loss

5.019.427,17

 

 

Balance sheet ratios

 

 

Reporting period

01.04.2010 - 31.03.2011

Financial position

 

Equity ratio (%)

87,34

Net asset position

 

Short term capital commitment (%)

3,78

Capital turnover

0,25

Earnings position

 

Return on assets (%)

5,93

Net profit ratio (%)

10,93

 

 

Additional information

 

Remarks

An official telephone extension is not known.

Participation:

- Aricent US Inc., USA- Delaware (100%)

 

 

Bankers

 

A bank connection is not known.

Payment information and assessment of business connections

Payment behaviour and Credit Opinion

Payment behaviour

Within agreed terms

 

 

 

Negative facts

 

There are no negative facts.


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.55.91

UK Pound

1

Rs.86.03

Euro

1

Rs.69.12

 

 

INFORMATION DETAILS

 

Report Prepared by :

PDT

 

 

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 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%)

 

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

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.