MIRA INFORM REPORT

 

 

Report Date :

28.05.2012

 

IDENTIFICATION DETAILS

 

Name :

ASTER TELESERVICES LANKA (PVT) LTD

 

 

Registered Office :

# 42/14, Ananda Coomaraswamy Mawatha, Colombo 03

 

 

Country :

Sri Lanka

 

 

Date of Incorporation :

14.01.2008

 

 

Com. Reg. No.:

PV 62700

 

 

Legal Form :

Private Limited Liability Company 

 

 

Line of Business :

Services provider of tower foundation like TND and Telecom

 

 

No. of Employees :

15

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

 

 

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)

Sri Lanka

A2

A2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

GENERAL- Basic information at a glance

     

Name of Subject of Inquiry

:

ASTER TELESERVICES LANKA (PVT) LTD

 

Legal Form  & Status

:

Private Limited Liability Company  (In Operation)

Managing Director

:

P.K. Naidu Maradana

Primary Line of Business

:

Engineering Services

Head office

&

Place of Business

 

:

 

# 42/14, Ananda Coomaraswamy Mawatha,

Colombo 03

Sri Lanka.

 

Tel.Fax No: (00 94 11) 256 4433

 

Email: thilinib@atspl.com

Location: owned

No. of Employees

:

15

           

 

COMPANY DETAILS- Registration and Shareholder Details

 

Registration No

:

 PV 62700

Date of Registration

 

14th January 2008

Registered Office

:

# 42/14, Ananda Coomaraswamy Mawatha, Colombo 03

Board of Directors

As at

30th September 2011

:

P.K. Naidu Maradana

Managing Director

S. Sheshadri Raman

Director

Issued Share Capital

:

Rs.    27,255,000.00              

Nominal Value of Share

:

Rs.    10.00                    

 

Share Holders

As at

30th September 2011

:

Share Holders

No. of

Shares

Aster (Pvt) Ltd

2,725,549

K. Rao Uppala

01

Auditors

:

SJMS Associates

Company Secretaries

:

A.S. Christopher Kingsley

Bankers

:

State Bank of India, Colombo

Facility Overdraft : Rs. 2.000 Millions

Terms of Purchase

:

Credit, L/C

Terms of Sale

:

Credit, L/C

Customer Types        

:

·         OEM’s

Sister Concern

:

·         Aster Private Limited

Aster Teleservices Nepal Private limited

 

 

Information Parted By:

 

Name               : Mr. Srinivasan

Designation     : Finance Manager

Mobile No.       : 0094-777990425

Date                 : 26.05.2012

 

 

FINANCIAL DETAILS - Most recent available Financial Information

 

(Amount in currency LKR Millions)

 

31.03.2012

31.03.2011

A

Revenue

:

5.000

3.250

 

 

CURRENT INVESTIGATION                      

 

                                                         Aster Private Limited Logo  

                                                                Company Logo

 

·         History

                    The Subject Company ASTER TELESERVICES LANKA (PVT) LTD is a Private    Limited   liability Company incorporated on 14th January 2008 under registration number PV 62700.

 

·         Location.

The subject company is located at client given address # 42/14, Ananda Coomaraswamy Mawatha, Colombo 03

 

·         Operational Details.

 

General

             The subject company primary line of business is Engineering Services

 

            Products & Services

                  Design and Supply of Transmission Towers

                  Transmission Lines Construction

                  Transformers

                  Telecom Project Management Services

                  Engineering Services

                  Operations & Maintenance

                  Telecom Shelters

                  Railway Structural Projects

                  Power Plant Structures

 

Country

India, Middle East and Africa

 

Employees

                    15

 

·         Directors Details

 

         01)

Name

P.K. Naidu Maradana

PP Number

H 5020128

Nationality

Indian

 

         02)

Name

S. Sheshadri Raman

PP Number

J 5063599

Nationality

Indian

 

·         Trade references

Huawei Technologies Lanka Company Private Limited

 

·         Credit Recommendations

                   Since no financial information has been forthcoming from the company, it is not possible to comment on the merits or otherwise of the company.

 

No computerised data bases exist to make checks whether the partners or the company has any legal action or lawsuit initiated against any of them but informal (but not in-depth) checks do not indicate any such cases in the public knowledge.

 

 

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.55.73

UK Pound

1

Rs.87.26

Euro

1

Rs.69.89

 

INFORMATION DETAILS

 

Report Prepared by :

MNL

 

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.