|
Report Date : |
06.09.2013 |
IDENTIFICATION DETAILS
|
Name : |
AIRCEL LIMITED (w.e.f. 28.10.1999) |
|
|
|
|
Formerly Known
As : |
SRINIVAS CELLCON LIMITED |
|
|
|
|
Registered
Office : |
|
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.12.2011 |
|
|
|
|
Date of
Incorporation : |
20.12.1994 |
|
|
|
|
Com. Reg. No.: |
18-029608 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 81848.479 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U32201TN1994PLC029608 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
CHES05271A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACS4449J |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Trader, Exporter and Importer of Telecommunication Instruments
Including Wireless Telephones, Cellular Mobiles Phones and Services. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (28) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 190000000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Exists |
|
|
|
|
Comments : |
Subject is an established company having moderate track record. There appears huge accumulated losses recorded by the company.
Profitability of the company is under pressure However, trade relations are fair. Business is active. Payment terms
are slow but correct. The company can be considered for business dealing with some
caution. |
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, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
We are living in a
world where volatility and uncertainty have become the New Normal. We saw a
change of government in countries like Tunisia, Egypt, Libya and Vietnam. Once
powerful countries in Europe are now fighting for bankruptcy. We have
taken growth in the developing part of the world for granted but economic
growth in China and India has begun to slow. Companies that were synonymous
with their product categories just a few years ago are now no longer in
existence. Kodak, the inventor of the digital camera had to wind up its
operations, HMV, the British entertainment retailing company and Borders, once
the second largest bookstore have shut down due to their inability to evolve
their business models with the changing time. Readers’ Digest, Thomson Register
are no more !
There is another
megatrend happening. The World order is changing as economic power shifts from
West to East. According to McKinsey study, it took Britain more than 100 years
to double its economic output per person during its industrial revolution and
the US later took more than 50 years to do the same. More than a century later,
China and India have doubled their GDP per capital in 12 and 18 years
respectively. By 2020, emerging Asia will become the world’s largest consuming
block, overtaking North America.
The years after the
outbreak of the global financial crisis, the world economy continues to remain
fragile. The Indian economy demonstrated remarkable resilience in the initial
years of the contagion but finally lost ground last year. GDP growth slowed
down. Currency has been weakening. There is a marked deceleration in agriculture,
industry and services. Dampening sentiment led to a cut-back in investment as
well as private consumption expenditure. Inflation remained at high
levels fuelled by the pressure from the food and fuel sectors. The large fiscal
and current account deficit s continued to cause grave concern. It is
imperative that India regains its growth trajectory of 8-9 % sooner than later.
This is crucially important given the need to create gainful livelihood
opportunities for the millions living in poverty as also the large contingent
of young people joining the job market every year.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
Fund based/ non-fund based limits: BBB- |
|
Rating Explanation |
Moderate credit quality and average credit
risk. |
|
Date |
16.07.2013 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
INFORMATION DENIED BY
Management non co-operative.
91-44-28490849
LOCATIONS
|
Registered Office : |
Spencer Plaza, 769, Anna Salai, Chennai 600 0002, Tamilnadu, india |
|
Tel. No.: |
91-44-28490849 |
|
Fax No.: |
91-44-28496769 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Head Office : |
Opus Centre, 47, Central Road, Opposite Hotel Tunga Paradise,
M.I.D.C., Andheri (East), Mumbai – 400093, Maharashtra, India |
|
E-Mail : |
|
|
|
|
|
Telecomm Circles: |
Located at: · Assam · Bihar · Chennai · Delhi · Gujarat · Haryana · Kerala · Kolkata · Mumbai · Orissa · Punjab · UP East · UP West |
DIRECTORS
As on: 27.03.2012
|
Name : |
Mr. Beng Chee Chan |
|
Designation : |
Director |
|
Address : |
3, Jalan TR 6/1. Trop |
|
Date of Birth/Age : |
23.08.1955 |
|
Date of Appointment : |
06.01.2006 |
|
DIN No.: |
01288817 |
|
|
|
|
Name : |
Ms. Suneeta Reddy |
|
Designation : |
Director |
|
Address : |
No.5, |
|
Date of Birth/Age : |
03.04.1959 |
|
Date of Appointment : |
21.03.2006 |
|
DIN No.: |
00001873 |
|
|
|
|
Name : |
Dr. Fahad Hussain S Mushayt |
|
Designation : |
Director |
|
Address : |
No.10, King Abdullah Road, Alworood, P.O. Box Riyadh – 365392, Saudi Arebia |
|
Date of Birth/Age : |
24.09.1968 |
|
Date of Appointment : |
02.02.2011 |
|
DIN No.: |
03404769 |
|
|
|
|
Name : |
Mr. Bhaskara Nageswararao Mandavilli |
|
Designation : |
Director |
|
Address : |
Flat No. A, 906, Purva Heights, 14, Bannerghatta Road, Bilekahalli – 560076, Bangalore, India |
|
Date of Birth/Age : |
19.06.1948 |
|
Date of Appointment : |
14.02.2012 |
|
DIN No.: |
00287260 |
KEY EXECUTIVES
|
Name : |
Mr. Nischchint Khanna |
|
Designation : |
Manager |
|
Address : |
A-76, Ashok Vihar, |
|
Date of Birth/Age : |
30.01.1965 |
|
Date of Appointment : |
19.03.2009 |
|
Pan No. : |
AAUPK7488C |
|
|
|
|
Name : |
Mr. Radhakrishnan Vijayakrishnan |
|
Designation : |
Secretary |
|
Address : |
66-C, Padmavathy Nagar, Virugambakkam, Chennai – 600092, |
|
Date of Birth/Age : |
19.06.1976 |
|
Date of Appointment : |
14.03.2007 |
|
Pan No. : |
AEOPV0833N |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 27.03.2012
|
Names of Shareholders |
|
No. of Shares |
|
Global Communication Services Holdings Limited, |
|
158108103 |
|
Deccan Digital Networks Private Limited, |
|
85135135 |
|
Global Communication Services Holdings Limited / JT Maxis SMS Games
SDN BHD, |
|
1 |
|
Global Communication Services Holdings Limited / JT Maxis Data Services
SDN BHD, |
|
1 |
|
Global Communication Services Holdings Limited / JT Maxis Events SDN
BHD, |
|
1 |
|
Global Communication Services Holdings Limited / JT Hotlink
Telecommunications SDN BHD, |
|
1 |
|
Global Communication Services Holdings Limited / JT Maxis One Club SDN
BHD, |
|
1 |
|
|
|
|
|
Total |
|
243243243 |
|
Names of Preferenceshares |
|
No. of Shares |
|
Global Communication Services Holdings Limited, |
|
8091527200 |
|
TOTAL |
|
8091527200 |
Equity Share Break up (Percentage of Total Equity)
As on: 27.03.2012
|
Category |
|
Percentage |
|
|
|
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
|
65.00 |
|
Bodies corporate |
|
35.00 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader, Exporter and Importer of Telecommunication Instruments
Including Wireless Telephones, Cellular Mobiles Phones and Services. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Bankers : |
· Axis Bank Limited, 4/10, OPG House, Asaf Ali Road, New Delhi - 110002, Delhi, India
|
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Facilities : |
(Rs.
In Millions)
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Price Waterhouse Chartered Accountants |
|
Address : |
Building No. 8, 7th and 8th Floor Tower - B, DLF Cyber City Gurgaon, India |
|
PAN No.: |
AAFFP3698A |
|
|
|
|
Ultimate Holding Company : |
|
|
|
|
|
Intermediate Holding Company : |
|
|
|
|
|
Subsidiary Companies : |
CIN
No. : U74999TN1998PLC040075
CIN
No. : U74999TN1992PLC039395 |
|
|
|
|
Entity exercising significance influence : |
|
|
|
|
|
Fellow Subsidiaries : |
|
CAPITAL STRUCTURE
As on: 27.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000000000 |
Equity Shares |
Rs.10/- each |
Rs.50000.000 millions |
|
15000000000 |
Preference Shares |
Rs.10/- each |
Rs.150000.000 millions |
|
|
|
|
Rs.200000.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
243243243 |
Equity Shares |
Rs.10/- each |
Rs. 2432.432
Millions |
|
8091527200 |
Preference Shares |
Rs.10/- each |
Rs.
80915.272 Millions |
|
|
|
|
Rs. 83347.704 Millions |
As on: 31.12.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000000000 |
Equity Shares |
Rs.10/- each |
Rs.50000.000 millions |
|
15000000000 |
Preference Shares |
Rs.10/- each |
Rs.150000.000 millions |
|
|
|
|
Rs.200000.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
243243243 |
Equity Shares |
Rs.10/- each |
Rs. 2432.432
Millions |
|
7941604700 |
Preference Shares |
Rs.10/- each |
Rs.
79416.047 Millions |
|
|
|
|
Rs. 81848.479 Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.12.2011 |
31.12.2010 |
31.12.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
81848.479 |
27267.338 |
25896.182 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
11875.392 |
11875.393 |
11875.393 |
|
|
4] (Accumulated Losses) |
(44695.060) |
(12258.688) |
(6369.974) |
|
|
NETWORTH |
49028.811 |
26884.043 |
31401.601 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
96642.047 |
67166.650 |
87450.733 |
|
|
2] Unsecured Loans |
9550.000 |
105300.000 |
4254.566 |
|
|
TOTAL BORROWING |
106192.047 |
172466.650 |
91705.299 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
155220.858 |
199350.693 |
123106.900 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
112988.161 |
61286.806 |
50505.270 |
|
|
Capital work-in-progress |
44461.971 |
92988.586 |
9441.081 |
|
|
|
|
|
|
|
|
INVESTMENT |
14838.131 |
17838.130 |
4838.130 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
52.041
|
61.477
|
49.979 |
|
|
Sundry Debtors |
1516.070
|
1501.698
|
397.155 |
|
|
Cash & Bank Balances |
410.996
|
656.115
|
15082.823 |
|
|
Other Current Assets |
3.211
|
3.751
|
22.843 |
|
|
Loans & Advances |
33779.121
|
71262.378
|
72702.170 |
|
Total
Current Assets |
35761.439
|
73485.419
|
88254.970 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
37043.623
|
30904.373
|
26497.409 |
|
|
Other Current Liabilities |
15538.673
|
14996.414
|
2388.817 |
|
|
Provisions |
246.548
|
347.461
|
1046.325 |
|
Total
Current Liabilities |
52828.844
|
46248.248
|
29932.551 |
|
|
Net Current Assets |
(17067.405)
|
27237.171
|
58322.419 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
155220.858 |
199350.692 |
123106.900 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.12.2011 |
31.12.2010 |
31.12.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Service Revenue |
29585.035 |
24456.162 |
16824.722 |
|
|
|
|
0.000 |
0.000 |
11.604 |
|
|
|
Other Income |
642.851 |
10855.676 |
435.248 |
|
|
|
TOTAL (A) |
30227.886 |
35311.838 |
17271.574 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Consumption materials changes inventories |
179.570 |
210.938 |
191.222 |
|
|
|
Manufacturing service costs |
24169.552 |
18942.732 |
11.180 |
|
|
|
Employee related expenses |
3489.860 |
2744.915 |
3227.556 |
|
|
|
Administrative selling other expenses |
9077.097 |
11416.596 |
6028.804 |
|
|
|
Prior Period Expenses |
0.000 |
15.804 |
142.910 |
|
|
|
TOTAL (B) |
36916.079 |
33330.985 |
20136.222 |
|
|
|
|
|
|
|
|
Less |
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
(6688.193) |
1980.853 |
(2864.648) |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
10269.184 |
10678.376 |
7201.389 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
(16957.377) |
(8697.523) |
(10066.037) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
15409.380 |
6990.671 |
4296.616 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX (E-F) (G) |
(32366.757) |
(15688.194) |
(14362.653) |
|
|
|
|
|
|
|
|
|
Less |
TAX (I) |
0.000 |
0.000 |
(327.428) |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
AFTER TAX (G-I) (J) |
(32366.757) |
(15688.194) |
(14035.225) |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
(22058.169) |
(6369.975) |
7665.250 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
(54424.926) |
(22058.169) |
(6369.975) |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Roaming Revenue |
85.908 |
56.588 |
34.039 |
|
|
TOTAL EARNINGS |
85.908 |
56.588 |
34.039 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Capital Goods |
6266.966 |
7771.266 |
9019.907 |
|
|
TOTAL IMPORTS |
6266.966 |
7771.266 |
9019.907 |
|
|
|
|
|
|
|
|
|
|
Earnings/loss
Per Share (Rs.) |
(133.06) |
(64.51) |
(57.70) |
|
KEY RATIOS
|
PARTICULARS |
|
31.12.2011 |
31.12.2010 |
31.12.2009 |
|
PAT / Total Income |
(%) |
(107.08) |
(44.43)
|
(81.26) |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
(109.40) |
(64.14)
|
(85.37) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(21.76) |
(11.64)
|
(10.35) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.67) |
(0.58)
|
(0.46) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
2.17 |
6.41
|
2.92 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.68 |
1.59
|
2.95 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info
Agents |
Available in Report
(Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact person |
No |
|
11] |
Turnover of firm for last three years |
Yes |
|
12] |
Profitability for last three years |
Yes |
|
13] |
Reasons for variation <> 20% |
-- |
|
14] |
Estimation for coming financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details (if applicable) |
No |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm / promoter involved in |
Yes |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking account |
-- |
|
26] |
Buyer visit details |
-- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if applicable |
Yes |
|
29] |
Last accounts filed at ROC |
Yes |
|
30] |
Major Shareholders, if available |
Yes |
|
31] |
Date of Birth of Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
Yes |
Profile
|
Client Industry |
Telecom Services |
|
Client's discipline |
-- |
General
|
The growth of the client's industry is best described as: |
Growing |
|
Brief description of the services and/or goods the client provides to the marketplace: |
Providing Cellular mobile telephone services |
|
What is the legal structure of the client? |
Subsidiary of a parent co |
|
What type of company is the client? |
Private |
Credit Rating
|
Client's debt tracked by a credit rating agency? |
Yes |
|
Name of credit rating agency: |
ICRA |
|
Credit rating class provided by credit rating agency: |
Investment Grade |
|
Client credit rating: |
BBB- |
|
Report on credit worthiness of client purchased from: |
Not obtained |
Client Financials
|
Does the client have a credit facility? |
YES |
|
Do you have financial information on this client? |
YES |
|
Credit facility type: |
Secured/Unsecured |
|
Amount of credit facility: |
Secured :Rs.96642.047 Millions Unsecured :Rs.9550.000 Millions |
|
Currency of financial statements/data: |
INR Millions |
|
Annualized revenues: |
Rs.29585.035 Millions |
|
Annualized COGS: |
Rs.179.570 Millions |
|
Annualized EBITDA: |
Rs.(6688.193) Millions |
|
Annualized net income: |
Rs.(32366.757) Millions |
|
Cash balance: |
Rs.11.983 Millions |
|
Marketable Securities balance: |
-- |
|
Accounts Receivable balance: |
Rs.1516.070 Millions |
|
Current Assets balance: |
Rs.35761.439 Millions |
|
Total assets balance: |
Rs.155220.858 Millions |
|
Current Liabilities balance: |
Rs.52828.844 Millions |
|
Long-Term Debt balance: |
-- |
|
Equity balance: |
Rs.49028.811 Millions |
|
Net cash provided by operating activities: |
Rs.(5955.525) Millions |
|
Date of client's financial data populated: |
31.12.2011 |
|
Financial information provided above audited? |
YES |
CASE STATUS
|
Case Status: |
Pending |
|
Status Of: |
COMPANY PETITION |
|
Case No.: |
69 |
|
Year : |
2012 |
|
Petitioner : |
TELE ACCESS E-SERVICES |
|
Respondent : |
AIRCEL LIMITED |
|
Pet's Advocate : |
M/S.N.V.S. AND ASSOCIATE |
|
Res's Advocate : |
M/S.Y.N.VENKATRAJ |
|
Category : |
NO CATEGORY MENTIONED |
|
|
Last Listed on: No Date Mentioned |
|
Case Updated on : |
Jul 26 2012 |
UNSECURED LOAN
(Rs. In Millions)
|
Particulars |
As on 31.12.2011 |
As on 31.12.2010 |
|
Rupee term loans banks unsecured |
9550.000 |
59900.000 |
|
Other debt unsecured |
0.000 |
45400.000 |
|
|
|
|
|
Total |
9550.000 |
105300.000 |
PRESS RELEASE
AIRCEL LAUNCHES EXCITING
'FUCCHA PACK' FOR COLLEGE STUDENTS IN DELHI
Aircel, one of the leading telecom players, launched exciting and best value for money product for the college students in Delhi - 'Fuccha Pack'. The product will benefit students with discounted voice calls, data and text services.
The Fuccha Pack is available at First Recharge of Rs 149. The first recharge of RC 149 will offer benefits of 333 local & STD calls, Aircel to Aircel (Local) at 10p/min, Aircel to Other (Local and STD calls) at 50p/min, free 1500 local and national SMS, 1GB of 2G data and an FTT in the next recharge of Rs. 51 and above.
Anil Gupta, Regional Manager – North, Aircel, said, "The new sessions at colleges in Delhi are beginning and we are targeting the students to offer this exciting product. Aircel's 'Fuccha Pack' will enable the college students to savour the benefits of voice, text and data services at affordable prices. Staying connected 24X7 is the foremost need of students and Aircel's 'Fuccha Pack' will seamlessly cater to that."
Aircel constantly strives to provide innovative and best value for money products in the Delhi market. Recently, Aircel launched STD at 25p/min in Delhi and Full Talktime on Rs. 100 and above. Other noteworthy products in the Delhi market are 'One Nation One Rate' which made roaming charges free, PocketBuddies, Pocket Internet Games, and Pocket Internet 24 amongst others.
AIRCEL MAKES RAMZAN
SPECIAL FOR ITS CUSTOMERS IN J&K WITH "RISHTO KA RECHARGE" - STD
CALLS @ 25P
Srinagar and Jammu, July 17, 2013: In its endeavor to make Ramzan special for its customers in J&K, Aircel launched yet another product for the festive occasion "Rishto ka Recharge" - STD calling at 25p/min. The customers can stay connected with their family and friends across the country with this attractive low rate pack available for Rs. 22 only. The customers will be able to avail this offer multiple times during the Ramzaan period.
Sundeep Talwar, Circle Operations Head – J&K, Aircel, said, "We understand that the holy month of Ramzan is a special time for our customers and we want to play our part to contribute to the celebrations. As Ramzan Sehari starts in early hours of the morning, customers call their loved ones across the country to share dua and also during Iftari in the evening. The launch of this unique STD product will enable our customers to be seamlessly connected with family and friends during Ramzan."
Aircel constantly makes efforts to offer exciting engagements for its customers in the J&K market along with the products and services. The company strives to bring an element of 'Extra' in its products as a simple way to bring joy and happiness to its customers.
AIRCEL CUSTOMERS IN
NORTH EAST WIN A CAR
THE WINNERS
PARTICIPATED IN AIRCEL'S MONSOON BONANZA – 'CALL TO WIN A CAR'
Aircel, one of India's leading telecom players, announced the Bumper Prize winners of its unique and exciting consumer engagement offer in Assam and North-East, Monsoon Bonanza – 'Talk for a Minute, Win a car'. Both lucky winners – Rup Jyoti Saikia from Assam and Riten Syiemlieh from Meghalaya were presented with 'Hyundai Eon Car' at a prize distribution event held at Big Bazaar, Bhangarh on G.S Road, Guwahati.
The customers making an outgoing call of one minute a day were eligible for the contest with a chance to win attractive prizes including Bumper Prize - 4 Hyundai EON Cars, Weekly Prize – 72 Nokia Lumia 520 phones, Daily Prize – 200 subscribers to get Free Aircel to Aircel minutes and assured prizes like Free Downloads - Wallpapers, Animations, Full Songs, Mp3 tones and True tones.
Rup Jyoti Saikia, winner of Hyundai Eon from Golaghat, Assam said "I feel very lucky to win the car. I am very happy, I thank Aircel for the wonderful gift"
Riten Syiemlieh, winner of Hyundai Eon from Nongspung , Meghalaya said "Now I will have a car of my own. Thank you Aircel"
Dibyajyoti Khaund, Business Head – North East & Assam, Aircel said "As part of our 'Extra' proposition we launched 'Monsoon Bonanza' for our customers and it gives me immense pleasure to announce the Bumper Prize winners. We are absolutely delighted for the two lucky customers who will take a car home. We constantly strive to strengthen our relationship with our customers in Assam and North East through innovative consumer engagement programs. We are very happy with the response and support we have received from our customers for Aircel Monsoon Bonanza."
Aircel is one of the market leaders in Assam and North-East, and provides innovative and best value for money services to its customers.
AIRCEL 3G MORNINGS'
BRINGS UNLIMITED 3G BROWSING ABSOLUTELY FREE TO KOLKATA AND WEST BENGAL
ENJOY UNLIMITED 3G
BROWSING ABSOLUTELY FREE BETWEEN 6:00AM TO 9:00AM FOR 30 DAYS
Aircel, one of India's leading telecom players, in its endeavor to bring 'Extra' delight to its customers, today announced an outstanding 3G trial offer for new as well as existing Aircel subscribers in Kolkata who wish to experience unlimited 3G. 'Aircel 3G Mornings', first of its kind in the industry will offer unlimited access to 3G data from 6.00AM to 9.00AM for 30 days absolutely free. To activate this offer, the subscriber will be required to send a message to *122*456#.
'Aircel 3G Mornings' initiative will offer 3G subscribers a unique data experience without any barrier on speed and price. Aircel , a young brand, which has positioned itself as a leading data player has been constantly innovating products & services and is credited with making 3G affordable to masses by launching the unique Pocket Internet Smart which offers best value 3G packs.
Sanjeev Garg, Business Head – Kolkata and Rest of West Bengal, Aircel, said, "Aircel is the pioneer in data and has brought a revolution in the data industry with products like the PocketInternet, Pocket Buddies, Pocket Internet Games and Music. With the majority of the subscribers using 3G enabled handsets for entertainment and news etc, it becomes essential to have seamless data service. With offering free 3G browsing through 'Aircel 3G Mornings', we aim to enhance the user experience and push internet usage among the youth and the working professionals. In other words, we hope to bring more joy to the lives of our customers by giving them opportunities to feel that unexpected 'Extra' happiness through the use of our products and services like 'Aircel 3G Mornings'".
He further added, "Mornings are generally meant for catching up with the current happenings, news or even checking updates on one's social network. 'Aircel 3G Mornings' will give our valuable subscribers; an opportunity to try our outstanding 3G data services."
Aircel has unlimited 3G plans ranging from Rs.8/- to Rs. 997/- and validity ranging from 2 to 30 days. The company has recently introduced yet another innovative data product to encourage data consumption through its Pocket Internet 23 offer, which will enable customers to experience and experiment internet on their mobile phones at an economical price of less than Re. 1 per day.
FINANCIAL RESULTS
The Directors are pleased to report that the Company achieved total income of Rs.30228 million recording a growth of 20% over last year.
The loss after taxes for the year was Rs.32367 million. During the year ended December 31, 2011, the Company has incurred significant cash losses and as at the year-end the net worth of the Company has been partially eroded.
The ultimate holding Company (Maxis Communications, Berhad) has provided a letter of support to the Company confirming its intention to provide financial support as may be necessary to enable the Company to meet its liabilities and commitments as they fall due and to enable the Company to carry on business without curtailment of operations.
The Board of Directors of Aircel Limited have considered all the above factors and based on business plans for 2012, and the letter of support from the ultimate holding Company taken on record in its meeting held in 27th March 2012, believes that it is appropriate to prepare the accounts for the year on going concern basis.
OPERATION HIGHLIGHTS
The progress of the company during the year in all the service areas has been quite encouraging, the subscriber base of the Company as at Dec-2011 across all operational service areas was 27.47 mn as compared to 22.35 Mn in the previous year. The share of the company in the overall mobility base was 6.46 %.
During the year, the Group (including the company and its fellow subsidiary companies Aircel Cellular Limited and Dishnet Wireless Limited) has launched 3G operations in all the 13 service areas, for which licences were obtained.
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10295543 |
30/12/2011 * |
17,026,051,800.00 |
SBICAP TRUSTEE COMPANY LIMITED |
202, MAKER TOWER, 'E', CUFFE PARADE, COLABA, MUMBAI, Maharashtra - 400005, INDIA |
B32519449 |
|
2 |
10302811 |
29/06/2011 |
5,000,000,000.00 |
PUNJAB NATIONAL BANK |
LARGE CORPORATE BRANCH OFFICE, TOLSTOY HOUSE, TOLSTOY MARG, NEW DELHI, Delhi - 110001, INDIA |
B19035468 |
|
3 |
10286407 |
30/12/2011 * |
188,504,000,000.00 |
SBICAP TRUSTEE COMPANY LIMITED |
202, MAKER TOWER, 'E', CUFFE PARADE, COLABA, MUMBAI, Maharashtra - 400005, INDIA |
B32518441 |
|
4 |
10127625 |
10/02/2011 * |
30,000,000,000.00 |
State Bank of India |
Corporate Accounts Group Br., Sigappi Aachi Bldg., 18/3, Rukmini Lakshmipathi Road, Egmore, Chennai, Tamil Nadu - 600008, INDIA |
B06822886 |
* Date of charge modification
FIXED ASSETS
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 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 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. 66.04 |
|
|
1 |
Rs. 103.10 |
|
Euro |
1 |
Rs. 86.99 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Report Prepared
by : |
DPH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
2 |
|
--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
YES |
|
--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 |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
28 |
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.