MIRA INFORM REPORT
|
Report Date : |
26.12.2014 |
IDENTIFICATION DETAILS
|
Name : |
LINK QUEST TELECOM LIMITED (w.e.f. 27.10.2008) |
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|
|
|
Formerly Known
As : |
LINK QUEST TELECOM PRIVATE LIMITED |
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Registered
Office : |
C-314, Defence Colony, 1st Floor, |
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Country : |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
26.07.1996 |
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Com. Reg. No.: |
55-80683 |
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Capital Investment
/ Paid-up Capital : |
Rs.10.500 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U64201DL1996PLC080683 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELL01174F |
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PAN No.: [Permanent Account No.] |
AAACL1613M |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject offers integrated telecom infrastructure related
services for operators and equipment manufacturers and provide premium
outsourcing solutions. |
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|
No. of Employees
: |
1000 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (47) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 274000 |
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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 record. Overall financial position of the company is decent. Trade relations are reported to be fair. Business is active. Payments
are reported to be usually correct. The company can be considered for business dealing 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, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
|
Rating Agency Name |
CRISIL |
|
Rating |
Long Term Rating=BBB- |
|
Rating Explanation |
Moderate degree of safety and moderate
credit risk. |
|
Date |
27.03.2014 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Rating=A3 |
|
Rating Explanation |
Moderate degree of safety and higher credit
risk. |
|
Date |
27.03.2014 |
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
31-03-2014.
INFORMATION PARTED BY (GENERAL DETAILS)
|
Name : |
Mr. Kaushik |
|
Designation : |
Finance Manager |
|
Contact No.: |
91-120-4634000 |
|
Date : |
24.12.2014 |
LOCATIONS
|
Registered Office : |
C-314, Defence Colony, 1st Floor, |
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Tel. No.: |
91-120-4634000 |
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Fax No.: |
91-120-4634040 |
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E-Mail : |
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Website : |
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Kolkata Office : |
Millenium City, IT Park, Tower II, 8th Floor, Plot No.63,
Block - DN, Sector-5, Salt Lake City, Kolkata, West Bengal, India |
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Tel. No.: |
91-33-40137000 |
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Fax No.: |
91-33-40137070 |
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Regional Office : |
G-25, Ground Floor, Sector-03, Noida – 201301, |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Shomenath Roychowdhury |
|
Designation : |
Managing Director |
|
Address : |
15B, Mandeville, Gardens, 4th Floor, Kolkata – 700019, West
|
|
Date of Birth/Age : |
07.02.1959 |
|
Date of Appointment : |
17.07.2007 |
|
DIN No.: |
00791903 |
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PAN No.: |
ADJPR7223E |
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|
|
Name : |
Mr. Satya Brata Saikia |
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Designation : |
Director |
|
Address : |
Bongol Apukhuri, Jorhat – 785001, |
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Date of Birth/Age : |
10.02.1937 |
|
Date of Appointment : |
17.07.2007 |
|
DIN No.: |
00492141 |
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Pan No.: |
ANDPS1818C |
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|
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|
Name : |
Mr. Partha Ranjan Das |
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Designation : |
Director |
|
Address : |
AE-377, Sector-I, |
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Date of Birth/Age : |
06.06.1956 |
|
Date of Appointment : |
17.07.2007 |
|
DIN No.: |
00492135 |
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Pan No.: |
AFQPD3629D |
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|
Name : |
Mr. Debabrata Kumar Mitra |
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Designation : |
Director |
|
Address : |
19 Lansbowne Terrace, Flat No.3A, Kolkata – 700026, West Bengal, India |
|
Date of Birth : |
14.11.1957 |
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Date of Appointment : |
17.07.2007 |
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DIN No.: |
00492015 |
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Pan No.: |
AECPM9282L |
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Name : |
Mr. Rathin Roy |
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Designation : |
Director |
|
Address : |
GD-163, Sector-III, Salt Lake City, Kolkata – 700106, West Bengal,
India |
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Date of Birth/Age : |
26.06.1960 |
|
Date of Appointment : |
17.07.2007 |
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DIN No.: |
00492022 |
|
PAN No.: |
ACSPR6826P |
KEY EXECUTIVES
|
Name : |
Mr. Kaushik |
|
Designation : |
Finance Manager |
MAJOR SHAREHOLDERS
AS ON 30.09.2014
|
Names of Shareholders |
No. of Shares |
|
Shomenath Roy Chowdhury |
1047501 |
|
Sonali Roy Chowdhury |
2490 |
|
Rathin Roy |
1 |
|
Partha Ranjan Das |
1 |
|
Debabrata Kumar Mitra |
1 |
|
Anindya Kanti Ghosh |
1 |
|
Aditya Vikram Roychowdhury |
5 |
|
|
|
|
Total |
1050000 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2014
|
Category |
Percentage |
|
Directors or relatives of Directors |
99.99 |
|
Other top fifty shareholders |
0.01 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject offers integrated telecom infrastructure related services
for operators and equipment manufacturers and provide premium outsourcing
solutions. |
|
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
Not Divulged |
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Imports : |
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Products : |
Machinery |
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Countries : |
China |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
PRODUCTION STATUS : NOT AVAILABLE
GENERAL INFORMATION
|
Supplier : |
Not Divulged |
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Customer : |
Not Divulged |
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No. of Employees : |
1000 (Approximately) |
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Bankers : |
State Bank of India, SME Branch, Ballygunge, 50A, Gariahat, 5th
Floor, Kolkata – 700019, West Bengal, India Lord Krishna Bank Limited, GF-02, Tower - A, Global Business Park, Mehrauli Gurgao Nroad, DLF, Gurgaon - 122002, Haryana, India |
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Facilities : |
NOTES: Long Term Borrowings ** Loan is taken
for the period of 36 months @ 12.5% and are secured by way of hypothecation
of specific asset. *** Loan is taken for the period of 36 months at interest rate applied
by Bank from time to time as pet sanctioned terms, and are secured by way of
first charge of entire fixed assets i.e., furniture & fixtures,
interiors, fittings and other computer hardware’s both in office and on site.
Further secured by equitable mortgage of 6994 Sq. Ft. super built space on 5th
floor of 46/31/1, Gariahat Road, Kolkata-700019 in Ballygunge AC new Market
building owned by S.N. Realtors (P) Limited and SNR Constructions (P) Limited
Short Term Borrowings * Secured by way
of hypothecation of stock, book debts and all movable assets of the Company.
Further secured by equitable mortgage of 6994 Sq. Ft. super built space on 5th
floor of 46/31/1, Gariahat Road, Kolkata-700019 in Ballygunge AC new Market
building owned by S.N. Realtors (P) Limited and SNR Constructions (P) Limited |
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Banking
Relations : |
-- |
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Financial Institution : |
Tata Capital Financial Services Limited |
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Auditors : |
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Name : |
R N Marwah and Company Chartered Accountants |
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Address : |
4/80, Janpath, New Delhi – 110001, India |
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PAN No.: |
AAAFR9496F |
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Wholly Owned Subsidiary : |
Linkquest Telecom (Global) Limited, FZE (UAE) |
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Enterprises significantly by key managerial personnel : |
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CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1900000 |
Equity Shares |
Rs.10/- each |
Rs.19.000 Millions |
|
100000 |
Preference Shares |
Rs.10/- each |
Rs.1.000 Million |
|
|
|
|
|
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Total |
|
Rs.20.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1050000 |
Equity Shares |
Rs.10/- each |
Rs.10.500 Millions |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
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(a) Share Capital |
10.500 |
10.500 |
10.500 |
|
(b) Reserves & Surplus |
85.160 |
65.916 |
52.094 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
0.000 |
0.000 |
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Total
Shareholders’ Funds (1) + (2) |
95.660 |
76.416 |
62.594 |
|
|
|
|
|
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(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
66.801 |
19.541 |
11.724 |
|
(b) Deferred tax liabilities (Net) |
7.162 |
5.590 |
3.301 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
0.201 |
0.188 |
0.121 |
|
Total Non-current
Liabilities (3) |
74.164 |
25.319 |
15.146 |
|
|
|
|
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(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
47.223 |
77.200 |
40.165 |
|
(b) Trade
payables |
17.590 |
3.468 |
8.836 |
|
(c) Other
current liabilities |
112.109 |
66.538 |
37.688 |
|
(d) Short-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Current
Liabilities (4) |
176.922 |
147.206 |
86.689 |
|
|
|
|
|
|
TOTAL |
346.746 |
248.941 |
164.429 |
|
|
|
|
|
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II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
78.837 |
48.444 |
42.042 |
|
(ii)
Intangible Assets |
0.915 |
1.246 |
0.565 |
|
(iii)
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.370 |
0.370 |
0.343 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
17.593 |
7.018 |
9.797 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
97.715 |
57.078 |
52.747 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
19.300 |
0.000 |
0.000 |
|
(b)
Inventories |
0.417 |
2.972 |
3.688 |
|
(c) Trade
receivables |
142.622 |
153.666 |
75.634 |
|
(d) Cash
and cash equivalents |
1.477 |
0.078 |
3.269 |
|
(e)
Short-term loans and advances |
35.072 |
26.787 |
19.768 |
|
(f) Other
current assets |
50.143 |
8.360 |
9.323 |
|
Total
Current Assets |
249.031 |
191.863 |
111.682 |
|
|
|
|
|
|
TOTAL |
346.746 |
248.941 |
164.429 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
833.647 |
475.983 |
257.027 |
|
|
|
Other Income |
2.801 |
0.644 |
8.728 |
|
|
|
TOTAL (A) |
836.448 |
476.627 |
265.755 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchase of Stock-in-trade |
0.687 |
0.338 |
0.443 |
|
|
|
Changes in Inventories of finished goods, work-in-progress and
stock-in-trade |
0.000 |
(0.248) |
(0.268) |
|
|
|
Employee Benefits Expenses |
485.992 |
262.716 |
142.031 |
|
|
|
Auditor’s Remuneration |
0.324 |
0.349 |
0.402 |
|
|
|
Other Expenses |
288.760 |
160.720 |
92.377 |
|
|
|
TOTAL (B) |
775.763 |
423.875 |
234.985 |
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
60.685 |
52.752 |
30.770 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
10.660 |
10.766 |
2.929 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)
(E) |
50.025 |
41.986 |
27.841 |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION (F) |
21.423 |
21.266 |
6.855 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX (E-F) (G) |
28.602 |
20.720 |
20.986 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
9.319 |
6.792 |
7.240 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
AFTER TAX (G-H) (I) |
19.283 |
13.928 |
13.746 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE BROUGHT FORWARD |
57.000 |
43.072 |
29.326 |
|
|
|
|
|
|
|
|
|
|
Balance Carried to the B/S |
76.283 |
57.000 |
43.072 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
18.36 |
13.27 |
13.09 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin |
(%) |
2.31 |
2.93 |
5.35 |
|
|
|
|
|
|
|
Operating Profit Margin |
(%) |
7.28 |
11.08 |
11.97 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
8.26 |
8.34 |
12.79 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.30 |
0.27 |
0.34 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.19 |
1.27 |
0.83 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.41 |
1.30 |
1.29 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Share Capital |
10.500 |
10.500 |
10.500 |
|
Reserves & Surplus |
52.094 |
65.916 |
85.160 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
62.594 |
76.416 |
95.660 |
|
|
|
|
|
|
long-term borrowings |
11.724 |
19.541 |
66.801 |
|
Short term borrowings |
40.165 |
77.200 |
47.223 |
|
Total borrowings |
51.889 |
96.741 |
114.024 |
|
Debt/Equity ratio |
0.829 |
1.266 |
1.192 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Sales |
257.027 |
475.983 |
833.647 |
|
|
|
85.188 |
75.142 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Sales |
257.027 |
475.983 |
833.647 |
|
Profit |
13.746 |
13.928 |
19.283 |
|
|
5.35% |
2.93% |
2.31% |
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 |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
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) |
Yes |
|
21] |
Market information |
---------- |
|
22] |
Litigations that the firm
/ promoter involved in |
---------- |
|
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 |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
UNSECURED LOAN
|
PARTICULARS |
31.03.2014 (Rs.
in Millions) |
31.03.2013 (Rs.
in Millions) |
|
Long term borrowing |
|
|
|
Loans from related parties |
|
|
|
Mahashakti Mercantile Private Limited |
15.15 |
0.000 |
|
SNR Construction Private Limited |
19.051 |
0.000 |
|
S.R. Data Services Private Limited |
10.100 |
0.000 |
|
Total |
44.301 |
0.000 |
COMPANY OVERVIEW:
Linkquest
Telecom Limited was incorporated on 26h July 1996. Linkquest offers integrated
telecom infrastructure related services for operators and equipment manufacturers
and provide premium outsourcing solutions. Linkquest operates and maintains
systems and networks for Telecom Service Providers, Utilities, Banks,
Government Organizations, Defence and several medium and large corporate.
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10495189 |
29/03/2014 |
30,000,000.00 |
TATA
CAPITAL FINANCIAL SERVICES LIMITED |
ONE FORBES,,
DR. V. B. GANDHI MARG, FORT, MUMBAI, MAHARASHTRA - 400001, INDIA |
C04648432 |
|
2 |
10069658 |
20/03/2014
* |
197,700,000.00 |
STATE
BANK OF INDIA |
SME
BRANCH, BALLYGUNGE, 50A, GARIAHAT ROAD, 5TH F |
C00470088 |
*Date of modification Charges
FIXED ASSETS:
·
Plant and Machinery
·
Computer
·
Vehicles
·
Furniture and Fixture
·
Cars
·
Software
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.63.46 |
|
|
1 |
Rs.98.51 |
|
Euro |
1 |
Rs.77.31 |
INFORMATION DETAILS
|
Information
Gathered by : |
DPA |
|
|
|
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
6 |
|
--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 |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
|
|
|
|
TOTAL |
|
47 |
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.