MIRA INFORM REPORT
|
Report Date : |
20.06.2014 |
IDENTIFICATION DETAILS
|
Name : |
VAYAM TECHNOLOGIES LIMITED (w.e.f. 21.12.2008) |
|
|
|
|
Formerly Known
As : |
I BILT TECHNOLOGIES LIMITED |
|
|
|
|
Registered
Office : |
Thapar House, 124, Janpath, New Delhi – 110001 |
|
|
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|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
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Date of
Incorporation : |
01.08.2000 |
|
|
|
|
Com. Reg. No.: |
55-107066 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.214.689 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74900DL2000PLC107066 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELI03074B |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACI8050R |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Providing End-To-End IT Services and Solutions. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 7800000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track. The company possesses an acceptable financial profile marked by decent
networth base along with continuous deterioration in receivable period and
working capital intensive operations leading to slightly stretched liquidity
profile. Management has seen a better growth in its sales volume as well as net
profitability along with decent profit margin during FY 13. Trade relations seem to be fair. Business is active. Payment terms are
reported as slow but correct. In view of experienced promoter and management team, the subject can be
considered 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 – March 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
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
N E W S
The economy grew 4.7 %in 2013/14, marking a
second straight year of sub-5 % growth – the worst slowdown in more than a quarter
of a century. The data was below an official estimate of 4.9 % annual growth
and compared with 4.5 % in the last fiscal year. However, the current account
deficit narrowed sharply to $ 32.4 billion at 1.7 % of gross domestic product,
in 2013/14 from a record high of $ 98.8 billion or 4.7 %, the year before.A
sharp fall in gold imports due to restrictions on overseas purchases and muted
import of capital goods helped shrink the current account deficit.
Online retailer Flipkart has acquired fashion
portal Myntra as it prepares to battle with the rapidly expanding India arm of
the global e-commerce giant Amazon. The company raised $ 210 million from
Russian Investment firm DST Global which has also invested in companies like
Facebook, Twitter and Alibaba Group.
General Motors will start exporting vehicles
from its Talegaon plant near Pune in the second half of 2014. GM was one of the
few global carmakers that was using its India plant only for the domestic
market.
Google has overtaken Apple as the world’s top
brand in terms of value, according to global market research agency Millward
Brown. Google’s brand value shot up 40 % in a year to $ 158.84 billion. The top
10 of the 100 slots were dominated by US companies.
Infosys lost another heavy weight when B G
Srinivas, a board member put in his papers. He is the third CEO-hopeful to quit
after Chairman N R Narayana Murthy’s return to the company – Ashok Vemuri and V
Balakrishnan being the other two.While Vemuri went on to lead IGate,
Balakrishnan joined politics.
Naresh Goyal – promoted Jet Airways posted
biggest quarterly loss – Rs 2153.37 crore – in the three months ended March 31,
mainly because it has been offering discounts to passengers to fill planes.
William S Pinckney – Chairman and CEO of
Amway India was arrested by the Andhra Pradesh Police in connection with a
complaint against the direct selling firm. This is the second time that he has
been taken into custody. A year, ago the Kerala Police had arrested Pinckney
and two company directors on charges of financial irregularities.
China has told its state-owned enterprises to
sever links with American consulting firms after the United States charged five
Chinese military officers wih hacking US companies. China’s action which
targets consultancies like McKinsey & Co. and the Boston Consulting Group,
sterns from fears that the first are providing trade secrets to the US
governments.
India has emerged as a country with some of
the highest unregistered businesses in the world. Indonesia has the maximum
number of shadow businesses, says a study of 68 countries by Imperial College
Business School in London.
Pfizer has abandoned its attempt to buy
AstraZeneca for nearly $ 118 billion after the latter refused an offer of 55
pounds a share.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Long Term Bank Facilities = BB+ |
|
Rating Explanation |
Moderate risk of default regarding timely
servicing of financial obligation. |
|
Date |
April 28, 2014 |
|
Rating Agency Name |
CARE |
|
Rating |
Short Term Bank Facilities = A4+ |
|
Rating Explanation |
Minimal degree of safety and high credit
risk. |
|
Date |
April 28, 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
31-03-2012.
INFORMATION DENIED
Management Non Co-Operative (91-11-47101204)
LOCATIONS
|
Registered Office / Corporate
Office: : |
Thapar House, 124, Janpath, New Delhi – 110001, India |
|
Tel. No.: |
91-11-47101200/47101201/47101204/47101320 |
|
Fax No.: |
91-11-23368946 |
|
E-Mail : |
|
|
Website : |
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|
|
|
|
Overseas Offices : |
Busitel 1, Orlyplein 85, 1043
DS Amsterdam, PO Box 59267 1040 KG, Amsterdam The Netherlands Phone: +31 (0)20 403 7325
Linnanrakentajantie 6-8
FIN-00880 Helsinki, Finland Phone: +358 400 603308 ·
United Kingdom
Building No.3,566 Chiswick
Park, Chiswick High Road, London W4 5YA, United Kingdom, Phone: +44(0) 20.8849.8395 Fax: +44(0) 20.8899.6001 ·
Norway
Torgbygget, Nydalsveien 33,
Postbox 4814 Nydalen, 0422 Oslo, Norway ·
Sweden
Knockepilsgr 37, 165 76
Hasselby, Sweden Phone: +46 733 970190 |
DIRECTORS
As on 30.09.2013
|
Name : |
Mr. Ashok Tiwari |
|
Designation : |
Managing Director |
|
Address : |
E-4/6, IInd Floor, Vasant Vihar, New Delhi, 110057, Delhi, India |
|
Date of Birth/Age : |
09.03.1959 |
|
Date of Appointment : |
01.08.2000 |
|
DIN No.: |
00015600 |
|
|
|
|
Name : |
Mrs. Amita Tiwari |
|
Designation : |
Director |
|
Address : |
E-4/6, IInd Floor, Vasant Vihar, New Delhi, 110057, Delhi, India |
|
Date of Birth/Age : |
05.04.1956 |
|
Date of Appointment : |
31.10.2007 |
|
DIN No.: |
00616017 |
|
|
|
|
Name : |
Mr. Jitendra Tiwari |
|
Designation : |
Whole Time Director |
|
Address : |
E-4/6, IInd Floor, Vasant Vihar, New Delhi, 110057, Delhi, India |
|
Date of Birth/Age : |
29.01.1983 |
|
Date of Appointment : |
31.10.2007 |
|
DIN No.: |
00616034 |
|
|
|
|
Name : |
Mr. Jeet Singh Chhabra |
|
Designation : |
Whole Time Director |
|
Address : |
216, Jai Apartments, Plot No. 35, Sector - 9, Rohini, New Delhi-110085 |
|
Date of Birth/Age : |
30.06.1950 |
|
Date of Appointment : |
25.05.2011 |
|
DIN No.: |
01272780 |
KEY EXECUTIVES
|
Name : |
Mr. Satinder Pal Singh |
|
Designation : |
Secretary |
|
Address : |
64, Sector-52, Noida, Uttar Pradesh, India |
|
Date of Birth/Age : |
25.03.1972 |
|
Date of Appointment : |
28.02.2012 |
|
PAN No.: |
BCGPS1051N |
MAJOR SHAREHOLDERS
As on 30.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Ashok Tiwari |
|
15417388 |
|
Mohinder Kumar Chathli |
|
10 |
|
Shakti Kumar Chauhan |
|
10 |
|
Divya Tiwari |
|
10 |
|
Jitendra Tiwari |
|
10 |
|
Amita Tiwari |
|
10 |
|
Sam Financial Services Private Limited, India |
|
1000000 |
|
Endless Services Private Limited, India |
|
100000 |
|
Rajesh Tiwari |
|
600000 |
|
V.P. Nagarajan |
|
100000 |
|
ETA Star Holdings Limited, India |
|
698824 |
|
Canara Bank, India |
|
2500000 |
|
SDT Multidevelopers Private Limited, India |
|
1052632 |
|
Total |
|
21468894 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2013
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident
Indian(s) or Overseas Corporate bodies or Others |
3.26 |
|
Bodies corporate |
10.03 |
|
Directors or relatives of Directors |
71.82 |
|
Other top fifty shareholders |
3.24 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Providing End-To-End IT Services and Solutions. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
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Bankers : |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
|
|
Name : |
Mukesh Mittal and Associates Chartered Accountants |
|
Address : |
R-11/76, New Raj Nagar, Ghaziabad - 201001, Uttar Pradesh, India |
|
PAN No.: |
AGFPM7090M |
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|
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Subsidiaries
Company : |
CIN No.: U51909DL2005PTC141944
|
|
|
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|
Associate |
CIN No.: U72212DL2010PTC211665 |
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|
|
Enterprises
which are owned, or have
significant influence of or are partners with Key management personnel and their
relatives : |
|
CAPITAL STRUCTURE
As on 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
30000000 |
Equity Shares |
Rs. 10/- each |
Rs.300.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
21468894 |
Equity Shares |
Rs. 10/- each |
Rs.214.689 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are in
Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
214.689 |
214.689 |
214.689 |
|
(b) Reserves & Surplus |
1724.875 |
1181.135 |
753.986 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
1939.564 |
1395.824 |
968.675 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
369.699 |
208.588 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
76.470 |
58.321 |
70.502 |
|
(c) Other long term
liabilities |
118.590 |
41.898 |
0.383 |
|
(d) long-term
provisions |
20.198 |
15.862 |
10.849 |
|
Total Non-current
Liabilities (3) |
584.957 |
324.669 |
81.734 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
976.005 |
887.446 |
568.300 |
|
(b) Trade
payables |
1059.724 |
688.741 |
332.653 |
|
(c) Other
current liabilities |
138.643 |
107.336 |
185.467 |
|
(d) Short-term
provisions |
53.341 |
53.168 |
29.874 |
|
Total Current Liabilities
(4) |
2227.713 |
1736.691 |
1116.294 |
|
|
|
|
|
|
TOTAL |
4752.234 |
3457.184 |
2166.703 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i) Tangible
assets |
647.581 |
460.087 |
73.324 |
|
(ii)
Intangible Assets |
413.253 |
302.458 |
106.420 |
|
(iii)
Capital work-in-progress |
0.000 |
50.532 |
57.947 |
|
(iv)
Intangible assets under development |
85.706 |
70.047 |
90.947 |
|
(b) Non-current Investments |
8.180 |
8.180 |
8.230 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
8.383 |
0.277 |
0.284 |
|
(e) Other
Non-current assets |
19.951 |
26.547 |
16.331 |
|
Total Non-Current
Assets |
1183.054 |
918.128 |
353.483 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
0.000 |
0.000 |
0.000 |
|
(c) Trade
receivables |
2339.885 |
1865.197 |
1239.533 |
|
(d) Cash
and cash equivalents |
93.678 |
61.985 |
44.168 |
|
(e)
Short-term loans and advances |
179.142 |
150.137 |
129.675 |
|
(f) Other
current assets |
956.475 |
461.737 |
399.844 |
|
Total
Current Assets |
3569.180 |
2539.056 |
1813.220 |
|
|
|
|
|
|
TOTAL |
4752.234 |
3457.184 |
2166.703 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
5672.974 |
4416.693 |
3267.784 |
|
|
|
Other Income |
33.421 |
9.790 |
7.889 |
|
|
|
TOTAL (A) |
5706.395 |
4426.483 |
3275.673 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of material consumed |
4275.982 |
3405.230 |
2429.778 |
|
|
|
Employee Benefits Expenses |
277.729 |
235.108 |
214.277 |
|
|
|
Other Expenses |
182.119 |
142.741 |
123.102 |
|
|
|
TOTAL (B) |
4735.830 |
3783.079 |
2767.157 |
|
|
|
|
|
|
|
|
Less |
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
970.565 |
643.404 |
508.516 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
168.503 |
101.462 |
73.213 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)
(E) |
802.062 |
541.942 |
435.303 |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION (F) |
167.175 |
51.146 |
48.703 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX (E-F) (G) |
634.887 |
490.796 |
386.600 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
62.349 |
47.819 |
41.125 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
AFTER TAX (G-H) (I) |
572.538 |
442.977 |
345.475 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
301.700 |
276.400 |
282.900 |
|
|
|
|
|
|
|
|
|
|
IMPORT VALUE |
38.578 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
26.67 |
20.63 |
16.09 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
10.03 |
10.01 |
10.55 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
11.19 |
11.11 |
11.83 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
13.71 |
14.87 |
19.40 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.33 |
0.35 |
0.40 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.69 |
0.79 |
0.59 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.60 |
1.46 |
1.62 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
214.689 |
214.689 |
214.689 |
|
Reserves & Surplus |
753.986 |
1181.135 |
1724.875 |
|
Net
worth |
968.675 |
1395.824 |
1939.564 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
208.588 |
369.699 |
|
Short term borrowings |
568.300 |
887.446 |
976.005 |
|
Total
borrowings |
568.300 |
1096.034 |
1345.704 |
|
Debt/Equity
ratio |
0.587 |
0.785 |
0.694 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
3267.784 |
4416.693 |
5672.974 |
|
|
|
35.159 |
28.444 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
3267.784 |
4416.693 |
5672.974 |
|
Profit |
345.475 |
442.977 |
572.538 |
|
|
10.57% |
10.03% |
10.09% |
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 |
No |
|
20] |
Export / Import details
(if applicable) |
No |
|
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 |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
UNSECURED LOANS:
|
Particulars |
31.03.2013 Rs. In Millions |
31.03.2012 Rs. In Millions |
|
Long Term Borrowings |
|
|
|
Loans repayable on demand |
8.140 |
2.830 |
|
|
|
|
|
Total |
8.140 |
2.830 |
BACKGROUND
The company was incorporated on August 1, 2000 under the Companies Act, 1956. The Company is a leading IT company providing end-to-end IT services and solutions to Corporate and Government Clients and various PSUs.
FINANCIAL HIGHLIGHTS
During current Financial Year 2012-13, total income grew by 28.44% to
Rs.5672.900 Millions as compared with Rs.4416.700 Millions in the previous
year. Percentage growth in bottom lines was also impressive as Profit after tax
grew by 29.23 % to Rs.572.500 Millions.
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10401229 |
06/02/2013 |
240,000,000.00 |
IDBI Bank Limited |
INDIAN
RED CROSS SOCIETY BUILDING, 1, RED CROSS ROAD, NEW DELHI, DELHI - 110001,
INDIA |
B67332098 |
|
2 |
10391836 |
24/11/2012 |
42,000,000.00 |
Canara Bank |
74,
JANPATH, NEW DELHI, DELHI - 110001, INDIA |
B64081235 |
|
3 |
10321409 |
28/11/2011 |
200,000,000.00 |
IDBI Bank Limited |
INDIAN
RED CROSS SOCIETY BUILDING, 1, RED CROSS ROAD, NEW DELHI, DELHI - 110001,
INDIA |
B27034826 |
|
4 |
10303450 |
05/08/2011 |
250,000,000.00 |
DBS Bank Limited |
UPPER
GROUND FLOOR, BIRLA TOWER, 25 BARAKHAMBA ROAD, NEW DELHI, DELHI - 110001,
INDIA |
B19275155 |
|
5 |
10247460 |
17/05/2013 * |
4,000,000,000.00 |
Canara Bank(Lead Bank) |
(OTHER
AXIS BANK, SCB, IDBI, DBS AND DENA), 74,JANPATH, NEW DELHI, DELHI - 110001,
INDIA |
B75480319 |
|
6 |
10227453 |
10/07/2010 |
400,000,000.00 |
IDBI BANK LIMITED |
INDIAN
RED CROSS SOCIETY BUILDING, 1, RED CROSS ROAD, NEW DELHI, DELHI - 110001,
INDIA |
A89231104 |
|
7 |
10223292 |
26/05/2010 |
400,000,000.00 |
STANDARD CHARTERED BANK |
CREDIT
RISK CONTROL, NARAIN MANZIL, 23 BARAKHAMBA ROAD, NEW DELHI, DELHI - 110001,
INDIA |
A86936879 |
|
8 |
10190011 |
07/10/2011 * |
750,000,000.00 |
Axis Bank Limited |
4/10,
OPG HOUSE, ASAF ALI ROAD, NEW DELHI, DELHI - 110002, INDIA |
B26416974 |
|
9 |
10176643 |
10/08/2009 |
160,000,000.00 |
Canara Bank |
74,
JANPATH, NEW DELHI, DELHI - 110001, INDIA |
A70240098 |
|
10 |
10156649 |
12/05/2009 |
35,000,000.00 |
CANARA BANK |
74,
JANPATH, NEW DELHI, DELHI - 110001, INDIA |
A62044128 |
|
11 |
10151143
|
17/03/2009
|
56,250,000.00
|
CANARA
BANK |
74,
JANPATH, NEW DELHI, DELHI - 110001, INDIA |
A59999490
|
|
12 |
10056523
|
01/06/2007
|
20,000,000.00
|
CANARA
BANK |
74,
JANPATH, NEW DELHI, DELHI - 110001, INDIA |
A16715351
|
|
13 |
10052502
|
18/05/2007
|
12,000,000.00
|
CANARA
BANK |
74,
JANPATH, NEW DELHI, DELHI - 110001, INDIA |
A15480106
|
|
14 |
10051578
|
07/05/2007
|
10,000,000.00
|
CANARA
BANK |
74,
JANPATH, NEW DELHI, DELHI - 110001, INDIA |
A15087562
|
|
15 |
10043540
|
28/02/2007
|
50,000,000.00
|
CANARA
BANK |
74
JANPATH, NEW DELHI, DELHI - 110001, INDIA |
A12386421
|
|
16 |
10004629
|
15/05/2006
|
65,600,000.00
|
CANARA
BANK |
74,
JANPATH, NEW DELHI, DELHI - 110001, INDIA |
A01107473
|
|
17 |
90050270
|
31/03/2004
* |
30,000,000.00
|
CANARA
BANK |
74;
JANPATH, NEW DELHI, DELHI, INDIA |
- |
|
18 |
90050196
|
20/11/2003
|
14,378,000.00
|
CANARA
BANK |
74;
JANPATH, NEW DELHI, DELHI, INDIA |
- |
|
19 |
80013897
|
27/09/2006
* |
40,000,000.00
|
CANARA
BANK |
74,
JANPATH, NEW DELHI, DELHI - 110001, INDIA |
- |
|
20 |
90050193
|
17/03/2009
* |
200,000,000.00
|
CANARA
BANK |
74,
JANPATH, NEW DELHI, DELHI - 110001, INDIA |
A60000486 |
* Date of charge modification
FIXED ASSETS:
- Land
- Building
- Plant and Machinery
- Computer
- Furniture and Fixture
- Vehicles
NEWS:
VAYAM WINS PROJECT
WITH JAIPUR METRO RAIL CORPORATION
Vayam
has been awarded a prestigious service order for pre bid and post bid engineering
services for Jaipur Metro Rail Corporation from M/S Fernas Construction India
private limited. The Jaipur Metro Rail system is expected to be India's fourth
Metro Rail system after Kolkata, Delhi and Bangalore.
The
scope of service includes providing Pre-Bid and Post-Bid Engineering Services
for Design and Construction of Tunnel between Chandpole and Badi Chouper and
reversal line, and Underground Metro Station at Choti Chouper and Badi Chouper
on East-west Corridor of Jaipur Metro at Jaipur, Rajasthan.
The
Post-Bid Engineering service would involve preparation of concepts, designs,
drawings and reports of all permanent components of the project structures.
VAYAM WINS
ADMIRATION FROM NDMC CUSTOMER
Vayam
has received encouraging feedback from an end user of NDMC services. It is to
be noted that all electricity and water bills for customers of NDMC are now
generated through an integrated IT system developed by Vayam. A customer was
unable to register on the NDMC website to view his old electricity and water
bills. Upon expressing his difficulties with the concerned department, the
matter was taken up by Vayam’s team with immediate effect and due
response/solution was provided. Such prompt and effective action on Vayam’s
part has been appreciated greatly.
“Thank
you for your efficient and comprehensive service.
I
am most impressed and obliged to you all”, said the satisfied customer.
CHANDIGARH POLICE
APPRECIATES VAYAM’S WORK IN REDESIGNING THEIR
A
team from Vayam has effectively redesigned the website of Chandigarh Police.
Vayam is a system integrator under CCTNS Project, Chandigarh, and this was a
part of the scope of work. Vayam have put extra efforts in developing this
website and providing training to their staff. Chandigarh Police has appreciated
their excellent work.
HP
Board of School Education, Dharamshala, has appreciated Vayam’s services in the
HPBoSE Computerisation Project. In this project, Vayam’s Software Development and
Technical support have enabled the computerization of their examination wing.
Vayam is the Implementing Agency of this project.
VAYAM
ACHIEVES A MILESTONE IN NDMC PROJECT
Vayam
has been involved with NDMC in developing an Integrated IT system for them.
This project has achieved a key milestone by reaching the completion of the
deliveries in the project.
All
the twelve billing groups have now been rolled out through which all
electricity and water bills are generated from the software developed in the
project. Till date, nearly one lakh customers are being billed through this
system
VAYAM SETS UP
ANOTHER DATA CENTRE FOR RITES, GURGAON
Vayam
has successfully set up another state-of-the-art Data Centre for Rites at
Gurgaon. It was inaugurated by Honourable Railway Minister.
Rites
is a multi-disciplinary consultancy organization in the fields of
transport, infrastructure and other related technologies. Vayam is executing a
project to create world class IT infrastructure and Enterprise Resource
Planning (ERP) application for Rites.
VAYAM WINS PROJECT
FOR DEFENCE
Vayam
has won a project from Bharat Electronics Limited
The
scope of the project involves an Integrated Building Management System (IBMS)
that includes supply, installation, testing and commissioning of Precision AC
units, Split AC units, VRV/VRF AC units, Fire suppression system, Addressable
Fire alarm system, CCTV system, Access control system, water leakage detection
system, VESDA system, building management system (BMS) and electrical works.
It
also includes warranty support for 2 years and comprehensive Annual Maintenance
Contract (AMC) for a period of 10 years after warranty.
"Vayam
wins appreciation from the Planning Commission for its achievement in ensuring
quality data for the Aadhar Scheme and maintaining requisite standards as
prescribed. The demographic and biometric enrolment data from Vayam, during the
period from October, 2012 to December, 2012, reveals minimal demographic
errors. This commendable performance by Vayam is crucial to the Aadhar scheme
and has been highly appreciated."
VAYAM SUCCESSFULLY
INSTALLS VIDEO WALLS AT KOLKATA METRO STATIONS
Vayam has successfully installed 34 LCD panels
across 23 stations, from KaviSubhas to Dum Dum, at Kolkata Metro. These panels
consist of 47” thin bezel LCD panels in 2x2 configuration for electronic display
of passenger information. It is noteworthy that the Dum Dum-KaviSubhas Metro
line carries an overwhelming 6 lakh passengers a day.
These
LCD walls have been installed near booking counters and important locations in
the metro stations so that commuters can see the displays easily. Information
such as fare chart, time schedule, metro map, statutory warnings, baggage
rules, safety instructions, as well as seasonal greetings is displayed in these
panels in the form of running slides with pre-programmed timing, in an
attractive and easy to understand manner. A scroll bar at the bottom can
display special messages too. The visuals can also be used for running
commercials of any type (stills, videos and HD videos) between slides of useful
information for the commuters.
Currently
the system at each station is controlled from the station master’s room;
however, in future, the system would be controlled centrally from Metro
Bhavan.
This
project is the first of its kind that Vayam has launched in the country and
aims to replicate the same in various Zonal Railways as well as upcoming Metro
Railways.
Government
of National Capital Territory of Delhi (GNCTD) selected Vayam Technologies
Limited to deploy, manage and support IBM’s Social Business Solutions
Government
of National Capital Territory of Delhi (GNCTD)selected Vayam Technologies
Limited, as IBM Business Partner, to deploy, manage and support IBM’s Social
Business Solutions to create a centralized Web Portal and Content Management using
IBM Web Content Manager, IBM WebSphere Portal Server, IBM Lotus Quickr and
Sametime software.
The
solution will improve operational efficiency, achieve compliance with
government regulations and simplify program content updates and management
processes that reduce manual time and mitigate errors.
Department
of Information Technology, Government of National Capital Territory of Delhi
(GNCTD) works to ensure that the Government uses technology to optimize
business processes and maximize efficiency of its departments.
The
Government of National Capital Territory of Delhi (GNCTD) had approximately 130
departments, including the Department of IT (DoIT), having their own websites
hosted either by the National Informatics Center or a third-party vendor. As a
result, the DoIT experienced challenges in content consistency when updating or
maintaining the sites, leading to legal and compliance risk issues. In light of
these concerns, DoIT sought a centralized web content management solution to
link each department’s website to a single location, which would help simplify
the updates process and maintain regulatory compliance.
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 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.60.00 |
|
|
1 |
Rs.102.05 |
|
Euro |
1 |
Rs.81.71 |
INFORMATION DETAILS
|
Information
Gathered by : |
NAY |
|
|
|
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
VRN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
|
45 |
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.