MIRA
INFORM REPORT
|
Report No. : |
333998 |
|
Report Date : |
30.07.2015 |
IDENTIFICATION DETAILS
|
Name : |
ARYA OMNITALK RADIO TRUNKING SERVICES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
3rd Floor, |
|
Tel. No.: |
91-20-26851072 |
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|
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Country : |
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|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
22.07.2003 |
|
|
|
|
Com. Reg. No.: |
11-018154 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 20.100 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U64120PN2003PTC018154 |
|
|
|
|
IEC No.: |
3107018562 |
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|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
PNEA11026B |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAECA9344C |
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|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
Providing Public |
|
|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (46) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
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|
|
|
Litigation : |
Clear |
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Comments : |
Subject is a private limited company having satisfactory track. Rating takes into consideration the sound financial risk profile of
the company marked by adequate networth base and fair profitability of the
company in FY14. However, trade relations are fair. Business is active. Payment terms
are reported to be usually correct. The company can be considered for business dealings with 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, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
NOT AVAILABLE
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
31-03-2013.
INFORMATION DECLINED BY
|
Name : |
Mr. Rangrao Patil |
|
Designation : |
Deputy Manager |
|
Contact No.: |
91-20-26851072 |
|
Date : |
29.07.2015 |
LOCATIONS
|
Registered Office : |
3rd Floor, Ling Field Plaza, S No.66/67, Wanowarie, Salunke
Vihar Road, Pune-411040, Maharashtra, India |
|
Tel. No.: |
91-20-26851072 |
|
Fax No.: |
91-20-40118100 |
|
E-Mail : |
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|
Website : |
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Branch Offices : |
Located At: · Ahmedabad Mumbai Bangalore Chennai Delhi Surat Vadodara Indore Vishakhapatnam Kolkata Hyderabad Pune Navi Mumbai Bharuch Jaipur |
DIRECTORS
AS ON 26.09.2014
|
Name : |
Mr. Rajen Prithyinath Kaul |
|
Designation : |
Director |
|
Address : |
102, Panch Amrut, Panch Marg, Versova, Andheri (West), Mumbai - 400061, Maharashtra, India |
|
Date of Birth/Age : |
07.04.1949 |
|
Date of Appointment : |
29.08.2003 |
|
DIN No.: |
00030662 |
|
|
|
|
Name : |
Mr. Mayank Jayantilal Shah |
|
Designation : |
Additional Director |
|
Address : |
B / 605, Raj Residency - I, Mahavir Nagar, Dhanukarwadi, Kandivali (West), Mumbai - 400067, Maharashtra, India |
|
Date of Appointment : |
18.04.2015 |
|
Date of Birth/Age : |
06.05.1960 |
|
DIN No.: |
00076380 |
KEY EXECUTIVES
|
Name : |
Mr. Rangrao Patil |
|
Designation : |
Deputy Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 26.09.2014
|
Names of Shareholders |
No. of Shares |
Percentage of Holding |
|
Arvind Limited, India |
1005000 |
50.00 |
|
Aryadoot Transport Private Limited, India |
1005000 |
50.00 |
|
|
|
|
|
Total |
2010000 |
100.00 |
AS ON 26.09.2014
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Bodies
corporate |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Providing Public Mobile Radio Trunking Services. |
|
|
|
|
Brand Names : |
-- |
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|
Agencies Held : |
-- |
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|
|
Exports : |
Not Divulged |
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|
|
Imports : |
Not Divulged |
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|
|
|
Terms : |
Not Divulged |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Not Divulged |
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Bankers : |
· IDBI Bank Limited |
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Facilities : |
|
|
Banking
Relations : |
-- |
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|
|
|
Auditors : |
|
|
Name : |
V J Shroff and Company Chartered Accountants |
|
Address : |
303, Prayushi Appartment, P. No. 42 B, Behind Dena Bank, S. V. Road,
Santacruz (West), Mumbai – 400054, Maharashtra, India |
|
Tel. No.: |
91-22-2648487 |
|
Fax No.: |
91-266119223 |
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E-Mail : |
|
|
Income-tax
PAN of auditor or auditor's firm : |
AAGFV9881L |
|
|
|
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Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
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|
|
|
Associate Companies : |
· Arvind Limited Aryadhoot Transport Private Limited |
|
|
|
|
Company in which KMP/Relatives of KMP can exercise significant
influence : |
Arya Omnltalk Wireless Solution Private Limited |
CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2,050,000 |
Equity Shares |
Rs. 10/- each |
Rs. 20.500 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2,010,000 |
Equity Shares |
Rs. 10/- each |
Rs. 20.100
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
20.100 |
20.100 |
20.100 |
|
(b) Reserves & Surplus |
116.159 |
116.158 |
115.446 |
|
(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) |
136.259 |
136.258 |
135.546 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) Long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long
term liabilities |
0.074 |
0.376 |
0.011 |
|
(d) long-term
provisions |
5.250 |
4.534 |
3.345 |
|
Total Non-current
Liabilities (3) |
5.324 |
4.910 |
3.356 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
13.370 |
11.134 |
11.504 |
|
(b)
Trade payables |
0.000 |
0.000 |
0.000 |
|
(c)
Other current liabilities |
39.327 |
42.815 |
37.797 |
|
(d) Short-term
provisions |
31.647 |
24.266 |
30.618 |
|
Total Current
Liabilities (4) |
84.344 |
78.215 |
79.919 |
|
|
|
|
|
|
TOTAL |
225.927 |
219.383 |
218.821 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
13.060 |
13.759 |
12.909 |
|
(ii)
Intangible Assets |
1.998 |
1.471 |
0.000 |
|
(iii)
Capital work-in-progress |
0.000 |
0.000 |
2.077 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.200 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
7.609 |
8.911 |
8.472 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
22.867 |
24.141 |
23.458 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
27.852 |
20.021 |
0.000 |
|
(b)
Inventories |
0.000 |
0.000 |
0.000 |
|
(c)
Trade receivables |
131.900 |
135.216 |
104.391 |
|
(d) Cash
and cash equivalents |
18.177 |
16.401 |
44.081 |
|
(e)
Short-term loans and advances |
24.646 |
23.062 |
45.687 |
|
(f) Other
current assets |
0.485 |
0.542 |
1.204 |
|
Total
Current Assets |
203.060 |
195.242 |
195.363 |
|
|
|
|
|
|
TOTAL |
225.927 |
219.383 |
218.821 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
TOTAL |
200.124 |
153.525 |
120.217 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
180.844 |
138.638 |
108.457 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
19.280 |
14.887 |
11.760 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
9.168 |
4.770 |
2.412 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
10.112 |
10.117 |
9.348 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’
BALANCE BROUGHT FORWARD |
29.652 |
29.950 |
20.602 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
1.011 |
1.012 |
0.000 |
|
|
|
Dividend |
8.643 |
8.040 |
0.000 |
|
|
|
Tax on Dividend |
1.469 |
1.363 |
0.000 |
|
|
BALANCE CARRIED
TO THE B/S |
28.641 |
29.652 |
29.951 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Capital Goods |
0.084 |
0.014 |
3.217 |
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
5.03 |
5.03 |
4.65 |
|
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
|
|
|
|
|
Cash Generated from Operations |
NA |
NA |
NA |
|
|
|
|
|
|
Net Cash Flow from used in Operations |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
8.84 |
7.07 |
5.65 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.14 |
0.11 |
0.09 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.10 |
0.08 |
0.08 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.41 |
2.50 |
2.44 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT
EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
20.100 |
20.100 |
20.100 |
|
Reserves & Surplus |
115.446 |
116.158 |
116.159 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
135.546 |
136.258 |
136.259 |
|
|
|
|
|
|
Long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
11.504 |
11.134 |
13.370 |
|
Total
borrowings |
11.504 |
11.134 |
13.370 |
|
Debt/Equity
ratio |
0.085 |
0.082 |
0.098 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Total Income |
120.217 |
153.525 |
200.124 |
|
|
|
27.707 |
30.353 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Total Income |
120.217 |
153.525 |
200.124 |
|
Profit |
9.348 |
10.117 |
10.112 |
|
|
7.78% |
6.59% |
5.05% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10549644 |
09/02/2015 |
50,000,000.00 |
IDBI
BANK LIMITED |
IDBI TOWER,
WORLD TRADE COMPLEX, CUFFE PARADE, M |
C43860774 |
CONTINGENT
LIABILITIES:
|
Particulars |
31.03.2014 (Rs.
In Million) |
31.03.2013 (Rs.
In Million) |
|
Bank Guarantees issued |
18.118 |
9.811 |
|
Service tax matters |
8.710 |
8.710 |
CORPORATE INFORMATION
The company was incorporated on July 22, 2003.
The Registered Office of the company is at pune. The company is engaged in
providing public mobile radio Trunking Service (‘PMRTS”) duly licensed by the
department of Telecommunication having validity for a period of 20years from
the date of issue/renewal, to its subscribers. In the financial year 2009-10,
the company had acquired and consolidated its PMRTS business with various group
companies under a scheme of arrangement duty sanctioned by the Hon’ble High
Court.
FIXED ASSETS:
Tangible Assets
· Plant and Equipment
Furniture
and Fixtures
Vehicles
Office
Equipment
Computer
Electrical
Installation
Intangible Assets
· Computer Software
Trademark
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.63.89 |
|
|
1 |
Rs.99.71 |
|
Euro |
1 |
Rs.70.63 |
INFORMATION DETAILS
|
Information Gathered
by : |
NYA |
|
|
|
|
Analysis Done by
: |
KIN |
|
|
|
|
Report Prepared
by : |
ARC |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--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 |
|
46 |
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.