MIRA INFORM REPORT
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Report No. : |
311999 |
|
Report Date : |
14.03.2015 |
IDENTIFICATION DETAILS
|
Name : |
CTRL S DATACENTERS LIMITED |
|
|
|
|
Registered
Office : |
Ground Floor, Pioneer towers, Plot No.16, Software Units Layout, Madhapur,
Hyderabad – 500081, Telangana |
|
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Country : |
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Financials (as
on) : |
31.03.2014 |
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|
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Date of
Incorporation : |
18.10.2007 |
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|
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Com. Reg. No.: |
36-056007 |
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Capital
Investment / Paid-up Capital : |
Rs.4.479 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U72200TG2007PLC056007 |
|
|
|
|
TIN No.: |
28662119493 |
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|
IEC No.: |
0908000677 |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
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PAN No.: [Permanent Account No.] |
AADCC1951A |
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|
Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Providing Datacenter Services. |
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|
|
|
No. of Employees
: |
Information denied by management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (50) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 6450000 |
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|
|
|
Status : |
Satisfactory |
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|
|
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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. Trade relations are fair. Business is active. Payment terms are reported
as usually correct. The company can be considered for business dealings at usual 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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
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
|
Rating Agency Name |
INDIA |
|
Rating |
Long Term Rating = BBB+ |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk. |
|
Date |
17.10.2014 |
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 DENIED BY
|
Name : |
Mr. Kumar |
|
Designation : |
Assistant Manager |
|
Contact No.: |
91-9963029265 |
|
Date : |
13.03.2015 |
LOCATIONS
|
Registered Office : |
Ground Floor, Pioneer towers, Plot No.16, Software Units Layout,
Madhapur, Hyderabad – 500081, Telangana, India |
|
Tel. No.: |
91-40-23112424 / 30580600 / 42030700 |
|
Mobile No.: |
91-9963029265 (Mr. Kumar) |
|
Fax No.: |
91-40-23116055 |
|
E-Mail : |
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|
Website : |
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|
|
|
Corporate Office : |
Office No. 106, Level 01, 3 Trade Center, Bandra East, Bandra Kurla
Complex, Mumbai – 400051, Maharashtra, India |
|
Tel. No.: |
91-22-27610772 / 27610779 / 27610778 |
|
|
|
|
Branch Office : |
3rd Floor, EL-72/1A, TTC Industrial Area, MIDC, Mahape, Navi Mumbai - 400701 , India |
|
Tel. No.: |
91-22-66328000 |
|
Fax No.: |
91-22-66328985 |
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|
|
|
Branch Offices : |
Also Located At
|
DIRECTORS
As on 29.09.2014
|
Name : |
Mr. Pinnapureddy Sridhar Reddy |
|
Designation : |
Managing Director |
|
Address : |
8-2-269 / 4, Road No.02, Banjara Hills, Hyderabad – 500024, Telangana
, India |
|
Date of Birth/Age : |
23.04.1972 |
|
Date of Appointment : |
22.07.2013 |
|
Qualification : |
Bachelor of Engineering |
|
DIN No.: |
0016109 |
|
PAN No.: |
AGFPP2118R |
|
|
|
|
Name : |
Mr. Busireddy Prabhakar Reddy |
|
Designation : |
Director |
|
Address : |
2-2-20 / B/ 9, DD Colony, Bagh Amberpet, Hyderabad – 500024, Telangana
, India |
|
Date of Birth/Age : |
27.02.1952 |
|
Qualification : |
Bachelor of Technology |
|
Date of Appointment : |
18.10.2007 |
|
DIN No.: |
00030500 |
|
|
|
|
Name : |
Mr. Pinnapureddy Mohan Reddy |
|
Designation : |
Additional director |
|
Address : |
|
|
Date of Birth/Age : |
03.07.1936 |
|
Date of Appointment : |
20.12.2011 |
|
DIN No.: |
01537845 |
|
|
|
|
Name : |
Madduri Anand Balakrishna |
|
Designation : |
Additional director |
|
Address : |
FTC – 11 / F,
branksome, Grande,
3 Tregunter Path, Mid-Level, Hong Kong |
|
Date of Birth/Age : |
11.08.1972 |
|
Date of Appointment : |
01.07.2013 |
|
DIN No.: |
01038783 |
|
|
|
|
Name : |
Mr. Zoltan Varga |
|
Designation : |
Additional director |
|
Address : |
Chateau De Peak,
8 MT,
Kellett
Road, The Peak Hong Kong, China |
|
Date of Birth/Age : |
25.02.1974 |
|
Date of Appointment : |
22.10.2009 |
|
DIN No.: |
01336565 |
KEY EXECUTIVES
|
Name : |
Mr. Kumar |
|
Designation : |
Assistant Manager |
MAJOR SHAREHOLDERS
As on 29.09.2014
|
Names of Equity Shareholders |
|
No. of Shares |
|
P. Sridhar Reddy |
|
7872 |
|
B. Prabhakar Reddy |
|
1 |
|
M.V.V. Srinivasa Rao |
|
1 |
|
M. Shiva Senani |
|
1 |
|
G.S. Prasad Rao |
|
1 |
|
M. Kiran Kumar |
|
1 |
|
Nirmal Kumar |
|
1 |
|
Tier
IV Datacenters Limited |
|
220380 |
|
AMIF
Re Investments XI Limited |
|
143471 |
|
Total |
|
371729 |
|
Names of Preference Shareholder |
|
No. of Shares |
|
Tier
IV Datacenters Limited |
|
76190 |
|
Total |
|
76190 |
Equity Share Break up (Percentage of Total Equity)
As on 29.09.2014
|
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 |
38.59 |
|
Bodies corporate |
59.30 |
|
Directors or relatives of Directors |
2.11 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Providing Datacenter Services. |
|
|
|
|
Products / Services : |
Datacenter 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 : |
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Selling : |
Not Divulged |
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Purchasing : |
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 : |
Information denied by management |
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Bankers : |
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Facilities : |
Notes: Long Term Borrowings Security Details: Term loans Term loan from bank is secured by assignment of revenue from certain customers, first charge over Company assets other than assets exclusively charged for vehicle loan and short-term borrowings, both present and future Further the loan is guaranteed by one of the directors and Pioneer Elabs Limited. Vehicle loan Secured by charge over asset for which finance has been provided. b) Repayment and other terms of loans are as follows:
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|
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Auditors : |
|
|
Name : |
S. R. Batliboi and Associates LLP Chartered Accountants |
|
Address : |
Oval
Office, 18, ilabs Centre Hitech City, Madhapur, Hyderbad – 500081, India |
|
Tel. No.: |
91-40-67362000 |
|
Fax No.: |
91-40-67362200 |
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PAN No.: |
AABFS3421N |
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Memberships : |
-- |
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Collaborators : |
-- |
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Holding Company : |
CIN No.: U74999TG2008PLC057981 |
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Enterprise exercising significant
influence : |
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Enterprises in which Key management
personnel has significant influence : |
CIN No.:
U72900TG1998PLC030728
CIN No.:
U72200TG2003PTC040445
CIN No.: U22219TG2004PTC043030 |
CAPITAL STRUCTURE
As on 29.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4500000 |
Equity Shares |
Rs.10/- each |
Rs.45.000 Million |
|
500000 |
Preference Shares |
Rs.10/- each |
Rs.5.000 Million |
|
|
Total |
|
Rs.50.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
371729 |
Equity Shares |
Rs.10/- each |
Rs.3.717
Million |
|
76190 |
Preference Shares |
Rs.10/- each |
Rs.0.762
Million |
|
|
Total |
|
Rs.4.479 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 |
4.479 |
4.135 |
3.793 |
|
(b) Reserves & Surplus |
2254.167 |
1377.671 |
868.675 |
|
(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) |
2258.646 |
1381.806 |
872.468 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
1337.508 |
1435.948 |
1240.584 |
|
(b) Deferred tax liabilities (Net) |
98.213 |
28.733 |
21.296 |
|
(c) Other long term
liabilities |
22.836 |
13.887 |
18.420 |
|
(d) long-term
provisions |
6.870 |
4.665 |
2.342 |
|
Total Non-current
Liabilities (3) |
1465.427 |
1483.233 |
1282.642 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
68.490 |
72.419 |
0.000 |
|
(b) Trade
payables |
102.987 |
76.770 |
64.031 |
|
(c) Other
current liabilities |
349.811 |
262.050 |
460.288 |
|
(d) Short-term
provisions |
0.521 |
5.556 |
5.361 |
|
Total Current
Liabilities (4) |
521.809 |
416.795 |
529.680 |
|
|
|
|
|
|
TOTAL |
4245.882 |
3281.834 |
2684.790 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
2479.141 |
2274.844 |
2113.467 |
|
(ii)
Intangible Assets |
41.291 |
14.039 |
8.065 |
|
(iii)
Capital work-in-progress |
368.427 |
178.670 |
6.653 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
244.080 |
172.576 |
128.421 |
|
(e) Other
Non-current assets |
168.339 |
74.567 |
46.110 |
|
Total Non-Current
Assets |
3301.278 |
2714.696 |
2302.716 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
0.000 |
0.000 |
0.000 |
|
(c) Trade
receivables |
382.985 |
227.053 |
76.227 |
|
(d) Cash
and cash equivalents |
459.590 |
214.695 |
272.841 |
|
(e) Short-term
loans and advances |
36.498 |
79.438 |
16.273 |
|
(f) Other
current assets |
65.531 |
45.952 |
16.733 |
|
Total
Current Assets |
944.604 |
567.138 |
382.074 |
|
|
|
|
|
|
TOTAL |
4245.882 |
3281.834 |
2684.790 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
||
|
|
SALES |
|
|
|
||
|
|
|
Income |
1,222.777 |
832.063 |
430.533 |
|
|
|
|
Other Income |
42.868 |
19.149 |
26.544 |
|
|
|
|
TOTAL (A) |
1,265.645 |
851.212 |
457.077 |
|
|
|
|
|
|
|
||
|
Less |
EXPENSES |
|
|
|
||
|
|
|
Purchases of Stock-in-Trade |
42.967 |
4.992 |
5.373 |
|
|
|
|
Employees benefits expense |
169.496 |
121.181 |
78.022 |
|
|
|
|
Other expenses |
490.140 |
372.820 |
213.681 |
|
|
|
|
Prior period items before tax |
0.000 |
(4.197) |
0.000 |
|
|
|
|
TOTAL (B) |
702.603 |
503.190 |
297.076 |
|
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
563.042 |
356.416 |
160.001 |
||
|
|
|
|
|
|
||
|
Less |
FINANCIAL
EXPENSES (D) |
197.804 |
216.03 |
76.873 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)
(E) |
365.238 |
140.386 |
83.128 |
||
|
|
|
|
|
|
||
|
Less |
DEPRECIATION/
AMORTISATION (F) |
168.918 |
123.612 |
68.847 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE TAX (E-F) (G) |
196.320 |
16.774 |
14.281 |
||
|
|
|
|
|
|
||
|
Less |
TAX (H) |
69.48 |
7.436 |
6.096 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS) AFTER
TAX (G-H) (I) |
126.840 |
9.338 |
8.185 |
||
|
|
|
|
|
|
||
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
42.212 |
32.674 |
24.489 |
||
|
|
|
|
|
|
||
|
|
BALANCE CARRIED
TO THE B/S |
168.852 |
42.212 |
32.674 |
||
|
|
|
|
|
|
||
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
||
|
|
|
Export Earnings |
52.180 |
37.025 |
6.885 |
|
|
|
TOTAL EARNINGS |
52.180 |
37.025 |
6.885 |
||
|
|
|
|
|
|
||
|
|
IMPORTS |
|
|
|
||
|
|
|
Capital Goods |
56.386 |
9.172 |
10.304 |
|
|
|
|
Trading Goods |
0.000 |
3.168 |
0.000 |
|
|
|
TOTAL IMPORTS |
56.386 |
12.340 |
10.304 |
||
|
|
|
|
|
|
||
|
|
Earnings /
(Loss) Per Share (Rs.) |
|
|
|
||
|
|
Basic |
358.21 |
29.33 |
27.00 |
||
|
|
Diluted
|
298.52 |
24.41 |
22.68 |
||
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
10.37 |
1.12 |
1.90 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
46.05 |
42.84 |
37.16 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
5.06 |
0.54 |
0.53 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.09 |
0.01 |
0.02 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.62 |
1.09 |
1.42 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.81 |
1.36 |
0.72 |
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 |
3.793 |
4.135 |
4.479 |
|
Reserves & Surplus |
868.675 |
1377.671 |
2254.167 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
872.468 |
1381.806 |
2258.646 |
|
|
|
|
|
|
Long Term borrowings |
1240.584 |
1435.948 |
1337.508 |
|
Short Term borrowings |
0.000 |
72.419 |
68.490 |
|
Total
borrowings |
1240.584 |
1508.367 |
1405.998 |
|
Debt/Equity
ratio |
1.422 |
1.092 |
0.622 |
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 |
|
Sales |
430.533 |
832.063 |
1,222.777 |
|
|
|
93.263 |
46.957 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
Rs.
In Million |
Rs.
In Million |
Rs.
In Million |
|
Sales
|
430.533 |
832.063 |
1,222.777 |
|
Profit |
8.185 |
9.338 |
126.840 |
|
|
1.90% |
1.12% |
10.37% |
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 |
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 |
CORPORATE
INFORMATION
The Company is in the business of providing datacenter services for both primary as well as secondary storage of information.
REVIEW OF
PERFORMANCE:
During the year, the Company has registered a turnover of Rs.1265.645 Million against Rs.852.266 Million in the previous year. Earnings before Interest, Depreciation and tax (EBIDTA) of Rs.563.041 Million has been made during the year as against EBIDTA of Rs.352.219 Million in the previous year. This year to year increase in the turnover is 49% and EBIDTA is 60%.
FUTURE OUTLOOK
The Indian datacenter market continues to expand as more powerful technologies emerge, more people get connected to the internet, new cloud computing models are developed and an uncontrollable explosion of data takes place. At the backdrop of this all the need for new regulatory and compliance issues drive the requirement for further infrastructure growth.
According to the Datacenter Dynamics 2013-14 Annual Census, India is now the world's third largest internet user after US and China, with an estimated number of 151,598,994 users making it one the Hyper emerging Markets in the world. With white space expected to grow at 13%, power requirements are estimated to go up by 20% to 1,555,000 kw in 2014 from 1,30,000 kw in 2013. India will become one of the 5 largest datacenter markets in the world by 2050 and this presents a unique opportunity to the datacenter industry here. Validating this prediction we see a spiked demand for higher storage capacity, performance, connectivity and security. With BYOD, big data, and cloud becoming the norm in everyday life, data centers are under ever-increasing pressure to provide seamless services.
While datacenter investments in India are growing rapidly, Cloud is certainly the next big focus. According to a recent survey, Cloud services in India are expected to be strong across all cloud segments through 2017. While business-process-as-a-service (BPaaS) is anticipated to grow from $63.6 million in 2013 to $168 million in 2017, SaaS is expected to grow from $174 million in 2013 to $552 million in 2017. Whileis expected to grow from $59.2 million in 2013 to $156.3 million in 2017. In the Long term India has the Potential to become a hub of datacenter hosting for nearby markets such as Middle East, East Africa and South East Asia. There is enough capacity and diversity of network connectivity to these regions to allow applications to be managed out of India.
The Company being a Tier IV datacenter with large datacenter capacity located major metros in the country is fully equipped to take advantages of the growth in Datacenter market in India.
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10413281 |
29/01/2013 |
100,000,000.00 |
Corporation Bank |
3-6-285, Ameer
Mahal Apts, Adjacent To Cdr Hospital, Hyderguda, Hyderabad, Telangana - 500029, |
B71288450 |
|
2 |
10411501 |
06/08/2014 * |
2,150,000,000.00 |
Allahabad Bank |
1st Floor, Srinivasa Plaza, 6-3-850/3, Ameerpet Main Road, Hyderabad, Telangana - 500016, India |
C17823014 |
|
3 |
10202794 |
31/12/2010 * |
2,500,000,000.00 |
Allahabad Bank |
1st Floor, Srinivasa Plaza, 6-3-850/3, Ameerpet Main Road, Hyderabad, Telangana - 500016, India |
B07309917 |
*Date of modification Charges
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Computer
·
Vehicles
·
Furniture and Fixture
PRESS RELEASES
CTRLS HONORED WITH RECOGNITION
FOR 'PUBLIC CLOUD SERVICES LARGE
ENTERPRISE' FROM INDIAN CIOS
29.01.2014
CtrlS Datacenters
Limited., a leading MSP which owns the Asia's largest Tier 4 Datacenters, was
conferred the honor in the category of 'Public Cloud Services - Large
Enterprise' at the recently held CIO Choice Red Carpet event in Mumbai. For the
second consecutive year, CtrlS has been chosen as the most preferred IT/ ITES
brand by CIOs across India.
CtrlS is the largest
and foremost provider of cloud services to many of India's biggest and most
reputed companies in both private as well as public sector. BFSI, eCommerce,
manufacturing, IT services and logistics companies, choose CtrlS for premium
cloud services combined with unmatched expertise in managed services.
"Winning this
award for the second time has re-energized the entire organization. Our focus
now is to repeat the success story, with new service offerings. We believe that
the best of our offerings are yet to come. We are thrilled to be part of this
timeframe, when cloud is at the cusp of transforming more businesses than
ever," said Mr. Sridhar Pinnapureddy, Founder and CEO, CtrlS Datacenters
Limited. CtrlS solutions enable customers to support changing business models
at the right time, the right place, and from the best sources, and flexibly
deliver IT services in the manner that best serves business needs.
This 2nd annual list
mentions the recognized brands of ICT vendors that are determined through an
independent CIO voting survey from across the country on product performance,
customer satisfaction and continued customer service. It is a recognition and
validation that CIOs can trust because it is 'By the CIO and for the CIO'. It
offers the CIO community an authentic aid to finding and considering the most
preferred and stable products, services and solutions. In a practical world - innovation,
quality of services, and cost to customer are critical measures for vendor
recognition.
CIO Choice
"CIO Choice
trust seal is validation from CIO community trust in the recognized
brand," said Anoop Mathur, President at Centre of Recognition and
Excellence.
About CtrlS Datacenters Limited.
Incorporated in
2007, CtrlS is India's leading IT infrastructure and managed hosting
services provider with offerings comprising of datacenter infrastructure,
disaster recovery, storage and backup, application hosting, hardware, cloud
computing, platforms, network and security solutions.
With India's only Tier 4 Datacenter to its credit, CtrlS provides unmatched hosting capabilities. CtrlS' state-of-the-art datacenters across Hyderabad, Mumbai and Delhi (upcoming) are spread over combined areas of 340,000 sq.ft. (appx.). It offers a comprehensive range of sophisticated and contemporary solutions. Our solutions enable customers to support changing business models at the right time, the right place, and using the best-in-class resources, and flexibly deliver IT services in a manner that best serves business
REDINGTON INDIA UP ON DEAL WITH CTRLS DATACENTERS
MUMBAI JUNE 7, 2013
Shares of Redington India were up over 2% at Rs 79 after the company announced that CtrlS Datacenters Limited has appointed the company as National Distributor for its cloud offerings.
Shares of Redington India were up over 2% at Rs 79 after the company announced that CtrlS Datacenters Limited has appointed the company as National Distributor for its cloud offerings.
CtrlS is a part of Pioneer Group, which is primarily involved in IT - services,
consulting and infrastructure. CtrlS has developed the capabilities to provide
platform level services which includes data center infrastructure, storage,
backup, hardware, OS layers, network and security layers, the release said.
This partnership will enable Redington to enhance its "Cloud"
portfolio and is expected to offer significant value to its partners in an
emerging technology area, the release added.
Over 180,000 shares were traded on both the stock exchanges so far.
CTRLS CROSSES RS 1000.000 MILLION ANNUITY REVENUE
FEBRUARY 26, 2013
CtrlS Datacenters, a city-based IT-enabled managed services provider owning Asia's largest Tier-IV datacentre, has crossed Rs 1000.000 Million in annuity revenue during the 2012 calendar. The company closed the previous financial year ended March 31, 2012, where it recorded annuity revenue of Rs 479.200 Million.
“Today, close to 40 per cent of our revenue comes from the banking, financial
services and insurance (BFSI) sector. We see a huge potential in the market and
hope to capture a huge share in the market,” CtrlS founder and chief executive officer
Sridhar Reddy said on Tuesday.
CtrlS currently owns and operates two facilities in Hyderabad and Mumbai. While
the Hyderabad centre consists of 20,000 sft with a rack capacity of 972 and
power capacity of 10 Mw, the 200,000-sft Mumbai facility can house 5,000 racks
with a 30-Mw of power capacity.
“A third facility is due for launch in the Delhi region during 2013,” he said.
CTRLS PLANS TO INVEST RS 626 CRORE IN TWO
NEW DATA CENTRES
BENGALURU: CtrlS DataCenters plans to invest Rs.6260.000 Million to build two new data centres in Bengaluru and Chennai even as multinationals such as Microsoft, Amazonand IBM are investing on data centres in India.
"We would be spending this money in three phases over five years," said Sridhar Pinnapureddy, CEO and founder of the Hyderabadbased datacentre provider. "In the first phase, we'll spend $30 million (approximately Rs 185 crore)." He said this investment will be over and above what the company expects to spend on building its cloud services.
CtrlS is building a 1-lakh sq ft datacentre in Bengaluru and a 20,000-sq ft datacentre in Chennai.It already has three large datacentres a 2-lakh sq ft centre in Mumbai, a 40,000 sq ft centre in Hyderabad and a 1-lakh sq ft data centre in Delhi.
In 2013-14, the company grew about 60 per cent to Rs.1250.000 Million. "We are seeing a number of large enterprises decided to outsource their entire IT to our datacentres," Pinnapureddy said. The company hosts IT infrastructure of over 300 large enterprises including American Bank, Axis Bank, United Overseas Bankof Singapore, National Stock Exchange and Bombay Stock Exchange.
With a stable government and improved political situation, analysts expect IT spending by enterprises to increase.
In the last one year, building datacentres in India has become one of the priorities for global IT com panies such as Microsoft, IBM and Amazon.
While IBM has already started its first datacentre in Mumbai, Microsoft has announced Rs.14000.000 Million investment in setting up three data centres in the country.
Amazon is similarly expected to come up with a local data centre soon.
With the entry of these global players, small local vendors would be under pressure and that's one reason why CtrlS is ramping up its capacity. "We will continue to have the highest datacentre capacity for at, least the next couple of years when the global companies enter India. By the time they are here, we would have ramped up our ca pacity much higher," Pinnapured dy said.
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.62.57 |
|
|
1 |
Rs.93.57 |
|
Euro |
1 |
Rs.65.95 |
INFORMATION DETAILS
|
Information
Gathered by : |
PPT |
|
|
|
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
VNT |
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 |
|
--PROFITABILITY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--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 |
|
50 |
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.