MIRA INFORM REPORT
|
Report No. : |
320625 |
|
Report Date : |
04.05.2015 |
IDENTIFICATION DETAILS
|
Name : |
BHARTI AIRTEL SERVICES LIMITED (w.e.f. 22.05.2011) |
|
|
|
|
Formerly Known
As : |
BHARTI COMTEL LIMITED |
|
|
|
|
Registered
Office : |
Bharti Crescent, 1, Nelson Mandela Road, Vasant Kunj, Phase – II, New
Delhi - 110070 |
|
Tel. No.: |
91-11-42666500 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as on)
: |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
05.12.1997 |
|
|
|
|
Com. Reg. No.: |
55-091001 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 1.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U64201DL1997PLC091001 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACB8917G |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is engaged in the business to sell hardware for Internet and Satellite business and rendering of manpower services to group companies. |
|
|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
B (26) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a subsidiary of “BHARTI AIRTEL LIMITED”. It is an
established company having moderate track record. The company has incurred huge accumulated losses which has eroded net
worth of the company. However, the rating takes into consideration strong financial and
managerial support that company receives from its parent company. However, trade relations are reported as fair. Business is active.
Payments are reported to be slow. In view of strong parent company support, the company can be
considered for business dealing with some caution. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – 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 |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
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
31-03-2014.
INFORMATION DENIED BY
Management non co-operative (91-11-42666500)
LOCATIONS
|
Registered Office : |
Bharti Crescent, 1, Nelson Mandela Road, Vasant Kunj, Phase – II, New
Delhi – 110070, India |
|
Tel. No. : |
91-11-42666500/ 41666000/ 46666100 |
|
Fax No. : |
91-11-41666137/ 41666011 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Office: |
Airtel Centre, Plot No. 16, Udyog Vihar, Phase IV, Gurgaon – 122001,
Haryana, India |
DIRECTORS
AS ON 29.09.2014
|
Name : |
Mr. Sridhar Natarajan |
|
Designation : |
Director |
|
Address : |
202, Guru Gram Haryana CHS Limited, Plot No.28, Sector -56, Gurgaon-122011, Haryana, India |
|
Date of Birth/Age : |
09.02.1969 |
|
Date of Appointment : |
30.03.2015 |
|
DIN No.: |
07143571 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Company/
LLP Status |
Defaulting
status |
|
1 |
U64201DL1997PLC091001 |
BHARTI AIRTEL
SERVICES LIMITED |
Additional
director |
30/03/2015 |
30/03/2015 |
Active |
NO |
|
2 |
U64200DL2010PLC201058 |
AIRTEL M
COMMERCE SERVICES LIMITED |
Additional
director |
30/03/2015 |
30/03/2015 |
Active |
NO |
|
3 |
U72200DL2013PLC254747 |
NXTRA DATA
LIMITED |
Additional
director |
30/03/2015 |
30/03/2015 |
Active |
NO |
|
4 |
U52599DL2007PLC159150 |
CEDAR SUPPORT
SERVICES LIMITED |
Additional
director |
31/03/2015 |
31/03/2015 |
Active |
NO |
|
5 |
U51909DL2007PLC158953 |
BHARTI RETAIL
LIMITED |
Additional
director |
31/03/2015 |
31/03/2015 |
Active |
NO |
|
6 |
U74120DL2007PLC158956 |
CENTUM LEARNING
LIMITED |
Additional
director |
31/03/2015 |
31/03/2015 |
Active |
NO |
|
7 |
U64200HR2009PLC039237 |
TELESONIC
NETWORKS LIMITED |
Additional
director |
31/03/2015 |
31/03/2015 |
Active |
NO |
|
Name : |
Mr. Gopal Vittal |
|
Designation : |
Director |
|
Address : |
Flat No.7, Hill Park Apartment, Alexander Graham Road, Malabar Hill, Mumbai – 400026, Maharashtra, India |
|
Date of Birth/Age : |
18.06.1966 |
|
Date of Appointment : |
30.09.2013 |
|
DIN No.: |
02291778 |
|
Other Directorship: |
|
|
S.No. |
CIN/LLPIN |
Name of the
Company/ LLP |
Current designation
of the Director/ Designated Partner |
Date of
appointment at current designation |
Original date of
appointment |
Date of
cessation |
Company/ LLP
Status |
Defaulting
status |
|
1 |
U74999PN1994PTC081290 |
KIMBERLY-CLARK LEVER
PRIVATE LIMITED |
Nominee director |
25/07/2008 |
25/07/2008 |
06/03/2012 |
Active |
NO |
|
2 |
U51900MH1963PLC012667 |
UNILEVER INDIA
EXPORTS LIMITED |
Director |
22/06/2009 |
01/09/2008 |
13/07/2009 |
Active |
NO |
|
3 |
L15140MH1933PLC002030 |
HINDUSTAN
UNILEVER LIMITED |
Whole-time
director |
03/07/2009 |
01/09/2008 |
20/01/2012 |
Active |
NO |
|
4 |
U91200MH1985GAP037820 |
THE ADVERTISING
STANDARDS COUNCIL OF INDIA |
Director |
18/09/2008 |
18/09/2008 |
31/03/2012 |
Active |
NO |
|
5 |
U24240MH1974NPL017236 |
INDIAN BEAUTY
AND HYGIENE ASSOCIATION |
Director |
24/09/2008 |
24/09/2008 |
01/03/2012 |
Active |
NO |
|
6 |
U74300MH1952GAP008859 |
THE INDIAN
SOCIETY OF ADVERTISERS |
Director |
26/09/2008 |
26/09/2008 |
26/03/2012 |
Active |
NO |
|
7 |
U85310MH2006NPL163277 |
ST. JUDE INDIA
CHILDCARE CENTRES |
Director |
10/09/2010 |
12/01/2010 |
- |
Active |
NO |
|
8 |
L74899DL1995PLC070609 |
BHARTI AIRTEL
LIMITED |
Managing
director |
01/04/2014 |
01/02/2013 |
- |
Active |
NO |
|
9 |
U64200DL2010PLC201058 |
AIRTEL M
COMMERCE SERVICES LIMITED |
Director |
05/09/2013 |
29/04/2013 |
29/09/2014 |
Active |
NO |
|
10 |
U64201DL1997PLC091001 |
BHARTI AIRTEL
SERVICES LIMITED |
Director |
30/09/2013 |
12/07/2013 |
- |
Active |
NO |
|
11 |
U72900MH2007PTC175384 |
AIRTEL BROADBAND
SERVICES PRIVATE LIMITED |
Director |
30/09/2013 |
12/07/2013 |
- |
Active |
NO |
|
12 |
U64200DL2010PTC205333 |
WIRELESS
BROADBAND BUSINESS SERVICES (DELHI) PRIVATE LIMITED |
Additional
director |
12/07/2013 |
12/07/2013 |
- |
Amalgamated |
NO |
|
13 |
U64200DL2010PTC205336 |
WIRELESS
BROADBAND BUSINESS SERVICES (KERALA) PRIVATE LIMITED |
Additional
director |
12/07/2013 |
12/07/2013 |
- |
Amalgamated |
NO |
|
14 |
U64200DL2010PTC205334 |
WIRELESS BROADBAND
BUSINESS SERVICES (HARYANA) PRIVATE LIMITED |
Additional
director |
12/07/2013 |
12/07/2013 |
- |
Amalgamated |
NO |
|
15 |
U92100DL2007PLC170574 |
INDUS TOWERS
LIMITED |
Director |
19/05/2014 |
19/07/2013 |
- |
Active |
NO |
|
16 |
U32204DL2008PLC183976 |
BHARTI TELEPORTS
LIMITED |
Director |
29/09/2014 |
24/06/2014 |
- |
Active |
NO |
|
17 |
U92200DL2006PLC156075 |
BHARTI TELEMEDIA
LIMITED |
Director |
29/09/2014 |
29/08/2014 |
- |
Active |
NO |
|
Name : |
Ms. Shweta Girotra |
|
Designation : |
Director |
|
Address : |
B-8/18, Sector-3, Rohini, Delhi-110085, India |
|
Date of Birth/Age : |
15.02.1979 |
|
Date of Appointment : |
30.03.2015 |
|
DIN No.: |
06571651 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Company/
LLP Status |
Defaulting
status |
|
1 |
U64201DL1997PLC091001 |
BHARTI AIRTEL
SERVICES LIMITED |
Additional director |
30/03/2015 |
30/03/2015 |
Active |
NO |
|
2 |
U64200DL2010PLC201058 |
AIRTEL M
COMMERCE SERVICES LIMITED |
Additional
director |
30/03/2015 |
30/03/2015 |
Active |
NO |
|
3 |
U72200DL2013PLC254747 |
NXTRA DATA
LIMITED |
Additional
director |
30/03/2015 |
30/03/2015 |
Active |
NO |
|
4 |
U64200HR2009PLC039237 |
TELESONIC
NETWORKS LIMITED |
Additional
director |
31/03/2015 |
31/03/2015 |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2014
|
Name
of Shareholders |
No. of
Shares |
%age |
|
Akhil Gupta |
1 |
0.00 |
|
Bharti Airtel Limited |
99,994 |
99.99 |
|
Devendra Khanna |
1 |
0.00 |
|
Rajan Bharti Mittal |
1 |
0.00 |
|
Rakesh Bharti Mittal |
1 |
0.00 |
|
Sunil Bharti Mittal |
1 |
0.00 |
|
Viresh Dayal |
1 |
0.00 |
|
TOTAL |
100,000 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
AS ON 29.09.2014
|
Category |
Percentage |
|
Bodies corporate |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the business to sell hardware for Internet and Satellite business and rendering of manpower services to group companies. |
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Products : |
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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 : |
Not Divulged |
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|
|
|
||||
|
Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Not Divulged |
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|
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|
Bankers : |
IDBI Bank Limited, 11 Floor, Surya Kiran Building, 19, Kasturba Gandhi
Marg, New Delhi-110001, Delhi, India |
|
|
|
|
Banking
Relations : |
|
|
|
|
|
Auditors : |
|
|
Name : |
S.R. Batliboi and Associates LLP Chartered Accountants |
|
Address : |
Golf Course Corporate, Tower B, Sector 42, Golf Course Roa,d Gurgaon – 122002, Haryana, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AABFS3421N |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Holding Company : |
Bharti Airtel Limited CIN No.:
L74899DL1995PLC070609 |
|
|
|
|
Joint Venture : |
|
|
|
|
|
Fellow Subsidiary Company : |
CIN No.: U74899DL1995PLC067527
CIN No.: U64200HR2009PLC039237
CIN No.: U72200DL2013PLC254747
CIN No.: U92200DL2006PLC156075
CIN No.: L64201DL2006PLC156038
CIN No.: U64200DL2010PLC201058
|
|
|
|
|
Enterprises which
are owned, or have significant influence of or are partners with Key
management personnel and their relatives : |
|
CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
Rs.10/- each |
Rs. 10.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000 |
Equity Shares |
Rs.10/- each |
Rs. 1.000
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 |
1.000 |
1.000 |
1.000 |
|
(b) Reserves & Surplus |
(856.000) |
(687.000) |
(601.000) |
|
(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) |
(855.000) |
(686.000) |
(600.000) |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
634.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities
(Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
970.000 |
915.000 |
731.000 |
|
(d) long-term provisions |
204.000 |
160.000 |
142.000 |
|
Total
Non-current Liabilities (3) |
1808.000 |
1075.000 |
873.000 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
56.000 |
|
(b) Trade payables |
1379.000 |
945.000 |
721.000 |
|
(c) Other current liabilities |
1050.000 |
730.000 |
722.000 |
|
(d) Short-term provisions |
177.000 |
196.000 |
194.000 |
|
Total
Current Liabilities (4) |
2606.000 |
1871.000 |
1693.000 |
|
|
|
|
|
|
TOTAL |
3559.000 |
2260.000 |
1966.000 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
457.000 |
240.000 |
245.000 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
24.000 |
17.000 |
46.000 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
48.000 |
46.000 |
46.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and
Advances |
61.000 |
0.000 |
0.000 |
|
(e) Other Non-current assets |
1.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
591.000 |
303.000 |
337.000 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
413.000 |
0.000 |
0.000 |
|
(b) Inventories |
567.000 |
258.000 |
190.000 |
|
(c) Trade receivables |
365.000 |
334.000 |
359.000 |
|
(d) Cash and cash equivalents |
96.000 |
150.000 |
68.000 |
|
(e) Short-term loans and
advances |
674.000 |
614.000 |
516.000 |
|
(f) Other current assets |
853.000 |
601.000 |
496.000 |
|
Total
Current Assets |
2968.000 |
1957.000 |
1629.000 |
|
|
|
|
|
|
TOTAL |
3559.000 |
2260.000 |
1966.000 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
5,553.000 |
4775.000 |
4400.000 |
|
|
Other Income |
51.000 |
14.000 |
14.000 |
|
|
TOTAL
(A) |
5604.000 |
4789.000 |
4414.000 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Purchases of Stock-in-Trade |
0.000 |
0.000 |
707.000 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
956.000 |
820.000 |
(2.000) |
|
|
Employees benefits expense |
2915.000 |
2858.000 |
2638.000 |
|
|
Other expenses |
1729.000 |
990.000 |
967.000 |
|
|
TOTAL
(B) |
5600.000 |
4668.000 |
4310.000 |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (C) |
4.000 |
121.000 |
104.000 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
1.000 |
1.000 |
2.000 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
3.000 |
120.000 |
102.000 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION (F) |
168.000 |
146.000 |
245.000 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F) (G) |
(165.000) |
(26.000) |
(143.000) |
|
|
|
|
|
|
|
Less |
TAX
(I) |
4.000 |
60.000 |
13.000 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-I)
(J) |
(169.000) |
(86.000) |
(156.000) |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
|
|
|
|
|
Service Revenue |
809.000 |
985.000 |
737.000 |
|
|
TOTAL
EARNINGS |
809.000 |
985.000 |
737.000 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Capital Goods |
175.000 |
91.000 |
120.000 |
|
|
TOTAL
IMPORTS |
175.000 |
91.000 |
120.000 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
(1690.00) |
(860.00) |
(1560.00) |
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
Net Profit Margin |
(%) |
(3.04) |
(1.80) |
(3.55) |
|
|
|
|
|
|
|
|
|
Operating Profit Margin |
(%) |
0.07 |
2.53 |
2.36 |
|
|
|
|
|
|
|
|
|
Return on Total Assets |
(%) |
(4.73) |
(1.18) |
(7.63) |
|
|
|
|
|
|
|
|
|
Return on Investment (ROI) |
|
0.19 |
0.04 |
0.24 |
|
|
|
|
|
|
|
|
|
Debt Equity Ratio |
|
(0.74) |
0.00 |
(0.09) |
|
|
|
|
|
|
|
|
|
Current Ratio |
|
1.14 |
1.05 |
0.96 |
|
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(INR
in Mlns.) |
(INR
in Mlns.) |
(INR
in Mlns.) |
|
Share Capital |
1.000 |
1.000 |
1.000 |
|
Reserves & Surplus |
(601.000) |
(687.000) |
(856.000) |
|
Net
worth |
(600.000) |
(686.000) |
(855.000) |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
634.000 |
|
Short term borrowings |
56.000 |
0.000 |
0.000 |
|
Total
borrowings |
56.000 |
0.000 |
634.000 |
|
Debt/Equity
ratio |
(0.093) |
0.000 |
(0.742) |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(INR
in Mlns) |
(INR
in Mlns) |
(INR
in Mlns) |
|
Sales |
4,400.000 |
4,775.000 |
5,553.000 |
|
|
|
8.523 |
16.293 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(INR) |
(INR) |
(INR) |
|
Sales |
4,400.000 |
4,775.000 |
5,553.000 |
|
Profit |
(156.000) |
(86.000) |
(169.000) |
|
|
(3.55)% |
(1.80)% |
(3.04)% |
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) |
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 |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
FACILITIES
|
Unsecured Loan |
31.03.2014 01.(Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
Long-term
Borrowings |
|
|
|
Loans from Holding Company |
634.000 |
0.000 |
|
|
|
|
|
Total |
634.000 |
0.000 |
INDEX OF CHARGES: NO
CHARGES EXIST FOR COMPANY
CHANGE OF ADDRESS
The registered office of the company has been shifted from Aravali Crescent 1, Nelson Mandela Road, Vasant Kunj, Phase-II, New Delhi, 110070, India to the present address w.e.f. 09.02.2010.
CORPORATE INFORMATION
Subject incorporated in India on December 5, 1997 is a Company promoted by Bharti Airtel Limited (Bharti), a Company incorporated under laws of India. The object of the Company is to sell hardware for Internet and Satellite business, telecommunication equipments, handsets and rendering of manpower services to group companies.
FINANCIAL RESULTS AND
RESULTS OF OPERATION
The income of the Company has increased by Rs. 815.000 Million from Rs. 4,789.000 Million in 2012-13 to Rs. 5,604.000 Million in 2013-14. The Profit before depreciation and taxation for the year ended March 31, 2014 is Rs. 3.000 Million as compared to Rs.120.000 Million. for year ended March 31, 2013.
FIXED ASSETS
· Freehold Land
· Building
· Plant and Machinery
· Furniture and Fixtures
· Office Equipment
· Computer
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
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.63.57 |
|
|
1 |
Rs.97.98 |
|
Euro |
1 |
Rs.70.53 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
KRN |
|
|
|
|
Report Prepared
by : |
DPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILITY |
1~10 |
-- |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
26 |
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.