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|
|
MIRA INFORM REPORT
|
Report No. : |
485966 |
|
Report Date : |
13.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
ANDREW TELECOMMUNICATIONS INDIA PRIVATE LIMITED |
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|
|
|
Registered
Office : |
Plot No. N-2, Phase IV, Verna Industrial Estate, Verna, Salcette –
403722, Goa |
|
Tel. No.: |
91-832-6685025 / 6685200 |
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|
|
Country : |
India |
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|
|
Financials (as
on) : |
31.03.2017 |
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|
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Date of
Incorporation : |
09.10.1997 |
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|
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Com. Reg. No.: |
24-002452 |
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Capital
Investment / Paid-up Capital : |
INR 49.404 Million |
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|
|
|
CIN No.: [Company Identification
No.] |
U32204GA1997PTC002452 |
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|
|
|
IEC No.: |
1797000683 |
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|
|
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TAN No.: [Tax Deduction & Collection
Account No.] |
BLRA04908B |
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PAN No.: [Permanent Account No.] |
AABCA8820A |
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|
|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
The business of the Company is organized into three segments ie wireless products, enterprise products and services. Wireless : - The wireless products segment produces broad range of Base station Antennas, Microwave Antennas, Cables, Cable Assemblies, Connectors and Accessories which are used for Radio Frequency transmission for mobile connectivity. Enterprise :- The enterprise products segment includes production of Copper cable, Copper Apparatus, Copper Patch cords, Fiber Cable and Fiber Apparatus a premises connectivity system, or distribution system, allows telephones, PCs, control systems and other devices such as video surveillance cameras to communicate with each other. Others :- The others segment includes global Information technology support service and sales services to entities within the organization [Registered activity] Note: Line of business is updated as per latest annual report 2017. |
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|
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No. of Employees
: |
Not Divulged |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A+ |
|
Credit Rating |
Explanation |
Rating Comments |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
Maximum Credit Limit : |
USD 8184000 |
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|
|
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Status : |
Good |
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|
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 1997. It is a subsidiary of Commscope Technologies LLC, United States. As per the financial of 2017, the company has reported a decline in its revenue as compared to the previous year but has managed to maintain an average net profit margin of 1.34%. The rating takes into consideration the strong financial position of the company marked by sound net worth base along with comfortable liquidity parameters. Business is active. Payments are reported to be regular. In view of aforesaid, the company can be considered for business dealings at usual trade terms and condition. Note: Information regarding No. of Employee, Import & Export,
Payments Terms, Banker and customer types are not available from any sources
and management also denied to provide the information on the same. |
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
|
Country Name |
Previous Rating (30.06.2017) |
Current Rating (30.09.2017) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
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
31-03-2016.
BIFR (Board for Industrial & Financial Reconstruction) LISTING STATUS
Subject’s name is not listed as a Sick Unit in
the publicly available BIFR (Board for Industrial & Financial
Reconstruction) list as of 13.01.2018
IBBI (Insolvency and Bankruptcy Board of India) LISTING STATUS
Subject’s name is not listed in the publicly
available IBBI (Insolvency and Bankruptcy Board of India) list as of report
date.
INFORMATION DENIED BY
|
Name : |
Mr. Niranjan Rajendran |
|
Designation : |
Procurement Department |
|
Contact No.: |
91-9823170470 |
|
Date : |
12.01.2018 |
LOCATIONS
|
Registered Office/Factory : |
Plot No. N-2, Phase IV, Verna Industrial Estate, Verna, Salcette –
403722, Goa, India |
|
Tel. No.: |
91-832-6685261 / 142 / 200 / 201 / 202 |
|
Mobile No.: |
91-9823170470 (Mr. Niranjan Rajendran) |
|
Fax No.: |
91-832-6685104 |
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E-Mail : |
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Website : |
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Location : |
Owned |
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Locality : |
Industrial |
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|
|
|
Sales Office : |
Located at: ·
Chennai ·
Bangalore ·
Mumbai ·
Delhi |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Antonio Augusto Do Rego |
||||||||
|
Designation : |
Managing Director |
||||||||
|
Address : |
Apartment 145/155, Casa Del SOL, Opposite Marriott, Beach Resort, Miramar
Panjim – 403001, Goa, India |
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Date of Birth/Age : |
24.09.1960 |
||||||||
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Qualification : |
B.E. (Electrical Engg.) |
||||||||
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Date of Appointment : |
20.11.2007 |
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PAN No.: |
AAPPD3860N |
||||||||
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DIN No.: |
01895508 |
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|
||||||||
|
Name : |
Mr. Michael David Coppin |
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|
Designation : |
Director |
||||||||
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Address : |
1546, Withers Dr. Denver NC 28037-5466, Denver NC, 280375466, USA |
||||||||
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Date of Birth/Age : |
26.09.1964 |
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Date of Appointment : |
30.09.2008 |
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DIN No.: |
02135137 |
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Other Directorship:
|
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||||||||
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Name : |
Mr. Mark Christopher Turner |
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|
Designation : |
Director |
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Address : |
4147, 2nd St, Nw Hickory North Carolina 028601 Us |
||||||||
|
Date of Appointment : |
30.09.2017 |
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DIN No.: |
07882746 |
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Other Directorship:
|
|||||||||
Note: As per our previous
database records, Mr. Suresh Narayan was the Whole time Director of the company,
however, he does not appear in the current government registry records and the
same could not be confirmed with the management as well.
KEY EXECUTIVES
|
Name : |
Mr. Niranjan Rajendran |
|
Designation : |
Procurement Department |
MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Commscope Technologies LLC, USA |
|
4940431 |
|
Commscope Netherlands BV, Netherlands |
|
1 |
|
Total |
|
4940432 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2017
|
Category |
Percentage |
|
Promoters [Others
(Foreign Companies)] |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The business of the Company is organized into three segments ie wireless products, enterprise products and services. Wireless : - The wireless products segment produces broad range of Base station Antennas, Microwave Antennas, Cables, Cable Assemblies, Connectors and Accessories which are used for Radio Frequency transmission for mobile connectivity. Enterprise :- The enterprise products segment includes production of Copper cable, Copper Apparatus, Copper Patch cords, Fiber Cable and Fiber Apparatus a premises connectivity system, or distribution system, allows telephones, PCs, control systems and other devices such as video surveillance cameras to communicate with each other. Others :- T he others segment includes global Information technology support service and sales services to entities within the organization [Registered activity] Note: Line of business is updated as per latest annual report 2017. |
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Products / Services
: |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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||||||||||||||||
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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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Bankers : |
|
|
Auditors : |
|
|
Name : |
S R B C and Company LLP Chartered Accountants |
|
Address : |
14th Floor, The Ruby, 29 Senapati Bapat Marg, Dadar (West), Mumbai – 400028, Maharashtra, India |
|
PAN No.: |
ACHFS9117R |
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|
|
|
Memberships : |
Not Available |
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|
|
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Collaborators : |
Not Available |
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|
|
Ultimate Holding Company : |
·
Commscope Holding Co. Inc., United States |
|
|
|
|
Holding Company : |
· Commscope Technologies LLC, United States (Formerly known as Andrew LLC, U.S.A.) |
|
|
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Fellow Subsidiary Companies
: |
· Andrew Corporation Mexico SA · Andrew Telecommunications Systems (Singapore) Pte Limited · Andrew Wireless Solutions Africa (Pty) Limited · Andrew Wireless Systems Gmbh · Commscope (Suzhou) Trading Company Limited · Commscope Asia (Suzhou) Technologies Company Limited · Commscope Cabos Do Brasil Ltda · Commscope Czech Republic S.R.O · Commscope EMEA Limited · Commscope Inc Of North Carolina, · Commscope International Corporation HK · Commscope Italy Srl, · Commscope Japan K.K · Commscope Netherlands B.V. · Commscope Solutions Australia Pty Limited · Commscope Solutions India Pvt Limited · Commscope Solutions Malaysia Sdn Bhd · Commscope Solutions Singapore Pte Limited · Commscope Technologies AG · Commscope Technologies Hong Kong Limited · Commscope Technologies UK · Commscope Telecommunications (China) Company Limited · Commscope Australia Pty Limited · ADC Communication (Australia) Pty Limited · ADC Czech Republic S.r.o · ADC Telecommunication (Shanghai) Distribution Company Limited · Andrew Telecommunications Malaysia Sdn Bhd · Andrew Wireless Systems (Austria)GmbH · Commscope Connectivity (Wuxi) Company Limited · Commscope Connectivity Australia Pty Limited · Commscope Connectivity Belgium BVBA · Commscope Connectivity Thailand Limited · Commscope Connectivity Vietnam Co. Limited · Commscope New Zealand Limited · Commscope Philippines Inc · Commscope Saudi Arabia · Commscope Technologies Philippines Inc · Commscope Technologies Singapore Pte Limited · Commscope Technologies (Shanghai) Company, Limited · PT. Commscope Connectivity Indonesia · TE Connectivity India Private Limited · TE Connectivity Solutions GmbH |
CAPITAL STRUCTURE
AS ON 30.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
20000000 |
Equity Shares |
INR 10/- each |
INR 200.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4940432 |
Equity Shares |
INR 10/- each |
INR 49.404 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
49.404 |
49.404 |
49.404 |
|
(b) Reserves & Surplus |
2781.938 |
4703.295 |
3361.421 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
0.000 |
0.000 |
|
(3) Deferred government grants |
33.089 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
2864.431 |
4752.699 |
3410.825 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
1199.240 |
1199.240 |
1199.240 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) Long-term
provisions |
27.977 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
1227.217 |
1199.240 |
1199.240 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short term
borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade
payables |
2388.535 |
1430.286 |
2934.189 |
|
(c) Other
current liabilities |
431.677 |
315.956 |
357.635 |
|
(d) Short-term
provisions |
57.044 |
51.165 |
37.819 |
|
Total Current
Liabilities (4) |
2877.256 |
1797.407 |
3329.643 |
|
|
|
|
|
|
TOTAL |
6968.904 |
7749.346 |
7939.708 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
695.622 |
582.594 |
611.241 |
|
(ii) Intangible
Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
85.009 |
2.737 |
6.127 |
|
(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) |
125.076 |
110.169 |
107.571 |
|
(d)
Long-term Loan and Advances |
536.820 |
479.677 |
600.397 |
|
(e) Other
Non-current assets |
0.943 |
0.943 |
0.943 |
|
Total Non-Current
Assets |
1443.470 |
1176.120 |
1326.279 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
1825.198 |
1239.602 |
1609.916 |
|
(c) Trade
receivables |
2431.678 |
2702.807 |
3047.371 |
|
(d) Cash
and cash equivalents |
664.553 |
2271.505 |
976.708 |
|
(e) Short-term
loans and advances |
558.299 |
306.993 |
860.425 |
|
(f) Other
current assets |
45.706 |
52.319 |
119.009 |
|
Total
Current Assets |
5525.434 |
6573.226 |
6613.429 |
|
|
|
|
|
|
TOTAL |
6968.904 |
7749.346 |
7939.708 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
||
|
|
SALES |
|
|
|
||
|
|
|
Income |
8811.711 |
13939.725 |
11537.296 |
|
|
|
|
Other Income |
50.668 |
52.025 |
22.835 |
|
|
|
|
TOTAL |
8862.379 |
13991.750 |
11560.131 |
|
|
|
|
|
|
|
||
|
Less |
EXPENSES |
|
|
|
||
|
|
|
Cost of Materials Consumed |
5604.138 |
8200.037 |
7007.483 |
|
|
|
|
Purchase of Stock-in-trade |
342.242 |
705.569 |
575.937 |
|
|
|
|
Changes in Inventories of finished goods, work-in-progress and stock-in-trade |
83.353 |
137.628 |
(240.566) |
|
|
|
|
Employee Benefits Expenses |
657.795 |
519.020 |
464.746 |
|
|
|
|
Other Expenses |
1633.815 |
2033.783 |
1668.652 |
|
|
|
|
CSR Expenditure |
11.629 |
0.000 |
0.000 |
|
|
|
|
TOTAL |
8332.972 |
11596.037 |
9476.252 |
|
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
529.407 |
2395.713 |
2083.879 |
||
|
|
|
|
|
|
||
|
Less |
FINANCIAL
EXPENSES |
178.590 |
200.358 |
182.160 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION |
350.817 |
2195.355 |
1901.719 |
||
|
|
|
|
|
|
||
|
Less |
DEPRECIATION/
AMORTISATION |
175.732 |
147.063 |
95.556 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE TAX |
175.085 |
2048.292 |
1806.163 |
||
|
|
|
|
|
|
||
|
Less |
TAX |
56.900 |
706.052 |
416.697 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
AFTER TAX |
118.185 |
1342.240 |
1389.466 |
||
|
|
|
|
|
|
||
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
||
|
|
|
FOB value of manufactured goods exported |
2238.148 |
1514.573 |
2874.416 |
|
|
|
|
FOB value of traded goods exported |
20.219 |
27.075 |
18.762 |
|
|
|
|
Earnings on other income |
307.993 |
252.615 |
159.444 |
|
|
|
TOTAL EARNINGS |
2566.360 |
1794.263 |
3052.622 |
||
|
|
|
|
|
|
||
|
|
IMPORTS |
|
|
|
||
|
|
|
Raw Materials |
3723.140 |
3350.627 |
3612.709 |
|
|
|
|
Components and spare parts |
478.408 |
884.115 |
953.270 |
|
|
|
|
Capital Goods |
192.168 |
41.887 |
60.622 |
|
|
|
TOTAL IMPORTS |
4393.716 |
4276.629 |
4626.601 |
||
|
|
|
|
|
|
||
|
|
Earnings /
(Loss) Per Share (INR) |
|
|
|
||
|
|
-
Basic |
23.92 |
271.68 |
281.24 |
||
|
|
-
Diluted |
13.47 |
85.76 |
88.55 |
||
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
0.000 |
0.000 |
0.000 |
|
Net cash flows from (used in) operations |
1099.838 |
2354.771 |
1451.335 |
|
Net cash flows from (used in) operating activities |
949.353 |
1469.671 |
1000.126 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
100.73 |
70.77 |
96.41 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
3.62 |
5.16 |
3.79 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
146.61 |
58.62 |
141.23 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.29 |
1.93 |
1.29 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.68 |
4.09 |
3.38 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.58 |
0.39 |
0.57 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.42 |
0.25 |
0.35 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
1.00 |
0.38 |
0.98 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.27 |
0.12 |
0.18 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
2.96 |
11.96 |
11.44 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
1.34 |
9.63 |
12.04 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
1.70 |
17.32 |
17.50 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
4.13 |
28.24 |
40.74 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.92 |
3.66 |
1.99 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
1.29 |
2.97 |
1.50 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.41 |
0.61 |
0.43 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
24.27 |
24.27 |
24.27 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.92 |
3.66 |
1.99 |
Total Liability = Short-term Debt + Long-term
Debt + Current Maturities of Long-term debts
FINANCIAL ANALYSIS
[all figures are
in INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Share Capital |
49.404 |
49.404 |
49.404 |
|
Reserves & Surplus |
3361.421 |
4703.295 |
2781.938 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Deferred government
grants |
0.000 |
0.000 |
33.089 |
|
Net
worth |
3410.825 |
4752.699 |
2864.431 |
|
|
|
|
|
|
long-term borrowings |
1199.240 |
1199.240 |
1199.240 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
1199.240 |
1199.240 |
1199.240 |
|
Debt/Equity
ratio |
0.352 |
0.252 |
0.419 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales |
11537.296 |
13939.725 |
8811.711 |
|
|
|
20.823 |
-36.787 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales |
11537.296 |
13939.725 |
8811.711 |
|
Profit |
1389.466 |
1342.240 |
118.185 |
|
|
12.04% |
9.63% |
1.34% |
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 |
Yes |
|
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 |
Yes |
|
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 |
No |
|
21 |
Banking facility details |
No |
|
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 |
NOTE: Registered office of the company has been
shifted from Plot No. 76, Pilerne Industrial Estate, Bardez, Goa – 403511,
India to the present address w.e.f.
15.01.2007.
BACKGROUND
The Company is registered in India as a wholly-owned subsidiary company of CommScope Technologies LLC (Formerly known as Andrew LLC, U.S.A.); the ultimate holding company being CommScope Holding Co. Inc.
CommScope or formerly Andrew group is engaged in providing telecommunication solutions. CommScope Group is the foremost global supplier of one-stop, end-to-end radio frequency subsystem solutions. The group designs, manufactures and delivers complete solutions for wireless infrastructure, including top-of-the-tower base station antennas to cable systems, radio frequency site solutions, signal distribution and network optimization solutions. The Company is primarily engaged in the business of providing complete solutions to customers in the telecommunication industry. The Company supplies telecommunication products such as co-axial cables, base station antennas, micro-wave antennas and similar allied products to its customers as a single complete solution and the solution may include such products which may be manufactured from raw materials or imported as finished goods, depending on the requirement of the end customers and enterprise products which include copper cable, copper apparatus, copper patch cords, fiber cable and fiber apparatus A premises connectivity system, or distribution system, allows telephones, computers, control systems and other devices such as video surveillance cameras to communicate with each other. The Company also provides information technology support services and sales services to entities within the organization located outside India.
REVIEW OF BUSINESS OPERATIONS
During the year the Company recorded a gross turnover of INR 9535.337 million against INR 15496.317 million in the previous year. As a result, the Company has made a net profit after tax of INR 118.200 million as against a net profit of INR 1342.200 million in the previous year.
UNSECURED LOANS:
|
Particulars |
31.03.2017 INR In Million |
31.03.2016 INR In Million |
|
LONG TERM BORROWINGS |
|
|
|
Fully convertible debentures others |
1199.240 |
1199.240 |
|
|
|
|
|
Total |
1199.240 |
1199.240 |
INDEX OF CHARGE: NO
CHARGES EXISTS FOR COMPANY
FIXED ASSETS:
· Land
· Factory building
· Factory equipments
· Furniture and fixtures
· Motor vehicles
· Office equipment
· Computer equipments
· Leasehold improvements
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 records 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
|
INR |
|
US Dollar |
1 |
INR 63.39 |
|
|
1 |
INR 85.74 |
|
Euro |
1 |
INR 76.25 |
INFORMATION DETAILS
|
Information
Gathered by : |
KAM |
|
|
|
|
Analysis Done by
: |
NYT |
|
|
|
|
Report Prepared
by : |
RKI |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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 |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
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 are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.