Attachment 1
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Report
Update On |
6th December, 1999 |
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Report on |
ADVANCED SYNERGIC SYSTEMS, INC. |
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Registered Office |
20085 Stevens Creek Boulevard, Cupertino, CA 95014, U.S.A. |
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Tel. No. |
408 2522777 |
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Fax No. |
408 2524178 |
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E-Mail |
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Website |
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Telex |
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Attachment 2
S U M M A R Y
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Incorporated |
1997 |
Status |
Satisfactory |
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Registration No. |
2004385 |
Chief Executive |
Mr. Sundar Kannan |
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Capital |
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Payments |
As per commitments |
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Sales (US$) |
4.41 millions to 5.45 millions |
Litigation |
-- |
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Net Worth |
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Banking Reputation |
Unknown |
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No. of Employees |
30 |
Auditors |
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Credit Rating |
Ba (See attachment 3) |
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IDENTIFICATION
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Company Name |
ADVANCED SYNERGIC SYSTEMS, INC. |
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Address |
20085 Stevens Creek Boulevard Cupertino, CA 95014 |
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Telephone |
408 252-2777 |
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Facsimile |
408 252-4178 |
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Company
Website |
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Email Address |
Email Not Disclosed |
ANSWERS TO YOUR SPECIFIC
QUESTIONS
Please note the correct legal name of the Company.
The ordered address 10175 Parkwood Drive
Suite 1
Cupertino, CA
is the Company's previous address.
EXECUTIVE SUMMARY
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Legal Form |
Corporation – Private |
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Incorporation
Date |
02/13/97 |
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Major
Shareholder |
Mr. Sundar Kannan |
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Employees |
30 |
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Highest Credit
Reported |
Not Available |
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Person
Contacted |
Mr. Raghu Kumar Rao - Director of Business Dev. |
LEGAL
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Legal Form |
Corporation - Private |
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State of
Incorporation |
CA |
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Date of
Incorporation |
02/13/97 |
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Corporate
Number |
2004385 |
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Status |
Active |
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Registered
Agent |
SELVARAJ VENUGOPAL 2670 SOUTH WHITE RD STE 130 SAN JOSE, CA 95148 |
The registered agent, whether an individual or corporation, performs the functions associated with incorporating the Company such as preparing the documentation required by the state. The registered agent also acts for the Company in the function of accepting service of process, e.g, receiving any legal communications affecting the Company and transmitting these to the officers of the Company.
The Secretary of the State reported no name changes as of the date of this report.
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Managers |
Mr. Sundar Kannan / President Mr. Raghu Kumar Rao / Director of Business
Development |
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Owners |
Mr. Sundar Kannan
. . . . . . . . . . . . . . 100% |
RELATED COMPANIES
No Parent, Subsidiaries nor Divisions
HISTORY
The Company moved to its current location in June, 1999. They had previously been located at: 10175 Parkwood Drive
Suite 1
Cupertino, CA 95014
CURRENT OPERATIONS
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NAICS Code |
541512 |
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SCIAN Code |
541510 |
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Primary SIC |
7373 |
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Business |
The Company is a computer software developer and
consulting firm. The Company provides services throughout the United States. |
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Total number
of employees |
30 approx. |
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Facility size |
unknown |
The sole location is at the above noted address.
YEAR 2000 COMPLIANCE
1. Q: Whose responsibility is Year 2000 compliance?
A: Mr. Rao stated that all compliance issues were handled internally.
2. Q: When do you expect to be Year 2000 compliant?
A: Mr. Rao stated that the Company is fully compliant.
3. Q: Does your Company have a budget, deemed sufficient, to make you Year 2000 compliant before 12/31/99?
A: Since the Company is already compliant, this question does not apply.
4. Q: Have you sought information regarding Year 2000 compliance among your suppliers and your customers?
A: Mr. Rao stated that the Company has sought this information from their suppliers who have all reported compliance.
FINANCIAL FIGURES
All figures are reported in USD.
The Company would not disclose any financial information when contacted.
From an industry analysis of 133 companies in the same SIC code as the subject (7373), we have estimated the sales of subject to be in the range $4,410,000 to $5,450,000.
INDUSTRY ANALYSIS
The following chart compares the Subject Company to other companies within its industry (7373 - COMPUTER INTEGRATED SYSTEMS DESIGN) and within its size range (21-50 employees).
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Industry Based on |
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Industry |
Subject's Size |
Subject |
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Number of Companies |
500 |
133 |
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Avg No of Employees |
369 |
35 |
30 |
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Avg Sales (in '000) |
$50,402 |
$6,062 |
$N/A |
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Revenue per Employee |
$136,669 |
$173,079 |
$N/A |
Please note that this industry analysis is based on businesses in the United States and is provided only as a comparison. In some cases, the subject's geographical location and variations from the Standard Industrial Classification codes (SIC) will affect the resulting figures.
BANK
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Mr. Rao declined to provide any bank reference information when contacted. We have sent a request via fax, but have not yet received a response.
PAYMENT HISTORY
Due to the Company's size and/or business activity, no significant trade experience and/or payment habits have been reported.
TRADE REFERENCES
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Mr. Rao declined to provide any trade references when contacted. We have sent a request via fax, but have not yet received a response.
PUBLIC RECORD
We have found no record of judgments or tax liens against the Company in the state of California.
A name search with the automated voice system of the U.S. Bankruptcy Court of the Northern District of California, Tel: 800 570-9819, revealed no filing of bankruptcy as of the date of this report.
A statewide search of bankruptcy courts revealed no record of a Company by this name filing for bankruptcy.
Attachment 3
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SCORE SHEET |
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SCORE |
CREDIT RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the
strongest capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to
meet normal commitments. Maybe drawn to slightly difficult position as unfavourable
conditions arise. Minimal assurance for timely payment on interest and
principal sums |
Moderate |
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26-40 |
B |
Unfavourable & favourable factors carry similar
weight in credit consideration. Capability to overcome financial difficulties
seems comparatively limited or considered not known. Capability to pay both
interest and principal sums is doubtful |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be
exercised |
Credit
not recommended |
Attachment 4
ACKNOWLEDGEMENT
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Company’s Stamp &
Signature