MIRA INFORM REPORT
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Report Date : |
16th May, 2006 |
IDENTIFICATION DETAILS
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Correct Name : |
CAPGEMINI
CONSULTING INDIA SERVICES PRIVATE LIMITED |
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Registered Office : |
SEP 2 B-3, Godrej Soaps
Compound, Vikhroli, Mumbai – 400 079, Maharashtra, India |
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Country : |
India
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Financials (as on) : |
31.12.2004 |
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Date of Incorporation : |
16th
December, 1999 |
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CIN No.: |
U45200MH1999PTC123118 |
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Com. Reg. No.: |
11-123118 |
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TAN No.: (Tax Deduction &
Collection Account No.) |
MUMC03476E |
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PAN No.: (Permanent Account No.) |
AAACE6649N |
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Legal Form : |
Private
Limited Liability Company |
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Line of Business : |
Subject
is engaged in the business of Software Implementation and other Consulting
Services. |
RATING & COMMENTS
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MIRA’s Rating : |
B |
RATING
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STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Unfavourable &
favourable factors carry similar weight in credit consideration. Capability
to overcome financial difficulties seems comparatively below average/normal. |
Small |
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Maximum Credit Limit : |
-- |
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Status : |
New Company |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject
is a new company in India. It is a part of overseas multi national companies
and can be considered for your normal business dealings at usual trade terms
and conditions. |
LOCATIONS
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Registered Office : |
SEP 2 B-3, Godrej Soaps
Compound, Vikhroli, Mumbai – 400 079, Maharashtra, India |
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Tel. No.: |
91-22-25187000 |
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Fax No.: |
91-22-25187100 |
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Website : |
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Branches : |
Gold Hill Square, 10th
Floor, 690, Hosur Main Road, Bommanahalli, Bangalore 560068 Telephone: 91 80 5191 7000 2nd Floor, Asyst Park, GN
371, Sector V, Kolkatta Telephone:
91 33 5550 0636 |
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Regional Offices : |
DIRECTORS
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Name : |
Mr.
Baru Sreenivas Rao |
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Designation : |
Director
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Address : |
Building
15, Indira Darshan, Sector II, Off J P Road, Oshiwara, Andheri (West), Mumbai
– 400 053, Maharashtra, India |
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Date of Birth/Age : |
02.05.1960 |
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Date of Appointment : |
29.10.2004 |
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Name : |
Mr.
Armin Behram Billimoria |
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Designation : |
Director
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Address : |
R-17,
Godrej Bagh, Off Nepeansea Road, Mumbai – 400 026, Maharashtra, India |
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Date of Birth/Age : |
21.09.1959 |
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Date of Appointment : |
16.12.1999 |
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Name : |
Mr.
Salil Satish Parekh |
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Designation : |
Director
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Address : |
602
Belmont Apartment, 37-D, Nepeansea Road, Mumbai – 400 036, Maharashtra, India
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Date of Birth/Age : |
05.06.1964 |
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Date of Appointment : |
26.06.2000 |
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MAJOR SHAREHOLDERS
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Names of Shareholders |
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No. of Shares |
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Capgemini Consulting India
Private Limited |
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9990 |
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Mr. Salil Satish Parekh |
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10 |
BUSINESS DETAILS
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Line of Business : |
Subject
is engaged in the business of Software Implementation and other Consulting
Services. |
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Products : |
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GENERAL INFORMATION
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Bankers : |
Not
Available |
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Banking Relations : |
-- |
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Auditors : |
Lovelock
and Lewes Chartered
Accountants |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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50000 |
Equity
Shares |
Rs. 10/- |
Rs. 0.500 millions |
Issued, Subscribed
& Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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10000 |
Equity
Shares |
Rs. 10/- |
Rs. 0.100 millions |
FINANCIAL
DATA
[all figures are in Rupees Millions]
No
subsequent financials could be available from any sources.
Management
remained non-cooperative during current investigation.
ABRIDGED
BALANCE SHEET
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SOURCES OF FUNDS |
31.12.2004 |
31.12.2003 |
31.12.2002 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
0.100 |
0.100 |
0.100 |
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2] Reserves & Surplus |
0.000 |
0.000 |
0.000 |
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4] (Accumulated Losses) |
(2.167) |
(1.994) |
(1.792) |
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NETWORTH
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(2.067) |
(1.894) |
(1.692) |
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LOAN FUNDS |
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TOTAL
BORROWING
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0.000 |
0.000 |
0.000 |
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TOTAL
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(2.067) |
(1.894) |
(1.692) |
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APPLICATION OF FUNDS
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FIXED ASSETS [Net Block]
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0.000 |
0.000 |
0.000 |
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Capital work-in-progress
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0.000 |
0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES
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Cash & Bank Balances
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0.025
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0.080 |
0.442 |
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Loans & Advances
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0.000
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0.000 |
0.777 |
Total Current Assets
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0.025
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0.080 |
1.219 |
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Less : CURRENT LIABILITIES & PROVISIONS
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Current Liabilities
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1.737
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1.616 |
2.553 |
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Provisions
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0.355
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0.358 |
0.358 |
Total Current Liabilities
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2.092
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1.974 |
2.911 |
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Net Current
Assets
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(2.067)
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(1.894) |
(1.692) |
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TOTAL
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(2.067) |
(1.894) |
(1.692) |
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PROFIT & LOSS ACCOUNT
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PARTICULARS |
31.12.2004 |
31.12.2003 |
31.12.2002 |
Sales Turnover [including other income]
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0.000 |
0.865 |
1.692 |
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Profit/(Loss) Before Tax
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(0.172) |
(0.202) |
(0.326) |
Provision for Taxation
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0.000 |
0.000 |
0.000 |
Profit/(Loss) After Tax
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(0.172) |
(0.202) |
(0.326) |
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Total Expenditure
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0.173 |
1.067 |
2.018 |
KEY RATIOS
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PARTICULARS |
|
31.12.2004 |
31.12.2003 |
31.12.2002 |
PAT / Total Income
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(%)
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0.00
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(23.35) |
(19.26) |
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Net Profit Margin
(PBT/Sales) |
(%) |
0.00
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(23.35) |
(19.26) |
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Return on Total Assets
(PBT/Total Assets} |
(%) |
(688.00)
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(252.50) |
(26.74) |
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Return on Investment (ROI)
(PBT/Networth) |
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(0.08)
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(0.10) |
(0.19) |
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Debt Equity Ratio
(Total Liability/Networth) |
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(0.01)
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(0.04) |
(0.72) |
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Current Ratio
(Current Asset/Current
Liability) |
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0.01
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0.04 |
0.42 |
LOCAL AGENCY FURTHER INFORMATION
Operation
During
the year company has not carried out any consulting business. The loss incurred
during the year is Rs. 0.173 millions as compared to Rs. 0.202 millions during
the previous year.
As Per Web Details
In today’s fast paced global
economy, companies’ business issues are ever changing, requiring adaptability
in order to stay competitive and maintain profitability. Businesses must
share information quickly not only within their own organization but also
externally up and down the supply chain. Many businesses have a maze of
information silos that don’t communicate with each other. And the
complexity and cost of maintaining information is ever increasing.
Services
Capgemini helps clients deal
with changing business and technology issues. Our relationship with clients is
a partnership—we bring our experience, best practices and tools to apply to
clients unique requirements. We offer a wide range of solutions within four key
areas of focus:
Capgemini
works in partnership with clients
to develop business strategies and technologies tailored to their unique
requirements.
Success at winning hearts and
minds of almost 600 people across Europe marks first anniversary of partnership
between Schneider Electric and Capgemini.
Press Releases
Capgemini on prowl to meet growth target
A STAFF REPORTER
Calcutta, March 20: Capgemini
Consulting India Pvt Ltd is talking to a few companies in the country for
possible acquisitions. It is eyeing firms in the non-voice (without call
centres) business process outsourcing as well as financial services sectors.
Although the company is
focusing on the organic route for growth, to supplement the same, Capgemini may
acquire firms sooner than later, said Baru Rao, chief executive officer,
Capgemini Consulting India Pvt Ltd.
“Capgemini’s operations in
France employs the highest number of people, which is 21,000, for the company.
However, the growth there would be much lower than in India where plans are
afoot to ramp up the workforce from 4,128 to 10,000 by the end of 2007. This
shows how important India is in our scope of business. It is the fastest
growing centre with a growth rate of well over 80 per cent,” said Paul Spence,
global head of Capgemini Outsourcing Services.
India seems to be the hotspot
destination for global firms planning to acquire companies in the information
technology services sector. As Capgemini is on the prowl for such firms,
another global company, Atos Origin, is also looking at acquisitions in the
country.
Atos plans to ramp up its
employee strength from 1,500 to 2,500 by the end of 2006. Although it is
primarily looking at IT companies, it did not rule out BPOs. According to
reports, Atos would prefer captive companies like the IT division of existing
conglomerates.
Capgemini, after setting up
centres in Mumbai and Bangalore, has come to Calcutta and would increase the
headcount here to 500 by the year-end. “The Calcutta centre will start with 50
to 60 people,” Rao said.
Meanwhile,
the company has recruited 500 people for the entry level from 15-20 institutes,
who would be joining at its three locations, he added.
News
Supply-Chain World North America 2006, Dallas, 27-29
March Winning with Extended Supply Chains: New Challenges & Strategies,
People, Measurements and Technology
9 February 2006
If you’re going to the
upcoming Supply-Chain World
(SCOR) conference in Dallas, we hope you’ll attend Capgemini Engagement
Director Ted Garcia’s breakout discussion on “Building the Collaborative
Procurement Organization: Ensuring Success thru Organizational Re-Design and Structured
OCM.”
This presentation will focus
on the organizational changes of a leading consumer products company as it
underwent a global procurement transformation. Topics will include: “as is/to
be” structure of global procurement, including new governance model, with
roles, responsibilities and deliverables; communication and Change Management
plan including the development of a global network of change agents to help
with the acceptance of the new organization, policies, guidelines, etc.; key
outputs, strategies and expectations of the global procurement organization as
it transitions from a decentralized to center-led procurement organization.
Wednesday March 29
11:30 PM - 12:20 PM
Building the Collaborative Procurement Organization: Ensuring Success
thru Organizational Re-Design and Structured OCM
Capgemini Architect Elected Vice Chair of Open Group
Forum
Capgemini to take key role in enabling
interoperability
2 February 2006
At the
Open Group’s IT Architecture Practitioners
Conference in January, Capgemini’s Dave van Gelder was elected
European Vice Chair of the Architecture Forum.
The Open Group is a vendor- and technology-neutral consortium, whose role is to
capture industry best practices, facilitate interoperability and provide
certification. Its mission is described as enabling “boundaryless information flow.”
This appointment is the
latest development in a relationship that began several years ago and was
further strengthened last autumn when Capgemini became a Platinum Board Member
of the Open Group.
The Architecture Forum of the
Open Group has developed and is evolving a comprehensive, globally recognized
enterprise architecture framework “to enable businesses to achieve the right
balance between IT efficiency and business innovation.” Specifically the Forum
brings together customers, vendors, consultants, governments and academia to
work on open standards such as:
- TOGAF (The Open Group
Architecture Framework): A
comprehensive architecture framework and methodology which enables the
design, evaluation and implementation of the right architecture for an enterprise.
- TOGAF Certification: An assurance program providing four classes of
certification: Certified, Tool Support, Training and Professional
Services. It is used by architecture service providers, tool vendors and
individual enterprise architects.
- IT Architect Certification: Supporting the establishment of a skills and
experience-based IT Architect Certification program, that provides a
foundation for trust between suppliers and customers; and collaborating
with other leading standards bodies to make IT architecture a professional
discipline.
- Architecture Tools: Promoting the availability of effective tools
for enterprise architecture.
Said Ron Tolido, Capgemini’s
Chief Technology Officer for Northern Europe and Asia Pacific and Governing
Director of the Open Group: “We are excited with the trust that the Open Group
members have shown with this election and we are sure that the excellent
capabilities of Dave van Gelder — together with Capgemini’s leadership in
architecture — will further boost the forum’s quest in enabling boundaryless
interoperability between businesses.”
When
you begin a conversation with Capgemini, you’ll notice a few differences. Collaboration is at the heart of every interaction,
and you’ll see it in the way we behave, the way we communicate, the way we
deliver:
- Broachers
The Reach Agency collaborates
with Capgemini to exploit the principles of Service-Oriented Architecture.
“Since 1998, Capgemini has
provided a consistently high standard of SVA Operations services and its tender
demonstrated an ability to maintain this at a reduced cost” ELEXON
spokesperson.
Our consultants listen to
what you say—and work with you to understand the problem before suggesting a
solution. Project goals are clear and realistic, and everyone agrees on the way
ahead. Effective knowledge sharing makes life simpler instead of more
complicated.
“In hours we accomplished
what normally takes days and days, weeks and weeks, and months and months of
meetings… Today we articulated a powerful CRM vision for the bank that will
take us where we need to go in the future.”
— VP Marketing, Canadian Bank
The Way We Work Sets Us Apart
The collaborative
business experience, our approach to working with clients, produces
better, faster, and more sustainable results. Our long-standing partnerships with world’s top
technology companies bring unsurpassed IT expertise to the table—which enhances
strategy as well as implementation. The tools
and methodologies we use facilitate collaboration in tangible ways.
Industry we serve:
- Automotive
- Consumer
Products
- Distribution
- Energy, Utilities and
Chemicals
- Financial
Services
- Health
- Life Sciences
- Manufacturing
- Public Sector
- Retail
- Telecom, Media &
Entertainment
Learn about the IP Multimedia
Subsytem (IMS)—the current landscape, potential challenges and market
opportunities.
Successful collaboration
between Capgemini, HP and IBM together with almost 40 other stakeholders,
delivers modern reservations system for fastest growing rail industry in
Europe.
Explore Retail Banking
channels and their impact on today’s distribution models along with in-depth
pricing trends and analyses.
Helping Gaz de France develop a retail power business through flexible pricing and demand forecasting solutions.
Each industry has its own
unique requirements and challenges. The priorities of health care
are completely different from telecommunications and consumer products
companies face challenges that are non-existent in the oil and gas industry.
Capgemini has teams of industry experts who are devoted
100% to solving problems and making advancements within their
respective industries. We’ve developed tools, methodologies and
best-practices based on years of experience with top companies in all major
industries.
Capgemini works with the
world’s leading automotive manufacturers and suppliers to sustain growth in a
highly competitive industry.
Developing Winning
Capabilities for Greater Performance Read more
Streamlining Your Logistics
Operations for Maximum Value Read more
Energy,
Utilities and Chemicals
With more than 10,000
consultants dedicated to energy, utilities, and chemicals projects across
Europe, North America, and the Asia Pacific region, Capgemini is recognized as
a leader in the sector.
As one of the world’s
foremost service providers to the financial services industry, Capgemini brings
the power of both traditional experience and a modern collaborative approach to
bear on our clients' business issues.
Leading the Way in Delivering
Healthcare Services
Capgemini and the world's
leading life sciences organizations collaborate to enable change through
insight and technology
The Manufacturing Revolution
- From economic challenge to revenue growth, Capgemini helps clients to
navigate an increasingly dynamic marketplace.
Capgemini is leading the way
in government and public sector, creating solutions for the 21st century and
anticipating trends.
Bringing Companies and
Consumers Closer Together for Competitive Advantage
Telecom,
Media & Entertainment
Maximizing assets and
unleashing growth - Capgemini’s global Telecom, Media & Entertainment (TME)
group is dedicated to helping companies achieve strategic goals and world-class
results in an environment of increasing opportunity.
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 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.45.48 |
|
UK
Pound |
1 |
Rs.85.55 |
|
Euro |
1 |
Rs.57.58 |
SCORE & 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 |
Unfavourable &
favourable factors carry similar weight in credit consideration. Capability
to overcome financial difficulties seems comparatively below average/normal. |
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 |