MIRA INFORM REPORT
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Report
Date : |
2nd
November, 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
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India |
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Financials
(as on) : |
31.12.2004 |
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Date
of Incorporation : |
16.12.1999 |
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Com.
Reg. No.: |
11-123118 |
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CIN
No.: |
U45200MH1999PTC123118 |
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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 |
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
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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
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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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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
|
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
|
(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
|
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
|
1.974 |
2.911 |
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Net
Current Assets
|
(2.067) |
(1.894) |
(1.692) |
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TOTAL
|
(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]
|
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
|
(0.172) |
(0.202) |
(0.326) |
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Total Expenditure
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0.173 |
1.067 |
2.018 |
KEY
RATIOS
|
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 Private Limited.
“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.44.84 |
|
UK Pound |
1 |
Rs.85.55 |
|
Euro |
1 |
Rs.57.28 |
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 |