MIRA
INFORM REPORT
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Report Date : |
02.11.2006 |
IDENTIFICATION
DETAILS
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Name : |
RCS
TECHNOLOGIES |
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Registered Office : |
20/2,
80 Feet Road, 4th Block, Koramangal, Bangalore – 560034, Karnataka
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Country : |
India |
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Financials (as on) : |
31.03.2006 |
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Date of Incorporation : |
1991 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
BLRR00709C |
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Legal Form : |
Partnership
concern with an unlimited liability of the partners |
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Line of Business : |
ERP
based Software Development and related products also into E Commerce, EDI CRM
Solution, IT Education and Training |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD
30000 |
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Status : |
Satisfactory
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Payment Behaviour : |
Usually
Correct |
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Litigation : |
Clear |
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Comments : |
Subject
is a well – established concern. Partial details were obtained from the
management. The
concern is doing steady business. Trade
relations are fair. Payments are usually correct and as per commitments. The
concern can be considered normal for business dealings at usual trade terms
and conditions. |
LOCATIONS
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Registered Office : |
20/2,
80 Feet Road, 4th Block, Koramangal, Bangalore – 560034, Karnataka
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Tel. No.: |
91-80-25525982 |
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Fax No.: |
91-80-25504513 |
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E-Mail : |
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Website : |
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Area : |
2500
Sq. ft |
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Location : |
Lased |
PARTNERS
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Name : |
Mr.
Ranjit Singh |
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Designation : |
Partner
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Name : |
Mr.
Prasad |
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Designation : |
Partner
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BUSINESS DETAILS
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Line of Business : |
ERP
based Software Development and related products also into E Commerce, EDI CRM
Solution, IT Education and Training |
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Terms : |
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Selling : |
Local
Contract, Project |
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Purchasing : |
Cash
& Credit |
GENERAL
INFORMATION
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Suppliers : |
Wipro
Limited |
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Customers : |
Covansys
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No. of Employees : |
10 |
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Bankers : |
State
Bank of India, Koramangala |
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Facilities : |
-- |
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Banking Relations : |
-- |
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Associates/Subsidiaries : |
Nil |
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Division |
RCS
Division |
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Membership |
Sotware
Technology Parks of India, Bangalore |
CAPITAL STRUCTURE
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Capital
Investment (Estimated)
: |
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Owned : |
Rs.
7.500 Millions |
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Borrowed : |
-- |
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Total : |
Rs.
7.500 Millions |
FINANCIAL DATA
[all figures are in Rupees
Millions]
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Particulars |
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31.03.2006 (Estimated) |
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Sales Turnover |
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10.000/15.000 |
LOCAL AGENCY
FURTHER INFORMATION
Their uniquely designed products provide solutions that can be easily customized to suit specific process of their customers without having to make any compromise.
They designed and develop solutions around their core engine which has reduced
over 70% of cost and time to their customers.
They have over 100 installations with prestige's Clients, most of them are
fortune 500 companies.
Asset
Management and Tracking System
TRAXX is a highly flexible, multi-user asset
management system. It simplifies the process of depreciation calculation,
requesting, assigning, identifying, locating and tracking of all the assets in
the organization.
v Multi-user, web based and customizable.
v Tracks assets by location, sub location, cost center, employee and
history.
v Solution search and knowledge management. Fixed asset register /STPI
register.
v Depreciation calculation based on Companies Act, IT Act , US GAAP
and any user defined act.
v STPI and CT3 Details, Bonding and De-bonding of Assets.
v
Insurance / AMC / Warranty Tracking.
v Stock taking and inventory valuation.
v Stores Management .
v Provision for hire purchase and lease holding of assets.
v Full bar code compatibility.
v Budget Management and Purchase Management.
v Vendor Evaluation.
v Generation of Purchase Order
Payroll Management System
PAYMAN is an automated browser based payroll
management system for an organization. It provides strategic value-addition,
reduces cost, time and labour. With multi-company and multi-location capacity,
it further enhances services to internal customers.
v Web based, multi-user and customizable.
v Defines organization hierarchy.
v Dynamic configuration of various salary components.
v Processing and printing of TDS, PF, ESI, P Tax and Pay slip details.
v Changing Government and Company's statutory polices can be
incorporated.
v Multi-company and multi-location capacity.
Call Management & Inventory System
CARE is a comprehensive call management
system that provides seamless coordination between all customer problems by
integrating people, process and technology to maximize relationships with all customers.
v Web based multi-user and customizable.
v Custom reports.
v Solution search and knowledge management.
v Auto routing and assignment of calls.
v Auto-escalation to meet service level agreements (SLAs).
v Multi-channel communication, including wireless Support.
Sales Force Automation
SALES STREAM is a sales force automation tool
that automates business tasks such as inventory control, sales processing, and
tracking of customer interactions, as well as analyzing sales forecasts and
performance.
v Web based multi-user and customizable.
v Dynamic configuration of product hierarchy, product group, targets.
v Lead management and auto-routing.
v Response tracking auto escalation of calls.
v Centralized access to standard communication tools
v Analyze market spending, lead conversion and sales closed.
v Takes care of account/contact management and campaign management.
Recruitment Management System
RECRUITER is a comprehensive and centralized
information base. This is accessible to the candidates, clients and the
internal consultants.
v
Comprehensive resume manager.
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Centralized resume bank.
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Pre conditioning of reports.
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Extensive search functions.
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Online filling of requirements by the client.
v
Rule based filtering of resume as per client
requirements.
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
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Currency |
Unit
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Indian Rupees |
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US
Dollar |
1 |
Rs.44.84 |
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UK
Pound |
1 |
Rs.85.55 |
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Euro |
1 |
Rs.57.28 |
SCORE &
RATING EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
5 |
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PAID-UP CAPITAL |
1~10 |
5 |
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OPERATING SCALE |
1~10 |
5 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
5 |
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--PROFITABILIRY |
1~10 |
5 |
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--LIQUIDITY |
1~10 |
5 |
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--LEVERAGE |
1~10 |
5 |
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--RESERVES |
1~10 |
5 |
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--CREDIT LINES |
1~10 |
5 |
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--MARGINS |
-5~5 |
- |
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DEMERIT POINTS |
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--BANK CHARGES |
YES/NO |
YES |
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--LITIGATION |
YES/NO |
NO |
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--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
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MERIT POINTS |
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--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
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--EXPORT ACTIVITIES |
YES/NO |
NO |
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--AFFILIATION |
YES/NO |
NO |
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--LISTED |
YES/NO |
NO |
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--OTHER MERIT FACTORS |
YES/NO |
YES |
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TOTAL |
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45 |
This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this
report. The assessed factors and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit
history (10%) Market
trend (10%) Operational
size (10%)
RATING EXPLANATIONS
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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. |
Satisfactory |
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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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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 |
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NR |
In view of the lack of information, we
have no basis upon which to recommend credit dealings |
No Rating |
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