MIRA
INFORM REPORT
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Report Date : |
20.11.2006 |
IDENTIFICATION
DETAILS
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Name : |
A A
SOFTWARES |
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Registered Office : |
24,1st
Floor, Chaman Garden, Railway Road, Karnal,Haryana. |
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Country : |
India |
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Financials (as on) : |
31.03.2006 |
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Date of Incorporation : |
January
2006 |
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Legal Form : |
Partnership
concern with an Unlimited Liability of the partner. |
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Line of Business : |
Acting
as business processing company, software development & smart card
development. |
RATING & COMMENTS
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MIRA’s Rating : |
C |
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<10 |
C |
Absolute credit risk exists. Caution
needed to be exercised |
Credit not recommended |
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Maximum Credit Limit : |
-- |
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Status : |
New
Concern |
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Payment Behaviour : |
Unknown
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Litigation : |
Clear |
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Comments : |
Subject
is a new concern and has no track of performance and financial status. It can
be considered for any
business dealings on
safe and secured trade terms
and conditions. |
LOCATIONS
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Registered Office/Factory : |
24, 1st
floor, Chaman Garden, Railway Road, Karnal,
Haryana.l |
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Tel. No.: |
91-120-6453716, 9212798916 |
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Mobile No: |
91-9212798916 |
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Fax No.: |
91-120-6453716 |
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E-Mail : |
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Website : |
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Area : |
300
sq.mtrs |
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Location : |
Owned |
PARTNERS
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Name : |
Mr.
Prashant. K. Gupta |
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Designation : |
Partner |
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Date of Birth/Age : |
22
years |
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Qualification : |
B.E.Software
Engineers & Graduate |
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Experience : |
2
years |
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Name : |
Miss.
Priyanka Choudhry |
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Designation : |
Partners |
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Date of Birth/Age : |
26
years |
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Qualification : |
Post
Graduate |
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Experience : |
2
years |
BUSINESS DETAILS
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Line of Business : |
Acting
as business processing company, Software’s Development & Smart card
Development. |
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Terms : |
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Selling : |
L/C,
Credit, Cash. |
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Purchasing : |
Cash,
& Credit (22 days) |
GENERAL
INFORMATION
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Customers : |
Local
Customers and End Users |
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No. of Employees : |
26 |
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Bankers : |
ICICI
BANK, KARNAL. |
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Facilities : |
- |
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Banking Relations : |
Unknown. |
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Auditors : |
C. P.
Bhai Patel, Ghaziabad Chartered
Accountants. |
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Sister Concern: |
Nil
(Having one private Limited—INFOTECH CO IN WHICH MR. PRASHANT IS DIRECTOR) |
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Address: |
Kamlan
Agencies, Chennai – Associates. |
CAPITAL STRUCTURE
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Capital
Investment : |
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Owned : |
Rs.
0.200 millions |
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Borrowed : |
--- |
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Total : |
Rs.
0.200 millions |
FINANCIAL DATA
[all figures are in Rupees
Millions]
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Particulars |
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31.03.2006 |
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Sales Turnover |
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1.800 per month |
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Profit/Loss for the year |
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180.000 |
LOCAL AGENCY
FURTHER INFORMATION
Trade
References:
·
Telia
Sonera, Denmark
- Gartner Inc., USA
- Oracle Global, Mauritius
- Reliable Technology, 501
Ashoka Bhawan ,93 Nehru Place, New Delhi,-110019
As
per Website Details:
Company
Profile:
AA
Software’s is an India company dedicated to developing quality software’s and
outsourcing projects with client satisfaction.
Providing
standards software’s and high quality projects to meet exacting customer
requirements and seamlessly integrating existing systems is a specialty. They
service a wide customer base locally, nationally and internationally using
abroad ranged of leading-edge technologies to ensure that each solution
provided not only exceeds customer expectations but is delivered on- time and
within budget.
AA
Software’s also provide a strong technical support to their clients on their
clients on 24/ 7 basis. They also ensure their clients that they will always be
supported by their experts on any communication basis like internet, phone,
fax. Etc.
Most
business leaders they interact with agree that the world is changing How
competition is emerging out of nowhere. Young upstart companies with new
business models are giving established incumbents a run for their money. They
are challenging business to speed up, slim down, and become more nimble.
At AA
software’s they have had the privilege of looking at these changes from a very
different perspective from the other side of the world. And, they would agree
with much what most successful companies commit though they respectfully
disagree on some points.
This
conversation, then, is about the AA software’s perspective on what They believe
companies must do to compete (and win) in the changing world.
They
call their perspective “Think Flat”, because they believe this change is as
much about changing the business mind-set as it is about changing their
strategies and operations. Business that can quickly grasp the impact of the
changing business world and respond to its threats and harness its
opportunities are the ones that will succeed
Mission
and Values:
To be
the “Partner of choice” for the Data processing Industry worldwide.
Vision
To be a leader
in the delivery of rapid, cost-effective and comprehensive solutions for the
Data Management needs of global enterprises.
Values
·
Customer
centric approach – “They are much more than a vendor, They are their partner”
·
High
standards of personal and professional ethics
·
Constantly
strive for innovation and excellence
·
Culture
of knowledge sharing and continuous growth for each member
·
Fun-filled
work environment with respect for each individual
Quality Policy
“They are committed to provide
solutions conforming to international standards, through constant up gradation
of technology and processes, in order to ensure consistent quality for their
customers”.Quality ensuring reliability and customer satisfaction
Quality is a passion at AA and
the aspects of high quality permeate every department here. The strong process
orientation translates into real benefits like reduced cycle times, improved
customer satisfaction scores and better
cost efficiencies.
At AA, They offer customer care
with emphasis on relationships, speed, expertise, and cost control. AA strives
to ensure that their customer will get exceptional interactive customer care
and enjoy quality assistance.
AA works with you throughout to
ensure that the objectives and standards are met.
Their commitment to technology
helps to offer their customers the most advanced solutions on the market.
AA offers a fully integrated
service solution designed to meet needs of businesses using the internet to
communicate with customers. For retailers, B2B marketplaces, companies selling
services online, companies providing tier 1 tech support, or those simply
communicating with customers online, AA provides the customer care you need.
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 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
|
Indian Rupees |
|
US
Dollar |
1 |
Rs.44.86 |
|
UK
Pound |
1 |
Rs.84.97 |
|
Euro |
1 |
Rs.57.59 |
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 |
|
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 |
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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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