MIRA
INFORM REPORT
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Report Date : |
19.01.2007 |
IDENTIFICATION
DETAILS
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Name : |
ZIVAAIKYA
TECHNOLOGIES PRIVATE LIMITED |
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Registered Office : |
488,
Beladingalu, 3rd Cross, 11th Main, BHCS Layout,
Subramanyapura Road, Bangalore-560061, Karnataka |
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Country : |
India |
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Date of Incorporation : |
23.10.2006 |
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Com. Reg. No.: |
08-40778 |
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CIN No.: [Company
Identification No.] |
U72200KA2006PTC040778 |
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TAN No.: [Tax Deduction & Collection Account
No.] |
BLRZ10894C |
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PAN No.: [Permanent Account No.] |
AAAPZ2705Q |
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Legal Form : |
Private
Limited Liability Company |
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Line of Business : |
To
undertake the designing and development of systems and applications software
either for its own use or for sale in India or for export outside India and
to design and develop such systems and application software for or on behalf
of manufacturers, owners and users of computer systems and digital/electronic
equipment in India or elsewhere in the world. To undertake Electronics design
services, customized firmware development, integration, testing and
professional technical consultancy services in the area of Information
technology and systems, to buy/sell computers, software, peripherals,
electronic components and related products. |
RATING & COMMENTS
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MIRA’s Rating : |
C |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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
Company |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject
is a new company and yet to establish itself. Subject is not much known in
the industry. No payment are available. The
company can be considered for any business dealings on fully safe and secured
trade terms and conditions. |
LOCATIONS
|
Registered Office : |
488,
Beladingalu, 3rd Cross, 11th Main, BHCS Layout,
Subramanyapura Road, Bangalore-560061, Karnataka, India |
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E-Mail : |
DIRECTORS
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Name : |
Mrs.
Prathiba Anil Kumar |
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Designation : |
Director |
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Address : |
406,
Sujaya, 8th Main, 2nd Cross, Bnashankari, 3rd
Stage, 3rd Phase, 2nd Block, Bangalore-560085,
Karnataka, India |
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Date of Birth/Age : |
26.10.1971 |
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Name : |
Mrs.
Sandhya Narendra |
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Designation : |
Director |
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Address : |
#21,
N.H.C.S. Layout, 8th Main, Magadi Chord Road, Vijayanagar,
Bangalore-560040, Karntaka, India |
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Date of Birth/Age : |
10.12.1975 |
MAJOR SHAREHOLDERS
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Names
of Shareholders |
No. of Shares |
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Mrs.
Pratibha Anil Kumar |
5000 |
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Mrs.
Sandhya Narendra |
5000 |
BUSINESS DETAILS
|
Line of Business : |
To
undertake the designing and development of systems and applications software
either for its own use or for sale in India or for export outside India and
to design and develop such systems and application software for or on behalf
of manufacturers, owners and users of computer systems and digital/electronic
equipment in India or elsewhere in the world. To undertake Electronics design
services, customized firmware development, integration, testing and
professional technical consultancy services in the area of Information technology
and systems, to buy/sell computers, software, peripherals, electronic
components and related products. |
GENERAL
INFORMATION
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Banking Relations : |
-- |
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Auditors : |
A.
Niranjan Prabhu, Chartered
Accountants Pawan
Bachawat, Chartered
Accountants Address
: # 5, Vishwanath Rao Road, Madhavanagar, Bangalore-560001, Karntaka, India |
CAPITAL STRUCTURE
Authorised
Capital :
|
No.
of Shares |
Type |
Value |
Amount |
|
50000 |
Equity
Shares |
Rs.10/- each |
Rs.0.500 millions |
Issued,
Subscribed & Paid-up Capital :
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No.
of Shares |
Type |
Value |
Amount |
|
10000 |
Equity
Shares |
Rs.10/- each |
Rs.0.100 millions |
LOCAL AGENCY
FURTHER INFORMATION
Nil
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.44.25 |
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UK
Pound |
1 |
Rs.87.30 |
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Euro |
1 |
Rs.57.36 |
SCORE &
RATING EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
2 |
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PAID-UP CAPITAL |
1~10 |
2 |
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OPERATING SCALE |
1~10 |
-- |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
-- |
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--PROFITABILIRY |
1~10 |
-- |
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--LIQUIDITY |
1~10 |
2 |
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--LEVERAGE |
1~10 |
2 |
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--RESERVES |
1~10 |
-- |
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--CREDIT LINES |
1~10 |
-- |
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--MARGINS |
-5~5 |
-- |
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DEMERIT POINTS |
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--BANK CHARGES |
YES/NO |
NO |
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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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8 |
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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