MIRA
INFORM REPORT
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Report Date : |
27.06.2007 |
IDENTIFICATION DETAILS
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Name : |
BVP INDIA INVESTORS PRIVATE LIMITED |
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Registered Office : |
Prestige Loka 3rd Floor, |
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Country : |
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Date of Incorporation : |
18.02.2005 |
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Com. Reg. No.: |
35650 |
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CIN No.: [Company
Identification No.] |
U74140KA2005FTC035650 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
BLRB04918E |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Subject is engaged in Venture Capital/ Investment Activities. |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
-- |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is a relatively small company having moderate track.
Management of the company remained non- cooperative despite several follow-ups.
No details could be available from the Government records. No further details
or payment records are made available. The company can be considered for small business dealings with slight
caution, initially. |
LOCATIONS
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Registered Office : |
Prestige Loka 3rd Floor, |
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Tel. No.: |
91-80-4112-8282×105 |
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E-Mail : |
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Website : |
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Area : |
2000 Sq.ft. (Rented) |
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Head Office : |
# 71, Free Press House, 7th Floor, Free |
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Tel. No.: |
91-22-6616-2000 |
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Fax No.: |
91-22-6616-2001 |
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Branches : |
International
Offices: |
DIRECTORS
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Name : |
Mr. Murali Krishnan A G |
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Designation : |
Director |
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Name : |
Mr. J Edmund Colloton (US Based) |
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Designation : |
Director |
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Name : |
Mr. Robin S Chandra (US Based) |
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Designation : |
Director |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
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Names of Shareholders |
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Percentage of
Holding |
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Directors and Associates |
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100.00 |
BUSINESS DETAILS
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Line of Business : |
Subject is engaged in Venture Capital/ Investment Activities. |
GENERAL INFORMATION
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Bankers : |
Not Available |
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Banking
Relations : |
-- |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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2525000 |
Equity Shares |
Rs.10/- each |
Rs.25.250 millions |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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1000000 |
Equity Shares |
Rs.10/- each |
Rs.10.000 millions |
LOCAL AGENCY FURTHER INFORMATION
Website Details :
Investment
Criteria
Behind every great business is the story of an entrepreneur who crafted
a vision to change the world, and against all odds assembled the resources
necessary to execute that vision.
BVP enjoys a unique evergreen structure that stems from our longstanding
relationship with our limited partner, described in the BVP History section. We are not restricted
by the sector parameters or timing of any specific fund, and so our investment
charter is unusually flexible in terms of industry and stage of investment.
More importantly, our unique history and structure afford the partnership a
long-term investment horizon, and so we regularly assess investment
opportunities based on their ten-year potential.
Our investment strategy stems from opportunities that spring from the
most profound changes in our economy, particularly those where technology can
even the playing field for new entrants. At any given time, we focus on a
handful of the largest opportunities, so that BVP partners can build an
expertise around those markets. We do occasionally stray from our target
markets for new, extraordinary opportunities.
Historically we have made everything from seed stage investments (e.g. VeriSign, Sahara (acquired by Lucent),
and Pirus (acquired by Sun))
through institutional venture rounds (e.g. Ciena, The Sports Authority, and Skype (acquired by eBay)), to growth capital infusions for
companies with significant revenue traction (e.g. System Management Arts (acquired by EMC), ART Advanced Recognition Technologies
(acquired by Scansoft, now Nuance), and Gerson-Lehrman Group).
History
Bessemer Venture Partners is a private venture capital firm that carries
on one of the longest-standing venture capital activities in the country. In
1911, Henry Phipps established what was to become Bessemer Securities
Corporation (BVP's principal limited partner) as an investment firm for the
benefit of his descendants, starting with his share of the proceeds from the
sale of Carnegie Steel. Since its inception, a central component of Bessemer
Securities' charter has been to invest in and help build innovative,
high-growth companies. Some of the companies that
Bessemer Venture Partners continues this tradition, managing over a
billion dollars of venture capital, in addition to the $2 billion of
investments outside venture capital that other
Team
We don't just invest-we help entrepreneurs build great enduring
companies. BVP has done this for nearly a century and with 200 years of
collective investment and operating experience, our professionals know what it
takes. Supported by the operations team,
we roll up our sleeves and apply our experience and network to make your
venture successful.
Rob Chandra
J. Edmund
Colloton
David Cowan
Senior Partners and Partners :
Byron
Deeter
Ron Elwell
Adam Fisher
Christopher
Gabrieli
G. Felda
Hardymon
Justin
Label
Operating Partners :
Tom Berger
Devesh Garg
Chini
Krishnan
Entrepreneurs
–In- Residence :
Geoffrey
Arone
Monty
Cleeves
Tom Riordan
Vice
Presidents, Associates and Analysts :
Stephen
Bluestein
Philippe
Botteri
James Cham
Christopher
Farmer
Alex
Ferrara
Stephen
Kraus
Derrick
T.L. Lee
Ted Lin
Jack
McCambridge
Brian
Neider
Sarah Tavel
Hans Tung
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.40.75 |
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1 |
Rs.81.63 |
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Euro |
1 |
Rs.54.79 |
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 |
3 |
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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 |
3 |
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--LEVERAGE |
1~10 |
3 |
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--RESERVES |
1~10 |
2 |
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--CREDIT LINES |
1~10 |
2 |
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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 |
YES |
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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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15 |
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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