MIRA
INFORM REPORT
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Report Date : |
04.07.2007 |
IDENTIFICATION DETAILS
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Name : |
V2 SOLUTIONS INC |
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Registered Office : |
3003, Bunker Hill, La |
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Country : |
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Date of Incorporation : |
01.04.2003 |
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Legal Form : |
Corporation – Private |
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Line of Business : |
The Subject is an IT solutions provider that specializes in providing custom-built software solutions. |
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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Status : |
Satisfactory |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
IDENTIFICATION &
EXECUTIVE SUMMARY
Company Name : V2SOLUTIONS, INC.
Address :
City :
Founded (D/M/Y) : 2003
State/Province :
Zip Code : 95054
Country : UNITED STATES
Telephone : 408-496-6098
Facsimile : 408-351-0146
Number of Employees : 350
Legal Form : Corporation - Private
Website : www.v2solutions.com
Business Activity:
The Subject is an IT solutions provider that specializes in providing
custom-built software solutions.
NOTE TO CLIENT
Several messages were left for Mr. Vijay Shah, President; we were
unable to reach a member of Management who could provide general
information regarding the Company. Thus, general information in this
report cannot be substantiated.
Please note that we did send a written request to his attention via
facsimile. An update will be provided accordingly should we receive a
response at a later time.
LEGAL
Legal Form : Corporation - Private
Since (D/M/Y) : 01/04/2003
State/Province of Incorporation : CA
Status : ACTIVE
Name of Corporation : V2SOLUTIONS, INC.
Number : C2505118 Date Filed: 4/1/2003 Status: active
Jurisdiction :
Address :
Agent for Service of Process
VIJAY G SHAH
Managers/Key Personnel
Mr. Vijay G. Shah Chief Executive Officer
Mr. Raj G. Thaker Director
Ms. Swati Thakar Accounts Manager
Mr. Anjan Chatterjee General Manager
Subsidiary:
V2 Tech Ventures Pvt. Ltd.
First Floor B103/104
Vashi Railway Complex
NAVI MUMBAI 400705
PAYMENT HISTORY
The firm is not a large seeker of local trade credit as a significant payment
record could not be developed.
FINANCIAL INFORMATION
According to an outside source, the Company has annual sales in the
range of USD$2.6 million.
The Company was forwarded a fax requesting financial information.
Currently we have not received a response.
CURRENT OPERATIONS
NAICS Code : 5614 Business Support Services
NAICS Code : 5141 Information Services
Number of Employees : 350
Business Activity:
The Subject is an IT solutions provider that specializes in providing
custom-built software solutions.
The Subject offers the following services to its customers: software service,
creative service, technical writing, business support option service, and
quality assurance service.
The Subject serves the following industries: media and entertainment,
communications and telecom, web-based applications, healthcare, real-estate and
mortgage.
The heading address is the headquarters and sole location for the Company.
PUBLIC RECORD
No derogatory legal action was filed against the Subject nor were there any
Uniform Commercial Codes that were filed by the Subject.
A search of bankruptcy courts revealed no record of the Subject filing for
bankruptcy.
GENERAL COMMENTS
The Subject provides custom-built software solutions and business consulting
services since 2003. No payment history was found and there were no legal
findings found against the company. The Company is considered to be responsible
for all business transactions.
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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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%)