MIRA
INFORM REPORT
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Report Date : |
19.07.2007 |
IDENTIFICATION DETAILS
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Name : |
RADIANT INFOSYSTEMS |
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Registered Office : |
201, LSC Pocket D and E, Sarita Vihar, |
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Country : |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
2004 |
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Legal Form : |
Sole Proprietory Concern. |
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Line of Business : |
Service providers for computer and networking equipments and computer
apparels. |
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 4000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a well-established and reputed concern having satisfactory
track. Proprietor is reported as
experienced and respectable businessman.
Trade relations are reported as fair.
Business is active. 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/
Warehouse : |
201, LSC Pocket D and E, Sarita Vihar, |
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Tel. No.: |
91-11 – 41403907 |
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Mobile No.: |
91-9810916619 |
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Fax No.: |
91 - 11 -41403908 |
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E-Mail : |
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Website : |
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Area : |
700 Sq. fts. |
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Location : |
Rented (Land owned by Mr. Nishant) |
SOLE PROPRIETOR
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Name : |
Mrs. Chandrika Gupta |
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Designation : |
Proprietor |
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Date of Birth/Age : |
33 years |
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Qualification : |
Post Graduate |
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Experience : |
12 years |
KEY EXECUTIVES
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Name : |
Mr. Nishant Gupta |
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Designation : |
Operational Head |
BUSINESS DETAILS
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Line of Business : |
Service providers for computer and networking equipments. |
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Terms : |
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Selling : |
Credit (30 days) |
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Purchasing : |
Cash or Credit (45 days) |
GENERAL INFORMATION
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Customers : |
v
Corporate Clients v
Institutions |
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No. of Employees : |
22 |
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Bankers : |
v
Duetche Bank Gurgaon Branch, v
ICICI Bank v
UTI Bank Noida Branch, |
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Banking
Relations : |
Satisfactory |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs. 1.000 million |
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Borrowed : |
- |
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Total : |
Rs. 1.000 million |
FINANCIAL DATA
[all figures are
in Rupees Millions]
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Particulars |
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31.03.2007 |
31.03.2006 |
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Sales Turnover |
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9.000 |
2.000 |
Expected Sales (2007-08): Rs. 30.000 millions
LOCAL AGENCY FURTHER INFORMATION
Trade References
v
Central and Switch gear Group,
v
Siemens Limited,
v
Wipro Infotech,
Website details attached:
About Subject
Subject is in the field of Document Management, conversion and BPO
services for last 3 years and has successfully executed several projects. The
company has its own software development team who helps in the principal work
area by writing tools and software programs for accurate conversion as per the
client’s requirement. The company has a team of 35 people for conversion job
and 7 people for software development. The separate division of BPO has about
10 people with several joint ventures across the country.
Subject helps client successfully execute and manage business process
management and outsourcing strategy to achieve breakthrough results. As
long-term partners in their client's success, they build the capability to
execute strategy and accelerate time to results. The outcome - their client’s
increased ability to manage business processes effectively and efficiently to
better support their strategic business plans, to improve performance,
profitability.
Services
Software Services
Subject has caliber and capacity to design the solution best suited for the business requirement.
Web Services
Simplicity Hosting offers Cutting Edge Web Design and Programming
services for their world wide customers.
Skills
They combine the right resources, people, processes, and cutting edge
technologies to help us reduce the costs and achieve
Testimonial
They combine the right resources, people, processes, and cutting edge
technologies to help us reduce the costs
Advantages
At subject, they combine the right resources, people, processes, and
cutting edge technologies to help us reduce the costs and achieve competitive
advantage through their innovative business process outsourcing programs
Company Profile
They enable their clients to utilize a variety of business process management and outsourcing solutions & platforms, Internet-based technology and tools to transform the existing business processes into a high-performance business model. They help us identify, design, develop and deploy business solutions that expand and leverage the current business processes; measure, monitor & improve the conventional business process efficiencies; reduce operating costs; increase the profitability; and help us sustain real competitive advantage.
They understand
that each and every process within a company whether it is core or non-core is
very valuable in meeting the company’s objectives and their customers' needs.
They realize that each BPO implementation is unique and is based upon
particular business requirements. They therefore go to great lengths to learn
all aspects of the business, the market, and the industry. Upon analyzing the
business requirements, they together determine the best solution that will
quickly, efficiently and effectively drive the business process execution and
management and derive real benefits to the organization.
Their
comprehensive range of BPO solutions includes consulting and outsourcing in
Strategic Performance Management Solutions, Finance & Accounting, Help Desk
and Customer Relationship Management.
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. 40.40 |
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1 |
Rs. 82.93 |
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Euro |
1 |
Rs. 55.81 |
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 |
6 |
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--PROFITABILIRY |
1~10 |
4 |
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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 |
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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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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