MIRA
INFORM REPORT
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Report Date : |
09.06.2007 |
IDENTIFICATION DETAILS
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Name : |
HEPATICA TECHNOLOGIES PRIVATE LIMITED |
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Registered Office : |
106, Raycon Orchard, #405, 4th Cross, A – Block, AECS
Layout, Kundanahallo, |
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Country : |
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Date of Incorporation : |
07.12.2006 |
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Com. Reg. No.: |
41131 |
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CIN No.: [Company
Identification No.] |
U72200KA2006PTC041131 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
BLRH03252E |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Provider of appropriate Computer Aided Engineering (CAF) design solutions
for a wide range of engineering customers across the globe |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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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. No further
details or payment are made available. The company can be considered for any business dealings on safe and
secured trade terms and conditions only. |
LOCATIONS
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Registered Office : |
106, Raycon Orchard, #405, 4th Cross, A – Block, AECS
Layout, Kundanahallo, |
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E-Mail : |
DIRECTORS
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Name : |
Mr. A. S. Baskaran |
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Designation : |
Director |
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Name : |
Mr. B. A. Prasanna |
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Designation : |
Director |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
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Names of Shareholders |
No. of Shares |
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Mr. S. Baskaran |
12,500 |
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Mr. A. Prasanna |
12,500 |
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Total |
25,000 |
BUSINESS DETAILS
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Line of Business : |
Provider of appropriate Computer Aided Engineering (CAF) design
solutions for a wide range of engineering customers across the globe |
GENERAL INFORMATION
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Bankers : |
State Bank of |
CAPITAL STRUCTURE
New company
FINANCIAL DATA
[all figures are
in Rupees Millions]
New company
LOCAL AGENCY FURTHER INFORMATION
Website Details:
People
Hepatica is an
idea from the industry's experienced professionals, who are to set new heights
in engineering services business.
As a
knowledge-based business, Hepatica’s success is built on the unique
capabilities of their people together, with an ability to quickly form and
motivate multi-skilled teams and who recognize that teamwork is the key to
delivering ground-breaking achievements for their customers.
To provide
appropriate Computer Aided Engineering (CAE) design solutions for a wide range
of engineering customers across the globe, with their established and cost
effective best practices
Their Values
·
They would
facilitate their customers to reduce time
to market.
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By delivering superior results they exceed
expectations consistently.
·
Value added delivery through their seamless customer
integration.
With Globalization all around,
they focus in aiding all their customers with their
"extended facility" consulting business models.
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Consulting Solutions
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Offshore Project team(24X7)
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The current trend in the engineering industries is having the effect of
involving more people over a wider geographical area. Component, System, Module
Suppliers and Integrators are required to work with the manufacturers in real
time internationally.
•
Hepatica global delivery model, with its off shore project team would enable
its customers to meet the time lines of their customers.
•
Hepatica’s offshore team could support clients at different locations since
their team works in multiple shifts.
– Onsite
consulting and Integration
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Hepatica would provide “On-site consulting” solutions where outsourcing is not
an option for their customers due to
their client restrictions, etc.
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Their On-site consulting solutions could complement their customers,
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To keep their in-house head count at a optimum – budget control
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Can ramp up/down their team based on project requirements – timing &
changes
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To solve critical problems which are not the core areas of the customer – technology
infusion
–
Hepatica’s “onsite-integration” concept would make it easy for managing and
controlling in- house outstheirce work
by Hepatica project teams in customer facilities.
They focus on providing services with their cost effective
and proven methods.
Hepatica serves,
Industries:
Automotive
Aerospace
General engineering
Hepatica offers
services with
Computer Aided Engineering (CAE)
Manufacturing solutions
Tool Expertise
Modeling
Analysis
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.40.98 |
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1 |
Rs.80.98 |
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Euro |
1 |
Rs.54.99 |
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 |
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 |
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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12 |
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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