MIRA
INFORM REPORT
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Report Date : |
24.02.2007 |
IDENTIFICATION
DETAILS
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Name : |
GENESYS
INTERNATIONAL CORPORATION LIMITED |
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Registered Office : |
73A SDF-III, SEEPZ, Andheri (East), Mumbai-400 096, Maharashtra |
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Country : |
India |
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Financials (as on) : |
31.03.2006 |
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Date of Incorporation : |
28.01.1983 |
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Com. Reg. No.: |
11-29197 |
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CIN No.: [Company
Identification No.] |
L65990MH1983PTC029197 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
MUMG05128E |
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PAN No.: [Permanent
Account No.] |
-- |
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Legal Form : |
A
public limited liability company. The company’s shares are listed on the
Stock Exchanges. |
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Line of Business : |
Subject
is engaged in Software Development Networking GIS, Digital Mapping and
Engineering Services. |
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 2250000 |
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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 company having satisfactory track. Directors are
reported as experienced and respectable businessmen. Trade relations are
reported as fair. Business is active. Payments are usually correct and as per
commitments. The company can be considered normal for business dealings at usual trade terms and conditions. |
LOCATIONS
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Registered Office : |
73A SDF-III, SEEPZ, Andheri (East), Mumbai-400 096, Maharashtra, India |
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Tel. No.: |
91-22-28290303 |
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Fax No.: |
91-22-28290603 |
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E-Mail : |
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Website : |
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Regional Office : |
Bangalore, India Mumbai (Bombay), India New Delhi, India Oxford, UK Port St. Lucie, Florida Tel No. : 1-772-873-4072 White Plains, New York |
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Services Office
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Bangalore, India Mumbai (Bombay) New Delhi, India Oxford, UK Port St. Lucie, Florida White Plains, New York Mumbai (Bombay), India White Plains, New York |
DIRECTORS
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Name : |
Mr. Sajid Malik |
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Designation : |
Managing Director |
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Name : |
Mrs. Saroja Malik |
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Designation : |
Whole Time Director |
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Name : |
Mr. Sohel Malik |
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Designation : |
Director |
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Name : |
Mr. Hemant Majethia |
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Designation : |
Director |
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Name : |
Mr. Ganapathy Vishwanathan |
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Designation : |
Director |
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Name : |
Mr. Ganesh Acharya |
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Designation : |
Director |
KEY EXECUTIVES
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Name : |
Mr. Pankaj Bahal |
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Designation : |
Asst. Company Secretary |
SHAREHOLDING
PATTERN
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Names of Shareholders |
No. of Shares |
Percentage of
Holding |
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Promoters |
5253667 |
47.79 % |
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Independent
Directors |
55325 |
0.51 % |
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Relatives of
Independent Directors |
25517 |
0.23 % |
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Mutual Fund |
9300 |
0.08 % |
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Body Corporate |
635620 |
5.78 % |
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N.R.I. |
1659222 |
15.09 % |
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OCBs |
126 |
0.00 % |
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Individual |
3348279 |
30.46 % |
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Clearing Member |
6700 |
0.06 % |
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Total |
10993756 |
100.00 % |
BUSINESS DETAILS
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Line of Business : |
Subject
is engaged in Software Development Networking GIS, Digital Mapping and
Engineering Services. |
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Products : |
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GENERAL
INFORMATION
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No. of Employees : |
331 |
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Bankers : |
Ø State Bank of
India Ø HDFC Bank
Limited Ø Corporation Bank |
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Facilities : |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
Maniar & Maniar Chartered Accountants |
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Associates/Subsidiaries : |
Genesys Enterprises Inc. 110, Corporate Park Drive, White Plains, New York 10604, USA Genesys International (UK) Limited 470a Green Lanes, Palmers Green, London N13 SPA Aerial Surveyor Limited 470a Green Lanes, Palmers Green, London N13 SPA |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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12000000 |
Equity Shares |
Rs. 10/- each |
Rs. 120.000 Millions |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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10993756 |
Equity Shares |
Rs. 10/- each |
Rs. 109.938
Millions |
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FINANCIAL DATA
[all figures are in Rupees Millions]
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
31.03.2006 |
31.03.2005 |
31.03.2004 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
109.938 |
109.938 |
109.900 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
471.453 |
469.810 |
474.600 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
581.391 |
579.748 |
584.500 |
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LOAN FUNDS |
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1] Secured Loans |
22.377 |
21.504 |
25.100 |
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2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
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TOTAL BORROWING |
22.377 |
21.504 |
25.100 |
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DEFERRED TAX LIABILITIES |
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TOTAL |
603.768 |
601.252 |
609.600 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
76.298 |
93.397 |
108.300 |
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Capital work-in-progress |
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7.157 |
4.000 |
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INVESTMENT |
268.661 |
245.781 |
242.000 |
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DEFERREX TAX ASSETS |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
0.000
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0.000 |
2.000 |
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Unbilled Revenues |
2.086
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3.703 |
0.000 |
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Sundry Debtors |
138.644
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145.969 |
112.700 |
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Cash & Bank Balances |
83.682
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76.440 |
106.700 |
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Other Current Assets |
0.024
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0.030 |
0.000 |
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Loans & Advances |
59.816
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60.871 |
63.000 |
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Total
Current Assets |
284.252
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287.013 |
284.400 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Current Liabilities |
18.369
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29.915 |
30.300 |
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Provisions |
7.381
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4.081 |
2.800 |
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Total
Current Liabilities |
25.750
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33.996 |
33.100 |
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Net Current Assets |
258.502
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253.017 |
251.300 |
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MISCELLANEOUS EXPENSES |
0.307 |
1.900 |
4.000 |
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TOTAL |
603.768 |
601.252 |
609.600 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
31.03.2006 |
31.03.2005 |
31.03.2004 |
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Sales Turnover |
139.682 |
176.010 |
204.000 |
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Other Income |
0.761 |
1.247 |
2.400 |
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Total Income |
140.443 |
177.257 |
206.400 |
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Profit/(Loss) Before Tax |
3.063 |
[4.820] |
20.400 |
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Provision for Taxation |
1.419 |
-- |
0.000 |
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Profit/(Loss) After Tax |
1.644 |
[4.820] |
20.400 |
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Earnings in Foreign Currency : |
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Revenue and Operations |
140.162 |
136.866 |
NA |
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Total Earnings |
140.162 |
136.866 |
NA |
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Imports : |
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Capital Goods |
-- |
1.292 |
NA |
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Software Packages |
0.049 |
0.518 |
NA |
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Total Imports |
0.049 |
1.810 |
NA |
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Expenditures : |
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Personnel Costs |
67.114 |
85.510 |
73.400 |
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Manufacturing Expenses |
0.000 |
0.000 |
18.600 |
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Operating and Other
Costs |
47.990 |
71.233 |
0.000 |
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Interest &Finance Costs |
1.923 |
2.426 |
2.600 |
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Selling and Administrative Expenses |
0.000 |
0.000 |
43.100 |
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Miscellaneous Expenses |
0.000 |
0.000 |
14.700 |
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Power & Fuel |
0.000 |
0.000 |
3.700 |
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Depreciation /
Amortisation |
24.866 |
22.908 |
22.900 |
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Total Expenditure |
141.893 |
182.077 |
179.000 |
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QUARTERLY RESULTS
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PARTICULARS |
30.06.2006 |
30.09.2006 |
31.12.2006 |
|
Type |
1st
Quarter |
2nd
Quarter |
3rd
Quarter |
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Sales
Turnover |
41.100 |
41.200 |
67.900 |
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Other
Income |
0.300 |
0.200 |
0.500 |
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Total
Income |
41.400 |
41.400 |
68.400 |
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Total
Expenditure |
32.100 |
32.500 |
55.400 |
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Operating
Profit |
9.300 |
8.900 |
13.000 |
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Interest |
0.400 |
0.500 |
0.400 |
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Gross
Profit |
8.900 |
8.400 |
12.600 |
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Depreciation |
4.700 |
4.700 |
4.600 |
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Tax |
0.200 |
0.700 |
0.400 |
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Reported
PAT |
4.000 |
3.000 |
7.600 |
Notes
200606
Quarter 1 –
1. Assets used in the Company's operations or liabilities
contracted have not been identified to any of the reportable segments, as the fixed
assets and services are used interchangeably amongst segments. The Company
believes that it is currently not practicable to provide segment disclosures
relating to total assets and liabilities. 2. The financial results for the
quarter ended June 30,2006 are subject to limited Review' by the Statutory
Auditors of the Company. 3. As the company has not received any investor
complaint during the quarter ended June 30,2006, no investor complaint has
remained unresolved. No investor complaints were pending at the beginning of
the said quarter. 4. Pursuant to the approval of shareholders at Extra Ordinary
General Meeting of the Company held on 15th May, 2006, the Company has made
Preferential allotment of 2,085,000 Equity Shares of Rs.10/- each at a premium of
Rs. 9/- per Equity Share and 1,845,000 Warrants convertible into Equity Shares
of Rs. 10A each at a premium of Rs. 9/- per Equity Share to Promoters, their
relatives and Others on 27th May, 2006. The company has received Rs. 19/- per
Equity Share and Rs. 1.90 per Warrant (10% of the price of the Equity Shares to
be issued on exercise of the Warrants) aggregating to Rs. 4,31,20,500/-. 5. The
Institute of Chartered Accountants of India has issued a revised Accounting
Standard (AS -15) on Employees Benefits effective 1st April 06. The liabilities
for defined benefit plan are being reviewed in terms of the requirement of the
said Accounting Standard and accordingly necessary adjustments will be carried
out at the end of the current financial year. However, the impact on account of
this is not likely to be material on the fiancial results. The above results
have been reviewed by the Audit Committee and were taken on record by the Board
of Directors at their respective meetings held on July 31,2006.
200609
Quarter 2 –
Expenditure Includes Staff Cost Rs 18.213 million Other
Expenditure Rs 14.280 million Depreciation indicates Depreciation &
Amortisation Tax includes Provision for Taxation Current Tax Rs 0.070 million
Fringe Benefit Tax Rs 0.580 million EPS is Basic and Diluted Status of Investor
Complaints for the quarter ended September 30, 2006 Complaints Pending at the
beginning of the quarter Nil Complaints Received during the quarter 01
Complaints disposed off during the quarter 01 Complaints unresolved at the end
of the quarter Nil 1. The financial results for the quarter ended September 30,
2006 are subject to 'Limited Review' by the Statutory Auditors of the Company.
2. The Institute of Chartered Accountants of India has issued a revised
Accounting Standard (AS - 15) on Employees Benefits effective April 01, 2006.
The liabilities for defined benefit plan are being reviewed in terms of the
requirement of the said Accounting Standard and accordingly necessary
adjustments will be carried out at the end of the current financial year.
However, the impact on account of this is not likely to be material on the
financial results. 3. The above results have been reviewed by the Audit
Committee and were taken on record by the Board of Directors at their respective
meetings held on October 31, 2006.
200612
Quarter 3 –
Assets used in the Company's operations or liabilities
contracted have not been identified to any of the reportable segments, as the
fixed assets and services are used interchangeably amongst segments. The
Company believes that it is currently not practicable to provide segment
disclosures relating to total assets and liabilities. 2. As the Company has not
received any investor complaint during the quarter ended December 31, 2006, no
investor complaint has remained unresolved. No investor complaints were pending
at the beginning of the said quarter. 3. The Equity Shareholders of the Company
at its Extra Ordinary General Meeting held on 15th January 2007 approved the
following: a) Reduction of the Paid up Equity Share Capital of the Company,
subject to confirmation from Hon'ble High Court of Bombay, by paying off I
returning the entire paid up share capital on 20,85,000 Equity Shares of
Rs.10/- each at a premium of Rs. 9/- per Equity Share allotted on preferential
allotment basis in the month of May, 2006. b) Fresh Issue of 39,30,000 Warrants
convertible into 39,30,000 Equity Shares of Rs. 10l- each at a premium of Rs.
9l- per Equity Share on preferential basis to the Promoters of the Company and
Outside Investors. 4. The Board of Directors at its Meeting held on 16th
December 2006 has approved the cancellation of 18,45,000 Warrants convertible
into 18,45,000 Equity Shares of Rs.101- each at a premium of Rs. 91- per Equity
Share. 5. The Institute of Chartered Accountants of India has issued a revised
Accounting Standard (AS -15) on Employees Benefits effective 1st April 06. The
liabilities for defined benefit plan are being reviewed in terms of the
requirement of the said Accounting Standard and accordingly necessary
adjustments will be carried out at the end of the current financial year.
However, the impact on account of this is not likely to be material on the
financial results. 6. The financial results for the quarter ended December 31,
2006 are subject to 'Limited Review' by the Statutory Auditors of the Company.
The above results have been reviewed by the Audit Committee and were taken on
record by the Board of Directors at their respective meetings held on January
31,2007.
KEY RATIOS
|
PARTICULARS |
31.03.2006 |
31.03.2005 |
31.03.2004 |
|
Debt
Equity Ratio |
0.04 |
0.04 |
0.03 |
|
Long
Term Debt Equity Ratio |
0.00 |
0.00 |
0.01 |
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Current
Ratio |
5.53 |
5.09 |
6.11 |
|
TURNOVER
RATIOS |
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Fixed
Assets |
0.66 |
0.87 |
1.15 |
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Inventory
|
0.00 |
176.00 |
29.01 |
|
Debtors |
0.98 |
1.36 |
1.82 |
|
Interest
Cover Ratio |
2.58 |
[1.00] |
8.85 |
|
Operating
Profit Margin (%) |
21.33 |
11.65 |
24.64 |
|
Profit
Before Interest and Tax Margin (%) |
3.51 |
[1.36] |
10.71 |
|
Cash
Profit Margin (%) |
18.97 |
10.28 |
23.43 |
|
Adjusted
Net Profit Margin (%) |
1.15 |
[2.73] |
9.50 |
|
Return
on Capital Employed (%) |
0.81 |
[0.40] |
3.91 |
|
Return on Net Worth (%) |
0.28 |
[0.82] |
3.55 |
STOCK PRICES
|
Face Value |
Rs.10.00/- |
|
High |
Rs.21.50/- |
|
Low |
Rs.20.50/- |
LOCAL AGENCY
FURTHER INFORMATION
History
Genesys International Corporation was founded in 1995 with
the mission to become a global leader as a single-source provider of Geospatial
solutions and IT consulting services. Based in White Plains,NY,Genesys
International has over 600 professionals in its locations around the
world.
For large complex projects,Genesys place a project manager onsite at the client
location to provide the highest level of efficiency and technical
support.
Genesys International Limited is executing a multi-million dollar GIS project
for a large state in the US. The project involves creation of a parcel database
by capturing all the Public Land Survey System(PLSS) information ranging from
the basic unit and the sub-division of the section. It is also invovled in
creating large geo database for all Indian major cities using IKONOS-GIS
application on behalf of a large utility company.
The company is planning to launch customized solutions for:
LIST-Land Info System for revenue authorities.PUMP-Public Utilities Management
& Planning system for electricity,water etcTRIST-Transport Info Systems for
public Transport PlanningCRISP-Constituency Related Info Systems for Public
servants.
During 2001-02 the company has successfully acquired the Image Scan one of the
leading high precision scanning,imaging and mapping database provider in North
America.
Business
The company’s
large complex projects, Genesys place a project manager onsite at the client
location to provide the highest level of efficiency and technical support.
It is
also engaged in providing Geographical information services comprising
Photogrammetry, remote sensing, Cartography, Data Conversion, related computer
based services and information technology consulting services.
Fixed Assets :
Tangible Assets
Ø
Computer Hardware
Ø
Furniture & Fixtures
Ø
Office Equipments
Ø
Vehicles
Intangible Assets
Ø
Computer Software
Ø GIS Database
Performance
Review:
On a stand-alone
basis, the Revenue from operations stood at Rs. 140.442 Millions against Rs.
177.257 Millions in the previous year. The Company recorded Profit after Tax of
Rs. 1.644 Millions against the Loss of Rs. 4.820 Millions in the previous year.
Though the mapping business tends to be seasonal in nature, they believe that
intrinsic strengths built by the Company will continue to attract a wider
client base.
The detailed
analysis of Company's operations and outlook for the coming years are covered
under 'Management Discussion and Analysis'.
New Initiatives:
The Company has
decided to focus on its core business and build on its existing strengths. As
such, continued development on mapping technologies & practices and keeping
abreast of new technology are intrinsic to this focus. They believe that with
the infrastructure initiatives in India, a lot of GIS, mapping initiatives
would be relevant in the domestic context.
Business
Prospects:
The Company feels
confident of achieving more traction on the GIS business. It was recently
awarded the contract to fly several cities by the Government of India and this
marks a good beginning for public-private sector partnership, as infrastructure
development takes off in India. Of course, main markets the Company addresses
are the US and Europe. The Company enjoys a good reputation in these markets
and also continued to enjoy excellent working relationships with its clients.
All this factors will contribute to a growth in company's business.
As per website
Genesys International is a multi-national corporation with offices in
Europe, United States of America and India. It provides world-class Geospatial,
Engineering and Information Technology Solutions to the Utility, Telecom,
Energy, Government, Oil & Gas and PetroChemical sectors.
Genesys was incorporated in 1995, Headquartered in New York and publicly
traded on the Indian Stock Exchanges.
Genesys is Globally Managed with their management vertically organized
and technically integrated with production facilities in all regions. Genesys
provides best shore production, consulting and solution development either
onsite, offshore or “Globally Optimized.”
Globally Optimized
Genesys' “Globally Optimized” process is defined as Best Practices,
Best Processes, Best People, Best Price, regardless
of location.
They globally optimize each project based on the customers requirements,
processes, procedures and technology.
A product that allows simultaneous viewing of data belonging to
different time periods and help identify the areas of change. The product is
intended to be primarily used for land use/cover studies.
GenViewer, is the light desktop product that can read various GIS
formats like TAB, SHP, DWG, GeoTIFF, JPEG, ECW, Mr.SID, TGA, PCX, BMP and
allows basic editing operations to be performed. The user can swap the old and
latest data on the viewer. The two datasets can be superimposed, blend and
visually merged. The viewer also allows user to add his own data, to view
thematic maps and link hotspot facility. It also supports common functions like
zoom, pan and printing.
GenViewer is a Multi Document Interface like Microsoft Word or Excel. User can
open up to 15 map windows at a time for working. The viewer has a Group
facility wherein tiles can be grouped and stored as .gvp file. With the
help of gvp file, the viewer can select only one file to add the images.
The product is developed using GeoObjects (ActiveX component from Blue Marble
Geographics).
In today's business marketplace, effective use and flow of information
is the key to success. Business information parameters like sales, customer
inventory, potential market segmentation and demographic profile form the
defining factors for all industrial segments like FMCG, Retail, Real-estate,
Insurance, Pharmaceutical, etc. Since most of this data has geographical
location, it becomes important to use GIS for analyzing them spatially (Bal
Krishna & Pia, CSDMS). Business GIS and mapping have evolved into a
formidable tool by which corporate world can use spatial information to manage
their business.
Conventional database management software can only answer statistical questions
like how many potential customers are out there and which territory has the
highest growth. GIS applications, in contrast can relate all this information
geographically. It also allows the user to spatially visualize data thus
revealing hidden relationships, patterns and trends. For example GIS can answer
queries like which locations in the city are suitable for a certain retail
outlet location? What route should distribution trucks take to minimize
delivery cost and time? Which are the potential rural areas having great scope
for marketing particular product?
This product demonstrates the advantages of Business GIS, explores a GIS
application devised for marketing and sales. This application was
conceptualized to use GIS as the information system to improve the systems in
the field of rural marketing campaigns. The product supports Market analysis
and designing route plans for rural and semi-urban campaigns supported by
Geo-demographic analysis.
The system is designed to allow the user to analyze the market
statistics based on the various data (including demographics) and eventually
help in identifying the market areas for brand promotion based on the selected
parameters. The application enables the user to prepare a route plan for
covering the target places in the predefined time period.
"LinCompass" runs on ArcView, desktop GIS software. It has
been developed by using Avenue, a customization language of ArcView.
Application Layout and Functionalities::
"LinCompass" is designed as a modular application. Modules are based
on three broad requirements:
|
Requirement. |
Module. |
|
Identification of potential market. |
Market Analysis |
|
Function to design various type of route |
Route Design |
|
Facility for future expansion. |
Data Updating |
MARKET ANALYSIS Module::
To identify the potential markets application offers various procedures
such as prioritizing districts according to the required parameters or
assigning the pre-decided list of places to be covered for further analysis.
Thus making selection process flexible. These procedures as a result provide
user with identified potential market on the basis of desired parameter
depicted on the map.
Identification of potential market - Prioritization of districts::
Drilling down to the places of visit - Analysis by query
Composite query
Buffer query
ROUTE PLANNING Module::
This function provides the facility to generate route plans for marketing
campaigns. The user can create any number of route plans based on various
parameters. The software has the facility to save and store the route plans
generated in iteration. The user can then evaluate each of these plans
individually and select the best. It generates route plans on the basis of
shortest path and assigned weightage to the selected parameters. It provides
user the facility to specify the 'Start Place' and the 'Start Date' of the
route.
Route plan calculator:
Route Plans:
Stockist option:
Linear & Circular Route options:
Continuous and with break Plan selection:
Automatic & Manual Route options:
Night-halt selection:
Route plan for covering congregations:
Route plan along Highway:
Combination of any of the above:
Creating & updating data::
Designed for the purpose of future expansion "LinCompass" has the
facility to create and link additional table / fields. Fields such as sales
information, work status in each village, states, etc with the database and
regularly update it, which will be automatically attached with the map and
changes of the data can instantly be viewed and queried in the map.
Tables created externally (i.e. in some other system/location but within
"LinCompass" environment), can be incorporated with the existing
database and automatically linked with the map.
This function also allows user to edit existing user-created tables. As
this function involves adding and editing of records there may be a possibility
that an unknown user may misuse the data. Hence security is provided up to an
extent so that only an authorized user is allowed to add/edit the records.
Facility has been provided for the database administrator to change the user
password.
Run time attachment and detachment of data::
Relational Database Management System (RDBMS) has been used for database
maintained in this application. The application attaches and detaches data
automatically on run time as per the user selections, which reduces time
consumption while performing queries.
Reports generation::
"LinCompass" automatically generates reports of all route details
along with the other required information. This report is created in the .dbf
format and the application provides the option to export report to excel.
The
Genesys family consists of over 600 professionals with experience in various
software GIS and business sector worldwide.
Some of
the company’s alliances includes :-
·
Microsoft
·
ESRI
·
IBM
·
Lotus
Notes
·
Oracle
·
Novell
·
NapInfo
Structure
and Developments
Subject
has three business divisions, all with an overall vision to be a niche
engineering services player.
In this
business subject has witnessed sluggish growth over the last two years, largely
to lack of spending by large its users, the utility sector as well as the US
state governments. Its industry tends to be very regional in nature and players
small compared to others in mainstream technologies. However growth lies in
fast absorption of newer technologies, providing innovative solutions for key
markets and creating of proprietary geo databases which has repetitive sales
value.
In
engineering services segment subject is a pioneer in the business of remote
monitoring and diagnostics. It believes that OEM’s with large and
geographically disparate installation base would provide a huge market for this
service. Certain large OEM’s have already launched their own captive service of
this nature and the subject finds that there was a very high possibility of
other OEM’s opting for the service given that the services provided by India
are at significantly lower cost.
On the
IT side, it find a stabilized environment and offshore services being
increasigly sought after. Subject has been developing its own strengths in the
same, capitalizing on the lateral knowledge and relationships built by the
other two divisions.
Subject
is a multi-location ISO 9001:2000 certified company. It partners with mid to
large organizations in growing their
business through the power of information and technology. Subject is a single
source provider of IT Solutions, Geospatilal Services and Engineering Services.
IT Solutions
Subjects
e-commerce solution would enable business to interact directly with their
customers on a one-to one basis, providing detailed knowledge about customer
needs and the means to apply that knowledge for competitive advantage.
1)
E-Commerce :- In the first Part of its
process to gave a complete E-solution, identifying the market and
E-categorizing is the key aim.
2)
Web
Desinging :-the
web as a communication medium opens up infinite possibilities. Step 2 of its
process integrates the technological marvels of the web in the best possible
way for E-solution.
Subject Defined Web Designing in 3 phases
Ø
Foundation
Ø
Implementation
Ø
Post-Development
3)
System
Architecture :-
The success of an E-strategy completely depends on the infrastructure
supporting it. In step 3 of its process subject provide consulations to set up
the infrastructure.
4)
Extended
Services :- 2
major concerns of an e-commerce site are traffic and security. Subject address
both of these in step 4 of its process.
Geospatilal Services
Outsourcing
to offshore partners is a growing trend in high-technology industries due to
the tremendous cost savings potential. Since 1995, it has worked extensively
with its clients to understand and eliminate the concerns typically associated
with offshore outsourcing.
Its
services include Photogrammetry and Remote Sensing.
Photogrammetry
Ø
Orthorectification
Ø
Aerial
Triangulation and Adjustment
Ø
Stereo-Compilation
Ø
DTM
Generation
Ø
Cross-Sections
and Linear-Section Generation.
Remote Sensing
Ø
Aerial
Photography/GPS Survey Control
Ø
Image
Processing
Ø
Satellite
Imaging
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.44.31 |
|
UK Pound |
1 |
Rs.86.96 |
|
Euro |
1 |
Rs.58.58 |
SCORE & RATING
EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
7 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
YES |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
48 |
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
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average/normal. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|
PRIVATE & CONFIDENTIAL : This information
is provided to you at your request, you having employed MIPL for such purpose.
You will use the information as aid only in determining the propriety of giving
credit and generally as an aid to your business and for no other purpose. You
will hold the information in strict confidence, and shall not reveal it or make
it known to the subject persons, firms or corporations or to any other. MIPL
does not warrant the correctness of the information as you hold it free of any
liability whatsoever. You will be liable to and indemnify MIPL for any loss,
damage or expense, occasioned by your breach or non observance of any one, or
more of these conditions