MIRA INFORM REPORT
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Report Date : |
11.05.2007 |
IDENTIFICATION DETAILS
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Name : |
ARROWPOINT TECHNOLOGIES PRIVATE LIMITED |
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Registered Office : |
R R Towers phase II, 1st Floor, Thiru Vi Ka Industrial Estate,
Guindy Chennai – 600 032, Tamilnadu |
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Country : |
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Financials (as on) : |
31.03.2006 |
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Date of Incorporation : |
29.05.2003 |
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Com. Reg. No.: |
050939 |
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CIN No.: [Company
Identification No.] |
U72200TN2003PTC050939 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
CHEA07757B |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
To carry on the business of Software Development, Software Solutions, System
Design and Implementations, Systems integration, networking Technologies, ERO
solutions, Electronic Commerce, Euro conversion projects, Multimedia
including graphics and animation, web designing and to provide to total
business solutions, including total internet business solutions and
implementation, customerised software development including assembling,
maintaining, altering, servicing, evaluating, leasing, licensing the software
developed and providing computer education and training. |
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 34000 |
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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 s experience
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 : |
R R Towers phase II, 1st Floor, Thiru Vi Ka Industrial
Estate, Guindy Chennai – 600 032, Tamilnadu |
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Tel. No.: |
91-44-22316338 |
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E-Mail : |
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Branches : |
475, |
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Tel. No.: |
609 924 6588 |
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No. 58, 3rd |
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Tel. No.: |
91-44-43542050 / 43542060 |
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E-mail : |
DIRECTORS
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Name : |
Mrs. Radhika Chandrasekhar |
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Designation : |
Director |
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Address : |
No. 37, Ashok Raghavendra, 9th Avenue, 48th
Street, Ashok Nagar, Chennai – 600 083, Tamilnadu, India |
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Date of Birth/Age : |
25.12.1967 |
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Date of Appointment : |
29.05.2003 |
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Name : |
Mr. K. A. Thangamani |
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Designation : |
Whole time Director |
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Address : |
No. 3, Venkatesapuram Colony, First |
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Date of Birth/Age : |
01.12.1936 |
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Date of Appointment : |
29.05.2003 |
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Name : |
Mr. N. Chintamani |
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Designation : |
Director |
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Address : |
24 – 26, Venkatapuram, Alwal, Secunderabad, |
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Date of Birth/Age : |
11.06.1944 |
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Date of Appointment : |
29.05.2003 |
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Name : |
Mr. C R Chandrasekhar |
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Designation : |
Director |
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Address : |
No. 37, Ashok Raghavendra, 9th Avenue, 48th
Street, Ashok Nagar, Chennai – 600 083, India |
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Date of Birth/Age : |
16.05.1965 |
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Date of Appointment : |
01.01.2005 |
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Name : |
Mr. Sathish Muthukrishnan |
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Designation : |
Director |
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Date of Appointment : |
01.01.2005 |
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Name : |
Mr. Nirmal B. Kedia |
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Designation : |
Director |
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Address : |
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Date of Appointment : |
29.01.2006 |
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Name : |
Mr. Saurabh Agarwal |
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Designation : |
Director |
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Address : |
111 / 2, Has Mahal, |
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Date of Appointment : |
29.01.2006 |
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Name : |
Mr. Santanu Nandy |
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Designation : |
Director |
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Address : |
401, Glen Classic, |
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Date of Appointment : |
29.01.2006 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
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Names of Shareholders |
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No. of Shares |
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Mrs. Radhika Chandrasekhar |
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5500 |
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Mr. C R Chandrasekhar |
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3490 |
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Mr. Sathish Muthukrishnan |
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1000 |
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Mr. R Muthukrishnan |
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10 |
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Total |
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10000 |
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Particulars |
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Percentage of
Holding |
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Directors / Relatives of Directors |
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100.00 |
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Total |
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100.00 |
BUSINESS DETAILS
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Line of Business : |
To carry on the business of Software Development, Software Solutions,
System Design and Implementations, Systems integration, networking
Technologies, ERO solutions, Electronic Commerce, Euro conversion projects, Multimedia
including graphics and animation, web designing and to provide to total
business solutions, including total internet business solutions and
implementation, customerised software development including assembling,
maintaining, altering, servicing, evaluating, leasing, licensing the software
developed and providing computer education and training. |
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Products : |
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GENERAL INFORMATION
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Customers : |
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No. of Employees : |
30 |
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Bankers : |
Not Available |
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Banking
Relations : |
Satisfactory |
CAPITAL STRUCTURE
Authorized Capital:
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No. of Shares |
Type |
Value |
Amount |
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10,000 |
Equity Shares |
Rs. 10.00 each |
Rs. 0.100 million |
Issued, Subscribed & Paid-up Capital:
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No. of Shares |
Type |
Value |
Amount |
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10,000 |
Equity Shares |
Rs. 10.00 each |
Rs. 0.100 million |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
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31.03.2006 |
31.03.2005 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
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0.100 |
0.100 |
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2] Share Application Money |
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0.000 |
0.000 |
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3] Reserves & Surplus |
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8.589 |
4.351 |
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4] (Accumulated Losses) |
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0.000 |
0.000 |
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NETWORTH |
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8.689 |
4.451 |
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LOAN FUNDS |
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1] Secured Loans |
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0.000 |
0.000 |
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2] Unsecured Loans |
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9.016 |
1.016 |
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TOTAL BORROWING |
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9.016 |
1.016 |
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DEFERRED TAX LIABILITIES |
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0.000 |
0.000 |
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TOTAL |
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17.705 |
5.467 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
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3.917 |
0.582 |
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Capital work-in-progress |
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INVESTMENT |
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0.022 |
0.000 |
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DEFERREX TAX ASSETS |
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0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
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0.000 |
0.000 |
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Sundry Debtors |
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6.476 |
2.337 |
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Cash & Bank Balances |
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5.057 |
2.487 |
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Other Current Assets |
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0.000 |
0.000 |
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Loans & Advances |
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3.887 |
0.740 |
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Total
Current Assets |
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15.420 |
5.564 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Current Liabilities |
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1.520 |
0.521 |
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Provisions |
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0.134 |
0.158 |
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Total
Current Liabilities |
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1.654 |
0.679 |
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Net Current Assets |
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13.766 |
4.885 |
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MISCELLANEOUS EXPENSES |
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0.000 |
0.000 |
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TOTAL |
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17.705 |
5.467 |
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KEY RATIOS
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PARTICULARS |
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31.03.2006 |
31.03.2005 |
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Debt Equity Ratio (Total Liability/Networth) |
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1.23 |
0.38 |
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Current Ratio (Current Asset/Current Liability) |
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9.32 |
8.19 |
LOCAL AGENCY FURTHER INFORMATION
Website details Attached:
Subject provides complete business solutions to improve operational
efficiencies and deliver measurable business returns for clients. Concern’s teams of professionals are high
qualified personnel with state of the art technology acumen and varied domain expertise. The different services offered by the Subject
are:
n Application
outsourcing
n ERP Implementation
– Oracle and People soft
n Providing offshore
development incubator facility
n
Subject has offices in Chennai (
Their approach focuses on mew ways of business, combining IT innovations
and adoption, while also leveraging organizations current IT assets.
Creating Custom solutions and improving their own efficiencies has
enabled them to grow from a small company to a across
Their success mantra is that they are very responsive and have effective
communication channels and a great approach.
Clients all over the globe have benefited from us.
Their contributions to their customers make them stay ahead with
innovative uses of technology to operate their business more efficiently.
They are easy to do business with, and they improve their performance by
promoting a continuous process improvement Practice to exceed their customer’s
expectations. They are not only grounded
in today’s technologies, they also have deep expertise in yesterdays and tomorrows
technologies.
The vision, thought leadership, management team, powerful workforce,
quality and process culture, technology proficiency and management offices,
makes them unique from other Organizations.
They are derived by virtues to deliver the bottom-line benefits with
their strategic visions.
Subject has developed EnterpriseStrategyWare Balanced Scorecard – a management tool for achieving a balance between financial and non-financial performance of a business.
Talking about the new product, based on Harvard Business School concept, C R
Chandrasekhar, director (Technology) of the Chennai-based Concern, said that
there is awareness about the need for developing Balanced Scorecard metrics
among the members of the senior management in India.
However the knowledge is still lagging, as to how the tool would help them in
their daily business.
Balanced Scorecard bridges the gap between lead and lag
indicators, long-term strategies and day-to-day action, and tangible and
intangible measures. It aligns key performance indicators by the perspectives
of the organization namely financials, customers, internal processes and
learning and growth,” he said.
Chandrasekhar said that the product widely uses the principles of the Balanced
Scorecard – business process perspective, customer perspective, financial
perspective and innovation and learning perspective – are a perfect fit for any
type of business.
Termed as EnterpriseStrategyWare (ESWare), the software tool enables companies
to track their strategy execution by monitoring specific strategic objectives
and measures.
"This facilitates development and deployment of an action-oriented
framework for managing the company's strategic execution,” he said further.
Stating that ESWare is vendor neutral and sits on top of the
ERP/ Date Warehouse/ Data mart of the company or an in-house application,
Chandrasekhar said: “It can accept inputs in any form, including ERP, Data
Warehouses, Data Marts, database application, web services, MS Excel uploads or
even manual inputs, thus having a wider appeal to Indian enterprises that
present a wide variety of IT enablement.”
ESWare facilitates simple and effective scorecard building with drag and
drop interface. It provides efficient consolidation and drill down features,
cascading through your entire organizational structure,” he said adding that
the tool -- if successfully implemented -- would bring in new levels of
operating efficiencies and financial performance
to all of the industries.
The cause and effect diagrams called “Strategy Maps”, helps to narrow down the
source of problems. ESWare also enables the company to analyze the key
performance indicators of your business, and their impact on the objectives
such as Sales, Gross Margin, Customer satisfaction and Human Capital
Development.
The other key merit of the tool is “Scenario Analysis” – a Decision Making
Support System based on Simulations, and -“What if analysis” which helps the
decision makers to make informed decisions by allowing them to create different
scenarios. Simulation is used to help in creating values for measure
connectors, which helps in analyzing the scenarios.
Rediff.com
Harvard style
software from Chennai Company
A Chennai-based software development company Subject has developed
EnterpriseStrategyWare, a balanced scorecard product, which is a Harvard
business school concept that provides complete business solutions to improve
operational efficiencies and deliver measurable business returns for clients.
ESW enables organizations to revolutionize their vision and strategy, Subject
release said. The founder of the world famous 'balanced score card', Dr Robert
S. Kaplan was in Delhi this week to address a seminar.
ESW enables companies to
track their strategies by monitoring objectives, key performance indicators and
metrics.
This facilitates in
development and deployment of an action-oriented framework for transforming
strategy into action, over a period of time, empirically.
The tool helps organizations
across industry segments to align departmental goals to corporate strategies
and to take timely corrective actions.
ESW's dashboard gives a
one-shot picture of the health of the company under the four perspectives,
namely financial, customer, internal business process and employee/ learning,
the release said.
ESW facilitates generation
of cause and effect diagrams on the fly called 'Strategy Maps'. Strategy Map
helps to narrow down the source of problems - by following the trail of the
KPIs.
Sify
Arrowpoint goes
the Harvard way
New Delhi: A Chennai-based
software development company Subject has developed EnterpriseStrategyWare
(ESW), a balanced scorecard product, which is a Harvard business school concept
that provides complete business solutions to improve operational efficiencies
and deliver measurable business returns for clients.
ESW enables organizations
to revolutionize their vision & strategy, Concern release said. Founder of
the World famous "balanced score card" Dr Robert S. Kaplan was in
Delhi this week to address a seminar.
ESW enables companies to
track their strategies by monitoring objectives, key performance indicators
(KPI) and metrics. This facilitates in development and deployment of an
action-oriented framework for transforming strategy into action, over a period
of time, empirically.
The tool helps
organizations across industry segments to align departmental goals to corporate
strategies and to take timely corrective actions.
ESW's Dashboard gives
one-shot picture of the health of the company under the four perspectives,
namely Financial, Customer, Internal Business process and Employee/ Learning,
the release said.
ESW facilitates generation
of cause and effect diagrams on the fly called "Strategy Maps".
Strategy Map helps to narrow down the source of problems - by following the
trail of the KPIs.
Business Line
Chennai firm
develops software based on Harvard concept
NEW DELHI: Chennai-based
software development company subject has developed EnterpriseStrategyWare
(ESW), a balanced scorecard product, which is a Harvard Business School concept
that provides complete business solutions to imp rove operational efficiencies
and deliver measurable business returns for clients.
ESW enables organizations
to revolutionize their vision and strategy, subject release said.
The founder of the world
famous 'balanced score card', Dr Robert S. Kaplan was in Delhi earlier this
week to address a seminar.
ESW enables companies to
track their strategies, by monitoring objectives, key performance indicators
(KPI) and metrics.
These factors in turn
facilitate the development and deployment of an action-oriented framework for
transforming strategy into action, over a period of time, empirically.
The tool helps organisations
across industry segments to align departmental goals to corporate strategies
and to take timely corrective actions.
ESW's Dashboard gives a
one-shot picture of the health of the company under the four perspectives,
namely financial, customer, internal business process and employee/ learning,
the release said.
ESW facilitates generation of cause and effect diagrams on the fly
called 'Strategy Maps'. Strategy Map helps to narrow down the source of
problems, by following the trail of the KPIs. - PTI
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 does 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. 41.34 |
|
|
1 |
Rs. 81.81 |
|
Euro |
1 |
Rs. 55.74 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
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DEMERIT POINTS |
|
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|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
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--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
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
|
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 |
|