MIRA
INFORM REPORT
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Report Date : |
15.11.2007 |
IDENTIFICATION
DETAILS
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Name : |
MOBELITE SOLUTIONS PRIVATE LIMITED |
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Registered Office : |
# 578, Eagle Arcade, 36th Cross, 2nd Block, Opp.
Bridgestone TVS Showroom, Dr. Rajkumar Road, Rajajinagar, Bangalore – 560
010, Karnataka |
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Country : |
India |
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Date of Incorporation : |
15.11.2007 ( Shall be Incorporated ) |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Software Development and Consultancy |
RATING &
COMMENTS
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MIRA’s Rating : |
C |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not recommended |
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Status : |
New Company |
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Comments : |
Subject is a new company and yet to be registered with the Government Registry.
It proposes to develop and market softwares. No further details could be made
available The company can be considered for any business dealings on fully safe
and secured trade terms and conditions, only. |
LOCATIONS
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Registered Office : |
# 578, Eagle Arcade, 36th Cross, 2nd Block, Opp.
Bridgestone TVS Showroom, Dr. Rajkumar Road, Rajajinagar, Bangalore – 560
010, Karnataka |
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Tel. No.: |
91-80-65364931 / 23128482 |
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E-Mail : |
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Website : |
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Area : |
1650 sq. ft. |
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Location : |
Rented |
DIRECTORS
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Name : |
Mr. Satya Bhushan |
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Designation : |
Director |
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Date of Birth/Age : |
28 years |
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Qualification : |
B.C.A. |
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Experience : |
6 years |
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Name : |
Mr. Shridhar J. |
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Designation : |
Director |
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Date of Birth/Age : |
29 years |
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Qualification : |
B.Sc. |
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Experience : |
5 years |
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Name : |
Mr. Vijay Kumar |
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Designation : |
Director |
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Date of Birth/Age : |
29 years |
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Qualification : |
B.Com. |
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Experience : |
7 years |
KEY EXECUTIVES
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Name : |
Mr. Satya Bhushan |
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Designation : |
Chief Executive Officer |
BUSINESS DETAILS
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Line of Business : |
Software Development and Consultancy |
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Products : |
v Customized Software Development v PBX Call Billing & Budgeting Software v Hotels, Resorts, Lodges and Restaurant Management Systems v Inventory Management Software v Point of Sales (POS) Solutions v Computer Telephony Integration (CTI) Solutions v Hospital & Clinical Management Software. |
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Agencies Held : |
v Insta Buy
Computers ( Bangalore ) v Techmac Controls
( Bangalore ) v Siemens Telecom
Limited |
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Exports : |
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Products : |
Software ( Plan to ) |
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Countries : |
v Middle East v Asia – Pacific v USA v UK |
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Imports : |
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Products : |
Hardware Components ( Plan to ) |
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Countries : |
v Korea v China |
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Terms : |
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Selling : |
Cash or Credit – ( 15 Days ) |
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Purchasing : |
Cash or Credit – ( 45 Days ) |
GENERAL
INFORMATION
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Customers : |
v Wholesalers v Retailers v OEM’s v Airtel v Crompton Greaves
limited ( telecom Dn ) v Nandhini Group
of Hotels ( Bangalore ) v Shanti Sagar Group
of Hotels ( Bangalore ) |
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No. of Employees : |
27 |
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Bankers : |
v Deutsche Bank, M
G Road, Bangalore, India v ICICI Bank,
Rajaji Nagar Branch, Bangalore, India |
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Banking
Relations : |
- |
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Auditors : |
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Name : |
Hemlata and Company Chartered Accountants |
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Address : |
Bangalore |
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Mobile No.: |
91-9448212662 ( Mr. Manjunath ) |
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Associates/Subsidiaries : |
Elite Software Solutions Line of Business : Software Development and Consultancy |
CAPITAL STRUCTURE
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Capital Investment : |
N.A. |
FINANCIAL DATA
[all figures are in Rupees Millions]
New Company
LOCAL AGENCY
FURTHER INFORMATION
Website
Details Attached:
Empowered with a strong team of highly qualified engineers, they provide
esteemed software development/ IT solutions for your business establishment...
About Them:
The increasing cost of labour and burden of work pave the way for modernization. Every firm right from the small scale organizations and SMEs to the large scale enterprises are looking towards modernization for their efficient and smooth functioning. Based at Bangalore, the cyber city of India, Subject offers high quality customized software/ IT solutions for business entities. They are a reputed service provider with a pool of qualified engineers and software professionals to deliver the most effective solutions as per exact requirement of the client. Their company is providing solutions like PBX Call Billing & Budgeting Software; Hotels, Resorts, Lodges and Restaurant Management Systems; Inventory Management Software; Point of Sales (POS) Solutions, to name a few. They are professionally managed by a group of technocrats having in-depth expertise of the concerned discipline.
Though, they are not veteran as far as their experience is considered, yet their ability to deliver innovative solutions in tight deadlines provides them a leading edge over their competitors. The company promises to deliver tangible and real results, every time it works in partnership with its customers.
Services Offered:
v Subject is a noted software development concern offering premier services like:
v Customized Software Development
v PBX Call Billing & Budgeting Software
v Hotels, Resorts, Lodges and Restaurant Management Systems
v Inventory Management Software
v Point of Sales (POS) Solutions
v Computer Telephony Integration (CTI) Solutions
v Hospital & Clinical Management Software.
Team of Experts:
Their highly qualified and innovative manpower is their biggest asset. They are empowered with a team of software professionals who are fueled with higher degree of intelligence to design unmatched software programs for their business associates. The company organizes regular training sessions for its employees in order to upgrade their technical know-how as per changing technological environment.
Their Vision:
Their vision is to achieve global IT services leadership by providing incomparable IT solutions at affordable prices to their valued clients. They want to achieve this by perfectly blending their technological expertise, process focus and a commitment to everlasting business partnership with their clients.
R and D:
Research and development is an integral part of their
working system. They invest substantially in new technologies, processes, and
people in order to serve their business associates in a better manner.
Client Satisfaction:
Client satisfaction always finds paramount importance in
every business policy framed at Mobelite Solutions. They want to achieve the
highest standards in the arena of client satisfaction through a combination of
process excellence, quality frameworks and service delivery innovation.
Clients
Their quality is trusted by many eminent companies and government bodies including:
v Airtel
v Crompton Greaves
v Millipore India
v Bajaj Electricals
v KSPCB (Karnataka State Pollution Control Board), to name a few.
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 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. 39.33 |
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UK Pound |
1 |
Rs. 81.70 |
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Euro |
1 |
Rs. 57.67 |
SCORE & RATING
EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
1 |
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PAID-UP CAPITAL |
1~10 |
1 |
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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 |
1 |
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--LEVERAGE |
1~10 |
1 |
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--RESERVES |
1~10 |
- |
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--CREDIT LINES |
1~10 |
- |
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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 |
NO |
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TOTAL |
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4 |
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. |
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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