MIRA INFORM REPORT

 

 

Report Date :

04.10.2007

 

IDENTIFICATION DETAILS

 

Name :

DATASSURED COMMUNICATIONS, INC.

 

 

Registered Office :

1999 S Bascom Ave Ste 700, Campbell, California - 95008                       

 

 

Country :

United States               

 

 

Date of Incorporation :

13/10/2004

 

 

Legal Form :

Corporation - Private

 

 

Line of Business :

Provides IT and Business Process Outsourcing services (BPO).

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Small Company

 

 

Payment Behaviour :

Unknown

 

 

Litigation :

Clear

 

 


IDENTIFICATION & EXECUTIVE SUMMARY

 

Company Name:            DATASSURED COMMUNICATIONS, INC.

Address:                       1999 S BASCOM AVE STE 700

City:                             CAMPBELL

State/Province:              CALIFORNIA                           

Zip Code:                      95008                       

Country:                                    UNITED STATES               

Telephone:                    408 879-2335                

Facsimile:                     408 351-4387

As of:

Sales / Revenue:

Net Income:

Total Equity:

Legal Form:                   Corporation - Private

Website:                       www.datassured.com

Business Activity:          The Subject provides IT and Business Process Outsourcing services (BPO).

 

 

NOTE TO CLIENT

 

Contact Person: Mr. David Walter, President

 

Mr. Walter was contacted via telephone, and a detailed message was left for him to return our call. We also contacted the Subject via email. Mr. Walter did send us an email of acknowledgement, but declined to provide additional details on the Company at this time. If he responds with further details, the report will be amended and the credit recommendation will be revisited.

-

No response has been received as of this time. As such, the information in this report has not been confirmed with Management.

----------------------------------------------------------------------

Rating:  Credit can be reasonably accepted up to $10,000.

 

Amount Requested:      15,000,000  

 

The amounts requested and advised are expressed in:   USD

 

 

LEGAL

 

Legal Form:                               Corporation - Private

Since (D/M/Y):                           13/10/2004

State/Province of Incorporation:   NV

Status:                                                  ACTIVE

Previous Legal Form:

 

Company is NOT required to publish an annual financial report.

 

The Company is registered in the state of Nevada:

 

Business Entity Information: DATASSURED COMMUNICATIONS, INC.

Status:   Active

File Date:   10/12/2004

Domestic Corporation Corp Number:   C27638-2004

Qualifying State:  NV

NV List of Officers Due:   10/31/2007

Resident Agent Information

Name: INCORP SERVICES, INC.

Address: 3155 EAST PATRICK LANE STE 1

City: LAS VEGAS

State: NV

Zip Code: 89120-3481

--------

The Company is not qualified in CA.

 

 

Managers/Key Personnel

 

Mr. David Walter                       President

 

 

AFFILIATED ENTITIES

 

As far as could be determined, there are no known affiliates or subsidiaries.

 

 

BANKS

 

Telephone:

Facsimile:

Account Number:

Account Manager:

 

The name of the primary bank could not be obtained at this time.

 

 

PAYMENT HISTORY

 

No payment were found under the Subject’s name in either California or Nevada.

 

 

FINANCIAL INFORMATION

 

Management was unavailable, and outside sources were unable, to provide insight into the financial condition of the Company.

 

 

CURRENT OPERATIONS

 

NAICS Code:   54151     Computer Systems Design and Related Services

 

Business Activity:

The Subject provides IT and Business Process Outsourcing services (BPO).  The Firm is a provider of outsourced IT and BPO services.  With providers located across the globe, the Company has a network of specialized service centers.

-

The Subject's target market includes specific areas of focus like Identity Based Computing services for the Financial/Banking, Healthcare, Insurance, Retail, and Engineering sectors.

-

The Company offers programming services in Windows, UNIX / Linux, .NET, J2EE environment and PHP. In addition, the Firm uses Oracle, MS SQL, Informix, DB2, MySQL and Postgres for building applications.

 

The above-noted address is believed to be the sole physical headquarters location for the Subject.

 

 

PUBLIC RECORD

 

No tax liens, judgments or bankruptcy filings were found under the Subject's name.

 

 

GENERAL COMMENTS

 

Datassured communications, inc. incorporated in 2004, engaged as a provider of IT and Business Process Outsourcing services. No Payment history was found for the Company. At this time, Legal records indicate no negative litigation taken against the Subject.

 

 

 


 

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.

 

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

 

 

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%)

 

 

 

 

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