MIRA
INFORM REPORT
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Report Date : |
24.10.2007 |
IDENTIFICATION DETAILS
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Name : |
DATASSURED
COMMUNICATIONS, INC. |
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Registered Office : |
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Country : |
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Date of Incorporation : |
12/10/2004 |
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Legal Form : |
Corporation -
Private |
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Line of Business : |
Provides IT and
Business Process Outsourcing services (BPO). |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
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Status : |
Small Company |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
IDENTIFICATION
& EXECUTIVE SUMMARY
Company Name: DATASSURED
COMMUNICATIONS, INC.
Address:
City:
State/Province:
Zip Code: 95008
Country: UNITED
STATES
Telephone: 408
879-2335
Facsimile: 408
351-4387
In KUSD As of:
31/12/2006
Sales /
Revenue: 2,570
Net Income:
Total Equity:
Number of Employees:
1
Legal Form: Corporation
- Private
Website: www.datassured.com
Rating Opinion: up
to $10,000
Business Activity: The Subject provides IT and Business
Process Outsourcing services (BPO).
NOTE TO CLIENT
Update 10/23/07
Mr. Walter reponded
to our request via email. The following information has been updated:
activities, employees, branch information, bank, trade references, and
financials.
With the new
information we believe that USD $10,000 remains a reasonable recommendation of
credit.
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Contact Person: Mr.
David Walter, President
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Amount
Requested: 15,000,000
The amounts
requested and advised are expressed in:
USD
LEGAL
Legal Form: Corporation -
Private
Since (D/M/Y): 12/10/2004
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
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:
City:
State: NV
Zip Code: 89120-3481
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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
Wells
Telephone: 408-354-6512
Facsimile:
Account Number:
773181xxx
Account Manager: Ms.
Connie Wulf
The bank requires a
full account number and signed authorization to release information.
PAYMENT HISTORY
No payment records
were found under the Subject’s name in either
FINANCIAL
INFORMATION
FINANCIAL FIGURES
Year-End (D/M/Y): 30/09/2007 31/12/2006 31/12/2005
Quarterly Consolidated Consolidated
Sales / Revenues 3,800 2,570 575
Management reported
the following financial details:
2007 3rd Qtr Gross
Sales - USD $3.8 million
2006 Annual Gross
Sales - USD $2.57 million
2005 Annual Gross
Sales - USD $575 thousand
CURRENT OPERATIONS
NAICS Code: 54151
Computer Systems Design and Related Services
Number of
Employees: 1
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.
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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.
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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.
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Clients include
small to medium-sized US-based companies. The above-noted address is the sole
physical headquarters location for the Subject. It is a leased office space,
approximately 300 square feet in size.
TRADE REFERENCES
TRADE REFERENCES
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Samsung
Contact: S.
Yenigalla - 408-544-5106
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Contact: Randall
Olsen - 614-442-7348
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Trade References
have been contacted, however, Samsung was unable to provide a credit reference
citing company policy, and it was learned that while
PUBLIC RECORD
No tax liens,
judgments or bankruptcy filings were found under the Subject's name.
GENERAL COMMENTS
Datassured
Communications, Inc. was 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
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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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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%)