MIRA
INFORM REPORT
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Report Date : |
17.04.2008 |
IDENTIFICATION
DETAILS
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Name : |
SCOPE E-KNOWLEDGE CENTRE PRIVATE LIMITED |
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Registered Office : |
“Temple Tower” 2nd Floor, # 672 Anna Salai, Chennai –
600035, Tamilnadu |
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Country : |
India |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
23.01.1986 |
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Com. Reg. No.: |
18-12592 |
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CIN No.: [Company
Identification No.] |
U74999TN1986PTC012592 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
CHES20287B |
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PAN No.: [Permanent
Account No.] |
AABCS0286N |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Provider of integrated
knowledge services and solutions to the scientific and
business communities. |
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 300000 |
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Status : |
Good |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject is a well established company having satisfactory track
records. Trade relations are fair. Financial position is satisfactory. The
company maintains steady business. It’s payments are usually correct and as per commitments. The company can be considered good for normal business dealings at
usual trade terms and conditions. Nothing adverse reported. |
LOCATIONS
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Registered Office : |
“Temple Tower” 2nd Floor, # 672 Anna Salai, Chennai –
600035, Tamilnadu, India |
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Tel. No.: |
91-44-24314201-03 |
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Fax No.: |
91-44-24314206 |
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E-Mail : |
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Website : |
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Area : |
Large - Owned |
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Overseas Offices : |
Located at :
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DIRECTORS
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Name : |
Mr. Raghava Sivadas |
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Designation : |
Managing Director |
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Address : |
K 303 The Atrium 49 Kalakshetra Road, Thiruvanmiyur, Chennai – 600041,
Tamilnadu, India |
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Date of Birth/Age : |
13.11.1961 |
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Date of Appointment : |
07.01.1987 |
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Name : |
Mr. Chandu Nair |
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Designation : |
Whole Time Director |
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Address : |
No. 4, 4th Cross Road, 8 Terliing Road, Nungambakkam,
Chennai – 600034, Tamilnadu, India |
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Date of Birth/Age : |
19.01.1962 |
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Date of Appointment : |
07.01.1987 |
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Name : |
Ms. Vijaylakshmi Rao |
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Designation : |
Director |
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Address : |
2 A Kenees Sundar, 21 Raghanath Road, T Nagar, Chennai – 600017,
Tamilnadu, India |
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Date of Birth/Age : |
14.08.1960 |
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Date of Appointment : |
20.06.2002 |
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Name : |
Mr. Raman Roy |
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Designation : |
Director |
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Address : |
B-74, II Floor Sarvodaya Enclave, New Delhi – 110017, India |
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Date of Birth/Age : |
09.10.1957 |
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Date of Appointment : |
25.05.2007 |
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Name : |
Mr. Vasudevan Balakrishnan |
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Designation : |
Director |
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Address : |
L 21, 6th Main, Sector 10, LIC Colony, Jeevan Bhima Nagar,
Bangalore – 560075, Karnataka, India |
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Date of Birth/Age : |
28.08.1959 |
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Date of Appointment : |
25.05.2007 |
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Name : |
Mr. Raj Dutta |
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Designation : |
Director |
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Address : |
L-1/18, II Floor, Hauz Khas Enclave, New Delhi – 110016, India |
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Date of Birth/Age : |
16.10.1961 |
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Date of Appointment : |
25.05.2007 |
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Name : |
Mr. Pingali Rao Srinivas |
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Designation : |
Director |
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Address : |
E 91 Westend Heights, DLF V, Gurgaon – 122001, Haryana, India |
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Date of Birth/Age : |
16.06.1968 |
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Date of Appointment : |
25.05.2007 |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
AS ON 20.07.2005
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Names of Shareholders |
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No. of Shares |
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Equity Shares |
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R Sivadas |
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86280 |
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Chandu Nair |
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86280 |
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Vijalakshmi Rao |
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30000 |
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Class A Equity
Shares |
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Scope e-Knowledge Centre Holdings Limited, Mauritius |
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8374 |
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8 %
Non-cumulative Preference Shares |
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Scope e-Knowledge Centre Holdings Limited, Mauritius |
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4417496 |
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Total |
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4628430 |
AS ON 30.09.2006
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Equity Share
Breakup |
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Percentage of
Holding |
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Category |
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Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
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44.76 |
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Directors or relatives of directors |
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54.14 |
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Others |
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1.10 |
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Total
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100.00 |
BUSINESS DETAILS
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Line of Business : |
Provider of
integrated knowledge services and solutions to the scientific
and business communities. |
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Exports : |
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Countries : |
U.S., U. K., Europe and Australia
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GENERAL
INFORMATION
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No. of Employees : |
Around 30 |
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Bankers : |
Not Available |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
R. Subramanian and Company Chartered Accountants |
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Address : |
28 C Krishnaswamy Avenue, Luz, Chennai – 600004, Tamilnadu, India |
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Memberships : |
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CAPITAL STRUCTURE
AS ON 30.09.2006
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
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12000000 |
Equity Shares |
Rs. 10/- each |
Rs. 120.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
378640 |
Equity Shares |
Rs. 10/- each |
Rs. 3.786
Millions |
FINANCIAL DATA
[all figures are in Rupees Millions]
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
31.03.2007 |
31.03.2006 |
31.03.2005 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
3.786 |
3.741 |
46.284 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
71.834 |
97.260 |
9.738 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
75.620 |
101.001 |
56.022 |
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LOAN FUNDS |
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1] Secured Loans |
1.236 |
2.480 |
0.725 |
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2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
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TOTAL BORROWING |
1.236 |
2.480 |
0.725 |
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DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.371 |
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TOTAL |
76.856 |
103.481 |
57.118 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
20.165 |
28.235 |
16.952 |
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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INVESTMENT |
12.685 |
0.000 |
0.000 |
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DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
0.000
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0.000 |
0.000 |
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Sundry Debtors |
30.437
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21.619 |
37.646 |
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Cash & Bank Balances |
48.290
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49.781 |
16.818 |
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Other Current Assets |
0.000
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0.000 |
0.000 |
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Loans & Advances |
9.837
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9.882 |
6.306 |
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Total
Current Assets |
88.564
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81.282 |
60.770 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Current Liabilities |
14.511
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3.161 |
19.079 |
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Provisions |
30.047
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2.875 |
1.525 |
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Total
Current Liabilities |
44.558
|
6.036 |
20.604 |
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Net Current Assets |
44.006 |
75.246 |
40.166 |
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MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
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TOTAL |
76.856 |
103.481 |
57.118 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
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31.03.2007 |
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Sales Turnover [Estimated] |
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60.000 |
KEY RATIOS
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PARTICULARS |
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31.03.2007 |
31.03.2006 |
31.03.2005 |
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Debt Equity Ratio (Total Liability/Networth) |
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0.61
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0.08 |
0.38 |
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Current Ratio (Current Asset/Current Liability) |
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1.99
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13.47 |
2.95 |
LOCAL AGENCY
FURTHER INFORMATION
AS PER WEBSITE
PROFILE
- Managed by
professionals with management degrees from Indian Institute of Management,
Ahmedabad (IIM-A) one of the top 5 Business Schools in the World
- Over 19 years
in business with roots in business & industry research, databases,
content and analysis
- Venture
Funded; Cash Flow positive, financially stable
- Offices In
India and abroad
MANAGEMENT TEAM
Mr. R. Sivadas, Director & CEO
A co-founder of Scope, Sivadas is a Postgraduate in Management from Indian
Institute of Management, Ahmedabad. With over 22 years of post-qualification
experience, he is in charge of Business Development for UK & Europe and
oversees the Finance, Corporate and Legal functions in Scope. He has
coordinated and executed research & consulting assignments for
multinational, public and private sector organizations across verticals. He was
previously CEO of e-Chem.com Limited (a Sify group company), and earlier with
UB Group, India's largest liquor group, and Escorts.
Mr. Chandu Nair, Director & President
A co-founder of Scope, Chandu is a Postgraduate in Management from Indian
Institute of Management, Ahmedabad. Member of the IT & BPO panel of
the Confederation of Indian Industry. He has over 22 years of experience in
industry consultancy, business information and media. Currently, in charge of
business development for North America and oversees the Quality and Systems
functions in Scope, Chandu has consulted with corporates, e-business, content
and information intermediaries, banks and financial institutions as also
not-for-profit organizations. He was previously correspondent for Business
World magazine, India's largest circulated business magazine, and Area Manager
for Asian Paints (I) Limited, India's largest paint company.
Mr. Vijayalakshmi Rao, Director & COO
A postgraduate in Management from Indian Institute of Management, Ahmedabad,
Vijayalakshmi (Viji) has almost 23 years of experience in Knowledge Management
and consulting. She is in charge of all project execution and oversees the
Human Resource Function in Scope. She has consulted with several leading public
and private organizations in the engineering, health care, supply chain &
logistics and IT domains. She has worked in the Marketing & Corporate
Planning functions for TI cycles of India, part of Murugappa Group,
S.B.Billimoria & Co. (now Ernst & Young India) and was formerly
Executive Assistant to Chairman and part of the core turnover
strategy team at Steel Authority of India Limited, India's largest and one
of the world's leading steel companies.
OVERVIEW
Subject is an award winning provider of integrated knowledge
services and solutions to the scientific and business community across the world.
Scope is leveraging its expertise and close to two decades of experience to
offer niche services in business and industry research, databases, content and
analysis and intellectual property (IP) research. With over 400 professionals,
mostly Engineers, MBAs & CPA equivalent, patent engineers, doctors and
business editors, they are creating a new kind of e-knowledge organization that
is based on the emerging paradigm of linking knowledge and human resources
around the world without regard to geographical distances. Scope's value added
services are executed from a remote location, thereby enabling substantial
savings.
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.39.96 |
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UK Pound |
1 |
Rs.78.66 |
|
Euro |
1 |
Rs.63.31 |
SCORE & RATING
EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
6 |
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PAID-UP CAPITAL |
1~10 |
6 |
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OPERATING SCALE |
1~10 |
6 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
6 |
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--PROFITABILIRY |
1~10 |
6 |
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--LIQUIDITY |
1~10 |
6 |
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--LEVERAGE |
1~10 |
6 |
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--RESERVES |
1~10 |
6 |
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--CREDIT LINES |
1~10 |
6 |
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--MARGINS |
-5~5 |
- |
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DEMERIT POINTS |
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--BANK CHARGES |
YES/NO |
YES |
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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 |
YES |
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TOTAL |
|
54 |
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. |
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 |
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