MIRA
INFORM REPORT
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Report Date : |
02.08.2008 |
IDENTIFICATION
DETAILS
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Name : |
HOL INFOSOLUTIONS PRIVATE LIMITED |
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Registered Office : |
1038, Aakar Bhavan, Shukrawar Peth, Hirabaug, Gharuk Tilak Road,
Pune-411002, Maharashtra |
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Country : |
India |
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Date of Incorporation : |
21.11.2005 |
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Com. Reg. No.: |
021567 |
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CIN No.: [Company
Identification No.] |
U72900PN2005PTC021567 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Subject is Engaged in I.T infrastructure |
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 : |
Moderate |
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Payment Behaviour : |
Slow |
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Litigation : |
Clear |
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Comments : |
Subject is about 3 years old company but has not filed any financials
with the government departments till date. The management parted general
information but declined to part with financials. Trade relations are fair.
Payments are reported as slow but correct. The company can be considered for small to mediocre business dealings
with slight caution initially in view of non- availability of financials. |
INFORMATION PARTED
BY (General Details)
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Name : |
Mr. Ashwin Pandit |
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Designation : |
Director |
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Contact No.: |
91-9890998558 |
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Date : |
01.08.2008 |
LOCATIONS
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Registered Office : |
1038, Aakar Bhavan, Shukrawar Peth, Hirabaug, Gharuk Tilak Road,
Pune-411002, Maharashtra, India |
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Tel. No.: |
91-20-243680 |
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Mobile No.: |
91-9890998558 |
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E-Mail : |
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Website : |
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Area : |
4000 Sq ft |
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Location : |
Leased |
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Branches: |
26-A-B, Rajdhani Complex, Pune Satara Road, Opposite Deccan Honda
Showroom, Before Petrol Pump Dhankawadi,Pune-411043,Maharashtra, India |
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Tel No. |
91-20-24368071/72/73/74 |
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Fax No.: |
91-20-24368071/72/73/74/24367743 |
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E-Mail : |
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Branches Located at: |
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DIRECTORS
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Name : |
Mr. Ashwin Pandit |
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Designation : |
Director |
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Address : |
1038, Shukrawar Peth, tilak Road, Pune, Maharashtra, India |
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Name : |
Mr. Ashutosh Pandit |
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Designation : |
Director |
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Address : |
1038, Shukrawar Peth, tilak Road, Pune, Maharashtra, India |
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Name : |
Mr. Nilesh Doiphode |
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Designation : |
Director |
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Address : |
1038, Shukrawar Peth, tilak Road, Pune, Maharashtra, India |
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Name : |
Mr. Dheeraj Doiphode |
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Designation : |
Director |
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Address : |
1038, Shukrawar Peth, tilak Road, Pune, Maharashtra, India |
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Name : |
Mr. Taskeen Khan |
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Designation : |
Director |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
As on 10.11.2005
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Names of Shareholders |
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No. of Shares |
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Mr. Ashutosh C. Pandit |
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2500 |
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Mr. Ashwin Pandit |
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2500 |
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Mr. Nilesh Madhukar Doiphode |
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2500 |
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Mr. Dhiraj Doiphode |
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2500 |
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Total: |
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10000 |
BUSINESS DETAILS
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Line of Business : |
Subject is Engaged in IT Infrastructure |
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Products : |
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GENERAL
INFORMATION
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No. of Employees : |
50 (In Office) |
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Bankers : |
Axis Bank, Vanawi Branch |
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Auditors : |
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Name : |
Mr. Natin Chauhan (Chartered Accountant) |
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Associates/Subsidiaries : |
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CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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10000 |
Equity Shares |
Rs.10/- each |
Rs. 0.100 million |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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10000 |
Equity Shares |
Rs.10/- each |
Rs. 0.100 million |
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FINANCIAL DATA
[all figures are in Rupees Millions]
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Particulars |
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31.03.2008 |
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Sales Turnover (Estimated) |
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100.000 to
110.000 |
Expected Sales (2008-09): Rs.180.000 millions
LOCAL AGENCY
FURTHER INFORMATION
Trade References:
- Tal
Manufacturing , Pune, Maharashtra, India
- Minda
Industies, Pune, Maharashtra, India
About Subject:
Founded in 2005, subject
is a project oriented consulting and Integration Company that focuses
exclusively on IT infrastructure solutions. They conceptualize, implement and
support IT infrastructure to help us to make quick and effective decisions that
improve business information use. Keeping in mind the market demand, they have
come up with Software Division that will match the increasing customer base.
If the underlying IT
Infrastructure of an organization is:
- Not flexible enough to scale up the business
- Not effective enough in the face of fierce competition
- Not robust enough to face external and internal security threats
It’s time to call the
TechDriver.
The TechDriver conceptualizes
implements and supports IT infrastructure to help us to make quick and
effective decisions that improve business information use. By targeting the
intersection of business and technology, the TechDriver’s proven strategies,
methodologies and solutions oriented sessions will address the critical
challenges of strategy, security and scalability.
Mr. Taskeen Khan, CTO, leads
more than 30 highly qualified young IT professionals that make the core of
Team. Mr. Khan is a veteran in the world of IT Infrastructure having more than 15
years of experience, half of that being in the USA. In the last 5 years,
subject, in fact, pioneered the concept of retailing the wireless technology
and gadgets in India through “House of Laptops”.
- FIRST Metro Mesh Wi Fi Implementation in India
- 10 Plus Turnkey IT Infrastructure Projects
- 100 Plus Wi Fi Hotspots
- Managing multiple IT Infrastructure environments on and off sites
- Always on time execution’ of the projects
- Single Point of Contact for managing cost & risk of IT infrastructure
- Highly professional team of managers and consultants
- Optimized solution every time to achieve customer satisfaction
- Address the complete technology lifecycle, including assessment,
design, validation, planning, implementation, management, procurement and
financing
- Solutions based on open source standards
- Internationally acclaimed names as principals: 3com, Cisco,
Linksys, Tropos, Motorola, Dlink, HP, IBM, SMC, Sun Microsystems,
Microsoft, and HCL
- House of Laptops, the biggest hardware brand in Pune, as a sister
concern
Industry-segments
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Networking
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Software’s
Solution:
·
Networking Solution
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Facility Management
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Disaster Management
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Wireless Solutions
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Implementation Of ERP
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Business Continuity
·
Securities
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.42.37 |
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UK Pound |
1 |
Rs.84.01 |
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Euro |
1 |
Rs.65.96 |
SCORE & RATING
EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
3 |
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PAID-UP CAPITAL |
1~10 |
3 |
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OPERATING SCALE |
1~10 |
3 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
4 |
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--PROFITABILIRY |
1~10 |
2 |
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--LIQUIDITY |
1~10 |
4 |
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--LEVERAGE |
1~10 |
4 |
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--RESERVES |
1~10 |
3 |
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--CREDIT LINES |
1~10 |
3 |
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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 |
YES |
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--LISTED |
YES/NO |
NO |
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--OTHER MERIT FACTORS |
YES/NO |
YES |
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TOTAL |
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29 |
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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