MIRA
INFORM REPORT
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Report Date : |
06.08.2008 |
IDENTIFICATION
DETAILS
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Name : |
QUATRRO LEGAL SOLUTIONS PRIVATE LIMITED |
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Registered Office : |
A-16/9, Vasant Vihar, New Delhi-110057 |
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Country : |
India |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
04.01.2007 |
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Com. Reg. No.: |
55-157411 |
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CIN No.: [Company
Identification No.] |
U74120DL2007PTC157411 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
DELQ00444D |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Provides and Undertakes Outsourcing of legal databases. It acts as BPO
and KPO |
RATING &
COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
USD 55 |
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Status : |
New Company |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Management of the company denied business and financial details. Subject has not yet commenced business. No payments records or banking relations are known. The company can be considered for small to mediocre business dealings
on fully safe and secured trade terms and conditions. |
LOCATIONS
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Registered Office : |
A-16/9, Vasant Vihar, New Delhi-110057, India |
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Tel No.: |
91-124-4561000 |
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Fax no: |
91-124-4008070 |
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E-Mail : |
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Website: |
DIRECTORS
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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 : |
05.10.1957 |
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Date of Appointment : |
04.01.2007 |
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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 : |
04.01.2007 |
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Name : |
Mr. Lalit Bhasin |
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Designation : |
Director |
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Address : |
10, Hailey Road, 10th Floor, Dakshineshwar Building, New
Delhi-110001, India |
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Date of Birth/Age : |
19.01.1939 |
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Date of Appointment : |
02.02.2007 |
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Name : |
Mr. Srinivas Rao Pingali |
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Designation : |
Additional Director |
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Address : |
#101, Olympus I Acropolis, 20, Hosur Road, Bangalore-560029,
Karnataka, India |
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Date of Birth/Age : |
16.06.1968 |
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Date of Appointment : |
07.01.2008 |
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Name : |
Mr. Sunil Om Narayan Rawal |
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Designation : |
Additional Director |
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Address : |
336, Mandakini Enc. Dda Sfs Flats, Alaknanda Kalkaji, New
Delhi-110019, India |
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Date of Birth/Age : |
09.04.1960 |
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Date of Appointment : |
07.01.2008 |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
AS ON 31.03.2007
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Names of Shareholders |
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No. of Shares |
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Quatrro BPO Solutions Private Limited |
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99999 |
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Mr. Raman Roy |
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01 |
Equity Share Break Up as on 29.09.2007
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Particulars |
Percentage |
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Bodies Corporate |
100.000 |
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Total: |
100.000 |
BUSINESS DETAILS
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Line of Business : |
Provides and Undertakes Outsourcing of legal databases. It acts as BPO
and KPO |
GENERAL
INFORMATION
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Bankers : |
NA |
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Banking
Relations : |
Unknown |
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Auditors : |
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Name : |
BSR and Company (Chartered Accountant) |
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Address : |
4B, DLF Corporate Park, DLF City, Phase III, Gurgaon-122002, Haryana,
India |
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Holding/Parent Company: |
Quatrro BPO Solutions Private Limited |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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15000000 |
Equity Shares |
Rs.10/- each |
Rs.150.000 millions |
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 |
FINANCIAL DATA
[all figures are in Rupees Millions]
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
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31.03.2007 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
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0.100 |
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2] Share Application Money |
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0.000 |
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3] Reserves & Surplus |
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0.000 |
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4] (Accumulated Losses) |
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(0.089) |
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NETWORTH |
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0.011 |
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LOAN FUNDS |
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1] Secured Loans |
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0.000 |
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2] Unsecured Loans |
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0.000 |
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TOTAL BORROWING |
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0.000 |
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DEFERRED TAX LIABILITIES |
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0.000 |
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TOTAL |
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0.011 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
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0.000 |
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Capital work-in-progress |
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0.000 |
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INVESTMENT |
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0.000 |
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DEFERREX TAX ASSETS |
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0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
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0.000 |
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Sundry Debtors |
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0.000 |
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Cash & Bank Balances |
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0.100 |
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Other Current Assets |
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0.000 |
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Loans & Advances |
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0.000 |
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Total
Current Assets |
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0.100 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Current Liabilities |
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0.089 |
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Provisions |
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0.000 |
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Total
Current Liabilities |
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0.089 |
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Net Current Assets |
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0.011 |
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MISCELLANEOUS EXPENSES |
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0.000 |
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TOTAL |
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0.011 |
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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 |
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0.000 |
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Other Income |
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0.000 |
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Total Income |
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0.000 |
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Profit/(Loss) Before Tax |
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(0.089) |
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Provision for Taxation |
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0.000 |
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Profit/(Loss) After Tax |
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(0.089) |
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Expenditures : |
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Other Expenditure |
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0.089 |
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Total Expenditure |
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0.089 |
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KEY RATIOS
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PARTICULARS |
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31.03.2007 |
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PAT / Total Income |
(%) |
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0.00 |
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Net Profit Margin (PBT/Sales) |
(%) |
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0.00 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
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(89.00) |
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Return on Investment (ROI) (PBT/Networth) |
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(8.09) |
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Debt Equity Ratio (Total Liability/Networth) |
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8.09 |
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Current Ratio (Current Asset/Current Liability) |
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1.12 |
LOCAL AGENCY
FURTHER INFORMATION
Website Details
attached:
About Quatrro BPO
Solutions Private Limited:
Founded
in 2006.The company operates
as a business process outsourcing company. The company offers mortgage
services, such as origination, closing and funding, processing, post closing,
underwriting, and servicing; legal and technical solutions; and consumer
analytics services, including market research related support, data analysis,
data management, and programming support; and risk management services. It also
provides knowledge services, such as business research, building scientific and
technical databases, abstraction and indexing services, and patent engineering
services; specialized front office and back office services in the
transportation and logistics, travel and leisure.
Key Executives:
Founder
Chief Executive Officer and President
Chief Executive Officer of Finance &
Accounting
Chief Executive Officer of Quantro Risk
Management
Chief Executive Officer of Annik
Technology Services
Key Developments:
To buy US Company:
10/2/2007
The company
is in talks to purchase a game development company in the United States and has
set aside close to $225 million for the buy over the next 12 months. Most of
these acquisitions will occur in the areas like gaming, risk management and
data analytics. “The company has committed $300 million for acquisitions in
uncontested market areas. More than 70% of this is already available and the
proposed acquisition of the gaming solutions company will be significant both
in terms of value and strategic intent," sources said. Chairman Raman Roy
declined to comment that they are looking at international acquisitions in the
right areas; he said that they are looking at moving prevailing business
process outsourcing (BPO) areas such as technical support and banking to the
next level of efficiency and value. They will pioneer new areas such as legal,
risk management, data analytics and gaming. The strategy is premised on a
combination of incubation and acquisitions
Cyberdefender Corporation Partners with
Company to Provide advanced and Reliable Tech Support Services to its
Customers:
09/17/2007
CyberDefender
Corporation announced that it has partnered with the company .This partnership
will enable CyberDefender to ensure the highest level of software support for
customers experiencing any technical issues with their security software.
CyberDefender customers can now connect to world-class technical support
services, called Qresolve, 24 hours a day, 7 days a week. Qresolve delivers
quality and timely resolutions for a customer's tech problems, no matter where
the customer is, no matter what time it is and no matter what make of PC or
product the consumer has. As a result of the partnership, CyberDefender will
offer the following interactive support services to its customers; All-in-One
Complete PC Tech Support. This service offers one full year of tech support via
both Phone and Remote Support for PCs, Peripherals & Gadgets. This option
will help resolve all PC related problems and errors and allow getting back to
business, fast; Anti-Malware PC Protection. This service offers unlimited
Anti-Malware support for PC for one full year via Phone, Email and Remote
Access. This includes complete support to eradicate & protect the PC the
from threats like Viruses, Adware, Spyware and other Malware, that may already
infect your PC.
Company’s Plans to set up BPO in Bengal
06/18/2007
The company announced that it is planning to revive his
connection with Bengal. The company has plans to have the Bengal centre focus
on core engineering solutions since the state has a large pool of engineers.
Legal outsourcing services could also be considered as a focus area for the
facility
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
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Indian Rupees |
|
US Dollar |
1 |
Rs.42.28 |
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UK Pound |
1 |
Rs.82.79 |
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Euro |
1 |
Rs.65.69 |
SCORE & RATING
EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
2 |
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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 |
4 |
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--LEVERAGE |
1~10 |
4 |
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--RESERVES |
1~10 |
4 |
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--CREDIT LINES |
1~10 |
4 |
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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 |
YES |
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TOTAL |
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19 |
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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