MIRA
INFORM REPORT
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Report Date : |
06.08.2008 |
IDENTIFICATION
DETAILS
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Name : |
PANGEA3 LEGAL DATABASE SYSTEM PRIVATE LIMITED |
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Registered Office : |
514, Maker Chambers V, 221 Nariman Point, Mumbai - 400021,
Maharashtra. |
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Country : |
India |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
30.03.2006 |
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Com. Reg. No.: |
160867 |
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CIN No.: [Company
Identification No.] |
U72200MH2006PTC160867 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
MUMP21866F |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Provides and undertakes outsourcing of legal databases. Its acts as BPO and KPO |
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 137565 |
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Status : |
Good |
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Payment Behaviour : |
Correct |
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Litigation : |
Clear |
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Comments : |
PANGEA3 is a multinational legal database BPO / KPO. It is one of the
largest in it’s field. Trade relations are fair. Payments are correct and as
per commitments. The company can be considered good for any normal business dealings at
usual trade terms and conditions. The company can be regarded as a promising business partner in a
medium to long run. |
LOCATIONS
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Registered Office : |
514, Maker Chambers V, 221 Nariman Point, Mumbai - 400021,
Maharashtra, India |
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Tel. No.: |
91-22-3092-2206 |
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E-Mail : |
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Office 1 : |
Cambata Building, 3rd Floor, Churchgate, Mumbai – 400020,
India |
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Tel. No.: |
91-22-3092-2206 |
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Office 2 : |
102 – B, Ground Floor, Leela Business Park, Andheri – Kurla Road,
Andheri (East), Mumbai – 400059, India |
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Tel. No.: |
91-22-3092-2206 |
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Office 4 : |
18 East 41 Street, 18th Floor, New York – 10017, USA |
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Tel. No.: |
+1-212-689-3819 |
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Fax No.: |
+1-212-820-9784 |
DIRECTORS
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Name : |
Mr. Larry Graev |
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Designation : |
Chairman and Director |
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Name : |
Mr. Sunil Wadhwani |
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Designation : |
Director |
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Name : |
Sumir Chadha |
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Designation : |
Director |
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Name : |
Mr. Sanjay Kamlani |
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Designation : |
Co-CEO and Director |
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Name : |
Mr. David Perla |
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Designation : |
Co-CEO and Director |
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Name : |
Mr. Mohan Muralidhar Ayyangar |
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Designation : |
Director |
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Address : |
101, Kamala Avenue, Holy Cross Road, I C Colony, Borivali (West),
Mumbai – 400103, Maharashtra, India |
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Date of Birth/Age : |
01.09.1973 |
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Date of Appointment : |
30.03.2006 |
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Name : |
Mr. Ravi Padmanabhai |
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Designation : |
Director |
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Address : |
305, Waldorf, Hiranandani Estate, Ghodbunder Road, Patlipada, Thane
(West), Thane – 400610, Maharashtra, India |
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Date of Birth/Age : |
07.08.1970 |
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Date of Appointment : |
14.08.2006 |
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MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
AS ON 29.09.2007
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Names of Shareholders |
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No. of Shares |
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Mr. Sanjay Kamlani |
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999998 |
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Mr. Ravi Padmanabhai |
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1 |
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Mr. Mohan Muralidhar Ayyangar |
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1 |
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AS ON 29.09.2007
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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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99.99 |
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Directors or relatives of directors |
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0.01 |
BUSINESS DETAILS
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Line of Business : |
Provide and undertake customers of legal database it Act |
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Products : |
NA |
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Agencies Held : |
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GENERAL INFORMATION
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No. of Employees : |
150 (Estimated) |
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Bankers : |
Citi Bank, Fort Branch |
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Auditors : |
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Name : |
Mr. Suresh Surana and Associates Chartered Accountant |
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Address : |
602 – 3, 6th Floor, Regent Chambers, 208, Nariman Point,
Mumbai – 400021, Maharashtra, India. |
CAPITAL STRUCTURE
AS ON 29.09.2007
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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2000000 |
Equity Shares |
Rs. 10/- Each |
Rs.20.000
Millions |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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1672577 |
Equity Shares |
Rs. 10/- Each |
Rs.16.725 Millions |
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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16.726 |
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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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10.787 |
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4] (Accumulated Losses) |
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0.000 |
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NETWORTH |
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27.513 |
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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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27.513 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
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16.679 |
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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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0.097 |
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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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14.253 |
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Cash & Bank Balances |
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4.567 |
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Other Current Assets |
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0.018 |
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Loans & Advances |
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7.123 |
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Total
Current Assets |
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25.961 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Current Liabilities |
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14.247 |
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Provisions |
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0.977 |
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Total
Current Liabilities |
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15.224 |
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Net Current Assets |
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10.737 |
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MISCELLANEOUS EXPENSES |
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0.000 |
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TOTAL |
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27.513 |
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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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94.034 |
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Other Income |
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0.000 |
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Total Income |
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94.034 |
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Profit/(Loss) Before Tax |
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11.213 |
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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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11.213 |
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Total Expenditure |
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82.821 |
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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11.92 |
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Net Profit Margin (PBT/Sales) |
(%) |
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11.92 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
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26.23 |
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Return on Investment (ROI) (PBT/Networth) |
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40.75 |
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Debt Equity Ratio (Total Liability/Networth) |
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55.33 |
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Current Ratio (Current Asset/Current Liability) |
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1.70 |
LOCAL AGENCY
FURTHER INFORMATION
Press Release
Pangea3 Ranked #1
Full Service Legal Process Outsourcing (LPO) Provider Worldwide
Brown-Wilson
Group's prestigious 2007 legal process outsourcing vendor survey recognizes
Pangea3's client satisfaction and management excellence.
NEW YORK, Aug. 6 /PRNewswire/ -- Pangea3
LLC, the global leader in legal process outsourcing to corporate in-house
counsel and U.S. law firms, announced today that it was ranked the foremost
legal process outsourcing provider worldwide in the renowned "Black Book
of Outsourcing." Pangea3 received the top honors over a pool of 102 legal
process outsourcing providers nominated for consideration.
"We are pleased to recognize Pangea3 as
the top-ranked legal process outsourcing vendor worldwide," said Douglas
Brown, Managing Partner, Brown- Wilson Group and co-author of The Black Book of
Outsourcing. "Pangea3 is the number one vendor in this survey because it
consistently delivers value to its clients. This ranking is a testament to
Pangea3's combination of client commitment, operational excellence and industry
leadership."
The prestigious annual independent survey of
vendors and advisors, compiled by the Brown-Wilson Group, is the only survey of
the outsourcing industry that measures unbiased client satisfaction. The 2007
survey incorporated information from more than 22,000 global clients,
outsourcing purchasers, decision makers, contractors and employees. It measured
the LPO provider's customer satisfaction and management leadership in
categories such as C-level commitment, operational excellence, leadership
impact and human capital development.
"We are honored to be voted the best
legal process outsourcing provider worldwide. This prestigious achievement
underscores Pangea3's commitment to providing superior quality legal support
services to law firm attorneys and corporate in-house counsel. In the last year
we have increased value to our clients by increasing the number of senior U.S. attorneys
in Mumbai to oversee operations, by developing and adding to our delivery
leadership team and by increasing our capabilities with new state-of-the-art
facilities in Mumbai and hiring additional top lawyers, scientists and legal
professionals," said David Perla, Co-CEO of Pangea3. "I would like to
thank Pangea3's managers for their leadership and direction and our dedicated
employees who consistently provide world-class service and superior quality
work to our clients, helping them increase efficiency while maintaining
confidentiality and data security."
Included in the categories where Pangea3
ranked highly are client relationships, trust, support and customer care,
reliability and vendor overall preference.
The top ten legal process outsourcing vendors
for 2007 appear in the following table:
Legal Process Outsourcing (LPO) Vendors
- Pangea3
- Integreon
- Quislex
- Law-Scribe
- Mindcrest
- Law Wave
- AtlasLegal
- Ius Juris
- Lexadigm
- NeoWorth LPO
Lata Setty Promoted to Senior Vice
President, Intellectual Property and Patent Litigation
Pangea3 is pleased to announce the promotion
of Lata Setty to Senior Vice President of Intellectual Property and Patent
Litigation. She will oversee client care and business development in Pangea3's
intellectual property and patent litigation division. Setty recently held the
position of Vice President of Intellectual Property and Patent Litigation. She
continues to report to David Perla, Co-CEO.
"Lata has been instrumental in building
Pangea3, and in the strategic development of the intellectual property and
patent litigation division," said Perla. "Throughout her tenure at
Pangea3, she has exhibited strong leadership skills, keen operational insight
and a talent for business development. Under her guidance, the intellectual property
and patent litigation division has developed a loyal client base and a dynamic
leadership and delivery team."
Setty joined Pangea3 in 2004 as part of the
founding team. Prior to joining Pangea3, she brought more than ten years of
experience in patent law across a wide spectrum of intellectual property
services, from enforcing patents through patent litigation to maximizing
revenue generated by monetizing patent assets.
Pangea3's robust intellectual property and
patent litigation team is comprised of full-time Mumbai and Delhi-based
lawyers, scientists and engineers with deep domain expertise who provide patent
drafting, patent litigation, patent analytics, IPAM and competitive
intelligence services.
"I am thrilled to assume this new position
at a critical time in Pangea3's growth and look forward to leveraging my
technical, legal and leadership skills, to take Pangea3 to the next
level," said Setty. "I am honored to work with a highly talented team
of patent professionals, engineers and scientists, drawing upon their
confluence of technical and patent expertise to produce excellent work product
to our Fortune 500 corporate clients and AmLaw 100 law firm client base. In my
new role, I will continue to work with our patent division in both protecting
and maximizing the value of cutting-edge technologies for Pangea3's clients --
to provide innovative and cost savings solutions executed flawlessly."
Before joining Pangea3, Setty served as a
patent litigator at Fish & Neave, LLP, Kaye Scholer, LLP, and Robins
Kaplan, Miller & Ciresi, LLP. She was also in-house counsel at The View
Group, a venture capital fund. She is licensed to practice in the state of
Minnesota.
Shelly Dalrymple Appointed Vice President
Legal Services (India)
Pangea3 also announced today that Shelly
Dalrymple has been named Vice President -- Legal Services (India). She will
report to Sanjay Kamlani, Co- CEO, and will be resident in Pangea3's Mumbai
offices. Dalrymple will work with Marilyn Primiano and Antony Alex, both serving
as Vice Presidents of Legal Services (India), in Mumbai to manage Pangea3's
litigation, document review and e-discovery services.
"We're pleased to add Shelly to our
robust management team in Mumbai. She is an exceptionally strong litigator with
excellent qualifications," said Dan Savitt, Vice President Litigation and
Legal Research. "Shelly brings extensive document review and e-discovery
experience to this critical position in Mumbai, in addition to comprehensive
trial preparation skills. We are confident that our attorney's in Mumbai will
gain a tremendous amount of experience working and training under Shelly. We
are excited to welcome Shelly."
A successful litigator, Dalrymple brings
over 15 years of trial and trial preparation experience to this position. Prior
to joining Pangea3, she was a partner at Eldridge, Cooper, Steichen &
Leach, PLCC, a boutique trial law firm located in Tulsa, Oklahoma, specializing
in national products liability and employment law defense. Her practice often
involved managing all phases of multi-state class action and other complex
litigation, including tasks such as document review, legal research and court
appearances.
Prior to joining Eldridge, Cooper, Steichen
& Leach, PLCC, she was a litigation partner at Doerner, Saunders, Daniel
& Anderson, LLP, where she developed her practice in complex and
multi-state commercial, antitrust and employment litigation.
Dalrymple received her B.A. from Dickinson
College and her J.D. from the George Washington University Law School. She is
licensed to practice in Oklahoma and regularly practiced before the Northern,
Eastern and West Districts of Oklahoma and the Tenth Circuit Court of Appeals.
"I am extremely excited about the
opportunity to join Pangea3's Mumbai team," said Dalrymple. "I look
forward to the many opportunities associated with this challenging position and
to exposing our lawyers even further to American legal practices and
expectations. Legal process outsourcing is revolutionizing the legal industry
and Pangea3 is at the forefront, reducing costs and driving value to in-house
counsel and law firms."
About Pangea LLC
Pangea3 is the recognized global leader in legal process outsourcing
(LPO), providing outsourced legal, patent and IP technical support services to
U.S. corporations and law firms. The company combines top talent -- lawyers,
engineers and technologists in the U.S. and India -- with a secure global
technology infrastructure in order to provide low-cost, high-quality legal
support services to a global client base. Pangea3 is headquartered in New York
City and Mumbai, India.
About the Black Book of Outsourcing
The Black Book of Outsourcing (Wiley Publishers) is an international
business book and outsourcing resource manual written by co-authors Doug Brown
and Scott Wilson of the Brown-Wilson Group. The survey solicits information
from more than 100,000 global outsourcing users, decision makers, analysts,
employees and customers to compile the industry's only independent and unbiased
ranking of outsourcing provider organizational performance. These rankings are
esteemed by outsourcing clients, prospects, and corporate procurement officers.
Web Details Attached
Their Name
Subject was the single super-continent that existed
before the continental drift that separated the world's seven continents. The
second Subject occurred when mass transportation re-connected people from the
separated continents, enabling global commerce. In the third Subject (Subject), the internet and global
telecommunications systems have electronically reconnected the continents and
their inhabitants, making continental and national borders irrelevant-creating
once again, a single super-continent. Today, a professional in India lives with
her family in a local suburb, commutes to her office in Mumbai and enters the
global workplace, interacting and communicating directly and seamlessly with a
professional in New York City via private fiber optic cable lines, a global IP
infrastructure and other technology systems, working seamlessly as if the two
individuals were in the same office. In Subject,
the world has re-connected to create a single, workplace and marketplace for legal outsourcing and global legal
solutions. This is what makes Subject one of the top legal outsourcing companies in
the world.
Operation Overview
Subject has developed and implemented a novel and innovative operations model
to legal outsourcing. It has made them a leading KPO and BPO.
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Balanced team of U.S., U.K. and India based lawyers and professionals
o
Ensures U.S./U.K. style and professionalism throughout corporate culture
o
Guarantees efficient and secure delivery of top quality service and work
product
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Enables secure 24 x 7 x 365 top notch secure service and redundancy
o
Global legal solutions including patent
analytics, patent drafting, contract
management, intellectual
property asset management, corporate secretarial, compliance, legal
research, competitive intelligence, electronic discovery,
and document review services
·
Novel management approach, utilizing:
o
U.S. corporate management and career advancement processes and systems
o
Law-firm modeled quality control and professional standards
·
Proven cross-border infrastructure and technology model - guarantees
seamless integration among company personnel and clients around the globe
Board of Director Profile
Larry Graev (Chairman and Director)
Larry currently serves as Chairman, President and Chief Executive
Officer of The GlenRock Group, LLC, a private equity firm he founded in 2000 to
invest in special situation private equity investment opportunities and to
provide financial and strategic advisory services to a select group of clients.
From June 2001 until January 2006, Larry served as Of Counsel to King &
Spalding, LLP, a global law firm with approximately 800 lawyers across offices
in Atlanta, London, New York, Washington, D.C. and Houston, representing a
significant portion of Fortune 500 companies. From 1973 until June 2001, he was
a partner of O'Sullivan Graev & Karabell, LLP, a national law firm
specializing in venture capital, private equity, strategic M&A and
corporate finance. He led the firm's growth from five attorneys to
approximately 130 attorneys, becoming one of the leading law firm's in these
practice areas. He also served as Managing Partner Chairman of the firm from
1977 to 1999. Larry started his legal career as an Associate at Cravath, Swaine
& Moore, a national law firm representing a significant portion of Fortune
500 companies. Larry currently sits on the Board of Directors of St. Paul
Travelers Companies, Inc. (NYSE) and he has previously sat on the Board of
Directors of Blyth Industries, Inc. (NYSE), CoastAmerica Corporation (NYSE),
Lotus Development Corporation (NASDAQ), WG Global, Inc. (Private) and Ab Initio
Software Corporation (Private). He is a member of the Cornell University
Council and Cornell University Private Equity Advisory Committee. Larry is
listed in The Best Lawyers in America, Chambers THEMA-America's Leading Lawyers
and Strathmore's Who's Who. He received a B.S. degree from Cornell University
and his JD degree from the George Washington University National Law Center.
Sunil Wadhwani (Director)
Sunil Wadhwani is the CEO, Vice-Chairman and Co-Founder of iGATE
Corporation. Through his vision and leadership iGATE Corporation, listed on
Nasdaq, is a zero debt company with revenues of $293 million in 2002. He was
instrumental in iGATE being listed four times in Inc. magazine's ranking of the
fastest-growing companies in the THEM. He has led the launch of 15 new IT
services btheminesses, all developed around strategies that served emerging
technology market.
Sumir Chadha (Director)
Sumir Chadha is a Managing Director with Sequoia Capital India. Sequoia
Capital India has been formed with WestBridge Capital Partners which Sumir
co-founded in 2000. Prior to founding West Bridge, Sumir was a member of the
Principal Investment Area at Goldman Sachs & Co., where he led a number of
successful software and services investments. Prior to that, Sumir worked at
McKinsey & Co. in New York and New Delhi. Sumir is the co-founder and
Chairman of the THEM-India Venture Capital Association (THEM-IVCA). Sumir
received an MBA with Distinction from Harvard Btheminess School and a BSE in
Computer Science from Princeton University.
Sanjay Kamlani (Co-CEO and Director)
David Perla (Co-CEO and Director)
Management
Profile
Sanjay Kamlani
Sanjay Kamlani is a co-founder and Co-CEO of Subject, the leader in
India legal outsourcing.
In this capacity, Sanjay oversees Subject's India legal outsourcing btheminess operations and
manages all delivery, quality control and administrative services for Subject
on a global basis. Prior to forming Subject, Sanjay was the CFO & General
Counsel of OfficeTiger B.V., a multi-national professional support services
outsourcing company. In 2003, Sanjay lived in Chennai, India managing
OfficeTiger's India facility. Prior to becoming a member of the founding
management team at OfficeTiger in 2000, Sanjay was a Senior Manager with
PricewaterhothemeCoopers in New York where he developed and managed the THEM
firm's India International Btheminess Network advising THEM and India-based
multinationals on structuring and implementing cross-border btheminess
investments, acquisitions and operations in India and the U.S. His major
clients included AT&T, Ford Motor Company, Hughes Electronics, Lucent,
Cognizant, NASDAQ-Software Solutions International, Softbank and Syntel.
Sanjay's experience at OfficeTiger coupled with his experience at PwC working
with that firm's 2,000 plthem professionals to deliver cross border btheminess
solutions and advisory services to U.S. clients amounts to more than 10 years
of experience in professional services outsourcing from India, this is one of
the factors that makes Subject a leader in India legal
outsourcing. Sanjay holds a BA, Cum Laude, Duke University; a
JD from the University of Pennsylvania Law School where he served as an
Associate Editor of the Law Review; and an LLM, New York University Law School.
Sanjay is a Member of the New York and New Jersey Bars.
David Perla
David Perla is a co-founder and Co-CEO of Subject, a world leader in India legal outsourcing. In this
capacity, David oversees Subject's U.S. btheminess operations and manages all
sales, marketing, and client relationship for Subject on a global basis. A
btheminess affairs executive and a corporate transactional and operational
expert, as well as a seasoned corporate lawyer, David was until July 2004 the
Vice President - Btheminess & Legal Affairs for Monster, the leading global
online careers property, with over 1,000 employees and over $500 million in
annual revenue. At Monster, David oversaw all corporate transactions, including
mergers and acquisitions, strategic alliances, partnerships and investments. David
also built and managed Monster's btheminess affairs/legal department. As head
of btheminess and legal affairs at Monster, David oversaw Monster's facilities
department, served as a member of Monster's senior management team, reporting
to the COO of Monster Worldwide, Inc., and oversaw a $6+ million P & L.
Prior to joining Monster Worldwide, David had a 4-1/2 year career at Katten
Muchin Zavis & Rosenman, a prestigiothem national law firm. At KMZR, David
specialized in mergers & acquisitions, corporate financing and media and
internet-related corporate and international transactions, including
financings, joint ventures, strategic alliances and partnerships. His major
clients included Sony Mthemic, Sony Pictures, Sony Online Ventures and SFX
Entertainment. David graduated cum laude from the University of Pennsylvania
and later earned his law degree from the University of Pennsylvania, where he
was the winner of the school's Keedy Cup Moot Court Competition. David lectures
and is quoted frequently on legal and internet related issues, and was profiled
in a July 2002 cover story in the National Law Journal entitled "Riding
the Wave." David is a Member of the New York and Massachthemetts Bars.
Mohan Ayyangar
Mohan Ayyangar,
CTO (India): Mohan joined Subject from Solix Technologies, a Silicon Valley
based company focthemed on enterprise software applications and services with
an emphasis Oracle Technologies. Mohan's expertise includes: project and
operations management; telecommunications and IT enabled services
infrastructures; implementation of complex CRM solutions; solutions architect
for IP networks, databases, groupware, knowledge management platforms, web
application hosting and development environments. Mohan's varied roles at Solix
have given him experience in btheminess case analysis, pre-sales, btheminess
development, and general client relationship management. Mohan's technical
competencies include:
·
Suites/Tools: Oracle 11i eBtheminess suite CRM modules, Sema
BSCS 6.0 and Targys;
·
Groupware: MS Exchange Server and Lotthem Notes, Microsoft Share Point Portal
Server and Share Point Team services;
·
Application/Web Servers: Apache Tomcat, IIS, Oracle applications server;
·
Operating Environments: Windows and UNIX (Solaris);
·
Networks: Windows or UNIX based heterogeneothem TCP/IP networks;
·
IDEs: Oracle forms/reports;
·
Terminal Servers: Citrix, Microsoft Terminal Services.
·
Mohan holds a Bachelor of Science degree in Physics, Bombay University.
Lonnie Sapp
Lonnie Sapp joins Subject's Mumbai offices as Chief Operating Officer.
He brings with him over 16 years of experience in managing outsourcing
operations in both captive and non-captive centers and his subject matter
expertise has proven to be his biggest strength and his valuable contribution. While
leading global operations is Lonnie's passion, it is his talent for
capitalizing on opportunities and identifying internal control flaws that has
elevated his management profile. An analytical and strategic mindset
underscores management decision making, ensuring visionary leadership is
supported with pragmatic btheminess understanding.
Lonnie is the former Chief Operating Officer of OfficeTiger, an RR Donnelley
company. He joined OfficeTiger as Vice President - Operations responsible for
offshore service delivery and worked his way up the ranks to become one of the
strongest driving forces in the organization.
Lonnie was a vital part of the team which spearheaded OfficeTiger's
foray into Electronic Content services and was instrumental in conceptualizing,
implementing and streamlining ideas and processes to reflect the highest
quality standards derived from western management principles and to bring in
greater efficiency and increased productivity in the organization.
Lonnie began his professional career with the United States Coast Guard
foctheming on Maritime Law Enforcement, Telecommunications and Search &
Rescue. In addition, Lonnie played semi-professional American football.
Lonnie holds a bachelor's degree in Computer Science and Management & Btheminess
Administration certifications from Trinity College and the University of
Connecticut respectively. He is an articulate speaker and has given many guest
lectures in prominent institutions.
S. Lata Setty
S. Lata Setty, a patent attorney and scientist, brings more than twelve
years of experience in intellectual
property law and management to her role as Senior Vice President of
Intellectual Property and Patent Litigation at Subject. Lata has provided a
wide range of IP services, from enforcing infringed patents to transforming
intellectual capital into innovation assets by maximizing their economic value
and generating strategically innovative approaches to btheminess growth,
serving at Fish & Neave, LLP, Kaye Scholer, LLP and Robins Kaplan, Miller
& Ciresi, LLP. Prior to joining Subject, Lata served as the former General
Counsel of Patent Café, a patent-focthemed Internet start-up that developed the
first concept-based patent search engine including a 6-Sigma quality database
of over 21 million international patents and at The View Group, a Venture
Capital fund foctheming on India-oriented companies and technologies. Lata
received her law degree from the University of Iowa, where she was an editor of
the Law Review and the recipient of a full-tuition merit scholarship. She holds
an M.Sc. from the Medical College of Georgia, where she also had a full-tuition
scholarship, and a B.Sc. with honors from the University of Georgia. She is a
member of the Bars of Minnesota, the American Bar Association and American
Intellectual Property Law Association.
Daniel C. Savitt
Dan Savitt serves as Subject’s Vice President - Litigation Services.
After joining Subject in 2005, Dan established and grew the Litigation
department into one of Subject's largest and most successful operating units.
He regularly consults with Subject's clients and advises them on how to
integrate Subject's services into their litigation strategies to achieve the
best value for their litigation and compliance budgets. Before joining Subject,
Dan was a litigator with Arent Fox and Thelen Reid & Priest in New York,
where he specialized in complex commercial litigations, including managing
large-scale discovery efforts and devising e-discovery strategies. Dan obtained
his honors degree from The Pennsylvania State University and his law degree
from Cornell Law School, where he worked actively with the Cornell Death
Penalty Clinic. Dan is a member of the New York Bar and the Southern and Eastern
Districts of New York.
Kevin Colangelo
Kevin Colangelo serves as Vice President, Corporate Legal Services and
Contract Management and General Counsel at Subject. Kevin has more than
thirteen years of experience in the outsourcing indthemtry. Prior to joining
Subject, he practiced corporate law at Shaw Pittman and Kramer Levin Naftalis
& Frankel in New York City, where he specialized in outsourcing and
technology transactions, including IT and btheminess process outsourcing
agreements; application development, implementation and distribution
agreements; software licensing and maintenance agreements; e-commerce and other
Internet-related agreements; and technology acquisition and consulting
agreements. He has substantial experience representing both outsourcing
consumers and service providers, with clients that include Pfizer, Lehman
Brothers, Universal Mthemic Group, MetLife, TD Bank Financial Group and
OppenheimerFunds. Kevin has been recognized in the outsourcing indthemtry as a
thought-leader and expert negotiator who takes a btheminess-first approach to
dealmaking. He regularly lectures and writes on legal and btheminess issues
related to the outsourcing indthemtry.
Kevin received his J.D. degree from Vermont Law School (cum laude) in
1994 and his B.A. from Hamilton College in 1989. Kevin is a member of the bars
of New York and New Jersey, and is admitted to practice in the United States
Court of International Trade and in the United States District Court for the
Southern District of New York.
Jonathan Goldstein
Jonathan Goldstein joined Subject after a career as an entrepreneur and
attorney, bringing to Subject more than 15 years of experience working with
attorneys and other knowledge professionals. Mr. Goldstein was the founder and
President of Urban Technology Group, Inc., a technology services company
focthemed on improving collaboration in the learned professions. According to
the Philadelphia Btheminess Journal, Urban Technology Group, Inc. was the
fastest growing services company in Philadelphia from 2000-2002. In 2002, Mr.
Goldstein won the Philadelphia Btheminess Journal's 40 Under 40 award as one of
the most influential Philadelphians under the age of 40. From 2002 to 2004, Mr.
Goldstein also served as an Adjunct Professor in Temple University's Fox School
of Btheminess teaching entrepreneurship and computer science to both
undergraduates and M.B.A. candidates. Mr. Goldstein received his undergraduate
degree from the University of Pennsylvania in 1993. He returned to the
University of Pennsylvania for law school, earning his J.D. in 2005 after
serving on Penn Law's Intellectual Property Moot Court team and serving as a
member of the Benjamin Franklin Inn of Court. Mr. Goldstein is admitted to
practice law in Pennsylvania, New Jersey and the Eastern District of
Pennsylvania. Prior to joining Subject, he practiced law with Blank Rome LLP in
Philadelphia.
Greg McPolin
Greg McPolin is a Vice President of Legal Services at Subject's New York
City office. He is responsible for managing Subject's relationships with many
of its largest clients. In his role he consults with corporate legal
departments and law firms on meeting their objectives through outsourcing legal
services in a cost effective way. Prior to working with Subject, he was the
northeast director at LexisNexis Applied Discovery where he provided best
practices on efficient and cost effective approaches to electronic discovery to
law firms and corporations. His clients included many of the most prestigiothem
law firms and fortune 500 corporations in New York and Washington D.C. Prior to
joining Applied Discovery, Mr. McPolin practiced in the Washington, D.C. office
of Howrey, where his work focthemed on antitrthemt pre-merger review and
antitrthemt litigation. While at Howrey he managed many large scale document
reviews and productions.
Mr. McPolin is a member of the American Bar Association, the New York
State Bar Association and the Hispanic National Bar Association. He received a
J.D. and a Master of Studies in Environmental Law, cum laude, from the Vermont
Law School.
Antony Alex
Antony is the Vice President of Legal Services at Subject. Prior to
joining, Antony was a Partner at Kochhar & Co. He is a general corporate
and commercial lawyer with a focthem on banking and financing transactions.
Antony has considerable expertise in restructuring, bankruptcy and insolvency
matters as well as in sale and purchase of stressed assets. He has worked on
financing transactions ranging from plain vanilla lending to structured finance
and securitization. Financing and security documentation pertaining to
corporate financing is his forte. He also has experience in advising private
equity/venture capital funds in their investments in India. He has handled
project finance transactions in the power sector that are based on conventional
and non-conventional sources of energy. Further, he has extensive general
corporate law experience that includes M&A, foreign investment,
incorporation of companies, drafting and negotiating agreements including joint
ventures, technology transfers, etc. He has also served as a legal counsel for
a life insurance company.
Antony speaks regularly at international conferences and recently
presented a paper on "Payment systems in e-commerce - India" at an
international conference in Seattle. He is an active member of the Finance
& Taxation sub-committee of the Confederation of Indian Indthemtry (CII).
He is also a member of the British Btheminess Group, Inter Pacific Bar Association
and the Bar Council of Maharashtra & Goa. Antony holds an Honors Degree in
Arts and Law from the National Law School of India University, Bangalore,
India.
Marilyn O. Primiano
Marilyn O. Primiano serves as Vice President - Legal Services, and works
in Subject's Mumbai, India office. Marilyn brings several years of direct
Indian legal and btheminess experience to Subject, having served as a senior
executive in the legal outsourcing division of another Indian
outsourcing firm.
Prior to her career in Indian legal services outsourcing, Marilyn
practiced law for four years with the Philadelphia based law firm of Dilworth
Paxson, LLP where her practice focthemed on complex litigation and bankruptcy.
She received her B.A. from the University of Pennsylvania and her J.D. from
Villanova University School of Law. She is licensed to practice law in
Pennsylvania and New Jersey.
Shelly Dalrymple
Shelly L. Dalrymple serves as Vice President - Legal Services at
Subject's Mumbai, India office. Shelly Dalrymple brings fifteen years of
litigation experience to manage Subject's indthemtry-leading litigation and
review teams on document reviews, due diligence, and legal research matters.
Prior to joining Subject, Shelly was a partner at Eldridge, Cooper, Steichen &
Leach, PLLC, a boutique law firm in Oklahoma specializing in national trial
work in the products liability and labor and employment law arenas. Her
litigation responsibilities included defending corporate clients in a wide
range of products liability class actions and high-risk automotive product
liability suits. Her practice, servicing primarily Fortune 500 companies,
entailed managing multi-state litigation teams as to large-scale discovery
obligations, including complex e-discovery matters, as well as research and
briefing tasks. Furthermore, she developed a niche-specialty in labor and
employment law, defending management in government agency investigations, labor
arbitrations and civil litigation. She also provided employment law best
practices advice to employers, drafted employment policies, and conducted
in-hotheme seminars on legal topics of interest to employers. Shelly began her
legal career in 1992 as an associate with Doerner, Saunders, Daniel &
Anderson, LLP, the longest-established general civil practice firm in Oklahoma.
She was promoted to partner at that firm in 2000. Her practice there focthemed
on complex and multi-state commercial litigation, including False Claims Act,
ERISA, antitrthemt, and class action litigation involving oil and gas, health
care, retail, and manufacturing clients. Shelly was a contributing author to
the Oklahoma Employment Law Letter and spoke frequently at public forums and
continuing legal education seminars on a variety of employment law and civil
procedure issues. She is licensed to practice in Oklahoma, and has appeared in
courts in several states and federal districts.
Shelly received her J.D. degree from George Washington University Law
School, Washington D.C. and her B.A. (cum laude) from Dickinson College,
Carlisle, Pennsylvania. Shelly is a member of the American Bar, the Tulsa
County Bar and the Oklahoma Bar.
Brajesh Mohan
Brajesh Mohan serves as Vice President of Intellectual Property Services
in Subject's New York City office. In this capacity, he is responsible for
client relations and the day–to–day operations of Subject’s Intellectual
Property Department. Brajesh is an experienced intellectual property attorney
with over 12 years experience in a wide variety of disciplines including the
electrical, computer, mechanical, electro-mechanical, bio-mechanical and
chemical fields. His specialties include Patent, Trademark, Copyright, Service
Mark and Trade Secret protection, intellectual property prosecution and
enforcement, domestic and international intellectual property litigation,
off-shoring activities, mergers and acquisitions, and compliance issues. His
expertise include advising clients on the identification, strategic
development, protection, maintenance and enforcement of domestic and
international intellectual property, and maximizing the return on existing
intellectual property taking into account btheminess, legal and risk
considerations; handling variothem aspects of complex domestic and
international intellectual property litigations including discovery,
depositions, expert reports, hearings, motions, briefs and settlements;
negotiating multi-million dollar agreements, such as license agreements,
complex license-back and cross-license agreements, joint development
agreements, alliance agreements, Master Services agreements, teaming
agreements, cooperation agreements and intellectual property asset purchase
agreements; and managing global intellectual property portfolios for clients.
Prior to joining Subject, Brajesh was an Assistant General Counsel at Deloitte
& Touche, an Associate at Fish and Neave, and a consultant for the
Pentagon. Brajesh has a J.D. from St. John’s University School of Law and a
B.S. in Electrical Engineering and Computer Engineering from Hofstra
University.
Kelly Logan
Kelly Logan joined Subject after a 4 year stint with Collyer Bristow
London as a Senior Associate, where he spent the majority of his time on
secondment to Philip Morris International at its international headquarters in
Switzerland. He joins Subject as Vice President of Corporate Legal Services
with legal experience of over nine years. For Philip Morris, Kelly has worked
on a wide range of commercial agreements, including procurement, information
services, product development, product tracking and tracing as well as marketing,
and worked with all levels of management in negotiating, drafting and
structuring commercial transactions. He also has considerable experience of
drafting and negotiating IT agreements including outsourcing agreements,
software licenses, software maintenance agreements, hardware purchase
agreements, consultancy and service agreements, technology development
agreements, escrow agreements, service level agreements, data protection and
web application agreements.
Before working for Collyer Bristow, Kelly was with DLA Piper (London) as
an Assistant Solicitor in the corporate department and worked on a variety of
acquisitions, investments into companies and joint ventures. Kelly's work
experiences include seconding as junior in-hotheme legal counsel and assistant
company secretary for easyInternetCafe Limited and a Treasury analyst at Royal
Bank of Scotland Treasury & Capital Markets. He has been admitted as
Solicitor in England and Wales since 2000.
Kelly has Post graduate diplomas in Commercial Intellectual Property,
legal practice and law from Nottingham Trent University. He also has a Masters
in Law (Corporate and Commercial) from University College, London. Prior to
becoming a lawyer he graduated from Waikato University with a Bachelor of
Management Studies
Disclaimer
Neither Subject llc,Subject global services private limited Nor any
other subsidiary of Subject llc (together, "Subject"), nor any of
their respective directors, officers, employees, agents or representatives
(together, "personnel"), provides legal services or legal advice in
any of the united states, united kingdom or india. Subject is not a law firm,
does not and cannot render legal services or legal advice to the general public
and is not engaged in the practice of law, notwithstanding any performance or
delivery of services by lawyers who are or may be authorized to practice law in
the united states, united kingdom, and/or india. The services and related work
product provided by Subject and its personnel are performed and provided solely
at the request of lawyers and are being provided directly to those lawyers, or
their designee(s), in support of the legal services that those lawyers are
performing for their clients.
CMT REPORT
(Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from variothem 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 btheminess 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 focthemes 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 |
|
THEM Dollar |
1 |
Rs.42.00 |
|
UK Pound |
1 |
Rs.82.14 |
|
Euro |
1 |
Rs.65.09 |
SCORE & RATING
EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BTHEMINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
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 |
STATTHEM |
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 catheme 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 |
|
