MIRA
INFORM REPORT
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Report Date : |
01.02.2008 |
IDENTIFICATION
DETAILS
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Name : |
NEO COSMO TECH SOLUTIONS PRIVATE LIMITED |
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Registered Office : |
C / 102, Unit 16, Pune IT Park, 34 Aundh Road, Bhau Patil Marg, Pune –
411020, Maharashtra |
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Country : |
India |
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Date of Incorporation : |
13.12.2006 |
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Com. Reg. No.: |
129326 |
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CIN No.: [Company
Identification No.] |
U72900PN2006PTC129326 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Service Provider. Services Provided are : Business Consulting, Product Management,
Investment Management, international Business Development and Technology
Transfer. |
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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Status : |
New Company |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is a new company and its first financials are awaited. The company
has registered satisfactory business during the first a months of its
operations. Trade relations are fair. No further details or payment could be
made available. The company can be considered for small to mediocre business dealings
with slight caution, initially. No clean credit can be granted. |
LOCATIONS
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Registered Office : |
C / 102, Unit 16, Pune IT Park, 34 Aundh Road, Bhau Patil Marg, Pune –
411020, Maharashtra, India |
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Tel. No.: |
91-20-30226116 |
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Mobile No.: |
91-9960000969 [Mr. Shailesh] 91-9960000979 [Mrs. Rupali] |
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Fax No.: |
91-20-30226100 |
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E-Mail : |
shailesh.dangle@cosmotechsolutions.com
info@cosmotechsolutions.com |
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Website : |
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Area : |
200 sq. ft. [Leased] |
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Branch Office : |
Deccan, Pune, Maharashtra, India
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Area : |
Leased |
Office at a New location shall be opened in another 15-20 days [Leased -
1500 sq. ft.]
DIRECTORS
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Name : |
Mr. Shailesh Dangle |
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Designation : |
Managing Director |
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Date of Birth/Age : |
33 Years |
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Qualification : |
Post Graduate |
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Name : |
Mrs. Rupali Dangle |
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Designation : |
Director |
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Date of Birth/Age : |
30 Years |
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Qualification : |
Post Graduate |
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Name : |
Mr. Rajendra Deshmukh |
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Designation : |
Director |
BUSINESS DETAILS
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Line of Business : |
Service Provider. Services Provided are : Business Consulting, Product Management,
Investment Management, international Business Development and Technology
Transfer. |
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Imports : |
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Countries : |
In talking terms with Korea company to import and export information
security related products. |
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Services Provided on : |
Cheque or Credit [15-20 days] |
GENERAL
INFORMATION
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Customers : |
Corporates, Oil Companies etc.
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No. of Employees : |
7 |
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Bankers : |
Axis Bank Senapati Bapat Road, Pune |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Phadke Associates Chartered Accountants |
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Address : |
Pune, Maharashtra, India |
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Associates/Subsidiaries : |
NIL |
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 |
FINANCIAL DATA
[all figures are in Rupees Millions]
Company incorporated in December 2006 but Sales started in August 2007
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Particulars |
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August 2007 to
January 2008 |
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Sales Turnover |
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Above 5.000 |
Expected Sales (2007-08) : Above Rs. 20.000 Millions
LOCAL AGENCY
FURTHER INFORMATION
BUSINESS
PARTNERSHIP
- Micro
Technologies Limited [Mr. Deshmukh one of the directors for Heo Cosmo]
TRADE REFERENCE
- Universal Machinery, Pune
- UGC Logistics, Pune
- Amit Roadlines, Pune
AS PER WEBSITE
Profile
In the
globalized business of the 21st century, Technological Innovation stands as a
synonym for sustained commercial progress.
Cosmo-Tech Solutions is a new age tech enterprise conceived around this
very idea - "Innovation".
They are a techno-commercial organization operating in the domain of core
technology transfer, invention and implementation of cutting edge technology
systems, end -
to-end
business consulting and a host of other key ventures. Every activity is
designed to optimize their clients’ business efficiency by maximizing returns
to technological investments.
Cosmo-Tech Solutions is research based enterprise. They
strive every day to broaden the applicability of new generation technologies to
improve the lives and businesses of individuals and corporate entities. They
are relentlessly steered towards this idea by their Advisory Board, a group of
veterans from techno-commercial arena. With decades of dedicated research and
field experience in handling the nuances of global business and technology,
these eminent scientists & experts provide them the right direction,
helping Cosmo-Tech Solutions achieve the highest level of customer satisfaction
and trust in this highly competitive and dynamic sector.
Innovations
Assets Security Systems
They are involved in world-class innovative messaging solutions and dynamic
value added services to enhance security of individuals through messaging
technology. Their products can safeguard and protect the vehicle or mobile
phone from theft, track fleet of vehicles and protect home from intrusion or
natural calamities. 
Automobile security system / Fleet
Monitoring System
A
product for vehicle tracking solution integrated with GIS and messaging device.
The senses any event of vehicle and immediately communicates events to the
registered user’s mobile through SMS. To enhance flexibility with different
ways to track and locate vehicles in real time. The digitized map screen for
ease of use and enables as many, or as few vehicles to be viewed. The
pinpointing of vehicles at regular time intervals. Globally monitoring
movements of the vehicle and intimating information to concurrent users by the
system Web Interface. 
Home Security System
Home
Security System, a unique system combined with custom-built hardware to control
the premises, is a micro controller based system with a wireless technology and
numerous sensors that allow the owner to remotely get intrusion intimation of
his premises.
The System is most reliable Intruder Detection System for homes and offices.
Whenever there is an intrusion, the system, being intelligent, alerts the
concerned authorities. It is an effective and unique solution in which the
primary user is intimated through SMS, E-mail, Call event when disasters like
intrusion, temperature rise or decrease, fire and gas leakage occur.
By installing Home Security System and taking extra care of the home, office.
For some of you, it could be as simple as controlling a light or appliances
with the same remote they use to control their AC, Geyser, Washing Machine,
Music System, TV. For others, it is a completely automated home that is controlled
by use of the mobile as well as with computer interface completely programmed
to fit the personal lifestyle. 
Mobile Tracking System
Lost Mobile Tracking System a comprehensive and intelligent
tool proven to significantly reduce the theft and maintain the system
integrity.
It minimizes replacement costs and enables to trace the missing mobile through
an innovative feature. It ensures sensitive owners assets and personal
information.
LMTS is the easiest and most cost-effective way to secure the mobile. It is
combined with the best technology allowing you to safely store and recharge the
mobile. It enables operators to "blow up" mobiles after they have been
stolen.
Financial security Systems
They also have messaging solutions for financial sector specializing in plastic
money security systems safe-guarding from frauds, Electronic hardware units for
fast currency counting and checking, Real-time Currency checking systems. 
ATM / Credit Card Security
• Provides unique and highly reliable security system for
all transactions conducted through any card.
• Provides an instant alert to the cardholder in case his card is being used.
• Asks for authentication before completing the transaction
• Without authentication the transaction cannot go through. This feature can be
customized to meet certain exigencies and legal or statutory or customer
satisfaction requirements.
• System is easy to install, implement and integrate with the existing
platforms.
• Efficient and easy deployment.
• Instant alert and authentication system has global access.
• High and recurring revenue yields for both the institution and the vendor.
• Has Global use and the facility can be provided any where in the world.
Logical Currency Checking System
Logical
Currency Checking System is a proven hardware system integrated with the
build-in AI based software, which is available as a prototype system. The
software has been developed in Visual Studio.Net environment. The last five
years of fundamental research and team development which has created first its
kind of system in the world. 
Real – Time Gross Settlement
RTGS provides a common platform to account holders, bank officials to
provide value-added services to recipients. When time is of the essence, can facilitate
Real Time Gross Settlement (RTGS) payments in a secure environment. This
payment mechanism will enable funds to be received by the recipient intra-day,
rather than the traditional banking system exchanges that occur each night. 
Messaging System
Their messaging system helps to
send emails through mobile phones, mass messaging for marketing purposes or in case
of emergencies and schedule messages for organizing appointments.
Services
Business
Consulting
Cosmo-Tech’s team of International specialists and Cosmo-Tech’s broad set of
domain expertise offer Strategic Business Consulting in the area of Innovation
& Knowledge Management, entrepreneurship, and strategic plans.
Technology
Transfer
Cosmo-Tech’s mission is to promote innovative technologies for patents and to
license patents in order to promote development of inventions towards practical
application for use by the general public.
International
Business Development
Cosmo-Tech extends strategic support to promote their associate's
innovative products in the international market. Cosmo-Tech’s strategic
approach and network gives access to market internationally.
Product management
Market leadership today depends on innovation and getting
the products to market faster than the competitors. Delivering superior quality
and increasing productivity are also imperative to stay on top of the game.
Cosmo-Tech offers product management services for product companies across
verticals that gives you significant benefits. The services include product
conceptualization & design, development, testing, international marketing
services. Cosmo-Tech offers Consulting & Professional Services for
companies that need product differentiation to get better market share and
wider product acceptance.
Investment
Management
Cosmo-Tech encourages technological innovation across the industries. The
investment required for development of concept, idea, proto-type for inventors
/ start-up firms, SMEs' is managed by Cosmo-Tech group. Cosmo-Tech team of
experts evaluates the proposals.
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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.39.39 |
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UK Pound |
1 |
Rs.78.40 |
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Euro |
1 |
Rs.58.73 |
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 |
3 |
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OPERATING SCALE |
1~10 |
- |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
2 |
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--PROFITABILIRY |
1~10 |
- |
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--LIQUIDITY |
1~10 |
3 |
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--LEVERAGE |
1~10 |
3 |
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--RESERVES |
1~10 |
2 |
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--CREDIT LINES |
1~10 |
1 |
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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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16 |
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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