MIRA
INFORM REPORT
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Report Date : |
05.07.2008 |
IDENTIFICATION
DETAILS
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Name : |
AKTIS ENGINEERING SOLUTIONS PRIVATE LIMITED |
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Registered Office : |
82, 10th Cross, Venkateswara Layout, 20th Main, BTM
1st Stage, Bangalore – 560 068, Karnataka |
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Country : |
India |
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Date of Incorporation : |
21.09.2006 |
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Com. Reg. No.: |
040580 |
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CIN No.: [Company
Identification No.] |
U72200KA2006PTC040580 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
BLRA08837D |
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PAN No.: [Permanent
Account No.] |
AAGCA0237J |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Sales and Services of Auto Designing of Vehicles and Industries. |
RATING &
COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit consideration.
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
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Status : |
New Concern |
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Payment Behaviour : |
Slow |
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Litigation : |
Clear |
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Comments : |
Subject is a new company and in the process of establishing itself.
Trade relations are fair. Payments are reported as slow but correct. The company can be considered for small to mediocre business dealings
with slight caution, initially. |
INFORMATION PARTED
BY
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Name : |
Mr. Rahul |
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Designation : |
Sales Department |
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Date : |
30.06.2008 |
LOCATIONS
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Registered Office : |
82, 10th Cross, Venkateswara Layout, 20th Main,
BTM 1st Stage, Bangalore – 560 068, Karnataka, India |
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Tel. No.: |
91-80-41461774 / 41461775 |
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E-Mail : |
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Website : |
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Area : |
4000 Sq. ft. |
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Location : |
Rented |
DIRECTORS
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Name : |
Mr. Sandeep Koyekonathu Soman Nair |
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Designation : |
Director |
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Address : |
# 6,17th Main, 4th Cross, BTM Layout, 1st
Stage, Bangalore – 560 029, Karnataka, India |
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Date of Birth/Age : |
10.12.1975 |
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Qualification : |
B.Tec. |
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Date of Appointment : |
09.05.2007 |
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Name : |
Mr. Bharat R Kumar |
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Designation : |
Director |
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Date of Birth/Age : |
32 Years |
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Qualification : |
B.Tec. |
BUSINESS DETAILS
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Line of Business : |
Sales and Services of Auto Designing of Vehicles and Industries. |
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Products : |
·
Automotive Components ·
Consumer Goods ·
Electrical Goods and Equipments ·
Plastic Products |
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Exports : |
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Products : |
Auto designing of vehicles |
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Countries : |
·
North America ·
Europe ·
Japan |
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Terms : |
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Selling : |
Credit (30 days / 60 days / 90 days) |
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Purchasing : |
Credit (30 days / 60 days / 90 days) |
GENERAL
INFORMATION
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Customers : |
·
Wholesalers ·
Manufacturers |
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No. of Employees : |
45 |
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Bankers : |
ABN Amro |
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Banking
Relations : |
- |
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Auditors : |
Not Available |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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50000 |
Equity Shares |
Rs.10/- each |
Rs.0.500 million |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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Not Available |
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FINANCIAL DATA
[all figures are in Rupees Millions]
Not Available
LOCAL AGENCY
FURTHER INFORMATION
Web
site Details :
Services
Offered
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CAD in areas of
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Cast / Forged / Plastic / Sheet Metal Component Design
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Concept Design and Styling
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Parametric Design of Systems and Sub-Systems
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Mechanism Study, Simulation and Digital Mock-ups
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Environment Study / Layouts, Package, Interference / Clearance studies
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Detailing, Drafting, conforming to Standards such as ASME / DIN / ISO
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Tool and Fixture Design
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Continuous Program Support
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Re-Engineering / reverse Engineering
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Full / Partial Factorial Design of Experiments
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CAE for
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Noise Vibration and Harshness
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Crash Worthiness
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Occupant Safety
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Non-Linear Structural Analysis
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Buckling Analysis
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Failure Analysis
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Advanced Product Development
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Finite Element Modeling
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Testing and prototyping of components and assemblies
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Sourcing of various products through a well connected network of
manufacturing companies and infrastructure
Profiles :
Structured
thinking, Innovation, Willingness to go the extra mile, focus on details have
become the habit of their engineers. They have and will continue to strive to
build a reputation for Aktis as a company that brings vision, innovative
management principles and in-depth understanding of the problem to arrive at
cutting-edge solutions, and the responsiveness of a well-established
quality-focused business organisation
They would like to
position Aktis as the most dynamic company in the peer group. They want to
continue to build on their strengths, and learn from the weaknesses while
extending their reach.
Passion, Courage
and Tenacity : With these strengths, they are determined to keep advancing,
keep changing, keep growing, to do more and more for the people who count on
them in all aspects of life and business.
The website will
provide with some interesting background and insights about their organisation
and the vision behind its existence. They welcome the opportunity to speak with
anytime anywhere so that they can bring a difference to the business.
The company came
into existence on 21st September 2006 and started operations with an initial
set of 6 people. In six months Aktis has grown to a strong pool of 25 people,
including Industry specialists and a set of experienced engineers from various
domain areas. Aktis provides end to end solutions to the customer right from
the concept design to product launch including product validation (both virtual
and physical testing).
Aktis means ‘Ray’ and the name signifies our company culture. A ray cannot be
bent and hence it is a symbol of ‘Focus’. They are driven by one primary focus
‘Commitment to Customer’. That "customer focus" is what Aktis Team
Members bring to every task. A service industry cannot grow individually. They
have to make their customers grow, for them to grow. Grow together is the
motive and that is what their logo indicates.
Currently Aktis is
working as the sole offshore partner for Five Tier1 / Tier2 companies. In a
short span of time Aktis has got many accolades to its credit from all the
customers.
Infrastructure
Currently
subject has a pool of 25 experienced professionals from various industries who
have expertise in executing projects from automotive, non automotive and heavy
machinery domain.
They have invested
in the high end machines / softwares /email / secure ftp servers (for data
security) and the plan is to expand their resource pool depending on the
projects.
Subject has got
more than 10 years experience in each of the following softwares.
Ø
IDEAS
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UG NX
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Pro-E
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Catia V5
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Solid works
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Hypermesh
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LS-Dyna
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Nastran
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Optistruct
CMT REPORT
(Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE
GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on Corporate
Governance to identify management and governance. These factors often have been
predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.43.21 |
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UK Pound |
1 |
Rs.85.72 |
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Euro |
1 |
Rs.67.92 |
SCORE & RATING
EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
3 |
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PAID-UP CAPITAL |
1~10 |
3 |
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OPERATING SCALE |
1~10 |
3 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
4 |
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--PROFITABILIRY |
1~10 |
2 |
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--LIQUIDITY |
1~10 |
3 |
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--LEVERAGE |
1~10 |
3 |
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--RESERVES |
1~10 |
3 |
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--CREDIT LINES |
1~10 |
3 |
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--MARGINS |
-5~5 |
- |
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DEMERIT POINTS |
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--BANK CHARGES |
YES/NO |
NO |
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--LITIGATION |
YES/NO |
NO |
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--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
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MERIT POINTS |
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--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
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--EXPORT ACTIVITIES |
YES/NO |
YES |
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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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27 |
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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