MIRA
INFORM REPORT
|
Report Date : |
19.06.2008 |
IDENTIFICATION
DETAILS
|
Name : |
BLUES INTEGRATED SOLUTIONS |
|
|
|
|
Registered Office : |
1, BIS Towers, 1st Main, 1st Cross, Ashwini
Layout, Off. Koramangala Inner Ring Road, Bangalore – 560047, Karnataka |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as on) : |
31.03.2008 |
|
|
|
|
Date of Incorporation : |
November, 2007 |
|
|
|
|
TAN No.: [Tax
Deduction & Collection Account No.] |
BLRB06657A |
|
|
|
|
Legal Form : |
Partnership Concern with an Unlimited Liability of the Partners. |
|
|
|
|
Line of Business : |
Providing Services in Event Management, Training Infrastructure,
Recruitments and Corporate Gifts. |
RATING &
COMMENTS
|
MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
USD 30000 |
|
|
|
|
Status : |
New Concern |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a small and unknown concern No trade relations and payment
are yet known. Initially, fully safe and secured business dealings are only
recommended. |
LOCATIONS
|
Registered Office : |
1, BIS Towers, 1st Main, 1st Cross, Ashwini Layout,
Off. Koramangala Inner Ring Road, Bangalore – 560047, Karnataka, India |
|
Tel. No.: |
91-80-40347777 |
|
Mobile No.: |
91-9886438784/ 9845735865 |
|
Fax No.: |
91-80-40347786 |
|
E-Mail : |
|
|
Website : |
PARTNERS
|
Name : |
Mr. Abishek Shivram |
|
Designation : |
Partner |
|
Date of Birth/Age : |
27 Years |
|
Qualification : |
B.E. |
|
Experience : |
7 Years |
|
|
|
|
Name : |
Mr. Vijay Kumble |
|
Designation : |
Partner |
|
Date of Birth/Age : |
26 Years |
|
Qualification : |
B.E. |
|
Experience : |
6 Years |
|
|
|
|
Name : |
Mr. Susheel Kumar |
|
Designation : |
Partner |
|
Date of Birth/Age : |
27 Years |
|
Qualification : |
Graduate |
BUSINESS DETAILS
|
Line of Business : |
Providing Services in Event Management, Training Infrastructure,
Recruitments and Corporate Gifts. |
|
|
|
|
Terms : |
|
|
Selling : |
Advance Payment |
|
|
|
|
Purchasing : |
Cash and Carry |
GENERAL
INFORMATION
|
Suppliers : |
v Sumo
Technologies v Airtel v Samurai Expo |
|
|
|
|
Customers : |
v Integra v Endeavour v Q – Soft Systems
and Solutions Private Limited v TTK v Iteamic v Conexant v Kinfotech
Private Limited v Object Orb
Technologies Private Limited v Sparsh v Amvensys
Technologies v Manipal E-
Commerce v Logica v SJR Group v Birla Sun Life
Insurance v Caddons Chip to
Connectivity v HCL |
|
|
|
|
No. of Employees : |
20 |
|
|
|
|
Bankers : |
HDFC Bank, Koramangala, Bangalore – 560095, Karnataka, India |
|
|
|
|
Facilities : |
Operating on own funds |
|
|
|
|
Banking
Relations : |
Unknown |
|
|
|
|
Auditors : |
|
|
Name : |
Mr. Srinivasan Chartered Accountants |
|
Address : |
Bangalore |
CAPITAL STRUCTURE
|
Capital Investment : |
|
|
Owned : |
Rs. 6.000 millions |
|
Borrowed : |
-- |
|
Total : |
Rs. 6.000 millions |
FINANCIAL DATA
[all figures are in Rupees Millions]
|
Particulars |
|
|
31.03.2008 |
|
Sales Turnover |
|
|
3.000 |
|
|
|
|
|
|
Profit/Loss for the year |
|
|
In Process |
LOCAL AGENCY
FURTHER INFORMATION
Note:
The Factory is fully equipped with infrastructure such as interview chambers,
conference rooms, audio and video conference rooms, data storage, security and
computer networking systems etc.
The Factory Premises is 4 Floors and the area is 10000 Sq.ft, Leased.
Table
|
Parameters |
Details |
|
Existence
Verification |
|
|
Name |
Blues Integrated Solutions |
|
Address |
1, BIS Towers, 1st Main, 1st Cross, Ashwini
Layout, Off. Koramangala Inner Ring Road, Bangalore – 560047, Karnataka,
India |
|
Tel No. |
91-80-40347777 |
|
Mobile No |
91-9886438784 |
|
Fax No. |
91-80-40347786 |
|
Electricity Bill |
M53CL31951 |
|
|
|
|
Statutory
Approvals |
|
|
Legal Status of Firm |
Partnership |
|
Income Tax Registration |
AATFB1458K |
|
Service Tax Registration |
AATFB1458KST001 |
|
VAT / TIN Registration |
TIN NO: 29760787525 |
|
Name of Bank |
HDFC Bank |
|
urrent Account Number |
00532560001881 |
|
Account Since |
November, 2007 |
|
|
|
|
Credibility
Factors |
|
|
India Mart Client Since |
About 2 weeks |
|
Year of Establishment |
November, 2007 |
As Per Website
Details
Management
Vijay Kumble, Susheel Kumar and Abhishek Shivaram form the core of Blues Integrated Solutions.
Vijay Kumble and Susheel Kumar have been associated with BPO and Call Center Operations Management, Recruitment, Training and Development, Motivational Techniques, Voice and Accent Neutralization Concepts, Staffing and Retention, Quality Control, Full Service Consulting, Budgeting and Finance in India for the past 5 years.
Abhishek Shivaram brings with him a solid experience of 6 years in Event Management,Corporate Team Building and Branding/ Advertising making it an enthusiastic team which believes can add value to all its Corporate Clients.
Blues Integrated Solutions specializes in Corporate Training, Corporate Placement Services, Event Management and BPO/LPO Solutions.
As a Company, Blues Integrated Solutions realizes its responsibilities to its various stakeholders - Clients, Employees, and Society at large. Strategically created checks and balances seek to deliver uncompromising accountability to these stakeholders from every quarter of the organization.
The assets are the people, infrastructure, quality and a good working environment coupled with an excellent vendor list. They have a decisive vision, which they are all set to accomplish with faith,smart-work and result. The punch line is "Showing the Way" and they want to become the first point of contact in corporate services to all the clients.
Infrastructure
They have a specially designed ergonomic floor with state of the art training rooms, which is suitable for all sort of processes. It's a great facility center where employees are at ease with work. The organization is designed matching high standards and has been tailor-made to support multifacets of business.
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 :
The 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.
The Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 42.90 |
|
UK Pound |
1 |
Rs. 83.74 |
|
Euro |
1 |
Rs. 66.46 |
SCORE & RATING
EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
2 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
2 |
|
--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 |
|
25 |
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 |
STATUS |
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 cause 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, they have no basis upon which to
recommend credit dealings |
No Rating |
|