%20LTD%2025-Sep-2008_files/image002.jpg){kind=small}
MIRA
INFORM REPORT
|
Report Date : |
25.09.2008 |
IDENTIFICATION
DETAILS
|
Name : |
VIRTUSA (PVT) LTD |
|
|
|
|
Registered Office : |
Trans Asia Commercial Complex, # 117, Sir Cittampalam Mawatha, Colombo
02. |
|
|
|
|
Country : |
Sri Lanka |
|
|
|
|
Date of Incorporation : |
1996 |
|
|
|
|
Com. Reg. No.: |
N (PVS) 20563 |
|
|
|
|
Legal Form : |
Private Limited Liability Company
|
|
|
|
|
Line of Business : |
Providing IT Consulting, Technology and Outsourcing Services |
RATING &
COMMENTS
|
MIRAs Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
|
Status : |
Small Company |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
Litigation : |
Clear |
GENERAL - Basic information at a glance
|
Name of Subject of Inquiry |
: |
VIRTUSA (PVT) LTD |
|
Legal Form & Status |
: |
Private Limited
Liability Company (In operation) |
|
Managing
Director |
: |
Canekeratne
Ranjan Mark |
|
Primary Line of Business |
: |
Providing IT consulting, technology and outsourcing services. |
|
Head Office & Place of
Business |
: |
Trans Asia Commercial Complex, # 117, Sir Cittampalam Mawatha , Colombo 02. Tel. No: (00 94 11) 238 5714 Fax No: (00 94
11) 470 2199 E-mail: ikhan@virtusa.com
Branches: Vogue
Building
Cyntex Building
|
|
No. of Employees |
: |
Over 3500
worldwide |
COMPANY DETAILS - Registration and Shareholder Details
|
Registration No |
: |
N (PVS) 20563 |
||
|
Year of
Registration |
: |
1996 |
||
|
Registered
Office |
: |
Trans Asia Commercial Complex, # 117, Sir
Cittampalam Mawatha, Colombo 02. |
||
|
Board Of Directors As At 03rd July 2008 |
: |
Canekeratne
Ranjan Mark Sri Lankan |
Managing
Director |
|
|
Canekeratne Shireen Elizabeth Sri Lankan |
Director |
|||
|
De Silva Lloyd John Hiran Sri Lankan |
Director |
|||
|
De Silva Sonali Kirtha Kisara Sri Lankan |
Director |
|||
|
De Silva Joseph Eardley Pratap Kumar Aditya |
Director |
|||
|
De Silva Romani Kumar Eardley Patrick Sri Lankan |
Director |
|||
|
Canekeratne Krishan Arune UAS |
Director |
|||
|
Canekeratne Tushara- USA |
Director |
|||
|
Modder Roger Keith Sri Lankan |
Director |
|||
|
Authorised Share
Capital |
: |
Rs. 100,000,000.00 |
||
|
Issued Share
Capital |
: |
Rs. 28,097,660.00 |
||
|
Nominal Value of
Share |
: |
Rs. 10.00 |
||
|
Share Holders As At 03rd July 2008 |
: |
Share Holders |
No of Shears |
|
|
Canekeratne Ranjan Mark |
01 |
|||
|
Canekeratne Shireen Elizabeth |
01 |
|||
|
Wijetilaka Shehan |
14,044 |
|||
|
Virtusa INC |
2,795,720 |
|||
Secretaries
|
:
|
P. R. Secretarial Services Ltd |
||
|
Auditors |
: |
KMPG Ford, Rhodes Thornton & Co |
||
|
Bankers |
: |
-Not Disclosed- |
||
FINANCIAL DETAILS
Most recent available Financial Information
THE COMPANY HAS
DECLINED TO PROVIDE INFORMATION ON ITS FINANCES
current investigation
·
History.
The Subject Company VIRTUSA
(PVT) LTD is a Private Limited liability Company incorporated in 1996
·
Location.
The Subject Company
is located at the client given address Trans Asia Commercial Complex, # 117, Sir Cittampalam Mawatha, Colombo
02.
·
Operations Details.
General
The subject company primary
line of business is providing IT consulting, technology and outsourcing
services
Services:
- Cutting-edge products and applicatio n development
- Software quality assurance
- Product and application integration
- IT rationalization and modernization
Employees
Over 3500
worldwide
·
Financial Data
The company has
declined to provide information on its finances
·
General
Comments
The subject company when contacted refuse to provide any information to
prepare this report and declined to disclose any operational or financial
information, However all information received is from non-formal sources but
clearly originating from the company
·
Trade
references
The subject
company did not provide any trade reference referrals
·
Credit Recommendations
Since no financial information has been
forthcoming from the company, it is not possible to comment on the merits or
otherwise of the company.
No computerised data bases exist to make
checks whether the partners or the company has any legal action or lawsuit
initiated against any of them but informal (but not in-depth) checks do not
indicate any such cases in the public knowledge.
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.46.25 |
|
UK Pound |
1 |
Rs.85.92 |
|
Euro |
1 |
Rs.68.11 |
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, we have no basis upon which to
recommend credit dealings |
No Rating |
|
This score serves as a reference to assess SCs 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%)