MIRA
INFORM REPORT
|
Report Date : |
17.02.2011 |
IDENTIFICATION DETAILS
|
Name : |
LOCUZ ENTERPRISE SOLUTIONS LIMITED (w.e.f. 03.07.2000) |
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Formerly Known As : |
LOCUS ENTERPRISES SOLUTIONS LIMITED |
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Registered Office : |
4-1-938/31-35, New No. 3, |
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Country : |
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Financials (as on) : |
31.03.2010 |
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Date of Incorporation : |
19.11.1999 |
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Com. Reg. No.: |
01-032881 |
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CIN No.: [Company
Identification No.] |
U72200AP1999PLC032881 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
HYDL00458D |
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PAN No.: [Permanent
Account No.] |
AAACL6270A |
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Legal Form : |
A Closely held Public Limited Liability Company |
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Line of Business : |
Providing Services of Infrastructure, Networking Solution. |
RATING & COMMENTS
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MIRA’s Rating : |
Ba (47) |
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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 216000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is a well established and reputed company having fine track.
Trade relations are fair. Financial position of the company is good. Business
is active. Payments are reported as usually correct and as per commitments. The company can be considered good for business dealings at usual
trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – April 1, 2010
|
Country Name |
Previous Rating (31.12.2009) |
Current Rating (01.04.2010) |
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A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
INFORMATION PARTED BY
|
Name : |
Mr. V.D.S. Prasad |
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Designation : |
Commercial Manager |
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Date : |
15.02.2011 |
LOCATIONS
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Registered Office : |
4-1-938/31-35, New No. 3, |
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Tel. No.: |
91-40-66115511 |
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Fax No.: |
91-40-24754928 |
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E-Mail : |
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Website : |
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Area : |
Owned |
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Head Office : |
4, 6th Floor, |
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Tel. No.: |
91-40-30509001 |
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Fax No.: |
91-40-30509006 |
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Regional Office1 : |
2nd Floor, Alfa Center, No. 20 Venugopal Swamy Layout,
Koramangala Inner Ring Road, Bangalore-560047, Karnataka, India |
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Tel. No.: |
91-80-40506800 |
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Fax No.: |
91-80-41314748 |
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Regional Office 2: |
C/o 3iInfotech Limited, MIDC, Andheri (East), Mumbai – 400 093, |
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Tel. No.: |
91-22-39814592 |
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Branch Office : |
Located at: Ř
Pune Ř
Chennai Ř
Ř
Kolkata Ř
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DIRECTORS
As on 30.08.2010
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Name : |
Mr. Vijay Kumar Wadhi |
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Designation : |
Managing Director |
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Address : |
No.107, Manasarover Villa Greens Gandipet, |
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Date of Birth/Age : |
14.11.1960 |
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Qualification : |
MBA |
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Date of Appointment : |
19.11.1999 |
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DIN No.: |
00087657 |
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Name : |
Mr. Uttam Kumar Majumdar |
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Designation : |
Whole Time Director |
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Address : |
1-7-200/1, Kamala Nagar Ecil, |
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Date of Birth/Age : |
09.09.1973 |
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Qualification : |
B. Tech |
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Date of Appointment : |
19.11.19999 |
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DIN No.: |
00087668 |
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Name : |
Mr. |
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Designation : |
Whole Time Director |
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Address : |
F33, 6-3-630-12 and 3, Symphony Dwellings, |
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Date of Birth/Age : |
28.09.1973 |
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Qualification : |
B. Tech, MBA |
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Date of Appointment : |
05.12.2005 |
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DIN No.: |
01325018 |
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Name : |
Mr. Anirudh Prabhakaran |
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Designation : |
Director |
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Address : |
306, Phase II, |
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Date of Birth/Age : |
11.05.1965 |
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Date of Appointment : |
02.06.2008 |
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Date of Ceasing : |
02.11.2010 |
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DIN No.: |
00588346 |
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Name : |
Mr. Shivanand Rama Shettigar |
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Designation : |
Director |
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Address : |
14, Balambika CHS, Chedda Nagar, Chembur, Mumbai - 400 089, |
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Date of Birth/Age : |
13.03.1965 |
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Date of Appointment : |
02.06.2008 |
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DIN No.: |
00209835 |
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Name : |
Mr. Lakshminarayanam Sogathur Chakravarthy |
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Designation : |
Director |
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Address : |
A-403, Plot No. 13-14, Amrita Sadan, Sector 22 Oppositse Nerul
Station, Nerul (West), Navi Mumbai-400706, Maharashtra, India |
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Date of Birth/Age : |
14.06.1974 |
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Date of Appointment : |
02.06.2008 |
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DIN No.: |
02182569 |
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Name : |
Mr. Prasanna Lahoti |
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Designation : |
Director |
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Address : |
501, Sky Walk Tower, Building No. 5, Orlem Tank Lane, Valanai, Malad (West),
Mumbai - 400 064, Maharashtra, India |
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Date of Birth/Age : |
07.10.1967 |
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Date of Appointment : |
14.01.2009 |
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DIN No.: |
02503416 |
KEY EXECUTIVES
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Name : |
Mr. V.D.S. Prasad |
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Designation : |
Commercial Manager |
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Name : |
Mr. Mohd.
Arifuddin |
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Designation : |
AVP – Sales –
Technology Solutions |
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Name : |
Mr. Deepak
Majumdar |
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Designation : |
Chief Technology
Officer |
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Name : |
Mr. Asit Sahoo. |
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Designation : |
Chief Consultant |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.08.2010
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Names of Shareholders |
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No. of Shares |
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Vijay Kumar Wadhi |
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182437 |
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Uttam Kumar Majumdar |
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181358 |
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3i Infotech Limited, |
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510000 |
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Poonam Wadhi |
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31939 |
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Ramesh Chander Wadhi |
|
9898 |
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Gyan Kumari |
|
9898 |
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Deepak Majumdar |
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30860 |
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Durganadh Venkata |
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34300 |
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Mohammed Arifuddin |
|
2940 |
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Asit Sahoo |
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2450 |
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M. Saravana |
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1960 |
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|
1960 |
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Total |
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1000000 |
As on 30.08.2010
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Equity share
breakup |
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Category |
Percentage |
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Bodies corporate |
51.00 |
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Directors or relatives of directors |
49.00 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Providing Services of Infrastructure, Networking Solution. |
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Agencies Held : |
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Imports : |
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Products : |
IT Hardware |
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Countries : |
Ř
Ř
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Terms : |
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Selling : |
Cash and Credit (30/ 60/ 90 days) |
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Purchasing : |
Cash and Credit (30/ 60/ 90 days) |
GENERAL INFORMATION
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Customers : |
End Users, OEM’s and Corporates' Ř
AMD Ř
ADP Ř
Ř
Covansys Ř
Virtusa Ř
Google Ř
Apollo Hospitals Ř
Ocwan Ř
Satyam Ř
DE Shaw and Company |
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No. of Employees : |
230 (Approximately) |
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Bankers : |
Ř
State Bank of Ř
IDBI Bank Limited, 224-A, Mittal Court, A-Wing,
Nariman Point, Mumbai-400021, Ř
The
South Indian Bank Limited, |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
R.B. Kabra and Company Chartered Accountants |
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Address : |
4-1-917, Parsilane, |
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Tel. No.: |
91-40-24753843 |
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Parent Company: |
3i Infotech Limited |
CAPITAL STRUCTURE
As on 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1000000 |
Equity Shares |
Rs.10/- each |
Rs.10.000 Millions |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1000000 |
Equity Shares |
Rs.10/- each |
Rs.10.000 Millions |
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Note: (of the above 485380 shares of Rs.10/- each are
allotted as fully paid up bonus shares by capitalization of accumulated
profits)
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
10.000 |
10.000 |
9.708 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
44.037 |
39.287 |
29.442 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
54.037 |
49.287 |
39.150 |
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LOAN FUNDS |
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1] Secured Loans |
33.401 |
5.066 |
29.075 |
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2] Unsecured Loans |
12.185 |
18.794 |
16.041 |
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TOTAL BORROWING |
45.586 |
23.860 |
45.116 |
|
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DEFERRED TAX LIABILITIES |
4.260 |
3.428 |
1.255 |
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TOTAL |
103.883 |
76.575 |
85.521 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
34.937 |
56.012 |
8.850 |
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Capital work-in-progress |
50.298 |
0.000 |
0.000 |
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|
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INVESTMENT |
0.021 |
0.026 |
0.026 |
|
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DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
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|
|
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CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
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Inventories |
7.542
|
10.515
|
5.695 |
|
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Sundry Debtors |
306.666
|
110.103
|
302.067 |
|
|
Cash & Bank Balances |
27.107
|
56.798
|
8.142 |
|
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Other Current Assets |
0.000
|
0.000
|
0.000 |
|
|
Loans & Advances |
45.097
|
28.970
|
8.691 |
|
Total
Current Assets |
386.412
|
206.386
|
324.595 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
259.083 |
132.268 |
229.313 |
|
|
Other Current Liabilities |
107.271
|
50.881
|
12.819 |
|
|
Provisions |
1.431
|
2.700
|
7.795 |
|
Total
Current Liabilities |
367.785
|
185.849
|
249.927 |
|
|
Net Current Assets |
18.627
|
20.537
|
74.668 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
DEFFERED REVENUE EXPENDITURE |
0.000 |
0.000 |
1.977 |
|
|
|
|
|
|
|
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TOTAL |
103.883 |
76.575 |
85.521 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income from Sales and Services |
848.893 |
592.920 |
708.985 |
|
|
|
Other Income |
25.291 |
23.465 |
23.161 |
|
|
|
TOTAL (A) |
874.184 |
616.385 |
732.146 |
|
|
|
|
|
|
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Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Sales and Services |
698.745 |
469.038 |
604.598 |
|
|
|
Selling and Administrative Expenses |
153.758 |
125.437 |
90.865 |
|
|
|
TOTAL (B) |
852.503 |
594.475 |
695.463 |
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|
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|
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Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
21.681 |
21.910 |
36.683 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
11.528 |
8.709 |
3.414 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
10.153 |
13.201 |
33.269 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
3.140 |
2.441 |
2.623 |
|
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|
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|
|
|
|
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|
PROFIT BEFORE
TAX (E-F) (G) |
7.013 |
10.760 |
30.646 |
|
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Less |
TAX (H) |
2.262 |
0.916 |
11.496 |
|
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|
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|
PROFIT AFTER TAX
(G-H) (I) |
4.751 |
9.844 |
19.150 |
|
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Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
39.286 |
29.442 |
15.146 |
|
|
|
|
|
|
|
|
|
|
Less:
Capitaliasation for Bonus Issue |
-- |
-- |
4.854 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
44.037 |
39.286 |
29.442 |
|
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EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Commission received |
NA |
22.260 |
14.130 |
|
|
TOTAL EARNINGS |
NA |
22.260 |
14.130 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
4.75 |
9.85 |
19.73 |
|
Expected Sales (2010-2011): Rs.1000.000 millions
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
0.54 |
1.60 |
2.62 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.83
|
1.81
|
4.32 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.66
|
4.10
|
9.19 |
|
|
|
|
|
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|
Return on Investment (ROI) (PBT/Networth) |
|
0.13
|
0.22
|
0.78 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
7.65
|
4.25
|
7.54 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.05
|
1.11
|
1.30 |
LOCAL AGENCY FURTHER INFORMATION
Details of Sundry Creditors:
|
Particulars |
31.03.2010 (Rs. in millions) |
31.03.2009 (Rs. in millions) |
31.03.2008 (Rs. in millions) |
|
Sundry Creditors |
259.083 |
132.268 |
229.313 |
|
|
|
|
|
FINANCIAL RESULTS:
In the financial year 2009-10 the company earned, overall revenue of Rs.874.184 millions, a growth of 41.82% over the corresponding period of the previous year.
OPERATIONS REVIEW:
During the year, the company established a branch at
Bankers Charges
Report as per Registry
|
Name of the company |
LOCUZ ENTERPRISE
SOLUTIONS LIMITED |
|
Presented By |
Mr. Vijaykumar Wadhi,
Managing Director |
|
1) Date and description of instrument creating the change |
29.08.2003
Facilities Agreement of hypothecation of goods, machinery, vehicles, book
debts and other assets. |
|
2) Amount secured by the charge/amount owing on the securities of charge |
Rs. 4.640
millions |
|
3) Short particular of the property charged. If the property acquired is subject to charge, date of the acquired of the property should be given |
First charge on
entire fixed assets and current assets of the Viz. stock in trade stored in
Sudha House 3, |
|
4) Gist of the terms and conditions and extent and operation of the charge. |
The security
created under the said deed of hypothecation is to be continuing security.
Personal guarantee of all directors of the company. Rate of interest:
PLR + 2.00% P.a. (presently 15%) As per RBI
directives from time to time. Commission as per
IBA rules. |
|
5) Name and Address and description of the person entitled to the charge. |
The south Indian
Bank Limited, |
|
6) Date and brief description of instrument modifying the charge |
Nil |
|
7) Particulars of modifications specifying the terms and conditions or the extent of operations of the charge in which modification is made and the details of the modification. |
Nil |
|
Corporate identity
number of the company |
U72200AP1999PLC032881 |
|
Name of the
company |
LOCUZ ENTERPRISE SOLUTIONS LIMITED |
|
Address of the
registered office or of the principal place of business in |
4-1-938/31-35, New No. 3, E-Mail: vwadhi@lcouz.com |
|
This form is for |
Modification of
charge |
|
Charge
identification number of the modified |
10170062 |
|
Type of charge |
Book Debts Movable Property Floating Charge Others (Stocks) |
|
Particular of
charge holder |
IDBI Bank Limited, 224-A, Mittal Court, A-Wing, Nariman Point, Mumbai
- 400 021, E-Mail: vijaya.sekhar@idbi.co.in |
|
Nature of
description of the instrument creating or modifying the charge |
By way of deed of
hypothecation dated 29-07-2010 |
|
Date of
instrument Creating the charge |
29/07/2010 |
|
Amount secured by
the charge |
Rs.290.000 millions
|
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest: As per Sanction
letter ref no: IDBI/NPT/MCG/10-11/51 dated 20/07/2010 and as amended from
time to time. Terms of
Repayment: As per Sanction
letter ref no: IDBI/NPT/MCG/10-11/51 dated 20/07/2010 and as amended from
time to time. Margin: As per Sanction
letter ref no: IDBI/NPT/MCG/10-11/51 dated 20/07/2010 and as amended from
time to time. Extent and
Operation of the charge: First pari passu
charge on the entire current assets of the Company both present and future by
way of hypothecation to secure the due repayment of credit facility to the
tune of Rs.290.000 millions together with interest and other costs. |
|
Short particulars
of the property charged |
First pari passu
charge by way of hypothecation on entire current assets of the Company both
present and future together with interest and other costs. More particularly
described in schedule of deed of hypothecation. |
|
Date of latest
modification prior to the present modification |
17/07/2009 |
|
Particulars of
the present modification |
A first pari
passu charge on entire current assets of the company both present and future
created to secure the due repayment of credit facilities of Rs.120.000
millions along with interest and other costs. Now extended to secure due
repayment of Rs.290.000 millions along with interest and other costs. |
|
This form is for |
Creation of
charge |
|
Corporate identity
number of the company |
U72200AP1999PLC032881 |
|
Name of the
company |
LOCUZ ENTERPRISE
SOLUTIONS LIMITED |
|
Address of the
registered office or of the principal place of business in |
4-1-938/31-35, Neew No. 3, |
|
Type of charge |
Book Debts Movable Property Floating Charge |
|
Number of charge
holder (s) |
1 |
|
Particular of
charge holder |
IDBI Bank Limited, 224-A, Mittal Court, A-Wing, Nariman Point, Mumbai-400021,
|
|
Email ID |
|
|
Nature of
description of the instrument creating or modifying the charge |
By way of deed of
hypothecation dated 17th July, 2009 |
|
Date of
instrument Creating the charge |
17.07.2009 |
|
Amount secured by
the charge |
In case the amount is in foreign currency, rupee
equivalent to be stated Rs. 120.000 Millions. |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest As per sanction
letter Ref No. IDBI/NPT/MCG/09-10/27 dated 30-06-09 and as modified from time
to time. Terms of
Repayment As per sanction
letter Ref No. IDBI/NPT/MCG/09-10/27 dated 30-06-09 and as modified from time
to time. Margin As per sanction
letter Ref No. IDBI/NPT/MCG/09-10/27 dated 30-06-09 and as modified from time
to time. Extent and
Operation of the charge First charge on
the entire current assets of the company both present and future created by
way of hypothecation to secure the due repayment of facilities of Rs 120.000
millions along with interest and other cost. |
|
Short particulars
of the property charged |
i)
Primary:
1st Paripassu Hypothecation Charge on Entire Current Assets of the
Company both Present and Future. ii)
Corporate
guarantee from 3i Infotech Limited. |
TRADE REFERENCES:
· Hutchison Whampoa Limited
· Suzlon Energy Limited
· Tata Consultancy Limited
CONTINGENT LIABILITY NOT PROVIDED FOR IN RESPECT OF:
|
particular |
As on 31.03.2010
(Rs. In
Millions) |
|
Outstanding Guarantees given by Banks |
44.305 |
|
Estimated amount of claims against the
company not acknowledged as debts in respect of – Disputed Income tax matters |
0.092 |
|
|
|
FIXED ASSETS:
Ř Computer
Ř Office Equipment
Ř Furniture and Fixtures
Ř Motor Vehicles
WEBSITE DETAILS:
Genesis
Locuz started
operations in 2000 at
Guided by dynamic management and fortified with excellent resources, they have
operations across
MANAGEMENT TEAM:
Vijay Wadhi
MD and CEO
Vijay is with 20+ years experience in the IT space. He is a successful
entrepreneur having started and succeeded in 2 ventures earlier. He brings in
leadership and financial discipline in the organization.
He is an MBA by qualification, and has attended various short term executive
training programs conducted by Business Schools (IIM-A) and other professional
organizations. His subjects of interest are Business Strategy, Human Resources
and Finance.
His success lies in finding, growing and retaining key talent in the
organization. He is passionate about building a highly HR friendly
organization, and is key in driving Locuz towards PCMM Level-5 status with the
objective of making Locuz an 'Employer of Choice'.
He has given several lectures in various forums on Leadership, 7-Habits,
Empowerment and Time management.
Uttam Majumdar
Founder and President (Consulting and
Services)
(B.Tech, CISSP, CCSP, CCNA and CIISA)
Uttam is one of the
technology visionaries of the company. As Chief of Consulting and PS he is responsible
for services operations and consulting assignments of Locuz.
He was the chief architect of the first ever Digital Library in
He served on the board of advisors to STPI (Software Technology Parks of
India), a Government of India organisation to set up a
He is also on the Channel Advisory Board of Cisco Systems for Strategy in the
APAC region.
Uttam is an Engineer in Electronics and Communications and possess several
professional qualifications. He has presented papers in various forums on
Information Security, HPC Clusters, Digitization, content creation/delivery,
and Infrastructure Management. He also has been a guest speaker in prestigious
IT and few other Industry events.
Durganadh K Venkata
Vice President – Business Development and
Operations
(B.Tech, MBA, 11 yrs of industry work
experience)
Durganadh K Venkata is an industry specialist in the area of Consultative
Selling of IT Infrastructure solutions. As Vice President for Business
Development and Operations, he is responsible for all sales, marketing and
service delivery operations for Locuz in
Durganadh joined Locuz from IBM, where he spent almost 7 years handling various
functions in the IBM Systems group and in IBM Global Services. In his final
assignment, he successfully grew the Systems (servers and storage) business for
IBM in the Telecom sector. Prior to this, he led teams and managed a
significant part of the IBM series server business. Durganadh also worked with
IBM Global Services in 2001 as a member of the Networking and IT Infrastructure
services division in
Prior to IBM, Durganadh worked with Tata Steel for 3 years and was based in
Kolkata, as part of the commodity trading team. While at Tata Steel, he carried
additional responsibilities for managing IT needs of his profit centre.
Durganadh completed
his MBA program from Indian Institute of Foreign Trade (IIFT)
Durga (as his friends
call him) is a keen reader, likes to visit new places and loves to unwind by
solving crossword and other word puzzles.
Mohd. Arifuddin
AVP – Sales – Technology Solutions.
Arif has varied sales experience
of 12 years out of which he spent about 7 years in core Technology Solution
sales. As AVP he is responsible for the sales of Technology Solutions for Locuz
in
Arif started Locuz Bangalore operations in 2002 and successfully grew the business
manifold in 4 years. He also steered the Pune team to achieve similar success
last year. In his most recent assignment, Arif led the Locuz business for the
Education and Research vertical. During the last 2 years, Arif and his team
made Locuz a formidable player in the country and a partner of choice for
almost all technology vendors in this space.
Arif is an avid reader and a complete cricket and movie buff. He is an MBA from
Deepak Majumdar
Chief Technology Officer
Deepak Majumdar is an accomplished techno-professional with over 10 years of
experience. As Chief Technology Officer, he is responsible for all of the high
–end consulting and professional (onsite and remote) IT Management services for
Locuz.
Till recently, he was also in-charge of all Service Delivery operations for
Locuz and successfully groomed the delivery organization to execute some of the
most challenging projects in the country.
Deepak is a role model and an inspiration for the tech-specialists community in
Locuz. From very modest roots as Mathematics graduate, Deepak learnt the
technology ropes very quickly to emerge as a champion in architecting,
implementing and trouble-shooting any piece of enterprise technology.
Deepak is a holiday lover and takes special interest in trekking.
Asit Sahoo.
Chief Consultant.
Asit Sahoo heads the technology
and delivery for the High Performance Computing practice at Locuz. He played a
pivotal role in architecting and implementing large HPC clusters at CDFD and
NCBS. He has indepth understanding of complete HPC solution stack and is
regarded by many large users in the HPC community as a champion on the subject.
Prior to this, Asit led the service delivery operations for
Asit is person with unwavering commitment. Though a commerce graduate, his
command on the subject combined with over 14 years of rich experience continues
to inspire the growing talent at Locuz.
Awards and Accolades
Ř
Innovation Award for Remote HPC Management SUN Technovate May 2007
Ř
Best Partner award for being the largest in the EandR space SUN
Microsystems Aug 2007
Ř
Special Jury Award for Best Storage Implementation DQ Channels Jan
2008
Ř
Top Partner Award for growth in commercial space Cisco Systems Feb
2008
Ř
Fast Track 100 Honoree for the fastest growth in the business
Channel World Apr 2008
Ř
Information Infrastructure Award for Specialisation and Focus in
Storage Solutions EMC Apr 2008
Achievements
Locuz
received several awards and accolades from firms like CISCO and Sun
Microsystems among others, for implementing prestigious projects at CDFD,
Satyam/ BSNL,
Organizations today
are racing ahead to invest in new and emerging technologies to keep up with the
Business Service challenges. However, in their efforts to streamline operations
and improve customer service levels, they find themselves grappling with increasingly
complex silos of IT infrastructure. The need is for an Adaptive Enterprise
Infrastructure and for a partner who has deep understanding of the Business
environment and methodologies for an Adaptive Enterprise.
They have built their methodologies for delivering SOI and SOM in
distinct ways for various industries their customers may represent. Their belief is SOI and SOM are the only channels to build and manage an
Adaptive Enterprise Infrastructure and keep technology business aligned.
Information Infrastructure should
provide enterprises with uninterrupted access to their business-critical
information-utilizing a combination of technology, redundant infrastructure,
technical expertise and being Business Centric. And it's their
This complex activity requires a mix-and-match of several distinct
technologies, with the objective of providing compatibility and
interoperability among different equipment and services. Within Locuz, they
have developed the various methodologies and practices needed to successfully
manage systems integration.
More importantly, Locuz system integration services provide its clients with
single-point accountability for end-to-end specification, procurement,
development, test, implementation, operations, and maintenance of business
solutions for an end-user requirement.
Locuz success hinges on their ability to offer
services that are Business Centric and stems from the fact that they anticipate
and meet changes in technology and customer demands. Today it is no longer
sufficient to just protect the data behind a given process. To keep a
competitive advantage, organizations must keep people and information
continuously connected.
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
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
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.45 |
|
|
1 |
Rs.72.91 |
|
Euro |
1 |
Rs.61.43 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
47 |
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 |
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 |
|
- |
NB |
New Business |
- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.