MIRA
INFORM REPORT
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Report Date : |
26.02.2011 |
IDENTIFICATION DETAILS
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Name : |
QS ADVISORY CONSULTING PRIVATE LIMITED |
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Indian Operation
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9, |
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Country : |
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Date of
Incorporation : |
Not available |
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Legal Form : |
Not available |
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Line of Business
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Providing IT related services. |
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 : |
Foreign Registered Company |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is a foreign company registered in The company can be considered for business dalings on a secured 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
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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 DECLINED BY
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Name : |
Mr. Munish Ohri |
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Designation : |
Operation Manager |
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Contact No.: |
91-9873698164 |
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Date : |
23.02.2011 |
LOCATIONS
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Indian Operation : |
9 |
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Mobile No.: |
91-9873698164 (Mr. Munish Ohri) |
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Website : |
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Head Office : |
Boulevard Saint-Michel,
47 |
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Tel. No.: |
+3224020005 |
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Fax No.: |
+32 2 400 00 32 |
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E-Mail : |
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Tel. No.: |
+44 (0)20 85638297 |
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Fax No.: |
+44 (0)20 85638297 |
DIRECTORS
Not Divulged
BUSINESS DETAILS
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Line of Business : |
Providing IT related services. |
GENERAL INFORMATION
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Bankers : |
Not Divulged |
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Facilities : |
-- |
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Banking
Relations : |
-- |
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Associates/Subsidiaries : |
NA |
CAPITAL STRUCTURE
Not Divulged
FINANCIAL DATA
[all figures are
in Rupees Millions]
Not Divulged
LOCAL AGENCY FURTHER INFORMATION
Website Details:
History
The foundation
QS Advisory came into being in April 2009, when the four co-founders from EquaTerra and TPI recognised the increasing demand for offshoring and global sourcing in Europe and the scope of outsourcing in emerging economies.
Why QS Advisory
The offshoring industry has developed significantly in the past few years. The acknowledgement of offshoring by global providers and the rapid expansion of Indian providers are steadily transforming offshoring into a standard delivery model.
This change in trends have led to growing demand for offshoring by the business
organisations. Recognising that most of the outsourcing advisory firms either
lacked the strategic focus on offshoring or were not structured appropriately,
QS Advisory set out to fill the gap.
The evolution
Within months of inception, QS Advisory was engaged by some
of the top organisations in Europe and
Leadership
Sridhar Vedala - Managing Director
Sridhar Vedala is the Co-founder and Managing Director of QS Advisory.
Sridhar has over 17 years of experience in the outsourcing and technology
industries. He has held senior positions globally, in companies like EquaTerra,
Oracle, Motorola and Infosys.
In 2003, Sridhar along with Ali Touré, founded an outsourcing advisory firm in
Sridhar holds a MBA degree from the Rotterdam School of Management (RSM) and
China Europe International Business School (CEIBS). He completed his Bachelor's
degree in Mechanical Engineering from Delhi College of Engineering.
Sridhar has lived and worked in the
He is based in
Ali Touré – Director
Ali Touré is the Co-founder and Director of QS Advisory. Ali
has over 13 years of experience in technology and outsourcing. Prior to
founding QS Advisory, Ali worked at EquaTerra and
In 2003, along with Sridhar, Ali co-founded an outsourcing advisory firm in
Ali holds a bachelor's degree in Biotechnology from
Ali has lived and worked in
Vikram Gulati –
Director
Vikram Gulati is the Co-founder and Director of QS Advisory. Vikram brings 20 years of hands-on experience in offshoring transition, delivery and transformation.
Previously, he was at EquaTerra, Xansa (now Steria) and TCS, where he managed
large accounts.
Vikram holds a Bachelor's degree in Computer Science and Technology from
Vikram is based in
Dvisory board
Brian Haughan
Brian Haughan is a member of the Advisory Board at QS Advisory. Prior to joining QS Advisory, Brian was a member of the executive committee at SWIFT.
He was Executive Head of Products at SWIFT, from 2007 to 2009 and Executive
Head of Customer Operations from 2004 to 2007. Brian previously consulted in
Financial Services with
Brian holds a degree in Computer Science and Business Administration, from
Their focus regions
- Luxembourg
Global sourcing theme
- In the
past few years global sourcing has emerged as a common theme for customers
across regions and industries.
At QS Advisory they recognise this trend and are organised around the global sourcing theme.
- Industry vertical expertise, regional knowledge and service expertise (BPO and ITO) embedded within a singular theme - global sourcing.
- A key value proposition, viz. global sourcing - enabling customers to plan, align and implement their sourcing initiatives in the global sourcing environment
- A deep understanding of current and emerging global sourcing trends.
- Combining in-depth understanding (adopting a practitioner's perspective) of both global and offshore vendors, to offer the most fitting advice to customers.
Collaboration
They are absolutely agnostic to providers and represent buyers' interests. However, their approach is more collaborative.
They believe that qualitative aspects, such as cost and skills offer limited insights into provider capabilities. Their approach is a balance between qualitative and quantitative aspects.
They not only evaluate capabilities of providers but also go beyond this to ensure a long term strategic alignment between their customers and providers.
Practitioner's
approach
The role of a consultant is changing from traditional advisory to a hands-on implementation approach. When it comes to global sourcing/offshoring, organisations are not just seeking 'what' information but expect advice on:
- How to offshore
- How to implement solutions - transition and transformation
- How providers - global, local and offshore are behaving and changing
- How to manage services delivery
ITO
Their advisors have been involved in off shoring for
customers in Europe and the
The expertise they have accumulated covers the entire spectrum of IT Services:
Applications Development and Maintenance
- Bespoke applications development
- Applications maintenance
- Legacy applications and migration
- Testing
Infrastructure Management Services
- Data centres
- End user computing
- Helpdesks
- Databases
- Applications maintenance
- Security services
- ERP - SAP and Oracle
- SCM
- CRM
White papers
Global Sourcing: Strategy and Implementation
As happens with any technology, there are early adopters some of who are driven by circumstance and others opportunity. This volume presents the customer view on Global Sourcing. Here, the will read the stories of some of these early adopters in their own words. In many ways, they could not be more different; they come from different industries, operate in different countries, serve different customers and have different business models. But the will also see some common threads running through all the accounts – a commitment to make global sourcing work, a willingness to jump into it without having all the answers upfront and to experiment, and a readiness to trust their partners.
Managing Offshoring Effectively
Offshoring alters the way services are delivered and necessitates effective supervision to achieve optimum results.
Managing Control Over Offshoring
Offshoring delivery models have transformed significantly from staff augmentation to managed services. Providers have matured and global sourcing service provision is highly predictable.
Global Sourcing: Opportunities and Challenges for Europe
Global sourcing is the single most important phenomenon that has changed and continues to change the course of outsourcing. What started as an effective way of leveraging low cost resources has rapidly disrupted the traditional models of service delivery. The global sourcing model is further spurring a wide array of changes within the entire outsourcing ecosystem and the future is beginning to look different. Buyers are demanding solutions on a global scale, a new provider landscape is emerging, new technology paradigms are appearing and business and engagement models are changing.
Why Offshoring is not About Destinations
In response to the growing demand for offshoring, providers are introducing changes within their organisations to capture new opportunities.
Exploding the Myths of Cultural Barriers to Offshoring
They recently conducted a study by interviewing senior management at more than 30 European organisations to understand their perspective and experience with offshoring.
Transforming Providers Landscape
Global Sourcing is gaining universal acceptance and expanding the supply chain to offshore and nearshore locations.
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 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.45.37 |
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1 |
Rs.73.24 |
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Euro |
1 |
Rs.62.68 |
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 |
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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NB |
New Business |
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This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.