MIRA INFORM REPORT

 

 

Report Date :

31.01.2011

 

IDENTIFICATION DETAILS

 

Name :

AURIONPRO SOLUTIONS, INC

 

 

Registered Office :

2410 Camino Ramon, #339, San Ramon, Ca, 94583

 

 

Country :

United States 

 

 

Date of Incorporation :

07.11.2005

 

 

Legal Form :

Corporation for Profit

 

 

Line of Business :

Provider of Banking and Payment solutions, consulting services and outsourcing services

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Maximum Credit Limit :

1,000 000 USD.

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

 

 

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 – June 30, 2010

 

Country Name

Previous Rating

                   (01.04.2010)                  

Current Rating

(30.06.2010)

United States 

a1

a1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

GEOPOLITICS - UNITED STATES

 

POLITICAL DATA

ECONOMIC DATA

Form of Government: Federal

 

Economic Risk: Nil

Currency: USD


Branch Situation: Stable

 

 

IDENTIFICATION

 

Ordered as:

Aurionpro Solutions Inc

Address in the order:

United States

Comments on data supplied:

Dear client,

Your request was on Aurionpro Solutions Inc located in the USA.

We found the company Aurionpro Solutions Inc headquartered in California.

Legal Name:

AURIONPRO SOLUTIONS, INC

Legal Address

2410 CAMINO RAMON, #339, SAN RAMON, CA, 94583

Telephone:

+1 (925)-242-07 77

Document Number :

0838825

Fax:

+1 (925)-242-07 78

Legal Form:

Corporation for Profit

Email:

info-usa@aurionpro.com

Registered in:

Connecticut

Website:

www.aurionpro.com

Date Created:

1997

Manager:

Mr. Banesh Prabhu, Chairman

Date Incorporated:

November 07th, 2005

Staff:

150 employees

Stock:

NA

 

 

Value:

NA

Activity:

Provider of Banking and Payment solutions, consulting services and outsourcing services.

 

 

BANKS

 

Name of the Bank

BRIDGE BANK NATIONAL

 

 

BUSINESS

 

HISTORY

 

AURIONPRO SOLUTIONS, INC is a private company created in 1997.

PRINCIPAL ACTIVITY

 

AURIONPRO SOLUTIONS, INC delivers comprehensive solutions to streamline corporate banking, treasury, fraud prevention and risk management, governance and compliance, and more. AurionPro completed one of the first commercial Check 21 deployments. 

Products/Services description:

 

The company provides the following services:

Banking and payments services:

- Retail Banking Software Solutions

- Corporate Banking Software Solutions

- Treasury Software Solution

- Risk Management Software Solutions

- Payments Solutions

 

Consulting Services:

- Enterprise Solutions

- Web Solutions

- Performance Assurance

- Business Intelligence and Analytics (BI)

- Professional Services

 

Outsourcing services:

- Outsourced Product Development

- Application Development and Maintenance

- Software Quality Assurance

Clients:

 

Banks and Financial Institutions all over the world.

Operations area:

 

National, International

Trade References:

 

- Oracle Partner Network.

- Microsoft Partner Network

- OMNIMax India Pvt Ltd

The subject employs 150 employee(s)

PAYMENTS

 

Regular

LOCATION

Headquarters

 

The company is headquartered at 2410 Camino Ramon #339, San Ramon, CA 94583

 

Business Overview:

 

Demand for banking services is closely tied to economic activity and the level of interest rates. The profitability of individual banks depends on marketing skills, efficient operations, and good risk management. Large economies of scale exist in some segments of the industry, which has encouraged industry consolidation. Smaller banks can compete successfully in segments where customer service or knowledge of the local market is more important.

 

 

Shareholders - Manager - Related Companies

 

Listed at the stock exchange:

 

NO

Shareholders Parent Company(ies):

 

The company is a subsidiary of AurionPro Solutions Limited headquartered in India:

404, Winchester, High Street,

Hiranandani Business Park, Powai,

Mumbai- 400 076

MH  INDIA

Phone: +91-22-6770 7700 / 7701

Fax: +91-22-6770 7722

E-mail: info@aurionpro.com

Management:

 

Mr. Banesh Prabhu Chief Executive Officer & Chairman

Mr. Sanjay A. Desai  Executive Chairman

Mr. Amit R. Sheth  Managing Director

Mr. Paresh C. Zaveri  Director

Samir Shah, Managing Director, North America

Robert Levine, Global Head, IAM and Security Business Unit

Jonathan Bank, Global Head, ECM Business Unit, SVP Marketing

Related Companies:

 

- Bangalore

AurionPro Solutions Limited,

- Singapore

AurionPro Solutions Pte. Ltd.

- Australia

AurionPro Solutions Pty Ltd.

SENA Systems

 

 

Financials - COMMERCIAL TRENDS AND FORECAST

 

As a private company the subject does not publish any financial statements.

However our financial sources could provide us with the following data.

 

Those figures are estimates provided by confidential banking and financial institutions working with the company.

 

Currency

DATE

USD

2009

Turnover

30,000,000

The cash flow is

Normal

 

Legal Fillings

There is one UCC files listed with the Secretary of State of California.

Filing Number:  0002700632

Filing Date:  06-18-2009

Filing Jurisdiction:  CONNECTICUT

Filing Location:  UCC COMMERCIAL RECORDING DIVISION

30 TRINITY ST HARTFORD  CT   06106

Filing History:  Filing Type Filing Date

INITIAL FILING 06-18-2009

 

Secured Party:  BRIDGE BANK, NATIONAL ASSOCIATION

Secured Party Address:  55 ALMADEN BLVD

SAN JOSE  CA   95113- 1608

 

Debtor:  AURIONPRO SOLUTIONS, INC.

Debtor Address:  2410 CAMINO RAMON STE 339

SAN RAMON  CA   94583- 4318

 

There are no legal filings listed with the District Court.

 

THE COMPANY IS NOT LISTED ON THE OFAC LIST.*

 

For information:

 

* The Specially Designated Nationals (SDN) List is a publication of OFAC which lists individuals and organizations with whom United States citizens and permanent residents are prohibited from doing business.

** The Uniform Commercial Code (UCC) is one of a number of uniform acts that have been promulgated in conjunction with efforts to harmonize the law of sales and other commercial transactions in all 50 states within the United States of America. 

 

The UCC deals primarily with transactions involving personal property (movable property), not real property (immovable property).

 

It allows a creditor to notify other creditors about a debtor’s assets used as collateral for a secured transaction by filing a public notice (financing statement) with a particular filing office.

 

The Uniform Commercial Code Bureau files and maintains on financial obligations (including IRS liens) incurred by individuals (in business as a sole proprietor), business entities and corporations.

 

 

Rating

 

Local credit bureau gave a good credit rate.

 

The company is in Good Standing. This means that all local and federal taxes were paid on due date.

 Final Opinion

 

This is a medium company with several years in the business.

 

The cash flow is normal.

 

The profitability is correct and the payment trend remains regular.

 

The company's income is above average for its size.

 

Furthermore, its debt level is controlled

 

The business inspires confidence.

 

At this time, we believe that the company can bear a credit line in a range of 1,000 000 USD.

 

The business connection can be conducted.



SUMMARY

 


FINANCIAL SUMMARY


DEBT COLLECTIONS AND PAYMENTS

Profitability

CORRECT

Public Records

NO

Indebtedness

CONTROLLED

Payments

REGULAR

Cash

NORMAL

 

 

 

 

APPENDIX

 

Comments

 

We called the company for several times nobody picked up.

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.45.74

UK Pound

1

Rs.72.73

Euro

1

Rs.62.73

 

 

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

 

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%)

 

 

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.