MIRA INFORM REPORT

 

 

Report Date :

27.11.2012

 

IDENTIFICATION DETAILS

 

Name :

BENAKA SERVICES

 

 

Registered Office :

Golden Squar Business Center, 102 Eden Park, Vittal Mallya Road, Bangalore – 560001, Karnataka 

 

 

Country :

India

 

 

Year of Establishment :

2012

 

 

Capital Investment/ Paid-up Capital:

Not Divulged

 

 

Legal Form :

Not Divulged

 

 

Line of Business :

Consultancy and Trading activity in I.T Services management, project management, quality management, security management, technology learning etc.

 

 

No. of Employees:

Not Divulged

 

 

RATING & COMMENTS

 

MIRA’s Rating :

NB

 

RATING

STATUS

PROPOSED CREDIT LINE

 

NB

NEW BUSINESS

 

 

Status :

New Business

 

 

Payment Behaviour :

Unknown

 

 

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, 2012

 

Country Name

Previous Rating

(31.03.2012)

Current Rating

(30.06.2012)

India

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

INDIAN ECONOMIC OVERVIEW

 

India is developing into an open-market economy, yet traces of its past autarkic policies remain. Economic liberalization, including industrial deregulation, privatization of state-owned enterprises, and reduced controls on foreign trade and investment, began in the early 1990s and has served to accelerate the country's growth, which has averaged more than 7% per year since 1997. India's diverse economy encompasses traditional village farming, modern agriculture, handicrafts, a wide range of modern industries, and a multitude of services. Slightly more than half of the work force is in agriculture, but services are the major source of economic growth, accounting for more than half of India's output, with only one-third of its labor force. India has capitalized on its large educated English-speaking population to become a major exporter of information technology services and software workers. In 2010, the Indian economy rebounded robustly from the global financial crisis - in large part because of strong domestic demand - and growth exceeded 8% year-on-year in real terms. However, India's economic growth in 2011 slowed because of persistently high inflation and interest rates and little progress on economic reforms. High international crude prices have exacerbated the government's fuel subsidy expenditures contributing to a higher fiscal deficit, and a worsening current account deficit. Little economic reform took place in 2011 largely due to corruption scandals that have slowed legislative work. India's medium-term growth outlook is positive due to a young population and corresponding low dependency ratio, healthy savings and investment rates, and increasing integration into the global economy. India has many long-term challenges that it has not yet fully addressed, including widespread poverty, inadequate physical and social infrastructure, limited non-agricultural employment opportunities, scarce access to quality basic and higher education, and accommodating rural-to-urban migration.

Source : CIA

 

 

RBI DEFAULTERS’ LIST STATUS

 

Subject’s name is not enlisted as a defaulter in the publicly available RBI Defaulters’ list.

 

EPF (Employee Provident Fund) DEFAULTERS’’ LIST STATUS

 

Subject’s name is not enlisted as a defaulter in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of 31-03-2012.

 

LOCATIONS

 

Registered Office :

Golden Squar Business Center, 102 Eden Park, Vittal Mallya Road, Bangalore – 560001, Karnataka, India

Tel. No.:

91-80-42161159

91-80-49016368

Mobile No.:

91-98458 42962 (Mr. Chandra M.R.)

E-mail :

askus@benakservices.com

 


 

SOLE PROPRIETOR/PARTNERS

 

Not Divulged

 

KEY EXECUTIVES

 

Name :

Mr. Chandra M.R

Designation :

Chief Executive Officer

 

 

BUSINESS DETAILS

 

Line of Business :

Consultancy and Trading activity in I.T Services management, project management, quality management, security management, technology learning etc.

 

 

 

 

GENERAL INFORMATION

 

 

 

No. of Employees :

Not Divulged

 

 

Bankers :

Not Divulged

 

 

 

 

 

Banking Relations :

--

 

 

Auditors :

Not Divulged

 

 

CAPITAL STRUCTURE

 

 

 

Capital Investment :

 

Owned :

Not Divulged

Borrowed :

Not Divulged

Total :

Not Divulged

 

 

FINANCIAL DATA

[all figures are in Rupees Millions]

 

Not Divulged

 

Note : Sole Proprietory and Partnership concerns are exempted from filing their financials with the Government Authorities or Registry.

 

LOCAL AGENCY FURTHER INFORMATION

 

 

Check List by Info Agents

Available in Report [Yes/No]

Year of Establishment

Yes

Locality of the Firm

Yes

Constitution of the firm

No

Premises details

No

Type of Business

Yes

Line of Business

Yes

Promoters background

No

No. of Employees

No

Name of Person Contacted

No

Designation of contact person

No

Turnover of firm for last three years

No

Profitability for last three years

No

Reasons for variation <> 20%

-

Estimation for coming financial year

No

Capital the business

No

Details of sister concerns

-

Major Suppliers

No

Major Customers

No

Payment Terms

No

Export / Import Details [If Applicable]

No

Market Information

-

Litigations that the firm / promoter involved in

-

Banking Details

No

Banking Facility Details

No

Conduct of the banking account

-

Buyer visit details

-

Financials, if provided

No

Incorporation details, if applicable

No

Last accounts filed at ROC

No

Major Shareholders, if applicable

No

Date of Birth of Proprietor/Partner/Director, if available

No

PAN of Proprietor/Partner/Director, if available

No

Voter ID No of Proprietor/Partner/Director, if available

No

External Agency Rating, if available

No

 

AS PER WEB SITE DETAILS

 

Benaka Centre Of Excellence (BCOE) is formed in the year 2012 with the objective, to assist individuals and entity to fulfill their aspiration of achieving excellence, through best practices approach.  Them strives to make the learning experience effective and fruitful for the aspirants, thus empowering the participant to implement the knowledge gained successfully.  Them are the firm believers of  ”Knowledge is Power”, and demonstrating the knowledge is applying the power to become successful, which is in terms called as empowerment.

 

Their services cater to Consultancy and Training in,

·         IT Service Management

·         Project Management

·         Quality Management

·         Information Security Management

·         Technology learning

 

Training Schedule

 

 ITIL Foundation Training  – Date: 15th and 16th Dec 2012

 

Project Management Professional (PMP) - Date: 27th to 30th Dec 2012

 

Check respective section tab above for details.

 

Hurry up. Few seats available. Grab the opportunity now

 

IT SERVICE MANAGEMENT

 

ITIL is the most widely accepted approach to IT service management in the world. ITIL provides a cohesive set of best practice, drawn from the public and private sectors internationally.  The Information Technology Infrastructure Library (ITIL), is a set of practices for IT Service Management (ITSM) that focuses on aligning IT services with the needs of business. In its current form, ITIL is published in a series of five core publications, each of which covers an ITSM lifecycle stage.  ITILv3 underpins ISO/IEC 20000, the International Service Management Standard for IT service management, although differences between the two frameworks do exist.

 

ITIL Qualification Scheme:

The ITIL Qualifications scheme provides a modular approach to the ITIL framework, and is comprised of a series of qualifications focused on different aspects of ITIL Best Practice, to various degrees of depth and detail.  These are the levels of qualifications within the scheme:

 

The modular, tiered structure of the qualification not only offers candidates the flexibility in relating to the different disciplines and areas of ITIL, but generally makes ITIL qualifications more accessible and achievable.

The Foundation Level is the entry level qualification which offers candidates a general awareness of the key elements, concepts and terminology used in the ITIL Service Lifecycle, including the linkages between Lifecycle stages, the processes used and their contribution to Service Management practices.

 

PROJECT MANAGEMENT

 

Project management is the discipline of planning, organizing, securing, managing, leading, and controlling resources to achieve specific goals. The primary challenge of project management is to achieve all of the project goals and objectives while honoring the preconceived constraints. The primary constraints are scope, time, quality and budget. The secondary —and more ambitious— challenge is to optimize the allocation of necessary inputs and integrate them to meet pre-defined objectives.

 

Them offer the trainings which are recognized across the industry in the world.   That is PMP and Prince 2

 

PMI’s Project Management Professional (PMP)® credential is the most important industry-recognized certification for project managers. Globally recognized and demanded, the PMP® demonstrates that you have the experience, education and competency to lead and direct projects.

 

PRINCE2® (PRojects IN Controlled Environments), is a widely used project management method that navigates you through all the essentials for running a successful project.

 

CLOUD COMPUTING

 

Cloud Computing is a technology that uses the internet and central remote servers to maintain data and applications. Cloud computing allows consumers and businesses to use applications without installation and access their personal files at any computer with internet access. This technology allows for much more efficient computing by centralizing data storage, processing and bandwidth. Them offer the trainings which are recognized across the industry in the world.

 

Cloud Computing is all about providing IT related services through the internet.  Cloud Computing has the potential of significantly increasing flexibility, efficiency, and transforming IT and its relationship to the business.  It can have a major impact on the roles and responsibilities of anyone who is involved in facilitating IT.

Cloud computing is a technology which uses internet and one remote server to maintain data and various applications. Cloud computing provides significant cost effective IT resources as cost on demand IT based on the actual usage of the customer. Due to rapid growth, many companies are unable to handle their IT requirement even after having an in-house datacenter. Cloud services helps to improve IT capabilities without investing large amounts in new datacenters. This technology helps companies with much more efficient computing by centralizing storage, memory, processing and bandwidth.

 

Cloud computing is a general term for anything that involves delivering hosted services over the Internet. These services are broadly divided into three categories: Infrastructure-as-a-Service (IaaS), Platform-as-a-Service (PaaS) and Software-as-a-Service (SaaS). The name cloud computing was inspired by the cloud symbol that’s often used to represent the Internet in flowcharts and diagrams.

 

About EXIN Cloud Computing Foundation Training Outline

 

EXIN’s Cloud Computing Foundation provides business and IT people alike with the necessary basis for taking the organization to the Cloud – while staying in control. EXIN’s Cloud Computing Foundation is focused on precisely this shift in people’s roles and responsibilities. The focus is not on Cloud technicalities but on what it means for the business and its people – and how management and stay in control. And moreover certification is given by EXIN as a truly independent validator.

 

Target group

The exam is suitable for IT managers, business managers, IT professionals and procurement specialists, who want to qualify for a role within the rapidly growing field of Cloud Computing. For organizations and trainers, EXIN Cloud Computing serves as independent certification of their own course or training.

 

Context

Cloud Computing ties in well with other EXIN examination programmes, such as IT Service Management and Information Security.

 

EXIN Cloud Computing Foundation was created in close collaboration with industry and trade organizations. The following EXIN experts have participated in the creation of Cloud Computing EXIN Foundation:

 


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 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.55.69

UK Pound

1

Rs.89.20

Euro

1

Rs.72.10

 

 

INFORMATION DETAILS

 

 

Report Prepared by :

BYI

 

 

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

-

 

 

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.