MIRA
INFORM REPORT
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Report Date : |
07.12.2007 |
IDENTIFICATION
DETAILS
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Name : |
SPACE APPLICATIONS CENTRE–DIVISION OF
INDIAN SPACE RESEARCH ORGANISATIONS |
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Registered Office : |
Airport
Road, Vimanpura P. O., Bangalore – 560 017, Karnataka |
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Country : |
India |
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TAN No.: [Tax
Deduction & Collection Account No.] |
BLRI01432E |
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Legal Form : |
Part of
Department of Space, Government of India |
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Line of Business : |
Research Centre |
RATING &
COMMENTS
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MIRA’s Rating : |
A |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Satish
Dhawan Space Centre, a unit of Indian Space Research Organisation is under
the control and management of Department of Space. It is an Independent
Centre. Due to the nature of its’ operations, no detail financial and other
information can be available from any sources. However,
as it is a wholly owned department of Government of India, it can be
considered good for any normal business dealings. |
LOCATIONS
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Registered Office /Personal & General Administration : |
Airport
Road, Vimanpura P. O., Bangalore – 560 017, Karnataka, INDIA |
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Tel. No.: |
91-80-2508 4101 |
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Fax No.: |
91-80-2508 4102 |
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E-Mail : |
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Website : |
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Human
Resources : |
Tel. No.: 91-80-2508
2570 Fax No.: 91-80-2508
2571 E-Mail : hr@isac.gov.in |
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Web
Administrator |
BUSINESS DETAILS
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Line of Business : |
Research Centre |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
N.A. |
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Borrowed : |
N.A |
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Total : |
N.A. |
FINANCIAL DATA
[all figures are in Rupees Millions]
No financials are available from any sources.
LOCAL AGENCY
FURTHER INFORMATION
Subject is the lead centre for satellite building and development of state of art technologies. About 2500 personnel work in ISAC, majority of whom are highly qualified engineers and technicians. The Centre has a flexible matrix organization structure striving to ensure best possible use of expertise and resources. It is organized in to core functional R and D groups and project groups supported by specialised fabrication and testing facilities.
Five
functional areas (MSA,CMA,DCA,IPA,RCA), FACILITIES, two independent groups
(PPEG,CIG), Three Programme Management offices for spacecraft projects namely
GEOSAT, IRS&SMALL SATELLITES, ASTROSAT and an independent division (SAID) for
space science research presently constitute the core of the organisation. The
functional areas and projects report to director of the Centre Dr. K. N.
Shankara. The functional groups are supported by the administrative and
auxiliary divisions headed by controller.
The
laboratory for electro-optic systems (LEOS), working under the overall umbrella
of ISAC, carries out research and development in the field of electro optic
sensors and supplies systems required for satellites.
Subject
is the lead Centre for realization of the state of the art spacecraft, in the
application domain of Communication, Television, Remote Sensing, Meteorology,
Space Science, Interplanetary Explorations etc.
Over
the years, Subject has executed several satellite projects representing broad
spectrum of satellite technologies. Beginning with the Scientific and
application experiments, these have culminated in to operational space systems.
This centre has leap frogged in to new generation advanced versions of
satellites such as microwave remote sensing, direct broadcasting satellites,
interplanetary probes etc.
Subject
realised major programmes in the above areas and witnessed the successful
launch of INSAT-3A, INSAT-3E, GSAT–2, IRS-P6 and GSAT-3 in the year 2003.
Development efforts are underway in the arena of advanced remote sensing and
communication, Space science explorations, Lunar Mission and other operational
services and spacecraft in these areas are planned to be realized in the coming
years.
The
Government of India set up the space commission and department of space (DOS)
in 1972 to promote the development and application of space technology and
space science for the socio-economic benefit of the nation. subject, with its
headquarters also in bangalore has the following centres/units :
- Vikram Sarabhai Space Centre [VSSC],
Thiruvananthapuram, specialising in Launch Vehicle Technology
- ISRO Satellite Centre [ISAC],
Bangalore, specialising in Satellite Technology
- Space Application Centre [SAC],
Ahmedabad, specialising in Space Application Technology
- SHARE Centre, Sriharikota (Andhra
Pradesh) with facilities for supporting ISRO launch missions
- Liquid Population Systems Centre [LPSC]
with its facilities at Bangalore, Thiruvananthapuram & Mahendragiri,
specialising in the Development of Liquid Propulsion Systems for Satellite
& Launch Vehicles
- Development & Education
Communication Unit [DECU], Ahmedabad conducting research in Space
Application Programmes and their Socio-Economic Evaluation
- ISRO Telemetry, Tracking & Command
Network [ISTRAC] with its stations at Bangalore, Lucknow, Sriharikota, Car
Nicobar & Mauritius providing telemetry tracking and command support
to satellite and launch vehicle missions
- ISRO Inertial Systems Unit [IISU],
Thiruvananthapuram, specialising in the development of interical
components & systems for satellites and launch vehicles
- Master Control Facility
[MCF] at Hassan in Karnataka is responsible for the operations of INS
FACILITIES
As part of the spacecraft programmes ,Subject has established extensive facilities specific to design, fabrication, assembly and functional/environmental testing of space segment hardware, at component, subsystem and system level to meet the stringent performance specifications of such hardware at intended quality and reliability levels.
Facilities
at subject provide for spacecraft system level design, assembly, integration
and testing as well as development of structure, thermal, mechanism,
electronics, controls and electro-optical subsystems.
Association
with Industry
As a matter of policy , subject has been utilising the industrial infrastructure to a maximum extent. The structure fabrication for all the satellite projects have been provided by M/s Hindustan Aeronautics Limited. The electronic fabrication support like PCBs, electronic packages , microelectronic packaging and specialised ground equipment have been provided by M/s. Bharath Electronics Limited (BEL ), M/s Indian Telephone Industry ( ITI ) and M/s Hindustan Aeronautics Limited (HAL ), Hyderabad . Various Research Laboratories like National Aerospace Laboratory (NAL ), Indian Institute of Astrophysics ( IIAP ) and educational institutions like , Indian Institutes of Technology (IITs), Indian Universities and a number of other public sector and private sector industries have been participating in the space program by providing various services in specialised areas and technical consultancies . Indegenisation of space components / materials and promotional efforts to encourage private industries to under take development and production activities are continually pursued.
Technology Transfer.
As a part of the Subject technology transfer program , a number of technologies developed at subject have been transferred to both public and private sector industries for commercial exploitation. These include : Technologies for
- The Vertical Dynamic Balancing Machine
- The Spectroradiometer
- The Variable Angle of Incidence (VAI ) Spectrometer
- The Agrophotometer
- The Thin Film Coating Process
- The Optical Solar Reflectors (OSR )
- The Thermal Passive Cooler
- The QPSK modulator
- The Coilable Lattice Boom
The L&C Band Wide Beam Antenna have bagged the National Invention
Promotion Awards
Under the subject Technical Consultancy Services scheme, subject has been providing its expertise to Indian Industries and R and D institutions in a wide range of technological and engineering disciplines. A broad spectrum of the following consultancy services have been completed by subject
- EMI testing of equipment.
- Vibration testing of complex systems for engineering and aerospace applications.
- Evaluation of high vacuum coating plant for production of optical and electronic components.
- Torsional pendulum systems to determine the shear modules of polymers .
- Testing of terrestrial solar panels.
- Development of Hygrophotometer for instantaneous measurement of water content in tea leaves processing.
- Finite Element Analysis of shock absorbers for automobile
Goals
There are some who question the relevance of space activities in a developing nation. To them, there is no ambiguity of purpose. They do not have the fantasy of competing with the economically advanced nations in the exploration of the moon or the planets or manned space-flight. But they are convinced that if they are to play a meaningful role nationally, and in the community of nations, they must be second to none in the application of advanced technologies to the real problems of man and society.
The
primary objective of subject is to develop and operationalise indigenous
satellites and use space technology for socio-economic development of the
country.
Satish Dhawan Space Centre, SHAR
- Main launch centre of ISRO, 100 km north of Chennai.
- Processes solid propellant motors and conducts ground tests.
- Launch ranges at Thumba also for sounding rockets.
- Achievements include establishment of launch complexes for Sounding rockets, SLV- 3, ASLV and PSLV. Launch complex augmented for GSLV.
Indian space programme driven by vision of Dr Vikram Sarabhai considered as the father of Indian Space Programme.
"There are some who question the relevance of space activities in a developing nation. To them, there is no ambiguity of purpose. Company does not have the fantasy of competing with the economically advanced nations in the exploration of the moon or the planets or manned space-flight. But company is convinced that if company is to play a meaningful role nationally, and in the community of nations, company must be second to none in the application of advanced technologies to the real problems of man and society. "
- Government of India set up Space Commission and Department of
Space (DOS) in June 1972. Indian Space Research Organisation (ISRO) under
DOS executes Space programme through its establishments located
in different places in India.
- Main objective of space programme includes development of satellites, launch vehicles, Sounding Rockets and associated
ground systems.
- Crossed several major milestones.
- Experimental phase included Satellite Instructional
Television Experiment (SITE), remote sensing
application projects, satellites like Aryabhata, Bhaskara, Rohini and APPLE and launch
vehicles, SLV-3 and ASLV.
- Present operational space systems include Indian National
Satellite (INSAT) for tele-communication, television broadcasting,
meteorology and disaster warning and Indian Remote Sensing Satellite
(IRS) for resources
monitoring and management.
- Polar Satellite Launch Vehicle (PSLV) used for launching IRS
Satellites and Geosynchronous Satellite Launch Vehicle (GSLV), intended for
launching INSAT
class of satellites.
- Space Science activities include SROSS and IRS-P3 satellites, participation in international
science campaigns and ground systems like MST Radar.
- ISRO's co-operative
arrangements cover several countries and space agencies.
- ISRO provides training in
space field to personnel from other countries.
- ISRO's hardware and services available commercially through Antrix
Corporation.
Email: info@isro.org
OR
Director - Publications & Public Relations
Antariksh Bhavan
New BEL Road, Bangalore 560 094, INDIA
Phone: +91- 80-341 5275 & 341 5474
Fax: +91-80-341 2253
Programmes
Indian National
Satellite System (INSAT)
- Established in 1983 with commissioning of INSAT-1B.
- A joint venture of Department of Space (DOS), Department of
Telecommunications, India Meteorological Department, All India Radio and
Doordarshan. DOS responsible for establishment and operation of INSAT
space segment.
- INSAT space segment at present consists of INSAT-1D, last of
the INSAT-1 series launched in 1990 and three ISRO-built satellites, INSAT-2A launched in
July 1992, INSAT-2B
launched in July 1993 and INSAT-2C
launched on December 7, 1995.
- INSAT-2DT acquired from ARABSAT.
- INSAT-2E
launched on April 3,1999.
- ISRO has leased eleven 36 MHz equivalent units of C-band
capacity on board INSAT-2E
to INTELSAT organisation
- INSAT-3B
launched on March 22nd 2000.
- INSAT-3C
launched on January 24th 2002.
- INSAT-3A
launched on April 10th 2003.
- INSAT-3E
launched on September 28th 2003.
Indian Remote Sensing
Satellite (IRS) System
- Commissioned with the launch of IRS-1A in March 1988
- IRS system under National Natural Resources Management System (NNRMS)
coordinated at national level by the Planning Committee of NNRMS
(PC-NNRMS).
- At present has four satellites, IRS-1B launched in August 1991,
IRS-1C launched in December 1995 and IRS-1D launched on September
29,1997.
- IRS-P3 and
IRS-1D launched by India's Polar Satellite Launch Vehicle (PSLV).
- OCEANSAT-1 with
an Ocean Colour Monitor (OCM) and a Multi-frequency Scanning Microwave
Radiometer (MSMR) launched by PSLV-C2.
- RESOURCESAT-1
for agricultural applications launched by PSLV-C5.
- CARTOSAT-1
with a Very High Resolution Panchromatic camera for cartographic
applications launched by PSLV-C6
- Data from IRS satellites received and processed by the National Remote Sensing Agency, Hyderabad.
- SI a US Company also receives and markets IRS data worldwide
under a commercial contract with Antrix
Corporation of the Department of Space.
Stretched Rohini
Satellite Series (SROSS)
- 113 kg SROSS-C2 satellite, launched by ASLV-D4 on May 4, 1994 carries two scientific payloads, a Gamma-Ray Burst (GRB) experiment and a Retarding Potential Analyser (RPA). A similar satellite, SROSS-C had been launched by ASLV-D3 in May 1992. SROSS-C2 is in service.
Polar Satellite
Launch Vehicle (PSLV)
- Developmental flights completed with successful third
developmental launch in March 1996.
- Now available for launching 1,000-1,200 kg class of remote
sensing satellites into polar sun-synchronous orbit. IRS-1D launched on
September 29,1997.
- IRS-P4(OCEANSAT) and two small satellites (KITSAT of Korea and
TUBSAT of Germany) launched on on May 26,1999 by PSLV-C2.
- PSLV-C3
launched three satellites -- Technology Experiment Satellite (TES) of
ISRO, BIRD of Germany and PROBA of Belgium - into their intended orbits on
October 22, 2001.
- ISRO's Polar Satellite Launch Vehicle, PSLV-C4 launched KALPANA-1 satellite
on September 12, 2002.
- ISRO's Polar Satellite Launch Vehicle, PSLV-C5 launched RESOURCESAT-1 (IRS-P6)
satellite on October 17, 2003.
- ISRO's Polar Satellite Launch Vehicle, PSLV-C6 launched CARTOSAT-1 and HAMSAT satellites on
May 5, 2005.
Geosynchronous
Satellite Launch Vehicle (GSLV)
- For launching 2,000 kg class of communication satellites into
geosynchronous transfer orbit.
- A three stage vehicle; first stage is a 129 tonne solid propellant
core motor with four liquid propellant strap-ons with 40 tonne propellant
each, second stage is a liquid propulsion system with 37.5 tonne
propellant and a cryogenic upper stage with 12 tonne of liquid oxygen and
liquid hydrogen.
- First developmental flight GSLV-D1 completed
with successful launch on April 18, 2001.
- Second developmental flight GSLV-D2 launched GSAT-2
satellite on May 8, 2003.
- First operational flight of GSLV (GSLV-F01) and
the third in the GSLV series launched EDUSAT satellite on
September 20, 2004.
Milestones:
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2005 |
Successful launch of INSAT-4A by Ariane from Kourou French Guyana,
(December 22, 2005). ISRO's Polar Satellite Launch Vehicle, PSLV-C6, successfully launched CARTOSAT-1 and HAMSAT satellites from Sriharikota(May 5, 2005). |
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2004 |
The first operational flight of GSLV (GSLV-F01) successfully launched EDUSAT from SDSC SHAR, Sriharikota (September 20, 2004) |
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2003 |
ISRO's Polar Satellite
Launch Vehicle, PSLV-C5, successfully launched RESOURCESAT-1 (IRS-P6)
satellite from Sriharikota(October 17, 2003). Successful
launch of INSAT-3E by Ariane from Kourou French Guyana, (September 28, 2003).
The Second
developmental launch of GSLV-D2 with GSAT-2 on board from Sriharikota (May 8,
2003). Successful
launch of INSAT-3A by Ariane from Kourou French Guyana, (April 10, 2003). |
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2002 |
ISRO's Polar
Satellite Launch Vehicle, PSLV-C4, successfully launched KALPANA-1 satellite from
Sriharikota(September 12, 2002). Successful
launch of INSAT-3C by Ariane from Kourou French Guyana, (January 24, 2002). |
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2001 |
ISRO's Polar
Satellite Launch Vehicle, PSLV-C3, successfully launched three satellites --
Technology Experiment Satellite (TES) of ISRO, BIRD of Germany and PROBA of
Belgium - into their intended orbits (October 22, 2001). The first
developmental launch of GSLV-D1 with GSAT-1 on board from Sriharikota (April
18, 2001) |
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2000 |
INSAT-3B, the first satellite in the third generation INSAT-3 series, launched by Ariane from Kourou French Guyana, (March 22, 2000). |
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1999 |
Indian Remote
Sensing Satellite, IRS-P4 (OCEANSAT), launched by Polar Satellite Launch Vehicle
(PSLV-C2) along with Korean KITSAT-3 and German DLR-TUBSAT from Sriharikota INSAT-2E, the
last satellite in the multipurpose INSAT-2 series, launched by Ariane from
Kourou French Guyana, (April 3, 1999). |
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1998 |
INSAT system capacity augmented with the readiness of INSAT-2DT acquired from ARABSAT (January 1998). |
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1997 |
INSAT-2D,
fourth satellite in the INSAT series, launched (June 4, 1997). Becomes
inoperable on October 4, 1997. First
operational launch of PSLV with IRS-1D on board |
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1996 |
Third developmental launch of PSLV with IRS-P3 on board (March 21, 1996). Satellite placed in polar sunsynchronous orbit. |
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1995 |
Launch of
third operational Indian Remote Sensing Satellite, IRS-1C (December 28,
1995). INSAT-2C, the third
satellite in the INSAT-2 series, launched (December 7, 1995). |
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1994 |
Second
developmental launch of PSLV with IRS-P2 on board (October
15, 1994). Satellite successfully placed in polar sunsynchronous orbit.
Fourth
developmental launch of ASLV with SROSS-C2 on board (May 4,
1994). Satellite placed in orbit. |
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1993 |
First
developmental launch of PSLV with IRS-1E on board (September 20,
1993). Satellite could not be placed in orbit. INSAT-2B, the
second satellite in the INSAT-2 series, launched (July 23, 1993). |
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1992 |
INSAT-2A,
the first satellite of the
indigenously-built second-generation INSAT series, launched (July 10,
1992). Third
developmental launch of ASLV with SROSS-C on board
(May 20, 1992). Satellite placed in orbit. |
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1991 |
Second operational Remote Sensing satellite, IRS-1B, launched (August 29, 1991). |
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1990 |
INSAT-1D launched (June 12, 1990). |
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1988 |
INSAT-1C
launched (July 21, 1988). Abandoned in November 1989. Second
developmental launch of ASLV with SROSS-2 on board (July
13, 1988). Satellite could not be placed in orbit. Launch of
first operational Indian Remote Sensing Satellite, IRS-1A (March 17, 1988). |
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1987 |
First developmental launch of ASLV with SROSS-1 satellite on board (March 24, 1987). Satellite could not be placed in orbit. |
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1984 |
Indo-Soviet manned space mission (April 1984). |
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1983 |
INSAT-1B,
launched (August 30, 1983). Second developmental
launch of SLV-3. RS-D2 placed in orbit (April 17, 1983). |
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1982 |
INSAT-1A launched (April 10, 1982). |
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1981 |
Bhaskara-II
launched (November 20, 1981). APPLE,
an experimental geo-stationary communication satellite successfully
launched (June 19, 1981). RS-D1 placed
in orbit (May 31, 1981) First
developmental launch of SLV-3. |
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1980 |
Second Experimental launch of SLV-3, Rohini satellite successfully placed in orbit. (July 18, 1980). |
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1979 |
First
Experimental launch of SLV-3 with Rohini Technology Payload on
board (August 10, 1979). Satellite could not be placed in orbit. Bhaskara-I, an
experimental satellite for earth observations, launched (June 7, 1979). |
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1977 |
Satellite Telecommunication Experiments Project (STEP) carried out. |
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1975-1976 |
Satellite Instructional Television Experiment (SITE) conducted. |
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1975 |
ISRO First Indian Satellite, Aryabhata, launched (April 19, 1975). Becomes Government Organisation (April 1, 1975). |
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1972-1976 |
Air-borne remote sensing experiments. |
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1972 |
Space Commission and Department of Space set up |
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1969 |
Indian Space Research Organisation (ISRO) formed under Department of Atomic Energy (August 15, 1969). |
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1968 |
TERLS dedicated to the United Nations (February 2, 1968). |
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1967 |
Satellite Telecommunication Earth Station set up at Ahmedabad. |
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1965 |
Space Science & Technology Centre (SSTC) established in Thumba. |
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1963 |
First sounding rocket launched from TERLS |
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1962 |
Indian National Committee for Space Research (INCOSPAR) formed by the Department of Atomic Energy and work on establishing Thumba Equatorial Rocket Launching Station (TERLS) started. |
ISRO Inertial Systems Unit (IISU)
- Carries out development of inertial sensors and systems for satellites and launch vehicles covering navigation systems, satellite inertial systems, bearing and space tribology and inertial systems integration and simulation.
- Facilities include precision fabrication, assembly, integration and testing.
- Achivements include development of inertial systems for ISRO launch vehicles and satellites, solar array drive assemblies, scanning mechanisms, etc.
- Currently engaged in development of Inertal Navigation System for PSLV, GSLV, INSAT and IRS satellites.
Press Release:
April 12, 2007
ISRO, along with Astronautical Society of India (ASI), will select 50 Indian students who will be sponsored as Student Delegates to the International Astronautical Congress (IAC-2007), which is being hosted by ASI and ISRO at Hyderabad, during September 23-28, 2007. The congress is organised by the International Asronautical Federation in cooperation with the International Academy of Astronautics and International Institute of Space Law. It is a prestigious International Space Event attended by about 2000 delegates from Space Agencies, industries, academia and international organisations.
Students studying in 11th and 12th Standard/Pre-University,
under-graduate students who have already completed their first year in Science,
Engineering or Law Courses and post graduate students of science, engineering
and law will be eligible for selection.
November 15, 2007
ISRO has achieved a significant milestone through the successful test of indigenously developed Cryogenic Stage, to be employed as the upper stage of India's Geosynchronous Satellite Launch Vehicle (GSLV). The test was conducted for its full flight duration of 720 seconds today (November 15, 2007) at Liquid Propulsion test facility at Mahendragiri, in Tamil Nadu. With this test, the indigenous Cryogenic Upper Stage has been fully qualified on the ground. The flight stage is getting ready for use in the next mission of GSLV (GSLV-D3) in 2008.
It may be recalled that a ground test for 480 seconds of the complete stage was conducted on August 4, 2007.
The indigenous Cryogenic Upper Stage (CUS) is powered by a regeneratively cooled cryogenic engine, which works on staged combustion cycle developing a thrust of 69.5 kN in vacuum. The other stage systems include insulated propellant tanks, booster pumps, inter-stage structures, fill and drain systems, pressurisation systems, gas bottles, command block, igniters, pyro valves and cold gas orientation and stabilisation system. Liquid Oxygen (LOX) and Liquid Hydrogen (LH2) from the respective tanks are fed by individual booster pumps to the main turbo-pump, which rotates at 39,000 rpm to ensure a high flow rate of 16.5 kg/sec of propellants into the combustion chamber. The main turbine is driven by the hot gas produced in a pre-burner. Thrust control and mixture ratio control are achieved by two independent regulators. LOX and Gaseous Hydrogen (GH2) are ignited by pyrogen type igniters in the pre-burner as well as in the main and steering engines.
Apart from the complexities in the fabrication of stage tanks, structures, engine and its sub-systems and control components, CUS employs special materials like Aluminum, Titanium, Nickel and their alloys, bi-metallic materials and polyimides. Stringent quality control and elaborate safety measures have to be ensured during assembly and integration.
Liquid Propulsion Systems Centre (LPSC) is the lead centre for the development of Cryogenic Upper Stage with the involvement of Vikram Sarabhai Space Centre (VSSC) and other ISRO centres as well as several industries, both in public and private sector.
The successful ground test of the indigenous Cryogenic Upper
Stage for the full flight duration has validated the design robustness and
performance adequacy for its use in GSLV.
Space Applications Centre (SAC)
- Conducts space applications research and
development in satellite communication and remote sensing.
- Design and build communication, remote
sensing and meteorological satellite payloads and satellite communication
earth station equipment.
- Facilities include mechanical
fabrication, electronic fabrication, payload fabrication, MIC fabrication
and enviromental tests. Also operates Delhi earth station for satellite
communication.
Achievements include development of communication and meteorogical
payloads for INSAT and camera payloads for IRS satellite.
- Currently engaged in development of
INSAT communication and meteorological payloads and camera for irs
satellite.
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. 39.47 |
|
UK Pound |
1 |
Rs. 80.09 |
|
Euro |
1 |
Rs. 57.65 |
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 |
|