MIRA
INFORM REPORT
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Report Date : |
05.04.2008 |
IDENTIFICATION
DETAILS
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Name : |
STRUCTURAL ENGINEERING RESEARCH CENTRE |
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Registered Office : |
Taramani Chennai 600113 Tamilnadu |
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Country : |
India |
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Year of Establishment: |
1942 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
CHES01261B |
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Legal Form : |
Government of India registered Society funded by Government. |
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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 : |
Subject is a well established and reputed research centre. Trade
relations are fair. Business is active. Payments are reported as usually
correct and as per commitments. The concern can be considered good for normal business dealings. |
LOCATIONS
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Registered Office : |
CSIR Campus, Taramani, Chennai
600113 |
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Tel. No.: |
91-44-2254-2139 91-11-2254-2175 |
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Fax No.: |
91-44-2254-1508 / 2254-1973 |
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E-Mail : |
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Website : |
www.sercm.org |
MANAGEMENT
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Name : |
N Subramanian |
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Designation : |
Director |
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Tel No: |
91-44-22542139 / 22549201 / 22434028 |
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Email: |
psdir@sercm.org |
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Name : |
Dr. CV Vaidyanath |
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Designation : |
Scientist |
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Tel No: |
91-44-22542786 / 22549203 / 24430230 |
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Email: |
cvv@sercm.org |
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Name : |
Dr. DS Ramachandramurthy |
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Designation : |
Scientist |
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Address : |
91-44-22542991 / 22549135 / 24911113 |
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Email: |
rmurthy@sercm.org |
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Name : |
Dr. Nagesh I Iyer |
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Designation : |
Scientist |
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Tel No: |
91-44-22541070 / 22549204 / 224420701 |
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Email: |
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Name: |
Mr. R. Jayaram |
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Designation: |
Scientist |
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Tel No: |
91-44-22541136 / 22549179 / 24482799 |
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Name: |
Dr. S. Seetharaman |
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Designation: |
Scientist |
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Tel No: |
91-44-22549140 / 24425285 |
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Email: |
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Name: |
Sr. S. Arunachalam |
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Designation: |
Scientist |
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Tel No: |
91-44-22541605 / 22549158 / 24452336 |
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Email: |
sarun@sercm.org |
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Name: |
Dr. K Ravisankar |
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Designation: |
Scientist |
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Tel No: |
91-44-22541489 / 22549185 / 22475286 |
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Email: |
kravi@sercm.org |
BUSINESS DETAILS
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Line of Business : |
Research Centre |
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Products : |
v Sponsored
Projects v Grant In Aid
Projects v Consultancy Projects v Tower Testing
Services v Technical
Services v Release Of
Technology / Know How v Release Of
Software Packages |
GENERAL
INFORMATION
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Bankers : |
State Bank of India, Adyar, Chennai 600020 |
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Banking
Relations : |
Satisfactory |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Not Available |
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Borrowed : |
Not Available |
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Total : |
Not Available |
FINANCIAL DATA
[all figures are in Rupees Millions]
NIL
LOCAL AGENCY
FURTHER INFORMATION
Profile:-
The council of scientific and Industrial Research (CSIR) – the premier
industrial R and D organization in India was constituted in 1942 by a
resolution of the then Central Legislative Assembly. It is an autonomous body
registered under the Registration of Societies Act. Of 1860. CSIR aims to
provide industrial competitiveness, social welfare, strong S and T base for
strategic sectors and advancement of fundamental knowledge.
The Strategic Road Map designed for CSIR as it stepped into the new
Millenium envisaged
- Re-
engineering the organizational structure;
- Linking research
to marketspace;
- Mobilizing
and Optimising the resource base
- Creating an
enabling infrastructure; and
- Investing in
high quality science that will be the harbinger of future technologies.
Interestingly, the Government of India has also announced a new Science
and Technology Policy 2003, in the early years of the new century. It presents
Science and Technology with a human face and emphasizes realities such as
facing open, global competition; need for examining social, economic and
environmental consequences of S and T and aggressive international benchmarking
and innovation. It advocates strong support for basic research. It emphasizes
manpower build-up and retention as important challenges. It advocates dynamism
in S and T governace, through the participation of scientists and technologies.
Today CSIR is recognized as one of the world’s largest publicly funded R
and D organizations having linkages to academia, R and D organizations and
industry. CSIR’s 38 laboratories not only kit India into a giant network that
impacts and add quality to the life of each and every Indian but CSIR is also
party to the prestigious Global Research Alliance with the objective of
applying global knowledge pool for global good through global funding. CSIR’s R
and D portfolio embraces areas as diverse as Aerospace, Biotechnology,
Chemicals indeed almost the ABC-Z of Indian Science.
1. Resource Base :2006-07
- Infrastructural
Number
- Laboratories
/ Institutes 38
- Outreach
Centers 39
2. Human
- Total Staff
17432
- Total S and T
Staff 12556
Scientists (Group IV) 4555
Technical (Group III) 2887)
Technical (Group II+I)5114
Total Administrative and non- technical (includes isolated staff
strength) 4876
3. Financial Rs. Crore
- Government
budgetary support 1750
- Government
plan allocation 975
- Government
non- plan allocation 775
Many organizations have been benefited by availing the services of SERC.
The beneficiaries, include Central and states Government departments, public
and private sector organizations in India and same organizations from
abroad. Scientists of the Centre serve on many national and
international committees and the Centre is recognized as a leading research
institute in thfield of structural engineering. SERC organizes short term
specialized courses in structural engineering for the benefit of consulting
engineers and other professionals drawn from various organizations. Major
facilities available at SERC include heavy testing, structural dynamics,
experimental stress anysis, construction engineering, concrete, composites and
fatigue testing laboratories, computer centre and Tower Testing Research
Station. Their Scientists serve in many committees of the Bureau of Indian
Standards (BIS) in the formulation of Codes of practice in various areas of
structural Engineering. SERC also has international collaboration project under
the Indo- German bilateral program with Forschungszentrum Juelich, Germany. The
Centre has also been publishing the journal of structural Engineering since
1973, to participate, promote and disseminate research in subject.
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.39.97 |
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UK Pound |
1 |
Rs.79.78 |
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Euro |
1 |
Rs.62.60 |
SCORE & RATING
EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
8 |
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PAID-UP CAPITAL |
1~10 |
6 |
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OPERATING SCALE |
1~10 |
6 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
8 |
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--PROFITABILIRY |
1~10 |
5 |
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--LIQUIDITY |
1~10 |
6 |
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--LEVERAGE |
1~10 |
6 |
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--RESERVES |
1~10 |
6 |
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--CREDIT LINES |
1~10 |
6 |
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--MARGINS |
-5~5 |
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DEMERIT POINTS |
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--BANK CHARGES |
YES/NO |
NO |
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--LITIGATION |
YES/NO |
NO |
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--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
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MERIT POINTS |
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--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
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--EXPORT ACTIVITIES |
YES/NO |
NO |
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--AFFILIATION |
YES/NO |
NO |
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--LISTED |
YES/NO |
NO |
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--OTHER MERIT FACTORS |
YES/NO |
YES |
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TOTAL |
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57 |
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
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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 |
Unfavourable & favourable factors carry similar weight in credit
consideration. 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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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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