MIRA
INFORM REPORT
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Report Date : |
24.07.2008 |
IDENTIFICATION
DETAILS
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Name : |
NATIONAL AERO SPACE LABORATORIES |
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Registered Office : |
P B No. 1779, Kodhalli, Airport Road, Vimanpura, Bangalore – 560 017,
Karnataka |
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Country : |
India |
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Year of Establishment : |
1959 |
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Legal Form : |
Subject is a Aerospace Laboratory under Council of Scientific Research,
Government of India. |
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Line of Business : |
Involved in the design and development of Hansa, an all composite two
seat trainer aircraft and Saras as a 14 seat turboprop light transport
aircraft. |
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 : |
Dr. Rajan Moodithaya, Scientist ‘G’ and Head, Knowledge and Technology
Management, Division – Aerospace Laboratories, Bangalore informed that subject is a constitute of council of scientific and industrial
research which comes under minim of science and technology is engaged in
research and Development in the field of Aerospace. It’s payments are correct and as per commitments. Subject can be considered good for any normal business dealings at
usual trade terms. |
LOCATIONS
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Registered Office : |
P B No. 1779, Kodhalli, Airport Road, Vimanpura, Bangalore – 560 017,
Karnataka, India |
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Tel. No.: |
91-80-25270584/ 25265579/ 25273351/ 25273354/ 25223354/ 25223351 |
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Fax No.: |
91-80-25260862/ 25270670 |
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E-Mail : |
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Website : |
http://www.nal.res.in
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DIRECTORS
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Name : |
Mr. P. Nilakantan |
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Designation : |
Director (1959-1964) |
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Name : |
Mr. S. R. Valluri |
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Designation : |
Director (1965-1984) |
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Name : |
Mr. R. Narasimha |
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Designation : |
Director (1984-1993) |
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Name : |
Mr. K. N. Raju |
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Designation : |
Director (1993-1996) |
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Name : |
Mr. T. S. Prahlad |
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Designation : |
Director (1996-2002) |
BUSINESS DETAILS
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Line of Business : |
Involved in the design and development of Hansa, an all composite two seat
trainer aircraft and Saras as a 14 seat turboprop light transport aircraft. |
GENERAL
INFORMATION
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No. of Employees : |
Total : 1272 (Scientist : 333, Technical Officers : 168, Others : 771) |
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Bankers : |
v State Bank of
India Nal Branch, Bangalore – 560 017, Karnataka, India |
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Banking
Relations : |
Good |
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Auditors : |
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Name : |
Not Available |
CAPITAL STRUCTURE
Not Divulged
FINANCIAL DATA
[all figures are in Rupees Millions]
Not Divulged
Note:-
Registrar of Companies details are those which have been
filed by the subject or its agents. In certain circumstances, this data may not
be up to date and reference should be made to general information details for
possible changes
LOCAL AGENCY
FURTHER INFORMATION
History
Subject was established on 1st June 1959 at Bangalore in Karnataka as a Laboratory Concern.
Its offices in Delhi and moved to Bangalore on 1st March 1960. The early year (1960-67) were spent in setting up wind tunnels across the bellandur Lake; notably the 1.2m trisonic blowdown wind tunnel which continues its splendid run to this day.
It a constituent of Council of scientific and Industrial Research, is India’s pre-eminent civil R and D establishment in aeronautics and allied disciplines. It was set up at Delhi in 1959 and moved to Bangalore in 1960.
Business
Its primary objective, as articulated in its new Vision Statement, is the “development of aerospace technologies with a strong science content and with a view to their practical application to the design and construction of flight vehicles”. It is also required “to use its aerospace technology base for general industrial applications.
It has spearheaded the effort to design and develop small and medium-sized aircraft for the civil sector.
It has been very successfully in obtaining a large number of R and D contracts for testing and subsystem development for various national programmes as well as industries all over India and abroad. In the past decade (1987-97), it undertook approximately 400 projects worth about US$ 60.000 millions. It has earned more than 60% of its budget though external resources, a unique achievement for CSIR laboratories
Some major recent contracts include:
Development of carbon fibre composite wings for India’ Light Combat Aircraft (LCA) programme, design, development and fabrication of a fully-automated autoclave for Hindustan Aeronautics Limited, development of co-cured fin and rudder for LCA and a shake test facility for HAL’s Advanced Light Helicopter.
Its models for business development activities include in-house projects leading to commercialisation, sponsored projects, industry-lab linkages, multi-agency collaborative projects and international contracts. During the last 24 months, it has obtained 12 contracts worth over 25.000 millions US $. It has also undertaken about a dozen international projects for Boeing, USA; Civil Aviation Authority, UK; IBM Corporation, USA; Hitachi, Japan, etc.
International Scientific Collaboration
v CSIR/DLR Special Arrangement
v CAE Protocol on Aerospace R and D
v Integrated Long Term Programme (ILTP) with Russia
International R and D contracts
Study if wake vortices of aircraft and helicopters - Civil Aviation Authority, UK
Lug Damage tolerance testing -Boeing Commercial Airplane Company, USA
Relaminarisation on swept wings - Boeing Commercial Airplane Company, USA
Consultancy Services for upgrading NASA Langley NTF Control System - Vigyan Inc., USA
Joint design and development of 14 seater light transport aircraft - Myasishchev Design Bureau, Russia
Development of structural ceramics INSA de Lyon, France
Consultancy on ASKA software porting to CDC 4080 Unix based computer system - Control-Data Indo-Asia Company, Singapore
Co-operation in the development of boron nitride abrasive and cutting tools - Institute of Materials Science Problems, Ukraine
Paallelisation and porting of GCM T-80 code to Sp2 platform (with CAS, IISc) - IBM Corporation, USA
Development of a process for the deposition of rough diamond coatings (with DST) Fraunhaufer Institute, ISI Braunschweig, Germany
High Mach number cooled turbine cascade testing Pratt and Whitney, USA
Parallelisation and optimisation of molecular modelling code (with Tata Elxsi) Hitachi, Japan
Highlights
It’s SARAS aircraft was rolled out of its hangar. It was a wonderful moment as the SARAS, looking resplendent and majestic, made its first public appearance. Its efforts to ready SARAS for its first flight are progressing very well. It is now only a matter of months before SARAS takes off.
The HANSA aircraft continues its impressive showing. It was a proud moment when the HANSA float participated in this year’s Republic Day Parade.
Statistical Summary
64 new sponsored projects (value: Rs. 278.700 millions) and seven new grant-in-aid projects (value Rs. 12.300 millions) were taken up during 2002-03. Its external cash flow (ECF) this year was Rs. 286.900 millions with the largest contribution (Rs. 68.700 millions – 24%) coming from ADA.The ECF dropped significantly (from Rs. 478.200 millions to Rs. 286.900 millions) this year; a five-year perspective, however, is more revealing, it shows that it received a staggering Rs. 2420.000 millions as ECF during the last five years. It actually spent Rs. 647.000 millions in 2002-03. Salaries amounted to Rs. 226.800 millions (35 %), the expenditure on consumables was was Rs. 109.500 millions (17%) and on capital equipment Rs. 107.300 millions (16.6%)
General Information
The Centre is involved in the design and development of HANSA, an all-composite two seat trainer aircraft and SARAS, a 14 seat turboprop light transport aircraft.
During May 1998, the second prototype of HANSA [VT-XBL] with a Rotax 914-F3 engine started its test flight programme. A two-day workshop was held in October 1998 to expose pilots and flight instructors to the HANSA aircraft. DGCA granted provisional type certificate ad the aircraft participated successfully in the flight demonstrations at Aero India 98, the international air show held in Bangalore during December 1998. The aircraft is now going through flight test for full type certification. The first pre-production aircraft is getting ready to be delivered to one of the flying clubs through DGCA. The productionising effort at Taneja Aerospace and Aviation Limited was also progressing aggressively.
A considerable amount of wind tunnel testing was carried out to generate aerodynamic date particularly at high Mach and Reynolds numbers for the SARAS aircraft. The results covered tests on 1/20 scale model in the NAL 1.2m x 1.2 m tunnel, 1/9 scale model in the TsAGI T –106 tunnel and 1/6 scale model in the IISc low speed tunnel.
The detailed design of the SARAS airframe is nearing completion. While the design and the drawings of the empennage have been completed, those for the wing and fuselage are under progress. All the parts of horizontal stabilizer have been manufactured. The assembly jig has been set up and referenced at Taneja Aerospace and Aviation Limited. The assembly of the horizontal tail will commence shortly. The system design of all the major systems has been completed and procurement actions initiated. The design of system test rigs has been taken up. A document detailing the tests [both ground and flight] to preparation
In addition to the participation of various Divisions from within NAL, several external agencies like Hindustan Aeronautics Limited, Taneja Aerospace and Aviation Limited, Kumaran Industries [Private] Limited, Centre for Mechanical Engineering Research Institute, Government Tool Room and Training Centre, Central Manufacturing Technology Institute, Praga Tools, Kelton Graphics, etc. are involved in the development and fabrication of SARAS.
C-CADD is the NAL Centre with the specific responsibility for undertaking/participating in the design, development, prototype fabrication and certification of civil aircraft. The Centre has a core strength of about 20 scientist but freely draws from the diverse expertise related to civil aircraft development available in the various R and D Divisions of NAL. C-CADD is currently leading two major aircraft programmes : a9-14 seater multirole light transport aircraft [LTA; now called SARAS] and all-composite light trainer aircraft [HANSA]. The following chart gives the structure of organization for various activities.
The company is assisted in its preliminary and detailed design by specialist designers and engineers of Aerospace Design Engineers Group [ASDE], a private company recognized by Director –General of Civil Aivation [DGCA]. ASDE operates under the overall control of the company.
The Centre’s Raj Mahindra CAD Facility includes a networked computer system with PCs, work stations and a large number of high quality tools to aid design, drafting and development work. The high end CAD solution platform at the facility includes RS- 6000 workstations from IBM and the aircraft industry standard CATIA software from default.
C-CADD Organisation Chart :
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SARAS Project |
HANSA Project |
Advanced Project Groups |
Technology Development Groups |
Airworthiness Certification Groups |
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Configuration |
Configuration |
HANSA Stretch |
Aero including CFD |
Dissemination of airworthiness requirements |
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Design |
Design |
SARAS Stretch |
Structures |
Updating of requirements |
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Stressing |
Stressing |
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Materials |
Compliance statement |
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Power Plant |
Power Plant |
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Power Plant |
Interaction with regulatory authorities |
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Avionics Systems |
Systems |
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Avionics |
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Project management |
Project management |
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Prototype manufacturing |
Prototype manufacturing |
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Mock-up, models, etc. |
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As Per Website Details
National Aerospace Laboratories (NAL), Bangalore is a constituent
Institution under the Council of Scientific and Industrial Research of India.
NAL is a high technology oriented institution concentrating on advanced topics
in the aerospace and related disciplines. Originally started as National
Aeronautical Laboratory, it was renamed National Aerospace Laboratories to
reflect its major involvement in the Indian space programme, its
multidisciplinary activities and global positioning. It is India’s only
civilian aerospace laboratory with a high level of competence and the expertise
of its scientists is globally acknowledged.
Additionally, NAL has some sophisticated test facilities which are the
best in the country and comparable to those abroad. 1.2 m Trisonic Tunnel
Complex, Full Scale Fatigue Facility, Acoustic Test Facility, Engineer-in-Loop
Facility, Composite Structure Facilities, Advanced Turbomachinery and
Combustion Laboratories, Failure Analysis Laboratory and Electromagnetic
Laboratory are among these. All these are manned by specialized teams who
operate the facilities, conduct experiments, analyse the data and provide value
added inputs to programmes.
NAL is in its 50th Year of existence and over these years has made significant
contributions to a large number of aerospace programmes like (civil and
military) aircraft pragrammes, space programme, engine development programmes,
defence and strategic programmes of the country and has also contributed vital
industrial and societal outputs. NAL has many collaborative projects with
reputed international agencies. NAL also develops special expertise in certain
fields and has made value added contributions to the areas like aircraft fleet
maintenance, life extension, flight safety etc. NAL has also developed
significant technologies related to the field and is an acknowledged centre of
excellence in many fields including composite structures, high speed wind
tunnel testing, aircraft fatigue and aerospace acoustics, failure analysis and
accident investigation.
NAL has successfully executed some innovative research projects in advanced topics of relevance like smart materials, parallel processing, advanced flow diagnostics, airport instrumentation etc. Its societal contributions include harnessing of solar and wind energy, streamlining vehicles for fuel economy and weather prediction systems. All these contributions have enabled NAL to consistently generate a substantial part of its budget through projects and be top the generator of external cash flow among CSIR laboratories.
NAL is the harbinger of civil aviation design and development activities in India. NAL designed HANSA trainer aircraft is flying in different flying clubs in India and is all set to reach overseas market. The light transport aircraft, SARAS, is undergoing flight testing and is designed to meet a critical need in the civil aviation segment. A 5-seater general aviation aircraft is under design and feasibility studies on a 50-70-90 seater regional transport aircraft are in an advanced stage.
In summary, NAL is a multi-disciplinary, vibrant, high technology organization with an excellent track record and ambitious programmes on hand.
Contributions of Dr.
A R Upadhaya to Aerospace Industry
Dr. Upadhya is one of the few
specialists in the country in the multi-disciplinary field of Aeroelasticity.
His major contributions to Aerospace research and development and industry,
many of them as first in the country
Dr Kota Harinarayana on Dr A R
Upadhya
Dr Upadhya is the right combination of a
scientist,technologist and team builder, a rare person indeed.
B Tech
(Aero) from IIT-Kharagpur, M E (Aero) from IISc, Bangalore with 4.0/4.0
Grade-point Average. Ph D from CIT-Cranfield ( UK ). Educated in renowned
schools of aeronautics, mostly topping in the class.
Infrastructure
As an organization, NAL is 49 years young. India’s only civil aviation
aerospace R and D organization, its competence and facilities are the best in
the country and are comparable internationally.
Through a planned approach over these years, NAL has strengthened its
knowledge base and has made vital technology contributions to the national
aerospace programmes and its own Civil Aviation programme. With its current
plans and its growing international presence, NAL is set to take off into an
exciting future.
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Development of India's first
all-composite trainer aircraft
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Hardware and software initiatives
in parallel processing technologies
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Design and fabrication of
advanced composite structures
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Failure analysis and accident
investigations
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Design, development and
fabrication of multirole light transport aircraft
Technologies
v NALSUN Solar selective coatings
v Flight Mechanics and control division – Multi Sensor Data Fusion,
Modelling and Identification
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'Technology' to be NAL's core
engine for the future
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NAL will make a special effort to
identify, develop and market spin-off technologies
v NAL will make a concerted effort to obtain international
technology development contracts
NAL has planned out its future activities based on its present strengths and the requirements of the proposed future national aerospace programmes. Plans for immediate future are included as part of India’s Eleventh Five Year Plan proposals (2007-2012) and some plans extend beyond this period also. The plans aim at enhancing the current technology strengths, creating new strengths to meet the expected requirements and research projects to provide a strong scientific basis to the technology activities. Along with these, NAL will continue to make value added contributions to national programmes.
In the civil aviation area, NAL will complete the certification of SARAS, fly the General Aviation aircraft and transfer HANSA technology to a production agency. Regional transport Aircraft will be the civil aviation thrust area.
Research projects proposed include studies on multi-degree optimization, morphing airfoils, flapping wings concepts, automatic target recognition, advanced engine intakes, icing studies, low Reynolds number flows, glass cockpits and AMLCD, active noise control, special (nano) coatings, engine thrust vectoring etc.
Future Technology Development plans include mini gas turbines, air traffic management, damage tolerant design, fluid / surface interactions, efficient propulsion technologies and clean energy systems. Plans in the area of materials include high strength fibres and prepregs, nano-composites, high temperature ceramics, out-of-autoclave technologies and environment friendly new processes. Forward looking technology studies will also include Scramjets, Structural Health Monitoring, Smart Structures, MEMS and stealth aircraft / coatings, micro air vehicles.
Apart from setting up Advanced Centres for Flight Mechanics and Micro Air Vehicles, upgradation of existing facilities and building new ones are also envisaged.
The above are only a few sample areas from NAL’s ambitious list of proposals. With the existing constraints, the plans are indeed challenging. But then challenges make work exciting and NAL community is looking forward to these tasks and rising to the occasion.
Facilities
v Established of a National Test Facility for Rolling Element Bearings
v Inauguration of wind turbine Blade Fabrication Facility and wind Turbine Laboratory
v Inauguration of the large scale rotating rig (LSRR) for compressor and turbine Aerodynamics Research
v Trisonic wind tunnel testing of aircraft, launch vehicles and other spacecraft
v Acoustic testing of satellite and satellite launchers
v Fullscale fatigue testing of airframes
v Transonic cascade testing for engine and aerofoil design
v Dynamic test systems for modal testing and qualification testing
v Dynamic wind tunnel testing
v Advanced composites design, fabrication and testing
v System Identification Laboratory for flight data analysis
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 :
They 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.
They 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. 41.96 |
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UK Pound |
1 |
Rs. 83.78 |
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Euro |
1 |
Rs. 65.82 |
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, they have no basis upon which to
recommend credit dealings |
No Rating |
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