MIRA
INFORM REPORT
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Report Date : |
23.07.2008 |
IDENTIFICATION
DETAILS
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Name : |
UNITED NATIONS OFFICE FOR PROJECT SERVICE |
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Registered Office : |
11, Golf Links, New Delhi – 110003 |
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Country : |
India |
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Year of Establishment : |
April 2007 |
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Legal Form : |
NGO (Non Government Origination) |
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Line of Business : |
Procurement, Coordinator between Government of India and United
Nations. |
RATING &
COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
New NGO |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is a new NGO and seem to be progressing well. Trade relations
are fair. No payments could be made available due to the nature of its activities. It considered for small to mediocre business dealings with slight
caution, initially. |
LOCATIONS
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Registered Office : |
11, Golf Links, New Delhi – 110003, Delhi, India |
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Tel. No.: |
91-11-43508526 / 43508550 / 30417400 |
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Fax No.: |
91-11-43508527 |
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E-Mail : |
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Website : |
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Area : |
2000 sq fts. |
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Location : |
Rented |
OFFICE IN CHARGE
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Name : |
Mr. Ramesh Chandra |
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Designation : |
Office in Charge |
BUSINESS DETAILS
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Line of Business : |
Procurement, Coordinator between Government of India and United
Nations. |
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Products: |
Procurement of Blood Transportation Vans This project that appeared in United Nations Development Business
UNDB. This Ministry of health and family welfare. Government of India has
received a credit from the International Development Association (IDA)
towards the cost of third National HIV / AIDS control project and it intends
to apply the proceeds of this credit to eligible payments under the proposed
contract for supply of the items mentioned below. The project is being part financed by DFID. United Nations Office for project services (UNOPS), acting as the purchasing agent on behalf of Ministry
of health and family welfare, Government of India now invites sealed bids
from eligible bidders for the supply of 150 Number blood Transportation Vans.
Project Cost is : 4000 Millions Agriculture Project from Government of India Project Cost is : 250 Millions Project from UP Government Project Cost is: 1000 Millions |
GENERAL
INFORMATION
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Customers : |
Government of India |
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No. of Employees : |
20 |
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Bankers : |
Bank of America, New Delhi – 110001, Delhi, India |
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]
Not Divulged
LOCAL AGENCY
FURTHER INFORMATION
Profile:-
The subject help their clients to turn ideas into reality. Whether it’s
building peace, recovering from disaster, or creating sustainable development
They provide the people, tools and operational know how needed to get
projects up and running and client goals met. They accomplish this by offering
a broad range of services including procurement, recruitment and human
resources administration, loan supervision and certification.
Today they are known for implementing large scale, complex efforts in
all types of settings. They are especially pleased at the high marks earned by
their specific operational expertise in engineering, infrastructure, action,
elections support, public works, and environmental rehabillation and recovery.
Established in 1995 as a distinct part of the Un system subject has more
than a decade of global experience. They work throughout the world, wherever
they are needed.
Subject takes a results oriented approach to the services they provide.
They take pride in launching operations quickly and delivering innovative,
quality work on or ahead of schedule, in a transparent and fully accountable
manner.
They are flexible resource providing whatever is needed, from stand-
alone, one time answers to comprehensive, long term management. And their range
of services keeps with the ever changing demands made on the UN and
international cooperation.
They stay responsive to their clients, partners and stakeholders at
local, regional and international levels, so all receive customized attention.
Because they know every job has its unique features, and they believe each
request deserves a fresh solution.
And since they are solution- driven, every task gets the expertise it needs.
Whether it’s mobilized in – house, or drawn from their worldwide network of
partners and suppliers in the UN system, the private sector, the NGO community
and academe.
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 records 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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.42.71 |
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UK Pound |
1 |
Rs.85.51 |
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Euro |
1 |
Rs.68.02 |
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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