MIRA
INFORM REPORT
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Report Date : |
25.07.2008 |
IDENTIFICATION
DETAILS
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Name : |
SATYADHYAN VIDYAPEETH |
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Registered Office : |
Dr. Ambedkar Road, Near Kalidas Natyamandir,
Mulund (West), Mumbai- 400080, Maharashtra |
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Country : |
India |
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Year of Establishment : |
1993 |
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Legal Form : |
Private Religious Trust and Educational Institute |
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Line of Business : |
This trust is teaching Hindu
Philosophies coke old gurukul system (Ramayana and Mahabharat and Vedas) |
RATING &
COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Religious Trust |
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Payment Behaviour : |
Regular |
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Comments : |
Subject is a private religious trust and educational institute. Obviously, financial details are not available. Trade relations are fair. Subject can be considered for normal business dealings at usual trade
terms and conditions on merits. |
INFORMATION PARTED
BY
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Name : |
Mr. Deshpande |
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Designation : |
Trustee |
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Contact No.: |
91-9870660011 |
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Date : |
05.07.2008 |
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Name : |
Mr. T. S. Rao |
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Designation : |
(Honery)
Secretary |
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Contact No.: |
91-9820433542 |
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Date : |
05.07.2008 |
LOCATIONS
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Registered Office : |
Dr. Ambedkar Road, Near Kalidas
Natyamandir, Mulund (West), Mumbai- 400080, Maharashtra, India |
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Tel. No.: |
91-22-25683014 |
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Mobile No.: |
91-9870660011/ 9820433542 |
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E-Mail : |
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Website : |
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Area : |
4000 sq. ft. |
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Location : |
Owned by Trust |
KEY EXECUTIVES
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Name : |
Mr. Pandit Vidya
Simachrya |
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Designation : |
Chairman |
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Name : |
Mr. T. S. Rao |
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Designation : |
Honery Secretary |
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Name : |
Mr. P. A. Mahuli |
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Designation : |
Honery Tressurer |
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Name : |
Mr. Sarad Mokashi |
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Designation : |
Assistant
Secretary |
BUSINESS DETAILS
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Line of Business : |
This trust is teaching Hindu
Philosophies coke old gurukul system (Ramayana and Mahabharat and Vedas) |
GENERAL
INFORMATION
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Customers : |
Students |
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No. of Employees : |
6 Acharyas |
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Bankers : |
· Karnataka Bank, Mulund (West) Branch ·
Co-orporation Bank, Mulund (West) Branch |
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Banking
Relations : |
- |
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Auditors : |
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Name : |
Mr. Jorapur Chartered Accountant |
CAPITAL STRUCTURE
Not Available
FINANCIAL DATA
[all figures are in Rupees Millions]
Not Available
LOCAL AGENCY
FURTHER INFORMATION
TRUSTEE’S NAME:
Mr. Rajana
Mr. P. S. Rao
Mr. B. G. Gatcachala Rao
Mr. Ajit Deshpande
OTHERS DETAILS:
Student’s age group is 5 to 25 years and they don’t take any fees from
students. They have 200 students.
WEBSITE DETAILS:
BUSINESS:
ABOUT SATYADHYANA VIDYAPEETHA
Subject is unique in many ways, run on the lines of age old Gurukukula System without
any financial aid whatsoever either from the Government or from any other
organization. Even the education imparted here, including lodging and boarding
is entirely free. The students are also provided with clothes, books, medical
aid, travel fare for annual visit to home town etc.
STUDENTS THE PRIZED ASSETS OF
VIDYAPEETHA
In order to follow the
time-honored tradition and instill in the students the values of Spartan living
as also treasure the networking with the community the students go to the
houses of devotees and collect rice, daal etc. for daily consumption (Called
MUSHTI-FUND) - truly the Gurukula Way.
The students are taught and trained in both ancient and modern Philosophies and
Western thought. They are recipients of various branches of knowledge. Veda,
Vedanta, Buddhism, Christianity, Jainism, Islam and Western Philosophy, Nyaya,
Vyakarana, Meemansa, Dharmashastra, Jyotishya, Sahitya, Paurohitya and
Daasa-Sahitya, along with English, Hindi, Marathi, Kannada, Ethics, Psychology,
History, Mathematics, Science etc.
PILLARS OF VIDYAPEETHA
Many Students/Pandits and a number of devotees have supported and contributed
to the establishment and growth of these institutions. Among the
Students/Pandits Sri, M R Aswathamacharya and Sri P V Krishancharya have been
the main pillars of this Vidyapeetha who are still rendering selfless service
by conducting Patha Pravachanas, Jnana Yagnas and Lectures.
GOING HI TECH
In the search for ancient values, modernity has not been lost. The entire
infrastructure is modernized and computerized to propagate sanskrit language
and learning. Going Hi tech has enabled world-wide dissemination of knowledge
through the internet as well as the publication of authentic rare Sanskrit
texts, translation, commentaries and research works.
Conscious of the need for a value-based education, which is also ubiquitous and
functions, the students get practical hands-on experience in planning major
events, management of personnel, financial accounting and purchasing.
THE CONVOCATION
The convocation or 'Sudhamangala' is a unique event of this Gurukula after
which the young scholars are provided a placement in terms of a parish and some
initial financial support. The Vidyapeetha also extends educational aid to some
of the most needy and deserving students.
LIBRARY
A central library, vast and comprehensive, having 120000 books was established
diligently and painstakingly over seven decades, by Pujya Gopalacharya, the
Founder. The students and research Scholars, this is a veritable goldmine to
take up in depth and thorough study of Philosophy and Literate as it contains
ancient invaluable palm leaves and manuscripts as well as modern titles. It
contains several thousands of good and valuable volumes on English Literature,
Metaphysics, Logic, Ethics, Sociology, Psychology, Geography, Zoology, Botany,
Physics, Chemistry, Astronomy, Astrology, Homeopathy, Allopathic, Naturopathy,
Ayurveda etc. It also contains books on Philosophy, Upnishand, Geeta, Veda,
Purana, Bhagavata, Mahabharata, Ramayana, as well as Zoroastrian, Buddhist,
Jainic, Shaivic, Veershaivic, Islamic, Biblical, Grecian, Roman, Egyptian,
German, French, English and American Schools of thought.
OTHER ACTIVITIES
Ladies wing of the Vidyapeetha apart from deep involvement with daily
programmes has spread out to include Bhajan singing imparting knowledge of
spiritual values and encouraging micro enterprises and retailing for the relief
of the destitute women.
Daily lectures, weekly classes, monthly programmes and special series of
Lectures, Workshops, Seminars, are also conducted in different languages such
as English, Hindi, Marathi, and Kannada for the benefit of the interested
public.
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
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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 |
SCORE & RATING
EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
5 |
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PAID-UP CAPITAL |
1~10 |
5 |
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OPERATING SCALE |
1~10 |
5 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
5 |
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--PROFITABILIRY |
1~10 |
5 |
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--LIQUIDITY |
1~10 |
5 |
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--LEVERAGE |
1~10 |
5 |
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--RESERVES |
1~10 |
5 |
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--CREDIT LINES |
1~10 |
5 |
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--MARGINS |
-5~5 |
- |
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DEMERIT POINTS |
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--BANK CHARGES |
YES/NO |
YES |
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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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45 |
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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