MIRA
INFORM REPORT
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Report Date : |
29.04.2011 |
IDENTIFICATION DETAILS
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Name : |
DEPARTMENT OF SPACE |
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Registered
Office : |
Vattiyurkavu Thiruvananthapuram-695013 |
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Country : |
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Date of
Incorporation : |
Not Available |
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Legal Form : |
Research Centre |
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Line of Business
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Promote the development and application of space science and
technology. |
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 Government of India undertaking department to promote the
development and application of space science and technology for the
socio-economic benefit of the country. Due to nature of its operations, no
detail financial can be available form any sources. However, as it is a wholly owned department of Government of India, it
can be considered good for normal business dealings at usual trade terms and
conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – April 1, 2010
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Country Name |
Previous Rating (31.12.2009) |
Current Rating (01.04.2010) |
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A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
LOCATIONS
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Registered Office/ Isro International System unit : |
Vattiyurkavu Thiruvananthapuram-695013, |
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ISRO Centres : |
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MANANGEMENT
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Name : |
Dr. K Radhakrishnan |
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Designation : |
Present Chairman |
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Name : |
Mr. T R Chidambaram |
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Designation : |
Director |
LOCAL AGENCY FURTHER INFORMATION
DEPARTMENT OF
SPACE
The major thrust of the space programme during the Ninth
Plan has been towards strengthening the space-based services for the country’s socio-economic
development. One of the major targets set for the Ninth Plan in the launch
vehicle area was the development of the Geosynchronous Satellite Launch Vehicle
(GSLV) towards achieving self-reliance in launching the Indian National
Satellite System (INSAT) satellites. The activities in earth observation
systems were oriented towards building state-of-the-art satellite systems
configured for applications related to the management of land and ocean
resources, addressing both emerging national needs as well as global service
requirements. In the area of satellite communication and meteorology, the
efforts were directed towards augmenting the INSAT system with additional
capacity and newer services through the development and launch of third
generation INSAT satellites, based on demands voiced by the users. A number of
studies and experiments were also planned in the areas of space science and
environment. Besides, significant progress was made in the participation of
industry, policy initiatives, international cooperation, commercialisation of
space capabilities and human resource development.
The major milestones in the Indian Polar Satellite Launch Vehicle (PSLV)
programme were the successful flight of PSLV-C1 on 29 September, 1997 carrying
the Indian Remote Sensing Satellite (IRS), IRS-1D, into orbit, PSLV-C2 on 26
May, 1999 placing three satellites — Indian IRS-P4 (Oceansat) and two auxiliary
foreign satellites TUBSAT (German) and KITSAT (Republic of Korea) — and PSLV-C3
on 22 October, 2001 carrying the Technology Experiment Satellite (TES) in
addition to two foreign piggyback satellites like BIRD of Germany and PROBA of
Belgium. All this strengthened
(Oceansat) has opened up new vistas for ocean development and coastal
studies. The PSLV C2 and C3, apart from being commercial ventures, have
established the multiple satellite and the multiple orbit launching capability
of PSLV. The productionof PSLV has now been taken up with substantialindustry
participation. Another major landmark in the Indian space programme was the
successful launch of the first development flight, GSLV D1, carrying the
Geo-stationary Satellite (GSAT) on 18 April, 2001. The GSLV project, with
complex developments involving cryogenics, was a major step towards achieving
self-reliance in launchingthe 2T INSAT type of satellite.
The launch of INSAT-2E, India’s most advanced communication satellite,
started in April1999, INSAT-3B, the first in the third generationINSAT
satellites, in March 2000 and the INSAT- 3C in January, 2002 enhanced the
capacity of INSAT’s space segment for developmental andother applications like
mobile communication services. It also strengthened
The remote sensing applications have grown over the years to cover diverse
themes as a part of the National Natural Resources Management System (NNRMS)
for which the Department of Space is the nodal agency. The data from IRS
satellites has played a vital role in implementing several national missions in
key areas of social development. The network of international groundstations
receiving the IRS data has been expandedwith the addition of seven ground
stations. Important applications of IRS data are in wasteland development;
generation of developmental action plans for sustainable development for 175
problemdistricts; characterisation of the bio-diversity atlandscape level in
the bio-rich areas of the North Eastern Himalayas, Western Himalayas, Western
Ghats and the Andaman and Nicobar Islands. Other applications include: landslide
risk zoning using satellite maps along important tourist and pilgrim routes in
Uttaranchal and Himachal Pradesh; national mission on drinking water; seasonal
snowmelt runoff estimation; operationalisation of satellite remote
sensing-based crop acreage and production estimation (CAPE). In addition, IRS
data was also used in Coastal Regulation Zone (CRZ) mapping, environment impact
analysis, wetland mapping, grassland mapping; disaster management support;
forest cover mapping; drought monitoring; and flood monitoring, land use/land
cover mapping;mineral targeting etc.
The INSAT, established in 1983 with the launch of INSAT-1B, is providing
operational spaceservices in the areas of telecommunication, television
broadcasting and meteorology. INSAT-2E heralded new capabilities such as global
beams and capacity lease to the internationaltelecommunication organisation
(INTELSAT). INSAT-2E is the most advanced satellite in INSAT- 2 series and is a
forerunner of the forthcoming INSAT-3 series. The INSAT-3B and INSAT-3C have
augmented the private VSAT (very small aperture terminal) networks and the
NICNET services. INSAT-3B provides fixed satellite services in extended C-band
and Ku-bands and mobilesatellite services in S-band. One of the transponders is
also used for setting up the Education and Training Network in Andhra Pradesh.
Work on INSAT 3A, 3E and 3D are also in progress. With the growth in the INSAT
system, the application services have also been expanded to include additional
Doordarshan channels/regional services and news gathering services, expansion
of the VSAT networks for remote rural communication and business communications
and educational channels. The application services also cover communication
services in strategic applications, developmental communication networks in
different states, mobile satellite services, internet services, search and
rescue services, VSAT services using C band and extended-C band, meteorological
services and a host of other services. One of the important applications
of the INSAT system has been the satellite-based interactive network for rural
development. Towards this end, a pilot project to demonstrate the developmental
communications and training for rural development in the Jhabua district of
Madhya Pradesh, has been successfully completed. Other services introduced in
the INSAT system relate to tele-medicine for remote and rural areas and flood
forecasting through 100 real time hydro-meteorological data collection
platforms.
Another important initiative of the Ninth Plan was the setting up of a
North-Eastern Space Applications Centre (NE-SAC) at Shillong as an autonomous
body under the Department of Space to provide access to high technology space
infrastructure for focussed development activities of the north-eastern states.
In the area of international co-operation, the Department of Space has
acquired a significant role as a result of the recognition by other countries
of
There has been significant progress in marketing of the space
capabilities developed through the space programme. Two important achievements
in this direction are the leasing of eleven 36MHz transponders on board
INSAT-2E to INTELSAT and launching of four foreign satellites of
The Department of Space has also taken several policy initiatives. A
policy framework for satellite communication in
ISRO
INERTIAL SYSTEMS UNIT (IISU)
Introduction:
Space activities in the country
started during early 1960s with the scientific investigation of upper
atmosphere and ionosphere over the magnetic equator that passes over Thumba
near Thiruvananthapuram using small sounding rockets Realising the immense
potential of space technology for national development, Dr.
Vikram Sarabhai, the visionary leader envisioned that this
powerful technology could play a meaningful role in national development and
solving the problems of common man.
Thus, Indian Space programme born in the church beginning,
space activities in the country, concentrated on chieving self reliance and developing
capability to build and launch communication satellites for television
broadcast, telecommunications and meteorological applications; remote sensing
satellites for management of natural resources.
The objective of ISRO is to develop space technology and its
application to various national tasks. ISRO has established two major space
systems, INSAT for communication, television broadcasting and meteorological
services, and Indian Remote Sensing Satellites (IRS) system for resources
monitoring and management. ISRO has developed two satellite launch vehicles,
PSLV and GSLV, to place INSAT and IRS satellites in the required orbits
Accordingly, Indian Space Research Organisation (ISRO) has successfully
operationalised two major satellite systems namely Indian National Satellites
(INSAT) for communication services and Indian Remote Sensing (IRS) satellites
for management of natural resources; also, Polar Satellite Launch Vehicle
(PSLV) for launching IRS type of satellites and Geostationary Satellite Launch
Vehicle (GSLV) for launching INSAT type of satellites.
The Space Commission formulates the policies and oversees
the implementation of the Indian space programme to promote the development and
application of space science and technology for the socio-economic benefit of
the country. DOS implements these programmes through, mainly Indian Space
Research Organisation (ISRO), Physical Research Laboratory (PRL), National
Atmospheric Research Laboratory (NARL), North Eastern-Space Applications Centre
(NE-SAC) and Semi-Conductor Laboratory (SCL). The Antrix Corporation,
established in 1992 as a government owned company, markets the space products
and services
CURRENT PROGRAMME:
From the beginning, space activities in the country, concentrated
on achieving self reliance and developing capability to build and launch
communication satellites for television broadcast, telecommunications and
meteorological applications; remote sensing satellites for management of
natural resources.
Accordingly, Indian Space Research Organisation (ISRO) has
successfully operationalised two major satellite systems namely Indian National
Satellites (INSAT) for communication services and Indian Remote Sensing (IRS)
satellites for management of natural resources; also, Polar Satellite Launch
Vehicle (PSLV) for launching IRS type of satellites and Geostationary Satellite
Launch Vehicle (GSLV) for launching INSAT type of satellites.
- Satellites
- INSAT
- IRS
- Launch Vehicle
- PSLV
- GSLV
- Satellite Applications
- SatCom Applications
- Remote Sensing Applications
- VRC
FUTURE PROGRAMME:
Forthcoming Satellites:
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RISAT - 1 |
Radar Imaging Satellite (RISAT) is a microwave remote
sensing satellite carrying a Synthetic Aperture Radar (SAR) |
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Megha-Tropiques |
ISRO and French National Space Centre (CNES) signed a
Memorandum of Understanding (MOU) in 2004-05 for the development and
implementation of Megha-Tropiques (Megha meaning cloud in Sanskrit and
Tropiques meaning tropics in French). The launch of Megha-Tropiques is
planned during 2011. |
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INSAT - 3D |
INSAT-3D, an exclusive meteorological satellite, is
configured with advanced meteorological payloads - a 6 Channel Imager, 19
Channel Sounder along with Data Relay Transponder and Satellite Aided Search
and Rescue payloads. The spacecraft platform is adopted from the standard
I-2K bus with a power handling capability of around 1100 W with a lift off
mass of 2090 kg. |
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SARAL |
The Satellite for |
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ASTROSAT |
ASTROSAT is a national multiwavelength space borne astronomy
observatory, which would enable simultaneous observations of the celestial
bodies, cosmic sources in X-ray and UV spectral bands. The uniqueness of
ASTROSAT lies in its wide spectral coverage extending over visible (3500-6000
Å), UV (1300-3000 Å), soft X and hard X ray regions (0.5-8 keV; 3-80 keV).
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GSAT-6 |
GSAT-6 spacecraft is configured with five S-band beams to
cover the Indian main land, each beam supporting one CxS-band forward link
transponder and one SxC-Band return link transponder. Thus, the 5 beams will
have paired five transponders. The communication link operates through a Hub.
The spacecraft employs the standard I-2k has with a power generation
capability of around 3.1 KW. The spacecraft weighs 2200 kg at lift-off. The
payload uses a high power S-Band TWTA and a new technology 6m unfurlable
antenna. |
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GSAT-7 |
GSAT-7 is a multi-band satellite carrying payloads in UHF,
S-band, C-band and Ku-band. It is planned to be launched during 2011 onboard
GSLV. The satellite weighs 2330 kg with a payload power of 2000W. The
configuration of the satellite has been finalised and the design of new
payload elements is completed. |
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GSAT-8 |
GSAT-8 spacecraft, envisaged to augment the growing need
of Ku band transponders carries 24 Ku Band transponders and 2 Channel GAGAN (GPS
And GEO Augmented navigation) payload. The spacecraft employs the standard
I-3K structure with power handling capability of around 6 KW and has a lift
off mass of 3100 kg.
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GSAT-9 |
GSAT-9 will carry 12 Ku band transponders with |
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GSAT-10 |
GSAT-10 spacecraft, envisaged to augment the growing need
of Ku and C-band transponders carries 12 Ku Band, 12 C Band and 12 Extended C
Band transponders and GAGAN (GPS and GEO augmented navigation) payload. The spacecraft
employs the standard I-3K structure with power handling capability of around
6 KW with a lift off mass of 3400 kg. Subsystem fabrication and testing is in
progress to realise the spacecraft for launch during 2012. |
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GSAT-11 |
GSAT-11 is based on I-4K bus which is under advanced stage
of development. The spacecraft can generate 10-12 KW of power and can support
payload power of 8KW. The payload configuration is on-going. It consists of
16 spot beams covering entire country including Andaman and |
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GSAT-12 |
GSAT-12 spacecraft is configured as a replacement of
INSAT-3B and carries 12 Extended C band transponders. GSAT-12 is configured
on well proven I-1K bus structure with the power handling capability of
around 919 watts with a lift off mass of about 1400kg. |
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GSAT-14 |
GSAT-14 is intended to serve as a replacement for EDUSAT as
the spacecraft is configured with 6 Ku and 6 Ext C band transponders
providing |
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IRNSS-1 |
Indian Regional Navigational Satellite System (IRNSS)-1,
the first of the seven satellites of the IRNSS constellation, carries a
Navigation payload and a C-band ranging transponder. The spacecraft employs
an optimised I-1K structure with a power handling capability of around 1600W
and a lift off mass of 1380 kg, and is designed for a nominal mission life of
7 years. The first satellite of IRNSS constellation is planned to be launched
onboard PSLV during 2012-13 while the full constellation is planned to be
realised during 2014 time frame. |
PSLV-C17
Preparations for PSLV-C17 carrying GSAT-12 communication satellite
weighing1425 kg is in progress. The PSLV-C17 is expected be launched during the
second quarter of 2011.
GSLV-Mk III
The GSLV Mk III is conceived and designed to make ISRO fully self
reliant in launching heavier communication satellites of INSAT-4 class, which
weigh 4500 to 5000 kg. The vehicle envisages multi-mission launch capability
for GTO, LEO, Polar and intermediate circular orbits.
GSLV Mk III is designed to be a three stage vehicle which is 42.4 m tall with a
lift off mass of 630 tonnes. The booster stage comprises two identical S-200
large solid boosters with 200 tonne of solid propellants that are strapped on
to the L-110 core liquid stage. The upper stage is the C25 cryogenic stage. The
payload fairing measures 5 m in diameter with a payload volume of 100 cu m. The
development work on GSLV MkIII is progressing for the first experimental launch
during 2012
Reusable Launch
Vehicle-Technology Demonstrator (RLV-TD)
As a first step towards realizing a Two Stage To Orbit
(TSTO) fully re-usable launch vehicle, a series of technology demonstration
missions have been conceived. For this purpose a Winged Reusable Launch Vehicle
technology Demonstrator (RLV-TD) has been configured. The RLV-TD will act as a
flying test bed to evaluate various technologies viz., hypersonic flight,
autonomous landing, powered cruise flight and hypersonic flight using air
breathing propulsion. First in the series of demonstration trials is the
hypersonic flight experiment (HEX).
Human Space Flight
A study for undertaking human space flight to carry human
beings to low earth orbit and ensure their safe return has been made by the department.
The department has initiated pre-project activities to study technical and
managerial issues related to undertaking manned mission with an aim to build
and demonstrate the country’s capability. The programme envisages the
development of a fully autonomous orbital vehicle carrying 2 or 3 crew members
to about 300 km low earth orbit and their safe return.
Space Capsule
Recovery Experiment (SRE-II)
The main objective of SRE II is to realize a fully recoverable capsule
and provide a platform to conduct microgravity experiments on Micro-biology,
Agriculture, Powder Metallurgy, etc. SRE-2 is proposed to be launched onboard
PSLV during 2011-12.
Chandrayaan-2
Chandrayaan-2,
The
following five payloads are selected for Orbiter.
- Large Area
Soft X-ray Spectrometer (CLASS) and Solar X-ray Monitor (XSM) for mapping
the major elements present on the lunar surface.
- L and S band
Synthetic Aperture Radar (SAR) for probing the first few tens of meters of
lunar surface for the presence of different constituents including water
ice. SAR is expected to provide further evidence confirming the presence
of water ice below the shadowed regions of the moon.
- Imaging IR
Spectrometer (IIRS) for mapping of lunar surface over a wide wavelength
range for the study of minerals, water molecules and hydroxyl present.
- Neutral Mass
Spectrometer (ChACE-2) to carry out a detailed study of the lunar
exosphere.
- Terrain
Mapping Camera-2 (TMC-2) for preparing a three-dimensional map essential
for studying the lunar mineralogy and geology.
Following two scientific payloads selected for Indian Rover would carry
out elemental analysisof the lunar surface near the landing site
- Laser Induced
Breakdown Spectroscope (LIBS).
- Alpha
Particle Induced X-ray Spectroscope (APIXS).
Aditya-1
The First Indian space based Solar Coronagraph to study solar
YOUTHSAT
YOUTHSAT is a participatory scientific mission with payloads from both
GAGAN
The Ministry of Civil Aviation has decided to implement an indigenous
Satellite-Based Regional GPS Augmentation System also known as Space-Based
Augmentation System (SBAS) as part of the Satellite-Based Communications,
Navigation and Surveillance (CNS)/Air Traffic Management (ATM) plan for civil
aviation. The Indian SBAS system has been given an acronym GAGAN - GPS Aided
GEO Augmented Navigation. A national plan for satellite navigation including
implementation of Technology Demonstration System (TDS) over the Indian air
space as a proof of concept has been prepared jointly by Airports Authority of
India (AAI) and ISRO. TDS was successfully completed during 2007 by installing
eight Indian Reference Stations (INRESs) at eight Indian airports and linked to
the Master Control Center (MCC) located near
The next major milestone in GAGAN is the conduct of PSAT (Preliminary System
Acceptance Testing) which has been successfully completed in Dec 2010. The
first GAGAN navigation payload is slated on GSAT-8 scheduled in the second
quarter of 2011. The second GAGAN payload is scheduled to be launched on
GSAT-10 in the first quarter of 2012. The third GAGAN payload is planned on
another GEO satellite.
THE CHAIRMAN:
Dr. K. Radhakrishnan; the current
Chairman of Space Commission, Secretary, Department of Space, Government of
India and Chairman of ISRO; is a technocrat par excellence; a dynamic and
result-oriented Manager with very fine personal and inter-personal qualities;
an astute Institution-builder with a strategic vision; an able Administrator
with a positive attitude; and an inspiring Leader credited with nurturing
leadership skills in the younger generation. He has had a distinguished career
adorned with accomplishments that spans beyond 39 years in space technology,
applications and space programme management.
Dr. Radhakrishnan was born on 29 August, 1949 at Irinjalakuda, Kerala.
He graduated in Electrical Engineering from
Starting his career as an Avionics Engineer in 1971 at ISRO’s Vikram Sarabhai
Space Centre, Trivandrum; he commendably held several decisive positions in
ISRO such as Project Director for setting up Regional Remote Sensing Centers
(1987-89); Director of Budget and Economic Analysis for entire ISRO (1987-97);
Director of National Natural Resources Management System-Regional Remote
Sensing Service Centers (1989-97); Mission Director of Integrated Mission for
Sustainable Development and Deputy Director of National Remote Sensing Agency
(1997-2000); Director of National Remote Sensing Agency (2005-08); Director of
Vikram Sarabhai Space Centre (2007-09); and Member, Space Commission (October
2008-October 2009)) with some responsibilities in concurrence. During 2000-05
he had a stint in the Ministry of Earth Sciences as the Founder Director of
Indian National Centre for Ocean Information Services and the first Project
Director of Indian National Tsunami Warning System. He also held several
important positions at the international level including Vice Chairman of
Intergovernmental Oceanographic Commission (2001-05), Founder Chairman of
Indian Ocean Global Ocean Observing System (2001-06) and Chairman of the
Working Group of the Whole UN-COPUOS STSC (2008-2009).
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
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.44.33 |
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|
1 |
Rs.74.14 |
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Euro |
1 |
Rs.65.78 |
RATING EXPLANATIONS
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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 |
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 |
|
- |
NB |
New Business |
- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.