MIRA
INFORM REPORT
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Report Date : |
10.08.2011 |
IDENTIFICATION DETAILS
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Name : |
AMERICAN INTERNATIONAL SCHOOL CHENNAI |
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Registered
Office : |
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Country : |
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Date of
Incorporation : |
Not Available |
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Capital
Investment / Paid-up Capital : |
Not Available |
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Legal Form : |
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Line of Business
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Providing Educational Services. |
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No. of Employees
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Not Available |
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 |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is a non-profit, independent, coeducational day school. It is
an established international school offers US style educational program. Trade
relations are reported as fair. Payments terms are unknown. Initially, subject can be considered for business dealings with some
caution. |
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 : |
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Tel. No.: |
91-44-22549900 |
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Fax No.: |
91-44-22549991 |
MANAGEMENT TEAM
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Name : |
Mr. Andrew A. Hoover |
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Designation : |
Head of School |
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Email: |
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Name : |
Mr. John R. Mccandless |
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Designation : |
HS Principal |
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Email: |
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Name : |
Ms. Michele Dirksen |
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Designation : |
MS Principal |
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Email: |
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Name : |
Mr. Kevin Hali, |
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Designation : |
ES Principal |
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Email: |
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Name : |
Ms. Kendra Callaway |
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Designation : |
High School Counselor |
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Email: |
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Name : |
Ms. Trish Joudrey |
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Designation : |
Middle School Counselor |
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Email: |
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Name : |
Ms. Geetha G |
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Designation : |
Elementary Guidance Counselor |
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Email: |
BUSINESS DETAILS
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Line of Business : |
Providing Educational Services. |
GENERAL INFORMATION
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Bankers : |
Not Available |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Not Available |
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 Available
LOCAL AGENCY FURTHER INFORMATION
BELIEF STATEMENTS:
- Their staff, students, and parents constitute
their learning community - only by
working together can this school vision be realized
- As a
community, they are proud of
their diversity and recognize it as
a strength - appreciation and empathy of diversity starts with knowing
their selves, their school
community, and their host country
- They strive to recognize all effects of
their actions and take
responsibility for those actions - this recognition of responsibility is
evident in the day-to-day interactions and service opportunities
- Their community has an obligation to promote a
challenging academic program that best meets the needs of all their learners and feeds their intellectual
curiosity - (1) a whole person constitutes not only a person’s intellectual
well-being, but also the person’s physical, social, and emotional
well-being and (2) a balance of academic, aesthetic, and athletic
experiences are necessary for a well-rounded education
- They are all perpetual learners in this
community - (1) learning is a continuous process that takes place through
different styles and interests and (2) flexibility and change are
necessary elements of learning and progress
- They dedicate their selves to ensure that
they are responsible contributors
in a globally competitive world - (1) problem solving, critical thinking,
and creativity are essential abilities, (2) the continuous analysis and
application of current research is an integral part of learning, and (3)
they continue to learn the
processes and knowledge related to current technologies
CIS AND MSA
ACCREDITATION RECEIVED!
Subject received notification in February 2004 from the Council of
International Schools (CIS), an affiliate of the European Council of International
Schools (ECIS) that the school had been awarded full ten-year accreditation
without "qualifications". This award means that the school is a fully
accredited international school in accord with the accreditation standards set
forth by the Council of International Schools. Subject is one of three schools
in
In addition to the ECIS award Subject was officially awarded
accreditation from the Middle States Association headquartered in
PRESS RELEASE:
2010-11
The
Organization: The School is governed by a 7-member Board of Directors.
The U.S. Ambassador appoints 3 members, one of whom serves as his personal
representative and usually is the Chair of the Board. The remaining 4 members
are elected from the School Association, comprised of the parents and guardians
of registered AISC students.
Curriculum: The curriculum follows a college-preparatory program,
leading to a U.S. High School Diploma. Instruction is in English, and most
study materials are imported from the
Faculty: In the 2010-2011 school year, there are 123 full-time and 3
part-time faculty members, of whom 89 hold advanced degrees. The
student/teacher ratio is 7:1. The ratio of overseas-hired staff to local staff
is 58:42.
Enrollment: At the beginning of the 2010-2011 school year, enrollment
was 804, representing 28 nationalities (PK- Kdg: 121, grades 1-5: 340; grades
6-8: 165; and grades 9-12: 178).
Facilities: The main classroom wing houses three floors of classrooms,
libraries with 36,000 volumes, health office, elementary art studio, computer
labs with 497 dedicated instructional computers, and ESL and special needs
suites. Three science labs, two art studios, the foreign languages complex, the
music room, the cafeteria, and the administrative offices are housed in the
adjoining building. All classrooms are air-conditioned. Indoor facilities at
the air-conditioned Sports Hall include a full-size basketball arena, indoor
soccer, badminton and volleyball courts, and a fitness room. Four rooftop
tennis courts, an outdoor basketball court, a soccer pitch, running tracks, and
a 25-meter swimming pool complete the sports facilities.
Finances: In the 2010-2011 school year, annual tuition rates are as
follows: PS: $3,700; K.-grade 5: $17,400; grades 6-8: $17,800; and grades 9-12:
$19,900. The School charges a registration fee of $3,000 and a capital fee of
$5,000 (both one-time and nonrefundable) and an application fee of $200. Fees,
except for the application fee, are payable in U.S. dollars. (All fees are
quoted in U.S. dollars.)
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.45.17 |
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1 |
Rs.73.72 |
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Euro |
1 |
Rs.64.25 |
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 |
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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NB |
New Business |
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This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.