MIRA
INFORM REPORT
|
Report Date : |
14.12.2011 |
IDENTIFICATION DETAILS
|
Name : |
ANANDILAL AND GANESH PODAR SOCIETY |
|
|
|
|
Registered
Office : |
Podar Education Complex, |
|
|
|
|
Country : |
|
|
|
|
|
Year of
Establishment : |
1927 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Not Divulged |
|
|
|
|
Legal Form : |
Charitable Trust |
|
|
|
|
Line of Business
: |
Not Divulged |
|
|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well established charitable trust providing educational
services through its schools and institutions. The management denied to
disclose any information about the subject. Therefore, the report is based on
indirect sources of information. Payments are unknown. The 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.
INFORMATION DECLINED BY
|
Name : |
Mr. Chandra Shekhar |
|
Designation : |
Account Department |
|
Date : |
10.12.2011 |
LOCATIONS
|
Registered Office : |
Podar Education Complex, |
|
Tel. No.: |
91-22-67111111 |
|
Fax No.: |
Not Available |
|
Website : |
|
|
|
|
|
Head Office : |
85, Podar Center, Chamarbaug Post Office Lane, Dr. B. Ambedkar Road, |
|
Tel. No.: |
91-22-4333 0000 |
|
Fax No.: |
91-22-24714822 |
MANAGEMENT
NOT DIVULGED
KEY EXECUTIVES
|
Name : |
Mr. Chandra Shekhar |
|
Designation : |
Account Department |
BUSINESS DETAILS
|
Line of Business : |
Not Divulged |
GENERAL INFORMATION
|
No. of Employees : |
Information declined by the management |
|
|
|
|
Bankers : |
Not Divulged |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
Not Divulged |
CAPITAL STRUCTURE
|
Capital Investment : |
|
|
Owned : |
Not Divulged |
|
Borrowed : |
Not Divulged |
|
Total : |
Not Divulged |
FINANCIAL DATA
[all figures are
in Rupees Millions]
NOT DIVULGED
The above information has been declined by Mr. Chandra Shekhar
LOCAL AGENCY FURTHER INFORMATION
WEB DETAILS
Profile
The Podar Group of
Schools has been started and operates with the prime purpose of building young minds to spearhead a dynamic future globally.
Podar's stated vision is a commitment to operate and manage quality schools that provide quality education with a focus on
development that is in sync with the needs of the individual child in an era of globalization.
In 1927
Sheth Anandilal Podar, an
eminent Mumbai-based businessman, with interests in cotton mills, founded the
Podar Group of Schools. Interestingly, Mahatma Gandhi, the Father of Nation,
was the first President of the Anandilal Podar Trust (View the minutes of the first Trust meeting) What began as a
single institution is today a multi-school, multi-city, multi-brand entity,
ambitiously executing a growth strategy with an emphasis on global standards.
Headquartered in Mumbai with 7 schools in Santacruz (West), there are now Podar
Schools all across
Podar is a growing network which has a wide spectrum of brands including
Pre-Primary options, Primary and Secondary schools, a Junior College, Part-Time
courses and Teacher Training courses.
There are also a wide choice of educational streams that are offered at Podar
including CBSE, CBSE, Secondary School Certificate (State Board), IGCSE (
Podar has managed to achieve the success it has had due to its excellently
recruited teaching team as well as its focus on technology. Extensive training
is given to all the teachers and it is ensured that they teach students in the
best possible manner. There is a great dedication and commitment found in
Podar's Principals and Teachers, many of whom have been honoured by both the Central and State Governments. The use
of technology in teaching is also strongly emphasized in all Podar schools,
with state-of-the-art computer labs and interactive boards installed in
classrooms. Due to its effective use of technology in education, the Podar
group of schools was awarded the "best
ICT enabled school" in all of
At Podar, the goal is for the students to excel both in and outside of the
classroom. Therefore, extensive emphasis is given to sports and extra-curricular activities. Specialized and
experienced coaches are deployed in a wide spectrum of sporting disciplines.
The schools participate and excel in various inter school sports tournaments.
An inter Podar sports tournament is also organized in which students from the
different Podar schools compete against each other in sports such as
Basketball, Football, Cricket, etc.
All these academic and non academic efforts have paid enormous dividends. Podar
Schools are considered among the 'Best Quality' Schools wherever they operate.
The ICSE and CBSE Board results of Podar Schools are consistently among the best in the city the school
is located.
Podar's commitment to society is unwavering. Ever since its inception 84 years
ago it does not accept donations or deposits.
The commitment to education continues to be focused and firm.
Podar also continues to tap into social
change with an integrated policy of social responsibility. It operates a
school for the deaf and dumb in Jaipur. It also supports a city hospital in the
heart of Mumbai. A few years back, at the suggestion of the Chief Minister of
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
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.40 |
|
|
1 |
Rs.83.32 |
|
Euro |
1 |
Rs.70.44 |
RATING EXPLANATIONS
|
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.