MIRA
INFORM REPORT
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Report Date : |
30.12.2011 |
IDENTIFICATION DETAILS
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Name : |
RANADEY PROFESSIONAL SERVICES |
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Registered
Office : |
Krishna Keval Nagar, 1-A, Kondhwa Khurd, Pune – 411048,
Maharashtra |
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Country : |
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Year of
Establishment : |
2002 |
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Capital
Investment / Paid-up Capital : |
Not Divulged |
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Legal Form : |
Not Divulged |
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Line of Business
: |
Providing Actuarial Consulting Services. |
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No. of Employees
: |
Not Divulged |
RATING & COMMENTS
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MIRA’s Rating : |
C |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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Status : |
Undetermined |
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Payment Behaviour : |
Unknown |
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Litigation : |
-- |
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Comments : |
Ms. Teja Ranadey Managing Director denied to disclose any information
about the subject company. Therefore the report is based on indirect sources
of information Initially, subject can be considered for business dealing on a safe
and secured 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 – September 30, 2011
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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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 |
INFORMATION DECLINED BY
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Name : |
Ms. Teja Ranadey |
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Designation : |
Managing Director |
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Date : |
26.12.2011 |
LOCATIONS
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Registered Office : |
Krishna Keval Nagar, 1-A, Kondhwa Khurd, Pune – 411048,
Maharashtra, India |
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Tel. No.: |
91-20-26831820 |
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USA Tel. No.: |
503-336-5134 |
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Fax No.: |
91-20-26836864 |
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E-Mail : |
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Website : |
http://www.ranadeyconsultants.com |
MANAGEMENT
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Name : |
Dr. Shrikant S. Ranade |
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Designation : |
Chairman |
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Qualification : |
M.D., M.A.M.S., D.A. |
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Name : |
Ms. Teja Ranade |
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Designation : |
Managing Director |
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Qualification : |
FSA |
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Name : |
Ms. Seema Bajaj |
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Designation : |
Director |
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Qualification : |
M.S. |
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Name : |
Mr. A. D. Gupta |
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Designation : |
Vice President |
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Qualification : |
Consulting Actuary |
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Experience : |
More than 30 years |
BUSINESS DETAILS
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Line of Business : |
Providing Actuarial Consulting Services. |
GENERAL INFORMATION
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No. of Employees : |
Not Divulged |
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Bankers : |
Not Divulged |
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Banking
Relations : |
-- |
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Auditors : |
Not Divulged |
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Associates/Subsidiaries : |
Not Divulged |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Not Divulged |
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Borrowed : |
Not Divulged |
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Total : |
Not Divulged |
FINANCIAL DATA
[all figures are
in Rupees Millions]
NOT DIVULGED
LOCAL AGENCY FURTHER INFORMATION
WEBSITE DETAILS:
PROFILE:
Ranadey Professional Services (2002) is an actuarial consulting firm
registered in Pune India. They provide actuarial consulting services in
pensions, life insurance and general insurance for various clients in India,
USA and Nepal. Our company is a part of the IMT Ranadey group of companies. The
IMT Ranadey group is the pioneer of micronutrients technology in India and has
been actively involved in the manufacture and marketing of agro input products
for the past 40 years.
THE TEAM
Dr. Shrikant.S. Ranade M.D., M.A.M.S,
D.A
Chairman
Dr. Ranade has an M.D. in Anesthesia from the renowned B.J. Medical College of Pune. He quit his medical practice in 1977 to focus on his family start-up Institute of Micronutrient Technology. He has successfully expanded the company to a 400-employee institution with 8 offices all over India and 2 offices overseas. Dr. Ranade now acts in an advisory capacity for Ranadey Professional Services.
Ms. Teja
Ranade-Gadhoke (F.S.A)
Managing Director
Teja is a Fellow of the Society of Actuaries (SoA). She has a B.S. Mathematics degree from the University of Texas at Austin and an M.A. Statistics from Columbia University New York. She has worked with Watson Wyatt Boston office from 1999-2002. After a brief stint at a large life insurance company in India she now heads the actuarial practice at Ranadey Professionals.
Ms. Seema Bajaj
M.S.
Director
Seema has a Bachelors degree in Mathematics and a Masters degree in Computer Management from Symbiosis College of Pune. She coordinates and manages the pensions and insurance consulting division for our overseas clients. She has created PENACT – the actuarial liability valuation tools for pensions and is responsible for maintenance and compliance with latest regulations.
Mr. A.D. Gupta FIAI
(1987)
Consulting Actuary
Mr. A.D. Gupta is a Fellow of the Institute of Actuaries of India and is also currently the Vice President of the Institute of Actuaries of India. He has been an independent pension consultant since 1993 and brings with him actuarial experience of more than 30 years working with various clients in India and in U.K. Mr. Gupta is the consulting actuary for Ranadey Professional Services.
They have an enthusiastic team of actuarial analysts who are
on the actuarial exam track growing to become qualified actuaries.
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.52.89 |
|
|
1 |
Rs.82.71 |
|
Euro |
1 |
Rs.69.15 |
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.