MIRA
INFORM REPORT
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Report Date : |
11.01.2011 |
IDENTIFICATION DETAILS
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Name : |
COMMONWEALTH YOUTH GAMES PUNE 2008 |
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Registered
Office : |
B Wing, 1st Floor, |
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Country : |
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Legal Form : |
Organization engaged in conducting common wealth youth games. |
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Line of Business
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Organizing common wealth youth games.
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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 : |
B Wing, 1st Floor, |
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Website : |
BUSINESS DETAILS
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Line of Business : |
Organizing common wealth youth games.
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LOCAL AGENCY FURTHER INFORMATION
ABOUT THE COMMON WEALTH YOUTH GAMES PUNE 2008:
It was for the FIRST
time, that the Commonwealth Youth Games will be held in
The Inaugural Commonwealth Youth Games were held in
The II Commonwealth Youth Games were held in
The III Commonwealth Youth Games was held in Pune from the 12th to 18th October
2008. Over 1,300 athletes and 350 officials from 71 countries will participate
in these games, in 9 disciplines -Athletics, Badminton, Boxing, Shooting,
Swimming, Table Tennis, Tennis, Weightlifting and Wrestling are included in the
Commonwealth Youth Games 2008.
Apart from the athletes, team officials and Games technical Conduct Officials,
there were representatives from the National and International Federations
along with the representatives of Print and Electronic media.
HISTORY AND TRADITION
The Commonwealth tradition has been carrying forward a magnificent
legacy of co-operation, humanity and unity. The Commonwealth is a unique family
of developed and developing nations, a voluntary association of independent
sovereign states spread over every continent and ocean. From Africa to Asia,
from the Pacific shores to the
COMMONWEALTH YOUTH GAMES
The Commonwealth
Games Federation discussed the idea of a Millennium Commonwealth Youth Games in
1997. In 1998 the concept was agreed on for the purpose of providing a
Commonwealth multi-sport event for young people. The Commonwealth Youth Games
are a mini Commonwealth Games attracting the best young athletes in the
Commonwealth.
The inaugural Commonwealth Youth Games were held in
The success of these Games in
The second edition of the Commonwealth Youth Games was held in Bendigo,
Australia in December 2004, 24 countries participated and contested in 10 sports
events spread over a period of 3 days, which included Athletics, Badminton,
Boxing, Lawn Bowls, Rugby 7’s, Tenpin Bowling, Swimming, Cycling, Gymnastics
and Weightlifting.1000 athletes and team officials were involved in the Games
in Bendigo.
The III Commonwealth Youth Games was held in
Over 1,300 athletes and 350 Officials from 71 countries participated the games.
THE QUAICH
The Quaich is a symbol of the Commonwealth Youth Games and
was the initiative of the organisers of the inaugural Games in
The Commonwealth Games Quaich is a two-handled silver cup sitting 13cm high and
18cm wide. This small size is typical of Quaichs.
SPONSORS:
- Air
- Bank
of
- Bharat Sanchar Nigam Limited
- Hindustan Petroleum Corporation Limited
- Atos Origin
- Bajaj Auto Limited
- Coca Cola
- Maruti Suzuki
- Steel Authority of India Limited (SAIL)
COUNTRIES
PARTICIPATED:
- St Vincent and The Grenadines
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
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Indian Rupees |
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US Dollar |
1 |
Rs.45.44 |
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|
1 |
Rs.70.61 |
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Euro |
1 |
Rs.58.63 |
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.