MIRA
INFORM REPORT
|
Report Date : |
22.07.2011 |
IDENTIFICATION DETAILS
|
Name : |
SHREE CHANAKYA EDUCATION SOCIETY |
|
|
|
|
Registered
Office : |
85/5-A, Tapasya, Pune – 411033, |
|
|
|
|
Country : |
|
|
|
|
|
Year of
Establishment : |
1994 |
|
|
|
|
Capital
Investment : |
Not Divulged |
|
|
|
|
Legal Form : |
Education Society |
|
|
|
|
Line of Business
: |
Providing top quality education in the field of Business Management, International
Business and Information Technology. |
|
|
|
|
No. of Employees
: |
700 (approximately) |
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 an established and reputed group of institutes providing
top quality education in the field of Business Management, International
Business and Information Technology. Trade relations are reported as fair.
Payment terms are unknown. 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 PARTED BY (GENERAL DETAILS)
|
Name : |
Ms. Vinaya |
|
Designation : |
Accountant |
|
Contact No.: |
91-20-66739825 |
|
Date : |
19.07.2011 |
LOCATIONS
|
Registered Office : |
85/5-A, Tapasya, Pune – 411033, |
|
Tel. No.: |
91-20-66739862 |
|
Fax No.: |
91-20-66739852 |
|
Website : |
|
|
|
|
|
Institutes : |
Indira Group of Institutes Add :
'Tapasya' 85/5-A, New Tel. :
+91-20-22933279 - 84, Toll-Free
No. – 18002094332 Fax:
+91-20-22932633 email :
info@indiraedu.com Indira Institute of Management Add : Tapasya'
85/5-A, New Tel. :
+91-20-66739862,66759400/500, Toll-Free
No. - 18002094332 Fax : +91-20-22934126
email : info@indiraedu.com Indira Institute of Management (MCA) Add : 'Sarathya'
85/5-B, New Tel. :
+91-20-66759481,66759493 Fax : +91-20-66759457 email : info@indiraiimpmca.edu.in Add : 'Niramay',
89/2A, New Tel. : +91-20-66759601/66759603 Fax:
+91-20-22934220 email : adminicp@indiraicp.edu.in Add : 'Dhruv',
89/2A, New Tel. :
+91-20-22934217/18/19 Fax:
+91-20-22932633 email : janardanp@iccs.ac.in Add : S. No.
64,65 Gat No. 276, Parandwadi, Off Pune-Mumbai Express Highway, Near Somatane
Fata, Taluka - Maval, Pune - 410 506, Maharashtra, India. Tel. :
+91-2114-661601/2, 661500---- Fax :
+91-2114-661700 email : info@indiraicem.ac.in
Add :Off New Tel : (020) 66759459, 66759400, 66759449 Fax : (020) 22934116 (telefax). e-mail : admissions@indiraiscs.in Add :
'Samanvay' 85/5-B, New Tel. : (020)
66759459, 66759400, 66759449, 9049389234 Fax : (020)
22934116 (telefax). email : isc@indiraedu.com Add : 'Abhinavan',
S. No. 89/2A, New Tel. :
+91-20-22932213/14/15, Toll-Free
No. – 18002094332 Fax :
+91-20-22932217 email : info@indiraisbs.ac.in Add : 4, Tel. : +91-20-25538185,
25532242 Fax :
+91-20-25521006 email : icbm@indiraiimp.edu.in Add : Sr. No.
111/1/2, Next to Wakad Police Chowky, Off New Tel. :
+91-20-32315664/63 Fax :
+91-20-66731622 email : info@indiranationalschool.ac.in www.indiranationalschool.ac.in
Indira Kids Add : Sr. No.
149/2A, Sukant Apartments, Near Parihar Chowk, Aundh, Pune 411007, Tel. :
+91-20-25896266, 25880451, 40058643 email : info@indirakids.ac.in Add : Sl. 1/1 Tel. :
+91-20-30780036 - 39 Fax :
+91-20-30780051 email : info@indiraiscd.ac.in Indira Global Add : 64/65,
Parandwadi, Maval, Pune - 410506. Tel. : +91 -
2114 - 237778, Toll-Free No. - 18002094332 Fax : +91 -
2114 – 237779 email : globeteam@indiragbs.edu.in Add : Sl. 1/1 Tel. :
+91-20-30780036 - 39 Fax : +91-20-30780051 |
MANAGEMENT
|
Name : |
Mr. Chetan S. Wakalkar |
|
Designation : |
Member |
|
|
|
|
Name : |
Dr. Tarita Shankar |
|
Designation : |
Member |
KEY EXECUTIVES
|
Name : |
Ms. Vinaya |
|
Designation : |
Accountant |
BUSINESS DETAILS
|
Line of Business : |
Providing top quality education in the field of Business Management,
International Business and Information Technology. |
GENERAL INFORMATION
|
No. of Employees : |
700 (approximately) |
|
|
|
|
Bankers : |
|
|
|
|
|
Facilities : |
-- |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Shashak and Associates Chartered Accountant |
|
Address : |
Pune, |
CAPITAL STRUCTURE
|
Capital Investment : |
|
|
Owned : |
Not Divulged |
|
Borrowed : |
Not Divulged |
|
Total : |
-- |
FINANCIAL DATA
[all figures are
in Rupees Millions]
Not Divulged
Note : Sole Proprietory and Partnership concerns are
exempted from filing their financials with the Government Authorities or
Registry.
LOCAL AGENCY FURTHER INFORMATION
AS PER WEBSITE
DETAILS
History:
Subject, Pune, was established in 1994, with the explicit vision to provide sustainable impetus to the corporate and entrepreneurial abilities in the youth.
The realization that a robust framework of education is indispensable for the
growth of global leaders, the visionary,
Dr. Tarita Shankar,
Chairperson, Indira Group, integrated her pursuit of excellence and articulated
educational institutions, known as Indira
Group of Institutes (IGI), which imbibe human excellence and
demonstrate strong social values, with a single minded pursuit of developing
the youth to become business leaders.
Unrelenting initiatives by the management team at Indira led to adding of
multi-disciplines such as Management, Information Technology, Pharmacy,
Commerce, Science, Engineering and Mass Communication to the group. And growth
has been as deep as it has been wide. With 14 institutions, IGI now offers
education right from Kindergarten to Doctorate level studies.
IGI believes in the economic independence of individuals. In this endeavor they
aim to inspire there post graduate students to create a niche for them selves
in the Indian Economic order first, and then compete globally. They owe there
gratitude to the Indian Industry for consistently collaborating with us in this
endeavor. Renowned industrialists have visited us and tremendously enhanced the
morale of there students by sharing their vast knowledge and experience about
entrepreneurial opportunities and foster a spirit of entrepreneurship amongst
students.
Having traversed the journey of thirteen years they have there selves made
certain significant achievements which they are aware, are but the building
blocks for achieving further heights.
- Indira is ranked amongst the top 2 B-schools in Pune, by the prestigious AIMA - IMJ.
- The
same journal gave us a top 30, all
- The students have shown good academic results and have been at the level of university ranking.
- The achievements of there students have enabled them to attract some of the best corporate recruiters.
- Indira Group of Institutes and there goodwill has enabled us to establish campus agreement with Microsoft for using different software.
- The goodwill with Microsoft was further accentuated with Microsoft conducting workshops at Indira, for train the trainer modules.
- Business
- The Institutes have received accreditation from various certifying bodies.
- Indira
Institute of Management was the first management institute in Maharashtra
to receive the accreditation from the NBA,
- They
also have there audiovisual centers supported by
PROFILE:
Over the past decade, companies across almost all industries
in
The efforts will have
to double up, particularly when there exists an increasing possibility of
winnings. For Indian business, this involves a change of strategy, structure,
culture, compensation and every thing from sparking innovation to streamlining
internal processes. The solution to this conundrum of this organizational
complexities will have to be provided by there future managers. In order to win
in today's fiercely competitive business environment, they will have to excel
at short-term execution of their business objectives, while pursuing long-term
visions that cerate new paradigms.
At the Indira Group
of Institutes, they have picked up the gauntlet thrown down by the demands of
the existing business environment. The motto at Indira is the pursuit of
excellence, a fact that is evident from there infrastructure and the quality of
individual candidates – the Indraites. At the core of there philosophy lies the
conviction that they must become ambidextrous, and this dynamism is translated
in to the knowledge provided to out students. They look forward to a constant
search for excellence to constantly strengthen there efforts and make this
country a place to reckon with, in the world community.
CHAIRPERSON PROFILE
Dr. Tarita Shankar holds a Degree in Arts (Gold
Medalist), Law and Phd. in Management.
She has been an evangelist for social good all through her illustrious
career spanning the world of community welfare, infrastructure and now, education.
Her tremendous talents in community networking brought her laurels in the form
of career updates and opportunities for society welfare deeds which made
her decide to take up education as a vocation for the greater common good of
the society she lives in. In this venture, she brought to bear
her organizational and leadership skills which had already brought her to
the limelight in her assignments, including in
COMMUNITY WELFARE INITIATIVES:
While education continues to be the mainstay of her involvement
with the community, she has made service to the neglected sections of community
an article of faith, through the multi-pronged assistance that Indira Group has
embarked upon to service organizations that are working for the welfare of the
underprivileged. This includes assistance to students, physically
handicapped and orphaned children, senior citizens etc. Also she has an
abiding interest in the spiritual development of the students of Indira for
which she has been consistently arranging talks and discourses by experts in
Yoga and Indian spirituality.
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 records 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.44.43 |
|
|
1 |
Rs.71.90 |
|
Euro |
1 |
Rs.63.41 |
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.