MIRA
INFORM REPORT
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Report Date : |
18.06.2011 |
IDENTIFICATION DETAILS
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Name : |
ASCEND INTERNATIONAL SCHOOL |
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Registered
Office : |
5, ‘F’ Block, Opposite Government Colony, Bandra Kurla Complex,
Mumbai-400051, Maharashtra |
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Country : |
India |
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Date of
Incorporation : |
Not Divulged |
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Capital
Investment / Paid-up Capital : |
Not Divulged |
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Legal Form : |
School |
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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 divulged by the management. |
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 : |
Project Under Implementation |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is proposed to be an international school and is still in its
implementation stage. The Chief Financial Officer Mr. Anand Prasad provided to
us few general information. The subject will start its activities from
August, 2012. Initially, subject can be considered for business dealings 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.
INFORMATION PARTED BY (GENERAL DETAILS)
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Name : |
Mr. Anand Prasad |
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Designation : |
Chief Financial Officer |
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Contact No.: |
91-9819133964 |
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Date : |
15.06.2011 |
LOCATIONS
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Registered Office : |
5, ‘F’ Block, Opposite Government Colony, Bandra Kurla Complex,
Mumbai-400051, Maharashtra, India |
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Tel. No.: |
91-22-32204625 |
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Mobile No.: |
91-9819133964 (Mr. Anand Prasad) |
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Fax No.: |
91-22-26740565 |
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E-Mail : |
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Website : |
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Administrative Office : |
303, 304, Raheja Plaza, Off Vira Desai Road, Andheri (East),
Mumbai-400053, Maharashtra, India |
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Tel. No.: |
91-22-26740561 / 62 |
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E-Mail : |
TRUSTEE
Not Divulged
KEY EXECUTIVES
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Name : |
Mr. Anand Prasad |
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Designation : |
Chief Financial Officer |
BUSINESS DETAILS
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Line of Business : |
Providing Educational Services. |
GENERAL INFORMATION
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No. of Employees : |
Not divulged by the management |
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Bankers : |
Not Divulged |
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Banking
Relations : |
-- |
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Auditors : |
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 : |
-- |
Note : Sole Proprietory and Partnership concerns are
exempted from filing their financials with the Government Authorities or
Registry.
LOCAL AGENCY FURTHER INFORMATION
WEB SITE DETAILS
HISTORY
Subject will open its doors in August 2012. Subject is characterized by
a highly qualified faculty and staff, innovative individualized programs,
experienced leadership, and state of the art facilities.
Subject is a contemporary school, modeled after the progressive
educational philosophy of University Child Development School in
Seattle, USA. The founders of subject have envisioned a school in Mumbai that
addresses the individual needs of children in their academic, social and global
environments. The customized program at subject is built upon proven teaching
practices, coupled with current educational research. Their program is designed
to address the growing need for reflective, creative critical-thinkers in an
evolving 21st century. Students who spend their school years at subject will
leave well-prepared to navigate both their academic and social communities.
Graduates are confident, collaborative, self-advocates with a life-long love of
learning.
As with all successful schools, it is the teachers who make subject
exceptional, sustained by the vision of the leadership and administration. From
the moment you walk through the doors of subject, you experience the energy of
their students, faculty and community. Subject is a vibrant educational
community with a focus on an individualized curriculum. Their multi-age
classrooms are innovative learning laboratories where students and faculty are
highly interactive.
ADMISSION PHILOSOPHY
Subject recognizes and teaches to the individual learning styles found within
all students. Through our admission process, they work to build diverse and
successful groups of learners. This thoughtful process allows them to
thoroughly evaluate and consider each individual applicant as they look for
children who will thrive in an environment that is respectful, innovative,
academically rigorous, and where the students enjoy taking intellectual risks.
SCHOOL AND CLASS SIZE
Their inaugural school year begins August 2012. In this first year, the
school will accept enrollments from pre-Kindergarten through third grade
students. Subject is committed to small classes of 18 students and a
teacher to student ratio of 1:8 throughout the school.
FACULTY
Teachers at subject bring diverse teaching experiences from some of the
finest learning institutions in the world. What brings them together at subject
is their deep commitment to children and their pursuit of excellence as
educators. Subject teachers are:
- Experts in their field
- Passionate educators
- Responsive instructors
- Master collaborators
- Avid researchers
Along with
classroom teachers, subject employs faculty specialists in the areas of
Physical Education, Art, Music, Science, Technology, Language and Yoga
instruction
COMMUNITY
Subject builds a strong community between students, teachers, staff, parents,
and the broader community. Communication and partnerships between parents and
teachers foster a greater understanding of the development of the child as a
whole person. Parents are invited to participate in community events to
help solidify the home-school connection.
NEWS
A School with a
View, Buildotech Magazine
31/03/2011
With mushrooming international schools having modern facilities, Mithun Architects
decided to rope in Donald Carlson, FAIA, a renowned architect from Seattle
Washington to design the Ascend International School (AIS) campus in Mumbai
keeping in mind India’s construction codes and methods as opportunities for
innovation. While designing the school campus, Carlson identified aspects of
India’s culture, values and spirituality and represented them in the school
building. The campus captures distinct innovative elements that optimizes magic
and makes learning accessible to students in their school environment. The
classrooms and design studios have been designed with the inputs of teachers so
that each and every space is purposeful and children are engaged and inspired
every day of the school year. Through his works, Carlson creates innovative
design concepts and solutions that grow from the unique characteristics and
personality of each situation – be it an educational community, a company or a
place. He always considers the “larger picture” to determine how each project
will fulfill its intended purpose and how it will enhance the quality of the
learning experience and the life of its community
Mithun Designs
Innovative New School for Children
26/11/2010
SEATTLE — 04.02.2010 — Education is a growth industry in India. It is
the path that will transform India into an economic and political powerhouse,
and everybody, it seems, is buying into the dream. New schools sprout up every
day, yet many follow established curricula and methods of teaching. Ascend
International School – conceived by Mr. Bhagat Patil, chairman of the Kasegaon
Education Society, and inspired by Seattle’s University Child Development
School – introduces a decidedly innovative approach to education in India:
while the curriculum is rigorous and integrates the concepts and skills
embedded within the major disciplines, learning happens through a process of
joyful discovery, and teaching is individualized and responsive to the talents
of each student.
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 t: 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.44.93 |
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|
1 |
Rs.72.42 |
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Euro |
1 |
Rs.63.62 |
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.