MIRA
INFORM REPORT
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Report Date : |
29.11.2011 |
IDENTIFICATION DETAILS
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Name : |
BANDARI EDUCATIONAL SOCIETY |
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Registered
Office : |
13-6-463/A/2, Ashok Vihar, Kulsumpura Post, Karwan, Hyderabad – 500067 |
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Country : |
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Year of
Establishment : |
2001 |
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Capital
Investment / Paid-up Capital : |
Not Divulged |
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Legal Form : |
Educational Society |
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Line of Business
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Providing Engineering Education |
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No. of Employees
: |
Not Divulged |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is an established educational society providing engineering
education through its institutions. The management denied to disclose any
information about the subject company. 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.
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
MANAGEMENT NON CO-OPERATIVE
LOCATIONS
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Registered Office : |
13-6-463/A/2, Ashok Vihar, Kulsumpura Post, Karwan, Hyderabad –
500067, India |
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Tel. No.: |
91-40-66758834 |
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Mobile No.: |
91-9866407548 (Mr. Bandari Venkatesh, Secretary) |
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Fax No.: |
91-40-66758834 |
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E-Mail : |
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Website : |
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Head Office : |
101, Srinivasa Plaza, Rethibowli Ring Road, Mehdipatnam, Hyderabad –
500028, Andhra Pradesh, India |
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Tel. No.: |
91-40-66578834 |
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Fax No.: |
91-40-66578834 |
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E-Mail : |
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Institutions : |
Gollapally Village, Chevella Mandal, District Rangareddy – 501503,
Andhra Pradesh, India |
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Tel No.: |
91-8417-204453/ 204460/ 61/62 |
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E-Mail : |
MANAGEMENT
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Name : |
Mr. Srinivas Bandari |
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Designation : |
Chairman |
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Name : |
Mr. Pandu Bandari |
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Designation : |
Vice Chairman |
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Name : |
Mr. Satyanarayana Bandari |
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Designation : |
Vice Chairman |
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Name : |
Mr. Venkatesh Bandari |
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Designation : |
Secretary |
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Name : |
Mr. Girish Babu Desham |
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Designation : |
Joint Secretary |
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Name : |
Mr. Shankar Bandari |
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Designation : |
Treasurer |
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Name : |
Mr. Nagaraju Bandari |
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Designation : |
Correspondent |
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Name : |
Mr. Krishna Bandari |
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Designation : |
Member |
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Name : |
Mr. Narasimha Bandari |
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Designation : |
Members |
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Name : |
Mr. S. Vishweshwar |
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Designation : |
Member |
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Name : |
Mr. P. V. Ramana Murthy |
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Designation : |
Director |
BUSINESS DETAILS
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Line of Business : |
Providing Engineering Education |
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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Institutions : |
· Bandari Srinivas Institute of Technology · Bandari Srinivas Collage of Engineering and Technology. |
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:
Subject is established in the year 2001 with a main motto to provide quality education mainly to the students from rural area. The society in the year 2003-04 started an engineering college in the name and style “Bandari Srinivas Institute of Technology” .The institute has peaceful atmosphere and pollution free environment. The locality if full of fauna and flora with lots of greenery around. This Institute is located in Chevella (M), Gollapally (V) on Chevella - Shankarpally Road. With Devotion and Dedication the advisors, management and the faculty worked hard and developed BSIT as one of the Best technical institute during these seven years. The rich experience and deep satisfaction gained from existing BSIT, encouraged the Society to start another institute named “Bandari Srinivas College of Engineering and Technology” (BSCET) with higher aims and goals. The main aim of subject is to name the institute's located village as Bandari Educational Village offering from schools to Doctorate level courses.
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.52.17 |
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|
1 |
Rs.80.64 |
|
Euro |
1 |
Rs.69.43 |
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.