MIRA
INFORM REPORT
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Report Date : |
01.02.2012 |
IDENTIFICATION DETAILS
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Name : |
INDIAN SPACE RESEARCH ORGANISATION |
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Registered
Office : |
ISRO Headquarters, Antariksh Bhavan, New Bel Road, Bangalore – 560094,
Karnataka, India |
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Country : |
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Date of
Incorporation : |
Not Available |
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TAN No.: [Tax Deduction &
Collection Account No.] |
BLRI01432E |
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Legal Form : |
Part of
Department of Space, Government of |
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Line of Business
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Research Centre |
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No. of Employees
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Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
A |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is an established organisation is under the control and
management of Department of Space, Government of India. It is an independent
centre. Due to the nature of its operations, no detail financials and other
information can be available from any sources. However, as it is a wholly owned organisation of Government of India,
it can be considered for any business dealing at usual trade terms and condition.
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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 – 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 |
LOCATIONS
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Registered Office : |
ISRO Headquarters, Antariksh Bhavan, New Bel Road, Bangalore – 560094,
Karnataka, India |
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Tel No.: |
Not Available |
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Fax No.: |
Not Available |
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Website : |
MANAGEMENT
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Name : |
Dr. K Radhakrishnan |
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Designation : |
Present Chairman |
LOCAL AGENCY FURTHER INFORMATION
WEB DETAILS
INDIAN SPACE RESEARCH
ORGANISATION
ABOUT ISRO
Space activities in the country started during early 1960s with the
scientific investigation of upper atmosphere and ionosphere over the magnetic equator
that passes over Thumba near Thiruvananthapuram using small sounding rockets
Realising the immense potential of space technology for national development, Dr. Vikram Sarabhai, the visionary
leader envisioned that this powerful technology could play a meaningful role in
national development and solving the problems of common man.
Thus, Indian Space programme born in the church beginning, space
activities in the country, concentrated on achieving self reliance and
developing capability to build and launch communication satellites for
television broadcast, telecommunications and meteorological applications;
remote sensing satellites for management of natural resources.
The objective of ISRO is to develop space technology and its application
to various national tasks. Accordingly, Indian Space Research Organisation
(ISRO) has successfully operationalised two major satellite systems namely
Indian National Satellites (INSAT) for communication services and Indian Remote
Sensing (IRS) satellites for management of natural resources; also, Polar
Satellite Launch Vehicle (PSLV) for launching IRS type of satellites and
Geostationary Satellite Launch Vehicle (GSLV) for launching INSAT type of
satellites.
The Space Commission formulates the policies and oversees the
implementation of the Indian space programme to promote the development and
application of space science and technology for the socio-economic benefit of
the country. DOS implements these programmes through, mainly Indian Space
Research Organisation (ISRO), Physical Research Laboratory (PRL), National
Atmospheric Research Laboratory (NARL), North Eastern-Space Applications Centre
(NE-SAC) and Semi-Conductor Laboratory (SCL). The Antrix Corporation,
established in 1992 as a government owned company, markets the space products
and services
CURRENT PROGRAMME
From the beginning, space activities
in the country, concentrated on achieving self reliance and developing
capability to build and launch communication satellites for television
broadcast, telecommunications and meteorological applications; remote sensing
satellites for management of natural resources.
Accordingly, Indian Space Research
Organisation (ISRO) has successfully operationalised two major satellite
systems namely Indian National Satellites (INSAT) for communication services
and Indian Remote Sensing (IRS) satellites for management of natural resources;
also, Polar Satellite Launch Vehicle (PSLV) for launching IRS type of
satellites and Geostationary Satellite Launch Vehicle (GSLV) for launching
INSAT type of satellites.
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Satellites
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INSAT
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IRS
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Launch Vehicle
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PSLV
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GSLV
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Satellite Applications
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SatCom Applications
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Remote Sensing
Applications
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VRC
FUTURE PROGRAMME
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RISAT - 1 |
Radar Imaging Satellite (RISAT) is a microwave remote
sensing satellite carrying a Synthetic Aperture Radar (SAR)
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INSAT - 3D |
INSAT-3D, an exclusive meteorological satellite, is
configured with advanced meteorological payloads - a 6 Channel Imager, 19 Channel
Sounder along with Data Relay Transponder and Satellite Aided Search &
Rescue payloads. The spacecraft platform is adopted from the standard I-2K
bus with a power handling capability of around 1100 W with a lift off mass of
2090 kg. |
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SARAL |
The Satellite for ARGOS and ALTIKA (SARAL) is a joint ISRO
- CNES mission, and will be launched during 2011-12, by PSLV-C20 into a
sun-synchronous orbit with a local time of 6 pm descending node at an
altitude of around 800 km. |
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ASTROSAT |
ASTROSAT is a national multiwavelength space borne
astronomy observatory, which would enable simultaneous observations of the
celestial bodies, cosmic sources in X-ray and UV spectral bands. The
uniqueness of ASTROSAT lies in its wide spectral coverage extending over
visible (3500-6000 Å), UV (1300-3000 Å), soft X and hard X ray regions (0.5-8
keV; 3-80 keV).
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GSAT-6 |
GSAT-6 spacecraft is configured with five S-band beams to
cover the Indian main land, each beam supporting one CxS-band forward link
transponder and one SxC-Band return link transponder. Thus, the 5 beams will have
paired five transponders. The communication link operates through a Hub. The
spacecraft employs the standard I-2k has with a power generation capability
of around 3.1 KW. The spacecraft weighs 2200 kg at lift-off. The payload uses
a high power S-Band TWTA and a new technology 6m unfurlable antenna. |
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GSAT-7 |
GSAT-7 is a multi-band satellite carrying payloads in UHF,
S-band, C-band and Ku-band. It is planned to be launched during 2011 onboard
GSLV. The satellite weighs 2330 kg with a payload power of 2000W. The
configuration of the satellite has been finalised and the design of new
payload elements is completed. |
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GSAT-9 |
GSAT-9 will carry 12 Ku band transponders with |
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GSAT-10 |
GSAT-10 spacecraft, envisaged to augment the growing need
of Ku and C-band transponders carries 12 Ku Band, 12 C Band and 12 Extended C
Band transponders and GAGAN (GPS and GEO augmented navigation) payload. The
spacecraft employs the standard I-3K structure with power handling capability
of around 6 KW with a lift off mass of 3400 kg. Subsystem fabrication and testing
is in progress to realise the spacecraft for launch during 2012. |
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GSAT-11 |
GSAT-11 is based on I-4K bus which is under advanced stage
of development. The spacecraft can generate 10-12 KW of power and can support
payload power of 8KW. The payload configuration is on-going. It consists of
16 spot beams covering entire country including Andaman and |
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GSAT-14 |
GSAT-14 is intended to serve as a replacement for EDUSAT
as the spacecraft is configured with 6 Ku and 6 Ext C band transponders
providing |
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IRNSS-1 |
Indian Regional Navigational Satellite System (IRNSS)-1,
the first of the seven satellites of the IRNSS constellation, carries a
Navigation payload and a C-band ranging transponder. The spacecraft employs
an optimized I-1K structure with a power handling capability of around 1600W
and a lift off mass of 1380 kg, and is designed for a nominal mission life of
7 years. The first satellite of IRNSS constellation is planned to be launched
onboard PSLV during 2012-13 while the full constellation is planned to be
realised during 2014 time frame. |
FORTHCOMING LAUNCHES
PSLV-C19
The PSLV-C19 carrying RISAT-1, microwave remote sensing
satellite is expected be launched during the last quarter of 2011.
FUTURE LAUNCH VEHICLE
GSLV-Mk III
The
GSLV Mk III is conceived and designed to make ISRO fully self reliant in launching
heavier communication satellites of INSAT-4 class, which weigh 4500 to 5000 kg.
The vehicle envisages multi-mission launch capability for GTO, LEO, Polar and
intermediate circular orbits.
GSLV
Mk III is designed to be a three stage vehicle which is 42.4 m tall with a lift
off mass of 630 tonnes. The booster stage comprises two identical S-200 large
solid boosters with 200 tonne of solid propellants that are strapped on to the
L-110 core liquid stage. The upper stage is the C25 cryogenic stage. The
payload fairing measures 5 m in diameter with a payload volume of 100 cu m. The
development work on GSLV MkIII is progressing for the first experimental launch
during 2012.
REUSABLE LAUNCH VEHICLE-TECHNOLOGY DEMONSTRATOR
(RLV-TD)
As
a first step towards realizing a Two Stage To Orbit (TSTO) fully re-usable
launch vehicle, a series of technology demonstration missions have been
conceived. For this purpose a Winged Reusable Launch Vehicle technology
Demonstrator (RLV-TD) has been configured. The RLV-TD will act as a flying test
bed to evaluate various technologies viz., hypersonic flight, autonomous
landing, powered cruise flight and hypersonic flight using air breathing
propulsion. First in the series of demonstration trials is the hypersonic
flight experiment (HEX).
HUMAN SPACE FLIGHT
A
study for undertaking human space flight to carry human beings to low earth
orbit and ensure their safe return has been made by the department. The department
has initiated pre-project activities to study technical and managerial issues
related to undertaking manned mission with an aim to build and demonstrate the
country’s capability. The programme envisages the development of a fully
autonomous orbital vehicle carrying 2 or 3 crew members to about 300 km low
earth orbit and their safe return.
Space Capsule Recovery Experiment
(SRE-II)
The
main objective of SRE II is to realize a fully recoverable capsule and provide
a platform to conduct microgravity experiments on Micro-biology, Agriculture,
Powder Metallurgy, etc. SRE-2 is proposed to be launched onboard PSLV during
2011-12.
Chandrayaan-2
Chandrayaan-2,
The following five payloads are selected for Orbiter.
1.
Large Area Soft X-ray Spectrometer (CLASS) and
Solar X-ray Monitor (XSM) for mapping the major elements present on the lunar
surface.
2.
L and S band Synthetic Aperture Radar (SAR) for probing
the first few tens of meters of lunar surface for the presence of different
constituents including water ice. SAR is expected to provide further evidence
confirming the presence of water ice below the shadowed regions of the moon.
3.
Imaging IR Spectrometer (IIRS) for mapping of lunar
surface over a wide wavelength range for the study of minerals, water molecules
and hydroxyl present.
4.
Neutral Mass Spectrometer (ChACE-2) to carry out a
detailed study of the lunar exosphere.
5.
Terrain Mapping Camera-2 (TMC-2) for preparing a
three-dimensional map essential for studying the lunar mineralogy and geology.
6.
Following
two scientific payloads selected for Indian Rover would carry out elemental
analysis of the lunar surface near the landing site
1.
Laser Induced Breakdown Spectroscope (LIBS).
2.
Alpha Particle Induced X-ray Spectroscope (APIXS).
Aditya-1
The
First Indian space based Solar Coronagraph to study solar
GAGAN
The
Ministry of Civil Aviation has decided to implement an indigenous
Satellite-Based Regional GPS Augmentation System also known as Space-Based
Augmentation System (SBAS) as part of the Satellite-Based Communications,
Navigation and Surveillance (CNS)/Air Traffic Management (ATM) plan for civil
aviation. The Indian SBAS system has been given an acronym GAGAN - GPS Aided
GEO Augmented Navigation. A national plan for satellite navigation including
implementation of Technology Demonstration System (TDS) over the Indian air
space as a proof of concept has been prepared jointly by Airports Authority of
India (AAI) and ISRO. TDS was successfully completed during 2007 by installing
eight Indian Reference Stations (INRESs) at eight Indian airports and linked to
the Master Control Center (MCC) located near
The
next major milestone in GAGAN is the conduct of PSAT (Preliminary System
Acceptance Testing) which has been successfully completed in Dec 2010. The
first GAGAN navigation payload is slated on GSAT-8 which was launched on May
21, 2011. The second GAGAN payload is scheduled to be launched on GSAT-10 in
the first quarter of 2012. The third GAGAN payload is planned on another GEO
satellite.
ISRO Centres
Apart from VSSC, ISRO Satellite
Centre (lSAC) at
Evolution of VSSC
VSSC has its origin in the
Thumba Equatorial Rocket Launching Station (TERLS). TERLS became operational on
November 21, 1963 with the successful launching of a two-stage sounding rocket,
'Nike-Apache'. After the death of Dr. Vikram Sarabhai, on December 30, 1971,
the whole complex at Thiruvananthapuram was renamed as "Vikram Sarabhai
Space Centre".
Early Days of ISRO
Indian space programme
is driven by the vision of Dr Vikram Sarabhai. Setting up of the Indian
National Committee for Space Research (lNCOSPAR) in 1962 marked its beginning.
Establishment of a rocket launching station at Thumba also started in the same
year. The Indian Space Programme was institutionalized in November 1969 with
the formation of Indian Space Research Organisation (ISRO). The Government of
India constituted the space commission and established the Department Of Space
(DOS) in June 1972 and brought ISRO under DOS.
Indian Space programme aims to
promote the development and application of space science and technology for the
socio-economic benefit of the country. ISRO has established two major space
systems, Indian National Satellite Systems (INSAT) for communication,
television broadcasting and meteorological services, and Indian Remote Sensing
Satellites (IRS) system for resource monitoring and management. ISRO has
developed two satellite launch vehicles, PSLV and GSLV, to place IRS and INSAT
class satellites in the required orbits. Department of Space (DOS) implements
these programmes through ISRO and other agencies, such as National Remote
Sensing Agency (NRSA), Physical Research Laboratory (PRL), National Atmospheric
Research Laboratory (NARL), North-Eastern Space Applications Centre (NE-SAC)
and Semiconductor Laboratory (SCL).
VSSC is a major R and D
Centre with core competencies in varied disciplines. The Centre has
well-defined and focused research activities and pursues research and
development in the fields of aeronautics, avionics, composites, computer and
information technology, control guidance and simulation, materials
and mechanical engineering, mechanisms vehicle integration and testing,
propellants and polymers, propulsion and space ordnance, and systems
reliability. These research entities are the system development agencies for
the projects and thus provide for the realization of the project objectives.
Management functions are supported by management systems area. The Centre
depends on administrative and auxiliary services for support.
Space Physics
Fundamental research in
space sciences is being carried out at Space Physics Laboratory. Research
activities are spread over a wide range of disciplines such as surface boundary
level physics, atmospheric aerosols, chemistry of radiation, atmospheric
dynamics, etc.
ISRO has developed an
array of sounding rockets and four generations of launch vehicles and thus
establishing operational space transportation system. After the first Nike
Apache sounding rocket, a series of rockets were launched from Thumba, which
was followed by many other sounding rockets of various types such as Arcas and
Dragon from
The beginning of
eighties marked a watershed in launch vehicle development. The first successful
flight of SLV-3 took place on July 18, 1980. The SLV-3 programme was
subsequently wound up after the intended four flights. It was followed by the
Augmented Satellite Launch Vehicle, which could launch 150kg satellites into
near earth orbits.
The nineties saw the
emergence of
GSLV
The first decade of the
present century, saw Geosynchronous Satellite Launch Vehicle (GSLV), which made
a series of flights. The first GSLV mission was successfully made in April
2001. On May 8, 2003, GSLV-D2 mission put GSAT2 satellite into a Geosynchronous
Transfer Orbit (GTO). The Launch of EDUSAT, a satellite dedicated for
teleeducation, through GSLV-F01 was an epoch making event. The next mission of
GSLV will launch INSAT 4CR, a repeat of the INSAT 4C, which was lost in the
failed GSLV-F-02 mission.
Space Capsule
Recovery Experiment
January 2007 marked
another major milestone in the history of the Centre when the Space Capsule
Recovery Experiment Module (SRE-1) was safely brought back to earth after 10
days in orbit. This is the culmination of perfecting a host of technologies,
including the important thermal protection systems, which could withstand the
large heat flux of the reentry through atmosphere.
Quality Objectives
VSSC is certified for
compliance to ISO 9001 :2000 quality management system. The quality objectives
of the Centre are planning, implementing and maintaining a quality system
during design, development, production and operation of subsystems and systems
for launch vehicles. It also aims at achieving continued improvement in the process
leading to zero defect. Innovation through technology development programmes
for achieving excellence, achieving cost effectiveness by utilizing appropriate
proven technologies, using existing infrastructure maximally and achieving
self-reliance through indigenisation programmes utilizing Indian industries.
The Workforce
VSSC has a large
workforce of about 4500 employees, most of them specialists in frontier
disciplines. With its state of the art facilities in all the disciplines, the
Centre has grown expertise in a host of technology areas.
GSLV-Mk III vehicle is being developed
with the ambitious goal of self-sufficiency in launching 4T class satellites to
GTO from Indian soil. Now under development, the GSLV Mklll will be a 630 tonne
vehicle with indigenous cryogenic stage. Air Breathing Propulsion project is
the technology development project for design and development of air breathing
propulsion systems for advanced reusable launch vehicles. The centre is working
on Reusable Launch Vehicle –Technology Demonstrator project that primarily
demonstrates the mission in the hypersonic regime, re-entry and recovery
technologies.
DEPARTMENT OF SPACE
AND ISRO HEADQUARTER
The Department of Space (DOS) has
the primary objective of promoting development and application of space science
and technology to assist in all-round development of the nation.
Towards this, DOS has evolved the following programmes :
· Launch Vehicle programme having indigenous capability for launching spacecrafts.
· INSAT Programme for telecommunications, broadcasting, meteorology, development of education etc.
· Remote Sensing Programme for application of satellite imagery for various developmental purposes.
· Research and Development in Space Sciences and Technology for serving the end of applying them for national development.
Organization
With the setting up of Indian
National Committee for Space Research (INCOSPAR) in 1962, the space activities
in the country were initiated. In the same year, the work on Thumba Equatorial
Rocket Launching Station (TERLS) near Thiruvananthapuram was also started.
Indian Space Research Organisation (ISRO) was established in August 1969. The
Government of India constituted the Space Commission and established the
Department of Space (DOS) in June 1972 and brought ISRO under DOS in September
1972.
The Space Commission formulates the policies and oversees the implementation of
the Indian space programme to promote the development and application of space
science and technology for the socio-economic benefit of the country. DOS
implements these programmes through, mainly, Indian Space Research Organisation
(ISRO), Physical Research Laboratory (PRL), National Atmospheric Research
Laboratory (NARL), North Eastern-Space Applications Centre (NE-SAC) and
Semi-Conductor Laboratory (SCL). The Antrix Corporation, established in 1992 as
a government owned company, markets the space products and services.
The establishment of space systems and their applications are coordinated by
the national level committees, namely, INSAT Coordination Committee (ICC),
Planning Committee on National Natural Resources Management System (PC-NNRMS)
and Advisory Committee of on Space Sciences (ADCOS).
The Secretariat of DOS and ISRO Headquarters are located at Antariksh Bhavan in
Bangalore. Programme offices at ISRO Headquarters coordinate the programmes
like satellite communication, earth observation, launch vehicle, space science,
disaster management support, sponsored research scheme, contracts management,
international cooperation, safety, reliability, publications and public
relations, budget & economic analysis, civil engineering and human
resources development.
ISRO INERTIAL
SYSTEMS UNIT (IISU)
Introduction:
Space activities in the country
started during early 1960s with the scientific investigation of upper
atmosphere and ionosphere over the magnetic equator that passes over Thumba near
Thiruvananthapuram using small sounding rockets Realising the immense potential
of space technology for national development, Dr. Vikram Sarabhai, the visionary leader
envisioned that this powerful technology could play a meaningful role in
national development and solving the problems of common man.
Thus, Indian Space programme born in the church beginning,
space activities in the country, concentrated on chieving self reliance and developing
capability to build and launch communication satellites for television
broadcast, telecommunications and meteorological applications; remote sensing
satellites for management of natural resources.
The objective of ISRO is to develop space technology and its
application to various national tasks. ISRO has established two major space
systems, INSAT for communication, television broadcasting and meteorological
services, and Indian Remote Sensing Satellites (IRS) system for resources
monitoring and management. ISRO has developed two satellite launch vehicles,
PSLV and GSLV, to place INSAT and IRS satellites in the required orbits
Accordingly, Indian Space Research Organisation (ISRO) has successfully
operationalised two major satellite systems namely Indian National Satellites
(INSAT) for communication services and Indian Remote Sensing (IRS) satellites
for management of natural resources; also, Polar Satellite Launch Vehicle
(PSLV) for launching IRS type of satellites and Geostationary Satellite Launch
Vehicle (GSLV) for launching INSAT type of satellites.
The Space Commission formulates the policies and oversees
the implementation of the Indian space programme to promote the development and
application of space science and technology for the socio-economic benefit of
the country. DOS implements these programmes through, mainly Indian Space
Research Organisation (ISRO), Physical Research Laboratory (PRL), National
Atmospheric Research Laboratory (NARL), North Eastern-Space Applications Centre
(NE-SAC) and Semi-Conductor Laboratory (SCL). The Antrix Corporation, established
in 1992 as a government owned company, markets the space products and services
THE CHAIRMAN:
Dr. K. Radhakrishnan; the current
Chairman of Space Commission, Secretary, Department of Space, Government of
India and Chairman of ISRO; is a technocrat par excellence; a dynamic and
result-oriented Manager with very fine personal and inter-personal qualities;
an astute Institution-builder with a strategic vision; an able Administrator
with a positive attitude; and an inspiring Leader credited with nurturing
leadership skills in the younger generation. He has had a distinguished career
adorned with accomplishments that spans beyond 39 years in space technology,
applications and space programme management.
Dr. Radhakrishnan was born on 29 August, 1949 at Irinjalakuda, Kerala.
He graduated in Electrical Engineering from
Starting his career as an Avionics Engineer in 1971 at ISRO’s Vikram Sarabhai
Space Centre, Trivandrum; he commendably held several decisive positions in
ISRO such as Project Director for setting up Regional Remote Sensing Centers
(1987-89); Director of Budget and Economic Analysis for entire ISRO (1987-97);
Director of National Natural Resources Management System-Regional Remote
Sensing Service Centers (1989-97); Mission Director of Integrated Mission for
Sustainable Development and Deputy Director of National Remote Sensing Agency
(1997-2000); Director of National Remote Sensing Agency (2005-08); Director of
Vikram Sarabhai Space Centre (2007-09); and Member, Space Commission (October
2008-October 2009)) with some responsibilities in concurrence. During 2000-05
he had a stint in the Ministry of Earth Sciences as the Founder Director of
Indian National Centre for Ocean Information Services and the first Project
Director of Indian National Tsunami Warning System. He also held several
important positions at the international level including Vice Chairman of
Intergovernmental Oceanographic Commission (2001-05), Founder Chairman of
Indian Ocean Global Ocean Observing System (2001-06) and Chairman of the
Working Group of the Whole UN-COPUOS STSC (2008-2009).
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.49.68 |
|
|
1 |
Rs.78.17 |
|
Euro |
1 |
Rs.65.52 |
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.