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Report Date : |
07.03.2012 |
IDENTIFICATION DETAILS
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Name : |
SRI SHIVANI EDUCATIONAL SOCIETY |
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Registered
Office : |
Chilakapalem Junction,
Etcherla Mandalam, Srikakulam -535 402, Andhra Pradesh |
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Country : |
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Year of
Establishement : |
2004 |
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Capital
Investment / Paid-up Capital : |
Not Divulged |
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Legal Form : |
Co-educational institution |
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Line of Business
: |
Providing Educational Services |
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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 educational
services. The management denied to disclose any information about the subject.
Therefore, the report is based on indirect sources of information. Trade
relations are reported as fair. Payments are unknown. Initially, subject can be considered for business 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
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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India |
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
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Name : |
Ms. Geeta |
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Designation : |
Accounts Executive. |
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Date : |
03.03.2012 |
LOCATIONS
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Registered Office : |
Chilakapalem Junction, Etcherla Mandalam, Srikakulam -535
402, Andhra Pradesh, India |
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Tel. No.: |
91-8942-211171 |
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Location: |
43 acres |
MANAGEMENT MEMBERS
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Name : |
Mr. V M M Sainadh Reddy |
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Designation : |
Member |
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Name : |
Mr. P Durgaprasad Raju |
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Designation : |
Member |
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Name : |
Mr. D Venkata Rao |
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Designation : |
Member |
BUSINESS DETAILS
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Line of Business : |
Providing Educational Services |
GENERAL INFORMATION
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No. of Employees : |
Not Divulged |
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Bankers : |
Not Available |
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Facilities : |
- |
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Banking
Relations : |
-- |
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Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
NOT AVAILABLE
FINANCIAL DATA
[all figures are
in Rupees Millions]
NOT AVAILABLE
LOCAL AGENCY FURTHER INFORMATION
PROFILE
Sri Sivani Group of colleges were established in the year 2004 .by the highly
motivated and philanthropic personalities will noted in the Srikakulam
district for their commitment and concern for upliftment of education . The
Society recognizes the vital need to enhance competent engineering
professionals and techno managerial professional to uplift the development of
country.
The institution is located at 6km away from Srikakulam. It is spread over 43 acres
of land, with picturesque landscape providing calm. Eco-friendly, ideal healthy
environment for studies. The institution is established as a Co-educational
institution affiliated to JNTU. Kakinada.
VISSION
The vission of the Institution is to develop eminent, skillful engineers with
excellence through high quality education with a focus on superior technical
competence and development of potentialities.
MISSION
Sri Sivani Educational Society founded with motto of upliftment of rural areas
by imparting quality professional and technical education and to train students
to become responsible citizens.
The Institution aims at achieving excellence in engineering education not
only at basic level but also at advanced level The Institution has the following
colleges with the courses.
The courses offered are contemporary in nature and are competent with latest
technology and market scenario. The college environment provides. not only
academic excellence but also personal development by building character,
emitting the talents, capabilities and hidden skills.
COURSES
Sri Sivani College of Engineering
Sri Sivani College of Pharmacy
Sri Sivani Institute of Technology
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 |
|
US Dollar |
1 |
Rs.50.02 |
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|
1 |
Rs.79.31 |
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Euro |
1 |
Rs.66.02 |
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.