|
Report Date : |
20.03.2012 |
IDENTIFICATION DETAILS
|
Name : |
CANDOR INTERNATIONAL SCHOOL PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Begur – koppa Road, Near Electric City, Huilahalli, Bangalore –
560105, Karnataka |
|
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Country : |
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|
|
Date of
Incorporation : |
09.03.2010 |
|
|
|
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Com. Reg. No.: |
052805 |
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|
|
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Capital
Investment / Paid-up Capital : |
Rs.0.100 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U80301KA2010PTC052805 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
BLRC09875F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AADCC8980B |
|
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|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
The entity is engaged in the activities of running and maintaining
educational Institutions. |
|
|
|
|
No. of Employees
: |
Not Available |
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 : |
New Company |
|
|
|
|
Payment Behaviour : |
Unknown |
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|
|
|
Litigation : |
Clear |
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|
|
Comments : |
Subject is a new international school and yet to establish itself
gradually. Directors are reported as experienced and respectable businessmen.
Trade relations are reported as fair. Payments are unknown. It 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
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
LOCATIONS
|
Registered Office : |
Begur – koppa Road, Near Electric City, Huilahalli, Bangalore –
560105, Karnataka, India |
|
Tel. No.: |
91-80-25729999/27809292/25721234 |
|
Fax No.: |
91-80-25723333 |
|
E-Mail : |
DIRECTORS
AS ON 09.03.2010
|
Name : |
Mr. Sreenadha Reddy Nayani |
|
Designation : |
Director |
|
Address : |
No.26/2, Flat 202, Prestige Abshot Apts, Sankey Road, Bangalore -
560052, Karnataka, India |
|
Date of Birth/Age : |
02.08.1977 |
Other Directorship:
|
S.No. |
CIN |
Name of the Company |
Current designation of the
director |
Date of appointment at
current designation |
Original date of
appointment |
Date of cessation |
Company Status |
Defaulting status |
|
1 |
U45200AP2004PTC044837 |
SAI SRUSHTI DEVELOPERS
PRIVATE LIMITED |
Managing director |
10/12/2004 |
10/12/2004 |
- |
Active |
NO |
|
2 |
U70102AP2005PTC046324 |
URBANA INFRASTRUCTURE
PRIVATE LIMITED |
Director |
24/05/2005 |
24/05/2005 |
- |
Active |
NO |
|
3 |
U63040KA2005PTC036132 |
AIR WINGS TOURS AND
TRAVELS (INDIA) PRIVATE LIMITED |
Director |
10/03/2007 |
10/03/2007 |
- |
Active |
NO |
|
4 |
U70102KA2007PTC044178 |
URBANA PROJECTS (INDIA)
PRIVATE LIMITED |
Director |
22/10/2007 |
22/10/2007 |
- |
Active |
NO |
|
5 |
U45200AP2008PTC057526 |
SSL INFRASTRUCTURE PRIVATE
LIMITED |
Director |
08/02/2008 |
08/02/2008 |
- |
Active |
NO |
|
6 |
U45200AP2008PTC058314 |
SAI SRUSHTI INFRASTRUCTURE
PRIVATE LIMITED |
Director |
25/03/2008 |
25/03/2008 |
- |
Active |
NO |
|
7 |
U65993KA1998PTC023528 |
SHREE DURGA VINIYOG
PRIVATE LIMITED. |
Director |
14/05/2008 |
14/05/2008 |
- |
Active |
NO |
|
8 |
U72200KA2008PTC047318 |
MDB SOFTWARE TECHNOLOGY
PRIVATE LIMITED |
Director |
28/07/2008 |
28/07/2008 |
- |
Active |
NO |
|
9 |
U45202KA2008PTC047816 |
Urbana Scapes (India)
Private Limited |
Director |
19/09/2008 |
19/09/2008 |
- |
Active |
NO |
|
10 |
U40108AP2009PTC065112 |
THOR ENERGY INDIA PRIVATE
LIMITED |
Director |
17/09/2009 |
17/09/2009 |
- |
Active |
NO |
|
11 |
U35990KA2009PTC051450 |
TOCOL AEROSPACE PRIVATE
LIMITED |
Director |
11/11/2009 |
11/11/2009 |
- |
Active |
NO |
|
12 |
U40300AP2010PTC066599 |
THOR ENERGY PROJECTS INDIA
PRIVATE LIMITED |
Director |
08/01/2010 |
08/01/2010 |
- |
Active |
NO |
|
13 |
U80301KA2010PTC052805 |
CANDOR INTERNATIONAL
SCHOOL PRIVATE LIMITED |
Director |
09/03/2010 |
09/03/2010 |
- |
Active |
NO |
|
14 |
U45201KA2010PTC054595 |
VILLALAND DEVELOPERS
PRIVATE LIMITED |
Director |
27/09/2011 |
28/07/2010 |
- |
Active |
NO |
|
15 |
U65993KA1991PTC011852 |
APG Homes &
Investments Private Limited |
Director |
15/11/2010 |
15/11/2010 |
- |
Active |
NO |
|
16 |
U45202KA2011PTC058483 |
SAI SRUSHTI INFRA TECH
PRIVATE LIMITED |
Director |
04/05/2011 |
04/05/2011 |
- |
Active |
NO |
|
Name : |
Mr. Bathina Haritha Reddy |
|
Designation : |
Director |
|
Address : |
Flat No.009, Salarpuria Cembridge Residency, 32/2, Someswarpura 1st Cross,
Ulsoor Ward No.75, Bangalore – 560038, Karnataka, India |
|
Date of Birth/Age : |
23.07.1978 |
Other Directorship:
|
S.No. |
CIN |
Name of the Company |
Current designation of the
director |
Date of appointment at current
designation |
Original date of
appointment |
Date of cessation |
Company Status |
Defaulting status |
|
1 |
U45200AP2004PTC044837 |
SAI SRUSHTI DEVELOPERS
PRIVATE LIMITED |
Director |
10/12/2004 |
10/12/2004 |
- |
Active |
NO |
|
2 |
U70102AP2005PTC046324 |
URBANA INFRASTRUCTURE
PRIVATE LIMITED |
Director |
24/05/2005 |
24/05/2005 |
- |
Active |
NO |
|
3 |
U45200AP2008PTC057526 |
SSL INFRASTRUCTURE PRIVATE
LIMITED |
Director |
08/02/2008 |
08/02/2008 |
- |
Active |
NO |
|
4 |
U45200AP2008PTC058314 |
SAI SRUSHTI INFRASTRUCTURE
PRIVATE LIMITED |
Director |
25/03/2008 |
25/03/2008 |
- |
Active |
NO |
|
5 |
U80301KA2010PTC052805 |
CANDOR INTERNATIONAL
SCHOOL PRIVATE LIMITED |
Director |
09/03/2010 |
09/03/2010 |
15/04/2010 |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 09.03.2010
|
Names of Shareholders |
|
No. of Shares |
|
Sreenadha Reddy Nayani |
|
5000 |
|
Bathina Haritha Reddy |
|
5000 |
|
Total |
|
10000 |
BUSINESS DETAILS
|
Line of Business : |
The entity is engaged in the activities of running and maintaining
educational Institutions. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|
|
|
|
Bankers : |
Not Available |
|
|
|
|
Facilities : |
-- |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Associates/Subsidiaries : |
NA |
CAPITAL STRUCTURE
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
500000 |
Equity Shares |
Rs.10/- each |
Rs.5.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
10000 |
Equity Shares |
Rs.10/- each |
Rs.0.100
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
NOT DIVULGED
LOCAL AGENCY FURTHER INFORMATION
PRADIP KUMAR DAS -
PRINCIPAL
B.Sc., Dip.Th.,
B.D., M. Th., B.Ed., M. Litt. (U.K)
Pradip Kumar Das comes with a wealth of experience in Higher Education before he moved to Secondary Education. This move arose out of a passion to provide quality education at the High School level, which he believes should groom responsible citizens. As a Langham Scholar pursuing his research in History at Bristol University, UK, he lived with his family in the UK for four years and was invited to give special lectures in the Netherlands and at Trinity College, Bristol. He also presented another lecture series on comparative religions while in Bristol.
He was Principal of the 110 year old Mount Hermon School and Mount Hermon Teachers Training College, Darjeeling, Principal of the 125-year old Baldwin Boys High School and Baldwin Polytechnic College, Bangalore, and Vice Principal and Acting Principal of Kodaikanal International School (KIS) - the first International Baccalaureate (IB) school in India. After KIS, he set up, and became the first Principal of Greenwood High School, Bangalore. Now prior to joining Candor International School as its first Principal, he was the first Principal of Indus International School, Pune.
His training at the XLRI, Jamshedpur, has ensured that the schools he runs are managed effectively. The qualities that stand out most in his leadership are his genuine interest in the welfare of students and teachers, his wisdom in handling critical school issues, his involvement in international school circles and his continuing desire to be a life-long learner. He brings with him the rich blend of experience of managing old, traditional public schools, as well as the skills of establishing new schools.
NRI LAUNCHES 'INDIA'S
FIRST GREEN SCHOOL'
Candor International School is the first Green school in the country spread over 20 acres near Electronic City, Bengaluru. The buildings in the campus and all other facilities and equipment have been designed to meet the stringent requirements and standards of the Indian Green Building Council.
It is also worth noting that the process of cleaning the covered swimming pool at Candor is a child friendly process which uses the latest technology. No chlorine will be used.
This means that every attempt is made to conserve energy, harvest rainwater effectively dispose of waste and save the environment through far-sighted architectural planning.
Speaking at a press conference, Mr. Pradip K. Das, the Principal of Candor International pointed out how Candor is a school with a difference. He says, “Candor International School is one of very few international schools in Bangalore started by professionals.
Mr. Das further emphasized the eco-sensitive atmosphere by saying, “The school has been designed to meet the optimum number of 1,110 students and stands on 20 % of the 20 acres. This is in keeping with the requirements of the Indian Green Building Council. The class sizes will remain 24 per class with a staff student ratio of 1:10.”
India’s ace Tennis player, Mahesh Bhupathi was announced as the brand ambassador of Candor International School. Candor’s partnership with Cisco Systems for setting up its IT infrastructure including the networking and security was also announced.
On choosing Mr. Mahesh Bhupathi as the brand ambassador of Candor International School, Mr. Das added, “They strongly believe that for the wholistic development of students, apart from academic excellence, the promoting of a sense of physical wellness through active engagement in sports is very essential.
The renowned Tennis Player and the Brand Ambassador of CANDOR International School said, “It’s an honor for me to be a brand ambassador as well as the sports consultant of Candor International School. I would like to see myself involved in more than just the role of an ambassador and a consultant. I would like to support Candor in helping these youngsters to excel in sports, share in the team aspect of sports and become involved in making a difference.”
Candor is also partnering with SCCIP International Pte. Ltd (LS Creative Learning Pvt. Ltd.) to integrate Robotic technology into science, art, math and other subjects so that students become effective team players and able problem solvers.
Mr. Kikuchi, (designation) LS Creative Learning Private Limited said, “This is the first time they are partnering with an Indian institution. They look forward to this partnership and hope to prepare these young minds with the skills that are needed to make an impact for the 21st century. They are thankful to Candor for providing us this wonderful opportunity.”
Candor’s year round admission policy ensures that all students, who for various reasons have to transfer mid-term, are given the opportunity to join anytime in the school year and are provided with the necessary support in areas of need.
About CANDOR International School:
India’s first Green School, Candor International School is tagged as an
affordable international school with an international program. Candor
International School, located at Electronic City, Bangalore, India, is striving
to be more than just another international school.
By employing methodologies beyond the classroom, by focusing on learning beyond academics, and by teaching beyond the textbook, Candor aims to nurture effective and responsible young people who will make a difference.
The school is seeking affiliation with the IGCSE of Cambridge, UK. The Candor campus is spread across an area of 20 acres near Electronic City and is designed to be student friendly, age appropriate, safe and attractive. The Core Team of Candor International School is composed of leading figures in Education, Management, Science and Technology, Business, and Entrepreneurship.
Candor International School has safe and well designed science laboratories, a well stocked library, music studios, well lighted and well ventilated classrooms, modern outdoor and indoor sports facilities for various sports including swimming, world-class residential facilities for boarders-both regular and weekly- including a laundry and an infirmary for boys and girls from Grade 5 onwards.
Candor also provides breakfast, lunch, mid-morning and afternoon snacks to all students.
Candor International School was founded by Saketh Educational trust which is chaired by Suresh Reddy Sadipiralla and has advisory board that has members representing from various fields.
The advisory board consists of, Michael Palladino Dean of the School of Science, and Associate Professor of Biology at Monmouth University, Niren Kodali Dean at the School of Computer Information Systems, Stratford University, and a Professor at George Mason University, Professor Aminabhavi Scientific Advisor to Dhirubhai Ambani Life Sciences Centre, Navi Mumbai, Dr. T Prabhu Director of Sagar Apollo Hospitals, Reeth Abraham Arjuna Award, 1997 and Karnataka Rajyotsava Award (Highest State Award), 1983, Mahender Musuku software development, marketing, operations and management in hi-tech companies, on the board of several profit and non- profit organizations and is passionate about serving the community.
S Rama Muni Reddy active Industrialist, Agriculturist, and Social Worker, Dr. Ethirajan Govindrajan Principal (JNTU Ratified) of Avanthi Institute of Engineering and Technology, Hyderabad, Professor N.S Ramaswamy awarded the Padma Bhushan in 2006 for exemplary work in the field of Education. Prior to this, he was the founding Director of the Indian Institute of Management, Bangalore, a Consultant to the Airport Authority of India, and Ministry of Non-conventional Energy Sources and a Consultant to the UNESO, UN, FAO and UNIDO,.
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.50.12 |
|
|
1 |
Rs.79.37 |
|
Euro |
1 |
Rs.66.00 |
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.