MIRA
INFORM REPORT
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Report Date : |
10.05.2012 |
IDENTIFICATION DETAILS
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Name : |
PODAR EDUCATION TRUST |
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Registered
Office : |
Podar Education Complex, |
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Country : |
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Year of
Establishment : |
1927 |
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Capital
Investment / Paid-up Capital : |
Not Divulged |
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Legal Form : |
Trust |
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Line of Business
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Educational Trust |
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No. of Employees
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Information declined by the management |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
-- |
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Litigation : |
Clear |
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Comments : |
Subject is a well established and a reputed trust ultimately owned by
Podar family. The trust can be considered normal for business dealings at usual
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 DECLINED BY
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Name : |
Mr. Adhar Samria |
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Designation : |
Finance Manager (Head Office) |
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Contact No.: |
91-9819823427 |
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Date : |
08.05.2012 |
LOCATIONS
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Registered Office : |
Podar Education Complex, |
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Tel. No.: |
91-22-67111111 |
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Mobile No.: |
91-9819823427 [Mr. Adhar Samria - Finance Manager (Head Office)] |
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Fax No.: |
Not Available |
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E-Mail: |
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Website : |
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Head Office 1 : |
85, |
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Tel. No.: |
91-22-43330000 |
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Fax No.: |
91-22-24714822/ 26465393 |
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Head Office 2 : |
Podar Enterprise Podar Chambers, 4th
Floor, |
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Tel. No.: |
91-22-22664070/ 22664032/
40515253 |
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Fax No.: |
91-22-22663845/ 22662547 |
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Branch Office : |
School Building, Anandi Baug, Opposite Dr. Beck Co, S.No.165/1,
Kharalwadi, Pimpri, Pune – 411 018, |
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Tel. No.: |
91-20-27424738 |
MANAGEMENT
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Name : |
Mr. Anandilal Podar |
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Designation : |
Member |
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Name : |
Mr. Raja Ramdeoji Podar |
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Designation : |
Member |
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Name : |
Dr. Ramnath A. Podar |
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Designation : |
Member |
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Name : |
Mr. Kantikumar R. Podar |
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Designation : |
Member |
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Name : |
Mr. Rajiv K. Podar |
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Designation : |
Member |
KEY EXECUTIVES
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Name : |
Mr. Adhar Samria |
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Designation : |
Finance Manager (Head Office) |
LOCAL AGENCY FURTHER INFORMATION
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Check List by Info Agents |
Available in Report (Yes / No) |
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1) Year of
Establishment |
Yes |
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2) Locality of
the firm |
Yes |
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3) Constitutions
of the firm |
Yes |
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4) Premises
details |
No |
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5) Type of
Business |
Yes |
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6) Line of
Business |
Yes |
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7) Promoter’s
background |
Yes |
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8) No. of
employees |
No |
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9) Name of person
contacted |
Yes |
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10) Designation
of contact person |
Yes |
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11) Turnover of
firm for last three years |
No |
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12) Profitability
for last three years |
No |
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13) Reasons for
variation <> 20% |
-- |
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14) Estimation
for coming financial year |
No |
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15) Capital in
the business |
No |
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16) Details of
sister concerns |
No |
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17) Major
suppliers |
No |
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18) Major
customers |
No |
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19) Payments
terms |
No |
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20) Export / Import
details (if applicable) |
No |
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21) Market
information |
-- |
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22) Litigations
that the firm / promoter involved in |
-- |
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23) Banking
Details |
No |
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24) Banking
facility details |
No |
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25) Conduct of
the banking account |
-- |
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26) Buyer visit
details |
-- |
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27) Financials,
if provided |
No |
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28) Incorporation
details, if applicable |
No |
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29) Last accounts
filed at ROC |
No |
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30) Major
Shareholders, if available |
No |
WEBSITE DETAILS:
PROFILE:
The Podar Group of
Schools has been started and operates with the prime purpose of building young minds to spearhead a dynamic future globally.
Podar's stated vision is a
commitment to operate and manage
quality schools that provide quality
education with a focus on development that is in sync with the needs of
the individual child in an era of
globalization.
In 1927 Sheth Anandilal Podar, an eminent Mumbai-based businessman, with
interests in cotton mills, founded the Podar Group of Schools. Interestingly,
Mahatma Gandhi, the Father of Nation, was the first President of the Anandilal
Podar Trust What began as a single institution is today a multi-school,
multi-city, multi-brand entity, ambitiously executing a growth strategy with an
emphasis on global standards.
Headquartered in Mumbai with 7
schools in Santacruz (West), there are now Podar Schools all across
Podar is a growing network
which has a wide spectrum of brands including Pre-Primary options, Primary and
Secondary schools, a Junior College, Part-Time courses and Teacher Training
courses.
There are also a wide choice of
educational streams that are offered at Podar including CBSE, ICSE, Secondary
School Certificate (State Board), IGCSE (
Podar has managed to achieve
the success it has had due to its excellently recruited teaching team as well
as its focus on technology. Extensive training is given to all the teachers and
it is ensured that they teach students in the best possible manner. There is a
great dedication and commitment found in Podar's Principals and Teachers, many
of whom have been honoured by both the Central
and State Governments. The use of technology in teaching is also
strongly emphasized in all Podar schools, with state-of-the-art computer labs
and interactive boards installed in classrooms. Due to its effective use of
technology in education, the Podar group of schools was awarded the "best ICT enabled school" in all
of
At Podar, the goal is for the
students to excel both in and outside of the classroom. Therefore, extensive
emphasis is given to sports and
extra-curricular activities. Specialized and experienced coaches are
deployed in a wide spectrum of sporting disciplines. The schools participate
and excel in various inter school sports tournaments. An inter Podar sports
tournament is also organized in which students from the different Podar schools
compete against each other in sports such as Basketball, Football, Cricket,
etc.
All these academic and non
academic efforts have paid enormous dividends. Podar Schools are considered
among the 'Best Quality' Schools wherever they operate. The ICSE and CBSE Board
results of Podar Schools are consistently among the best in the city the school is located.
Podar's commitment to society is
unwavering. Ever since its inception 84 years ago it does not accept donations or deposits. The commitment to
education continues to be focused and firm.
Podar also continues to tap into social change with an integrated
policy of social responsibility. It operates a school for the deaf and
dumb in Jaipur. It also supports a city hospital in the heart of Mumbai. A few
years back, at the suggestion of the Chief Minister of
PROMOTERS:
Podars have been from the very beginning associated closely with
Socio-Economic and to some extent political life of the country.
The Founder of the Group Shri Anandilal Podar was an associate of
Mahatma Gandhi, the Father of the Nation. Shri. Podar not only contributed
liberally to sustain the Freedom movement but also endeavored upliftment of
poor having put himself on the mission of education of the mass. Shri. Podar in
1921 establishment Anandilal Education Society now called Anandilal Podar
Trust. Mahatma Gandhi, the Father of the Nation was the first Chairman
Trustee of the said Trust. A rare and unpresidential honor given to Podars.
A life size statue of Shri. Podar has been put up at his home town Nawalgarh
and
Raja Ramdeoji Podar the Eldest son of Shri. Anandilal Podar was
the leading light not only in the Freedom Movement but in the Industry as
well. He was instrumental in establishing the Silk Mills Research
Association and Silk and Art Silk Mills Association. He was also decorated with
the title of Raja (King) by the State of
Dr. Ramnath A. Podar the other son of the Founder and father of the
present Chairman Shri. Kantikumar R. Podar was a core nationalist and amongst
the most respected citizens and businessmen of
Shri. Kantikumar R. Podar has been in the forefront of Indian
Business and Industry. Shri. Podar was the President of the SAARC Chamber of
Commerce and Industries with its headquarters in
Shri. Podar has traveled to various countries leading business
delegations and was invited by Government of Japan to visit
Shri. Rajiv K. Podar has been very actively involved in the day
to day business of the group. He was instrumental in setting up of the Textile
Units of the Group. He later diversified the activities of the Group into new
areas of International Trade, Information Technology, Communication and
Entertainment, Advisory and Consulting, activities away from the groups’
traditional business. Counting on his ability and capability, the Ministry of
Foreign Economic Relations, of the
Shri. Podar is the Founder Chairman of the International Business
Linkage Forum (IBLF), a forum patronized by Governments and used as a platform
to promote Trade, Joint Ventures and Investments between Government and Private
bodies.
He holds Power of Attorney / rights of representation of several
Companies / Concerns.
NEWS:
PODAR EDUCATION TRUST
TO START TWO SCHOOLS
MAY 8, 2009
PUNE: Mumbai-based Podar Education Trust announced here on Thursday its
move to start two international standards CBSE and ICSE schools at Ambedgaon
and at Ambethan near Chakan, respectively, from June 2009. The new schools
would offers academic programmes from pre-school to std V, said Vijaya Wad,
consultant to the Podar Trust.
The trust, which had Mahatma Gandhi as one of its trustees when it started in
1927, boasts of some nationally and internationally known figures as its
alumni. They include former judge of the Supreme Court justice Sujata Manohar,
socialist leader Mrunal Gore, Marathi poet late Niranjan Udgane, among others.
In Mumbai, the trust runs schools affiliated to the ICSE, CBSE, IGCSE and the
IB boards that collectively account for 20,000 students.
According to Wad, in the last four years, the Podar trust initiated a
conscious move to spread its wings outside Mumbai with an intent of taking good
and quality education to the rural and semi-urban areas. Pune and
Pimpri-Chinchwad form a key part of this expansion plan, she said.
"Four years ago, we started an ICSE school at Pimpri, which is now set
to roll out its first batch of std X passouts," Wad said, adding, another
school, affiliated to the CBSE board, was started two years back at Chinchwad.
This apart, the trust launched ICSE and CBSE schools at
Wad said, "We have acquired one acre land each at Ambegaon and
Ambethan." The school buildings are under construction, she said, and
added that the buildings would have facilities like international furniture,
computer labs, libraries, special classrooms for students to pursue hobbies
like music, dance, drama, yoga and skating, among other things.
"The pre-school activity would focus on developing the motor skills of
kids by encouraging them to engage in non-academic activities of their
choice," she said.
The trust plans to start three more schools at Wakad, Bavdhan and Kondhwa
from the next academic year (2010-11), Wad added.
To a question, Wad said, "Our USP is excellent staff and excellent
infrastructure and that is what we will be taking to most of the new locations
where we are setting up schools." She added that the trust has been
sending its teachers to countries like the
Wad said that at least 4,000 of the existing 20,000 students at Podar
schools in Mumbai were being offered free of cost education through Marathi and
Hindi medium of instruction. "It has been a decision of the head of the
trust, Pawan Podar, to ensure that these kids get the same facilities that are
available to other children of the Podar schools."
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.53.46 |
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|
1 |
Rs.86.27 |
|
Euro |
1 |
Rs.69.40 |
INFORMATION DETAILS
|
Information Gathered
by : |
SVA |
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Report Prepared
by : |
SMN |
RATING EXPLANATIONS
|
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 |
|
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.