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Report Date : |
10.05.2012 |
IDENTIFICATION DETAILS
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Name : |
PODAR LITERACY AND EDUCATION TRUST |
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Registered
Office : |
Anandilal and Ganesh Podar Society, Saraswati Road, Santacruz (West),
Mumbai-400054, Maharashtra |
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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
: |
Literacy and Education Trust |
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No. of Employees
: |
Information denied by the management. |
RATING & COMMENTS
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MIRA’s Rating : |
C |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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Status : |
Undetermined |
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Payment Behaviour : |
Unknown |
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Litigation : |
-- |
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Comments : |
Mr. Adhar Samria, Finance Manager, denied to disclose any information about
the subject trust. No further information could be made available. Initially, subject can be considered for business dealings on a safe
and secured 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 : |
Anandilal and Ganesh Podar Society, Saraswati Road, Santacruz (West),
Mumbai-400054, Maharashtra, India |
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Tel. No.: |
91-22-67111111 |
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Mobile No.: |
91-9819823427 [Mr. Adhar Samria] |
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Fax No.: |
Not Available |
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Website: |
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Head Office : |
85, Podar Center, Chamarbaug Post Office Lane, Dr. B. Ambedkar Road, Parel
(East), Mumbai-4000012, Maharashtra, India |
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Tel. No.: |
91-22-43330000 |
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Fax No.: |
91-22-24714822 |
MANAGEMENT
NOT DIVULGED
KEY EXECUTIVES
|
Name : |
Mr. Adhar Samria |
|
Designation : |
Finance Manager [Head Office] |
BUSINESS DETAILS
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Line of Business : |
Literacy and Education Trust |
GENERAL INFORMATION
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No. of Employees : |
Information denied by the management. |
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Bankers : |
Not Available |
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Banking
Relations : |
-- |
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Auditors : |
Not Available |
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
The above information has been declined by Mr. Adhar Samria.
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 |
No |
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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 India.
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
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 : |
TPT |
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 |
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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 |
|
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 |
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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 |
- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.