MIRA
INFORM REPORT
|
Report Date : |
26.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
CENTER FOR CREATIVE LEADERSHIP INDIA PRIVATE LIMITED |
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Registered
Office : |
Regus Business Centre (Pune) Private Limited, Level 2, Connaught Place,
Bund Garden Road, Pune-411001, Maharashtra |
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Country : |
India |
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Financials (as
on) : |
31.03.2012 |
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Date of
Incorporation : |
24.04.2009 |
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Com. Reg. No.: |
11-133832 |
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Capital
Investment / Paid-up Capital : |
Rs. 5.000 millions |
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CIN No.: [Company Identification
No.] |
U74900PN2009FTC133832 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject is involved in the business of creative group learning and
also provide consultancy and counseling services. |
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No. of Employees
: |
50 (Approximately) |
RATING & COMMENTS
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MIRA’s Rating : |
B (27) |
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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 : |
Slow |
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Litigation : |
Clear |
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Comments : |
Subject is a subsidiary “CENTER FOR CREATIVE LEADERSHIP”, USA. It is
one of the leading world top-tier executive education enterprises. It is an established company having a moderate track record. There
appear some accumulated losses recorded by the company. However, the company operates on its own fund. The subject gets strong
support from its holding companies. Trade relations are reported to be fair. Business is active. Payments
are slow. In view of experience promoters, the company can be considered for
business dealings with great caution. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
INFORMATION PARTED BY
|
Name : |
Ms. Aishwarya |
|
Designation : |
Accounts Department |
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Contact No.: |
91-20-40147575 |
|
Date : |
26.04.2013 |
LOCATIONS
|
Registered Office : |
Regus Business Centre (Pune) Private Limited, Level 2, Connaught
Place, Bund Garden Road, Pune-411001, Maharashtra, India |
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Tel. No.: |
91-20-40147575 |
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Fax No.: |
Not Available |
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E-Mail : |
DIRECTORS
As on 06.08.2012
|
Name : |
Mr. Bradley Eldridge Shumaker |
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Designation : |
Director |
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Address : |
1613, Country Club Road, Reildsville North Carolina, United States of
America 273206101 |
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Date of Birth/Age : |
30.12.1960 |
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Date of Appointment : |
24.04.2009 |
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DIN No.: |
02349639 |
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Name : |
Mr. Anupam Krishna Sirbhaiya |
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Designation : |
Director |
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Address : |
Row House No.112, Cloud 9, Near Nibm Road, Kondhwa, Pune-411048,
Maharashtra, India |
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Date of Birth/Age : |
02.09.1968 |
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Date of Appointment : |
24.04.2009 |
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DIN No.: |
02351423 |
KEY EXECUTIVES
|
Name : |
Ms. Aishwarya |
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Designation : |
Accounts Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 06.08.2012
|
Names of Shareholders |
|
No. of Shares |
|
Center for Creative Leadership T (CCL) Pte. Limited, USA |
|
2500 |
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Center for Creative Leadership, USA |
|
497500 |
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Total |
|
500000 |
Equity Share Break up (Percentage of Total Equity)
As on 06.08.2012
|
Category |
Percentage |
|
Bodies corporate |
100.00 |
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Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is involved in the business of creative group learning and
also provide consultancy and counseling services. |
GENERAL INFORMATION
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No. of Employees : |
50 (Approximately) |
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Bankers : |
Not Available |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Ahuja Valecha and Associates Chartered Accountants |
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Address : |
C3-314, Brahma Majestic, Nibm Road, Pune-411048, Maharashtra, India |
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Tel. No.: |
91-20-32504729 |
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PAN No.: |
AAOFA7053K |
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Holding Company : |
Center for Creative Leadership, USA |
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Fellow Subsidiaries : |
Ø Center for Creative
Leadership (CCL) Pte. Limited, Singapore Ø Center for
Creative Learning Brussels |
CAPITAL STRUCTURE
As on 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
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|
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5000000 |
Equity Shares |
Rs.10/- each |
Rs. 50.000 Millions |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
|
|
500000 |
Equity Shares |
Rs.10/- each |
Rs. 5.000 Millions |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
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|
|
1] Share Capital |
5.000 |
5.000 |
5.000 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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|
3] Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
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4] (Accumulated Losses) |
(20.072) |
(4.049) |
(7.079) |
|
|
NETWORTH |
(15.072) |
0.951 |
(2.079) |
|
|
LOAN FUNDS |
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|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
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2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
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TOTAL BORROWING |
0.000 |
0.000 |
0.000 |
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DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
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|
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TOTAL |
(15.072) |
0.951 |
(2.079) |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
0.017 |
0.033 |
0.000 |
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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INVESTMENT |
0.000 |
0.000 |
0.000 |
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DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
|
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|
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Inventories |
0.000 |
0.000 |
0.000 |
|
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Sundry Debtors |
15.870
|
26.688 |
3.964 |
|
|
Cash & Bank Balances |
43.487
|
16.644 |
11.079 |
|
|
Other Current Assets |
1.770
|
2.014 |
1.149 |
|
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Loans & Advances |
9.557
|
9.262 |
2.453 |
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Total
Current Assets |
70.684
|
54.608 |
18.645 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
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Sundry Creditors |
82.385
|
49.842 |
19.028 |
|
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Other Current Liabilities |
2.487
|
3.665 |
1.692 |
|
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Provisions |
0.901
|
0.183 |
0.004 |
|
Total
Current Liabilities |
85.773
|
53.690 |
20.724 |
|
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Net Current Assets |
(15.089)
|
0.918 |
(2.079) |
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MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
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|
|
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|
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TOTAL |
(15.072) |
0.951 |
(2.079) |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
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SALES |
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Income |
59.455 |
48.857 |
18.131 |
|
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Other Income |
N.A. |
N.A. |
N.A. |
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TOTAL |
N.A. |
N.A. |
N.A. |
|
|
|
|
|
|
|
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Less |
|
|
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|
|
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Office Expenses |
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Administrative Expenses |
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Advertising Expenses |
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TOTAL |
N.A. |
N.A. |
N.A. |
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PROFIT/ (LOSS)
BEFORE TAX |
(14.593) |
4.537 |
(7.079) |
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|
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Less |
TAX |
1.430 |
1.507 |
0.000 |
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PROFIT/ (LOSS)
AFTER TAX |
(16.023) |
3.030 |
(7.079) |
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IMPORTS |
|
|
|
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|
|
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Program Materials |
5.301 |
1.190 |
0.734 |
|
|
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Test Materials |
0.000 |
0.000 |
0.117 |
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Publications |
0.000 |
0.003 |
0.162 |
|
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TOTAL IMPORTS |
5.301 |
1.193 |
1.013 |
|
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|
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Earnings/ (Loss)
Per Share (Rs.) |
(32.05) |
6.06 |
(19.95) |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
Net Profit Margin (PBT/Sales) |
(%) |
(24.54)
|
9.29 |
(39.04) |
|
|
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|
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Return on Total Assets (PBT/Total Assets} |
(%) |
(20.64)
|
8.30 |
(37.97)
|
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|
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|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.97
|
4.77 |
3.41
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.00
|
0.00 |
0.00
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.82
|
1.02 |
0.90 |
LOCAL AGENCY FURTHER INFORMATION
SUNDRY CREDITORS
DETAILS:
|
Particulars |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
(Rs. In Millions) |
||
|
Sundry Creditors |
82.385
|
49.842 |
19.028 |
|
|
|
|
|
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
----- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details
(if applicable) |
No |
|
21] |
Market information |
----- |
|
22] |
Litigations that the firm
/ promoter involved in |
----- |
|
23] |
Banking Details |
No |
|
24] |
Banking facility details |
No |
|
25] |
Conduct of the banking
account |
----- |
|
26] |
Buyer visit details |
----- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
NATURE OF
OPERATION:
Subject offers an exclusive focus on leadership education and research
and unparalleled expertise in solving the leadership challenge of individuals and
organizations everywhere. The company equips the clients with the skills and
insight to achieve through creative leadership.
WEBSITE DETAILS
PRESS RELEASE
CCL AND NEPAD BUSINESS FOUNDATION JOIN FORCES TO DEVELOP AFRICA'S
FUTURE LEADERS
6 February 2013 – Johannesburg - The NEPAD Business Foundation (NBF) and Center for Creative Leadership (CCL®) have teamed up to create the One Million African Leaders Connect (1MALC) initiative. The partnership aims to accelerate leadership development and ultimately enable sustainable economic development throughout Africa.
Despite its enormous potential, Africa typically experiences economic growth of just four to six percent annually. Many experts agree that the continent's ability to leverage its raw materials and human resources for stronger growth depends on building leadership capacity in its individuals, organizations and communities.
To help expand Africa's leadership pipeline, CCL and NBF are partnering to design and deliver a scalable and sustainable leadership training program. Inspired by the need for public and private sector leaders with long-term vision, integrity and effectiveness, the 1MALC is an intensive program for senior managers leading or intending to lead within the African context. 1MALC will help foster a new culture of thinking on how to do business in Africa and develop a network of progressive leaders who understand the continent through improved access to business intelligence and information on agriculture, infrastructure, natural resources and capacity development.
"This initiative, with its strategic investments in both the quality and quantity of leadership capacity on the continent, will help African organizations and communities address their biggest challenges today and make the most of the many opportunities in this dynamic region," said CCL President and CEO John R. Ryan.
"The gap between leadership theory and practice is what bedevils Africa today," said Dr. Reuel Khoza, Nedbank Chairman and NBF Vice-Chairman.
1MALC was launched on 13 February 2013 in Johannesburg, at an event where Dr. Khoza introduced the program and reflected on African leadership. CCL and NBF plan to present the pilot 1MALC program to approximately 30 delegates in 2013.
Following the pilot program, CCL and NBF will work with other delivery partners to roll out the 1MALC initiative in South Africa and other African countries, with the objective of reaching 150,000 leaders each year. The goal is to train a million African leaders by 2020, creating a critical mass of leaders who can help realize the full potential of the African continent in a sustainable and inclusive way.
About the NEPAD
Business Foundation
The NEPAD Business Foundation (NBF) is one of Africa's leading membership based
foundations which promotes sustainable economic and social development on the
continent. The NBF is a non-profit company that mobilises private sector
support for the implementation of New Partnership for Africa's Development
(NEPAD) goals.
About the Center for
Creative Leadership
The Center for Creative Leadership (CCL®) is a top-ranked, global provider of
executive education that accelerates strategy and business results by unlocking
the leadership potential of individuals and organizations. Founded in 1970, CCL
offers an array of research-based programs, products and services for leaders
at all levels. Ranked among the world's Top 10 providers of executive education
by Bloomberg BusinessWeek and the Financial Times, CCL is headquartered in
Greensboro, NC, with offices in Colorado Springs, CO; San Diego, CA; Brussels;
Moscow; Singapore; New Delhi - NCR, India and Addis Ababa, Ethiopia. Its work
is supported by 500 faculty members and staff.
AHLSTROM SIGNS CONTRACT WITH THE CENTER FOR CREATIVE LEADERSHIP
CCL delivers global program for management development
Brussels, October 2012 - Ahlstrom, the high-performance materials company and one of Finland's pioneer multinationals, recently signed a contract with the Center for Creative Leadership (CCL EMEA) to deliver a modular, management development program world-wide. The program is part of Ahlstrom's leadership culture change initiative and aims to strengthen a single high-performance culture.
Ahlstrom chose CCL for its ability to design a tailored program and capability of providing a global reach: "Ahlstrom is experiencing a rapid period of change as we create a single Ahlstrom culture and a global way of working. This program serves as the cornerstone to our strategy for building a high-performance culture," says Tarja Takko, Vice President, Management Development, Group HR, Ahlstrom.
The program, which includes both virtual and face-to-face learning modules, is specifically aimed at middle management. Designed in tandem with Ahlstrom, the program will:
Create a leadership culture and way of working that encourages people to take responsibility, learn, live up to the company's values and reach their targets
Help managers become better at leading people and performance and remodelling Ahlstrom leadership
Equip managers to more effectively deal with current challenges
Continue to foster a 'One Ahlstrom' culture
The end result is a tailored program designed to equip managers with the tools and skill set needed to succeed in a change environment: "With the combination of a diversified product range and our presence in so many countries, Ahlstrom faces a complex management challenge — and this program is helping us meet that challenge worldwide. says Jan Lång, President and CEO, Ahlstrom.
"We are committed to creating a high-performance culture and a way of working where each of us can take responsibility to reach our goals. This fundamental cultural change takes many years, but we're on the right track," says Paula Aarnio, EVP, HR and Sustainability.
"Managing from the middle zone is about connecting strategy with the everyday work. It's both a demanding and critical role for transforming a leadership culture," says Christel Berghäll-Högström, Regional Director, Nordics, CCL. "We are very pleased to partner with Ahlstrom on this exciting journey."
Headquartered in Helsinki, Ahlstrom has manufacturing operations in Europe, the US, South America and Asia - with marketing operations around the world. The CCL pilot program was first deployed in the US in June and is now being extended to Europe and Asia.
Ahlstrom has a highly diversified product portfolio of high performing fiber materials with products that are used in a wide variety of everyday applications: filters, medical gowns and drapes, wall coverings, flooring, labels and food packaging. The company is today organized into four business areas - Building and Energy, Filtration, Food and Medical, and Labels and Processing — and is a market leader in many of them.
With net sales of EUR 1.6 billion in 2011, Ahlstrom has 32 manufacturing operations employing 5,200 people in over 20 countries.
CENTER FOR CREATIVE LEADERSHIP'S STREAK
OF FINANCIAL TIMES TOP 10 RANKINGS CONTINUES
14 May 2012 - Brussels - The Center for Creative Leadership (CCL®) ranks No. 6 overall in the 2012 Financial Times worldwide survey of executive education released today, the second straight year it has earned that spot. CCL has earned a Top 10 ranking in the survey for 11 consecutive years — and remains the only institution among 50 in the survey that specializes in leadership education and research.
CCL, with offices in Asia, Africa, Europe and North America, also ranks No. 6 worldwide for Customized programs and No. 14 for Open-Enrollment programs.
The Financial Times ranks institutions that offer customized executive education in several sub-categories. CCL placed in the Top 5 in five of them: aims achieved; future use; faculty; teaching methods and materials; and facilities.
In Open Enrollment, CCL placed in the Top 10 in four sub-categories: aims achieved; faculty; teaching methods and materials; and course design. The Financial Times executive education rankings are based on direct feedback from organizational and individual clients from around the world who rated leading executive education providers, such as Harvard, Wharton, INSEAD and IMD, for quality and impact.
"It is a privilege to rank once again among the world's top providers of executive education," CCL President and CEO John Ryan said. "We are grateful for the opportunities our clients provide to serve them and proud of the lasting impact our talented women and men create for them every day."
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 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.54.17 |
|
|
1 |
Rs.82.99 |
|
Euro |
1 |
Rs.70.62 |
INFORMATION DETAILS
|
Information
Gathered by : |
PLK |
|
|
|
|
Report Prepared
by : |
MRI /BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
27 |
This score serves as a reference to assess SC’s credit risk and
to set the amount of credit to be extended. It is calculated from a composite
of weighted scores obtained from each of the major sections of this report. The
assessed factors and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
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.