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Report Date : |
05.12.2013 |
IDENTIFICATION DETAILS
|
Name : |
VISVESVARAYA NATIONAL INSTITUTE OF TECHNOLOGY |
|
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|
|
Formerly Known
as : |
VISVESVARAYA REGIONAL COLLEGE OF ENGINEERING (VRCE) |
|
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Registered
Office : |
South Ambazari Road, Nagpur - 440010, Maharashtra |
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Country : |
India |
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|
|
Financials (as
on) : |
2010 |
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|
|
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Date of
Incorporation : |
June
1960 |
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Capital
Investment / Paid-up Capital : |
Not Available |
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|
Legal Form : |
Educational Institute. |
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Line of Business
: |
Educational Institute. |
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|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (53) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Good |
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|
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|
Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a reputed educational institute located at Nagpur,
Maharashtra, it is one of the thirty National Institutes of Technology in
India. Management denied to disclose any information of the subject to us. As per indirect source, we found that the subject was earlier known as
Regional Engineering College. However in 2002, the Government of India
conferred on the Institute, the deemed to be University Status under
University Grants Commission Act 1956 (3 of 1956). Further, the Human Resource Department, Government of India decided to
upgrade the subject from Regional Engineering College to National Institute
of Technology under the ambit of National Institute of Technology Act 2007
and appoint various committees, senate and board of Governors in order to
successfully manage the institute. The subject has been provided with the complete autonomy in its
functioning as autonomous technical university and hence can draft their own
curriculum and functioning policies. All the relations seems to be fair. Business is active. Payment terms
are reported as regular and as per commitment. The subject can be considered fine 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.
INDIAN ECONOMIC OVERVIEW
The current downturn
provides an opportunity to push ahead with reforms to accelerate growth, says
the latest India Development Update report released by the World Bank. The
report says that the adverse effects of rupee depreciation are likely to be
offset by the gains in the exports performance due to improved external
competitiveness. Since May this year, the local currency has depreciated
substantially and fell to a record level of Rs 68.85 to a dollar on August, 28.
A stagflation like
situation appears to have arisen as inflation jumped to an eight month high of
6.46 % for the month of September. It is up from 6.10 % in August. Growth
continues to be muted with factory output plunging to 0.6 % in August.
Onion prices have risen nearly 300 % from last September. Vegetables cost
nearly 90 % more than they did last year. Wake up to the economic contribution
of slum dwellers. They contribute more than 7.5 % to the country’s gross
domestic product, according to a recent study conducted in 50 top cities.
136000 estimated
number of jobs created during the second quarter of the current financial year.
50000 estimated number of additional jobs in the field of corporate social
responsibility in the coming years.
The International
Finance Corporation expects to come out with its rupee linked bonds issue
before the end of 2013 as a part of its plan to raise $ 1 billion. The Apple
iPhone 5c (Rs 41900 for 16 GB variant) and 5s (Rs 53500 for 16GB variant) has
been launched in India from 1st November.
The Land Acquisition
Act to provide just and fair compensation to farmers will come into force from
January 1 next year, said Rural Development Minister Jairam Ramesh. The Act
replaces a 119 year old registration. The Securities and Exchange Board of
India has approved the trading of currency futures on the Bombay Stock
Exchange. The exchange plans to launch the currency futures platform with
advanced trading technology by the end of November.
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 DECLINED
MANAGEMENT NON-COOPERATIVE [91-712-2222828]
LOCATIONS
|
Registered Office : |
South Ambazari Road, Nagpur - 440010, Maharashtra, India |
|
Tel. No.: |
91-712-2222828/ 2224123/ 2231636/ 2226750/ 2223710/ 2236330/ 2236331/
2236332 |
|
Fax No.: |
91-712-2802200/ 2223230 |
|
E-Mail : |
|
|
Website : |
BOARD OF GOVERNORS
|
Name : |
Dr. S. K.
Joshi |
|
Designation : |
Chairman |
|
|
|
|
Name : |
Mrs. Amita
Sharma |
|
Designation : |
Member |
|
|
|
|
Name : |
Mr. A. N. Jha |
|
Designation : |
Member |
|
|
|
|
Name : |
Mr. Pramod
Chaudhary |
|
Designation : |
Member |
|
|
|
|
Name : |
Mrs.
Joyashree Roy |
|
Designation : |
Member |
|
|
|
|
Name : |
Prof. S. C.
Sahasrabudhe |
|
Designation : |
Member |
|
|
|
|
Name : |
Prof. U. N.
Gaitonde |
|
Designation : |
Member |
|
|
|
|
Name : |
Prof. A. G.
Kothari |
|
Designation : |
Member |
|
|
|
|
Name : |
Mr. I. L.
Muthreja |
|
Designation : |
Member |
|
|
|
|
Name : |
Dr. Narendra
S. Chaudhari |
|
Designation : |
Member |
KEY EXECUTIVES
|
Name : |
Dr. B. M. Ganveer |
|
Designation : |
Secretary |
BUSINESS DETAILS
|
Line of Business : |
Educational Institute. |
GENERAL INFORMATION
|
No. of Employees : |
Information declined by the management |
|
|
|
|
Bankers : |
State Bank of India |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
Not Available |
CAPITAL STRUCTURE
NOT AVAILABLE
FINANCIAL DATA
[all figures are
in Rupees Millions]
INCOME
|
S. No. |
PARTICULARS |
2009-2010 |
2008-2009 |
2007-2008 |
|
|
|
|
|
|
|
|
Grant received from the Central Govt. |
371.222 |
205.835 |
155.000 |
|
|
|
|
|
|
|
|
Fees and Subscription |
83.541 |
43.918 |
28.732 |
|
|
|
|
|
|
|
|
Income from Investments |
-- |
-- |
1.897 |
|
|
|
|
|
|
|
|
Interest Earned |
6.809 |
5.537 |
0.927 |
|
|
|
|
|
|
|
|
Other Income |
45.157 |
312.227* |
2.642 |
|
|
|
|
|
|
|
|
Income from Sales/Services |
14.360 |
-- |
-- |
|
|
|
|
|
|
|
|
Total |
521.089 |
567.517 |
189.198 |
* The amount
includes Rs. 309.500 Millions of depreciation value for all the previous years
transferred to Capital Account.
EXPENDITURE
|
S. No. |
PARTICULARS |
2009-2010 |
2008-2009 |
2007-2008 |
|
|
|
|
|
|
|
|
Establishment Expenses i) Pay and Allowances ii) Pension iii) Scholarship |
420.093 |
213.430 |
152.224 |
|
|
|
|
|
|
|
|
Other Administrative Expenses (Contingency) |
98.179 |
364.405* |
44.283 |
|
|
|
|
|
|
|
|
Total |
518.272 |
577.835 |
196.507 |
* The amount
includes Rs. 309.500 Millions of depreciation value for all the previous years
transferred to Capital Account.
LOCAL AGENCY FURTHER INFORMATION
|
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 |
No |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact
person |
No |
|
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 |
No |
|
16] |
Details of sister
concerns |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details
(if applicable) |
No |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm
/ promoter involved in |
-- |
|
23] |
Banking Details |
Yes |
|
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 |
No |
|
30] |
Major Shareholders, if
available |
No |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
No |
|
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 |
AN OVERVIEW
HISTORICAL BACKGROUND
The Visvesvaraya
National Institute of Technology, Nagpur is one of the thirty National Institutes
of Technology in the country. The Govt. of India conferred on the Institute,
the Deemed to be University status
(under University Grants Commission Act, 1956 (3 of 1956)) with effect from
26th June 2002. Subsequently, the Central Govt. by Act of Parliament (National
Institutes of Technology Act, 2007 (29 of 2007)) declared VNIT Nagpur as an
Institute of National Importance along with all other NITs. The Act was brought
into force from 15th August 2007.
Earlier, the
Institute was known as Visvesvaraya Regional College of Engineering (VRCE).It
was established in the year 1960 under the scheme sponsored by Govt of India
and Govt. of Maharashtra. The college was started in June 1960 by amalgamating
the State Govt. Engineering College functioning at Nagpur since July 1956. In
the meeting held in October 1962, the Governing Board of the College resolved
to name it after the eminent engineer, planner, and statesman of the country
Sir M. Visvesvaraya.
INTRODUCTION
The Visvesvaraya
National Institute of Technology (VNIT), Nagpur enjoys a prestigious position
in the country, especially in Central India, and is recognized as a
pace-setting institute for other educational institutions in the region.
Established first as Visvesvaraya Regional College of Engineering (VRCE) in
1960, it was recognized as an 'Institute of National Importance' by an Act of
Parliament and thus came to have the name with which it is now known.
OBJECTIVES
The national
character of the Institute aims at contributing effectively to the national
endeavor of producing quality human resource of world class standards by
developing a sustainable technical education system to meet the changing
technological needs of the country, incorporating relevant social concerns and
to build an environment to create and propagate innovative technologies for the
economic development of the nation.
VNIT is committed
to generating and disseminating knowledge and to maintaining the highest
standards of excellence. The Institute motivates its staff to work at the
frontiers of academic enquiry and to enable the students to reach their full
potential in an excellent academic and research environment. The Institute
empowers the learning-teaching community to serve the changing needs of the
society and nation and contribute effectively to improve the quality of life.
LOCATION
Nagpur, known as
Orange City is centrally located and well-connected to all the parts of the
country by air, rail, and road. It is the second capital of Maharashtra.
CAMPUS
The campus of VNIT
is spread over an area of 214 acres near Ambazari lake. It presents a spectacle
of harmony in architecture and natural beauty. The campus has been organized in
three functional sectors;
1.0 Hostels for
students,
2.0 Instructional
buildings, Administrative Block, and Library
3.0 Residential
sector for staff
The Instructional
buildings are located fairly close to both, the hostels and the staff quarters.
The campus has a full-fledged computerized branch of State Bank of India with
ATM facility, Canara Bank, and Post Office.
The Institute has
its own Health Center with a residential Medical Officer. The specialized
services of a Psychological Counselor, Dietician, Physiotherapist, Pathology
lab, Yoga centre, and also medical consultants in Ayurveda and Homeopathy are
available. Patients suffering from serious illness / requiring intensive care
are referred to the Govt. Medical College and Hospital and other Health care
centers duly approved under the CGHS.
An adequately
equipped canteen is close to the instructional zone and hostels. Two more
cafeterias exist on the campus. The Institute has a well equipped Gymkhana
apart from various playgrounds for Tennis, Badminton, Volley Ball, Foot Ball,
Hockey, and Cricket. NCC unit is also located on campus.
ADMINISTRATION
As per the
provisions of the NIT Act, the Board of Governors (BoG) is responsible for
superintendence, direction, and control of the Institute. Thus, the BoG is
vested with full powers of the affairs of administration / management and
finances of the Institute. Members of the Board represent Govt. of India, Govt.
of Maharashtra, Industries, and faculty of the Institute. The Director is the
principal academic and executive officer of the Institute. Besides the Board of
Governors, the Institute has a Senate, a Finance Committee and a Building and
Works Committee which are Statutory Committees and therefore, Authorities of
the Institute.
Apart from these
committees, the Board has the power to constitute various sub-committees for
smooth and efficient administration. Thus, the Board has constituted the Stores
Purchase Committee (SPC), Grievance Committee (GC), and Special Cell. The SPC
administers the centralized procurement of equipment and material whereas the
GC provides a platform to hear the views of staff and faculty on grievances.
The Special Cell functions to protect the interest of backward-class candidates
through procedural, institutional, and other safeguards.
COURSES OFFERED
UG Programs
1. B.Tech.
Chemical Engg.
2. B.Tech. Civil
Engg.
3. B.Tech.
Computer Science and Engg..
4. B.Tech.
Electrical and Electronics Engg.
5. B.Tech.
Electronics and Communication Engg.
6. B.Tech.
Mechanical Engg
7. B.Tech.
Metallurgical and Materials Engg.
8. B.Tech. Mining
Engg.
9. B. Architecture
PG Programs
1. M.Tech.
Industrial Engg.
2. M.Tech. Heat
Power Engg.
3. M.Tech.
Materials Engg.
4. M.Tech.
Electronics (VLSI Design)
5. M.Tech.
Integrated Power Systems
6. M.Tech.
Structural Engg.
7. M.Tech.
Structural Dynamics and Earthquake Engg.
8. M.Tech.
Environmental Engg.
9. M.Tech. Water
Resource Engg.
10. M.Tech CAD-CAM
11. M.Tech.
Computer Science and Engineering
12. M.Arch. Urban Planning
M.Tech. (by
Research)
This program is
offered in Engineering departments viz. Chemical, Civil, Computer Science,
Electrical and Electronics, Electronics and Communication, Mechanical,
Metallurgical and Materials, and Mining engineering.
Ph.D. (Part / Full
Time)
The Ph. D program
is offered in all Faculties - Engineering, Science and Humanities and
Architecture. In addition, a Ph.D. program under the QIP scheme is offered by
the Departments of Electrical Engg. and Metallurgical and Materials Engg.
AWARDS
The Institute declared
about 66 awards for academic excellence in various branches based on the
average of the Semester / Year marks.
‘Sir Visvesvaraya
Medal’ is awarded every year to the most outstanding student from B.Tech. /
B.E. / B.Arch. degree courses. The award is given to the student securing
highest CGPA.
Several other awards are presented by various sponsors to students of
different branches.
WEBSITE DETAILS
HISTORICAL BACKGROUND
The Visvesvaraya National Institute of Technology, Nagpur is one of the
twenty National Institutes of Technology in the Country. The Govt. of India
converted this Institute into National Institute of Technology and conferred
the Deemed to be University status (under University Grants Commission Act,
1956 (3 of 1956)) with effect from 26th June 2002. Before conversion, the
Institute was known as Visvesvaraya Regional College of Engineering that was
established in the year 1960 under the scheme sponsored by Government of India
and Govt. of Maharashtra. The College was started in June 1960 by amalgamating
the State Govt. Engineering College functioning at Nagpur since July 1956. In
the meeting held in October 1962, the Governing Board of the College resolved
to name it after an eminent engineer, planner, statesman of the Country Sir M.
Visvesvaraya. The prime objective of establishing Regional Engineering Colleges
was to impart quality technical education throughout the country and foster
national integration. The College started functioning in 1960 from camp office
in the premises of Govt. Polytechnic, Sadar, Nagpur and subsequently an area of
about 214 acres was acquired to house an independent Regional Engineering
College at present location.
PRESS RELEASES:
WEB DEVELOPMENT
WORKSHOP HELD AT VNIT'S TECHFEST AXIS 2013
Sep 17, 2013
NAGPUR: Students from many colleges across the city learnt the basics of web designing at a workshop organized at Visvesvaraya National Institute of Technology (VNIT) during their tech fest 'Axis 2013'. While the other workshops in the techfest were attended by engineering students only, this one saw participation of students from other fields too.
Starting with the basics, the workshop taught the participants the very interactive platforms of web designing. It was conducted by trainers from Bangalore-based Archipedia Mecahawks. Around 200 students from cities like Hyderabad, Mumbai, Raipur, Bhillai and other nearby towns participated in the workshop.
"Learning to develop a website can help anybody set up their own web profile. Also, since we had workshops on hacking the earlier week, those who attended both would know how to make a secure and strong website," said Mayur Barai, a core co-ordinator of Axis 2013.
Second year student of St Vincent Pallotti College of Engineering Revati Ghadyalji said that there were several basic aspects of web developing that she had heard a lot about, but were never clear to her. "Now, I know why they were developed and also about their future development and applications," she said. Her classmate Amruta Kore said that the best part of the workshop was that they could put up questions without any hesitation due to the receptive approach of the trainers.
Mayur Bhoyar from Yavatmal said that a couple of his friends, who are not from computer background, also understood everything as the sessions and concepts were well spread and linked.
AXIS-2013 AT
VISVESVARAYA NATIONAL INSTITUTE OF TECHNOLOGY PROMOTES LEARNING WITH FUN
Sep 23, 2013
NAGPUR: Even as the world outside had just wrapped up the festive celebrations, the premises of Visvesvaraya National Institute of Technology (VNIT) came alive this weekend. The campus was buzzing with presence of students of all ages and classes, including school kids and college youths from across the country.
The occasion was college's annual technical fest 'Axis'. There were around 40 events at Axis-2013, divided into four broad themes - software and electronics; construction, design and architecture; robotics and automation; and management. The tech fest saw participation by college students from Gurgaon, Bhillai, Chennai, Hyderabad and Mumbai while the school students were from places like Ramtek, Jambsavali, Yavatmal and Wardha.
"The events are designed and conceived keeping in mind the interests of budding engineers, even those from the schools. From making various kinds of robotic devices to understanding the working of a car engine, designing bridges and devices that can generate hydroelectricity, animations and other brainy stuff, all the competitions were such that they challenged one's mental faculties," said an organizer Ajay Gupta. He added that instead of the plain boring format, the competitions were situation-based like building a robot to save people from an area where a volcano has just erupted.
It was not just learning but a lot of fun too. "We organized games like paint ball and body zorbing which attracted a huge number of kids. There was also a vintage car rally, liquid nitrogen show by scientists from Raman Science Centre and an exhibition of rocks by the Geological Survey of India," said another organizer Sushant Telang.
School students had their bit of fun in competitions like science projects, catapult designing, quizzing and model United Nations. "Participating in this event is a learning experience. Now, my resolve to become an engineer and take admission to VNIT has only become stronger," said school student Shreya Kulkarni. "Not just engineering, so many other career options have opened up for us by learning a few things here and interacting with the seniors," said standard X student Mrunal Kakirwar.
A final year engineering student from Durg, Chatrapal Singh, was especially impressed with the scale at which the robots in the various competitions were made. For Abhilash Singh from Bhillai, it was exciting to be a part of events he had only heard kept happening at IITs and NITs. Third year student Amit Subudhi said, "It is impressive that an event of this magnitude is being organized entirely by the students every year."
NAGPUR INSTITUTE WINS
ARCHITECTURE QUIZ
Sep 5, 2013
PUNE: Architects from Visvesvaraya National Institute of Technology (VNIT), Nagpur, and Dr Vasantdada Patil College of Architecture, Pune, emerged winner and first runner up respectively, in Archumen, the 11th edition of the annual quiz contest for architects held in the city recently. The quiz competition has secured an entry into the Limca Book 2013 edition, a statement issued by competition host Bharati Vidyapeeth University, said.
The West Zone round of the competition took place on August 30 at Bharati Vidyapeeth University. The top two teams will now be part of the final round where winners of east, north and south zones would participate, the statement added.
The competition saw more than 150 two-member teams representing about 30 colleges from Gujarat, Madhya Pradesh, Goa and Maharashtra. The event was hosted by the Bharati Vidyapeeth College of Architecture. Kiran Shinde, principal, Bharati Vidyapeeth College of Architecture said that, more than 500 students and staff members from several colleges attended the quiz, which went on for two hours.
The event was also supported by Young Architects Committee of The Indian Institute of Architects (IIA) and National Association of Students of Architecture (NASA).
The winning team from VNIT Nagpur, which made its debut this year, comprised Varad Lahoti and Aparna Ramesh, while the Pune college team, the first runner-up were represented by Ashwin Joshi and Prasad Shekhar.
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. 62.33 |
|
|
1 |
Rs. 102.18 |
|
Euro |
1 |
Rs. 84.68 |
INFORMATION DETAILS
|
Information Gathered
by : |
NYA |
|
|
|
|
Report Prepared
by : |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTERS |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
53 |
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.