|
Report Date : |
14.06.2013 |
NOTE:
PUBLICATIONS AND PUBLIC RELATIONS UNIT (P & PR UNIT) IS A UNIT OF
INDIAN SPACE RESEARCH ORGANISATION.
IDENTIFICATION DETAILS
|
Name : |
INDIAN SPACE RESEARCH ORGANISATION PUBLICATIONS AND PUBLIC RELATIONS UNIT (P & PR UNIT) - UNIT OF
INDIAN SPACE RESEARCH ORGANISATION |
|
|
|
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Registered
Office : |
ISRO Headquarters, Anatariksh Bhavan, New Bel Road, Bangalore –
560094, Karnataka |
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Country : |
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Financials (as
on) : |
As on 2013 |
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|
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Date of
Incorporation : |
1969, Government of Indian Brought ISRO under Dept. of Space in
September, 1972 |
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|
Legal Form : |
Government Organisation |
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Line of Business
: |
Subject is engaged in the development of space technology and its
application to various national projects, |
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|
|
|
No. of Employees
: |
Around 18000 (Approximately) (12000 are Scientists and Engineers and
the rest Administrative Staff – 6000) |
RATING & COMMENTS
|
MIRA’s Rating : |
A (61) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Good |
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|
|
Payment Behaviour : |
Regular |
|
|
|
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Litigation : |
Clear |
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Comments : |
Subject is an old
and well –established organization of ‘Government of India’ brought under
Department of space. It is having a
fine track record. it is engaged in the development of space technology and
its application to various national projects. It has successfully operationalized two major satellite systems namely
Indian National Satellites (INSAT) for communication services and Indian
Remote Sensing (IRS) satellites for management of natural resources; also,
Polar Satellite Launch Vehicle (PSLV) for launching IRS type of satellites
and Geostationary Satellite Launch Vehicle (GSLV) for launching INSAT type of
satellites. It has around 18000 employees out of
which 12000 are scientists and engineers and the rest are administrative staffs. The P and PR unit – Publication and
public relations unit looks after public relations and publication activities
relating to Department of space and ISRO. Mr. Devi Prasad Karnik (Mobile No.:
948351666) is the Director in Charge of P and PR unit. Trade relations are decent. Business is
active. Payment terms are regular and as per commitment. The organization can be considered 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.
ECGC Country Risk Classification List – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
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.
LOCATIONS
|
Registered Office : |
ISRO Headquarters, Anatariksh Bhavan, New Bel Road, Bangalore –
560094, Karnataka, India |
|
Tel. No.: |
91-80-23415275/ 22172296 |
|
Fax No.: |
91-80-23511984 |
|
E-Mail : |
|
|
Website : |
MANAGEMENT
|
Name : |
Dr. K. Radhakrishnan |
|
Designation : |
Chairman |
|
Date of Birth/Age : |
64 years |
|
Qualification : |
Technocrat, Post Graduate in Electrical Engineering |
|
Experience : |
40 years |
|
|
|
|
Name : |
Mr. Devi Prasad Karnik |
|
Designation : |
Director |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the development of space technology and its
application to various national projects. |
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|
|
|
Imports : |
|
|
Countries : |
· Europe · USA |
GENERAL INFORMATION
|
No. of Employees : |
Around 18000 (Approximately) (12000 are Scientists and Engineers and
the rest Administrative Staff – 6000) |
|
|
|
|
Bankers : |
State Bank of India |
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Facilities : |
-- |
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|
|
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Banking
Relations : |
-- |
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|
|
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Auditors : |
|
|
Name : |
Comptroller and Auditor General, Government of India |
|
Address : |
New Delhi, India |
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|
|
|
Collaborators : |
10 Earth Observation satellites and 1 Scientific Satellite Having
tie-ups with various global space agencies covering about 35 countries and 3
Multinational bodies including ECMWK, EUMETSAT, European Space agency, NASA
(USA), NOAA (USA), French Space Agency. |
|
|
|
|
Associates/Subsidiaries : |
· The Antrix Corporation Limited Address: Bangalore,
Karnataka, India Profile: The Antrix
corporation Limited, Bangalore, is the apex marketing Agency of ISRO, under
the Dept.of space, with access to resources of DOS as well as Indian space
Industries. Antrix Markets sub systems and components and Components for
satellites, undertakes orders for satellites, to user specifications,
provides launch services and tracking facilities and also organizes training
of manpower and software developments and consultancy services. |
FINANCIAL DATA
[all figures are
in Rupees Millions]
Being defence related undertaking direct information not available; however
certain details are given below: Budget for 2012-13 for the department of space
amount to Rs.67500.000 Millions ISRO Human Space Launch provided 600 millions
and orbiter to mars project allotted 1250.000 millions, regional navigation
satellite system allotted 1700.000 millions.
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 |
Yes |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact person |
No |
|
11] |
Turnover of firm for last three years |
No |
|
12] |
Profitability for last three years |
No |
|
13] |
Reasons for variation <> 20% |
----- |
|
14] |
Estimation for coming financial year |
No |
|
15] |
Capital in the business |
No |
|
16] |
Details of sister concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details (if applicable) |
Yes |
|
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 |
No |
|
29] |
Last accounts filed at ROC |
No |
|
30] |
Major Shareholders, if available |
No |
|
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 |
ACTIVITY OF ISRO
Subject is engaged in the development of space
technology and its application to various national projects. ISRO has
established two major systems such as:
1] INSAT for communication, TV Broadcasting
and Meteorological Services and
2] IRS Indian Remote Sensing System for
resonances monitoring and Management.
ISRO has development two satellite Launching
Vehicles PSLV and GSLV to Place INSAT and IRS Satellites in the required
orbits. ISRO has currently a constellation of 9 communication satellites, 1
Meteorological Satellite.
ISRO has relates space centres located in
various regions of the country with focus on different space projects.
Space Centres are located in:
· Vikram Sarabhai space Centre, Trivandrum
· ISRO Satellite Centre (ISAC), Bangalore
· Shar Centre, Sriharikota
· Liquid Prolusion Systems Centre, Bangalore
· Space Application Centre, Ahmedabad
· Development and educational Communication Unit, Ahmedabad
· ISRO Te Lemetry, Tracking and Command Network, Bangalore
· INSAT Master Control Facility, Hasan
· ISRO Inertial Systems Unit, Trivandrum
· National Remote Sensing Agency, Hyderabad
· Physical Research laboratory, Ahmedabad
· National Mesophere Stratosphere Radar Facility, Tirupati
WEBSITE DETAILS
INTRODUCTION
Space activities in the country started during early 1960s with the scientific investigation of upper atmosphere and ionosphere over the magnetic equator that passes over Thumba near Thiruvananthapuram using small sounding rockets Realising the immense potential of space technology for national development, Dr. Vikram Sarabhai, the visionary leader envisioned that this powerful technology could play a meaningful role in national development and solving the problems of common man.
Thus, Indian Space programme born in the church beginning, space activities in the country, concentrated on achieving self reliance and developing capability to build and launch communication satellites for television broadcast, telecommunications and meteorological applications; remote sensing satellites for management of natural resources.
The objective of ISRO is to develop space technology and its application to various national tasks. Accordingly, Indian Space Research Organisation (ISRO) has successfully operationalised two major satellite systems namely Indian National Satellites (INSAT) for communication services and Indian Remote Sensing (IRS) satellites for management of natural resources; also, Polar Satellite Launch Vehicle (PSLV) for launching IRS type of satellites and Geostationary Satellite Launch Vehicle (GSLV) for launching INSAT type of satellites.
The Space Commission formulates the policies and oversees the implementation of the Indian space programme to promote the development and application of space science and technology for the socio-economic benefit of the country. DOS implements these programmes through, mainly Indian Space Research Organisation (ISRO), Physical Research Laboratory (PRL), National Atmospheric Research Laboratory (NARL), North Eastern-Space Applications Centre (NE-SAC) and Semi-Conductor Laboratory (SCL). The Antrix Corporation, established in 1992 as a government owned company, markets the space products and services.
Current Programme
From the beginning, space activities in the country, concentrated on
achieving self reliance and developing capability to build and launch
communication satellites for television broadcast, telecommunications and
meteorological applications; remote sensing satellites for management of
natural resources.
Accordingly, Indian Space Research Organisation (ISRO) has successfully
operationalised two major satellite systems namely Indian National Satellites
(INSAT) for communication services and Indian Remote Sensing (IRS) satellites
for management of natural resources; also, Polar Satellite Launch Vehicle
(PSLV) for launching IRS type of satellites and Geostationary Satellite Launch
Vehicle (GSLV) for launching INSAT type of satellites.
Satellites
·
INSAT
·
IRS
· PSLV
· GSLV
· SatCom Applications
· Remote Sensing Applications
· VRC
SATELLITE
For the past four decades, ISRO has launched more than 65 satellites for various scientific and technological applications like mobile communications, Direct-to-Home services, meteorological observations, telemedicine, tele-education, disaster warning, radio networking, search and rescue operations, remote sensing and scientific studies of the space.
ISRO has established two major space systems, the Indian National Satellite
System (INSAT) series for communication, television broadcasting and
meteorological services which is Geo-Stationary Satellites,
and Indian Remote Sensing Satellites (IRS) system for resources monitoring and
management which is Earth Observation Satellites. ISRO has
launched many Experimental Satellites which are generally
small comparing to INSAT or IRS and Space Missions to
explore the space.
·
Experimental
/ Small Satellite
LAUNCH VEHICLES – INTRODUCTION
Launch Vehicles
are used to transport and put satellites or spacecrafts into space. In India,
the launch vehicles development programme began in the early 1970s. The first
experimental Satellite Launch Vehicle (SLV-3) was developed in 1980. An
Augmented version of this, ASLV, was launched successfully in 1992. India has
made tremendous strides in launch vehicle technology to achieve self-reliance
in satellite launch vehicle programme with the operationalisation of Polar
Satellite Launch Vehicle (PSLV) and Geosynchronous Satellite Launch Vehicle
(GSLV).
PSLV represents ISRO's first attempt to design and develop an operational vehicle that can be used to orbit application satellites. While SLV-3 secured for India a place in the community of space-faring nations, the ASLV provided the rites of passage into launch vehicle technology for ISRO. And with PSLV, a new world-class vehicle has arrived. PSLV has repeatedly proved its reliability and versatility by launching 62 satellites / spacecrafts (27 Indian and 35 Foreign Satellites) into a variety of orbits so far.
ISRO also makes the Rohini series of sounding rockets used by the Indian and international scientific community to launch payloads to various altitudes for atmospheric research and other scientific investigations. These rockets are also used to qualify some of the critical systems used for advanced launch vehicles.
Landmark achievements in ISRO's Launch Vehicle Development
· PSLV has 22 consecutively successful flights out of 23 launches
· PSLV used for launching a total of 27 satellites for foreign customers under commercial agreements, demonstrating its multi-satellite launch capability
· PSLV used to launch Space capsule Recovery Experiment (SRE-1), Chandrayaan-1 and ISRO's exclusive meteorological satellite, KALPANA-1, proving its versatility
· GSLV with four successful flights of seven launches can launch 2 to 2.5 tonne satellite into Geo-synchronous Transfer Orbit (GTO)
· Successful testing of indigenously developed cryogenic upper stage on November 15, 2007.
ISRO's Launch Fleet at a Glance
· ISRO developed two experimental satellite launch vehicles, SLV-3 and ASLV
· Polar Satellite Launch Vehicle (PSLV) commissioned in 1997
· Geosynchronous Satellite Launch Vehicle (GSLV-Mk I) commissioned after second successful flight in May 2003
· GSLV - MK II will use indigenously developed cryogenic Upper Stage
· GSLV - MK III is under development
Satellite Launch Vehicle-3 (SLV-3), India's first
experimental satellite launch vehicle was successfully launched on July 18,
1980 from SHAR Centre Sriharikota, when Rohini satellite, RS-1, was placed in
orbit. SLV-3 was a 22 m long, all solid, four stage vehicle weighing 17 tonnes
capable of placing 40 kg class payloads in low earth orbit.
It employed an open loop guidance (with stored pitch programme) to steer the
vehicle in flight along pre-determined trajectory. The first experimental
flight of SLV-3, in August 1979, was only partially successful. Apart from the
July 1980 launch, there were two more launches held in May 1981 and April 1983,
orbiting Rohini satellites carrying remote sensing sensors.
Augmented Satellite Launch Vehicle (ASLV) was developed to act as a low cost intermediate vehicle to demonstrate and validate critical technologies. With a lift off weight of 40 tonnes, the 23.8 m tall ASLV was configured as a five stage, all-solid propellant vehicle, with a mission of orbiting 150 kg class satellites into 400 km circular orbits. The strap-on stage consisted of two identical 1m diameter solid propellant motors, Under the ASLV programme four developmental flights were conducted.
The first developmental flight took place on March 24, 1987 and the second on
July 13, 1988. ASLV-D3 was successfully launched on May 20, 1992, when SROSS-C
(106 kg) was put into an orbit of 255 x 430 km. ASLV-D4, launched on May 4,
1994, orbited SROSS-C2 weighing 106 kg. It had two payloads, Gamma Ray Burst
(GRB) Experiment and Retarding Potentio Analyser (RPA) and functioned for seven
years. ASLV provided valuable inputs for further development.
PRESS RELEASE
June 03, 2013
Prof. Satish
Dhawan Endowed Fellowship Established at California Institute of Technology
The Department of Space/Indian Space Research Organisation has
established an endowed fellowship at the Graduate Aerospace Laboratories of the
California Institute of Technology, California, USA. This fellowship is
established in honor of Prof. Satish Dhawan, who was the former Chairman of
Indian Space Research Organisation during its formative period 1972-1984.
Prof. Satish Dhawan was an alumnus of the Graduate Aerospace Laboratories at
California Institute of Technology (Caltech) and obtained his PhD in aerospace
in 1951. He was serving as Distinguished Visiting Professor during 1971-72 at
Caltech, immediately preceding his assumption of the Chairmanship of ISRO in
1972. Prof. Dhawan was not only a visionary leader of ISRO but also an
internationally recognised researcher and a legendary teacher. He was bestowed
with the Distinguished Alumni Award by Caltech in 1969, the highest alumnus
honor. The Government of India honoured Prof. Satish Dhawan by awarding him
Padma Vibhushan in the year 1981.
The fellowship provides an excellent opportunity every year starting from the
winter session of the academic year 2013-14 to one meritorious graduating
student from the Aerospace Department of the Indian Institute of Space Science
and Technology, Thiruvananthapuram to be sponsored by the Department of Space,
to pursue Masters in Aerospace Engineering at Caltech.
June 01, 2013
Polar Satellite Launch Vehicle (PSLV-C22) flight delayed by a fortnight
IRNSS-1A, the first Indian Navigation Satellite, was scheduled for
launch onboard PSLV-C22 on June 12, 2013 at 01:01 hrs. from Satish Dhawan Space
Centre, Sriharikota. IRNSS-1A Satellite has gone through all electrical checks
and is ready for propellant filling. The PSLV-C22 vehicle was fully integrated
and was undergoing electrical checks.
During the electrical checks of the launch vehicle, an anomaly was observed in
one of the electro-hydraulic control actuators in the second stage. It has been
decided to replace this actuator.
The replacement of the control actuator needs two weeks of activity at the
Launch Pad and the Vehicle Assembly Area. Accordingly, the launch of
PSLV-C22/IRNSS-1A is delayed by a fortnight with respect to the original
scheduled date of June 12, 2013.
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.58.41 |
|
|
1 |
Rs.91.62 |
|
Euro |
1 |
Rs.78.12 |
INFORMATION DETAILS
|
Report Prepared
by : |
NIT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
8 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
8 |
|
--CREDIT LINES |
1~10 |
8 |
|
--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 |
|
61 |
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.