MIRA INFORM REPORT

Report Date :

19.03.2013

IDENTIFICATION DETAILS

Name :	DIRECTORATE OF TECHNICAL EDUCATION, GOVE

Registered Office :	3 Mahapalika Marg, Dhobi Talao, Mumbai – 400001, Maharashtra

Country :	India

Year of Establishment :	1975

Capital Investment / Paid-up Capital :	Not Divulged

Legal Form :	Education Institution

Line of Business :	Technical Education Institute

No. of Employees :	Information declined by the management

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Status :	Satisfactory

Payment Behaviour :	Usually correct

Litigation :	Clear

Comments :	Subject is an education institution of State Government having satisfactory track record. The role of Directorate is to maintain, enhance standard quality of technical education. It’s vision is to become a world class, globally competitive flexible and learning higher education institution. Business is active. Payments are reported to be usually correct and as per commitment. The institution can be considered normal for business dealing 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

India is developing into an open-market economy, yet traces of its past autarkic policies remain. Economic liberalization, including industrial deregulation, privatization of state-owned enterprises, and reduced controls on foreign trade and investment, began in the early 1990s and has served to accelerate the country's growth, which has averaged more than 7% per year since 1997. India's diverse economy encompasses traditional village farming, modern agriculture, handicrafts, a wide range of modern industries, and a multitude of services. Slightly more than half of the work force is in agriculture, but services are the major source of economic growth, accounting for more than half of India's output, with only one-third of its labor force. India has capitalized on its large educated English-speaking population to become a major exporter of information technology services and software workers. In 2010, the Indian economy rebounded robustly from the global financial crisis - in large part because of strong domestic demand - and growth exceeded 8% year-on-year in real terms. However, India's economic growth in 2011 slowed because of persistently high inflation and interest rates and little progress on economic reforms. High international crude prices have exacerbated the government's fuel subsidy expenditures contributing to a higher fiscal deficit, and a worsening current account deficit. Little economic reform took place in 2011 largely due to corruption scandals that have slowed legislative work. India's medium-term growth outlook is positive due to a young population and corresponding low dependency ratio, healthy savings and investment rates, and increasing integration into the global economy. India has many long-term challenges that it has not yet fully addressed, including widespread poverty, inadequate physical and social infrastructure, limited non-agricultural employment opportunities, scarce access to quality basic and higher education, and accommodating rural-to-urban migration.

Source : CIA

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 (GENERAL DETAILS)

Name :	Mr. D.S. Meshram
Designation :	Joint Director
Contact No.:	91-22-22691258
Date :	15.03.2013

LOCATIONS

Registered Office :	3 Mahapalika Marg, Dhobi Talao, Mumbai – 400001, Maharashtra, India
Tel. No.:	91-22-2264150
Fax No.:	91-22-22692012
E-Mail :	system@dte.org.in
Website :	www.dte.org.in

MANAGEMENT AND OFFICERS

SN	Officer Name	Designation	Direct No	Email
1	Dr. S.K. Mahajan	I/C Director	22621726	director@dte.org.in \| skmahajan@dte.org.in
2	D.S. Meshram	Joint Director	22691258	dsmeshram@dte.org.in
3	P. A. Naik	Joint Director	22693793	panaik@dte.org.in
4	S.P.Yavalkar	Dy. Director	22691563	spyavalkar@dte.org.in
5	R. P. Gaikwad	Asstt. Director(Tech)	30233439	desk9@dte.org.in
6	K.P.Narkhede	Asstt. Director (Tech) and I/c Dy. Director	30233475	-
7	S.M.Nilangekar	I/c TPO	22690607
8	S. D. Uparwat	I/c System Manager	22644859	sduparwat @dte.org.in \| system@dte.org.in
9	Keshav K.Bele	System Analyst	22644859	kkbele@dte.org.in
10	Smt. V. A. Chate	System Analyst	22644859	vachate@dte.org.in
11	S. M. Nilangekar	Inspector	30233470	desk11@dte.org.in
12	D.S. Kukade	Administrative Officer	30233471	desk4@dte.org.in
13	M. S Raut	Administrative Officer (Desk 5and Desk7, Desk12/13)	30233472	desk7@dte.org.in
14	A.P. Bandekar	Assistant Director (Non Technical) (Desk15)	30233479	desk15@dte.org.in
15	P. M. Bhandarwar	Assistant Director(Non Tech) (Desk4/4A)	30233473	desk4@dte.org.in
16	Smt.S.V. Thakur	I/c Desk Officer (Desk12)	30233412	desk12@dte.org.in
17	S. B. Bhor	Chief Account Officer (Desk14/15)	30233481	desk14@dte.org.in
18	S. D. Patil	Account Officer (Desk6)	30233483	desk6@dte.org.in
19	Smt. M.V.Faldesai	Account Officer (Desk8)	30233482	desk8@dte.org.in
20	M. R.. Hatekar	Desk Officer (Desk2/desk10)	30233474	desk2@dte.org.in \| desk10@dte.org.in
21	A. R. Harke	I/c Desk Officer (Desk16)	30233416	desk16@dte.org.in
22	Smt. S. S. Rane	I/c Desk Officer (Desk9)	30233409	desk9@dte.org.in
23	Smt. S. A. Gosavi	I/c Desk Officer (Desk2A)	30233410	desk2a@dte.org.in
Special Officer on Duty at the Directorate
1	S.V. Kolla	Officer on special Duty	22657981	svkolla@dte.org.in
2	N B Patil	Officer on Special Duty (IT Cell)	22612139	nbpatil@dte.org.in
3	Dr. S. S. Bhamare	Officer on Special Duty	30233493	sunilsbhamare@gmail.com
4	S. R. Aher	Officer on Special Duty Diploma	30233465	Desk10@dte.org.in
5	V.D. Daware	Officer on Special Duty Degree (MT-CET)	30233456	desk2a@dte.org.in
6	C. Y. Patil	Officer on Special Duty Degree (MT-CET)	30233456	desk2a@dte.org.in
7	S. C.Bulani	Special Officer on Duty-Minority	22617969	mcm.dte@gmail.com
Desks at the Directorate
1	Smt. Laxmi Krishnani	P.A. to Director	22691726	desk1@dte.org.in
2	R. R. Dhepe	Office Supdt.	30233402	desk2@dte.org.in
2A	Rajesh Budage	N.A.	30233447	desk2a@dte.org.in
3	Smt. G. H. Gaikwad	Programmer	22644859	ghgaikwad@dte.org.in
3	Smt. S. V. Bari	Programmer	22612139	svbari@dte.org.in
3	M. R. Kirad	D.E.O.	22644859	mrkirad@dte.org.in
4A	Smt. S. S. Sakpal	Head Clerk	30233424	desk4a@dte.org.in
4	Smt.S.R. Mayekar	Head Clerk	30233404	desk4@dte.org.in
5	Smt.D.D.Patange	Office Suptd.	30233405	desk5@dte.org.in
6	-	Office Supdt.	-	desk6@dte.org.in
7	A.R. Harke	Office Supdt.	-	desk7@dte.org.in
8	K.G.Edke	Office Supdt.	30233408	desk8@dte.org.in
9	Smt.S.S. Rane	Office Supdt.	30233409	desk9@dte.org.in
10	Smt.S.A. Gosavi	Office Supdt.	30233410	desk10@dte.org.in
11	Smt. S.S. Kocharekar	Office Supdt.	30233411	desk11@dte.org.in
12	Smt. S. V. Thakur	Office Supdt.	30233412	desk12@dte.org.in
13	A. N. Umare	Registry - N.A.	30233413	desk13@dte.org.in
14	-	Office Suptd.	-	desk14@dte.org.in
15	K. P. Hire	Office Supdt.	30233435	desk15@dte.org.in
16	A. R. Harke	Office Suptd.	30233416	desk16@dte.org.in
M	Smt. S. P. Kane	Office Suptd. (Minority)	30233486	mcm.dte@gmail.com
SP FU	U. H. Waghmare	N.A.	30233419	spfu.maharasthra@gmail.com

BUSINESS DETAILS

Line of Business :

Technical Education Institute

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	Yes
10]	Designation of contact person	Yes
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	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	No
24]	Banking facility details	No
25]	Conduct of the banking account	----------------------
26]	Buyer visit details	----------------------
27]	Financials, if provided	No
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	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

PRESENT STATUS OF TECHNICAL EDUCATION IN MAHARASHTRA STATE.

Highlights

1. Development of Technical Education

The following table gives an idea about development of technical education since 1978; in terms of type of courses, No. of institute and the sanctioned intake.

Apart from these the intake as of 2012 in other courses is as below.

Sr. No.	Type of Courses	Year	No. of Institutes	Sanctioned Intake
1	Diploma in Engineering and Technology	1978	28	5145
		1988	127	23436
		1995	160	30000
		2000	170	34295
		2005	174	68685
		2010	387	132632
		2012	442	161087
2	Degree Course in Engineering and Technology	1978	16	2642
		1988	76	14275
		1995	94	22740
		2000	129	38939
		2005	154	46325
		2010	309	114268
		2012	364	148084
3	Post Graduate Degree Course in Engineering and Technology	1978	9	584
		1988	11	700
		1995	14	750
		2000	15	770
		2005	41	2789
		2010	88	6081
		2012	201	13208

Apart from these the intake as of 2012 in other courses is as below.

Sr.No.	Types of the courses	No. of Institutes	Sanctioned Intake
1.	Degree in Architecture	56	3287
2.	Degree in Pharmacy	150	9840
3.	Degree in Hotel management	10	530
4.	Diploma in Architecture	00	00
5.	Diploma in Pharmacy	198	12187
6.	Diploma in HMCT	16	1000
7.	Post HSC Diploma in Engineering and Technology	31	1550

Apart from running full-time degree and diploma courses, the directorate runs part-time degree and diploma courses and correspondence courses. The details are as below

Sr.No.	Types of the courses	No. of Institutes	Sanctioned Intake
1.	Part-time Degree in Engg.	02	480
2.	Part time Diploma in Engg.	06	1020
3.	Diploma in Engg. By correspondence	01	400

With the advancement in Technology and developments in new areas of Technology has made it necessary to start new course in the new and emerging areas to cater to the needs of the industry and society. "Non-Conventional Courses" at degree and diploma level courses in Industrial Electronics, Computer Technology, Chemical Engineering, Bio-medical Engg., Construction Technology, Production Engg. etc. are started.

Progressive increase in No. of Technical Institutes / Colleges over last 40 years

Sr.No	Item	1960-61	1970-71	1980-81	1990-91	1995-96	1998-99	1999-2000	2000-2001	2005-2006	2010-2011
1	2	3	4	5	6	7	8	9	10	11	12
1.	Engineering, Technology, Pharmacy, Architecture, HMCT Colleges	7	10	14	83	94	206	226	229	273	510
2.	Polytechnics (Engg./Tech.)	14	25	28	127	160	154	170	170	183	599

Progressive increase in No. of Student Seeking Technical Education

in Institutes / Colleges over last 40 years

Sr. No.	Institutes Type	Progressive increase in intake
Sr. No.	Institutes Type	1960-61	1970-71	1980-81	1990-91	1995-96	1998-99	1999-2000	2001-2002	2005-2006	2010-2011
1	Engineering, Technology, Pharmacy, Architecture, HMCT, Colleges	952	1865	1950	17990	22740	29030	42946	45797	51405	126075
2.	Polytechnics (Engg./Tech)	1940	4140	5145	23436	30000	33000	34295	35440	43503	145294

2. DIRECTORATE OF INDUSTRY-INSTITUTE CO-ORDINATION (DllC)

Directorate of Industry-institute Co-ordination was established in 1996 MHRD World Bank Project has been started to look after the quality improvement of the faculty, staff as well as the students and the efficiency enhancement of Technical Education system (TES) in total. This is a separate Directorate to manage the externally funded projects for total quality management (TQM) of TES of Maharashtra.

3. STAFF DEVELOPMENT PROGRAM

Staff Development cells are established at six lead centre polytechnics in Maharashtra state. These cells have identified training need and training facilities and design need based training programmes for the teaching faculties and supporting staff. About 475 faculty members have been trained in various areas like educational technology, content updating, computer, MIS, entrepreneurship, educational management etc. with the help of TTTI Bhopal, IIT Bombay and National Institute of Industrial Engg. Bombay.

Sufficient number of teachers are being deputed for post graduates and post doctoral programmes, every year. Foreign fellowship programmes are also being arranged for senior administrators and teachers engaged in teaching high-tech courses.

4. INDUSTRY INSTITUTE INTERACTION

With fast growing needs of the industries for man-power with specialisation in specific areas it became necessary to have proper interaction with the industry. Therefore special 28 Industry Institute Interaction Cells have been established in Institutions. The main function of the cell is to promote interrelationship between industry and institution through training programmes, visiting faculty from industry, industrial visits and practical training etc.

These cells are establishing liaison with industries around for the benefit of students, teachers and support staff. A Memorandum of Understanding (M.O.U.) has been signed between confederation of Indian Industry and Directorate of Technical Education, Bombay for this purpose. Advisory committees are formed in all technical institutes for participation from industries and business houses.

5. MAHARASHTRA STATE BOARD OF TECHNICAL EDUCATION

Diploma Courses in Engineering and Technology were first run by the Institutions like Victoria Jubilee Technical Institution, Mumbai; College of Engineering Pune, Cusrow Wadia Institute of Technology, Pune etc. Initially, the examinations were conducted through the Board of Examiners (BOE) appointed by the committee of Technical and Institutional Training of the old Mumbai, province. After independence with increased stress on industrial development, a separate Directorate of Technical Education was set up by the Government in 1948 to organise and co-ordinate technical education activities at all levels. The Diploma examinations in Engineering and Technology were conducted through the Directorate of Technical Education up to 1963.

With increase in the number of institutions, courses and students admitted to various diploma courses, a need to have a separate body to conduct the examinations of these courses was felt and thus in August1963, a separate Board of Technical Examinations for the state was established. Now this Board, named as Maharashtra State Board of Technical Examination (MSBTE), has been given an autonomous status, since 1999- 2000.

6. WORLD BANK ASSISTED PROJECT

With fast developments in technologies it was essential to revamp technicians education's at Diploma level. World Bank offered to finance the scheme of strengthening of Technician Education. World Bank Assisted Project to strengthen Technician Education was started in January 1992. The project completed on 31st October 1999.

The main components of the project are

· Capacity Expansion

· Quality Improvement

· Efficiency Improvement

The Highlights of the project are

· Introduction of 39 New Diploma Courses in existing institutes.

· Starting of two women's residential polytechnics.

· Introduction of Community Polytechnic Scheme in 17 Polytechnics.

· Development of well equipped Computer Centers in 32 Polytechnics.

· Introduction of 15 New Post-Diploma courses in existing institutes.

· Developments of six polytechnics as Lead centers, a new Concept.

· Academic autonomy to 15 Polytechnics.

· Establishment of Staff Developments and Curriculum Development Cells.

· Establishment of Continuing Education Department in 12 Polytechnics.

· Modernization of Laboratories and Libraries.

· Strengthening of BTE and DTE.

¾ The total outlay of the project is Rs. 230 crores.

¾ Beneficiary Institutes: 51

7. BOOK BANK AND TRAINING and PLACEMENT SERVICES

The Directorate implements some other schemes for the benefit of the students. These are Book Bank for backward class students / Training and Placement Cell in the institutions to facilitate the industry institute interaction and also help students in getting good jobs through campus interviews. The student counseling and guidance is extended to the student through these cells.

8. WOMEN IN TECHNICAL EDUCATION

One new Co-ed polytechnic under the name Institute of Petrochemical Engineering started at Lonare, (Dist Raigad). It caters to 3 diploma and 3 post diploma courses.

Two women residential polytechnics, one at Latur and other at Yavatmal are started. Both the polytechnics have started their academic work from the academic year 1994-95.

Five existing polytechnics are having Women Wings. They are catering courses as given below

1) Govt. Polytechnic, Nagpur - Electronics and Telecommunication

2) Govt. Polytechnic, Jalgaon - Computer Engineering

3) Govt. Polytechnic, Aurangabad - Dress Designing and Garment Mfg.

4) Govt. Polytechnic, Ratnagiri - Electronics and Telecommunication

5) Govt. Polytechnic, Pune - Computer Engineering

In Engineering colleges and polytechnics 30% seats in degree admissions are reserved for women to pursue technical education and 30% seats are also reserved in employment for them. This has resulted into motivation for women student towards technical education.

9. COMMUNITY POLYTECHNICS

Community Polytechnics scheme was introduced in 1970 for Man Power Development, Technology Transfer and Technical Support to Community Services to cater to the needs of under developed rural areas. Presently 37 polytechnics are covered under this scheme. The scheme is mainly to upgrade the skills of rural youths and to involve them in national economic activities.

10. SCHOLARSHIPS AVAILABLE IN TECHNICAL EDUCATION

The financial assistance is made available to the student from backward class community and economical backward classes. Merit scholarships are also made available to the meritorious students both for diploma and degree courses. The dirctorate in implementing the Central and State Government Scholarship Schemes for Minority Communities students pursuing Professional and Technical education.

11. AUTONOMY AND FLEXIBILITY

Government of Maharashtra recognized academic autonomy as step towards improving effectiveness of educational institutions and specially institutions which cater to the needs of well trained and qualified manpower suited to the needs of user industries and community. It aims at giving opportunity to the teachers and students to undergo need based courses and can improve standard of teaching learning under multipoint entry and flexibility in the education programmes. Similarly in some of the courses both at diploma and degree level sandwich pattern curriculum is implemented.

12. DISTANCE LEARNING/PART TIME EDUCATION

Maharashtra Government provide, opportunity of technical education for the persons employed in technical organisations and institutions to upgrade their qualification and technological skills through distance learning education. One separate government polytechnic is catering distance-learning education in the state.

13. APPRENTICESHIP TRAINING

As per apprenticeship act 1961 of Maharashtra State duly amended in subsequent years is being implemented to enrich the practical / on the job training for students passing out diploma and degree courses.

14. IMPLEMENTATION OF INFORMATION TECHNOLOGY IN STATE

Department of Higher and Technical Education has started the certificate and advance certificate course in information technology at all levels of higher, technical and vocational education through the 8 private training providers and few government engineering colleges and polytechnics with deemed status.

CMT REPORT (Corruption, Money Laundering & Terrorism]

The Public Notice information has been collected from various sources including but not limited to: The Courts, India Prisons Service, Interpol, etc.

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.54.29
UK Pound	1	Rs.81.94
Euro	1	Rs.70.02

INFORMATION DETAILS

Information Gathered by :	SVA

Report Prepared by :	NTH

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	-

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.

MIRA INFORM REPORT

Unit