|
Report Date : |
02.09.2013 |
IDENTIFICATION DETAILS
|
Name : |
MATA AMRITANANDAMAYI MATH |
|
|
|
|
Registered
Office : |
Amritapuri, P.O Kollam – 690525, Kerala |
|
|
|
|
Country : |
India |
|
|
|
|
Year of
Establishment: |
Not Available |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Not Available |
|
|
|
|
Legal Form : |
Organisation |
|
|
|
|
Line of Business
: |
Subject is engaged into “Cultural and Spiritual, Disaster Relief, Healthcare,
Education, Social Welfare, Naturalcare, etc |
|
|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
B (27) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an institution for the welfare of humanity. It is engaged
into “Cultural and Spiritual, Disaster Relief, Healthcare, Education, Social
Welfare, Naturalcare, etc. Management of the subject is non Co-operative. Payment terms unknown. The subject can be considered for business dealing with great caution. Note: Subject activities taken from external source (website) |
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) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
We are living in a
world where volatility and uncertainty have become the New Normal. We saw
a change of government in countries like Tunisia, Egypt, Libya and Vietnam.
Once powerful countries in Europe are now fighting for bankruptcy. We have
taken growth in the developing part of the world for granted but economic
growth in China and India has begun to slow. Companies that were synonymous
with their product categories just a few years ago are now no longer in
existence. Kodak, the inventor of the digital camera had to wind up its
operations, HMV, the British entertainment retailing company and Borders, once
the second largest bookstore have shut down due to their inability to evolve
their business models with the changing time. Readers’ Digest, Thomson Register
are no more !
There is another megatrend
happening. The World order is changing as economic power shifts from West to
East. According to McKinsey study, it took Britain more than 100 years to
double its economic output per person during its industrial revolution and the
US later took more than 50 years to do the same. More than a century later,
China and India have doubled their GDP per capital in 12 and 18 years
respectively. By 2020, emerging Asia will become the world’s largest consuming
block, overtaking North America.
The years after the
outbreak of the global financial crisis, the world economy continues to remain
fragile. The Indian economy demonstrated remarkable resilience in the initial
years of the contagion but finally lost ground last year. GDP growth slowed
down. Currency has been weakening. There is a marked deceleration in
agriculture, industry and services. Dampening sentiment led to a cut-back in
investment as well as private consumption expenditure. Inflation remained
at high levels fuelled by the pressure from the food and fuel sectors. The
large fiscal and current account deficit s continued to cause grave concern. It
is imperative that India regains its growth trajectory of 8-9 % sooner than
later. This is crucially important given the need to create gainful livelihood
opportunities for the millions living in poverty as also the large contingent
of young people joining the job market every year.
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 (91-9446409500)
LOCATIONS
|
Registered Office : |
Amritapuri, P.O Kollam – 690525, Kerala |
|
Tel. No.: |
91-476-2897578/2896399 |
|
Fax No.: |
91- 476-2897678 |
MANAGEMENT
NOT DIVULGED
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged into “Cultural and Spiritual, Disaster Relief,
Healthcare, Education, Social Welfare, Naturalcare, etc |
GENERAL INFORMATION
|
No. of Employees : |
Not Divulged |
|
|
|
|
Bankers : |
Not Divulged |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
Not Divulged |
CAPITAL STRUCTURE
|
Capital Investment : |
|
|
Owned : |
Not Divulged |
|
Borrowed : |
Not Divulged |
|
Total : |
-- |
FINANCIAL DATA
[all figures are
in Rupees Millions]
NOT DIVULGED
Note : Sole Proprietory and Partnership concerns are
exempted from filing their financials with the Government Authorities or
Registry.
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
No |
|
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 |
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 |
INTERNATIONAL FORUM
Amma has been recognized by the international community as a
treasure trove of practical spiritual wisdom, who has the capacity to guide the
world towards a better, brighter future.
VISION AND MISSION
Amma always stresses that the beneficiaries of her charitable
projects receive a compassionate smile and a kind word from those who serve
them.
AROUND AMMA
Everyday, every moment around Amma is a celebration, a memory to treasure, often a life lesson. Through these intimate moments, experience Amma’s uniqueness.
HUMANITARIAN
ACTIVITIES
CULTURAL AND
SPIRITUAL
Dedicated to restoring spiritual values and reviving the
true significance of traditional rituals and festivals.
HEALTHCARE
Charitable hospitals, AIDS carehomes, hospices, mobile care…
Amma provides state-of-the-art medical care for all. Free treatments or reduced
fee-charges are offered for the poor.
SOCIAL WELFARE
Food, clothing and shelter; scholarships and self-employment; pensions and orphanages. Service to poor is service to God.
DISASTER RELIEF
Hurricanes, tsunamis, earthquakes and floods… Amma’s helping
hands reach out to provide relief and rehabilation.
EDUCATION
In primary schools, colleges and universities, modern
science and spiritual values come together to create graduates capable of
contributing to and benefiting society.
NATURE CARE
When we see Mother Nature as the embodiment of God, we will
automatically serve and protect Her.
AMRITAPURI, THE
BIRTHPLACE OF AMMA
Built up on the very property where Amma was born, Amritapuri is now the headquarters of Amma’s worldwide mission and the spiritual home for Amma’s monastic disciples and hundreds of householder devotees. All the residents have dedicated their lives for realising God and serving the world. Everyday, Amma’s children from across India and abroad flock here to have Amma’s darshan. She sees each and every one, listens to their worries, consoles, encourages, provides new direction to their lives.
Amritapuri is the living example of the ancient Indian ideal “the whole world is one family” (vasudhaiva kutumbakam). Here you will find people from all parts of the world — speaking different languages and having different customs and religions — all living under one roof. In their quest for the meaning of life, each has forgotten their differences and become a child of Amma.
NEWS
SRI KRISHNA IS PROTECTOR OF DHARMA AND JAGAT GURU
(31 AUGUST 2013)
28 August, Amritapuri – Krishna Jayanthi Celebrations 2013
Like each year before it, the day of Krishna’s birth was celebrated in Amritapuri in a very festive atmosphere and music and bhajans were everywhere; it was a true celebration.
Early in the morning after crowds of people paraded through the ashram enthusiastically singing namavalis and Gopuja was performed.
Little gopis and gopas and krishnas were seen all around the ashram as many took the opportunity to dress up on the occasion and join a large procession led by the ashram elephant Lakshmi.
The procession began in the afternoon and first passed all around the ashram
before proceeding to the Kuzhithura Sri Krishna Temple
Amma came to the big hall and gave darshan to all those that had come for the festivities. Then once all the preparations were made and the procession had returned to the front of the ashram, Amma joined with everyone to participate in the Uriyadi games. Amma sat on the temple steps and sang bhajans as everyone crowded around to watch the young participants try their best to break the small clay pots suspended from high above.
Right from Uriyadi everyone followed Amma back to the big hall for the evening bhajans which were highlighted by several beautiful Krishna bhajans. But the main event was still to come. After dinner, Amma came back to the stage for the grand finale. Amma gave her Sri Krishna Jayanthi message which was played on the big video screens.
“Sri Krishna Jayanti reminds one of the soul’s
immortality.”
“The birthday of an ordinary person reminds us of the transience of human life, whereas that of a divine incarnation like Sri Krishna reminds us of the soul’s immortality” said Amma in her Krishna Jayanti message in Amritapuri.
“Lord Krishna’s life is a light illumining the way to the Supreme. God assumes a human form in order to teach how humankind may rise to the level of God. Like a mother who helps her toddling child walk, God accepts all the limitations of a human body for the sake of leading us. By assuming a human form, divine incarnations demonstrate how human beings ought to live” Amma said.
” Whereas the gopis, Arjuna, Udhava and Viduran became devotees of Krishna, Kamsa, Sishupala and Duryodhana rejected Him. Pointing to this, Amma said, “A mirror clearly reflects sunlight, whereas a piece of charcoal does not reflect sunlight at all. However, the sun does not discriminate between the mirror or charcoal piece, but shines equally on both.”
“Lord Krishna, who adorned himself with a peacock feather, continues to shine even today as the protector of Dharma and as the Guru of the world.
Through his life, Sri Krishna demonstrated the duties of a son, disciple, king,
servant, teacher, friend and householder. It is this fullness and expansiveness
that makes Krishna a purna-avatar, a complete manifestation of divinity in human
form. Jagat Gurus (world gurus) are those who teach truth and dharma through
their lives. Krishna expressed different bhavas to captivate different kinds of
people. His teachings helped to uplift people of all levels, and they illumine
the paths of knowledge, devotion, action and yoga. If we give up our ego and
surrender to the Lord, He will protect us in all circumstances,” emphasized
Amma.
Then as the clock approached midnight chanting from the
Srimad Bhagavatam filled the hall as a Bala Gopala Puja was being performed on
stage. Right at midnight, the hour of Krishna’s birth, Amma began singing
beautiful Krishna bhajans in a very celebratory and joyous mood, including:
Agatanayi Vishnu Devan, Nanda Gopan and Katitayitaram. Then Amma asked everyone
to stand up and forget all their worries and dance with arms raised as she
continued to sing: Bhajo Re Bhajo, Manamohana Gopala and Bandha Krishna.
After the bhajans, by 1am Amma served sweet payasam as prasad to one and all.
RISE
ARJUNA: AWAKE, ARISE AND SEIZE THE FUTURE
(12 AUGUST13)
15 June 2013, Tabanan, Bali
The Youth Forum is dedicated to the empowerment of youth in Tabanan, a regency of Bali had a program with Swami Purnamritananda. The theme of the event which Swami graced was “Rise Arjuna: Awake, Arise and Seize the Future”.
Surpi, who organized the event, said in her opening speech that the youth worried about their future and wanted guidance and inspiration. Surpi described Amma as “Active Spirituality”, spirituality that does valuable work. She told the youth how lucky they were to have Swamiji, Amma’s disciple, amidst them, to share his valuable thoughts of Amma’s teachings with them.
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.66.57 |
|
|
1 |
Rs.103.34 |
|
Euro |
1 |
Rs.88.16 |
INFORMATION DETAILS
|
Information
Gathered by : |
NAY |
|
|
|
|
Report Prepared
by : |
KVT |
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 |
NO |
|
--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.