MIRA INFORM REPORT

Report Date :

07.04.2014

IDENTIFICATION DETAILS

Name :	UTTAR PRADESH JAL NIGAM

Registered Office :	6, Rana Pratap Marg, Lucknow – 226001, Uttart Pradesh

Country :	India

Year of Establishment :	1975

Capital Investment / Paid-up Capital :	Not Divulged

Legal Form :	Government owned enterprises

Line of Business :	Preparation of projects of water supply which were to be executed the rough contractors of large engineering companies.

No. of Employees :	Not Divulged

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 a State Government Corporation established by the Government of Uttar Pradesh. It is an established company having satisfactory track record. Management of the company has denied to part any information about the subject to us. As per indirect source we found that the public sector undertaking came into existence with effect from June 18, 1975, in order to attain its basic objective of development and regulation of water supply and sewerage services and for matters connected therewith. Trade relations are fair. Business is active. Payment terms are reported as slow but correct. In view of managerial and financial support for government of Uttar Pradesh, the subject 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 – December 1, 2013

Country Name

Previous Rating

(30.09.2013)

Current Rating

(01.12.2013)

India

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

INDIAN ECONOMIC OVERVIEW

India’s current account deficit for the fiscal third quarter ended September 2013 narrowed to $4.2 billion or 0.9 % of the gross domestic product from $31.9 billion or 6.5 % of GDP a year earlier, thanks to a pick-up in exports and moderation in gold imports. Manufacturing activity and new orders in India showed their strongest growth in a year in February. The news comes as a relief after data showed Asia’s third largest economy grew by a slower-than-expected 4.7 % annually in the three months through December. The HSBC Manufacturing Purchasing Managers’ Index which gauges the business activity of India’s factories but not its’ utilities, rose to 52.5 in February, its highest in a year from 51.4 in January. Overall new orders for factory goods which rose to a one-year high of 54.9 contributed to the surge. China has emerged as India’s biggest trading partner in the current financial year replacing the United Arab Emirates and pushing it to the third spot. India-China trade has reached $49.5 billion with a 8.7 % share in India’s total trade. The US comes second at $46 billion with 8.1 % share during the first nine months of the current financial year.

The Reserve Bank of India has granted an additional nine months to the public to exchange currency notes printed before 2005 including Rs 500 and Rs 1,000 denominations, pushing the deadline to January 1, 2015. A day before dates for the Lok Sabha polls were announced, the government decided to hike interest rates on fixed deposit schemes offered by post offices up to 0.2 per cent. The new rates will be effective April, 1. The Supreme Court will resume hearing on March, 11 Nokia’s appeal against a ruling over transferring ownership of its local mobile phones plant which is the subject of a tax dispute to Microsoft Corp.

In the last days of the current Government, another scam has surfaced. The defence ministry has ordered a probe into Hindustan Aeronautics Limited’s contracts from Britain’s Rolls-Royce Holdings worth at least $ 1.2 billion. The Central Bureau of Investigation will look into allegations that over $80 million was paid in kickbacks in a deal signed in 2011. India has asked Boeing Co. to find a solution for problems with state-owned Air India’s 787 Dreamliners. The aircraft has experienced a series of malfunctions since its debut in 2011.

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 DENIED

Management Non Co-Operative (91-522-2620172)

LOCATIONS

Registered Office/ Head Office :	6, Rana Pratap Marg, Lucknow – 226001, Uttart Pradesh, India
Tel. No.:	91-522-2620172/ 2620272
Fax No.:	91-522-2620173
Website :	http://www.upjn.org

MANAGEMENT

Name :	Mr. Mohd. Azam Khan
Designation :	Chairman

Name :	Mr. P K Asudani
Designation :	Managing Director

KEY EXECUTIVES

Name :	Mr. Ramesh Chandra Tripathi
Designation :	Chief Engineer (Rural)
Mobile :	91-9473943005

Name :	P K Sinha
Designation :	Chief Engineer (Urban)
Mobile :	91-9473943008

Name :	Mr. Ramesh Singh
Designation :	Chief Engineer (Ganga)
Mobile :	91-9473943006

Name :	Mr. Rajendar Kumar
Designation :	Chief Engineer (Lucknow Zone)
Mobile :	91-9473942549

Name :	Mr. V P Singh
Designation :	Chief Engineer (Allahabad Zone)
Mobile :	91-9473942655

Name :	Mr. Prem Kumar Asudani
Designation :	Chief Engineer (Ghaziabad Zone)
Mobile :	91-7599201502

Name :	Chitra Kumar Tyagi
Designation :	Chief Engineer (GorakhpurZone)
Mobile :	91-9473942693

Name :	R S Srivastava
Designation :	Chief Engineer (JhansiZone)
Mobile :	91-9473942721

Name :	U K Tayal
Designation :	Chief Engineer (Moradabad Zone)
Mobile :	91-9532501819

Name :	R K Garg
Designation :	Chief Engineer (Faizabad Zone)
Mobile :	91-9532501817

Name :	D Prasad
Designation :	Chief Engineer (E/M Zone)
Mobile :	91-9473943005

Name :	R C Verma
Designation :	Chief Enginee (Kanpur Zone)
Mobile :	91-9473942763

Name :	R K Dwivedi
Designation :	Chief Enginee (Varanasi Zone)
Mobile :	91-9473942517

Name :	S K Gupta
Designation :	Chief Engineer (Agra Zone)
Mobile :	91-9473942625

Name :	R S Pracheta
Designation :	Director (C and DS)
Mobile :	R S Pracheta

BUSINESS DETAILS

Line of Business :

Preparation of projects of water supply which were to be executed the rough contractors of large engineering companies.

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 :	Not Divulged

FINANCIAL DATA

[all figures are in Rupees Millions]

NOT DIVULGED

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	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

AS PER WEBSITE DETAILS

HISTORY

In the year 1894-95, a small Sanitary Engineering Branch with its headquarters of Allahabad was established under the administrative control of U.P. public works Department. A few technical assistants were deployed in the branch and this unit was entrusted with the job of preparation of projects of water supply which were to be executed the rough contractors or large engineering companies. The first sanitary division was established with skeleton staff in the year 1913-14 at Saharanpur. Promulgating of UP Municipalities act in the year 1916 bestowed some powers in local bodies. Creation of local bodies in towns ushered in pressure building to provide better amenities especially drinking water. Royal sanitary commission constituted by the Government visited the entire state to take stock of drinking water and sanitation facilities and submitted its report towards end of the year 1920. Consequently in the year 1927, the then existing Sanitary Engineering branch was enlarged and given status of a full fledged department This new department was named as PUBLIC HEALTH ENGINEERING DEPARTMENT and was headed by an offices of the rank of superintending Engineer. Following functions were entrusted to the new department:

Preparation and execution of water supply, drainage, sewage disposal and other health works for local bodies on which fees were to be charged.

Preparation and execution of health schemes for other government department without charging any fees.

Inspection and general supervision of all water works and sewage pumping stations including hydro electric undertakings Mussorie and Nainital without charging any fees.

Scrutiny of budgets of such local bodies having water works without charging any fees.

General supervision and advice to local bodies in respect of recruitment and works of their technical staff, without charging any fees.

Scrutiny and advice on all improvement trust schemes in respect of water supply, drainage and road works, without charging any fees.

Tours planning and preparation of light designs for model villages, sanitary wells, latrines, infections disease hospitals, incinerators and slaughter houses, markets, rat-proof godowns etc. without charging any fees.

Scrutiny of all minor and major projects for which state board gives a grant (Free)

General technical advice on matters relating to public health engineering to the Government, local-bodies and all other Govt. Departments (Free)

Supply of Forecast of cost to local Bodies(free)

Checking of water works returns and preparing drawings for mechanical appliances (Free)

Arranging purchase of spare parts and Chemicals for water works through Store Purchase Officer (Free)

Placing indents for purchase of controlled building materials for departmental works, such as Cement, Coal, Iron and Steel (Free)

STATUS OF URBAN WATER SUPPLY IN 627 TOWNS OF U.P. AS ON 01/04/2005

The State of UP has a total population of 16.61crores as per Census figures of year 2001. Urban population of 3.46 crore is located in 627 towns of varying population sizes. Rural population of 13.15 crore is scattered in 97069 habited villages of the State. These villages comprise of about 260110 habitations.

It has been observed that the choice of settlement of human agglomerations has prominently been dominated by easy availability of water for drinking and agricultural purposes. It is also a fact that such agglomerations when developed along perennial source of water have grown rapidly in shape and size. The larger agglomerations were subsequently termed as urban agglomerations.

In the State of Uttar Pradesh development works in and around such agglomerations were being looked after by Provincial Public Works Department. Keeping in view the specialized knowledge and skill that is required to provide safe and potable drinking water, a Sanitary Engineering Branch was established in 1894-95 under the administrative control of Provincial Public Works Department. The head of the branch was designated as Sanitary Engineer to the Government. This branch was entrusted with the job of preparation of water supply schemes and supervision of works their on. The job of annual inspection of mechanical plants and machinery installed at various water works was entrusted to the manufacturing firms / engineers, who charged a sizable amount of fee from Local Authority concerned.

The following situations and events played important role in development of piped water supply facilities in the State under British Rule

The system of annual inspection by private agencies was soon found to be unsatisfactory since the interested firms/manufacturers were not found to give a wholly correct and impartial picture of the condition of water works plants.

In the Year 1916, the U.P. Municipalities Act was enacted. In this Act public duties of the Municipal Boards were defined and detailed procedure was laid down giving effect to various matters of public interest. Sources of raising Board's revenues were also prescribed

On the termination of the First World War, another installment of reforms was conferred in 1920, which created a diarchal form of Government placing wider powers in Indian hands, by associating them increasingly with civil administration and putting the "transferred subjects" under the direct control of responsible Ministers. In the year 1920, Secretary of State for India sent out a number of specialist officers on the basis of covenanted service, to introduce health schemes on more up to date lines based on western model, as was recommended by the Royal Sanitary Commission. Accordingly a batch of seven Specialist Officers (six Sanitary Engineers and one Mechanical Engineer) arrived in Allahabad on the eve of the Christmas of 1920; they were attached to Sanitary Engineering Branch. These Specialist Officers gave out many recommendations on various issues, which reconfirmed the special nature of job of Sanitary Engineering Branch besides its need for further strengthening and expansion.

In 1943 Bhore Health Survey and Development Committee was formed to carry out detailed investigations as to the cause of existing unhealthy conditions and prevalence of various diseases. The Committee Report was published in 1946 and as one of the measures to reduce incidence of diseases, the Committee recommended installation of protected water supply and proper drainage system.

River Pollution Control Projects : Introduction

U P Jal Nigam is the Principal Implementing Agency for River Pollution Control Projects in the state of UP. Its task is to prevent direct flow of waste water into important river bodies of the state, so as to maintain water quality of these rivers to a satisfactory level. This is being done by diverting waste water/ domestic sewage flow to appropriate Treatment sites before being allowed to drain out in river bodies. So for 15 major towns located on the Banks of River Ganga, Yamuna and Gomti have been provide with waste water treatment facilities for cleaning about 42 % of its domestic sewage flow.

Introduction

With social and technical advancement world wide, the level of pollution is also increasing in land, air and water. Land is subjected to pollution by dumping of different kind of toxic and non toxic wastes, excessive use of chemical fertilizers and pesticides etc. The air is subjected to pollution by harmful gases emerging out of industries, transport vehicles, fuel wood etc. The water, specially river water subjected to pollution due to direct discharge of domestic sewage, industrial waste, agriculture run off, washing of cloths, open defecation along river bank, cattle wallowing and throwing of carcasses or half burnt dead bodies etc. into the river. The river water pollution are from point sources and non point sources. The point sources are discharge of domestic sewage through open drains and/or from sewerage system, industrial waste etc. The non point sources of pollution are agriculture run off, washing of cloths, cattle wallowing and throwing of carcasses or half burnt dead bodies etc

The rivers in India have religious importance, also the river water is a major source of drinking water for different towns and villages in the country. Due to increase in pollution level of the river water, the drinking water schemes are subjected to different level of pollution, thus causing different diseases, to its consumers, also the cost of treatment for purification of polluted river water increases tremendously. In the year 1985, the Government of India, initiated the program for the abatement of river pollution. To start the river pollution control program, the sacred river Ganga, was taken up in the beginning. The program named Ganga Action Plan (GAP) was launched by the Government of India in the year 1985 for conservation of the water quality of holy river Ganga. The objective of the Plan was to initiate action to prevent pollution of the river Ganga resulting due to direct discharge of domestic sewage and industrial waste, as also because of non point pollution due to cattle wallowing, washing of cloths and throwing of Carcasses or half burnt dead bodies etc. into the river.

The basis of the Ganga Action Plan was provided by survey report and recommendations made by Central Pollution Control Board. For effective implementation of the GAP, the Govt. of India constituted the Central Ganga Authority in February, 1985. The authority is chaired by the Hon'ble Prime Minister of India with Chief Ministers of Uttar Pradesh, Bihar and West Bengal as members along with some selected Union Ministers and Chief Secretaries as members. An inter departmental Steering Committee also was set up to formulate the strategy and the components of the Ganga Action Plan in detail and to administer and monitor the implementation of approved projects. In June, 1985, the Ganga Project Directorate was established under the ministry of Environment and Forests, Govt. of India. The purpose of this Directorate, which is headed by Project Director of the level of Additional Secretary to the Govt. of India, is to appraise and clear the projects prepared by State agencies, release of funds, coordination of various activities and to monitor the implementation of the Plan. This Directorate is now known as National River Conservation Directorate (NRCD).

GANGA ACTION PLAN ( PHASE-I)

The towns situated on the bank of river Ganga having population more than one lac, were taken up in the first phase of Ganga Action Plan. Accordingly in the State of Uttar Pradesh GAP (Phase-I) projects were taken up in six towns, namely Haridwar-Rishikesh, Farrukhabad-Fatehgarh, Kanpur, Allahabad, Mirzapur and Varanasi. The Haridwar-Rishikesh towns have now gone to newly created state of Uttranchal.

A total of 106 schemes, costing Rs. 1848.400 Millions, were executed in above six towns, out of which, 56 schemes (including Haridwar-Rishikesh) costing Rs.1608.400 Millions were Core sector schemes. The schemes were financed by Govt. of India through 100 percent grant-in-aid. The works at Mirzapur and Kanpur were executed against financial assistance from the Royal Netherlands Govt.

In the year 1985 about 645.30 mld. Sewage was flowing into the river Ganga in the Five towns covered in the GAP (Phase-I). Out of above, 397.70 mld. sewage ( which is almost 63% of the sewage generated) has been diverted through 27 pumping stations constructed in above five towns. For the treatment of sewage, 9 sewage treatment plants have been constructed with an installed capacity of 349.50 mld. In addition to above, under Noncore sector schemes total 11 crematoria, 12 sanitary latrines and 8 river front development works have also been constructed. The town wise details are tabulated below:

The operation and maintenance of assets created under Phase-I of the project is being done by the State Govt. through U.P. Jal Nigam and Local bodies. The expenditure on O and M was borne by the Govt. of India fully till 1990 and there after till March-1996 by GoI and GoUP on 50:50 basis. After March 1996, the O and M expenditure is being fully borne by GoUP. However, as per the directions of Hon'ble Supreme Court, operation and maintenance cost of the Combined Effluent Treatment Plant (C.E.T.P.) constructed for the treatment of domestic sewage and waste water from leather industries in Kanpur, is to be borne 50 percent by Nagar Nigam Kanpur and 50 percent by the leather industries. The income from sale of treated effluent for irrigation and digested sludge as manure, and generation of electricity from STPs partly offsets the O and M expenditure of these assets.

GANGA ACTION PLAN ( PHASE-II)

The phase-II of the Ganga Action Plan was started in the year 1993. Under this phase, main tributaries of river Ganga, namely Yamuna and Gomti and other major rivers in other states were taken up, Due to change of scope of river pollution control works, the Govt. of India renamed program as Nation River Conservation Program instead of Ganga Action Plan, which is now spread in 165 towns of 17 different states. The directorate for river pollution control works under ministry of Environment and Forest, Govt. of India is also renamed as National River Conservation Directorate.

In the state of Uttar Pradesh, 23 towns, including 5 towns of phase-I, on the bank of river Ganga and its major tributaries Yamuna and Gomti were taken up under Phase-II. Out of these, 8 towns are situated on the bank of river Yamuna, 3 towns on the bank of river Gomti and 12 towns are on the bank of river Ganga. The 8 towns on the bank of river Yamuna are under Yamuna Action Plan component, 3 towns on the bank of river Gomti are under Gomti Action Plan component, 8 towns are under Ganga(Main Stem), 3 towns are under Ganga (Supreme Court) and one town is under Ganga Support Project component. The projects in the above components are in different stages of implementation in various towns. The total approved Cost of the GAP (Phase-II) is Rs. 9484.100 Millions which includes Rs. 1241.300 Millions for Yamuna Action Plan Phase-II and Rs. 2632.600 Millions for Lucknow Phase-II.

The schemes under Phase-II were funded on 50:50 share basis by Govt of India and State Govt. till March 1997. After April 1997, the cost of capital works is being borne by Govt. of India except for the cost of land required for the schemes and centage charged by the implementing agency over and above 8 percent, which is to be borne by the State Govt. However, the financing pattern for schemes sanctioned under Tenth Five Year Plan has been again changed to 70:30 between GOI and GoUP.

YAMUNA ACTION PLAN

The Yamuna Action Plan (YAP) has been implemented in 8 towns namely, Saharanpur, Muzaffarnagar, Ghaziabad, Noida, Vrindavan, Mathura, Agra and Etawah. The approved cost of Yamuna Action plan in these towns in Rs. 2905.400 Millions for which financial assistance was received from Japan Bank of International Cooperation (JBIC).

At the time of start of Yamuna Action Plan in the year 1993, about 280 mld sewage was finding its way into the river Yamuna in above 8 towns. The Yamuna Action Plan envisaged interception, diversion and treatment of 399.75 mld sewage through 15 STPs. All 144 schemes including 15 sewage treatment plants have been completed and commissioned and are functional. An expenditure of Rs. 2852.950 Crore has been incurred upto Decemberr 2005.

CCEA of GOI has sanctioned Rs.1241.300 Millions for Yamuna Action Plan Phase-II to be implemented at Agra. Against this, a DPR costing Rs. 954.200 Millions has been submitted to GOI for approval. GOI has given administrative approval for land acquisition against above DPR and also released Rs. 61.500 Millions.

Background

Experience of providing safe and potable water in rural andurban areas suggest that sustainability of such community services largely depend on participation of people at large * and developing adequate technical skill at grass-root level for proper upkeep of these assets. Leteracy percentage in rural areas being low, it was considered appropriate to large focus attention to rural areas in the first phase. Consequently sensitive villages from each village panchayat have been programmed to give them exposure on these counts. So far 61740 villagers have been given sort term training on four such identified areas namely Community Service Motivators, Health andHygiene Motivators, Masonry works and Hand Pumps Mechanics Work.

One of the functions entrusted to U.P. Jal Nigam in the year 1975 was to assess the requirements for manpower and training in relation to water supply and sewerage services in the state.Accordingly a separate "Training Cell" was made operative to perform this function in U.P.Jal Nigam.

Recognising the work performance of the Training Cell in U.P.Jal Nigam, Government of India accorded approval for establishing State Human Resources Development (HRD) Cell under U P Jal Nigam for conducting training courses and other related Human Resource Development activities in the year 1995. Accordingly merging the existing Training Cell the State H.R.D. Cell was established in U. P. Jal Nigam in the year 1996. Subsequently U. P. Government laid down the following basic functions and responsibilities of this State Human Resources Development Cell.

The Community Participation Unit

Community participation was an integral part of construction activities under Netherlands Assisted Projects. The responsibility of community participation activities, under Netherlands Assisted Projects was entrusted to M/S PSU Foundation by Royal Netherlands Embassy. But the agreement with PSU Foundation was terminated in Sept. 1997 and responsibility of community participation activities was assigned another agency M/S JPS Associates. But agreement of this agency was also terminated and due to this the progress of works under Netherlands Assisted Projects was suffering.

In view of this UP Jal Nigam, on request of Royal Netherlands Embassy, in October 1998, submitted a proposal to carry out the Community Participation activities. The proposal was accepted by Royal Netherlands Embassy.

Subsequently UP Jal Nigam in Feb 1999, created Community Participation Unit, vide Managing Director, U. P. Jal Nigam’s office order no. 421/pra-1/Mukhyalaya Stha (purva) /98 dated 22.02.99 for carrying community participation activities in Water Supply and Environmental Sanitation projects. This unit started work in June 1999. The unit was put under the administrative control of Chief Engineer (Dutch), U. P. Jal Nigam, Lucknow. Later on in view of growing importance of community participation in development projects, this unit was named as Community Participation Cell. U.P.

After completion of Netherlands funded Rural Water Supply and Environmental Sanitation Programme in Uttar Pradesh, the unit was entrusted to carryout UNICEF assisted programmes in the state of Uttar Pradesh. Presently in addition to UNICEF assisted programmes Community Participation Unit is also implementing works related to “Water Quality Survey” and “National Rural Drinking Water Quality Monitoring and Surveillance Prograrmme” in the state of Uttar Pradesh.

Dutch Assisted SUB PROJECT VI (II) and VIII on Rural Water Supply

Experience gained over a period of nearly two decades of the Netherlands funded Rural Water Supply and Sanitation Programme in Uttar Pradesh has led to the inclusion of the community participation component (CPC) in the Rural Water Supply and Sanitation Project as it is very important for its sustainability. The importance of this has also been highlighted in RGNDWM, Government of India’s Guidelines 1999, wherein States are being encouraged to institutionalize community-based rural water supply and sanitation programmes, which secure active participation of beneficiaries and the Village Panchayats to plan, execute, own, operate and maintain rural water supply and sanitation facilities.

As mentioned above, Community Participation activities were taken up in water supply projects for the first time in 1986 Under Dutch assisted projects. While implementation of hardware was taken up by U. P. Jal Nigam, the community related works such as Site Selection for installation of New Hand Pumps (IM II), Review of Corrective Intervention in existing Hand Pumps, Formation and Trainings of Ward Committees and Collection of Beneficiaries Contribution towards capital cost etc. were taken care of by Project Support Unit (PSU), which was established by Dutch embassy for assisting U. P. Jal Nigam. However, when the contract of PSU was terminated in 1997, U. P. Jal Nigam established Community Participation Unit to facilitate community participation activities in districts Siddarth Nagar under Dutch Sub Project-VI(B) and in district Aligarh, Badaun, Ballia, Kanpur Dehat Moradabad and Unnao. The details of activities taken up is as below:-

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 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.60.32
UK Pound	1	Rs.100.04
Euro	1	Rs.82.65

INFORMATION DETAILS

Information Gathered by :	NAY

Analysis Done by :	SUV

Report Prepared by :	VRN

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	--

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