MIRA INFORM REPORT

Report Date :

08.04.2014

IDENTIFICATION DETAILS

Name :	PHED - GOVERNMENT OF BIHAR
Registered Office :	Governor House, B G Camp, Patna – 800022, Bihar
Country :	India
Year of Establishment:	Not Divulged
Capital Investment / Paid-up Capital :	Not Divulged
Legal Form :	Government Owned Enterprises
Line of Business :	Providing drinking water to rural areas and development of sanitation facilities.
No. of Employees :	Not Divulged

RATING & COMMENTS

MIRA’s Rating :

Ba

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 Government of Bihar owned enterprises having satisfactory track record. It's function is to ensure access to safe water, supplying of drinking water to rural area, constant monitoring of quality, ensuring participation of communities in schemes, reforming water supply and sanitation sector. Due to its nature of operation financials are not available. Payment terms are usually correct. Since the subject is a government owned enterprises it can be considered good for normal 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	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

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 DECLINED

MANAGEMENT NON – COOPERATIVE (91-612-2545087)

LOCATIONS

Registered Office :	Governor House, B G Camp, Patna – 800022, Bihar, India
Tel. No.:	91-612-2545087
Fax No.:	Not Available
E-Mail :	Sec-phed-bih@nic.in
Website :	www.phed.bih.nic.in

MANAGEMENT

Name :	Mr. Dnyandeo yashwantrao Patil
Designation :	Governor of Bihar
Date of Birth/Age	22.10.1935
Qualification:	MA/LLB/PHD

KEY EXECUTIVES

Name :	Mr. Anshuli Arya
Designation :	IAS, Principal Secretary
Email:	secy-phed-bih@nic.in
Name :	Mr. Jai Shankar Choudhary
Designation :	Engineer-in-Chief-cum-Special Secretary.
Mobile No.:	91-9835879932
Name :	Mr. Birendra Kumar
Designation :	Chief Engineer (Urban)
Mobile No.:	91-9934409242
Name :	Mr. Arvind Kumar
Designation :	Chief Engineer (Design)
Mobile No.:	91-8986195048
Name :	Mr. Raghawji Ram
Designation :	Chief Engineer (Mechanical)
Mobile No.:	91-9431361433
Name :	Mr. Avinesh Kumar Verma
Designation :	Joint Secretary (M.C.)
Mobile No.:	91-9431260577
Name :	Mr. Shiv Nandan Chaudhary
Designation :	Under Secretary
Mobile No.:	91-9934091690
Name :	Mr. Nitish Kumar
Designation :	Hon'ble Minister
Name :	Mr. Vijay Prakash
Designation :	Chief Engineer(Bhagalpur)
Name :	Mr. Vinod kumar Singh
Designation :	Chief Engineer(Patna)
Name :	Mr. Raghawji Ram
Designation :	Chief Engineer(Mechanical)
Name :	Mr. A.K.Jaisawal
Designation :	Chief Engineer(Muzaffarpur)
Name :	Vacant
Designation :	Additional Secretary
Name :	Mr. Hakim Prasad
Designation :	Deputy Secretary
Name :	Mr. D. P. Singh
Designation :	Suprintending Engineer(Monitoring)
Mobile No.:	91- 9431632566
Email:	dineshwar1958@gmail.com
Name :	Mr. Satish Chandra Mishra
Designation :	Special Officer
Mobile No.:	91-9835672103
Name :	Mr. Madan Mohan Kumar
Designation :	Suprintending Engineer(Bhagalpur)
Mobile No.:	91-9431011760
Name :	Mr. Arvind Kumar
Designation :	Suprintending Engineer(Begusarai)
Mobile No.:	91-8986195098
Email:	arvind.kr@nic.in
Name :	Mr. Vinod Kumar Singh
Designation :	Suprintending Engineer(Ara)
Mobile No.:	91-9431803875
Email:	se.phedara@gmail.com
Name :	Mr. Amee Ranjan
Designation :	Suprintending Engineer(Sasaram)
Mobile No.:	91-9431403009
Email:	ameese@gmail.com
Name :	Mr. Dinesh Kumar
Designation :	Suprintending Engineer(Gaya)
Mobile No.:	91- 9334128107
Email:	se.gaya@yahoo.in
Name :	Mr. Vijay Prakash
Designation :	Suprintending Engineer(Muzaffarpur)
Name :	Mr. Vimal Kumar Singh
Designation :	Suprintending Engineer(Motihari)
Mobile No.:	91- 8986903293
Email:	sephemotihari@gmail.com
Name :	Mr. Kamal Kishore Sharma
Designation :	Suprintending Engineer(Darbhanga)
Mobile No.:	91- 9473375358
Name :	Mr. Virendra Kumar
Designation :	Suprintending Engineer(Chapara)
Name :	Mr. Arvind Prakash Ranjan
Designation :	Suprintending Engineer(Purnia)
Name :	Mr. Janeshwar Kumar
Designation :	Suprintending Engineer(Saharsa)
Name :	Mr. Parmanand Sharma
Designation :	Suprintending Engineer(Munger)
Mobile No.:	91-9431074898
Email:	sephed_munger@yahoo.in
Name :	Mr. Sudhir Kumar Sinha
Designation :	Suprintending Engineer
Mobile No.:	91- 9431456746
Name :	Mr. Anil Kumar
Designation :	Suprintending Engineer
Mobile No.:	91- 9431468360
Name :	Mr. Kumar Manojnath
Designation :	Suprintending Engineer
Mobile No.:	91- 9431453501
Name :	Mr. Sabir Hussain
Designation :	T.A. to Special Officer
Name :	Mr. Sadullha Javed
Designation :	Director P.M.U.
Name :	Mr. S.N.Mishra
Designation :	Executive Engineer(M)
Name :	Mr. Rai Sanjeev Sahay
Designation :	Dupty Director(Evaluation)
Name :	Mr. Gazanafar Ahamad
Designation :	Dupty Director
Mobile No.:	91-9334529136
Name :	Mr. Rajeev Ranjan Lal
Designation :	Executive Engineer(M)
Mobile No.:	91-9431040216
Name :	Mr. Daya Shankar Prasad
Designation :	Executive Engineer(M)
Mobile No.:	9234710209
Name :	Mr. Anil Kumar Akhilesh
Designation :	Executive Engineer
Name :	Mr. Ramashray Prasad
Designation :	Executive Engineer
Name :	Mr. Abhay Kumar Singh
Designation :	Assistant Engineer
Name :	Mr. Dhirendra Kumar Sinha
Designation :	Assistant Engineer
Name :	Mr. Ravindra Prasad
Designation :	Principal Private Secretary
Name :	Mr. Satan Sharma
Designation :	Section Officer-1
Name :	Mr. Prabha Shankar
Designation :	Section Officer-2
Name :	Mr. Birendra Kumar Sinha
Designation :	Section Officer-3
Name :	Mr. Ajit Kumar
Designation :	Section Officer-4
Name :	Mr. Tarkeshwar Ravidas
Designation :	Section Officer-5
Name :	Mr. Mithila Bihari Sharan
Designation :	Section Officer-6
Name :	Mr. Sudhir Kumar Singh
Designation :	Section Officer-7
Name :	Mr. Tarkeshwar Ravidas
Designation :	Section Officer-8

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	Yes
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

WEBSITE DETAILS

FUNCTIONS

· Ensuring access to safe water.

· Supply of drinking water to rural areas and development of sanitation facilities.

· Constant monitoring of quality of drinking water supply.

· Ensuring participation of communities in schemes involving drinking water supply and sanitation.

· Reforming water supply and sanitation sector.

OBJECTIVES

The main objectives of the Nirmal Bharat Abhiyan (NBA) are as under:

· Bring about an improvement in the general quality of life in the rural areas.

· Accelerate sanitation coverage in rural areas to access to toilets to all by 2017.

· Motivate communities and Panchayati Raj Institutions promoting sustainable sanitation facilities through awareness creation and health education.

· In rural areas, cover schools and Anganwadis by March 2013, with sanitation facilities and promote hygiene education and sanitary habits among students.

· Encourage cost effective and appropriate technologies for ecologically safe and sustainable sanitation.

· Develop community managed environmental sanitation systems focusing on solid and liquid waste management.

STRATEGY

The strategy is to make the Programme community led and people centered. A demand driven approach is to be adopted with increased emphasis on awareness creation and demand generation for sanitary facilities in houses, schools and for cleaner environment. Alternate delivery mechanisms would be adopted to meet the community needs. Subsidy for individual household latrine units has been replaced by incentive to the poorest of the poor households. Rural School Sanitation is a major component and an entry point for wider acceptance of sanitation by the rural people. Technology improvisations to meet the customer preferences and location specific intensive IEC Campaign involving Panchayati Raj Institutions, Co-operatives, Women Groups, Self Help Groups, NGOs, etc. are also important components of the strategy. The strategy addresses all sections of rural population to bring about the relevant behavioural changes for improved sanitation and hygiene practices and meet their sanitary hardware requirements in an affordable and accessible manner by offering a wide range of technological choices.

IMPLEMENTATION

Implementation of NBA is proposed on a project mode. A project proposal emanates from a district, is scrutinized by the State Government and transmitted to the Government of India (Department of Drinking Water And Sanitation, Ministry of Rural Development). NBA is implemented in phases with start-up activities. Funds are made available for preliminary IEC work. The physical implementation gets oriented towards satisfying the felt-needs, wherein individual households choose from a menu of options for their household latrines. The built-in flexibility in the menu of options gives the poor and the disadvantaged families opportunity for subsequent upgradation depending upon their requirements and financial position. In the “campaign approach”, while a synergistic interaction between the Government agencies and other stakeholders, intensive IEC and advocacy, with participation of NGOs/Panchayati Raj Institutions/resource organizations, take place to bring about the desired behavioural changes for relevant sanitation practices, provision of alternate delivery system, proper technical specifications, designs and quality of installations are also provided to effectively fulfill the generated demand for sanitary hardware. The NBA is being implemented with a district as unit. The States/UTs are expected to prepare NBA Projects for all the districts and submit before the Government of India for sanction. The NBA Project cycle in the Project Districts is expected to take about 4 years or less for implementation.

SWAJALDHARA YOJANA:

Emphasizing the need for taking up community based rural water supply programmes and to open up the reform initiatives in the rural drinking water supply sector, Government of India has introduced a programme called Swajaldhara, which was launched by the Prime Minister of India on 25th December 2002.

Water supply is ensured to the rural population by Piped Water Supply Schemes (PWSS) and Spot Source Water Supply Schemes (SSWSS). A PWSS is adopted to cover a larger population and also when there is the need of proper treatment of raw water. A SSWSS is adopted to cater smaller population and also where the raw water requires no or minimum treatment.

This programme is dependent on community participation based on empowerment of villagers to ensure their full participation in the project through a decision making role in the choice of the drinking water scheme, planning, design, implementation, control of finances and management arrangements.

The ownership of drinking water assets vests with community/panchayat itself.

The minimum share of community contribution for 40 litres per capita per day (LPCD) will be 10% of the estimated capital cost of the project and funding by the Govt. of India would be restricted to 90% of the capital cost.

The community contribution towards the capital cost of the schemes could be in the form of cash/kind/labour/land or combination of these. However, at least 50% of the community contribution will have to be in Cash. In case community contribution is more than 10% of the scheme cost, the excess amount shall be taken into operation and maintenance fund.

The community contribution need to be just 5% of the estimated capital cost of the project if more than 50% of the population within that community comprises of Scheduled Cost/Scheduled Tribe.

Work on Ground Water Quality by PHED:

The drinking water supply in the state is primarily dependent upon the ground water.

The state government had conducted testing of 10% of government sources (45,000 sources) in the year 2002-2003 for 15 parameters except Arsenic.

Result revealed the existence of chemical contamination like Fluoride and Iron in the different part of the state.

Arsenic contamination in ground water was noticed in Simariya Ojhapatti village of Bhojpur district in October 2002.

After noticing of Arsenic presence in ground water in Simariya Ojhapatti, the department conducted testing of ground water in 10 km stretch bordering river Ganga and over 80000 water sources spreading over 65 blocks of 11 districts were tested for Arsenic.

The test results were positive and the ground water in 892 habitations were found to be contaminated with Arsenic > 50ppb (as per BIS standard 50ppb was permissible limit).

Similarly to find out the spread up of Fluoride in the six districts, 44355 existing government water sources of six districts were tested during 2005-2006.

After finding of chemical contamination in ground water, department had planned for comprehensive water testing of 2,70,318 water sources spread up in all districts of Bihar in year 2007-08.

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.59.95
UK Pound	1	Rs.99.36
Euro	1	Rs.82.15

INFORMATION DETAILS

Information Gathered by :	HTL
Analysis Done by :	DIV
Report Prepared by :	KVT

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