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Report Date : |
09.04.2014 |
IDENTIFICATION DETAILS
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Name : |
GWALIOR MUNICIPAL CORPORATION |
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Registered
Office : |
Nagar Nigam Mukhyalay City Center, Gwalior – 474001, Madhya Pradesh |
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Country : |
India |
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Date of
Incorporations : |
06.06.1887 |
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Capital
Investment : |
Not Divulged |
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Legal Form : |
State Owned Entity |
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Line of Business
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Subject is engaged into civic infrastructure and administration work
for Gwalior |
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No. of Employees
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Not Divulged |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established Municipal Corporation having satisfactory
track record. Mr. Anuj Rastogi, Deputy Commissioner has denied to disclose any
information to us. As per indirect source, we found that subject is engaged into civic
infrastructure and administration work for Gwalior. Trade relations are fair. Business is active. Payment terms are
reported to be usually correct. 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
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Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
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India |
A1 |
A1 |
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Risk Category |
ECGC Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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.
The inflow of smuggled gold doubled
in 2013 following restrictions to curb the supply from official channels to
contain the current account deficit. China surpassed India in the demand for
gold for the first time in 2013 due to liberalization of gold trading norms by
its local governments.
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 BY
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Name : |
Mr. Anuj Rastogi |
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Designation : |
Deputy Commissioner |
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Contact No.: |
91-751-2438282 |
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Date : |
02.04.2014 |
LOCATIONS
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Registered Office : |
Nagar Nigam Mukhyalay City Center, Gwalior – 474001, Madhya Pradesh,
India |
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Tel. No.: |
91-751-2438282 |
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Fax No.: |
Not available |
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Website : |
MANAGEMENT
NOTE: NAME NOT DIVULGED
KEY EXECUTIVES
|
Name : |
Mr. Anuj Rastogi |
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Designation : |
Deputy Commissioner |
DEPARTMENT WISE
|
S.No. |
Department |
Contact Person
& Designation |
Location |
Contact No.
(Office) |
Mobile |
|
1 |
Revenue |
Dr. Anuj Kumar
Rohtgi (Deputy Commissioner) |
City Center,
Gwalior. |
0751-2438282 |
9406915506 |
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2 |
Property Tax & Namantran Zone 1 To 3 & Zone 15 To 21 |
Mr.
R.K.Shrivastava (Deputy
Commissioner) |
City Center,
Gwalior. |
0751-2438386 |
9406915503 |
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3 |
Property Tax & Namantran Zone 4 To 14 |
Devendra Singh
Chauhan (Deputy
Commissioner) |
City Center,
Gwalior. |
0751-2438360 |
9406915505 |
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4 |
Water Tax (PHE) Mr. S.L.Ahirwar (EE) |
||||
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- PHE Thatipur |
Mr. APS Bhadoriya |
PHE Thatipur |
0751-2438398,
4082800 |
9406915905 |
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- PHE Tansen Nagar |
Mr. Jagesh
Shrivastava |
PHE Tansen Nagar |
0751-2438342 |
9406915904 |
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- PHE Jayendraganj |
Mr. Arvind Sharma |
PHE Jayendraganj |
0751-2438394,
4084105 |
9074444604 |
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- PHE Gorkhi |
Mr. Sanjay Solanki |
PHE Gorkhi |
0751-2438392 |
9425136860,
9406915903 |
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5 |
Accounts |
Mr. Dinesh Batham
(Accounts Officer) |
Nigam Mukhyalay,
City Center, Gwalior. |
0751-2438310 |
9425109470,
9406915507 |
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6 |
Workshop |
Srikant kante |
Workshop |
0751-2438318 |
9425117119, |
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7 |
Central Purchase |
Subhash Gupta |
Nigam Mukhyalay,
City Center, Gwalior. |
0751-2438314 |
9406915511 |
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8 |
Birth & Death |
Dr. Uday Moge |
Health office |
0751-2438375 |
9406915726 |
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9 |
Query & Complaint Division |
Mr.Rathor |
Nigam Mukhyalay,
City Center, Gwalior. |
0751-2438387, |
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10 |
Legal Section |
Mr. Bhagirath
Sharma |
Nigam Mukhyalay,
City Center, Gwalior. |
0751-2438331 |
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11 |
GAD |
Mr. Chandra Mohan (Office
Supritendent) |
Nigam Mukhyalay,
City Center, Gwalior. |
0751-2438308 |
9406915780 |
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12 |
Jankarya |
Mr Prem Pachori |
Nigam Mukhyalay,
City Center, Gwalior. |
0751-2438323 |
9406915730 |
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13 |
Health Department |
Dr. S.K.Mittal |
Health office |
0751-2438341 |
9406915772 |
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14 |
Zoo |
Dr. S.K. Mittal |
Zoo |
0751-2438344 |
9406915772 |
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15 |
Fire Brigade |
Mr. Devendra
Sharma (HOD) |
Fire Brigede |
0751-2438361,2342101 |
9406915730 |
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16 |
Udyaan |
Mr. Mukesh Bansal |
Udyaan |
0751-2438347 |
9406915672 |
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17 |
Parishad |
Mr. Madan Soni |
Parishad |
0751-2438206 |
9406915746 |
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18 |
Musium |
Mr. Rakesh Mittal |
Z-11 |
0751-2438349 |
9406915782 |
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19 |
Khel Department, Taran Pushkar |
Mr. Satpal Singh
Chauhan |
Tarun Pushkar |
0751-2438355 |
9406915750 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
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2] |
Locality of the firm |
Yes |
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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% |
----- |
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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 |
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19] |
Payments terms |
No |
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20] |
Export / Import details
(if applicable) |
No |
|
21] |
Market information |
----- |
|
22] |
Litigations that the firm
/ promoter involved in |
----- |
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23] |
Banking Details |
No |
|
24] |
Banking facility details |
No |
|
25] |
Conduct of the banking
account |
----- |
|
26] |
Buyer visit details |
----- |
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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 |
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33] |
Voter ID No of Proprietor/Partner/Director,
if available |
No |
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34] |
External Agency Rating,
if available |
No |
WEBSITE DETAILS
INTRODUCTION
Situated in the
state of Madhya Pradesh, Gwalior is the city of true royals, the Scindias. City
is well known for its majestic fort, considered as one of the best in the
world. Gwalior is located at a distance of only 118 km from Agra and well
connected by road and rail.
Gwalior is an
historical place of Madhya Pradesh. It is surrounded by District Morena in the
North, District Shivpuri in the south, District Bhind in the East and District
Datia in the west. The District is having two sub-divisions , namely, Gwalior
and Dabra. There are three tehsils, namely, Gwalior, Dabra and Bhitarwar and
four Development Blocks namely, Ghatigaon (Barai), Morar, Dabra and Bhitarwar.
It is well connected with all the major cities of India by Road, Train and also
with Air.The Gwalior is blessed with Classical Music Maestro Miya Tansen. In
memory of him, three days Tansen Samaroh program take place every year and the
Classical music stars participate in this programme and entertain the people of
Gwalior with their outstanding performance. Also the Gwalior Trade Fair take
place every year in the month of December-January.
Walior City is a
District in Madhya Pradesh State near Agra. The new section of the city called
Lashkar. Lashkar is few miles south from the old city. It is the site of
factories producing cotton, yarn, paint, ceramics, chemicals, and leather
products. The nucleus of Gwalior is a citadel crowning an isolated rock about
91 m (300 ft) high, 3.2 km (2 mi) long, and 823 m (2700 ft) wide. The rock is
said to have been a strong hold for more than Ten Centuries and Old city is
located in the Eastern base of the rock. The old city is covered with white
sandstone Mosque, Palaces, rock temples and statues of archaeological and
architectural interest. The Jiwaji University was built in Gwalior in the year
1964. Gwalior City was the Capital of the princely State of Gwalior until 1948
and the summer Capital of Madhya Bharat State from 1948 to 1956. When Madhya
Bharat became part of Madhya Pradesh, it become separate District. According to
Census 1991, population of the District was 692,982. Gwalior's history is traced
back to a legend in 8th century AD when a chief tain known as Suraj Sen was
struck by a deadly disease and cured by a hermit-saint Gwalipa. As a gratitude
for that incidence, he founded this city by his name. The new city of Gwalior
became existance over the centuries. The cradle of great dynasties ruled the
city Gwalior. With different Dynasty, the city gained a new dimension from the
warrior kings, poets, musicians, and saints who contributed to making it
renowned throughout the country. The city is also the setting for the memorials
of freedom fighters such as Tatya Tope and the indomitable Rani of Jhansi.
Today the old settings stand side by side with the trappings of modernity.
GEOGRAPHY
Gwalior is located at 26.22 N 78.18 E[1]. It has an average elevation of 197 metres (646 feet). Gwalior is a historical Indian city - is located on the periphery of Madhya Pradesh State, 321 Kms (199.5 Miles) from Delhi and 121 Kms (76 Miles) from Agra.
Gwalior is a city in Madhya Pradesh in India. It lies 76 miles (122 km) south of Agra and has a population of over 12 lakh (1,200,000). The Gwalior metropolitan area is the 46th most populated area in the country. Gwalior occupies a special mention in India's medieval history and freedom struggle. The city also enjoys a unique position with regard to education and boasts of several colleges and schools well known across the country.
Gwalior occupies a strategic location in the Gird region of North India, and the city and its fortress have served as the center of several of North India's historic kingdoms. At present also its strategic location is marked by the presence of major air base at maharajpura. Gwalior is the administrative headquarters of Gwalior district and Gwalior division.
At the heart of Gwalior is its fortress (Gwalior Fort), built by Raja Man Singh Tomar, of the Tomar dynasty. This formidable structure had the reputation of being one of the most invincible forts of India. It occupies an isolated rock outcrop. The hill is steepended to make it virtually unscalable and is surrounded by high walls which enclose buildings from several periods. The old town of Gwalior lies at the eastern base of the fortress. Lashkar, formerly a separate town that originated as a military camp, lies to the south, and Morar, also a formerly separate town, lies to the east. Gwalior, Lashkar and Morar are presently part of Gwalior Municipality.
AREAS OF THE CITY
THE OLD TOWN
The old town of Gwalior, commonly called Hazira, which is of considerable size, but irregularly built, lies at the eastern base of the rock. It contains the tomb of the Sufi saint Mahommed Ghaus, erected during the early part of Mughal emperor Akbars reign, and the tomb of Mian Tansen, a great singer and one of the 'Nine Jewels' of Akbar's court.
Close to the heart of the city is splendid Jai Vilas Palace, patterned on the French palace of Versailles. The town has a museum situated in the Gujari Mahal.
LASHKAR
Lashkar is derived from the Persian lashkar, meaning army, or camp, as it was originally the camp, and later the permanent capital, of the Scindia dynasty of Gwalior state. Jayaji Chowk is the central focus of Lashkar, with a large square, a former opera house, banks, tea, coffee and juice stands and a municipal market building. Thriving bazaars surround the chowk.
Many jewellery shops are situated near Jayaji Chowk aka Maharaj bada. A source of water for the city Tighra is 10 km north of here. The Gajra Raja Medical College, founded in 1946 by the Maharaja Jiwaji Rao Scindia and the Maharani Vijayaraje Scindia, is situated in Lashkar on Palace Road, near Katora Taal, together with a group of many hospitals.
MORAR
Morar, formerly a separate town, lies three miles east of the old city. It was formerly a British military cantonment. Morar was the scene of the most serious uprising in Central India. By 1900 it had become a centre for local trade and had an important training industry, with a population of 19,179 in 1901.
The second Temple of the Sun in India is situated in Morar at Residency Road after The Konark Sun Temple. This Sun Temple was built by the Aditya Birla Trust.
The cantonment area makes up a large area of Morar which is official residences for the Indian Army. It has many canteens for Army personnel. Near it is located one of the best known schools in Gwalior: The St. Paul's School.
Morar is generally a rural farming town. There is a big Galla Mandi. There are some beautiful places in Morar also and the area is known as the green part of Gwalior because much of the area is still rural.
ART AND CULTURE
Gwalior is a well acknowledged place of art, associated with
historic as well as contemporary evidence. In August 2005 a mural created by
Aasutosh Panigrahi along with five other artist, was acknowledged as World's
Largest Indoor Mural by Guinness Book of. The artwork was created at Shyam
Vatika (Saraswati Estate, near Gola Ka Mandir). Shyam Vatika is one of the
largest Auditorium of Gwalior. Gwalior holds an unparalleled reputation in
Sangeet and the legendary musician Tansen came from Gwalior. In his memory
Tansen Samaroh is held every year. Still many people acknowledge that there is
no equal to Tansen in music. Sarod Maestro Ustad Amjad Ali Khan was also from
the royal city of Gwalior. His grandfather Ghulam Ali Khan Bangash became a
court musician in Gwalior.
Culturally Gwalior is the confluence of two rich cultures Bundeli and Braj. Bundelkhand covers Gwalior, Bhind, Morena, Sagar, Shivpuri, Guna, Sheopur and adjoining areas.
TANSEN FESTIVAL
Every year a national level music festival is organised in November/December near the tomb of Mian Tansen, one of the 'Nine Jewels' of Emperor Akbar's court. Musicians and singers from all over India come here to perform in the festival.
FOLK DANCES
AHIRI DANCE
This dance is related to people who have traditionally been in the business of cattle herding. In different parts of the state these people are known by different castes such as Ahir, Baredi, Gwal, Rawat, Raut, Gwala etc. These people believe that they are the descendents of Lord Krishna.
Baredi or Yadav dance of Bundelkhand
This dance has been associated with the biggest Hindu festival "Diwali". On the night of Diwali people worship Laxmi, the Hindu goddess of wealth (after all no body can live without money), and cattle. Next day on the occasion of "Padva" or "Parva" cattle are sent to jungles or ranches after being decorated with flowers and garlands. They are given special dishes as food. Yadav dance is performed on the same occasion.
Dancers dance in a circular path while singing songs. Sometimes they sit or lie down on earth and suddenly they restart their dance. Rhythm of the song is very low in starting and increases with time. Music instruments are started only when two lines of the song are finished. Primarily these are two line couplets. Sometimes these are in form of questions and answers. This dance continues till Kartik Purnima.
DRESS - Dancers, instrument beaters and their associates wear a clean turban on head. Some people like to put on Dhoti up to knees (long cloth wore by men enwrapping their waist). Some people specially dancers wear colorful shorts. Dancers also keep bunch of peacock feathers.
Music Instruments Mradang, Dholak, Ramtula, Dhapli, Manzira, Jhanz etc. are used in this dance.
SAHARIA DANCES
Saharias are tribal people who live in jungles. They work in farms and also collect medicinal plants from jungles. There are several dances of Saharias. Some of the important ones are: Lur Dance, Lanhgi Dance, Dul-Dul Ghodi Dance, Raya Dance, Ada-Khada Dance.
LUR DANCE OF SAHARIAS
This dance is performed on the occasion of marriage starting from the day of ritual of "Haldi" (In this ritual whole body is pasted with turmeric and after sometime it is removed so the body is cleaned) till the arrival of Barat (Bridegroom comes to the house of the bride with his relatives and friends for marriage ceremony).
LANHGI DANCE OF
SAHARIAS
This dance is also known as Danda(baton) dance because Saharias dance with small batons in their hands with which they strike at each other and perform Lanhgi dance. Only men are allowed in it. This dance is performed on the occasion of Bhujarias, Teja ji puja and Aekadashi etc.
DUL-DUL GHORI DANCE
This dance is performed on the occasion of marriage by males. In this dance a hollow case of ghori (mare) is prepared of bamboo sticks. The dancer stands in the hollow place and dances.(depicts various movements of mare.) There is also a joker in women clothing. People sing folk songs during the dance.
FOLK POETS
JAGNIK
Jagnik was a folk poet of 11th-12th century. At that time some poets used to write biographies of folk warriors. These biographies were called "Raso". Jagnik wrote "Parmal raso" or "Alha khan" Which contains the description of 52 battles fought by Bundeli war heroes Alha and Oodal. The style of singing alha khand has a unique distinction and it is very popular in the region. Dholak, timaki, jhinka, and majira are its musical instruments. People who sing alha are called "Alhet". Lalloo vajpayi is a very famous alhet.
GHAG
Ghag was a folk poet of Mughal period. His couplets are full
of humor and normally have a message for common men. One of his poem is:Ghar ghod paidal chale Teer chalave been
Thati dhare damade ghar Jag mai bhakua
teen In this poem Ghag is saying there are three types of
fools in this world. First who would walk on foot even if they have a horse
i.e. not using the resources. Second who would use Been (a sort of music
instrument) in lieu of arrow i.e. doing wrong work. Third who would keep their
savings in the house of a son-in-law because son in laws demand dowry in India.
CHILDREN GAMES
Cheel Pata Pat Ghaghar Gholi This is a game of girls. This game is particularly played in moonlight. In this game girls sit in courtyard in such a way that their ankles and the feet meet together. In this position they sing "cheel pata pat ghaghar gholi" and clap once then they move a bit aside. Suddenly a girl say "furra" and all the girls climb to the courtyard wall the girl who does this in the last has to give "dav". Giving "dav" means the girl has to touch some other girl. Other girls try to run away from that girl. This game continues till that girl touches some other girl.
AATI PATI
This is a game of boys. All the boys stand in a circular path and choose a leader of the group. The leader of the group puts his hand on the chest of the boys one by one while saying " Aati-pati mar gadha ki chhati, Tera ladka mera nati, Ja le aa babul ki pati". On whomsoever this line end, needs to bring a leaf of Babul (Acacia Arabica). In the mean time rest of the boys hide themselves. When the boy returns with a leaf, he needs to find a boy. If he does then the boy who got discovered will go to bring new leaf and so on.
MAIN FESTIVALS
All national festivals, Diwali, Holi, Onam, Makara Sankranti, Vishu, Eid-ul-Fitr, Rakhi and other local ones like Nag-Panchmi, Ahilya Utsav, Ganesh Utsav, Garba (Navratri Utsav), Dussehara, Durga Puja are celebrated with equal enthusiam. Last decade has seen a rise in celebration of events like Valentine's Day, Rose Day and New Year's Eve.
Gwalior also celebrates Rang Panchami quite differently. This festival is celebrated five days after Dulendi or Holi. This is also celebrated like Dulendi, but colors are mixed with water and then either sprinkled or poured on others.
Ganesh Chaturthi is celebrated in a unique way in Gwalior city. Gwalior's Peoples were arrange a carnival of floats (known as "Jhanki" in local Hindi language) in various places of city.
MAKAR SANKRANTI - is a 'Kite Festival' where people fly kites and competitions are held to cut each other's kites in sky on 14th January each year.
Sports
Gwalior boasts the sports university, Lakshmibai National Institute of Physical Education (LNIPE). Gwalior is also home to the cricket stadium Roop Singh Stadium, named after the hockey player Roop Singh. The ground has witnessed many One Day International (ODI) Cricket matches including several Day-night encounters. It has an international swimming pool named Taran Puskar.
CONNECTIVITY
The city is well connected via rail, road and air transport services.
AIRPORT
Gwalior Airport connects Gwalior directly to Delhi and Bhopal in India with Deccan airlines operating on these routes. This airport has good infrastructure and facilities.
RAILWAYS
Gwalior is one of the major commercial railway station of North-Central railway. Gwalior is, perhaps, one of the only few places where there are both narrow gauge and broad gauge railways tracks are still operational. A unique aspect about gwalior narrow gauge is that, the width of the track is smallest among all the narrow gauges tracks in India. Gwalior is well connected via train services to all parts of the country including 4 metros. There are direct trains to Mumbai, Delhi, Kolkata (Howrah), Chennai, Trivandru
EDUCATION
Gwalior is known for its large number of educational institutions.
Higher education is offered by:
Gwalior has some very good schools including the Scindia School, which draws students from all over the country, as well as L.A.H.S., Scindia Kanya Vidyalaya, Carmel Convent, Vidya Bharti, St. Pauls, Miss-hills, A.M.I and R.K.V.M(both m.p as well as c.b.s.e boards).
GMC INTRODUCTION
Welcome to the official site of Gwalior Municipal
Corporation. Gwalior Municipal Corporation came into existence in 1887. It was
established by the Council of Regency which was responsible for administration
of the Gwalior Estate.
The foundation of Gwalior Municipal Corporation was laid on 6th June, 1887, by the Council of Regency. The deemed purpose of this establishment was to facilitate the citizens by addressing their problem through the mechanism of local administration.
The first milestone achieved by GMC in this regard was the framing of a profound Municipal Act which was converted into Municipal Law in 1911.
Before 1904, general functions of Urban Local Bodies like City planning, sanitation etc. were carried out in the supervision of Police Department. After 1904, these functions were assigned to the Gwalior Municipal Corporation along with establishment of a separate Municipal Corporation for Old Gwalior.
In the year 1912, yet another Municipal Corporation was established for Morar Nagar. It functioned in accordance with the Municipal Act which was formulated in 1911 but was implemented in 1912.
On 1st July 1912, Gwalior and Morar Municipal Corporation merged into Lashkar Municipal Corporation.
Till 1912, His Highness Madhav Rao Scindhiya was a Chairperson of Municipal Corporation of Gwalior. After the implementation of Municipal Corporation Act in the year 1913, a separate Governing body was established by the elected members of board and his highness, Madhav Rao Scindhiya resigned from the post of Chairperson.
In the year 1922, a new board was formed with 45 members, where 30 members were elected, and 15 members were nominated from different parts of the City. During the governance of this board, Gwalior city saw many remarkable changes, most remarkable being the establishment of a Power House at Motijheel and Water Supply Plant to supply water to the entire city.
The Municipal Corporation Act which was implemented in the year 1912 saw some amendments in the year 1936 and was implemented with fresh rules for governance in the year 1937.
Salient features of this amendment included the Power to select Chairperson through voting by the members of the Council. Before this amendment the Chairperson was elected by nomination.
After independence the Municipal Corporation Act was revised yet again and this paved way for establishment of Central India Municipal Corporation Act in the year 1954. This led to an increase in the limits of Gwalior Municipal Corporation to include another 18 square miles.
In 1956, the reorganizing of states of India led to creation of Madhya Pradesh. This resulted in Gwalior and Indore Municipalities being awarded the status of Municipal Corporations and the implementation of new Municipal Corporation Act. GMC was divided into 34 blocks and was governed by 40 elected members and 10 members of Central India Municipal Corporation who were transferred by voting method.
The elections of Municipal Council were again held in 1969 in which out of the 52 councilors, 42 councilors were elected and 10 councilors were nominated by the elected members. Gwalior Municipal Corporation extended its scope of work and included another 75 villages in its limit to extend its jurisdiction area to 289 sq. km. of land.
Gwalior Municipal Corporation was again restructured on 24th May 1983 and the number of elected members was increased to 52 with 10 nominated members and Mayor of the Gwalior Municipal Corporation.
The term of the Council ended in 1987 which led to the State Government taking charge of the Corporation for 7 years. In the year 1994, elections were held and the number of members was increased to 67 members, 60 of which were elected and 6 councilors were nominated by the Government. In 1994, State Government created the post of Chairperson of the council who was elected by the councilors.
In the year 2000, the process of election was changed and the Councilors and Mayor were elected directly by the public to create a council for the term of 5 years. In the year 2004 the election were held again and the Council is still in term with 60 elected councilors, 6 members nominated by the Government and the Mayor.
GMC ACHIEVEMENTS
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.59.95 |
|
|
1 |
Rs.99.36 |
|
Euro |
1 |
Rs.82.15 |
INFORMATION DETAILS
|
Information Gathered
by : |
HTL |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
ANK |
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.