MIRA
INFORM REPORT
|
Report Date : |
28.04.2014 |
IDENTIFICATION DETAILS
|
Name : |
RELIANCE ACADEMY |
|
|
|
|
Registered
Office : |
Rapti Nagar, Phase – 4, P O Chargawa Karimnagar, Gorakhpur – 273013, Uttar
Pradesh |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Year of
Establishment : |
2006 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Not Divulged |
|
|
|
|
Legal Form : |
Trust |
|
|
|
|
Line of Business
: |
Subject is engaged into providing high standard of Education at
Primary and Secondary Level. |
|
|
|
|
No. of Employees
: |
30 (Approximately) |
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 an established educational trust having satisfactory track.
It is affiliated to Central Board of Secondary Education (CBSE). It is
engaged into providing high standard of Education at the Primary and
Secondary Level. Trade relations are fair. Business is active. Payments 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 – March 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
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
US investment bank Goldman
Sachs has upgraded its outlook on Indian markets as it expects positive impact
of the election cycle.
India’s economy may
grow 4.7 % in the current financial year, lower than the official estimate of
4.9 %, Fitch Rating said. The global rating agency expects the economy to pick
up in the next two financial years.
Global ratings
agency Standard & Poor said increasing focus by India Inc on lowering debt
is likely to improve their credit profiles.
Singapore (1.1 million
Indian tourists in 2012), Thailand (one million), the United Arab Emirates
().98 million) and Malaysia ().82 million) emerged as the preferred holidays
hotspots for Indians. The total figure is expected to increase to 1.93 million
by 2017, according to the latest Eurmonitor international report.
There is a $29.34 bn
outward foreign direct investment by domestic companies between April and
January of 2013/14 which has seen some signs of recovery according to a Care
Ratings report.
There are 264 number
of new companies being set up every day on average during 2014. Most of them
are registered in Mumbai. India had 1.38 million registered companies at the
end of January, 2014.
Twitter like
messaging service Weibo Corporation has filed to raise $ 500 million via a US
initial public offering. Alibaba, which owns a stake in Weibo is expected to
raise about $ 15 billion New York this year in the highest profile Internet IPO
since Facebook’s in 2012.
Bharti Airtel has
raised Rs.2,453.2 crore (350 million Swiss Francs) by selling six-year bonds at
a coupon rate of three per cent and maturing in 2020. This is the largest ever
bond offering by an Indian company in Swiss Francs. Bharat Petroleum
Corporation raised 175 million Swiss Francs by selling five year bonds at 2.98
% coupon rate in February.
Indian Oil
Corporation plans to invest Rs.7650 crore in setting up a petrochemical complex
at its almost complete Paradip refinery in Odhisha in three to four years. The
company board is set to consider the setting up of a 700000 tonne per annum
polypropylene plant at an estimated cost at Rs.3150 crore.
Global chief
information officers at gathering in Bangalore in April to meet Indian startups
at an event called Tech50 Watchout for Little Eye Labs-Facebook type deals in
the making.
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
INFORMATION PARTED BY
|
Name : |
Mr. Rashid Hussain |
|
Designation : |
Administrator |
|
Contact No.: |
91-9336994079 |
|
Date : |
25.04.2014 |
|
|
|
|
Name : |
Mr.
Farmanullah Ansari |
|
Designation : |
Director and Secretary |
|
Date : |
25.04.2014 |
LOCATIONS
|
Registered
Office/ Warehouse : |
Rapti Nagar, Phase – 4, West Rail Vihar-1, P
O Chargawa Karim Nagar, Gorakhpur – 273013,
Uttar Pradesh, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9336994079 (Mr. Rashid) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
MANAGEMENT
DETAIL OF MANAGEMENT COMMITTEE
|
Name : |
Mrs.
Anjum Ara |
|
Designation : |
President |
|
Address : |
Moh.
Quazipur Khurd, Gorakhpur, Uttar Pradesh, India |
|
Profession
: |
Educationist |
|
|
|
|
Name : |
Mrs.
Arjumand Sultana |
|
Designation : |
Vice
President |
|
Address : |
Moh.
Quazipur Khurd, Gorakhpur, Uttar Pradesh, India |
|
Profession
: |
Educationist |
|
|
|
|
Name : |
Mr.
Farmanullah Ansari |
|
Designation : |
Director and Secretary |
|
Address : |
Moh.
Ilahibagh, Gorakhpur, Uttar Pradesh, India |
|
Profession
: |
Social
worker |
|
|
|
|
Name : |
Mr.
M.Z.F. Ansari |
|
Designation : |
Joint
Secretary |
|
Address : |
Moh.
Daud Chak, Gorakhpur, Uttar Pradesh, India |
|
Profession
: |
Social
worker |
|
|
|
|
Name : |
Mr. A.Z.F. Ansari |
|
Designation : |
Treasurer |
|
Address : |
Moh.
Daud Chak, Gorakhpur, Uttar Pradesh, India |
|
Profession
: |
Social
worker |
|
|
|
|
Name : |
Farzana
Anjum |
|
Designation : |
Member |
|
Address : |
Moh.
Daud Chak, Gorakhpur, Uttar Pradesh, India |
|
Profession
: |
Social
worker |
|
|
|
|
Name : |
Madam.
Shabana Anjum |
|
Designation : |
Member |
|
Address : |
Moh.
Daud Chak, Gorakhpur, Uttar Pradesh, India |
|
Profession
: |
Social
worker |
|
|
|
|
Name : |
Mrs.
Talat Jahan |
|
Designation : |
Member |
|
Address : |
Moh.
Quazipur Khurd, Gorakhpur, Uttar Pradesh, India |
|
Profession
: |
Educationist |
|
|
|
|
Name : |
Mr. Rashid Hussain |
|
Designation : |
Administrator |
DETAIL OF TEACHING STAFF
|
Sr. No. |
Name of teacher |
Designation |
|
1 |
Ms. Rasheeda Khatoon |
Vice Principal |
|
2 |
Ms. Swati Srivastav |
Co-ordinator |
|
3 |
Ms. Ruma Chakarborty |
P.G.T. |
|
4 |
Mr. Mohammad Faiz |
T.G.T. |
|
5 |
Mr. Najmul Hoda |
T.G.T. |
|
6 |
Ms. Nazara Khatoon |
T.G.T. |
|
7 |
Ms. Tanvi Srivastava |
T.G.T. |
|
8 |
Ms. Sanjukta Dubey |
T.G.T. |
|
9 |
Mr. Abhishek Singh |
T.G.T. |
|
10 |
Ms. Seema Mall |
T.G.T. |
|
11 |
Ms. Neetu Verma |
T.G.T. |
|
12 |
Ms. Mamta Gupta |
T.G.T. |
|
13 |
Ms. Marry Patterson |
T.G.T. |
|
14 |
Ms. Gunja Nigam |
P.G.T. |
|
15 |
Ms. Rama Biswas |
P.G.T. |
|
16 |
Ms. Shabana Anjum |
P.G.T. |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged into providing high standard of Education at
Primary and Secondary Level. |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit |
|
|
|
|
Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
No. of Employees : |
30 (Approximately) |
|
|
|
|
Bankers : |
· Union Bank of India Medical Collage, Gorakhpur, Uttar Pradesh, India |
|
|
|
|
Facilities : |
-- |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
N. A. Siddiqui and Company Chartered Accountants |
CAPITAL STRUCTURE
|
Capital Investment : |
|
|
Owned : |
Not Divulged |
|
Borrowed : |
Not Divulged |
|
Total : |
Not Divulged |
FINANCIAL DATA
[All figures are
in Rupees Millions]
|
Particulars |
|
31.03.2014 |
31.03.2013 |
|
Revenue (Approximately) |
|
6.000 |
5.000 |
The above information has been parted by Mr. Farmanullah Ansari and Mr. Rashid Hussain.
FINANCIAL ANALYSIS
[All figures are
in Rupees Millions]
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
|
31.03.2013 |
31.03.2014 |
|
|
|
(INR in Mlns) |
(INR in Mlns) |
|
Revenue |
|
5.000 |
6.000 |
|
|
|
|
20.000 |
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 |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact person |
Yes |
|
11] |
Turnover of firm for last two years |
Yes |
|
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 |
Yes |
|
20] |
Export / Import details (if applicable) |
No |
|
21] |
Market information |
----- |
|
22] |
Litigations that the firm / promoter
involved in |
----- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
No |
|
25] |
Conduct of the banking account |
----- |
|
26] |
Buyer visit details |
----- |
|
27] |
Financials, if provided |
Yes |
|
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
INTRODUCTION TO
SCHOOL
Reliance Academy: The school that encourages new age nurturing the nation dream the new generation full school. It was founded and Established on 23 June 2000 and governed by the Reliance Academy M.G. Educational Society Rapti Nagar Phase-IV, West of Rail Vihar, Karim Nagar, Gorakhpur.
Reliance Academy is affiliated to Central Board of Secondary Education (C.B.S.E.), New Delhi. Affiliation No.2131291 and School Code- 54769.
Reliance Academy firmly believes in a search for excellence.
It will not compromise with standard and crop of highly dedicated and qualified
team of teachers through the latest teaching techniques with projector (Master
Classes) and equipments throughout the year competition and programmes with a
strong emphasis on sport, debates quiz programme etc. Reliance Academy aims the
basis of life in school in daily assembly where growing trust in God and Love
for all. A high standard of conduct is maintained and children are taught to
give due respect to elders and love to youngers and honour to side by side the
opinion of others appreciate all that is good.
Reliance Academy provides individual attention to students to bring out their best and to make them multifaceted to ensure interral development of their personality. The school strives for excellence not only in the field of education but also indiscipline.
FACILITIES
TRANSPORT:
(i) The school buses will run in to different parts of the city.
(ii) Allotment of the Bus facility is not automatic with Admission. One
will have to apply for it separately.
(iii) During the course of the session in the consequent of the hike in
prices of Diesel/petrol, the users will have to pay the revised transport fee
as decided by the school authorities.
(iv) The Bus fee has to be paid in advance in two installments of Six
months each starting at the beginning of each session.
(v) The users shall have to board the Bus as per stoppages already
decided by the school.
STUDENTS FACILITIES:
(i) Facilities of a well equipped library with books on various subjects’
encyclopedias and periodicals are available for students from class II to X. In
the Pre- primary classes, picture, reading and story telling are a regular
feature of instruction.
(ii) The school provide transport to the students. A fleet of buses carry the
students To and From the school.
(iii) Laboratory facilities are available for Physics, Chemistry and Biology.
(iv) The computer Centre provides an adequate number of Computer to impart
Computer Education from class I to onwards.
The school is equipped with an elaborate Computer Lab. For imparting
Basic Computer Education to the students based on the CBSE syllabus.
The Computer Lab. Consist of Pentium PC connected on lab. System with
the novel, Network Programme, Official Ver, 4.1 the main server however is
Pentium IV system. The school also has two house teachers for this purpose.
(v) A four and half acre large and specious play ground is available with
facilities for Football, Cricket, Badminton, Riding and Swimming Pool etc.
(vi) T.V. and Video/other audio visual equipments and projector are also available
to screen educational and socially relevant programmes, for the children.
(vii) A well equipped boarding facility will also be provided.
PRE-PRIMARY CLASSES FACILITIES:
(i) Mini Zoo, Aquarium and sandpits.
(ii) A separate play ground with Swing, Slides Marry-go-round and Jungle
gym etc.
(iii) Puppet shows.
(iv) Doll house and toys section.
(v) Horse riding.
(vi) Computer Game, Video Game and Cartoon Film etc.
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.61.11 |
|
|
1 |
Rs.102.71 |
|
Euro |
1 |
Rs.84.52 |
INFORMATION DETAILS
|
Information
Gathered by : |
HNA |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
NIT |
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.