MIRA INFORM REPORT
|
Report Date : |
10.02.2014 |
IDENTIFICATION DETAILS
|
Name : |
NATIONAL |
|
|
|
|
Formerly Known
As : |
|
|
|
|
|
Registered
Office : |
NIOT Campus, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
1959 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.1183.187 Millions |
|
|
|
|
Legal Form : |
Educational Institute. |
|
|
|
|
Line of Business
: |
Educational Institute. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (54) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an old and established institute having fine track record. Overall financial position appears to be decent. Trade relations reported to be fair. Business is active. Payment terms
are reported to be regular and as per commitment. The subject can be considered normal for business dealing 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
The services sector, the largest contributor to India’s GDP, contracted for
the sixth consecutive month in December, as orders dipped. However, hiring has
risen. Direct tax collections rose 12.3 % during the April – December
period of the current financial year. The government has decided to
retain 100 per cent foreign direct investment in both greenfield (new) and
brown field (existing) pharmaceutical companies, despite concerns over genetic
drugs going out of production, if multi-national companies take over domestic
ones. In M&A deals, a non compete clause would not be allowed, except in
special circumstances. The Department of Industrial Policy and Promotion plans
to release the next edition of its consolidated foreign direct investment
policy document on March 31, incorporating changes made in the past year. DIPP
compiles all policies related to India’s FDI regime into a single document to
make it easy for investors to understand. 185 million estimated number of
mobile internet users in India by June 2014, according to a report by the
Internet & Mobile Association of India and IMRB International. India
had 110 million mobile internet users with 25 million in rural areas. $3.77 tn
estimated global IT spending in 2014, according to research firm Gartner Inc.
The growth forecast for this year is cut to 3.1 %from the earlier estimate of
3.5 %. The spending growth forecast for telecom services – a segment that
accounts for more than 40 % at total IT spending – from 1.9 per cent to 1.2 per
cent is the main reason for this overall IT cut. A Reserve Bank of India
committee has recommended setting up a special category of lenders who would
cater to small businesses and households, to expand the number of customers
with access to banking services. These banks would focus onproviding payment
services and deposit products. Indian banks want the free use of
automated teller machines to be capped at five transactions in a month
including that of the bank in which the account is active. This follows state
government order to banks to install security guards at ATM booths after a
woman banker was assaulted in Bangalore. The government is likely to present a
vote on Account in mid-February. The annual Economic Survey will be tabled
later in Parliament along with the full Budget. A full Budget for 2014/15 is
likely to be present in July by the new government formed after the General
Election. The government will soon launch an internet spy system, called Netra,
to detect malafide messages. Security agency will deploy the system to capture
dubious voice traffic on applications such as Skype and Google Talk, as well as
tweeters.
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.
LOCATIONS
|
Registered Office : |
NIOT Campus, Warangal – 506 004, India |
|
Tel. No.: |
91-870-2459191 |
|
Fax No.: |
91-870-2459547 |
|
E-Mail : |
|
|
Website : |
BOARD OF GOVERNORS
|
Name : |
Dr. Krishna M. Ella |
|
Designation : |
Chairman |
|
|
|
|
Name : |
Prof. T. Srinivasa Rao |
|
Designation : |
Member |
|
|
|
|
Name : |
Ms. Amita Sharma |
|
Designation : |
Member |
|
|
|
|
Name : |
Sri. Yogendra Tripathi |
|
Designation : |
Member |
|
|
|
|
Name : |
Dr. Arjula Ramachandra Reddy |
|
Designation : |
Member |
|
|
|
|
Name : |
Dr. Janakiram Nanduri |
|
Designation : |
Member |
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|
ADMINISTRATIVE AND
STATUTORY BODIES AND OTHER COMMITTEES: |
|
|
|
|
|
Name : |
Padmasree Prof. B. L. Deekshatulu |
|
Designation : |
Chairman |
|
|
|
|
Name : |
Prof. T. Srinivasa Rao |
|
Designation : |
Member |
|
|
|
|
Name : |
Prof. K. Narendra Reddy |
|
Designation : |
Member |
|
|
|
|
Name : |
Dr. K. Mruthyunjaya Reddy |
|
Designation : |
Member |
|
|
|
|
Name : |
Prof. N. Viswanadham |
|
Designation : |
Member |
|
|
|
|
Name : |
Mrs. Preetha Reddy |
|
Designation : |
Member |
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|
|
|
Name : |
Dr. G. Ramachandra Reddy |
|
Designation : |
Member |
|
|
|
|
Name : |
Prof. (Dr.) Sanghamitra Bandyopadhyay |
|
Designation : |
Member |
|
|
|
|
Name : |
Prof. K.S.R. Krishna Prasad |
|
Designation : |
Member |
|
|
|
|
Name : |
Dr. N. Srinivasacharyulu |
|
Designation : |
Member |
|
|
|
|
Name : |
Sri K. Ravi Kishore |
|
Designation : |
Member |
|
|
|
|
FINANCE
COMMITTEE: |
|
|
|
|
|
Name : |
Padmasree Prof. B. L. Deekshatulu |
|
Designation : |
Chairman |
|
|
|
|
Name : |
Prof. K. Narendra Reddy |
|
Designation : |
Member |
|
|
|
|
Name : |
Dr. G. Ramachandra Reddy |
|
Designation : |
Member |
|
|
|
|
Name : |
Prof. K.S.R. Krishna Prasad |
|
Designation : |
Member |
|
|
|
|
BUILDING AND
WORKS COMMITTEE: |
|
|
|
|
|
Name : |
Sri. R. K. Bandyopadhyay |
|
Designation : |
Member |
|
|
|
|
Name : |
Dr. K. Mruthyunjaya Reddy |
|
Designation : |
Member |
|
|
|
|
Name : |
Sri. Rajesh Singh |
|
Designation : |
Member |
|
|
|
|
Name : |
Sri. P. Manickram |
|
Designation : |
Member |
|
|
|
|
Name : |
Sri. G. Radhakrishnan |
|
Designation : |
Member |
|
|
|
|
Name : |
Smt. N. Madhavi Sukanya |
|
Designation : |
Member |
|
|
|
|
Name : |
Sri. Navin Soi |
|
Designation : |
Member |
|
|
|
|
Name : |
Shri. N. Krishna Reddy |
|
Designation : |
Member |
|
|
|
|
Name : |
Prof. N. S. Murthy |
|
Designation : |
Member |
|
|
|
|
RESEARCH
ADVISORY COMMITTEE: |
|
|
|
|
|
Name : |
Prof. T. Srinivasa Rao |
|
Designation : |
Chairman |
|
|
|
|
Name : |
Dr. G. Malakondalah |
|
Designation : |
Member |
|
|
|
|
Name : |
Dr. Arabinda Chaudhury |
|
Designation : |
Member |
|
|
|
|
Name : |
Dr. A. Veera Raghavan |
|
Designation : |
Member |
|
|
|
|
Name : |
Dr. B. V. Appa Rao |
|
Designation : |
Member |
|
|
|
|
Name : |
Dr. N. S. Murthy |
|
Designation : |
Member |
|
|
|
|
Name : |
Dr. R. V. Chalam |
|
Designation : |
Member |
|
|
|
|
THE HOSTEL
ADVISORY COUNCIL (H.A.C.): |
|
|
|
|
|
Name : |
Prof. T. Srinivasa Rao |
|
Designation : |
Chairman |
|
|
|
|
Name : |
Prof. A. Ramachandra Reddy |
|
Designation : |
Convener |
|
|
|
|
Name : |
Prof. P. Anand Raj |
|
Designation : |
Member |
|
|
|
|
Name : |
Prof. R. C. Sastry |
|
Designation : |
Member |
|
|
|
|
Name : |
Prof. G. Radhakrishnamacharya |
|
Designation : |
Member |
|
|
|
|
Name : |
Dr. R. L. N. Sai Prasad |
|
Designation : |
Member |
|
|
|
|
Name : |
Dr. Deva Pratap |
|
Designation : |
Member |
|
|
|
|
Name : |
Dr. J. Pranitha |
|
Designation : |
Member |
|
|
|
|
Name : |
Dr. A. Aruna |
|
Designation : |
Member |
|
|
|
|
Name : |
Mr. D. Sumanth |
|
Designation : |
Member |
|
|
|
|
Name : |
Mr. G. Vishnu |
|
Designation : |
Member |
|
|
|
|
Name : |
Mr. Bobby Mathews |
|
Designation : |
Member |
KEY EXECUTIVES
|
Name : |
Prof. K. Madhu Murthy (Upto 31.10.2011) |
|
Designation : |
Secretary |
|
|
|
|
Name : |
Prof. P. Anand Raj (From 1.11.2011) |
|
Designation : |
Secretary |
BUSINESS DETAILS
|
Line of Business : |
Educational Institute. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|
|
|
|
Bankers : |
Not Available |
CAPITAL STRUCTURE
AS
ON 31.03.2012
(Rs.
In Millions)
|
CORPUS / CAPITAL FUND |
CURRENT YEAR |
|||
|
Main Collage |
Provident fund |
TEQIP |
Total |
|
|
Balances as at the beginning of the year |
799.411 |
155.042 |
172.452 |
1126.905 |
|
Add: Contributions towards Corpus / Capital Fund |
0.000 |
40.958 |
0.000 |
40.958 |
|
Add: Contributions receivable towards Capital Fund |
0.000 |
0.000 |
0.000 |
0.000 |
|
Add: Surplus of Grant received earlier years – as per AG Audit Advice |
0.000 |
0.000 |
0.000 |
0.000 |
|
Add / Deduct : Balance of the net income / (Expenses) transferred from
the Income and Expenditure Account |
35.678 |
0.000 |
0.000 |
35.678 |
|
Less: Interest surplus to the end of the scheme transferred to NIT
Warangal |
0.000 |
0.000 |
0.000 |
0.000 |
|
Less: Unspent balance refunded as per list (2007-2008) |
0.000 |
0.000 |
0.000 |
0.000 |
|
Less: Land value reduced as per
AD Audit Advice |
0.000 |
0.000 |
0.000 |
0.000 |
|
Less: Plan recurring Expenses / Refund of Money |
0.000 |
0.000 |
0.000 |
0.000 |
|
Less: Payments during the year out of capital fund |
0.000 |
(20.354) |
0.000 |
(20.354) |
|
|
|
|
|
|
|
BALANCE AS AT
THE YEAR – END |
835.089 |
175.646 |
172.452 |
1183.187 |
FINANCIAL DATA
[all figures are
in Rupees Millions]
CONSOLIDATED
BALANCE SHEET AS AT 31-03-2012
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
|
CORPUS / CAPITAL
FUND AND LIABILITIES |
|
|
|
|
|
|
|
|
|
Corpus / Capital Fund |
|
1183.187 |
1126.905 |
|
Reserves and Surplus |
|
2615.400 |
2565.400 |
|
Earmarked / Endowment Funds |
|
369.372 |
323.039 |
|
Secured Loans and Borrowings |
|
0.000 |
0.000 |
|
Unsecured Loans and Borrowings |
|
4.852 |
4.852 |
|
Deferred Credit Liabilities |
|
0.000 |
0.000 |
|
Current Liabilities and Provisions |
|
95.678 |
74.042 |
|
|
|
|
|
|
Total |
|
4268.489 |
4094.238 |
|
|
|
|
|
|
ASSETS |
|
|
|
|
|
|
|
|
|
Fixed Assets – (Capital Assets) |
|
2062.466 |
1905.908 |
|
--- Capital Work in progress |
|
1194.411 |
1305.522 |
|
Investments – From Earmarked I Endowment Funds |
|
608.269 |
565.478 |
|
Investments – Others |
|
144.200 |
136.700 |
|
Current Assets, Loans, Advances Etc, |
|
259.143 |
180.630 |
|
Miscellaneous Expenditure (to the extent not written off or adjusted) |
|
|
|
|
|
|
|
|
|
Total |
|
4268.489 |
4094.238 |
RECEIPTS AND
PAYMENTS
|
RECEIPTS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
1. Opening Balance: |
|
|
|
|
a)
Cash in hand |
|
|
|
|
--- Main Cash Book |
0.570 |
0.303 |
1.917 |
|
--- Petty Cash Book |
0.200 |
0.151 |
0.141 |
|
--- Imprest with Departments |
0.206 |
0.136 |
0.054 |
|
--- Fee account |
0.000 |
1.868 |
0.000 |
|
b)
Bank Balances |
|
|
|
|
--- In Current Accounts |
99.331 |
151.328 |
23.677 |
|
--- In Deposit Accounts |
0.000 |
0.000 |
0.000 |
|
----Savings Account |
2.785 |
0.448 |
8.252 |
|
|
|
|
|
|
2.
Grants Received: |
|
|
|
|
a)
|
|
|
|
|
--- Towards Capital Fund |
|
|
|
|
--- Towards Revenue Expenses |
|
|
|
|
b)
Grants received by TEQIP |
447.162 |
951.212 |
1367.828 |
|
c)
Staff Subscription towards PF |
|
|
|
|
d)
Institute Contribution towards PF |
|
|
|
|
e)
Endowment fund received |
|
|
|
|
|
|
|
|
|
3.
Income on
Investments From: |
|
|
|
|
Earmarked / Endowment Funds |
0.241 |
0.298 |
0.256 |
|
Own Funds (Other Inv) TEQIP |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
4.
Interest
Received: |
|
|
|
|
a)
On bank Deposits |
37.825 |
15.252 |
19.383 |
|
b)
Loans, Advances etc. |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
5.
Other Income
(Specify): |
|
|
|
|
--- Rents from Hostels |
20.449 |
18.161 |
16.899 |
|
--- License Fee Staff Quarters |
0.797 |
0.697 |
0.494 |
|
--- Rents from Guest House |
0.443 |
0.368 |
0.863 |
|
--- Revenue Receipts from UGS |
159.163 |
114.031 |
102.106 |
|
--- Revenue Receipts from MCA |
0.000 |
0.000 |
0.000 |
|
--- Revenue Receipts from PGC |
47.228 |
41.340 |
32.084 |
|
|
|
|
|
|
6.
Amount Borrowed: |
0.000 |
0.000 |
63.890 |
|
|
|
|
|
|
7.
Other Income
TEQIP: |
0.000 |
0.000 |
0.004 |
|
|
|
|
|
|
8.
|
|
|
|
|
--- Under Funded Accounts |
|
|
|
|
--- Other
Deposit Accounts |
|
|
|
|
--- Investments Accounts |
2268.454 |
943.197 |
1086.613 |
|
--- Advances Accounts |
|
|
|
|
--- Other Items (St. Liabilities) |
|
|
|
|
--- Purchases Acounts |
|
|
|
|
|
|
|
|
|
Total |
3084.854 |
2238.790 |
2724.461 |
|
PAYMENTS
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
1.
Expenses: |
|
|
|
|
a)
Establishment Expenses |
447.186 |
348.130 |
398.102 |
|
b)
Administrative Expenses |
203.601 |
168.257 |
133.181 |
|
|
|
|
|
|
2.
PAYMENTS MADE
AGAINST Funds for various Projects: |
|
|
|
|
--- Towards various funded accounts |
185.240 |
119.291 |
92.376 |
|
|
|
|
|
|
3.
Investments land
deposits made: |
|
|
|
|
a)
Out of Earmarked / Endowment Fund |
0.025 |
0.150 |
1.300 |
|
b)
Out of Own Funds |
2008.265 |
1225.676 |
460.238 |
|
c)
Interest accrued on Investments |
0.000 |
10.499 |
0.000 |
|
|
|
|
|
|
4.
Expenditure on
Fixed Assets and CWIP: |
45.447 |
169.801 |
1071.729 |
|
|
|
|
|
|
5.
Refund of Surplus
Money Loans: |
0.000 |
0.000 |
69.398 |
|
|
|
|
|
|
6.
Finance Charges: |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
7.
Other Payments: |
|
|
|
|
|
|
|
|
|
--- Other Liabilities (St. Liabilities) |
|
|
|
|
--- Purchases Accounts |
|
|
|
|
--- Advances Accounts |
160.755 |
93.894 |
343.903 |
|
--- Endowment Payments |
|
|
|
|
--- Government of Andhra Pradesh-Arrears
of Pension paid |
|
|
|
|
--- Refund of Capital Fund (Surplus) |
|
|
|
|
|
|
|
|
|
8.
Closing
Balances: |
|
|
|
|
a)
Cash in hand |
|
|
|
|
--- Main Cash Book |
0.153 |
0.570 |
0.303 |
|
--- Fee Account (Cash) |
0.000 |
0.000 |
1.868 |
|
--- Petty Cash Book |
0.193 |
0.200 |
0.151 |
|
--- Imprest with Departments |
0.233 |
0.206 |
0.136 |
|
b)
Bank Balances |
|
|
|
|
--- In Current Accounts |
28.939 |
99.331 |
151.328 |
|
--- In Deposit Accounts |
0.000 |
0.000 |
0.000 |
|
--- Savings Account |
4.817 |
2.785 |
0.448 |
|
--- Cheques on hand |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Total |
3084.854 |
2238.790 |
2724.461 |
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 |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
----------- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
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 |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
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 |
ABOUT US:
National Institute of Technology, Warangal
(Deemed University), formerly known as Regional Engineering College, was established in 1959.
Pandit Jawaharlal Nehru laid
the foundation stone for this institute on October 10, 1959, the first in the
chain of 30 NITs (formerly known as RECs) in the country.
The Institute is well known for its dedicated faculty, staff
and the state-of-the art infrastructure conducive to a healthy academic
environment. The Institute is constantly striving to achieve higher levels of
technical excellence. Evolving a socially relevant and yet
internationally acceptable curriculum, implementing innovative and effective
teaching methodologies and focusing on the wholesome development of the
students are our concerns. Thanks to UNESCO and UK assistance in the past,
many developmental activities were undertaken. The World Bank Assistance under
Technical Education Quality Improvement Programme (TEQIP during 2004-09) had
been a timely help in the overall development of the Institute.
The Institute currently has thirteen academic departments
and a few advanced research Centre’s in various disciplines of engineering,
pure sciences and management, with nearly 100 laboratories organized in a
unique pattern of functioning, Central Library with state of the art
facilities, Auditorium, Student Activity Centre, Mega Computer Centre, Indoor
Games Complex, big stadium, Seminar Halls with required infrastructure,
Dispensary with state of art of facilities, etc. Faculty of repute, brilliant
student community, excellent technical and supporting staff and an
effective administration have all contributed to the pre-eminent status of
N.I.T., Warangal. The Institute offers eight undergraduate programmes
(B.Tech.,) in engineering, Twenty nine post graduate programmes (M.Tech.,
M.Sc., MCA and MBA) in engineering, sciences and management and research
programmes in engineering, sciences, humanities, physical education
and management. The institute is well-known for its Research and
Development, Industrial consultancy, Continuing education and Training
programmes for teachers and industrial personnel.
N.I.T., Warangal is a residential institute with nearly 3355
(UG: 2251 & PG: 1104) students apart from nearly 269 Ph.D., (150 Full Time
and 119 Part time) Scholars. It has 16 residential blocks including one
mega & one ultra-mega hostel for boys, two hostels for girls and one hostel
for foreign students. It has five messes for boys, one mess exclusively
for girls and one mega mess with present state of art facilities for boys,
foreign students and girls. It has nearly 200 teaching staff and 360
administrative and supporting staff apart from outsource personnel. It is a
self-contained residential campus located in a beautiful wooded land of about
248 acres. It is located on either side of Hyderabad - Warangal highway at a
distance of 3 Kms from Kazipet Railway Station and 12Kms from Warangal Railway
Station. It is located at a distance of 140 Kms from Hyderabad. Warangal enjoys
a unique position in the cultural and historical map of the state. The exquisite
and intricate architecture in Ramappa, Thousand Pillar Temple, Badrakali Temple
and the Warangal Fort have been Centre’s of attraction. Lovely gardens, wild
life sanctuaries, lakes and rocks in the vicinity are other places of interest
for students. The place enjoys a good climate throughout the year except for
the patches of hot summer during May-June.
It is a residential campus with all the basic facilities for
both the students and staff to live on the campus. The following statistical
figures might give an idea about the buildings in the campus. The plinth area
occupied by the different buildings on the campus are: Administrative Building
(3,331 Sqm), Academic Buildings (34,448 sqm), Library Building (3,610 sqm),
Students Hostels (32,642 sqm), Sports Pavilion and Gallery (784 Sqm),
Director's Bungalow, Staff Quarters and Guest House (31,598 sqm.) The road
network in the campus runs to a length of 12 kms. Work is in progress in
creating more space for the varied purposes referred above and also for the
extension of network of roads.
The placement service at the institute is one of the best of
its kind in the country. The alumni of the institute hold responsible and
enviable positions all over the world and are in constant touch with the
institute. Every new entrant into the portals of this institution is poised for
partaking a rich heritage and tradition that is unique to NITW. According to
NASSCOM Data Quest Survey, NITW clinches the 13th rank among the technical
institutes in the country.
DIRECTOR’S
PROFILE:
Prof. T. Srinivasa Rao is one of the senior
Professors of the NIT-Tiruchirappalli with 25 years of experience in teaching,
research and administration. He obtained his B.Tech. (Metallurgical
Engineering) from Regional Engineering College, Warangal (NIT Warangal),
M.Tech. (Foundry Engineering) from Indian Institute of Technology (IIT),
Kharagpur, and Ph.D. from Regional Engineering College, Tiruchirappalli (NIT
Tiruchirappalli) in 1982, 1984 and 1992 respectively. He began his career at Praga
Tools Limited, Secunderabad as a Management Trainee. Later he joined REC,
Tiruchirappalli as a Lecturer in the year 1986. Subsequently, he was an
Assistant Professor, Professor and Head of Metallurgical and Materials
Engineering Department at NIT, Tiruchirappalli
He is a recipient of BOYSCAST Fellowship from
Department of Science and Technology, New Delhi and carried out post-doctoral
research work in the University of Texas at Austin, USA. He also served as a
Visiting Faculty in the Department of Materials Science and Engineering, NTU,
Singapore.
He is also a recipient of the Best Teacher Award
from NIT, Tiruchirappalli for the year 2008-2009. He has guided 5 Ph.D. and 42
M.Tech. Projects in the area of powder metallurgy and nano technology. He has
published / presented more than 85 research papers in the International
Journals / International Conferences / National Journals / National
Conferences.
As a TEQIP Nodal Officer (Academic), he has
motivated faculty members of NIT-T for active participation in various
components of TEQIP project (Phase 1). The performance rating given to NIT-T
was 9.6 out of 10 – the highest among all participating institutes.
He has been actively involved in research work and
brought around 720 lakhs to NIT, Tiruchirappalli through various sponsored
research projects among which a major grant from DST sponsored Nano Mission
Project worth Rs.572 lakhs.
He has organized number of conferences, symposiums
and workshops in the area of powder metallurgy and nano technology.
He is a life member of various professional bodies
such as Indian Society for Technical Education (ISTE), Powder Metallurgy
Association of India (PMAI), The Institution of Engineers - India (IE), Indian
Institute of Metals (IIM) and Materials Research Society of India (MRSI).
He has visited USA, Singapore,
South Korea and France on various research activities.
BRIEF PROFILE OF TI-1E INSTITUTE
Pandit Jawaharlal
Nehru, the architect of Modern India, had conceived and implemented the concept
of Regional Engineering Colleges for technical advancement and promotion of
national integration in the country. He laid the foundation stone for REC
Warangal on 10th October 1959. REC Warangal holds the distinction of
being the first in the series of RECs established in the country. Now elevated
to the status of an NIT, it has the distinction of offering the highest number
of postgraduate courses among NITS. The lnstitute also has the distinction of
having produced more than 360 Ph.Ds, so far.
This reputed institute
has sailed through several phases in its historical journey assimilating newer
experiences, academic as well as administrative, and yet retaining its original
sheen and noble objectives. Established as an affiliate college of Osmania
University (1959), REC Warangal came under the purview of Jawaharlal Nehru
Technological University (1972) with full academic autonomy, a status enjoyed
by a few RECs in the country then. It grew into an affiliate college of
Kakatiya University (1976) and then on, steadily marched towards a University
Status. It was declared a Deemed University in the year 2002. It was
subsequently given the status of lnstitute of National Importance and renamed
as National lnstitute of Technology, Warangal.
During this span
of 50 years of existence, it has become a proud Alma Mater for over
13294 graduates in different branches of technology, 8039 postgraduates and 368
doctorates in technology and science. The alumni of the institute can be found
across the globe adorning very high positions in academics, industry, politics,
administration, research and entrepreneurship, thus creating an international
flavor for the institute. As part of its admission policies today, it draws
students from different parts of the world for its UG, PG and Ph. D programmes
under Direct Admission for Students Abroad (DASA) and other schemes of the
Government of India. It is, thus, becoming an International lnstitute of
excellence, offering quality technical education. In its quest for establishing
a brand image commensurate with its international complexion, it is striving
towards excellence in several areas.
The lnstitute is
presently offering eight undergraduate programmes in Civil, Electrical and
Electronics, Mechanical, Electronics and Communication, Metallurgical,
Chemical, Computer Science and Engineering and Biotechnology Engineering
streams; and twenty nine Postgraduate Programmes in diverse branches of
Engineering and Basic Sciences including MBA and MCA. The lnstitute also offers
Ph.D. programmes in Engineering, Science, and Humanities disciplines.
The lnstitute
strives to set higher standards for itself in imparting technical education,
research and consultancy works. In this direction, several curricular and
administrative reforms have taken place, notable among them being the
introduction of Credit based System of Evaluation.
The lnstitute has
currently ongoing research and other projects sponsored by MHRD and other
agencies such as CSIR, DST, DIT, DRDO, NRB, BRNS etc., to a tune of Rs.2
crores.
The institute has
good infrastructure and it is being further improved under Technical Education
Quality Improvement Programme (TEQIP) funded by the World Bank. The placement
of students through campus interviews during the year 2011-12 has been excellent.
163 organizations visited the campus and 935 students, almost 75% of the
overall intake, have been placed.
The institute is
located in a sprawling area with a residential campus with accommodation for
all students and most of the members of the staff. Hostel facilities are being
further strengthened by creating new hostels as well as renovating the existing
ones. Sports facilities include huge playgrounds, an impressive modern stadium
with a turf wicket for cricket and a national level 400 metre track. The
lnstitute has 18 student clubs and 12 departmental associations, which organize
activities to promote total personality development among students.
The Alumni
Association of the lnstitute is very active with fifteen chapters in various
cities of the country and one chapter in USA. The institute maintains a close
rapport with the Alumni in all matters relating to the institute's progress.
OBJECTIVES
·
To create an educational environment in which
students are prepared to meet the challenges of the modern industry and
society, by equipping them with
Up-to-date
technical knowledge
Analytical and
practical skills
Management
competence
A creative and
innovative approach to work.
·
To strengthen links with industry and commerce
through lasting partnerships focusing on
Curriculum
Development
Training and
Placement
Consultancy and
other services
Research and
Development
·
To provide within the Institute an environment
where the staff are encouraged to maintain intellectual curiosity and improve technical
expertise through continuous staff development programmes.
·
To create conditions in which the institute is
recognized as a self-regulating Prime Centre for Technical Education.
HISTORICAL BACKGROUND
National lnstitute
of Technology, Warangal, formerly known as Regional Engineering College,
witnesses some of the memorable milestones along the triumphant march of the
institute:
|
October 10, 1959 |
Pandit
Jawaharlal Nehru laid foundation stone for the College, the first in the chain of NITS (formerly RECs) in the
country. |
|
November 10, 1959 |
Registration of the Society of regional
Engineering Collage, Warangal |
|
August, 1965 |
Commencement of
UNESCO assistance project. |
|
October, 1972 |
Change of affiliation
of the College from Osmania University to Jawaharlal Nehru Technological
University. Academic autonomy conferred on the College. |
|
August 19, 1976 |
Change of
affiliation of the College from JNTU to Kakatiya University. |
|
July, 1978 |
AlCTE grants the
status of QIP (Quality Improvement Programme) Centre to the Civil Engineering
Department for Ph.D and M.Tech. Programmes |
|
August, 1981 |
Admission into
B.Tech. Through Common Entrance Examination for students from Andhra Pradesh. |
|
January, 1990 |
The College is
selected for assistance under UK-INDIA Project. |
|
April, 1994 |
Commencement of
UK - INDIA RECs Project. |
|
January, 1995 |
Campus LAN
installed |
|
October, 1996 |
Commissioning of
a dedicated Internet connectivity through VSAT dish. |
|
October23-24, 1999 |
40th Foundation Day Celebrations". His Excellency
Dr. C. Rangarajan, Governor of A.P. and General K.V. Krishna Rao (Retd. Chief
of Army Staff) graced the occasion by their presence. |
|
July 20,2001 |
AlCTE grants the
status of QIP (Quality Improvement Programme) Centre to the following
departments: Ph.D. Programme
- Departments of Mechanical Engineering, Chemical
Engineering and Mathematics M.Tech.
Programme - Departments of Electrical Engineering and the Department of
Electronics and Communication Engineering. |
|
July, 2002 |
Board of
Governors resolved to approve the new Memorandum Of Association (MOA) for conversion
of Regional Engineering College, Warangal as National lnstitute of Technology
(NIT), Warangal. |
|
September, 2002 |
Institute
renamed as National Institute of Technology, Warangal and conferred the
status of Deemed University |
|
July, 2003 |
Commencement of
admission of students into B.Tech through AlEEE stream |
|
August, 2003 |
Change over to
IIT Pattern in Curriculum Development and method of evaluation. |
|
June, 2004 |
The Institute receives
an assistance of Rs.114.100 Millions from the World Bank under TEQlP
(Technical Education Quality Improvement Programme) |
|
March 1,2004 |
1st Convocation of NIT Warangal. Prof.
S.K. Joshi, Chairman, Board of Governors, IIT Roorkee and Former Director
General, CSlR delivers the First Convocation address. |
|
January 25,2008 |
Bharath Ratna
Dr. A. P. J. Abdul Kalam, Former President visits Campus during TECHNOZION |
|
|
Honourable
Minister Purandeswari. MHRD inaugurates New Computer Centre and lavs foundation
stone for ultra Me-a a Hostel |
|
October 10,2008 |
NIT (REC) Golden
Jubilee Year Celebrations |
|
December28,2009 |
Inauguration of
the Centre for Innovation and Incubation. |
|
May 27,2011 |
Prof. T. Srinivasa
Rao, has assumes charge as the Director of the institute. It is a happy and
momentous coincidence that he is an alumnus of this institute. |
|
August 27, .2011 |
8th
Convocation of the Institute held at 3.00 PM in the Auditorium, Padmashree
Prof. K.L. Chopra, Former Director, Indian institute of Technology, Kharagpur
was the Chief Guest of the function. |
|
September, 22,
2011 |
Inauguration of
TECHNOZION-I 1 - Prof. Meena, Director General, C-DOC. |
|
January 21,2012 |
9th Convocation
of the lnstitute held at 4.30 PM in the Auditorium, Padmashree Prof. S.K.
Joshi, Former Director General, CSIR, was the Chief Guest of the function. |
|
March 8,2012 |
Inaugural
function of Spring Spree-2012 held at the Institute, Sri Ali and Sri Shiva
Reddy, film actors were Chief Guest (s). |
|
March 21.2012 |
18th
Finance Committee and 23m Board of Governors meeting held. |
ADMINISTRATION
AN OVERVIEW:
The overall
head of the institution is the Director with full financial and administrative
powers. He is assisted by 5 Deans, namely, Dean (Academic Affairs), Dean,
(Faculty Affairs), Dean (Planning and Development), Dean (Research and
Consultancy) and Dean (Students' Affairs). The Chief Warden is the head of the
students' hostels. He is in turn assisted by a team of wardens.
The
Head of the Department looks after all the affairs pertaining to the respective
Department.
The Registrar
is the head of the non-teaching staff of the Institute. He is assisted by
Deputy Registrars and they in turn are assisted by Assistant Registrars.
The
Senate, Hostel Advisory Committee, Games Committee, Scrutiny Committee and
other Committees of the Institute assist the Deans and the Director.
The
Board of Governors constituted by the Government of India is the highest body
that approves and permits all major decisions of the institute.
The
Finance Committee and the Building Works Committee look after the finance and
construction activities of the institute.
CENTRE FOR
INNOVATION AND INCUBATION:
A Centre for Innovation and incubation is already established at the
lnstitute with the following objectives:
1.
To promote greater industry-academic interaction,
by inviting leading industries to set up their research labs at this Centre and
carry out their research projects by using the talent on the campus.
2.
To encourage the first generation entrepreneurs
desirous of R&D partnership with NITW or otherwise to establish their
research labs at this Centre.
3.
To promote innovation projects of B.Tech and M.Tech
students by providing appropriate facilities, infrastructure and financial
assistance.
4.
To facilitate the 'on campus interaction' between
the scientists of industries and faculty and students of NITW in order to
enable orientation of R&D activities of NITW to potential needs of the
industry.
Through this Centre the institute will facilitate the continuous 'On
Campus Interaction' between the Scientists of the Industries and faculty and
students of NITW. The Centre will also contribute to revenue generation
The following
industries have established their research labs so far:
1. MIS Infosys Private Limited, Mysore
2. MIS Future Now lnnosoft Private Limited, Hyderabad
3. MIS Sky elT solutions Private Limited, Hyderabad
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.62.01 |
|
UK Pound |
1 |
Rs.101.78 |
|
Euro |
1 |
Rs.84.68 |
INFORMATION DETAILS
|
Report Prepared
by : |
NKT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
7 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
|
|
|
|
TOTAL |
|
54 |
This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a composite
of weighted scores obtained from each of the major sections of this report. The
assessed factors and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NB |
NEW BUSINESS |
||
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.