MIRA INFORM REPORT

 

 

Report Date :

02.01.2013

 

IDENTIFICATION DETAILS

 

Name :

SRI RAMACHANDRA EDUCATIONAL AND HEALTH TRUST

 

 

Registered Office :

1 Ramachandra Nagar, Porur, Chennai – 600116, Tamilnadu

 

 

Country :

India

 

 

Year of Establishment :

1985

 

 

Capital Investment / Paid-up Capital :

Not Available

 

 

Legal Form :

Private Deemed University

 

 

Line of Business :

Run Colleges and Hospitals.

 

 

No. of Employees :

Information declined by the management

 

 

RATING & COMMENTS

 

MIRA’s Rating :

A

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Status :

Good

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

 

 

Comments :

Subject is an established trust having fine track record.

 

The mission of the trust is to provide the best treatment to the masses both rich and poor giving importance to preventive care and also to provide quality education in medical, Paramedical and Nursing. The trust is doing well.

 

Trade relations are reported as fair. Business is active. Payments are reported to be regular and as per commitments.

 

The trust can be considered good for normal business dealings at usual trade terms and conditions.

 

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

 

ECGC Country Risk Classification List – September 30, 2013

 

Country Name

Previous Rating

(30.06.2013)

Current Rating

(30.09.2013)

India

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

INDIAN ECONOMIC OVERVIEW

 

India’s current account deficit narrowed in the quarter ended September as government measures to curb imports, especially gold, kicked in.  The current account deficit, the excess of a country’s imports of goods and services over exports, narrowed to $ 5.2 billion from $ 21 billion in the year ago period, according to provisional Reserve Bank of India data. Finance Minister P. Chidambaram said the CAD for the year will be less than $ 60 billion or 3 per cent of GDP and the latest data suggests the government may achieve the target.

 

India was ranked 94th among the world’s most corrupt nations list. Denmark and New Zealand topped as the cleanest while Somalia emerged as the most corrupt.

 

India’s services sector activity witnessed a moderate improvement in November over the previous month, even while indicating the fifth successive monthly contraction, according the HSBC survey.

 

$53 million estimated losses suffered by India due to phishing attacks during the third quarter, according to a study by RSA. India ranks fourth in the list of nations hit by phishing attacks. The US remained at the top of the charts. Phishing is the process of acquiring information such as user names, passwords and credit card details by sending e-mails disguised as official mails.

 

Rs.4080 million worth of mobile-phone-based transactions by July 2013 compared to Rs.260 million in September, 2012, according to Deloitte report. The number of transactions has shot up from 94000 to 701000.

 

India aims to earn Rs.400000 million from the bandwidth auction set for January. The merger and acquisition guidelines, cleared by a group of ministers, will be out before the auction begins so that players can make informed decisions on the auctions.

 

 

RBI DEFAULTERS’ LIST STATUS

 

Subject’s name is not enlisted as a defaulter in the publicly available RBI Defaulters’ list.

 

EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS

 

Subject’s name is not enlisted as a defaulter in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of 31-03-2012.

 

INFORMATION DECLINED

 

Management Non-Cooperative (91-44-24768027)

 

LOCATIONS

 

Registered Office :

1 Ramachandra Nagar, Porur, Chennai – 600116, Tamilnadu, India

Tel. No.:

91-44-45928533 / 24768027 /29

Fax No.:

Not Available

E-Mail :

mediarelations@sriramchandra.edu.in

Website :

www.sriramachandra.edu.in

 

 

Management

 

 

MEMBERS OF THE BOARD OF MANAGEMENT

Name :

Dr. J.S.N. Murthy

Designation :

Chairman, Vice-Chancellor

Address :

Sri Ramachandra University, Porur, Chennai – 600 116, Tamilnadu, India

 

 

Name :

Dr. K.V. Somasundaram

Designation :

Dean of Facultie

Address :

Sri Ramachandra University, Porur, Chennai – 600 116, Tamilnadu, India

 

 

Name :

Dr. S.P. Thyagarajan

Designation :

Professor of Eminence and Dean (Research)

Address :

Sri Ramachandra University, Porur, Chennai – 600 116, Tamilnadu, India

 

 

Name :

Dr. Lalji Singh

Designation :

Vice-Chancellor

Address :

Banaras Hindu University, Varanasi – 221 005, Uttar Pradesh, India

 

 

Name :

Dr. A.K. Agarwal

Designation :

Professor of E.N.T

Dean (Additional Director General of Health Sciences)

Address :

Maulana Azad Medical College G. B. Pant, L. N. GNEC and CNBC Hospitals Bahadur Shah zafar Marg, New Delhi – 110 002, India

 

 

Name :

Dr. Phoola Kaul Dhar

Designation :

(Govt. of India Nominee)

Address :

96/1, Channi Himmat, Jammu Tawi – 180015, Jammu and Kashmir, India

 

 

Name :

Mr. K.Raghavendra Rao

Designation :

(Nominee of Sponsoring Trust), Chairman and Managing Director

Address :

Orchid Chemicals and Pharmaceuticals Limited 'Orchid Towers' No.313, Valluvar Kottam High Road Nungambakkam, Chennai – 600034, Tamilnadu

 

 

Name :

Dr. S. Anandan

Designation :

Dean, SRMC and RI

Address :

Sri Ramachandra University Porur, Chennai - 600 116, Tamilnadu, India

 

 

Name :

Dr. Arun B. Chittaranjan

Designation :

Vice-Principal, Professor and Head, Dept. of Orthodontics

Address :

Sri Ramachandra Dental College Sri Ramachandra University Porur, Chennai - 600 116, Tamilnadu, India

 

 

Name :

Thiru. N.Natarajan

Designation :

Registrar

Address :

Sri Ramachandra University Porur, Chennai – 600 116, Tamilnadu, India

 

 

MEMBERS OF THE ACADEMIC COUNCIL

 

 

Name :

Dr. J.S.N. Murthy,

Designation :

Chairman, Vice – Chancellor

Address :

Sri Ramachandra University, Porur, Chennai - 600 116, Tamilnadu, India

 

 

Name :

Dr. S.P.Thyagarajan

Designation :

Pro-Chancellor (Research)

Address :

Sri Ramachandra University, Porur, Chennai - 600 116, Tamilnadu, India

 

 

Name :

Dr. K.V.Somasundaram

Designation :

Dean of Faculties

Address :

Sri Ramachandra University, Thiruvananthapuram - 695 014, Kerala, India

 

 

Name :

Dr. W.Selvamurthy

Designation :

Distinguished Scientist and Chief Controller Research and Development

Address :

Defence Research and Development Organisation,  Ministry of Defence, Govt. of India 201 DRDO Bhawan, New Delhi – 110011, India

 

 

Name :

Dr. C.S.Bhaskaran

Designation :

(Former Vice-Chancellor, Dr. NTR University of Health Sciences)

Address :

No. 17, Radhika Colony West Maredpally, Hyderabad, Andhra Pradesh, India

 

 

Name :

Dr. K. Balaji Singh

Designation :

Chairman

Address :

Sri Ramachandra University, Porur, Chennai – 600 116, Tamilnadu, India

 

 

Name :

Dr. B.Rajasekar

Designation :

Dean

Address :

College of Allied Health Sciences Manipal University Manipal – 576 119

 

 

Name :

Dr. D. Chamundeeswari

Designation :

Principal

Address :

Sri Ramachandra College of Pharmacy Sri Ramachandra University Porur, Chennai - 600 116, Tamilnadu, India

 

 

Name :

Dr. I. Venkateswara Rao

Designation :

Vice-Chancellor

Address :

NTR University of Health Sciences, NH5 Frontage Road Vijayawada - 520008, Andhra Pradesh, India

 

 

Name :

Dr. Prasanna Baby

Designation :

Principal

Address :

Sri Ramachandra College of Nursing, Sri Ramachandra University, Porur, Chennai - 600 116, Tamilnadu, India

 

 

Name :

Dr. J. Balachander

Designation :

Director 

Professor and Head, Dept. of Cardiology JIPMER

Address :

Dhanvantri Nagar, Puducherry – 605 006, India

 

 

Name :

Prof. N. Venkatesh

Designation :

Principal and Professor

Address :

Sri Ramachandra College of Physiotherapy Sri Ramachandra University Porur, Chennai - 600 116, Tamilnadu, India

 

 

Name :

Dr. A.Sivaniah

Designation :

Professor and Head

Address :

Sri Ramachandra College of Management Sri Ramachandra University Porur, Chennai - 600 116, Tamilnadu, India

 

 

Name :

Dr. P.V. Vijayaraghavan

Designation :

Director (Acad. Admn.) and Dean Education

Professor of Orthopaedics

Address :

Sri Ramachandra College of Management Sri Ramachandra University Porur, Chennai - 600 116, Tamilnadu, India

 

 

Name :

Dr. Venkata Sai

Designation :

Professor and Head

Dept. of Radiology 

Address :

Sri Ramachandra College of Management Sri Ramachandra University Porur, Chennai - 600 116, Tamilnadu, India

 

 

Name :

Dr. P. Sampath Kumar

Designation :

Vice-Principal and Professor and Head Dept. of Forensic Medicine, SRMC and RI 

Address :

Sri Ramachandra College of Management Sri Ramachandra University Porur, Chennai - 600 116, Tamilnadu, India

 

 

Name :

Dr. N. Sanjeeva Reddy

Designation :

Professor and Head 

Dept. of Reproductive Medicine, SRMC and RI 

Address :

Sri Ramachandra College of Management Sri Ramachandra University Porur, Chennai - 600 116, Tamilnadu, India

 

 

Name :

Dr. Mahesh Vakamudi

Designation :

Professor and Head 

Dept. of Anaesthesiology 

Address :

Sri Ramachandra College of Management Sri Ramachandra University Porur, Chennai - 600 116, Tamilnadu, India

 

 

Name :

Dr. S. Manjunath

Designation :

Professor and Head 

Dept. of General Medicine 

Address :

Sri Ramachandra College of Management Sri Ramachandra University Porur, Chennai - 600 116, Tamilnadu, India

 

 

Name :

Dr. A. Ravi Kumar

Designation :

Professor and Head

Address :

Department of E.N.T, SRMC and RI Sri Ramachandra University Porur, Chennai - 600 116, Tamilnadu, India

 

 

Name :

Dr. T.S. Lokeswari

Designation :

Professor and Head 

Dept. of Biotechnology 

Address :

Sri Ramachandra College of Management Sri Ramachandra University Porur, Chennai - 600 116, Tamilnadu, India

 

 

Name :

Dr. A. Ravi

Designation :

Professor 
Dept. of General Surgery

Address :

Sri Ramachandra College of Management Sri Ramachandra University Porur, Chennai - 600 116, Tamilnadu, India

 

 

Name :

Dr. D. Prathiba

Designation :

Professor 
Dept. of Pathology 

Address :

Sri Ramachandra College of Management Sri Ramachandra University Porur, Chennai - 600 116, Tamilnadu, India

 

 

Name :

Dr. Samuel Chittaranjan

Designation :

Professor and Head 

Dept. of Orthopaedics 

Address :

Sri Ramachandra College of Management Sri Ramachandra University Porur, Chennai - 600 116, Tamilnadu, India

 

 

Name :

Dr. B.W.C. Sathiyasekaran

Designation :

Professor

Address :

Department of Community Medicine, SRMC and RI Sri Ramachandra University Porur, Chennai - 600 116, Tamilnadu, India

 

 

Name :

Dr. C. Ravindran

Designation :

Professor and Head 

Dept. of Oral and Maxillofacial Surgery

Address :

Sri Ramachandra Dental College, Sri Ramachandra University, Porur, Chennai – 600 116, Tamilnadu, India

 

 

Name :

Prof. Roopa Nagarajan

Designation :

Professor and Course Chairperson 

Dept. of Speech, Language and Hearing Sciences 

Address :

Sri Ramachandra Dental College, Sri Ramachandra University, Porur, Chennai – 600 116, Tamilnadu, India

 

 

Name :

Dr.O.S.Ravindran

Designation :

Assoc. Professor 

Dept. of Clinical Psychology 

Address :

Sri Ramachandra Dental College, Sri Ramachandra University, Porur, Chennai – 600 116, Tamilnadu, India

 

 

MEMBERS OF THE FINANCE COMMITTEE

 

 

Name :

Dr. J.S.N. Murthy, Chairman

Designation :

Vice – Chancellor

Address :

Sri Ramachandra University Porur, Chennai - 600 116, Tamilnadu, India

 

 

Name :

Mr. N.Natarajan

Designation :

Registrar

Address :

Sri Ramachandra University Porur, Chennai - 600 116, Tamilnadu, India

 

 

Name :

Dr.  S. Thanikachalam

Designation :

Chairman and Director

Address :

Cardiac Care Centre Sri Ramachandra University Porur, Chennai - 600 116, Tamilnadu, India

 

 

Name :

Mr. J. Ravi Sankar

Designation :

Secretary -Finance Committee

Address :

Chief Financial Officer Sri Ramachandra University Porur, Chennai - 600 116, Tamilnadu, India

 

 

Name :

Dr. A. Sankara Reddy (Nominee of Govt. of India)

Designation :

Vice-Chancellor Rai University 

Address :

Post Saroda, Dholka Taluka, District Ahmedabad – 382260,
Gujarat, India

 

 

MEMBERS OF THE PLANNING AND MONITORING BOARD

 

 

Name :          

Dr. J.S.N. Murthy, Chairman

Designation :

Vice – Chancellor

Address :

Sri Ramachandra University Porur, Chennai - 600 116, Tamilnadu, India

 

 

Name :

Dr. S.P.Thyagarajan

Designation :

Pro-Chancellor (Research)

Address :

Sri Ramachandra University, Porur, Chennai - 600 116, Tamilnadu, India

 

 

Name :

Prof. R.C. Deka (UGC nominee)

Designation :

Director

Address :

All India Institute of Medical Sciences Ansari Nagar, New Delhi -110 029, India

 

 

Name :

Mr. N.Natarajan

Designation :

Registrar

Address :

Sri Ramachandra University Porur, Chennai - 600 116, Tamilnadu, India

 

 

Name :

Dr.  S. Thanikachalam

Designation :

Chairman and Director

Address :

Cardiac Care Centre Sri Ramachandra University Porur, Chennai - 600 116, Tamilnadu, India

 

 

Name :

Dr. Balakrishnamurthy

Designation :

Director, IIBAT

Address :

International Institute of Biotechnology and Toxicology (IIBAT), Padappai,  District Kancheepuram  - 601 301

 

 

Name :

Dr. Balu N. Balasubramanian

Address :

Pharma Innovation Sourcing Center LLC 105, Perry Lane, Wrightstown, PA 18940, USA

 

 

Name :

Dr. V. I. Mathan

Designation :

Hon. Advisor / Consultant to NIE, ICMR

Address :

Flat No.4, "Shanthi", No.15, 2nd Avenue Harrington Road, Chetpet, Chennai - 600 031, Tamilnadu, India

 

 

Name :

Dr. Sasikeran

Designation :

Director

Address :

National Institute of Nutrition Jamai Osmania P O Hyderabad - 500 007, Andhra Pradesh, India

 

 

Name :

Dr. S.Anandan

Designation :

Dean, SRMC and RI

Address :

Sri Ramachandra University Porur, Chennai - 600 116, Tamilnadu, India

 

 

Name :

Dr. Mahesh Vakamudi

Designation :

Chief Operating Officer

Address :

Sri Ramachandra Medical Centre Sri Ramachandra University Porur, Chennai - 600 116, Tamilnadu, India

 

 

Name :

Dr. K. Balaji Singh

Designation :

Professor

Address :

Department of General Surgery Sri Ramachandra University Porur, Chennai - 600 116, Tamilnadu, India

 

 

Name :

Dr. R. Suresh

Designation :

Dean

Address :

Sri Ramachandra Dental College and Hospital Sri Ramachandra University Porur, Chennai - 600 116, Tamilnadu, India

 

 

Name :

Dr. J. Damodharan

Designation :

Medical Director

Address :

Sri Ramachandra Medical Centre Sri Ramachandra University Porur, Chennai - 600 116, Tamilnadu, India

 

 

Name :

Mr. J. Ravisankar

Designation :

Chief Financial Officer

Address :

Sri Ramachandra University Porur, Chennai - 600 116, Tamilnadu, India

 

 

BUSINESS DETAILS

 

Line of Business :

Run Colleges and Hospitals

 

 

GENERAL INFORMATION

 

No. of Employees :

Information declined by the management

 

 

Bankers :

Indian Bank, Sri Ramachandara University Campus, Extension Counters, 1 Ramachandra Nagar, Porur, Chennai 600116, Tamilnadu, India

 

 

 

Banking Relations :

---

 

 

Auditors :

Not Available

 

 

CAPITAL STRUCTURE

 

Capital Investment :

 

Owned :

Not Divulged

Borrowed :

Not Divulged

Total :

Not Divulged

 

 

FINANCIAL DATA

[all figures are in Rupees Millions]

 

NOT DIVULGED

 

Note : Sole Proprietary and Partnership concerns are exempted from filing their financials with the Government Authorities or Registry.

 

 

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

Yes

8]

No. of employees

No

9]

Name of person contacted

No

10]

Designation of contact person

No

11]

Turnover of firm for last three years

No

12]

Profitability for last three years

No

13]

Reasons for variation <> 20%

----------------------

14]

Estimation for coming financial year

No

15]

Capital in the business

No

16]

Details of sister concerns

No

17]

Major suppliers

No

18]

Major customers

No

19]

Payments terms

No

20]

Export / Import details (if applicable)

No

21]

Market information

----------------------

22]

Litigations that the firm / promoter involved in

----------------------

23]

Banking Details

Yes

24]

Banking facility details

No

25]

Conduct of the banking account

----------------------

26]

Buyer visit details

----------------------

27]

Financials, if provided

No

28]

Incorporation details, if applicable

No

29]

Last accounts filed at ROC

No

30]

Major Shareholders, if available

No

31]

Date of Birth of Proprietor/Partner/Director, if available

No

32]

PAN of Proprietor/Partner/Director, if available

No

33]

Voter ID No of Proprietor/Partner/Director, if available

No

34]

External Agency Rating, if available

No

 

 

PROFILE

 

Sri Ramachandra Medical College and Research Institute was established by subject in the year 1985 as a private notfor-profit self-financing institution and dedicated to serve the society as a centre of excellence with emphasis on medical education, research and health care. In view of its academic excellence, the Government of India declared Sri Ramachandra Medical College and Research Institute as a Deemed University in September, 1994 under Section 3 of the University Grants Commission Act, 1956. As notified by the UGC, the nomenclature of the institution has been changed to Sri Ramachandra University in 2006. The Trust achieved the task of establishing this Institution as a "Centre of Excellence" under the leadership of Late Shri.N.P.V.Ramasamy Udayar who was the Founder and Managing Trustee of the Trust and also the first Chancellor of the Deemed University. Shri. V.R. Venkataachalam is currently the Chancellor of the University and is also the Managing Trustee of the Trust.

 

Over two decades, the institute has transformed into a full fledged university with nine constituent colleges/faculties and around 100 courses in the health care sciences. Nearly 4000 students receive teaching and training within the University campus. Over 3500 patients seek health care in the state of the art academic medical centre.

 

The National Assessment and Accreditation Council, the accrediting body of the UGC, has accredited Sri Ramachandra University with "A" Grade with a CGPA of 3.52 on a 4-point scale, the highest to be awarded to a private medical University in India.

 

The Joint Commission International (JCI) has accredited the University teaching hospital, the first teaching hospital in India to obtain such accreditation from JCI.

 

The Medical Council of India (MCI) has recognized and upgraded the Regional Centre in Medical Education Technologies, Sri Ramachandra Medical College and Research Institute, Sri Ramachandra University, as a Nodal Centre to conduct both Basic and Advance course in Medical Education Technologies.

 

The WHO has designated Sri Ramachandra Medical College and Research Institute as a WHO Collaborating Centre for Research and Training in Occupational Health.

 

The Atomic Energy Regulatory Board (AERB) has accredited the Biodosimetry lab of the Department of Human Genetics for assessment of personnel radiation exposure and related studies, the only non-governmental institution to have achieved such accreditation.

 

 

FOUNDER PROFILE

 

Shri NPV Ramasamy Udayar was born on September 19, 1936, in a small town in the current Namakkal district of Tamil Nadu called Rasipuram. His meteoric rise as an industrialist was propelled by an astute business sense but even more important an untiring spirit and hard work. In the early eighties Mr. Udayar was a highly successful industrialist, respected by his colleagues, and admired even by his competitors. He felt that there was an unfulfilled aspiration in his heart; a desire to create something that will be a lasting benefit to the community; this desire kept burning like a fire in his heart.

 

The dream took form with the help of the then Chief Minister of Tamil Nadu - Bharat Ratna Dr. M.G. Ramachandran. Out of this partnership birthed the plans for the first privately owned medical college in Tamil Nadu.

 

On September 11th 1985, Sri Ramachandra Medical College was started in a two storey building in Vembuliamman Street in Valasaravakkam. The first outpatient clinic in a make shift shed. The next few years saw the true grit of the man- his blood sweat and toil saw the creation of a world class campus out of a 150 acres of farmland near the Porur lake.

 

1994 was a landmark year for SRMC. The college became a deemed to be university - a world class tertiary care medical centre took root. Seeds for specialties were sown. In this substrate of hard work grew institutions committed to advancing the best in the health care sciences - in dentistry and nursing and physiotherapy.

 

It was not just growth but growth with innovation as epitomized by the allied health science program and growth with vision as epitomized by the programs in genetics and biotechnology and informatics.

 

Throughout its short history SRMC has made its own path, creating unique ground breaking programs in the health care sciences. But this is only one of the many dimensions of this organisation.

 

SRMC went to the best medical school in the world to acquire its partner in excellence. In July 1997, Shri N.P.V. Ramasamy Udayar shook hands with Robert Crone CEO of Harvard Medical International, sealing a partnership that has grown in strength over time.

Starting with student exchange the alliance has spearheaded curriculum reform, focused on health care quality, safety, leadership and faculty development.

 

A journey is measured by the friends we make - SRMC has made many friends and partners around the world during its journey.

 

The torch was passed in 1998. The journey did not end - it continued through steps some times and leaps at others. SRMC is now one of the largest private health care infrastructures in India. Today, SRMC has over 750 faculties and three thousand students; it touches the lives of over 3500 patients each day; through its telemedicine network it reaches over 10 centres in the country; through its international wing SRHI, its reaching out to the global village; it is in the forefront of cutting edge technology - with a wireless campus, computer assisted learning, and keyhole surgery.

 

SRMC looks to the future today - with inspiration from its past; and the strength of its present guided by the vision and blessing of its founder and driven by a passion for excellence.

 

 

 

 


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 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.61.93

UK Pound

1

Rs.102.39

Euro

1

Rs.85.12

 

 

INFORMATION DETAILS

 

Information Gathered by :

SVA

 

 

Report Prepared by :

NTH

 


 

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

-

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

 

--

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

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