|
Report Date : |
11.01.2014 |
IDENTIFICATION DETAILS
|
Name : |
ALLEN CAREER INSTITUTE |
|
|
|
|
Registered
Office : |
CP-6, Indra Vihar, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Year of
Establishment : |
1986 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.200.000 Millions (Estimated) |
|
|
|
|
Legal Form : |
Educational Institute |
|
|
|
|
Line of Business
: |
Educational Institute |
|
|
|
|
No. of Employees
: |
900 (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 |
|
Maximum Credit Limit : |
USD 800000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an institute having satisfactory track record. It is a multitude of educational support programs. It provide
specialise training to students. Business is active. Payments are reported to be usually correct. The institute can be considered normal for business dealings at usual
trade terms and as per commitments. |
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 PARTED BY
|
Name : |
Mr. Satiesh Sharma |
|
Designation : |
Manager |
|
Contact No.: |
91-9460236642 |
|
Date : |
08.01.2014 |
LOCATIONS
|
Registered Office/
Corporate Office : |
CP-6, Indra Vihar, Kota – 324005, Rajasthan, India |
|
Tel. No.: |
91-744-2436001/ 2790790 |
|
Mobile No.: |
91-9460236642 (Mr. Satiesh Sharma) |
|
Fax No.: |
91-744-2435003 |
|
E-Mail : |
|
|
Website : |
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|
Location : |
Owned |
|
|
|
|
Branch Office 1 : |
“Samarth” Cp-14, Indra Vihar, Kota – 324005, Rajasthan, India |
|
Tel. No.: |
91-744-2436001 |
|
|
|
|
Branch Office 2 : |
“Samanvaya” C-210/2, Talwandi, Kota – 324005, Rajasthan, India |
|
Tel. No.: |
91-744-2405004 |
|
|
|
|
Branch Office 3 : |
“Sabal” CP-07, Indra Vihar, Kota – 324005, Rajasthan, India |
|
Tel. No.: |
91-744-2436001 |
|
|
|
|
Branch Office 4 : |
“Safalya” Plot No.: 1, Rajeev Gandhi Nagar, Kota – 324005, Rajasthan, India |
|
Tel. No.: |
91-744-2436001 |
|
|
|
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Branch Office 5 : |
“Saakar” Plot No.: 6, Rajeev Gandhi Nagar, Opposite City Mall, Jhalawar Road Kota – 324005, Rajasthan, India |
|
Tel. No.: |
91-744-2412101 |
|
|
|
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Branch Office 6 : |
"Samayik" Modi College Road, Dadabari, Kota – 324009, Rajasthan, India |
|
|
|
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Branch Office 7 : |
"Savinay" (Millenium Tower), CP-1, Indra Vihar, Kota, Rajasthan, India |
|
|
|
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Branch Office 8 : |
"Sarokar" C-10, Talwandi, Kota, Rajasthan, India |
|
|
|
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Branch Office 9 : |
"Siddh-1" Sco-354-355, Ground Floor, Sector 34-A , Chandigarh – 160022, (UT) India |
|
Tel. No.: |
91-172-5036443 |
|
E-mail : |
|
|
|
|
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Branch Office 10 : |
"Sadhya" Opposite The Grand Bhagwati Behind Patel Avenue, Off S.G. Highway Near Purshottam Bunglow, Bodakdev, Ahmedabad – 380054, Gujarat, India |
|
Tel. No.: |
91-79-40306001 |
|
E-mail: |
|
|
|
|
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Branch Office 11 : |
11, Samachar Jagat Building, Opposite Vidyasharam School, JLN Marg, Jaipur – 302015, Rajasthan, India |
|
E-mail : |
MANAGEMENT
|
Name : |
Mr. Govind Maheshwari |
|
Designation : |
Member |
|
Address: |
Kota – 324005, Rajasthan, India |
|
|
|
|
Name : |
Mr. Rajesh Maheshwari |
|
Designation : |
Member |
|
Address: |
Kota – 324005, Rajasthan, India |
|
|
|
|
Name : |
Mr. Naveen Maheshwari |
|
Designation : |
Member |
|
Address: |
Kota – 324005, Rajasthan, India |
|
|
|
|
Name : |
Mr. Brajesh Maheshwari |
|
Designation : |
Member |
|
Address: |
Kota – 324005, Rajasthan, India |
KEY EXECUTIVES
|
Name : |
Mr. Satiesh Sharma |
|
Designation : |
Manager |
BUSINESS DETAILS
|
Line of Business : |
Educational Institute |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit (30 days) |
|
|
|
|
Purchasing : |
Cash and Credit (30 days) |
GENERAL INFORMATION
|
Customers : |
Retailers |
|
|
|
|
No. of Employees : |
900 (Approximately) |
|
|
|
|
Bankers : |
Central Bank of India, Kota – 324005, Rajasthan, India |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
Not Available |
CAPITAL STRUCTURE
As on: 31.03.2013
|
Capital Investment : |
|
|
Owned : |
Rs.200.000 Millions (Estimated) |
|
Borrowed : |
-- |
|
Total : |
Rs.200.000 Millions (Estimated) |
FINANCIAL DATA
[all figures are
in Rupees Millions]
|
Particulars |
|
31.03.2013 |
31.03.2012 |
|
Sales Turnover (Approximately) |
|
3000.000 |
2500.000 |
|
|
|
|
|
The above information has been parted by Mr. Satiesh Sharma
Note : Sole Proprietory 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 |
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 |
Yes |
|
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 |
PROFILE
ALLEN is a multitude pf educational support programs where for last 25 years, the new standards have been set in academic training. The various areas in which ALLEN currently specializes in training students are:
JEE Division - Aim of this division is to prepare students for Joint Entrance Examination for Engineering like JEE (Main+Advanced), JEE (Main) etc
PRE-MEDICAL Division - Aim of this division is to prepare students for national level pre-medical entrance examinations like NEET-UG, AIlMS etc.
PRE-NURTURE Division - Aim of this division is to build the strong foundation of the students by providing them a three tier training to achieve excellent results in various government Olympiads like NTSE, JSO, NSEPIBICIA, RMO, NMTC and private Olympiads like NSO, IMO, NSTSE, ANCQ etc. It also aims at encouraging participation in national and international events like IRIS (Science Fair), Workshops, Conferences and Seminars. Even, by the proper implementation of the CCE (Continuous and Comprehensive Evaluation), we aim at improving the school results of our I students
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.61.94 |
|
|
1 |
Rs.102.06 |
|
Euro |
1 |
Rs.84.31 |
INFORMATION DETAILS
|
Report Prepared
by : |
VRN |
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.