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Report Date : |
04.06.2014 |
IDENTIFICATION DETAILS
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Name : |
DR. D. Y. PATIL VIDYAPEETH |
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Registered
Office : |
Sant Tukaram Nagar, Pimpri, Pune – 411018, Maharashtra |
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Country : |
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Date of Incorporation
: |
11.01.2003 |
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Capital
Investment / Paid-up Capital : |
Not Available |
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Legal Form : |
Deemed Education University |
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Line of Business
: |
Subject is act as an educational institution who provide educational services.
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No. of Employees
: |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is a well-established Deemed University comprising of Padmashree
Dr. D. Y. Patil Medical College, Hospital and Research Centre, Pimpri, Pune,
and was accorded the status of university under section 3 of the UGC Act,
1956, dated 11th January, 2003 by the Government of India. The university has been accredited by NAAC with A Grade. Trade relations are fair. Business is active. Payment terms are
reported as usually correct. In view of experience and well educated management, 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.
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 DECLINED
MANAGEMENT NON CO-OPERATIVE
Contact No.: 91-20-27420069
LOCATIONS
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Registered Office : |
Sant Tukaram Nagar, Pimpri, Pune – 411018, Maharashtra, India |
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Tel. No.: |
91-20-27420069/ 156 |
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Fax No.: |
91-20-27420010 |
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E-Mail : |
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Website : |
MANAGEMENT
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Name : |
Dr. Pushpati Nath Razdan |
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Designation : |
Chairman (Vice Chancellor, Dr. D. Y.
Patil Vidyapeeth, Pune) |
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Name : |
Prof. B. M. Hegde |
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Designation : |
Member Former Vice Chancellor,
Manipal University, Manipal, Mangalore |
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Name : |
Dr. C. Bhasker Rao |
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Designation : |
Member Former Director, SDM
College for Dental Sciences, Dharwad Chief
Mentor and Clinical Director, Vasan Dental Care, Bangalore |
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Name : |
Prof. A. M. Pathan |
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Designation : |
Member Vice Chancellor, Central University
of Karnatak, Gulbarga, Former
Vice Chancellor Karnataka University and
Maulana Azad National Urdu University |
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Name : |
Dr. N. K. Chadha |
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Designation : |
Member HOD, Psychology, Arts
Faculty Extension Building University
of Delhi, Delhi-110007, India |
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Name : |
Mr. Somnath P. Pati |
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Designation : |
Member Secretary, Dr. D. Y.
Patil Vidyapeeth Society, Pune |
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Name : |
Dr. M. B. Khetmalas, |
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Designation : |
Member Dean, Faculty of
Biotechnology & Bioinformatics, Dr.
D. Y. Patil Vidyapeeth, Pune |
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Name : |
Dr. Tushar Palekar, |
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Designation : |
Member Dean, Faculty of Allied
Medical Sciences, Dr. D. Y. Patil Vidyapeeth, Pune |
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Name : |
Dr. A. L. Kakrani |
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Designation : |
Member Dean, Faculty of
Medicine, Dr. D. Y. Patil Vidyapeeth, Pune |
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Name : |
Dr. S. R. Dolas |
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Designation : |
Member Dean, Faculty of
Dentistry, Dr. D. Y. Patil Dental College and Hospital, Pimpri, |
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Name : |
Mr. M. S. Phirange |
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Designation : |
Invitee Controller of
Examinations, Dr. D. Y. Patil Vidyapeeth, Pune |
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Name : |
Dr. A. N. Suryakar |
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Designation : |
Secretary Registrar, Dr. D. Y.
Patil Vidyapeeth, Pune |
BUSINESS DETAILS
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Line of Business : |
Subject is act as an educational institution who provide educational
services. |
GENERAL INFORMATION
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Customers : |
Students |
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No. of Employees : |
Not Available |
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Bankers : |
Not Available |
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Facilities : |
-- |
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Banking
Relations : |
-- |
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Auditors : |
Not Available |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Not Available |
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Borrowed : |
Not Available |
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Total : |
Not Available |
FINANCIAL DATA
[All figures are
in Rupees Millions]
NOT AVAILABLE
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
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2] |
Locality of the firm |
Yes |
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3] |
Constitutions of the firm |
Yes |
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4] |
Premises details |
No |
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5] |
Type of Business |
Yes |
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6] |
Line of Business |
Yes |
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7] |
Promoter's background |
No |
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8] |
No. of employees |
No |
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9] |
Name of person contacted |
No |
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10] |
Designation of contact person |
No |
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11] |
Turnover of firm for last three years |
No |
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12] |
Profitability for last three years |
No |
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13] |
Reasons for variation <> 20% |
----- |
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14] |
Estimation for coming financial year |
No |
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15] |
Capital in the business |
No |
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16] |
Details of sister concerns |
No |
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17] |
Major suppliers |
No |
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18] |
Major customers |
No |
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19] |
Payments terms |
No |
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20] |
Export / Import details (if applicable) |
No |
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21] |
Market information |
----- |
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22] |
Litigations that the firm / promoter
involved in |
----- |
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23] |
Banking Details |
No |
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24] |
Banking facility details |
No |
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25] |
Conduct of the banking account |
----- |
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26] |
Buyer visit details |
----- |
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27] |
Financials, if provided |
No |
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28] |
Incorporation details, if applicable |
No |
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29] |
Last accounts filed at ROC |
No |
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30] |
Major Shareholders, if available |
No |
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31] |
Date of Birth of
Proprietor/Partner/Director, if available |
No |
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32] |
PAN of Proprietor/Partner/Director, if
available |
No |
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33] |
Voter ID No of Proprietor/Partner/Director,
if available |
No |
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34] |
External Agency Rating, if available |
No |
UNIVERSITY PROFILE
Dr. D. Y. Patil Vidyapeeth, Pune, comprising
of Padmashree Dr. D. Y. Patil Medical College, Hospital and Research Centre,
Pimpri, Pune, was accorded the status of University under Section 3 of the UGC
Act, 1956, vide Notification No. F.9-39/2001-U.3 dated 11th January 2003 of the
Government of India, Ministry of Human Resource Development, Department of
Secondary and Higher Education, New Delhi, and (ii) Notification No.F6-9/2003
(CPP-I) dated 24/01/2003 by the University Grants Commission, New Delhi.
Education is much more than the mere collection and distribution of
knowledge. It offers intellectual hospitality, opportunities for
innovation, creativity; power of thought and imagination. It envisages
development of character and inculcation of a firmness of mind and zeal to
offer one's best to the world. Education is the means of unfolding moral and
spiritual potentialities of men.
The mission of the Dr. D. Y. Patil
Vidyapeeth, Pune, is "To
contribute to the socio-economic and ethical development of the nation, by
providing high quality education through institutions that have dedicated
faculty and state-of-the-art infrastructure, and are capable of developing
competent professional and liberal-minded citizens".
With this mission the University has been providing high quality education in
the Faculties of Medicine, Dentistry, Allied Medical Sciences, Nursing,
Biotechnology and Bioinformatics, Management and distance learning through
eight institutions. In each programme the University ensures the provision of
high quality education, the pursuit of knowledge and the creation of new ideas.
Though the University started with one constituent unit, i.e. the
Medical College in January 2003, it has now eight constituent
colleges/institutions offering a variety of programmes. These are as follows:
·
Padmashree Dr. D. Y. Patil Medical College,
Hospital and Research Centre, Pimpri, Pune
·
Dr. D. Y. Patil Dental College and Hospital,
Pimpri, Pune
·
Padmashree Dr. D. Y. Patil College of
Physiotherapy, Pimpri, Pune
·
Dr. D. Y. Patil Institute of Optometry and Visual
Sciences, Pimpri, Pune
·
Padmashree Dr. D. Y. Patil College of Nursing,
Pimpri, Pune
·
Dr. D. Y. Patil Biotechnology and Bioinformatics
Institute, Tathawade, Pune
·
Global Business
School and Research Centre, Tathawade, Pune
All these
constituent colleges/institutions have dedicated faculty and state-of-the-art
infrastructure with well-stocked libraries and well-equipped laboratories.
Faculty members are devoted to the promotion of quality education through the
imparting of instruction to students and through dedicated research. Through
quality education we empower the student workforce to look forward confidently
to the future knowing that they have the capabilities to meet the challenges of
today's global environment.
To summarise-
In a short period of seven years, the university has turned out to be a boon to
the students as it
Offers advanced
curricula, keeping in tune with the recent developments in the fields Promotes
for research in the constituent colleges/institutions Ensures timely admissions
through scrupulously planned and executed Entrance Test on all India level and
starts the colleges/institutions early giving sufficient time for teachers to
make full justice to the curricula of the university Provides for
extra-curricular activities Declares results in the shortest possible time
Takes personal care of students.
HIGHLIGHTS
· The Vidyapeeth has been accredited with 'A' Grade by NAAC with a CGPA of 3.08 in September 2009 for the period of five years.
· The Vidyapeeth has well set objectives and goals.
· All the constituent units have a state-of-the-art infrastructure and qualified faculty.
· The Medical College is one of the few colleges in India that was allotted post-graduate seats immediately after the first batch of MBBS students graduated.
· The MBBS degree of the Medical College has been recognized by the Malaysian Medical Council making graduates of the college eligible for registration and practice in Malaysia.
· The Dental College has received 'A' Grade from NAAC in 2007. It was then only the second institution in India to be so graded.
· The BDS degree of the Dental College has been recognized by the Malaysian Dental Council making graduates of the college eligible for registration and practice in Malaysia.
· The University is a Member of Association of Indian Universities (AIU) as well as Association of Commonwealth Universities (ACU).
· The Medical and Dental Colleges have together secured the maximum number of student research projects from the ICMR – 10 in 2006, 33 in 2007, 26 in 2008 and 17 in 2009.
· The University offers diverse spectrum of courses ranging from Diploma to Super Specialty Courses in the Faculty of Medicine and Ph.D. in other faculties.
· Advanced curriculum.
· Formal and informal needs assessment and course evaluations are carried out by the Vidyapeeth.
· Feedback is obtained from academic peers, employers, faculty, students and alumni.
· Group discussions, seminars, journal clubs, case presentations are held regularly to complement traditional class room teachings.
· Faculty development programmes are initiated and utilized.
· Student counselling centre, grievance redressal cell and parent-teacher associations are functioning.
· Student progress is closely monitored and communicated to parents/guardians.
· Necessary ambience is provided to encourage innovation and creativity among students.
· Campuses have got modern Information Communication Technology (ICT) facilities.
· Promotion of Research, Extension and Consultancy activities are encourage.
· Emphasis on all-round professional development among students.
· 1GB internet connectivity for the campus under National Knowledge Network.
PRESS RELEASES
NEW DEEMED TO BE UNIVERSITIES
14th
January, 2003
Dr. D. Y. Patil Vidyapeeth comprising of Padamshree Dr. D. Y. Patil Medical College, Hospital and Research Centre, Pimpri, Pune and Bharath Institute of Science and Technology, Chennai under the ambit of Bharath Institute of Higher Education and Research, Chennai have been declared as Deemed to be Universities.
This status is granted in exercise of the power conferred by
Section 3 of the University Grants Commission Act, 1956 (3 of 1956) and is with
immediate effect.
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 exist to suggest that subject is or was
the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper payments
to government officials for engaging in prohibited transactions or with
designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l Anti-Money
Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws, regulations
or policies that prohibit, restrict or otherwise affect the terms and
conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.21 |
|
UK Pound |
1 |
Rs.99.17 |
|
Euro |
1 |
Rs.80.56 |
INFORMATION DETAILS
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Information
Gathered by : |
JML |
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|
Analysis Done by
: |
SUB |
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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.