|
Report Date : |
07.06.2014 |
IDENTIFICATION DETAILS
|
Name : |
LABORATORY FOR ELECTRO OPTICS SYSTEMS |
|
|
|
|
Registered
Office : |
A-6, Peenya Industrial Estate, Bangalore – 560058, Karnataka |
|
|
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Country : |
|
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|
|
|
Date of
Incorporation : |
June, 1972 |
|
|
|
|
Legal Form : |
Government Department |
|
|
|
|
Line of Business
: |
Subject is a Government of India undertaking engaged in design,
development and production of electro optic sensors and camera optics for
satellites and launch vehicles. |
|
|
|
|
No. of Employees
: |
Not Divulged |
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 a Government of India undertaking engaged in design,
development and production of electro optic sensors and camera optics for
satellites and launch vehicles having good track record. Mr. Amresh Accounts head denied to part any information about the
subject. However, trade relations are reported as fair. Business is active.
Payment terms are reported to be regular and as per commitments. Since subject is a government company it 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 – March 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
US investment bank
Goldman Sachs has upgraded its outlook on Indian markets as it expects
positive impact of the election cycle.
India’s economy may grow
4.7 % in the current financial year, lower than the official estimate of 4.9 %,
Fitch Rating said. The global rating agency expects the economy to pick up in
the next two financial years.
Global ratings
agency Standard & Poor said increasing focus by India Inc on lowering debt
is likely to improve their credit profiles.
Singapore (1.1
million Indian tourists in 2012), Thailand (one million), the United Arab
Emirates ().98 million) and Malaysia ().82 million) emerged as the preferred
holidays hotspots for Indians. The total figure is expected to increase to 1.93
million by 2017, according to the latest Eurmonitor international report.
There is a $29.34 bn
outward foreign direct investment by domestic companies between April and
January of 2013/14 which has seen some signs of recovery according to a Care
Ratings report.
There are 264 number
of new companies being set up every day on average during 2014. Most of them
are registered in Mumbai. India had 1.38 million registered companies at the
end of January, 2014.
Twitter like
messaging service Weibo Corporation has filed to raise $ 500 million via a US
initial public offering. Alibaba, which owns a stake in Weibo is expected to
raise about $ 15 billion New York this year in the highest profile Internet IPO
since Facebook’s in 2012.
Bharti Airtel has
raised Rs.2,453.2 crore (350 million Swiss Francs) by selling six-year bonds at
a coupon rate of three per cent and maturing in 2020. This is the largest ever
bond offering by an Indian company in Swiss Francs. Bharat Petroleum
Corporation raised 175 million Swiss Francs by selling five year bonds at 2.98
% coupon rate in February.
Indian Oil
Corporation plans to invest Rs 7650 crore in setting up a petrochemical complex
at its almost complete Paradip refinery in Odhisha in three to four years. The
company board is set to consider the setting up of a 700000 tonne per annum
polypropylene plant at an estimated cost at Rs.3150 crore.
Global chief
information officers at gathering in Bangalore in April to meet Indian startups
at an event called Tech50 Watchout for Little Eye Labs-Facebook type deals in
the making.
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
INFORMATION DENIED BY
|
Name : |
Mr. Amresh |
|
Designation : |
Accounts Head |
|
Contact No.: |
91-80-28377676 |
|
Date : |
27.05.2014 |
LOCATIONS
|
Registered Office : |
A-6, Peenya Industrial Estate, Bangalore – 560058, Karnataka, India |
|
Tel. No.: |
91-80-28377676 |
|
Fax No.: |
Not Available |
|
E-Mail : |
MANAGEMENT
|
Name : |
Dr. K. Radhakrishnan |
|
Designation : |
Chairman |
DIRECTOR
|
Name : |
Mr. Amresh |
|
Designation : |
Accounts Head |
|
|
|
|
Name : |
Mr. Antariksh Bhavan |
|
Designation : |
Director – Publications and Public Relations |
|
Address : |
New Bel Road, Bangalore – 560094, Karnataka, India |
|
Tel. No. : |
91-80-23415275 /
23415474 |
|
Fax : |
91-80-23412253 |
BUSINESS DETAILS
|
Line of Business : |
Subject is a Government of India undertaking engaged in design,
development and production of electro optic sensors and camera optics for
satellites and launch vehicles. |
GENERAL INFORMATION
|
No. of Employees : |
Not Divulged |
|
|
|
|
Bankers : |
State Bank of India |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
Not Divulged |
FINANCIAL DATA
[all figures are
in Rupees Millions]
No financials are available for such Government owned department.
LOCAL AGENCY FURTHER INFORMATION
INTRODUCTION
space activities in the country started during early 1960s
with the scientific investigation of upper atmosphere and ionosphere over the magnetic
equator that passes over Thumba near Thiruvananthapuram using small sounding
rockets Realising the immense potential of space technology for national
development, Dr. Vikram Sarabhai, the
visionary leader envisioned that this powerful technology could play a
meaningful role in national development and solving the problems of common man.
Thus, Indian Space programme born in the church beginning,
space activities in the country, concentrated on achieving self reliance and
developing capability to build and launch communication satellites for
television broadcast, telecommunications and meteorological applications;
remote sensing satellites for management of natural resources.
The objective of ISRO is to develop space technology and its
application to various national tasks. Accordingly, Indian Space Research
Organisation (ISRO) has successfully operationalised two major satellite
systems namely Indian National Satellites (INSAT) for communication services
and Indian Remote Sensing (IRS) satellites for management of natural resources;
also, Polar Satellite Launch Vehicle (PSLV) for launching IRS type of
satellites and Geostationary Satellite Launch Vehicle (GSLV) for launching
INSAT type of satellites.
LABORATORY
FOR ELECTRO-OPTIC SYSTEMS
The Space Commission
formulates the policies and oversees the implementation of the Indian space
programme to promote the development and application of space science and
technology for the socio-economic benefit of the country. DOS implements these
programmes through, mainly Indian Space Research Organisation (ISRO), Physical
Research Laboratory (PRL), National Atmospheric Research Laboratory (NARL),
North Eastern-Space Applications Centre (NE-SAC) and Semi-Conductor Laboratory
(SCL). The Antrix Corporation, established in 1992 as a government owned
company, markets the space products and services
Subject is engaged in design, development and production of
Electro-Optic sensors and camera optics for satellites and launch vehicles. The
sensors include star trackers, earth sensors, sun sensors & processing
electronics. Optics Systems include both reflective and refractive optics for
remote sensing and meteorological payloads. Other optical elements developed by
LEOS for in-house use include optics for star sensor, optics for Lunar Laser
Ranging Instrument (LLRI), optical masks for sun sensors, optical filters and
encoders.
Subject is actively involved in the development of new technologies for present
/ future satellites. This includes development active pixel sensor star
tracker, Charge Coupled Device (CCD) based star tracker, Fiber Optics Gyro,
Optical inter satellite link, high resolution camera optics, optical coatings
and MEMS devices (magnetometer, accelerometer etc.). LEOS is situated at Peenya
Industrial Estate, Bangalore where the first Indian Satellite Aryabhata was
fabricated in 1975.
OUR
CHAIRMAN
Dr. K. Radhakrishnan; the current Chairman of Space
Commission, Secretary, Department of Space, Government of India and Chairman of
ISRO; is a technocrat par excellence; a dynamic and result-oriented Manager
with very fine personal and inter-personal qualities; an astute Institution-builder
with a strategic vision; an able Administrator with a positive attitude; and an
inspiring Leader credited with nurturing leadership skills in the younger
generation. He has had a distinguished career adorned with accomplishments that
spans beyond 40 years in space technology, applications and space programme
management.
Dr. Radhakrishnan was born on 29 August, 1949 at
Irinjalakuda, Kerala. He graduated in Electrical Engineering from Kerala
University (1970), completed his PGDM from IIM Bangalore (1976) and was awarded
Doctorate for his thesis titled “Some Strategies for Indian Earth Observation
System” from IIT Kharagpur (2000).
Starting his career as an Avionics Engineer in 1971 at ISRO’s Vikram Sarabhai
Space Centre, Trivandrum; he commendably held several decisive positions in
ISRO such as Project Director for setting up Regional Remote Sensing Centers
(1987-89); Director of Budget & Economic Analysis for entire ISRO
(1987-97); Director of National Natural Resources Management System-Regional
Remote Sensing Service Centers (1989-97); Mission Director of Integrated
Mission for Sustainable Development and Deputy Director of National Remote
Sensing Agency (1997-2000); Director of National Remote Sensing Agency
(2005-08); Director of Vikram Sarabhai Space Centre (2007-09); and Member,
Space Commission (October 2008-October 2009)) with some responsibilities in
concurrence. During 2000-05 he had a stint in the Ministry of Earth Sciences as
the Founder Director of Indian National Centre for Ocean Information Services
and the first Project Director of Indian National Tsunami Warning System. He
also held several important positions at the international level including Vice
Chairman of Intergovernmental Oceanographic Commission (2001-05), Founder Chairman
of Indian Ocean Global Ocean Observing System (2001-06) and Chairman of the
Working Group of the Whole UN-COPUOS STSC (2008-2009).
GENERAL
INFORMATION
Subject is working under the overall umbrella of ISAC and carries out research and development in the field of electro-optic sensors and systems required for satellites.
ISAC at
It is under the control and management of Department of Space (DOS), Government of India whose details are given as under:
Department of Space was established in June 1972. The primary objective of the Department of Space is to promote the development and application of space science and technology for the socio-economic benefit of the nation. The Space Commission and DOS were set up in 1972 to formulate and implement space policies in the country.
With this end in view, Department of Space has evolved the following programmes:
Launch Vehicle programme having indigenous capability for launching spacecraft INSAT programme for telecommunications, broadcasting, meteorology, developmental education, etc. Remote Sensing programme for application of satellite imagery for various developmental purposes and Research and Development in Space Sciences and Technology for sub serving the end of applying them for national development.
The space programme is executed through an Indian Space Research Organisation (ISRO), the National Remote Sensing Agency (NRSA), and the Physical Research Laboratory (PRL), the National Mesosphere-Stratosphere-Troposphere Radar Facility (NMRF), the North Eastern Space Applications Centre (NE-SAC) and other agencies. The Antrix Corporation, a wholly owned Government company, which was established in the year 1992, is engaged in commercial marketing of space products and services. The establishment of space systems and their utilisation are co-ordinated by national level committees, namely, the INSAT Co-ordination Committee (ICC), Planning Committee of National Natural Resources Management System (PC-NNRMS) and Advisory Committee on Space Sciences (ADCOS).
The Secretariat of DOS and the Headquarters of ISRO are
located at Antariksh Bhavan in
The major establishment of Department of Space are as under:
Vikram Sarabhai Space Centre
ISRO Satellite Centre (ISAC)
SHAR Centre (SHAR)
Liquid Propulsion Systems Centre (LPSC)
Space Application Centre (SAC)]
Development and Educational Communication Unit (DECUO)
ISRO Telemetry, Tracking and Command Network (ISTRAC)
Master Control Facility (MCF)
ISRO Inertial Systems Unit
National Remote Sensing Agency (NRSA)
Physical Research Laboratory (PRL)
National Mesosphere-Strato-sphere-Troposphere Radar Facility (NMRF)
Lead centre for satellite technology. Activities cover digital systems, power systems, communication and microwave systems, spacecraft assembly integration and testing, structures, thermal, spacecraft mechanisms, control systems, spacecraft mission planning and analysis, computers and information, systems reliability and space physics.
Facilities include fabrication and test facilities for satellite projects.
Laboratory for Electro-Optic Sensors (LEOS) works under the overall umbrella of ISAC.
Achievements include design and development of 26 satellites so far of various types like scientific, communication and remote sensing. IRS-P5, IRS-P6, INSAT-3 and G-SAT are current projects.
Indian space programme driven by vision of Dr Vikram Sarabhai considered as the father of Indian Space Programme.
"There are some who question the relevance of space activities in a developing nation. To them, there is no ambiguity of purpose. They do not have the fantasy of competing with the economically advanced nations in the exploration of the moon or the planets or manned space-flight. But they are convinced that if they are to play a meaningful role nationally, and in the community of nations, they must be second to none in the application of advanced technologies to the real problems of man and society. "
Government of
Main objective of space programme includes development of satellites, launch vehicles, Sounding Rockets and associated ground systems.
Crossed several major milestones.
Experimental phase included Satellite Instructional Television Experiment (SITE), Satellite Telecommunication Experiment (STEP), remote sensing application projects, satellites like Aryabhata, Bhaskara, Rohini and APPLE and launch vehicles, SLV-3 and ASLV.
Present operational space systems include Indian National Satellite (INSAT) for tele-communication, television broadcasting, meteorology and disaster warning and Indian Remote Sensing Satellite (IRS) for resources monitoring and management.
Polar Satellite Launch Vehicle (PSLV) used for launching IRS Satellites and Geosynchronous Satellite Launch Vehicle (GSLV), intended for launching INSAT class of satellites.
Space Science activities include SROSS and IRS-P3 satellites, participation in international science campaigns and ground systems like MST Radar.
ISRO's co-operative arrangements cover several countries and space agencies.
ISRO provides training in space field to personnel from other countries.
ISRO's hardware and services available commercially through Antrix Corporation.
ISRO SATELLITE CENTRE (ISAC)
ISAC at
Laboratory for Electro-Optic Systems (LEOS) at
MILESTONES
|
2005 |
Successful launch of INSAT-4A by Ariane from Kourou French Guyana,
(December 22, 2005). ISRO's Polar Satellite Launch Vehicle, PSLV-C6, successfully
launched CARTOSAT-1 and HAMSAT satellites from Sriharikota ( |
|
2004 |
The first
operational flight of GSLV (GSLV-F01) successfully launched EDUSAT from SDSC
SHAR, Sriharikota ( |
|
2003 |
ISRO's Polar
Satellite Launch Vehicle, PSLV-C5, successfully launched RESOURCESAT-1
(IRS-P6) satellite from Sriharikota ( Successful launch
of INSAT-3E by Ariane from Kourou French Guyana, (September 28, 2003). The Second
developmental launch of GSLV-D2 with GSAT-2 on board from Sriharikota ( Successful launch
of INSAT-3A by Ariane from Kourou French Guyana, (April 10, 2003). |
|
2002 |
ISRO's Polar Satellite
Launch Vehicle, PSLV-C4, successfully launched KALPANA-1 satellite from
Sriharikota ( Successful launch
of INSAT-3C by Ariane from Kourou French Guyana, (January 24, 2002). |
|
2001 |
ISRO's Polar
Satellite Launch Vehicle, PSLV-C3, successfully launched three satellites --
Technology Experiment Satellite (TES) of ISRO, BIRD of Germany and PROBA of
Belgium - into their intended orbits (October 22, 2001). The first
developmental launch of GSLV-D1 with GSAT-1 on board from Sriharikota ( |
|
2000 |
INSAT-3B, the
first satellite in the third generation INSAT-3 series, launched by Ariane
from Kourou French Guyana, (March 22, 2000). |
|
1999 |
Indian Remote Sensing
Satellite, IRS-P4 (OCEANSAT), launched by Polar Satellite Launch Vehicle
(PSLV-C2) along with Korean KITSAT-3 and German DLR-TUBSAT from Sriharikota
(May 26, 1999). INSAT-2E, the
last satellite in the multipurpose INSAT-2 series, launched by Ariane from
Kourou French Guyana, (April 3, 1999). |
|
1998 |
INSAT system
capacity augmented with the readiness of INSAT-2DT acquired from ARABSAT
(January 1998). |
|
1997 |
INSAT-2D, fourth
satellite in the INSAT series, launched ( (An in-orbit
satellite, ARABSAT-1C, since renamed INSAT-2DT, was acquired in November 1997
to partly augment the INSAT system). First operational
launch of PSLV with IRS-1D on board ( |
|
1996 |
Third developmental
launch of PSLV with IRS-P3 on board (March 21, 1996). Satellite placed
in polar sunsynchronous orbit. |
|
1995 |
Launch of third
operational Indian Remote Sensing Satellite, IRS-1C (December 28, 1995). INSAT-2C, the third
satellite in the INSAT-2 series, launched (December 7, 1995). |
|
1994 |
Second
developmental launch of PSLV with IRS-P2 on board (October 15, 1994).
Satellite successfully placed in polar sunsynchronous orbit. Fourth
developmental launch of ASLV with SROSS-C2 on board ( |
|
1993 |
First
developmental launch of PSLV with IRS-1E on board ( INSAT-2B, the second
satellite in the INSAT-2 series, launched (July 23, 1993). |
|
1992 |
INSAT-2A,
the first satellite of the indigenously-built second-generation
INSAT series, launched (July 10, 1992). Third
developmental launch of ASLV with SROSS-C on board (May 20, 1992).
Satellite placed in orbit. |
|
1991 |
Second
operational Remote Sensing satellite, IRS-1B, launched (August 29, 1991). |
|
1990 |
INSAT-1D launched
(June 12, 1990). |
|
1988 |
INSAT-1C launched
(July 21, 1988). Abandoned in November 1989. Second
developmental launch of ASLV with SROSS-2 on board (July 13,
1988). Satellite could not be placed in orbit. Launch of first
operational Indian Remote Sensing Satellite, IRS-1A (March 17, 1988). |
|
1987 |
First
developmental launch of ASLV with SROSS-1 satellite on board ( |
|
1984 |
Indo-Soviet
manned space mission (April 1984). |
|
1983 |
INSAT-1B,
launched ( Second developmental
launch of SLV-3. RS-D2 placed in orbit (April 17, 1983). |
|
1982 |
INSAT-1A launched
(April 10, 1982). Deactivated on |
|
1981 |
Bhaskara-II
launched (November 20, 1981). APPLE, an experimental
geo-stationary communication satellite successfully launched (June 19, 1981).
RS-D1 placed in
orbit (May 31, 1981) First
developmental launch of SLV-3. |
|
1980 |
Second Experimental
launch of SLV-3, Rohini satellite successfully placed in orbit. ( |
|
1979 |
First Experimental launch
of SLV-3 with Rohini Technology Payload on board (August 10, 1979). Satellite
could not be placed in orbit. Bhaskara-I, an experimental
satellite for earth observations, launched (June 7, 1979). |
|
1977 |
Satellite
Telecommunication Experiments Project (STEP) carried out. |
|
1975-1976 |
Satellite
Instructional Television Experiment (SITE) conducted. |
|
1975 |
ISRO First Indian
Satellite, Aryabhata, launched (April 19, 1975). Becomes
Government Organisation (April 1, 1975). |
|
1972-1976 |
Air-borne remote
sensing experiments. |
|
1972 |
Space Commission
and Department of Space set up ( |
|
1969 |
Indian Space
Research Organisation (ISRO) formed under Department of Atomic Energy (August
15, 1969). |
|
1968 |
TERLS dedicated
to the United Nations (February 2, 1968). |
|
1967 |
Satellite Telecommunication
Earth Station set up at Ahmedabad. |
|
1965 |
Space Science
& Technology Centre (SSTC) established in Thumba. |
|
1963 |
First sounding
rocket launched from TERLS (November 21, 1963). |
|
1962 |
Indian
National Committee for Space Research (INCOSPAR) formed by the
Department of Atomic Energy and work on establishing Thumba
Equatorial Rocket Launching Station (TERLS) started. |
|
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 |
Yes |
|
10] |
Designation of contact person |
Yes |
|
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 |
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.59.20 |
|
|
1 |
Rs.99.52 |
|
Euro |
1 |
Rs.80.83 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYT |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
NKT |
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.