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Report Date : |
04.11.2014 |
IDENTIFICATION DETAILS
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Name : |
RAJA RAMANNA CENTER FOR ADVANCED TECHNOLOGY |
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Registered
Office : |
P.O. CAT, Indore – 452013, Madhya Pradesh |
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Country : |
India |
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Year of Establishment
: |
1984 |
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Legal Form : |
Research Centre |
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Line of Business
: |
Research and Development in a Non-Nuclear front line Research Areas. |
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No. of Employees
: |
1500 (Approximately) |
RATING & COMMENTS
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MIRA’s Rating : |
A |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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56-70 |
A |
Financial & operational base are regarded healthy. General
unfavorable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a unit of Department of Atomic Energy, Government of India,
engaged in R & D in non-nuclear front line research areas of Lasers, Particle
Accelerators and related technologies. It is established to expand the activities carried out at Bhabha
Atomic Research Centre (BARC), Mumbai. The center has rapidly grown into a premier institute for research and
development in lasers, accelerators and their applications. Mr. Bijaya Jena, Chief Administrative Officer has provided few general
information but denied to disclose further detail to us. However, it is known to have fine track record. Trade relations are
reported to be regular and as per commitment. The subject 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 – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
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India |
A1 |
A1 |
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Risk Category |
ECGC Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
N E W S
Verdict Implications
: Apex court order may alter coal import dynamics. Traders go slow on talks
over coal supply contracts, uncertainty over cancellation of blocks weigh on
stocks.
Recent arrest of the
Chennai head of the Registrar of Companies, the ministry of corporate affairs
arm that ensures that companies file all the information required by the
Companies Act is the latest manifestation of a messy fight between a father and
his adopted son for the control of Rs 40000 mn business empire. The Central
Bureau of Investigation arrested Manumeethi Cholan after he accepted Rs 10
lakhs as bribe from M A M Ramaswamy, a CBI official said.
Central Bureau of
Investigation books Electrotherm for cheating Central Bank of Rs 4360 mn.
Infosys maintains
revenue guidance. COO Rao says attrition still an area of concern and it would
take a few more quarters to bring down levels to 13-15 %.
DHL to invest
Euro 100 mn in India over next 2 years. The firm has chosen India to pilot its
e-commerce business model for the Asia-Pacific region.
Blackstone may buy
stake in BlueRidge SEZ in line with the fund’s real estate strategy in India.
Kingfisher Airlines
Ltd grounded in October 2012 under the weight of heavy debt and accumulated losses,
recently approached the Delhi high court for relief in two separate cases. The
airline challenged a notice by Punjab & National Bank alleging that It had
wilfully defaulted on Rs 7700 mn of loans and sought more time to comply with
the requirements under the listing agreements with the Stock Exchanges.
OnMobile likely to
sack another 300 employees. The lay-offs follow a spate of senior-level exits
over the past two years, starting with of its founder. The overall lay-offs
could number around 600 and are driven by the need to cut costs, says a former
employee.
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
31-03-2014.
INFORMATION PARTED BY
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Name : |
Mr. Bijaya Jena |
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Designation : |
Chief Administrative Officer |
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Contact No.: |
91-9425064512 |
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Date : |
31.10.2014 |
LOCATIONS
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Registered Office : |
P.O. CAT, Indore – 452013, Madhya Pradesh, India |
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Tel. No.: |
91-731-2488816 |
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Mobile No.: |
91-9425064512 (Mr. Bijaya Jena) |
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Fax No.: |
91-731-2321343 |
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E-Mail : |
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Website : |
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Branch Address : |
Anushakti Bhavan, Chatrapatti Shivaji Maharaj Marg, Mumbai – 400001,
Maharashtra, India |
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Tel. No.: |
91-22-22022816 |
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Fax No.: |
91-22-22048476 |
DIRECTORS
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Name : |
Dr. P. K. Gupta |
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Designation : |
Director |
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Name : |
Dr. R. K. Sinha |
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Designation : |
Chairman AEC and Secretary DAE |
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Associate Director |
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Laser Biomedical
Applications & Instrumentation Division |
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Optical Imaging & Micro-manipulation Section |
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Optical Spectroscopy & Diagnostic Lab. |
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Photobiology Lab. |
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Laser Instrumentation Lab. |
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Laser Materials
Development & Devices Division |
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Ceramics Lab. |
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Crystal Growth Lab. |
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Nano-Functional Materials Lab. |
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Solid State Lasers
Division |
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Advanced Solid State Lasers Section |
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Laser Power Supplies & Instrumentation Lab. |
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Fiber Sensors Lab. |
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Semiconductor Physics & Devices Lab. |
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Laser Materials
Processing Division |
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Materials Engineering Section |
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Excimer Laser Section |
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Materials Processing Lab. |
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Organic Photonics Materials Lab. |
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Laser Electronics
Support Division |
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Electronics & Instrumenation Section |
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High Power Laser Electronics Lab. |
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Laser Controls Lab. |
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Laser Plasma
Division |
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Laser Plasma Physics Section |
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Nd:Glass Laser Lab. |
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Ti:Sapphire Laser Lab. |
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Computer Division |
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Computer Centre |
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Electronics Security Systems Lab. |
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Audio-Visual Support Cell |
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Scientific Information Resource Centre |
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Laser Systems
Engineering Section |
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Power Electronics & Instrumentaion Lab. |
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Metal Vapour & Dye Laser Applications Lab. |
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Dye Laser Development Lab. |
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Laser Physics
Applications Section |
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Atom Optics & Raman Spectroscopy Lab. |
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Ultrafast Spectroscopy Lab. |
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Mechanical &
Optical Support Section |
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Mechanical Workshop & Glass Blowing Facility |
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Optical Design & Fabrication Lab. |
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Indus Operations
and Accelerator Physics Design Division |
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Beam Dynamics Lab. |
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Radiation Equipment Maintenance Lab. |
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Indus Operation and Alignment Lab. |
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Coolant Systems Lab. |
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Health Physics Unit |
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RF Systems Division |
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Solid State RF Power Section |
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RF Power & Control Section |
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Accelerator Control
& Beam Diagnostics Division |
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Beam Diagnostics Section |
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Accelerator Control Section |
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Indus Synchrotrons
Utilization Division |
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SRS Coordination Section |
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Beamline Engineering Support Lab. |
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Materials Research Lab. |
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Proton Linac &
Superconducting Cavities Division |
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Superconducting Proton Linac Section |
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SCRF Cavity Development Lab. |
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Ion Source Lab. |
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Chemical Treatment Facility |
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Materials &
Advanced Accelerator Sciences Division |
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Magnetic & Superconducting Materials Section |
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Mechanical Design & Engineering Lab. |
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Free Electron Laser Lab. |
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Accelerator & Beam Physics Lab. |
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Power Supplies
& Industrial Accelerator Division |
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Precision Power Supplies Section |
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Power Converter Development Section |
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Industrial Accelerators Section |
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Accelerator Magnet
Technology Division |
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Construction & Services
Division |
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Air Conditioning Cell |
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Civil Infrastructure & Maintenance Cell |
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Civil Design & Construction Cell |
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Electrical Engineering Cell |
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Horticulture Cell |
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Cryo-engineering
and Cryo-module Development Section |
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Cryogenics Engineering Lab. |
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Cryo-Module Engineering Lab. |
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Ultra High Vacuum Technology
Section |
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Ultra High Vacuum Technology Lab. |
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Pulsed High Power
Microwave Section |
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Accelerator
Components Design and Fabrication Section |
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Design & Metrology Lab. |
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Machining Facilities |
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Fabrication Facilities |
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Chairman, Apex
Safety Committee |
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Fire & Safety Section |
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Chairman, Medical Advisory
Committee |
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RRCAT Medical Centre |
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Chairman, Training School
Committee |
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BARC Training School at RRCAT |
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Chairman, Local
Management Committee |
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Atomic Energy Central School |
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Director Office |
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Planning &
Coordination Cell |
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Administration |
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Administration Section-1 |
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Vigilance Section |
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General Section |
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Travel Cell |
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Hindi Cell |
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Guest House |
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Administration
Section-2 |
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Establishment Section |
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Recruitment Section |
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Security |
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Accounts |
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Purchase & Salary |
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Salary Section |
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Purchase Accounts |
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Budget & Works |
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Budget, Compilation, Finance & Miscellaneous |
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Works |
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Indore Regional
Purchase & Stores Unit |
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IRPU |
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APO |
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APO |
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APO |
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IRSU |
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ASO |
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KEY EXECUTIVES
|
Name : |
Mr. Bijaya Jena |
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Designation : |
Chief Administrative Officer |
BUSINESS DETAILS
|
Line of Business : |
Research and Development in a Non-Nuclear front line Research Areas. |
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Exports : |
Not Available |
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Imports : |
Not Available |
GENERAL INFORMATION
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Suppliers : |
Not Available |
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Customers : |
Not Available |
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No. of Employees : |
1500 (Approximately) |
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Bankers : |
Not Divulged |
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Facilities : |
-- |
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Banking
Relations : |
-- |
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Auditors : |
Not Divulged |
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 |
Yes |
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9] |
Name of person contacted |
Yes |
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10] |
Designation of contact person |
Yes |
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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 |
PRESS RELEASE
Raja Ramanna Centre for Advanced Technology (RRCAT) celebrated its Foundation Day on Wednesday, 19th February 2014. Shri Sekhar Basu, Director, Bhabha Atomic Research Centre, Mumbai and Member, Atomic Energy Commission was the Chief Guest of the function. Dr. P.D. Gupta, Director, RRCAT, presided over the function. Dr. P.K. Gupta, Head, Laser Materials Development & Devices Division and Laser Bio-medical Applications & Instrumentation Division welcomed the gathering. Dr. S.M. Oak, Head, Solid State Laser Division proposed the vote of thanks. The programme was conducted by Shri S.C. Joshi, Head, and Proton Linac & Superconducting Cavity Division.
Dr. P.D. Gupta presented an overview of the scientific activities of the Centre and highlighted the important achievements made during the last one year. He informed that Indus-I, the 450 MeV, 100 mA, Synchrotron Radiation Source (SRS) is functioning very well and is operating round the clock. Five beam lines are operational in Indus-I for which he expressed his appreciation for all the staff members. He informed that Indus-2 is also operational round-the-clock form February 2010 at 2.5 GeV, 180mA. Indus-2 has at present 12 beam lines commissioned which are made available to researchers from Universities, research institutes and National Institutions. Solid State amplifier of 225 kW has been developed successfully. For the first time in the world to overcome the difficulties faced in importing Klystrons. Indus-2 has also been operated for 2.5 GeV, 180 mA using the Solid State RF amplifier. Dr. Gupta also informed the developmental activities related to subsystem development of Proton Accelerator for future program on Spallation Neutron Source. He informed progress made on setting up of a large infrastructure development activities for SCRF cavity development including laser welding of SCRF cavity. Single cell SCRF cavities developed indigenously have performed satisfactorily and exhibited up to 37.5 MV/m of Accelerating gradient at 2 K in a test facility. Dr. Gupta also informed an important development activity of indigenously built Helium liquefier. He also informed development of RF components for high power Solid State Amplifiers and Compact Ultrafast THz Free Electron laser development. He informed on the R&D activities on Electron linac based radiation processing. He also highlighted the significant advances made in the R & D on lasers and their applications in basic research, biomedical applications, material processing etc. Lasers developed in RRCAT are playing an important role in the nuclear power plant for remote cutting and welding operation for maintenance and replacement of faulty components. He informed on the development of laser based rapid manufacturing for small engineering components with expensive materials. He informed on soft X-ray lasing in a capillary discharge argon plasma activity. He also informed on development of materials R&D for superconducting cavity. Some of the significant developments made at RRCAT on growth of materials and studies on these were also highlighted. He also informed on advancement of high performance scientific computer clusters and Human resource development programs at RRCAT.
In his address, Shri Sekhar Basu expressed his happiness over the progress made by the scientists, engineers and the supporting staff of RRCAT in the areas of lasers and accelerators. He praised the reliable round the clock operation of Indus-2 and the keen interest shown by the researcher community in India on utilization of the Indus facility.
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 judgment 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.61.41 |
|
|
1 |
Rs.98.06 |
|
Euro |
1 |
Rs.76.67 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYT |
|
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|
Analysis Done by
: |
KAR |
|
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|
Report Prepared
by : |
JAY |
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.