MIRA INFORM REPORT

 

 

Report Date :

29.09.2014

 

IDENTIFICATION DETAILS

 

Name :

INDIAN INSTITUTE OF SCIENCE EDUCATION AND RESEARCH

 

 

Registered Office :

Computer Science Building, College of Engineering Trivandrum Campus, Trivandrum – 695016, Kerala

 

 

Country :

India

 

 

Financials (as on) :

31.03.2012

 

 

Year of Establishment :

2008

 

 

Capital Investment / Paid-up Capital :

Rs.696.774 Millions

 

 

Legal Form :

Educational Institute

 

 

Line of Business :

Educational Institute (Science)

 

 

No. of Employees :

Not Available

 

 

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 :

Usually correct

 

 

Litigation :

Clear

 

 

Comments :

Subject is an institute conceived and established by the Ministry of Human Resources Development (MHRD) of the Government of India to be a leading Centre of research and teaching in basic sciences.

 

The institute has reported a deficit in its annual books of FY12. However, receives a strong support from the Government of India.

 

Trade relations are trustworthy. Business is active. Payment terms are reported as usually correct.

 

In view of qualified and professional management, the institute 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.

 

ECGC Country Risk Classification List – June 1, 2014

 

Country Name

Previous Rating

(31.03.2014)

Current Rating

(01.06.2014)

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

 

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 DENIED

 

Management Non Co-operative (91-471-2597459)

 

LOCATIONS

 

Registered Office :

Computer Science Building, College of Engineering Trivandrum Campus, Trivandrum – 695016, Kerala, India

Tel. No.:

91-471-2597459 / 2597438

Fax No.:

91-471-2597427 / 2597438

E-Mail :

purchasestores@iiesertvm.ac.in

registrar@iisertvm.ac.in

Website :

www.iisertvm.ac.in

 

 

MANAGEMENT

 

IISER-THIRUVANANTHAPURAM SOCIETY

 

 

Chairman :

·         Dr. V. M. Katoch, Secretary to the Government of India, Department of Health Research, Ministry of Health & Family Welfare and Director General, ICMR, New Delhi.

 

 

Members :

·         Prof. Sudhir K. Sopory, Vice Chancellor, Jawaharlal Nehru University, New Delhi.

·         Prof. A. Jayakrishnan, Vice Chancellor, University of Kerala, Thiruvananthapuram.

·         Prof. C. S. Poulose, Department of Bio-Technology, Cochin University of Science & Technology, Cochin.

·         Dr. Suresh Das, Director, National Institute of Interdisciplinary Science & Technology, Thiruvananthapuram.

·         Prof. M. S. Gopinathan, IISER- Thiruvananthapuram.

·         Prof. K. George Thomas, IISER- Thiruvananthapuram.

 

 

Ex-Officio Members :

·         Smt Vibha Puri Das, Secretary, Department of Higher Education, Ministry of Human Resource Development, Govt. of India, New Delhi.

·         Dr. T. Ramasami, Secretary, Department of Science and Technology, Govt. of India, New Delhi.

·         Prof. Bhaskar Ramamurthy, Director, Indian Institute of Technology Madras, Chennai.

·         Prof. Sukhdeo Thorat, Chairman, University Grant Commission, New Delhi.

·         Shri Sumit Bose, Secretary, Dept. of Expenditure, Ministry of Finance, Govt. of India.

·         Dr. M. K. Bhan, Secretary, Department of Biotechnology, Govt. of India, New Delhi.

·         Dr. Srikumar Banerjee, Secretary (DAE) & Chairman (AEC), DAE, Govt. of India.

·         Dr. V. K. Saraswat, Chairman, Defense Research & Development Orgn., Govt. of India, New Delhi.

·         Dr. K. Radhakrishnan, Secretary, Department of Space, Govt. of India, Bangalore.

·         Dr. Samir K. Brahmachari, Director General, Council of Scientific and Industrial Research (CSIR), Govt. of India, New Delhi.

·         Prof. P. Balaram, Director, Indian Institute of Science, Bangalore

·         Prof. K. N. Ganesh, Director, IISER- Pune

·         Prof. E. D. Jemmis, Director, IISER- Thiruvananthapuram

·         Dr. P. Prabhakaran, Chief Secretary, Government of Kerala.

 

 

Secretary

·         Shri Bharat Jyoti, Registrar, IISER- Thiruvananthapuram. The Society met on 17th September 2011 during the year 2011-12.

 

 

BOARD OF GOVERNORS

 

 

Chairman :

·         Dr. V. M. Katoch, Secretary to the Government of India, Department of Health Research, Ministry of Health & Family Welfare and Director General, ICMR, New Delhi.

 

 

Members :

·         Dr. T. Ramasami, Secretary, Department of Science & Technology, Govt. of India, New Delhi.

·         Dr. M. K. Bhan, Secretary, Department of Biotechnology, Govt. of India, New Delhi

·         Dr. K. Radhakrishnan, Chairman, ISRO and Secretary, Department of Space, Govt. of India.

·         Prof. V. Kannan, Department of Mathematics & Statistics, University of Hyderabad.

·         Dr. V. R. Muthukaruppan, Director – Research, Arvind Medical Research Foundation, Madurai.

·         Prof. S. M. Chitre, Distinguished Faculty Member, UM-DAE Centre for Excellence in Basic Sciences, University of Mumbai.

·         Dr. Gangan Pratap, Director, National Institute of Science Communication and Information Resources (NISCAIR), New Delhi.

·         Prof. Bhaskar Ramamurthy, Director, Indian Institute of Technology Madras, Chennai.

·         Prof. M. S. Gopinathan, IISER- Thiruvananthapuram.

·         Prof. K. George Thomas, IISER- Thiruvananthapuram.

 

 

Ex-officio Members :

·         Smt Vibha Puri Das, Secretary, Department of Higher Education, Ministry of Human Resource Development, Govt. of India, New Delhi.

·         Prof. E. D. Jemmis, Director, IISER- Thiruvananthapuram.

·         Prof. P. Balaram, Director, Indian Institute of Science, Bangalore.

·         Prof. K. N. Ganesh, Director, IISER- Pune.

·         Dr. P.Prabhakaran, Chief Secretary, Government of Kerala.

·         Shri A.N. Jha, Joint Secretary & Financial Advisor, MHRD, Govt. of India.

 

·          

Secretary :

·         Shri Bharat Jyoti, Registrar, IISER- Thiruvananthapuram. The Board met on 17.05.2011, 21.06.2011, 17.09.2011, 17.11.2011 and 02.03.2012 during the year 2011-12.

 

 

FINANCE COMMITTEE

 

 

Chairman :

·         Dr. V. M. Katoch, Secretary to the Government of India, Department of Health Research, Ministry of Health & Family Welfare and Director General, ICMR, New Delhi.

 

 

Members :

·         Prof. E. D. Jemmis, Director, IISER Thiruvananthapuram.

·         Shri Ashok Thakur, Special Secretary, Department of Higher Education, MHRD.

·         Shri A. N. Jha, Additional Secretary & Financial Advisor, MHRD, Govt. of India.

·         Prof. M. Radhakrishna Pillai, Director, Rajiv Gandhi Centre for Biotechnology (RGCB), Thiruvananthapuram.

·         Prof. K. George Thomas, IISER-Thiruvananthapuram.

 

 

Secretary :

·         Shri Bharat Jyoti, Registrar, IISER- Thiruvananthapuram. The Finance Committee met on 17.05.2011, 21.06.2011, 17.09.2011 and 02.03.2012 during 2011-12.

 

 

BUILDING AND WORKS COMMITTEE

 

 

Chairman :

·         Prof E D Jemmis, Director, IISER- Thiruvananthapuram.

 

 

Members :

·         Prof. Ravindra Gettu, Department of Civil Engineering, IIT Madras; Chennai.

·         Shri V. R. Rengaswamy, Head, E M & C, NCBS-TIFR, Department of Atomic Energy, Bangalore.

·         Shri Johnson Jacob, Kerala State Regulatory Authority Commission, Former Member, KSEB).

·         Shri P. A. Prabhakaran, Chief Consultant (Constructions), IISER- Thiruvananthapuram. (Former Chief Engineer, ISRO, Dept. of Space)

·         Prof. M. S. Gopinathan, IISER- Thiruvananthapuram.

·         Prof. K. George Thomas, IISER- Thiruvananthapuram.

·         Shri Bharat Jyoti, Registrar, IISER- Thiruvananthapuram.

 

 

Secretary :

·         Shri J. Anil, Project Engineer cum Estate Officer, IISER-Thiruvananthapuram.

·         The Building & Works committee met on 16.5.11, 14.9.11, 8.12.11 and 21.02.12 during 2011-12.

 

 

ACADEMIC ADVISORY COMMITTEE

 

 

The following Academic Advisory Committee has undertaken the review and updating of curriculum,

regulation and the other related matters of the academic programmes :

·         Prof. E. D. Jemmis, Director, IISER- Thiruvananthapuram – Chairman.

·         Prof. Umesh Varshney, IPC, Indian Institute of Science, Bangalore.

·         Prof. S. Ramakrishnan, MCB, Indian Institute of Science, Bangalore.

·         Prof. V. Balakrishnan, Department of Physics, Indian Institute of Technology-Madras, Chennai.

·         Prof. R. Balasubramanian, Director, Institute of Mathematical Sciences, Chennai.

·         Prof. M. Radhakrishna Pillai, Director, RGCB, Thiruvananthapuram.

·         Prof. M. S. Gopinathan, School of Chemistry, IISER- Thiruvananthapuram.

·         Prof. K. George Thomas, School of Chemistry, IISER- Thiruvananthapuram.

·         Shri Bharat Jyoti, Registrar, IISER- Thiruvananthapuram – Secretary.

 

 

ADMINISTRATION :

·         Shri. Bharat Jyoti, IFS, Registrar

·         Shri. Anil J., Project Engineer cum Estate Officer

·         Shri. B. V. Ramesh, Assistant Registrar (Finance & Accounts)

·         Shri. S. Hariharakrishnan, Assistant Registrar (Administration & Academics)

·         Dr. Sainul Abideen P., Assistant Librarian

·         Shri. P. Y. Sreekumar, Scientific Officer

·         Shri. Krishnakumar A., Junior Engineer

·         Shri. Ajith Prabha, Office Assistant(Multi- Skill)

·         Smt. Navya Paul, Technical Assistant

·         Smt. Divya J., Technical Assistant

·         Smt. Nimi Joseph Chaly, Accountant

·         Smt. Nafeesa C. K., Library Assistant

·         Shri. Jeyaraj J. R., Library Information Assistant

·         Smt. Reshmi V. K., Technical Assistant

·         Shri. Vijesh K., Technical Assistant

·         Shri. Alex Andrews P., Technical Assistant

 

 

CONSULTANTS AND CONTRACTUAL OFFICERS :

·         Shri. B. K. Subburaman, Special Officer (Up to January 2012)

·         Shri. C. M. Abraham, Officer on Special Duty

·         Shri. S. B. Jayaram, Consultant (Purchase & Stores)

·         Shri. P. N. Mohanan, Consultant (Finance & Accounts)

·         Shri. V. P. Nair, Consultant (Human Resources)

·         Shri. P. A. Prabhakaran, Chief Consultant (Constructions)

·         Shri. P. R. Balakrishna Pillai, Consultant (Civil)

·         Shri. K. Muraleedharan Nair, Consultant (Civil)

·         Shri. R. Vasudevan Nair, Consultant (Electrical)

·         Shri. I. P. Laiju, Assistant Project Engineer (Electrical)

 

 

BUSINESS DETAILS

 

Line of Business :

Educational Institute (Science)

 

 

GENERAL INFORMATION

 

No. of Employees :

Not Available

 

 

Bankers :

Not Available

 

 

 

 

 

CAPITAL STRUCTURE

 

AS ON 31.03.2012

 

CORPUS/CAPITAL FUND:

31.03.2012

(Rs. In Millions)

 

Balance as at the beginning of the year

 

 

 

344.106

 

(+) Add: Contributions towards Corpus/Capital Fund

 

359.550

 

 

Amount utilised for acquiring capital asset

 

359.550

 

 

Amount Committed for Lab Equipment and Library Books

 

 

 

(-) Less: Depreciation provided for the above mentioned item written back

 

 

 

(-) Less: WDV of Fixed Assets acquired out of Project Grants in the previous year

 

 

 

(-) Less: Interest acquired from Project grant in the previous year

 

 

 

(-) Amount Committed for Lab Equipment & Library Books in the Previous Year

 

 

 

Add/(Deduct): Balance of Net income/ (expenditure)

 

(6.882)

 

 

Transferred from the Income and Expenditure Account

 

 

 

BALANCE AT THE YEAR-END

 

 

696.774

 

 


FINANCIAL DATA

[all figures are in Rupees Millions]

 

ABRIDGED BALANCE SHEET

 

 

BALANCE SHEET AS AT 31ST MARCH 2012

 

 

CORPUS/ CAPITAL FUND AND LIABILITIES

 

31.03.2012

31.03.2011

 

 

 

CORPUS/CAPITAL FUND

696.774

344.106

RESERVES AND SURPLUS

 

 

EARMARKED/ ENDOWMENT FUNDS

 

 

SECURED LOANS AND BORROWINGS

 

 

UNSECURED LOANS AND BORROWINGS

 

 

DEFERRED CREDIT LIABILITIES

 

 

CURRENT LIABILITIES AND PROVISIONS

41.361

23.927

UNSPENT BALANCE OF GRANT

557.906

631.500

UNSPENT BALANCE OF EXTERNAL PROJECTS

21.836

6.846

 

 

 

TOTAL

1317.877

1006.379

 

 

 

ASSETS

 

 

FIXED ASSETS

598.325

331.157

INVESTMENTS-FROM EARMARKED/ENDOWMENT FUNDS

 

 

INVESTMENTS-OTHERS

 

 

CURRENT ASSETS, LOANS, ADVANCES ETC.

719.552

675.222

MISCELLANEOUS EXPENDITURE

(to the extent not written off or adjusted)

 

 

 

 

 

TOTAL

1317.877

1006.379

 

 

 

SIGNIFICANT ACCOUNTING POLICIES 24

 

 

CONTINGENT LIABILITIES AND NOTES ON ACCOUNTS

 

 

 

 


 

INCOME AND EXPENDITURE ACCOUNT FOR THE PERIOD/YEAR ENDED 31.03.2012

 

PARTICULARS

 

31.03.2012

31.03.2011

INCOME

 

 

 

Income from Sales / Services

 

 

 

Grants/Subsidies

129.448

127.366

 

Fees/Subscriptions

4.303

2.256

 

Income from Investments (Income on Invest. from earmarked/endowment funds transferred to Funds)

 

 

 

Income from Royalty, Publication etc.

 

0.073

 

Interest Earned

37.819

8.316

 

Other Income

5.118

4.064

 

Depreciation Written Back

 

 

 

Prior Period income

38.260

0.008

 

Increase/(decrease) in stock of Finished goods an works-in-progress

 

 

TOTAL (A)

214.948

142.083

 

 

 

EXPENDITURE

 

 

 

Establishment Expenses

78.155

48.675

 

Other Administrative Expenses etc.

51.293

85.092

 

Expenditure on Grants, Subsidies etc.

 

 

 

Interest

 

 

 

Project Expenses

 

 

 

Depreciation

92.382

66.751

TOTAL (B)

221.830

200.518

 

 

 

Balance being excess of Income over Expenditure (A-B)

(6.882)

(58.435)

 

 

 

Transfer to Special Reserve (Specify each)

 

 

Transfer to/ from General Reserve

 

 

 

 

 

BALANCE BEING SURPLUS/(DEFICIT)

 

 

CARRIED TO CORPUS / CAPITAL FUND

(6.882)

(58.435)

 

 

 

SIGNIFICANT ACCOUNTING POLICIES

 

 

 

 


RECEIPTS AND PAYMENTS FOR THE PERIOD/YEAR ENDED 31.03.2012

 

RECEIPTS

 

31.03.2012

31.03.2011

PAYMENTS

31.03.2012

31.03.2011

I. Opening Balance

 

 

I. Expenses

 

 

a) Cash in hand

0.066

0.144

a) Establishment Expenses

78.674

38.012

b) Bank Balances

 

 

 

 

 

i) In current accounts

 

 

b) Administrative Expenses

54.340

134.200

            Canara Bank

1.987

12.333

 

 

 

            Flexi Accounts

 

88.500

 

 

 

ii) In deposit accounts

151.691

0.355

 

 

 

iii) Savings accounts

440.779

 

 

 

 

a) SB Travancore

7.144

3.585

 

 

 

b) Canara Bank Project A/c

7.395

1.714

 

 

 

 

 

 

 

 

 

II. Grants Received

 

 

II. Payments made against Funds

 

 

a) From Govt. of India

115.400

900.000

for various projects

18.185

4.480

b) From State Government

 

 

 

 

 

c) From other sources

 

 

 

 

 

            (details)

 

 

 

 

 

            DST

10.800

5.000

 

 

 

            CSIR

2.876

1.542

 

 

 

            KVPY

1.521

1.195

 

 

 

            UGC

0.207

0.803

 

 

 

 

 

 

 

 

 

External Projects including Int.

33.176

10.161

 

 

 

 

 

 

 

 

 

III. Income on Investments from

 

 

III. Investments and deposits made

 

 

a) Earmarked/Endow. Funds

 

 

a) Out of Earmarked/

 

 

 

 

 

    Endowment funds

 

 

b) Own Funds

 

 

b) Out of Own Funds

 

 

    ()th. Investment)

 

 

(Investments-Others)

 

 

 

 

 

 

 

 

IV. Interest Received

 

 

IV. Expenditure on

 

 

 

 

 

Fixed Assets &Capital

 

 

a) On Bank deposits

22.011

6.271

Work-in-Progress

 

 

b) Loans. Advances etc.

 

 

a) Purchase of Fixed Assets

 

 

 

 

 

b) Expenditure on Capital

 

 

 

 

 

Work-in-Progress

339.591

242.244

 

 

 

 

 

 

V. Other Income (Specify)

9.935

4.319

V. Refund of surplus money/Loans

 

 

 

 

 

a) To the Government of India

 

 

 

 

 

b) To the State Government

 

 

 

 

 

c) To other providers of funds

 

 

 

 

 

 

 

 

VI. Amount Borrowed

 

 

VI. Finance Charges (Interest)

 

 

 

 

 

 

 

 

VII. Any other receipts

1.103

1.078

VII. Other Payments

133.388

9.002

 

 

 

 

 

 

 

 

 

VIII. Closing Balances

 

 

 

 

 

a) Cash in hand

 

0.066

 

 

 

b) Bank Balances

 

 

 

 

 

i) In current accounts

 

 

 

 

 

Canara Bank Account

15.406

1.987

 

 

 

ii) In Deposit / Saving Accounts

 

 

 

 

 

a) With SBT

5.197

8.132

 

 

 

b) With Canara Bank

141.241

591.482

 

 

 

c) Canara Bank

 

 

 

 

 

Project A/c

20.070

7.395

 

 

 

 

 

 

 

 

806.091

 

1037.001

 

 

806.091

 

1037.001

 


 

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

No

8]

No. of employees

No

9]

Name of person contacted

No

10]

Designation of contact person

No

11]

Turnover of firm for last two years

Yes

12]

Profitability for last two years

Yes

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

No

20]

Export / Import details (if applicable)

No

21]

Market information

----------

22]

Litigations that the firm / promoter involved in

----------

23]

Banking Details

No

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

Yes

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

PREAMBLE

 

INTRODUCTION

 

The Indian Institutes of Science Education and Research were established by Government of India between 2006 and 2008 at Kolkata, Pune, Mohali, Bhopal and Thiruvananthapuram.

 

The main objective of the institute is the development of excellent scientific manpower in the country by means of contemporary research oriented higher education.

 

The creation of Indian Institute of Science Education and Research Thiruvananthapuram was notified by Government of India vide no. 22-6/2007-TS.I dated 28th February, 2008 of Department of Higher Education, Ministry of Human Resource Development as an autonomous organization.

 

The institute came into being on 20th February, 2008 when it was registered as a society under the Travancore – Cochin Literary Scientific and Charitable Society Registration Act (12 of 1955) vide no. T.342/08 dated 20th February, 2008.

 

The Institute will now function under the provisions of National Institutes of Technology (Amendment) Act 2012.

 

The institute has been operating from June 2008 in the transit campus provided by Government of Kerala in the College of Engineering Trivandrum. The Kerala Government has also given 200 acres of land in Vithura Panchayat, Thiruvananthapuram district, where the permanent campus is under construction.

 

 

AWARDS AND HONOURS

 

The following faculty members have received awards/honours for their outstanding performance and academic standing.

 

Faculty

Honours/Awards

Prof. K. George Thomas

 

            School of Chemistry

 

Dr. Nishant K.T.

 

            School of Biology

 

Dr. M.M. Shaijumon

 

            School of Physics

 

Dr. S. Shankaranarayanan S

 

            School of Physics

 

Dr. Reji Varghese

 

            School of Chemistry

A.V. Rama Rao Foundation Prize

 

Lecture

 

Wellcome Trust –

 

DBT Intermediate Fellowship

 

DAE Young Scientist Research Award

 

 

 

Buti Foundation Award

 

 

 

Ramanujan Fellowship DST, India

 

CMT REPORT (Corruption, Money Laundering & Terrorism]

 

The Public Notice information has been collected from various sources including but not limited to: The Courts, India Prisons Service, Interpol, etc.

 

1]         INFORMATION ON DESIGNATED PARTY

No exist designating subject or any of its beneficial owners, controlling shareholders or senior officers as terrorist or terrorist organization or whom notice had been received that all financial transactions involving their assets have been blocked or convicted, found guilty or against whom a judgement or order had been entered in a proceedings for violating money-laundering, anti-corruption or bribery or international economic or anti-terrorism sanction laws or whose assets were seized, blocked, frozen or ordered forfeited for violation of money laundering or international anti-terrorism laws.

 

2]         Court Declaration :

No 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.61.57

UK Pound

1

Rs.100.42

Euro

1

Rs.78.45

 

 

INFORMATION DETAILS

 

Information Gathered by :

DIP

 

 

Analysis Done by :

SUB

 

 

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

 

 

 

 

 

 

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

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