MIRA INFORM REPORT

Report No. :	318439
Report Date :	23.04.2015

IDENTIFICATION DETAILS

Name :	CENTRAL POWER RESEARCH INSTITUTE
Registered Office :	Prof. Sir, C.V. Raman Road, Post Box No. 8066, Sadasiva Nagar, (P.O.) Bangalore – 560080, Karnataka
Tel. No.:	91-80-23602457
Country :	India
Financials (as on) :	31.03.2014
Year of establishment :	1960
Capital Investment / Paid-up Capital :	Not Divulged
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
PAN No.: [Permanent Account No.]	Not Available
Legal Form :	Research Institution
Line of Business :	Research Institution
No. of Employees :	600 (Approximately)

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 research institute. It is the power house of the Indian electrical industry. Set up in 1960 by the Government of India, it functions as a centre for applied research in electrical power engineering assisting the electrical industry in product development and quality assurance. CPRI also serves as an independent authority for testing and certification of power equipment. It employs over 300 highly qualified and experienced engineers and scientists besides other supporting staff. With its state-of-the art infrastructure and expertise, CPRI has made significant contributions to the power sector in the country for improved planning, operation and control of power systems. Besides in-house R&D, CPRI also undertakes sponsored research projects from manufacturers and other agencies in different areas of specialization. It has exposure of government of India and hence lenders can proceed comfortably while dealings with the subject.

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 – December 31, 2014

Country Name	Previous Rating (30.09.2014)	Current Rating (31.12.2014)
India	A1	A1

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

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

Name :	Mr. Natraj
Designation :	Office Assistant
Contact No.:	91-8023601213
Date :	21.04.2015

LOCATIONS

Registered Office :	Prof. Sir, C.V. Raman Road, Post Box No. 8066, Sadasiva Nagar, (P.O.) Bangalore – 560080, Karnataka, India
Tel. No.:	Not Available
Mobile No.:	91-8023602457 (Mr. Natraj)
Fax No.:	Not Available
E-Mail :	stds@cpri.in
Website :	http://www.cpri.in

MANAGEMENT

Governing Council Members
Name :	Shri Pradeep Kumar Sinha
Designation :	President (Secretary to the Government of India)
Name :	Shri Major Singh
Designation :	Vice-President (Chairperson – IC)
Name :	Shri Raj Pal
Designation :	Member (Economic Adviser, Ministry of Power)
Name :	Dr. Pradeep Kumar
Designation :	Member (Joint Secretary & FA, Ministry of Power)
Name :	Shri Major Singh
Designation :	Member
Name :	Shri K.V.S.P.Rao
Designation :	Member
Name :	Shri K.K. Sinha
Designation :	Member, Industrial Adviser (Engg.)
Name :	Dr. Praveen Saxena
Designation :	Member (Advisor)
Name :	Shri B.P. Rao
Designation :	Member (Chairman & Managing Director)
Name :	Shri I.S. Jha
Designation :	Member, Director (Projects)
Name :	Shri Vishnu Agarwal
Designation :	Member, (President-IEEMA)
Name :	Shri V.K. Kanjlia
Designation :	Member (Secretary)
Name :	Dr. P.S. Nagendra Rao
Designation :	Member (Professor, Deptt. of Electrical Engg)
Name :	Prof. S.V. Kulkarni
Designation :	Member (Director General)
Name :	Shri Sudhakar R Bhat
Designation :	Member-Secretary (Director General)
Members of Standing Committee
Name :	Shri. Major Singh
Designation :	Chairman, Member (Power Systems)
Name :	Shri Raj Pal
Designation :	Member (Economic Adviser)
Name :	Dr. Pradeep Kumar
Designation :	Member (Joint Secretary & FA)
Name :	Shri Sudhakar R Bhat
Designation :	Member-Convener (Director General)
Committee on Research
Name :	Shri Major Singh
Designation :	Member (Planning)
Name :	Shri V. K. Kanjlia
Designation :	Secretary
Name :	Shri Thomas Joseph
Designation :	Executive Director (NETRA)
Name :	Shri Sudhakar R Bhat
Designation :	Director General & Convenor –Committee
Committee on Testing & Certification
Name :	Prof. G.R. Nagabhushana
Designation :	Chairperson (Member)
Name :	Shri.D.K.Aggarwal
Designation :	Member
Name :	Shri A.K. Gupta
Designation :	Member
Name :	Shri. P. Bhaskar
Designation :	Member
Name :	Shri P. Narasimha Murthy
Designation :	Member
Name :	Shri.Sunil Misra
Designation :	Member
Name :	Shri.N.Ravi Kumar
Designation :	Member
Name :	Shri Sudhakar R Bhat
Designation :	Member Convenor
RSOP Expert Committee
Name :	Shri Sudhakar R Bhatt
Designation :	Chairman (Director General)
Name :	Shri R.C. Jha
Designation :	Director
Name :	Shri. V. K. Kanjlia
Designation :	Secretary
Name :	Dr. P.S. Nagendra Rao
Designation :	Professor
Name :	Dr. D Devendranath
Designation :	Additional Director
Name :	Dr.R Ramesh Babu
Designation :	Additional Director
Name :	Dr. J. Sundara Rajan
Designation :	Convenor

KEY EXECUTIVES

Name :	Mr. Natraj
Designation :	Office Assistant

BUSINESS DETAILS

Line of Business :	Research Institution
Products :	Not Available
Brand Names :	Not Available
Agencies Held :	Not Available
Exports :	Not Available
Imports :	Not Available
Terms :
Selling :	Not Available
Purchasing :	Not Available

GENERAL INFORMATION

Suppliers :

Reference :	Kirloskar Electric Company
Name of the Person :	Not Divulged
Contact No.:	Not Divulged
Since How Long Known :	Not Divulged
Experience :	Not Divulged
Maximum Limit Dealt :	Not Divulged

Customers :

Reference :	Larsen and Tourbo Limited
Name of the Person :	Not Divulged
Contact No.:	Not Divulged
Since How Long Known :	Not Divulged
Experience :	Not Divulged
Maximum Limit Dealt :	Not Divulged

No. of Employees :

600 (Approximately)

Bankers :

Banker Name	State Bank of India
Branch Address	Not Divulged
Person Name (With Designation)	Not Divulged
Contact Number	Not Divulged
Name of Account Holder	Not Divulged
Account Number	Not Divulged
Account Since (Date/Year of Account Opening)	Not Divulged
Average Balance Maintained (If Possible)	Not Divulged
Credit Facilities Enjoyed (If any)	Not Divulged
Account Operation	Not Divulged
Remarks (If any)	Not Divulged

Auditors :
Name :	K.P. Rao and Company Chartered Accountants
Memberships :	Not Available
Collaborators :	Not Available
Associates/Subsidiaries :	Not Available

CAPITAL STRUCTURE

AS ON 31.03.2014

Capital Investment :
Owned :	Not Divulged
Borrowed :	--
Total :	Not Divulged

FINANCIAL DATA

[all figures are in Rupees Million]

Particulars	31.03.2014	31.03.2013
Sales Turnover	1750.000	1500.000

Expected Sales (2014-15): Rs. 1800.000 Million

The above information has been parted by Mr. Natraj (Office Assistant).

Note : Sole Proprietary and Partnership concerns are exempted from filing their financials with the Government Authorities or Registry.

FINANCIAL ANALYSIS

[all figures are in Rupees Million]

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2013	31.03.2014
	(Rs. In Millions)	(Rs. In Millions)
Sales	1500.000	1750.000
		16.667

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	Yes
9]	Name of person contacted	Yes
10]	Designation of contact person	Yes
11]	Turnover of firm for last two years	Yes
12]	Profitability for last two years	No
13]	Reasons for variation <> 20%	-------
14]	Estimation for coming financial year	Yes
15]	Capital in the business	No
16]	Details of sister concerns	No
17]	Major suppliers	Yes
18]	Major customers	Yes
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	Yes
28]	Incorporation details, if applicable	No
29]	Last accounts filed at ROC	No
30]	Major Shareholders, if available	No
31]	Date of Birth of Proprietor/Partner/Director, if available	No
32]	PAN of Proprietor/Partner/Director, if available	No
33]	Voter ID No of Proprietor/Partner/Director, if available	No
34]	External Agency Rating, if available	No

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. 62.92
UK Pound	1	Rs. 93.57
Euro	1	Rs. 67.34

INFORMATION DETAILS

Information Gathered by :	KMN
Analysis Done by :	SUM
Report Prepared by :	JYO

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.