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Report No. : |
334890 |
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Report Date : |
03.08.2015 |
IDENTIFICATION DETAILS
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Name : |
YES FOUNDATION |
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Registered
Office : |
Indiabulls Finance Centre, 27th Floor, Mumbai-400013,
Maharashtra |
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Tel. No.: |
91-22-33477788/33477016 |
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Country : |
India |
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Financials (as
on) : |
Not Available |
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Date of
Incorporation/ Year of Establishment : |
December 2012 |
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Capital
Investment / Paid-up Capital : |
Not Available |
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IEC No.: |
Not Available |
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TIN No.: |
Not Available |
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PAN No.: [Permanent Account No.] |
Not Available |
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Legal Form : |
Non-government organization |
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Line of Business
: |
Subject focus on stimulating entrepreneurship and innovative use of
media initiatives for social transformation, to enable India’s inclusive
growth and development. Yes Foundation is taking necessary step to realize
vison of an empowered and equitable India. |
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No. of Employees
: |
Not Divulged |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is a social development arm of YES BANK. It is Non-government
organization founded in December 2012 having a moderate track record. Their focus is on stimulating entrepreneurship and innovative use of
media initiatives for social transformation to enable India’s inclusive
growth and development. Since it is an NGO financials are not available from any sources. However, Business is active. Payment terms are unknown. The subject can be considered for business dealings with some caution. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
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
31-03-2013.
INFORMATION DENIED
Management non-cooperative (91-22-33477788)
LOCATIONS
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Registered Office : |
Indiabulls Finance Centre, 27th Floor, Mumbai-400013,
Maharashtra, India |
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Tel. No.: |
91-22-33477788/33477016 |
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Fax No.: |
Not Available |
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E-Mail : |
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MANAGEMENT
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Name : |
Mr. S.L Kapur |
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Designation : |
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Name : |
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Designation : |
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Name : |
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Designation : |
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Name : |
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Designation : |
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Name : |
Dr. Isher Judge Ahluwalia |
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Designation : |
Member |
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Name : |
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Designation : |
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Name : |
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Designation : |
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Name : |
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Designation : |
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Name : |
Madam. Shabnam Sinha |
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Designation : |
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Name : |
Madam. Preeti Sinha |
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Designation : |
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Name : |
Madam. Namita Vikas |
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Designation : |
BUSINESS DETAILS
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Line of Business : |
Subject focus on stimulating entrepreneurship and innovative use of
media initiatives for social transformation, to enable India’s inclusive
growth and development. Yes Foundation is taking necessary step to realize
vison of an empowered and equitable India. |
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Products : |
Not Available |
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Brand Names : |
--- |
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Agencies Held : |
--- |
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Exports : |
Not Divulged |
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Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Not Divulged |
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Bankers : |
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Auditors : |
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Name : |
Not Available |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Sister Concern : |
Not Available |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Not Available |
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Borrowed : |
-- |
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Total : |
Not
Available |
FINANCIAL DATA
[all figures are
in Rupees Million]
Not Available
Note : Sole Proprietary and Partnership concerns are
exempted from filing their financials with the Government Authorities or
Registry.
LOCAL AGENCY FURTHER INFORMATION
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Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
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1 |
Year of establishment |
Yes |
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2 |
Constitution of the entity -Incorporation
details |
Yes |
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3 |
Locality of the entity |
Yes |
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4 |
Premises details |
No |
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5 |
Buyer visit details |
-- |
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6 |
Contact numbers |
Yes |
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7 |
Name of the person contacted |
No |
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8 |
Designation of contact person |
No |
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9 |
Promoter’s background |
No |
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10 |
Date of Birth of Proprietor / Partners /
Directors |
No |
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11 |
Pan Card No. of Proprietor / Partners |
No |
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12 |
Voter Id Card No. of Proprietor / Partners |
No |
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13 |
Type of business |
Yes |
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14 |
Line of Business |
Yes |
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15 |
Export/import details (if applicable) |
No |
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16 |
No. of employees |
No |
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17 |
Details of sister concerns |
No |
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18 |
Major suppliers |
No |
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19 |
Major customers |
No |
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20 |
Banking Details |
No |
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21 |
Banking facility details |
No |
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22 |
Conduct of the banking account |
-- |
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23 |
Financials, if provided |
No |
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24 |
Capital in the business |
No |
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25 |
Last accounts filed at ROC, if applicable |
No |
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26 |
Turnover of firm for last three years |
No |
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27 |
Reasons for variation <> 20% |
-- |
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28 |
Estimation for coming financial year |
No |
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29 |
Profitability for last three years |
No |
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30 |
Major shareholders, if available |
No |
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31 |
External Agency Rating, if available |
No |
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32 |
Litigations that the firm/promoter
involved in |
-- |
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33 |
Market information |
-- |
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34 |
Payments terms |
No |
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35 |
Negative Reporting by Auditors in the
Annual Report |
No |
PROFILE
Since inception, YES BANK has a deep rooted focus on sustainability and through its Responsible Banking pillar, had been working towards Corporate Social Responsibility (CSR) and Sustainable Development. The BANK believes that CSR and Sustainability in their biggest sense are the purpose of Business and has embedded them into the core business operations, keeping in mind the impact that it has on people, planet and prosperity. Real CSR lies in our collective ability to share resources equitably, accept that everyone has the same rights, and consistently act in the best interest of humanity. YES FOUNDATION is its concrete step to realise this vision of an empowered and equitable India.
YES FOUNDATION, the social development arm of YES BANK was founded in December
2012, and focuses on stimulating entrepreneurship and innovative use of media
initiatives for social transformation to enable India’s inclusive growth
and development.
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 records 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
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Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.64.01 |
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1 |
Rs.99.83 |
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Euro |
1 |
Rs.70.16 |
INFORMATION DETAILS
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Information
Gathered by : |
PRT |
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Analysis Done by
: |
DIV |
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Report Prepared
by : |
JYTK |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NB |
New Business |
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This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.