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Report No. : |
355207 |
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Report Date : |
23.12.2015 |
IDENTIFICATION DETAILS
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Name : |
THE NATIONAL CENTRE FOR THE PERFORMING ARTS |
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Registered
Office : |
NCPA Marg, Nariman Point, Mumbai-400021, Maharashtra |
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Tel. No.: |
91-22-66223737 |
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Country : |
India |
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Financials (as
on) : |
Not Divulged |
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Year of
Establishment : |
1969 |
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Capital
Investment / Paid-up Capital : |
Not Divulged |
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IEC No.: |
0395025524 |
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TIN No.: |
Not Available |
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PAN No.: [Permanent Account No.] |
AAATN2491G |
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Legal Form : |
Public Charitable Trust |
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Line of Business
: |
Subject is act as a cultural institution. (Confirmed by
management) |
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No. of Employees
: |
Not Divulged |
RATING & COMMENTS
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MIRA’s Rating : |
Aa |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Excellent |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
The National Centre for the Performing Arts (NCPA) The Centre was
founded in 1969 by JRD Tata and Dr. Jamashed Bhabha. Subject is a multi-venue, multi-purpose cultural Centre in Mumbai,
India which aims to promote and preserve India’s heritage of music, dance,
theatre, film, literature and photography. It is having excellent track. The aim of the cultural Centre is to establish a national Centre for
the preservation and promotion of classical, traditional and contemporary
performing and visual arts. The NCPA complex occupies an area of about 32000 square meters (340000
sq. ft.) at Nariman Point, on land reclaimed from the sea. It has 5 theatres
in its premise, each catering to a unique genre of performing arts. Since the subject is promoted by well experienced, respectful eminent
personalities, it can considered good for any business dealings. |
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, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
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 |
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
31-03-2015.
INFORMATION PARTED BY
|
Name : |
Mr. Siddharth Deshpande |
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Designation : |
Senior Manager Finance |
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Contact No.: |
91-22-66223737 |
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Date : |
22.12.2015 |
LOCATIONS
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Registered Office : |
Public Charitable Trust, NCPA Marg, Nariman Point, Mumbai-400021,
Maharashtra, India |
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Tel. No.: |
91-22-66223737 |
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Fax No.: |
91-22-22845350/ 22840633 |
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E-Mail : |
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Website : |
MEMBERS
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Name : |
Mr. K.N. Suntook |
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Designation : |
Member |
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Address: |
25 Lands’ End Society, Dongarsi Road, Malabar Hill, Mumbai-400006, Maharashtra, India |
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Name : |
Mr. Deepak Bajaj |
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Designation : |
Member |
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Address: |
1601/A, Meghdoot, Back Road, Lokhandwala, Andheri-West, Mumbai - 400053, Maharashtra, India |
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Name : |
Mr. Dinshaw Patit |
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Designation : |
Member |
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Address: |
Petit Hall, 66 L, Jagmohandas Marg, Mumbai - 400006, Maharashtra, India |
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Name : |
Mr. N.A Soonawala |
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Designation : |
Member |
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Address: |
Bombay House, Homi Mody St., Mumbai - 400001, Maharashtra, India |
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Name : |
Mr. Brinda A. Khatau |
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Designation : |
Member |
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Address: |
Khatau Bungalow, M. Mandir Road, Malabar Hill Mumbai - 400006, Maharashtra, India |
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Name : |
Mr. F.K. Kavarana |
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Designation : |
Member |
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Address: |
Bombay House, Homi Mody Street, Mumbai - 400006, Maharashtra, India |
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Name : |
Mr. Xerxes Desai |
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Designation : |
Member |
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Address: |
No.41, 2nd Main, 4th Cross Defence Colony, Indira Nagar, Bangalore – 560038, Karnataka, India |
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Name : |
Mr. Shirin Bharuch |
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Designation : |
Member |
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Address: |
10, Court View, 126, M.K. Road, Mumbai - 400020, Maharashtra, India |
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Name : |
Mr. Jamshyd Godrej |
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Designation : |
Member |
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Name : |
Mr. Nirmal Bhogilal |
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Designation : |
Member |
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Name : |
Mr. J.S. Saharia |
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Designation : |
Member (Chief Secretary government of Maharashtra) |
KEY EXECUTIVES
|
Name : |
Mr. Siddharth Deshpande |
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Designation : |
Senior Manager Finance |
BUSINESS DETAILS
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Line of Business : |
Subject is act as a cultural institution. (Confirmed by
management) |
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Products : |
- |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
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 : |
Not Divulged |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Associates/Subsidiaries : |
Not Divulged |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Not Divulged |
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Borrowed : |
Not Divulged |
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Total : |
Not Divulged |
FINANCIAL DATA
[all figures are
in Rupees Millions]
Not Divulged
The above information has been denied by Mr. Siddharth Deshpande (Senior
Manager Finance).
Note : Sole Proprietory and Partnership concerns are
exempted from filing their financials with the Government Authorities or
Registry.
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 |
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 |
Yes |
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8 |
Designation of contact person |
Yes |
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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 |
Yes |
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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 |
Yes |
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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% |
No |
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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 |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
---------------------- |
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33 |
Market information |
---------------------- |
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34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
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 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
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.30 |
|
|
1 |
Rs.98.71 |
|
Euro |
1 |
Rs.72.33 |
INFORMATION DETAILS
|
Information
Gathered by : |
DPA |
|
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Analysis Done by
: |
DIV |
|
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Report Prepared
by : |
MTN |
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 |
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-- |
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.