|
Report No. : |
306580 |
|
Report Date : |
06.02.2015 |
IDENTIFICATION DETAILS
|
Name : |
WALCHAND INSTITUTE OF TECHNOLOGY |
|
|
|
|
Registered
Office : |
P.B.No.634,
Walchand Hirachand Marg, Ashok Chowk, Solapur – 413006, Maharashtra |
|
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|
|
Country : |
India |
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|
|
|
Financials (as
on) : |
31.03.2011 |
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|
|
Year of
Establishment: |
July 1983 |
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|
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Capital
Investment / Paid-up Capital : |
Not Available |
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|
TIN No.: |
Not Available |
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IEC No.: |
Not Available |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
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PAN No.: [Permanent Account No.] |
Not Available |
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|
|
|
Legal Form : |
Educational Institute |
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|
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Line of Business
: |
Educational Institute |
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|
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|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
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Litigation : |
Clear |
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|
Comments : |
Subject is an established educational Institute. It is the oldest
engineering college in Solapur, India. It was ranked as the 42nd
top college in India by the Engineering Committee of India. It is having a satisfactory track record. Trade relations are reported as fair. Business is active. Payments
terms are reported to be usually correct. The subject can be considered normal 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,
EXTERNAL AGENCY RATING
|
Rating Agency Name |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
Not Available |
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 DECLINED BY
|
Name : |
Mr. Pandit |
|
Designation : |
Account Officer |
|
Contact No.: |
91-217-2652700 |
|
Date : |
04.02.2015 |
LOCATIONS
|
Registered Office : |
P.B.No.634, Walchand Hirachand Marg,
Ashok Chowk, Solapur – 413006, Maharashtra, India |
|
Tel. No.: |
91- 217-2652700, 2653040, 2391700. |
|
Fax No.: |
91- 217-2651538 |
|
E-Mail : |
|
|
Website : |
MANAGEMENT
GOVERNING
BODY
|
SR. NO. |
MEMBER |
NAME AND ADDRESS |
|
1 |
Chairman: (Eminent Industrialist) |
Shri. Arvind R.Joshi Chairman,PAE Limited 69,Tardeo Road,(Opp. Film Center), Mumbai-4100037, Maharashtra, India |
|
2 |
Member: (Eminent Industrialist) |
Shri Bhushan Vilas Shah Engineer 94,Siddheshwar Peth, Solapur-413007, Maharashtra, India |
|
3 |
Member: (Hon. Secretary and Trustee: S.A.P.D. Jain Pathshala Solapur) |
Dr.Ranjeet Hiralaal Gandhi, 'Jethiram Bhawan', 363,South Kasaba, Solapur-413007, Maharashtra, India |
|
4 |
Member: (Trustee) |
Shr.SuhasK.Shah "Kasturi,8389/2/B-6",Railway Lines, Solapur-413007, Maharashtra, India |
|
5 |
Member: (Eminent Industrialist) |
Shri. Prithviraj Hiralal Gandhi. 163/1,railway Lines, Solapur-413001, Maharashtra, India |
|
6 |
Member: (Ex Officio ) Regional Officer, Nominee Of the All India Counseling For Technical Education |
Shri.Sahoo Reginal Officer-WROAICTE, Industrial Assurance BLDG, Second Floor, B.N.Road, Opposite Chaurch Gate, Station, Mumbai-400020, Maharashtra, India |
|
7 |
Member: (An Industrialist/Technologist/Educationist) |
C.R.Doshi Chartered Accountant, 196/7,Budhwar Peth, Solapur-413002, Maharashtra, India |
|
8 |
Member: (An Industrialist/Technologist/Educationist) |
Shri.Sanjeev Patil Director,Laxmi Drunken Component Private Limited C/47/48,MIDC,Chincholi, Solapur-413255, Maharashtra, India |
|
9 |
Member: (Ex Officio ) Nominee Of The state government Director of technical education |
Dr. S.K.Mahajan I/C Director Of Technical Education, Maharashtra State, 3,Mahapalika Marg, Postbox No.1967, Mumbai-400001, Maharashtra, India |
|
10 |
Member: (Nominee) An Industrialist/An Technologist/An Educationist) |
Dr.R.R. Shah 14 A,Ganladhar Housing Society, Gurunanank Nagar, Solapur-413003, Maharashtra, India |
|
11 |
Member: (Secretary) Principal Of The Institute |
Dr. S.A. Halkude Principal, Walchand Institute Of Technology, Solapur, Maharashtra, India |
LOCAL MANAGING
COMMITTEE
|
Sr.No. |
Name and LMC Member |
Designation |
|
|
1 |
Shri. Bhushan Vilas Shah |
Engineer -Local Member |
Chairmen's Nominee |
|
2 |
Dr. Ranjeet Hiralal Gandhi |
Doctor-Local Member |
Member |
|
3 |
Shri. Jagdish R. Shah |
Local Member |
Member |
|
4 |
Shri. Suhas K. Shah |
Local Member |
Member |
|
5 |
Shri. Pushkar P. Shah. |
Local Member |
Member |
|
6 |
Shri. S.S.Patil |
Representative Of Teaching Staff |
Member |
|
7 |
Shri. L.M.R.J Lobo |
Representative Of Teaching Staff |
Member |
|
8 |
Shri. B.D. Shejal |
Representative Of Teaching Staff |
Member |
|
9 |
Shri. D.G. Sarasambe |
Representative Of Non Teaching Staff |
Member |
|
10 |
Dr. S.A. Halkude |
Principal Of College |
Member-Secretary |
|
11 |
Shri. Deepak Jambukumar Shah |
Representative Of Management |
Member |
GOVERNING BODY
MEMBERS
|
SR.NO. |
MEMBER |
NAME AND ADDRESS |
EDUCATIONAL
QUALIFICATION |
|
1 |
Chairman : (Eminent Industrialist) |
Shri. Arvind R.
Doshi Chairman, PAE
Limited., 69, Tardeo Road,
(Opposite Film Centre), Mumbai – 400 034, Maharashtra, India |
Civil and Sanitary Engineer, Diploma in Business Management |
|
2 |
Member : (Eminent Industrialist) |
Shri. Bhushan
Vilas Shah Engineer, 94, Siddheshwar
Peth, Solapur – 413 007, Maharashtra, India |
B.E. (Prod) |
|
3 |
Member : (Hon. Secretary and Trustee: S.A.P.D.Jain Pathashala, Solapur) |
Dr. Ranjeet
Hiralal Gandhi ‘Jethiram
Bhavan’, 363, South
Kasba, Solapur – 413 007, Maharashtra, India |
M.B.B.S. |
|
4 |
Member : (Trustee) (Industrialist) |
Shri Shreyans
Suhas Shah “Kasturi”,
8389/2/B-6, Railway Lines, Solapur – 413 003, Maharashtra, India |
|
|
5 |
Member : (Eminent Industrialist) |
Shri. Prithviraj
Hiralal Gandhi 163/1, Railway
Lines, SOLAPUR – 413 001, Maharashtra, India |
B.Com. |
|
6 |
Member : An Industrialist/ Technologist/ Educationist |
Shri C.R.Doshi Chartered
Accountant, 196/7, Budhawar
Peth, Solapur – 413 002, Maharashtra, India |
C.A. |
|
7 |
Member : (Ex-Officio) Regional Officer, Nominee of the All India Council for Technical Education. |
Dr. P.K.Sahoo Regional Officer
– WRO AICTE, Industrial
Assurance Bldg., 2nd floor, V.N.Road, Opp. Churchgate
Station, Mumbai – 400 020, Maharashtra, India |
|
|
8 |
Member : An Industrialist/ Technologist/ Educationist |
Shri Sanjeev
Patil Director, Laxmi Drunken
Komponant Private Limited., C-47/48, MIDC, Chincholi, Solapur – 413 255, Maharashtra,
India |
|
|
9 |
Member : An Educationist |
Dr.Ajit
Hirachand Manikshete Principal, Walchand College
of Arts and Science, Ashok Chowk, Solapur – 413 006, Maharashtra,
India |
|
|
10 |
Member : (Ex-Officio) Nominee of the State Government – Director of Technical Education |
Dr.S.K.Mahajan I/c Director of
Technical Education, Maharashtra
State,3, ahapalika Marg, Post Box
No.1967, Mumbai – 400 001, Maharashtra, India |
M.E. (Mech), Ph.D. |
|
11 |
Member : (Nominee) An Industrialist/ Technologist/ Educationist |
Dr.R.R.Shah 14A, Gangadhar
Housing Society, Gurunanak Nagar,
Solapur – 413 003, Maharashtra, India |
B.A., M.A., Ph.D. |
|
12 |
Member – Secretary Principal of the Institute |
Dr. Shashikant
Annarao Halkude Principal, Walchand Institute of Technology, Solapur, Maharashtra, India |
B.E. (Civil), M.Tech. (Civil), Ph.D. (Civil) |
|
13 |
Member: (Faculty Member) |
Prof. Dr. Sachin
Ratikant Gengaje Head,
Electronics Engg. Dept., Walchand Institute of Technology, Solapur, Maharashtra, India |
B.E. (Electronics) M.E. (Electronics) Ph.D |
|
14 |
Member (Faculty Member) |
Shri. Akshay
Neminath Surde Asst. Prof. in
Mechanical Engg. Dept. Walchand Institute of Technology, Solapur, Maharashtra, India |
B.E. (Mechanical) M.E.(Mechanical) |
ACADEMIC ADVISORY
BODY :
|
Sr.No. |
Name and LMC Member |
Designation |
|
|
1 |
Shri. Bhushan Vilas Shah |
Engineer -Local Member |
Chairmen's Nominee |
|
2 |
Dr. Ranjeet Hiralal Gandhi |
Doctor-Local Member |
Member |
|
3 |
Shri. Jagdish R. Shah |
Local Member |
Member |
|
4 |
Shri. Suhas K. Shah |
Local Member |
Member |
|
5 |
Shri. Pushkar P. Shah. |
Local Member |
Member |
|
6 |
Shri. S.S.Patil |
Representative Of Teaching Staff |
Member |
|
7 |
Shri. L.M.R.J Lobo |
Representative Of Teaching Staff |
Member |
|
8 |
Shri. B.D. Shejal |
Representative Of Teaching Staff |
Member |
|
9 |
Shri. D.G. Sarasambe |
Representative Of Non Teaching Staff |
Member |
|
10 |
Dr. S.A. Halkude |
Principal Of College |
Member-Secretary |
|
11 |
Shri. Deepak Jambukumar Shah |
Representative Of Management |
Member |
BUSINESS DETAILS
|
Line of Business : |
Educational Institute |
|
|
|
|
Brand Names : |
Not Divulged |
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|
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|
Agencies Held : |
Not Divulged |
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Exports : |
Not Divulged |
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|
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Imports : |
Not Divulged |
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|
Terms : |
Not Divulged |
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the management |
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||||||||||||||
|
Bankers : |
|
|
Auditors : |
|
|
Name : |
S G Patil Chartered Accountant |
|
Address : |
10, East MAngalwar Peth, Solapur – 413002, Maharashtra, India |
|
Tel. No.: |
91-217-2326335 |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
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|
|
|
Sister Concern: |
-- |
CAPITAL STRUCTURE
NOT AVAILABLE
FINANCIAL DATA
[all figures are
in Rupees Millions]
BALANCE SHEET AS AT 31ST MARCH, 2011
|
LIABILITIES |
RS.
IN MILLIONS |
ASSETS |
RS.
IN MILLIONS |
|
Library and Laboratory |
|
|
|
|
Caution Money Deposit |
3.779 |
Institute Furniture, Fixture and Office Equipments |
12.351 |
|
Testing and Consultancy Advance |
0.548 |
Civil Engineering Department |
2.255 |
|
Testing and Consultancy Civil |
0.000 |
Electronic and EXTC Equipment and Instrument |
4.349 |
|
Library Deposits |
0.047 |
Computer and IT Equipments |
2.828 |
|
Ph, D, Laboratory Deposit |
0.018 |
Computer Software Exps |
1.058 |
|
Wi-Fi Registration Deposit |
0.067 |
Mechanical and Workshop Equip, and Instrument |
4.808 |
|
NAAQM Project Equipment (Grant) |
0.340 |
Internet Installation |
0.504 |
|
Equipment Fund |
4.500 |
|
|
|
SAPD,J, Pathashala |
56.937 |
|
|
|
National Merit Scholarship |
0.015 |
|
|
|
Gratuity Fund |
5.000 |
|
|
|
Flag Day |
0.000 |
|
|
|
Catia Course Fee |
0.196 |
|
|
|
Processing Fee |
0.000 |
Networking Equipment and Instrument |
0.738 |
|
Seth Lalchand Hirachand Technopark |
0.075 |
Library Books |
0.782 |
|
NAMP Project Equipments(Grant) |
0.001 |
Library Book(Bank Grant) |
0.014 |
|
Walchand Institute of Information Tech. |
0.400 |
General Engg. Equipment |
0.106 |
|
P.T.C.Scholarship |
0.192 |
Air Condition Equipment |
0.179 |
|
SIC.Scholarship |
0.336 |
Electricity Fitting Equipments and Instrument |
1.884 |
|
Maintenance Allowance to B.C. Students |
0.007 |
Computer Lan |
0.701 |
|
Library Book Bank Grant |
0.376 |
Computer (DST) |
0.031 |
|
Book Bank Deposit |
0.177 |
Transformer Equipments |
0.077 |
|
Bidi Workers Scholarship |
0.017 |
Teaching Aids and Drawings Fitting |
0.343 |
|
Freeship to S.B.C. |
0.379 |
Digital Library Equipment |
0.327 |
|
Freeship to VJNT |
0.430 |
|
|
|
Freeshipto SC. |
0.090 |
|
|
|
Freeshipto O.B.C. |
0.090 |
|
|
|
Maintenance Allowance of VJNT |
0.007 |
|
|
|
G.O.!. to O.B.C. |
0.867 |
NAMP Project Equipments |
0.136 |
|
G.O.!.VJNT |
0.251 |
Energy Park Equipment |
0.004 |
|
G.O.!.S.C. Scholarship |
0.280 |
Water Connection Fitting and Equipment |
0.028 |
|
GO.!.BC Scholarship |
0.090 |
Generator Set Equipments |
0.491 |
|
G.O.LS.B.C. Scholarship |
0.405 |
Non Conventional Energy Equipment |
0.997 |
|
Shlvaji University Exam. Exps. |
0.131 |
Gymkhana Equipments |
0.039 |
|
Student Aid Fund |
0.315 |
WIT (AICTE) MODROB |
0.002 |
|
Apatklain Nidhi |
0.000 |
Gas Deposit |
0.006 |
|
Solapur University Exam. Fee |
1.519 |
Internet Deposit |
0.019 |
|
Solapur University N.S.S. |
0.014 |
Electricity Deposit |
0.026 |
|
Solapur University Exam. Exps. |
0.642 |
Telephone Deposit |
0.019 |
|
Solapur University E Suvidha Fee |
0.231 |
Shivaji University Practical I Oral Exam. Exps. |
0.167 |
|
Environmental Fee |
0.515 |
Shivaji University N.S.S. Section |
0.005 |
|
University Exam Fees |
0.000 |
Solapur University Oral/Practical Exam. Remuneration |
0.515 |
|
Solapur University Revaluation Fee |
0.000 |
Laxmi Co Bank Limited. F/D(Deficit Fund |
0.03 |
|
P.G. Grant |
0.480 |
Laxmi Co-operative Bank Limited. FID (Reserve fund) |
0.075 |
|
Ph.D. Library Deposit |
0.018 |
Grant in P.G. Course and Research Work |
0.003 |
|
LaxmiSales and Agency, Amravati |
0.000 |
Enviortech Instrument Private. Limited; |
0.002 |
|
Swift Infocom (India) Private. Limited |
0.022 |
State Bank of India Balives Br. FID |
0.2 |
|
PrecisionSales and Services, New Delhi |
0.003 |
Scholarship |
0.017 |
|
DesigntechSystem and Services, Pune |
0.000 |
Income Tax |
0.01 |
|
Data Care Corporation |
0.053 |
Registrar Consumer Dispute |
0.099 |
|
Redversal Forum, Solapur |
|||
|
|
|
Advance |
0.311 |
|
Gornale Mallu |
|||
|
|
|
Rajput Amarsing |
0.06 |
|
|
|
Karkate Baburao |
0.014 |
|
|
|
Bindage Mallu |
0.017 |
|
|
|
Mukesh Choudhar |
0.005 |
|
|
|
Suresh Godbole |
0.005 |
|
|
|
Birajdar Gurusidha Malkappa |
0.02 |
|
|
|
Amarsing Choudhari |
0.000 |
|
|
|
Datta Kale |
0.000 |
|
|
|
Pardeshi Amarsing |
0.000 |
|
|
|
Pophale Ganesh |
0.000 |
|
|
|
Satish Chalwadi |
0.000 |
|
|
|
Tulip Telecom Limited |
0.000 |
|
|
|
Vasavdatta Cement |
0.000 |
|
|
|
Party Advance During the year |
0.203 |
|
|
|
Income and Expenditure Account |
34.633 |
|
|
|
Closing Balance |
8.367 |
|
|
|
|
|
|
TOTAL |
79.860 |
|
79.860 |
INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDING 31st MARCH, 2011
|
EXPENDITURE |
RS.
IN MILLIONS |
INCOME |
RS.
IN MILLIONS |
|
|
|
|
|
|
To Salary to Teaching Staff |
55.128 |
By Fees |
125.248 |
|
To Salary to Non - Teaching Staff |
14.770 |
By Ph.D. Fees |
0.376 |
|
To Salary to Menial Staff |
9.888 |
By Other |
0.032 |
|
To Gratuity Exps. |
0.290 |
By Research Project Grant |
0.163 |
|
To Management Contribution to PF |
1.936 |
By Admission Form Fee |
0.335 |
|
To Recurring Expenses |
|
By AICTE Grant SDP on Web 2.0 |
0.163 |
|
Advertisement |
3.128 |
By ARC center Remuneration |
0.003 |
|
AICTE Grant SDP on Web 2.0 |
0.332 |
By Ashwamedh Fee |
0.016 |
|
Allumini Activity |
0.194 |
By Energy Club Grant |
0.008 |
|
Audit Fee |
0.053 |
By Interest |
0.107 |
|
BE Project |
0.167 |
By Maharashtra Energy dev. Subsidy |
0.176 |
|
Bank Commission |
0.012 |
By NAMP Project Grant |
0.305 |
|
Book Binding |
0.064 |
By Solapur University Photostate Fee |
0.008 |
|
Borewell |
0.089 |
By Solapur University Vikas Nidhi |
0.005 |
|
Building Usage |
8.461 |
By Testing and Consultancy Civil |
0.588 |
|
College Magazine |
0.208 |
By Wrokshop on PHP (CSE Dept) |
0.010 |
|
College Exam. and Stationery |
2.040 |
|
|
|
Consultancy Charges |
0.200 |
By Youth Festival |
0.019 |
|
|
|
By Deficit transferred to Balance Sheet |
11.287 |
|
Consumable for Computers |
|
|
|
|
Centre |
0.013 |
|
|
|
Civil |
0.038 |
|
|
|
CSE |
0.033 |
|
|
|
Electronics |
0.027 |
|
|
|
|
|
|
|
|
EXTC |
0.013 |
|
|
|
General Engg |
0.008 |
|
|
|
LT. |
0.017 |
|
|
|
Library |
0.009 |
|
|
|
Mechanical |
0.050 |
|
|
|
Office |
0.086 |
|
|
|
|
|
|
|
|
Laboratory Consumable |
|
|
|
|
|
|
|
|
|
Civil |
0.298 |
|
|
|
CSE (Computer) |
0.247 |
|
|
|
Electronics |
0.226 |
|
|
|
EXTC |
0.143 |
|
|
|
General Engg |
0.112 |
|
|
|
Generator Set |
0.451 |
|
|
|
LT. |
0.050 |
|
|
|
Mechanical |
0.115 |
|
|
|
Workshop |
0.457 |
|
|
|
D.S.T. Exps. |
0.004 |
|
|
|
Educational Tour |
0.562 |
|
|
|
Electrical Maintenance |
1.876 |
|
|
|
Electricity Exps |
2.525 |
|
|
|
FE Admission |
1.160 |
|
|
|
|
|
|
|
|
Faculty Research and Publication |
|
|
|
|
|
|
|
|
|
Conference and Seminar |
0.111 |
|
|
|
First Aid |
0.001 |
|
|
|
Freight and Cartraiges |
0.261 |
|
|
|
Gardening |
0.859 |
|
|
|
Gymkhana |
0.537 |
|
|
|
Insurance |
0.019 |
|
|
|
Internet Installation Charges |
0.010 |
|
|
|
Internal Road Repairs and Main |
2.446 |
|
|
|
Internet Subscription Charges |
0.452 |
|
|
|
Legal Fee |
0.160 |
|
|
|
Local Conveyance |
0.109 |
|
|
|
Maintenance to Building |
4.193 |
|
|
|
Miscellaneous |
0.347 |
|
|
|
Municipal Tax |
1.654 |
|
|
|
NAMP Project |
0.356 |
|
|
|
National Level Workshop |
0.025 |
|
|
|
Networking Equip. and Instru |
|
|
|
|
Labour Charges |
0.008 |
|
|
|
Noise Level Monitoring Charge |
0.030 |
|
|
|
P.F. Administration Charges |
0.257 |
|
|
|
P.F. Consultancy Charges |
0.012 |
|
|
|
Periodicals and E-Journals |
0.787 |
|
|
|
Postage |
0.105 |
|
|
|
Printing and Stationery |
1.067 |
|
|
|
Prize Distributio |
0.107 |
|
|
|
Repairs to Furniture |
2.739 |
|
|
|
Repairs to Machinery |
0.378 |
|
|
|
Software Annual Maint Charge |
0.038 |
|
|
|
Software Annual Subscription |
|
|
|
|
Charges |
0.298 |
|
|
|
Sports Field Maintenance |
1.541 |
|
|
|
Staff Welfare Exps |
0.036 |
|
|
|
Student Activity |
1.401 |
|
|
|
Supervision Charges |
0.079 |
|
|
|
Telephone |
0.061 |
|
|
|
Training and Placement |
1.333 |
|
|
|
Travelling |
0.677 |
|
|
|
Typing and Xeroxing |
0.162 |
|
|
|
|
|
|
|
|
University Affiliation/AICTEI |
|
|
|
|
|
|
|
|
|
NBA Fee |
1.407 |
|
|
|
Water Connection |
0.170 |
|
|
|
|
|
|
|
|
To Depreciation |
9.136 |
|
|
|
TOTAL |
138.849 |
|
138.849 |
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 |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
one year |
Yes |
|
12] |
Profitability for last
one year |
Yes |
|
13] |
Reasons for variation
<> 20% |
-- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
No |
|
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 |
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,
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 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.61.87 |
|
|
1 |
Rs.94.07 |
|
Euro |
1 |
Rs.70.19 |
INFORMATION DETAILS
|
Information
Gathered by : |
PAT |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
KVT |
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.