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Report No. : |
307084 |
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Report Date : |
11.02.2015 |
IDENTIFICATION DETAILS
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Name : |
INDIAN INSTITUTE OF TROPICAL METEOROLOGY |
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Registered
Office : |
Dr. Homi Bhabha Road, Pashan, Pune – 411008, Maharashtra |
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Country : |
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Financials (as
on) : |
Not Available |
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Date of
Foundation : |
17.11.1962 |
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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 : |
Scientific Research Institute |
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Line of Business
: |
To study the fundamental atmospheric problems and understand the mechanism
of monsoon, weather systems and climate related processes in the tropical
region, particularly over the monsoon region. |
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No. of Employees
: |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject is the Organization of Scientific Research of the Government
of India having satisfactory track record. It is a World Centre of Excellence in Basic Research on the
Ocean-Atmosphere Climate System required for improvement of Weather and
Climate Forecasts. Latest financials of the subject is not available. However, Business is active. Payment terms are reported to be usually
correct. The subject can be considered normal for business dealing 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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
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India |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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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 |
EXTERNAL AGENCY RATING
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 DENIED BY
|
Name : |
Mr. Kundan Dani |
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Designation : |
Admin Department |
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Contact No.: |
91-20-25904203 |
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Date : |
09.02.2015 |
LOCATIONS
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Registered Office : |
Dr. Homi Bhabha Road, Pashan, Pune-411008, Maharashtra, India |
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Tel. No.: |
91-20-25904200 |
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Fax No.: |
91-20-25865142 |
MEMBERSHIP
ACTING DIRECTOR
Prof. B.N. Goswami has retired from the position of Director of IITM with effect from 31st July 2014 and Dr. R. Krishnan, Scientist G & Executive Director, Centre for Climate Change Research (CCCR), IITM has taken over the charge as Acting Director of IITM with effect from 1st August 2014 vide Office Order No. MoES/18/2014-Estt. dated 31 July 2014 by Ministry of Earth Sciences (MoES).
GOVERNING
COUNCIL
A Governing Council, constituted by the Government of India,
is at the top of the administrative structure for the Institute in an advisory
capacity overseeing the policy directions and related issues, while the
Director has executive functions with day-to-day administrative control.
The following are the members of the Governing Council for the period 1 April
2012 to 31 March 2017:
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1. |
Prof.
V.K. Gaur |
Distinguished Professor, |
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2. |
Prof.
Ram Sagar |
Director |
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3. |
Dr.
R.R. Kelkar |
Retd. Director General of
Meteorology |
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4. |
Dr. J.N. Goswami |
Director |
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5 |
Prof.
U.C. Mohanty |
Centre for Atmospheric
Sciences New Delhi - 110 016. |
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6. |
Prof. J. Srinivasan |
Chairman, |
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7. |
Dr.
Swati Basu |
Director, NCMRWF, |
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8. |
Dr.
S.W.A. Naqvi |
Scientisht 'H' |
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9. |
Secretary
or his Nominee |
Ministry of Earth Sciences, |
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10. |
Shri.
Sashi Shekhar |
Additional Secretary and Financial Advisor, |
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11. |
Dr. L.S. Rathore |
Director General of
Meteorology, |
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12. |
Dr. R. Krishnan |
Acting Director |
RESEARCH ADVISORY
COMMITTEE
The Research Advisory Committee of the Institute constitutes
with the following Members. The tenure of the members would be for a period of
5 years i.e. till March 2017.
|
1. |
Prof.
V.K. Gaur |
Indian Institute of
Astrophysics |
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2. |
Prof.
Probal Chaudhari |
Indian Statistical Institute, Kolkata |
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3. |
Prof.
G.S. Bhat |
Center for Atmospheric
and |
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4. |
Prof.
Raghu Murtugudde |
University of Maryland, |
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5. |
Prof. S.
Krishnaswamy |
Physical Research Laboratory, |
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6. |
Prof.
Pradeep Mujumdar |
Indian Institute of Science |
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7. |
Dr.
R. Krishnan |
Acting Director |
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8. |
Dr.
G. Beig |
Scientist F |
FINANCE COMMITTEE
The Finance Committee of the Institute constitutes with the
following Members
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1. |
Prof. V. K. Gaur |
Chairman, Governing Council, IITM |
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2. |
Representative of Secretary |
Ministry of Earth Sciences, |
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3. |
Shri Sashi Shekhar |
Additional Secretary and Financial Advisor, |
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4. |
Dr. R. Krishnan |
Acting Director |
RESEARCH CATEGORY
DIRECTOR
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1. |
SCIENTIST-G
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SCIENTIST-F
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SCIENTIST- E
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SCIENTIST -D
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Sh. S.M.D. Jeelani (Comp.
Engg.) |
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SCIENTIST -C
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Dr. (Smt.) Aparna Krishnamurthy |
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Shri Jnaesh S.P. (Electrical
Engg.) |
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Sh. R.M.Bankar (Mech.
Engg.) |
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Sh. A.K.Saxena (Civil
Engg.) |
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Shri Mahesh
Dharua (Mech. Engg.) |
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SCIENTIST B
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SCIENTIFIC OFFICER GRADE II
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SCIENTIFIC OFFICER GRADE I
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ADMINISTRATIVE
CATEGORY JOINT MANAGER
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1 |
Sh. S.M.Hendre |
BUSINESS DETAILS
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Line of Business : |
To study the fundamental atmospheric problems and understand the mechanism
of monsoon, weather systems and climate related processes in the tropical
region, particularly over the monsoon region. |
GENERAL INFORMATION
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Suppliers : |
Not Available |
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Customers : |
Not Available |
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No. of Employees : |
Not Available |
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Bankers : |
Not Available |
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Facilities : |
-- |
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Banking
Relations : |
-- |
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Auditors : |
Not Available |
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Institutional Membership : |
1.
American Meteorological Society, U.S.A. 2.
Royal Meteorological Society, U.K. 3.
Indian Meteorological Society, New Delhi 4.
Indian Academy of Science for Current Science, Bangalore 5.
Indian Association of Hydrology, Roorkee 6.
National Association of Geographers India, New Delhi 7.
Indian Science Congress, Kolkata 8.
Deccan Geographical Society, Pune 9.
Computer Society of India, Mumbai 10.
Indian Association of Special Libraries and Information Centres,
Kolkata 11.
Indian Meritime Foundation, Pune |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Not Available |
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Borrowed : |
Not Available |
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Total : |
Not Available |
FINANCIAL DATA
[all figures are
in Rupees Millions]
NOT AVAILABLE
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] |
Locality of the firm |
Yes |
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3] |
Constitutions of the firm |
Yes |
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4] |
Premises details |
No |
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5] |
Type of Business |
Yes |
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6] |
Line of Business |
Yes |
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7] |
Promoter's background |
Yes |
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8] |
No. of employees |
No |
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9] |
Name of person contacted |
Yes |
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10] |
Designation of contact person |
Yes |
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11] |
Turnover of firm for last three years |
No |
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12] |
Profitability for last three years |
No |
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13] |
Reasons for variation <> 20% |
-- |
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14] |
Estimation for coming financial year |
No |
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15] |
Capital in the business |
No |
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16] |
Details of sister concerns |
No |
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17] |
Major suppliers |
No |
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18] |
Major customers |
No |
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19] |
Payments terms |
No |
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20] |
Export / Import details (if applicable) |
No |
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21] |
Market information |
-- |
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22] |
Litigations that the firm / promoter involved in |
-- |
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23] |
Banking Details |
No |
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24] |
Banking facility details |
No |
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25] |
Conduct of the banking account |
-- |
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26] |
Buyer visit details |
-- |
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27] |
Financials, if provided |
No |
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28] |
Incorporation details, if applicable |
No |
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29] |
Last accounts filed at ROC |
No |
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30] |
Major Shareholders, if available |
No |
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31] |
Date of Birth of Proprietor/Partner/Director, if available |
No |
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32] |
PAN of Proprietor/Partner/Director, if available |
No |
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33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
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34] |
External Agency Rating, if available |
No |
HISTORY
The need to study the fundamental atmospheric problems
and understand
the mechanism of monsoon, weather systems and climate related processes in the tropical
region, particularly over the monsoon region, became acute for India in
1950’s when the country’s post-Independence economic development program was
launched. Considering this need the World Meteorological Organization (WMO), in its Third
Congress, recommended the creation of meteorological research and training
institutes in the tropical countries. The proposal was formally approved by the Government of India in
February 1962 as one of the schemes under its Third Five Year Plan and finally
the Institute was founded as the Institute of Tropical Meteorology (ITM) on 17 November,
1962 at Pune (the then Poona), as a distinct unit of the India Meteorological
Department (IMD).Consequent upon the recommendation of the Committee for
Organization of Scientific Research (COSR) appointed by the Government of India
the Institute was transformed into an autonomous organization on 1st April 1971 under
the name Indian Institute of Tropical
Meteorology (IITM). In the initial
years, along with the IMD, the Institute functioned under the Ministry of Tourism
and Civil Aviation, but later in 1985, it was brought under the Department of
Science and Technology (DST) of the Ministry of Science & Technology and
now, with effect from 12 July 2006 the IITM has been under the administrative
control of the specially formed Ministry of Earth
Sciences (MoES).
Since its
inception the Institute was functioning in Ramdurg House, one of the buildings
of the IMD at Shivaji Nagar and at a few places on rental basis in Pune till
IITM has its own building at Pashan. The campus at Pashan was developed in
phased manner and some of the Divisions started functioning there from 1982 and
the whole Institute from 1989.
IITM is a
premiere research Institute to generate scientific knowledge in the field of
meteorology and atmospheric sciences that has potential application in various
fields such as agriculture, economics, health, water resources, transportation,
communications, etc. It function as a national centre for basic and applied
research in monsoon meteorology.
The
Institute has a pride of place in the career of many eminent scientists,
globally known for their contributions in Meteorology and Atmospheric Sciences.
Prominent amongst them are late Prof. P.R.
Pisharory, late Prof. R. Ananthakrishnan, Prof. G.C.
Asnani, Dr. R.P. Sarkar, Shri D.R. Sikka, Prof. R.N. Keshavamurty,
Dr. R.R. Kelkar, Prof. Jagdish Shukla, Prof. Sulochana Gadgil,
etc
FUTURE PLANS
IITM has widened its objectives and scope of research
activities, from time to time, to meet the critical challenges and the national
needs for providing information relating to various aspects of atmosphere and
the increasing concern among the Government and general public about a variety
of environmental issues. To achieve its mission objectives, IITM has the
following future plans:
·
To build a firm foundation in basic
research on all aspects of tropical atmosphere-land-ocean system contributing
to the improvement of weather and climate forecasts.
·
To have reliable extended range
prediction of the monsoon through development of a system for long range
prediction of seasonal mean monsoon and extended range prediction of
active/break spells.
·
To develop major infrastructure
required to improve the understanding of basic physics of tropical climate
system through observations.
·
To produce a good number of trained
manpower to work on monsoon prediction and address other vital problems in
Meteorology.
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.62.14 |
|
|
1 |
Rs.94.79 |
|
Euro |
1 |
Rs.70.38 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
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Analysis Done by
: |
DIV |
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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 |
- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.