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Report No. : |
343111 |
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Report Date : |
02.10.2015 |
IDENTIFICATION DETAILS
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Name : |
MAHATMA GANDHI MISSION’S COLLEGE OF ENGINEERING AND TECHNOLOGY |
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Registered
Office : |
At Junction NH4 and Sion - Panvel Expressway, Kamothe, Navi Mumbai - 410209, Maharashtra |
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Tel. No.: |
91-22-65138119 |
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Country : |
India |
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Financials (as
on) : |
Not Available |
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Year of
Establishment : |
1982 |
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Capital
Investment / Paid-up Capital : |
Not Divulged |
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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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PAN No.: [Permanent Account No.] |
Not Available |
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Legal Form : |
Educational Institution |
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Line of Business
: |
Chain of educational institutions. |
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No. of Employees
: |
Information declined by the Management
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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 Behavior : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject is an educational institution set up by the Mahatma Gandhi
Mission, a Charitable Trust Act 1950 and Societies Regulation Act 1860. It
was founded 1982 and is affiliated to University of Mumbai and approved by
AICTE, New Delhi. Since its inception, it has developed into an excellent educational
group and is totally committed to human resource development. Now, it is a chain of engineering, medical, nursing, management,
dental, physiotherapy, science, journalism and fine arts spread over five
educational centers, navi mumbai, aurangabad, nanded, nodia, parbhani. In view of established position in the education sector and
experienced management team, subject can be considered for business dealings
at usual trade terms and conditions.
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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
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Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
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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
31-03-2015.
INFORMATION DENIED
MANAGEMENT NON-COOPERATIVE
Contact No: 91-22-65138119
LOCATIONS
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Registered Office : |
At Junction NH4 and Sion - Panvel Expressway, Kamothe, Navi Mumbai - 410209, Maharashtra, India |
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Tel. No.: |
91-22-65138119 |
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Fax No.: |
91-22-2742340 |
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E-Mail : |
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Website : |
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Educational Centers : |
Located at:
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MANAGEMENT
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Name : |
Mr. Kamal Kishore Kadam |
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Designation : |
Chairman |
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Name : |
Dr. S. N. Kadam |
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Designation : |
Director |
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Name : |
Dr. N.N. Kadam |
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Designation : |
Director |
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Name : |
Prof. K. G. Naryan Khedkar |
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Designation : |
Director |
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Name : |
Dr. Santosh K. Narayankhedkar |
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Designation : |
Principal |
BUSINESS DETAILS
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Line of Business : |
Chain of educational institutions. |
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Products : |
Not Available |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Available |
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Imports : |
Not Available |
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Terms : |
Not Divulged |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the Management
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Bankers : |
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Auditors : |
Not Divulged |
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Memberships : |
----- |
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Collaborators : |
----- |
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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 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 |
WEBSITE DETAILS:
PROFILE:
About- MGM
Institution
MGM College of engineering and technology (MGMCET) is governed by Mahatma Gandhi Mission, A Charitable Trust, Registered under the Bombay Public Trust Act 1950 and Societies Regulation Act 1860. Since its inception in 1982, Mahatma Gandhi Mission has developed into an excellent educational group and is totally committed to human resource development. MGM has now a chain of Engineering, Medical, Nursing, Management, Dental, Physiotherapy, Science, Journalism and Fine Arts spread over five educational centers, Navi Mumbai, Aurangabad, Nanded, Noida, Parbhani.
In continuation of its proud tradition of enriching the human resource needs of the country, the Mission has set up in 1986, our institute MGM’s College of Engineering and Technology, Kamothe, Navi Mumbai. The objective of the institution is to impart value based quality engineering education by combining academics with exposure to industry. With this view in mind it provides state –of-the art infrastructure facilities and academic resources to its students. College is affiliated to University of Mumbai and approved by AICTE, New Delhi. MGM CET is awarded with ISO- 9001-2000 Certification by RINA for providing technical education in Engineering field as per the guidelines of University of Mumbai. The institute is one of the few engineering colleges to achieve this international standard for implementing and maintaining Quality Management System.
The four courses viz. Computer, Bio medical, Electronics and Telecommunications and Civil are accredited by National Board of Accreditation (NBA). MGM CET is housed in a spacious Campus near Panvel at the junction of NH-4 and Bombay – Pune Expressway, but in modern style of Architecture, best suited to secure the requisite effect of simplicity and dignity which should be associated with a technological institute. It maintains picturesque and lush green gardens around to provide a soothing atmosphere conducive to learning. Admission to the institute is as per the procedure laid down by Directorate of Technical Education, Maharashtra State.
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 |
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US Dollar |
1 |
Rs. 65.55 |
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1 |
Rs. 99.17 |
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Euro |
1 |
Rs. 73.08 |
INFORMATION DETAILS
|
Information Gathered
by : |
PPT |
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Analysis Done by
: |
HNA |
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Report Prepared
by : |
SANS |
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
unfavorable 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 |
|
<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.