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MIRA INFORM REPORT
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Report No. : |
484280 |
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Report Date : |
03.01.2018 |
IDENTIFICATION DETAILS
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Name : |
INSTITUTE OF CHARTERED FINANCIAL ANALYSTS OF INDIA |
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Registered
Office : |
Narman Centre, Unit No. 103, 1st Floor, Bandra Kurla
Complex, G Block, Bandra [East], Mumbai-400051, Maharashtra |
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Tel No.: |
91-22-61798900 |
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Country : |
India |
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Financials (as
on) : |
Not Available |
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Year of
Establishment : |
1984 |
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Capital Investment
: |
Not Divulged |
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IEC No.: |
Not Divulged |
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TIN No.: |
Not Divulged |
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GST No.: |
Not Divulged |
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PAN No.: [Permanent Account No.] |
Not Divulged |
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Legal Form : |
Education Institution |
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Line of Business
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Providing Educational Services. [Indirect Sources] |
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No. of Employees
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Information declined by the management |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
A |
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Credit Rating |
Explanation |
Rating Comments |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Institute of Chartered Financial Analysts of India (ICFAI) was established in the year 1984 in Telangana, India. It is engaged in providing educational services. The institution was founded by N.J. Yasaswy, Besant C. Raj and Dr. Prasanna Chandra, the Director of Centre for Financial Management. It has been offering education to students across India through its various programs in the field of higher education. In addition, the institute is engaged in important areas of research covering environmental sustainability, agricultural economics, health policy, financial economics, banking, intellectual property rights etc. ICFAI Group has 2 Strategic Institutional Units, the ICFAI Universities and the ICFAI Business Schools. It has established 11 Universities across India. The ICFAI Universities are located at Hyderabad [The ICFAI Foundation for Higher Education (IFHE), which is a Deemed University], and Dehradun, Himachal Pradesh (Baddi), Jaipur, Jharkhand, Meghalaya, Mizoram, Nagaland, Raipur, Sikkim and Tripura are state established private Universities. Payments are reported to be regular. In view of aforesaid, the subject can be considered 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, name and date.
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 31-03-2016.
BIFR (Board for Industrial & Financial Reconstruction) LISTING
STATUS
Subject’s name is not listed as a Sick Unit in
the publicly available BIFR (Board for Industrial & Financial
Reconstruction) list as of 03.01.2018
IBBI (Insolvency and Bankruptcy Board of India) LISTING STATUS
Subject’s name is not listed in the publicly
available IBBI (Insolvency and Bankruptcy Board of India) list as of report
date.
INFORMATION DECLINED BY
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Name : |
Mr. Harshad |
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Designation : |
Operational Manager |
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Contact No.: |
91-22-61798900 |
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Date : |
03.01.2018 |
LOCATIONS
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Registered Office : |
Narman Centre, Unit No. 103, 1st Floor, Bandra Kurla
Complex, G Block, Bandra [East], Mumbai-400051, Maharashtra, India |
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Tel. No.: |
91-22-61798900 |
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Fax No.: |
Not Available |
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Website : |
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Located at: · Mumbai · Gurgaon · Kolkata · Pune · Dehradun · Jaipur |
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ICFAI Universities
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Located at: · The ICFAI University, Sikkim · The ICFAI University, Nagaland · The ICFAI University, Jaipur · The ICFAI University, Dehradun · The ICFAI University, Meghalaya · The ICFAI University, Mizoram · The ICFAI University, Himachal Pradesh · The ICFAI University, Tripura |
MEMBERS
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Founder : |
KEY EXECUTIVES
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Name : |
Mr. Harshad |
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Designation : |
Operational Manager |
BUSINESS DETAILS
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Line of Business : |
Providing Educational Services. [Indirect Sources] |
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Brand Names : |
“ICFAI” |
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Agencies Held : |
Not Divulged |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
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Selling : |
Not Divulged |
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Purchasing : |
Not Divulged |
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 : |
Not Divulged |
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Collaborators : |
Not Divulged |
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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 ANALYSIS
[all figures are
in INR Million]
NOT DIVULGED
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 |
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 |
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:
INTRODUCTION
The Institute of Chartered Financial
Analysts of India (ICFAI) is a not-for-profit Society registered under the
Andhra Pradesh (Telangana Area) Public Societies Registration Act, 1350 Fasli
(Act I of 1350 F). Established in the year 1984 with an objective of imparting
world-class high quality education. ICFAI has around three decades of exemplary
track record in the field of higher education. It launched the certification
program for Financial Analysts, the CFA Program in 1985 and has been
instrumental in developing a new generation of professionals in India. In the
year 1995 ICFAI set up the Icfai Business Schools (IBSs) all over India at
eight locations to offer high quality employment oriented two years Post
Graduate Programs in Management with various specializations. Over the years,
IBS Hyderabad is ranked among the top ten B-Schools in India in the independent
surveys conducted by various magazines.
In keeping with its vision of fostering the
growth of high quality higher education and to improve access, promote equity
and to encourage excellence ICFAI has sponsored 11 Private Universities in
different States leading to Pan-Indian presence of ICFAI Universities. ICFAI
Group is one of the largest Private Universities Group in India.
ICFAI University publish over 300 case
studies every year; professional quarterly research journals in various fields
of management, finance, science & technology, law, economics and liberal
arts.
VISION
To establish a Pan-Indian network of
Research and Teaching Universities in different states to ensure high quality
academic delivery and to promote a strong research culture among the faculty
members.
To deliver career-oriented educational programs
of quality and develop an expanding pool of faculty members through rigorous
Ph.D Program. To collaborate with leading Universities/Institutions for
student-exchange and faculty-exchange programs.
To become a socially-responsible University network
to improve access, to promote equity and to encourage excellence.
MISSION
The primary mission of ICFAI is to create a
cadre of professional men and women who have been imparted specialized skills,
who have learnt to consider problems from a broad perspective and who have
acquired a heightened sense of moral and social responsibility that their
future positions of leadership demand of them. In short the Mission is:
“Learning for Leadership”.
PROFILES OF ICFAI
UNIVERSITIES
ICFAI has already established the ICFAI
Universities in the following States under respective State legislations.
Uttarakhand, Tripura, Sikkim, Mizoram,
Meghalaya, Jharkhand, Nagaland, Rajasthan, Chhattisgarh, Himachal Pradesh
and a deemed university at Hyderabad.
- The
ICFAI University, Dehradun
The ICFAI University, Tripura
The ICFAI University, Sikkim
The ICFAI University, Mizoram
The ICFAI University, Meghalaya
The ICFAI University, Jharkhand
The ICFAI University, Nagaland
The ICFAI University, Jaipur
The ICFAI University, Raipur
The ICFAI University, Himachal Pradesh
The ICFAI Foundation for Higher Education (Deemed University), Hyderabad
SOCIAL CONTRIBUTIONS
ICFAI has contributed in several ways to the
society
• Significant
investments in campus development (without seeking any external assistance from
State Government/Central Government/North East Council).
• Bringing quality higher education to the
door-step of students in different States in terms of curriculum, pedagogy,
courseware and evaluation processes developed over 25
years.
• The ICFAI University is present in 5 (Tripura,
Sikkim, Mizoram, Meghalaya, Nagaland) out of 8 land locked North East
States.
• ICFAI Universities are set-up in other
educationally under-developed States also; Dehradun (Uttarakhand), Ranchi
(Jharkhand), Raipur (Chattisgarh).
• Preference to local students and
teachers.
• Merit-based admissions, no management quota,
no capitation fee/donation.
• Placement opportunities throughout India
through balanced development of right knowledge, soft skills and positive
attitudes.
• Faculty development programs
• Creating employment for teaching and
non-teaching staff.
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 records 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 |
INR 63.67 |
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1 |
INR 85.11 |
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Euro |
1 |
INR 76.59 |
INFORMATION DETAILS
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Information
Gathered by : |
PNM |
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Analysis Done by
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PRY |
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Report Prepared
by : |
RUP |
SCORE FACTORS
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DEMERIT POINTS |
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--BANK CHARGES |
YES/NO |
NO |
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--LITIGATION |
YES/NO |
NO |
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--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
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MERIT POINTS |
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--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
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--EXPORT ACTIVITIES |
YES/NO |
NO |
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--AFFILIATION |
YES/NO |
NO |
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--LISTED |
YES/NO |
NO |
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--OTHER MERIT FACTORS |
YES/NO |
YES |
RATING EXPLANATIONS
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Credit Rating |
Explanation |
Rating Comments |
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A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
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A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
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D |
High Risk |
Business dealing not recommended or on
secured terms only |
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NB |
New Business |
No recommendation can be done due to
business in infancy stage |
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NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
This score serves as
a reference to assess SC’s credit risk and to set the amount of credit to be
extended. It is calculated from a composite of weighted scores obtained from
each of the major sections of this report. The assessed factors are as follows:
·
Financial condition covering various ratios
·
Company background and operations size
·
Promoters / Management background
·
Payment record
·
Litigation against the subject
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Industry scenario / competitor analysis
·
Supplier / Customer / Banker review (wherever
available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.
·