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MIRA INFORM REPORT
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Report No. : |
486738 |
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Report Date : |
18.01.2018 |
IDENTIFICATION DETAILS
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Name : |
PRAJWALA |
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Registered
Office : |
Survey No. 64/2, 65/3, Basavaguda Road, Mankhal (Village), Maheshwaram
(Mandal), District: Ranga Reddy – 501359, Telangana |
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Tel. No.: |
91-8414-237305 |
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Country : |
India |
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Financials (as
on) : |
Not Divulged |
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Year of
Establishment: |
1996 |
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Capital
Investment / Paid-up Capital : |
Not Divulged |
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TIN No.: |
Not Available |
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IEC No.: |
Not Divulged |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
Not Divulged |
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GSTIN/UIN : |
Not Divulged |
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Legal Form : |
Non-Governmental Organisation |
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Line of Business
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The organisation actively works in the areas of prevention, rescue, rehabilitation, reintegration and advocacy to combat trafficking in every dimension and restore dignity to victims of commercial sexual exploitation. (From indirect source) |
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No. of Employees
: |
500 (Approximately) |
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 : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject is a non-governmental organisation based in Hyderabad, India and was founded in 1996 by Ms. Sunitha Krishnan and Brother Jose Vetticatil. It is devoted exclusively to eradicating forced prostitution and sex trafficking. The organisation actively works in the areas of prevention, rescue, rehabilitation, reintegration and advocacy to combat trafficking in every dimension and restore dignity to victims of commercial sexual exploitation. Currently, Prajwala runs 17 transition centres for children of women in prostitution along with crisis counselling centres in police stations, a production-cum-training unit for economic rehabilitation. It also forms partnerships with local communities, civil society, corporate agencies and government bodies on various aspects of prevention, protection and prosecution throughout India and the world. Prajwala has received several national and international awards for its outstanding efforts which are including AGFUND International Award, National Award for Child Welfare from the Government of India in February, 2009, EdelGive Social Innovation Award, etc. In view of the aforesaid, the organisation 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.
ECGC Country Risk Classification List
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Country Name |
Previous Rating (30.06.2017) |
Current Rating (30.09.2017) |
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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 Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
D |
EXTERNAL AGENCY RATING
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Rating Agency Name |
Not Available |
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Rating |
Not Available |
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Rating Explanation |
Not Available |
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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
31-03-2016.
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 18.01.2018
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 DENIED
MANAGEMENT NON-COOPERATIVE (Tel. No.: 91-8414-237305)
LOCATIONS
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Registered Office : |
Survey No. 64/2, 65/3, Basavaguda Road, Mankhal (Village), Maheshwaram
(Mandal), District: Ranga Reddy – 501359, Telangana, India |
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Tel. No.: |
91-8414-237304/ 237305 |
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Fax No.: |
Not Available |
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E-Mail : |
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Website : |
MANAGEMENT
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Name : |
Ms. Sunitha Krishnan |
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Designation : |
Founder |
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Name : |
Brother Jose Vetticatil |
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Designation : |
Founder |
BUSINESS DETAILS
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Line of Business : |
The organisation actively works in the areas of prevention, rescue, rehabilitation, reintegration and advocacy to combat trafficking in every dimension and restore dignity to victims of commercial sexual exploitation. (From indirect source) |
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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 : |
500 (Approximately) |
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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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Sister Concern: |
Not Divulged |
CAPITAL STRUCTURE
NOT DIVULGED
FINANCIAL DATA
[all figures are
in INR Million]
NOT DIVULGED
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 |
Yes |
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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
ABOUT PRAJWALA
Prajwala is a pioneering anti-trafficking organization working on the issue of sex trafficking and sex crime. Established in the year 1996 in South India, Prajwala has pan India and International operations. Prajwala works on the five pillars of Prevention, Protection, Rescue, Rehabilitation and Reintegration. In the last one decade it has become one of the most powerful voices nationally and globally for ensuring holistic victim services.
HISTORY
The philosophy of Prajwala evolved after the oldest red light district of Hyderabad city, Mehboob ki Mehindi, was forcibly evacuated in 1996. As a result, thousands of women caught in the clutches of prostitution were suddenly uprooted, homeless and displaced. Based on the women’s plea for a dignified future for their children, two visionaries—a Catholic Missionary named Brother Jose Vetticatil and a then Hindu nun Ms. Sunitha Krishnan—joined forces to initiate an intervention to prevent minors from entering the sex trade. This program, called Prevention Through Education, initially consisted of a small school run out of a vacated brothel.
The ongoing process of interaction with the women posed a threat to the traffickers, the middle-men, and the brokers, which led to a long challenge and struggle for the core team of Prajwala. The founders were faced with life-threatening situations a number of times, which they braved through with the conviction that a viable alternative is possible. The enormity of the situation and the vastness of the task did not stop Prajwala from making a small change in this community. As the journey progressed, Prajwala’s reach expanded to meet the multifold needs of victims and establish a wide range of anti-trafficking initiatives, with full faith in people’s participation in the process of social transformation.
THE APPROACH
Over the years, Prajwala evolved need-based interventions through a multi-pronged, strategic approach consisting of five pillars: prevention, rescue, rehabilitation, reintegration and advocacy.
Prevention
Prajwala uses value-based education as a primary tool to prevent children of women in prostitution from entering the flesh trade. The organisation’s transition centers in Hyderabad function as bridging schools which not only foster the overall development of the children, but also equip them with the necessary psychosocial and scholastic skills to ensure a bright future that breaks the cycles of poverty and social exclusion. Mothers as well as local leaders serve as key contributors and partners in this program. Till date these centers have reached out to over 7,000 children and prevented them from being inducted into inter-generational prostitution.
The organisation also builds the capacities of individuals and groups through active linkage with community members, police and district administration to create a zero tolerance for commercial sexual exploitation. In 2011, Prajwala initiated a mass campaign called Men Against Demand (MAD), which mobilises men to take a stand against seeking paid sex and encourages them to fight against sex trafficking by abolishing its demand. Since its inception, Prajwala’s Community-based Prevention Program has sensitised over 8 million people.
Rescue
In the initial years, Prajwala had negative experiences with cops, so the Rescue and Restoration Program team worked independently, without police cooperation. However, when a member of the team—an ex-pimp—was brutally murdered in 1999, Prajwala began collaborating with law enforcement officials to conduct joint rescue operations.
Sometimes, the men pose as customers, either to act as decoys during a raid or to gather information about a brothel. Survivors work as counselors, giving immediate guidance to the terrified rescued girls. None of them have weapons, and the threat of violence is constant. But Prajwala offers its employees something precious—the opportunity to make a profound impact in people’s lives day after day.
Today, Prajwala regularly partners with Anti-Human Trafficking Units (ATHUs), State CID inspectors and Women Protection Cells across India to investigate and rescue women from the flesh trade. The organisation extends moral, financial, legal and social support to victims and ensures that perpetrators are brought to justice. Prajwala also operates three Crisis Counseling Centers in police stations at entry and exit points throughout Hyderabad to identify minors in prostitution and intercept trafficking cases. So far, the organisation has rescued over 9,500 victims from commercial sexual exploitation.
Rehabilitation
In order to address the multi-dimensional needs of trafficked victims, Prajwala facilitates psychological, economic and civic aspects of rehabilitation for rescued children and adults.
Prajwala has built a residential shelter home 65 km close to Hyderabad to provide a safe and healing environment for young women and girls rescued from the flesh trade. When they first arrive, victims often attempt to escape or commit suicide due to extreme post-traumatic stress disorder, Stockholm Syndrome and life-threatening diseases such as HIV/AIDS, which is why crisis counseling and psychosocial support is provided to aid the healing process. With the help of social workers, medical staff, caretakers and teachers, Prajwala also provides health care, education, yoga & meditation, nutritious diet, therapeutic programs and activities, and life-skills and vocational training.
As part of economic empowerment, Prajwala helps survivors acquire the skills and capacities needed to gain a dignified livelihood and thrive independently. In the small-scale production-cum-training unit, survivors become experts in non-conventional trades such as welding, bookbinding, carpentry, desktop publishing and screen printing.
Prajwala’s focus has been on tapping the innate potential and strengths of these survivors in ventures aimed at their re-integration into the mainstream society as equals. This means capitalising on the strength that the girls were forced to acquire – their fearlessness and lack of inhibition.
The economic rehabilitation strategy involves intensive need and aptitude-based research, combined with market assessment in order to produce viable and sustainable economic opportunities. Prajwala works in cooperation with the corporate sector to place survivors in jobs according to their interests, such as taxi drivers, camera operators, housekeepers, security guards, nursing attendants, masons and more. Over the years, hundreds of survivors have been trained in the production-cum-training unit and secured employment outside of the organisation in service, hospitality, and construction industries.
Prajwala’s final phase of rehabilitation entails gaining a civic identity through provision of immediate relief benefits, housing, health, ration and electoral photo identification cards. Over the years, 521 survivors have been given housing under the weaker section‘s housing scheme—a subsidised government welfare program. As Nirbhaya project advisor in Kerala, Ms. Krishnan has also successfully appealed the government to provide financial compensation to minor rape victims.
Reintegration
In order to help survivors successfully reintegrate into mainstream society, Prajwala reunites them with their families, arranges for their marriage and supports independent living arrangements. In 2007, Prajwala launched the survivor’s movement Aparajita (meaning “those who remain undefeated against all odds”), which is a network for reintegrated survivors to access social support and a platform for advocacy. A two-day National Survivor’s Conference was organised by Prajwala in 2011 in which 40 Aparajita members prepared a charter on the course to be adopted in rescue and rehabilitation of trafficked victims, which was presented to the Supreme Court to implement as a Victim Protection Protocol.
Advocacy
Prajwala has worked relentlessly to bring about a change in the attitude of India’s government for victim-friendly policies as well as awareness regarding sex trafficking, through political, legal and media advocacy.
FOUNDERS
Ms. Sunitha Krishnan is a rare breed of individual who has committed her life as a full-time volunteer in Prajwala. A mental health professional, she has done extensive research and is essentially a field practitioner. She has been instrumental in rescuing thousands of children from severely abusive conditions and restoring childhood to them. Ms. Sunitha Krishnan is making it possible for India's government and citizens organisations to manage jointly a range of protective and rehabilitative services for children and women who have been trafficked for commercial sexual exploitation. For her efforts in the anti-trafficking sector she has been awarded Stree Shakthi Puraskar (National Award), Perdita Huston Human Rights Award and the World of Children Health Award.
Bro Jose Vetticatil was an engineer by training. As a brother belonging to the order of Montfort Brothers of St. Gabriel, Bro Jose was committed to the cause of deprived for 28 years. He was involved in post-earthquake rehabilitation efforts in Latur. His main contribution was in the field of technical training for deprived boys. As the Director of Boys Town, a reputed technical training institute, Bro Jose was instrumental in creating a self-sustaining production-cum-training center. As the erstwhile president of Prajwala, Bro Jose was not only the guiding force behind all interventions but also the master mind behind all the economic rehabilitation programs. After leading Prajwala for over 9 years and shaping all its interventions, Bro Jose Vetticatil died on 18 September 2005.
AWARDS AND
RECOGNITION
Prajwala has received several national and international awards for its outstanding efforts:
- In April, 2008, Prajwala won the prestigious AGFUND International Award for its pioneering work to Combat Trafficking of Women and Children through Community Partnership.
- Prajwala received the National Award for Child Welfare from the Govt. of India in February, 2009 for the exceptional services it renders to prevent child trafficking and its outstanding efforts to rescue and rehabilitate child victims of sex trafficking.
- Edelgive Foundation, the philanthropic arm of Edelweiss Capital, conferred the EdelGive Social Innovation Award to Prajwala in 2011 for its path-breaking work on economic security and livelihoods of victims of trafficking.
Based on her courageous and tireless work as an anti-trafficking crusader, Prajwala’s founder Ms. Sunitha Krishnan has also received numerous accolades and honors including Real Heroes Award from Reliance Foundation and CNN-IBN (2008), Trafficking in Persons (TIP) Report Heroes from US Department of State (2009), John Jay College of Criminal Justice Awards (2011), Vanitha Woman of the Year Award (2011), Living Legends Award from Human Symphony Foundation (2013), Godfrey Phillips National Bravery Award 2013, and People of the Year award from Limca Book of, 2014.
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
|
Currency |
Unit
|
INR |
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US Dollar |
1 |
INR 63.97 |
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|
1 |
INR 88.12 |
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Euro |
1 |
INR 78.34 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYA |
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Analysis Done by
: |
PSD |
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Report Prepared
by : |
SUD |
SCORE FACTORS
|
DEMERIT POINTS |
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--BANK CHARGES |
YES/NO |
NO |
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--LITIGATION |
YES/NO |
NO |
|
--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 |
|
--LISTED |
YES/NO |
NO |
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--OTHER MERIT FACTORS |
YES/NO |
YES |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
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
·
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.