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MIRA
INFORM REPORT
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Report No. : |
495010 |
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Report Date : |
03.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
CENTRE FOR DEVELOPMENT OF ADVANCED COMPUTING |
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Registered
Office : |
Pune University Campus, Ganesh Khind, Pune - 411007, Maharashtra |
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Tel. No.: |
91-20-25704100 |
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Country : |
India |
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Financials (as
on) : |
31.03.2016 [Consolidated] |
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Year of
Establishment : |
March 1988 |
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Capital
Investment : |
INR 3183.513 Million |
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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 : |
Scientific Society of the Department of Information Technology, Ministry of Communications and Information Technology, Government of India |
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Line of Business
: |
Subject is engaged in Carrying Out R & D in IT, Electronic and
Associated Area. [Confirmed by Management] [ |
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No. of Employees
: |
3000 [Approximately] |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
A+ |
|
Credit Rating |
Explanation |
Rating Comments |
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A+ |
Low Risk |
Business dealings permissible with low
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 : |
Centre for Development of Advanced Computing (C-DAC) is an Autonomous Scientific Society of Department of Electronics and Information Technology (DeitY), Ministry of Communications and Information Technology, Government of India. The National Centre for Software Technology (NCST), ER&DCI and CEDTI were merged into C-DAC in 2003
|
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 03.03.2018.
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 PARTED BY [PARTIAL DETAILS]
|
Name : |
Mr. Sunil Kulkarni |
|
Designation : |
Finance Manager |
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Contact No.: |
91-20-25704100 |
|
Date : |
28.02.2018 |
LOCATIONS
|
Registered/ Corporate Office : |
Pune University Campus, Ganesh Khind, Pune - 411007, Maharashtra, India
|
|
Tel. No.: |
91-20-25704100 |
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Fax No.: |
91-20-25694004 |
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Website : |
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Location : |
Owned |
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Locality : |
Commercial |
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Branch Offices: |
Located at: · Bangalore · Chennai · New Delhi · Hyderabad · Kolkata · Chandigarh · Mumbai · Noida · Pune · Silchar · Thiruvananthapuram |
MEMBERS
|
Name : |
Mr. Ravi Shankar Prasad |
|
Designation : |
Chairman, Governing Council, C-DAC and Honble Minister, Ministry of
electronics and Information Technology, New Delhi, Govt. of India |
|
|
|
|
Name : |
Dr. Aruna Sharma |
|
Designation : |
Vice Chairman, Governing Council C-DAC and Secretary, Ministry of
Electronics and Information Technology, New Delhi, Govt. of India |
|
|
|
|
Name : |
Prof. Ashutosh sharma |
|
Designation : |
Member, Governing Council, C-DAC and Secretary, Department of Science,
Technology, New Delhi, Govt. of India |
|
|
|
|
Name : |
Dr. Girish Sahni |
|
Designation : |
Member, Governing Council, C-DAC and Secretary, Department of
Scientific and Industrial, Resarch and DG, CSIR,, New Delhi, Govt. of India |
|
|
|
|
Name : |
Dr. Ajay Kumar |
|
Designation : |
Member, Governing Council C-DAC and additional secretary, Ministry of
Electnocs and Information Technology, New Delhi, Govt. of India |
|
|
|
|
Name : |
Ms. Anuradha Mitra |
|
Designation : |
Member, Governing Council, C-DAC and Joint Secretary and Financial
Advisor, Ministry of electronics and Information Technology, New Delhi, Govt.
of India |
|
|
|
|
Name : |
Mr. Rajiv Kumar |
|
Designation : |
Member, Governing Council C-Dac and Joint Secretary Ministry of
Electronics and Information Technology, New Delhi, Govt. of India |
|
|
|
|
Name : |
Dr. Debashis Dutta |
|
Designation : |
Member, Governing Council, C-DAC and Group Coordinator (R&D in
IT), Ministry of Electronics and Information Technology, New Delhi, Govt. of
India |
|
|
|
|
Name : |
Prof. Gautam Barua |
|
Designation : |
Member, Governing Council, C-DAC and Director, IIT Guwahati, Guwahati |
|
|
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|
Name : |
Prof. B N Jain |
|
Designation : |
Member, Governing Council, C-DAC and Department of Computer Science
and Engineering, Indian Institute of Technology Delhi |
|
|
|
|
Name : |
Mr. Ajit Balakrishnan |
|
Designation : |
Member, Governing Council, C-DAC and Chirman and CEO, Rediff.com India
Limited, Mumbai |
|
|
|
|
Name : |
Mr. Kiran Karnik |
|
Designation : |
Member, Governing Council, C-DAC, New Delhi |
|
|
|
|
Name : |
Dr. A S Kiran Kumar |
|
Designation : |
Member, Governing Council, C-DAC and Chairman, India space Research
Organisation, Antarikh Bhavan, Bangalore |
|
|
|
|
Name : |
Mr. Rajendra Kumar Tiwari |
|
Designation : |
Member, Governing Council, C-DAC and Principal Secretary, IT, Lucknow,
Uttar Pradesh |
|
|
|
|
Name : |
Mr. P H Khurian |
|
Designation : |
Member, Governing Council C-DAC and Principal Secretary, (IT),
Vellayambalam, Thiruvananthapuram, Kerala |
|
|
|
|
Name : |
Prof. Rajat Moona |
|
Designation : |
Member, Governing Council C-DAC and Director General, C-DAC |
|
|
|
|
Name : |
Col. Anoop Kumar Khare (Retd.) |
|
Designation : |
Secretary, Governing Council C-DAC and Registrar, C-DAC |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in Carrying Out R & D in IT, Electronic and Associated
Area. [Confirmed by Management] [ |
|
|
|
|
Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
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Products : |
Raw Material |
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Countries : |
· USA · Hong Kong |
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Imports : |
Not Available |
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|
|
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Terms : |
|
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Selling : |
L/C |
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Purchasing : |
L/C |
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
End Users and Other (Government)
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No. of Employees : |
3000 [Approximately] |
||||||||||||||||||||||
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Bankers : |
|
|
Auditors : |
B N Adke and Company Chartered Accountants |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
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|
|
|
Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
AS ON 31.03.2016 [CONSOLIDATED]
|
Particulars |
INR
in Million |
|
Balance as at the beginning of the year |
3217.671 |
|
Add: Surplus as per income and expenditure account |
28.084 |
|
Less: Own contribution to core/projects and other adjustment/ transfer |
62.242 |
|
|
---------- |
|
Total : |
3183.513 |
FINANCIAL ANALYSIS
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET [CONSOLIDATED]
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
CORPOUS/CAPITAL FUND AND LIABILITIES |
|
|
|
|
Corpous/capital fund |
3183.513 |
3217.671 |
3108.312 |
|
Reserve and surplus |
1625.333 |
1556.347 |
1503.926 |
|
Earmarked and endowment funds |
1640.687 |
1423.806 |
683.644 |
|
Secured/unsecured loan from bank |
10.000 |
49.000 |
95.000 |
|
Current liabilities and provisions |
1113.110 |
936.121 |
950.976 |
|
Total |
7572.643 |
7182.945 |
6341.858 |
|
|
|
|
|
|
ASSETS |
|
|
|
|
Fixed assets |
|
|
|
|
Acquired out of own funds |
331.455 |
326.494 |
371.773 |
|
Acquired out of grant in aid |
1357.660 |
1313.477 |
1258.911 |
|
Acquired out of project grant |
267.674 |
242.870 |
245.015 |
|
Current assets, loan, advances etc. |
5615.854 |
5300.104 |
4466.159 |
|
Miscellaneous expenditure |
0.000 |
0.000 |
0.000 |
|
Total |
7572.643 |
7182.945 |
6341.858 |
PROFIT
& LOSS ACCOUNT [CONSOLIDATED]
|
Particulars |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
INCOME |
|
|
|
|
Income from sales/services |
672.594 |
580.866 |
617.722 |
|
Grants/subsidies |
537.070 |
808.727 |
996.617 |
|
Fees/subscription |
698.216 |
606.684 |
584.561 |
|
Income from investments (income on investments from earmarked/endowment funds transferred to funds) |
0.000 |
0.000 |
0.000 |
|
Interest earned |
247.544 |
236.100 |
218.225 |
|
Other income |
9.766 |
13.349 |
18.856 |
|
Prior period income |
7.952 |
8.323 |
9.646 |
|
Increase/(decrease) in stock of finished goods and work-in-progress |
(0.212) |
3.996 |
(1.770) |
|
Total |
2172.930 |
2258.045 |
2443.857 |
|
|
|
|
|
|
EXPENDITURE |
|
|
|
|
Established expenses |
1405.055 |
1296.145 |
1251.298 |
|
Other administrative expenses |
754.878 |
810.238 |
742.582 |
|
Prior period expenses |
3.755 |
55.752 |
54.059 |
|
Depreciation (corresponding) |
44.900 |
34.466 |
38.521 |
|
Total |
2208.588 |
2196.601 |
2086.460 |
|
|
|
|
|
|
Transferred
to/(from) balance of mission grants |
(63.742) |
(101.460) |
989.361) |
|
|
|
|
|
|
Balance being
surplus/(deficit) carried to corpus/capital fund |
28.084 |
162.905 |
446.757 |
-------------------------------------------------------------------------------------------------------------------------------------------------------
MERGE OF SOCIETIES WITH C-DAC
The assets, liabilities and other obligations at the book value as on December 15, 2002 are merged in C-DAC in respect of the societies viz. Electronics Research and development centre at Kolkata, Noida. Thiruvananthapuram, national centre for software technology Mumbai, and centre for electronics design and technology of india, Mohali, due to merger of these societies in C-DAC as per the government of india orders.
The process for transfer of title deeds of improvable properties in the name of C-DAC of the above centres under process. No liability to wards expenses such as stamp duty, taxes and other expenses (if any) is provided for. The same will be accounted for in the year of payment.
OVERVIEW
The year 2015-16 is marked with the numerous technological achievements, events and recognitions for C-DAC.
During the year, National Supercomputing Mission (NSM) was approved by Cabinet Committee on Economic Affairs (CCEA) to be jointly implemented by Ministry of Electronics and Information Technology (MeitY) and Department of Science and Technology (DST) with C-DAC and Indian Institute of Science, Bangalore being the executing agencies.
Hon'ble Prime Minister of India Shri Narendra Modi inaugurated the India-Kazakhstan Centre of Excellence in ICT (IKCoEICT) at Eurasian National University, Astana, Kazakhstan on July 07, 2015 where C-DAC's PARAM Bilim supercomputer is deployed. Hon'ble Prime Minister also inaugurated the 1st India-Central Asia Telemedicine Link at Bishkek, Kyrgyzstan, powered by C-DAC's Telemedicine Solution on July 12, 2015. On the occasion of Good Governance week celebration, Online Labs Rollout was launched by Hon'ble Union Minister for Communications and Information Technology, Shri Ravi Shankar Prasad on December 28, 2015 at New Delhi. C-DAC bagged several awards during the year for its technologies and solutions.
C-DAC's PARAM Yuva II system helped to process more than 1,90,000 jobs till March 2016. These jobs were executed by 812 HPC users from 72 different institutions spread across the country from various science and engineering domains. PARAM Shavak - Supercomputer in a Box solution was installed at various educational institutions across the country and Supercomputing centres were established using the same. C-DAC developed and deployed HPC system software solutions for cluster monitoring and management, integrated development environment and automatic program generator. C-DAC contributed to the land-use and land-cover (LULC) estimation for the Western-Ghats and Krishna river basins of India and enhanced various HPC applications for air quality management, weather forecast and bio-informatics. C-DAC has developed Big Data platform for analysis and visualization of pharmacogenomics data from multiple sources.
C-DAC enabled localization of several government portals in 10 Indian languages including the Digital India portal
using its Localization Project Management Framework (LPMF). C-DAC has developed several tools and technologies for Modi script and Sindhi language. C-DAC enhanced its machine translation systems for English to Indian Languages and Indian language to Indian language and has hosted the same for use by various agencies.
C-DAC is carrying out the development of Virtual Museum on the life and work of Dr. B. R. Ambedkar for the Ministry of Social Justice, Govt. of India. C-DAC developed and established the pilot digital repository infrastructure at National Archives of India (NAI), which includes various software tools. C-DAC has setup Indian language technology proliferation and deployment centre as a single window system and hosted key resources such as linguistic resources & tools, validators/localization tools, application showcase and standardisation.
C-DAC carried out transfer of technologies of its solutions including Digital Programmable Hearing Aid (DPHA) and Pebrine-O-Scope to various agencies. HARITA PRIYA solution that provides micro-climate information from agriculture fields using Wireless Sensor Networks (WSN) was deployed in Andhra Pradesh. C-DAC has developed and deployed solution for energy market services for state load dispatch centres in Assam and Meghalaya.
Development of National Emergency Response System (NERS) platform is being carried out for emergency response to converge emergency signals from various sources into a unified platform. C-DAC is contributing towards review, monitoring, testing and validation of an indigenous/Indian Conditional Access System (ICAS) that is being developed as a part of Government Initiative for head-end operators and domestic set- top-box manufacturers. C-DAC has initiated development of new solutions and customization of its existing solutions based Internet of Things (IoT), sensor systems and communication infrastructure for Smart Cities.
Meri Sadak Mobile app developed by C-DAC was launched by Hon'ble Union Minister for Rural Development, Panchayati Raj, Drinking Water and Sanitation, Government of India on July 20, 2015. With about 84 crores voters data view and 1.2 billion hits, National Voters Services Portal developed by C-DAC provides a very high significant value to the citizen as a one-stop solution to assist voters. Bharat Operating Software Solutions (BOSS) and its variants were deployed across many government agencies during the year. C-DAC completed the development of eBasta portal where 17 publishers are registered and 1250 books are published on the portal. During the year, more than two crores transactions have taken place through NSDG, 26 states are using SSDG solution and more than 2000 government departments have been integrated by using Mobile Seva platform. C-DAC developed e- Hastakshar eSign solution that facilitates instant signing of documents online by citizens in a legally acceptable form and C-DAC became Certifying Authority on June 29, 2015 for offering eSign services.
M-Kavach - a comprehensive mobile device security solution has been enhanced and deployed for various government agencies. DARPAN – Network Management System (NMS) was deployed for various government end users. During the year, C-DAC enhanced its Cyber Forensics tools with additional features and carried out deployments at various organizations including law enforcement agencies across the country. As a part of Information Security Education and Awareness (ISEA) Project Phase-II, 160 workshops have been conducted across the country through the centres of C-DAC, NIELIT and the participating institutes of ISEA.
C-DAC carried out Technology Transfer of e-SafeT, an object tracking system for environment sensitive items in transit. C-DAC deployed e-Aushadhi - Drug Supply Chain Management Solution in the states of Andhra Pradesh, Telangana, Madhya Pradesh and Gujarat. C-DAC has developed solutions for veterinary purposes such as Mobile Tele-veterinary units for treating needy animals at their location and Animal Lifting and Standing Support Devices to help lift injured animals easily and provide treatment.
Automation tools for managing GATE 2016 and JAM 2016 examinations from C-DAC were used with more than 10 lakh candidates for GATE 2016 and forty thousand candidates for JAM 2016 examinations. C-DAC has designed and developed new post graduate diploma programmes in the areas of Internet of Things (IoT) and High Performance Computing (HPC).
The above mentioned activities have resulted in several research publications, patents, awards, recognitions and
new collaborations with academic and research organizations within the country and abroad.
This annual report covers the accomplishments and major activities of C-DAC during the year 2015-16.
AWARDS/RECOGNITIONS
1. C-DAC has won 6th eNorth East Award 2016 for the Ongoing North-East Project “Centralized e-Auction System for North Eastern States (Sikkim, Assam, Arunachal Pradesh, Meghalaya, Mizoram, Manipur, Tripura and Nagaland)” on February 26, 2016. The project has been judged as the Winner in the Category of eCommerce and Business
2. C-DAC has won 6th eNorth East Award 2016 for commendable efforts in the Design & Delivery of e-Education in Health & Medical Sciences to the Medical Colleges of North East Region under the category of e-Learning & Education on February 26, 2016.
3. C-DAC received the award for HARITA PRIYA - Harmonized Information of Agriculture, Revenue and Irrigation for a Transformation Agenda project which is a Wireless Sensor Networks based Advisory model for farmers. The award was presented during 42nd SKOCH Summit held at India Habitat Centre, New Delhi during December 10-11, 2015.
4. C-DAC has been awarded for “Tamper Evident Recorder and Player (TERP)” that captures multiple forms of information along with the date, time, place and system information. The award was presented during 42nd SKOCH Summit held at India Habitat Centre, New Delhi during December 10-11, 2015.
5. C-DAC has been awarded for the project “e-Hastakshar: An Online Digital Signing Facility (C-DAC's e-sign Service)”. C-DAC is a Certifying Authority and has been empanelled as a e-Sign Service Provider (ESP) to offered Sign services to various Application Service Providers. The award was presented during 42nd SKOCH Summit held at India Habitat Centre, New Delhi during December 10-11, 2015.
6. C-DAC has been awarded for the project “Design, Development and Enhancement of Cyber Forensics Tools” pursued by Resource Centre for Cyber Forensics, Thiruvananthapuram. The award was presented during 42nd SKOCH Summit held at India Habitat Centre, New Delhi during December 10-11, 2015.
7. The sixth year award ceremony was held on November 6, 2015 at Bangalore where the Best VLSI/Embedded Design Company Award was presented by Mr. Walden C Rhines, Chairman and CEO of Mentor Graphics USA
to C-DAC.
8. C-DAC has been awarded the Most Innovative Pilot Implementation Project on “Centre of Excellence for Digital
Preservation” under National Digital Preservation Program by the EMC Forum 2015 held at New Delhi on October 15-16, 2015.
EVENTS/CONFERENCES
1. Conducted “Think Parallel Conference” in collaboration with Intel, NVIDIA, Lenovo and IEEE Bangalore for Parallel Programming for Engineers & Scientists during July 20-24 and November 30-December 4, 2015 at C-DAC, Bangalore.
2. Conducted “GARUDA-NKN Partners Meet 2015” in collaboration with National Informatics Centre (NIC) during
September 10-11, 2015 at Indian Institute of Science (IISc), Bangalore.
3. Conducted a 3-day workshops on "Data Science and Big Data Analytics - DSBDA" during August 5-7, 2015 and October 14-16, 2015 at C-DAC, Bangalore which included talks and hands-on-sessions on Hadoop, R, Machine learning techniques & tools, RHadoop, data visualization, life sciences applications.
4. Conducted a one day workshop on “IPv6” for DOS/ISRO Employees on May 15, 2015 at C-DAC, Bangalore focusing on Next Generation Internet Protocol version 6. The workshops for Enterprises were also organized on August 18 and November 19, 2015 in association with NIXI. The event was attended by more than 80 participants from government organizations and academic institutes.
5. Conducted training for “BOSS Enterprise Administration” for Eastern Command of Indian Army, Kolkata on January 27, 2016.
6. Conducted National Workshop on “Mobile Apps in Indian Languages” at Jawaharlal Nehru Technological University (JNTU), Hyderabad on July 24, 2015 in collaboration with School of IT, at Jawaharlal Nehru Technological University (JNTU), Hyderabad.
7. Conducted a 3-Day Workshop on “Cloud Computing, Big Data Technologies and Security” at C-DAC Hyderabad on January 6-8, 2016.
8. Conducted Training Programme on Cyber Crime Related Capacity Development on the Theme “Cyber Crime and Cyber Forensics Techno-Legal Challenges” at Guwahati High Court, Aizawl Bench, Aizawl, Mizoram during April 24-25, 2015.
9. Bilingual Awareness guide book named “Cyber Safety” was published at CII Auditorium, Kolkata on July 6, 2015.
10. Conducted Workshop cum User-meet on “Machine Aided Translation system with reference to AnglaBangla/ Angla Assamese “Project at NIT Silchar, Assam on August 4, 2015.
11. Conducted Workshop on “Translation Software” at Banga Bhavan, Silchar, Assam on August 3, 2015.
12. Conducted Training on “IT Security and Cyber Security” at Ordinance Factory Board, Kolkata on September 9-11, 2015.
13. Conducted training on “Cyber Crime and Cyber Forensics Techno-Legal Challenges” at Itanagar, Arunachal
Pradesh and Agartala, Tripura on September 26-27, 2015.
14. Conducted Workshop on “ICT based Language Translation” at ICFAI University, Tripura on October 1, 2015.
15. Conducted “Information Security” Workshop at Manipur University on October 29, 2015.
16. Conducted “Information Security Education & Awareness Workshop (ISEA) at High Court of Meghalaya on
November 9, 2015.
17. Inaugurated “BOSS Lab” at Department of Computer Science, RCC Institute of Information Technology (RCCIIT), Kolkata on December 17, 2015.
18. Conducted 3 days training on “Information Security for Govt. Officers” at Ordnance Factory Board, Head Quarters, Kolkata on January 20-22, 2016.
19. Conducted 3 days training on “Information and Cyber Security” at Indian School of Mines, Dhanbad on January 28-30, 2016.
20. Launched “SUGAM’ e governance Portal by Shri J. P. Nadda, Hon’ble Union Minister of Health and Family Welfare, Gen (Dr.) V. K. Singh (Retd.), Minister of State, External Affairs, Overseas Affairs and Statistics and Programme Implementation (Independent charge) on November 14, 2015.
CONTINGENT LIABILITIES [AS ON 31.03.2016]
· Against bank guarantees INR 64.625 million 9Previous year INR 53.907 million
· Against letter of credit INR 3.497 million (previous year INR 8.300 million)
· Against liquidated damages INR 0.428 million (previous year nil)
· Against sales tax INR 7.173 million (previous year INR 7.235 million)
· Sale tax /VAT assessments are completed up to financial year 2010-2011 for Bangalore, 2011-2012 for Noida and Pune, 2014-15 for Mohali and Thiruvananthapuram. No. assessment is pending for Chennai, Delhi, Hyderabad, Mumbai and Kolkata centres.
· Against disputed matter INR 0.884 million (previous year INR 1.384 million)
· Cases related to staff are pending at various levels for which liability cannot be assessed
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
No |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
No |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
No |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
No |
|
21 |
Banking facility details |
No |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
No |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
No |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No 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 |
|
US Dollar |
1 |
INR 65.23 |
|
UK Pound |
1 |
INR 89.71 |
|
Euro |
1 |
INR 79.50 |
INFORMATION DETAILS
|
Information
Gathered by : |
PNM |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
ARC |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--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.