MIRA INFORM REPORT

 

 

Report No. :

497009

Report Date :

13.03.2018

 

 

 

IDENTIFICATION DETAILS

 

Name :

BANGALORE UNIVERSITY

 

 

Registered Office :

Jnana Bharathi, Bangalore-560056, Karnataka

Tel No.:

91-80-22961000

 

 

Country :

India

 

 

Financials (as on) :

31.03.2017 [Revenue and Expenditure Statement]

 

 

Year of Establishment :

July 1964

 

 

Capital Investment :

Not Divulged

 

 

IEC No.:

Not Divulged

 

 

TIN No.:

Not Divulged

 

 

GST No.:

Not Divulged

 

 

PAN No.:

[Permanent Account No.]

Not Divulged

 

 

Legal Form :

University

 

 

Line of Business :

Providing Education Services. [From Indirect Sources]

 

 

No. of Employees :

5104 [Approximately]

 

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23rd January 2017)

 

MIRA’s Rating :

A+

 

Credit Rating

Explanation

Rating Comments

A+

Low Risk

Business dealings permissible with low risk of default

 

Status :

Good

 

 

Payment Behaviour :

Usually Correct

 

 

Litigation :

Clear

 

 

Comments :

Bangalore University is a public state university, located in Bengaluru in the state of Karnataka, India. It is engaged in providing educational services. H.N. Ramesh is the present Vice-Chancellor. It was established in the year 1964.

The university is a part of the Association of Indian Universities (AIU), Association of Commonwealth Universities (ACU) and affiliated by University Grants Commission (UGC).

 

Bangalore University is accredited by NAAC under the new grading system with a grade A in 2016.

 

The university is structured into six faculties- Arts, Science, Commerce & Management, Education, Law and Engineering. It has 43 Post Graduate Departments, a Postgraduate Centre at Kolar, three constituent colleges, 665 affiliated colleges (of which 115 have PG Courses) and several other Centres and Directorates of higher learning and research under its purview. At present, the university offers 50 Post Graduate Courses and Employment Oriented Diploma and Certificate Courses. The university has launched the five-year Integrated Courses in Biological Sciences, Social Sciences, Earth and Atmospheric Sciences and Business Studies and four-year B.S. programme.

For the financial year 2017, the subject has achieved decent revenue along with average profit.

 

Rating takes into account the subject’s long established track record of business operations.

 

Payment seems to be usually correct.

 

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.

 

ECGC Country Risk Classification List

 

Country Name

Previous Rating

(30.09.2017)

Current Rating

(31.12.2017)

India

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low Risk

 

A2

Moderately Low Risk

 

B1

Moderate Risk

 

B2

Moderately High Risk

 

C1

High Risk

 

C2

Very High Risk

 

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 31-03-2016.

 

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 13.03.2018

 

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 DECLINED

 

MANAGEMENT NON-COOPERATIVE [91-80-22961005]

 

[91-80-22961000/ 22961006] Number is continuously ringing

 

 

LOCATIONS

 

Registered Office :

Jnana Bharathi, Bangalore-560056, Karnataka, India

Tel. No.:

91-80-22961000/ 22961005

Fax No.:

91-80-23211020

E-Mail :

vchu@vsnl.com

by2registrar@gmail.com

Website :

http://bangaloreuniversity.ac.in

 

 

MANAGEMENT

 

Name :

Prof. H. N. Ramesh

Designation :

Vice Chancellor [Acting]

 

 

Name :

Mr. Vajubhai Vala

Designation :

Chancellor

 

 

Name :

Mr.Basavaraja Rayareddy

Designation :

Pro-Chancellor

Appointment Date :

19.06.2016

 

 

Name :

Dr. M. Muniraju i/c

Designation :

Vice-Chancellor

Appointment Date :

31.03.2017

 

 

Name :

Prof. K. N. Ninge Gowda

Designation :

Registrar

Appointment Date :

17.06.2016

 

 

Name :

Dr. M. Shankar Reddy

Designation :

Registrar (Evaluation)

Appointment Date :

14.12.2016

 

 

Name :

Dr. Jagadeesh Prakash

Designation :

Faculty of Arts

Appointment Date :

01.04.2015

 

 

Name :

Dr. I. S. Shivakumar

Designation :

Faculty of Science

Appointment Date :

07.07.2016

 

 

Name :

Dr. M. Muniraju

Designation :

Faculty of Commerce

Appointment Date :

30.07.2015

 

 

Name :

Dr. V. Sudesh

Designation :

Faculty of Law

Appointment Date :

13.05.2016

 

 

Name :

Dr. H. N. Ramesh

Designation :

Faculty of Engineering

Appointment Date :

14.12.2015

 

 

Name :

Dr. Sunder Raj URS

Designation :

Faculty of Education

 

 

DIRECTORS

University Librarian (i/c):

Dr. M. Anjanappa

 

 

Director of Students’ Welfare (i/c) :

Dr. K. Ramakrishnaiah

 

 

Director (i/c), PMEB:

Dr. Pradeep. G Siddeshwar [from 01.07.2016]

 

 

Director (i/c), College Development Council:

Dr. Nagesh V Bettakote [from 04.08.2016]

 

 

Director (i/c), of Physical Education:

Dr. T. Lingaraju [from 01.04.2016]

 

 

Finance Officer :

Dr. A. Lokesh [from 08.09.2015]

 

 

CONSTITUENT COLLEGE PRINCIPALS

UVCE - University Visvesvaraya College of Engineering, K. R. Circle, Bengaluru – 560 001 :

Dr. K. R. Venugopal

 

 

University Law College, Jnana Bharathi, Bengaluru – 560 056:

Dr. V. Sudesh [from 27.06.2016]

 

 

University College of Physical Education, Jnana Bharathi, Bengaluru – 560 056:

Dr. P.C. KrishnaSwamy [from 25.08.2016]

 

 

KEY EXECUTIVES

 

Name :

Prof. Rajnish Jain

Designation :

Secretary

 

 

BUSINESS DETAILS

 

Line of Business :

Providing Education Services. [From Indirect Sources]

 

 

Brand Names :

Not Divulged

 

 

Agencies Held :

Not Divulged

 

 

Exports :

Not Divulged

 

 

Imports :

Not Divulged

 

 

Terms :

 

Selling :

Not Divulged

 

 

Purchasing :

Not Divulged

 

 

GENERAL INFORMATION

 

Suppliers :

Reference:

Not Divulged

Name of the Person (Designation):

--

Contact Number:

--

Since how long known:

--

Maximum limit dealt:

--

Experience:

--

Remark

--

 

 

Customers :

 

Reference:

Not Divulged

Name of the Person (Designation):

--

Contact Number:

--

Since how long known:

--

Maximum limit dealt:

--

Experience:

--

Remark

--

 

 

No. of Employees :

5104 [Approximately]

 

 

Bankers :

 

Bank Name:

Not Divulged

Branch:

Not Divulged

Person Name (with Designation):

--

Contact Number:

--

Name of Account Holder:

--

Account Number:

--

Account Since (Date/ Year of A/c Opening):

--

Average Balance Maintained (Optional):

--

Credit Facilities Enjoyed (CC/OD/Term Loan):

--

Account Operation:

--

Remarks:

--

 

 

 

Auditors :

Not Divulged

 

 

Memberships :

Not Available

 

 

Collaborators :

Not Available

 

 

Associates/Subsidiaries :

Not Available

 

 

CAPITAL STRUCTURE

 

Capital Investment :

 

Owned :

Not Divulged

Borrowed :

Not Divulged

Total :

Not Divulged

 


 

FINANCIAL ANALYSIS

[all figures are in INR Million]

 

REVENUE & EXPENDITURE STATEMENT

                                                                                                                                                                                                                                                                            

Particulars

31.03.2017

Particulars

31.03.2017

 

 

 

 

 

Revenue (Capital)

 

(a) Expenditure (Capital)

 

Endowments

2.160

Capitalization of Endowments

2.660

Grants from State Govt. Capital

15.000

Expenditure on construction/acquisition of fixed assets

418.953

Grants from UGC-Capital

---

Capital Expenditure Total (a)

421.613

Total (a)

17.160

 

 

Revenue (Revenue)

 

(b) Revenue Expenditure

 

Fees and charges

1489.349

Administrative Expenses

108.297

Grants from Govt. of India

0.920

Advertisement Expenses

1.504

Grants from other sources

5.410

Cultural/Sports Activities & Other Functions

4.687

Grants from State Government

1589.200

Developmental Expenses-Research & Development

36.698

Grants from UGC-Revenue

128.240

Educational Expenses

96.250

Income from sale of materials

5.884

Employee Related Expenses

1621.913

Income from University Properties

30.099

Examination Expenses

315.556

Investment Income

183.836

Financial Expenses

0.208

Other Income

25.894

Membership & Subscriptions

0.260

Total (b)

3458.832

Other Miscellaneous Expenses

260.118

 

 

Printing & Stationery

6.919

TOTAL REVENUE (a+b)

3475.992

Purchases

23.957

 

 

Repairs and Maintenance

325.152

 

 

Sports Development Activities

1.374

 

 

Students Welfare Measures

109.713

 

 

Depreciation on Fixed Deposits

0.496

 

 

Revenue Expenditure Total (b)

2913.102

 

 

 

 

 

 

TOTAL EXPENDITURE (a+b)

3334.715

 

 

 

 

 

 

NET SURPLUS/[DEFICIT]

141.277

 


 

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

No

8

Designation of contact person

No

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

No

24

Capital in the business

No

25

Last accounts filed at ROC, if applicable

No

26

Turnover of firm for last one year

Yes

27

Reasons for variation <> 20%

--

28

Estimation for coming financial year

No

29

Profitability for last one year

No

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

 


 

WEBSITE DETAILS:

 

PROFILE:

 

Bangalore University is located in the Garden City of Bangalore aptly hailed as the “I.T. Capital of India”, was established in July 1964 as an off shoot of the University of Mysore, primarily to include institutions of higher learning located in the metropolitan city of Bangalore and the districts of Bangalore, Kolar and Tumkur, which eventually became a separate university. Initially, the two premier colleges of the city, the Central College (CC) and the University Visvesvaraya College of Engineering (UVCE) formed the nucleus of Bangalore University.

 

Soon after the establishment of Bangalore University, as a first step in the re-organization of courses instructions, the University introduced Honours Courses in the year 1965-66. Three year Honour’s courses in Botany, Chemistry, Economics, English, Geology, Kannada, Mathematics and Zoology which were offered only at the University Post Graduate Departments have attracted many brilliant students. Honours passed students were admitted to Post Graduate Courses on priority and B.A./B.Sc. graduates, who marginally missed admission to the Post Graduate Courses were given an opportunity to join the final year Honours course and seek admission to Post Graduate Courses, thereafter. Since 1964, Bangalore University has grown both in size and strength to include a large number of affiliated colleges, P.G. Centers with a rich diversity of programme options. In consonance with this expansion, in 1973, the University moved into a new campus named ‘Jnana Bharathi’ (JB) located on a sprawling 1100 acres of land and shifted many of its post graduate departments to this newly established campus. At present, the JB Campus houses the office of the Vice Chancellor, Registrar, Registrar (Evaluation), Finance Officer and a large number of post graduate departments, Directorates, Centres of higher learning, NSS Bhavan, Outdoor Stadium and other support services. The University Law College, started in 1948 and The College of Physical Education, started in 1959 are located in the JB Campus.  

 

The University has also established Gandhi Bhavan, Dr. B.R. Ambedkar Study and Research Centre, and Centre for Study on Social Exclusion and Inclusive Policy. Bangalore University has completed Fifty-two years of fruitful existence and has come to be hailed as one of the largest universities of Asia. Though originally intended to be a federal university, it has eventually emerged as an affiliating University. The University was first accredited in 2002 by NAAC with Five Star Status, re-accredited in the years 2008 and Nov. 2016 in 2ndand 3rd Cycles with ‘A’ Grade.

 

According to QS University Ranking: BRICS-2016, an international agency ranked Bangalore University at 151st position amongst BRICS nations. As per Hansa Research Survey 2016 published in THE WEEK-May 29, 2016 issue, Bangalore University is ranked at No. 15 in the Top Multi-disciplinary Universities at All India level, at No.9 in the Top State Multi-disciplinary Universities, No.5 in the South Zone and No.1 in the State of Karnataka.

 

Academically, the University is structured into six faculties- Arts, Science, Commerce & Management, Education, Law and Engineering. It has 48 Post Graduate Departments, One post graduate Centre at Kolar, (started during 1994-95), four University colleges, 684 affiliated colleges and several other Centres and Directorates of higher learning and research under its purview. At present, the University offers 50 Post Graduate Courses and Employment Oriented Diploma and Certificate Courses. The University has launched the Five years Integrated Courses in Biological Sciences.

 

The University is also reaching out to the society by organizing endowment and extension lectures apart from bringing out publications on issues of contemporary relevance through its Prasaranga division.

 

Bangalore University has achieved milestones by establishing MOUs with Universities and Institutions of national and international repute. To cater to a student population of over three lakhs, the University is striving to provide access, expansion and excellence in higher education. The vision of the University is to make distinctive and significant contributions to the cause of higher education in Humanities, Social Science, Law, Commerce, Science & Technology. The University is providing quality teaching and encouragement to research in frontier areas with social relevance that would reflect its mission and goals aptly symbolized by its emblem ‘JNANAM VIGNANA SAHITHAM’.

 

 

VISION:

 

To promote excellence in education for a vibrant and inclusive society through knowledge creation and dissemination

 

 

MISSION:

 

To Import quality education to meet national and global challenges

To blend theoretical knowledge with practical skills

To encourage the faculty to pursue academic excellence through high quality research and publication

To provide access to all sections of society to pursue higher education

To promote the use of new technologies in teaching and research

To inculcate right values among students while encouraging

To promote leadership qualities among students

To produce socially sensitive citizens

To contribute nation building

To hasten the process of creating a knowledge society

 

 

PRESS RELEASE:

 

CD SCAM AT BANGALORE UNIVERSITY: WHO WILL FACE THE MUSIC?

 

12.03.2018

 

Applicants to BU’s distance learning programme (even second-years) are being forced to buy a promotional music CD for which no approval has been given by V-C or Registrar as students who signed up have to mandatorily shell out inr 550. 

 

Students who signed up for Bangalore University’s distance learning programme are complaining that they are being forced to buy a music CD for INR 500 that extols the virtues of distance learning. The department of distance education had released this promotional CD (consisting of seven tracks) on February 9. Strangely though, when BM checked with the in-charge Vice-Chancellor and registrar, they said no permission had been granted to sell the CD to students.

 

Applicants claim that they were paying INR 500-550 over and above the course and admission fees for the CD. And those who refuse it where not being given the required approvals or the ID card.


A second-year student told BM: “I submitted a DD at the office and got a receipt for application and admission fees, which had to be taken to the main office where they issue ID cards and study materials.”

 

“When we went there, they asked us to buy this CD for INR 500; some even paid INR 550. I paid INR 500 because they told us they will not sign the form or issue the ID card and study materials otherwise. If I had any concerns, they asked me to go meet the director,” said the student.

 

When BM brought this to the notice of Prof V Sudesh, in-charge vice-chancellor of BU, he said: “The CDs were not meant for selling to students. It has not been brought to the notice of university officials nor have I signed any papers granting permission for this.”

 

The registrar of the university, Prof BK Ravi, was also of the same opinion. He said, “This is absolutely not true. Such things can’t be done without the university’s permission.”

 

Prof BC Mylarappa, director of Directorate of Correspondence Courses and Distance Education, is the man behind bringing up the department to life when the distance education programme in the university was de-recognised.

 

When this reporter called up BU to know about the CD, the official said: “It is mandatory for every student to buy a CD.” However, when we later called up as a journalist, Mylarappa said: “But, I am really shocked to listen to this that these CDs are being sold in my office. This CD has great value and many stalwarts have worked on it. I am wondering how such a thing can happen. I will start an inquiry on that and I will see what has happened. I will meet the VC and I will give you a report on that.”

 

However, officials in the university also backed the selling of the CD saying it was done as an “audio-visual aid” for students. 

 

The music CD titled ‘Doora Shikshana’ (distance education) has all the higher-ups of the university including the VC, registrar, registrar of evaluation and finance officer, on the cover. The cover also has pictures of NR Shetty, former VC of BU, KPSC chief Sham Bhatt and Sandalwood actor S Narayan, as well as reformer Jnana Prakash Swamiji and BC Myalarappa, director of distance education. 

 

Of the seven songs, four have been sung by Mylarappa himself.

 

Mylarappa had released the CD with a high profile event, gathering a crowd of more than 1,000 students from across the city.

A student, who did not want to be named, said: “We were all asked to come and sit for the programme. Back then, we wouldn’t have guessed that we’ll have to pay to buy this CD to get admission into the second-year.”

 

The student wanted to know what good will this CD do to her. “Why should we pay for this? This is really absurd. They should not enforce such things meant for their own profile building,” she said. 

 

BU’s distance education programme got recognised by the University Grants Commission (UGC) in 2017 and the status was granted for the year 2017-18.


CMT REPORT (Corruption, Money Laundering & Terrorism]

 

The Public Notice information has been collected from various sources including but not limited to: The Courts, India Prisons Service, Interpol, etc.

 

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

Indian Rupees

US Dollar

1

INR 65.02

UK Pound

1

INR 90.12

Euro

1

INR 80.09

 

 

INFORMATION DETAILS

 

Information Gathered by :

SHW

 

 

Analysis Done by :

PRY

 

 

Report Prepared by :

RUP

 


 

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)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.

 
 

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