|
|
|
MIRA INFORM REPORT
|
Report No. : |
511412 |
|
Report Date : |
30.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
BIRLA INSTITUTE OF TECHNOLOGY |
|
|
|
|
Registered
Office : |
Mesra, Ranchi – 835215, Jharkhand |
|
Tel. No.: |
91-651-2275444/ 2275896 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
Not Divulged |
|
|
|
|
Year of
Establishment: |
1955 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Not Divulged |
|
|
|
|
TIN No.: |
Not Available |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
Not Divulged |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
|
|
|
|
Legal Form : |
Educational Institute |
|
|
|
|
Line of Business
: |
Providing education services. (From Indirect Source) |
|
|
|
|
No. of Employees
: |
Information declined by the management |
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 |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Birla Institute of Technology was established in the year 1955 at Mesra, Ranchi in the state of Jharkhand, India by the Late Shri. B. M. Birla. The institute was later headed by Late Shri G.P Birla and the present chairman of the board of governors is Shri C.K Birla.
Payment seems to be usually correct.
|
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
|
Rating Agency Name |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
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
31-03-2018.
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 30.05.2018
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 BY
|
Name : |
Ms. Archana Mukharji |
|
Designation : |
Accounts Department |
|
Contact No.: |
91-651-2275444 |
|
Date : |
25.05.2018 |
LOCATIONS
|
Registered Office : |
Mesra, Ranchi – 835215, Jharkhand, India |
|
Tel. No.: |
91-651-2275444/ 2275896 |
|
Fax No.: |
91-651-2275401 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Other Campuses : |
|
|
|
|
|
Offshore Campuses : |
Located at:
|
MANAGEMENT
|
Name : |
Mr. C.K. Birla |
|
Designation : |
Chairman |
|
|
|
|
Name : |
Draupadi Murmu |
|
Designation : |
Chancellor |
|
|
|
|
Name : |
M. K. Mishra |
|
Designation : |
Vice-Chancellor |
KEY EXECUTIVES
|
Name : |
Ms. Archana Mukharji |
|
Designation : |
Accounts Department |
BUSINESS DETAILS
|
Line of Business : |
Providing education services. (From Indirect Source) |
|
|
|
|
Products/ Services : |
Education Services |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
Not Divulged |
|
|
|
|
Terms : |
Not Divulged |
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : |
Others (Students)
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
No. of Employees : |
Information declined by the management |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
|
|
|
|
|
Auditors : |
Not Divulged |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Sister Concern: |
Not Divulged |
CAPITAL STRUCTURE
Not Divulged
FINANCIAL DATA
[all figures are
in INR Million]
Not Divulged
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 –Legal Form |
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 |
No |
|
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 three years |
No |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
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 |
No |
|
35 |
Negative Reporting by Auditors in the Annual
Report |
No |
WEBSITE DETAILS
History
The Birla Institute of Technology was established in 1955 at Mesra by industrialist and philanthropist B. M. Birla. The institute was affiliated to Patna University until 1960, and then to the Institute of Science and Management, Ranchi. In 1986 BIT was elevated to the status of deemed university under section 3 of the University Grants Commission Act, 1956.
BIT was the first institute in India to establish a department of space engineering and rocketry, in 1964
BIT introduced the concept of a small industries entrepreneurs park, and is the first institute in India to facilitate for young entrepreneurs the initial project funding, besides providing nursery sheds, central design and workshop facilities.
The Small Industries Research and Development Organization (SIRDO) was set up in 1970 as a launching pad for small manufacturing enterprises managed by graduates of BIT. Companies created from this concept include Meditron and Alcast. This idea was appreciated by Department of Science and Technology, Government of India; and was spread to other institutes such as IITs by the Government with a concept named Science and Technological Entrepreneurs Park (STEP).[citation needed] The first STEP was approved and located in BIT Mesra.[citation needed] The entrepreneurship development cell was founded in 2007 and is run by the students. To add financial strength to this effort, BIT has set up SIDBI Centre for Innovation and Incubation (SCII) by an arrangement with Small Industries Development Bank of India (SIDBI) to provide funds for a limited period of time to new entrepreneurs, start up companies, and technology based organisations, to facilitate Research and Development in areas of interest with the faculty of the institute.
BIT established an offshore centre in Bahrain in the year 2000. It has a PARAM 10000 supercomputer at the core of its IT infrastructure. Organisation and administration
Organisation and
administration
BIT functions under the control of a Board of Governors, comprising representatives of the Ministry of Human Resource Development, Government of India, the UGC, the State Government, the Chancellor, the A.I.C.T.E., the Hindustan Charity Trust and the Institute Faculty. CK Birla is the chairman of the board of Governors. The Governor of the state of Jharkhand is the Chancellor of the Institute. The Technical Council headed by vice chancellor decides the academic policy of the Institute.
Campus
The main campus of the Institute at Mesra is located 16 kilometers from Ranchi in a 980-acre (4.0 km2) setting at the confluence of the rivers Jhumar and Suvarnarekha. The Mesra campus is entirely residential, providing accommodation to undergraduate and postgraduate students and 550 members of faculty and staff. The infrastructure includes research laboratories, lecture halls, workshops, playground, gymnasium and a central library with over 100,000 books, journals and electronic databases.
Accreditation
BIT Mesra has been accredited by the National Assessment and Accreditation Council (NAAC) and the National Board of Accreditation (NBA) established by the UGC and AICTE respectively.
International
Ventures
The Institute has made significant forays into international academics by becoming a part of international ventures and tie-ups. BIT Mesra has collaborative arrangements with Universities in the USA, UK and Canada. It is also an active member of the 'EAGER NETWIC' Project under the Asia Link programme of European Commission. This is to establish a world-class academic network of higher education in the rapidly growing field of Wireless and Mobile Communication between the five partner Universities.
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 67.82 |
|
|
1 |
INR 90.16 |
|
Euro |
1 |
INR 78.69 |
INFORMATION DETAILS
|
Information
Gathered by : |
SWE |
|
|
|
|
Analysis Done by
: |
PRI |
|
|
|
|
Report Prepared
by : |
SUD |
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.