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MIRA
INFORM REPORT
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Report No. : |
511402 |
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Report Date : |
31.05.2018 |
IDENTIFICATION DETAILS
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Name : |
INSTITUTE FOR PLASMA RESEARCH |
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Registered
Office : |
Bhat Village, Near Indira Bridge, Gandhinagar – 382428, Gujarat |
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Mobile No.: |
91-79-23962000 |
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Country : |
India |
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Financials (as
on) : |
31.03.2017 (Consolidated) |
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Year of
Establishment : |
1986 |
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Corpus Fund : |
INR 5846.550 Million |
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Registration
No.: |
GUJ/88/GANDHINAGAR |
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IEC No.: [Import-Export Code No.] |
Not Divulged |
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TIN No.: |
Not Divulged |
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GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
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PAN No.: [Permanent Account No.] |
Not Divulged |
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Legal Form : |
Institute |
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Line of Business
: |
Subject is involved in theoretical and experimental studies in plasma science including basic plasma physics, magnetically confined hot plasmas and plasma technologies for industrial application. [From Indirect Sources] |
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No. of Employees
: |
Information declined by the management. |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
A+ |
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Credit Rating |
Explanation |
Rating Comments |
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A+ |
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 : |
Subject is a well-established R & D organization under the authority of Department of Atomic Energy (DAE), Government of India located in Gujarat, India. It is involved in theoretical and experimental plasma science including basic plasma physics, magnetically confined hot plasma and plasma technologies for industrial applications. ADITYA and SST-1 are the two fusion devices of the subject. ADITYA is the first indigenously designed and built tokamak of the country. It was commissioned in 1989. ADITYA, a medium size Tokamak, is being operated for over a decade. SST-1 (Steady State Superconducting Tokamak) is a plasma confinement experimental device in the Institute for Plasma Research (IPR), an autonomous research institute under Department of Atomic Energy, India. As per the financials of March 2017, the subject has witnessed grants of INR 512.19 million and has reported good corpus fund and reserves. Rating takes into consideration the subject’s established track record along with sound financial risk profile and experienced management team. Payments seems to be regular. In view of aforesaid, the subject can be considered for business dealing at usual trade terms and conditions. Note- Report is prepared on available consolidated financials of the subject. |
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
31-03-2018.
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 31.05.2018.
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 DECLINED
MANAGEMENT NON-COOPERATIVE [91-79-23962000]
LOCATIONS
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Registered Office : |
Bhat Village, Near Indira Bridge, Gandhinagar – 382428, Gujarat, India |
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Tel. No.: |
91-79-23962000 |
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Fax No.: |
91-79-23962277 |
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E-Mail : |
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Website : |
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Campus 1: |
Institute for
Plasma Research Bhat Village,Near Indira Bridge, Gandhinagar-382428,
Gujarat - India |
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Tel. No.: |
91-79-23962000 |
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Fax No.: |
91-79-23962277 |
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Campus 2: |
Facilitation Centre
for Industrial Plasma Technologies (FCIPT) Institute for Plasma Research A-10/B, G.I.D.C.
Electronics Estate, Sector 25, Gandhinagar - 382044, Gujarat, India |
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Tel. No.: |
91-79-23269003 |
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Fax No.: |
91-79-23269001 |
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Campus 3: |
ITER-India Institute for Plasma Research, A-29 GIDC
Electronic Estate, Sector-25, Gandhinagar – 382 016, Gujarat, India |
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Tel. No.: |
91-79-23269500/ 23269603 |
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Fax No.: |
91-79-23269501 |
MANAGEMENT
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Name : |
Dr. Shashank Chaturvedi |
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Designation : |
Director |
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Name : |
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Designation : |
Chief Administrative Officer |
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Name : |
Dr. D. Chenna Reddy |
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Designation : |
Dean (R & D) |
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Name : |
Dr. S. Mukherjee |
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Designation : |
Dean (Academics and Student Affairs) |
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Name : |
Mr. P. K. Atrey |
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Designation : |
Associate Dean (R & D) |
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Name : |
Mr. Ujjwal K. Baruah |
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Designation : |
Dean (Administration) |
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GOVERNING COUNCIL: |
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Name : |
Shri Sekhar Basu |
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Designation : |
Chairman |
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Name : |
R.A. Rajeev |
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Designation : |
Member |
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Name : |
Dr. S. Chaturvedi |
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Designation : |
Member |
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Name : |
Dr. Siraj Hasan |
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Designation : |
Member |
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Name : |
Dr. Amit Roy |
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Designation : |
Member |
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Name : |
K.N. Vyas |
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Designation : |
Member |
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Name : |
J. N. Goswami |
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Designation : |
Member |
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Name : |
Mr. Sanjay Lal Bhai |
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Designation : |
Member |
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Name : |
Mrs. Anju Sharma |
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Designation : |
Member |
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Name : |
P. K. Atrey |
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Designation : |
Member |
BUSINESS DETAILS
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Line of Business : |
Subject is involved in theoretical and experimental studies in plasma science including basic plasma physics, magnetically confined hot plasmas and plasma technologies for industrial application. [From Indirect Sources] |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
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Selling : |
Not Divulged |
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Purchasing : |
Not Divulged |
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the management. |
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Bankers : |
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Auditors : |
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Name : |
Ramanlal G Shah and Company Chartered Accountants |
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Address : |
Shreeji House, Behind M J Library, Ellis Bridge, Ahmedabad-380006,
Gujarat, India |
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Tel. No.: |
91-79-26578819/ 28575530 |
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Fax No.: |
91-79-26575401 |
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E-Mail : |
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Memberships : |
Not Divulged |
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Collaborators : |
Not Divulged |
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Associates/Subsidiaries : |
Not Divulged |
CAPITAL STRUCTURE
AS ON 31.03.2017
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CORPUS/CAPITAL FUND : |
||
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PARTICULAR |
INR in Million |
|
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Balance as at the beginning of the year |
|
5695.034 |
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Add : Contribution towards Corpus/Capital Fund |
607.137 |
|
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Less: Adjustment to Fixed Assets In-Kind Support from External Agencies |
2.625 |
|
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Adjustment to Unspent Grant |
0.594 |
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Deduct: Depreciation charged on Capital Assets for FY 2016-17 transferred to Income & Expenditure A/c |
(451.795) |
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Addition/Deduction during the year (transfer to/from I & E Account) |
0.607 |
151.516 |
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|
------------- |
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TOTAL |
|
5846.550 |
FINANCIAL ANALYSIS
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET [CONSOLIDATED]
|
PARTICULAR |
31.03.2017 |
31.03.2016 |
31.03.2015 |
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CORPUS/CAPITAL
FUND AND LIABILITIES |
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|
Corpus/Capital Fund |
5846.550 |
5695.034 |
4736.133 |
|
Reserves And Surplus |
12934.357 |
12703.923 |
8761.626 |
|
Earmarked/ Endowment Funds |
371.313 |
379.879 |
391.221 |
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Current Liabilities
and Provisions |
|
|
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Sundry Creditors |
5.333 |
16.391 |
24.619 |
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Other Current Liabilities |
31.181 |
13.513 |
43.959 |
|
Provisions |
2498.513 |
1851.529 |
1639.772 |
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Total Current
Liabilities and Provisions |
2535.027 |
1881.433 |
1708.350 |
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TOTAL |
21687.247 |
20660.269 |
15597.330 |
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ASSETS |
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Fixed Assets |
9432.490 |
8506.599 |
7608.187 |
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Current Assets,
Loans, Advances etc. |
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Current Assets |
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Inventories |
6.935 |
7.423 |
7.774 |
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Sundry
Debtors |
0.750 |
1.407 |
2.896 |
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Cash &
Bank Balances |
3064.224 |
4099.820 |
1659.036 |
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Total Current
Assets |
3071.909 |
4108.650 |
1669.706 |
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Loans, Advances and
other Assets : |
|
|
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Loans |
32.103 |
35.406 |
38.898 |
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Advances and amounts recoverable in cash or in kind or for value to be received: |
9129.367 |
7984.052 |
6242.185 |
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Income Accrued |
21.378 |
25.562 |
8.354 |
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Total Loans,
Advances and other Assets : |
9182.848 |
8045.020 |
6289.437 |
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|
|
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TOTAL ASSETS |
21687.247 |
20660.269 |
15567.330 |
PROFIT
& LOSS ACCOUNT [CONSOLIDATED]
|
PARTICULAR |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
|
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INCOME |
|
|
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|
Grants- Department of Atomic Energy, Govt. of India |
5121.902 |
8040.963 |
6170.000 |
|
Interest Earned |
265.024 |
192.172 |
171.993 |
|
Other Income |
10.720 |
6.982 |
4.927 |
|
Surplus on Sale of Assets |
-- |
-- |
-- |
|
TOTAL INCOME |
5397.646 |
8240.117 |
6346.920 |
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EXPENDITURE |
|
|
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Establishment Expenses |
1574.283 |
1031.426 |
1265.667 |
|
Other Administrative Expenses |
1058.965 |
855.215 |
804.216 |
|
National Fusion Programme (Human Resource Development Expenses) |
1.487 |
3.354 |
10.186 |
|
Cash Contribution to ITER IO |
1926.317 |
1061.176 |
1490.939 |
|
in-kind Contribution to IO |
0.000 |
0.000 |
1741.574 |
|
Depreciation & Amortizations of Intangible Assets |
451.796 |
387.490 |
313.037 |
|
|
|
|
|
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Less : Transfer from Corpus/Capital Fund |
(451.796) |
(387.490) |
(313.037) |
|
Loss on Disposal of Capital Assets/ Write off |
0.224 |
0.257 |
3.138 |
|
TOTAL
EXPENDITURE |
4561.276 |
2951.429 |
5315.718 |
|
|
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BALANCE BEING
EXCESS OF INCOME OVER EXPENDITURE |
836.370 |
5288.688 |
1031.202 |
|
Transfer to Corpus Fund for addition to Movable & Immovable Properties |
607.137 |
1366.404 |
1149.790 |
|
Transfer From Corpus Fund for w/off to Movable & Immovable Properties |
0.607 |
(20.012) |
(3.990) |
|
Transfer to Iter India Fund (Interest earned) |
146.643 |
141.329 |
137.774 |
|
Transfer to/from unspent Grant A/c |
83.198 |
3800.968 |
(252.373) |
RECEIPTS AND PAYMENTS [CONSOLIDATED]
|
PARTICULAR |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
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RECEIPTS |
|
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I. Opening Balances |
|
|
|
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a) Cash in hand |
0.045 |
0.037 |
0.170 |
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b) Bank Balances |
|
|
|
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i) In Current accounts |
47.878 |
79.042 |
39.030 |
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ii) In deposit accounts |
3999.813 |
1598.801 |
993.861 |
|
iii) Savings accounts |
52.083 |
3.344 |
6.288 |
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iv) Margin Money With Bank |
0.000 |
7.813 |
2.233 |
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II. Grant Received |
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|
|
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a) From Govt. of India- DAE |
5121.902 |
7998.388 |
6170.000 |
|
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III. Interest
Received |
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|
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a) On Bank Deposits |
267.867 |
173.530 |
179.753 |
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b) Loans, Advances etc. |
1.330 |
1.568 |
1.808 |
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c) Int. on I.T. Refund |
0.043 |
0.130 |
0.000 |
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IV. Other Income |
|
|
|
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Other Income |
5.521 |
6.674 |
3.924 |
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Royalty & Transfer Fee Income |
4.204 |
0.251 |
1.003 |
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V. Any Other
receipts |
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|
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Amount received for Earmarked/ Endowment Funds |
33.705 |
85.583 |
556.199 |
|
Security Deposits |
16.819 |
0.000 |
12.703 |
|
Others |
299.031 |
478.115 |
114.302 |
|
Receipt of LT Advances to Empl. |
2.411 |
2.104 |
2.839 |
|
Sale of Capital Assets |
0.202 |
0.352 |
0.840 |
|
Stock (Change in closing balance) |
0.000 |
0.693 |
0.000 |
|
|
|
|
|
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TOTAL |
9852.854 |
10436.425 |
8084.953 |
|
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|
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PAYMENTS |
|
|
|
|
I. Expenses |
|
|
|
|
a) Establishment Expenses |
948.526 |
817.020 |
715.403 |
|
b) Administrative Expenses |
1021.806 |
849.845 |
816.140 |
|
c) National Fusion Programme (Human Resource Development Expenses) |
1.487 |
3.354 |
10.186 |
|
d) Cash Contribution to ITER-IO |
1926.317 |
1061.176 |
1490.939 |
|
|
|
|
|
|
II. Exp. on Fixed
Assets, Cap. WIP & Others |
|
|
|
|
a) Purchase of Fixed Assets & other exp. |
608.324 |
1091.381 |
900.829 |
|
b) Expenditure on Capital WIP |
780.770 |
184.133 |
175.158 |
|
|
|
|
|
|
III. Refund of
Surplus money/Loans |
|
|
|
|
a) Deposits with Government Auth. & Suppliers/Security Deposits |
1.972 |
34.085 |
4.588 |
|
b) Payments against Earmarked Funds |
42.322 |
96.925 |
300.519 |
|
c) Payment against other liabilities |
0.000 |
0.000 |
1.418 |
|
|
|
|
|
|
IV. Other Payments
(Specify) |
|
|
|
|
a) Advances to Contractors & Suppliers (Including Adv. for Capital Works) |
1451.207 |
2187.505 |
1937.681 |
|
b) Stock (Change in closing Bal.) |
0.000 |
0.000 |
0.824 |
|
d) Payment of LT Advances to Empl. |
0.160 |
1.405 |
2.615 |
|
e) Others |
5.702 |
9.776 |
39.618 |
|
|
|
|
|
|
V. Closing Balances |
|
|
|
|
a) Cash in hand |
0.040 |
0.046 |
0.036 |
|
b) Bank Balances |
|
|
|
|
i) In Current accounts |
42.780 |
47.878 |
79.041 |
|
ii) In deposit accounts |
2989.890 |
3999.813 |
1598.801 |
|
iii) Savings accounts |
28.536 |
52.083 |
3.344 |
|
iv) Margin Money With Bank |
3.015 |
0.000 |
7.813 |
|
|
|
|
|
|
TOTAL |
9852.854 |
10436.425 |
8084.953 |
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 |
Yes |
|
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 |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
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 |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
HISTORY
The Institute for Plasma Research can trace its roots back to early
1970's when a coherent and interactive programme of theoretical and
experimental studies in plasma physics with an orientation towards
understanding space plasma phenomena was established at the Physical Research
laboratory.
The early studies were on simulation of E x B instabilities
characteristic of the equatorial electrojet, plasma-neutral gas interaction
with relevance to the cometary plasma-solar wind interaction and single
particle confinement in non-adiabatic magnetic mirrors. Experiments on
non-linear ion acoustic waves and double layers were added later. High power
plasma experiments using intense electron beams to form compact toroids and
electron rings in toroidal devices started in 1978 reflected a re-orientation
to fusion-relevant experiments.
A proposal to the Government of India to initiate studies on
magnetically confined high temperature plasmas was accepted in 1982 and
resulted in establishment of the Plasma Physics Programme (PPP) supported by
the Department of Science and Technology. Design and engineering of India's
first tokamak ADITYA started at the same time. In 1984 the activities moved
into an independent campus at Bhat village in the outskirts of Ahmedabad city
in 1984.
The PPP evolved into the autonomous Institute for Plasma Research under
the Department of Science and Technology in 1986. With the commissioning of
ADITYA in 1989, full-fledged tokamak experiments started. A dynamic
experimental programme focusing on transport due to edge turbulence has
resulted in major discoveries in this field. This period also saw development
of new programmes in plasma processing and basic and computational plasma
research.
With the decision to build the second generation superconducting steady
state tokamak SST-1 capable of 1000 second operation in 1995, the institute
grew rapidly and came under the administrative umbrella of the Department of
Atomic Energy. Major new programmes in pulsed power, advanced diagnostics,
computer modelling, development of RF and neutral beam heating systems etc.
also came into being. The industrial plasma activities were reorganised under
the Facilitation Centre for Industrial Plasma Technologies and moved to a
separate campus in Gandhinagar in 1998.
IPR is now internationally recognized for its contributions to fundamental and
applied research in plasma physics and associated technologies. It has a
scientific and engineering manpower of 200 with core competency in theoretical
plasma physics, computer modeling, superconducting magnets and cryogenics,
ultra high vacuum, pulsed power, microwave and RF, computer-based control and
data acquisition and industrial, environmental and strategic plasma
applications.
AWARDS AND
ACHIEVEMENTS
Dr. Mukesh Ranjan won the best oral presentation in Young Scientist Meet conducted in the International Conference on Nanotechnology for Better Living at NIT, Srinagar jointly organised by IIT-Kanpur and NIT-Srinagar from 25-29 May 2016. The title of his presentation was “Sub-monolayer growth of Ag on flat and nanorippled SiO2 surfaces”
Shri. Sunil Misal of Administration Division of IPR was awarded the DAE “Hindi Sevi Samman Puraskaar” for the year 2014-15 on 31st May 2016 for his commendable contributions in propagation and use of Hindi language in office. The award consisted of a citation and a medal, which was presented to him by the Chief Guest Shri. Anil Kumar, Director General (Security), Dept. of Atomic Energy, Mumbai, at the 17th All India Official Language Conference held at Anushakti Bhavan, DAE Secretariat, Mumbai.
Diagnosis of Trapped Energetic Particles in Source Plasma of LVPD
A. K Sanyasi, L. M. Awasthi, P. K. Srivastava, S. K. Mattoo, P. K. Kaw and R. Paikaray received best poster award at 5th PSSI-Plasma Scholars Colloquium (PSC), Ravenshaw University, Cuttack, 27-28 August 2016 Driving frequency effect on the electron energy distribution function and electron sheath interaction in capacitive discharges: A simulation study
Nishant Sirse, Miles Turner and Albert R Ellingboe, Sarveshwar Sharma and Predhiman K Kaw received best poster award at 6th International Conference on Microelectronics and Plasma Technology (ICMAP 2016), Gyeongju, Korea, 26-29 September 2016
Observation of nonlinear coupling between Kelvin-Helmholtz and drift wave instability in IMPED Sayak Bose, Neeraj Wakde, P.K. Chattopadhyay, J. Ghosh and Y.C. Saxena received best poster award at Joint ICTP-IAEA College on Plasma Physics, International Center for Theoretical Physics, Italy, 7-18 November 2016.
Design and Implementation of Electromagnetic Diagnostics Electronics in SST-1 Tokamak Praveenlal Edappala, Chandresh Hansalia, Rachana Rajpal, Hitesh Mandaliya, Vismay Raulji, Sameer Kumar and Raju Daniel received best paper award in the thread of Applied Electronics and System Engineering, at 2016 International Conference on Advances in Electrical, Electronic and
Systems Engineering (ICAEESE 2016), Putrajaya, Malaysia, 14-16 November 2016.
Studies on controlled synthesis of super paramagnetic carbon encapsulated magnetic nanoparticles (CEMN) by plasma expansion technique Ngangom Aomoa, Lavita Sarma, Trinayan Sarmah, Sidananda Sarma and M. Kakati received best poster award at International conference on Advances in Nanotechnology (iCAN-17), Assam Don Bosco University, Guwahati, Assam, India, 9-13 January 2017.
Influence of Cold Plasma Treatment on Seed Germination R. Rane, A. Vaid, C. Nalwa, A. Vikram, A. Thakur, S. Mukherjee received best oral presentation award at National Symposium on Advances in Agriculture through Sustainable Technologies & Holistic Approaches (AASTHA-2017), at International Centre, Dona Paula, Goa, 15-17 February 2017.
Overview and Status of ITER-India Gyrotron Test Facility (IIGTF) Vipal Rathod, S.L. Rao, Anjali Sharma, Ronak Shah, Deepak Mandge, Sharan Dilip, Amit Yadav, Rajvi Parmar received best poster award (second prize) at National Conference on Emerging Trends in Vacuum Electronic Devices & Applications VEDA 2016, Institute for Plasma Research, India, 16 - 18 March 2017
Professor Subroto Mukherjee, Head, FCIPT and Associate Dean, Academics, was awarded (jointly with Dr. S C Sharma of ISRO, Thiruvananthapuram) the VASVIK Award for the year 2016 in the category of Material & metallurgical Sciences & Technology. This award is instituted by the Vividhlaxi Audyogik Samshodhan Vikas Kendra, Mumbai. The award was presented to him by Shri Pankaj Patel, President, Federation of Indian Chambers of Commerce & Industry (FICCI) during the ceremony organized at BJ Hall, Vile Parle, Mumbai, 3 March 2017.
FIXED ASSETS:
Tangible Asset:
· Land
· Building
· Plant Machinery And Equipment
· Furniture and Fixture
· Office and General Equipment
· Computer / Peripherals
· Electric Installation
· Library Books/ Journals
· Computer
Intangible Asset:
·
Computer
Software
·
Patents
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 67.63 |
|
|
1 |
INR 89.70 |
|
Euro |
1 |
INR 78.20 |
INFORMATION DETAILS
|
Information
Gathered by : |
KMN |
|
|
|
|
Analysis Done by
: |
VIK |
|
|
|
|
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.
·