MIRA
INFORM REPORT
|
Report Date : |
23.11.2006 |
IDENTIFICATION
DETAILS
|
Name : |
HINDUSTAN
MOTOR MANUFACTURING COMPANY |
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Registered Office : |
32/A,
Vidyavilla Compound, Old Nagardas Road, Andheri [East], Mumbai 400069,
Maharashtra |
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Country : |
India |
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Financials (as on) : |
31.03.2006 |
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Date of Incorporation : |
1972 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
MUMH02001G |
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PAN No.: [Permanent
Account No.] |
AAAFH1566L |
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Legal Form : |
Partnership
Concern with an unlimited liability of the partners |
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Line of Business : |
Manufacturers
of Electric Motors. |
RATING & COMMENTS
|
MIRAs Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD
40000 |
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Status : |
Good |
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Payment Behaviour : |
Usually
correct |
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Litigation : |
Clear |
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Comments : |
Subject
is a well established concern having satisfactory track. Trade relations are fair. General financial position is
satisfactory. Payments are usually
correct and as per commitments. The
concern can be considered normal for business dealings at usual trade terms
and conditions. |
LOCATIONS
|
Registered / Administrative Office : |
32/A,
Vidyavilla Compound, Old Nagardas Road, Andheri [East], Mumbai 400069,
Maharashtra, India |
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Tel. No.: |
91-22-28201316/
28360651/ 28380080/ 28380081 |
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Fax No.: |
91-22-28380947 |
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E-Mail : |
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Website : |
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Area : |
Medium
Sized |
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Location : |
Owned
by Group |
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Factory
1 : |
MIDC,
Andheri, Mumbai, Maharashtra |
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Area : |
Medium
Sized |
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Location : |
Owned |
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Branches
: |
Mr.
Jayesh Prajapati 35,
Rudrax Complex, Part 2, Near Gayatri Hotel, Trikampura Patia, G. I. D.C.,
Vatva Mobile
: 91-9328211180 Sunny
Engineers & Associates Mr.
Abhijeet Guha 187,
Purbachal Pally, P. O. Angus, Hoogly 712221 Tel.
No. 91-33-39599381 Fax
No. 91-33-26335679 Mobile
: 91-9331840227 E-mail
: guha_abhisomjit@rediffmail.com Mr.
Ramesh Saraf Akshaya
1411, 26th A Main Road, 9th Block, Jayanagar,
Bangalore 560011, Karnataka, India Tel.
No. 91-80-26649988 Mobile
: 91-9343831722 E-mail
: rsaraf@hindmotors.com / hmmotorbang@vsnl.net Mr.
Shiv Kaushish Plot
No. 1176, 58th Street, Karattur, Chennai 600080, Tamilnadu,
India Mobile
: 91-9384621211 E-mail
: skaushish@hindmotors.com /
shiva_kaushish@hotmail.com |
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Service
Centres : |
Bharat
Engineers Mr.
Mahendra Anandpara / Mr. Haresh Kamble 32/A, Vidyavilla Compound, Old
Nagardas Road, Andheri [East], Mumbai 400069, Maharashtra, India Tel.
No.: 91-22-28201316/ 28360651/
28380080/ 28380081 Fax
No.: 91-22-28380947 E-Mail : manandpara@hindmotors.com Krishna
Electricals Mr.
Sachin Mehendale Near
Morya Mangal Karyalaya, Dattanagar, Thergaon, Chinchwad, Pune 411033,
Maharashtra, India Tel.
No. : 91-20-27273826/56313550 Cell :
: 91-9422088151 E-mail
: mehendalesachin@yahoo.com Trans
Coil Electricals Mr.
Ashok Gaikwad Pune
Bangalore Road, Near Neelam Hotel, MIDC, Shiroli [Nagav], Kolhapur Tel.
No. : 91-230-2468342 Cell :
91-9823172341 Bhagwati
Electric Works Mr.
Patil 76,
Upendra Nagar, CIDCO, Ambad Link Road, Nashik 10 Cell :
91-9822057796 S. G.
Engineering Works Mr.
Sanjay Khandelwal Plot
No. S 65, M.I.D.C., Hingna Road, Nagpur 440016 Tel.
No. : 91-7104-232091 Cell :
91-9823063314 SDF
Service Centre Mr.
Rakesh Patel Survey
No. 15/3, Gala No. 2, Ground Floor, Reliance Industrial Estate, Ringanwala
Village, Kachigam, Daman 396210 E-mail
: rpatel@hindmotors.com Renovate
Winding Works Mr.
Arun Asinkar 2016,
G.I.D.C., Phase IV, Vatva, Opposite Ratnadeep Industries, Ahmedabad 382445 Tel.
No. 91-79-25894955 Cell :
91-9844001340 Amee
Electricals Mr.
Devendra Yadav 76,
Sahajanand Estate, Behind Lalji Mulji Transport, Sharkhej Char Rasta,
Sharkhej Gandhinagar Highway, Ahmedabad Tel.
No. : 91-79-22870911 Telefax
: 91-79-22973067 Cell :
91-9525270627 E-mail
: ameeelectricals@yahoo.co.in Saini
Electric Works Mr. S.
N. Saini 314,
Behind Sangam Building, Notary Club Marg, Jaipur 1, Rajasthan Tel.
No. 91-141-2360204 Cell :
91-9414046955 E-mail
: sainielectric@yahoo.com Ajay
Engineering Company Mr. P.
C. Choradiya Plot
No. 31, PU 3, SC. No. 54, Opposite Bhagirath Body Builders, Near L. I.C.
Office, A. B. Road, Indore, Madhya Pradesh Tel.
No. : 91-731-2551395 / 2576249 Fax
No. : 91-731-2551395 Cell :
91-9425368232 / 9425478666 Agarwal
Engineering Company Mr.
Anant Agarwal B
70/29, Lawrence Road Industrial Area, DSIDC Complex, Delhi 110035, India Tel.
No. : 91-11-27182384 / 7520 Fax
No. : 91-11-27187520 Cell :
91-9810007811 E-mail
: aeco@del3.vsnl.net.in Sham
Electric Works Mr.
Shamlal / Mr. Ashok WZ
3, Shop No. 4, Basai Dara Pur Road, New Delhi 110015, India Tel.
No. : 91-11-32412059 / 25100947 / 42298147 Cell :
91-9811154657 Premier
Sales & Marketing Mr.
Rajiv Raman A
36, Gurunank Nagar, Near Hotel Amber, Kalimati Road, Sakchi, Jamshedpur
831001 Tel.
No. : 91-657-2431943 / 2426558 Fax
No. : 91-657-2431943 E-mail
: power999@satyam.net.in Kar
Bros Electric Mr. S.
Kar P/6,
Garfa East End Row, Kolkata 700078 Tel.
No. : 91-33-24182339 Fax
No. : 91-33-28370244 Cell :
91-9831489483 Shree
Sadguru Electrical Works Mr.
Shekhar Shop
No. 23, Sterling Apartment, Distillary Road, Ranigunj, Secunderabad 500003 Tel.
No. 91-40-27544446 / 27542200 Fax
No. 91-40-55323559 Cell :
91-9849012553 E-mail
: shekhar4sadguru@yahoo.co.in Electrical
Services Mr.
Ganesh New
No. 26, Old No. 279, Pycrofts Road, Entrace From Sydoji Lane, Triplicane,
Chennai 600005 Tel.
No. : 91-44-28571375 Cell :
91-9840110024 E-mail
: elecserve@yahoo.co.in Kwality
Electrical Works Mr.
Najappa No. 9,
1st Main, Tavarekere Chocolate Factory Road, Bangalore 560081 Tel.
No. : 91-80-26845243/25978878 Cell :
91-9844001340 Asian
Power Techs Mr. V.
S. Subhash 23, 2nd
Cross, BVS Layout, Bannerghatta Road, Bangalore 560076 Tel.
No. : 91-80-56987786 / 26847845 Cell :
91-9342164977 E-mail
: asianpower37@rediffmail.com Powermag
Control Systems Private Limited Mr. S.
Madhusoodhanan 2093,
S. F. No. 532, Nehru Nagar, Maniyakaranpalayam, Ganapathy, Coimbatore
641006 Tel.
No. : 91-422-2532013 / 2537990 Fax
No. : 91-422-2437988 |
PARTNERS
|
Name : |
Mr.
Kishore Desai |
|
Designation : |
Partner |
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Date of Birth/Age : |
64
Years |
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Qualification : |
Engineering |
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Experience : |
40
years |
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|
Name : |
Mr.
Sanjay Jadia |
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Designation : |
Partner
|
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Date of Birth/Age : |
33
years |
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Qualification : |
Engineering
|
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Experience : |
7
years |
KEY EXECUTIVES
|
Name
: |
Mr.
Mahendra Anandpara |
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Designation
: |
Chief
Executive Officer |
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Date
of Birth/Age : |
57
years |
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Qualification
: |
B. E.
[Mech.] |
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Experience
: |
30
years |
BUSINESS DETAILS
|
Line of Business : |
Manufacturers
of Electric Motors. |
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Products : |
High Efficiency Motors Brake Motors Flame Proof Motors Dual Speed Motors Geared Motors Crane Duty Motors Cooling Tower Motors Inverter Duty Motors Customised Motors |
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Brand Names : |
Hindustan
Motor |
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Exports to : |
U.S.A.
and Europe [Motors] |
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Imports from : |
Korea,
Taiwan and Japan [Raw Material] |
GENERAL
INFORMATION
|
Customers : |
OEMs Voltas Blue Star HMT WIDIA Bajaj Electrical Trumac Mihir Engineers Telco Reliance Industries Lohia Kolsite Killick Nikson |
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No. of Employees : |
135 Group
: 600 |
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Bankers : |
HDFC
Bank Mumbai |
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Banking Relations : |
Satisfactory
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Associates : |
Paras
Motor Manufacturing Company Mumbai Paras
Pump Private Limited Mumbai Hem
Industries Mumbai |
CAPITAL STRUCTURE
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Capital
Investment : |
|
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Owned : |
Rs.
5.000 millions |
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Borrowed : |
Rs.
5.000 millions |
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Total : |
Rs.
10.000 millions |
FINANCIAL DATA
[all figures are in Rupees
Millions]
|
Particulars |
|
|
31.03.2006 |
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Sales Turnover |
|
|
120.000 |
Group
Sales of March, 2006 : Rs. 1100 millions
LOCAL AGENCY
FURTHER INFORMATION
Trade
Reference :
Ψ
Siemens
Ψ
GEC
Alsthom
WEBSITE
DETAILS
Hindustan Motors Manufacturing Company is one of the leading Electric Motors Manufacturers in India having ISO 9001 Certification. They have experience of over more than 28 years in Design, Development and Manufacturing of Electric Motors.
Hindustan
Motor Manufacturing Company caters the need of Machine Tools, Blowers and Fans,
Air-Conditioners, Compressors, Material Handling Equipment, Cranes and Hoist,
Textile Machinery, Cement Plant, Pharmaceutical Machinery, Packaging Machinery,
Construction Equipment, General Engineering Applications and wide range of
Applications.
The Early days
All
they had was their qualification, their experience and loads of enthusiasm. And
a tiny rented place. Today those very engineers who started with a dream, have
made their dream a reality- with Hindustan Motor Manufacturing Company, (HMM) a
company with its own Factories, shops with the latest technology; sophisticated
labs; office premises and supporting technical staff.
That's
not all! The future is secured as well! With new factory at Daman and Vapi,
Gujarat well spread over 8 acres of land and house the factory as well as staff
quarters.
A bright Horizon
At
HMM, the future is bright and focused. Growth is not an event; it's a process
and HMM has plans. A major expansion program to achieve new levels of self
sufficiency that includes:-
Tool Room
An in house Pattern making and Foundry with capacity of 150 tonnes
New sophisticated product machinery
Stamping and lamination facility
Pressure Die Casting facility
As an advantage of its in house facilities, HMM is capable of taking every challenge of the market in terms of production, both quality and quantity wise. The factory produces its own tooling, pattern mould, jigs and fixtures. As a result of this HMM offers its range of products in a very short time at very competitive prices.
A Dream is a goal with an objective! HMM hopes to continue its contribution to overall natural resources.
Product of perfection
Once they are in, go all the way! HMM has them all- a complete range of products to suit all kind of industrial needs.
And the range is complete-motors with standard ratings and duty cycles; 3 phase as well as single phase squirrel cage motor with standard speeds and various constructions.
Three Phase Motors from 0.093 KW to 90 KW
Single Phase Motors
Gear Motors from 0.12 KW to 7.5 KW, 16-400 RPM
Flame Proof Motors from 0.093 KW to 22 KW
Crane duty motor
Inverter Duty Motors
Motors for special supply condition
Textile Motors (Loom motors, card motors and ring frame motors)
Torque Motors
Low vibration motors
Cooling tower motor
Brake Motors
Vibratory Motors
Special Motors
HMM caters the need of machine tools, blowers and fans, air-conditioners, compressors, material handling equipment, cranes and hoist, textile machinery, cement plant, pharmaceutical machinery, packaging machinery, construction equipment, general engineering applications and wide range of applications.
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 Intl 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
companys 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 |
Rs.44.75 |
|
UK
Pound |
1 |
Rs.85.14 |
|
Euro |
1 |
Rs.57.55 |
SCORE &
RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--MARGINS |
-5~5 |
- |
|
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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
54 |
This score serves as a reference to assess SCs 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 and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit
history (10%) Market
trend (10%) Operational
size (10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial
base with the strongest capability for timely payment of interest and
principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No
caution needed for credit transaction. It has above average (strong)
capability for payment of interest and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are
regarded healthy. General unfavourable factors will not cause fatal effect.
Satisfactory capability for payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of
interest and principal sums in default or expected to be in default upon
maturity |
Limited with full security |
|
<10 |
C |
Absolute credit risk exists. Caution
needed to be exercised |
Credit not recommended |
|
NR |
In view of the lack of information, we
have no basis upon which to recommend credit dealings |
No Rating |
|