MIRA INFORM
REPORT
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Report Date : |
04.07.2007 |
IDENTIFICATION DETAILS
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Name : |
INTELMAC MACHINE TOOLS PRIVATE LIMITED |
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Registered Office : |
Survey No. 100 / 5, Ambegaon, Pune – 411 046, |
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Country : |
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Financials (as on) : |
31.03.2006 |
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Date of Incorporation : |
22.04.2004 |
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Com. Reg. No.: |
019175 |
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CIN No.: [Company
Identification No.] |
U29299PN2004PTC019175 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
PNEI04470E |
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PAN No.: [Permanent
Account No.] |
AABCI2356P |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Indenting Agents for well-known brands of machining centres, Turning Centres,
Horizontal and Vertical Borers, Piano-millers, cold Rolling Mill Machineries,
etc. |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 3000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is a part of Intelmac group who deals in machine tools. It is a medium sized group. Trade relations are fair. Payments are usually correct and as per
commitments. Nothing adverse
reported. The company can be considered normal for business dealings at usual
trade terms and conditions. A supplementary report shall follow soon. |
LOCATIONS
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Registered/ Head Office : |
Survey No. 100 / 2, Ambegaon, Pune – 411 046, |
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Tel. No.: |
91-20-24318111 – 14, 24318119, 32529256 (Reliance) |
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Mobile No.: |
91-9326077628 |
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Fax No.: |
91-20-24318116 / 24318124 |
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E-Mail : |
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Website : |
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Area : |
Large (By group) |
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Location : |
Owned |
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Branch : |
‘Laxmi Deep’ Office No. 108, Near |
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Tel. No.: |
91-11-22452092/ 32616999 |
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Fax No.: |
91-11-22452092 |
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E-Mail : |
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Location : |
Rented |
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Branch : |
Chennai: AH – 231, 2nd Street, 8th |
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Tel. No.: |
91-44-26194996/ 26220007/ 32947130 |
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Fax No.: |
91-44-26220007 |
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E-Mail : |
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Location : |
Rented |
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Branch : |
95 / 90, “SOWJANYA” 1st 19th Main, 1 ‘N’ Block,
Rajajinagar, |
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Tel. No.: |
91-80-23474706/ 23572400/ 32988614 |
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Fax No.: |
91-80-23474508 |
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E-Mail : |
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Location : |
Rented |
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Branch : |
C/o. Inteltek Automatic Shree Nilayam Apartment, Flat No. S – 10, H. No. 8 – 3 – 319 / 8 /
4,Near Sarathi Studio Yusufguda Road, Yellareddyguda, Hyderabad – 500 073 |
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Tel. No.: |
91-40-23756516/ 32414790 |
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Fax No.: |
91-40-23756516 |
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E-Mail : |
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Location : |
Rented |
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Branch : |
Mumbai: C – 1101 – C1104, Mahavir Trinkets, Behind Huma Adlabs, Kanjurmarg
(West), Mumbai – 400 078 |
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Tel. No.: |
91-22-25772629/ 25788450/ 32626537 |
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Fax No.: |
91-22-2577 2629 |
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E-Mail : |
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Location : |
Owned |
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Branch : |
Ahmedabad 201, Saffron, Near Rambaugh Petrol Pump, Maninagar, Ahmedabad-380008, |
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Tel. No.: |
91-79-25433527/ 32998843 |
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Fax No.: |
91-79-25433527 |
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E-Mail : |
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Location : |
Rented |
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Branch : |
B/11/B, 9th Phase, Adarsh Nagar, Soneri, |
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E-Mail : |
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Location : |
Rented |
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Branch : |
House No.2245, FF, Sector 44C, Chandigarh-160047 |
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Tel. No.: |
91-172-2664422 |
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Fax No.: |
91-172-2664422 |
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E-Mail : |
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Location : |
Rented |
DIRECTORS
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Name : |
Mr. P V Anant Narayan |
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Designation : |
Director |
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Address : |
404, Ketk, DSK Raanwara, Bavdhan, Pune-411021 |
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Date of Birth : |
09.03.1952 |
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Qualification |
B.E. - Mechanical |
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Experience : |
30 years |
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Name : |
Mr. A V Sondur |
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Designation : |
President |
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Address : |
A3/46, Gajlaxmi Housing Society, Sahakar Nagar, Pune-411009, |
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Date of Birth : |
25.04.1953 |
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Qualification |
B.E. – Mechanical |
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Experience : |
30 years |
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Name : |
Mr. S A Chubal |
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Designation : |
Chief Executive Officer |
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Address : |
C-9, Madhukamal Nagar, |
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Date of Birth : |
07.11.1956 |
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Qualification |
B.E. – Mechanical |
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Experience : |
25 years |
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Name : |
Mr. V R Kashikar |
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Designation : |
DGM |
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Address : |
Flat No.7, |
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Date of Birth : |
17.03.1957 |
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Qualification |
B.E. – Mechanical |
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Experience : |
28 years |
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Name : |
Mr. S Jidgekar |
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Designation : |
DGM |
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Address : |
Saket A, Flat No.6, S No.45, Karve Nagar, Pune-52 |
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Date of Birth : |
05.06.1957 |
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Qualification |
B.E. – Mechanical |
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Experience : |
25 years |
BUSINESS DETAILS
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Line of Business : |
Indenting Agents for well-known brands of machining centres, Turning
Centres, Horizontal and Vertical Borers, Piano-millers, cold Rolling Mill
Machineries, etc. |
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Products : |
CNC TURNING
MACHINES
CNC MILLING MACHINES
CNC BORING
MACHINES
DOUBLE COLUMN
MILLING AND BORING MACHINES
GRINDING
MACHINES
MACHINES
REQUIRED IN
SPECIAL PURPOSE
MACHINES
Machining Centres Tuning Centres Grinding Machines Aerospace Machinery Heavy duty horizontal and vertical borers |
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Agencies Held : |
v
v
v
v
Wei-Tai international, v
v
HNK Machine Tool Company Limited v
v
v
v
v
Union Bohrwerke aus v
Creno v
Torres v
v
v
M v
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Terms : |
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Selling : |
Contractual |
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Purchasing : |
Contractual |
GENERAL INFORMATION
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Customers : |
End Users and OEM’s Alfa Laval Larsen
& Toubro Alfa Craft Lechler Amtek Auto LTM ANG International Asahi Ashok Leyland Manugraph
Industries Aqua Sub Maini
Precision Bajaj Auto New
Era Bharat Forge Otto Bilz BHEL Pam
Pharmaceuticals Group Brakes Cummins Precitex DGP Hinoday Rasandik
Engg. Delphi Rane
Group Dot Graphtech Rockman
Cycles Enkei Castalloys RICO Auto. Engine Valves RSB
Transmissions Force Motors Sakthi
Auto Gemsons Sandvik
Asia GKN Driveline Shriram
Pistons Godrej & Boyce Sona Koyo
Steering Harig Subros HAL Tata
Motors Hercules Hoists TVS
Motors Hero Group TISCO Hodek Vibrations Varroc HV Axles Veena
Industries IM Gears Videocon Indo Schottle Group Virgo
Engineers ISGEC Viyoma
Computer Aided Mfg. JCB ZF
Steering KC Toolroom |
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No. of Employees : |
25 (In Office 15, In Branch 10) |
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Bankers : |
ICICI Bank Limited, |
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Facilities : |
Credit Limit : Current Account |
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Banking
Relations : |
- |
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Auditor : |
Yerawadekar & Ranade Chartered Accountants |
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Address ; |
1018, Shukrawar Peth, |
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Tel. No.: |
91-20-24447887 |
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E-Mail : |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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10000 |
Equity Shares |
Rs.10/- each |
Rs.0.100 million |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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10000 |
Equity Shares |
Rs.10/- each |
Rs.0.100 million |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
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31.03.2006 |
31.03.2005 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
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0.100 |
0.100 |
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2] Share Application Money |
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0.000 |
0.000 |
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3] Reserves & Surplus |
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0.711 |
0.304 |
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4] (Accumulated Losses) |
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0.000 |
0.000 |
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NETWORTH |
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0.811 |
0.404 |
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LOAN FUNDS |
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1] Secured Loans |
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1.107 |
0.462 |
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2] Unsecured Loans |
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0.000 |
0.000 |
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TOTAL BORROWING |
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1.107 |
0.462 |
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DEFERRED TAX LIABILITIES |
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0.110 |
0.000 |
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TOTAL |
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2.028 |
0.866 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
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1.610 |
0.904 |
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Capital work-in-progress |
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0.000 |
0.000 |
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INVESTMENT |
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1.478 |
0.000 |
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DEFERREX TAX ASSETS |
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0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
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0.000 |
0.000 |
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Sundry Debtors |
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4.434 |
2.556 |
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Cash & Bank Balances |
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2.468
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0.986 |
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Other Current Assets |
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0.000 |
0.000 |
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Loans & Advances |
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1.426 |
0.524 |
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Total
Current Assets |
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8.328 |
4.066 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Current Liabilities |
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8.735 |
4.119 |
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Provisions |
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0.665 |
0.000 |
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Total
Current Liabilities |
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9.400 |
4.119 |
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Net Current Assets |
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(1.072) |
(0.053) |
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MISCELLANEOUS EXPENSES |
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0.012 |
0.015 |
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TOTAL |
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2.028 |
0.866 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
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31.03.2006 |
31.03.2005 |
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Sales Turnover |
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20.690 |
11.543 |
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Other Income |
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0.001 |
0.000 |
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Total Income |
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20.691 |
11.543 |
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Profit/(Loss) Before Tax |
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1.343 |
0.305 |
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Provision for Taxation |
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0.877 |
0.061 |
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Profit/(Loss) After Tax |
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0.466 |
0.244 |
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Total Earnings |
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20.067 |
11.389 |
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Expenditures : |
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Administrative Expenses |
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12.903 |
5.106 |
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Depreciation & Amortization |
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0.119 |
0.058 |
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Total Expenditure |
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13.022 |
5.164 |
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KEY RATIOS
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PARTICULARS |
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31.03.2006 |
31.03.2005 |
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PAT / Total Income |
(%) |
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2.25 |
2.11 |
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Net Profit Margin (PBT/Sales) |
(%) |
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6.49 |
2.64 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
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13.51 |
6.14 |
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Return on Investment (ROI) (PBT/Networth) |
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1.65 |
0.75 |
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Debt Equity Ratio (Total Liability/Networth) |
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12.95 |
11.34 |
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Current Ratio (Current Asset/Current Liability) |
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0.88 |
0.99 |
LOCAL AGENCY FURTHER INFORMATION
Website details
attached:
Profile
Subject is one of the Companies from the Group Intelmac dealing
in”Sales and service of Imported Machine Tools”.
In fact subject represents the original
activity of the Group i.e. the activity with which the Group was founded in
1981.
Subject is your gateway for Global sourcing
of Machine Tools. The range covers machines from
The types of machines include Machining
Centres, Turning Centres, Multi Tasking Machines, Grinding Machines, Horizontal
& Vertical Borers, Plano-millers, Cold Rolling Machines and Special
Machines for Aerospace applications.
With it’s Headquarters at Ambegaon - Pune,
subject operates thru a network of Branches covering the major Industrial
Centres of India.
Their Team capabilities go well beyond just
selling of the machines. They provide machining solutions to the customer.
Their Team is comprised of experienced
Machine Tools Specialists trained in several aspects relating Sales, Service
and Productionising of Machines.
Their Sales and Application Engineering
team members are solution providers who work with the customers thru all stages
of machine procurement from conception right upto commissioning.
This means working in partnership with the
customer starting from the study of component, working out the suitable process
and cycle time proposals, fixturing, tooling, selection of machine, supply of
the machine from principals, erection and commissioning the machine at site,
production sing and finally the training of the customer.
Their priority is Service back up to their
esteemed customers. The servicing Team is specially trained in installation of
complex machines as well as the breakdown services thru the machine
diagnostics. We can also provide services for activities like re-location of
machines, AMCs, Training etc.
THEIR MOTTO AT INTELMAC IS TO HELP CUSTOMERS EARN MORE PROFITS BY
PROVIDING INTELLIGENT
MACHINING SOLUTIONS
THROUGH PERSONALISED PRE & AFTER SALES SUPPORT
Intelmac Group
Principal office at Pune, a leading industrial city 160 Km south east of
Mumbai.
Sales & service offices located in 6 main cities, reaching the
industries located at the industrial
centres all over
Manufacturing based in Pune & in
Capabilities include : Design & Development of products,
Manufacturing & Sourcing of components, System engineering & machine
building.
Providing turn key solutions using sophisticated electronics & any
necessary softwares & their customization
An overall team size of 190 comprising of 110 engineers. Widely trained
& well experienced engineering & execution teams.
Associated
with very reputed & leading international partners for sourcing of key
components & engineering support etc.
An established track record having executed several important projects
for prominent customers. Refer to details under each group.
Business Partners
INTELMAC was established in 1981 as
a marketing organization specializing in Machine Tools & production
equipments. Over the years, Intelmac has been providing first class products
& services to the customers and has steadily grown to the present
organization. They represent several leading & well known manufacturers of
machine tools like
v
Mori Seiki
v
Weingartner Maschinenbau
v
Paragon
v
Wei-Tai international
v
Unisign
v
HNK Machine Tool Company Limited
v
Lectra
v
Hyundai- Kia
v
Awea
v
Doimark
v
Union Bohrwerke aus
v
Creno
v
Torres
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
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 40.58 |
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|
1 |
Rs. 81.89 |
|
Euro |
1 |
Rs. 55.29 |
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 |
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