MIRA
INFORM REPORT
|
Report Date : |
05.04.2008 |
IDENTIFICATION
DETAILS
|
Name : |
WIPRO INFRASTRUCTURE ENGINEERING LIMITED |
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Formerly Known As : |
WIPRO
FLUID POWER LIMITED – till 18-10-2005 NETKRAKER
LIMITED-till 16-04-2002 |
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Registered Office : |
Plot
No. 9B/10A, Phase I, Peenya Industrial Area, Bangalore- 560058, Karnataka |
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Country : |
India |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
31.07.2000 |
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Com. Reg. No.: |
08-27551 |
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CIN No.: [Company
Identification No.] |
U72900KA2000PTC027551 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
BLRW00511A |
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PAN No.: [Permanent
Account No.] |
AABCN1609C |
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Legal Form : |
A closely held
public limited liability company. |
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Line of Business : |
Manufacturer of Hydraulic Cylinders and Hydraulic Tipping Systems |
RATING &
COMMENTS
|
MIRA’s Rating : |
Aa |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
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Maximum Credit Limit : |
USD 6400000 |
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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 part
of world known Wipro Group, Software giant. Available information indicates
high financial responsibility of the company. Financial position is good.
Trade relations are fair. Payments are correct and as per commitments. The company can
be considered good for any normal business dealings at usual trade terms. It
can be regarded as a promising business partner in a medium to long run. |
LOCATIONS
|
Registered Office / Factory
: |
Plot
No. 9B/10A, Phase I, Peenya Industrial Area, Bangalore- 560058, Karnataka,
India |
|
Tel. No.: |
91-80-28394982 / 41369100 |
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Fax No.: |
91-80-28396980 / 28396450 |
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Email : |
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Website : |
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Area : |
25000
sq. ft. |
|
Location : |
Owned –
Industrial Area |
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Corporate
Office : |
Corporate
Miller, 332/1, Thimmaiah Road, Vasanthnagar Bangalore- 560052, Karnataka,
India |
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Tel. No.: |
91-80-41994076 / 5199 4000 |
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Fax No.: |
91-80-41994080 / 5199 4080 |
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E-Mail : |
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Area : |
25000
sq. ft. |
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Location : |
Rented – City
Area |
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Regional
Office : |
Located at Faridabad, Jamshedpur, Hyderabad, Kolkatta and
Mumbai |
DIRECTORS
|
Name : |
Mr. Azim Premji Hasham |
|
Designation : |
Chairman |
|
Address : |
75, 133-135/1,
136/1, Doddakannelli, Sarjapur Road, Bangalore 560035, Karnataka |
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Date of Birth/Age : |
03/03/1957 |
|
Date of Appointment : |
15/04/2002 |
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|
Name : |
Mr.
Anurag Behar |
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Designation : |
Managing
Director |
|
Address : |
F2, Salarporia Residency, 158-4th Main, Defence Colony,
Bangalore 560038, Karnataka |
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Date of Birth/Age : |
09/09/1968 |
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Qualification : |
B.E., MBA |
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Date of Appointment : |
01/05/2004 |
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Last Employment : |
Wipro Limited |
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Name : |
Mr.
Suresh C Senapathy |
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Designation : |
Director |
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Address : |
301, Brigade
Lavelle-1, Lanelle Road, Bangalore 560001, Karnataka |
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Date of Birth/Age : |
24/07/1945 |
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Date of Appointment : |
19/02/2003 |
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Name : |
Mr.
Harish Jeevanlal Shah |
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Designation : |
Director |
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Address : |
503
D, Raheja Residency, 7th Cross, III Block, Koramangala,
Bangalore—560034 |
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Date of Birth/Age : |
31-03-1958 |
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Date of Appointment : |
25.01.2006 |
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|
Name : |
Mr. M
Senapathy |
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Designation : |
Director |
|
Address : |
64,
Old Veterinary Hospital Road, Basavangudi, Bangalore- 560004 |
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Date of Birth/Age : |
08-11-1942 |
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Date of Appointment : |
01-03-2002 |
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|
Name : |
Ms.
Madhu Khatri |
|
Designation : |
Director |
|
Address : |
Apartments 601, Whitefield, Bangalore 560066, Karnataka |
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Date of Birth/Age : |
13/07/1963 |
|
Date of Appointment : |
25/01/2006 |
KEY EXECUTIVES
|
Name : |
Mr.
Velerian John Fernandas |
|
Designation : |
Company
Secretary |
|
Address : |
No.25, 4th Cross, 8th Main, GM Palya, Bangalore
560075, Karnataka |
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Date of Birth/Age : |
29/12/1965 |
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Date of Appointment : |
13/10/2004 |
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|
|
|
Name : |
Mr. R Vasudevan |
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Designation : |
VP – Operations WIN Europe |
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Qualification : |
B. Tech |
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Last Employment : |
TVS Electronics |
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|
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|
Name : |
Mr. S A Sudarshan |
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Designation : |
VP – New Business |
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Qualification : |
B.E., |
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Last Employment : |
Asian Paints |
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|
|
|
Name : |
Mr. Hariprasad Hegde |
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Designation : |
VP – New Business |
|
Qualification : |
B.Sc. B.E., PG |
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Last Employment : |
Satyam Computers |
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|
|
|
Name : |
Mr. Harish J Shah |
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Designation : |
VP – Finance |
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Qualification : |
B.Com., AICWA |
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Last Employment : |
Wipro Limited |
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|
|
Name : |
Mr. K N Padmanabha |
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Designation : |
VP- Strategic Investment & Integration Leader |
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Qualification : |
B.E., M.Tech |
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Last Employment : |
Bharat Electronics |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
AS ON 31.03.2004
|
Names of Equity Shareholders |
|
No. of Shares |
|
WIPRO
LIMITED |
|
9,047,595 |
|
ICICI
Trusteeship Services Limited |
|
188,550 |
|
Total |
|
9,236,145 |
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|
|
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|
Names of Preference Shareholders |
|
No. of Shares |
|
Wipro
Limited |
|
36,000,000 |
AS ON 30.09.2007
|
Equity Share
Breakup |
|
Percentage of
Holding |
|
Category |
|
|
|
Bodies corporate |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Hydraulic Cylinders and Hydraulic Tipping Systems |
PRODUCTION STATUS
|
Particulars |
Unit |
Registered
Capacity |
Installed
Capacity |
Actual
Production |
|
Hydraulic &
Pneumatic Equipment |
N P A # |
538,000 |
454,500 |
-- |
|
Tipping gear
Systems |
N P A # |
21,000 |
30,000 |
-- |
|
Hydraulic &
Pneumatic Equipment |
Nos. |
-- |
-- |
288,738 |
|
Tipping gear
Systems |
|
-- |
-- |
26,803 |
GENERAL
INFORMATION
|
Major Supplier :
|
·
Accurate Engineering enterprises ·
Absolute Engineering enterprises ·
Accurate Cutting Centre ·
Accutech Enterprises ·
A.P. Engineering Works Private Limited ·
Bharath Industries ·
Balambiga Metal Finishers ·
B P Products ·
B G K Precision Products ·
B S R Engineering ·
Chandra Engineering Industries ·
Crest Cam Cnc Systems ·
Dhanalakshmi Industries ·
Drillco Scco Limited ·
Essar Engineers ·
Excel Industries ·
General Machine ·
Heat Carb Enterprises ·
Hoysala Engineering Works ·
Hmt Machine Tools Limited ·
Jaishankar Engineering Works ·
J S D Enterprises ·
Karnataka Tufftriding & Engineering ·
Kokila Engineering Enterprises ·
Kalpana Engineering Works ·
Kumaran Industries ·
Kalpa Engineering ·
L M Industries ·
Meghashree Industries ·
Manjunatha Industries ·
Myzas Engineers ·
Manjunatha Accurates ·
Precimax Devices ·
Promech Engineering ·
Promech Industries ·
Ranjeeth Engineering ·
Rayyan Industries ·
Subbaiah Enterprises ·
Sujatha Industries ·
Sobo Technology ·
S L N S Engineering & Consultants ·
Sri Venkatadri Industries ·
Shreyes Engineering ·
Sri Shivashakti Industries ·
Tamilnadu Heat Treatment ·
Texel Engineers ·
Trinity Engineering Works ·
Teal Power Coatings ·
Tahafet Fiber Exports Private Limited ·
Tulip Industries ·
Technocraft Engineers ·
Trinity Systems ·
Texel Engineers – Unit 2 ·
Technocraft Industries ·
United Industries ·
Udaya Industries ·
Usha Industry ·
Universal Engineering Company ·
Vinumac ·
Vijay Sagar Tools ·
Vasanth Weld Industries ·
Varasiddi Induction |
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Customers : |
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|
No. of Employees : |
125 |
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Bankers : |
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Banking Relations
: |
Good |
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Auditors : |
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|
Name : |
BSR
and Company Chartered
Accountants |
|
Address : |
11-12/1, Maruti Info Centre, II Floor, Koramangala, Bangalore –
580071, Karnataka, India |
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Tel No.: |
91-80-39806000 |
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Fax No.: |
91-80-39806999 |
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Holding
Company : |
Wipro Limited |
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Fellow
Subsidiaries : |
·
Wipro Inc. ·
Enthink Inc ·
mPower Software Services (India) Private
Limited ·
Mpact Technologies Services Private Limited ·
cMango Inc. ·
cMango India Private Limited ·
cmango Pte Limited ·
Quantech Global Services LLC ·
Wipro Japan KK ·
Wipro Shanghai Limited ·
Wipro Trademarks Holding Limited ·
Cygnus Negri Investments Private Limited ·
Wipro Travel Services Limited ·
Wipro Healthcare IT Limited ·
Wipro Consumer Care Limited ·
Wipro Chandrika Limited ·
Wipro Holdings (Mauritius) Limited ·
Wipro Holdings (UK) Limited ·
Wipro Technologies UK Limited ·
Spectramind Inc. ·
BVPENTE Beteiligungsverwaltung GmbH ·
New Logic Technologies GmbH ·
New Logic Technologies Inc. ·
New Logic Technologies S.A. ·
3D Networks (UK) Limited ·
Wipro Cyprus Private Limited ·
RetailBox BV ·
Enabler Information SA ·
Enabler France SAS ·
Enabler UK Limited ·
Enabler Brazil Limited ·
Enabler & Retail Consult GmbH ·
Saraware Oy ·
Hydrauto Group AB ·
Hydrauto Medium Cylinders Skelleftteas AB ·
Hydrauto Engineering AB ·
Hydrauto Light Cylinders Bispgarden AB ·
Hydrauto Light Cylinders Ostersund AB ·
Hydrauto Big Cylinders Ljungby AB ·
Hydrauto Logistics AB ·
Hydrauto Oy AB Pernion ·
Hydrauto CelkaHidrolic San Ve Tic A.S. ·
3 Networks FZ-LLC ·
Wipro Technologies SRL ·
WMNETSERV Limited ·
WMNETSERV Inc ·
WMNETSERV UK Limited ·
Quantech Global Services Limited ·
Wipro Australia Pty Limited ·
3D Networks Pte Limited
|
CAPITAL STRUCTURE
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
9430000 |
Equity Shares |
Rs. 10/- each |
Rs. 94.300 millions |
|
36000000 |
1%
Redeemable Preference Shares |
Rs. 10/- each |
Rs. 360.000 millions |
|
570000 |
Fully
Convertible Preference Shares |
Rs. 10/- each |
Rs. 5.700 millions |
|
|
Total |
|
Rs. 460.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
9236100 |
Equity Shares |
Rs. 10/- each |
Rs. 92.361 millions |
|
36000000 |
1%
Redeemable Preference Shares |
Rs. 10/- each |
Rs. 360.000 millions |
|
|
Total |
|
Rs. 452.361 Millions |
FINANCIAL DATA
[all figures are in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2007 |
31.03.2006 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
452.361 |
452.361 |
|
|
2] Share Application Money |
|
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
|
1145.502 |
765.452 |
|
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
1597.863 |
1217.813 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
0.000 |
0.000 |
|
|
2] Unsecured Loans |
|
0.000 |
0.000 |
|
|
TOTAL BORROWING |
|
0.000 |
0.000 |
|
|
DEFERRED TAX LIABILITIES |
|
23.942 |
9.745 |
|
|
|
|
|
|
|
|
TOTAL |
|
1621.805 |
1227.558 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
555.804 |
321.553 |
|
|
Capital work-in-progress |
|
215.479 |
130.606 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
148.685 |
107.761 |
|
|
DEFERREX TAX ASSETS |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
864.731 |
619.066 |
|
|
Sundry Debtors |
|
621.274 |
460.769 |
|
|
Cash & Bank Balances |
|
38.354 |
55.377 |
|
|
Other Current Assets |
|
0.000 |
0.000 |
|
|
Loans & Advances |
|
111.359 |
87.254 |
|
Total
Current Assets |
|
1635.718 |
1222.466 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Current Liabilities |
|
877.153 |
511.817 |
|
|
Provisions |
|
56.728 |
43.011 |
|
Total
Current Liabilities |
|
933.881 |
554.828 |
|
|
Net Current Assets |
|
701.837 |
667.638 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
1621.805 |
1227.558 |
|
PROFIT & LOSS
ACCOUNT
|
PARTICULARS |
|
31.03.2007 |
31.03.2006 |
|
|
Sales Turnover |
|
3994.200 |
2673.400 |
|
|
Other Income |
|
35.300 |
29.900 |
|
|
Total Income |
|
4029.500 |
2703.300 |
|
|
|
|
|
|
|
|
Profit/(Loss) Before Tax |
|
580.900 |
390.300 |
|
|
Provision for Taxation |
|
196.700 |
136.500 |
|
|
Profit/(Loss) After Tax |
|
384.200 |
253.800 |
|
|
|
|
|
|
|
|
Earnings in Foreign Currency |
|
300.200 |
168.700 |
|
|
|
|
|
|
|
|
Imports : |
|
|
|
|
|
|
Raw Materials |
|
599.000 |
383.400 |
|
|
Stores & Spares |
|
26.700 |
17.000 |
|
|
Capital Goods |
|
10.200 |
18.700 |
|
Total Imports |
|
635.900 |
419.100 |
|
|
|
|
|
|
|
|
Expenditures : |
|
|
|
|
|
|
Depreciation & Amortization |
|
46.600 |
36.200 |
|
|
Other Expenditure |
|
3402.000 |
2276.800 |
|
Total Expenditure |
|
3448.600 |
2313.000 |
|
KEY RATIOS
|
PARTICULARS |
|
|
31.03.2007 |
31.03.2006 |
|
PAT / Total Income |
(%) |
|
9.53 |
9.39 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
|
14.54 |
14.60 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
|
26.51 |
25.28 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
|
0.36 |
0.32 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
|
0.58 |
0.46 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
|
1.75 |
2.20 |
LOCAL AGENCY
FURTHER INFORMATION
History
The
company incorporated as a private limited company with the name – Netcraker
Private Limited and converted as public limited company w e f 10th
August 2000.
The name
has been changed as – Wipro Fluid Power Limited w e f 16th April
2002 and again the name has been changed as – WIPRO INFRASTRUCTURE ENGINEERING
LIMITED, w e f 19th Oct 2005.
Raw Materials
·
Tubes
·
Rounds & Rods
·
Castings & Forging
·
Bearing, Seal & Wipers
- Piping
Layout, Tank assy, cabin Control
Entities Controlled by Directors
·
Azim Premji Foundation
·
Hasham Premji (Partnership Firm)
·
Major Share holder (or) Director has control
over these entities
Trade
References
Ř
Rollon
Bearings Private Limited
Ř
Rubwood
Packers Private Limited
Ř
Surya
Gears limited
Ř
Shamtan
Seals
Ř
Pushpagiri
Forgings Private Limited
Ř
Karnataka
electrical
Ř Fluorokraft Private Limited
Bankers Charges
Report as per Registry
|
This form is for |
Creation of
charge |
|
Corporate identity
number of the company |
U72900KA2000PTC027551 |
|
Name of the
company |
WIPRO INFRASTRUCTURE ENGINEERING LIMITED |
|
Address of the
registered office or of the principal place of business in India of the company |
Plot
No. 9B/10A, Phase I, Peenya Industrial Area, Bangalore- 560058, Karnataka,
India |
|
Type of charge |
Book Debts Movable Property Floating Charge |
|
Particular of
charge holder |
HDFC
Bank Limited, HDFC Bank House, Senapati Bapat Marg, Lower Parel [West] , Mumbai
– 400013, Maharashtra, India |
|
Nature of
description of the instrument creating or modifying the charge |
Letter of hypothecation
of stocks and book debts |
|
Date of
instrument Creating the chargers. |
30.03.2007 |
|
Amount secured by
the charge |
Rs. 350.000
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest Cc – 11.5 % PER
Annuam with periodical rests or at such rate and at such periodical rests as
may be specified by the bank Terms of
Repayment As stipulated
from bank from time to time Margin 25 % on bill
discounting / stocks Extent and
Operation of the charge First pari passu
charge on stock and book debts of the company both present and future |
|
Short particulars
of the property charged |
First pari passu
charge on Stocks and Book debts of the company both present and future |
Fixed
Assets
Ř Land
Ř Building
Ř Plant and Machinery
Ř Furniture and Fixture
Ř Computers
Ř Vehicles
AS PER WEBSITE
Wipro Infrastructure Engineering
Wipro Infrastructure Engineering (formerly
Wipro Fluid Power) provides solutions ranging from Precision Engineered
Products to value added Services for customers in industries that serve the
core infrastructure sector - ranging from Construction, Mining, Agriculture and
Power to Steel Plants and Ports.
The product and service offerings include
high precision hydraulic cylinders, valves, PTO's, complete tipping solutions
and system solutions for a wide range of applications.
They are the largest Indian provider of
precision engineered hydraulic components and solutions.
Global presence
With the Deep commitment to Quality and
Customer service they offer value, which has made them the preferred sthece for
hydraulic components. The expertise is built on over 2 Decades of experience of
serving a wide range of customers.
Globally, the customers base spans from
Japan to Europe.
Complete Solutions
They have partnerships with high Quality
global players for offering complete solutions to the customers in India. The
following are the partners
Kawasaki Precision Machinery, Japan -
Pumps, Motors & Valves for a range of applications
Nabtesco Corporation, Japan - Motors &
Valves for a range of applications
Sun Hydraulics, USA - Screw-in cartridge
valves & manifolds
About
Wipro Infrastructure Engineering
A Dominant
force in engineering components for the Infrastructure industry
·
They are the Indian provider of precision engineered hydraulic
components and solutions.
·
Some of the applications are listed below
·
Backhoe loaders Mini Excavators & Excavators Wheel loaders
·
Dumpers Dozers Motor Graders Vibratory Compactors & Rollers
·
Tipping trucks Tractors Combine harvesters Forklift trucks
·
Cranes Blast hole rigs Side discharge loaders Load haul dumpers
·
Underground mining Ports Airport equipment Dam gates Injection moulding
machines
·
Defence Windmills
CMT REPORT
(Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
1] INFORMATION ON
DESIGNATED PARTY
No records exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or investigation
registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No available
information exist that suggest that subject or any of its principals have been
formally charged or convicted by a competent governmental authority for any
financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair and
reasonable and comparable to compensation paid to others for similar services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE
GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms and
conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.39.97 |
|
UK Pound |
1 |
Rs.79.78 |
|
Euro |
1 |
Rs.62.60 |
SCORE & RATING
EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
8 |
|
PAID-UP CAPITAL |
1~10 |
8 |
|
OPERATING SCALE |
1~10 |
8 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
8 |
|
--PROFITABILIRY |
1~10 |
8 |
|
--LIQUIDITY |
1~10 |
8 |
|
--LEVERAGE |
1~10 |
8 |
|
--RESERVES |
1~10 |
8 |
|
--CREDIT LINES |
1~10 |
8 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
72 |
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 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. |
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 |
|