MIRA
INFORM REPORT
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Report Date : |
18.03.2008 |
IDENTIFICATION
DETAILS
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Name : |
INTELTEK AUTOMATION PRIVATE LIMITED |
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Registered Office : |
Flat No. 6, Sushil Ganga Apartments, Samarth Path, Karve Nagar, Pune
411052, Maharashtra |
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Country : |
India |
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Date of Incorporation : |
05.04.1999 |
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Com. Reg. No.: |
013503 |
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CIN No.: [Company
Identification No.] |
U29299PN1999PTC013503 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
PNEI00538G |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Manufacturer, Importer and Exporter of all kinds of Machine Tools, Printing and Packing, Automobile, Pharmaceutical, Defence and Heavy Engineering Industries. |
RATING &
COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit consideration.
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Slow and delayed |
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Litigation : |
Unknown |
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Comments : |
Subject is an established Importer and Trader. They are poor in Corporate Governance and
no financials subsequent to March 2002 are available despite of taking
matters with several key executives. Financial status of the company remains undetermined in absence of
latest financials. In view of the aforesaid, the company can be considered for small to
mediocre business dealings at usual trade terms and conditions. Credit upto US$ 12500 should be acceptable
in absence of financial details. |
LOCATIONS
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Registered Office : |
Flat No. 6, Sushil Ganga Apartments, Samarth Path, Karve Nagar, Pune
411052, Maharashtra, India |
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E-Mail : |
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Website : |
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Head Office : |
S. No. 100/5, Off Ambegaon Road, Near Rajee Park, Ambegaon, Pune – 411 046, Maharashtra, India |
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Tel. No.: |
91-20-24318121/122/123 |
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Fax No.: |
91-20-24318124 |
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E-Mail : |
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Factory : |
Plot No. 217, Kundaim Industrial Estate, Kundaim, Ponda, Goa - 403 110 |
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Administrative Office: |
Gate No. 193, Khed Shivapur, Shivapur Bang, Pune, Maharashtra, India |
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Tel. No.: |
91-20-4379304 |
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Fax No.: |
91-20-4379307 |
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Branch Offices : |
Mumbai C1101-C1104, Mahavir Trinkets,
Behind Huma Adlabs, |
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Tel. No.: |
91-22-25772629 /25788450 /32626537 |
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Fax No.: |
91-22-25772629 |
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E-Mail : |
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Bangalore 95/90, "Sowjanya", 1st Floor, 19th
Main, Rajaji Nagar, 1 st N Block Bangalore
- 560010, India |
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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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Chennai AH-231, 2 nd Street, 8 th Main Road, Anna Nagar, Chennai - 600040,
India |
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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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Chandigarh House No. 2245, FF, Sector 44C, Chandigarh - 160047, India |
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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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Delhi 108, Laxmi Deep, Laxmi Nagar District Center, New Delhi -
110092, India |
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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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Hyderabad Shree Nilayam Apartment, Flat No. S-10, H.No, 8-3-319/8/4, Sarathi
Studio Line, Yusufguda Road, Yeelareddyguda, Hyderabad- 500073, India |
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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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Ahmedabad 201, Saffron, Near Rambaugh Petrol Pump, Maninagar, Ahmedabad -
380008, India |
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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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Jamshedpur B/11/B, 9 th Phase, Adarsh Nagar, Sonari, Jamshedpur, India |
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E-Mail : |
DIRECTORS
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Name : |
Mr. Ashok Vasant Sondur |
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Designation : |
Managing Director |
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Address : |
Flat No. 205, 2nd Floor, Govind Gaurav Swanand Society, Sahakar Nagar, Pune 411 009, Maharashtra, India |
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Date of Birth/Age : |
25.04.1953 |
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Qualification : |
B. E. Mech |
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Experience : |
26 years |
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Date of Appointment : |
05.04.199 |
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Name : |
Mr. Vishwanathan P. Ananthnarayan |
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Designation : |
Director |
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Address : |
404, Ketki DSK Ranwara, Near Chandani Chowk, Pune, Maharashtra, India |
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Name : |
Mr. Sunil Raibagi |
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Designation : |
Director |
BUSINESS DETAILS
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Line of Business : |
Manufacturer, Importer and Exporter of all kinds of Machine Tools, Printing and Packing, Automobile, Pharmaceutical, Defence and Heavy Engineering Industries. |
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Products : |
· CNC · Motor · Drive |
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Agencies Held : |
˜ Fagor Automation S. Coop, Spain ˜ Baldor ASR AG, Switzerland ˜ Bayside Motion Group, Singapore ˜ Maxon Motor AG, Switzerland ˜ Brio A/s, Denmark ˜ Delta -Tau Europa AG, Switzerland ˜ Hepco Slide Systems Limited, U.K. ˜ Girard Transmission, France ˜ Varad Technologies Private Limited, Singapore, ˜ Servo Dynamics Private Limited, Singapore ˜ Gudel AG, Switzerland ˜ Korta s.a., Zumia (Guipuzcoa) ˜ Maschinen Kontroll Systems GmbH, Germany ˜ Paletti Profile Systems GmbH & Company, Germany ˜ Renishaw PLC, U.K. ˜ Beckoff Industrie Elekronik, Germany ˜ Intelligent Motion Systems, U.S.A. |
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Exports : |
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Countries : |
Dubai |
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Imports : |
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Countries : |
U.K., USA, Singapore, Germany, Switerzland, Spain, Denmark, and France. |
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Terms : |
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Selling : |
Contract, L/C or Credit (30 days) |
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Purchasing : |
Contract, L/C or Credit (60 days] |
GENERAL
INFORMATION
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Customers : |
v ACC Machinery, Nagpur, India v Ashok Leyland v Associated Capsules v B.A.R.C v Bharat Heavy Electricals Limited v Batliboi Limited v Crompton Greaves Limited v Centre for Advance Technology v Choksi Tubes v D.R.D.L. v Elecon Engineering v Finolex Cables Limited v Godrej and Boyce Manufacturing Company Limited v Grindwell Norton Limited v H.A.P.P. v Hindustan Aeronautics Limited v Hindustan Motors Limited v Indian Space Research Organisation (ISRO) v Johnson and Johnson v Kirloskar oil Engineers v Larsen and Toubro Limited |
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No. of Employees : |
91 [In Office 11 + In Factory 80] |
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Bankers : |
v Indusind Bank Limited Address: 2401, East Street, Pune – 411 001, Maharashtra, India v The Vysya Bank Limited Address: Mantri Court, 928, F. C. Road, Pune - 411 004, Maharashtra, India v Shree Sharada Sahakari Bank Limited Address: Satara Road Branch, Pune, Maharashtra, India |
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Banking Relations
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Unknown |
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Auditors : |
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Name : |
Yeravdekar & Ranade Chartered Accountants |
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Address : |
1018, Shukrawar Peth, Tilak Road, Swargate Corner, Pune – 411 002, Maharashtra, India |
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Tel. No.: |
91-20-4447887 |
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Fax No.: |
91-20-4446829 |
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Associates/Subsidiaries : |
Ø Intelmac Line of Business: Trading in Machine Tools Ø Inteltek Line of Business: Manufacturing Assembly automation systems, manipulators and tapping machines. Ø Macintel Line of Business: Machine Tool Building Ø Camtek |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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1000000 |
Equity Shares |
Rs. 10/- each |
Rs. 10.000 Millions |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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1000000 |
Equity Shares |
Rs. 10/- each |
Rs. 10.000 Millions |
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FINANCIAL DATA
[all figures are in Rupees Millions]
Unfortunately, no financials of the Company
could be available from Registry since year 2002. We contacted following persons in the Company for updating the
same but they failed to part any details.
Ø Mr. Chandrashekhar Mani
Ø Ms. Minal
Ø Mr. Nilima Bhave
Ø Ms. Sulakshana
Ø Mr. Bhujbal
LOCAL AGENCY
FURTHER INFORMATION
AS PER WEBSITE
DETAILS:
About Inteltek
In the era of rapid technological change INTELTEK has developed a
formidable reputation for innovation and expertise, a reputation earned through
sustained technical leadership and business success. Subject was initially
formed to supply industry with low cost high efficiency turnkey automation
solutions. Slowly INTELTEK started its manufacturing and assembly automation
systems for automobile manufacturers and became a leading player in this
sector.
In recent years they have expanded their activities and offer position control
automation systems from concept till commissioning. They have developed
innovative solutions for many applications and special purpose custom built
equipment. In fact many of the custom built systems are now becoming standard products
in their own right.
They have an installation base with more than 150 large systems including many
blue chip names in both public and private sectors, in virtually every segment
of manufacturing industry and research.
Because they provide wide variety of automation solutions for almost any
manufacturing problem, the systems are popular with smaller businesses as well
as large concerns. Many of them are upgrading their production methods using
their flexible and cost effective solutions.
Subject is able to provide service that few companies can match for a total
turnkey package under one roof at cost effective prices. From consultancy,
design, manufacturing, installation and commissioning, after sales service,
training etc.
They provide comprehensive choice of spares and service contracts. They offer
total training to the customer's engineers so that they can take care of
maintenance of their equipment in their plant.
ASSOCIATES COMPANIES:
INTELMAC
INTELMAC was established
in 1981 as a marketing organisation for machine tools and manufacturing
systems. They represent some of the finest manufacturers of machine Tools
worldwide. Having installed more than 300 machine tools they have established
an enviable reputation as suppliers of high technology equipments with
excellent after sales service support.
INTELTEK
INTELTEK was established in 1988 primarily to cater the
needs of assembly automation automobile industries. They can proudly say that
most of the engines manufactured in the country are using their assembly
automation systems. In recent years they have expanded their activities and
offer position control automation systems. When it comes to Automation from
INTELTEK you are not only buying components but you are assured of complete
system with reliability.
MACINTEL
MACINTEL was established in 1991 for manufacturing
general and special purpose machine tools. Macintel has developed the flexiarm
hydraulic tapping machine which offers a new concept in tapping. Another unique
product is Bolt-on CNC attachment which can be fitted to any centre
lathe to convert it to a full - fledged CNC operation. Many other products are
under development such as Vertical Turning Center.
CAMTEK
CAMTEK was established in 1999 to cater to the
requirements of the latest technologies such as Rapid Prototyping &
tooling, and simulation technology etc.
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 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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs. 40.77 |
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UK Pound |
1 |
Rs. 82.10 |
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Euro |
1 |
Rs. 64.48 |
SCORE & RATING
EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
6 |
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PAID-UP CAPITAL |
1~10 |
4 |
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OPERATING SCALE |
1~10 |
4 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
4 |
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--PROFITABILIRY |
1~10 |
4 |
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--LIQUIDITY |
1~10 |
4 |
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--LEVERAGE |
1~10 |
4 |
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--RESERVES |
1~10 |
4 |
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--CREDIT LINES |
1~10 |
4 |
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--MARGINS |
-5~5 |
-- |
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DEMERIT POINTS |
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--BANK CHARGES |
YES/NO |
NO |
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--LITIGATION |
YES/NO |
NO |
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--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
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MERIT POINTS |
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--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
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--EXPORT ACTIVITIES |
YES/NO |
YES |
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--AFFILIATION |
YES/NO |
YES |
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--LISTED |
YES/NO |
NO |
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--OTHER MERIT FACTORS |
YES/NO |
YES |
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TOTAL |
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38 |
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
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit consideration.
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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