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Report Date : |
07.06.2012 |
IDENTIFICATION DETAILS
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Name : |
ISGEC HITACHI ZOSEN LIMITED |
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Registered
Office : |
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Country : |
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Date of Incorporation
: |
21.03.2012 |
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Com. Reg. No.: |
05-045430 |
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Capital
Investment / Paid-up Capital : |
Rs.750.000 Millions |
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CIN No.: [Company Identification
No.] |
U28123HR2012PLC045430 |
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TAN No.: [Tax Deduction & Collection
Account No.] |
RTKI01650F |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Manufacturing of Heavy Engineering Items. |
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No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
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MIRA’s Rating : |
NB |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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- |
NB |
New Business |
- |
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Status : |
New company |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is a joint venture between Isgec Heavy Engineering Limited, It is a new company and yet to complete its one full year of
operation. Payments are unknown. The company can be considered for business dealings on a secured trade
ters and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
INFORMATION PARTED BY (GENERAL DETAILS)
|
Name : |
Mr. J. K. Chowdhery |
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Designation : |
Finance Head |
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Contact No.: |
91-9810706078 |
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Date : |
06.06.2012 |
LOCATIONS
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Registered Office : |
Radaur Road, Yamuna Nagar, Haryana – 135001, India |
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Tel. No.: |
91-1732-307228 |
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Mobile No.: |
91-9810706078 (Mr. J. K. Chowdhery) |
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Fax No.: |
Not Available |
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E-Mail : |
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Website : |
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Location : |
Owned |
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Factory : |
13-B, GIDC, Industrial Estate, Dahej Bharuch, Ahemdabad – 392130, Gujarat, India |
DIRECTORS
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Name : |
Mr. Aditya Ranjit Puri |
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Designation : |
Director |
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Address : |
D-860, New Friends Colony, New Delhi – 110065, India |
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Date of Birth/Age : |
04.12.1967 |
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Date of Appointment : |
21.03.2012 |
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DIN No.: |
00052534 |
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Name : |
Mr. Ravi Rattan Chand Jaidka |
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Designation : |
Director |
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Address : |
119/2, Sugar Mills Colony , Yamunanagar, Haryana – 135001, India |
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Date of Birth/Age : |
15.08.1946 |
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Date of Appointment : |
21.03.2012 |
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DIN No.: |
00322627 |
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Name : |
Mr. Sanjay Satya Pal Gulati |
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Designation : |
Director |
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Address : |
H. No. 114/1, Sugar Mill Colony, Yamunanagar, Haryana – 135001, India |
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Date of Birth/Age : |
17.02.1968 |
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Date of Appointment : |
21.03.2012 |
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DIN No.: |
05201178 |
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Name : |
Hisao Tomisauro Matsuwake |
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Designation : |
Director |
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Address : |
30-30-2302, Nanko-Kita 1-chome, Suminoe-ku, Osaka pref. Osaka city
5590034 |
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Date of Birth/Age : |
16.07.1949 |
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Date of Appointment : |
21.03.2012 |
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DIN No.: |
05200900 |
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Name : |
Toshiya Shunsuke Takenaka |
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Designation : |
Director |
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Address : |
3-7-2, Higashiyakata Kumamoto pref Arao city 8640042 |
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Date of Birth/Age : |
20.01.1973 |
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Date of Appointment : |
21.03.2012 |
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DIN No.: |
05200914 |
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Name : |
Eiji Masumi Moriya |
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Designation : |
Director |
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Address : |
Dia Palace Apied Isogo 703, 1-9-7, Mori, Isogo-Ku Yokohama |
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Date of Birth/Age : |
25.09.1958 |
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Date of Appointment : |
21.03.2012 |
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DIN No.: |
03536027 |
KEY EXECUTIVES
|
Name : |
Mr. J. K. Chowdhery |
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Designation : |
Finance Head |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
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Names of Shareholders |
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No. of Shares |
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Isgec Heavy Engineering Limited, India |
|
38249997 |
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Aditya Ranjit Puri |
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1 |
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Ravi Rattan Chand Jaidka |
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1 |
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Sanjay Satya Pal Gulati |
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1 |
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Hitachi Zosen Corporation, Japan |
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36749997 |
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Hisao Tomisauro Matsuwake |
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1 |
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Toshiya Shunsuke Takenaka |
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1 |
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Eiji Masumi Moriya |
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1 |
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Total |
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75000000 |
BUSINESS DETAILS
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Line of Business : |
Manufacturing of Heavy Engineering Items. |
GENERAL INFORMATION
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No. of Employees : |
Information declined by the management |
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Bankers : |
Not Divulged |
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Banking
Relations : |
-- |
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Auditors : |
Not Available |
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Associates/Subsidiaries : |
Isgec Heavy Engineering Limited |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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110000000 |
Equity Shares |
Rs.10/- each |
Rs.1100.000 Millions |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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75000000 |
Equity Shares |
Rs.10/- each |
Rs.750.000
Millions |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
NEW COMPANY
LOCAL AGENCY FURTHER INFORMATION
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Check List by Info
Agents |
Available in Report
(Yes / No) |
|
1) Year of Establishment |
Yes |
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2) Locality of the firm |
Yes |
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3) Constitutions of the firm |
Yes |
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4) Premises details |
No |
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5) Type of Business |
Yes |
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6) Line of Business• |
Yes |
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7) Promoter’s background |
Yes |
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8) No. of employees |
No |
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9) Name of person contacted |
Yes |
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10) Designation of contact person |
Yes |
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11) Turnover of firm for last two years |
No |
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12) Profitability for last three years |
No |
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13) Reasons for variation <> 20% |
-- |
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14) Estimation for coming financial year |
No |
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15) Capital in the business |
Yes |
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16) Details of sister concerns |
Yes |
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17) Major suppliers |
No |
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18) Major customers |
No |
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19) Payments terms |
No |
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20) Export / Import details (if applicable) |
No |
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21) Market information |
-- |
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22) Litigations that the firm / promoter |
-- |
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23) Banking Details |
No |
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24) Banking facility details |
No |
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25) Conduct of the banking account |
-- |
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26) Buyer visit details |
-- |
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27) Financials, if provided |
No |
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28) Incorporation details, if applicable |
Yes |
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29) Last accounts filed at ROC |
No |
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30) Major Shareholders, if available |
Yes |
WEBSITE DETAILS:
New Joint venture
with Hitachi Zosen Corporation, Japan
Isgec Heavy Engineering Limited, India and Hitachi Zosen Corporation, Japan are happy to announce the formation of their joint venture - subject, which is being set up to cater to the specialized and critical Process Equipment requirements of refineries, fertilizer and petrochemical industries, across the world.
Hitachi Zosen is a 131-year-old company, based out of Osaka, Japan with interests in Process Equipment, Environmental Systems, Industrial Plants, Industrial Machinery, Precision Machinery, Steel Structure, Construction Machinery, and Disaster Prevention Systems.
Isgec has a history of 80 years and is a diversified heavy engineering company with interests in Process Equipment, EPC Power Plants, Boilers, Sugar Plants and Machinery, Mechanical and Hydraulic Presses, Castings, Contract Manufacturing, and Trading.
The joint venture will bring together state-of-the-art technical and engineering skills of Hitachi Zosen and the manufacturing expertise of Isgec. It will take over Isgec’s existing manufacturing facilities at the port town of Dahej (Gujarat), giving it easy access to the global market.
The joint venture, which will be manned by personnel from India and Japan, will be actively supported by both Isgec and Hitachi Zosen, in all its activities, including design and marketing.
PRESS RELEASE:
ISGEC Heavy Engineering
Limited, Noida, and Hitachi Zosen Corporation, Japan, have formed a joint
venture
16 April, 2012
ISGEC Heavy Engineering Limited, Noida, and Hitachi Zosen Corporation, Japan, have formed a joint venture-ISGEC Hitachi Zosen-estimated at Rs.1000.000 Millions. ISGEC will hold 51 per cent stake in the JV while Hitachi will hold 49 per cent stake. The JV will cater to the specialised and critical process equipment requirements of refineries, fertiliser and petrochemical industries all across the world. The JV will utilize one of the manufacturing facilities of ISGEC, Located at Dahej in Gujarat.
Isgec, Hitachi Zosen
Corporation form JV for expansion
17 May, 2012
Isgec Heavy Engineering Limited, India and Hitachi Zosen Corporation, Japan have announced the formation of a joint venture - Isgec Hitachi Zosen Limited for manufacturing specialized and critical process equipment. It is to be noted that the new company has a shareholding pattern of 51 per cent (Isgec) to 49 per cent (Hitachi Zosen 1 Corporation). Isgec Hitachi Zosen Limited will utilize one of the manufacturing facilities of Isgec, located at the port town of ! Dahej in Gujarat, India. The capital for the new company is pegged at Rs.1000.000 Millions. Speaking about this development, Aditya Puri, Managing Director, Isgec Heavy Engineering Limited and Director, Isgec Hitachi Zosen Limited, said, "We are happy to expand our relationship with Hitachi Zosen Corporation from a technology transfer agreement to a joint venture. The JV will cater to the specialized and critical process equipment requirements of 1 refineries, fertilizer and petrochemical industries all across the world. Isgec's expertise and manufacturing capabilities in India are a perfect fit for the state-ofthe- art technical and engineering skills of Hitachi Zosen | Corporation Our well-established presence in the market and experience across the world will strengthen the supply I chain to the growing demands of both Indian and the global market." Sanjay Gulati, Managing Director, Isgec Hitachi Zosen Limited said, "The new venture will be manned by personnel from India and Japan, with active support from both the partner companies in all activities, including design and marketing. The market offers a huge opportunity for us since there are not many companies in the world that offer products that fall in our portfolio. Products like vanadium modified heavy chromemoly reactors for oil refineries and critical equipment I for the fertilizer industry like ammonia converters and ure.a reactors."
Isgec forms JV with Japan’s Hitachi Zosen
9th April 2012 New Delhi
Isgec Heavy Engineering and Japan’s Hitachi
Zosen Corporation have formed a joint venture to make specialised and critical
process equipment.
The capital for the new company - Isgec
Hitachi Zosen - is pegged at Rs.1000.000 Millions.
In the new entity, Isgec Heavy Engineering
will hold 51 per cent stake, while Hitachi Zosen Corporations will have 49 per
cent, the companies said in a joint press release.
“The JV will cater to the specialised and
critical Process Equipment requirements of refineries, fertiliser and
petrochemical industries all across the world,” said Aditya Puri, Managing
Director of Isgec Heavy Engineering.
Isgec Hitachi Zosen will utilise one of the
manufacturing facilities of Isgec, located at the port town of Dahej in
Gujarat.
“We are very happy that our relationship of
the past few years has now moved on to a joint venture company. We are
confident that with Isgec’s expertise, we will be able to leverage our
technology to give the market top end solutions,” Mr Hisao Matsuwake, Managing
Director, Hitachi Zosen Corporation said.
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 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.55.50 |
|
|
1 |
Rs.85.58 |
|
Euro |
1 |
Rs.69.30 |
INFORMATION DETAILS
|
Information Gathered
by : |
PDT |
|
|
|
|
Report Prepared
by : |
BSN |
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 |
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 |
|
- |
NB |
New Business |
- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.