|
Report Date : |
11.01.2014 |
IDENTIFICATION DETAILS
|
Name : |
HODEK VIBRATION TECHNOLOGIES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Gat No. 767/769, Sahajpur Nandur, Dhond, Pune – 412202, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
26.05.1976 |
|
|
|
|
Com. Reg. No.: |
11-019035 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 8.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29112MH1976PTC019035 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
PNEH00107C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACH7381L |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Torsional Vibration Dampers
for Diesel Engines. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 700000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record. Trade relations are reported as fair. Business is active. Payments are
reported to be usually correct and as per commitments. The company can be considered normal for business dealings at usual
trade terms 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.
ECGC Country Risk Classification List – September 30, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
India’s current
account deficit narrowed in the quarter ended September as government measures
to curb imports, especially gold, kicked in. The current account deficit,
the excess of a country’s imports of goods and services over exports, narrowed
to $ 5.2 billion from $ 21 billion in the year ago period, according to
provisional Reserve Bank of India data. Finance Minister P. Chidambaram said
the CAD for the year will be less than $ 60 billion or 3 per cent of GDP and
the latest data suggests the government may achieve the target.
India was ranked 94th
among the world’s most corrupt nations list. Denmark and New Zealand topped as
the cleanest while Somalia emerged as the most corrupt.
India’s services
sector activity witnessed a moderate improvement in November over the previous
month, even while indicating the fifth successive monthly contraction,
according the HSBC survey.
$53 million
estimated losses suffered by India due to phishing attacks during the third
quarter, according to a study by RSA. India ranks fourth in the list of nations
hit by phishing attacks. The US remained at the top of the charts. Phishing is
the process of acquiring information such as user names, passwords and credit
card details by sending e-mails disguised as official mails.
Rs.4080 million
worth of mobile-phone-based transactions by July 2013 compared to Rs.260
million in September, 2012, according to Deloitte report. The number of
transactions has shot up from 94000 to 701000.
India aims to earn
Rs.400000 million from the bandwidth auction set for January. The merger and
acquisition guidelines, cleared by a group of ministers, will be out before the
auction begins so that players can make informed decisions on the auctions.
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
LOCATIONS
|
Registered Office : |
Gat No. 767/769, Sahajpur Nandur, Dhond, Pune – 412202, Maharashtra,
India |
|
Tel. No. : |
91-2119-242111 |
|
Fax No. : |
91-2119-242151 |
|
E-Mail : |
|
|
|
|
|
Factory : |
A/P. Sahajpur (Nandur), Taluka Dhound, District - Pune -
412202 Maharashtra, |
|
Tel. No.: |
91-2119-242111/ 242184/ 242317 |
|
Fax No.: |
91-2119-242151 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Office : |
102, Leela Chambers, Above Hotel Sher-E-Punjab, |
|
Tel. No.: |
91-20-24219335/ 24219336 |
|
Fax No.: |
91-20-24217297 |
DIRECTORS
As on 21.06.2013
|
Name : |
Mr. Prabhatkumar Shankar Karkhanis |
||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Managing director |
||||||||||||||||||||||||||||||||||||||||
|
Address : |
720/1, Navi Peth, Pune – 411030, Maharahstra, India |
||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
30.03.1934 |
||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
02.06.1981 |
||||||||||||||||||||||||||||||||||||||||
|
PAN No.: |
ABIPK5783B |
||||||||||||||||||||||||||||||||||||||||
|
DIN No. : |
00511616 |
||||||||||||||||||||||||||||||||||||||||
|
Other Directorship :
|
|||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Abhijeet Sanjay Khanvilkar |
||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Managing director |
||||||||||||||||||||||||||||||||||||||||
|
Address : |
Jayashree Apts, Vaikunth Road, Navi Peth, Pune – 411030, Maharashtra,
India |
||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
22.05.1980 |
||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
01.09.2010 |
||||||||||||||||||||||||||||||||||||||||
|
PAN No. : |
ALIPK9890R |
||||||||||||||||||||||||||||||||||||||||
|
DIN No. : |
00511567 |
||||||||||||||||||||||||||||||||||||||||
|
Other Directorship :
|
|||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||
|
Name : |
Vaijayanti Nandkumar Khanvilkar |
||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||
|
Address : |
720/1, Navi Peth, Pune – 411030, Maharahstra, India |
||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
10.03.1943 |
||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
18.01.2003 |
||||||||||||||||||||||||||||||||||||||||
|
PAN No. : |
AFHPK6383A |
||||||||||||||||||||||||||||||||||||||||
|
DIN No. : |
00511455 |
||||||||||||||||||||||||||||||||||||||||
|
Other Directorship :
|
|||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Harnish Jayantilal Raja |
||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Managing Director |
||||||||||||||||||||||||||||||||||||||||
|
Address : |
F.201, SN.11/1/11/2, Rohan Nilay, Bremen Square, Aundh, Pune – 411007, Maharashtra India |
||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
27.01.1967 |
||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
01.09.2010 |
||||||||||||||||||||||||||||||||||||||||
|
PAN No. : |
AAVPR1463R |
||||||||||||||||||||||||||||||||||||||||
|
DIN No. : |
02736138 |
||||||||||||||||||||||||||||||||||||||||
|
Other Directorship :
|
|||||||||||||||||||||||||||||||||||||||||
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 21.06.2013
|
Names of Shareholders |
|
No. of Shares |
|
Prabhatkumar Shankar Karkhanis |
|
79920 |
|
Vaijayanti Nandkumar Khanvilkar |
|
80 |
|
Total |
|
80000 |
As on 21.06.2013
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Torsional Vibration Dampers
for Diesel Engines. |
||||||||
|
|
|
||||||||
|
Products : |
|
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Bankers : |
The Saraswat Co-Operative Bank Limited, C-2, Kohinoor Estate Co-Opearative Housing Soceity, Plot No.12, Mula Road, Sangamwadi, Pune - 411003, Maharashtra, India |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Facilities : |
NOTE: LONG TERM
BORROWINGS Above term loans are secured by way of Equitable mortgage of Land and Building and further collateral security of hypothecation of all existing Plant and machinery and all movable fixed assets (both present and future) to cover all funded limits, belonging to the borrowers and lying at the borrowers place of business or where as the same may be kept]. Personal Guarantee of Mr.P.S.Karkhanis ( Chairman and M.D.), Mr.Abhijeet Khanvilkar (Joint M.D.) and Dr.(Miss) V.N.Khanvilkar (Director), [All Vehicle loans are secured by way of hypothecation of respective vehicles. SHORT TERM
BORROWINGS Secured by way of Hypothecation of stock less Sundry
Creditors. Debtors (within 90 days)] [Secured against Fixed
Deposit][Collateral security for all above facilities are by way of
hypothecation of all existing Plant and machinery and all movable assets
(both present and future) belonging to the company. |
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
N.T.Kitekar and Company Chartered Accountants |
|
Address : |
P.M.C. Servants Co-Op Urban Bank Building, 768, Sadashiv Peth, Phadtare Chowk, Pune – 411030, Maharashtra, India |
|
Income-tax
PAN of auditor or auditor's firm : |
ACJPK3299A |
|
|
|
|
Related Parties: |
· Shashi Transport S.K.
Engineering Works Prasad
Industries Prasad
Engineering Works Madhura
Engineering Works Karmen
Transport Belgaum
Ferrocast India Private Limited Amba
Foundaries Private Limited CIN No.: U27310KA2006PTC038529 |
CAPITAL STRUCTURE
As on 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100,000 |
Equity Shares |
Rs.100/- each |
Rs. 10.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
80,000 |
Equity Shares |
Rs.100/- each |
Rs. 8.000 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders'
Funds |
|
|
|
|
(a) Share Capital |
8.000 |
8.000 |
8.000 |
|
(b) Reserves & Surplus |
167.379 |
154.658 |
132.435 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2)
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
175.379 |
162.658 |
140.435 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
37.853 |
52.580 |
35.643 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current Liabilities (3) |
37.853 |
52.580 |
35.643 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
176.300 |
114.416 |
61.540 |
|
(b) Trade payables |
111.174 |
149.886 |
149.008 |
|
(c) Other current
liabilities |
8.918 |
5.581 |
4.214 |
|
(d) Short-term provisions |
27.543 |
37.004 |
41.874 |
|
Total Current Liabilities (4) |
323.935 |
306.887 |
256.636 |
|
|
|
|
|
|
TOTAL |
537.167 |
522.125 |
432.714 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
76.312 |
85.272 |
73.423 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
62.172 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
5.665 |
4.965 |
0.025 |
|
(c) Deferred tax assets (net) |
3.686 |
2.266 |
1.030 |
|
(d) Long-term Loan and Advances |
38.833 |
31.640 |
3.800 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
186.668 |
124.143 |
78.278 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
94.001 |
111.829 |
99.723 |
|
(c) Trade receivables |
202.662 |
216.431 |
173.972 |
|
(d) Cash and cash
equivalents |
19.826 |
34.668 |
49.874 |
|
(e) Short-term loans and
advances |
34.010 |
35.054 |
30.866 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total Current Assets |
350.499 |
397.982 |
354.435 |
|
|
|
|
|
|
TOTAL |
537.167 |
522.125 |
432.714 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
924.116 |
1022.000 |
815.956 |
|
|
|
Other Income |
N.A. |
N.A. |
N.A. |
|
|
|
TOTAL |
N.A. |
N.A. |
N.A. |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
N.A. |
N.A. |
N.A. |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
26.559 |
47.581 |
56.106 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
9.160 |
16.073 |
19.399 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
17.399 |
31.508 |
36.707 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
102.604 |
71.096 |
N.A. |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Proposed Dividend |
4.000 |
8.000 |
10.000 |
|
|
|
Tax on Dividend |
0.649 |
1.298 |
1.661 |
|
|
|
Transfer to General Reserve |
5.000 |
5.000 |
10.000 |
|
|
BALANCE CARRIED
TO THE B/S |
110.354 |
88.306 |
N.A. |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
230.866 |
249.753 |
185.936 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
217.49 |
393.85 |
458.84 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
2.87
|
3.08 |
6.88 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
5.70
|
9.24 |
13.00 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.15
|
0.29 |
0.40 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.22
|
1.03 |
0.69 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.08
|
1.30 |
1.38 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact
person |
No |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
----- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details
(if applicable) |
No |
|
21] |
Market information |
----- |
|
22] |
Litigations that the firm
/ promoter involved in |
----- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
----- |
|
26] |
Buyer visit details |
----- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10389426 |
07/11/2012 |
13,000,000.00 |
THE SARASWAT CO-OPERATIVE BANK LIMITED |
C-2, KOHINOOR ESTATE CO-OPERATIVE HOUSING SOCIETY, PLOT NO. 12, MULA ROAD SANGAMWADI, PUNE - 411003, MAHARASHTRA, INDIA |
B63128292 |
|
2 |
10342843 |
14/03/2012 |
20,000,000.00 |
THE SARASWAT CO-OPERATIVE BANK LIMITED |
C-2, KOHINOOR ESTATE CO-OPERATIVE HOUSING SOCIETY, PLOT NO. 12, MULA ROAD SANGAMWADI, PUNE - 411003, MAHARASHTRA, INDIA |
B35306828 |
|
3 |
10310240 |
31/01/2013 * |
33,450,000.00 |
THE SARASWAT CO-OPERATIVE BANK LIMITED |
C-2, KOHINOOR ESTATE CO-OPERATIVE HOUSING SOCIETY, PLOT NO. 12, MULA ROAD SANGAMWADI, PUNE - 411003, MAHARASHTRA, INDIA |
B69093987 |
|
4 |
10310242 |
14/02/2013 * |
42,500,000.00 |
THE SARASWAT CO-OPERATIVE BANK LIMITED |
C-2, KOHINOOR ESTATE CO-OPERATIVE HOUSING SOCIETY, PLOT NO. 12, MULA ROAD SANGAMWADI, PUNE - 411003, MAHARASHTRA, INDIA |
B69035699 |
|
5 |
10310245 |
31/01/2013 * |
45,500,000.00 |
THE SARASWAT CO-OPERATIVE BANK LIMITED |
C-2, KOHINOOR ESTATE CO-OPERATIVE HOUSING SOCIETY, PLOT NO. 12, MULA ROAD SANGAMWADI, PUNE - 411003, MAHARASHTRA, INDIA |
B69033454 |
|
6 |
10310248 |
18/08/2011 |
4,500,000.00 |
THE SARASWAT CO-OPERATIVE BANK LIMITED |
C-2, KOHINOOR ESTATE CO-OPERATIVE HOUSING SOCIETY, PLOT NO. 12, MULA ROAD SANGAMWADI, PUNE - 411003, MAHARASHTRA, INDIA |
B22575674 |
|
7 |
10290434 |
27/05/2011 |
4,350,000.00 |
THE SARASWAT CO - OPERATIVE BANK LIMITED |
F.C.ROAD BRANCH,
RASEC, GANESHWADI OPPOSITE VAISHALI |
B14359343 |
|
8 |
10279343 |
29/03/2011 |
978,000.00 |
THE SARASWAT CO - OPERATIVE BANK LIMITED |
F.C.ROAD BRANCH,
RASEC, GANESHWADI OPPOSITE VAISHALI |
B09948597 |
|
9 |
10279348 |
28/03/2011 |
10,000,000.00 |
THE SARASWAT CO-OPERATIVE BANK LTD. |
C-2, KOHINOOR ESTATE CO-OPERATIVE HOUSING SOCIETY, PLOT NO. 12, MULA ROAD SANGAMWADI, PUNE - 411003, MAHARASHTRA, INDIA |
B09955766 |
|
10 |
10261330 |
27/12/2010 |
2,942,000.00 |
THE SARASWAT CO - OPERATIVE BANK LTD |
F.C.ROAD BRANCH,
RASEC, GANESHWADI OPPOSITE VAISHALI |
B03760444 |
|
11 |
10246070 |
31/01/2013 * |
10,000,000.00 |
THE SARASWAT CO-OPERATIVE BANK LIMITED |
C-2, KOHINOOR ESTATE CO-OPERATIVE HOUSING SOCIETY, PLOT NO. 12, MULA ROAD SANGAMWADI, PUNE - 411003, MAHARASHTRA, INDIA |
B69033124 |
|
12 |
10246074 |
31/01/2013 * |
17,900,000.00 |
THE SARASWAT CO-OPERATIVE BANK LIMITED |
C-2, KOHINOOR ESTATE CO-OPERATIVE HOUSING SOCIETY, PLOT NO. 12, MULA ROAD SANGAMWADI, PUNE - 411003, MAHARASHTRA, INDIA |
B69033314 |
|
13 |
10246073 |
29/09/2010 |
4,300,000.00 |
THE SARASWAT CO-OPERATIVE BANK LTD |
C-2, KOHINOOR ESTATE CO-OPERATIVE HOUSING SOCIETY, PLOT NO. 12, MULA ROAD SANGAMWADI, PUNE - 411003, MAHARASHTRA, INDIA |
A97043780 |
|
14 |
10231417 |
30/06/2010 |
2,000,000.00 |
THE SARASWAT CO-OPERATIVE BANK LTD |
RASEC BRANCH F C ROAD, PUNE - 411004, MAHARASHTRA, INDIA |
A90782962 |
|
15 |
10174043 |
15/07/2009 |
2,224,373.00 |
THE SARASWAT CO-OPERATIVE BANK LTD |
RASEC BRANCH, F C RAOD, PUNE - 411004, MAHARASHTRA, INDIA |
A69006955 |
|
16 |
10114285 |
01/07/2008 |
1,740,000.00 |
THE SARASWAT CO - OPERATIVE BANK LIMITED |
F C ROAD BRANCH, PUNE - 411004, MAHARASHTRA, INDIA |
A42521039 |
|
17 |
10070107 |
18/09/2007 |
1,700,000.00 |
THE SARASWAT CO-OPERATIVE BANK LTD |
BIBWEWADI BRANCH, PUNE - 411037, MAHARASHTRA, INDIA |
A24338097 |
|
18 |
10066390 |
24/08/2007 |
10,900,000.00 |
THE SARASWAT CO - OPERATIVE BANK LTD |
BIBWEWADI BRANCH, PUNE - 411037, MAHARASHTRA, INDIA |
A22290621 |
|
19 |
10066391 |
24/08/2007 |
14,500,000.00 |
THE SARASWAT CO - OPERATIVE BANK LTD |
BIBWEWADI BRANCH, PUNE - 411037, MAHARASHTRA, INDIA |
A22290381 |
|
20 |
10052035 |
29/03/2007 |
10,000,000.00 |
THE SARASWAT CO-OPERATIVE BANK LTD |
BIBWEWADI BRANCH, PUNE - 411037, MAHARASHTRA, INDIA |
A15352263 |
|
22 |
90082976 |
18/11/2004 |
3,200,000.00 |
THE SARASWAT CO-OPRATIVE BANK LTD. |
SOMWAR PETH BRANCH PUNE, PUNE, MAHARASHTRA, INDIA |
- |
|
23 |
90092750 |
23/08/2004 |
1,100,000.00 |
THE SARASWAT CO-OPRATIVE BANK LTD. |
BIBWEWADI BRANCH, PUNE - 411037, MAHARASHTRA, INDIA |
- |
|
24 |
90092703 |
23/07/2004 |
950,000.00 |
SUNDARAM FINANCE LTD. |
NO-21 PATULLOS ROAD, CHENNAI - 600002, MAHARASHTRA, INDIA |
- |
|
25 |
90092487 |
31/01/2013 * |
100,000,000.00 |
THE SARASWAT CO-OPERATIVE BANK LIMITED |
C-2, KOHINOOR
ESTATE CO-OPEARATIVE HOUSING SOC., |
B69035459 |
|
26 |
90092460 |
31/01/2013 * |
20,000,000.00 |
THE SARASWAT CO-OPERATIVE BANK LIMITED |
C-2, KOHINOOR
ESTATE CO-OPEARATIVE HOUSING SOC., |
B69032811 |
|
27 |
90092454 |
13/02/2004 * |
12,500,000.00 |
THE SARSWAT CO-OPRATIVE BANK LTD. |
BIBWEWADI BRANCH, PUNE, MAHARASHTRA, INDIA |
- |
|
28 |
90091253 |
04/05/2000 |
1,472,900.00 |
THE SHREE SURARNA SAHAKARI BANK LTD. |
KARVE ROAD BRANCH, PUNE, MAHARASHTRA - 411004, INDIA |
- |
* Date of charge modification
UNSECURED LOANS
|
PARTICULAR |
31.03.2013 (Rs.
In Millions) |
31.03.2012 (Rs.
In Millions) |
|
LONG TERM
BORROWINGS |
|
|
|
Loans repayable on demand from others |
0.000 |
34.700 |
|
|
|
|
|
SHORT TERM
BORROWINGS |
|
|
|
Loans repayable on demand from others |
50.000 |
0.000 |
|
Total |
50.000 |
34.700 |
OPERATIONS :
During the year, the turnover was Rs. 924.116 Millions, as against turnover of Rs. 1022.000 Millions for corresponding previous financial year. Profit before Tax for the year was Rs. 26.559 Millions, as against Profit before Tax of Rs. 47.581 Millions for the corresponding previous financial year. The exports were to the tune of Rs. 230.866 Millions as against Rs. 249.753 Millions for the corresponding previous financial year.
During the year, the Company has purchased plot of land in the Belur Industrial Estate, Dharwad, Karnataka. The construction of factory premises is in progress, orders for machineries for Phase I are placed and some of the machinaries are already delivered on site. The Company expects to commence commercial production by end of first quarter of the current financial year.
FIXED ASSETS
v
Tangible
Assets
Buildings
Plant
and Equipment
Furniture
and Fixtures
Vehicles
Office
Equipment
Computer
Equipments
PRESS RELEASE
HODEK VIBRATION TECHNOLOGIES PVT LTD. THE LARGEST OEM TORSIONAL
VIBRATION DAMPER MANUFACTURERS IN INDIA.
20 Feb, 2012
Hodek Vibration Technologies Private Limied is the largest manufacturer of Torsional Vibration Dampers for Diesel Engines in India. Established in the year 1976 in Pune as a manufacturer, Hodek has come a long way and has acquired a significant market share across various segments such as cars, SUV, MUV, light, medium and heavy commercial vehicles, industrial and earth-moving equipment and marine propulsion engines. Hodek is OEM supplier for all esteemed entities like Cummins, CAT, Tata Motors, Ashok Leyland, Mahindra and Mahindra etc.
Modern diesel engines are designed, keeping in mind the demand for bigger loads and quicker turn around time for both, on and off highway vehicles. As such these engines need increased cylinder pressures, turbocharging, reduced weight-to-power ratio and lesser number of gears. This, in turn, results in increased torsional vibrations, leading to greater fatigue levels of the engine crankshaft.
Specifications and Features of Torsional Vibration Dampers are designed to perform efficiently in this grueling environment can provide adequate protection to the gear train accessory drive, key way shaft and most importantly the crankshaft. Thus, reducing vibration and eliminate premature crankshaft failure.
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 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.61.94 |
|
|
1 |
Rs.102.06 |
|
Euro |
1 |
Rs.84.31 |
INFORMATION DETAILS
|
Report Prepared
by : |
MRI |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
45 |
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 |
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.