Mahindra vehicle manufacturers limited
Detailed Financial Analysis ReportReport Date :31 Jan 2017
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Mahindra vehicle manufacturerslimited
INDEX
1. Company Highlights................................................................................ 3
1.1. Basic Information........................................................................... 31.2. KYC Information.............................................................................. 31.3. Corporate Information..................................................................... 3
2. Financial Highlights............................................................................... 3
3. Ownership Details................................................................................... 3
4. Borrowings & Charges............................................................................. 4
4.1. Borrowings Summary........................................................................ 44.2. Company Charges........................................................................... 4
5. Credit Ratings & Defaults........................................................................ 4
5.1. Credit Ratings Overview.................................................................. 4
6. Financial Statements.............................................................................. 5
6.1. Profit & Loss Statement................................................................... 56.2. Balance Sheet................................................................................ 66.3. Cash Flow Statement....................................................................... 8
7. Ratio Analysis........................................................................................ 8
8. Schedules Breakup................................................................................ 10
8.1. Revenue From Operations............................................................... 108.2. Finance Cost.................................................................................. 108.3. Other Expense................................................................................ 118.4. Contingent Liabilities and Commitments.......................................... 118.5. Borrowings...................................................................................... 118.6. Loans and Advances..................................................................... 128.7. Debtors Analysis............................................................................ 128.8. Equity Share Capital - Reconciliation............................................. 128.9. Misc. disclosures related to Profit (Loss)..................................... 13
9. RelatedParty Information........................................................................ 13
9.1. RelatedParty Details....................................................................... 13
10. Auditors Details...................................................................................... 14
10.1. Auditors Details.............................................................................. 1410.2. Auditors Report............................................................................... 14
11. Directors Detail....................................................................................... 15
11.1. Current Directors............................................................................. 1511.2. Past Directors................................................................................. 15
12. Detailed KYC........................................................................................... 15
12.1. Service Tax Assessee Details....................................................... 1512.2. Company TIN Details...................................................................... 16
13. Establishments & Employees.................................................................. 16
13.1. Establishment................................................................................. 1613.2. Employees Trend............................................................................ 16
14. Charge Search Report............................................................................. 17
14.1. Bank-Wise Open Charges................................................................ 1714.2. Satisfied Charges........................................................................... 1714.3. Future Charges............................................................................... 1714.4. Company Charges........................................................................... 18
15. Directors Information.............................................................................. 18
15.1. Durgashankar Subramaniam - ( DIN : 44713)................................ 1815.2. Pawan Kumar Goenka - ( DIN : 254502)........................................ 1815.3. Rahul Durgaprasad Asthana - ( DIN : 234247)............................. 1815.4. Smita Mankad - ( DIN : 2009838).................................................. 1815.5. Pankaj Uttam Sonalkar - ( DIN : 2685465)................................... 1815.6. Nikhil Ramakrishna Sohoni - ( DIN : 6852639)............................. 1815.7. Pravin Nagindas Shah - ( DIN : 56173)........................................ 18
Page 2 of 23
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Summary Credit Rating Financials Directors Charges
Company HighlightsBasic Information
Company HighlightsKYC Information
Company HighlightsCorporate Information
Financial HighlightsFinancial Highlights
Mahindra vehicle manufacturerslimited
1. Company Highlights
1.1. Basic Information
Age (Incorp. Date) 10 Years (25-05-2007) BalanceSheet Date 31-03-2016
Company Status Active Paid up Capital ₹ 3,594.75 Cr
Company Type UnListed Public Company Profit After Tax ₹ 278.52 Cr
Company SubCategory Indian Non-Government Company Open Charges ₹ 1,650.00 Cr ( 4 Charges )
Email ID [email protected] Directors Current : 7 Directors ( Past : 5 Directors )
Company Website www.mahindra.com Number of Signatories 2 Signatories
Industry Manufacture Of Motor Vehicles Company Address Mahindra Towers, P. K. Kurne ChowkWorli Mumbai MH 400018 IN,
1.2. KYC Information
Company PAN AAFCM1217M Company TAN MUMM32438A
Employees 3612 Employees TIN Registrations 1 Registration
Locations 1 Location Service Tax Registrations 3 Registrations
1.3. Corporate Information
Holding Company MAHINDRA AND MAHINDRA LIMITED Subsidiary Company 12 Subsidiaries
Company Auditor DELOITTE HASKINS & SELLS (117366W) ; Related Parties 31 RelatedParties
2. Financial Highlights [ Amount in Rs. Lakhs except EPS]
Revenue from operations ₹ 7,54,542.00 ( for 12 Months between 01-04-2015 to 31-03-2016 )
Total Income ₹ 7,56,213.00 ( for 12 Months between 01-04-2015 to 31-03-2016 )
Profit (loss) for period (PAT) ₹ 27,852.00 ( for 12 Months between 01-04-2015 to 31-03-2016 )
Basic EPS 2.32
Shareholders funds ₹ 3,89,967.00 ( as on 31-03-2016 )
Long-Term Borrowings ₹ 1,70,000.00 ( as on 31-03-2016 )
Aggregate of charges registered onborrowings ₹ 1,77,500.00
Adverse Remark by Auditor in CARO There are no Adverse Remarks
Page 3 of 23
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Ownership DetailsOwnership Details
Borrowings & ChargesBorrowings Summary
Borrowings & ChargesCompany Charges
Mahindra vehicle manufacturerslimited
3. Ownership Details [ Amount in Rs. Lakhs ]
Shareholder Name 2013-2014 2014-2015 2015-2016
MAHINDRA AND MAHINDRA LIMITED 100.00 100.00 99.99
4. Borrowings & Charges
4.1. Borrowings Summary [ Amount in Rs. Lakhs ]
Element Name 2013 - 2014 2014 - 2015 2015 - 2016
Secured Borrowing 56,268.00 30,284.00 50,000.00
Unsecured Borrowing 0.00 11,500.00 1,39,806.00
Total Borrowing 56,268.00 41,784.00 1,89,806.00
4.2. Company Charges [ Amount in Rs. Lakhs ]
Charge Holder Charge Amount Creation Date
Axis Trustee Services Limited ₹ 80,000.00 23-05-2013
HDFC BANK LIMITED ₹ 15,000.00 30-07-2010
CANARA BANK (Security Trustee for Standard Chartered Bank) ₹ 20,000.00 29-03-2010
AXIS TRUSTEE SERVICES LIMITED ₹ 50,000.00 20-05-2016
Page 4 of 23
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Credit Ratings & DefaultsCredit Ratings Overview
Financial StatementsProfit & Loss Statement
Mahindra vehicle manufacturerslimited
5. Credit Ratings & Defaults
5.1. Credit Ratings Overview [ Amount in Rs. Lakhs ]
Agency Rating Date Type Instrument Amount (₹. Lacs) Rating
ICRA 19-04-2016 Long TermNon-ConvertibleDebentureprogramme
0.00 AAA
ICRA 19-04-2016 Long Term Long-term, termloan 0.00 AAA
ICRA 19-04-2016 Long Term Long-term, fundbased facilities 0.00 AAA
ICRA 19-04-2016 Short Term Commercial paperprogramme 0.00 A1+
6. Financial Statements
6.1. Profit & Loss Statement [ Amount in Rs. Lakhs ]
Element Name 2013 - 2014 2014 - 2015 2015 - 2016
Operating Revenue 5,78,303.00 5,12,106.00 7,54,542.00
EBDITA 54,422.00 45,251.00 67,371.00
Depreciation 11,266.00 12,310.00 13,977.00
Interest 10,245.00 9,027.00 10,125.00
Other Income 1,812.00 2,768.00 1,671.00
Total Revenue 5,80,115.00 5,14,874.00 7,56,213.00
Total Expenses 5,47,204.00 4,90,960.00 7,12,944.00
PBT 32,911.00 23,914.00 43,269.00
Tax 11,244.00 8,611.00 15,417.00
PAT 21,667.00 15,303.00 27,852.00
Number of Shares 9622.5 9622.5 31622.5
Earning Per Share (EPS) 2.25 1.59 2.32
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Financial StatementsBalance Sheet
Mahindra vehicle manufacturerslimited
6.2. Balance Sheet [ Amount in Rs. Lakhs ]
Element Name 2013 - 2014 2014 - 2015 2015 - 2016
Equity (Including reserves) 1,43,571.00 1,52,055.00 3,89,967.00
Debt 56,268.00 41,784.00 1,89,806.00
Current liabilities and provisions 1,57,635.00 1,51,270.00 2,32,554.00
Deferred tax liability/(asset) 16,150.00 17,116.00 17,406.00
Capital Employed 3,73,624.00 3,62,225.00 8,29,733.00
Tangible assets 1,91,664.00 1,84,984.00 1,98,258.00
Capital WIP and Others 2,586.00 11,808.00 3,626.00
Intangible assets 760.00 452.00 757.00
Investments 4,680.00 280.00 3,90,840.00
Loans and advances 41,272.00 63,607.00 44,440.00
Inventory 37,761.00 38,320.00 65,361.00
Receivables 51,378.00 31,891.00 92,197.00
Cash and bank balance 19,092.00 4,057.00 7,379.00
Other Assets 24,431.00 26,826.00 26,875.00
Applications of Funds 3,73,624.00 3,62,225.00 8,29,733.00
Current Liabilities 1,52,954.00 1,62,320.00 2,49,391.00
Current Assets 1,45,102.00 1,04,557.00 2,00,806.00
Working Capital -7,852.00 -57,763.00 -48,585.00
Page 6 of 23
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Summary Credit Rating Financials Directors Charges
Financial StatementsCash Flow Statement
Mahindra vehicle manufacturerslimited
6.3. Cash Flow Statement [ Amount in Rs. Lakhs ]
Element Name 2013 - 2014 2014 - 2015 2015 - 2016
Operating Activities 59,442.00 21,935.00 65,819.00
Investing Activities -16,344.00 -6,692.00 -4,10,523.00
Financing Activities -28,130.00 -29,429.00 3,48,026.00
Cash and Cash Equivalent at End 18,243.00 4,057.00 7,379.00
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Ratio AnalysisRatio Analysis
Mahindra vehicle manufacturerslimited
7. Ratio Analysis [ Amount in Rs. Lakhs ]
Element Name 2013 - 2014 2014 - 2015 2015 - 2016
Growth ratios
Operative Revenue growth (%) - (11.45) 47.34
EBITDA growth (%) - (16.85) 48.88
EPS growth (%) - (29.33) 45.91
Profitability Ratios
EBITDA margin (%) - 8.79 8.91
PAT margin (%) - 2.97 3.68
Return on capital employed (RoCE) (%) - 18.02 9.48
Return on equity (RoE) (%) 15.09 10.06 7.14
Working Capital Ratios
Inventory holding Days - 31.75 30.29
Debtors Outstanding days - 29.67 29.93
Trade Payable Days - 79.68 74.89
Cash Conversion Cycle - (18.25) (14.67)
Liquidity and Solvency Ratios
Net debt-equity 0.39 0.27 0.49
Interest coverage - 3.65 5.27
Current ratio 0.95 0.64 0.81
Leverage (TOL/TNW) 1.61 1.39 1.13
Asset Turnover - 1.40 1.27
Inventory Turnover - 13.53 14.59
Working Capital Turnover - (15.69) (14.22)
Cash Flow Indicator Ratios
Operating Cash Margin (OCF/Sales) (%) - 4.26 8.70
Free Cash Flow/OCF (%) 79.25 25.05 75.14
Cash Generating Power 3.97 (1.55) 19.81
Short-Term Debt Coverage Ratio - 1.39 3.32
Capital Expenditure Coverage Ratio 4.82 1.33 4.02
Page 8 of 23
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Schedules BreakupRevenue From Operations
Schedules BreakupFinance Cost
Mahindra vehicle manufacturerslimited
8. Schedules Breakup
8.1. Revenue From Operations [ Amount in Rs. Lakhs ]
Element Name 2013 - 2014 2014 - 2015 2015 - 2016
Domestic turnover
Domestic Sales - Manufactured Goods 5,78,303.00 5,12,106.00 7,27,657.00
Export turnover
Export Sales - Manufactured Goods - - 26,885.00
Total Revenue From Operations 5,78,303.00 5,12,106.00 7,54,542.00
8.2. Finance Cost [ Amount in Rs. Lakhs ]
Element Name 2013 - 2014 2014 - 2015 2015 - 2016
Interest on Borrowings 8,017.00 6,882.00 8,753.00
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Schedules BreakupOther Expense
Schedules BreakupContingent Liabilities and Commitments
Schedules BreakupBorrowings
Mahindra vehicle manufacturerslimited
Other Finance related Charges 2,228.00 2,145.00 1,372.00
Total Finance costs 10,245.00 9,027.00 10,125.00
8.3. Other Expense [ Amount in Rs. Lakhs ]
Element Name 2013 - 2014 2014 - 2015 2015 - 2016
Consumption of stores and spare parts 4,491.00 3,682.00 5,136.00
Power and fuel 3,354.00 3,031.00 4,241.00
Rent 77.00 42.00 403.00
Repairs to building & Machinery 1,657.00 2,172.00 2,676.00
Rates and taxes& -4,237.00 2,092.00 451.00
Payments to auditor 31.00 30.00 35.00
Miscellaneous expenses 4,778.00 4,679.00 20,848.00
Total Other Expense 10,151.00 15,728.00 33,790.00
8.4. Contingent Liabilities and Commitments [ Amount in Rs. Lakhs ]
Element Name 2013 - 2014 2014 - 2015 2015 - 2016
Estimated amount of contracts remaining to beexecuted 20,037.00 46,478.00 8,045.00
Total Commitments 20,037.00 46,478.00 8,045.00
8.5. Borrowings [ Amount in Rs. Lakhs ]
Element Name 2013 - 2014 2014 - 2015 2015 - 2016
Secured Borrowings
Secured - Long-Term
Secured - Long - Term Loans from Banks 3,268.00 0.00 0.00
Secured - Long - Other Borrowings 53,000.00 26,000.00 50,000.00
Secured - Short-Term
Secured - Short - Other Borrowings 0.00 4,284.00 0.00
Total Secured Borrowings 56,268.00 30,284.00 50,000.00
Unsecured Borrowings
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Schedules BreakupLoans and Advances
Schedules BreakupDebtors Analysis
Schedules BreakupEquity Share Capital - Reconciliation
Mahindra vehicle manufacturerslimited
Unsecured - Long-Term
Unsecured - Long - Loans and advances fromrelated parties 0.00 0.00 1,20,000.00
Unsecured - Short-Term
Unsecured - Short - Other Borrowings 0.00 11,500.00 19,806.00
Total Unsecured Borrowings 0.00 11,500.00 1,39,806.00
Total Borrowings 56,268.00 41,784.00 1,89,806.00
8.6. Loans and Advances [ Amount in Rs. Lakhs ]
Element Name 2013 - 2014 2014 - 2015 2015 - 2016
Secured - Long - Good 369.00 185.00 0.00
Unsecured - Long - Good
Unsecured - Long - Good - Capital advances 278.00 1,570.00 191.00
Unsecured - Long - Good - Security deposits 558.00 47.00 61.00
Unsecured - Long - Good - Other loans andadvances 32,019.00 58,327.00 41,179.00
Less : Provision on Others - Unsecured - Long -Good 0.00 0.00 0.00
Total Unsecured - Long - Good 32,855.00 60,129.00 41,431.00
Unsecured - Long - Doubtful
Long-Term Loans and Advances 33,224.00 60,129.00 41,431.00
Short-Term Loans and Advances 8,048.00 3,478.00 3,009.00
Total Loans and Advances 41,272.00 63,607.00 44,440.00
8.7. Debtors Analysis [ Amount in Rs. Lakhs ]
Element Name 2013 - 2014 2014 - 2015 2015 - 2016
Due upto 6 Months
Net Debtors due upto 6 Months 51,378.00 31,891.00 92,197.00
Total Debtors 51,378.00 31,891.00 92,197.00
8.8. Equity Share Capital - Reconciliation [ Amount in Rs. Lakhs ]
Element Name 2013 - 2014 2014 - 2015 2015 - 2016
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Schedules BreakupMisc. disclosures related to Profit (Loss)
RelatedParty InformationRelatedParty Details
Mahindra vehicle manufacturerslimited
Equity - Share Capital at the Beginning of the period 96,225.00 96,225.00 96,225.00
Equity - Increase in Share Capital
Equity - Bonus & Right Issue 0.00 0.00 2,20,000.00
Equity - Decrease in Share Capital
Equity Share Capital at the end of the period 96,225.00 96,225.00 3,16,225.00
8.9. Misc. disclosures related to Profit (Loss) [ Amount in Rs. Lakhs ]
Element Name 2013 - 2014 2014 - 2015 2015 - 2016
Expenditure in foreign exchange 67.00 90.00 25,572.00
9. RelatedParty Information
9.1. RelatedParty Details [ Amount in Rs. Lakhs ]
Related Party Name Country Nature of Relationship Description of transaction
Mahindra Hinoday Industries Limited INDIA Fellow Subsidiary company Refer Below
Mahindra Logistics Limited INDIA Fellow Subsidiary company Purchase of Services
Mahindra And Mahindra Limited INDIA Holding company Refer Note
Mahindra Heavy Engines Limited INDIA Fellow Subsidiary company Refer Below
Mahindra Trucks And Buses Limited INDIA Fellow Subsidiary company Refer Below
Mahindra Gears & TransmissionsPrivate Limited INDIA Fellow Subsidiary company Refer below
Mahindra Integrated Business SolutionsPrivate Limited INDIA Fellow Subsidiary company Refer Below
Ssangyong Motorcompany KOREA,REPUBLIC OF Fellow Subsidiary company Refer below
Mahindra Conveyor INDIA Fellow Subsidiary company Refer below
Bristlecone India Limited INDIA Fellow Subsidiary company Refer below
Mahindra Susten Private Limited INDIA Fellow Subsidiary company Refer below
Mahindra Defence Systems Limited INDIA Fellow Subsidiary company Purchase of Services
MR. Vijay Dhongde INDIA Key Management Personnel Refer Note
Mahindra Reva Electric Vehicles Limited INDIA Subsidiary company Refer Note
MR. Mahendra Bhalerao INDIA Key Management Personnel Refer Note
MR. Dattaraya Nikam INDIA Key Management Personnel Refer Note
Mahindra Auto Steel Private Limited INDIA Subsidiary company Purchase of Material
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Auditors DetailsAuditors Details
Auditors DetailsAuditors Report
Mahindra vehicle manufacturerslimited
Mahindra Graphic Research DesignS.R.L. ITALY Fellow Subsidiary company Purchase of Services
Mahindra CIE Automotive Limited INDIA Associate Purchase of Material
Mahindra And Mahindra FinancialServices Limited INDIA Fellow Subsidiary company Other Income
Mahindra First Choice Services Limited INDIA Fellow Subsidiary company Purchase of Service
Lords Freight (india) Private Limited INDIA Fellow Subsidiary company Purchase of Services
Mahindra North America TechnicalCentre UNITED STATES Fellow Subsidiary company Purchase of Business Reimbursements
made to parties
Mahindra Tractor Assembly INC UNITED STATES Fellow Subsidiary company Purchase of Services
Mahindra TWO Wheelers Limited INDIA Subsidiary company Refer below
Gippsaero PTY Ltd.and Country AUSTRALIA Fellow Subsidiary company Reimbursements received from parties
Pankaj Uttam Sonalkar INDIA Key Management Personnel Refer Table
Mahindra Intertrade Limited INDIA Subsidiary company Refer below
Mahindra Sanyo Special Steel PrivateLimited INDIA Fellow Subsidiary company Refer Below
Mahindra Ugine Steel Company Limited INDIA Fellow Subsidiary company Refer below
Mahindra Forging Limited INDIA Fellow Subsidiary company Refer below
10. Auditors Details
10.1. Auditors Details [ Amount in Rs. Lakhs ]
Element Name 2013 - 2014 2014 - 2015 2015 - 2016
Audit Firm Name Deloitte Haskins & Sells DELOITTE HASKINS & SELLS DELOITTE HASKINS & SELLS
Registration Number 117365W 117365W 117366W
Auditors Name HEMENDRA LAXMIDAS SHAH HEMENDRA LAXMIDAS SHAH HEMENDRA LAXMIDAS SHAH
Membership Number 033590 033590 033590
Auditor Address Mumbai Mumbai Mumbai
PAN of Audit Firm AADFD2337G AADFD2337G AABFD7919A
10.2. Auditors Report
Element Name Element Value
Year of Report 2016
Auditors Report has been Qualified False
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Directors DetailCurrent Directors
Directors DetailPast Directors
Mahindra vehicle manufacturerslimited
Nil Nil
Year of Report 2015
Auditors Report has been Qualified False
Nil Nil
Year of Report 2014
Auditors Report has been Qualified False
11. Directors Detail
11.1. Current Directors [ Amount in Rs. Lakhs ]
Company Directors Director DIN Designation Appointment Date Shares Holding
Durgashankar Subramaniam 44713 Director 27-04-2016 0
Pawan Kumar Goenka 254502 Director 25-05-2007 0
Rahul Durgaprasad Asthana 234247 Director 31-03-2015 0
Smita Mankad 2009838 Director 31-03-2015 0
Pankaj Uttam Sonalkar 2685465 Director 28-04-2015 0
Nikhil Ramakrishna Sohoni 6852639 Director 27-01-2015 0
Pravin Nagindas Shah 56173 Director 25-01-2012 0
11.2. Past Directors [ Amount in Rs. Lakhs ]
Company Directors Director DIN Designation Appointment Date Cessation Date
Rajesh Ganesh Jejurikar 46823 Not Available 30-07-2010 27-01-2012
Sundaram Venkatraman 77193 Not Available 20-08-2009 10-01-2014
Vijay Anant Dhongde 3601867 Whole-time Director 23-08-2011 04-01-2015
Uday Yeshwant Phadke 30191 Not Available 08-06-2008 09-10-2008
Ajay Mansukhlal Choksey 204454 Not Available 20-08-2009 10-01-2014
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Detailed KYCService Tax Assessee Details
Detailed KYCCompany TIN Details
Establishments & EmployeesEstablishment
Establishments & EmployeesEmployees Trend
Mahindra vehicle manufacturerslimited
12. Detailed KYC
12.1. Service Tax Assessee [ Amount in Rs. Lakhs ]
SL.No Assessee Code Reg. Detail Address
1 AAFCM1217MST001 INACTIVE 155,, MAHINDRA VEHICLE MANUFACTURERS LTD,, MUMBAI-PUNEROAD,, PIMPRI, PUNE, MAHARASHTRA-411018
2 AAFCM1217MST002 INACTIVE 155,, MAHINDRA VEHICLE MANUFACTURERS LTD,, MUMBAI-PUNEROAD,, PIMPRI, PUNE, MAHARASHTRA-411018
3 AAFCM1217MST003 ACTIVE PHASE NO.IV, A-1, CHAKAN INDUSTRIAL AREA, CHAKAN, TAL:KHEDCHAKAN, PUNE, MAHARASHTRA-410501
12.2. Company TIN Details [ Amount in Rs. Lakhs ]
SL.No State TIN Reg. Date Type Address
1 Maharashtra 27670630322 20-10-2007 VAT+CSTPLOT NO.A-1, PHASE IV,CHAKAN INDUSTRIALAREA, MIDC ,CHAKAN,VILLAGE NIGHOJE, TALKHED, DIST PUNE.410501. 42716 155 27, PIN-410501
13. Establishments & Employees
13.1. Establishment [ Amount in Rs. Lakhs ]
Unit Name City Pincode
M/S MAHINDRA VEHICLE MANUFACTURERS LTD. PUNE 410501
13.2. Employees Trend [ Amount in Rs. Lakhs ]
Month Year No of Employees EPF Amount Paid
Aug-2015 3508 ₹ 109.82
Sep-2015 3546 ₹ 109.29
Oct-2015 3579 ₹ 111.96
Nov-2015 3584 ₹ 111.64
Dec-2015 3580 ₹ 112.98
Jan-2016 3598 ₹ 114.36
Feb-2016 3612 ₹ 114.34
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Charge Search ReportBank-Wise Open Charges
Charge Search ReportSatisfied Charges
Charge Search ReportFuture Charges
Company Charges
Mahindra vehicle manufacturerslimited
14. Charge Search Report
14.1. Bank-Wise Open Charges [ Amount in Rs. Lakhs ]
Charge Holder Amount (₹ in Lakhs)
CANARA BANK ₹ 1,77,500.00
14.2. Satisfied Charges [ Amount in Rs. Lakhs ]
Charge Holder Amount (₹in Lakhs)
Outstanding years
CreationDate
SatisfactionDate Assets Secured
STATE BANK OF INDIA 12500.00 0.8 Years 20-07-2009 30-03-2010 Nil
14.3. Future Charges [ Amount in Rs. Lakhs ]
ChargeID &Amount Charge Holder Assets Secured Future Charge Description
10236113₹15,000.00 Lacs
HDFC BANKLIMITED
;Movable property(not beingpledge);Floatingcharge
Hypothecation by the way of First Charge on the Stocks and Book debts ofthe Company both present and future
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Directors Information
Mahindra vehicle manufacturerslimited
15.3. Company Charges
Charge ID :(10236113 )
HDFC BANK LIMITED
₹ 15,000.00 Lacs
HDFC BANK HOUSESENAPATI BAPATMARGLOWER [email protected]
Attachment Description :Supplemental Letter of Hypothecation ofStocks and Book debts.
List of attachments:Supplemental Hypo-Letter-14-6-2012-MVML.pdf
Creation Date :30-07-2010 Modified : True
Consortium Finance : NO Joint Charge : NO
Charge On :•Movable property (not being pledge)•Floating charge
Interest Rate :as per mutually agreed terms
Repayment Terms :as per mutually agreed terms
Margin :20%
Extent and operation of the charge :On all stock in trade both present and future consisting of raw materials, finished goods,goods in process of manufacturing and other movable property; all book debts, outstandingmonies receivable, claims and bills which are now due and owing or which may at any timehereafter during the continuance of this security become due and owing.
Others Terms :Nil
Short particulars of the property or asset(s) charged :
•Hypothecation by the way of First Charge on the Stocks and Book debts of the Companyboth present and future
Name of Person, in case the said property is not registered in company’s name : NA
Modification history :
•Dated ~ 2012-06-14Hypothecation of all stock in trade both present and future consisting of raw materials,finished goods, goods in process of manufacturing and other movable property, all bookdebts, outstanding monie
Charge ID :(10213377 )
CANARA BANK (Security Trustee forStandard Chartered Bank)
₹ 20,000.00 Lacs
PRIME CORPORATE BRANCH - IIVERMACHAMBERS, 2ND FLOOR, HOMJI STREET,[email protected]
Attachment Description :Letter of Modification of Charge.
List of attachments:Modification charge-MVML-Canara Bank.pdf
Creation Date :29-03-2010 Modified : True
Consortium Finance : NO Joint Charge : NO
Charge On :•Immovable property or any interest therein•Movable property (not being pledge)•Floating charge
Interest Rate :Interest as may be stipulated by lenders from time to time and in accordance with Schedule Iof the Principal Deed of Mortgage dated 29.03.2010.
Repayment Terms :As per the Repayment Schedule of Rupee Loan mentioned in Schedule IV of the PrincipalDeed of Mortgage dated 29.03.2010.
Margin :As may be stipulated by Lenders from time to time in accordance with Schedule I of thePrincipal Deed of Mortgage dated 29.03.2010.
Extent and operation of the charge :As per Annexure Attached.
Others Terms :Nil
Short particulars of the property or asset(s) charged :
•Immovable properties of the Company situated at Pune - As per Annexure III attached.•Hypothecation of Plant & Machineries - As per Annexure III attached.
Name of Person, in case the said property is not registered in company’s name : NA
Modification history :
•Dated ~ 2012-10-31Letter from security trustee reducing the charge from Rs.1200 crores to Rs.200 crores onaccount of re-payment of Rs.1000 crores sanctioned to the Company.
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Summary Credit Rating Financials Directors Charges
Mahindra vehicle manufacturerslimited
16. Directors Information
16.1. Durgashankar Subramaniam - ( DIN : 44713)
Age 58 Years (13-07-1959) No. of directorship 18
PAN Number AACPD4035A Total Capitalization ₹ 4,888.47 Cr
E-mail [email protected] Average Capitalization ₹ 271.58 Cr
Designation DirectorAddress
203, 2nd Floor, Ganga Towers, AturPark, Sion Trombay Road Mumbai400071 MH INNationality IN
Current Company Appointment Date Industry Age ofCompany(Years) State No. of Common
Director
Mahindra Vehicle Manufacturers
Limited27-04-2016 Nil 9.8 Years Maharashtra 7
Mahindra Heavy Engines Limited 26-04-2013
Manufacture of engines;side cars and otherspecialized parts andaccessories for motorcycles; scooters andthree-wheelers
9.9 Years Maharashtra 1
Mahindra Trucks And Buses
Limited26-04-2013
#1 Activities of travelagencies and touroperators; touristassistance activitiesn.e.c. [Includesfurnishing travelinformation; advice andplanning; a...
22.7 Years Maharashtra 1
Swaraj Automotives Limited 18-06-2014
#2 General construction(including alteration;addition; repair andmaintenance) of non-residential buildings;carried –out on own-account basis or on a ...
42.2 Years Punjab 2
Mahindra Integrated Business
Solutions Private Limited22-02-2012 Other business activities
n.e.c. 6.0 Years Maharashtra 1
Swaraj Engines Ltd 18-06-2014 Nil 31.4 Years Punjab 2
Mahindra Hzpc Private Limited 28-02-2014
#3 Activities establishinga crop; promoting itsgrowth or protecting itfrom disease andinsects. Transplantationof rice in rice fields.Horticultural ...
3.9 Years Maharashtra 1
Mahindra Sona Limited 28-07-2015
#4 Manufacture ofcomputer peripherals likemagnetic disk/floppy/winchester disk drives;magnetic tape/cassette/cartidge drives;punch tape readers; cu...
22.4 Years Maharashtra 1
EPC Industrie Limited 05-08-2011 Nil 35.2 Years Maharashtra 1
Mahindra Emarket Limited 18-09-2015 Nil 16.3 Years Maharashtra 1
Mahindra Namaste Private Limited 04-02-2013Higher education inengineering / othertechnical courses.
7.0 Years Maharashtra 1
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© InstaFinancials
Summary Credit Rating Financials Directors Charges
Mahindra vehicle manufacturerslimited
Foot note #1 Activities of travel agencies and tour operators; tourist assistance activities n.e.c. [Includes furnishing travel information; adviceand planning; arranging tours; accommodation and transportation for travellers and tourists; and furnishing tickets etc. Also included aretourist assistance activities; such as carried on by tourist guides]
Foot note #2 General construction (including alteration; addition; repair and maintenance) of non-residential buildings; carried –out on own-account basis or on a fee or contract basis.
Foot note #3 Activities establishing a crop; promoting its growth or protecting it from disease and insects. Transplantation of rice in rice fields.Horticultural and nursery services.
Foot note #4 Manufacture of computer peripherals like magnetic disk/floppy/ winchester disk drives; magnetic tape /cassette/cartidge drives;punch tape readers; curve followers; graph plotters; serial/daisy wheel/line printers; data entry equipment with or without visual display; webcamera (digital); magnetic or optical readers; machines for transcribing data onto data media in coded form; and so forth
16.2. Pawan Kumar Goenka - ( DIN : 254502)
Age 63 Years (23-09-1954) No. of directorship 19
PAN Number Nil Total Capitalization ₹ 7,679.27 Cr
E-mail Nil Average Capitalization ₹ 404.17 Cr
Designation DirectorAddress
Flat No.602, 9 JVPD, 10th Road JuhuVile Parle Scheme, Vile Parle (West )Mumbai 400056 MH INNationality NA
Current Company Appointment Date Industry Age ofCompany(Years) State No. of Common
Director
Mahindra Vehicle Manufacturers
Limited25-05-2007 Nil 9.8 Years Maharashtra 7
Mahindra Reva Electric Vehicles
Limited26-05-2010
Manufacture of heavymotor vehicles: busesand vans principallydesigned for transport ofpersons
20.9 Years Karnataka 2
Mahindra TWO Wheelers Limited 29-09-2008
#1 Manufacture ofmotorcycles (includingmopeds) and cyclesfitted with an auxiliaryengine; whether or notwith an attached side car(manufacture of hel...
8.5 Years Maharashtra 2
Mahindra And Mahindra Limited 23-09-2013 Nil 71.3 Years Maharashtra 1
Mahindra First Choice Wheels
Limited29-04-2006 Nil 22.1 Years Maharashtra 1
Mumbai Mantra Media Limited 28-03-2012 Nil 8.11 Years Maharashtra 2
Swaraj Engines Ltd 06-05-2010 Nil 31.4 Years Punjab 2
Mahindra Engineering Services
Limited30-04-2003
#2 Database activitiesand distribution ofelectronic content [Thisincludes data basedevelopment; datastorage and data baseavailability. Theprovisio...
21.5 Years Maharashtra 1
Association Of Indian Automobiles
Manufacturers (section-25
Company)
28-08-2009
#3 Manufacture of partsand accessories formotor vehicles and theirengines [brakes; gearboxes; axles; roadwheels; suspensionshock absorbers;radiato...
56.11 Years Delhi 1
Sylvan Realty Private Limited 26-05-2003 Nil 17.2 Years Maharashtra 1
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© InstaFinancials
Summary Credit Rating Financials Directors Charges
Mahindra vehicle manufacturerslimited
New Democratic Electoral Trust 27/10/2014
#4 Accounting; book-keeping and auditingactivities; taxconsultancy. [Dataprocessing andtabulation are classifiedin class 7230; activitiesinvolving ...
2.4 Years Maharashtra 1
Mahindra And Mahindra Financial
Services Limited27-07-2009 Activities of hire -
purchase financing 26.0 Years Maharashtra 1
Foot note #1 Manufacture of motorcycles (including mopeds) and cycles fitted with an auxiliary engine; whether or not with an attached sidecar (manufacture of helmets is classified in class 2520)
Foot note #2 Database activities and distribution of electronic content [This includes data base development; data storage and data baseavailability. The provision of data in a certain order/sequence; accessible to everybody or to limited users and can be sorted ondemand.(computerised documentation activities provided by libraries and archives are classified in class 9231)].
Foot note #3 Manufacture of parts and accessories for motor vehicles and their engines [brakes; gear boxes; axles; road wheels; suspensionshock absorbers; radiators; silencers; exhaust pipes; steering wheels; steering columns and steering boxes and other parts and accessoriesn.e.c.]
Foot note #4 Accounting; book-keeping and auditing activities; tax consultancy. [Data processing and tabulation are classified in class 7230;activities involving management consultancy by units that do not provide accounting or auditing services e.g. design of accounting systems;cost accounting programmes; budgetary control procedures etc. are in class 7414 and bill collection in class 7499].
16.3. Rahul Durgaprasad Asthana - ( DIN : 234247)
Age 64 Years (18-02-1953) No. of directorship 16
PAN Number ADGPA6889A Total Capitalization ₹ 37,849.93 Cr
E-mail [email protected] Average Capitalization ₹ 2,365.62 Cr
Designation DirectorAddress
B/1101, PATLIPUTRA SOC. 4BUNGLOW CROSSING, VARSOVA,ANDHERI (WE ST) MUMBAI 400053MH INNationality IN
Current Company Appointment Date Industry Age ofCompany(Years) State No. of Common
Director
Binani Industries Limited 06-04-2013Manufacture of basicinorganic chemicalsn.e.c.
54.5 Years West Bengal 1
Mahindra Vehicle Manufacturers
Limited31-03-2015 Nil 9.8 Years Maharashtra 7
NBS International Limited 23-03-2015Manufacture of all typesof textile garments andclothing accessories
21.1 Years Maharashtra 2
Edayar Zinc Limited 01-07-2014
#1 Manufacturing of Zinc(includes basicprocessing; smelting;refining for production ofbase metal; its furtherprocessing andproduction of powdersor...
16.11 Years West Bengal 1
Aegis Logistics Limited 29-05-2014
#2 Activities of othertransport agencies[Includes forwarding offreight; organisation orarrangement of transporton behalf of the shipperor consignee...
60.7 Years Gujarat 1
Foot note #1 Manufacturing of Zinc (includes basic processing; smelting; refining for production of base metal; its further processing andproduction of powders or flakes; foil; plates; sheets or strip; bars; rods; profiles; wires; tubes; pipes and tube or pipe fittings)
Foot note #2 Activities of other transport agencies [Includes forwarding of freight; organisation or arrangement of transport on behalf of theshipper or consignee; receiving and acceptance of freight; transportation document preparation; consolidation and break bulk of freight;freight brokerage; custom house brokerage; bill auditing and freight rate information; brokerage for ship and aircraft space; packing andcrating and unpacking and de-crating; weighing and sampling of freight etc. This also includes the services provided by chauffeurs andpersonal car drivers.]
16.4. Smita Mankad - ( DIN : 2009838)
Page 20 of 23
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Summary Credit Rating Financials Directors Charges
Mahindra vehicle manufacturerslimited
Age Nil No. of directorship 2
PAN Number Nil Total Capitalization ₹ 3,663.25 Cr
E-mail Nil Average Capitalization ₹ 1,831.62 Cr
Designation DirectorAddress E-71 IFS APARTMENTS MAYUR
VIHAR PHASE I DELHI 110091 DL INNationality NA
Current Company Appointment Date Industry Age ofCompany(Years) State No. of Common
Director
Mahindra Vehicle Manufacturers
Limited31-03-2015 Nil 9.8 Years Maharashtra 7
Mahindra Auto Steel Private Limited 29-04-2015 Nil 3.1 Years Maharashtra 1
16.5. Pankaj Uttam Sonalkar - ( DIN : 2685465)
Age 56 Years (03-10-1961) No. of directorship 3
PAN Number AERPS1263C Total Capitalization ₹ 4,691.55 Cr
E-mail [email protected] Average Capitalization ₹ 1,563.85 Cr
Designation DirectorAddress
Shevale Complex, S. No.22, HissaNo.21/1-2, Adj. Finolex Works officePimpri 411018 MH INNationality IN
Current Company Appointment Date Industry Age ofCompany(Years) State No. of Common
Director
Mahindra Vehicle Manufacturers
Limited28-04-2015 Nil 9.8 Years Maharashtra 7
16.6. Nikhil Ramakrishna Sohoni - ( DIN : 6852639)
Age 49 Years (21-05-1968) No. of directorship 4
PAN Number ABRPS6871K Total Capitalization ₹ 3,601.35 Cr
E-mail [email protected] Average Capitalization ₹ 900.34 Cr
Designation DirectorAddress
6, VISHWAS C.H.S, AZAD ROAD,,OPP. VILE PARLE(E) FIRE STATION,VILE PARLE, MUMBAI, 400057,Maharashtra, INDIANationality IN
Current Company Appointment Date Industry Age ofCompany(Years) State No. of Common
Director
Mahindra Vehicle Manufacturers
Limited27-01-2015 Nil 9.8 Years Maharashtra 7
Page 21 of 23
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© InstaFinancials
Summary Credit Rating Financials Directors Charges
Mahindra vehicle manufacturerslimited
Mahindra Univeg Private Limited 09-07-2014
#1 Activities establishinga crop; promoting itsgrowth or protecting itfrom disease andinsects. Transplantationof rice in rice fields.Horticultural ...
2.6 Years Maharashtra 1
Mahindra Airways Limited 27-07-2016 Scheduled air transport 0.6 Years Maharashtra 1
Foot note #1 Activities establishing a crop; promoting its growth or protecting it from disease and insects. Transplantation of rice in rice fields.Horticultural and nursery services.
16.7. Pravin Nagindas Shah - ( DIN : 56173)
Age 63 Years (14-05-1954) No. of directorship 6
PAN Number AMPPS4827G Total Capitalization ₹ 4,006.53 Cr
E-mail [email protected] Average Capitalization ₹ 667.75 Cr
Designation DirectorAddress
41/42, SAILESH, PLOT NO.94A,LINKING ROAD, TPS 2, SANTACRUZ(WEST), MUMBAI 400054 MH INNationality IN
Current Company Appointment Date Industry Age ofCompany(Years) State No. of Common
Director
Mahindra Vehicle Manufacturers
Limited25-01-2012 Nil 9.8 Years Maharashtra 7
Mahindra Reva Electric Vehicles
Limited28-01-2012
Manufacture of heavymotor vehicles: busesand vans principallydesigned for transport ofpersons
20.9 Years Karnataka 2
NBS International Limited 02-05-2015Manufacture of all typesof textile garments andclothing accessories
21.1 Years Maharashtra 2
Mahindra Automobile Distributor
Private Limited25-01-2012 Nil 11.7 Years Maharashtra 2
Mahindra Intertrade Limited 25-10-2006 Nil 38.10 Years Maharashtra 1
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Summary Credit Rating Financials Directors Charges
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