MIRA INFORM REPORT
|
Report Date : |
08.04.2011 |
IDENTIFICATION DETAILS
|
Name : |
THYSSENKRUPP INDUSTRIES INDIA PRIVATE LIMITED (w.e.f 1993) |
|
|
|
|
Formerly Known
As : |
KRUPP INDUSTRIES
INDIA LIMITED |
|
|
|
|
Registered
Office : |
154C, Mittal
Tower, 15th Floor, 210, Nariman Point, Mumbai-400021, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
30.09.2009 |
|
|
|
|
Date of Incorporation : |
23.01.1947 |
|
|
|
|
Com. Reg. No.: |
11-005508 |
|
|
|
|
CIN No.: [Company
Identification No.] |
U74999MH1947PTC005508 |
|
|
|
|
TAN No.: [Tax
Deduction & Collection Account No.] |
PNET03957C |
|
|
|
|
PAN No.: [Permanent
Account No.] |
AAATK4892J |
|
|
|
|
Legal Form : |
Private Limited Liability Company. |
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|
|
|
Line of Business : |
Manufacturers of Sugar Mill Machinery and Cement Machinery. |
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 11880000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
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|
|
Litigation : |
Clear |
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|
Comments : |
Subject is an
established company having satisfactory track. 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 – April 1, 2010
|
Country Name |
Previous Rating (31.12.2009) |
Current Rating (01.04.2010) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INFORMATION PARTED BY (GENERAL DETAILS)
|
Name : |
Mr. Prabhu |
|
Designation : |
Finance Manager |
|
Contact No.: |
91-22-27425461 |
|
Date : |
07.04.2011 |
LOCATIONS
|
Registered Office : |
154C, Mittal
Tower, 15th Floor, 210, Nariman Point, Mumbai-400021, |
|
Tel. No.: |
91-22-27425461 /
2 / 3 / 4 |
|
Fax No.: |
91-22-22044025 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
4500 sq.ft (approximately) |
|
Location : |
Owned |
|
|
|
|
Head Office / Factory 1: |
Pimpri,
Pune-411018, |
|
Tel. No.: |
91-20-27425461 /
2 / 3 / 4 |
|
Fax No.: |
91-20-27425350 |
|
E Mail : |
|
|
|
|
|
Factory 2 : |
Cherlapally,
Hyderabad-500051, |
|
Tel. No.: |
91-40-27263540 |
|
Fax No.: |
91-40-27263162 |
|
E-Mail : |
DIRECTORS
AS ON 15.02.2010
|
Name : |
Mr. Damania
Nadirshaw Dara |
|
Designation : |
Director |
|
Address : |
11, |
|
Date of Birth/Age : |
02.12.1936 |
|
Date of Appointment : |
01.01.1978 |
|
Election Commission Identity Card No: |
MT/42/250/486422 |
|
|
|
|
Name : |
Mr. Premal
Narendra Kapadia |
|
Designation : |
Director |
|
Address : |
Flat No. 6,
Haveli, 19, L D Ruparel Marg, Mumbai-400006, |
|
Date of Birth/Age : |
05.06.1949 |
|
Date of Appointment : |
17.09.1999 |
|
Election Commission Identity Card No: |
MT/04/024/096081 |
|
|
|
|
Name : |
Mr. Detlev Walter
Rose |
|
Designation : |
Director |
|
Address : |
Saarlandstrasse 6
Olelde, GermanyD-59302 |
|
Date of Birth/Age : |
23.05.1962 |
|
Date of Appointment : |
13.11.2007 |
|
|
|
|
Name : |
Mr. Vikram
Mahendra Swarup |
|
Designation : |
Director |
|
Address : |
2 B, |
|
Date of Birth/Age : |
16.09.1948 |
|
Date of Appointment : |
19.12.2008 |
|
|
|
|
Name : |
Mr. Ramsis
Shehata |
|
Designation : |
Director |
|
Address : |
28 Strathaven
Mews SW, |
|
Date of Birth/Age : |
06.05.1951 |
|
Date of Appointment : |
23.05.2003 |
|
|
|
|
Name : |
Mr. Vinod
Jamnadas Mehta |
|
Designation : |
Director |
|
Address : |
333, |
|
Date of Birth/Age : |
11.04.1932 |
|
Date of Appointment : |
20.02.1990 |
|
Election Commission Identity Card No: |
MT/04/024/102891 |
|
|
|
|
Name : |
Mrs. Pallavi
Arvind Parikh |
|
Designation : |
Director |
|
Address : |
333, |
|
Date of Birth/Age : |
19.12.1943 |
|
Date of Appointment : |
05.02.1999 |
|
|
|
|
Name : |
Dr. Michael H
Thiemann |
|
Designation : |
Alternate to Mr.
H Stippel |
|
Address : |
Flat 409/410,
Samudra Mahal Premises CHS Limited, |
|
Date of Birth/Age : |
25.08.1946 |
|
Date of Appointment : |
13.11.2007 |
|
|
|
|
Name : |
Mr. Noshir D
Kamdin |
|
Designation : |
Vice Chairman and
Managing Director |
|
Address : |
C-4, |
|
Election Commission Identity Card No.
: |
MT/42/250/489403 |
|
Date of Birth/Age : |
06.06.1936 |
|
Date of Appointment : |
20.02.1990 |
|
|
|
|
Name : |
Mr. Doraiswamy
Padmanabhan |
|
Designation : |
Managing Director
|
|
Address : |
Row House, H – 2,
|
|
Date of Birth/Age : |
01.01.1946 |
|
Date of Appointment : |
01.06.2004 |
|
|
|
|
Name : |
Mr. Vijaykumar B.
Kanthed |
|
Designation : |
Whole Time
Director |
|
Address : |
Flat No. 1,
Ramkunj, ICS Colony, |
|
Date of Birth/Age : |
18.09.1946 |
|
Date of Appointment : |
09.03.2001 |
|
|
|
|
Name : |
Mr. Malaykumar M
Das |
|
Designation : |
Whole Time
Director |
|
Address : |
Plot No. 14
Sector – A, Vrundavan Co-operative Housing Society Limited, Off |
|
Date of Birth/Age : |
04.12.1950 |
|
Date of Appointment : |
09.03.2001 |
KEY EXECUTIVES
|
Name : |
Mr. Khushroo Jal Dastoor |
|
Designation : |
Company Secretary |
|
Address : |
A 806, |
|
Date of Birth/Age : |
09.06.1955 |
|
Date of Appointment : |
02.03.1998 |
|
Election Commission Identity Card No. : |
MT / 0042 / 0251 / 111484 |
|
|
|
|
Name : |
Mr. Prabhu |
|
Designation : |
Finance Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 15.02.2010
|
Names of Shareholders |
No. of Shares |
|
Buckau Walther GmbH |
535583 |
|
Protos
Engineering Company Private Limited, |
163456 |
|
Shefali N. Kapadia |
10280 |
|
Nandkumar J Girme |
5458 |
|
Jayprakash J
Girme |
5458 |
|
Paharpur Cooling
Towers Limited, |
81532 |
|
Bright Holdings
and Trading Company Private Limited, |
67856 |
|
Mina P Parikh |
2531 |
|
Neeraj A Parikh |
5951 |
|
PBC Ventures Limited, |
23650 |
|
Vikram M Swarup |
2334 |
|
Paharpur Corporation Limited, |
2474 |
|
Wist Trade Private Limited |
5091 |
|
Harshadray Private Limited, |
20196 |
|
Kusumben R Gandhi |
2636 |
|
Mahendra R Gandhi |
7940 |
|
Parag M Shah |
2636 |
|
Pallavi A Parikh |
1667 |
|
Primal N. Kapadia |
3427 |
(AS ON 15.02.2010)
|
Category |
|
Percentage |
|
|
|
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
|
54.73 |
|
Bodies corporate |
|
37.35 |
|
Directors or relatives of directors |
|
5.56 |
|
Other top fifty shareholders |
|
2.36 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturers of Sugar Mill Machinery and Cement Machinery. |
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Products : |
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Exports : |
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Products : |
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Countries : |
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Imports : |
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Products : |
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Countries : |
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Terms : |
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Selling : |
L/C, Cash, Credit: 30/60/90 Days |
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Purchasing : |
L/C, Cash, Credit: 30/60/90 Days |
PRODUCTION STATUS
As on 30.09.2009
|
Particulars |
Licensed
Capacity |
Installed
Capacity |
Actual Production |
|
Sugar mill machinery, specialised conveying equipment, cement plant machinery, dispersion and reaction machines (Supraton), mobile, semi-mobile, portable crushing and screening plants and crushers, screens and feeders, sponge iron plants, machinery and equipments |
12,000 tonnes per annum |
Available to meet licence conditions |
Parts for plants within installed capacity |
|
High speed semi-automatic, fully automatic and continuous centrifugal machines |
160 Nos. |
Available to meet licence conditions |
25 Nos. |
|
Closed system compost plant |
One or more plants upto 300 tonnes/day for Rs. 5.00 million annually within the existing capacity of sugar machinery and calciner plant. |
Available to meet licence conditions |
|
|
Steam tube calciner drier on maximum utilisation of plant and machinery |
Rs. 8.00 million |
Available to meet licence conditions |
|
|
Breweries and malteries |
Rs. 10.00 million within the existing capacity of sugar machinery and calciner plant |
Available to meet licence conditions |
|
|
Bagasse drying machinery and equipments |
300 tonnes per annum within the existing capacity of sugar machinery |
Available to meet licence conditions |
|
|
FBC Boilers (Bubbling bed type and circofl uid type) from 20 TPH to 200 TPH capacities for multi-fuel fi ring |
2500 M.T. per annum within the existing capacity of sugar machinery |
Available to meet licence conditions |
Parts for plants within installed capacity |
|
Fruit Juices Machinery, Alcohol Machinery and Alcoholic Beverages Machinery |
4000 M.T. per annum within the existing capacity of sugar machinery |
Available to meet licence conditions |
Parts for plants within installed capacity |
GENERAL INFORMATION
|
Customers : |
|
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No. of Employees : |
100+ (approximately) |
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|
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|
Bankers : |
·
Bank
of ·
Syndicate
Bank, 10, ·
Bank
of ·
Central
Bank of ·
State
Bank of Tranvacore, 1248/A, ·
Union
Bank of ·
Bank
of Baroda, Jangli Maharaj Road, Opposite Modern High School, Shivajinagar,
Pune – 411004, Maharashtra, India ·
Syndicate
Bank, 1216/A, ·
Deutsche
Bank, Hazarimal Somani Marg, ·
IDBI
Bank ·
State
Bank of Travancore ·
HSBC
Bank ·
Bank
of ·
HDFC
Bank Limited ·
Commerz
Bank ·
ABN Amro
Bank N.V. ·
State
Bank of ·
ICICI
Bank Limited |
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Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Price Waterhouse
and Company Chartered
Accountants |
|
Address : |
|
|
|
|
|
Holding Company: |
|
|
|
|
|
Ultimate Holding
Company: |
|
|
|
|
|
Fellow
Subsidiary : |
|
|
|
|
CAPITAL STRUCTURE
AS ON 30.09.2009
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1000000 |
Equity Shares |
Rs.100/- Each |
Rs.100.000 millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
978650 |
Equity Shares |
Rs.100/- Each |
Rs.97.865
millions |
NOTES
Of the above equity
shares 535,583 shares are held by Buckau Walther GmbH, the Holding Company.
711,422 Equity
Shares have been allotted as fully paid Bonus Shares by way of capitalisation
of General Reserve, Securities Premium Account and Capital Redemption Reserve.
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
30.09.2009 |
30.09.2008 |
30.09.2007 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
97.865 |
97.865 |
73.397 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
2873.935 |
2392.802 |
1874.498 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
2971.800 |
2490.667 |
1947.895 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
776.687 |
1241.129 |
1043.881 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
776.687 |
1241.129 |
1043.881 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
3748.487 |
3731.796 |
2991.776 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
612.231 |
560.825 |
287.160 |
|
|
Capital work-in-progress |
69.200 |
40.616 |
112.340 |
|
|
|
|
|
|
|
|
INVESTMENT |
4.200 |
7.200 |
14.600 |
|
|
DEFERREX TAX ASSETS |
7.050 |
1.696 |
7.305 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
1609.774
|
1286.158
|
1739.082
|
|
|
Sundry Debtors |
3951.081
|
4820.046
|
4099.212
|
|
|
Cash & Bank Balances |
2724.760
|
1749.818
|
1896.823
|
|
|
Other Current Assets |
768.517
|
591.345
|
789.222
|
|
|
Loans & Advances |
2083.394
|
2125.058
|
1964.974
|
|
Total
Current Assets |
11137.526
|
10572.425 |
10489.313 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
2268.061
|
2577.839
|
2696.520 |
|
|
Other Current Liabilities |
3906.710
|
3745.281
|
4665.727
|
|
|
Provisions |
1906.949
|
1127.846
|
556.695
|
|
Total
Current Liabilities |
8081.720
|
7450.966 |
7918.942 |
|
|
Net Current Assets |
3055.806
|
3121.459
|
2570.371
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
3748.487 |
3731.796 |
2991.776 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
30.09.2009 |
30.09.2008 |
30.09.2007 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
8080.430 |
13426.946 |
11478.513 |
|
|
|
Other Income |
283.536 |
143.144 |
302.251 |
|
|
|
TOTAL |
8363.966 |
13570.090 |
11780.764 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
Financial Expenses |
|
|
|
|
|
|
Deprecation |
|
|
|
|
|
|
TOTAL |
7424.602 |
12527.276 |
11036.778 |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
939.364 |
1042.814 |
743.986 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
309.384 |
363.961 |
253.650 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
629.980 |
678.853 |
490.336 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
112.170 |
87.701 |
0.000 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Dividend |
127.225 |
107.652 |
117.436 |
|
|
|
Tax on Dividend |
21.622 |
18.295 |
18.214 |
|
|
|
Transfer to General Reserve |
469.838 |
528.437 |
266.985 |
|
|
BALANCE CARRIED
TO THE B/S |
123.465 |
112.170 |
87.701 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
387.956 |
1410.801 |
2175.945 |
|
|
|
Export Services |
121.571 |
130.745 |
115.315 |
|
|
TOTAL EARNINGS |
509.527 |
1541.546 |
2291.260 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
226.404 |
166.457 |
372.825 |
|
|
|
Components |
309.617 |
1278.248 |
691.822 |
|
|
|
Stores & Spares |
3.279 |
5.244 |
11.225 |
|
|
|
Capital Goods |
1.081 |
69.461 |
5.948 |
|
|
TOTAL IMPORTS |
540.381 |
1519.41 |
1081.820 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
643.72 |
693.66 |
668.06 |
|
KEY RATIOS
|
PARTICULARS |
|
30.09.2009 |
30.09.2008 |
30.09.2007 |
|
PAT / Total Income |
(%) |
7.53
|
5.00 |
4.16 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
11.63
|
7.77 |
6.48 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
7.99
|
9.37 |
6.90 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.32
|
0.42 |
0.38 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
2.99
|
3.49 |
4.60 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.38
|
1.42 |
1.32 |
LOCAL AGENCY FURTHER INFORMATION
The Details of
sundry creditors:
Rs.
In Millions
|
Particulars |
30.09.2009 |
30.09.2008 |
30.09.2007 |
|
Sundry Creditors |
2268.061
|
2577.839
|
2696.520 |
REVIEW OF BUSINESS ENVIRONMENT
Year 2008-09
The year started
with global economic meltdown which led to the liquidity crisis, impacting
business conditions also in
OUTLOOK FOR 2009-10
The Government’s
commitment to revitalize the economy through strong fiscal stimulus package,
investment in infrastructure along with RBI’s monetary policies to boost
liquidity in the country has started showing results. However, the global slow
down is not still over and the effect in
At a time when
many companies have chosen to put on hold their capital expenditure plans in
the back drop of the economic slow down, local power generation companies have
been on their expansion front. The demand for power continues to remain very
high with shortages hitting double digit during peak hours. These projects are
on the assured off take and assured fuel supply agreement at a predetermined
rate. However, there is stiff competition in the power business from
established domestic players and foreign companies. The projects are of large
value and poses challenges of competitive pricing with adequate margins,
project schedules etc. However, the company is well equipped to enash the
business opportunities by participating in tenders of PSUs as well as private
sector projects. The company is also continuing to take concrete steps in the
areas of further cost reduction and improving operational efficiency.
In the backdrop of
this outlook, the company is optimistic of a better performance in the year
2009-10.
A. Turnover (sales
and other income) and Profit
Turnover for the
year 2008-09 stands at Rs.8080.430 million (previous year Rs.13601.928
million). Profit before tax and before exceptional item Rs.805.498 million
(previous year Rs.1042.814 million) and profit before tax and after exceptional
item Rs.939.364 million and post tax profi t at Rs.629.980 million (previous
year Rs.678.853 million).
B. Operations and
Prospects
Orders worth
Rs.10589 million were booked during the year as against Rs.12071 million during
the previous year. Orders on hand as on 1.10.2009 were Rs.17725 million as
against Rs.15652 million as on 1.10.2008.
C. Divisional
Performance
Material Handling
Division
Power generation
scenario in
Coal Handling
Plants will largely contribute to MHE Division’s revenues, even though some
business might come from other core sector such as steel, port and mining. All
critical and major equipment for coal Handling Plant are manufactured by the
company which is the major strength. The company is technically supported by
group companies for larger capacity machines and systems like high speed
conveyors. Company has developed facilities in design and engineering,
manufacturing and execution and hence is in a better position to execute the
project in shorter period.
Recently
Government of India has declared that all future Ultra Mega Power Plants will
be shore based using imported coal. The CHP executed along with TKF for Tanjung
Bin and Jimah in
The company has
received order from Facor Power Limited for the Wagon Tippler System for their
Captive Power Plant at Bhadrak, Orissa, of a value of Rs.115.500 million,
design and engineering of which is in progress.
The company has
also received an order from Neyveli Lignite Corporation Ltd for rejuvenation of
Bucket Wheel Excavator valuing Rs.73.600 million as part of consortium with
ThyssenKrupp Fördertechnik GmbH.
Bankers Charges
Report as per Registry
|
Name of the company |
BUCKAU WOLF INDIA LIMITED |
|
Presented By |
Union Bank of |
|
1) Date and description of instrument creating the change |
Principal
Agreement of hypothecation of good book debts dated 02-04-1992 executed by
the Company in favour of Union Bank of |
|
2) Amount secured by the charge/amount owing on the securities of charge |
Rs.27.500
millions |
|
3) Short particular of the property charged. If the property acquired is subject to charge, date of the acquired of the property should be given |
Stock of raw
materials, consumables, work-in-progress, finished goods, stores and spares
and all book debts/ receivables due and owed to the Company. |
|
4) Gist of the terms and conditions and extent and operation of the charge. |
Charges by way of
hypothecation of assets mentioned in item No. 3 and such assets of the nature
described in item No. 3 as are or may at any time be in the possession or
power of the company to secure a Demand Cash Credit of Rs. 27.500 millions
together with interest @ 21.25% p.a. or at such rates as may be notified to
the Company by the Bank from time to time, with power to the Bank to seize
and realise, subject to the prior charges created in favour of The British
Bank of the Middle East, ANZ Grindlays Sank, Syndicate Sank and Vijaya Bank
vide 3oint Deed of Hypothecation dated 20.11.1989 for Rs. Rs.79.500 millions,
Bank of India vide Deed of Hypothecation dated 15.03.1990 for Rs. Rs.45.000
millions and Central Bank of India vide Deed of Hypothecation dated
06.08.1991 for Rs. 20.000 millions, Syndicate Bank vide Deed of Hypothecation
dated 31-10-91 for Rs. Rs.20.000 millions, particulars of which are already
filed with you, and State Bank of Travancore vide Deed of Hypothecation dated
31.03.1992 for Rs.40.000 millions particulars of which are being filed |
|
5) Name and Address and description of the person entitled to the charge. |
Union Bank of |
|
6) Date and brief description of instrument modifying the charge |
NIL |
|
7) Particulars of modifications specifying the terms and conditions or the extent of operations of the charge in which modification is made and the details of the modification. |
NIL |
|
This form is for |
Modification of
charge |
|
Charge identification
number of the modified |
80012972 |
|
Corporate
identity number of the company |
U74999MH1947PTC005508 |
|
Name of the
company |
THYSSENKRUPP
INDUSTRIES INDIA PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
154C, Mittal
Tower, 15th Floor, 210, Nariman Point, Mumbai-400021, |
|
Type of charge |
Book Debts Others Stocks and Other
movables |
|
Particular of
charge holder |
Bank of Email ID: boipimpri@vsnl.net |
|
Nature of
description of the instrument creating or modifying the charge |
Second
supplemental joint deed of hypothecation ; Second
supplemental working capital consortium agreement |
|
Date of
instrument Creating the charge |
17.01.2008 |
|
Amount secured by
the charge |
Rs.11000.000
millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest As per sanction
letters issued by the banks in the consortium. Terms of
Repayment Fund and non fund
based limits as per sanction letters issued by the banks in the consortium. Margin As per sanction letters
issued by the banks in the consortium Extent and
Operation of the charge To the extent of
fund and non fund based sanctioned limits of the banks in the consortium |
|
Short particulars
of the property charged |
Stock and other
moveable located at various sites of the Company i.e. Pimpri, Pune and
Hyderabad etc. |
|
Date of latest
modification prior to the present modification |
29.09.2006 |
FIXED ASSETS
- Land
- Building
- Plant and Machinery
- Furniture and Fixture
- Office Equipment
- Computer
- Vehicles
AS PER WEBSITE DETAILS:
PROFILE
Subject in
the last five decades has grown to become one of the most trusted names in the
fields of Sugar Plants and Machinery, Open Cast Mining and Bulk Material
Handling Systems, Cement Plants and Machinery and Industrial Boilers and Power
plants. Today with strong foundations and access to world-class technology
TKII’s plantmaking capabilities are helping the industry become competitive
world over.
Subject
strategic vision as an EPC Contractor to execute turnkey projects is derived
from its core strength of integrated engineering expertise and automation in
manufacturing backed by an excellent team of project executives.
The company firmly believes in delivering total
customer satisfaction spanning from concept to commissioning to after sales
service.
Subject highly
competent project management capabilities are a result of its tradition of
anticipating and fulfilling specific customer requirements. A highly qualified
team of engineers and technicians, supported by the most modern IT
infrastructure ensures the brand of quality that ThyssenKrupp is known for
worldwide. The emergence of a true market leader speaks volumes about the
world-class technology inherent in the company's products. The company's nationwide
branch network along with the support of ThyssenKrupp's global establishments
enable it to meet the needs of customers on time.
Milestones:
2007-2008: Golden
Jubilee of ThyssenKrupp Industries
2006: Two orders each for 50 MW Power Plant – EPC – AdityaBirla Group
2004: Cement
plant export order:Gulf Cement Ras Al Khaimah and Al
1994: Machinery and equipment for edible oil plant
1990: Licence Agreement with Deutsche Babcock for CFBC Boliers upto 200 TPH
1988: Establishment
of second manufacturing facility at
1986: Machinery and equipment for sponge iron plant
1981: First order from Coromandel Cement in collaboration with Polysius AG
1978: Development of In-house technology for boilers up to 60 TPH
1976: Bagged first order open cast mining spreader – Neyveli Lignite Corp.
1975: First major
export order for complete sugar plant refinery to
1974: Machinery and equipment for Compost plant for house refuse
1970: Machinery and equipment for Brewery
1968: Machinery and equipment for Calciner plant
1962: Machinery and equipment for complete sugar plant
1957: Construction of workshop building, installation of machinery
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 records exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.22 |
|
|
1 |
Rs.71.97 |
|
Euro |
1 |
Rs.63.23 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--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 |
|
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.