MIRA
INFORM REPORT
|
Report Date : |
31.10.2011 |
IDENTIFICATION DETAILS
|
Name : |
D.B.ENGINEERING PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
81, Jor Bagh, |
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Country : |
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Financials (as
on) : |
31.03.2011 |
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Date of
Incorporation : |
31.12.1986 |
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|
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Com. Reg. No.: |
55-26541 |
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Capital
Investment/ Paid-up Capital: |
Rs. 30.605 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74899DL1986PTC026541 |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
DELD06116F |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
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Line of Business
: |
Manufacturer and Exporter of Industrial Knives and Blades. |
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|
|
No. of
Employees: |
250 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (46) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 500000 |
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|
|
|
Status : |
Satisfactory |
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|
|
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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 – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
LOCATIONS
|
Registered Office : |
81, Jor Bagh, |
|
Tel. No.: |
91-11-24615687/24643581 |
|
Fax No.: |
91-11-24628275 |
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E-Mail : |
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|
|
|
Corporate Office : |
A-119, Okhla Industrial Area, Phase – II, |
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Tel. No.: |
91-11-26386454/ 41616454 |
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Fax No.: |
91-11-26846453 |
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E-Mail : |
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Websites: |
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|
Area : |
40000 sq. ft. |
|
Location : |
Industrial |
|
|
|
|
Factory 1 : |
A – 32, Sector 64, Noida – 201301, |
|
Tel. No.: |
91-120-2402363/ 2250074 |
|
Fax No.: |
91-120-2402362 |
|
|
|
|
Factory 2 : |
C - 27, Sector - 59, Noida-201301, |
|
Tel. No.: |
91-120-2580585/
2583462 |
DIRECTORS
As on 21.09.2011
|
Name : |
Mr. Ramesh Beri |
|
Designation : |
Director |
|
Address : |
81, Jor Bagh, |
|
Date of Birth/Age : |
21.01.1942 |
|
Date of Appointment : |
31.12.1986 |
|
DIN No: |
00020906 |
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|
|
|
Name : |
Mr. Atul Beri |
|
Designation : |
Director |
|
Address : |
81, Jor Bagh, |
|
Date of Birth/Age : |
29.08.1963 |
|
Date of Appointment : |
31.12.1986 |
|
DIN No: |
00020922 |
Other Directorship:
|
S.No. |
CIN |
Name of the Company |
Current designation
of the director |
Date of appointment
at current designation |
Original date of
appointment |
Date of cessation |
Company Status |
Defaulting status |
|
1 |
U74899DL1986PTC026541 |
D B Engineering Private Limited |
Director |
31-12-86 |
31-12-86 |
- |
Active |
NO |
|
2 |
U52300DL2011PTC214087 |
IE Trading Company Private Limited |
Director |
14-02-11 |
14-02-11 |
- |
Active |
NO |
|
Name : |
Mr. Deepak Beri |
|
Designation : |
Director |
|
Address : |
81, Jor Bagh, |
|
Date of Birth/Age : |
14.06.1960 |
|
Date of Appointment : |
31.12.1986 |
|
DIN No: |
00020896 |
Other Directorship:
|
S.No. |
CIN |
Name of the Company |
Current designation
of the director |
Date of appointment
at current designation |
Original date of
appointment |
Date of cessation |
Company Status |
Defaulting status |
|
1 |
U74899DL1986PTC026541 |
D B Engineering Private Limited |
Director |
01-01-02 |
01-01-02 |
- |
Active |
NO |
|
2 |
U13209DL2000PTC106367 |
Ramya Tools And Knives Private Limited |
Director |
30-07-10 |
30-07-10 |
- |
Strike off |
NO |
|
3 |
U52300DL2011PTC214087 |
IE Trading Company Private Limited |
Director |
14-02-11 |
14-02-11 |
- |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 21.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Ramesh Beri |
|
3400 |
|
Atul Beri |
|
18733 |
|
Deepak Beri |
|
15333 |
|
Karan Beri |
|
2900 |
|
Surender Kumar Beri |
|
20334 |
|
Rekha Beri |
|
500 |
|
Anuja Beri |
|
5 |
|
Nandita Beri |
|
5 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2011
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Industrial Knives and Blades. |
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|
Products : |
|
GENERAL INFORMATION
|
No. of Employees : |
250 (Approximately) |
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Bankers : |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
|
|
Name : |
S C Verma and Company Chartered Accountants |
|
Address : |
A-60, NDSE Part – I, |
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Tel. No.: |
91-11-24648247 / 24649845/ 24638170 |
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Fax No.: |
91-11-24649330 |
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E-Mail : |
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PAN No: |
AACFS1889H |
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Associate Concern/ Companies : |
· D. B. Engineering Company · S K Beri and Brothers |
CAPITAL STRUCTURE
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Shares |
Rs. 100/- each |
Rs. 50.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
306050 |
Equity Shares |
Rs. 100/-
each |
Rs. 30.605
Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
30.605 |
30.605 |
6.121 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
106.114 |
90.277 |
104.246 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
136.719 |
120.882 |
110.367 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
137.257 |
77.804 |
64.753 |
|
|
2] Unsecured Loans |
28.600 |
16.000 |
2.200 |
|
|
TOTAL BORROWING |
165.857 |
93.804 |
66.953 |
|
|
DEFERRED TAX LIABILITIES |
9.780 |
11.795 |
12.179 |
|
|
|
|
|
|
|
|
TOTAL |
312.356 |
226.481 |
189.499 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
227.703 |
187.402 |
130.586 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
153.241
|
72.424 |
45.992 |
|
|
Sundry Debtors |
94.029
|
84.851 |
90.590 |
|
|
Cash & Bank Balances |
14.784
|
28.215 |
43.066 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
38.670
|
35.089 |
27.241 |
|
Total
Current Assets |
300.724
|
220.579 |
206.889 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
184.293
|
162.797 |
132.413 |
|
|
Other Current Liabilities |
28.739
|
16.609 |
13.764 |
|
|
Provisions |
3.039
|
2.166 |
1.943 |
|
Total
Current Liabilities |
216.071
|
181.572 |
148.120 |
|
|
Net Current Assets |
84.653
|
39.007 |
58.769 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.072 |
0.144 |
|
|
|
|
|
|
|
|
TOTAL |
312.356 |
226.481 |
189.499 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
551.633 |
399.095 |
535.781 |
|
|
|
Other Income |
3.616 |
10.123 |
7.276 |
|
|
|
TOTAL |
555.249 |
409.218 |
543.057 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods Sold |
450.904 |
300.255 |
391.552 |
|
|
|
Operative and Administrative |
111.790 |
82.716 |
95.682 |
|
|
|
Increase/ (Decrease) in Stocks |
(49.220) |
(8.282) |
12.157 |
|
|
|
TOTAL |
513.474 |
374.689 |
499.391 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
41.775 |
34.529 |
43.666 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
18.480 |
17.199 |
16.186 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
23.295 |
17.330 |
27.480 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
7.459 |
6.816 |
17.603 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
15.836 |
10.514 |
9.877 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
82.134 |
101.619 |
91.742 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
97.970 |
112.133 |
101.619 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
FOB Value |
300.874 |
211.619 |
330.893 |
|
|
TOTAL EARNINGS |
300.874 |
211.619 |
330.893 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
92.550 |
54.820 |
71.731 |
|
|
|
Components and Spare Parts |
0.273 |
0.735 |
1.358 |
|
|
|
Capital Goods |
21.744 |
3.082 |
12.518 |
|
|
TOTAL IMPORTS |
114.567 |
58.637 |
85.607 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
51.75 |
34.36 |
161.37 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
2.85
|
2.56 |
1.81 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
4.22
|
4.34 |
5.12 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.40
|
4.24 |
8.14 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.17
|
0.14 |
0.24 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
2.79
|
2.27 |
1.94 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.39
|
1.21 |
1.39 |
LOCAL AGENCY FURTHER INFORMATION
Bankers Charges
Report as per Registry
|
Corporate
identity number of the company |
U74899DL1986PTC026541 |
|
Name of the
company |
D B ENGINEERING
PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
81, Jor Bagh, Email: sales@skberi.com |
|
This form is for |
Modification of
charge |
|
Charge
identification number of the modified |
80001017 |
|
Type of charge |
|
|
Particular of
charge holder |
Canara Bank, Okhla Industrial Estate, Email: akandco@hotmail.com |
|
Nature of
description of the instrument creating or modifying the charge |
Supplemental Collateral
Security Agreement dated 22.01.2011 |
|
Date of
instrument Creating the charge |
22.01.2011 |
|
Amount secured by
the charge |
Rs. 35.000
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest As per Agreement Terms of Repayment Payable on
Demand Margin As per Agreed
Terms and Conditions Extent and Operation of the charge 100% Others The above is to
secure FLC (DA/DP) Limit of Rs. 35.000 Millions granted to the company
together with interest, costs, expenses and other charges etc. |
|
Short particulars
of the property charged |
Hypothecation of
all goods and commodities such as Raw Materials, Goods in Process of
manufacture and all finished goods and articles together with all stores and
spares and components belong to the borrower which are or shall or may be
brought into or borrower's Godown, premises at C-27, Sector-59, Noida and
F-61, Sector-11, Noida or wherever else the same may be situated, stored or
lying. Hypothecation of all plant, machinery, tools, accessories and motor
vehicles already purchased/to be purchased and stored at C-27, Sector-59,
Noida and F-61, Sector-11, Noida, Plot no. A-32, |
|
Particulars of
the present modification |
The Charge over Stock,
Book Debts, Plant and Machinery and Immovable Properties of the company at
B-01, Sector-68, Phase-III, Noida, F-61, Sector-II, Noida, C-27, Sector-59,
Noida and A-32, Sector-64, Noida has been enhanced to secure FLC (DA/DP)
Limit of Rs. 35.000 Millions which is
enhanced from Rs. 20.000 Millions Other Terms and conditions remain the same |
Contingent
Liabilities exists in respect of:
(Rs. in Millions)
|
Particulars |
2011 |
2010 |
|
On capital account and provided for |
20.471 |
0.000 |
|
Other money for which the company is contingent liable |
94.202 |
63.258 |
Fixed Assets:
- Land
- Building
- Building under Construction
- Plant and Machinery
- Computers
- Furniture, Fittings and Fixtures
- Vehicles
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. 48.82 |
|
|
1 |
Rs. 78.56 |
|
Euro |
1 |
Rs. 69.28 |
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 |
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 |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
ES |
|
TOTAL |
|
46 |
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.