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Report Date : |
20.02.2013 |
IDENTIFICATION DETAILS
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Correct Name : |
D B ENGINEERING PRIVATE LIMITED |
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Registered Office : |
81, Jor Bagh, |
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Country : |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
31.12.1986 |
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Com. Reg. No.: |
55-026541 |
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CIN No.: [Company
Identification No.] |
U74899DL1986PTC026541 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
DELD06116F |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Manufacturers and Exporters of Industrial Knives, Blades and Tooling |
RATING & COMMENTS
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MIRA’s Rating : |
A |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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 |
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Maximum Credit Limit : |
USD 325308 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a well established company having fine track. Directors are reported as experienced, respectable and resourceful businessmen. Their trade relations are fair. Financial position is satisfactory. Payments are correct and as per commitment. The company can be considered good for normal business dealings at usual trade terms and conditions. |
LOCATIONS
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Registered Office : |
81, Jor Bagh, |
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Tel. No.: |
91-11-24615687/24643581 |
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Fax No.: |
91-11-24628275 |
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E-Mail : |
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Website : |
http://www.skberi.com
(Group Company’s Web Site) |
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Corporate Office/ Factory : |
A-119, Okhla Industrial Area, Phase – II, |
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Tel. No.: |
91-11-26385027/26384462/26385177/26386454/ 41616454 |
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Mobile No. : |
91-9810052548 |
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Fax No.: |
91-11-26846453/24628275 |
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E-Mail : |
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Area : |
40000 sq. ft. |
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Location : |
Industrial |
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Factory 1 : |
v
A – 32, Sector 64, Noida – 201301, v
C - 27, Sector - 59, Noida-201301, Phone : 91-120-2580585/
2583462 |
DIRECTORS
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Name : |
Mr. Ramesh Beri |
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Designation : |
Director |
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Address : |
81, Jor Bagh, |
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Date of Birth : |
21.01.1942 |
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Date of Appointment : |
31.12.1986 |
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Name : |
Mr. Atul Beri |
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Designation : |
Director |
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Address : |
81, Jor Bagh, |
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Date of Birth : |
29.08.1963 |
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Date of Appointment : |
31.12.1986 |
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Name : |
Mr. Deepak Beri |
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Designation : |
Director |
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Address : |
81, Jor Bagh, |
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Date of Birth/Age : |
14.06.1960 |
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Date of Appointment : |
01.01.2002 |
KEY EXECUTIVES
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Name : |
RMG & Associates |
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Designation : |
Company Secretary |
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Address : |
207, Suchet Chambers, |
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Tel. No.: |
91-11-41450970 |
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E-Mail : |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
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Names of Shareholders |
No. of Shares |
Percentage of
Holding |
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As on 31.03.2006 |
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Mr. Ramesh Beri |
3400 |
11.25 |
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Mr. Atul Beri |
8400 |
27.80 |
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Mr. Deepak Beri |
5000 |
16.55 |
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Mr. Karan Beri |
2900 |
9.60 |
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Mr. Surender Kumar Beri |
10000 |
33.10 |
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Ms. Rekha Beri |
500 |
1.66 |
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Ms. Anuja Beri |
5 |
0.02 |
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Ms. Nandita Beri |
5 |
0.02 |
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TOTAL |
30210 |
100.00 |
Equity Shares Breakup (Percentage of Total Equity):
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Sr No. |
Category |
Percentage |
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1 |
Directors or relative of directors |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturers and Exporters of Industrial Knives, Blades
and Tooling |
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Products : |
v
HR and
CR slitting cutters v
Slitting
Pacers v
Over
arm Pacers and Separator v
Rolling
Mill Rolls Plastic Packaging v Cutting sealing blade, perforation knives, packaging blade. v Blade for all types of material, polythene, polyurethane, bops, single layer, multiple layer, aluminum foil etc. v Blade for flexible packing, pouch making, perforation v Suitable grade alloy steel with suitable heat treatment v Perfectly flat and sharp edges.
Paper Conversion v Top, bottom slitter, re winders, scoring knives, micro perforation wheels v Pneumatic holders and knife assemblies for high speed slitting v Perforation blades, serrated blades, saw toothed cutter and blades v Sheet cutter, roll splitters, perforation blades. v Available in wide selection of high grade alloy steel v Blade for continuous stationary with and without perforation v Special type and sizes of blades available on request v Precision ground on latest machines for high quality conversion. Granulators v Large range of granulator and palletising blades v Suitable for granulating, palletising and dicing of plastics or man made fiber. v Different grade of alloy steels to fit customer requirements v Blades to high precision as per O.E. Standards v State of the art heat treatment. v Correct balance of shock and wear resistance v Grinding and dimensional accuracies for high speed operations. Rolls For Sizing, Forming, Finpass Welding, Turkhead, Flattering, Straightening. v Suitable for mild steel, stainless steel, copper, aluminum tubes & sections. v Up to 8" NB & OD series pipes v Section forming rolls. v EDM template & CNC machine profiling v High wear resistance v Optimum toughness to withstand arduous duty v Ultrasonically tested v Mirror surface finish & precision profiles v High speed mills application up to 250m/min. v High productivity & minimum profile regrinding v Reconditioning of used rolls. Cut To Length Blades End Shearing Blades Metal Shearing Cutters v Made from tool steels & special alloy steels v Bur free slitting & shearing v High productivity v Uniform knife wear v Optimum hardness & toughness v Quality heat treated v Perfectly engineered for dimensional stability Horizontal & Vertical Tube Blades & COC Blades v Made From High Quality High Speed Steel & Special Steels. v Ensured Blade Flatness With Guaranteed Precision In Operation v Superior Wear Resistance v Dimple Free Cutting v Precision Machining v Blades To Customer Specification v Precisely Ground Tooth Profiles. v Minimal Metal Loss. Top & Bottom Slitter Knives With Complete Knife Assemblies v In a host of varieties, shapes & sizes for unmatched cutting efficiency v Compatible with most popular re winder and sheet cutting machines v Heavy duty operation. v Numerous sizes & Shapes for all types of paper slitting v Made from selected tool & Alloy steels. v Through hardened for optimum wear resistance. v Variety available to suit most Indian and Imported slitter machines v Long life between regrinding v Suits all varieties of paper including writing, insulation, copier, cigarette, soft, tissue, specially, coated, uncoated &duplex boards. v Engineered for dimensional stability & precision tolerances v Wood Chipper Knives v Re chipper Knives v Bamboo Chipper Knives v Straw Cutter Knives v Rag Cutter Knives v Beater Bars v Manufactured from selected materials and quality heat treated to ensure best performance from knives. Multiple Block Knives for Paper Slitting & Rewinding v Sizes upto 520 mm diameter with zero runout v Fine pitch upto 2 mm v Single cutting edge and double cutting edge v Cutting edges ground on teeth grinding SPM v Made from best quality steels v Dynamically balanced for high speed slitting. v Suitable for paper speeds upto 2500 m/min. Simplex / Duplex Sheet Cutter Knives v Upto 4400 mm length in all sizes and sections. v Perfectly sharp, honed and straight cutting edges. v Alloy steel tipped, fully alloy steel & HSS inlaid varieties v Compatible with high speed sheet cutting. v Machines upto 300 strokes per minute. Import substitution v Longer life between regrinding. Combined Iron & Steel Guillotine & Trimmer Knives. High Speed
Steel Inlaid Guillotine & Trimmer Knives v Super grained TCT inlaid Guillotine & Trimmer knives. v Unmatched sharpness and fine finish v High wear resistance. v
Unmatched performance Pneumatic Individual Knife Holders, Crush Cut Knife Holders, Shear Cut
Knife Holders, Spring Loaded Knife Holders, Knife Holder Assemblies v Single source for all kinds of knives in paper mill. Guillotine Shears v Upto 4400 mm long in single segments. v Cutting capacity upto 32 mm thick material. v Made from AISI D3, D2, S1, S2, S5 and special alloy steels v High wear resistance and shear strength v Close tolerances, high thickness and width parallelism v Easy fitment due to close center distance tolerances v Sharp edges and superior surface finish v O.E.M suppliers to major machine manufacturers. v Technical backup and advisory services, for blade selection. Hot Crop Shears & Scarp Shears Billet & Bloom Shears Flying
Shears v Made from AISI H10, H11, H13, H21 and special alloy steels. v Stringent metallurgical control · Special heat treatment & high temperature tempering. v Blade hardness retention upto cutting temperature of 1000 C v High dimensional & Edge retention at high temperatures. Crop Shears For Angles, Channels,T Sections, Beams,Rounds, Square
& Other Sections. Billet Shears For Forging & Rolling Mills Notching & Punching
Tools Scrap Choppers & Recycling Blades v Precise geometry of cutting edge v Perfect matching sets for interchangeability v Made of specially selected alloy steels. v Special heat treatment & metallurgical control. Wide v Single tool upto 4000 mm long or in matching interchangeable segments for easy handling. v Wide variety of tooling for various profiles v Induction hardened with soft core for better resilience v High resistance to wear · Precision ground profiles & sections v
Accurate & repeated profile geometry. |
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Exports : |
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Products : |
All Products |
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Countries : |
Europe, |
GENERAL INFORMATION
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No. of Employees : |
About 250 |
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Bankers : |
v
Canara Bank, Okhla Industrial Estate, v Oriental Bank of Commerce v Citi Bank v HDFC Bank |
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Banking
Relations : |
Satisfactory |
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Auditors : |
S C Verma and Company Chartered Accountants |
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Address : |
A-60, NDSE Part – I, |
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Tel. No.: |
91-11-24648247 / 24649845 |
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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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Group Companies : |
· S K Beri and Brothers ·
S K Beri Private Limited |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
|
100000 |
Equity shares |
Rs. 100/- each |
Rs. 10.000 millions |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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51210 |
Equity shares |
Rs. 100/-
each |
Rs. 5.121
millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
31.03.2007 |
31.03.2006 |
31.03.2005 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
5.121 |
5.121 |
5.121 |
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2] Share Application Money |
1.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
86.692 |
76.206 |
66.495 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
92.813 |
81.327 |
71.616 |
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LOAN FUNDS |
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1] Secured Loans |
36.174 |
44.648 |
38.074 |
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2] Unsecured Loans |
0.000 |
0.954 |
1.473 |
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TOTAL BORROWING |
36.174 |
45.602 |
39.547 |
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DEFERRED TAX LIABILITIES |
5.301 |
5.347 |
5.882 |
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TOTAL |
134.288 |
132.276 |
117.045 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
98.172 |
84.763 |
72.433 |
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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INVESTMENT |
0.000 |
0.000 |
0.000 |
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DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
56.581
|
26.751
|
50.065 |
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Sundry Debtors |
71.395
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89.684
|
71.536 |
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Cash & Bank Balances |
26.148
|
16.212
|
7.167 |
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Other Current Assets |
0.811
|
1.551
|
3.275 |
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Loans & Advances |
11.799
|
12.979
|
11.478 |
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Total
Current Assets |
166.734
|
147.177
|
143.521 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Current Liabilities |
129.399
|
99.095
|
98.268 |
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Provisions |
1.507
|
0.569
|
0.641 |
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Total
Current Liabilities |
130.906
|
99.664
|
98.909 |
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Net Current Assets |
35.828
|
47.513
|
44.612 |
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MISCELLANEOUS EXPENSES |
0.288 |
0.000 |
0.000 |
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TOTAL |
134.288 |
132.276 |
117.045 |
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PROFIT & LOSS
ACCOUNT
|
PARTICULARS |
31.03.2007 |
31.03.2006 |
31.03.2005 |
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Sales Turnover |
363.157 |
332.229 |
242.721 |
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Other Income |
4.495 |
2.499 |
8.127 |
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Total Income |
367.652 |
334.728 |
251.848 |
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Profit/(Loss) Before Tax |
17.179 |
14.650 |
13.357 |
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Provision for Taxation |
6.694 |
4.939 |
8.707 |
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Profit/(Loss) After Tax |
10.485 |
9.711 |
4.650 |
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Total Earnings |
202.166 |
205.954 |
149.557 |
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Imports : |
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Raw Materials |
57.458 |
37.554 |
44.916 |
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Stores & Spares |
0.026 |
0.184 |
0.500 |
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Capital Goods |
8.472 |
11.683 |
2.691 |
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Total Imports |
65.956 |
49.421 |
48.107 |
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Expenditures : |
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Change in Stock |
16.816 |
(6.012) |
15.161 |
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Financial Charges |
5.677 |
5.460 |
4.375 |
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Depreciation |
12.360 |
10.609 |
9.719 |
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Other Expenditure |
314.399 |
287.940 |
210.303 |
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Total Expenditure |
349.252 |
297.997 |
239.558 |
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KEY RATIOS
|
PARTICULARS |
|
31.03.2007 |
31.03.2006 |
31.03.2005 |
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PAT / Total Income |
(%) |
2.85
|
2.90
|
1.85 |
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Net Profit Margin (PBT/Sales) |
(%) |
4.73
|
4.38
|
5.30 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
6.48
|
6.32
|
6.18 |
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Return on Investment (ROI) (PBT/Networth) |
|
0.18
|
0.18
|
0.19 |
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Debt Equity Ratio (Total Liability/Networth) |
|
1.80
|
1.78
|
1.93 |
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Current Ratio (Current Asset/Current Liability) |
|
1.27
|
0.45
|
0.39 |
LOCAL AGENCY FURTHER INFORMATION
Form 8
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Corporation identity number or foreign company registrations number of the company |
U74899DL1986PTC026541 |
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Name of the company |
D. B. ENGINEERING
PRIVATE LIMITED |
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Address |
81, Jor Bagh, |
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This Form is for |
Modification of charge |
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Type of Charges |
Hypothecation |
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Particular of the charge holder |
Canara Bank Okhla
Industrial Estate, E-mail : sjatech@touchtelindia.net |
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Amount Secure by the charge |
Rs. 2.000 millions |
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Brief of the principal terms and conditions and extent and operation of the charge |
The above is to secure FDB / FBE limit of 2.000 millions with interest as specified by the bank from time to time. The above is to secure FDB / FBE limit of 2.000 millions with interest as specified by the bank from time to time |
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Description of the property charge whether it is a charge on |
Plant and machinery |
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Brief description of the instrument modifying the charge |
Supplemental collateral security agreement and letter evidencing deposit of title deeds [3 No.] |
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Date of instrument modifying the charge |
19.08.2006 |
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Particulars of the Property charged |
Plant and machinery as per annexure to deed of hypothecation of machinery dated 15th February, 1995 and installed at F – 61, Sector – XI, Noida [Uttar Pradesh] and A- 119, Okhla Industrial Area, Phase – II, New Delhi or lying at any other place wheresoever |
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Particulars of the present modification |
FDB / E limit stands enhanced from Rs. 25 millions to Rs. 35 millions is collateral secured by P & Mach & Property at Plot No. 32, Block – A, Sec – 84, Plot No. 27, Block – C, Sec – 59, Plot No. 61, Block – F, Sec – 11, Noida, Uttar Pradesh |
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Name of the
company |
D. B. Engineering Private Limited |
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Presented By |
Canara
Bank |
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1) Date and description of instrument creating the change |
Hypothecation Agreement for packing credit Advances dated 15.02.1995 |
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2) Amount secured by the charge/amount owing on the securities of charge |
Rs. 1.500 millions |
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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 |
Hyp. of stock of raw materials, semi finished and finished
goods in the manufacture of including knives or special knives and all other
goods and commodities which belong to the company and that may be stored at
Plot No. F – 61, Sector XI, Noida [Uttar Pradesh], or at Plot No. A – 119,
Okhla Industrial Area, Phase – II, |
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4) Gist of the terms and conditions and extent and operation of the charge. |
Interest to be charged @ 25% inclusive of penal interest or subject to change in the rate of interest as may be advised by RBI / Bank from time to time |
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5) Name and Address and description of the person entitled to the charge. |
Canara
Bank, Okhla Industrial Estate, |
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6) Date and brief description of instrument modifying the charge |
Agreement regarding collateral security: Machinery dated 15.02.1995. agreement to hypothecation of book debts dated 15.02.1995 |
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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. |
All the machineries as described in scheduled A t the agreement and all book debts, outstanding, moneys receivable, etc. have been taken as collateral security for packing credit limit of Rs. 1.500 millions. |
OTHER INFORMATION:
Business:
To carry on business of iron and steel founders, steel melters, steel
makers, steel shapers and manufacturers, mechanical, civil, electrical and general
engineers and fabricators, contractors, tool makers, brass founders, metal
workers, manufacturers of steel, metal and malleable grey, casting including
ferrous, non-ferrous, special and alloy steel, spring steel, forging quality
processors of all types of forged components and accessories alloys, nuts,
bolts, steel rounds nails, tools all types of hardware items, plate makers,
wire drawers, tube manufacturers, galvanizers, jappaners, re-rollers,
annealors, enamellers and electroplaters and to buy, take on lease or hire,
sell, import, export, manufacture, process, repair convert, let on hire
otherwise deal in such products their raw materials, stores, packing materials,
by products and allied commodities, machineries, rolling stock, implements,
tools, utensils and ground tools materials and to carry on the said business in
all or any of its branches.
To set up steel furnaces and continuous casting and rolling mill plant
for producing steel and alloys ingots, steel and alloy steel billets and all
kinds and sizes of re-rolled sections, i.e. flats, angles, rounds, T-Iron
aquares, hexagons, octagons, nails jolata, channels, steel strips, sheets,
plates, deformed bars, plain and cold twisted bars, bright bars, shafting and
steel structural.
PROFILE
Subject is a professionally managed organization that
has rooted itself firmly with its quality products and exclusive services. The
inception of the group in 1951 was based on firm principles of quality
consciousness, attention to minute details combined with cost-effectiveness. At
D.B. Engineering, they offer a vast range of products for use in the Metal,
Paper, Printing and Packaging, Plastic, Wood, Rubber and Allied industries.
They take pride in being not just manufacturers but "Solution Providers".
Atlas Knives-the hallmark of excellence in industrial knives is the premier
product of the company. Their Atlas industrial knives and blades enjoy the
reputation of being "The complete cutting solution" world-wide and
are accepted in over 60 countries across the World for their quality and superb
performance. Delivered at the right price and at the right time, their products
have earned an indubitable reputation for them that has grown steadily over the
years ensuring 50 years of undisputed leadership, excellence and appreciation.
Quality assurance
Quality has always
been a priority with them since the very beginning. They are driven by the
motive of developing highest quality product with least turn-around time and
good price performance ratio, thereby creating exceptional value for their
customers. Their products are prepared out of the best quality raw materials.
At D. B. Engineering Private Limited, quality of the manufactured products is
ensured by various quality measures to which the products are subjected in the
technically upgraded laboratory under the supervision of designated quality
control personnel. The company is also equipped for complete material testing
facilities.
NEW PRODUCTS
Atlas Cryo
Atlas
Cryo-cryogenic treatment by makers of Atlas knives
Cryogenics is the
method of ultra low temperature processing of materials to enhance their
metallurgical properties. This process involves cooling the tools, knives and
blades to Temperature as low as - 196° C to or 310°F in precise computer controlled
programmed cycles, keeping the material at low temperature for a specified time
and then getting them back to room temperature in a controlled fashion.
Atlas Ultra
To cater to the
demands of the paper and pulp industry, the company has introduced futuristic
ultra grade knives with praiseworthy attributes like high speed, high precision
cutting, accurate sizing, minimum down time and long trouble free life. These
new generation knives use high alloys, latest heat treatment techniques, sharp
cuttings, close tolerances and numerous other impressive features.
Atlas ultra knives
are guaranteed for trouble free and flawless operation.
Tungsten Carbide
Atlas Tungsten
carbide knives for paper industry
They are preferred
over other knives in Modern paper industry due the fact that Tungsten Carbide
is a highly wear resistant material and is very stable which means that
Tungsten Carbide knives have a very long life time.
Powder Metallurgy knives
(Atlas Ultra series
2000 and Atlas Future knives)
Powder Metallurgy
knives are phenomenon for Advanced Knife technology. Subject is the first
company to introduce powder metallurgy knives in
PRODUCTION FACILITIES
Their production
facilities in
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist organization
or whom notice had been received that all financial transactions involving
their assets have been blocked or convicted, found guilty or against whom a
judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on Corporate
Governance to identify management and governance. These factors often have been
predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 50.03 |
|
|
1 |
Rs. 74.42 |
|
Euro |
1 |
Rs. 62.71 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
54 |
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 |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average/normal. |
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 |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.