|
Report Date : |
04.01.2013 |
IDENTIFICATION DETAILS
|
Name : |
BEACON ELEVATOR COMPANY PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
B-38-D, Sidharth Extension, New Delhi -110014 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
19.04.1994 |
|
|
|
|
Com. Reg. No.: |
55-058470 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 0.100 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74899DL1994PTC058470 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELB05527E |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
The company engaged in the business of elevators. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (43) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 8000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record.
Trade relations are reported as fair. Business is active. Payments are
reported to be usually correct and as per commitment. 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 – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
India is developing into an open-market economy, yet traces
of its past autarkic policies remain. Economic liberalization, including industrial
deregulation, privatization of state-owned enterprises, and reduced controls on
foreign trade and investment, began in the early 1990s and has served to
accelerate the country's growth, which has averaged more than 7% per year since
1997. India's diverse economy encompasses traditional village farming, modern
agriculture, handicrafts, a wide range of modern industries, and a multitude of
services. Slightly more than half of the work force is in agriculture, but
services are the major source of economic growth, accounting for more than half
of India's output, with only one-third of its labor force. India has
capitalized on its large educated English-speaking population to become a major
exporter of information technology services and software workers. In 2010, the
Indian economy rebounded robustly from the global financial crisis - in large
part because of strong domestic demand - and growth exceeded 8% year-on-year in
real terms. However, India's economic growth in 2011 slowed because of persistently
high inflation and interest rates and little progress on economic reforms. High
international crude prices have exacerbated the government's fuel subsidy
expenditures contributing to a higher fiscal deficit, and a worsening current
account deficit. Little economic reform took place in 2011 largely due to
corruption scandals that have slowed legislative work. India's medium-term
growth outlook is positive due to a young population and corresponding low
dependency ratio, healthy savings and investment rates, and increasing
integration into the global economy. India has many long-term challenges that
it has not yet fully addressed, including widespread poverty, inadequate
physical and social infrastructure, limited non-agricultural employment
opportunities, scarce access to quality basic and higher education, and
accommodating rural-to-urban migration.
|
Source
: CIA |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
LOCATIONS
|
Registered Office : |
B-38-D, Sidharth Extension, New Delhi -110014, India |
|
Tel. No.: |
91-11-2634 9490, 2634 5886 |
|
Mobile No.: |
91-9810131496, 9810115960, 9810195250, 8800499260 |
|
Fax No.: |
91-11-2634 2112 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Branch office : |
# 1, Leela Resort, Nahan road, Kumarhatti, District Solan, |
DIRECTORS
AS ON 28.09.2012
|
Name : |
Mr. Rajendra Kumar Dhingra |
|
Designation : |
Director |
|
Address : |
B-38D, Sidhartha Extension, New Delhi – 110014, India |
|
Date of Birth/Age : |
04.08.1946 |
|
Date of Appointment : |
19.04.1994 |
|
DIN No.: |
00994934 |
|
|
|
|
Name : |
Ms. Meena Dhingra |
|
Designation : |
Director |
|
Address : |
B-38D, Sidhartha Extension, New Delhi – 110014, India |
|
Date of Birth/Age : |
16.04.1954 |
|
Date of Appointment : |
19.04.1994 |
|
DIN No.: |
01269611 |
|
|
|
|
Name : |
Mr. Shiraz Dhingra |
|
Designation : |
Director |
|
Address : |
B-38D, Sidhartha Extension, New Delhi – 110014, India |
|
Date of Birth/Age : |
04.01.1975 |
|
Date of Appointment : |
01.12.2000 |
|
DIN No.: |
00994998 |
|
Name : |
Mr. Pankaj Arora |
|
Designation : |
Director |
|
Address : |
B-38D, Sidhartha Extension, New Delhi – 110014, India |
|
Date of Birth/Age : |
06.10.1972 |
|
Date of Appointment : |
01.12.2000 |
|
DIN No.: |
01160731 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name of the
Company/ LLP |
Current designation
of the Director/ Designated Partner |
Date of
appointment at current designation |
Original date of
appointment |
Date of
cessation |
Company/ LLP
Status |
Defaulting
status |
|
1 |
U74899DL1994PTC058470 |
BEACON ELEVATOR COMPANY
PRIVATE LIMITED |
Director |
01/12/2000 |
01/12/2000 |
- |
Active |
NO |
|
2 |
U29253DL2010PTC209413 |
RPMS ECO
ENGINEERS PRIVATE LIMITED |
Director |
18/10/2010 |
18/10/2010 |
- |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 28.09.2012
|
Names of Shareholders |
No. of Shares |
|
Rajinder Kumar Dhingra |
500 |
|
Meena Dhingra |
500 |
|
|
|
|
TOTAL
|
1000 |
AS ON 28.09.2012
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Directors or relatives of Directors |
100.00 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The company engaged in the business of elevators. |
|
|
|
|
Products : |
·
Passenger Elevators ·
Freight Elevators ·
Automobile Elevators ·
Hospital Elevators ·
A Capsule Elevators ·
Dumb Waiters ·
Escalators |
GENERAL INFORMATION
|
Customers : |
·
ACE Hardware (Private) Limited ·
Aditya Dispomed Products (Private) Limited ·
Ahuja Radios ·
Akshay Apparels ·
Alpha Toyo Limited ·
Amsoft Systems (Private) Limited ·
Anmol Publications (Private) Limited ·
Antak Agencies International ·
Aqatec Electricals Limited ·
Army Printing Press, ·
Artmets Health Science ·
Aryan Coal Benefications Limited ·
Ashu Traders (Private)_Limited ·
Asian Paper Converters ·
Astra Builders Limited ·
Autofit (Private) Limited ·
Aval Fashion House ·
AXA Parentersals Limited ·
B.G Creation (Private) Limited ·
B.V.P.K. Hotels Limited |
|
|
|
|
No. of Employees : |
Not Available |
|
|
|
|
Bankers : |
Not Available |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
KL and Company Chartered Accountant |
|
Address : |
12, Pocket – II, Jasola, New Delhi – 110025, India |
|
PAN No.: |
AAJFK5642F |
|
Email : |
|
|
Website : |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000 |
Equity Shares |
Rs.100/- each |
Rs. 0.100 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000 |
Equity Shares |
Rs.100/-
each |
Rs. 0.100
Million |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
0.100 |
0.100 |
0.100 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
2.133 |
1.961 |
1.120 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
2.233 |
2.061 |
1.220 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
1.806 |
0.193 |
0.059 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.769 |
|
|
TOTAL BORROWING |
1.806 |
0.193 |
0.828 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.015 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
4.039 |
2.269 |
0.248 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
3.815 |
1.696 |
2.783 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.035 |
0.000 |
0.072 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
1.010
|
0.368 |
2.258 |
|
|
Sundry Debtors |
3.640
|
4.166 |
31.272 |
|
|
Cash & Bank Balances |
0.555
|
0.146 |
5.483 |
|
|
Other Current Assets |
0.000
|
0.000 |
1.277 |
|
|
Loans & Advances |
0.006
|
0.084 |
2.653 |
|
Total
Current Assets |
5.211
|
4.764 |
42.943 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
2.091
|
1.603 |
42.374 |
|
|
Other Current Liabilities |
2.931
|
2.588 |
0.540 |
|
|
Provisions |
0.000
|
0.000 |
0.836 |
|
Total
Current Liabilities |
5.022
|
4.191 |
43.750 |
|
|
Net Current Assets |
0.189
|
0.573 |
(0.807) |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
43.039 |
2.269 |
2.048 |
|
PROFIT & LOSS
ACCOUNT
Profit of Rs.
1.126 Millions for the Year 31.003.2011.
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
2.25
|
2.03 |
35.86 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.04
|
0.88 |
0.98 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
No |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact
person |
No |
|
11] |
Turnover of firm for last
two years |
No |
|
12] |
Profitability for last
two years |
Yes |
|
13] |
Reasons for variation
<> 20% |
----- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details
(if applicable) |
No |
|
21] |
Market information |
----- |
|
22] |
Litigations that the firm
/ promoter involved in |
----- |
|
23] |
Banking Details |
No |
|
24] |
Banking facility details |
No |
|
25] |
Conduct of the banking
account |
----- |
|
26] |
Buyer visit details |
----- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
Note : Registered
office of the company has been shifted from B 38 C, Sidhartha Extension, Delhi
– 110014,
India to the present address
w.e.f. 15.11.2010
FIXED ASSETS
·
Furniture and Fixture
·
Motor Cycle
·
Vehicle
·
Office Equipment
·
Computer
AS PER WEBSITE
History:
Elevators began as simple rope or chain hoists. In the past elevator
drive mechanisms were powered by steam and water hydraulic pistons. In 1823, an
"ascending room" made its debut in
Today, elevators are built under strict supervision of the
Building Codes. In addition other related standards are likely required to be
complied with as specified by Local Authorities having Jurisdiction. All new
elevators are computer-controlled and microprocessor based. This allows the
elevator system to place cabs where they are most needed in the interest of
smooth running, with behaviour based on analysis of building use called
"Traffic Studies." Traffic Studies are done by Professional elevator
consultants. They at Beacon have a dedicated team of engineers and technical
professionals to carry out such analysis and come out with the most pertinent
solution for client’s vertical motion requirement. Beacon Elevator Company
Private Limited is fast emerging as leader, in vertical motion technologies
that enable utility and industry customers to improve performance while
lowering environmental impact.
Profile:
With an eye on 21st century subject has established a farsighted
corporate identity. The company wants to meet future expectations of customers
in the field of vertical motion with further advancement offering leading
technologies on a global platform. Beacon, the pioneer in vertical motion
elevator technology since 1984 have constantly innovated to produce the finest
quality elevator of all types, be it Freight, Passenger, Hospital, Automobile,
Dumbwaiter or Flameproof.
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No exist to suggest that subject is or was
the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.41 |
|
|
1 |
Rs.88.28 |
|
Euro |
1 |
Rs.71.49 |
INFORMATION DETAILS
|
Report Prepared
by : |
SPR |
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 |
4 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
43 |
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.