MIRA INFORM REPORT
|
Report Date : |
25.10.2013 |
IDENTIFICATION DETAILS
|
Name : |
MACAWBER BEEKAY PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Beekay House, L-8, |
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Country : |
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|
|
Financials (as
on) : |
31.03.2012 |
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|
|
|
Date of
Incorporation : |
20.12.1984 |
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|
|
|
Com. Reg. No.: |
55-019631 |
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Capital
Investment / Paid-up Capital : |
Rs. 110.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51909DL1984PTC019631 |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELM09085G DELM10598A |
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|
|
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PAN No.: [Permanent Account No.] |
AAACM0332L |
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|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
The Company deals in Dense phase Pneumatic Conveying for transfer of bulk materials especially Dry Fly Ash and designing, engineering, manufacturing, supply, constructing, installation and erection, commissioning of ash handling systems. |
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|
|
|
No. of Employees : |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (51) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 5100000 |
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|
|
|
Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a subsidiary of “BSBK Engineers Private Limited” established
as a joint venture company in collaboration with Clyde Bergemann Materials
Handling Limited of UK. It is an established company having satisfactory
track record. The company has shown a better growth in its sales turnover as well as
net profitability during 2012. The ratings also take into consideration the
healthy financial risk profile, marked by a healthy capital structure. However, trade relations are fair. Business is active. Payment terms
are reported as regular. In view of established position, the company can be considered 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 – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
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’s current
account deficit or CAD in April-June widened to 4.9 % of gross domestic product.
High imports of gold and oil led to a worsening of the trade deficit, resulting
in CAD jumping to $ 21.8 billion to the latest quarter from $ 16.9 billion in
the corresponding quarter of the previous financial year. The government aims
to bring down CAD to 3.7 % or $ 70 billion, in 2013/14, from 4.8 % or $ 88.2
billion in 2012/13.
The finance ministry
has started preparations for Budget 2014/15. With general elections scheduled
to be held by May next year, there will only be an interim budget. The new
government will present the fiscal Budget.
The Supreme Court
has barred clinical trials for new drugs till a monitoring mechanism is put in
place to protect the lives of people on which the drugs are tested.
Mumbai has been named
the world’s second most honest city according to a survey on 15 cities
worldwide by Readers’ Digest magazine. Finnish capital Helsinki bagged the top
spot for the world’s most honest city while Lisbon, the capital of Portugal,
proved to be the least honest. The survey put hundreds of people to test
in four continents to find out just how honest they were by dropping wallets
and seeing how many would be returned.
3.7 % Growth of the
core sector in August, a seven month high. This takes the overall growth in
April-August this year to 2.3 % compared with 6.3 % in the corresponding period
next financial year.
$19 million
Estimated average spending by companies across the globe including India, on
social media this year, according to a global study by information technology
major Tata Consultancy Services. This will rise to $ 24 million in 2015.
Rising inflation,
fewer employment avenues and dwindling earnings are taking a toll on the
spending capacity in India. Over 72 % respondents from middle and lower middle
income families would be forced to slash their Diwali expenditure by 40 % and
on average spend nearly 25 % of their monthly salary on Diwali, according to a
survey by Assochem.
Analysts believe the
shutdown of the US government would have limited impact in sectors such as IT
or tourism that are dependent on Visa clearances.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long term rating: “A-” |
|
Rating Explanation |
Adequate degree of safety and low credit risk. |
|
Date |
22.10.2013 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term rating: “A2+” |
|
Rating Explanation |
Strong degree of safety and low credit risk. |
|
Date |
22.10.2013 |
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.
INFORMATION DECLINED BY
|
Name : |
Mr. Pawan Gupta |
|
Designation : |
DGM Finance |
|
Contact No.: |
91-120-4507700 |
|
Date : |
25.10.2013 |
LOCATIONS
|
Registered Office : |
Beekay House, L-8, Green Park Extension, New Delhi – 110016, India |
|
Tel. No.: |
91-11-42224222/ 30923092 |
|
Fax No.: |
91-11-41892999/ 42224333 |
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E-Mail : |
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|
Website : |
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|
|
|
|
Corporate Office : |
Beekay House, C-450, Sector-10, Noida - 201301, Uttar Pradesh, India |
|
Tel. No.: |
91-120-4507700/ 3007700 |
|
Fax No.: |
91-120-4507777/ 3007777 |
|
|
|
|
Factory : |
Plot No.27-I and J, Sector-31, Ecotech-I, Greater Noida, District
Gautam Budh Nagar, Noida - 201308, Uttar Pradesh, India |
|
|
|
|
Branch Office : |
KB-25, 4th Floor, Sector-III, Salt Lake City, Kolkata -
700098, West Bengal, India |
|
Tel. No.: |
91-33-30923092 |
|
Fax No.: |
91-33-30923000 |
DIRECTORS
As on 28.09.2012
|
Name : |
Mr. Ajay Kumar Gupta |
|
Designation : |
Managing Director |
|
Address : |
C-4/43 Safdarjung Development Area, New Delhi – 110016, India |
|
Date of Birth/Age : |
10.05.1948 |
|
Date of Appointment : |
20.12.1984 |
|
PAN No. : |
AAAPK8085H |
|
Voter ID No. : |
DL/02/009/108069 |
|
DIN No : |
00207974 |
|
|
|
|
Name : |
Mr. Rohit Kumar Gupta |
|
Designation : |
Director |
|
Address : |
C-5/27 Safdarjung Development Area, New Delhi – 110016, India |
|
Date of Birth/Age : |
19.04.1952 |
|
Date of Appointment : |
20.12.1984 |
|
PAN No. : |
AAHPG0923D |
|
Voter ID No. : |
DL/02/009/111341 |
|
DIN No : |
00208112 |
|
|
|
|
Name : |
Mr. Karan Gupta |
|
Designation : |
Whole Time Director |
|
Address : |
C-4/43 Safdarjung Development Area, New Delhi – 110016, India |
|
Date of Birth/Age : |
20.11.1978 |
|
Date of Appointment : |
01.11.2003 |
|
PAN No. : |
AAHPG5051C |
|
Voter ID No. : |
BVX0892901 |
|
DIN No : |
00208215 |
|
|
|
|
Name : |
Mr. Gautam Gupta |
|
Designation : |
Director |
|
Address : |
C-4/43 Safdarjung Development Area, New Delhi – 110016, India |
|
Date of Birth/Age : |
29.04.1977 |
|
Date of Appointment : |
01.04.2005 |
|
PAN No. : |
AAGPG1963J |
|
Voter ID No. : |
DL/02/009/108079 |
|
DIN No : |
00208352 |
|
|
|
|
Name : |
Mr. Jeffrey Hudson |
|
Designation : |
Director |
|
Address : |
7 Kingfisher Road, Adwick Le Street, Doncaster DN 6 7 UT United Kingdom |
|
Date of Birth/Age : |
12.04.1960 |
|
Date of Appointment : |
30.06.2003 |
|
DIN No : |
00208525 |
|
|
|
|
Name : |
Mr. Franz Bartels |
|
Designation : |
Director |
|
Address : |
46399 Bockolt, Aufdem, Schendorn 13, Germany |
|
Date of Birth/Age : |
22.07.1954 |
|
Date of Appointment : |
21.06.2000 |
|
DIN No : |
00833733 |
|
|
|
|
Name : |
Patrick Von Hagen |
|
Designation : |
Director |
|
Address : |
Taubenstr 43, Krefeld, Germany 47800 |
|
Date of Birth/Age : |
16.06.1970 |
|
Date of Appointment : |
28.09.2012 |
|
DIN No. : |
05128488 |
KEY EXECUTIVES
|
Name : |
Mr. Vikas Kumar |
|
Designation : |
Secretary |
|
Address : |
H-19-C, Near Sanjay Park, Shakarpur, Delhi -110092, India |
|
Date of Birth/Age : |
10.06.1983 |
|
Date of Appointment : |
03.05.2010 |
|
PAN No.: |
AZSPK3405G |
|
|
|
|
Name : |
Mr. Pawan Gupta |
|
Designation : |
DGM Finance |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 28.09.2012
|
Names of Shareholders |
No. of Shares |
|
Ajay Kumar |
3140 |
|
Karan Gupta |
1570 |
|
Gautam Gupta |
1570 |
|
Clyde Bergemann Materials Handling Limited, U.K. |
4400000 |
|
Neera Gupta |
1570 |
|
BSBK Engineers Private Limited, India |
6592150 |
|
Total |
11000000 |
As on 28.09.2012
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Foreign holdings( Foreign institutional investor(s),
Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s)
or Overseas Corporate bodies or Others |
40.00 |
|
Bodies corporate |
59.93 |
|
Directors or relatives of Directors |
0.07 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The Company deals in Dense phase Pneumatic Conveying for transfer of bulk materials especially Dry Fly Ash and designing, engineering, manufacturing, supply, constructing, installation and erection, commissioning of ash handling systems. |
||||
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||||
|
Products : |
|
PRODUCTION STATUS (AS ON 31.03.2011)
|
Particulars |
Unit |
31.03.2011 |
|
Licenced capacity (Licensing abolished vide Notification No.477 (E) of 25th July 1991) |
M.T. |
10,000 |
|
Particulars |
Unit |
Actual
Production |
|
Fluidizing Pads |
Nos Lot |
1045 5 |
|
Ash Vessels |
Nos |
643 |
|
P.D.Pump |
Nos |
314 |
|
Denseveyor |
Nos |
92 |
|
Surge Hopper |
Nos |
723 |
|
Air Receiver |
Nos |
27 |
|
Air Oil Converter |
Nos |
4 |
|
Fitting For Fly Ash Line |
Nos |
8 |
|
Pneumatic Conveying |
Nos |
430 |
|
Seal Through |
Nos |
2 |
|
Switch Valve |
Nos |
222 |
|
Plate Valve |
Nos |
676 |
|
Terminal Box |
Nos |
300 |
|
K.Pump |
Nos |
1 |
|
Sump Pump |
Nos |
3 |
Installed Capacity- Not ascertainable due to varied nature of items produced
GENERAL INFORMATION
|
No. of Employees : |
Not Divulged |
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|
|
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Bankers : |
Syndicate Bank (Lead Bank), 2, Kaushalya Park, Houz Khas, New
Delhi-110016, India |
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|
||||||||||||
|
Facilities : |
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Price Waterhouse and Company Chartered Accountant |
|
Address : |
Building 8, 7th and 8th Floor, Tower B, DLF
Cyber City, Gurgaon - 122002, Haryana, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AADFP9359C |
|
|
|
|
Holding company : |
BSBK Engineers Private Limited, India CIN No.: U74900DL2008PTC174671 |
|
|
|
|
Enterprises which
are owned, or have significant influence of or are
partners with Key management personnel and their relatives : |
· Clyde Bergemann Materials Handling Limited · Beekay Project Consultants Private Limited CIN No.: U74999DL1981PTC011763 · Northern India Project Developers Private Limited CIN No.: U74899DL1986PTC022946 · Northern India Bricks Private Limited CIN No.: U74899DL1990PTC040034 · N A Leasing and Credit Private Limited CIN No.: U74899DL1995PTC073448 · Amber Promoters Private Limited CIN No.: U70100DL1994PTC061643 |
CAPITAL STRUCTURE
As on 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
30000000 |
Equity Shares |
Rs. 10/- each |
Rs. 300.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
11000000 |
Equity Shares |
Rs. 10/- each |
Rs. 110.000
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
110.000 |
110.000 |
|
(b) Reserves & Surplus |
|
1166.640 |
855.810 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
|
0.000 |
0.000 |
|
Total Shareholders’
Funds (1) + (2) |
|
1276.640 |
965.810 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
11.190 |
10.800 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long term
liabilities |
|
0.000 |
0.000 |
|
(d) long-term
provisions |
|
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
|
11.190 |
10.800 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
|
1682.530 |
802.050 |
|
(b) Trade
payables |
|
1217.020 |
745.310 |
|
(c) Other
current liabilities |
|
1161.710 |
1256.510 |
|
(d) Short-term
provisions |
|
52.210 |
36.730 |
|
Total Current
Liabilities (4) |
|
4113.470 |
2840.600 |
|
|
|
|
|
|
TOTAL |
|
5401.300 |
3817.210 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
279.810 |
260.450 |
|
(ii)
Intangible Assets |
|
42.300 |
27.020 |
|
(iii)
Capital work-in-progress |
|
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
|
26.500 |
13.980 |
|
(d) Long-term Loan and Advances |
|
48.290 |
45.860 |
|
(e) Other
Non-current assets |
|
71.390 |
15.660 |
|
Total Non-Current
Assets |
|
468.290 |
362.970 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
390.090 |
309.310 |
|
(c) Trade
receivables |
|
4035.720 |
2629.350 |
|
(d) Cash
and cash equivalents |
|
159.110 |
202.330 |
|
(e)
Short-term loans and advances |
|
181.460 |
174.880 |
|
(f) Other
current assets |
|
166.630 |
138.370 |
|
Total
Current Assets |
|
4933.010 |
3454.240 |
|
|
|
|
|
|
TOTAL |
|
5401.300 |
3817.210 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
110.000 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
668.901 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
778.901 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
814.908 |
|
|
2] Unsecured Loans |
|
|
43.622 |
|
|
TOTAL BORROWING |
|
|
858.530 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
1637.431 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
215.032 |
|
|
Capital work-in-progress |
|
|
2.776 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERRED TAX ASSETS |
|
|
12.565 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
229.629 |
|
|
Sundry Debtors |
|
|
2081.357 |
|
|
Cash & Bank Balances |
|
|
241.763 |
|
|
Other Current Assets |
|
|
17.973 |
|
|
Loans & Advances |
|
|
115.378 |
|
Total
Current Assets |
|
|
2686.100 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
511.406 |
|
|
Other Current Liabilities |
|
|
722.984 |
|
|
Provisions |
|
|
44.652 |
|
Total
Current Liabilities |
|
|
1279.042 |
|
|
Net Current Assets |
|
|
1407.058 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
1637.431 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
|
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
7296.410 |
5052.550 |
3877.721 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
6832.520 |
4765.050 |
3647.666 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
463.890 |
287.500 |
230.055 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
153.060 |
100.590 |
80.538 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
310.830 |
186.910 |
149.517 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
645.810 |
458.900 |
309.383 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
956.640 |
645.810 |
458.900 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
FOB value of Exports of Goods |
10.210 |
174.420 |
76.398 |
|
|
TOTAL EARNINGS |
10.210 |
174.420 |
76.398 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
423.140 |
294.694 |
33.784 |
|
|
|
Capital Goods |
26.680 |
24.459 |
17.979 |
|
|
|
Furniture & Fixture |
0.000 |
0.914 |
2.408 |
|
|
|
Air Conditioner |
0.000 |
0.600 |
2.330 |
|
|
TOTAL IMPORTS |
449.820 |
320.667 |
56.501 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
28.26 |
16.99 |
13.59 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
4.26
|
3.70 |
3.86 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
8.63
|
7.56 |
7.93 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.36
|
0.30 |
0.30 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.33
|
0.84 |
1.10 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.20
|
1.22 |
2.10 |
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 |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three 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 |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details
(if applicable) |
No |
|
21] |
Market information |
----- |
|
22] |
Litigations that the firm
/ promoter involved in |
----- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
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 |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
Yes |
|
34] |
External Agency Rating,
if available |
Yes |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10144220 |
06/09/2013 * |
6,800,000,000.00 |
SYNDICATE BANK (LEAD BANK) |
2, KAUSHALYA PARK,
HAUZ KHAS, NEW DELHI, |
B86090263 |
|
2 |
10144255 |
06/09/2013 * |
7,000,000,000.00 |
SYNDICATE BANK (LEAD BANK) |
2, KAUSHALYA PARK,
HAUZ KHAS, NEW DELHI, |
B86090628 |
* Date of charge modification
UNSECURED LOANS
|
PARTICULARS |
31.03.2012 (Rs.
in Millions) |
31.03.2011 (Rs.
in Millions) |
|
LONG TERM
BORROWINGS |
|
|
|
Loans taken for
vehicles (The vehcile loans have been taken for a period of 3-5 years and are replayable in monthly instalments over the respective loan period along with interest ranging between 8.3% to 11.45%.) |
11.190 |
10.800 |
|
|
|
|
|
SHORT TERM
BORROWINGS |
|
|
|
Loans and advances from others |
125.000 |
0.000 |
|
Total |
136.190 |
10.800 |
GENERAL INFORMATION
ABOUT COMPANY
The Company is a joint venture between BSBK Group and Clyde Bergemann Materials Handling Limited of U.K. The Company deals in Dense phase Pneumatic Conveying for transfer of bulk materials especially Dry Fly Ash and designing, engineering, manufacturing, supply, constructing, installation and erection, commissioning of ash handling systems.
REVIEW OF OPERATIONS
During the year, the Company has recorded a turnover of Rs. 7296.410 millions, an increase of about 44.41% against Rs. 5052.550 millions of the previous year. The Net Profit after tax for the year has increased by about 66.30% to Rs. 310.830 millions as against Rs. 186.910 millions of the previous year. The directors express their satisfaction over the performance of the Company during the Financial Year and are confident of continuing the trend during the coming financial years.
FIXED ASSETS
v
Tangible
assets
· Buildings
· Office Building
· Plant and Equipment
· Factory Equipments
· Furniture and Fixtures
· Vehicles
· Office Equipment
· Other Equipments
v
Intangible
Assets
· Computer Software
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.61.41 |
|
|
1 |
Rs.99.53 |
|
Euro |
1 |
Rs.84.82 |
INFORMATION DETAILS
|
Information
Gathered by : |
PDT |
|
|
|
|
Report Prepared
by : |
MRI |
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 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--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 |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
51 |
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.