|
Report Date : |
12.08.2014 |
IDENTIFICATION DETAILS
|
Name : |
BEML LIMITED |
|
|
|
|
Registered
Office : |
“BEML SOUDHA”, No.23/1, 4th Main, S R Nagar, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
11.05.1964 |
|
|
|
|
Com. Reg. No.: |
08-001530 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 417.722
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
L35202KA1964GOI001530 |
|
|
|
|
Legal Form : |
A Public Limited Liability Company. The Company’s Shares are Listed on
the Stock Exchanges. |
|
|
|
|
Line of Business
: |
Subject is engaged in the business of Mining and Construction,
Defence and Aerospace and Rail and Metro. |
|
|
|
|
No. of Employees
: |
11005 [Approximately] |
RATING & COMMENTS
|
MIRA’s Rating : |
A (65) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
USD 83000000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Exist |
|
|
|
|
Comments : |
Subject is a Government of India undertaking entity. It is having a fine track record. Financial position of the company seems to be decent. Trade relations are reported as fair. Business is active. Payment
terms are reported to be regular and as per commitment. 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 – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
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
N E W S
As per the latest IMF study, the total weigh of emerging markets in the
GDP of the world on a purchasing power parity basis has seen a sizeable shift.
It highlights how as against 51 % in 2005, the emerging economies now account
for close to 56 % of the global purchasing power GDP as per the latest survey.
And with the emerging economies growing at a faster rate than their developed
counterparts, there are every possibility that the their share goes up further
in the coming years. China may surpass the US over the next few years.
Politics and economics are very intricately connected. They tend to
influence each other in ways that could be very complex and far-reaching. The prospects
of the India’s economy have been seriously compromised due to political
corruption. High inflation, poor standard of living are to a great extent a
result of rampant corruption in the country. China on the other hand, seems to
be facing diametrically opposite challenge. American hedge fund manager Jim
Chanos has been keenly following the political and economic development in the
dragon economy and has figured out something that is quite worrying. He is of
the view that the Chinese economy could be heading toward trouble on account of
new Chinese President Xi Jingping’s very aggressive anti-corruption drive.
Chanos believes tat many things such as apartment sales, luxury products, etc.
were largely bought with dirty money. And it is now beginning to impact
consumption. This may indeed be bad news for an economy that is struggling to
transition from an investment-driven export-oriented economy to a domestic
consumption-driven economy.
A study published by Firstpost has revealed that asset classes like real
estate and equities were the biggest beneficiaries of the liberalization
policies. A firm called Ciane Analytics studied returns from assets
including equities, gold, fixed deposits, G-Secs and real estate since 1991.
Real estate outperformed every other asset classes during the 23-year period
with an annualized return of 20 % ! Equities came in second with annualized
return of 15.5 % ! However, while these returns may seem mouthwatering, the
fact is that the return from equities adjusted for inflation came down to just
7.1 %.
Some brief news are as under
. R-Power to buy Jaypee’s hydro assets
. Investors await justice in NSEL case
. India seeks MFN status from Pakistan ahead of meeting
. Ukrain’s clashes with rebels hinder MH17 crash investigation
. India exploring merger of state-owned hydro PSUs
..Higher costs weigh down profit growth to slowest in 9 quarters
..Wal-Mart to expand wholesale business in India
. GMR group moves to strengthen balance sheet
. Central Bank to sell 4 % stake to Life Insurance Corporation
. Tata Chemicals plans to raise up to Rs 10000 mn.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
Fund based facilities = A+ |
|
Rating Explanation |
Have adequate degree of safety and carry low
credit risk. |
|
Date |
October 2013 |
|
Rating Agency Name |
ICRA |
|
Rating |
Non-Fund based facilities - LC = A1+ |
|
Rating Explanation |
Have very strong degree of safety and carry
lowest credit risk. |
|
Date |
October 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
31-03-2014.
INFORMATION DECLINED
MANAGEMENT NON-COOPERATIVE
[CONTACT NO.: 91-80-22963250]
LOCATIONS
|
Registered/ Corporate Office/ International Business Division : |
“BEML SOUDHA”, No.23/1, 4th Main, S R Nagar, Bangalore - 560027, Karnataka, India |
|
Tel. No.: |
91-80 22963240/ 22963250 |
|
Fax No.: |
91-80 22963278/ 516/ 280/ 164 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Marketing
Division/ Defence Business : |
5th Floor, Unity Buildings, JC Road, Bangalore - 560002,
Karnataka, India |
|
Tel. No.: |
91-80-22963501/ 22963518 |
|
Fax No.: |
91-80-22963539/ 22963520 |
|
E-Mail : |
|
|
|
|
|
Trading Division
: |
4th Floor, Unity Buildings, JC Road, Bangalore - 560002,
Karnataka, India |
|
Tel. No.: |
91-80-22963522 |
|
Fax No.: |
91-80-22963523 |
|
E-Mail : |
|
|
|
|
|
UNITS |
|
|
Aerospace
Manufacturing Division/ Mysore Complex : |
Belavadi Post, Mysore - 570018, Karnataka, India |
|
Tel. No.: |
91-821-2400248/ 2402422 (24 lines) |
|
Fax No.: |
91-821-2400429/ 2402434/ 2402429/ 2402442 |
|
E-Mail : |
|
|
|
|
|
Bangalore
Complex : |
New Thippasandra Post, Bangalore - 560075, Karnataka, India |
|
Tel. No.: |
91-80-25242414 (20 lines) |
|
Fax No.: |
91-80-25245545/ 25242942 |
|
E-Mail : |
|
|
|
|
|
KGF Complex : |
BEML Nagar, Kolar Gold Fields - 563115, Karnataka, India |
|
Tel. No.: |
91-8153-263020 (10 lines) / 263280 (20 lines) |
|
Fax No.: |
91-8153-261003/ 262610/ 263128 |
|
E-Mail : |
|
|
|
|
|
Palakkad Complex
: |
Kinfra Wisepark, Menonpara Road, Kanjikode, Palakkad - 678621,
Kerala, India |
|
Tel. No.: |
91-491-2567868/ 2569868 |
|
Fax No.: |
91-491-2567488/ 2567944/ 2568055 |
|
E-Mail : |
|
|
|
|
|
Steel Foundry : |
Vignyan Industries Limited, PB No.4, BH Road, Tarikere - 577228,
Karnataka, India |
|
Tel. No.: |
91-8261-222236/ 222252/ 222357 |
|
Fax No.: |
91-8261-222236 |
|
E-Mail : |
|
|
|
|
|
Zonal Offices : |
Located at: · Bilaspur Hyderabad Kolkata Singrauli |
|
|
|
|
Regional Offices : |
Located at: · Bilaspur Chennai Dhanbad Hyderabad Kolkata Mumbai Nagpur New Delhi Ranchi Sambalpur Singrauli |
|
|
|
|
District Offices : |
Located at: · Ahmedabad Asansol Bacheli Bhilai Bhopal Bhubaneswar Chandrapur Guwahati Hospet Jammu Kochi Kothagudem Madurai Neyveli Panjim Ramagundam Udaipur Visakhapatnam |
|
|
|
|
Overseas Offices : |
Located at: · Brazil Indonesia |
DIRECTORS
AS ON 31.03.2013
|
Name : |
Mr. P Dwarakanath |
|
Designation : |
Chairman and Managing Director |
|
|
|
|
Name : |
Mr. M Pitchiah |
|
Designation : |
Director (Finance) |
|
|
|
|
Name : |
Mr. C N Durgesh |
|
Designation : |
Director (Mining and Construction Business) |
|
|
|
|
Name : |
Mr. P R Naik |
|
Designation : |
Director (Defence Business) |
|
|
|
|
Name : |
Mr. D K Hota |
|
Designation : |
Director (HR) |
|
|
|
|
Name : |
Mr. P K Mishra |
|
Designation : |
Part-time Government
Director, Joint Secretary (Electronic Systems), Department of Defence
Production, Ministry of Defence |
|
|
|
|
Name : |
Mr. Rajnish Kumar |
|
Designation : |
Part-time
Government Director, Addl. Financial Adviser & Joint Secretary Department
of Defence Production, Ministry of Defence |
|
|
|
|
Name : |
Dr. Rekha Bhargava |
|
Designation : |
Non-Official (Independent) Director |
|
|
|
|
Name : |
Mr. Kanwal Nath |
|
Designation : |
Non-Official (Independent) Director |
|
|
|
|
Name : |
Prof. Ramesh Bhat |
|
Designation : |
Non-Official (Independent) Director |
|
|
|
|
Name : |
Prof. S Sadagopan |
|
Designation : |
Non-Official (Independent) Director |
|
|
|
|
Name : |
Mr. C Balakrishnan |
|
Designation : |
Non-Official (Independent) Director |
|
|
|
|
Name : |
Mr. Suhas Anand Bhat |
|
Designation : |
Non-Official (Independent) Director |
|
|
|
|
Name : |
Mr. N P Gupta |
|
Designation : |
Non-Official (Independent) Director |
|
|
|
|
Name : |
Mr. Krishna Reddy, AR |
|
Designation : |
Executive Director |
|
|
|
|
Name : |
Mr. Umesh Chandra |
|
Designation : |
Executive Director |
|
|
|
|
Name : |
Mr. Ganesh Natarajan |
|
Designation : |
Executive Director |
|
|
|
|
Name : |
Mr. Pradeep Swaminathan |
|
Designation : |
Executive Director |
KEY EXECUTIVES
|
Name : |
Mr. M E V Selvamm |
|
Designation : |
Company Secretary |
|
|
|
|
Name : |
Mrs. Kavitha Kestur |
|
Designation : |
Chief Vigilance Officer |
|
|
|
|
Chief General
Managers : |
Mr. Mulla, MA Mr. Prakash, HS Mr. Haldar, AK Mr. Narasimha Rao, P Mr. Prasad, S Mr. Ravi, S Mr. Vishwanatha, BR Mr. Nagaraj Kumar, PV Mr. Ashokan, D Mr. Panneer Selvam, R Mr. Ramachandra Rao, C Mr. Rajendran, S Mr. Lokhande, SS Mr. Manjunath, BL Mr. Krishna Murthy, KV Mr. Ravi Chander, G Mr. Muralidhara, RH Mr. Kalidhas Majhi Mr. Suresh S Vastrad Mr. Hasainabba, UK Mr. Nageshwara Rao, C Mr. Huddar, SB |
|
|
|
|
General Managers
: |
Mr. Ravishankar, N Mr. Ashok Kumar Mr. Sastry, NVS Mr. Shivakumar, P Mr. Venkatesan, S Mr. Joe Pulickel Mr. Satheesha, NV Mr. Amit Banerjee Mr. Vinod Kumar Pareek Mr. Sreekumar Varma, TK Mr. Ravi Kumar, KS Mr. Mohanan, KP Mr. Krishna, BS Mr. Piramanayagam, S Mr. Kumaresan, S Mr. Asit Kumar Nanda Mr. Gurunatha Naik, HR Mr. Radhakrishna, KR Mr. Shankar, B Mr. Sharadkumar, K. Kalagi Mr. Narayana Bhat, K Mr. Narayanayya Hasanadka Mr. Srinivasulu Reddy, S Mr. Raja Sekhar, MV Mr. Visweswara Rao, M Mr. Nagaraja Rao, SR Mr. Ranganath, HS Mr. Muthuvalavan, R Mr. Parashar, R R Mr. Nagesh, H N Mr. Kodandaram, N Mr. Mathai, Iype Mr. Umashankar Mr. Satyesha Simha Mr. Ajit Kumar Srivastav Mr. Nagaraj, P Mr. Ramesh, P Mr. Sivasankara Rao, P Mr. Aggarwal, V M |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.06.2014
|
Category of Shareholder |
Total
No. of Shares |
As a % |
|
(A) Shareholding
of Promoter and Promoter Group |
|
|
|
|
|
|
|
|
22500000 |
54.03 |
|
|
22500000 |
54.03 |
|
|
|
|
|
Total shareholding
of Promoter and Promoter Group (A) |
22500000 |
54.03 |
|
(B) Public
Shareholding |
|
|
|
|
|
|
|
|
3988403 |
9.58 |
|
|
5498470 |
13.20 |
|
|
1561074 |
3.75 |
|
|
11047947 |
26.53 |
|
|
|
|
|
|
2864477 |
6.88 |
|
|
|
|
|
|
3989940 |
9.58 |
|
|
619895 |
1.49 |
|
|
622241 |
1.49 |
|
|
349328 |
0.84 |
|
|
2650 |
0.01 |
|
|
270263 |
0.65 |
|
|
8096553 |
19.44 |
|
Total Public
shareholding (B) |
19144500 |
45.97 |
|
Total (A)+(B) |
41644500 |
100.00 |
|
(C) Shares held by
Custodians and against which Depository Receipts have been issued |
|
|
|
|
0 |
0.00 |
|
|
0 |
0.00 |
|
|
0 |
0.00 |
|
Total
(A)+(B)+(C) |
41644500 |
100.00 |
(1)
Indian
Central
Government / State Government(s)
Individual
shareholders holding nominal share capital up to Rs. 0.100 Million 
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the business of Mining and
Construction, Defence and Aerospace and Rail and Metro. |
GENERAL INFORMATION
|
No. of Employees : |
11005 [Approximately] |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Bankers : |
· Standard Chartered Bank No. 112,
'Serenity',Koramanga A Industrial Area, Koramangala, 5th Block,
Bangalore - 560095, Karnataka, India State Bank of India Canara Bank State Bank of Mysore State Bank of Patiala Bank of India Bank of Baroda Union Bank of India State Bank of Hyderabad Indian Bank Axis Bank Exim Bank HDFC Bank IDBI Bank |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Financial Institution : |
· SBICAP Trustee Company Limited 202, Maker Tower, 'E', Cuffe Parade, Colaba, Mumbai - 400005, Maharashtra, India |
|
|
|
|
Auditors : |
|
|
Name : |
Padmanabhan Ramani and Ramanujam Chartered Accountants |
|
Address : |
Chennai, Tamilnadu, India |
|
|
|
|
Legal Advisors : |
|
|
Name : |
Just Law |
|
Address : |
Bangalore |
|
|
|
|
Name : |
Sundaraswamy and Ramdas |
|
Address : |
Bangalore |
|
|
|
|
Tax Consultants : |
|
|
Name : |
King and Patridge |
|
Address : |
Bangalore |
|
|
|
|
Subsidiary Company
: |
· Vignyan Industries Limited MAMC Industries Limited BEML Brazil Industrial Ltda |
|
|
|
|
Joint Venture
Company : |
BEML Midwest Limited, Hyderabad |
CAPITAL STRUCTURE
AFTER 13.09.2013
Authorised Capital : Rs. 1000.000 Millions
Issued, Subscribed & Paid-up Capital : Rs. 416.445
Millions
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 1000.000 Millions |
|
|
|
|
|
Issued Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
41,900,000 |
Equity Shares |
Rs. 10/- each |
Rs. 419.000
Millions |
|
|
|
|
|
Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
41,644,500 |
Equity Shares |
Rs. 10/- each |
Rs. 416.445
Millions |
|
|
Add: Forfeited Shares |
|
Rs. 1.277
Millions |
|
|
|
|
|
|
|
Total |
|
Rs. 417.722 Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
417.700 |
417.722 |
417.722 |
|
(b) Reserves & Surplus |
20380.700 |
20382.613 |
21303.133 |
|
(c) Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
20798.400 |
20800.335 |
21720.855 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
4652.000 |
4981.105 |
2476.909 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long
term liabilities |
3794.000 |
4060.350 |
4170.073 |
|
(d) long-term
provisions |
1358.700 |
1491.667 |
1211.314 |
|
Total Non-current
Liabilities (3) |
9804.700 |
10533.122 |
7858.296 |
|
|
|
|
|
|
(4) Current
Liabilities |
|
|
|
|
(a)
Short term borrowings |
4394.300 |
7162.047 |
6952.450 |
|
(b)
Trade payables |
3858.000 |
4895.565 |
4996.315 |
|
(c)
Other current liabilities |
7589.200 |
6808.872 |
5929.047 |
|
(d) Short-term
provisions |
1163.700 |
1951.458 |
1978.926 |
|
Total Current
Liabilities (4) |
17005.200 |
20817.942 |
19856.738 |
|
|
|
|
|
|
TOTAL |
47608.300 |
52151.399 |
49435.889 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
|
5025.393 |
5017.018 |
|
(ii)
Intangible Assets |
|
282.050 |
275.198 |
|
(iii)
Capital work-in-progress |
|
1132.287 |
238.648 |
|
(iv)
Intangible assets under development |
|
285.577 |
0.000 |
|
(b) Non-current Investments |
25.800 |
25.764 |
44.319 |
|
(c) Deferred tax assets (net) |
1000.500 |
1052.384 |
627.745 |
|
(d) Long-term Loan and Advances |
2976.100 |
2829.798 |
2777.790 |
|
(e) Other
Non-current assets |
42.800 |
24.583 |
52.256 |
|
Total Non-Current
Assets |
10760.900 |
10657.836 |
9032.974 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
12.900 |
15.570 |
0.000 |
|
(b)
Inventories |
21521.000 |
24561.992 |
24224.066 |
|
(c)
Trade receivables |
9773.600 |
8615.114 |
7916.490 |
|
(d) Cash
and cash equivalents |
162.300 |
769.246 |
1924.720 |
|
(e)
Short-term loans and advances |
2343.800 |
3861.271 |
4181.613 |
|
(f)
Other current assets |
3033.800 |
3670.370 |
2156.026 |
|
Total
Current Assets |
36847.400 |
41493.563 |
40402.915 |
|
|
|
|
|
|
TOTAL |
47608.300 |
52151.399 |
49435.889 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
29115.100 |
28089.101 |
27264.888 |
|
|
|
Other Income |
633.900 |
1035.939 |
450.870 |
|
|
|
TOTAL (A) |
29749.000 |
29125.040 |
27715.758 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
16142.200 |
17151.745 |
18004.096 |
|
|
|
Purchases of Stock-in-Trade |
31.200 |
91.017 |
459.166 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
970.600 |
(699.223) |
(4288.148) |
|
|
|
Employees benefits expense |
7167.600 |
7393.990 |
7250.805 |
|
|
|
Other expenses |
3865.300 |
4616.887 |
4607.406 |
|
|
|
Exceptional Items |
(158.900) |
(101.190) |
(288.242) |
|
|
|
TOTAL (B) |
28018.000 |
28453.226 |
25745.083 |
|
|
|
|
|
|
|
|
Less |
PROFIT/
[LOSS] BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
1731.000 |
671.814 |
1970.675 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
1104.600 |
1409.934 |
884.258 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
[LOSS] BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
626.400 |
(738.120) |
1086.417 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
535.600 |
502.496 |
439.155 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ [LOSS]
BEFORE TAX (E-F) (G) |
90.800 |
(1240.616) |
647.262 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
44.000 |
(441.901) |
74.812 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ [LOSS]
AFTER TAX (G-H) (I) |
46.800 |
(798.715) |
572.450 |
|
|
|
|
|
|
|
|
|
|
Earnings/ [Loss]
Per Share (Rs.) |
1.12 |
(19.18) |
13.75 |
|
NOTES
1)
The
above results have been reviewed by the Audit Committee and approved by the
Board of Directors in their Meeting held on 28.05.2014
2)
The previous
period's figures have been regrouped and reclassified wherever necessary to
make them comparable with the current period's figures.
3)
Exemption
has been granted by SEBI from publishing Segment-wise information.
4)
The
figures of last quarter are the balancing figures between audited figures in
respect of the full financial year and the published year to date figures upto
the third quarter of the current financial year.
5)
The
Board of Directors have recommended a dividend of Re.1.00 per share for the year
ended 31.03.2014.
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
PAT / Total Income |
(%) |
0.16 |
(2.74) |
2.07 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.31 |
(4.42) |
2.37 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.19 |
(2.50) |
1.33 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.00 |
(0.06) |
0.03 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.43 |
0.58 |
0.43 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.17 |
1.99 |
2.03 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
417.722 |
417.722 |
417.700 |
|
Reserves & Surplus |
21303.133 |
20382.613 |
20380.700 |
|
Net
worth |
21720.855 |
20800.335 |
20798.400 |
|
|
|
|
|
|
long-term borrowings |
2476.909 |
4981.105 |
4652.000 |
|
Short term borrowings |
6952.450 |
7162.047 |
4394.300 |
|
Total
borrowings |
9429.359 |
12143.152 |
9046.300 |
|
Debt/Equity ratio |
0.434 |
0.584 |
0.435 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
27264.888 |
28089.101 |
29115.100 |
|
|
|
3.023 |
3.653 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
27264.888 |
28089.101 |
29115.100 |
|
Profit/ [Loss] |
572.450 |
(798.715) |
46.800 |
|
|
2.10% |
(2.84%) |
0.16% |
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 |
Yes |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact
person |
No |
|
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 |
Yes |
|
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 |
No |
|
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 |
Yes |
LITIGATION DETAILS
CASE PENDING
|
High Court of Karnataka - Bangalore Bench |
MFA 2424/2014 |
|
Petitioner/Appnt.
Name |
M/S URC
CONSTRUCTION PRIVATE LIMITED |
Respondent/Defnt.
Name |
M/S. BEML
LIMITED |
||
|
Petnr./Appnt.
Advocate |
APPAIAH P B |
Respnt./Defnt.
Advocate |
|
||
|
Date Filed |
01/04/2014 |
Classification |
AA |
District |
Bangalore City |
|
Stage |
PENDING FOR ADMISSON |
Last Posted For |
|
|
|
|
Last Action Taken |
|
Last Date of Action |
|
Next Hearing Date |
|
|
Latest Order |
|
||||
|
Before Hon'ble Judge/s |
|
|
|
|
|
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10435928 |
22/03/2013 |
3,000,000,000.00 |
SBICAP TRUSTEE COMPANY LIMITED |
202, MAKER TOWER, 'E', CUFFE PARADE, COLABA, MUMBAI, MAHARASHTRA - 400005, INDIA |
B71320857 |
|
2 |
10335769 |
28/06/2013 * |
984,000,000.00 |
STANDARD CHARTERED BANK |
NO. 112, 'SERENITY',KORAMANGA
A INDUSTRIAL AREA, |
B79897377 |
|
3 |
10183332 |
29/09/2009 |
1,000,000,000.00 |
STATE BANK OF TRAVANCORE |
INDUSTRIAL FINANCE
BRANCH, 3RD FLOOR, VAYUDHOOT CHAMBERS, TRINITY JUNCTION, M.G. ROAD,
BANGALORE, |
A71614853 |
|
4 |
80036388 |
11/09/2013 * |
27,500,000,000.00 |
STATE BANK OF INDIA |
OVERSEAS BRANCH, ST
MARKS ROAD, LHO COMPOUND, BAN |
B85731198 |
* Date of charge modification
UNSECURED LOANS
|
UNSECURED LOANS |
31.03.2013 (Rs.
In Millions) |
|
LONG-TERM BORROWINGS |
|
|
From Other
Parties Inter corporate
loans against company's corporate guarantee |
939.363 |
|
|
|
|
Total |
939.363 |
CONTINGENT
LIABILITIES:
|
Particulars |
31.03.2013 (Rs.
In Millions) |
|
a. Claims against the Company not acknowledged as debts |
|
|
i. Disputed statutory demands (Customs Duty, Central
Excise, Service Tax, Sales Tax/VAT) |
545.275 |
|
ii. Other claims - legal cases etc. |
511.617 |
|
b. Guarantees Corporate Guarantee issued to bankers on behalf of M/s. BEML Midwest Ltd (Joint Venture company) |
191.250 |
|
c. Other money for which the company is contingently
liable |
0.000 |
|
|
|
|
Total |
1248.142 |
FIXED ASSETS:
Tangible Assets
· Land
Roads
and Drains
Water
Supply Installations
Buildings
Railway
sidings
Plant,
Machinery and Equipment
Electrical
Installation
Furniture
and Fixtures
Vehicles
Office
Equipment
Jigs
and Fixtures
Intangible Assets
Computer
software
Technical
Know how
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. 61.12 |
|
|
1 |
Rs. 102.54 |
|
Euro |
1 |
Rs. 81.87 |
INFORMATION DETAILS
|
Information Gathered
by : |
NYA |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
8 |
|
PAID-UP CAPITAL |
1~10 |
7 |
|
OPERATING SCALE |
1~10 |
8 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
8 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
8 |
|
--CREDIT LINES |
1~10 |
7 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
YES |
|
--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 |
YES |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTERS |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
65 |
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.