MIRA INFORM REPORT

 

IDENTIFICATION DETAILS

 

Name :

BERNHARD SCHULTE SHIPMANAGEMENT (INDIA) PRIVATE LIMITED (w.e.f. 03.12.2007)

 

 

Formerly Known As :

EURASIA MARITIME MANAGEMENT (INDIA) PRIVATE LIMITED

 

 

Country :

India

 

 

Financials (as on) :

31.03.2013

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

MUME03548G

 

 

PAN No.:

[Permanent Account No.]

AAACE7346Q

 

 

Legal Form :

Private Limited Liability Company

 

 

No. of Employees :

Not Available

 

 

BUSINESS DETAILS

 

Line of Business :

Providing Ship Management Services.

 

 

Products :

Ship Management Services

 

COMPANY BACKGROUND

 

The Company was incorporated in India on February 8, 2000 under “The companies Act, 1956” is engaged in the business of rendering:

 

(a) Ship management support services in the areas of crew and technical management and maritime catering including activities such as accounting, human resources and purchases. The company charges cost plus mark up for the said support services.

 

(b) Recruitment activities of manpower (crew) for shipping companies. It receives recruitment agency fees for its services.

 

The company is a subsidiary of Bernhard Schulte Shipping (India) Private Limited which in turn is a subsidiary of Bernhard Schulte GmbH and Company KG, Hamburg.

 

OPERATION

 

The company has been successfully rendering Shipmanagement support services in the area of crew and Technical Management and Marine Catering Services on cost plus markup basis

 

 

GENERAL INFORMATION

 

No. of Employees :

Not Available

 

 

Bankers :

Not Available

 

 

Facilities :

--

 

 

 

Banking Relations :

--

 

 

Auditors :

 

Name :

Lodha and Company

Chartered Accountants

Address :

6, Karim Chambers, 40, Ambalal Doshi Marg (Hamam Street), Mumbai, Maharashtra, 400023.

Tel. No.:

91-22-40021140/22651190/22691414/22691515

Fax No.:

91-22-22650126

E-Mail :

mumbai@lodhaco.com

PAN No.:

AABFL1894Q

 

 

Holding Company :

·         Bernhard Schulte Shipping (India) Private Limited 

 

 

Fellow Subsidiaries :
  • Paramount Shipping and Management Private Limited
  • BSM Business Solutions Private Limited
  • BSM Technology Solutions Delivery Center (India) Private Limited (Formerly known as BSM Business Solutions Private Limited)

 

 

Fellow Associate Company:

  • Eurasia Travel Services Private Limited

 

 

Associate Enterprises :
  • Bernhard Schulte Shipmanagement (L) Limited
  • Bernhard Schulte Shipmanagement (Bermuda) Limited (Partnership)
  • Bernhard Schulte Shipmanagement (IOM) Limited
  • Bernhard Schulte Shipmanagement (Hong Kong) Limited Partnership
  • Bernhard Schulte Shipmanagement (Singapore) Pte. Limited
  • Bernhard Schulte Shipmanagement (Cyprus) Limited

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

As on: 30.09.2013

 

Names of Shareholders

 

No. of Shares

Bernhard Schulte Shipping (India) Private Limited, India

 

999

Bernhard Schulte Ship management (Hong Kong) Limited as nominee of Bernhard Schulte Shipping (India) Private Limited, Hong Kong

 

1

 

 

 

Total

 

1000

 

 

FINANCIAL DATA

[all figures are in Rupees Millions]

 

ABRIDGED BALANCE SHEET

 

SOURCES OF FUNDS

 

31.03.2013

31.03.2012

31.03.2011

I.        EQUITY AND LIABILITIES

 

 

 

(1) Shareholders' Funds

 

 

 

(a) Share Capital

0.100

0.100

0.100

(b) Reserves & Surplus

48.341

37.254

23.623

(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)

48.441

37.354

23.723

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) Long-term borrowings

0.000

0.000

0.000

(b) Deferred tax liabilities (Net)

0.000

0.000

0.000

(c) Other long term liabilities

0.000

0.000

0.000

(d) Long-term provisions

0.000

0.000

0.000

Total Non-current Liabilities (3)

0.000

0.000

0.000

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

0.000

0.000

0.000

(b) Trade payables

23.880
26.330
19.494

(c) Other current liabilities

83.517
53.779
65.106

(d) Short-term provisions

39.290
38.138
43.654

Total Current Liabilities (4)

146.687

118.247

128.254

 

 

 

 

TOTAL

195.128

155.601

151.977

 

 

 

 

II.    ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

21.850

23.709

25.561

(ii) Intangible Assets

0.000

0.000

0.000

(iii) Capital work-in-progress

0.000

0.000

0.000

(iv) Intangible assets under development

0.000

0.000

0.000

(b) Non-current Investments

0.000

0.000

0.000

(c) Deferred tax assets (net)

7.184

6.010

3.476

(d)  Long-term Loan and Advances

0.200

0.200

0.200

(e) Other Non-current assets

0.000

0.000

0.000

Total Non-Current Assets

29.234

29.919

29.237

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

0.000

0.000

0.000

(c) Trade receivables

0.000

0.000

0.000

(d) Cash and cash equivalents

16.031
32.678
52.760

(e) Short-term loans and advances

149.863

93.004

69.980

(f) Other current assets

0.000

0.000

0.000

Total Current Assets

165.894

125.682

122.740

 

 

 

 

TOTAL

195.128

155.601

151.977

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2013

31.03.2012

31.03.2011

 

SALES

 

 

 

 

 

Income

 

366.209

 

 

Other Income

 

 

5.429

 

 

TOTAL                                    

436.583

404.468

371.638

 

 

 

 

 

 

EXPENSES

 

 

 

 

 

Office Expenses

 

 

 

Administrative Expenses

 

 

 

 

 

Advertising Expenses

 

 

 

 

 

TOTAL                                    

375.092

333.708

319.568

 

 

 

 

 

 

PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION

61.491

70.760

52.070

 

 

 

 

 

 

DEPRECIATION/ AMORTISATION                    

7.975

8.607

7.848

 

 

 

 

 

 

PROFIT BEFORE TAX

53.515

62.153

44.221

 

 

 

 

 

Less

TAX                                                                 

19.029

19.465

15.935

 

 

 

 

 

 

PROFIT AFTER TAX

34.486

42.688

29.286

 

 

 

 

 

 

EARNINGS IN FOREIGN CURRENCY

 

 

 

 

 

Ship Management Support Services

430.558

378.241

366.209

 

 

Training Income

1.957

2.029

1.504

 

TOTAL EARNINGS

432.515

380.270

367.713

 

 

 

 

 

 

Earnings Per Share (Rs.)

34487.00

42688.00

29286.59

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba (49)

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

 

 

Payment Behaviour :

Usually Correct

 

 

Litigation :

Clear

 

 

RBI DEFAILTERS’ LIST STATUS

 

Subject’s name is not enlisted as a defaulter in the publicly available RBI Defaulters’ list.

 

 

LOCATIONS

 

Registered Office:

401, Olympia, Hiranandani Garden, Powai, Mumbai – 400 076, Maharashtra, India

Tel. No.:

91-22-25704224/ 25797523/ 40017300

Fax No.:

91-22-25704390/ 40017333

E-Mail :

eurasiamumbai@eurasiagroup.com

in-sdcl-man@bs-shipmanagement.com

deepak.degadwala@bs-shipmanagement.com

psm.mumbai@eurasiagroup.com

anita.dube@bs-shipmanagement.com

Website :

http://www.bs-shipmanagement.com

Area :

1000 sq. ft.

Location :

Owned

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.