MIRA INFORM REPORT

 

IDENTIFICATION DETAILS

 

Name :

BSL SCAFFOLDING LIMITED (w.e.f. 08.02.2006)

 

 

Formerly Known As :

BRITISH SCAFFOLDING (INDIA) LIMITED (w.e.f. 01.02.1994)

SGB INDIA LIMITED

 

 

Country :

India

 

 

Financials (as on) :

31.03.2013

 

 

PAN No.:

[Permanent Account No.]

AAACB3253B

 

 

Legal Form :

A Closely Held Public Limited Liability Company

 

 

No. of Employees :

240 (Approximately)

 

 

BUSINESS DETAILS

 

Line of Business :

Manufacturer, Exporter and Importer of Scaffoldings.

 

 

Products :

Item Code No. (ITC Code)

82021010

Product Description

Scaffoldings

 

 

Exports :

 

Countries :

·         Middle East

·         European Countries

·         Australia

 

 

Imports :

 

Products :

·         Raw Materials

Countries :

·         China

 

PRODUCTION STATUS (AS ON 31.03.2011):

 

Particulars

Unit of Qty.

Licensed Capacity

Installed Capacity

(in MT)

Production

(in MT)

Scaffolding, form work, centering shuttering systems*

M. Tones

NA

24,000

12995.65

 

*

a) Installed capacity has been shown on triple shift basis. Installed capacity has been certified by the company’s technical expert.

b) Production includes those items also where part of the manufacturing process has been carried out by the outsides vendors.

 

GENERAL INFORMATION

 

No. of Employees :

240 (Approximately)

 

 

Bankers :

·         Punjab National Bank, CC-21, Nehru Enclave, Opposite Nehru Place, Delhi – 110 019, India

·         Bank of Baroda, Nehru Place, New Delhi – 110 019, India

·         ICICI Bank Limited, Landmark Race Cource Circle, Alkapuri, Vadodara – 390 015, Gujarat, India

·         HDFC Bank Limited

 

 

Facilities :

Secured Loans

31.03.2013

(Rs. in Millions)

31.03.2012

(Rs. in Millions)

LONG TERM BORROWINGS

 

 

Rupee Term Loans from Banks

65.255

50.838

SHORT TERM BORROWINGS

 

 

Loans repayable on demand from banks

(Secured by hypothecation of inventories, book debt, equitable mortgage on land and building of company and also loan is guaranteed by directors.)

136.303

124.623

Total

201.558

175.461

 

 

Unsecured Loans

31.03.2013

(Rs. in Millions)

31.03.2012

(Rs. in Millions)

LONG TERM BORROWINGS

 

 

Rupee Term Loans from Banks

0.000

13.000

Rupee Term Loans from Others

16.525

0.000

Total

16.525

13.000

 

 

 

Banking Relations :

 

 

 

Auditors :

 

Name :

Chandra and Associates

Chartered Accountants

Address :

106, Ansal Imperial Tower, C Block, Community Centre, Naraina Vihar, New Delhi – 110 028, India

PAN No:

AARPM0050H

 

 

Subsidiary Companies :

·         British Scaffolding International Limited, India (CIN No.: U74999MH1990PLC055728)

·         BSL Engineering Services Limited, India (CIN No.: U51909DL2009PLC187677)

·         Hunt Formwork Services Limited, India (CIN No.: U25209DL1999PLC098153)

 

 

Associates :

NEC Industrial Projects Limited, India (CIN No.: U74899DL1988PLC032808)

 

 

MAJOR SHAREHOLDERS

 

AS ON 30.09.2013

 

Names of Shareholders

 

 

No. of Shares

Neeraj Aggarwal

 

150

S.K. Gupta

 

150

A.P. Singh

 

150

Hutokshi Hans

 

270810

Shilpa Hans

 

2332596

Neerav Hans

 

2478750

Renu Hans

 

212400

Buildex Limited, England

 

76080

Ramika Hans

 

565260

Total

 

5936346

 

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

59.363

59.363

59.363

(b) Reserves & Surplus

301.681

295.431

282.693

(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)

361.044

354.794

342.056

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) Long-term borrowings

81.780

63.838

4.234

(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)

81.780

63.838

4.234

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

136.303

124.623

121.859

(b) Trade payables

84.314

62.153

25.677

(c) Other current liabilities

7.287

12.873

8.809

(d) Short-term provisions

1.725

3.274

7.014

Total Current Liabilities (4)

229.629

202.923

163.359

 

 

 

 

TOTAL

672.453

621.555

509.649

 

 

 

 

II.      ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

148.839

158.867

107.153

(ii) Intangible Assets

6.015

5.517

4.015

(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

113.873

59.655

54.943

(c) Deferred tax assets (net)

0.935

1.506

1.553

(d) Long-term Loan and Advances

6.653

6.291

6.168

(e) Other Non-current assets

0.000

0.000

0.000

Total Non-Current Assets

276.315

231.836

173.832

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

79.942

73.047

74.209

(c) Trade receivables

218.349

217.221

165.752

(d) Cash and cash equivalents

16.487

21.926

32.244

(e) Short-term loans and advances

76.378

70.025

55.532

(f) Other current assets

4.982

7.500

8.080

Total Current Assets

396.138

389.719

335.817

 

 

 

 

TOTAL

672.453

621.555

509.649

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

 

31.03.2013

31.03.2012

31.03.2011

 

SALES

 

 

 

 

 

Revenue from Operations

610.421

779.980

783.973

 

 

Other Income

2.895

2.610

2.005

 

 

TOTAL                                     (A)

613.316

782.590

785.978

 

 

 

 

 

Less

EXPENSES

 

 

 

 

 

Cost of materials consumed

445.203

590.708

582.101

 

 

Changes in inventories of finished goods, work-in-progress and stock-in-trade

1.245

2.358

8.662

 

 

Employee benefit expense

51.237

54.439

49.875

 

 

Other expenses

58.214

82.920

82.462

 

 

Extraordinary Items

(0.014)

(0.060)

--

 

 

TOTAL                                     (B)

555.885

730.365

723.100

 

 

 

 

 

Less

PROFIT / (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B)      (C)

57.431

52.225

62.878

 

 

 

 

 

Less

FINANCIAL EXPENSES                         (D)

34.801

24.455

16.476

 

 

 

 

 

 

PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)                                (E)

22.630

27.770

46.402

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION                     (F)

14.083

11.695

12.467

 

 

 

 

 

 

PROFIT / (LOSS) BEFORE TAX (E-F)                (G)

8.547

16.075

33.935

 

 

 

 

 

Less

TAX                                                                  (H)

2.296

3.307

6.874

 

 

 

 

 

 

PROFIT / (LOSS) AFTER TAX (G-H)                  (I)

6.251

12.768

27.061

 

 

 

 

 

 

EARNINGS IN FOREIGN CURRENCY

14.089

3.402

8.155

 

 

 

 

 

 

C.I. F. VALUE OF IMPORTS

12.821

10.662

19.849

 

 

 

 

 

 

Earnings / (Loss) Per Share (Rs.)

1.05

2.15

4.56

 

 

Particulars

 

 

 

31.03.2014

Sales Turnover

 

 

680.000

 

 

 

 

 

The above information has been parted by Mr. Rahul Sharma (Finance Manager).

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B (33)

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

 

 

Payment Behaviour :

Slow but correct

 

 

Litigation :

Clear

 

 

RBI DEFAULTERS’ LIST STATUS

 

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

 

LOCATIONS

 

Registered Office :

SR-1B, 4th Floor, 93, Ashoka Bhawan, Nehru Place, New Delhi – 110 019, India

Tel. No.:

Not Available

Mobile No.:

91-9594916108 (Mr. Umesh – Finance Manager)

91-9910891906 (Mr. Rahul Sharma – Finance Manager)

Fax No.:

Not Available

E-Mail :

info@bslscaffolding.com

rahul@bslscaffolding.com

manpreet@bslscaffolding.com

contact@bslscaffolding.com

Website :

http://www.britishscaffolding.com

 

 

Head Office :

A-26, Sector 59, Noida, District Gautam Budda Nagar, Noida – 201 301, Uttar Pradesh, India

Tel No.:

91-120-2490365-67

Fax No.:

91-120-2490368

Email :

marketing@bslscaffolding.com

 

 

Manufacturing Plant :

Located at:

 

·         Near New Delhi (Forging Plant)

·         Near Mumbai

 

 

Branch Office 1 :

605/606, Samarpan Complex, New Link Road, Chakala, Andheri (East), Mumbai – 400 099, Maharashtra, India

Tel No.:

91-22-28260984

Fax No.:

91-22-28259207

 

 

Branch Office :

Also located at:

 

·         Bangalore

·         Chennai

·         Kolkata

·         Secunderabad

·         Pune

·         New Delhi

 

Note:

The registered office of the company has been shifted from D-10, Neb Valley, Neb Sarai, Mehrauli, New Delhi – 110 068 to the present address w.e.f. 24.09.2013.

 

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.