MIRA
INFORM REPORT
IDENTIFICATION DETAILS
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Name : |
BERU DIESEL START SYSTEMS PRIVATE LIMITED |
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Country : |
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Financials (as
on) : |
31.12.2012 |
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Legal Form : |
Private Limited Liability Company |
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No. of Employees
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Not Divulged |
BUSINESS DETAILS
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Line of Business : |
Manufacturer and Exporter of Glow Plug. |
PRODUCTION STATUS [AS ON 31.12.2011]
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Particulars |
Unit |
Actual
Production |
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Glow Plug |
Nos. |
1339500 |
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Flame Start
System |
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Flame Glow Plug |
Nos. |
2108 |
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Relay 24V |
Nos. |
6674 |
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Solenoid Valve |
Nos. |
1898 |
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Connecting Pipe |
Nos. |
150 |
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Connecting Cable / Harness |
Nos. |
1319 |
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Flame Glow Plug Controller |
Nos. |
1130 |
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Temperature Sensor |
Nos. |
1966 |
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Grid Heater |
Nos. |
14097 |
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Glow Plug Timer |
Nos. |
14945 |
GENERAL INFORMATION
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No. of Employees : |
Not Divulged |
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Bankers : |
·
Oriental Bank of Commerce ·
State Bank of ·
Citi Bank, Pune, |
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Facilities : |
Term of
Repayment: The company has availed a deferred payment facility for acquisition of
plant and machinery in the form of external commercial borrowing (ECB) from
BorgWarner Beru Systems GmbH of Euro 875000 (P.Y. Euro 875000) equivalent to
Rs.53.974 Millions (P.Y. Rs.53.974 Millions). The said ECB is repayable in 3
annual installment of 20%, 30% and 50% of original ECB amount beginning from
31st December, 2012 along with interest levied @ 6 months Eurubor
rate plus 1%. |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
V.S. Potdar and Company Chartered Accountants |
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Address : |
C-9, Beverly Estate, 852/2 and 6 Bhandarkar Institute Road,
Pune-411004, Maharashtra, India |
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Tel. No.: |
91-20-25678400/03 |
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Fax No.: |
91-20-25678405 |
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E-Mail : |
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PAN No: |
ABQPP0877P |
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Associates : [As on 31.12.2011] |
·
BorgWarner Beru Systems GmbH ·
Jayant Engineering Works ·
Jayant International ·
Associated Engineers ·
Aarushi Developers |
MAJOR SHAREHOLDERS
AS ON 18.06.2013
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Names of Shareholders |
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No. of Shares |
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Jayant Avinash Dave Joint With Pragna Jayant Dave |
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931000 |
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Pragna Jayant Dave Joint With Jayant Avinash Dave |
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140000 |
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Beru AG, Germany |
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1029000 |
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TOTAL
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2100000 |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES
OF FUNDS |
|
31.12.2012 |
31.12.2011 |
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I.
EQUITY
AND LIABILITIES |
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(1)Shareholders' Funds |
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(a) Share Capital |
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21.000 |
21.000 |
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(b) Reserves & Surplus |
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223.992 |
182.047 |
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(c) Money received against
share warrants |
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0.000 |
0.000 |
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(2) Share Application
money pending allotment |
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0.000 |
0.000 |
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Total Shareholders’ Funds (1) + (2) |
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244.992 |
203.047 |
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(3) Non-Current Liabilities |
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(a) long-term borrowings |
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43.179 |
53.974 |
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(b) Deferred tax liabilities (Net) |
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4.199 |
3.668 |
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(c) Other long term liabilities |
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0.000 |
3.250 |
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(d) long-term provisions |
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1.140 |
1.723 |
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Total Non-current Liabilities (3) |
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48.518 |
62.615 |
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(4) Current Liabilities |
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(a) Short term
borrowings |
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0.000 |
0.000 |
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(b) Trade payables |
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54.151 |
87.869 |
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(c) Other current
liabilities |
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19.380 |
14.893 |
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(d) Short-term provisions |
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4.953 |
10.605 |
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Total Current Liabilities (4) |
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78.484 |
113.367 |
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TOTAL |
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371.994 |
379.029 |
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II. ASSETS |
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(1) Non-current assets |
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(a) Fixed Assets |
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(i) Tangible assets |
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187.732 |
201.653 |
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(ii) Intangible Assets |
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0.184 |
0.255 |
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(iii) Capital work-in-progress |
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0.000 |
0.000 |
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(iv) Intangible assets under development |
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0.000 |
0.000 |
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(b) Non-current Investments |
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0.000 |
0.000 |
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(c) Deferred tax assets (net) |
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0.000 |
0.000 |
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(d) Long-term Loan and Advances |
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1.237 |
3.977 |
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(e) Other Non-current assets |
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0.000 |
0.000 |
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Total Non-Current Assets |
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189.153 |
205.885 |
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(2) Current assets |
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(a) Current investments |
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0.000 |
0.000 |
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(b) Inventories |
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46.137 |
41.311 |
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(c) Trade receivables |
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87.651 |
75.101 |
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(d) Cash and cash
equivalents |
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30.973 |
34.341 |
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(e) Short-term loans
and advances |
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18.080 |
22.391 |
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(f) Other current
assets |
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0.000 |
0.000 |
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Total Current Assets |
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182.841 |
173.144 |
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TOTAL |
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371.994 |
379.029 |
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SOURCES OF FUNDS |
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31.12.2010 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
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21.000 |
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2] Share Application Money |
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0.000 |
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3] Reserves & Surplus |
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142.230 |
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4] (Accumulated Losses) |
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0.000 |
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NETWORTH |
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163.230 |
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LOAN FUNDS |
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1] Secured Loans |
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0.000 |
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2] Unsecured Loans |
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0.000 |
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TOTAL BORROWING |
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0.000 |
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DEFERRED TAX LIABILITIES |
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1.244 |
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TOTAL |
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164.474 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
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13.212 |
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Capital work-in-progress |
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64.474 |
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INVESTMENT |
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11.884 |
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DEFERREX TAX ASSETS |
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0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
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16.607 |
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Sundry Debtors |
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51.349 |
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Cash & Bank Balances |
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56.908 |
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Other Current Assets |
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0.000 |
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Loans & Advances |
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25.644 |
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Total
Current Assets |
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150.508 |
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Less : CURRENT LIABILITIES & PROVISIONS |
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Sundry Creditors |
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51.534 |
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Other Current Liabilities |
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1.940 |
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Provisions |
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22.130 |
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Total
Current Liabilities |
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75.604 |
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Net Current Assets |
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74.904 |
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MISCELLANEOUS EXPENSES |
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0.000 |
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TOTAL |
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164.474 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
31.12.2012 |
31.12.2011 |
31.12.2010 |
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SALES |
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Income |
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Other Income |
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TOTAL |
360.257 |
291.218 |
219.028 |
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Less |
EXPENSES |
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TOTAL |
274.137 |
214.025 |
157.069 |
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PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
86.120 |
77.193 |
61.959 |
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Less/ Add |
DEPRECIATION/
AMORTISATION |
23.267 |
18.099 |
2.395 |
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PROFIT BEFORE
EXCEPTIONAL / EXTRAORDINARY ITEM AND TAX
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62.853 |
59.094 |
59.564 |
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EXCEPTIONAL /
EXTRAORDINARY ITEMS |
0.000 |
0.147 |
0.000 |
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PROFIT / (LOSS) BEFORE
TAX |
62.853 |
58.947 |
59.564 |
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Less |
TAX |
20.908 |
19.130 |
20.317 |
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PROFIT / (LOSS) AFTER
TAX |
41.945 |
39.817 |
39.247 |
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Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
NA |
68.671 |
29.424 |
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BALANCE CARRIED
TO THE B/S |
NA |
108.488 |
68.671 |
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Earnings /
(Loss) Per Share (Rs.) |
19.97 |
18.96 |
18.69 |
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RATING & COMMENTS
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MIRA’s Rating : |
Ba (54) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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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/ Factory : |
Plot No. A 13/2, Navlakh Umbre, Talegaon MIDC, Taluka Maval,
Pune-410507, Maharashtra, India |
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Tel. No.: |
91-2114-306789 / 799 |
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Fax No.: |
91-2114-306789 / 799 |
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E-Mail : |
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Website : |
NOTE:
The registered office of the company has been shifted from 46/2/1B, Kaka Halwai Industrial Estate, Pune Satara Road, Pune-411009, Maharashtra, India to the present address w.e.f. 01.01.2012
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.