MIRA INFORM REPORT
|
Report No. : |
336980 |
|
Report Date : |
14.08.2015 |
IDENTIFICATION DETAILS
|
Name : |
BEML LIMITED (w.e.f.05.10.2007) |
|
|
|
|
Formerly Known
as : |
BHARAT EARTH MOVERS LIMITED |
|
|
|
|
Registered
Office : |
“BEML SOUDHA”, No.23/1, 4th Main, S R Nagar, Bangalore - 560027, Karnataka |
|
Tel. No.: |
91-80 22963240/ 22963250 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2015 |
|
|
|
|
Date of
Incorporation : |
11.05.1964 |
|
|
|
|
Com. Reg. No.: |
08-001530 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 417.700
Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
L35202KA1964GOI001530 |
|
|
|
|
IEC No.: |
Not Available |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
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PAN No.: [Permanent Account No.] |
Not Available |
|
|
|
|
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
: [As on
31.03.2014] |
10328 [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 59000000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Exist |
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|
|
|
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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
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 |
September 2014 |
|
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 |
September 2014 |
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
31-03-2013.
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 : |
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|
Website : |
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|
|
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|
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 |
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E-Mail : |
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Trading Division
: |
4th Floor, Unity Buildings, JC Road, Bangalore - 560002,
Karnataka, India |
|
Tel. No.: |
91-80-22963522 |
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Fax No.: |
91-80-22963523 |
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E-Mail : |
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|
UNITS |
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|
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 : |
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|
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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 : |
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|
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Zonal Offices : |
Located at: · Bilaspur · Hyderabad · Kolkata · Singrauli |
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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 |
|
|
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Overseas Offices : |
Located at: · Brazil · Indonesia |
DIRECTORS
AS ON 31.03.2014
|
Name : |
Mr. P Dwarakanath |
|
Designation : |
Chairman and Managing Director |
|
|
|
|
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 : |
Mr. C Balakrishnan |
|
Designation : |
Non-Official (Independent) Director |
|
|
|
|
Name : |
Mr. Suhas Anand Bhat |
|
Designation : |
Non-Official (Independent) Director |
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|
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|
Name : |
Mr. N P Gupta |
|
Designation : |
Non-Official (Independent) Director |
|
|
|
|
Name : |
Mr. C N Durgesh |
|
Designation : |
Director (Mining and Construction Business) |
|
|
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|
Name : |
Mr. P R Naik |
|
Designation : |
Director (Defence Business) |
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|
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|
Name : |
Mr. Deepak Kumar Hota |
|
Designation : |
Director (HR) |
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|
|
|
Name : |
Mr. Pradeep Swaminathan |
|
Designation : |
Director (Finance) |
|
|
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|
Name : |
Mr. Aniruddh Kumar |
|
Designation : |
Director (Rail & Metro) |
|
|
|
|
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 |
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|
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|
Name : |
Mr. Umesh Chandra |
|
Designation : |
Executive Director |
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|
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|
Name : |
Mr. Haldar, AK |
|
Designation : |
Executive Director |
KEY EXECUTIVES
|
Name : |
Mr. M E V Selvamm |
|
Designation : |
Company Secretary |
|
|
|
|
Name : |
Mrs. Kavitha Kestur |
|
Designation : |
Chief Vigilance Officer |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.06.2015
|
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 |
|
|
|
|
|
|
|
|
4881640 |
11.72 |
|
|
3323266 |
7.98 |
|
|
2424219 |
5.82 |
|
|
10629125 |
25.52 |
|
|
|
|
|
|
3678682 |
8.83 |
|
|
|
|
|
|
3837231 |
9.21 |
|
|
556984 |
1.34 |
|
|
442478 |
1.06 |
|
|
364376 |
0.87 |
|
|
5583 |
0.01 |
|
|
72519 |
0.17 |
|
|
8515375 |
20.45 |
|
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 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the business of Mining and
Construction, Defence and Aerospace and Rail and Metro. |
|
|
|
|
Brand Names : |
-- |
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|
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Agencies Held : |
-- |
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|
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Exports : |
|
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Products : |
Not Divulged |
|
Countries : |
Not Divulged |
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|
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Imports : |
|
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Products : |
Not Divulged |
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Countries : |
Not Divulged |
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|
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Terms : |
|
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Selling : |
Not Divulged |
|
|
|
|
Purchasing : |
Not Divulged |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : [As on 31.03.2014] |
10328 [Approximately] |
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|
Bankers : [As on 31.03.2014] |
·
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 ·
Deutsche Bank |
||||||||||||||||||||||||||||||
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|
||||||||||||||||||||||||||||||
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Facilities : |
|
|
|
|
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Banking
Relations : |
-- |
|
|
|
|
Financial Institution : [As on 31.03.2014] |
· SBICAP Trustee Company Limited 202, Maker Tower, 'E', Cuffe Parade, Colaba, Mumbai - 400005, Maharashtra, India |
|
|
|
|
Auditors : [As on 31.03.2014] |
|
|
Name : |
Padmanabhan Ramani and Ramanujam Chartered Accountants |
|
Address : |
Chennai, Tamilnadu, India |
|
|
|
|
Legal Advisors : [As on 31.03.2014] |
·
Just Law Bangalore, Karnataka, India ·
Sundaraswamy and Ramdas Bangalore, Karnataka, India ·
National Law School of India University Bangalore, Karnataka, India ·
Justice K A Swamy Bangalore, Karnataka, India |
|
|
|
|
Tax Consultants : [As on 31.03.2014] |
·
King and Patridge Bangalore, Karnataka, India ·
Lakshmi Kumaran and Sridharan Bangalore, Karnataka, India |
|
|
|
|
Subsidiary Company
: [As on 31.03.2014] |
· Vignyan Industries Limited · MAMC Industries Limited · BEML Brazil Industrial Ltda |
|
|
|
|
Joint Venture
Company : [As on 31.03.2014] |
BEML Midwest Limited, Hyderabad |
CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 1000.000 Million |
|
|
|
|
|
Issued Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
41,900,000 |
Equity Shares |
Rs. 10/- each |
Rs. 419.000
Million |
|
|
|
|
|
Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
41,644,500 |
Equity Shares |
Rs. 10/- each |
Rs. 416.445
Million |
|
|
Add: Forfeited Shares |
|
Rs. 1.277
Million |
|
|
|
|
|
|
|
Total |
|
Rs. 417.722 Million |
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
417.700 |
417.722 |
417.722 |
|
(b) Reserves & Surplus |
20349.800 |
20380.671 |
20382.613 |
|
(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) |
20767.500 |
20798.393 |
20800.335 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
4139.300 |
4652.011 |
4981.105 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c)
Other long term liabilities |
3169.700 |
3793.983 |
4060.350 |
|
(d)
long-term provisions |
1643.600 |
1358.726 |
1491.667 |
|
Total
Non-current Liabilities (3) |
8952.600 |
9804.720 |
10533.122 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
1782.300 |
4394.321 |
7162.047 |
|
(b)
Trade payables |
5432.900 |
3857.963 |
4895.565 |
|
(c)
Other current liabilities |
7714.200 |
7589.221 |
6808.872 |
|
(d)
Short-term provisions |
1259.800 |
1163.725 |
1951.458 |
|
Total
Current Liabilities (4) |
16189.200 |
17005.230 |
20817.942 |
|
|
|
|
|
|
TOTAL |
45909.300 |
47608.343 |
52151.399 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
6604.100 |
4777.537 |
5025.393 |
|
(ii)
Intangible Assets |
0.000 |
209.425 |
282.050 |
|
(iii)
Capital work-in-progress |
0.000 |
1353.363 |
1132.287 |
|
(iv) Intangible assets under development |
0.000 |
375.373 |
285.577 |
|
(b) Non-current
Investments |
25.800 |
25.764 |
25.764 |
|
(c) Deferred tax assets
(net) |
1013.800 |
1000.533 |
1052.384 |
|
(d) Long-term Loan
and Advances |
2339.100 |
2976.071 |
2829.798 |
|
(e)
Other Non-current assets |
40.700 |
42.803 |
24.583 |
|
Total
Non-Current Assets |
10023.500 |
10760.869 |
10657.836 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
8.000 |
12.906 |
15.570 |
|
(b)
Inventories |
19212.000 |
21521.029 |
24561.992 |
|
(c)
Trade receivables |
9917.000 |
9773.619 |
8615.114 |
|
(d)
Cash and cash equivalents |
1447.300 |
162.349 |
769.246 |
|
(e)
Short-term loans and advances |
1663.100 |
2343.798 |
3196.704 |
|
(f)
Other current assets |
3638.400 |
3033.773 |
4334.937 |
|
Total
Current Assets |
35885.800 |
36847.474 |
41493.563 |
|
|
|
|
|
|
TOTAL |
45909.300 |
47608.343 |
52151.399 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
28091.900 |
29115.140 |
28089.101 |
|
|
|
Other Income |
595.000 |
633.895 |
1035.939 |
|
|
|
TOTAL (A) |
28686.900 |
29749.035 |
29125.040 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
13733.600 |
16142.176 |
17151.745 |
|
|
|
Purchases of Stock-in-Trade |
3.200 |
31.199 |
91.017 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
2092.600 |
970.628 |
(699.223) |
|
|
|
Employees benefits expense |
7691.200 |
7167.565 |
7393.990 |
|
|
|
Other expenses |
3872.200 |
3671.959 |
4616.887 |
|
|
|
Exceptional Items |
(1.500) |
(158.863) |
(101.190) |
|
|
|
Prior Period Adjustment |
0.000 |
193.394 |
(17.262) |
|
|
|
TOTAL (B) |
27391.300 |
28018.058 |
28435.964 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
1295.600 |
1730.977 |
689.076 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
705.100 |
1104.574 |
1409.934 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
590.500 |
626.403 |
(720.858) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
521.400 |
535.581 |
502.496 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX (E-F) (G) |
69.100 |
90.822 |
(1223.354) |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
1.500 |
44.042 |
(424.639) |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX (G-H) (I) |
67.600 |
46.780 |
(798.715) |
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (Rs.) |
1.62 |
1.12 |
(19.18) |
|
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
PARTICULARS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Current Maturities of Long term debt |
NA |
512.725 |
470.986 |
|
|
|
|
|
|
Cash generated from operations |
NA |
4204.622 |
(1070.022) |
|
|
|
|
|
|
Net Cash flow from/ used in operating activities |
NA |
3940.190 |
(1384.945) |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Net Profit Margin (PAT / Sales) |
(%) |
0.24 |
0.16 |
-2.84 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
4.61 |
5.95 |
2.45 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.15 |
0.20 |
-2.46 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.00 |
0.00 |
-0.06 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.29 |
0.46 |
0.61 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.22 |
2.17 |
1.99 |
Total Liability = Short-term Debt + Long-term Debt + Current Maturities
of Long-term debts
STOCK
PRICES
|
Face Value |
Rs. 10/- |
|
|
|
|
Market Value |
Rs. 1376.80/- |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particulars |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
417.722 |
417.722 |
417.700 |
|
Reserves & Surplus |
20382.613 |
20380.671 |
20349.800 |
|
Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
20800.335 |
20798.393 |
20767.500 |
|
|
|
|
|
|
Long-term borrowings |
4981.105 |
4652.011 |
4139.300 |
|
Short term borrowings |
7162.047 |
4394.321 |
1782.300 |
|
Total
borrowings |
12614.138 |
9559.057 |
5921.600 |
|
Debt/Equity ratio |
0.606 |
0.460 |
0.285 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
28089.101 |
29115.140 |
28091.900 |
|
|
|
3.653 |
-3.514 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
28089.101 |
29115.140 |
28091.900 |
|
Profit/ (Loss) |
(798.715) |
46.780 |
67.600 |
|
|
(2.84%) |
0.16% |
0.24% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
No |
|
8 |
Designation of contact person |
No |
|
9 |
Promoter’s background |
No |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
No |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
Yes |
|
32 |
Litigations that the firm/promoter
involved in |
Yes |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
LITIGATION DETAILS
CASE PENDING
|
High Court of Karnataka - Bangalore Bench |
WA 4150/2009 |
|
Petitioner/Appnt.
Name |
STATE OF
KARNATAKA |
Respondent/Defnt.
Name |
M/S. BEML
LIMITED |
||
|
Petnr./Appnt.
Advocate |
RAVIVARMA KUMAR |
Respnt./Defnt.
Advocate |
KING & PARTRIDGE FOR C/R1 |
||
|
Date Filed |
23/11/2009 |
Classification |
T(MVT) |
District |
Bangalore City |
|
Stage |
HEARING |
Last Posted For |
FINAL HEARING |
|
|
|
Last Action Taken |
ADJOURNED |
Last Date of Action |
05/08/2015 |
Next Hearing Date |
09/09/2015 |
|
Latest Order |
|||||
|
Before Hon'ble Judge/s |
VINEET SARAN B. MANOHAR |
||||
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,, MU |
B71320857 |
|
2 |
10335769 |
28/06/2013 * |
984,000,000.00 |
STANDARD CHARTERED
BANK |
NO. 112,
'SERENITY',KORAMANGALA INDUSTRIAL AREA, |
B79897377 |
|
3 |
10183332 |
29/09/2009 |
1,000,000,000.00 |
STATE BANK OF
TRAVANCORE |
INDUSTRIAL FINANCE
BRANCH, 3RD FLOOR,, VAYUDHOOT |
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
|
PARTICULARS |
31.03.2014 (Rs.
In Million) |
31.03.2013 (Rs.
In Million) |
|
LONG-TERM BORROWINGS |
|
|
|
From
Other Parties |
|
|
|
i. Inter corporate loans against
company's corporate guarantee |
782.803 |
939.363 |
|
ii.
Soft Loan - Interest Free Loan from Govt of Kerala |
166.960 |
0.000 |
|
|
|
|
|
Total |
949.763 |
939.363 |
PERFORMANCE
VIS-À-VIS MOU [AS ON 31.03.2014]:
Performance of your Company, in terms of the Memorandum of Understanding
signed with the Department of Defence Production, Ministry of Defence,
Government of India, was rated as “Good” for the year 2012-13 and the rating
based on self-evaluation is also expected to be 'Good' for the year 2013-14.
CONTINGENT
LIABILITIES:
|
Particulars
|
31.03.2014 (Rs.
In Million) |
|
a. Claims against the
Company not acknowledged as debts |
|
|
i. Disputed statutory demands
(Customs Duty, Central Excise, Service Tax, Sales Tax/VAT) |
4021.709 |
|
ii. Other claims -
legal cases etc. |
4707.713 |
|
b. Guarantees Corporate Guarantee issued to bankers on behalf of BEML Midwest Limited (Joint Venture company) |
191.250 |
|
c. Other money for
which the company is contingently liable |
0.000 |
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. 64.92 |
|
|
1 |
Rs. 101.44 |
|
Euro |
1 |
Rs. 72.26 |
INFORMATION DETAILS
|
Information Gathered
by : |
PRT |
|
|
|
|
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.