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|
MIRA INFORM REPORT
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Report No. : |
514790 |
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Report Date : |
23.06.2018 |
IDENTIFICATION DETAILS
|
Name : |
BEUMER INDIA PRIVATE LIMITED (w.e.f. 02.02.2017) |
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Formerly Known
As : |
BEUMER INDIA LIMITED (w.e.f. 25.04.2016) ENEXCO
TEKNOLOGIES INDIA LIMITED (w.e.f. 13.11.1995) ENEXCO CONSULTANTS INDIA PRIVATE LIMITED (w.e.f.
07.09.1995) ENEXCO
TEKNOLOGIES INDIA PRIVATE LIMITED |
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Registered
Office : |
C-451, Chittaranjan Park, New Delhi – 110019 |
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Tel. No.: |
91-124-4799999 |
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Country : |
India |
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Financials (as
on) : |
31.12.2016 |
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Date of
Incorporation : |
13.05.1985 |
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CIN No.: [Company Identification
No.] |
U74120DL1985PTC020898 |
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Capital
Investment / Paid-up Capital : |
INR 69.000 Million |
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IEC No.: [Import-Export Code No.] |
Not Applicable [As informed by the management that firm does
not have export and import] |
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PAN No.: [Permanent Account No.] |
AAACE059R |
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GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturing of Machinery and Equipment. [Registered Activity] |
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No. of Employees
: |
Not Divulged |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd January
2017)
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MIRA’s Rating : |
A |
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Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a subsidiary of “Beumer Beteiligungsgesellschaftmbh,
Germany” incorporated in the year 1985 and it is engaged as manufacturer of
machinery and equipment. Management has failed to file its financials for the year 2017 with
Registrar of Companies. As per the available financials of 2016 (March to December), the
company has achieved decent growth in its revenue along with good profit
margin during the year. The company possesses satisfactory financial risk profile marked
adequate net worth base and strong debt protection metrics. Rating continues to derive strength from its long and established
track record of its business operation backed by its well experienced
management team along with strong financial support from its holding entity. However, these rating strength get partially offset by highly
competitive nature of the industry with presence of other large players and
unorganized sector. Payments seems to be regular. In view of the aforesaid, the company can be considered for business
dealings at usual trade terms and conditions. Note: The management has changed its financial year from March to December
for FY – 2016. |
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
|
Country Name |
Previous Rating (31.12.2017) |
Current Rating (01.04.2018) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
NOT AVAILABLE
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
31-03-2018.
BIFR (Board for Industrial & Financial Reconstruction) LISTING
STATUS
Subject’s name is not listed as a Sick Unit in
the publicly available BIFR (Board for Industrial & Financial
Reconstruction) list as of 23.06.2018.
IBBI (Insolvency and Bankruptcy Board of India) LISTING STATUS
Subject’s name is not listed in the publicly
available IBBI (Insolvency and Bankruptcy Board of India) list as of report
date.
INFORMATION DECLINED
MANAGEMENT NON-COOPERATIVE [TEL. NO.: 91-9650806630-Mr. Naveen]
[91-124-4799953/ 91-650806630] Ringing
LOCATIONS
|
Registered Office : |
C-451, Chittaranjan Park, New Delhi – 110019, India |
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Tel. No.: |
91-124-4799999 |
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Mobile No.: |
91-9871709870 (Mr. George Thomas) |
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Fax No.: |
Not Available |
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E-Mail : |
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Website : |
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Factory/ Warehouse/ Corporate: |
157, Naurangpur, Gurugram – 122004, Haryana, India |
DIRECTORS
AS ON: 31.03.2017
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Name : |
Mr. Hermann Bernhard Brunsen |
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Designation : |
Director |
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Address : |
Bonhoefferweg, 14 59269 Beckum, 059269 Germany |
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Date of Birth/Age : |
16.01.1962 |
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Qualification : |
Doctorate (P.H.D) |
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Date of Appointment : |
26.03.2012 |
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DIN No.: |
00687279 |
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Other Directorship:
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Name : |
Mr. Christoph Beumer |
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Designation : |
Director |
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Address : |
Von-Oer-Stasse 25, Oelde, 59302, Germany |
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Date of Birth/Age : |
14.12.1962 |
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Qualification : |
Doctorate (P.H.D) |
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Date of Appointment : |
26.03.2012 |
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DIN No.: |
01047007 |
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Other Directorship:
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Name : |
Mr. Nitin Vyas |
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Designation : |
Director |
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Address : |
D-124, Westend Heights, DLF Phase-V, Gurgaon-122001, Haryana |
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Date of Birth/Age : |
03.04.1975 |
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Qualification : |
B.tech |
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Date of Appointment : |
26.03.2012 |
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PAN No.: |
AHIPV3025B |
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DIN No.: |
03344082 |
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Other Directorship:
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KEY EXECUTIVES
|
Name : |
Mrs. Neha Sharma |
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Designation : |
Company Secretary |
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Address : |
House No. 35, Ward No 2, Ahirwara, Ballabhgarh, Faridabad-121004, Haryana, India |
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Date of Birth/Age : |
02.03.1986 |
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Date of Appointment : |
18.08.2012 |
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PAN No.: |
BWDPS9858N |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON: 31.03.2016
|
Names of Shareholders |
|
No. of Shares |
|
Beumer Beteiligungsgesellschaftmbh * |
|
6899985 |
|
Christoph Beumer |
|
1 |
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Hermann Bernhard Brunsen |
|
1 |
|
Nobert Hufnagel |
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1 |
|
Beumer International Gmbh |
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1 |
|
Wolfgang Hoss |
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1 |
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Maschinegesellschaft MBH |
|
10 |
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Total |
|
6900000 |
NOTE: * Parent company, holding 99.99% shares of company
AS ON: 29.06.2017
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
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Promoters (Body corporate) |
100.00 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturing of Machinery and Equipment. [Registered Activity] |
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Products : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
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Selling : |
Not Divulged |
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Purchasing : |
Not Divulged |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Not Divulged |
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Bankers : |
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Facilities : |
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Auditors : |
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Name : |
N. A. Shah Associates LLP Chartered Accountants |
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Address : |
B 41-45 Paragon Centre Pandurang, Budhkar Marg Worli, Mumbai-400013, Maharashtra, India |
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Income-tax
PAN of auditor or auditor's firm : |
AAAFN5380N |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Holding Company: |
Beumer Beteiligungsgesellschaftmbh |
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Ultimate Holding
Company |
Beumer Group GmbH & Co. KG |
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Associate
Enterprise: |
· Beumer Maschinenfabrik GmbH & Co. KG · Beumer Machinery (Shanghai) Co., Limited · Beumer (Thailand) Co Limited · Beumer Group A/S (earlier known as Crisplant A/S (Denmark)) · Beumer Group A/S Singapore (earlier known as Crisplant A/S (Singapore)) · Beumer Group UK Limited · Beumer Group Austria GmbH · Beumer Group Hong Kong Company Limited · Crisplant Airports Systems LLC · Beumer Group Philippines INC (earlier known as CRISPLANT A/S (Philippines INC)) |
CAPITAL STRUCTURE
AS ON: 31.12.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000000 |
Equity Shares |
INR 10/- each |
INR 100.000 Million |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6900000 |
Equity Shares |
INR 10/- each |
INR 69.000 Million |
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FINANCIAL DATA
[all figures are in
INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.12.2016 [9 Months] |
31.03.2016 |
31.03.2015 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
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(a) Share Capital |
69.000 |
69.000 |
60.000 |
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(b) Reserves & Surplus |
298.616 |
176.011 |
393.135 |
|
(c) Money received against share warrants |
0.000 |
0.000 |
0.000 |
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|
|
|
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|
(2) Share
Application money pending allotment |
0.000 |
0.000 |
0.000 |
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Total
Shareholders’ Funds (1) + (2) |
367.616 |
245.011 |
453.135 |
|
|
|
|
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|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
241.690 |
240.000 |
240.000 |
|
(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 |
39.118 |
33.688 |
32.235 |
|
Total
Non-current Liabilities (3) |
280.808 |
273.688 |
272.235 |
|
|
|
|
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(4) Current Liabilities |
|
|
|
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(a)
Short term borrowings |
191.786 |
300.190 |
405.505 |
|
(b)
Trade payables |
623.884 |
323.605 |
295.815 |
|
(c)
Other current liabilities |
324.300 |
206.229 |
150.546 |
|
(d)
Short-term provisions |
22.474 |
5.738 |
15.270 |
|
Total
Current Liabilities (4) |
1162.444 |
835.762 |
867.136 |
|
|
|
|
|
|
TOTAL |
1810.868 |
1354.461 |
1592.506 |
|
|
|
|
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|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
335.272 |
349.350 |
337.463 |
|
(ii)
Intangible Assets |
2.985 |
6.057 |
21.979 |
|
(iii)
Capital work-in-progress |
0.439 |
3.669 |
0.000 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.197 |
|
(b) Non-current
Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and
Advances |
31.463 |
47.576 |
0.544 |
|
(e)
Other Non-current assets |
306.612 |
66.635 |
18.490 |
|
Total
Non-Current Assets |
676.771 |
473.287 |
378.673 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
243.071 |
233.519 |
279.505 |
|
(c)
Trade receivables |
670.781 |
516.852 |
601.870 |
|
(d)
Cash and cash equivalents |
5.336 |
38.579 |
61.197 |
|
(e)
Short-term loans and advances |
70.449 |
80.769 |
188.631 |
|
(f)
Other current assets |
144.460 |
11.455 |
82.630 |
|
Total
Current Assets |
1134.097 |
881.174 |
1213.833 |
|
|
|
|
|
|
TOTAL |
1810.868 |
1354.461 |
1592.506 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.12.2016 [9 Months] |
31.03.2016 |
31.03.2015 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
2059.135 |
1402.379 |
1313.386 |
|
|
|
Other Income |
17.532 |
7.621 |
71.549 |
|
|
|
TOTAL |
2076.667 |
1410.000 |
1384.935 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
1364.005 |
900.917 |
1029.493 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
0.236 |
(0.388) |
0.000 |
|
|
|
Employees benefits expense |
220.986 |
280.591 |
202.682 |
|
|
|
Prior period items |
0.737 |
(0.099) |
0.092 |
|
|
|
Exceptional items |
(51.353) |
10.125 |
0.000 |
|
|
|
Other expenses |
331.375 |
418.757 |
340.562 |
|
|
|
TOTAL |
1865.986 |
1609.903 |
1572.829 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
210.681 |
-199.903 |
-187.894 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
50.924 |
84.926 |
72.242 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
159.757 |
(284.829) |
(260.136) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
21.052 |
36.552 |
41.623 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
138.705 |
(321.381) |
(301.759) |
|
|
|
|
|
|
|
|
|
Less |
TAX |
10.275 |
0.034 |
34.320 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
128.430 |
(321.415) |
(336.079) |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
FOB value of manufactured goods exported |
210.799 |
275.667 |
0.000 |
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
179.499 |
176.158 |
0.000 |
|
|
|
Capital Goods |
1.582 |
150.537 |
0.000 |
|
|
TOTAL IMPORTS |
181.081 |
326.695 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (INR) |
18.61 |
(46.61) |
(2.88) |
|
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
PARTICULARS |
31.12.2016 [9 Months] |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
0.925 |
0.000 |
NA |
|
|
|
|
|
|
Net cash flows from (used in) operations |
34.169 |
260.725 |
(148.194) |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
53.499 |
256.542 |
(156.896) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.12.2016 [9 Months] |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
118.90 |
134.52 |
167.26 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
3.07 |
2.71 |
2.18 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
166.95 |
131.11 |
104.88 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.87 |
(0.86) |
(0.67) |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.62 |
(0.56) |
(0.52) |
LEVERAGE RATIOS
|
PARTICULARS |
31.12.2016 [9 Months] |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.78 |
0.79 |
0.70 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
1.18 |
2.20 |
1.42 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
3.16 |
3.41 |
1.91 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.92 |
1.47 |
0.79 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
4.14 |
(2.35) |
(2.60) |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.12.2016 [9 Months] |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
6.24 |
-22.92 |
-25.59 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
7.09 |
-23.73 |
-21.10 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
34.94 |
-131.18 |
-74.17 |
SOLVENCY RATIOS
|
PARTICULARS |
31.12.2016 [9 Months] |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
0.98 |
1.05 |
1.40 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.77 |
0.77 |
1.08 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.20 |
0.18 |
0.28 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
6.30 |
7.83 |
10.76 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
0.98 |
1.05 |
1.40 |
Total
Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term
debts
FINANCIAL ANALYSIS
[all figures are
in INR Million]
DEBT EQUITY RATIO
|
Particulars |
31.03.2015 |
31.03.2016 |
31.12.2016 [9 Months] |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Share Capital |
60.000 |
69.000 |
69.000 |
|
Reserves & Surplus |
393.135 |
176.011 |
298.616 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
453.135 |
245.011 |
367.616 |
|
|
|
|
|
|
long-term borrowings |
240.000 |
240.000 |
241.690 |
|
Short term borrowings |
405.505 |
300.190 |
191.786 |
|
Total
borrowings |
645.505 |
540.190 |
433.476 |
|
Debt/Equity
ratio |
1.425 |
2.205 |
1.179 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2015 |
31.03.2016 |
31.12.2016 [9 Months] |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales |
1313.386 |
1402.379 |
2059.135 |
|
|
|
6.776 |
46.832 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2015 |
31.03.2016 |
31.12.2016 [9 Months] |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales |
1313.386 |
1402.379 |
2059.135 |
|
Profit/(Loss) |
(336.079) |
(321.415) |
128.430 |
|
|
(25.59%) |
(22.92%) |
6.24% |
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 |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
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 |
No |
|
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 |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
INDEX OF CHARGES
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
C66218942 |
80024279 |
CANARA BANK |
14/06/1996 |
11/07/2013 |
14/09/2015 |
1190000000.0 |
PRIME CORPORATE BRANCH-I,
DELHI, 1 DDA BUILDING,FIRST FLOOR, NEHRU PLACENEW DELHIDL110019IN |
|
2 |
C66215252 |
80024282 |
CANARA BANK |
14/06/1996 |
11/07/2013 |
14/09/2015 |
360000000.0 |
PRIME CORPORATE BRANCH-I,
DELHI, 1 DDA BUILDING,FIRST FLOOR, NEHRU PLACENEW DELHIDL110019IN |
|
3 |
C25148537 |
80024281 |
CANARA BANK |
17/08/2005 |
27/01/2009 |
13/09/2014 |
50000000.0 |
PCB-I, ANSAL
TOWERNEHRU PLACENEW DELHIDL110019IN |
|
4 |
C25149220 |
10090499 |
CANARA BANK |
16/01/2008 |
27/01/2009 |
13/09/2014 |
20000000.0 |
PCB-I, ANSAL
TOWERNEHRU PLACENEW DELHIDL110019IN |
|
5 |
C25146945 |
80024285 |
CANARA BANK |
01/02/2005 |
27/01/2009 |
13/09/2014 |
85000000.0 |
PCB-I, ANSAL
TOWERNEHRU PLACENEW DELHIDL110019IN |
|
6 |
C25149923 |
80024284 |
CANARA BANK |
01/02/2005 |
27/01/2009 |
13/09/2014 |
85000000.0 |
PCB-I, ANSAL
TOWERNEHRU PLACENEW DELHIDL110019IN |
|
7 |
B85847283 |
10426459 |
HDFC BANK LIMITED |
28/03/2013 |
- |
09/09/2013 |
150000000.0 |
HDFC BANK HOUSESENAPATI
BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
8 |
A62360524 |
10037010 |
CANRA BANK |
03/01/2007 |
27/01/2009 |
20/05/2009 |
35000000.0 |
PCB-I, ANSAL
TOWERNEHRU PLACENEW DELHIDL110019IN |
|
9 |
A62361027 |
10015271 |
CANRA BANK |
14/03/2006 |
27/01/2009 |
20/05/2009 |
35000000.0 |
PCB-I, ANSAL
TOWERNEHRU PLACENEW DELHIDL110019IN |
UNSECURED LOANS
|
PARTICULARS |
31.12.2016 (INR
In Million) |
31.03.2016 (INR
In Million) |
|
LONG-TERM BORROWINGS |
|
|
|
Other external commercial borrowings |
240.000 |
240.000 |
|
|
|
|
|
SHORT TERM BORROWINGS |
|
|
|
Rupee term loans from others |
191.786 |
300.190 |
|
|
|
|
|
Total |
431.786 |
540.190 |
STATE OF COMPANY’S
AFFAIRS AND FUTURE OUTLOOK
Year 2016 has been one of the most intensive years in India for getting the company re-organized and re-aligned to the company objectives post completion of merger of BEUMER Technologies India Pvt Ltd and ENEXCO Teknologies India Limited into a single amalgamated company, 'BEUMER India Limited, on 1st April 2016.During the Year the company continued to carry on its business of Sortation & Distribution in the markets of Airports & Logistics and in the segment Conveying & loading in Cement & Steel (mines / ores) market, both in products &Solutions business. The company is fully equipped with latest tools and technology with support of Parent company BEUMERBeteiligungsgesellschaftGmbH, located in Germany, Beckum and it’s their endeavor to place itself at a better position in line with BEUMER Group strategy 2018, thereby catering to customers' requirements & providing value add to customers business & at same time upholding the mission statement of BEUMER Group “We are looking for the long - term success and not for the short -term profit.”
The company’s vision is to prove its presence in the domestic market as one of the leading player in the field of intralogistics for conveying, loading, palletizing, sorting & distributing Technologies by offering intelligent systems & solutions.
With this vision of the management, their main focus is on the market of Cement, Steel (ore handling systems), Sortation and Distribution in Airports (BHS) and Logistics (3PL, W&D & CEP).
In the last couple of fiscal years, business was quite challenging due to the slowdown in the economy, change in government, Cement demand remained sluggish impacted by slowdown in construction and infrastructure sectors; however in the last quarter of calendar year 2016, business in the field of CL Systems Cement (Grinding & Blending) saw major revival and thus getting robust order pipeline and new orders. To overcome the couple of year's sluggish market, the management of the company has proactively taken appropriate measures to reduce the fixed overheads to downsize costs and realigned its market strategy to meet the market requirements in terms of margin extraction.
In the coming year’s BEUMER India Private Ltd.is poised for stable and consistent growth in the cement & other sectors and higher growth in other business areas in both Order Intake and revenue and projected steady growth of all sectors of Indian Economy. For next 2 to 3 years BEUMER India has seen very good prospects for its mini split Grinding and Blending systems business as customer are setting up the same in order to reduce its cement logistics costs (currently Indian cement industry bears approx. 30% as its logistics and distribution cost).
BEUMER India has already positioned itself as the key reliable systems supplier in 2016 for this new split grinding and blending terminal market and management is confident to reap the first movers' advantage. In the last years BEUMER India organization has geared itself up to address all the business segments of BEUMER Group in India with order bookings in all business segments. In the last two years BEUMER India Private Ltd. has very strongly established itself as one of the important Captive Engineering Company serving the engineering needs to group companies in other regions of the world , serving engineering needs of BEUMER UK for their prestigious Heathrow Airport is one testimony , BEUMER Emirates & other group companies ..
BEUMER India Private Ltd has been successful in its traditional market of Cement for its business segment of Conveying and Loading Products, however in the last years it has established itself as a serious player in the Overland Conveying business and in the Cement Grinding and Bledning terminal of capacities from 50tons per hour to 150 tons per hours systems as well.
Further In the last few years BEUMER India has been established as the Market Leader in the field of Airport Baggage Handling Supplier in India. In last few years the company has been able to secure almost all Airport Baggage Handling System order within India and from Indian customers operating overseas. The team developed for the Sortation& distribution is seen in the market as one of the leanest and most effective.
In the last year the company has successfully secured and executed to top international standards India's first high speed sortation equipped Distribution Centre for India's biggest organized retail company Future Group. This facility shall be operational for Future Group by mid-2017 and shall be serving approximately 200 stores nationwide using state of the art BEUMER Group systems. With the emergence of e-commerce; growth in Organized Retail and Implementation of unified Tax Code Systems – GST by middle of 2017, BEUMER Group's offerings for the logistics business will bear much bigger and better fruits of success.
With the intent shown by the new government to simplify business with minimum government and maximum governance; along with many new initiatives and laws like; GST; new Motor Vehicle act (driving towards more automation and standardization in truck loads) building road and rail network etc., Indian growth story has already kick start and will surely bring the business of the company to bigger and better orbit.
BEUMERBeteiligungsgesellschaftmbH, parent Company of BEUMER India Private Limited (formerly known as BEUMER India Limited and Enexco Teknologies India Limited (‘ETIL’)) had one more wholly owned subsidiaries in India named as BEUMER Technology India Private Limited (‘BTIPL’), which was engaged in the business of design, manufacturers, assemblers, exporters, importers, dealers, representative, selling agents, buying agents, and suppliers of all kinds and varieties of engineering and technical product including conveying technology, loading technology, palletizing system, packaging products, sortation and distribution technology and /or any other products as manufactured, designed or procured.
Both M/s BEUMER Technology India Private Limited (“the Transferor/Petitioner Company”) and Enexco Technologies India Limited (“the Transferee/Petitioner Company”) had make a joint application vide Company Application (M) No. 96 of 2014 and Company Petition No. 669 of 2014 at the Hon’ble High Court of Delhi at New Delhi for getting sanction of the Scheme of Amalgamation and Hon’ble High Court of Delhi at New Delhi sanctioned the petition vide court order dated 3rd February, 2016.
The Scheme became effective from April 1, 2013, vide Approval of Form INC 28 dated 13th March 2016 and also w.e.f. 2nd February, 2017, BEUMER India Limited converted itself from to BEUMER India Private Limited.
Post-merger, Company is getting a positive synergy in operating terms and is slowly recovering from the losses and the same shall also reflect in positive financial outcome in terms of profits in years to come.
In
respect to its financial activities, the total income for the year was INR
128.430 million in positive as compared to loss of INR (321.615 million) from
the last year.
FIXED ASSETS:
·
Land
·
Buildings
·
Office building
·
Plant and equipment
·
Factory equipment’s
·
Furniture and fixtures
·
Vehicles
·
Office equipment
·
Computer equipment’s
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
1] INFORMATION ON
DESIGNATED PARTY
No records 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 records 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
|
INR |
|
US Dollar |
1 |
INR 67.77 |
|
UK Pound |
1 |
INR 89.96 |
|
Euro |
1 |
INR 78.86 |
INFORMATION DETAILS
|
Information
Gathered by : |
SHK |
|
|
|
|
Analysis Done by
: |
NIS |
|
|
|
|
Report Prepared
by : |
ARC |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--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 |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low risk
of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably on
secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the business
is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
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 are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.