SBICAP SBICAP Trustee Company Ltd. Trustee
Ref.no.2762/SBICTCL/DT/2019-20 Date: 6 November 2019
To,
BEML Limited BEML Soudha, No.23/1,
4th Main, S.R. Nagar Bangalore - 560 027
Sub:-Certificate_u/r 52(5) of SEBI (Listing Obligations & Disclosure Requirements)
Regulations, 2015, for NCDs Rs.300 Crores by BEML Limited (“Issuer”), for the half
year ended 30" September 2019,
Dear Sir/ Madam,
We are acting as Debenture Trustee for the captioned Debenture Issues. Pursuant to
Regulation 52(4) read with Regulation 52(5) of SEB! (Listing Obligations & Disclosure Requirements) Regulations, 2015, the issuer is required to submit its half yearly financial results with a certificate of Debenture Trustee, that the Debenture Trustee has noted the
contents furnished by the issuer as per the Regulation 52(4).
In pursuance thereof we hereby confirm that we have received the said information vide your email dated November 06, 2019 along with the relevant/ necessary supporting and we have
noted the contents of the financial results furnished by the issuer as per the Regulation 52(4) of the Regulations.
Yours faithfully, For SBICAP Trustee Company Limited
. \
Authorised Signatory
© www.sbicaptrustee.com Corporate Office : Registered Office :
+91 22 4302 5566 Apeejay House, 6th Floor, 202, Maker Tower E, +91 22 4302 5555 3, Dinshaw Wachha Road, Cuffe Parade, Mumbai - 400 005.
( +91 22 2204 0465 Churchgate, Mumbai, CIN : U65991 MH2005PLC158386 & [email protected] Pin - 400 020.
A Group Company of SBE
a) bensNEW FRONTIERS. NEW DREAMS
Manufacturing Units :
Bangalore Complex
Tel : 080-25242414
e-mail : [email protected]
KGF Complex
Tel : 08153-263020e-mail . bemiede @vsni.net.in
Mysore ComplexTel : 0821-2402422e-mail : bemlmys @ sancharmet.in
International Business Division
Tel : + 91-80-2222 2730, 2223 3350e-mail : [email protected]
Technology Division
Tel : + 91-80-2296 3100-109e-mail: office @ctd.bemi.co.in
Trading Division
Tel : + 91-80-22963113e-mail : office @trading beml.co.in
Regional Offices :
BilaspurTel : 07752-252082e-mail : [email protected]
Chennai
Tel : 044-28270792
e-mail : [email protected]
HyderabadTel : 040-23227032e-mail : hyderabad @ rm.bemlI.co.in
Kolkata
Tel : 033-22826314
e-mail : [email protected]
Mumbai
Tel : 022-22049490
e-mail : mumbai @rm.beml.co.in
NagpurTel : 0712-2248435e-mail . [email protected]
New Delhi
Tel : 011-23316500
e-mail ; [email protected]
Ranchi
Tel : 0651-2560370e-mail ranchi@rm,bemi.co.in
Sambalpur
Tel : 0663-2521604e-mail . [email protected]
SingrauliTel : 07805-268260e-mail : [email protected],co.in
BEML Service Centres:
Moula Ali, HyderbadTel : 040-27240873
e-mail ; sh @ Zonal.beml.co.in
Ongole - Service Activity CentreMobile No. ; 9440312607
Service Activity CentreKatni - 483501 (M. P.)Mobile No. : 9425156473
Service Centre & StoresKolkata - 700088
Tel : 033-24010782
e-mail : storeskolkotte @rm.bem!.co.in
af ¢ wy Wefalaes Wine. et SS § oS. esses, ARNIS. SSby,
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( CIN: L35202KA1964GO1001530) GoldenPeacock |
( A Govt. of India Mini Ratna Company under Ministry of Defence) Innovation Management Award
bE ‘é gee
Ref: CS/Bonds-SE/064 02.11.2019
Nonagneit
The BSE Limited
Department of Corporate Services
PJ Towers, Dalal Street
MUMBAI - 400001
DearSir,
Sub: Half yearly disclosure under Regulation 52(4) SEBI (Listing Obligations
and Disclosure Requirements) Regulations, 2015 - Reg.
Please find enclosed the following disclosures relating to the half-year
ended 30.09.2019 in compliance with subject Regulation.
1. Credit rating letter from M/s. Brickwork Ratings India Pvt. Ltd.
2. Asset cover Ratio and Debt Equity ratio as on 30.09.2019 as certified by
the Practicing Chartered Accountant.
3. The last payment of interest was made on 18.05.2019 (i.e., the half-
yearly due date). The next due date for payment of interest is
18.11.2019.
This is for your information and records.
Yours faithfully,
for BEML LIMITED
ewsvuS V Ravisekhar Rao
Company Secretary & Compliance officer
Encl: as above
Regd. Office. : ‘BEML SOUDHA’, 23/1, 4th Main Road, S. R. Nagar, Bangalore-560 027. INDIA
gears / Ph:080- 22963142 baer / Fax: 080- 22963142 ¥-Her / e-mail [email protected]
we; SEBIRegistered
| TIC RBI Accredited
0 * © NSIC Empanelled
= ry~s S
BWR/NCD/HO/ERC/RR/0293/2019-20 24 July 2019
Mr. Suraj Prakash
Director (Finance)
BEMLLimited
23/1, 4th Main Road
S R Nagar Bangalore — 560027
DearSir,
Sub: Review ofRating ofBEML Limited’s NCDsofRs. 300.00 Crs (Rupees Three Hundred
Crores Only)
Ref: BWR letters a.BWR/NCD/HO/CRC/VN/0238/2016-17 dated July 29, 2016
b. BWR/NCD/HO/SRC/AP/0321/2017-18 dated August 08, 2017
c. BWR/NCD/HO/ERC/AP/0254/2018-19 dated July 27, 2018
Ona review of BEML Limited’s performance based on the information andclarifications provided
by your company,as well as information available in public sources, Brickwork Ratings informs you
that the rating assigned to BEML Limited's outstanding, secured, redeemable NCDs amounting to
Rs. 300.00Croreshas beenreaffirmed as follows:
oe
i.
a.
Rupees Three Hundred Crores Only
*Please refer to BWR website wwwbrickworkratings.com/ for definition ofthe ratings
#Payable Semi Annually on 18/05 & 18/11
(Prenounced asBWR Double AA)
Outlook: Stable
Reaffirmed
(Pronounced as
BWRDouble AA)
Outlook:Stable
Instruments with this rating are considered to have High degree ofSafety regardingtimely servicing of
financial obligations. Such instruments carry Low Credit Risk
The Ratingis valid for one year from the date ofthis letter subject to the terms and conditions that were
agreed in your mandate dated 22 Feb 2012 and other correspondence, if any, and Brickwork Ratings’
standard disclaimer appended below. Brickwork Ratings would conduct surveillance every yeartill
maturity/redemption of the instrument. You are requested to provide No Default statement on
monthlybasis.
Page 1 of 2
Brickwork Ratings India Pvt. Ltd.
3rd Floor, Raj Alkaa Park, Kalena Agrahara, Bannerghatta Road, Bengaluru - 560076
Phone: +91 80 4040 9940 + Fax: +91 8040409941 | [email protected] * www.BrickworkRatings.com
Ahmedabad + Bengaluru * Chandigarh + Chennai + Guwahati + Hyderabad + Kolkata * Mumbai + NewDelhi
CIN: U67190KA2007PTC043591
4htySEBI Registered
Irickverk™ RBI Accredited< | NSIC Empanelled
“4 Ty nr?
BEMLLimited BWR/NCD/HO/ERC/RR/0293/2019-20
Please note that Brickwork Ratings would need to be kept informed of any information/developmentthatmay affect your performance without any delay. Weare also enclosing the press release issued by usinthis regard. Kindly acknowledge.
Best Regards,
fea
RajeeSenior Director-RatingsBrickwork Ratings India Pvt Ltd
Note: In case of all valid Ratings, respective Rating Rationale is published on BrickworkRatings website. Interested persons are well advised to refer to our websitewww.brickworkratings.com, if they are unable to view the rationale, they are requested to
inform us on
Disclaimer: Brickwork Ratings (BAR) has assigned the rating based on the information obtained from the issuer and other reliable sources, whieh are
deemed to be accurate. BWR has taken considerable steps to avoid anydata distortion; however, it does not examine the precision or completeness of the
information obtained. And hence,the information in this report is presented “as is” without any express or implied warrantyof any kind, BWR does not make
Any representation in respect to the truth ot aecumeyof any such information, The rating assigned by BWR should be treated as an opinion rather thin a
recommendation to buy, sell or hold the rated instrument and BWR shall not be linble for anylosses incurred by users from anyuse of this report or its
contents, BWR has the right te change, suspend or withdraw the ratings at any time for any reasons.
Page 2 of 2
V.KRISHNAN & CO.
CHARTERED ACCOUNTANTS
AUDITORS’ CERTIFICATE
On the basis of our examination of the audited books of account of The BEML
LIMITED (the “Company”), Beml Soudha 23/1 4th Main S.R. Nagar Bangalore -
960027 for the half year ended as at 30th September, 2019 and according to the
information and explanations given to us by the management of the Company, we
certify that the figures contained in the Annexure 1 “ Assets Cover Ratio: have
been correctly extracted from the audited accounts and other relevant records of
the Company.
This certificate is being issued at the request of the Company towards submission
to BSE Limited as per listing agreement for debt securities issued by the Security
Exchange Board of India and should not be used for any other purpose without our
prior written consent.
For V. Krishnan & CO.CHARTERED ACCOUNTANTS
FRN.: 0015418
PARTNER
M.No.:023819
Bangalore, 2" November, 2019 VDINI 190423819 AAAADALEIS
“Lalith Mahal”, # 135, Registrar PeriyasamyStreet, Sankaranpalayam,Vellore — 632001, Tamilnadu.Phone: 0416-2222760. E-mail: [email protected]; [email protected].
Bem1] LimitedBeml Soudha, 23/1 4th Main S.R. Nagar
Bangalore - 560027
Annexure 1
Computation of Assets Cover Ratio as on 30.09.2019
(Rs. Crores)
Combined Secured Assets to Combined Secured Loans
Combined Secured Assets
Written Down Value of Fixed AssetsLess: Leasehold Land
Capital work-In-progress
Combined Secured Assets (A)
Combined Secured Loans
Total Secured Loan
Combined Secured Loans (B)
Combined Security Assets/Combined Secured Loans (A/B)
Beml LimitedBem! Soudha, 23/1 4th Main S.R. Nagar
Bangalore - 560027
Debt Equity Ratio as on 30.09.2019
Debt (Long Term Loans)
Borrowings = Long Term
Equity Capital
For BEML LIMITED
a
(Vivek V Nayak)Chief General Manager (Finance)