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MIRA INFORM REPORT
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Report
Date : |
07.11.2006 |
IDENTIFICATION
DETAILS
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Name : |
ENERCON (INDIA) LIMITED |
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Registered
Office : |
Plot No.
33 Daman Patalia Road, Bhimpore, Daman – 396 210, Union Territory |
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Country
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India |
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Financials
(as on) : |
31.03.2005 |
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Date
of Incorporation : |
10.05.1993 |
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Com.
Reg. No.: |
56-3236 |
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CIN
No.: |
U01122DD1993PLC003236 |
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TAN
No.: (Tax
Deduction & Collection Account No.) |
BLRE00726F/SRTE00116E |
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Legal
Form : |
A closely held
public limited liability company |
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Line of
Business : |
Manufacturer of
wind turbines |
RATING & COMMENTS
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MIRA’s
Rating : |
Ba |
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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Maximum
Credit Limit : |
USD
10000000 |
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Status
: |
Satisfactory
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Payment
Behaviour : |
Regular |
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Litigation
: |
Clear |
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Comments
: |
Subject
is a well – established and reputed company having satisfactory track.
Directors are reported as experienced and respectable businessmen. Trade relations
are reported as fair. Business is active. Payments are usually correct and as
per commitments. The
company can be considered good for normal business dealings at usual trade
terms and conditions. |
LOCATIONS
DIRECTORS
|
Name : |
Dr. Aloys
Woben |
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Designation
: |
Chairman |
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Address
: |
Aurich, Germany |
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Date
of Birth/Age : |
22nd January, 1952 |
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Name : |
Mr.
Yogesh Mehra |
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Designation
: |
Managing Director |
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Name : |
Mr. Ajay
Mehra |
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Designation
: |
Director |
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Name : |
Ms. Juanita
Fromme |
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Designation
: |
Director |
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Name : |
Mr. Mehra Jogidernath Y |
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Designation
: |
Director |
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Address
: |
10/2 Mehra House, Vile Parel (West), Mumbai – 400053 |
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Date
of Birth/Age : |
1th December, 1959 |
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Name : |
Mr. Mehra Jogidernath Ajay |
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Designation
: |
Director |
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Address
: |
10/2 Mehra House, Vile Parel (West), Mumbai – 400053 |
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Date
of Birth/Age : |
6TH December, 1955 |
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Name : |
Mr. Fromme Junita |
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Designation
: |
Director |
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Address
: |
Bremen, Germany |
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Date
of Birth/Age : |
23rd June, 1961 |
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Name : |
Mr. Monnerjahn Martin |
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Designation
: |
Director |
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Address
: |
Aurich, Germany |
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Date
of Birth/Age : |
26th January, 1968 |
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Name : |
Mr. Ketting H |
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Designation
: |
Director |
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Address
: |
Aurich, Germany |
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Date
of Birth/Age : |
23rd November, 1957 |
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Name : |
Mr. M Karmakar |
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Designation
: |
Director |
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Address
: |
Raj Manor, Malad (West), Mumbai – 400064 |
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Date
of Birth/Age : |
29th April, 1956 |
KEY EXECUTIVES
|
Name |
Mr. Yogesh Mehra |
|
Designation |
Managing Director |
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Date
of Birth |
01/12/1959 |
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Qualification |
B.Com |
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Experience |
8 Years in Related Field |
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Previous
Employment |
20 Years |
MAJOR SHAREHOLDERS
|
Names of Shareholders |
No. of Shares |
|
Enercon
GmbH, Germany |
4032000 |
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Mr. Mehra Jogidernath Y |
832000 |
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Mr. Mehra Jogidernath Ajay |
680000 |
BUSINESS DETAILS
|
Line
of Business : |
Manufacturer of wind turbines |
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Products
: |
Ř Wind Mills Accessories and Parts Ř Rotor Blade |
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Brand
Names : |
“E-30” and “E-40” |
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Exports
to : |
Germany |
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Imports
from : |
Germany |
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Terms
: |
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Selling : |
90%
locally and 10% in international market against 100% payment on
commissioning. |
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Purchasing : |
Credit
locally (90 days) and for overseas (180 days) terms. |
PRODUCTION STATUS
|
Particulars |
Unit |
Installed Capacity |
Actual Production |
|
E-30 |
Nos. |
200 |
59 |
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E-40 |
Nos. |
100 |
37 |
GENERAL INFORMATION
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Customers
: |
Ř Bannari
Amman Sugar Limited Ř Bharat
Forge Limited Ř Reliance
Energy Limited Ř Birla
Yamaha Limited Ř Chordia
Food Products Limited Ř Choksi
Tubes Limited Ř Hotel
Sun-n-Sand Ř Ghodawat
Group. Ř
Indo Shell Casting Private Limited Ř J'sons
Foundry Private Limited Ř Kirloskar
Copeland Limited Ř Liberty
Oil Mills Limited Ř Madras
Cements Limited Ř Mohite
and Mohite Ř New
Sahayadri Industries Limited. Ř Parle
Products Limited Ř Patel
Shanti Steels Private Limited Ř Pidilite
Industries Limited Ř Sakal
Papers Limited Ř SP
Spinning Mills Limited Ř Shilpa
Antibiotics Limited Ř Shriram
Group. Ř Siddaganga
Oil Extractions Limited Ř Suttatti
Enterprises Private Limited Ř Texmo
Industries Limited Ř TVS
Srichakra Limited Ř Vijay
Solvex Limited Ř Ambica
Cotton Mills Limited Ř RK
Marbles Group Ř LNJ Group
-Bhilwara Ř Shraddha
Constructions Ř KPR Mills Ř VXL
Systems Ř Gujrat
Gardian Limited Ř Mahadev
Soaps Ř DCW
Limited Ř Karnataka
Power Corporation Limited Ř Sun-n-Sand
Hotels Limited Ř South
India Corporation Limited Ř Tata
Finance Limited Ř Jindal
Aluminium Ř Texmo
Industries Ř Kalani
Industries Ř Yamuna
Gases and Chemical Limited |
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No. of
Employees : |
900 |
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Bankers
: |
Ř Corporation Bank, Mumbai,
Maharashtra Ř Bank of Bahrain and Kuwait,
Mumbai, Maharashtra Ř State Bank of Hyderabad, Mumbai,
Maharashtra Ř Centurion Bank, Mumbai,
Maharashtra Ř UTI Bank, Mumbai, Maharashtra Ř Credit Lyonnais, Mumbai,
Maharashtra Ř The Vysya Bank Limited, Mumbai,
Maharashtra Ř Union Bank of India Ř ABN Amro Bank, Mumbai, Maharashtra |
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Facilities : |
Cash Credit – Rs. 170.024 Millions Working Capital – Rs. 677.500 Millions Interests on Rs. 1.652 Millions Foreign Currency Loan – Rs. 878.799 Millions ST Loan – Rs. 250.000 Millions Vehicle Loan – Rs. 14.980 Millions Plant & Mach Loan – Rs. 5.655 Millions Office Equip Loan – Rs. 16.674 Millions |
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Banking Relations : |
Satisfactory |
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Auditors
: |
Deloite
Haskins and Sells Chartered
Accountants, 12, AB Road, Worli, Mumbai – 400018 |
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Associates/Subsidiaries
: |
Ř Enercon Exports (India) Limited Kolsite
House, Plot No. 31, Shah Industrial Estate, Veera Desai Road, Andheri
(West), Mumbai-400053, Maharashtra, India -
Manufacturers and Exports printed circuit boards, control panels, pitch
boxes and relay boxes to enercon GmbH. Shareholding’s of parent company –
100% Ř Enercon Wind Farms (India) Limited Kolsite
House, Plot No. 31, Shah Industrial Estate, Veera Desai Road, Andheri
(West), Mumbai-400053, Maharashtra, India -
Generation of Power
Shareholding’s of Parent Company – 26% |
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Parent
Company : |
Enercon
GmbH, Germany Dreekamp
5, D-26605, Aurich, Germany Tel. No.
49/4141/927-0 -
Manufacturers
and Selling of Wind Turbines Shareholding’s of parent company – 56% |
CAPITAL STRUCTURE
Authorised
Capital :
|
No. of
Shares |
Type |
Value |
Amount |
|
9,000,000 |
Equity
Share |
Rs. 10/- |
Rs. 90.000 millions |
|
1,500,000 |
Equity
Share |
Rs. 100/- |
Rs. 150.000 millions |
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Grand Total |
|
Rs. 240.000 millions |
Issued,
Subscribed & Paid-up Capital :
|
No. of
Shares |
Type |
Value |
Amount |
|
7,200,000 |
Equity
Shares |
Rs. 10/- |
Rs. 72.000 millions |
|
9000000 |
Preference
Shares |
Rs. 100/- |
Rs. 90.000 millions |
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|
Grand Total |
|
Rs. 207.000 millions |
FINANCIAL DATA
[all figures are in Rupees Millions]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
|
31.03.2005 |
31.03.2004 |
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SHAREHOLDERS
FUNDS |
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1] Share
Capital |
|
162.000 |
207.000 |
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3]
Reserves & Surplus |
|
2586.611 |
2024.484 |
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NETWORTH
|
|
2748.611 |
2231.484 |
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LOAN
FUNDS |
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1]
Secured Loans |
|
2015.284 |
1152.279 |
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2]
Unsecured Loans |
|
1315.492 |
487.728 |
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TOTAL
BORROWING
|
|
3330.776 |
1640.007 |
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DEFERRED
TAX LIABILITIES |
|
208.280 |
94.079 |
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TOTAL
|
|
6287.667 |
3965.570 |
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APPLICATION OF FUNDS
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FIXED ASSETS [Net Block]
|
|
1200.538 |
531.939 |
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Capital work-in-progress
|
|
90.268 |
17.049 |
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INVESTMENT
|
|
1071.608 |
524.056 |
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CURRENT ASSETS, LOANS & ADVANCES
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Inventories
|
|
3951.785 |
1195.351 |
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Sundry Debtors
|
|
4085.839 |
3813.590 |
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Cash & Bank Balances
|
|
261.249 |
623.778 |
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Other Current Assets
|
|
7.301 |
14.502 |
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Loans & Advances
|
|
1350.682 |
1182.417 |
Total Current Assets
|
|
9656.856 |
6829.638 |
|
Less : CURRENT LIABILITIES & PROVISIONS
|
|
|
|
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Current Liabilities
|
|
5373.948 |
3590.421 |
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Provisions
|
|
357.655 |
346.691 |
Total Current Liabilities
|
|
5731.603 |
3937.112 |
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Net
Current Assets
|
|
3925.253 |
2892.526 |
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|
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TOTAL
|
|
6287.667 |
3965.570 |
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PROFIT & LOSS ACCOUNT
|
PARTICULARS |
|
31.03.2005 |
31.03.2004 |
Sales Turnover [including other income]
|
|
8903.988 |
7096.132 |
|
|
|
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Profit/(Loss) Before Tax
|
|
749.224 |
704.289 |
Provision for Taxation
|
|
174.200 |
71.400 |
Profit/(Loss) After Tax
|
|
575.024 |
632.889 |
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|
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Export Value
|
|
34.227 |
65.035 |
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|
|
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Import Value
|
|
4094.070 |
2134.450 |
|
|
|
|
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Total Expenditure
|
|
30.856 |
13.126 |
KEY
RATIOS
|
PARTICULARS |
|
|
31.03.2005 |
31.03.2004 |
PAT / Total Income
|
(%)
|
|
6.45 |
8.91 |
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Net Profit Margin
(PBT/Sales) |
(%) |
|
8.41 |
9.92 |
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Return on Total Assets
(PBT/Total
Assets} |
(%) |
|
6.90 |
9.56 |
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|
Return on Investment (ROI)
(PBT/Networth) |
|
|
0.27 |
0.31 |
|
|
|
|
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|
Debt Equity Ratio
(Total
Liability/Networth) |
|
|
3.29 |
2.49 |
|
|
|
|
|
|
Current Ratio
(Current
Asset/Current Liability) |
|
|
1.68 |
1.73 |
LOCAL AGENCY FURTHER INFORMATION
The company was originally incorporated in Mumbai having
company registration No. 11-71899. The registration office has been shifted to
Daman w.e.f. from 22.05.2003 and a new com. Reg. No. 56-003236 of Daman
Registry was obtained
The company is in the business of producing wind turbine
generators.
Investment in the share of subsidiaries during the year:
- Enercon
India Power Development Private Limited: 100000 shares of Rs. 10 each
- Enercon
Infra Utilities: 12500 shares of Rs. 10 each
- GI
Wind Farms: 2005000 shares of Rs. 10 each
- Enercon
Wind Farms : 10465200 shares of Rs. 10 each
- Enercon
Financial Consultancy: 10000 shares of Rs. 10 each
AS PER WEBSITE
ENERCON GmbH's
global slogan " ENERGY FOR
THE WORLD ". It
launched its operations in India in the year 1994 with the formation of its
subsidiary ENERCON (INDIA) LIMITED.
As market leader
in Germany , ENERCON worldwide has already installed over 7400 Wind Energy
Converters (WEC's) all over the world with total installed capacity crossing
6600 MegaWatt.
Enercon
(India) Limited is a Joint Venture between Foreign Promoter Enercon
GmbH, Germany and the Indian Promoters Mehra Group with a share holding
position of 56% and 44% respectively.
Enercon Financial Consultancy Private
Limited (EFCPL) is a 100% Subsidiary of Enercon (India) Limited and
To provide the valuable service of assisting its projects with funding options.
Enercon (India) Power Development Private
Limited (EIPDPL) is born out on Enercon's objective
to achieve the target of establishing 1000 MW of clean energy by the year 2010.
It is a 100% owned subsidiary of Enercon (India) Limited (EIL).
CONCRETE tower Manufacturing for E-48
The 8000 square meter tent surface is
situated in Jamnagar, Gujrat. ENERCON's first mobile prefab concrete tower
factory has been put up. Arranged in a figure eight, this double tent measures
50 m in diameter through the main section and is 36 meters high. 74 m high E-48
towers will be produced here in 18 segments with a 5.50 m base diameter and a
tower top diameter of 1.80 m.
Corporate Profile
Enercon India Limited (EIL) is
ISO-9001:2000
certified for
manufacturing, installation and services. It is supported with the latest
design and development from its Principals, Enercon GmbH.
- EIL is a 56:44 venture between
Enercon GmbH & The Mehra family of Mumbai.
- EIL's commercial operations
commenced in 1995.
- It is an ISO 9001:2000
certified company for manufacturing, installation and services.
- Has successfully implemented
SAP and connected all sites with V-SAT.
- Has two manufacturing plants
at Daman for Wind Energy Convertor and manufacturing plant at Sadodar,
Gujarat for Concrete Tower.
- More than 1700 employees are
working for EIL.
- Manufactures and markets two
models with ratings
330 KW (E-33) and 800 KW (E-48). - Turnover was Rs 8.90 billion
in the year 2004-05
- EIL's Net Worth was more than
Rs.2.75 billion as at 31-March-2005.
- Total gross block of Rs. 1.45
billion.
- Presence in major high
potential states viz. Gujarat, Karnataka, Madhya Pradesh, Maharashtra,
Rajasthan, Tamilnadu, and Andhra Pradesh.
Financial
Highlight
- At Enercon, their total installations crossed 1,000 WECs
and 500 MW benchmarks during year 2004-05.
- In a short span of ten years, EIL has installed 1,205
Wind Energy Converters all over India with total installed capacity of 565
MW by end of 31 March, 2005.
Landmark
events of 2004-2005
- Concrete Tower Facility in Jamnagar,
Gujarat is up and running. Pre-stressed concrete tower technology has been
introduced in India for the first time by EIL this year and the facility
was established in a short duration of 8 months. This enables EIL install
WECs at a hub height of 74 meters resulting into higher generation,
especially in low and medium wind regimes. It is economical to maintain
projects with concrete towers, as there is no exposure to corrosion .
- Two new models of WECs - E33 and E48 -
along with new blade design were introduced this year. Continuous R&D oriented towards
India's needs and characteristics aimed at improving the cost
effectiveness of the power generated has enabled introduction of two new
models - E33 (330KW) and E48 (800KW) - with a revolutionary rotor blade
profile. Higher hub heights, improved blade design and efficient
generation and control systems combined together enables EIL scale new
heights in power generation and cost effectiveness .
- Extension of Manufacturing Unit 2 for
capacity increase. In a short span of only 6 months, this extension was
achieved. This expansion has taken the total manufacturing capacity of EIL
to 700 E48 WECs and 100 E33 WECs .
- Enercon Training Academy at Udhwada
going operational. EIL believes in taking the best quality WECs to the
market place. The quality consciousness at EIL is not just a word - it is
a very serious ingredient of the manufacturing and service process.
Enercon Training Academy is imparting training and education to personnel
at various stages of their career. This state-of-the-art facility caters
solely to the Enercon Family to begin with and gradually achieve the
status of ultimate destination for engineering education related to wind
energy .
New Things
Coming Up
- Additional blade manufacturing plant at Daman.
- Enercon Corporate House at Mumbai on plot of Land
measuring 1,688 sq.mts near the present corporate office is identified for
setting up 40,000 sq. ft. Corporate House in Mumbai.
CUSTOMERS
Their customers
can be broadly divided into five segments. Mentioned below are these segments
along with an example of one customer for each one of them.
Captive consumer
Bharat Forge Limited
Captive consumer, also selling to (SEBs)
Jindal Aluminium Limited
Selling to private parties
CEPCO Inductries Private Limited
Power Utilities
Karnataka Power Corp. Limited
Reliance Energy Limited.
EIL’s list of customers reads like
a veritable roster of blue chip companies. The most remarkable aspect of their
customers is that a large number of them have come back for repeat orders. Can
there be a better testimony of customer delight? Here are a few of EIL’s
custsomers :
Enercon's customer base is spread across India covering all
states identified with commercial feasible wind potential.
Quality
Policy
They consider it
as their fundamental concern to understand the needs and requirements of their
esteemed customers and are committed to give products and services that
consistently meet the agreed up on reqirements and needs of their customers.
They are committed to Total Quality Management for
achieving Business Growth through Customer Delight, at optimum costs by-
- Implementation
of a Quality Management System based on ISO 9001 : 2000 international
standards.
- Continual
improvement of these systems as well as process by establishing measurable
objectieves and by periodically reviewing them.
- Competence
development of Human Resources
QUALITY
OBJECTIVES
- To
identify, establish, implement and continually improve Business Management
Processes.
- To
improve production as well as inspection processes to achieve better
productivity and quality
- To
ensure timely availability of Materials, Machines and Manpower.
- To
ensure timely delivery of products & servieces
- To
continually develop competence of employee
The Enercon
way
It
is not technology alone. Enercon's strict adherence to a 10-Point Programme has
created enduring competitive advantages for the company, leave alone financial
stability and security.
1. EMPOWERMENT OF PEOPLE:
At Enercon, they believe that business is all about
people. They invest in both values and knowledge in their people. They empower
them to serve their clients in the best possible way.
2. FINANCIAL COMMITMENT:
Enercon reinvests its profits in the development of
plants and processes. Enercon's commitment to the wind energy industry is
complete.
3. GLOBAL KNOWLEDGE BASE:
Enercon can cater to any kind of requirement almost
anywhere in the world. Over the years, Enercon has acquired comprehensive local
knowledge of climatic conditions, infrastructure facilities and statutory
obligations on a global scale.
Enercon is the only company in the world to have the
distinction of installing WEC's in the extremely severe conditions of
Antarctica.
Unique learning accrued from such installations gets
institutionalized and helps Enercon to serve its customers better in other
parts of the globe as well.
4.
THE SERVICE EDGE:
Extensively trained service professionals are
available in all the markets to provide lifetime care of all Enercon wind
energy converters.
They follow a rigorous maintenance regimen for all the
wind energy converters, leaving virtually nothing to chance.
5.
COMPLETE CONTROL ON PRODUCTION:
Thanks to in-house manufacturing of all key
components, Enercon's production takes place according to the most stringent
quality standards.
Technology transfer to all their production facilities
across the world results in timely delivery of design-wise compatible products
and services.
6.
RESEARCH AND DEVELOPMENT:
With the largest team of research engineers in the
wind energy sector Enercon's Research and Development is characterized by its
ability to constantly push the envelope.
7.
QUALITY CENTERED PROCESS CONTROL:
Enercon has ISO-9001 certification for its quality
system. In addition, Enercon also sets and acts on its own benchmark on
quality. Enercon's Quality Protocol system is a fail-safe mechanism to create
all round accountability by enabling the tracking of manufacturing and
servicing history of each every operation.
8.
STANDARDISED PROCESSES:
The company develops its own process engineering
systems according to requirements.
This ensures a uniform and consistent manufacturing standard at all Enercon
production facilities throughout the world.
9.
VENDOR CARE:
Enercon believes in developing long term, win-win
relationships with its vendors. That is why, its suppliers too never compromise
on Enercon's quality standards. Furthermore, Enercon's engineers work together
with its vendors to continually upgrade product quality to ever-higher
standards.
10.
ENVIRONMENTAL CONCERN:
Enercon is engaged in constant dialogue with power
utilities, economic policy makers and consumers, to promote the cause of clean
energy.
Enercon's commitment to clean energy goes much beyond
pure business motives.
Enercon's sense of responsibility towards mitigating the environmental
degradation of their planet due to the use of fossil fuels forms the bedrock of
its corporate philosophy.
E-33
The E-33 offers
absolute freedom in terms of siting as well as unmatched flexibility as regards
transport, assembly and maintenance as an ideal basis for combination with
other regenerative sources of energy or storage systems.
The prefabricated
components of the steel tower, nacelle and rotor unit can easily be transported
in containers and erected on site using a modular assembly system and a
standard crane without any difficulty.
The ENERCON modular
construction also means that the plant offers great ease of maintenance. The
systematic arrangement of the components makes repair work or inspections much
simpler.
As a result most maintenance can be
carried out directly on site instead of back at the works, something which
minimises operating costs. No matter where the converter is installed.
E-33 TECHNICAL DATA
Rated capacity : 330 kW
Rotor diameter : 33.4 m
Hub height : 50 m
Rotor with Pitch Control
Type : Upwind rotor with active pitch control
Direction of rotation : Clockwise
Number of blades : 3
Length of blades : 14 m
Swept area : 876 m˛
Blade material : Fiberglass (reinforced epoxy) with integral lightning
protection
Rotor speed : Variable, 18-45 rpm
Tip speed : 25 - 75 m/s
Pitch control : Three synchronized blade pitch system with battery back-up
Generator : Synchronous - Type
Hub : Rigid
Bearings : Tapered roller bearings
Grid Feeding : AC - DC - AC through Convertor - Invertor
Braking System : 3 independent Aero Brakes
with emergency battery back up supply.
Yaw Control : Active through adjustment gears, friction
damping
Cut-in Wind Speed : 3 m/s
Rated Wind Speed : 12 m/s
Tower : Steel Tubular
E-33 PRODUCT EXPERTISE
ENERCON OFFERS A TRULY
VALUED SERVICE FROM CONCEPT TO COMMISSIONING AND EVEN MORE
- Selection of Site
- MicrositingPlan
- Acquisition of land
- All Government clearances
- Assist in getting finance
- Supply , installation and commissioning of the Project
- Operation of the wind farm
- Offers unique comprehensive
"Operation and Maintenance" package which including spares,
consumables and any break-down maintenance at a fixed O&M price.
"THUS, TRULY
A HASSLE FREE GREEN ENERGY PROJECT FOR A PROMOTER" for a lifetime from
Enercon.
-48
The E-48 is one of
ENERCON's most attention-grabbing products. The converter, which is described
in specialist circles as a "new engineering standard" makes an
economic centre out of virtually any wind site. Alone the large number of
almost 3,400 sites makes it plain that the E-48 results in success both in
coastal regions and inland.
All the more
impressive are the empirical values which have been compiled and converted to a
high-tech system. What was provided by its predecessor in the 500 kW
performance class in terms of practical data, is qualified by the current E-48
featuring 800 kW technology in striking ENERCON design, catering for the most
extreme wind sites between Europe and Australia.
E-48 TECHNICAL DATA
Rated capacity : 800 kW
Rotor diameter : 48 m
Hub height : 56.85m and 74.85 m
Rotor with Pitch Control
Type : Upwind rotor with active pitch control
Direction of rotation : Clockwise
Number of blades : 3
Length of blades : 20.7 m
Swept area : 1810 m˛
Blade material : Fiberglass (reinforced epoxy) with integral lightning
protection
Rotor speed : Variable, 16-31.5 rpm
Tip speed : 41 - 78 m/s
Pitch control : Three synchronized blade pitch system with battery back-up
Generator :
Synchronous - Type
Hub : Rigid
Bearings : Tapered roller bearings
Grid Feeding : AC-DC-AC
through Convertor - Invertor
Braking System : 3
independent Aero Brakes with emergency back up supply.
Yaw Control : Active
through adjustment gears, friction damping
Cut-in Wind Speed : 2 m/s
Rated Wind Speed : 12 m/s
Tower : Steel
Tubular / Concrete
E-48 PRODUCT EXPERTISE
ENERCON OFFERS A TRULY
VALUED SERVICE FROM CONCEPT TO COMMISSIONING AND EVEN MORE
- Selection of Site
- MicrositingPlan
- Acquisition of land
- All Government clearances
- Assist in getting finance
- Supply , installation and
commissioning of the Project
- Operation of the wind farm
- Offers
unique comprehensive "Operation and Maintenance" package which
including spares, consumables and any break-down maintenance at a fixed
O&M price.
"THUS, TRULY
A HASSLE FREE GREEN ENERGY PROJECT FOR A PROMOTER" for a lifetime from
Enercon.
Service
Academy
Service Academy:
Trained manpower is a crucial
asset of an organisation. In the growing global economy, training and
development of human competence sharpens the competitive edge of an enterprise.
Professional excellence and management commitment are the cornerstones of an
organisation that sustains its growth, quality of service that ultimately
assures customer’s delight!!
Enercon
(I) Limited recognizes the potential of trained human resource and has embarked
on an ambitious project of creating a world-class training academy at Daman,
India
Customer
Finance
Enercon Financial Consultancy Private
Limited
Enercon Financial Consultancy Private
Limited (EFCPL) is a 100% subsidiary of Enercon (India) Limited (EIL). The
entity is set up with an objective to organise through innovative financial
structures meeting the long term funding requirements of the projects.
They will tailor make the optimum financial
solutions for the Enercon's IPP projects in India and abroad as well as for the
EPC customers of EIL. These non-conventional financial solutions will optimise
the cost of borrowings and the corresponding tenors of the debt.
In its endeavour to achieve the above said
objectives, EFCPL has a team of specialists with a blend of engineering talent
with financial acumen. EFCPL presently operates from Mumbai and New Delhi and
will soon have a presence in the southern part of the country as well.
They have successfully achieved financial
closure with long term funding of more than INR 4,500 Million by using -
1. Revival
of financial leasing
2. International
credit enhancements through ECA
3. Domestic
credit enhancements through Financial Institutions
4. Securitisation
mechanism etc
EFCPL closely interacts with various
financial institutions and banks both in India and abroad. They also plan to
enter into the insurance consultancy and brokering business. They continue
their efforts through radical and non-conventional thinking to bring about
effective long term financial solutions to Enercon's customers because they
believe
Daily
Generation Report
Daily Generation Report
One of the major activity and key benefit of
ENERCONCARE is its online Daily Generation Report (DGR).
Thanks to VSAT and SAP, they are able to provide
reports of electricity, generated by each and every WECs on almost realtime
basis. Their Customers can get to see performance of their machines any time on
their website. This can be accessed through their Customer Section with a
secure Login ID and Password.
Online Project Progress Report
EIL has began the activities of delivering online
Project Progress Report to it's valued customers so as to know the status of
Machine Installation, Erection and Commissioning.
Their Customers can get to see the project progress
of their machines any time on their website. This can be accessed through their
Customer Section with a secure Login ID and Password.
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
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.68 |
|
UK Pound |
1 |
Rs.85.17 |
|
Euro |
1 |
Rs.57.07 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP
CAPITAL |
1~10 |
6 |
|
OPERATING
SCALE |
1~10 |
6 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS
SCALE |
1~10 |
7 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT
LINES |
1~10 |
6 |
|
--MARGINS |
-5~5 |
- |
|
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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER
MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
54 |
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 |
Unfavourable & favourable
factors carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
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 |