MIRA
INFORM REPORT
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Report Date : |
04.10.2007 |
IDENTIFICATION DETAILS
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Name : |
TATA BP SOLAR |
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Registered Office : |
Plot No. 78, Electronic City, |
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Country : |
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Financials (as on) : |
31.03.2006 |
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Date of Incorporation : |
27.11.1989 |
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Com. Reg. No.: |
54390 |
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CIN No.: [Company
Identification No.] |
U74999MH1989PLC054390 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
BLRT00399A |
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Legal Form : |
It is a Closely Held Public Limited Liability company. It is a subsidiary of BP Solar Holding Limited, |
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Line of Business : |
The Company is engaged in manufacture and sale of solar photovoltaic systems and modules and solar cells. |
RATING & COMMENTS
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MIRA’s Rating : |
Aa |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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 |
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Maximum Credit Limit : |
USD 5500000 |
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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 part
of Tata Group, Country’s premier industrial house. Subject is a well-established company and active in
marketing and developing non-conventional energy sources. The company has
turned the corner and doing very well with profitability rising every year.
Payments are reported as correct and as per commitments. The company can
be considered good for normal business dealings. |
LOCATIONS
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Registered Office : |
Plot No. 78, |
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Tel. No.: |
91-80-2852 00 81 / 2852 10 16 / 2852 10 17 / 2852 10 18 |
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Fax No.: |
91-80-2852 09 72 / 2850 01 16 |
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E-Mail : |
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Website : |
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Corporate Office : |
78, |
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Tel. No.: |
91-80-2235 8465 |
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Fax No.: |
91-80-2852 0972, 2852 0116 |
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E-Mail : |
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Factory 1 : |
Plot No. 78, |
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Factory 2 : |
Survey No. Part
43 & Part 44, Phase II, |
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Factory 3 : |
Plot No. 28/B, |
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Support
centres : |
Located At Ahmedabad, Allahabad, Aurangabad, Bangalore, Bhopal, Borsad, Bhubaneshwar, Kolkata, Coimbatore, Goa, Guwahati, Hyderabad, Jaipur, Jalandhar, Jalgaon, Jammu Tawi, Kancheepuram, Kanpur, Kochi, Lucknow, Madel Margaon, Madurai, Mumbai, Mysore, Nagpur, New Delhi, Patna, Pondicherry, Pune, Rajkot, Ranchi, Sangli, Shimoga, Solapur and Vadodara. |
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Regional
offices: |
Located At +
Tata
Centre, 6th Floor, 43, Tel No. 91-33-22880452 / 22887050 / 24769356 (Res.) Fax No. 91-33-22881736 E Mail : tbpsolar@vsnl.net Contact Person : Mr. Saugata Datta Tel No. 91-33-24769356 Mr. Subhedu Goswami Cell No. 98303 20722 Mr. Tapas Chakravarty +
UG-70-73,
World Trade Centre, Hotel Intercontinental Complex, Tel No. 91-11-2341 1537 / 8 Fax No. 91-11-2341 1539 Contact Person : Mr. G.S. Barara Tel : 91-33-27556171 (Res.) E Mail : bararags@tatabp.com
Mr. P. T. Thomas Cell No. 98112 07944 E Mail : thomaspt@tatabp.com
Mr. Khalid Nadeem Cell No. 98115 50628 E Mail : nadeemk@tatabp.com
Mr. Rahul Kshetrapal Cell No. 98114 28525 E Mail : rahulk@tatabp.com
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606-A, Gandhi Nagar, Tel No. 91-191-2455804 Fax No. 91-191-2454130 (pp) E Mail : tbp_jmu@sancharnet.in Contact Person : Mr. Amardeep Singh Raina Tel No. 91-191-2455804 Pager : 549000 43119 +
D-3010, Indiranagar, Tel No. 91-522-2356664 Fax No. 91-522-2356574 E Mail : amitkrtbp@vsnl.net Contact Person : Mr. Amit Kumar Tel No. 91-522-2716719 Cell No. 98390 13998 Mr. Vinoo Chouksey + No. 3010, Antelope Complex, 2nd Floor, Main Bazar, Leh – 194 101 Tel 01982 251551 E Mail : tbp_leh@vsnl.net Contact Person : Mr. Tsewang Stanzin +
SCO No. 222-223, Sector 34-A, Tel No. 91-172-2666262 +
No. 20, Ground Floor, Gulistan Complex, Tel / Fax : 91-20-254013208 / 24012741 / 26357638 Contact Persons : Mr. Arvind Karandikar Cell No. 98222-68594 E Mail : arvind.tabp@vsnl.net Mr. Sachin Nikam Cell No. 98221 95285 E Mail : sachin_tatabp@yahoo.co.in Mr. Amit Barve E Mail : amit.tabp@vsnl.net + C/o Business Centre, Sumeru Complex, Opp. Sadhana School, Paldi Char Road, Paldi, Ahemdabad – 380 006, Gujarat Tel No. 91-79-26578464 / 65 Fax No. 91-79-26579048 Contact Person : Mr. Mehul Desai Tel No. 91-79-26871772 Cell No. 98250 64373 E Mail : mdesai@satyammail.com +
78, Tel. No. 91-80-2358465 / 51194230 Fax No. 91-80-8520972 / 8520116 Contact Person : Mr. Ramesh K. N. Cell No. 98452-10318 E Mail : rameshkn@tatabp.com |
DIRECTORS
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Name : |
Mr. Syamal Gupta |
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Designation : |
Chairman |
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Name : |
A K Vora |
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Designation : |
Managing Director |
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Date of Birth/Age |
64 years |
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Experience : |
39 years |
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Date of Appointment : |
01.04.1990 |
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Last Employment Held: |
Tata International Limited Designation: General Manager |
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Name : |
Steve Westwell |
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Designation : |
Director |
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Name : |
Bertrand Boulin |
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Designation : |
Director |
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Name : |
A J Engineer |
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Designation : |
Director |
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Name : |
Craig Coburn |
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Designation : |
Director |
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Name : |
D P Mehta |
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Designation : |
Alternate to Craig Coburn |
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Name : |
Ashok Jhawar |
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Designation : |
Alternate to Steve Westwell |
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Name : |
H H Malgham (AUDIT COMMITTEE) |
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Designation : |
Chairman |
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Name : |
K Subramanya |
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Designation : |
Director / Chief Operating Officer |
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Date of Birth/Age |
52 years |
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Experience : |
30 years |
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Date of Appointment : |
01.04.1990 |
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Last Employment Held: |
Tata International Limited Designation: Deputy Manager |
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Name : |
D Guru |
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Designation : |
Vice President – Finance HR and Company Secretary |
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Date of Birth/Age |
44 years |
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Experience : |
20 years |
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Date of Appointment : |
06.04.1992 |
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Last Employment Held: |
Bharat Electronics Limited Designation: Assistant Manager |
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Name : |
Mr. Ravishankar |
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Designation : |
Senior General Manager (Operations) |
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Name : |
Mr. Keshav Prasad |
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Designation : |
Senior General Manager (Engineering and QA) |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
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Names of Shareholders |
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No. of Shares |
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BP Solar Holdings Limited, U. K. |
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1854743 |
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The Tata Power Company Limited |
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1781994 |
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The Tata Power Company Limited and Mr. Adi Engineer |
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1 |
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The Tata Power Company Limited and Mr. A. M. Sahni |
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1 |
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The Tata Power Company Limited and Mr. R. K. Kanga |
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1 |
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The Tata Power Company Limited and Mr. B. J. Shroff |
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1 |
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The Tata Power Company Limited and Mr. S. Venkatraman |
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1 |
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The Tata Power Company Limited and Mr. B. S. Suvarna |
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1 |
BUSINESS DETAILS
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Line of Business : |
The Company is engaged in manufacture and sale of solar photovoltaic systems and modules and solar cells. |
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Products : |
Ř Solar Cells Ř Educational Kits & Aids Ř Emergency Lights Ř Solar Lighting Systems Ř Navigational Aids Ř Pumps ( Water Lifting) Ř Solar Cell Panels Ř Solar Power Systems Ř Solar (Lanterns) and Solar Garden Lights |
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Brand Names : |
Ř TATA DEGP Ř TATA BP SOLAR |
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Exports : |
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Countries : |
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Imports : |
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Countries : |
Raw materials, components & spares and capital goods from Europe |
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Terms : |
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Purchasing : |
L/C |
PRODUCTION STATUS
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Particulars |
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Unit |
Installed
Capacity |
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Solar Photovoltaic Modules & Systems |
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KW |
38000 |
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Solar Cells |
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KW |
15100 |
GENERAL INFORMATION
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Suppliers : |
v
Behtel Electronics v
GV Enterprises v
Bright Industries v
v
Reliance Wood Industries v
YM Fabricators v
Asha Metal Industries v
Bindul Labels Private Limited v
Screen Tech v
PMB Associates v
Nag Fastening Systems v
Kabini Industries v
Divya Enterprises v
v
Pragathi printers v
Netra Electronics v
Leo Poly Products |
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No. of Employees : |
202 |
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Bankers : |
Ř
State Bank of Ř
BNP Paribas, |
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Facilities : |
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Banking
Relations : |
Good |
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Auditors : |
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Name : |
S B Billimoria
& Company Chartered Accountants
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Address : |
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Subsidiaries: |
Ř
BP Solar Ř
BP Solar Espana Ř
BP Solar International Limited Ř
BP Solar Pty Ř
Apex BP Solar Ř
BP Solarex Ř
BP AG Ř
BP Oil International Ltd Ř
BP Singapore PTE Ltd Ř
BP Solar Ř
Solarex Electric Ltd, Ř
Castrol India Limited Ř
BP International Limited, Ř
BP Solar Ř
BP Solar Ř BP Corporation NA, Inc |
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Associates: |
Ř
The Tata Power Company Limited Ř
Af-Taab Investment Company Limited Ř
Chemical Terminal Trombay Limited Ř
Tata Power Broadband Company Limited Ř
Alaknanda Hydro Limited Ř
Tata Power Trading Company Limited Ř Powerlinks Transmission Limited |
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Holding Company: |
BP Solar Holdings Limited |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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5,000,000 |
Equity Shares |
Rs. 100/- each |
Rs. 500.000 millions |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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3,636,743 |
Equity Shares |
Rs. 100/- each |
Rs. 363.674 millions |
Note: BP Solar Holdings Limited,
FINANCIAL DATA
[all figures are in
Rupees Millions]
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
31.03.2006 |
31.03.2005 |
31.03.2004 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
363.674 |
363.674 |
363.674 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
1016.319 |
714.844 |
520.783 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
1379.993 |
1078.518 |
884.457 |
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LOAN FUNDS |
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1] Secured Loans |
162.023 |
331.138 |
813.333 |
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2] Unsecured Loans |
0.000 |
55.980 |
83.500 |
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TOTAL BORROWING |
162.023 |
387.118 |
896.833 |
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DEFERRED TAX LIABILITIES |
36.356 |
0.000 |
0.000 |
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TOTAL |
1578.372 |
1465.636 |
1781.290 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
521.428 |
592.044 |
659.712 |
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Capital work-in-progress |
125.699 |
1.892 |
0.000 |
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INVESTMENT |
0.000 |
0.000 |
0.000 |
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DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
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412.693 |
883.650 |
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Sundry Debtors |
1429.721
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773.824 |
988.506 |
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Cash & Bank Balances |
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70.868 |
19.401 |
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Other Current Assets |
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0.000 |
0.000 |
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Loans & Advances |
572.375
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433.849 |
254.502 |
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Total
Current Assets |
2002.097
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1691.234 |
2146.059 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Current Liabilities |
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389.406 |
720.141 |
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Provisions |
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430.128 |
304.340 |
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Total
Current Liabilities |
1070.851
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819.534 |
1024.481 |
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Net Current Assets |
931.245
|
871.700 |
1121.578 |
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MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
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TOTAL |
1578.372 |
1465.636 |
1781.290 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
31.03.2006 |
31.03.2005 |
31.03.2004 |
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Sales Turnover |
4338.967 |
4630.428 |
3554.370 |
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Other Income |
29.481 |
51.795 |
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Total Income |
4368.448 |
4682.223 |
3554.370 |
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Profit/(Loss) Before Tax |
474.087 |
367.466 |
398.943 |
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Provision for Taxation |
89.676 |
100.696 |
101.000 |
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Profit/(Loss) After Tax |
384.411 |
266.770 |
297.943 |
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Earnings in Foreign Currency : |
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Export Earnings |
3081.444 |
3294.089 |
2192.118 |
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Services |
11.463 |
21.652 |
0.000 |
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Total Earnings |
3092.907 |
3315.741 |
2192.118 |
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Imports : |
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Raw Materials |
2428.938 |
2599.675 |
2087.760 |
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Capital Goods |
54.506 |
13.368 |
0.000 |
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Total Imports |
2483.444 |
2613.043 |
2087.760 |
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Expenditures : |
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Materials |
3239.885 |
3654.156 |
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Manufacturing, Selling and Administration
Expenses |
532.500 |
536.371 |
3155.427 |
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Interest |
15.834 |
31.518 |
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Depreciation |
106.141 |
102.712 |
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Provision for Contingencies |
0.000 |
(10.000) |
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Total Expenditure |
3894.361 |
4314.757 |
3155.427 |
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KEY RATIOS
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PARTICULARS |
|
31.03.2006 |
31.03.2005 |
31.03.2004 |
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PAT / Total Income |
(%) |
8.80
|
5.70 |
8.38 |
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Net Profit Margin (PBT/Sales) |
(%) |
10.93
|
7.94 |
11.22 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
18.79
|
16.09 |
14.22 |
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Return on Investment (ROI) (PBT/Networth) |
|
0.34
|
0.34 |
0.44 |
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Debt Equity Ratio (Total Liability/Networth) |
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0.89
|
1.12 |
2.17 |
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Current Ratio (Current Asset/Current Liability) |
|
1.87
|
2.06 |
2.09 |
LOCAL AGENCY FURTHER INFORMATION
Fixed
Assets
Telephone
Fax Machine
Air Conditioner
Computers
Buildings
Plant & Machinery
Office Equipments
Furniture & Fixtures
Vehicles.
OPERATIONS
The production of Solar
Cells for 2005 – 06 was 13463 kw whereas it was 14090 kw in 2004-05. The
production of Solar Modules in 2005-06 was 26363 kw whereas it was 30082 kw in
2004-05
The company
undertook the Project of expansion of the Solar Cell capacity by 27 MW
Finance
In spite of
‘hardening’ of interest rates, accumulated internal accruals and optimum
utilization of the Packing Credit in Foreign Currency (PCFC), have contributed
to reduction in interest cost. The interest cost for the year has come down to
Rs. 15.830 million (0.36% of sales) from Rs. 31.520 millions (0.68% of sales)
in 2004-05.
Gross Block
The Gross Block as
at 31.03.2006 stood at Rs. 975.270 million with additions of Rs. 38.680
millions during the year.
Income Tax
Due to exports through
Export Oriented Unit (EOU), the Company could save income tax to the extent Rs.
92.000 millions for the year 2005-06 (cumulative savings in income tax from
2002 till March 2006 due to exports through EOU is about Rs. 165.000 Millions.
The company has supplied and installed.
˜
Community power plants for the Andaman and Nicobar
electricity Department, Madhya Pradesh Urja Vikas Nigam, KSCST, etc. (9* 5KWP.
3*3KWp).
˜
750 nos. solar home lighting systems for the
Rajasthan Energy Development Agency-1995.
˜
40 nos. solar vaccine refrigerators for the Agency
for Non-Conventional Energy and Rural Technology, Kerala, UNICEF, etc.
˜
1500 nos. street lighting systems for the Grid
Corporation of Orissa Limited, Bhubaneshwar-1996.
˜
19,000 nos. of 10Wp modules to the Bihar State
Electronics Development Corporation,
˜
Nearly 100,000 nos. of 10Wp/12 WP modules to
various customers in
˜
Solar lanterns in excess of 8000 nos. at various
nodal agencies and for individual customers.
˜
3 nos. of 25 KW solar power plants for West Bengal
Renewable Energy Development Agency, an order won against global
competition-1999.
˜
500 nos. of HLS (Home Lighting Systems) for
˜
4000 nos. of HLS for Jammu and Kashmir Energy
Development Agency, which is the largest order for Home Lighting Systems in
India-1995.
˜
315 nos. of HLS for Arunachal Pradesh Energy
Development Agency.
˜
1100 nos. street lights to Orissa Renewable Energy
Development Agency.
˜
500 nos. of HLS to Ladakah Autonomous Hill
Development Council.
˜
100 nos. solar water purifiers to
˜
30 nos. garden lighting systems at
˜
700 nos. solar water pumping systems all over India
out of which, 135 nos. to Centre for Scientific Research, Auroville.
˜
Nearly 50,000 nos. SPV systems for rural telecom.
˜
13 nos. microwave power plants for Indian Railway.
˜
30 nos. SPV systems for Indian Oil Petrol
dispensing pumps.
˜
Several contracts for solar powered obstruction
lighting from NTPC, Power Grid Corporation of Orissa, BSES, etc.
˜
Several hundred solar powered LED signal lights to
Indian Railways.
The company has undertaken supply and installation of many specialized projects.
Some of them, the first of their kind in the country are:-
˜
110 KWp grids connect solar power plant supplied
and installed for Tata Electric Companies-1997.
˜
36.3 KWp grid Interactive Solar power plant
supplied and installed for Matrimandir, Auroville-1997.
˜
6 KWp building integrated PV system (Roof Top
System) supplied and installed for Mamta Machinery, Ahmedabad-1997.
˜
100 KWp power plants supplied and installed for
Madhya Pradesh Urja Vikas Nigam-1998.
˜
25 KWp roof top demand side management system supplied
and installed for Non-conventional Energy Development Agency, Uttar
Pradesh-1999.
˜
50 KWp roof top systems under execution for Punjab
Energy Development Agency.
˜
10 KWp solar grassfire hybrid roof top systems
supplied and installed for Tata Energy Research Institute, New Delhi-1999.
˜
7.7 KWp diesel solar hybrid system supplied and
installed for Non-conventional Energy Development Agency, Uttar Pradesh-1999.
The company has been accredited with ISO
9001 and ISO 14001 certification from BVQI London.
Tata BP Solar - Inheritors of a rich legacy
Tata BP Solar was set up as a Joint Venture between Tata Power and BP
Solar in November 1989.
Tata Power is one of the most respected names in the Power Sector in
For more than a decade, Tata BP Solar has been building on this rich legacy,
growing from strength to strength, moving forward from milestone to milestone.
And
what a glorious journey it has been! Technology that is truly state-of-the-art,
a team that shares the Company's vision and commitment to renewable energy, an
enviable and innovative product range, a track record that any organization
would be proud of and a sales graph that moves in just one direction: upwards!
Today,
Tata BP Solar has improved the quality of life of millions across
Leading by Example
Even as Tata BP Solar keeps pace with the times and embraces cutting-edge
technology, it believes that the real powerhouse behind the meteoric growth and
success of
The dedicated and talented men and women who make up the Tata BP Solar family
ably support this team.
Ancient Wisdom. Modern Technology
Tata BP Solar employs the most sophisticated technology to harness the
power of an energy source that is as old as life itself.
Tata
BP Solar's manufacturing facilities for Solar Photovoltaic and Solar Thermal
Products and Systems are the largest of their kind in the country. In fact, its
38 MW Solar Module Manufacturing Facility is one of the largest of its kind in
the world! Further enhancing these world-class facilities is the Solar Cell
Manufacturing Plant.
At these facilities in
Growing from strength to strength
Winning prestigious projects against stiff regional, national and global competition, a constantly expanding base of satisfied customers, working closely with some of the most respected NGOs... Tata BP Solar has, over the years, built an inimitable track record. And this is reflected in its financial performance.
National Acknowledgement. International Acceptance
Tata BP Solar is the first Solar Company in
Tata BP Solar products and systems have been
accorded approvals by various national and international test agencies. These
include:
Ř
ISPRA -
Ř
Underwriters Laboratories (UL)
Ř
Factory Mutual (FM)
Ř
IECQ (PV-GAP)
Ř
Solar Energy Centre (MNES)
Ř
Telecommunication Engineering Centre (DOT)
Ř
Railway Designs and Standards Organization (RDSO)
Ř
DGS&D
Ř
CQAL
Ř
ONGC
Ř
World Health Organization
Ř
Bureau of Indian Standards
Tata BP Solar's quest for excellence has been recognized and awarded by several
institutions.
|
YEARS |
AWARDS WON BY TATA BP SOLAR |
|
2005 |
Gold Award (Joint) in Engineering Category - Indian Manufacturing
Excellence Awards 2005 |
|
2005 |
SESI Business Leadership Award 2004 - Solar Thermal from Solar Energy
Society of |
|
2004 |
First Prize for Maximum Solar Water Heaters Installed during 1996-2004
by Government of Karnataka and KREDL |
|
2004 |
Second Prize for Maximum Solar Lights Installed during 1996-2004 by
Government of Karnataka and KREDL |
|
2003 - 04 |
Outstanding Achievement in Exports in the Large Scale Sector by ELCINA
- Electronics Component Industries Association, |
|
2003 - 04 |
Gold Award - Non SSI - Electronics & Communications - Government
of Karnataka |
|
2003 |
SESI Business Leadership Award 2002 - Solar Photovoltaic from Solar
Energy Society of |
|
2002-03 |
Excellence in Exports - Electronics & IT from ESC - Electronics
& Computer Software Export Promotion Council |
|
2002-03 |
Gold Award - Non SSI - Electronics & Communications - Government
of Karnataka |
|
2001 - 02 |
Outstanding performance towards exports of Solar products, Ministry of
Non conventional Energy Sources, Government of India |
|
2001 - 02 |
Gold Award - Non SSI - Electronics & Communications - Government
of Karnataka |
|
2001 - 02 |
Best performance Award, The Council of International Awards, |
|
2001 - 02 |
Excellent Export Performance - Niryat Shree Award, FIEO - Federation
of Indian Exports Organization |
|
2000- 01 |
Best Emerging Company Award, ESC - Electronics & Computer Software
Export Promotion Council |
|
2000- 01 |
All |
|
2000- 01 |
Gold Award - Non SSI - Electronics & Communications - Government
of Karnataka |
|
2000- 01 |
Excellent Export Performance - Niryat Shree Award, FIEO - Federation
of Indian Exports Organization |
|
1998-99 |
Highest Exports in Electronic Components (Non-SSI) from ESC -
Electronics & Computer Software Export Promotion Council |
|
1997 - 98 |
Outstanding contribution to the renewable energy sector, IREDA -
Indian Renewable Energy Development Agency |
|
1997 - 98 |
The Rajiv Gandhi National Quality Award |
As a pioneering, customer-centric organization,
Tata BP Solar constantly designs and develops innovative products that are best
suited to the needs. Safe, energy-efficient and environment-friendly, Tata BP
Solar’s world-class products are packed with features and backed by excellent
nation-wide sales and service support.
v Solar Powered Systems for Telecommunications
v Solar Water Heating for Swimming Pools
v Solar Domestic Water Heating Systems
v Solar Industrial Water Heating Systems
Complex Issues. Simple Solutions
On snow-clad mountains. On scorching desert sands. In the middle of thick
jungles. On stormy seas. In remote villages and bustling cities. In educational
institutions and office buildings. In dairies and on fields…
Tata
BP Solar has demonstrated its project management capabilities in almost every
corner of
The
applications varied: from lighting homes and streets to irrigating fields. From
providing reliable cost-effective power to telecommunication networks in rural
areas to meeting the hot water requirements of large industries. From providing
‘anytime, anywhere’ power to soldiers at remote borders to offering a range of
safety aids to drivers on highways…
The
challenges have been many. But Tata BP Solar has met every challenge
effectively. Transforming it into an opportunity to learn and grow.
While
each project is special to Tata BP Solar, there have been some that are closer
to the heart. You’ll find details of these projects here.
Project details for specific
applications available on request.
Today’s discerning customer would like be
equipped with all the information they need, before they choose a product. A
fact that The Company at Tata BP Solar understands – and appreciates. Which is
why, Tata BP Solar has developed information-packed brochures and leaflets for
all its products. These brochures will provide customers with all the salient
features and technical specifications of the products, to help them make an
informed decision. Some leaflets also anticipate and answer customer queries on
the products mentioned.
Relevant Products
Solar Powered
Lighting Systems
Solar Splash -
Swimming pool water heating systems
Vajra
International Solar Water Heating Systems
Vajra Solar Water Heating Systems
Customer Service
Improvement is a continuous process at TATA BP SOLAR INDIA LTD. The
company is thus constantly working towards improving their After-Sales-Service.
Making
their Service "Prompt" and "Reliable" is their Motto.
This is possible only through the Feedback that The Company
gets from their Customers and requests you to actively utilize this site and
help us increase the Quality of their Service.
Every quarter, Tata BP Solar reaches out to its many stakeholders
through Sunsells, a Newsletter which mirrors the many exciting
facets of this dynamic organization. Packed with the latest news and valuable
information, Sunsells also serves as the perfect forum for the large and
constantly-growing Tata BP Solar family to exchange ideas, share concerns and
address issues.
“Tata BP Solar wins Euro 2.6 M Telecom
Contract”
Tata BP Solar,
The
order for supply of Solar Power Systems for CORDECT Telecom network spread all
over the
Bhutan
Telecom has been a long standing and satisfied customer of Tata BP Solar.
The
410 kW project is valued at approx 2.6 Million Euro and the order will be
executed in 2005.
Tata
BP Solar has been providing dependable and robust power solutions for Telecom
networks across the country and overseas for over a decade. The solar systems
for telecommunications typically power loads for 1W single wireless terminals
to 4kW hybrid systems for backbone repeater stations. The applications include
rural payphones, single subscriber telephones, multi-access radio, digital and
analog microwave repeaters, and domestic satellite radio.
Tata
BP Solar is a Joint Venture between Tata Power Company, a pioneer in the power
sector in
Tata
BP Solar clocked a Sales Turnover of Rs.476 crores in 2004 (Calendar Year) with
exports touching Rs. 380 crores largely to
It’s another Himalayan Saga for Tata BP Solar!
Tata BP Solar will be venturing once more in the pure and rarefied atmosphere
of Leh,
the scenic region in the
The
order is for the design, manufacture, supply, installation and commissioning of
a 31.5 kWp Solar Power Plant and a 3.3 kWp Solar Power Plant at the Indian
Institute of Astrophysics Observatory at Hanle, Leh. The system will be
installed by August 2005.
The
Solar power plant is designed to cater to the power requirement of remotely
operated 2M Telescope in the high altitude area of Leh which is used for solar
and stellar observation. This order follows the one executed in 1999 for the
same customer at the same location.
The
system comprises of 200 Nos of 160 WP modules with the PCU and Batteries being
housed in a custom built control room with solar passivation architecture.
The
tough terrain of Ladakh is like a second home for Tata BP Solar, which has
successfully commissioned the maximum number of large, stand alone power plant
installations in the region. This includes a 40 kWp plant at Nuyoma, 25 x 4 kWp
Plants at Durbuk, a 31.5 kWp plant at Henle and a project that has created
waves in Ladakh: installing 8700 Solar Home Lighting Systems and delivering
6000 Solar Lanterns in a short time span to end-users living in 80
un-electrified villages, at altitudes between 8,500 ft and 16,500 ft above
sea-level.
With
an office in Leh (probably the highest office in the world – at 15000 ft!),
Tata BP Solar reiterates its commitment of catering to the needs of its
customers in the mountainous Ladakh region.
Tata
BP Solar is a Joint Venture between Tata Power Company, a pioneer in the power
sector in
Tata BP Solar clocked a Sales Turnover of Rs. 4690 Million in 2004-05, with exports touching Rs. 3370 Million.
Partners in Progress
Tata BP Solar has the distinction of being the only Indian solar company to regularly export its products and systems to over 27 countries across five continents!
It's "People First, Profits Later" philosophy has
seen Tata BP Solar reaching out to the remotest corners of India through a
well-established network of Regional Offices, Customer Support Centres, Dealers
and Marketing Associates.
Tata BP Solar also has a strong presence in the neighboring countries of
Tata BP Solar's innovative retail concept of Solar Shops offers customers the
best of Solar Products under one roof.
For Tata BP Solar its over 100 Dealers are "partners in progress".
Individuals who share Tata BP Solar's commitment to the development and
propagation of renewable energy. Together, Tata BP Solar and its Dealers have
played a pivotal role in popularizing Solar Powered Products across the length
and breadth of the country.
Website details
attached:
Background
Tata BP Solar is a joint venture of Tata Power and BP Solar.
Tata Power is a pioneer in Power Sector in
The objective of the Company is to develop and propagate
renewable energy in the form of Solar Power. Tata BP Solar’s sophisticated
manufacturing facilities in
Through a well-developed countrywide network of offices, customer support centres and dealers, they are able to service their customers professionally and promptly.
NATIONAL & INTERNATIONAL APPROVALS
Tata BP Solar has the distinction of obtaining ISO 9001
quality accreditation and ISO 14001 environmental standards accreditation from
BVQI,
|
|
ISPRA - |
|
|
Underwriters Laboratories (UL) |
|
|
Factory Mutual (FM) |
|
|
Solar Energy Centre (MNES) |
|
|
Telecommunication Engineering Centre (DOT) |
|
|
DGS&D |
|
|
CQAL |
|
|
ONGC |
|
|
Central Power Research Institute |
|
|
World Health Organization |
|
|
Bureau of Indian Standards |
|
|
Asian Institute of Technology |
|
|
|
|
|
Research Designs and Standards Organizations (RDSO) |
Another prestigious international recognition for Solar Modules from Tata BP Solar
An internationally recognized quality benchmark for photovoltaic products, the PV GAP Quality Mark is awarded to manufacturers for holding IECEE conformity assessment certification and ISO 9001 or similar Quality Management System Certification.
Much sought-after quality recognition in the PV industry in recent years. The PV GAP Quality Mark awarded to Tata BP Solar for its 1 WP to 80 Wp TBP Mono and Poly Crystalline Solar PV Modules, places the Company in an enviable position amongst five other Companies.
They also have the PV GAP approval for BP Solar Module Series.
ARUNODAYA
Solar Powered Products play a critical role in healing the world, conserving the planet’s fast-depleting resources and accelerating development in energy-starved regions…While it is important to create solar solutions that can be seamlessly integrated into the lives of their customers, it is equally important to get people to see Solar Energy, in the right light.
To achieve this, Tata BP Solar believes it is vital to engage like-minded individuals, decision-makers and opinion-leaders in an ongoing dialogue on Solar Energy and its awesome potential. Translating this belief into action is Tata BP Solar’s unique initiative: Arunodaya. The activities of this not-for-profit Programme include regular interactive sessions with NGOs, Educational Institutions, Research Establishments and Industries, with the objective of promoting and propagating Solar Energy.
|
|
Solar water heaters |
|
|
Solar lanterns |
|
|
Solar home lighting |
|
|
Solar power packs for homes |
|
|
Solar water pumps |
|
|
Industrial solar water heating systems |
|
|
Building Integrated Photovoltaics |
|
|
Solar streetlights |
|
|
Solar Flashers |
|
|
Solar arrow boards for highways |
|
|
Solar Road Studs |
|
|
Solar Power packs |
|
|
Solar Man-packs for military applications |
|
|
Solar Vaccine Refrigerator |
Solar Solutions
for Specific Sectors
• Tejas Solar
Power Packs for Rural Education
• Sun Bank Solar
Power Packs for Rural Banks
• Arogya Solar
Solutions for Primary Health Centres
• Pragathi Solar
Solutions for Rural Development
• Suraksha Solar Solutions
for Road Safety
• Sanchar Solar
Power Systems for Telecommunications
• Raksha Solar
Solutions for Police Stations / Outposts
STRONG FINANCIALS
Tata BP Solar is
planning several strategic diversifications to complement and augment its
current product mix, which will be in harmony with the policy of being market
leaders in Solar Photovoltaic and Solar Thermal Systems through constant
quality improvement, innovation and customer satisfaction.
EXPORTS
Tata BP Solar is the only Indian Solar Company to regularly
export solar cells, modules, solar power systems and solar hot water collectors
to SAARC Countries,
AWARDS
|
Gold Award in the Engineering Category of the Indian Manufacturing Excellence
Award (IMEA) 2005, instituted by Frost & Sullivan |
||
|
ELCINA Award for Outstanding Achievement in Exports in the Large Scale
Sector, for the year 2003 - 2004, from the Electronic Industries Association
of India |
||
|
First Prize for maximum Solar Water Heaters installed during 1996
2004, from the Govt. of Karnataka and the Karnataka Renewable Energy
Development Ltd. |
||
|
Sectoral Award instituted by the Electronics and Computer Software Export
Promotion Council ( |
||
|
First Prize in the Non-SSI/Electronics Category for Outstanding Export
Performance for the years 2000, 2001, 2001-2002, 2002 03 and 2003-04. The
Awards are instituted by the Department of Industries and Commerce, Govt. of
Karnataka. |
||
|
The International Award for Best Performance for the year 2001 2002,
from the Council of International Awards, |
||
|
Niryat Shree and Niryat Bandhu Award by the Federation of Indian
Export Organization for excellent Export Performance for the year 2000-2001
and 2001-2002 |
||
|
An Award from the Electronics and Computer Software Export Promotion Council
for Excellence in Exports under Non-SSI : Electronic Components Category |
||
|
Special Award for Best Performance in Export of Solar Energy Products
from Ministry of Non-Conventional Energy Sources, Govt. of |
||
|
|
Rajiv Gandhi National Quality Award from Bureau of Indian Standards |
||
|
Business Leadership Award for Photovoltaics from Solar Energy Society
of India |
||
|
Award from India Renewable Energy Development Agency for outstanding
contribution to the renewable energy sector |
||
|
A Commendation by the CII Leadership & Excellence Award in Safety,
Health and Environment |
COMMUNITY SERVICE
Tata BP Solar has
always believed in being a good Corporate Citizen. Community initiatives have always
been focus areas of this responsible Company.
As a long term community development
initiative, Tata BP Solar partners with two NGOs (APSA and Yuvaloka), to
support the education of underprivileged children and enable them to join the
mainstream of life.
The community
initiatives over the last year include:
|
Provision of uniforms to 575 children in both institutions. |
||
|
A Computer Lab has been set up and Audio Visual Equipment provided at
these Institutions. |
||
|
Four Sewing Machines donated, which have helped young girls learn life
skills and become economically independent. |
||
|
54 Lockers donated to APSA, which the children have been using to
store books, clothes and other items. |
||
|
Additionally, 25 Solar Streetlights donated and successfully installed
in the earthquake-devastated villages of Urusa, Chakara, Gwaita, Isham and
Nawarunda. |
||
|
To ignite young, curious minds by providing an insight in the Solar
Energy, its applications and advantages, Tata BP Solar regularly arranges
technical lectures followed by a visit to the Tata BP Solar facilities.
Towards this, a technical lecture was held for the students of |
||
|
Solar Modules and Solar Cells donated for Solar Energy Workshop
organized by the Maharashtra Institute of Technology (MIT). More than 150
teachers and a few students participated in the Workshop. The Modules and
Cells will be used as teaching material and demonstration aid to students of
high schools in remote locations. |
NETWORK
Tata BP Solar has an extensive dealer / distributor network
spread all over
Growing to serve...
Another demonstration of Tata BP Solar’s commitment to its customer is the establishment of the Authorized Service Centres (ASC) to deliver quicker and more reliable service to their customers. Over 8 such Centres have been set up in major cities. Many more are on the anvil.
Press Release
$
21 March 2007
Today at the inauguration of a new 36MW solar photovoltaic (PV) production line, the board of Tata BP Solar confirmed that this represents another step towards realizing the designed potential of the 300MW plant. The new production line has seen TBPS more than double its cell manufacturing capacity to reach some 50MW per annum. The next phase of the expansion will see an additional 128MW of cell manufacturing capacity added during 2007-8.
As well as the cell manufacturing capacity increase, the Tata BP Solar board has also approved investments which will double the facility’s module manufacturing capacity from 45MW to 85MW by end 2007.
The Tata BP Solar board expects the total investment required to achieve the plant’s full designed potential of 300MW to be in the order of US$300 million by 2010, generating a sizable number of jobs directly and many more indirectly. This investment will ensure Tata BP Solar, already a leader in cell manufacture and the design of solar solutions, retains its position as the largest manufacturer of solar PV products in the Indian sub-continent.
“This announcement confirms their commitment to maintaining
market leadership by developing sustainable clean energy activities in
“The Tata BP Solar team is dynamic, skilled and experienced.
They are proud of its excellent track record in safety and performance
delivery,” said Lee Edwards, CEO, and BP Solar. “They are confident that Tata
BP Solar will continue to deliver high quality products and services to diverse
markets in both rural and urban areas. The talent and dedication of the
The state-of-the-art technology, developed by BP Solar and
manufactured by Tata BP Solar, will deliver products and solutions that serve
both the Indian and global markets, earning substantial foreign exchange
earnings for
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 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. 39.56 |
|
|
1 |
Rs. 80.30 |
|
Euro |
1 |
Rs. 55.76 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
8 |
|
PAID-UP CAPITAL |
1~10 |
8 |
|
OPERATING SCALE |
1~10 |
8 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
8 |
|
--PROFITABILIRY |
1~10 |
8 |
|
--LIQUIDITY |
1~10 |
8 |
|
--LEVERAGE |
1~10 |
8 |
|
--RESERVES |
1~10 |
8 |
|
--CREDIT LINES |
1~10 |
8 |
|
--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 |
|
72 |
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. |
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 |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|