MIRA
INFORM REPORT
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Report Date : |
29.07.2008 |
IDENTIFICATION
DETAILS
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Name : |
TATA BP SOLAR INDIA LIMITED |
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Registered Office : |
Block A Shivsagar
Estate Dr. A B Road, Worli, Mumbai – 400 018, Maharashtra |
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Country : |
India |
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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.: |
08-54390 |
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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 : |
A Closely Held Public Limited Liability Company. It is a
subsidiary of BP Solar Holding Limited, U.K. |
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Line of Business : |
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 6900000 |
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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 : |
Block A Shivsagar Estate Dr. A B Road, Worli, Mumbai – 400 018,
Maharashtra, India |
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Corporate Office : |
Plot No. 78, Electronics City, Hosur Road,
Bangalore - 560 100, Karnataka, India |
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Tel. No.: |
91-80-2235 8465 / 2852 00 81 / 2852 10 16 / 2852 10 17 / 2852 10 18 /
6660 1300 / 4070 2000 / 4070 3000 |
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Fax No.: |
91-80-2852 0972 / 2852 0116 |
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E-Mail : |
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Websites
: |
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Factory 1 : |
Plot No. 78, Electronics City, Hosur Road, Bangalore
- 560 100, Karnataka, India |
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Factory 2 : |
Survey No. Part 43 & Part 44, Phase II,
Electronics City, Hosur Road, Bangalore - 560 100, Karnataka, India |
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Factory 3 : |
Plot No. 28/B, Electronics City, Hosur Road,
Bangalore - 560 100, Karnataka, India |
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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, Chowringhee Road, Kolkata – 700
071, West Bengal 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 Mobile
: 91- 98300 58877 Mr.
Subhedu Goswami Cell
No.91-98303 20722 Mr.
Tapas Chakravarty +
UG-70-73, World Trade Centre, Hotel Intercontinental Complex,
Barakhamba Road, New Delhi – 110 001 Tel
No. 91-11-2341 1537 / 8 Fax
No. 91-11-2341 1539 Contact Person : Mr.
G.S. Barara Tel
: 91-33-27556171 (Res.) Mobile
: 91-98110 48677 E
Mail : bararags@tatabp.com
Mr.
P. T. Thomas Cell
No. 91-98112 07944 E
Mail : thomaspt@tatabp.com
Mr.
Khalid Nadeem Cell
No.91- 98115 50628 E
Mail : nadeemk@tatabp.com
Mr.
Rahul Kshetrapal Cell
No. 91-98114 28525 E
Mail : rahulk@tatabp.com
+
606-A,
Gandhi Nagar, Jammu, Jammu & Kashmir 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, Lucknow – 226 016, Uttar Pradesh 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.91- 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, Chandigarh Tel No. 91-172-2666262 +
No. 20,
Ground Floor, Gulistan Complex, Hidayatullah Road, Pune – 411 001 Tel / Fax : 91-20-254013208
/ 24012741 / 26357638 Contact Persons : Mr. Arvind Karandikar Cell No. 91-98222-68594 E Mail : arvind.tabp@vsnl.net Mr. Sachin Nikam Cell No. 91-98221 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. 91-98250 64373 E Mail : mdesai@satyammail.com +
78,
Electronics City, Hosur Road, Bangalore – 561 229, Karnataka Tel. No. 91-80-2358465 /
51194230 / 6660 1300 / 4070 2000 Fax No. 91-80-8520972 /
8520116 / 28520 116 Contact Person : Mr. Ramesh K. N. Cell No. 91-98452-10318 E Mail : rameshkn@tatabp.com +
205, Abhishree, Opp. Iskon Mall, Tel :
91-79-65416676 +
103, I
Floor, Tel : 91-20-26138783, 26138262 +
No.28,
Mahalaxmi Market, Tel: 91-771 409 4455 / 6 +
Room # 424,
4th Floor Tel : 91-9934310049 +
Shrachi
Tower Tel : 91-33-64550452 +
UG/70-74,
World Trade Centre Tel :91-11-2341 1537 / 8 / 9 |
DIRECTORS
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Name : |
Mr. Syamal Gupta |
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Designation : |
Chairman |
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Name : |
Mr. 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 : |
Mr. Steve Westwell |
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Designation : |
Director |
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Name : |
Mr. Bertrand Boulin |
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Designation : |
Director |
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Name : |
Mr. A J Engineer |
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Designation : |
Director |
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Name : |
Mr. Craig Coburn |
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Designation : |
Director |
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Name : |
Mr. D P Mehta |
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Designation : |
Alternate to Craig Coburn |
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Name : |
Mr. Ashok Jhawar |
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Designation : |
Alternate to Steve Westwell |
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Name : |
Mr. H H Malgham (AUDIT COMMITTEE) |
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Designation : |
Chairman |
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Name : |
Mr. 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 : |
Mr. 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 : |
Manufacture and Sale
of Solar Photovoltaic Systems and Modules and Solar Cells. |
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Products : |
Ø Solar Cells Ø Educational Kits & Aids Ø Emergency Lights Ø Solar Lighting Systems Ø Navigational Aids Ø Pumps ( Water Lifting) Ø Solar Cell Panels Ø Solar Power Systems Ø Solar (Lanterns) and Solar Garden Lights |
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Brand Names : |
Ø TATA DEGP Ø
TATA BP
Solar |
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Exports : |
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Countries : |
Australia, Europe
and USA and those in Africa, South East Asia and Saudi Arabia |
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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 Para Fine
Industries 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 Ravi Enterprises v Pragathi
printers v Netra
Electronics v Leo Poly
Products |
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No. of Employees : |
202 |
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Bankers : |
Ø State Bank of India,
IFB, Residency Road, Bangalore-560 100, Karnataka, India Ø
BNP Paribas, Bangalore Branch, M.G. Road, Bangalore-560 100,
Karnataka, India |
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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 : |
Bangalore-560 100, Karnataka, India |
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Subsidiaries: |
Ø BP Solar Arabia Ø BP Solar Espana Ø BP Solar
International Limited Ø BP Solar Pty
Australia Ø Apex BP Solar Ø BP Solarex Ø BP AG Germany Ø BP Oil
International Limited Ø BP Singapore PTE Limited
Ø BP Solar Malaysia Ø Solarex Electric
Limited , Hong Kong Ø Castrol India
Limited Ø BP International
Limited, UK Ø BP Solar Columbia Ø BP Solar Brazil Ø
BP Corporation NA, Inc |
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Associates: |
Ø The Tata Power
Company Limited Ø Af-Taab
Investment Company Limited Ø Chemical Terminal
Trombay Limited Ø Tata Power
Broadband Company Limited Ø Alaknanda Hydro
Limited Ø Tata Power
Trading Company Limited Ø
Powerlinks Transmission Limited |
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Holding Company: |
BP Solar Holdings Limited UK |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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5000000 |
Equity Shares |
Rs. 100/- each |
Rs. 500.000 millions |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
|
3636743 |
Equity Shares |
Rs. 100/- each |
Rs. 363.674 millions |
Note: BP Solar Holdings Limited, UK, the holding
Company holds 1854743 Equity Shares of Rs. 100.00 each fully paid up.
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 |
|
412.693 |
883.650 |
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Sundry Debtors |
1429.721
|
773.824 |
988.506 |
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Cash & Bank Balances |
|
70.868 |
19.401 |
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Other Current Assets |
|
0.000 |
0.000 |
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Loans & Advances |
572.375
|
433.849 |
254.502 |
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Total
Current Assets |
2002.097
|
1691.234 |
2146.059 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Current Liabilities |
|
389.406 |
720.141 |
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Provisions |
|
430.128 |
304.340 |
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Total
Current Liabilities |
1070.851
|
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
|
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
|
PARTICULARS |
|
31.03.2006 |
31.03.2005 |
31.03.2004 |
|
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) |
|
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
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, Patna.
˜
Nearly 100,000 nos. of 10Wp/12 WP modules to various customers in India,
including government nodal agencies for solar lanterns.
˜
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 Assam Science Technology and
Environment Council, Guwahati-1999.
˜
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 Lakshadweep administration-1999.
˜
30 nos. garden lighting systems at Brindavan Gardens, Mysore-1998.
˜
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
The company was set up as a Joint Venture
between Tata Power and BP Solar in November 1989.
Subject is one of the most respected names in the Power Sector in India and BP
Solar, one of the largest Solar Companies in the world.
For more than a decade, subject 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,
subject as improved the quality of life of millions across India and the world!
Illuminating homes, powering communities, connecting people, enriching farmers,
fuelling interest in this clean, reliable, and noise free energy source and
encouraging its use everywhere.
Leading by Example
Even as the company keeps pace with the times and embraces cutting-edge
technology, it believes that the real powerhouse behind the meteoric growth and
success of India's No.1 Solar Company, are the people behind it. The team of
committed and competent professionals, who share the Company's vision, who
participate in its mission, who believe in its values.
The dedicated and talented men and women who make up the company family ably
support this team.
Ancient Wisdom. Modern Technology
Subject employs the most sophisticated technology to harness the power
of an energy source that is as old as life itself.
The
company'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 Bangalore, India, are born a range of high
quality, innovative Solar Products that cater to individual customers, large
institutions as well as entire communities. For custom-designed Projects, the
Company utilizes hi-tech computerized system-sizing design tools.
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. The company
has, over the years, built an inimitable track record. And this is reflected in
its financial performance.
National Acknowledgement. International
Acceptance
The company is the first Solar Company in India
to have been awarded the ISO 9001 Certification from BVQI, London. It is also
the first (and only) Solar Company in India to obtain the ISO 14001
Environmental Standards Accreditation from BVQI, London.
The company products and systems have been
accorded approvals by various national and international test agencies. These
include:
Ø
ISPRA - Italy
Ø
Underwriters Laboratories (UL)
Ø
Factory Mutual (FM)
Ø
IECQ (PV-GAP)
Ø
Solar Energy Centre (MNES)
Ø
Telecommunication Engineering Centre (DOT)
Ø
Railway Designs and Standards Organization (RDSO)
Ø
DGS and D
Ø
CQAL
Ø
ONGC
Ø
World Health Organization
Ø
Bureau of Indian Standards
The company's quest for excellence has been recognized and awarded by several
institutions.
|
YEARS |
AWARDS WON BY The company
|
|
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 India |
|
|
|
|
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, New Delhi |
|
|
|
|
2003 - 04 |
Gold Award - Non SSI - Electronics and Communications - Government of
Karnataka |
|
|
|
|
2003 |
SESI Business Leadership Award 2002 - Solar Photovoltaic from Solar
Energy Society of India |
|
|
|
|
2002-03 |
Excellence in Exports - Electronics and IT from ESC - Electronics and
Computer Software Export Promotion Council |
|
|
|
|
2002-03 |
Gold Award - Non SSI - Electronics and 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 and Communications - Government of
Karnataka |
|
|
|
|
2001 - 02 |
Best performance Award, The Council of International Awards, UK |
|
|
|
|
2001 - 02 |
Excellent Export Performance - Niryat Shree Award, FIEO - Federation
of Indian Exports Organization |
|
|
|
|
2000- 01 |
Best Emerging Company Award, ESC - Electronics and Computer Software
Export Promotion Council |
|
|
|
|
2000- 01 |
All India Trophy for Highest Exporters, EEPC - Engineering Export
Promotion Council |
|
|
|
|
2000- 01 |
Gold Award - Non SSI - Electronics and 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 and 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, the company constantly designs and develops innovative products that
are best suited to the needs. Safe, energy-efficient and environment-friendly,
The company’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…
Subject
has demonstrated its project management capabilities in almost every corner of
India, Bhutan, Nepal, Sri Lanka, Bangladesh, Afghanistan and Mauritius.
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 the company has met every challenge effectively.
Transforming it into an opportunity to learn and grow.
While
each project is special to the company, there have been some that are closer to
the heart.
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 the company understands – and appreciates. Which is
why, subject 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
·
BIPV
·
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 the company. 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, the company 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 subject family to exchange ideas, share
concerns and address issues.
“Tata BP Solar wins Euro 2.6 M Telecom Contract”
The company, India’s largest Solar Company has won a project from
Alcatel Contracting GmbH, Germany.
The
order for supply of Solar Power Systems for CORDECT Telecom network spread all over
the Bhutan Kingdom was won against stiff international competition and the
project is funded by DANIDA, Denmark. The CORDECT network includes VOIP,
Switching system, Backbone Network and Subscriber terminals.
Bhutan
Telecom has been a long standing and satisfied customer of the company.
The
410 kW project is valued at approx 2.6 Million Euro and the order will be
executed in 2005.
Subject
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.
Subject is a Joint Venture between Tata Power
Company, a pioneer in the power sector in India and BP Solar, one of the
largest solar companies in the world. The company is totally focused on
designing, engineering, manufacturing, supplying and installing Solar
Photovoltaic and Solar Thermal systems that cater to both domestic and
industrial needs.
Subject
clocked a Sales Turnover of Rs.4760.000 millions in 2004 (Calendar Year) with
exports touching Rs. 3800.000 millions largely to USA and European countries.
It’s another Himalayan Saga for Tata BP Solar!
Subject will be venturing once more in the pure and rarefied atmosphere of Leh,
the scenic region in the Himalayas. The order from the Indian Institute of
Astrophysics (IIAP), Bangalore, India (part of the Department of Science and
Technology, Government of India), won against stiff competition, is valued at
about Rs.10.0 Million (US $ 228,000).
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 subject, 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!),
subject reiterates its commitment of catering to the needs of its customers in
the mountainous Ladakh region.
Subject
is a Joint Venture between Tata Power Company, a pioneer in the power sector in
India and BP Solar, one of the largest solar companies in the world. The
company is totally focused on designing, engineering, manufacturing, supplying
and installing Solar Photovoltaic and Solar Thermal systems that cater to both
domestic and industrial needs.
Subject clocked a
Sales Turnover of Rs. 4690 Million in 2004-05, with exports touching Rs. 3370
Million.
Partners in Progress
Subject 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 subject reaching
out to the remotest corners of India through a well-established network of
Regional Offices, Customer Support Centres, Dealers and Marketing Associates.
Subject also has a strong presence in the neighboring countries of Nepal,
Bhutan, Bangladesh and Sri Lanka.
The company's innovative retail concept of Solar Shops offers customers the
best of Solar Products under one roof.
For the company its over 100 Dealers are "partners in progress".
Individuals who share subject's commitment to the development and propagation
of renewable energy. Together, the company and its Dealers have played a
pivotal role in popularizing Solar Powered Products across the length and
breadth of the country.
Fixed Assets
·
Telephone
·
Fax Machine
·
Air
Conditioner
·
Computers
·
Leasehold Land
·
Buildings
·
Plant and
Machinery
·
Office
Equipments
·
Furniture and
Fixtures
·
Vehicles.
Website details
attached:
Background
It is a joint venture
of Tata Power and BP Solar. Tata Power is a pioneer in Power Sector in India
and one of the largest companies in the Tata Group. BP Solar is one of the
largest solar companies in the world. It was incorporated on 27 Nov 1989 and
the commercial production started on 1 Feb 1991.
The objective of
the Company is to develop and propagate renewable energy in the form of Solar
Power. The company’s sophisticated manufacturing facilities in Bangalore are
the largest of their kind for Solar Photovoltaic and Solar Thermal Products and
Systems, in India. The Company designs, engineers, manufactures and installs
these systems to cater to both domestic and industrial needs. For
custom-designed solar electric projects, the Company employs computerized
system-sizing design tools.
Through a
well-developed countrywide network of offices, customer support centres and
dealers, they are able to service their customers professionally and promptly.
NATIONAL and INTERNATIONAL APPROVALS
The company has the
distinction of obtaining ISO 9001 quality accreditation and ISO 14001
environmental standards accreditation from BVQI, London. The company products
and systems have been accorded approvals by various test agencies such as:
· ISPRA - Italy
· Underwriters Laboratories (UL)
· Factory Mutual (FM)
· Solar Energy Centre (MNES)
· Telecommunication Engineering Centre (DOT)
· DGSandD
· CQAL
· ONGC
· Central Power Research Institute
· World Health Organization
· Bureau of Indian Standards
· Asian Institute of Technology
· Arizona State University - USA
· Research Designs and Standards Organizations (RDSO)
Another prestigious
international recognition for Solar Modules from the company
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 the company 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,
the company 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 It’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.
PRODUCT RANGE
· 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
The company 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
It is the only
Indian Solar Company to regularly export solar cells, modules, solar power
systems and solar hot water collectors to SAARC Countries, Australasia, USA,
EU, Latin America, Africa, Afghanistan, Far East and the Middle East Nations.
Partners in
Progress
Subject 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 the company reaching out to the
remotest corners of India through a well-established network of Regional
Offices, Customer Support Centres, Dealers and Marketing Associates.
Subject also has a strong presence in the neighboring countries of Nepal,
Bhutan, Bangladesh and Sri Lanka.
The company's innovative retail concept of Solar Shops offers customers the
best of Solar Products under one roof.
For company its over 100 Dealers are "partners in progress".
Individuals who share the company commitment to the development and propagation
of renewable energy. Together, subject and its Dealers have played a pivotal
role in popularizing Solar Powered Products across the length and breadth of
the
AWARDS
· Gold Award in the Engineering Category of the Indian Manufacturing Excellence Award (IMEA) 2005, instituted by Frost and 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 (India), in recognition of its export performance in the Non-SSI Category
· 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, UK
· 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 India
· 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 and Excellence Award in Safety, Health and Environment
COMMUNITY SERVICE
It 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, subject 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, it 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 St. Joseph’s College of Commerce, Bangalore, to spread awareness about Solar Energy, its applications and advantages.
· 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 India and the
neighbouring countries. They have set up a reliable, time-tested, trustworthy
partnership with over 100 dealers in India. To improve visibility, they have
opened a chain of Solar Shops managed by their dealers. This innovative retail
concept is playing a pivotal role in popularizing and selling solar products.
They currently have their own offices in Delhi, Kolkata, Pune, Ahmedabad,
Lucknow, Jammu, Leh, Raipur, apart from Bangalore.
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
Tata BP Solar and Aryavart Gramin Bank in the Spotlight
New Delhi, May 28,
2008: The Aryavart Gramin Bank has been chosen as one of the finalists for the
internationally recognized Ashden Awards given for inspirational sustainable
energy solutions.
The bank has literally lit up the lives of thousands of villagers across 6
districts in Uttar Pradesh by providing easy finance for the purchase of Tata
BP Solar home lights.
Tata BP Solar and its dealer, Solar Power System, have been able to demonstrate
the benefits of using solar power across villages in Uttar Pradesh. Easy
finance schemes from the Aryavart Gramin Bank have enabled villagers to procure
these high-quality and reliable solar-home-lighting systems at affordable prices.
Mr. K. Subramanya, CEO, Tata BP Solar India, said; “Our collaboration with the
visionary team at Aryavart Gramin Bank has provided over 8000 rural households
with affordable solar lighting systems. Together we are leading the way to a
progressive India. We believe that solar energy can play a significant role in
India’s economic progress and we are committed to making a major contribution
in this field. Our best wishes are with the bank as they gear up for the final
award ceremony.”
Grid power still remains a distant dream for a large number of villages in UP
where 70% of the population lives. Livelihood of farmers and education of
children can benefit hugely with proper access to power for this vast
population.
Another rural bank in Uttar Pradesh, Prathama Bank has similarly financed a
large number of solar lighting systems in Moradabad district. Two villages,
Ishapur and Lala Tikkar, far removed from power grid lines, have been
completely electrified by Tata BP Solar home lighting systems with easy finance
from Prathama Bank. Many other rural banks such as Gurgaon Gramin Bank and
Kashi Gomti Gramin Bank are also coming forward with similar easy finance
schemes to light up the villages the solar way.
Notes to editors
Ashden Awards:
Ashden Awards are
given to inspirational and innovative local sustainable energy projects from
Asia, Africa and
Latin America.
Seven international finalists from these regions were announced for the 2008
awards on 27 May in London. They will each receive prizes of up to £20,000 with
an overall Energy Champion winning up to £40,000. Aryavart Gramin Bank has been
declared one of the finalists for 2008. Mr. N. K. Joshi, Chairman, will
represent the Bank at the final award ceremony to be held in London on 19 June.
Mr. Joshi will make a technical presentation on the project to the final jury
at Imperial College London on 18 June. Mr. Amit Kumar from Tata BP Solar will
be present on both occasions.
Aryavart Gramin Bank:
Aryavart Gramin
Bank, Lucknow (Uttar Pradesh) is a regional rural bank. The bank uses solar
photovoltaic (PV) systems from Tata BP Solar to back-up the unreliable grid
power for some of its branches and recognised the potential of PV for its many
off-grid customers in rural areas. The Bank finances Tata BP Solar Venus Lights
with easy finance loans. The bank has been working in 6 districts across UP
spreading awareness about solar power systems. The Bank has held service camps,
awareness programmes and village meetings to promote Solar lights which have
been priced affordably. The villagers pay a small amount to the bank to get the
solar lights installed. The bank finances the remaining amount which is paid
back by the beneficiary in monthly installments over three to five years. The
bank appoints village promoters who are paid Rs 500/-per 100 lights per month
as incentive. The promoters are responsible for both maintaining the lights as
well as collecting the money. They are paid a bonus of Rs 4000/- at the end of
the year if they meet their targets. The Bank has financed about 8000 lights
till now.
Tata BP Solar:
Tata BP Solar is
Bangalore based joint venture of Tata Power and BP Solar, where BP Solar holds
a 51% stake and Tata Power Company Limited holds the balance. Formed in 1989
with commercial operations beginning in 1991, Tata BP Solar has an established
track record of managing safety, growth and performance. The company
manufactures Solar cells, solar panels, as well as delivering solar solutions
to the end customer. Tata BP Solar’s manufacturing facilities for Solar
Photovoltaic and Solar Thermal Products and Systems are the largest of their
kind in the country. The company has supplied solar energy systems that
provided energy to more than 7 million people in the Indian sub continent for
applications such as village lighting, water pumping and telecommunications.
Tata BP Solar has the distinction of obtaining ISO 9001 quality accreditation
and ISO 14001 environmental standards accreditation from BVQI, London. Tata BP
Solar products and systems have been accorded approvals by various test
agencies across the world including the World Health Organization; Bureau of
Indian Standard, Asian Institute of Technology amongst others.
Tata BP
Solar raises $78 million for further investments in solar energy
March 17, 2008:
Tata BP Solar today announced that they had signed an agreement with Calyon
Bank (Credit Agricole CIB) and BNP Paribas and among others, to raise $78
million to fund its 128MW Solar Cell Expansion Project, which is in the advanced
stages of implementation, eventually totaling 180MW solar cell manufacturing
capacity.
This is another step towards realizing the designed potential of the 300MW
plant. The current production line’s manufacturing capacity is already some
50MW per annum.
Tata BP Solar, a Tata Power and BP Solar joint venture, has been leading
India’s solar industry for over fifteen years. Today, it is India’s largest
solar photo voltaic manufacturing company, and the largest manufacturer of
solar water heaters in India. The Company delivers products and solutions that
serve both the Indian and global markets, earning substantial foreign exchange
earnings for India while also increasing product supply locally. During
2006-07, Tata BP Solar achieved Rs. 6690 million sales revenue and is poised to
exceed Rs. 8500 million during 2007-08.
“We have been at the forefront of helping to build a solar industry and market
in India,” said Syamal Gupta, Chairman, Tata BP Solar. “We are pleased to be joining
hands with players in the banking sector to help us to continue to supply the
global market, while also growing India’s domestic photovoltaic market.”
India’s growing solar market currently consumes about 1% of the world's
photovoltaic products. Total domestic installed photovoltaic capacity is in
excess of 100 MW cumulative. Most of the photovoltaics used in India are used
for off-grid applications (so have a disproportionate impact in relation to
their capacity), however today there is an increasing interest in on-grid
applications, as well as high tech applications for various high tech sectors,
including telecommunications and the ‘green buildings’ sector.
$US 100 MILLION INVESTMENT TO CREATE SOLAR
MEGA PLANT IN BANGALORE TO MEET DEMANDS OF INDIAN AND GLOBAL SOLAR PV MARKETS
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 India underpinned by world-class
manufacturing,” said Syamal Gupta, Chairman, Tata BP Solar. “They have already
established solid manufacturing, design, delivery and marketing capabilities.
They will now continue to meet the demands of Indian and global solar PV
markets.”
“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 Bangalore team will help us realize their
vision of offering customers solar PV-generated electricity at prices on a par
with conventional electricity supply.”
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 India while
also increasing product supply locally.
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 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. 42.30 |
|
UK Pound |
1 |
Rs. 84.03 |
|
Euro |
1 |
Rs. 66.42 |
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 |
|
