1. Summary Information
|
|
|
Country |
|
|
Company Name |
TATA BP SOLAR |
Principal Name 1 |
Mr. Prasad
Raghava Menon |
|
Status |
Good |
Principal Name 2 |
Mr. Adi Jehangir Engineer |
|
|
|
Registration # |
08-34989 |
|
Street Address |
Plot No. 78, |
||
|
Established Date |
27.11.1989 |
SIC Code |
-- |
|
Telephone# |
91-80-2235 8465 / 2852 00 81 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-80-2852 0972 /
2852 0116 |
Business Style 2 |
Saler |
|
Homepage |
Product Name 1 |
Solar
Photovoltaic Systems |
|
|
# of employees |
202
[Approximately] |
Product Name 2 |
Solar Modules |
|
Paid up capital |
Rs.1,127,757,000/- |
Product Name 3 |
Solar Cells |
|
Shareholders |
Foreign Holdings - 51% Bodies Corporates – 49% |
Banking |
State Bank of |
|
Public Limited Corp. |
NO |
Business Period |
22 Years |
|
IPO |
NO |
International Ins. |
- |
|
Public |
NO |
Rating |
Aa [73] |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Holding
Company |
|
BP Alternative Energy Holdings Limited |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
4,256,207,000 |
Current Liabilities |
1,784,155,000 |
|
Inventories |
1,324,064,000 |
Long-term Liabilities |
3,063,817,000 |
|
Fixed Assets |
1,421,102,000 |
Other Liabilities |
832,411,000 |
|
Deferred Assets |
0 |
Total Liabilities |
5,680,383,000 |
|
Invest& other Assets |
3,184,658,000 |
Retained Earnings |
3,377,891,000 |
|
|
|
Net Worth |
4,505,648,000 |
|
Total Assets |
10,186,031,000 |
Total Liab. & Equity |
10,186,031,000 |
|
Total Assets (Previous Year) |
11,321,230,000 |
|
|
|
P/L Statement as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Sales |
9,764,103,000 |
Net Profit |
263,911,000 |
|
Sales(Previous yr) |
11,470,599,000 |
Net Profit(Prev.yr) |
605,650,000 |
MIRA
INFORM REPORT
|
Report Date : |
22.06.2011 |
IDENTIFICATION DETAILS
|
Name : |
TATA BP SOLAR |
|
|
|
|
Registered Office : |
Plot No. 78, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.03.2010 |
|
|
|
|
Date of Incorporation : |
27.11.1989 |
|
|
|
|
Com. Reg. No.: |
08-34989 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.1127.757 Millions |
|
|
|
|
CIN No.: [Company
Identification No.] |
U40106KA1989PLC034989 |
|
|
|
|
TAN No.: [Tax
Deduction & Collection Account No.] |
BLRT00399A |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company. |
|
|
|
|
Line of Business : |
Manufacturer and
Saler of Solar Photovoltaic Systems and Modules and Solar Cells. |
|
|
|
|
No. of Employees
: |
202
[Approximately] |
RATING & COMMENTS
|
MIRA’s Rating : |
Aa (73) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
USD 18000000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a joint venture between BP Alternative Energy Holdings
Limited, It is a well established and a reputed company having fine track.
Financial position of the company appears to be sound. Trade relations are
reported as fair. Business is active. Payments are reported to be
regular and as per commitments. Company can be considered good for normal business dealings at usual
trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
LOCATIONS
|
Registered
Office : |
Plot No. 78, |
|
Tel. No.: |
91-80-2235 8465 /
2852 00 81 / 2852 0116 / 28520105 / 2852 10 17 / 2852 10 18 / 6660 1300 /
4070 2000 / 40702200 / 4070 3000 |
|
Fax No.: |
91-80-2852 0972 /
2852 0116 |
|
E-Mail : |
|
|
Websites : |
|
|
|
|
|
Corporate Office: |
|
|
|
|
|
Factory 1 : |
Plot No. 78, |
|
|
|
|
Factory 2 : |
Survey No. Part
43 and Part 44, Phase II, |
|
|
|
|
Factory 3 : |
Plot No. 28/B, |
|
|
|
|
Support Centres : |
Located At v
Ahmedabad v
v
v
v
v
Borsad v
Bhubaneshwar v
Kolkata v
v
v
Guwahati v
v
Jaipur v
Jalandhar v
Jalgaon v
v
Kancheepuram v
v
v
v
Madel
Margaon v
v
Mumbai v
v
v
v
v
v
Pune v
v
v
Sangli v
Shimoga v
Solapur
v
Vadodara |
|
|
|
|
Regional offices: |
Located At
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.91-98303 20722 Mr. Tapas Chakravarty
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. 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
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
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
Tel 01982 251551 E Mail : tbp_leh@vsnl.net Contact Person :
Mr. Tsewang Stanzin
Tel No. 91-172-2666262
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
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
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
Tel :
91-79-65416676
Tel : 91-20-26138783, 26138262
Tel: 91-771 409 4455 / 6
Tel : 91-9934310049
Tel : 91-33-64550452
Tel :91-11-2341 1537 / 8 / 9
Noida – 201301, Tel : 91-120-4746100 / 4746160 Fax : 91-120-4746111
Tel : 91-522-2356 664 Fax: 91-522-2356 574
Fort Road,
Room No.3, Near Leh 194 101 Tel : 91-1982-251551
Tel : 91-191-2455 804
686, Anandapur, Kasba Eastern Metropolitan Bypass Kolkata 700 107 Tel : 91-33-64550452 Email :ero@tatabp.com
Ashyana Harniwas Complex Patna-800001 Email : tatabppatna@aol.com
Pandari, Chattisgarh Tel: 0771 409 4455 / 6
Prime Business Service Centre, Pune 411 001 Tel : 020 26138783, 26138262 Fax : 020 5601 2741
Satellite Road, Ahmedabad - 380 015 Tel : 079 65416676 Fax : 079 26925893
Tel : 080 6660 1300, 4070 2000 Fax : 080 28520 116 |
DIRECTORS
As on 27.07.2010
|
Name : |
Mr. Banmali
Agrawala |
|
Designation : |
Director |
|
Address: |
201-202,
Kalpataru Horizon, Dr. Annie Besant Road, Behind Dunlop House, S K Ahire Marg,
Worli, Mumbai – 400018, Maharashtra, India |
|
Date of Birth: |
30.04.1963 |
|
Date of
Appointment: |
14.05.2009 |
|
DIN : |
00120029 |
|
|
|
|
Name : |
Mr. Sashi Mukundan |
|
Designation : |
Alternate
Director |
|
Address: |
No.1, Sardar Patel Marg, Chanakyapuri, |
|
Date of Birth/Age |
31.07.1957 |
|
Date of Appointment : |
29.04.2010 |
|
DIN : |
02519725 |
|
|
|
|
Name : |
Mr. Sowmyan Ramakrishnan |
|
Designation : |
Alternate Director |
|
Address: |
D-9, INcometax office, RS Colony, |
|
Date of Birth: |
19.02.1949 |
|
Date of
Appointment: |
29.04.2010 |
|
Din : |
0005090 |
|
|
|
|
Name : |
Mr. Adi Jehangir Engineer |
|
Designation : |
Director |
|
Address: |
A – 8, Salisbury Apartments, Ahura Cooperative, Salisbury Park 55/2,
Gultekdi, Pune 411037, Maharashtra, India |
|
Date of Birth
: |
27.08.1937 |
|
Date of
Appointment: |
20.07.2006 |
|
DIN : |
00016320 |
|
|
|
|
Name : |
Mr. Prasad
Raghava Menon |
|
Designation : |
Managing Director |
|
Address: |
50-F, |
|
Date of
Birth/Age |
23.01.1946 |
|
Date of
Appointment : |
23.07.2007 |
|
DIN : |
00005078 |
|
|
|
|
Name : |
Mr. Anthony Mike
Petrucci |
|
Designation : |
Director |
|
Address: |
1442 E, |
|
Date of
Birth/Age |
11.01.1958 |
|
Date of
Appointment : |
12.03.2008 |
|
DIN : |
02178524 |
|
|
|
|
Name : |
Mr. Reyad Fezzani |
|
Designation : |
Director |
|
Address: |
6 Cartwrightway
Barnes, |
|
Date of
Birth/Age |
20.11.1968 |
|
Date of
Appointment : |
01.07.2008 |
|
Date of
Cessation : |
06.08.2010 |
|
DIN : |
02311906 |
|
|
|
|
Name : |
Mr. Aleem Sheikh |
|
Designation : |
Director |
|
Address: |
2, |
|
Date of
Birth/Age |
06.07.1971 |
|
Date of
Appointment : |
24.10.2008 |
|
Date of
Cessation : |
27.01.2011 |
|
DIN : |
02416051 |
KEY EXECUTIVES
|
Name : |
Mr. Guru Dattatreya Krishnamurthy Basavapatna |
|
Designation : |
Company Secretary
|
|
Address : |
No.495, 11th
Across, 4th D Main West of Chord Road, Mahalakshmipuram, Bangalore
– 560086, Karnataka, India |
|
Date of Birth/Age |
20.05.1961 |
|
Experience : |
20 years |
|
Date of Appointment : |
29.06.1992 |
|
|
|
|
Name : |
Mr. Krishnappa Subramanya |
|
Designation : |
Manager |
|
Address: |
Tata Sherwood Housing, Complex A22, Sycamore, Vibhutipura Basavnagar, |
|
Date of Birth/Age |
12.06.1953 |
|
Experience : |
30 years |
|
Date of Appointment : |
01.09.2006 |
|
|
|
|
Name : |
Mr. Ravishankar |
|
Designation : |
Senior General
Manager (Operations) |
|
|
|
|
Name : |
Mr. Keshav Prasad
|
|
Designation : |
Senior General
Manager (Engineering and QA) |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 27.07.2010
|
Names of Shareholders (Equity) |
|
No. of Shares |
|
|
|
|
|
BP Alternative Energy Holdings Limited, |
|
3456567 |
|
The Tata Power Company Limited, |
|
3320994 |
|
Tata Power Company Limited, |
|
1 |
|
Tata Power Company Limited, |
|
1 |
|
Tata Power Company Limited, |
|
1 |
|
Tata Power Company Limited, |
|
1 |
|
Tata Power Company Limited, |
|
1 |
|
Tata Power Company Limited, |
|
1 |
|
Total |
|
6777567 |
As on 27.07.2010
|
Names of Shareholders (Preference ) |
|
No. of Shares |
|
|
|
|
|
BP Alternative Energy Holdings Limited, |
|
2295000 |
|
The Tata Power Company Limited, |
|
2205000 |
|
Total |
|
4500000 |
As on 27.07.2010
|
Equity
Share Break-up |
|
Percentage of Holding |
|
Foreign Holdings |
|
51.00 |
|
Bodies Corporate |
|
49.00 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and
Saler of Solar Photovoltaic Systems and Modules and Solar Cells. |
||||||
|
|
|
||||||
|
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
|
||||||
|
|
|
||||||
|
Brand Names : |
Ř
TATA
DEGP Ř
TATA
BP Solar |
||||||
|
|
|
||||||
|
Exports : |
|
||||||
|
Countries : |
|
||||||
|
|
|
||||||
|
Imports : |
|
||||||
|
Products : |
Raw Materials,
Components and Spares and Capital Goods |
||||||
|
Countries : |
|
||||||
|
|
|
||||||
|
Terms : |
|
||||||
|
Purchasing : |
L/C |
PRODUCTION STATUS As on 31.03.2010
|
Particulars |
|
|
Unit |
Actual
Production |
|
Solar Cells |
|
|
KW |
23892 |
|
Solar Modules |
|
|
KW |
69650 |
GENERAL INFORMATION
|
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 |
|||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||
|
No. of Employees : |
202 [Approximately] |
|||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||
|
Bankers : |
Ř
State Bank of Ř
BNP Paribas, Ř
Calyon Bank |
|||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
- |
|
|
|
|
Auditors : |
|
|
Name : |
Deloittee Haskins and Sells Chartered Accountants |
|
Address : |
Deloittee Centre, |
|
|
|
|
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 Limited Ř
BP Singapore PTE Limited Ř
BP Solar Ř
Solarex Electric Limited , Ř
Castrol India Limited Ř
BP International Limited, Ř
BP Solar Ř
BP Solar Ř
BP Corporation NA, Inc |
|
|
|
|
Associates : |
Ř
The Tata Power Company Limited Ř
Nelco Limited Ř
Maithon Power Company Limited Ř
North Delhi Power 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 |
|
|
|
|
|
|
|
Holding Company: |
|
CAPITAL STRUCTURE
As on 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
10,000,000 |
Equity Shares |
Rs. 100/- each |
Rs. 1000.000 Millions |
|
5,000,000 |
Redeemable Cumulative Non-Convertible Preference Shares |
Rs. 100/- each |
Rs. 500.000 Millions |
|
|
Total |
|
Rs. 1500.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
6,777,567 |
Equity Shares |
Rs. 100/- each |
Rs. 677.757 Millions |
|
4,500,000 |
9% Redeemable Cumulative
Non-Convertible Preference Shares |
Rs. 100/- each |
Rs. 450.000 Millions |
|
|
Total. |
|
Rs. 1127.757 Millions |
- Note - BP
Alternative Energy Holdings Limited,
- BP
Alternative Energy Holdings Limited holds 2,295,000 Preference Shares of
RS. 100/- each fully paid up
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
1127.757 |
1127.757 |
1127.757 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
3377.891 |
3304.092 |
2888.555 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
4505.648 |
4431.849 |
4016.312 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
305.066 |
707.275 |
1071.921 |
|
|
2] Unsecured Loans |
2758.751 |
3087.000 |
0.000 |
|
|
TOTAL BORROWING |
3063.817 |
3794.275 |
1071.921 |
|
|
DEFERRED TAX LIABILITIES |
266.800 |
280.610 |
166.260 |
|
|
|
|
|
|
|
|
TOTAL |
7836.265 |
8506.734 |
5254.493 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
1421.102 |
1475.451 |
1316.818 |
|
|
Capital work-in-progress |
3184.658 |
2856.896 |
2824.604 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
1324.064
|
1505.078
|
1084.248 |
|
|
Sundry Debtors |
1700.679
|
1922.719
|
2285.079 |
|
|
Cash & Bank Balances |
1368.710
|
1714.761
|
1023.925 |
|
|
Other Current Assets |
0.000
|
0.000
|
0.000 |
|
|
Loans & Advances |
1186.818
|
1846.325
|
1012.319 |
|
Total
Current Assets |
5580.271
|
6988.883
|
5405.571 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Current Liabilities |
145.027
|
91.262
|
119.200 |
|
|
Sundry Creditors |
1639.128
|
2199.979
|
3283.167 |
|
|
Provisions |
565.611
|
523.255
|
890.133 |
|
Total
Current Liabilities |
2349.766
|
2814.496
|
4292.500 |
|
|
Net Current Assets |
3230.505
|
4174.387
|
1113.071 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
7836.265 |
8506.734 |
5254.493 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
9764.103 |
11470.599 |
9098.410 |
|
|
|
Other Income |
61.666 |
531.774 |
69.535 |
|
|
|
TOTAL (A) |
9825.769 |
12002.373 |
9167.945 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Materials |
8011.847 |
9402.935 |
7570.846 |
|
|
|
Manufacturing, Selling and Administrative Expenses |
1046.564 |
1088.113 |
944.803 |
|
|
|
TOTAL (B) |
9058.411 |
10491.048 |
8515.649 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
767.358 |
1511.325 |
652.296 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
13.451 |
52.046 |
54.747 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
753.907 |
2439.279 |
597.549 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
254.800 |
240.260 |
153.073 |
|
|
|
|
|
|
|
|
|
Less |
Exceptional
Items |
148.206 |
318.909 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
350.901 |
900.110 |
444.476 |
|
|
|
|
|
|
|
|
|
Less |
TAX (I) |
86.990 |
294.460 |
154.490 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-I) (J) |
263.911 |
605.650 |
289.986 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
1395.870 |
1050.333 |
935.023 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
25.000 |
70.000 |
25.000 |
|
|
|
Dividend on pref. shares |
40.500 |
40.500 |
40.500 |
|
|
|
Tax on pref. share Dividend |
6.883 |
6.884 |
6.883 |
|
|
|
Proposed Dividend on Equity shares |
121.996 |
121.996 |
87.434 |
|
|
|
Tax on proposed Dividend |
20.733 |
20.733 |
14.859 |
|
|
BALANCE CARRIED
TO THE B/S |
1444.669 |
1395.870 |
1050.333 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
FOB Value of Export |
7301.746 |
9086.457 |
6801.090 |
|
|
|
Services |
23.186 |
10.437 |
14.813 |
|
|
TOTAL EARNINGS |
7324.932 |
9096.894 |
6815.903 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Materials |
6721.467 |
8898.003 |
6228.064 |
|
|
|
Capital Goods |
287.535 |
2375.495 |
285.883 |
|
|
TOTAL IMPORTS |
7009.002 |
11273.498 |
6513.947 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
31.95 |
82.37 |
|
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
2.68
|
5.05
|
3.16 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
3.59
|
7.85
|
4.88 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
5.01
|
10.63
|
6.61 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.08
|
0.20
|
0.11 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.20
|
1.49
|
1.34 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.37
|
2.48
|
1.26 |
LOCAL AGENCY FURTHER INFORMATION
FINANCIAL HIGHLIGHTS
During
the year, the turnover of the Company is decreased by 15% to Rs.9764.10
millions from Rs.11470.60 millions in the corresponding previous year. Profit
before lax and exceptional items was lower at Rs.499.11 millions as against
Rs.1219 02 millions in the corresponding previous year. Profit after tax was
lower at Rs.263.91 millions as against Rs.605.65 millions in the previous year
The reduction in turnover and profits was mainly contributed by Global
Recession.
OPERATIONS
The
production of Solar Cells for 2009-2010 was 23,892 KW as against 40,178 KW in
20O8 - 2009. The production of Solar Modules in 2009- 2010 was 69,650 KW as
against 64,450 KW in 2008 - 2009.
During the
year company started expansion of its cell capacity by starting cell line 3 of
32 MW. After the end of the year, the Company commissioned and started trial
run of manufacture of Solar Cells.
Form 8
|
Corporate
identity number of the company |
U40106KA1989PLC034989 |
|
Name of the
company |
TATA BP SOLAR |
|
Address of the
registered office or of the principal place of business in |
Plot No. 78, |
|
This form is for |
Modification of Charge |
|
Charge
identification number of the charge to be modified |
80028704 |
|
Type of charge |
|
|
Particular of
charge holder |
State Bank of |
|
Nature of
instrument creating charge |
Joint deed of
hypothecation dated 28.04.2011 Inter-se Pari Passu
Agreement between the participating Banks dated 29.04.2011 |
|
Date of
instrument Creating the charge |
28.04.2011 |
|
Amount secured by
the charge |
Rs. 3475.000
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest as per the
agreement Terms of
repayment as per the
agreement Margin Raw Materials
25%, Stock-in-process 33.33%, Finished goods 25%, Stores and Spares50%,
Receivables 25%, Stocks and Book Debts 25%. Extent and operation
of the charge as per the
agreement Others Facilities
granted – State Bank of BNP Paribas - Rs.
Mn.500 Fund Based - Rs.Mn.160 (non
fund based) Rs. Mn.660 Total CACIB - Rs.
Mn.500 Fund Based - Rs.Mn.500 (non fund based) Rs. Mn. 500 Total * * (Interchangeable fund based and non fund
based facility) |
|
Particulars of
the property charged |
All and singular the
borrower`s stocks of raw materials, semi finished and finished goods, spares,
bill receivables, and all other movables, lying in the borrowers premises or
godowns of or rented. All other
movables both present and future including documents of title goods and other
assets of the borrowers being lying in the Borrowers premises and godowns of
or rented. |
|
Particulars of the present modification |
The amount
secured by the charge stands increased to Rs. 3475.000 millions. The securities described and detailed in
col. no. 15 herein above continue for the enhanced limit. All other terms and conditions remain
unchanged. |
Fixed Assets
· Lease Hold Improvements
·
·
Free
· Building
· Technical Know-how
·
Plant
and Machinery
·
Office
Equipments
·
Furniture
and Fixtures
·
Vehicles.
As Per Website
Details:
Company Profile
Established in 1989, Tata BP Solar is a Joint Venture
between Tata Power Company, a pioneer in the power sector in
Manufacturing facilities are ISO 9001 and ISO 14001
accredited from BVQI,
Their solutions include customized solar solutions that
illuminate homes, streets and communities; pump water to thirsty fields and
heat water for residential and commercial applications. They also provide
reliable and cost-effective solar power to wide-ranging sectors from education
and banking to healthcare and telecommunications. Specialist applications
include BIPV, Hybrid Systems and solutions for railways, defense and offshore
platforms.
Tata BP Solar possesses excellent skills and capabilities in
providing complete EPC solutions for large, commercial Solar Power Plants of
Megawatt scale.
Their sales history over the years has been dramatic – from
a modest Rs.16 million in 1991-92 to a phenomenal Rs.9,060 million in 2010-11.
Tata BP Solar has more than 200 dealers, 600 sub-dealers and
30 Authorized Service Centres spread across the country, catering to the needs
of different customer segments. It is also represented in the neighboring
countries of
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 records exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject are
derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
The market
survey revealed that the amount of compensation sought by the subject is fair
an
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.
The Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.91 |
|
|
1 |
Rs.72.89 |
|
Euro |
1 |
Rs.64.48 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
8 |
|
PAID-UP CAPITAL |
1~10 |
9 |
|
OPERATING SCALE |
1~10 |
9 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
8 |
|
--PROFITABILIRY |
1~10 |
7 |
|
--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 |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
73 |
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 |
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 |
|
- |
NB |
New Business |
- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.