%20LIMITED%20-134212%2007-Mar-2011_files/image002.jpg){kind=small}
Business
information report
1. Summary Information
|
|
|
Country |
|
|
Company Name |
ENERCON ( |
Principal Name 1 |
Mr. Yogesh Mehra |
|
Status |
Good |
Principal Name 2 |
Mr. Ajay Mehra Jogindernath |
|
|
|
Registration # |
003236 |
|
Street Address |
Plot |
||
|
Established Date |
10.05.1993 |
SIC Code |
---- |
|
Telephone# |
91-260 – 66924848 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-260 – 66990940 |
Business Style 2 |
Exporter |
|
Homepage |
www.enerconindia.net |
Product Name 1 |
Wind Turbines |
|
# of employees |
3500 (Approximately) |
Product Name 2 |
---- |
|
Paid up capital |
Rs.72,000,000/- |
Product Name 3 |
---- |
|
Shareholders |
Foreign Holding - 56.00% Directors or relatives of directors-44% |
Banking |
Centurion Bank |
|
Public Limited Corp. |
NO |
Business Period |
16 years |
|
IPO |
NO |
International Ins. |
---- |
|
Public |
NO |
Rating |
A
(63) |
|
Related
Company |
|||
|
Relation
|
Country - |
Company
Name |
Enercon Exports ( |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2007 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
10,557,778,000 |
Current Liabilities |
10,922,750,000 |
|
Inventories |
5,469,493,000 |
Long-term Liabilities |
8,304,701,000
|
|
Fixed Assets |
5,105,044,000 |
Other Liabilities |
500,014,000 |
|
Deferred Assets |
---- |
Total Liabilities |
19,727,465,000
|
|
Invest & other Assets |
3,186,285,000 |
Retained Earnings |
--- |
|
|
|
Net Worth |
4,591,135,000 |
|
Total Assets |
24,318,600,000 |
Total Liabilities & Equity |
24,318,600,000 |
|
Total Assets (Previous Year) |
16,477,264,000 |
|
|
|
P/L Statement as of |
31.03.2007 |
(Unit: Indian Rs.) |
|
|
Sales |
21,457,490,000 |
Net Profit |
772,583,000 |
|
Sales(Previous year) |
16,726,763,000 |
Net Profit
(Previous year) |
1,184,977,000 |
MIRA INFORM REPORT
|
Report Date : |
07.03.2011 |
IDENTIFICATION DETAILS
|
Name : |
ENERCON ( |
|
|
|
|
Registered Office : |
Plot No. 33, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.03.2007 |
|
|
|
|
Date of Incorporation : |
10.05.1993 |
|
|
|
|
Com. Reg. No.: |
003236 (New) 071899 (Old) |
|
|
|
|
CIN No.: [Company
Identification No.] |
U31200DD2003PLC003236/ U74999MH1993PTC071899 |
|
|
|
|
TAN No.: [Tax
Deduction & Collection Account No.] |
BLRE00726F/SRTE00116E |
|
|
|
|
Legal Form : |
A closely held Public Limited Liability
Company |
|
|
|
|
Line of Business : |
Manufacturer and
Exporter of Wind Turbines |
RATING & COMMENTS
|
MIRA’s Rating : |
A (63) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
||
|
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 |
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|
|
|
|
|
|
|
Maximum Credit Limit : |
USD 22000000 |
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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 well
– established and reputed company having satisfactory track. Directors are
reported as experienced and respectable businessmen. Trade relations are
reported as fair. Business is active. Payments are usually correct and as per
commitments. The company can
be considered good for normal business dealings at usual trade terms and
conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – April 1, 2010
|
Country Name |
Previous Rating (31.12.2009) |
Current Rating (01.04.2010) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INFORMATION PARTED BY
|
Name : |
Mr. Viral |
|
Designation : |
Finance Executive |
LOCATIONS
|
Registered Office : |
Plot |
|
Tel. No.: |
91-260 – 66924848 /
2220624 / 2221219 / 2221220 / 2220321 / 2220628 |
|
Fax No.: |
91-260 – 66990940 /
2221508 |
|
E-Mail : |
admin@mumbai.enercon-india.com vijay.poddar@enercon.net
|
|
Website: |
www.enerconindia.net
|
|
Location : |
Leased |
|
|
|
|
Corporate Office : |
Enercon Tower, A-9, Veera Industrial Estate, Veera Desai Road, Andheri
(West), Mumbai – 400053, Maharashtra |
|
Tel No.: |
91-22-66924848 |
|
Fax No.: |
91-22-66990940 |
|
Email : |
|
|
|
|
|
Factory : |
Plot No 610 / 611, Village Sadodar, Taluka : Jamjodapur, Dist
Jamnagar, |
|
Tel. No.: |
91-2898 – 262372 /
262545/ 262547 |
|
Fax No.: |
91-2898 - 262374 |
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|
|
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Branches/Marketing Office: |
Located At:
|
DIRECTORS
|
Name : |
Mr. Yogesh Mehra |
|
Designation : |
Managing Director |
|
Address: |
201, Hare Krishna, Presidency Society, |
|
Date of
Birth/Age : |
01.12.1959 |
|
Qualification |
B.Com |
|
Experience |
8 Years in Related Field |
|
Date of
Appointment: |
22.05.203 |
|
Previous
Employment |
20 Years |
|
Email: |
|
|
|
|
|
Name : |
Mr. Ajay Mehra
Jogindernath |
|
Designation : |
Whole Time Director |
|
Address: |
301, Hare Krishna, Presidency Society, |
|
Date of
Birth/Age : |
06.12.1955 |
|
Date of
Appointment: |
22.05.2003 |
|
Email: |
|
|
|
|
|
Name : |
Ms. Juanita
Fromme |
|
Designation : |
Director |
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|
|
|
Name : |
Mr. Fromme Junita
|
|
Designation : |
Director |
|
Address : |
|
|
Date of
Birth/Age : |
23.06.1961 |
|
|
|
|
Name : |
Mr. Monnerjahn
Martin |
|
Designation : |
Director |
|
Address : |
|
|
Date of
Birth/Age : |
26.01.1968 |
|
|
|
|
Name : |
Mr. Kettwing
Hans-Dieter |
|
Designation : |
Director |
|
Address : |
Dreekamp – 5,
26605, Kolsite House,
Plot No. 31, Shah Industrial Estate, |
|
Date of
Birth/Age : |
23.11.1957 |
|
Date of
Appointment: |
11.03.2002 |
|
|
|
|
Name : |
Dr. Aloys Wobben |
|
Designation : |
Chairman |
|
Address : |
Dreekamp – 5,
26605, Kolsite House,
Plot No. 31, Shah Industrial Estate, |
|
Date of Birth/Age : |
22.01.1952 |
|
Date of Appointment: |
24.02.1994 |
|
|
|
|
Name : |
Mr. Manvesndra
Kumar Singha |
|
Designation : |
Nominee Director |
|
Address : |
20/21, |
|
Date of Birth/Age : |
16.09.1966 |
|
Date of Appointment: |
18.04.2008 |
|
|
|
|
Name : |
Mr. Vinayak Ravindra
Mavinkurve |
|
Designation : |
Alternate
Director |
|
Address : |
B-404, Jupiter,
Vasant Galaxy Junction of |
|
Date of Birth/Age : |
18.03.1970 |
|
Date of Appointment: |
18.04.2008 |
KEY EXECUTIVES
|
Name |
Mr. Manoranjan
Karmakar |
|
Designation |
Company Secretary |
|
Address: |
Flat No.1404, Raj
Manor, B Wing, |
|
Date of Birth |
29.04.1956 |
|
Date of
Appointment: |
12.09.1995 |
|
Email: |
|
|
|
|
|
Name |
Mr. Nilesh Rodrigues |
|
Designation |
Accounts Executive |
|
|
|
|
Name |
Mr. Viral |
|
Designation |
Finance Executive |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
|
Names of Shareholders (As on 31.03.2007) |
No. of Shares |
|
Equity shares |
|
|
Enercon |
4032000 |
|
Mehra Jogidernath
Ajay |
680000 |
|
Mehra J Minakshi |
432000 |
|
Yogesh Mehra |
832000 |
|
Radhika Yogesh Mehra |
304000 |
|
Mehra Ajay Sitakshi |
16000 |
|
Mehra Ajay Siddharth |
8000 |
|
Mehra J Sudarshan |
896000 |
Equity Share Breakup (Percentage of Total Equity) As on 30.09.2007:-
|
Category |
Percentage |
|
Foreign Holding FIIs, FCs, FFIs, NRIs, or OCB |
56.00 |
|
Directors or relatives of directors |
44.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and
Exporter of Wind Turbines |
|
|
|
|
Products : |
·
Wind
Mills Accessories and Parts ·
Rotor
Blade |
|
|
|
|
Brand Names : |
“E-30” and “E-40” |
|
|
|
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Exports : |
|
|
Products : |
Wind Turbines |
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Countries : |
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Imports : |
|
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Products : |
Raw Materials |
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Countries : |
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Terms : |
|
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Selling : |
Cash, Credit |
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Purchasing : |
Cash, Credit, L/C
|
PRODUCTION STATUS (As on 31.03.2007):-
|
Particulars |
Unit |
Installed
Capacity |
Actual
Production |
|
|
|
|
|
|
E-30 |
Nos. |
200 |
59 |
|
E-40 |
Nos. |
100 |
37 |
GENERAL INFORMATION
|
Customers : |
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No. of Employees : |
3500 Approximately |
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Bankers : |
Address: Trishul 3rd Floor,
Address: BA,
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Facilities : |
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Banking
Relations : |
Good |
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Financial
Institute: |
Infrastructure Development Finance Company Limited, ITC Centre, 3rd Floor, 760, Anna Salai, Chennai-600002, Tamilnadu, India |
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Auditors : |
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|
Name : |
Deloitte Haskins
and Sells Chartered
Accountants |
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Address : |
12, |
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Associates/Subsidiaries : |
·
Enercon Exports ( Address:
Kolsite House, Plot No. 31, Shah Industrial Estate, Andheri (West), Mumbai-400053, Activity: Manufacturers and Exports printed circuit boards, control
panels, Pitch boxes and relay boxes to Enercon GmbH. Shareholding’s of parent company – 100% ·
Enercon Wind Farms ( Address:
Kolsite House, Plot No. 31, Shah Industrial Estate, Activity: Generation of Power Shareholding’s of Parent Company – 26% ·
Enercon Wind Farms ( · Enercon Wind Farms (Karnataka) Limited · Enercon Wind Farms (Jaisalmer) Private Limited · Enercon Financial Consultancy Private Limited · Enercon Wind Farms (Rajasthan) Private Limited ·
Enercon ·
Enercon Winds Farms ( · Enercon Wind Farms (Prithvi) Private Limited · Enercon Wind Farms (Nettur) Private Limited · Enercon Wind Farms (Chitradurga) Private Limited ·
Eil · Enercon Lanka Power Development Private Limited · Gi Wing Farms Limited ·
Enercon |
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Parent Company
: |
Enercon |
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|
Address: |
Dreekamp 5,
D-26605, |
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Tel No.: |
91-49/4141/927-0 |
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Line of Business: |
Manufacturers and Selling of Wind Turbines Shareholding’s of
parent company – 56% |
||||||||||||||||||||||||||||||||||||||||||||||||||||
CAPITAL STRUCTURE
As on 31.03.2007
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
9000000 |
Equity shares |
Rs.10/- each |
Rs.90.000 Millions |
|
1500000 |
Equity shares |
Rs.100/- each |
Rs.150.000 Millions |
|
|
Total |
|
Rs.240.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
7200000 |
Equity shares (Out of the above, 40.32 Lacs (Previous year
– 40.32 Lacs ) , Equity Shares of Rs. 10/- each full paid up are held by
Enercon GmbH – Holding Company) |
Rs.10/- each |
Rs.72.000
Millions |
|
|
Total |
|
Rs.72.000 Millions |
Note:
Nil, (Previous year – 4.50Lacs) 9% Non
Convertible Cumulative Redeemable Preference Shares of Rs. 100/- each fully
paid –up (Out of the above, Nil,
(Previous year – 4.50 Lacs) Preference Shares
of Rs. 100/- each fully paid up are held by Enercon GmbH Holding Company)
(Of the above Non Convertible Cumulative
Redeemable Preference Shares Capital amounting to Rs. 45.000 Millions was
redeemed during the year). (Previous year Rs. 45.000 Millions)
FINANCIAL DATA
[all figures are
in Rupees Millions]
|
Particulars |
|
31.03.2009 |
31.03.2008 |
|
Sales Turnover |
|
18000.000 |
22000.000 |
Expected Sales (2009-10): Rs. 25000.000 millions
Note: The company turnover for the year 2008-09 is less due to the order
received from the Party.
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2007 |
31.03.2006 |
31.03.2005 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
72.000 |
117.000 |
162.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
4519.135 |
3750.109 |
2586.611 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
4591.135 |
3867.109 |
2748.611 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
5453.288 |
3283.564 |
2015.284 |
|
|
2] Unsecured Loans |
2851.413 |
569.024 |
1315.492 |
|
|
TOTAL BORROWING |
8304.701 |
3852.588 |
3330.776 |
|
|
DEFERRED TAX LIABILITIES |
500.014 |
385.014 |
208.280 |
|
|
|
|
|
|
|
|
TOTAL |
13395.850 |
8104.711 |
6287.667 |
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
5105.044 |
2887.111 |
1200.538 |
|
|
Capital work-in-progress |
845.537 |
698.843 |
90.268 |
|
|
|
|
|
|
|
|
INVESTMENT |
2340.748 |
1178.294 |
1071.608 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
5469.493
|
3438.058
|
3951.785 |
|
|
Sundry Debtors |
4116.311
|
3967.497
|
4085.839 |
|
|
Cash & Bank Balances |
2391.528
|
2097.460
|
261.249 |
|
|
Other Current Assets |
42.362
|
26.835
|
7.301 |
|
|
Loans & Advances |
4007.577
|
2183.166
|
1350.682 |
|
Total
Current Assets |
16027.271
|
11713.016
|
9656.856 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Current Liabilities |
10311.973
|
8211.292
|
5373.948 |
|
|
Provisions |
610.777
|
161.261
|
357.655 |
|
Total
Current Liabilities |
10922.750
|
8372.553
|
5731.603 |
|
|
Net Current Assets |
5104.521
|
3340.463
|
3925.253 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
13395.850 |
8104.711 |
6287.667 |
|
PROFIT &
LOSS ACCOUNT
|
PARTICULARS |
31.03.2007 |
31.03.2006 |
31.03.2005 |
|
|
Sales Turnover |
21457.490 |
16726.763 |
8831.890 |
|
|
Other Income |
1084.541 |
150.946 |
72.098 |
|
|
Total Income |
22542.031 |
16877.709 |
8903.988 |
|
|
|
|
|
|
|
|
Profit/(Loss) Before Tax |
961.822 |
1418.328 |
749.224 |
|
|
Provision for Taxation |
189.239 |
233.351 |
173.200 |
|
|
Profit/(Loss) After Tax |
772.583 |
1184.977 |
576.024 |
|
|
|
|
|
|
|
|
Earnings in Foreign Currency : |
|
|
|
|
|
|
Export Earnings |
NA |
36.495 |
34.227 |
|
|
Other Earnings |
NA |
0.000 |
0.000 |
|
Total Earnings |
NA |
36.495 |
34.227 |
|
|
|
|
|
|
|
|
Imports : |
|
|
|
|
|
|
Components and Spares Parts |
NA |
4276.102 |
3511.545 |
|
|
Capitals Goods |
NA |
177.449 |
585.525 |
|
Total Imports |
NA |
4453.551 |
4097.070 |
|
|
|
|
|
|
|
|
Expenditures : |
|
|
|
|
|
|
Consumption of Raw Material |
0.000 |
0.000 |
7933.113 |
|
|
Cost of good Sold |
16834.365 |
12801.055 |
0.000 |
|
|
Manufacturing and Other Expenses |
3611.004 |
2067.835 |
1461.222 |
|
|
Interest |
801.827 |
439.600 |
269.860 |
|
|
Increase or decrease in stock |
0.000 |
0.000 |
[1590.162] |
|
|
Depreciation |
333.013 |
150.891 |
80.731 |
|
Total Expenditure |
21580.209 |
15459.381 |
8154.764 |
|
|
|
|
|
|
|
|
Earnings Per Share Basic and Diluted (Rs.) |
63.50 |
163.40 |
78.07 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2007 |
31.03.2006 |
31.03.2005 |
|
PAT / Total Income |
(%) |
3.43
|
1.10 |
6.47 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
4.48
|
8.48 |
8.48 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.55
|
9.71 |
6.90 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.21
|
0.37 |
0.27 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
4.19
|
3.16 |
3.30 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.47
|
1.40 |
1.68 |
LOCAL AGENCY FURTHER INFORMATION
change of address:
The address of the Registered Office of company has been shifted from Kolsite House, Plot No. 31, Shah Industrial
Estate, Veera Desai Road, Andheri (West), Mumbai - 400 053, Maharashtra, India to the Present
address w.e.f 22.05.2003
Note:
As confirmed Mr. Yogesh Mehra is one of the directors for Vish Wind and
has membership with Indian Wind Turbine Association.
But he is in no way connected to the following companies:-
- Trinity
Electro Mechanicals Private Limited
- Wind
Polyplast Private Limited
- Wind River
Farms Private Limited
- Wind Turbine
Systems Private Limited
- Wind Farm
Hire Purchase and Leasing Private Limited
Trade References:
· Liberty Oilmills Limited
· Shriram Group
Form 8:
|
Name of the company |
ENERCON ( |
|
Presented By |
Mr. M Karmarkar VP - Finance and Company Secretary |
|
1) Date and description of instrument creating the change |
1. Agreement No.
LOJ 856 dated 01.01.2005 2. Deed of
Hypothecation dated 01.01.2005 |
|
2) Amount secured by the charge/amount owing on the securities of charge |
Rs. 4.500
Millions |
|
3) Short particular of the property charged. If the property acquired is subject to charge, date of the acquired of the property should be given |
1. No. Caterpillar
(Wheel Lioader) |
|
4) Gist of the terms and conditions and extent and operation of the charge. |
35, Equated
Monthly installments of Rs. 0.144 Million Cost of Finance
is 7.75% p.a. on monthly rest |
|
5) Name and Address and description of the person entitled to the charge. |
SREI
International Finance Limited Vishwakarma 86C |
|
This form is for |
Creation of
charge |
|
Corporate identity
number of the company |
U31200DD2003PLC003236 |
|
Name of the
company |
ENERCON ( |
|
Address of the
registered office or of the principal place of business in |
Plot |
|
Type of charge |
Movable Property |
|
Particular of
charge holder |
ICICI Bank
Limited, |
|
Nature of description
of the instrument creating or modifying the charge |
Deed of
Hypothecation |
|
Date of
instrument Creating the charge |
07.10.2008 |
|
Amount secured by
the charge |
Rs. 978.000
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest The Aggregate of: i.
The
Applicable Margin, And ii.
6
Months Euro Liboor Terms of
Repayment The borrower shall
repay the drawn down amount in 12 Equal Half yearly installments starting
from 30 months form Average drawdown dated Margin 1.25% per annum Extent and
Operation of the charge The charge
operates as a first charge and shall rank pari passu to secure Rs. 978
Million equivalent to ( 15 Million euros) plus interest and other charges by
way of hypothecation of movable plant and machinery including all spares
parts, stores, accessories pertaining thereto which are capitalized and other
movable fixed assets present and future |
|
Short particulars
of the property charged |
Movable Plant and
Machinery including all spares parts, accessories pertaining thereto which
are capitalized and other moveable fixed assets, present and future |
Fixed Assets:
·
Free
·
Building
·
Plant and Machinery
·
Wind Energy Converter
·
Sub Station
·
Furniture, Fixture and Office Equipments
·
Vehicles
Web Detail:
Corporate Profile:
Subject is ISO-9001: 2000 certified for manufacturing, installation
and services. It is supported with the latest design and development from its
Principals, subject GmbH.
- Subject’s commercial operations commenced in 1995.
- Providing end to end solution to the customer from identification
of good potential site, developing project, installing Wind Turbine
Generator and maintaining the Wind Turbine Generator over 20 years
lifespan.
- It is an ISO 9001:2000 certified company for manufacturing,
installation and services.
- Has successfully implemented SAP and connected all sites with
V-SAT.
- Has four manufacturing plants at Daman for different parts of Wind
Energy Converter and concrete tower segment manufacturing facilities at
Sadodar, Gujarat and at Shirhatti (near Hubli) at Karnataka.
- More than 3500 employees are working for EIL.
- At present manufactures and markets two models with ratings 330 KW
(E-33) and 800 KW (E-48 SL).
- Turnover was 17212.300 Millions in the year 2006-07 subject’s Net
Worth was more than 3867.100 Millions as at 31st March 2006
- Total Gross block of the company as on 31st March 2007,
3532.800 Millions.
Presence in major high potential states viz. Gujarat,
Karnataka, Madhya Pradesh,
Awards:
Subject has been awarded the Best Service Provider among
Manufacturers 2005-06 by M/s. World Institute of Sustainable Energy (WISE).
This category awards the wind power manufacturing company, which has provided
the best Service to its customers after installation, during the financial year
1 April 2005 to 31 March 2006.
Refurbishment Plant
·
Enercon has setup three refurbishment
plants at Chitradurga, those are
·
Blade refurbishment plant
·
Machine refurbishment plant
·
Electronic printed cards and
controllers refurbishment plant
·
The scope of the high-end refurbishment
processes is to add or increase the life of the components.
The Modifications and upgrades are also done at the refurbishment plant to
comply with current technology standards of the Enercon WEC’s, and save
transportation the time.
Standard Operating Procedure (Policy)
The control framework through the standard operating
procedure is set out to support the detailed activity flow, describes all the
related service activities in,
·
Considerable details
·
Responsibility matrix
ProjectS:
Flagship Projects
Kandke is one of their flagship project done for their esteem customer THE TATA POWER COMPANY LIMITED. they have completed this project of 56 X E-53 within the shortest timeframe (6 dec 06 to 7 may 07) including 2 X 50 MVA 132/33kV Substation.
Enercon turbines have proven its viability in all
categories of sites in the country right from Kanyakumari in Tamil Nadu to
Jaisalmer in Rajasthan. Wherever they were installed their machines have
performed the best both in terms of generation and in terms of low maintenance.
Moreover its grid friendly nature has made it the naturally preferable wind
machine by the state utilities.
They have successfully developed all
kinds of sites one can think off - except the
(i)
Low wind site and
(ii)
A high wind and
difficult terrain site.
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or ordered
forfeited for violation of money laundering or international anti-terrorism
laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.99 |
|
|
1 |
Rs.73.24 |
|
Euro |
1 |
Rs.62.80 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
7 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILIRY |
1~10 |
7 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
7 |
|
--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 |
YES |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
63 |
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.