1. Summary Information

 

 

Country

India

Company Name

UNITECH POWER TRANSMISSION LIMITED

Principal Name 1

Mr. Mahesh Kumar Agrawal

Status

Moderate

Principal Name 2

Mr. Rajan Narula

 

 

Registration #

--

Street Address

Unitech House, 6 Community Centre, Saket, New Delhi-110017, Delhi

Established Date

14.09.1995

SIC Code

--

Telephone#

95-124-2341830

Business Style 1

Manufacturers of Galvanized Steel Lattice Towers

Fax #

95-124-2341829

Business Style 2

--

Homepage

--

Product Name 1

--

# of employees

--

Product Name 2

--

Paid up capital

Rs.300.000 Millions

Product Name 3

--

Shareholders

Unitech Limited -29999940

Banking

Syndicate Bank

Public Limited Corp.

--

Business Period

17 years

IPO

---

International Ins.

-

Public Enterprise

---

Rating

B (30)

Related Company

Relation

Holding Company

Country India

Company Name

Unitech Limited

Note

-

 

2. Summary Financial Statement

Balance Sheet as of

31.03.2011

(Unit: Indian Rs.)

Assets

Liabilities

Current Assets

1,128,842,000

Current Liabilities

710,632,000

Inventories

309,440,000

Long-term Liabilities

583,690,000 

Fixed Assets

131,714,000

Other Liabilities

6,136,000

Deferred Assets

--

Total Liabilities

1,300,458,000

Invest& other Assets

2,384,000

Retained Earnings

--

 

 

Net Worth

271,922,000

Total Assets

1,572,380,000

Total Liab. & Equity

1,572,380,000

 Total Assets

(Previous Year)

1,426,166,000

 

 

P/L Statement as of

31.03.2011

(Unit: Indian Rs.)

Sales

1,836,250,000

Net Profit

28,321,000

Sales(Previous yr)

958,255,000

Net Profit(Prev.yr)

(1,268,000)

 


MIRA INFORM REPORT

 

 

Report Date :

06.04.2012

 

IDENTIFICATION DETAILS

 

Name :

UNITECH POWER TRANSMISSION LIMITED

 

 

Formerly Known As :

HYUNDAI UNITECH ELECTRICAL TRANSMISSION LIMITED

 

 

Registered Office :

Unitech House, 6 Community Centre, Saket, New Delhi-110017, Delhi

 

 

Country :

India

 

 

Financials (as on) :

31.03.2011

 

 

Date of Incorporation :

14.09.1995

 

 

Com. Reg. No.:

55-72431

 

 

Capital Investment / Paid-up Capital :

Rs.300.000 Millions

 

 

CIN No.:

[Company Identification No.]

U74999DL1995PLC072431

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

DELH01932A

 

 

PAN No.:

[Permanent Account No.]

AAACH4430Q

 

 

Legal Form :

A closely held public limited liability company

 

 

Line of Business :

Manufacturers of Galvanized Steel Lattice Towers and Steel Structures for renewal energy products like Solar Power Plants and Windmills.

 

 

No. of Employees:

Not Available

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B (30)

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Maximum Credit Limit :

USD 1087688

 

 

Status :

Moderate

 

 

Payment Behaviour :

Slow but correct

 

 

Litigation :

Clear

 

 

Comments :

Subject is an established company having moderate track. There appears some accumulated losses recorded by the company. However trade relations are reported as fair. Business is active. Payments are reported to be slow but correct.

 

In view of strong promoters, the company can be considered normal for 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 – September 30, 2011

 

Country Name

Previous Rating

(30.06.2011)

Current Rating

(30.09.2011)

India

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

LOCATIONS

 

Registered Office :

Unitech House, 6 Community Centre, Saket, New Delhi-110017, India

Tel. No.:

95-124-2341830 / 11-26857330

Fax No.:

95-124-2341829 / 11-26857338

E-Mail :

info@uptl.co.in

Website :

http://www.unitech-power.com

 

 

Head Office :

Plot No. 136, Udyog Vihar, Phase -I, Gurgaon-122016, Haryana, India

Tel. No.:

91-124-2341830 / 2341831

Fax No.:

91-124-2341829

E-Mail :

hr@uptl.co.in 

uptl@unitechgroup.com

 

 

Factory :

A-33, MIDC Industrial Area, Butibori, Nagpur-441108, Maharashtra, India

Tel. No.:

91-7104-265457 / 265458

Fax No.:

91-7104-265441

E-Mail :

works@uptl.co.in 

 

 

DIRECTORS

 

AS ON 04.08.2011

 

Name :

Mr. Mahesh Kumar Agrawal

Designation :

Director

Address :

F-60, Green Wood City, Sector-46, Gurgaon-122001, Haryana, India.

Date of Birth/Age :

12.06.1962

Date of Appointment :

01.04.2010

 

Other Directorship:

 

S.No.

CIN

Name of the Company

Current designation of the director

Date of appointment at current designation

Original date of appointment

Date of cessation

Company Status

Defaulting status

1

U74899DL1996PTC080899

UNITECH HOTELS PRIVATE LIMITED

Director

01/06/2006

01/06/2006

17/04/2008

Active

NO

2

U70109DL2006PLC151755

DHAULAGIRI PROJECTS LIMITED

Additional director

21/08/2006

21/08/2006

10/09/2007

Active

NO

3

U70109DL2006PLC151756

DEORIA PROJECTS LIMITED

Additional director

21/08/2006

21/08/2006

10/09/2007

Active

NO

4

U70109DL2006PTC152001

ZANSKAR REALTY PRIVATE LIMITED

Director

13/08/2007

05/09/2006

31/10/2007

Active

NO

5

U70109DL2006PTC149620

LANDSCAPE PROJECTS PRIVATE LIMITED

Director

08/08/2007

05/09/2006

15/10/2007

Active

NO

6

U70109DL2006PTC149537

ZANSKAR PROJECTS PRIVATE LIMITED

Director

28/09/2007

05/09/2006

-

Active

NO

7

U70109DL2006PTC152003

SURU PROPERTIES PRIVATE LIMITED

Director

13/08/2007

05/09/2006

-

Active

NO

8

U70109DL2006PTC152002

DEORIA REALTY PRIVATE LIMITED

Director

29/09/2007

05/09/2006

-

Active

NO

9

U70109DL2006PTC152050

SANKOO BUILDERS PRIVATE LIMITED

Director

28/09/2007

05/09/2006

-

Active

NO

10

U70109DL2006PTC152179

SANGLA BUILDERS PRIVATE LIMITED

Additional director

05/09/2006

05/09/2006

10/09/2007

Active

NO

11

U45200DL2006PTC155554

UNITECH COMMERCIAL AND RESIDENTIAL DEVELOPERS PRIVATE LIMITED

Director

21/08/2007

23/12/2006

-

Active

NO

12

U70109DL2006PTC152004

UNITECH LANDMARK BUILDERS PRIVATE LIMITED

Director

20/08/2007

23/12/2006

-

Active

NO

13

U45200DL2006PTC156284

COLOSSAL INFRA-DEVELOPERS PRIVATE LIMITED

Director

24/09/2007

24/12/2006

-

Active

NO

14

U45200DL2006PTC155043

ELBRUS DEVELOPERS PRIVATE LIMITED

Director

12/09/2007

29/12/2006

-

Active

NO

15

U24110WB2008PTC121374

PCR Chemicals Private Limited

Director

18/09/2008

14/02/2008

18/06/2010

Active

NO

16

U11100DL2008PTC174831

MUNROS ENERGY PRIVATE LIMITED

Director

20/08/2010

05/10/2009

21/02/2012

Under Process of Striking off

NO

17

U11100DL2008PTC174832

EREBUS ENERGY PRIVATE LIMITED

Director

20/08/2010

05/10/2009

21/02/2012

Under Process of Striking off

NO

18

U11100DL2008PTC174679

NERIS ENERGY PRIVATE LIMITED

Director

20/08/2010

05/10/2009

21/02/2012

Under Process of Striking off

NO

19

U11100DL2006PTC153591

KALAKRITI ENERGY PRIVATE LIMITED

Director

04/09/2010

05/10/2009

-

Under Process of Striking off

NO

20

U11100DL2006PTC154770

COLOSSAL ENERGY PRIVATE LIMITED

Director

30/08/2010

05/10/2009

-

Under Process of Striking off

NO

21

U11100DL2007PTC157434

SUBLIME ENERGY PRIVATE LIMITED

Director

20/09/2010

05/10/2009

-

Under Process of Striking off

NO

22

U11100DL2007PTC158395

HIGH STRENGTH ENERGY PRIVATE LIMITED

Director

20/09/2010

05/10/2009

-

Under Process of Striking off

NO

23

U74999DL1995PLC072431

UNITECH POWER TRANSMISSION LIMITED

Whole-time director

01/04/2010

01/04/2010

-

Active

NO

24

U45200DL2007PTC159732

UNITECH INFRA-PROJECTS PRIVATE LIMITED

Director

15/07/2010

15/07/2010

-

Active

NO

25

U40108DL2007PTC171151

UNITECH POWER PROJECTS PRIVATE LIMITED

Director

27/09/2010

01/09/2010

-

Active

NO

 

 

Name :

Mr. Rajan Narula

Designation :

Director

Address :

I-33, 1st Floor, Kirti Nagar, New Delhi-110015, India.

Date of Birth/Age :

02.04.1967

Date of Appointment :

26.06.2009

 

Other Directorship:

 

S.No.

CIN

Name of the Company

Current designation of the director

Date of appointment at current designation

Original date of appointment

Date of cessation

Company Status

Defaulting status

1

U92199DL2002PLC114253

UNITECH AMUSEMENT PARKS LIMITED

Director

25/09/2007

17/07/2007

-

Active

NO

2

U92199DL2002PTC114139

INTERNATIONAL RECREATION PARKS PRIVATE LIMITED

Director

25/09/2007

18/07/2007

-

Active

NO

3

U11100DL2006PTC154770

COLOSSAL ENERGY PRIVATE LIMITED

Director

28/07/2008

12/09/2007

07/04/2009

Under Process of Striking off

NO

4

U45200DL2007PTC160116

ARDENT PROPERTIES PRIVATE LIMITED

Director

01/08/2008

12/09/2007

24/12/2008

Active

NO

5

U45200DL2006PTC156980

PRIMROSE DEVELOPERS PRIVATE LIMITED

Director

13/08/2008

12/09/2007

-

Active

NO

6

U11100DL2007PTC158395

HIGH STRENGTH ENERGY PRIVATE LIMITED

Director

07/08/2008

12/09/2007

-

Under Process of Striking off

NO

7

U70102DL2007PTC160019

DEORIA ESTATES PRIVATE LIMITED

Director

30/07/2008

12/09/2007

-

Active

NO

8

U45200DL2006PTC155282

COLOSSAL PROPERTIES PRIVATE LIMITED

Additional director

12/09/2007

12/09/2007

01/12/2007

Active

NO

9

U70109DL2006PTC152562

UNITECH REALTY CONSTRUCTIONS PRIVATE LIMITED

Director

26/09/2008

27/10/2007

-

Active

NO

10

U45200DL2007PTC157924

UNITECH REAL-TECH DEVELOPERS PRIVATE LIMITED

Director

25/09/2008

27/10/2007

-

Active

NO

11

U70109DL2007PTC157740

UNITECH REALTY SOLUTIONS PRIVATE LIMITED

Director

26/09/2008

31/10/2007

-

Active

NO

12

U45200DL2007PTC158767

UNITECH HI-TECH INFRASTRUCTURES PRIVATE LIMITED

Director

26/09/2008

31/10/2007

-

Active

NO

13

U92412DL2007PTC165316

ALOR GOLF COURSE PRIVATE LIMITED

Director

05/08/2008

28/03/2008

13/04/2009

Active

NO

14

U92412DL2007PTC165314

ALOR RECREATION PRIVATE LIMITED

Director

05/08/2008

28/03/2008

13/04/2009

Active

NO

15

U50102DL2007PTC165317

ALOR MAINTENANCE PRIVATE LIMITED

Director

05/08/2008

28/03/2008

13/04/2009

Active

NO

16

U70101DL2005PLC134656

SOMERVILLE DEVELOPERS LIMITED

Director

17/09/2009

13/12/2008

-

Active

NO

17

U70101DL2005PLC132047

UNITECH SERVICE APARTMENTS LIMITED

Additional director

13/12/2008

13/12/2008

27/11/2010

Active

NO

18

U45400DL2007PTC166534

UNITECH WIRELESS (DELHI) Private LIMITED

Director

20/03/2009

20/03/2009

18/05/2009

Amalgamated

NO

19

U45400DL2007PTC167060

UNITECH WIRELESS (EAST) PRIVATE LIMITED

Director

20/03/2009

20/03/2009

18/05/2009

Amalgamated

NO

20

U45300DL2007PTC166531

UNITECH WIRELESS (KOLKATA) Private LIMITED

Director

20/03/2009

20/03/2009

18/05/2009

Amalgamated

NO

21

U45400DL2007PTC166896

UNITECH WIRELESS (MUMBAI) PRIVATE LIMITED

Director

20/03/2009

20/03/2009

18/05/2009

Amalgamated

NO

22

U45400DL2007PTC167483

UNITECH WIRELESS (NORTH) PRIVATE LIMITED

Director

20/03/2009

20/03/2009

18/05/2009

Amalgamated

NO

23

U45400DL2007PTC167056

UNITECH WIRELESS (SOUTH) Private LIMITED

Director

20/03/2009

20/03/2009

18/05/2009

Amalgamated

NO

24

U45400DL2007PTC166910

UNITECH WIRELESS (TAMILNADU) PRIVATE LIMITED

Director

20/03/2009

20/03/2009

18/05/2009

Active

NO

25

U45400DL2007PTC167633

UNITECH WIRELESS (WEST) PRIVATE LIMITED

Director

20/03/2009

20/03/2009

18/05/2009

Amalgamated

NO

26

U64203DL2008PTC184382

SIMPSON UNITECH WIRELESS PRIVATE LIMITED

Director

30/09/2009

30/03/2009

02/03/2010

Active

NO

27

U64200DL2008PLC179150

UNITECH BROADCAST LIMITED

Director

22/09/2009

07/04/2009

-

Active

NO

28

U72900DL2008PLC179149

UNITECH BROADBAND LIMITED

Director

22/09/2009

07/04/2009

-

Active

NO

29

U64201DL2008PLC179175

UNITECH TELECOM HOLDINGS LIMITED

Director

22/09/2009

07/04/2009

-

Active

NO

30

U64203DL2008PLC178795

UNITECH WIRELESS LIMITED

Director

22/09/2009

07/04/2009

-

Active

NO

31

U64200DL2008PTC184499

ACORUS UNITECH WIRELESS PRIVATE LIMITED

Director

30/09/2009

07/04/2009

02/03/2010

Active

NO

32

U64200DL2008PTC184380

CESTOS UNITECH WIRELESS PRIVATE LIMITED

Director

30/09/2009

07/04/2009

02/03/2010

Active

NO

33

U31300DL2008PTC184688

FLORES UNITECH WIRELESS PRIVATE LIMITED

Director

07/04/2009

07/04/2009

10/02/2010

Active

NO

34

U45202MH2008PTC180356

SHIVALIK VENTURES PRIVATE LIMITED

Director

23/09/2009

16/06/2009

-

Active

NO

35

U45200DL2007PTC172021

UNITECH LONG DISTANCE COMMUNICATION SERVICES Private Limited

Managing director

17/06/2009

17/06/2009

04/11/2009

Amalgamated

NO

36

U74999DL1995PLC072431

UNITECH POWER TRANSMISSION LIMITED

Director

18/08/2009

26/06/2009

-

Active

NO

37

U45202MH2008PTC187463

ICON SPACES PRIVATE LIMITED

Nominee director

13/08/2009

13/08/2009

07/09/2010

Active

NO

38

U74140DL2011PLC213306

JMR CORPORATE SOLUTIONS LIMITED

Director

02/02/2011

02/02/2011

-

Active

NO

 

 

Name :

Mr. Krishan D Rajani 

Designation :

Director

Address :

23B, Maker Towers, Cuffe Parade, Mumbai-400005, Maharashtra, India

Date of Birth/Age :

18.06.1947

Date of Appointment :

07.06.2001

 

Other Directorship:

 

S.No.

CIN

Name of the Company

Current designation of the director

Date of appointment at current designation

Original date of appointment

Date of cessation

Company Status

Defaulting status

1

U70100MH1999PTC122878

TOWN-SQUARE PROPERTIES PRIVATE LIMITED

Director

02/12/1999

02/12/1999

-

Active

NO

2

U72100MH2000PTC126455

ECONSTRUCT TECHNOLOGIES (INDIA) PRIVATE LIMITED

Director

12/05/2000

12/05/2000

-

Active

NO

3

U74999DL1995PLC072431

UNITECH POWER TRANSMISSION LIMITED

Director

07/06/2001

07/06/2001

09/12/2011

Active

NO

4

U70101MH2002PTC135450

TRISTAR INFRASTRUCTURE PRIVATE LIMITED

Director

08/04/2002

08/04/2002

-

Active

NO

 

 

 

 

Name :

Mr. Apoorva Shrivastava

Designation :

Managing Director

Address :

A-1/308, Safdarjung Enclave, New Delhi – 110 029, India

Date of Birth/Age :

29.11.1973

Date of Appointment :

31.03.2010

 

Other Directorship:

 

S.No.

CIN

Name of the Company

Current designation of the director

Date of appointment at current designation

Original date of appointment

Date of cessation

Company Status

Defaulting status

1

U67120DL1996PTC079057

SECONDGEN HOLDING PRIVATE LIMITED

Director

22/05/1996

22/05/1996

-

Active

NO

2

U28998DL1979PTC009781

UNIMET PROFILES PRIVATE LIMITED

Director

04/12/1997

04/12/1997

-

Active

NO

3

U74899DL1995PTC072415

MEDIASOFT SOLUTIONS PRIVATE LIMITED

Director

20/12/1997

20/12/1997

-

Active

NO

4

U74899DL1994PTC063603

MAST MOBILE MEDIA PRIVATE LIMITED

Director

01/03/1998

01/03/1998

-

Active

NO

5

U74999DL1995PLC072431

UNITECH POWER TRANSMISSION LIMITED

Director

29/06/2010

17/09/2005

-

Active

NO

 

 

KEY EXECUTIVES

 

Name :

Mr. Pradeep Kumar

Designation :

Secretary

Address :

Flat No. 1, Din Apartments, Sector – 4, Plot No. 7, Dwarka, New Delhi – 110 075, India

Date of Birth/Age :

22.06.1959

Date of Appointment :

01.05.2005

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

AS ON 04.08.2011

 

Names of Shareholders

 

No. of Shares

Unitech Limited, New Delhi, India

 

29999940

Unitech Limited Jointly with Unitech Builders Limited

 

10

Unitech Limited Jointly with Unitech Industries Limited

 

10

Unitech Limited Jointly with New India Construction Company Limited

 

10

Unitech Limited Jointly with Supernal Corrugation Limited

 

10

Unitech Limited Jointly with Unitech Business Park Limited

 

10

Unitech Limited Jointly with Ruhi Construction Company Limited

 

10

Total

 

30000000

 

AS ON 04.08.2011

 

Equity Share Breakup

 

Percentage of Holding

Category

 

 

Bodies corporate

 

100.00

Total

 

100.00

 

 

BUSINESS DETAILS

 

Line of Business :

Manufacturers of Galvanized Steel Lattice Towers and Steel Structures for renewal energy products like Solar Power Plants and Windmills.

 

 

Products :

Product Description

Item Code

Tower and Latice Masts of Iron and Steel

3402

 

 

GENERAL INFORMATION

 

Bankers :

Syndicate Bank, Corporate Finance Branch, Sector – 5, R K Puram, New Delhi-110022, India

 

 

Facilities :

 

SECURED LOAN

AS ON 31.03.2011

 (RS. IN MILLIONS)

AS ON 31.03.2010

 (RS. IN MILLIONS)

Rupee term loans banks secured

0.000

300.000

Rupee term loans financial institutions secured

22.437

59.863

Working capital loans banks secured

240.231

125.251

Loans taken for vehicles secured

0.722

0.715

Interest accrued due other debt secured

0.000

1.145

Total

263.390

486.974

 

 

 

Unsecured Loan

 

 

Loans taken for other fixed assets unsecured

320.300

246.672

Total

320.300

246.672

 

 

 

Banking Relations :

--

 

 

Auditors :

 

Name :

Goel Garg and Company

Chartered Accountant

Address :

H-4, Masjid Moth, Greater Kailash II, New Delhi-110048, India.

Tel. No.:

91-11-46539501/46539502

Fax No.:

91-11-41636825

E-Mail :

mailin@goelgarggroup.com

office@goelgarggroup.com

 

 

Holding Company :

Unitech Limited

 

 

CAPITAL STRUCTURE

 

As On 29.06.2011

 

Authorised Capital :

No. of Shares

Type

Value

Amount

30000000

Equity Shares

Rs.10/- Each

Rs.300.000 Millions

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

30000000

Equity Shares

Rs.10/- Each

Rs.300.000 Millions

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


 

FINANCIAL DATA

[all figures are in Rupees Millions]

 

ABRIDGED BALANCE SHEET

 

SOURCES OF FUNDS

 

31.03.2011

31.03.2010

31.03.2009

SHAREHOLDERS FUNDS

 

 

 

1] Share Capital

300.000

300.000

200.000

2] Share Application Money

0.000

0.000

139.097

3] Reserves & Surplus

0.000

0.000

0.000

4] (Accumulated Losses)

(28.078)

(56.398)

(55.130)

NETWORTH

271.922

243.602

283.967

LOAN FUNDS

 

 

 

1] Secured Loans

263.390

486.974

845.814

2] Unsecured Loans

320.300

246.672

0.000

TOTAL BORROWING

583.690

733.646

845.814

DEFERRED TAX LIABILITIES

6.136

14.203

14.519

 

 

 

 

TOTAL

861.748

991.451

1144.300

 

 

 

 

APPLICATION OF FUNDS

 

 

 

 

 

 

 

FIXED ASSETS [Net Block]

131.714

119.080

131.234

Capital work-in-progress

2.384

1.359

1.359

 

 

 

 

INVESTMENT

0.000

0.000

0.000

DEFERREX TAX ASSETS

0.000

27.776

31.481

 

 

 

 

CURRENT ASSETS, LOANS & ADVANCES

 

 

 

 

Inventories

309.440
234.007

226.047

 

Sundry Debtors

643.519
441.583

498.388

 

Cash & Bank Balances

123.738
58.052

32.505

 

Other Current Assets

0.000
0.000

69.255

 

Loans & Advances

361.585
544.309

801.138

Total Current Assets

1438.282
1277.951

1627.333

Less : CURRENT LIABILITIES & PROVISIONS

 

 

 

 

Sundry Creditors

508.511
277.501

509.419

 

Other Current Liabilities

188.355
152.367

126.361

 

Provisions

13.766
4.847

11.327

Total Current Liabilities

710.632
434.715

647.107

Net Current Assets

727.650
843.236

980.226

 

 

 

 

MISCELLANEOUS EXPENSES

0.000

0.000

0.000

 

 

 

 

TOTAL

861.748

991.451

1144.300

 

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2011

31.03.2010

31.03.2009

 

SALES

 

 

 

 

 

Income

1836.250

958.255

946.029

 

 

Other Income

21.580

86.158

69.565

 

 

TOTAL                                     (A)

1857.830

1044.413

1015.594

 

 

 

 

 

Less

EXPENSES

 

 

 

 

 

Consumption materials changes inventories

1387.796

686.691

718.989

 

 

Manufacturing service costs

74.960

29.240

51.509

 

 

Contract cost

60.309

45.342

45.113

 

 

Employee related expenses

53.307

46.807

102.065

 

 

Administrative selling other expenses

105.719

66.865

5.938

 

 

Increase or decrease in inventories

0.000

0.000

7.677

 

 

TOTAL                                     (B)

1682.091

874.945

931.291

 

 

 

 

 

Less

PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B)      (C)

175.739

169.468

84.303

 

 

 

 

 

Less

FINANCIAL EXPENSES                         (D)

110.251

154.552

138.578

 

 

 

 

 

 

PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)                                       (E)

65.488

14.916

(54.275)

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION                     (F)

9.777

12.396

15.728

 

 

 

 

 

 

PRIOR PERIOD ADJUSTMENT

0.619

(0.398)

0.000

 

 

 

 

 

 

PROFIT BEFORE TAX (E-F)                               (G)

56.330

2.122

(70.003)

 

 

 

 

 

Less

TAX                                                                  (H)

28.009

3.390

(21.130)

 

 

 

 

 

 

PROFIT AFTER TAX (G-H)                                (I)

28.321

(1.268)

(48.873)

 

 

 

 

 

 

Earnings Per Share (Rs.)

0.94

(0.04)

(2.31)

 

KEY RATIOS

 

PARTICULARS

 

 

31.03.2011

31.03.2010

31.03.2009

PAT / Total Income

(%)

1.52
(0.12)

(4.81)

 

 

 
 

 

Net Profit Margin

(PBT/Sales)

(%)

3.07
0.22

(7.40)

 

 

 
 

 

Return on Total Assets

(PBT/Total Assets}

(%)

3.59
0.15

(3.98)

 

 

 
 

 

Return on Investment (ROI)

(PBT/Networth)

 

0.21
0.09

(0.25)

 

 

 
 

 

Debt Equity Ratio

(Total Liability/Networth)

 

4.76
4.80

5.26

 

 

 
 

 

Current Ratio

(Current Asset/Current Liability)

 

2.02
2.94

2.51

 

 

 

LOCAL AGENCY FURTHER INFORMATION

 

OPERATIONS

 

The company has been able to demonstrate the scalability of its operations by growing impressively without compromising on operational excellence. The turnover and other income rose by 80% to Rs. 1909.000 Millions as compared to Rs 1063.600 Millions in the previous year.

 

Further, the profit after tax jumped to Rs. 28.300 Millions as compared to (1.300) Millions during the previous year. This is highest turnover and profitability achieved by the company in a year. During the year, the company completed Four transmission lines for Rajasthan Rajya Vidyut Nigam Limited. and Two lines for Uttar Pradesh Power Transmission Corporation Limited.

 

OUTLOOK

 

The ability to address the client needs with high level of efficiency has held your company in good stead in 2010-11. The company’s performance during the year has been very good. The continuous improvement in performance of the company, mainly be attributed to healthy growth of power sector, higher capacity utilization, ongoing emphasis on productivity and efficiency i.e. improvement in all area of operations.

 

Cost control measures and action for sustainable growth will further enable the company to consolidate its financial in near future. The continuous rapid growth in power sector shall provide impressive growth to the company in coming years. Recently the company secured orders from Reliance Utility Engineers Private Limited. for 400 KV transmission line in U.P and Mohan Energy Corporation for export of towers to Mali.

 

The company has orders for supply of about 31000 MT towers and construction of 330 KM lines worth Rs. 2000.000  Millions in hand and about 1000.000 Millions in pipeline as on 31st  March, 2011. In addition the company submitted tenders more than 400 crores. The company is in process of restructuring of organization in order to increase production capacity and bring operational efficiency.

 

Bankers Charges Report as per Registry

 

Corporate identity number of the company

U74999DL1995PLC072431

Name of the company

UNITECH POWER TRANSMISSION LIMITED

Address of the registered office or of the principal place of  business in India of the company

Unitech House 6 Community Centre, Saket, New Delhi 110017, Delhi, India

 

This form is for

Modification of charge

Type of charge

Immovable Property

Movable Property

Particular of charge holder

SYNDICATE BANK

Nature of instrument creating charge

Composite hypothecation agreement dated 6 April,2011

Date of instrument Creating the charge

06/04/2011

Amount secured by the charge

880.000 Millions

Brief of the principal terms an conditions and extent and operation of the charge

Rate of Interest

As per composite hypothecation Agreement

 

Terms of Repayment

hypothecation agreement dated 06/04/2011

 

Margin

As per hypothecation agreement dated 06/04/2011

 

Extent and Operation of the charge

The hypothecated assets to secure following credit limits sanctioned by Syndicate Bank to M/s Unitech Power Transmission Ltd.

A) SOD Rs. 150.000 Millions ( Sub limits PCL/FDBB/FUBP/LC/NLC Rs. 50.000 Millions DATBD/LC Rs. 60.000 Millions)

B) BG/FX (BG) 600.000 Millions

C) ILC/FLC Rs. 130.000 Millions on pari-passu basis with other bankers.

Short particulars of the property charged

Hypothecation on pari-passu basis with other bankers of stock of raw materials, semi finished goods, finished goods as and where including stock in transit. Hypothecation on pari-passu basis with other bankers of  borrower's present and future book debts, receivables etc. 2nd charge on pari-passu basis with other bankers on fixed assets of the company future and present (first charge with EXIM Bank) stored / to be stored at A-33, MIDC Industrial Area, Butibori, Nagpur

Date of instrument modifying the charge

01/09/2010

Particulars of the present modification

The charge now stands to secure an increased aggregate credit limit of Rs. 880.000 Millions (previously Rs. 630.000 Millions). All other terms and conditions remaining the same.

 

 

Fixed Assets

 

·         Leasehold Land

·         Building

·         Plant and Machinery

·         Electrical Installation

·         Roads

·         Computer Peripheral

·         Furniture and Fixture

·         Office Equipment

·         Vehicles

 


CMT REPORT (Corruption, Money Laundering & Terrorism]

 

The Public Notice information has been collected from various sources including but not limited to: The Courts, India Prisons Service, Interpol, etc.

 

1]         INFORMATION ON DESIGNATED PARTY

No records exist designating subject or any of its beneficial owners, controlling shareholders or senior officers as terrorist or terrorist organization or whom notice had been received that all financial transactions involving their assets have been blocked or convicted, found guilty or against whom a judgement or order had been entered in a proceedings for violating money-laundering, anti-corruption or bribery or international economic or anti-terrorism sanction laws or whose assets were seized, blocked, frozen or ordered forfeited for violation of money laundering or international anti-terrorism laws.

 

2]         Court Declaration :

No records exist to suggest that subject is or was the subject of any formal or informal allegations, prosecutions or other official proceeding for making any prohibited payments or other improper payments to government officials for engaging in prohibited transactions or with designated parties.

 

3]         Asset Declaration :

No records exist to suggest that the property or assets of the subject are derived from criminal conduct or a prohibited transaction.

 

4]         Record on Financial Crime :

            Charges or conviction registered against subject:                                                              None

 

5]         Records on Violation of Anti-Corruption Laws :

            Charges or investigation registered against subject:                                                          None

 

6]         Records on Int’l Anti-Money Laundering Laws/Standards :

            Charges or investigation registered against subject:                                                          None

 

7]         Criminal Records

No available information exist that suggest that subject or any of its principals have been formally charged or convicted by a competent governmental authority for any financial crime or under any formal investigation by a competent government authority for any violation of anti-corruption laws or international anti-money laundering laws or standard.

 

8]         Affiliation with Government :

No record exists to suggest that any director or indirect owners, controlling shareholders, director, officer or employee of the company is a government official or a family member or close business associate of a Government official.

 

9]         Compensation Package :

Our market survey revealed that the amount of compensation sought by the subject is fair and reasonable and comparable to compensation paid to others for similar services.

 

10]        Press Report :

            No press reports / filings exists on the subject.

 


 

CORPORATE GOVERNANCE

 

MIRA INFORM as part of its Due Diligence do provide comments on Corporate Governance to identify management and governance. These factors often have been predictive and in some cases have created vulnerabilities to credit deterioration.

 

Our Governance Assessment focuses principally on the interactions between a company’s management, its Board of Directors, Shareholders and other financial stakeholders.

 

 

CONTRAVENTION

 

Subject is not known to have contravened any existing local laws, regulations or policies that prohibit, restrict or otherwise affect the terms and conditions that could be included in the agreement with the subject.

 

 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.51.04

UK Pound

1

Rs.81.08

Euro

1

Rs.67.39

 


SCORE & RATING EXPLANATIONS

 

SCORE FACTORS

 

RANGE

POINTS

HISTORY

1~10

4

PAID-UP CAPITAL

1~10

4

OPERATING SCALE

1~10

4

FINANCIAL CONDITION

 

 

--BUSINESS SCALE

1~10

4

--PROFITABILIRY

1~10

3

--LIQUIDITY

1~10

3

--LEVERAGE

1~10

3

--RESERVES

1~10

3

--CREDIT LINES

1~10

2

--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

NO

--LISTED

YES/NO

NO

--OTHER MERIT FACTORS

YES/NO

YES

TOTAL

 

30

 

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

-

 

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.