1. Summary Information
|
|
|
Country |
|
|
Company Name |
KEC
INTERNATIONAL LIMITED |
Principal Name 1 |
Mr. H. V. Goenka |
|
Status |
Good |
Principal Name 2 |
Mrs. Sobha Singh Thakur |
|
|
|
Registration # |
11-152061 |
|
Street Address |
RPG House, 463, |
||
|
Established Date |
18.03.2005 |
SIC Code |
-- |
|
Telephone# |
91-22-66972777
/ 28204045 / 66670200 / 66670297 |
Business Style 1 |
Manufacturers |
|
Fax # |
91-22-66972799 / 28204052 / 66670299 / 66670287 / 66670260 |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
|
|
|
# of employees |
4800 (Approximately) |
Product Name 2 |
-- |
|
Paid up capital |
Rs. 514,177,000/- |
Product Name 3 |
-- |
|
Shareholders |
N.A. |
Banking |
Bank of |
|
Public Limited Corp. |
NO |
Business Period |
7 years |
|
IPO |
NO |
International Ins. |
- |
|
Public |
NO |
Rating |
A (64) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
34,163,756,000 |
Current Liabilities |
27,849,648,000 |
|
Inventories |
3,180,153,000 |
Long-term Liabilities |
6,016,611,000
|
|
Fixed Assets |
6,993,133,000 |
Other Liabilities |
1,617,146,000 |
|
Deferred Assets |
00,000 |
Total Liabilities |
35,483,405,000 |
|
Invest& other Assets |
1,138,974,000 |
Retained Earnings |
9,478,434,000 |
|
|
|
Net Worth |
9,992,611,000 |
|
Total Assets |
45,476,016,000 |
Total Liab. & Equity |
45,476,016,000 |
|
Total Assets (Previous Year) |
40,234,825,000 |
|
|
|
P/L Statement as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Sales |
46,894,668,000 |
Net Profit |
1,818,387,000 |
|
Sales(Previous yr) |
39,651,173,000 |
Net Profit(Prev.yr) |
1,470,901,000 |
MIRA
INFORM REPORT
|
Report Date : |
10.08.2012 |
IDENTIFICATION DETAILS
|
Name : |
KEC INTERNATIONAL LIMITED |
|
|
|
|
Registered
Office : |
RPG House, 463, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
18.03.2005 |
|
|
|
|
Com. Reg. No.: |
11-152061 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 514.177 million |
|
|
|
|
CIN No.: [Company Identification
No.] |
L45200MH2005PLC152061 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMK11457F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACK4279J |
|
|
|
|
Legal Form : |
A Public Limited Liability company. The company’s Share are Listed on
the Stock Exchange. |
|
|
|
|
Line of Business
: |
Manufacturers of |
|
|
|
|
No. of Employees
: |
4800 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
A (64) |
|
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 |
|
Maximum Credit Limit : |
USD 39970000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Exist |
|
|
|
|
Comments : |
Subject is a well established and a reputed company having fine track.
Financial position of the company appears to be sound. Directors are reported
to be experienced and respectable businessmen. Trade relations are reported
as fair. Business is active. Payments are reported to be regular and as per
commitments. 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 – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
A+ (Long Term Rating) |
|
Rating Explanation |
Having adequate degree of safety regarding timely servicing of
financial obligation, it carry low credit risk. |
|
Date |
06.01.2012 |
|
Rating Agency Name |
ICRA |
|
Rating |
A1 (Short Term Rating) |
|
Rating Explanation |
Having very strong degree of safety regarding timely payment of
financial obligation, it carry lowest credit risk. |
|
Date |
|
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
LOCATIONS
|
Registered Office / International Transmission : |
1st Floor, RPG House, 463, |
|
Tel. No.: |
91-22-66972777/ 28204045/ 66670200/ 66670297 |
|
Fax No.: |
91-22-66972799/ 28204052/ 66670299/ 66670287/ 66670260 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
KEC
Manufacturing |
|
|
|
|
|
Factory 1 : |
B-190, M.I.D.C. Industrial Estate, Butibori, |
|
Tel. No.: |
91-7104-662209 |
|
Fax No.: |
91-7104-662251 |
|
E-Mail : |
|
|
|
|
|
Factory 2 : |
Jhotwara, Jaipur – 302 012, |
|
Tel. No.: |
91-141-2340214 / 91-141-6700201 |
|
Fax No.: |
91-141-2340223 |
|
E-Mail : |
|
|
|
|
|
Factory 3 : |
Deori, P. O. Panagarh, |
|
Tel. No.: |
91-761-2350024 |
|
Fax No.: |
91-761-2350204 |
|
E-Mail : |
|
|
|
|
|
Factory 4 : |
2nd |
|
Tel. No.: |
91-022-21731706 |
|
Fax No.: |
91-022-21731700 |
|
E-Mail : |
|
|
|
|
|
Factory 5 : |
349, Hebbal
Industrial Area, Hootagalli, Belavadi Post, |
|
Tel. No.: |
91-821-6559937/6559938/6553181 |
|
Fax No.: |
91-821-2402499 |
|
E-Mail : |
|
|
|
|
|
Factory 6 : |
Plot No 273/4, |
|
Tel. No.: |
91-260-2668518/2668519 |
|
Fax No.: |
91-260-2268519 |
|
E-Mail : |
|
|
|
|
|
PLANTS TRANSMISSION |
|
|
|
|
|
Factory 1 : |
B-190, M.I.D.C. Industrial Estate, Butibori, |
|
Tel. No.: |
91-7104-662209 |
|
Fax No.: |
91-7104-662251 |
|
E-Mail : |
|
|
|
|
|
Factory 2 : |
Jhotwara, Jaipur – 302 012, |
|
Tel. No.: |
91-141-2340214 / 91-141-6700201 |
|
Fax No.: |
91-141-2340223 |
|
E-Mail : |
|
|
|
|
|
Factory 3 : |
Deori, P. O. Panagarh, |
|
Tel. No.: |
91-761-2350024 |
|
Fax No.: |
91-761-2350204 |
|
E-Mail : |
|
|
|
|
|
Factory 4 : |
|
|
|
|
|
Factory 5 : |
|
|
|
|
|
CABLES |
|
|
Factory 6: |
Hebbal Industrial
Area, Hootagalli, Belavadi Post, Mysore-571 186, |
|
|
|
|
Factory 7: |
2nd |
|
|
|
|
Factory 8: |
|
|
|
|
|
Factory 9: |
Samlaya, Vadodara
– 391 520, |
|
|
|
|
Projects
Locations : |
DLF Infinity Towers, 7th Floor, Tower-'B', DLF City, Phase-II,
Gurgaon-122 002, Haryana, India Phone: 91-124-4188777 Fax: 91-124-4188721 Email: kecdomestic@kecrpg.com 1st Floor, RPG House, 463, Phone: 91-22-666770200 e-mail: kecindia@kecrpg.com 6th Floor RPG House, Tel:
91-22-66670300/66670305 Fax:
91-22-24930206/24930206 Power Division Email: sanjay.deosthali@rpgcables.com Telecom Division Email: nandanan@rpgcables.com Export Division Email: chatterjeet@rpgcables.com |
|
Telecommunication: |
KEC International Limited Telecom Division, "The Pavilion",
3rd Floor, 339/2, Mehrauli-Gurgaon Road, Opposite State Bank of India, Sector
14, Gurgaon-122001, Haryana, India Phone:91-124-4607700 |
DIRECTORS
As on 05.07.2011
|
Name : |
Mr. H. V. Goenka |
|
Designation : |
Chairman |
|
Address : |
14-16, Patazzo B. G. Khar Marg, Mumbai – 400 008, |
|
Tel No.: |
91-22-23630872 |
|
Qualification : |
Arts Graduate and BA, MBA ( |
|
Other Directorship : |
|
|
|
|
|
Name : |
Mr. R. D. Chandak |
|
Designation : |
Managing Director and Chief Executive Officer |
|
Address : |
B/44, |
|
Qualification : |
M. Com., FCA |
|
|
|
|
Name: |
Mrs. Sobha Singh Thakur |
|
Designation: |
Director |
|
Address: |
1161, |
|
Qualification: |
M. Com., CAIIB |
|
|
|
|
Name: |
Mr. Gulu Lalchand Mirchandani |
|
Designation: |
Director |
|
Address: |
22, Paras, Little |
|
Qualification: |
B. Mechanical |
|
|
|
|
Name : |
Mr. Dilip G Piramal |
|
Designation : |
Director |
|
|
|
|
Name : |
Mr. Sharad Madhav Kulkarni |
|
Designation : |
Director |
|
Qualification : |
Bechelor of Engineering : FIE ( |
|
Other Directorship: |
|
|
|
|
|
Name: |
Mr. Ajit Teckchand Vaswani |
|
Designation: |
Director |
|
Address: |
502, |
|
Qualification: |
CA, CS |
|
|
|
|
Name: |
Mr. Jotindra Mansukhlal Kothary |
|
Designation: |
Director |
|
Address: |
16 A, Thakur Niwas, 3rd Floor, 173, J. N. Tata Road, Churchgate,
Mumbai – 400 020, Maharashtra |
|
Tel No.: |
91-22-2881537 |
|
Qualification: |
B. Com LLB, MBA ( |
|
|
|
|
Name : |
Mr. P. A. Makwana |
|
Designation : |
Director |
|
|
|
|
Name : |
Mr. M. K. Sharma |
|
Designation : |
Director |
KEY EXECUTIVES
|
Name : |
Mr. Ch. V. Jagannadha Rao |
|
Designation : |
Company Secretary |
|
|
|
|
Name : |
Mr. Vimal Kejriwal |
|
Designation : |
President – Transmission Business |
|
|
|
|
Name : |
Mr. George Varghese |
|
Designation : |
President – Distribution Business |
|
|
|
|
Name : |
Mr. Vardhan Vasant Dharkar |
|
Designation : |
Chief Financial Officer |
|
|
|
|
Name : |
Mr. Yugesh Goutam |
|
Designation : |
Senior Vice President – Human Resource |
|
|
|
|
Name : |
Mr. Luigi Ruggieri |
|
Designation : |
CEO – |
|
|
|
|
Name : |
Mr. Nikhil Gupta |
|
Designation : |
Executive Director – Cables |
|
|
|
|
Name : |
Mr. Randeep Narang |
|
Designation : |
Executive Director – |
|
|
|
|
Name : |
Mr. Maadhav Digraskar |
|
Designation : |
Chief Executive – Power System |
|
|
|
|
Name : |
Mr. A. K. Sharma |
|
Designation : |
Chief Executive – Telecom |
|
|
|
|
Name : |
Mr. Sanjay Chandra |
|
Designation : |
Chief Executive – Railways |
|
|
|
|
Name : |
Mr. Dilip Shukla |
|
Designation : |
Chief Executive – Water |
|
|
|
|
Name : |
Mr. Akhil Saxena |
|
Designation : |
Senior Vice President – Supply Chain |
|
|
|
|
Name : |
Mr. V. Balasubramanian |
|
Designation : |
Senior Vice President- International Project |
|
|
|
|
Name : |
Mr. R.D. Chandak |
|
Designation : |
Managing Director and Chief Executive Officer |
|
|
|
|
Name : |
Mr. Vasant Pandit |
|
Designation : |
Senior Vice president – Sales and Marketing (Cable) |
|
|
|
|
Name : |
Mr. Jonathan Fletcher |
|
Designation : |
Senior Vice President – Manufacturing (Cables) |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.06.2012
|
Names of Shareholders |
No. of Shares |
Percentage of
Holding |
|
|
|
|
|
(A)
Shareholding of Promoter and Promoter Group |
|
|
|
|
|
|
|
|
1205110 |
0.47 |
|
|
111720126 |
43.46 |
|
|
112925236 |
43.92 |
|
|
|
|
|
|
|
|
|
Total
shareholding of Promoter and Promoter Group (A) |
112925236 |
43.92 |
|
|
|
|
|
(B)
Public Shareholding |
|
|
|
|
|
|
|
|
78366607 |
30.48 |
|
|
7365635 |
2.87 |
|
|
10285350 |
4.00 |
|
|
5796618 |
2.25 |
|
|
|
|
|
|
5480 |
0.00 |
|
|
5480 |
0.00 |
|
|
101819690 |
39.60 |
|
|
|
|
|
|
|
|
|
|
9414660 |
3.66 |
|
|
|
|
|
|
|
|
|
|
27997384 |
10.89 |
|
|
1903055 |
0.74 |
|
|
|
|
|
|
3028345 |
1.18 |
|
|
974756 |
0.38 |
|
|
291419 |
0.11 |
|
|
1762130 |
0.69 |
|
|
40 |
0.00 |
|
|
42343444 |
16.47 |
|
|
|
|
|
Total
Public shareholding (B) |
144163134 |
56.08 |
|
|
|
|
|
Total
(A)+(B) |
257088370 |
100.00 |
|
|
|
|
|
(C) Shares
held by Custodians and against which Depository Receipts have been issued |
0 |
0.00 |
|
|
0 |
0.00 |
|
|
0 |
0.00 |
|
|
0 |
0.00 |
|
|
|
|
|
Total
(A)+(B)+(C) |
0 |
0.00 |
(1) Indian
Individuals / Hindu Undivided Family
Foreign BankBUSINESS DETAILS
|
Line of Business : |
Manufacturers of |
||||||||
|
|
|
||||||||
|
Products : |
|
GENERAL INFORMATION
|
No. of Employees : |
4800 (Approximately) |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Bankers : |
·
Bank of ·
IDBI Bank Limited ·
Abu Dhabi Commercial
Bank ·
Punjab National Bank ·
Allahabad Bank ·
The Royal Bank of ·
Andhra Bank ·
Standard Chartered
Bank ·
Axis Bank Limited ·
State Bank of ·
Bank of ·
Bank of ·
Barclays Bank Plc ·
State Bank of ·
Central Bank of ·
Syndicate Bank ·
Corporation Bank ·
UCO Bank ·
Dena Bank ·
YES Bank Limited ·
Export Import Bank
of ·
The Dhanlaxmi Bank
Limited ·
ICICI Bank Limited ·
|
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Facilities : |
|
||||||||||||||||||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Deloitte Haskin
and Sells Chartered Accountants |
|
Address : |
Mumbai, |
|
|
|
|
Subsidiaries -
Wholly Owned : |
· RPG Transmission Nigeria Limited · KEC Global FZ – LLC, Ras UL Khaimah · Jay Railway Projects Private Limited (formerly known as Jay Railway Signaling Private Limited) (w.e.f. September 14, 2010) ·
KEC Investment Holdings, ·
KEC Global Mauritius, ·
KEC International Holdings ·
KEC ·
KEC ·
KEC Transmission ·
KEC ·
·
SAE Towers Brazil Subsidiary Company ·
SAE Towers Mexico Subsidiary Holding Company ·
SAE Towers Mexico S de RL de CV, ·
SAE Towers Brazil Torres de Transmission
Limited, ·
SAE Prestadora de Servicios ·
SAE Towers 2 Investmentos e Participacoes
Limited, ·
SAE Towers Limited, ·
·
SAE Towers Panama S de RL, · KEC Power India Private Limited (Status changed frm Joint Venture to Subsidiary w.e.f. March 31, 2012) *w.e.f. September 7, 2010 # w.e.f. September 23, 2010 |
|
|
|
|
Subsidiaries : |
·
RPG Transmission Nigeria Limited, · KEC Global FZ – LLC, Ras UL Khaimah · Jay Railway Projects Private Limited ·
KEC Investment Holdings, ·
·
KEC Transmission ·
KEC · KEC Power India Private Limited (Status changed frm Joint Venture to Subsidiary w.e.f. March 31, 2012) ·
SAE Towers Mexico S de RL de CV, |
|
|
|
|
Joint Ventures: |
·
Al-Sharif Group and KEC Company Limited, (formerly known as Faiz Abdul Hakim Al-Sharif Group and KEC Company
Limited, · KEC Power India Private Limited (Status changed frm Joint Venture to Subsidiary w.e.f. March 31, 2012) ·
EJP KEC ·
KEC – ASSB JV, · KEC – ASIAKOM – UB JV · KEC – ASIAKOM JV · KEC – JEI JV · KEC – DELCO – VARAHA JV · KEC – VARAHA – KHAZANA JV · KEC – VALECHA – DELCO JV · KEC – SIDHARTH JV · KEC – TRIVENI – KPIPL JV · KEC – UNIVERSAL JV · KEC – DELCO – DUSTAN JV · KEC – ANPR – KPIPL JV · KEC – PLR – KPIPL JV · KEC – BJCL JV |
CAPITAL STRUCTURE
As on 05.07.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
300000000 |
Equity Shares |
Rs. 2/- each |
Rs. 600.000 Millions |
|
50000000 |
Equity Shares |
Rs. 10/- each |
Rs. 500.000 Millions |
|
1500000 |
Redeemable Preference
Shares |
Rs. 100/- each |
Rs. 150.000 MIllions |
|
|
|
|
|
|
|
TOTAL |
|
Rs.1250.000 millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
257088370 |
Equity Shares |
Rs. 2/- each |
Rs. 514.177
millions |
|
|
|
|
|
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
514.177 |
514.177 |
493.446 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
9478.434 |
8135.922 |
7161.569 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
5] Equity Share Suspense |
0.000 |
0.000 |
20.731 |
|
|
NETWORTH |
9992.611 |
8650.099 |
7675.746 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
3246.358 |
5883.144 |
7755.089 |
|
|
2] Unsecured Loans |
2770.253 |
2690.980 |
112.348 |
|
|
TOTAL BORROWING |
6016.611 |
8574.124 |
7867.437 |
|
|
DEFERRED TAX LIABILITIES |
666.120 |
579.505 |
461.105 |
|
|
|
|
|
|
|
|
TOTAL |
16675.342 |
17803.728 |
16004.288 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
6993.133 |
7017.289 |
6750.240 |
|
|
Capital work-in-progress |
1076.861 |
193.432 |
378.644 |
|
|
Advances for capital expenditure |
0.000 |
0.000 |
4.383 |
|
|
|
|
|
|
|
|
INVESTMENT |
62.113 |
53.649 |
18.694 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
3180.153
|
2128.839 |
2497.529
|
|
|
Sundry Debtors |
22142.418
|
20440.859 |
19449.195
|
|
|
Cash & Bank Balances |
941.285
|
596.144 |
678.011
|
|
|
Other Current Assets |
6229.687
|
5801.967 |
0.000
|
|
|
Loans & Advances |
4850.366
|
4002.646 |
3972.552
|
|
Total
Current Assets |
37343.909
|
32970.455 |
26597.287 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
18813.323
|
15548.346 |
9578.173
|
|
|
Other Current Liabilities |
9036.325
|
6208.721 |
7610.677
|
|
|
Provisions |
951.026
|
674.030 |
556.110
|
|
Total
Current Liabilities |
28800.674
|
22431.097 |
17744.960 |
|
|
Net Current Assets |
8543.235
|
10539.358 |
8852.327 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
16675.342 |
17803.728 |
16004.288 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
46043.338 |
39651.173 |
38772.439 |
|
|
|
Other Income |
851.330 |
41.914 |
9.893 |
|
|
|
TOTAL (A) |
46894.668 |
39693.087 |
38782.332 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of materials consumed |
25099.319 |
20276.205 |
20108.935 |
|
|
|
Changes in inventories of finished goods, work-in-progress and scrap |
(183.003) |
99.833 |
0.000 |
|
|
|
Erection and Subcontracting Expenses |
10826.098 |
9167.761 |
9504.382 |
|
|
|
Employee Benefit Expenses |
2417.922 |
2002.820 |
0.000 |
|
|
|
Other Expenses |
4478.850 |
4275.751 |
3620.401 |
|
|
|
Personal Expenses |
0.000 |
0.000 |
1681.434 |
|
|
|
TOTAL (B) |
42639.186 |
35822.370 |
34915.152 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
4255.482 |
3870.717 |
3867.180 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
1337.066 |
1052.971 |
865.263 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
2918.416 |
2817.746 |
3001.917 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
360.485 |
344.910 |
262.435 |
|
|
|
|
|
|
|
|
|
Less |
Exceptional
items |
9.783 |
84.900 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
2548.148 |
2387.936 |
2739.482 |
|
|
|
|
|
|
|
|
|
Less |
TAX (I) |
729.761 |
917.035 |
1029.570 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-I) (J) |
1818.387 |
1470.901 |
1709.912 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
5192.894 |
4226.445 |
3048.461 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to Capital Redemption Reserve |
N.A |
0.000 |
0.000 |
|
|
|
Transfer to General Reserve |
N.A. |
147.090 |
170.991 |
|
|
|
Dividend on Equity Shares |
N.A. |
308.506 |
308.506 |
|
|
|
Tax on distributed Profits |
N.A. |
48.856 |
52.431 |
|
|
BALANCE CARRIED
TO THE B/S |
5192.894 |
5192.894 |
4226.445 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
N.A. |
N.A. |
4677.128 |
|
|
TOTAL EARNINGS |
N.A. |
N.A. |
4677.128 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
2567.17 |
1331.321 |
893.506 |
|
|
|
Stores & Spares |
47.292 |
43.910 |
1.255 |
|
|
|
Purchase of Fixed Assets |
539.396 |
131.020 |
40.155 |
|
|
TOTAL IMPORTS |
3153.858 |
1506.251 |
934.916 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
|
|
|
|
|
Basic |
7.07 |
5.72 |
NA |
|
|
|
Diluted |
7.07 |
5.72 |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
3.87
|
3.70 |
4.41
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
5.53
|
6.02 |
7.07
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
5.74
|
5.97 |
11.18
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.25
|
0.27 |
0.36
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
3.48
|
3.58 |
3.34
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.29
|
1.46 |
1.50
|
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact
person |
No |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
---- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details
(if applicable) |
No |
|
21] |
Market information |
---- |
|
22] |
Litigations that the firm
/ promoter involved in |
Yes |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
---- |
|
26] |
Buyer visit details |
---- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of Proprietor/Partner/Director,
if available |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
LITIGATION DETAILS
|
|
|
Case Details |
|
Bench: |
|
|
|
Stamp No.:- WPST/16267/2012 Filling
Date:- 20.06.2012 Reg. No.:- WP/5894/2012 Reg.
Date:- 02.07.2012 |
|
|
|
Petitioner:
- M/S. KUKUM SILK MILLS AND ORS Respondent:- KEC INTERNATIONAL
LIMITED |
|
Petn.
Adv.:- LEX FIRMUS |
|
District: - MUMBAI |
|
|
|
Bench:
- SINGLE |
|
Status:
- Pre-Admission |
|
Next
Date: - 22.08.2012 Stage: - PETITIONS
FOR ADMISSION – FRESH [CIVIL SIDE
|
|
MATTERS] |
|
Coram:
- ACCORDING TO SITTING LIST |
|
Last
Date: - 31.07.2012 Stage: - PETITIONS
FOR ADMISSION – FRESH [CIVIL SIDE
|
|
MATTERS] |
|
|
|
Last Coram: - HON’BLE SHRI JUSTICE R. M. SAVANT |
|
|
|
Act: - C.P.C. – (Interlocutory Order) |
ECONOMIC REVIEW
During
FY12, the Indian GDP grew at ~ 6.9% as compared to 8.4% in previous year. With agriculture
and services continuing to perform well,
The
global economic environment has been fragile throughout the year, owing to the
challenges in the Euro-zone,
political
turmoil in the Middle East & North Africa, aftermath of the earthquake
& tsunami in
INDUSTRY OUTLOOK AND OPPORTUNITIES ACROSS
BUSINESSES AND RELATED GEOGRAPHIES
KEC
International Limited (the Company) has presence in six business verticals –
Power Transmission, Power Systems, Cables, Telecom, Railways and Water. The
business is spread over 45 countries across South Asia, Middle East & North
Africa (MENA), Rest of Africa, Central Asia and
POWER SECTOR REVIEW
Growth
in Power Sector is one of the key demand drivers for a significant part of the Company’s
businesses (Power Transmission, Power Systems and Cables) and therefore this
section takes a closer look at the global power scenario. Globally 25.9% of
world’s population is still without access to power. Region wise,
Worldwide power
shortage and its increasing demand is driving substantial investments in power
generation. The world’s net electricity generation capacity is expected to
increase from 19.1 trillion kwh in 2008 to 35.2 trillion kwh by 2035. There is a strong growth opportunity
in the Company’s conventional EPC markets of
Investments in
generation capacity must be supported with corresponding investments in
transmission & distribution infrastructure. Therefore the global power
transmission and distribution (T&D) sector has strong growth prospects for
the years to come. Apart from generation based T&D demand, there will be
demand in the form of replacements of old existing networks and implementation
of grid strengthening and interconnections. Many regions have planned for
interconnection of their grids.
POWER TRANSMISSION - OUTLOOK & OPPORTUNITIES
This
is the largest business vertical of the Company.
Region-wise
highlights are as follows:
I)
In the 12th Five
Year Plan (12th Plan), the Working Group of Power, Government of India has
recommended a capacity addition target of 76 GW of conventional capacity as
compared to actual capacity addition of ~ 51 GW in the 11th Five Year Plan (11th
Plan).
In order to support
the expansion in power generation, the transmission and distribution network
will have to be significantly expanded and strengthened. In the 12th Plan,
transmission line addition target is expected at 109,440 circuit kms as
compared to actual addition of 76,955 circuit kms during the 11th Plan.
During the 12th
Plan, The Central Transmission Utility, Power Grid Corporation of India
Limited. (PGCIL) has planned investment of ` 1,00,0000.000 Million for
transmission systems associated with central sector linked generation, Ultra
Mega Power projects (UMPP) & Independent Power Producers (IPP) and Grid
Strengthening. Further, investments are also being lined up by the State
Electricity Boards (SEBs) to expand the intra-state transmission networks. In
some cases, PGCIL and SEBs investments are backed by multilateral funding
agencies like World Bank, Asian Development Bank etc.
A
substantial increase in inter-regional transmission networks is required as
power generation sources are unevenly distributed and power needs to be
transmitted over large distances from power generation areas to the ultimate
consumers. Eleven High Capacity Transmission Corridors (HCTC) are planned and
are being developed in phases. Private sector participation in the transmission
sector has been low so far. However, it is expected that
there
will be increasing contribution of private sector investments due to more
number of projects planned through competitive bidding process (BOO/BOOT). The
power sector faces challenges related to fuel linkages, land acquisition,
environmental clearances, statutory clearances, right of way (RoW) and poor
financial health of SEBs. However, the Government of India is expected to take
adequate steps to address these concerns. Further, many of the SEBs are hiking
their power tariffs to reduce their financial losses and improve cash flows.
SAARC Countries -
II] MIDDLE EAST AND
Total
estimated investment in the
~ $86
Billion in Transmission between years 2008 and 2030.
GCC Countries - GCC
countries have grown ~ 7% in 2011 backed by increase in crude prices and higher
public spending. Strong economic growth, rapid population increase, commercial
and industrial growth are the major demand drivers for the power sector in this
region. Within GCC,
III] REST OF AFRICA AND
REST OF
multilateral
funding institutions, are being undertaken by central Asian countries to expand
and upgrade their power infrastructure.
IV)
UNITED STATES - The
POWER SYSTEMS - OUTLOOK & OPPORTUNITIES
In
this space, the Company’s majority business comes from the Substation segment.
Apart from this, the Company also focuses on Power Distribution, Rural
Electrification and other related segments.
In
rural electrification scheme, the Government of India, through its scheme Rajiv
Gandhi Grameen Vidyutikaran
Yojana
(RGGVY) has taken several initiatives to ensure electricity access to all the
villages and households. Implementation of RGGVY has so far electrified almost
93.5% of the villages. Another Scheme is the Restructured-Accelerated Power
Development and Reforms Programme (R-APDRP) to strengthen the urban
distribution network. The scheme also focuses on T&D loss reduction.
CABLES BUSINESS – OUTLOOK AND OPPORTUNITIES
KEC’s
cable manufacturing can be divided into two broad areas - Power Cables and
Telecom Cables. Power Cables constitute the major portion (~ 80%) of its Cable
business. The current size of Cables Market in
TELECOM BUSINESS – OUTLOOK AND OPPORTUNITIES
In
this space, the Company’s business mainly comes from installation of Optical
Power Ground Wire (OPGW) Network and
RAILWAYS BUSINESS – OUTLOOK AND OPPORTUNITIES
In
this space, the Company’s business comes from Conventional Railway projects.
The Company is also focusing on upcoming Dedicated Rail Freight Corridors and
Mass Rapid Transit System opportunities.
CONVENTIONAL RAILWAY
The
Annual Railway Budget of Government of India has proposed the highest ever plan
outlay at ` 60,1000.000 Million for FY13 on
Indian Railways.
DEDICATED FREIGHT CORRIDORS
The
Government of India has planned to construct two Dedicated Freight Corridors
(DFC) – 1) Western DFC (1,534 kms) and 2) Eastern DFC (1,839 kms). The
scheduled completion of these projects is by 2016-17.
MASS RAPID TRANSIT SYSTEM
Increasing
urbanization and strain on the existing transport infrastructure is
necessitating investment in modern Mass Rapid Transit System (metro and mono
rails). To facilitate this, the Ministry of Urban Development is planning metro
systems for cities with a population of over two Million.
Metro
projects involving a total investment of Rs. 60,0000.000 Million with a total route length of over 272 Kms are currently in
the advanced planning stage and their implementation is likely to begin in next
two-three years. These include metro projects in Ahmedabad, Navi Mumbai,
WATER BUSINESS – OUTLOOK AND OPPORTUNITIES
In
this space, the Company is focusing on opportunities in water resource
management as well as water and waste water treatment. Water is a relatively
scarce resource in
resources
in a sustainable manner. The Government of India has given high priority for
construction of Water Infrastructure. It has initiated several schemes which
include Rajiv Gandhi National Drinking Water Mission (RGNDWM), Jawaharlal Nehru
National Urban Renewal Mission (JNNURM) and Urban Infrastructure Development
for Small and Medium Towns (UIDSSMT) in the form of central and state
government grants for the sector.
FINANCIAL PERFORMANCE
(Based
on consolidated results)
Net
Sales increased by 29.89 % to ` 5,8147.400 Million in FY12.
EBITDA
is ` 4713.2 Million as against ` 4767.8 Million in the FY11
Depreciation
and Amortisation expense (net) is Rs. 479.200 Million against `
408.100 Million in the FY11.
Finance
Costs is ` 1597.400 Million against ` 1176.400 Million in the FY11.
Other
Income for the year is ` 616.3 Million. This includes
profit from assignment of leasehold rights in the land at Vashi of ` 531.8 Million.
Net profit
increased by 1.78% to ` 2093.000 Million.
Earnings
per Share (EPS) stood at ` 8.14 against Rs. 8.00 in FY11.
Proposed
Dividend for the year is 60% of face value of equity share, reflecting a
proposed distribution of Rs. 358.6 Million (including dividend
distribution tax).
Book
Value per share increased to ` 43.09 per share as against ` 36.82 per share in
FY11.
Net
debt to equity ratio reduced to 0.94 times against 1.34 times in FY11.
Net
working capital days reduced to 73 days against 106 days in FY11.
OPERATIONAL PERFORMANCE
The
Company has received many orders during FY12. The orders were spread across
various businesses and geographies. The Company’s Order Book increased to Rs.
8,5720.000 Million against ` 7,8000.000 Million FY11 end.
PERFORMANCE
On consolidated basis, the Net Sales
increased by 29.89 % to ` 5,8147.400 Million in FY12.
The Net profit increased by 1.77% to ` 2093.000 Million.
On standalone basis, the Net Sales
increased by 16.12% to ` 4,604.33 Million in FY12.
The Net profit increased by 23.62% to ` 1818.400 Million. During FY12, the
Company has secured many orders and these were spread across various businesses
and geographies. This helped in increasing the order book from ` 7,8000.000
Million in FY11 end to Rs. 8,5720.000 Million in FY12 end.
The
Company is continuously spreading its wings for further growth every year by
entering into new geographies, adding its customer base and expanding its
businesses.
New Geographies – During FY12,
Transmission business entered into DR Congo by
securing order of ` 213 Million.
Adding Customers –
Traditionally, KEC has secured most of its business from the government sector
across the globe. However, in recent years, the Company has been focusing on
diversifying and adding to its customer base in the private sector. During the
year, it secured 5 transmission lines EPC orders in
Expanding Businesses – The
Company has gradually ventured into new businesses– Power Systems, Cables,
Railways and Water. Its’ order book from these businesses increased from `
1,1730.000 Million in FY10 to ` 2,3430.000 Million in FY12. The Company is
leveraging its project execution capabilities and experience along with its
strong global presence in each of these businesses. The Company aims to
consolidate and grow these new businesses to achieve, in the long term, a balanced
business portfolio. During the year, the company has enhanced its tower
manufacturing capacity from 151,000 MTs to 174,000 MTs by debottlenecking and
adding balancing equipment.
CONTINGENT
LIABILITIES IN RESPECT OF:
(a)
Claims against the Company not acknowledged as debts:
(Rs. In Millions)
|
Nature of Claims
|
Relating to various years comprise
in the period |
31.03.2011 |
|
|
|
|
|
Sales
Tax/Value Added Tax* (Tax/Penalty/Interest) |
1993-2010 1993-2010 |
257.020 |
|
Excise
Duty * (Tax/Penalty/Interest) |
1994-2012 1994-2011 |
251.412 |
|
Service
Tax * (Tax/Penalty/Interest) |
2002-2010 2004-2010 |
1.646 |
|
Entry
Tax (Tax/Penalty/Interest) |
1995-2012 1995-2008 |
150.962 |
|
(i)
Income Tax matters mainly in respect of disallowance of depreciation etc. relating
to Power Transmission Business acquired by the Company |
A.Y.2006-07
to 2009-10 A.Y.2006-07 and 2009-10 |
724.144 |
|
(ii)
Income Tax matters at overseas unit/s |
2002 2002 |
119.327 |
|
Customs
Duty |
1995-1996 |
6.014 |
|
Civil Suits |
1993-1994 1993-1994 |
0.500 |
|
Demands of employees/ sub contractors |
|
Amount Not Determinable |
*These
claims mainly relate to the issues of applicability, issue of disallowance of
cenvat credit and in case of Sales Tax/Value Added Tax, and also relate to the
issue of submission of ‘C’ forms.
(b)
Other matters for which the Company is contingently liable:
|
Particulars |
31.03.2011 |
|
|
(Rs. In
Millions) |
|
Guarantees
given to banks for credit facilities extended/ loans given to the wholly
owned subsidiary companies Rs.6088.276 Millions. Facilities / loans
outstanding at the year end |
5020.525 |
|
Performance
guarantee given to a customer of the wholly owned subsidiary Company |
2239.651 |
|
Bank
guarantees provided by the Company to customers of the wholly owned
subsidiary companies in connection with the respective contracts awarded/bids
made |
239.136 |
|
Performance
guarantee provided by a bank to the customer of the wholly owned subsidiary
Company by utilising the Company’s credit facility with that bank |
26.499 |
(c) Other money for which the Company is contingently
liable:
|
Sr. No |
Particulars |
31.03.2012 |
|
1 |
Bills discounted |
678.395 |
|
2 |
Contingent
liability of Income Tax taken over by the Company in terms of the
Composite Scheme of Arrangement under which the Power Transmission
Business was acquired by the Company |
73.125 |
STATEMENT OF
STANDALONE UNAUDITED RESULTS FOR THE QUARTER ENDED 30.06.2012
(Rs. in millions)
|
Sr. No. |
Particulars |
3 months ended
330.06.2012 Unaudited |
|
|
|
|
|
|
|
1. |
Income from
Operations |
|
|
|
|
a) Net Sales/Income from operations (Net of excise duty) |
10266.300 |
|
|
|
b) Other Operating Income |
212.900 |
|
|
|
|
|
|
|
|
Total Income from Operations (net) |
10479.200 |
|
|
|
|
|
|
|
2. |
Expenses |
|
|
|
|
a) Cost of Materials Consumed |
5387.500 |
|
|
|
b) Purchases of Stock-in-trade |
- |
|
|
|
c) Changes in inventories of finished goods, works-in- process and
stock-in-trade |
(335.400) |
|
|
|
d) Erection and Subcontract Charges |
2994.600 |
|
|
|
e) Employee benefits expense |
656.100 |
|
|
|
f) Depreciation and Amortization expenses |
92.000 |
|
|
|
g) Other Expenses |
1335.700 |
|
|
|
Total Expenses |
10130.5 |
|
|
|
|
|
|
|
3. |
Profit From Operations before Other Income, Finance Cost and
Exceptional Items (1-2) |
348.700 |
|
|
|
|
|
|
|
4. |
Other Income |
54.900 |
|
|
|
|
|
|
|
5. |
Profit from Ordinary Activities Before finance Costs and
Exceptional Items (3+4) |
403.600 |
|
|
|
|
|
|
|
6. |
Finance Costs |
326.400 |
|
|
|
|
|
|
|
7. |
Profit from Ordinary Activities after finance Costs but
before Exceptional Items (5-6) |
77.200 |
|
|
|
|
|
|
|
8. |
Exceptional Items |
- |
|
|
|
|
|
|
|
9. |
Profit from Ordinary Activities before Tax (7+8) |
77.200 |
|
|
|
|
|
|
|
10. |
Tax Expense |
25.500 |
|
|
|
|
|
|
|
11. |
Net Profit from Ordinary Activities after Tax (9-10) |
51.700 |
|
|
|
|
|
|
|
12. |
Extraordinary Item (net of expense) |
- |
|
|
|
|
|
|
|
13. |
Net Profit for the period (11-12) |
51.700 |
|
|
|
|
|
|
|
14. |
Paid-up Equity Share Capital (Face Value of Rs.2/- Each) |
514.200 |
|
|
|
|
|
|
|
15. |
Reserves Excluding Revaluation Reserve |
- |
|
|
|
|
|
|
|
16. |
Basic
and Diluted Earning Per Share (EPS) before and After extra ordinary items)
(Not Annualized) |
0.20 |
|
|
|
|
|
|
|
A |
Particulars
of Shareholding |
|
|
|
|
|
|
|
|
1. |
Public
Shareholding |
|
|
|
|
-Number of Shares |
144163134 |
|
|
|
- Percentage of Shareholding |
56.08% |
|
|
|
|
|
|
|
18. |
Promoters
and Promoter Group Shareholding |
|
|
|
|
a) Pledged/Encumbered |
|
|
|
|
- Number of Shares |
NIL |
|
|
|
- Percentage of Shares (as a % of the Total Shareholding
of promoter and promoter group) |
NIL |
|
|
|
- Percentage of Shares (as a % of the Total Share Capital
of the Company) |
NIL |
|
|
|
|
|
|
|
|
b)
Non Encumbered |
|
|
|
|
- Number of Shares |
112925236 |
|
|
|
- Percentage of Shares (as a % of the Total Shareholding
of Promoter and Promoter Group) |
100.00% |
|
|
|
- Percentage of Shares (as a % of the Total Share Capital
of the Company) |
43.92% |
|
|
|
|
|
|
|
|
|||
|
|
Particulars |
3 months ended 31.06.2012 |
|
|
B |
INVESTOR COMPLAINTS Pending at the begging of the quarter Received during the quarter Disposed of during the quarter Remaining unresolved at the end of the quarter |
Nil 2 2 Nil |
|
Notes:
1. The above
results of the Company were
reviewed by the Audit Committee
and approved by the Board of Directors.
2. The statutory auditors of the Company have conducted a "Limited
Review" of the above unaudited financial results.
3. Other Income for the year ended March
31, 2012 includes Rs. 531.800
Millions being profit on assignment of leasehold
rights in the land at Vashi along with structures thereon. Other Income for the quarter
ended and year ended March 31, 2012 includes Rs. 76.700 Millions and Rs. 272.200 Millions respectively being
dividend income from an overseas subsidiary.
4. The execution of the construction works under contracts of the Company with
General Electric Company,
5. The Company is primarily engaged in the business of Engineering,
Procurernent and Construction (EPC). As
such there is no separate
reportable segment as defined by the Accounting
Standard (AS) 17 - "Segment Reporting" notified under the Companies
(Accounting Standards) Rules, 2006.
6. There was no investor complaint pending at
the beginning of the quarter. No complaint was received during the quarter Ended December 31,201 1 and no complaint was pending as at
the quarter end.
7. Previous period's figures have been
regrouped wherever necessary.
FIXED ASSETS:
·
Freehold and
·
Buildings
·
Plant and Machinery
·
Computers
·
Furniture and Fixtures
·
Electrical Installations
·
Vehicles
·
Computer Softwares
·
Brand
·
Goodwill
PRESS
RELEASE
Net
Sales up by 33.4% Y-o-Y, Order book up by 16.6% Y-o-Y
Mumbai, July 31, 2012: ,KEC International
Ltd. (KEC), a global infrastructure EPC major, an RPG Group company, today announced
its unaudited consolidated results for the quarter ended June 30, 2012.
Net Sales, for
the quarter stands at Rs. 1,3640.000 Million. It
has increased by 33.4% as compared to the corresponding quarter of the previous
year.
EBITDA, for the quarter stands at Rs. 1030.000 Million. It has increased by 6.5% as
compared to the corresponding quarter of the previous year.
Profit after Tax (PAT) , for the quarter
stands at Rs. 330.000 Million. It remained flat as
compared to the corresponding quarter of the previous year.
The Order Book
continues to remain robust and currently stands at Rs. 9,4620.000
Million. It has increased by 16.6% as compared to end of corresponding quarter
of the previous year.
Mr. Ramesh Chandak, MD & CEO of the company
commented "We are proud to deliver strong growth in our
top-line continuously. In each of our previous 4 quarters, our growth rate is
more than 25% Y-o-Y".
About KEC
International LIMITED
KEC International is global infrastructure Engineering,
Procurement and Construction (EPC) major. It has presence in the verticals of
Power Transmission, Power Systems, Cables, Railways, Telecom and Water. The
Company has powered infrastructure development in 46 countries across South
Asia, Middle East, Africa, Central Asia and
About RPG
RPG Enterprises is one of
KEC International
secures orders worth Rs. 7400.000 Million
- Transmission Business– Rs. 530.000 Million order from
- Power Systems Business– Rs. 1030.000 Million orders from
- Railways Business – Entered in
- Cables Business – Rs. 2120.000 Million orders for supply of Power and
Telecom cables
Mumbai, July 27, 2012: KEC International
Ltd. (KEC), a global infrastructure EPC major, an RPG Group company, has
secured new orders worth Rs. 7400.000 Million
spread across its Transmission, Power Systems, Railways and Cable businesses.
Details are as follows -
Transmission
Business:
In this business, the Company has secured orders from
Power systems
Business:
In this business, the Company has secured orders from
Railways
Business:
In this business, the Company has received an order for
establishment of Power Supply,Signaling and Telecommunication Systems on a
turnkey basis. The project is part of the North-South Railway project in
This is the largest ever railway order for the Company.
With the entry in
Cable Business:
In this Business, the Company has secured various orders for
supply of Power Cables and Telecom Cables. The total value of these orders is Rs. 2120.000 Million.
About KEC
International LIMITED
KEC International is global infrastructure Engineering,
Procurement and Construction (EPC) major. It has presence in the verticals of
Power Transmission, Power Systems, Cables, Railways, Telecom and Water. The
Company has powered infrastructure development in 46 countries across South
Asia, Middle East, Africa, Central Asia and
About RPG Enterprise
RPG Enterprises is one of
KEC International
secures orders worth Rs. 7950.000 Million
- Transmission Business– Rs. 6000.000 Million orders from
- Power Systems Business– Rs. 1950.000 Million orders from
Mumbai, July 4, 2012: KEC International
Limited (KEC), a global infrastructure EPC major, an RPG Group company, has
secured new orders worth Rs. 7950.000 Million
spread across its Transmission and Power Systems businesses.
Transmission
Business:
In this business, the Company has received three orders worth Rs. 6000.000 Million – two orders from Power Grid
Corporation of India Limited (PGCIL),
- In Orissa, the Company has secured an
order from PGCIL order for establishment of 765 kV double circuit
transmission lines on turnkey basis between Angul – Srikakulam. The order
value is Rs. 299 Million, project duration is
30 months and total line length is 130 kilometers.
- In Andhra-Pradesh the Company has
secured an order from PGCIL for establishment of 400 kV double circuit
transmission lines on turnkey basis between
- The Sri-Lanka order is for
establishment of 132 kV double Circuit transmission line on turnkey basis
between Ambalangoda to
Power systems
Business:
In this business, the Company has received three orders from
Kenya of total worth Rs. 1950.000 Million – two orders
are for setting up substations on turnkey basis and third order is for setting
up underground cables on turnkey basis. These orders are received from the
Kenya Power and Lighting Company ltd (KPLC).
- Order for setting-up eight 66/11 kV
substations and one 33/11 kV substation at areas near
- Order for setting-up four 33/11 kV
substations and one 66/11 kV substation at areas near
- Order for setting up the 33 kV XLPE and
optic fibre underground cables. The order value is
Rs. 280.000 Million and project duration is 12 months and project
length is total 42 kilometers.
Mr. Ramesh Chandak, MD & CEO of KEC International
said, “We are happy to see continuous order inflows for
Substations from
About KEC
International LIMITED
KEC International is global infrastructure Engineering,
Procurement and Construction (EPC) major. It has presence in the verticals of
Power Transmission, Power Systems, Cables, Railways, Telecom and Water. The
Company has powered infrastructure development in 46 countries across South
Asia, Middle East, Africa, Central Asia and
About RPG Enterprise
RPG Enterprises is one 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 :
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.55.14 |
|
|
1 |
Rs.86.00 |
|
Euro |
1 |
Rs.68.31 |
INFORMATION DETAILS
|
Report Prepared
by : |
NID |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
8 |
|
--PROFITABILIRY |
1~10 |
8 |
|
--LIQUIDITY |
1~10 |
8 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
8 |
|
--CREDIT LINES |
1~10 |
7 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
YES |
|
--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 |
YES |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
64 |
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.