MIRA
INFORM REPORT
|
Report Date : |
25.01.2012 |
IDENTIFICATION DETAILS
|
Name : |
NUCLEAR POWER CORPORATION OF INDIA LIMITED |
|
|
|
|
Registered
Office : |
16th Floor, Centre -1, World Trade Centre, Cuffe Parade,
Colaba, Mumbai 400005, Maharashtra, India |
|
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|
Country : |
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|
|
|
|
Financials (as
on) : |
31.03.2011 |
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|
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|
Date of
Incorporation : |
03.09.1987 |
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|
|
|
Com. Reg. No.: |
11 - 149458 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 101453.327 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U40104MH1987GOI149458 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMN09769E / PNEN03855F |
|
|
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|
PAN No.: [Permanent Account No.] |
AAACN3164F / AAACM3154F |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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|
Line of Business
: |
Generation of Power |
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|
|
|
No. of Employees
: |
12006 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
A (64) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
56-70 |
A |
Financial and 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 950000000 |
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|
|
|
Status : |
Good |
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|
|
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a government organization. It is a well established and
reputed company having fine track. Financial position of the company appears
to be sound. Fundamentals are strong and healthy. Trade relations are
reported as fair. Business is active. Payments are reported to be regular and
as per commitments. The company can be considered good for any 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.
INFORMATION PARTED BY
|
Name : |
MS. Vidyaravindra |
|
Designation : |
Assistant Finance |
|
Contact No.: |
91-22-25994280 |
|
Date : |
24.01.2012 |
LOCATIONS
|
Registered Office : |
16th Floor, Centre -1, World Trade Centre, Cuffe Parade,
Colaba, Mumbai 400005, Maharashtra, India |
|
Tel. No.: |
91-22-22182171 / 22182177 |
|
Fax No.: |
91-22-22180109 |
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E-Mail : |
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|
Website : |
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Location : |
Owned |
|
|
|
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Corporate Office : |
Nabhikiya Urja Bhavan, Anushakti Nagar, Mumbai 400094, |
|
Tel. No.: |
91-22-25993000 / 25991000 |
|
Fax No.: |
91-22-25994020 / 25563350 |
|
|
|
|
Power Station / Power Projects : |
Located At ·
Tarapur ·
Rajasthan ·
Narora ·
Madras ·
Kakrapar ·
Kundankulam |
|
|
|
|
Quality Surveillance / Assurance Offices : |
Located At ·
Baroda ·
Bangalore ·
Haridwar ·
Hyderabad ·
Bhopal ·
Chennai ·
Hazira ·
Kolkata ·
Noida ·
Secunderabad ·
Vizag ·
Pune ·
Trichy ·
Walchandnagar |
DIRECTORS
AS ON 07.09.2011
|
Name : |
Mr. Shreyans Kumar Jain |
|
Designation : |
Managing Director |
|
Address : |
10-B, Zerlina Little Gibbs Road, Malabar Hills, Mumbai-400006,
Maharashtra, India |
|
Date of Birth/Age : |
08.05.1948 |
|
Date of Appointment : |
03.01.2004 |
|
DIN No.: |
00044649 |
Other Directorship:
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Company
Status |
Defaulting
status |
|
1 |
U40104TN2003GOI051811 |
BHARATIYA
NABHIKIYA VIDYUT NIGAM LIMITED |
Managing
director |
03-01-04 |
03-01-04 |
Active |
NO |
|
2 |
U40104MH1987GOI149458 |
NUCLEAR
POWER CORPORATION OF INDIA LIMITED |
Managing
director |
01-06-10 |
03-01-04 |
Active |
NO |
|
Name : |
Mr. Shiv Abhilash Bhardwaj |
|
Designation : |
Director |
|
Address : |
C-602, Balaji Towers, Plot No.8, Secotr-22, Nerul, Navi Mumbai-400706,
Maharashtra, India |
|
Date of Birth/Age : |
04.01.1949 |
|
Date of Appointment : |
03.02.2005 |
|
DIN No.: |
00044553 |
Other Directorship:
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Company
Status |
Defaulting
status |
|
1 |
U40104MH1987GOI149458 |
NUCLEAR
POWER CORPORATION OF INDIA LIMITED |
Director |
03-02-05 |
03-02-05 |
Active |
NO |
|
2 |
U40300MH2011GOI212727 |
ANUSHAKTI
VIDHYUT NIGAM LIMITED |
Director |
27-01-11 |
27-01-11 |
Active |
NO |
|
Name : |
Mr. Nageswara Rao Guntur |
|
Designation : |
Director |
|
Address : |
2-B, Zerlina Little Gibbs Road, Malabar Hills, Mumbai-400006,
Maharashtra, India |
|
Date of Birth/Age : |
01.01.1953 |
|
Date of Appointment : |
06.08.2007 |
|
DIN No.: |
01733801 |
|
|
|
|
Name : |
Mr. Kailash Chandra Purohit |
|
Designation : |
Whole Time Director |
|
Address : |
62, Sreeniketan, Anushakti Nagar, Mumbai-400094, Maharashtra, India |
|
Date of Birth/Age : |
10.05.1954 |
|
Date of Appointment : |
27.11.2009 |
|
DIN No.: |
02903715 |
|
|
|
|
Name : |
Mr. Shirish Balkrishna Agarkar |
|
Designation : |
Whole Time Director |
|
Address : |
Flat No. A/202, 2nd Floor, Rutu Park, Near Brindaban Bus
Station, Thane-400601, Maharashtra, India |
|
Date of Birth/Age : |
23.03.1952 |
|
Date of Appointment : |
27.11.2009 |
|
DIN No.: |
02904800 |
|
|
|
|
Name : |
Ms. Apurwa Prakash Joshi |
|
Designation : |
Director |
|
Address : |
9-B, Zerlina Little Gibbs Road, Malabar Hills, Mumbai-400006,
Maharashtra, India |
|
Date of Birth/Age : |
09.09.1953 |
|
Date of Appointment : |
11.12.2008 |
|
DIN No.: |
02328306 |
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 |
U75112KA1974SGC002613 |
KARNATAKA
RURAL INFRASTRUCTURE DEVELOPMENT LIMITED |
Director |
23-06-08 |
23-06-08 |
17-12-08 |
Active |
NO |
|
2 |
U40104MH1987GOI149458 |
NUCLEAR
POWER CORPORATION OF INDIA LIMITED |
Director |
11-12-08 |
11-12-08 |
- |
Active |
NO |
|
3 |
U40104TN2003GOI051811 |
BHARATIYA
NABHIKIYA VIDYUT NIGAM LIMITED |
Nominee
director |
11-12-08 |
11-12-08 |
- |
Active |
NO |
|
Name : |
Mr. Sadasivam Raman Vindlachervu |
|
Designation : |
Nominee Director |
|
Address : |
1-B, Zerlina Little Gibbs Road, Malabar Hills, Mumbai-400006,
Maharashtra, India |
|
Date of Birth/Age : |
24.12.1953 |
|
Date of Appointment : |
18.07.2007 |
|
DIN No.: |
01734028 |
Other Directorship:
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Company
Status |
Defaulting
status |
|
1 |
U40104TN2003GOI051811 |
BHARATIYA
NABHIKIYA VIDYUT NIGAM LIMITED |
Nominee
director |
18-07-07 |
18-07-07 |
Active |
NO |
|
2 |
U40104MH1987GOI149458 |
NUCLEAR
POWER CORPORATION OF INDIA LIMITED |
Nominee
director |
18-07-07 |
18-07-07 |
Active |
NO |
|
3 |
U32100AP1967GOI001149 |
ELECTRONICS
CORPORATION OF INDIA LIMITED |
Director |
19-07-07 |
19-07-07 |
Active |
NO |
|
4 |
U12000JH1967GOI000806 |
URANIUM
CORPORATION OF INDIA LIMITED |
Director |
23-07-07 |
23-07-07 |
Active |
NO |
|
5 |
U15100MH1950GOI008187 |
INDIAN
RARE EARTHS LIMITED |
Nominee
director |
23-07-07 |
23-07-07 |
Active |
NO |
|
Name : |
Mr. Ratan Kumar Sinha |
|
Designation : |
Director |
|
Address : |
9-A, Zerlina Little Gibbs Road, Malabar Hills, Mumbai-400006,
Maharashtra, India |
|
Date of Birth/Age : |
23.10.1951 |
|
Date of Appointment : |
15.09.2010 |
|
DIN No.: |
03311031 |
Other Directorship:
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Company
Status |
Defaulting
status |
|
1 |
U40104MH1987GOI149458 |
NUCLEAR
POWER CORPORATION OF INDIA LIMITED |
Director |
15-09-10 |
15-09-10 |
Active |
NO |
|
2 |
U40104TN2003GOI051811 |
BHARATIYA
NABHIKIYA VIDYUT NIGAM LIMITED |
Director |
18-11-10 |
18-11-10 |
Active |
NO |
|
Name : |
Ms. Nalini Bhat |
|
Designation : |
Director |
|
Address : |
D-1, Flat No.1420, Vasant Kunj, New Delhi-110070, India |
|
Date of Birth/Age : |
16.04.1951 |
|
Date of Appointment : |
15.07.2010 |
|
DIN No.: |
03209133 |
|
|
|
|
Name : |
Mr. Vijay Mohan Kaul |
|
Designation : |
Director |
|
Address : |
485, Mandakini Enclave, New Delhi-110019, India |
|
Date of Birth/Age : |
18.03.1952 |
|
Date of Appointment : |
15.07.2010 |
|
DIN No.: |
00015245 |
Other Directorship:
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Company
Status |
Defaulting
status |
|
1 |
U40105DL2001PLC110714 |
POWERLINKS
TRANSMISSION LIMITED |
Director |
20-07-11 |
03-07-03 |
Active |
NO |
|
2 |
U40102DL2006GOI147937 |
BYRNIHAT
TRANSMISSION COMPANY LIMITED |
Director |
08-09-09 |
17-09-08 |
Strike
off |
NO |
|
3 |
L40101DL1989GOI038121 |
POWER
GRID CORPORATION OF INDIA LIMITED |
Whole-time
director |
16-03-09 |
16-03-09 |
Active |
NO |
|
4 |
U40104MH1987GOI149458 |
NUCLEAR
POWER CORPORATION OF INDIA LIMITED |
Director |
15-07-10 |
15-07-10 |
Active |
NO |
|
5 |
L40105DL1999PLC099328 |
PTC INDIA
LIMITED |
Nominee
director |
17-10-11 |
17-10-11 |
Active |
NO |
|
Name : |
Mr. Rakesh Nath |
|
Designation : |
Director |
|
Address : |
D-II/93, Kaka Nagar, New Delhi-110003, India |
|
Date of Birth/Age : |
21.05.1950 |
|
Date of Appointment : |
26.04.2011 |
|
DIN No.: |
00045986 |
|
|
|
|
Name : |
Mr. Arbind Prasad |
|
Designation : |
Director |
|
Address : |
B-2/2, MS Flats, Sector-13, R, K. Puram, New Delhi-110022, India |
|
Date of Birth/Age : |
08.03.1956 |
|
Date of Appointment : |
17.06.2011 |
|
DIN No.: |
00995865 |
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 |
U74140HR1997NPL033466 |
NATIONAL
HANDICAPPED FINANCE AND DEVELOPMENT CORPORATION (U/S.25) |
Nominee
director |
26-02-09 |
26-02-09 |
- |
Active |
NO |
|
2 |
U85110UP1972GOI003646 |
ARTIFICIAL
LIMBS MANUFACTURING CORPORATION OF INDIA LIMITED |
Director |
14-05-09 |
14-05-09 |
08-11-11 |
Active |
NO |
|
3 |
U40104MH1987GOI149458 |
NUCLEAR
POWER CORPORATION OF INDIA LIMITED |
Director |
17-06-11 |
17-06-11 |
- |
Active |
NO |
|
4 |
U40104TN2003GOI051811 |
BHARATIYA
NABHIKIYA VIDYUT NIGAM LIMITED |
Nominee
director |
17-06-11 |
17-06-11 |
- |
Active |
NO |
KEY EXECUTIVES
|
Name : |
Mr. Srikar R Pai |
|
Designation : |
Secretary |
|
Address : |
D-8, Ajanta, Anushakti Nagar, Mumbai-400094, Maharashtra, India |
|
Date of Birth/Age : |
19.03.1961 |
|
Date of Appointment : |
08.03.2007 |
|
Pan No.: |
AEAPP2451G |
|
|
|
|
Name : |
MS. Vidyaravindra |
|
Designation : |
Assistant Finance |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 07.09.2011
|
Names of Shareholders |
No. of Shares |
|
President of India |
101743311 |
|
Srikumar Banerjee |
10 |
|
Sheyans Kumar Jain |
1 |
|
Kailash Chandra Purohit |
1 |
|
Apurwa Prakash Joshi |
1 |
|
Sadasivam R Vindlachervu |
1 |
|
Arun Srivastava |
1 |
|
Niranjan Kumar |
1 |
|
Total |
101743327 |
AS ON 07.09.2011
|
Equity Shares
Break Up |
Percentage |
|
Government |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Generation of Power |
|
|
|
|
Terms : |
|
|
Selling : |
L/C, Cash and Credit |
|
|
|
|
Purchasing : |
L/C, Cash and Credit |
PRODUCTION STATUS (AS ON 31.03.2011)
|
Particulars |
Unit |
Installed
Capacity |
|
Nuclear Energy |
Mwe |
4680 |
|
Wind Energy |
Mwe |
10 |
GENERAL INFORMATION
|
No. of Employees : |
12006 (Approximately) |
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|
Bankers : |
·
State Bank of India, Overseas Branch, World Trade
Centre, Cuffe Parade, Colaba, Mumbai- 400005, Maharashtra, India |
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Facilities : |
SECURED LOAN
(Rs. In Millions)
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Kalani and Company Chartered Accountants |
|
Address : |
B-145B, Kalyanpath Mangal Marg, Bapu Nagar, Jaipur- 302015, |
|
|
|
|
Subsidiaries : |
·
Anushakti Vidhyut Nigam Limited CIN No.: U40300MH2011GO1212727 ·
URANIUM Corporation of India Limited ·
Electronics Corporation of India Limited ·
International Resources Group |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
150000000 |
Equity Shares |
Rs.1000/- each |
Rs. 150000.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
101453327 |
Equity Shares |
Rs.1000/-
each |
Rs.
101453.327 Millions |
|
|
|
|
|
Note:
Of the above, 9668611 Equity Shares allotted
as fully paid up without payment being received in cash.
AS ON 30.09.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
150000000 |
Equity Shares |
Rs.1000/- each |
Rs. 150000.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
101743327 |
Equity Shares |
Rs.1000/-
each |
Rs.
101743.327 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 |
101453.327 |
101453.327 |
101453.327 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
138392.638 |
128406.260 |
124987.817 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
239845.965 |
229859.587 |
226441.144 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
120396.200 |
91872.000 |
65630.000 |
|
|
2] Unsecured Loans |
58697.718 |
62747.017 |
74562.161 |
|
|
TOTAL BORROWING |
179093.918 |
154619.017 |
140192.161 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
418939.883 |
384478.604 |
366633.305 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
136579.144 |
124269.505 |
107182.835 |
|
|
Capital work-in-progress |
159286.888 |
161124.365 |
173596.055 |
|
|
|
|
|
|
|
|
INVESTMENT |
22896.090 |
24127.781 |
27326.264 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
HEAVY Water Lease Charges Recoverable |
3857.024 |
4120.994 |
1834.890 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
3924.389
|
3887.710
|
3781.372 |
|
|
Sundry Debtors |
11444.371
|
5034.896
|
5065.597 |
|
|
Cash & Bank Balances |
100686.407
|
72107.220
|
51551.265 |
|
|
Other Current Assets |
6264.627
|
6413.783
|
4010.244 |
|
|
Loans & Advances |
8197.710
|
5884.537
|
4668.106 |
|
Total
Current Assets |
130517.504
|
93328.146 |
69076.584 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
2888.480
|
2852.240
|
3208.605 |
|
|
Other Current Liabilities |
22628.757
|
15242.731
|
6142.011 |
|
|
Provisions |
8679.530
|
4397.216
|
3032.707 |
|
Total
Current Liabilities |
34196.767
|
22492.187 |
12383.323 |
|
|
Net Current Assets |
96320.737
|
70835.959
|
56692.677 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
418939.883 |
384478.604 |
366633.305 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
60158.289 |
38068.176 |
30105.551 |
|
|
|
Other Income |
8816.845 |
6725.297 |
7710.324 |
|
|
|
TOTAL (A) |
68975.134 |
44793.473 |
37815.875 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Employees Remuneration |
7676.941 |
6618.299 |
6425.945 |
|
|
|
Administrative Expenses |
2866.454 |
2427.075 |
2032.556 |
|
|
|
Fuel and Heavy Water |
22910.940 |
14176.709 |
10550.312 |
|
|
|
Operation and
Maintenance Expenses |
3341.818 |
3068.569 |
2889.200 |
|
|
|
TOTAL (B) |
36796.153 |
26290.652 |
21898.013 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
32178.981 |
18502.821 |
15917.862 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
6614.895 |
4410.303 |
4887.827 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
25564.086 |
14092.518 |
11030.035 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/ AMORTISATION (F) |
8676.518 |
7210.760 |
7060.852 |
|
|
|
|
|
|
|
|
|
|
PRIOR PERIOD
ADJUSTMENTS |
11.070 |
2141.185 |
(838.541) |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
16876.498 |
4740.573 |
4807.724 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
3113.241 |
576.440 |
394.884 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
13763.257 |
4164.133 |
4412.840 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
11215.673 |
9806.465 |
7942.467 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
5000.000 |
1000.000 |
1000.000 |
|
|
|
Dividend |
2629.000 |
0.000 |
323.852 |
|
|
|
Tax on Dividend |
436.644 |
0.000 |
55.039 |
|
|
|
Interim Dividend |
1500.000 |
1500.000 |
1000.000 |
|
|
|
Tax on Interim Dividend |
249.131 |
254.925 |
169.951 |
|
|
BALANCE CARRIED
TO THE B/S |
15164.155 |
11215.673 |
9806.465 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Guest House Receipt (at KK Project) |
0.350 |
1.010 |
NA |
|
|
TOTAL EARNINGS |
0.350 |
1.010 |
NA |
|
|
|
|
|
|
|
|
|
|
IMPORTS VALUE |
7617.089 |
7380.664 |
8938.169 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
135.66 |
41.04 |
43.50 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
19.95
|
9.29
|
11.66 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
28.05
|
12.45
|
15.96 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
6.32
|
2.17
|
2.72 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.07
|
0.02
|
0.02 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.89
|
0.77
|
0.67 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.82
|
4.15
|
5.57 |
LOCAL AGENCY FURTHER INFORMATION
SUNDRY CREDITORS
DETAILS
Rs.
In Millions
|
Particulars |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
|
|
|
Sundry Creditors |
|
|
|
|
Amount Due To Micro and Small Enterprises |
16.307
|
10.108 |
8.585 |
|
Others |
2872.173
|
2842.132 |
3200.020 |
|
Total |
2888.480
|
2852.240 |
3208.605 |
|
Check List by Info Agents |
Available in Report (Yes / No) |
|
1. Year of Establishment |
Yes |
|
2. Locality of the firm |
Yes |
|
3. Constructions of the firm |
Yes |
|
4. Premises details |
Yes |
|
5. Type of Business |
Yes |
|
6. Line of Business |
Yes |
|
7. Promoter’s background |
------- |
|
8. No. of Employees |
Yes |
|
9. Name of person contacted |
Yes |
|
10. Designation of contact person |
Yes |
|
11. Turnover of firm for last three years |
Yes |
|
12. Profitability for last three years |
Yes |
|
13. Reasons for variation <> 20% |
No |
|
14. Estimation for coming financial year |
Yes |
|
15. Capital in the business |
Yes |
|
16. Details of sister concerns |
No |
|
17. Major suppliers |
No |
|
18. Major customers |
No |
|
19. Payments terms |
Yes |
|
20. Export / Import details |
No |
|
21. Market information |
------ |
|
22. Litigations that the firm / promoter involved |
------ |
|
23. Banking Details |
Yes |
|
24. Banking facility details |
No |
|
25. Conduct of the banking account |
------ |
|
26. Buyer visit details |
------ |
|
27. Financials, if provided |
No |
|
28. Incorporation details, if applicable |
------ |
|
29. Last accounts filed at ROC |
------ |
|
30. Major Shareholders, if available |
------ |
PERFORMANCE
HIGHLIGHTS
The Company has achieved
higher average capacity factor of about 71% as against 61% for the previous
year. The use of imported fuel for reactors under safeguards (1840 MW) and
improved domestic fuel availability for reactors fuelled by domestic uranium
(2840 MW) resulted in higher capacity utilization. The year recorded the
highest nuclear power generation since the inception of the Company.
Electricity generation, as per the billing cycle, in 2010-11 has been 26469
Million kWh (MUs) as against 18798 MUs in 2009-10 showing an increase of 41%.
The revenue realization has been maintained at a high level of 99%.
The Department of
Atomic Energy (DAE) has issued revised tariff norms for determining tariff for
sale of electricity by Atomic Power Stations., vide notification dated 8th
December 2010. The tariffs, based on revised norms are effective from 1st July
2010 for all atomic power stations and are to remain effective for 5 years.
However, the revised tariffs, as per new tariff norms, have not yet been
notified. Pending such notification, the revenue for the year has been
determined as per existing tariff / on provisional basis as per practice of the
Corporation.
Renovation and
Modernization activities viz. Enmasse Coolant Channel Replacement (EMCCR),
Enmasse Feeder Replacement (ENFR) together with upgrades have been completed at
NAPS-2 and KAPS-1 and these reactors were synchronized to the grid during the
year.
With the
commissioning of Kaiga-4 (220 MW) during the year, the number of Nuclear Power
Reactors in operation in the country has increased to 20 with a total installed
capacity of 4780 MW including RAPS-1 (100 MW) owned by the Government and
operated by Subject.
The revenue from
sale of power generated from wind farm with an installed capacity of 10 MW at
Kudankulam during the year was Rs.64.200 Millions as against Rs.74.600 Millions
for the previous year.
The provision for
taxation during the year is Rs.3110.000 Millions as compared to Rs.580.000
Millions last year. The increase is on account of hike in book profit to
Rs.13760.000 Millions as against Rs.4160.000 Millions in the previous year.
Presently, the Company is being subjected to Minimum Alternate Tax @ 19.93%
including surcharge and cess on tax after availing tax holiday benefits
available under provisions of the Income Tax Act, 1961.
The amount
received towards interest on Research and Development Fund, Renovation and
Modernization Fund and Decommissioning levy with interest thereon has not been
considered as income of the Company. These funds are held by Subject on behalf
of the DAE and the Decommissioning levy is collected from beneficiaries based
on a statutory notification issued by the DAE. The Income Tax Tribunal has
decided that the interest earned on these funds be treated as income of the
Company. While an appeal has been filed in the Honorable High Court of
Maharashtra, Mumbai, the Company has appropriated Rs.270.000 Millions from
these funds towards the income tax, if finally, payable on these levies.
The Company has
been able to regulate its operational efficiency and has been able to achieve a
net profit of Rs.13760.000 Millions after tax.
The accumulated
net deferred tax liability as on March 31, 2011 was Rs.18930.000 Millions on
account of timing differences between book and tax profits. Since Income tax
payable on income from generation of power is recoverable from the
beneficiaries, the amount of deferred tax, so recognized, is recoverable on
becoming a part of the current tax. Therefore, such deferred tax is considered
as recoverable and netted from such deferred tax liability / expense.
OPERATING
PERFORMANCE OF THE STATIONS
The performance of
all operating stations was satisfactory during the year 2010-11 and these
generated 26472 MUs of electricity (exclusive of infirm generation of 1 MU from
KAIGA-4) recording the highest nuclear power generation since the incorporation
of the Company. The overall Capacity Factor (i.e. Plant Load Factor) was 71%
and the weighted average Availability Factor was 89%. In addition, Kudankulam
Wind Farm generation during the year was 23 MUs.
MAJOR HIGHLIGHTS
·
KAIGA-4 attained first criticality on 27th November
2010 was synchronized to the grid on 19th January 2011. The Unit commenced
commercial operation from 20th January 2011.
·
For the first time, NPCIL total operating power on
a day crossed 4282 MW.
·
Generation of over 100 MUs of electricity in a
single day on 20th February 2011.
·
After successful completion of Renovation and
Modernization activities viz. EMCCR, EMFR together with upgrades, NAPS-2 and
KAPS-1 were synchronized to the grid on 6th September 2010 and 12th January
2011 respectively. These activities were carried out with indigenously
developed technology. India is one of the few countries in the world having
expertise in Life Management of PHWRs.
·
During the financial year, more than 90%
Availability Factor was recorded by TAPS-2, TAPS-3, RAPS-2, RAPS-4, MAPS-1,
NAPS-1, KAPS-1, KGS-1 and KGS-3.
·
The uninterrupted continuous runs were as follows:
|
Reactor |
No of days |
From |
To |
|
TAPS-2 |
590 |
22.7.2009 |
3.3.2011 |
|
MAPS-2 |
432 |
25.1.2009 |
3.4.2010 |
|
KAPS-2 |
406 |
04.7.2009 |
14.8.2010 |
|
RAPS-3 |
404 |
26.6.2009 |
5.8.2010 |
|
MAPS-1 |
346 |
17.12.2009 |
28.12.2010 |
·
Calandria vault water leakage at KAPS-1 reactor was
successfully repaired using innovatively designed remote welding technique.
·
KAPS-1 and 2 were placed under IAEA Safeguards and
operated at full power.
COMPLETED PROJECTS
KAIGA ATOMIC POWER
PROJECT-4 (220 MW PHWR)
KAIGA-4 attained
first criticality on 27th November 2010 after the fuel was made available
during the year 2010-11. The unit was synchronized to the grid on 19th
January 2011 and commenced commercial operation on 20th January 2011
ONGOING PROJECTS
KUDANKULAM NUCLEAR
POWER PROJECT-1 AND 2 (2X1000 MW VVERS)
The 2 x 1000 MW
Kudankulam Project, located in Tirunelveli district of Tamilnadu, is being
implemented with Technical Co-operation from Russian Federation within the
framework of the Inter-Governmental Agreement between India and the Russian
Federation. All the equipment and the construction drawings are being supplied
by the Russian Federation while civil construction, erection of equipments and
commissioning of the systems are being executed by Subject. The construction of
the project commenced on 31st March 2002 with the first pour of concrete.
The project has
recorded a cumulative progress of 96% as of March 2011 (Unit-1: 98% and Unit-2:
93%) with cumulative expenditure Rs.137810.000 Millions. The break-up of
progress achieved is: Design and Engineering 99% and Procurement and Supplies
99%. The Construction and Erection activities for Unit-1 are complete and in
respect of Unit-2, all the civil construction work is complete and erection
works are in advanced stage of completion.
For Unit-1 of the
project, significant milestones on the commissioning front were achieved during
the year. These are completion of ‘Hydro Test (Strength Test) of Primary
Circuit at 24.5 MPa of the Nuclear Steam Supply System and Secondary Circuit at
10.8 MPa” and “Strength and Leak Rate Test of Reactor Building Containment”.
The preliminary works for carrying out the ‘hot run’ test at designed
parameters are completed.
Erection works for
Unit-2 are closely following those of Unit-1. All the civil construction works
have been completed and erection works are in advanced stage of completion.
Trial assembly of the reactor pressure vessel and the reactor internals has
been completed. The main fuel pool was fill-tested with de-mineralized water
for carrying out the liner integrity checks. Turbine and generator erection has
been completed and turbines are boxed up. Cabling works for loads in various
buildings is in progress.
NEW PROJECTS UNDER
CONSTRUCTION
KAKRAPAR ATOMIC
POWER PROJECT-3 AND 4 (KAPP-3 AND 4)
The construction
of KAPP-3 and 4 took off by laying the First Pour of Concrete on 22nd
November 2010 after receiving regulatory clearances. KAPP-3 and 4 is the first
twin reactor of 700 MW series being launched by Subject.
Since first pour
of concrete, various project activities are being executed expeditously. Works
are being executed simultaneously for all main plant buildings. The
infrastructure facilities both at Plant Site and Colony are being established
in line with the project requirement.
KAPP-3 and 4 are
slated for completion in the year 2016.
RAJASTHAN ATOMIC
POWER PROJECT-7 AND 8
The excavation
work for two indigenously designed 700 MW PHWRs at RAPP-7 and 8 has commenced
on 19th August 2010 after receiving regulatory clearances from the Atomic
Energy Rregulatory Board. Earlier, the contract for Main Plant Civil Works was
awarded.
The excavation of
Reactor Buildings has been completed and the regulatory clearance for First
Pour of Concrete for the unit has been received on 16th July 2011. The FPC was
achieved on 18 th July 2011.
The orders for all
major long delivery items have been placed. The project is slated for
completion in the year 2016.
KUDANKULAM NUCLEAR
POWER PROJECT-3 AND 4 (KKNPP-3 AND 4)
The Kudankulam
Project Unit-3 and 4 is an expansion of Unit-1 and 2, located in Tirunelveli
district of Tamilnadu, being implemented with cooperation from Russian
Federation (RF) within the framework of the Inter-Governmental Agreement signed
between RF and India in December 2008.
The Ministry of
Environment and Forests (MoEF) has conveyed environmental clearance. The
process for Coastal Regulation Zone clearance from MoEF is in progress. Siting
consent has been obtained from AERB. The application for Excavation consent has
been made to AERB.
Techno-commercial
discussions in respect of 2 x 1000 MW VVERs at KKNPP-3 and 4 with
Atomstroyexport, Russian Federation are in the advanced stages of finalization.
A contract for the
first priority design works for initial design activities has been signed with
Atomstroyexport and the work is in progress. The various pre-project activities
were also completed.
JAITAPUR NUCLEAR
POWER PROJECT (JNPP)
The land measuring
938 Ha was acquired and handed over to Subject by the District Administration,
Ratnagiri, Maharashtra. Agreement for Rehabilitation of Project Affected
Families of JNPP has been signed between Subject and Government of Maharashtra.
The Ministry of
Environment and Forests, Government of India, has conveyed environment as well
as CRZ clearance for 6 x 1650 units for JNPP.
The General
Framework Agreement and Early Work Agreement have been signed between NPCIL and
AREVA, France for implementation of EPR at Jaitapur Site.
Techno-commercial
discussions with AREVA in respect of 2 x 1650 MW EPR units at Jaitapur Site are
in advanced stage of conclusion.
Pre-project
activities viz. Geo-technical investigations, Construction of
property-cumboundary wall of Plant Site and Master plan for residential complex
are in progress.
NEW INITIATIVES
AND BUSINESS DEVELOPMENT
Subject is taking
various new business initiatives for public-public as well as public private
partnership to strengthen the Indian Nuclear Power Capability and expanding
power generation capacity.
NPCIL WITH L AND T
LIMITEd
NPCIL and Larsen
and Toubro (L and T Limited) set up a Joint Venture Company in the FY 2009-10
under the name ‘L and T Special Steel and Heavy Forgings Private Limited’
(LTSHF) as a subsidiary of L and T Limited with NPCIL having 26% shareholding.
This
Public-Private Partnership will produce special steels and ultra heavy forgings
including those required for Nuclear Power Plants. The construction work at
site is in full swing at Hazira, District Gujarat. It is expected that trial
production of forgings would commence in October 2011.
JV WITH NTPC LIMITED
Subject and NTPC
Limited have incorporated a Joint Venture Company under the name of ‘Anushakti
Vidyut Nigam Limited’ on 27th January 2011 to set up Nuclear Power Projects in
the country. The JV Company is a subsidiary of Subject with 51% of share
capital held by Subject.
JV WITH IOC LIMITED
A Joint Venture
Agreement was signed in January 2011 between subject and Indian Oil Corporation
Limited (IOCL), a Government of India Enterprise, to form a joint venture
company to set up Nuclear Power Projects in the country. The JVC under the name
‘NPCIL - Indian Oil Nuclear Energy Corporation Limited’ was incorporated on 6th
April 2011 as a subsidiary of NPCIL.
JV WITH THDCIL
Subject and Tehri
Hydro Development Corporation of India Limtied (THDCIL), have signed an
agreement for preparation of Detailed Project Report (DPR) of the Pumped
Storage Scheme (PSS) having installed capacity of 700 MW at Malshej Ghat, near
Mumbai. The survey and investigations have been completed and the DPR is
submitted to the Government of Maharashtra. The JV partners are expecting
formal award of the project by the Government of Maharashtra.
MANAGEMENT
DISCUSSION AND ANALYSIS
ECONOMIC
ENVIRONMENT
The Indian economy
has emerged with remarkable rapidity from the slowdown caused by the global
financial crisis of 2007-09. GDP grew by 8.6% in FY 2010-11 from 6.8% in FY
2008-09 and 8.0% in FY 2009-10. Growth is strong in 2010-11 with a rebound in
agriculture and continued momentum in manufacturing sector.
INDUSTRY OVERVIEW
India is the
world’s 5th largest energy consumer in the world and is expected to become the
3rd largest energy consumer by 2020 (after USA and China).
INDIA’S POWER
SECTOR
The Eleventh Five
Year Plan (2007-12) originally envisaged a capacity addition of 78700 MW. The
revised Mid Term Appraisal (MTA) target for total capacity addition is now 62,374
MW, which is lower than the original target but is nevertheless about three
times the capacity actually added in the Tenth Plan.
NUCLEAR SCENARIO
POST FUKUSHIMA INCIDENT
An earthquake of
magnitude 9.00 Richter scale hit north-east Japan on March 11, 2011 followed by
tsunami of 14 to 15 meter high waves at Fukushima Reactor site beyond the
design basis.
This earthquake
affected nuclear power plants at four sites (Onagawa 1, 2 and 3; Fukushima
Dai-ichi 1, 2, 3, 4, 5 and 6; Fukushima Dai-ini 1, 2, 3 and 4; and Tokai 2).
All the operating units at the time of earthquake were automatically shut down.
However, at Fukushima Dai-ichi, the offsite power loss during earthquake was
followed with loss of onsite power as the diesel generators for units - 1, 2, 3
and 4 were inundated by tsunami which followed. The decay heat could not be
removed leading to extensive damage to the reactors and uncontrolled release of
radioactivity followed.
One must
appreciate that with the timely execution of emergency plan, no significant
health effects are expected to the workers and public.
Subject has been
closely monitoring the evolution of the event at Fukushima and getting
information from International Agencies like International Atomic Energy Agency
(IAEA), World Association of Nuclear Operators (WANO), Japan Atomic Industrial
Forum (JAIF) and Subject representative posted at WANO Tokyo Centre.
The safety review
of Indian NPPs post Fukushima incident -
i)
Considering the severity of the incident, proactive
action of constituting four task forces – one each for different generations of
designs of reactors – was taken. Indian Nuclear Power Plants consist of two
Boiling Water Reactors and eighteen Pressurized Heavy Water Reactors, with
three types of designs. Additional task forces reviewed the plants under
construction, namely VVERs at Kudankulam and 700 MW PHWRs at KAPP-3&4 and
RAPP-7 and 8.
The review and re-evaluation by the task forces as mentioned above
re-affirm adequate provisions to handle station blackout situation and
maintaining continuous cooling of reactor core for decay heat removal in the
event of extreme external natural events. Notwithstanding the above, Subject
has decided to reinforce the existing systems.
ii)
Atomic Energy Regulatory Board has also constituted
a high level specialist committee for safety review of existing plants and its
recommendations would be implemented by Subject.
iii)
Ministry of Environment and Forests, Government of
India, has constituted a committee to assess impact of tsunami and how it can
be mitigated.
GLOBAL NUCLEAR
POWER SCENARIO
Commercial nuclear
power generation in the world is a mature, established technology, having
accumulated over forty years of successful operation. There are 440 nuclear
power reactors in the world with an installed capacity of about 375 GW having
14436 reactor-years of cumulative experience. Nuclear power accounts for around
14% of
world’s
electricity generation.
Post Fukushima
incident, the initial apprehensions about nuclear power have subsided and world
over there is a clear reconfirmation of the inherent safety of nuclear power.
With initial exaggerated concerns having given way to a sober return of
confidence based on facts rather than misconceptions, the world community has
reposed its faith in nuclear power, as several countries are in the forefront
to implement their own nuclear power programmes.
ENVIRONMENTAL
IMPACTS OF NUCLEAR POWER
While SPM, CO2,
SOx and NOx, emissions and waste disposal are dominant in the context of
generating energy from fossil fuels, safety of environment against radiation is
a specific concern unique to nuclear power. Environmental risks that are taken
care of at various stages of the nuclear fuel cycle are – mining (accidents,
release of radon gas and radioactive dust from Uranium mines and mills),
radioactive seepage from waste and land degradation, processing (accidents),
transport (accidents, risk of proliferation), and electricity generation (risk
of catastrophic accidents, low and high level radioactive wastes).
Additionally,
decommissioning of nuclear plants entails the disposal of radioactive wastes.
Significant technological development has been made in the area of radioactive
waste disposal and decommissioning. There is time in India for commercial
deployment of these back-end activities. They are yet to be proven at large
enough scale to satisfactorily resolve economic issues. The global data
suggests that of all the conventional energy options, nuclear energy has posed
the least risks in terms of mortality per billion megawatt hours of generation.
COMPANY OVERVIEW
ROLE OF NPCIL
With the formation
of Nuclear Power Corporation of India Limited in 1987 as a Central Public
Sector Enterprise under the aegis of Department of Atomic Energy in India, the
nuclear power generation moved to the commercial domain.
Subject has
attained maturity in the first stage of nuclear power programme. Today, Subject
is unique in having comprehensive capacity in the various facets of nuclear
technology viz. site selection, design, construction, commissioning, operation
and maintenance and life extension of nuclear power plants.
NUCLEAR POWER
PLANT OPERATIONS
Given the mandate
of expanding the nuclear power base within the country, as per the plans and schemes
of the Government of India, NPCIL owns and operates a fleet of 19 nuclear power
reactors, in addition to operating the Rajasthan Atomic Power Station Unit-1 on
behalf of DAE. A very high availability factor, one of the yardsticks for
measuring operational
efficiency of a nuclear power plant, sets apart the nuclear power reactors of
NPCIL. The overall availability factor of operating stations for the year 2010-
11 was 89%.
The year 2010-11 recorded
the highest nuclear power generation since the inception of the Company. The
generation and capacity factor during the year were 26472 MU and 71%
respectively as against 18803 MU and 61% respectively last year. This is an
increase in generation by 41% over the last year resulting from improved fuel
availability from both indigenous and imported sources.
There are 10
reactors under IAEA Safeguards using imported fuel. They are TAPS- 1 and 2,
RAPS-1 and 2, RAPS-3 and 4, RAPS-5 and 6 and KAPS-1 and 2. The total capacity
under safeguards stands at 1940 MW.
TAPS-2 of the
first pair of commercial nuclear power reactors in the country registered 590
days of continuous run, which is a record in the operation of Indian nuclear
power reactors. Eight reactors viz. KAPS-1 (372 days), RAPS-4 (373 days),
RAPS-3 (404 days), KAPS-2 (406 days), MAPS-2 (432 days), KGS-1 (487 days),
KGS-2 (529 days) and TAPS-2 (590 days) have so far recorded continuous run of
more than a year. Earlier, KAPS-1 became the first Indian nuclear power reactor
operating uninterrupted for more than a year (372 days), fulfilling the long
cherished target of operating a nuclear power plant continuously without any
outage from one mandatory shutdown to another.
MOU PERFORMANCE
The expected MOU
rating for the year 2010-11 is “Very Good”. With the availability of imported
fuel for Reactors under IAEA safeguards and improved fuel supply from
indigenous sources, NPCIL surpassed the generation target in the year 2010-11.
OUTLOOK
Globally, fossil fuels
will remain the dominant source of energy till 2030. As fossil fuel resources
are not renewable, the worldwide energy mix of today will prove to be
unsustainable. Therefore, industry experts are supporting increased adoption of
nuclear and renewable energy as well as increased use of energy efficiency
techniques.
The country’s
nuclear power programme ahead to realize rapid nuclear power capacity addition
provides robust outlook for Subject. With the improved fuel availability from
domestic international sources (for reactors under safeguards in accordance
with the Separation Plan) and the construction of two reactors under advanced
stages of completion, the generation is expected to increase progressively in
future.
Subject plans to
launch by 2012 additional in-house designed 4 x 700 MW PHWRs (Four have already
been launched) and 10 LWRs having capacity of 10000 MW with International
Cooperation. As per the long term plan of the Company, by 2032, LWRs Up to the
capacity of 40000 MW is expected to be launched. To conclude, at present,
Subject is poised for meeting national expectations of rapid nuclear power
capacity addition in the country.
FORM 8
|
Corporate
identity number of the company |
U40104MH1987GOI149458 |
|
Name of the
company |
NUCLEAR POWER
CORPORATION OF INDIA LIMITED |
|
Address of the
registered office or of the principal place of business in |
16th Floor,
Centre -1, Worldtrade Centre, Cuffe Parade, Colaba, Mumbai-400005,
Maharashtra, India |
|
This form is for |
Creation of
charge |
|
Type of charge |
Others |
|
Particular of
charge holder |
State Bank of |
|
Nature of
instrument creating charge |
Letter of
Negative Lien |
|
Date of
instrument Creating the charge |
24.07.2010 |
|
Amount secured by
the charge |
Rs. 10000.000
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of interest As determined by
the Bank under Corporate Loan Agreement Margin As prescribed by
the Bank from time to time under Corporate Loan Agreement Extent and operation of the charge Negative lien Other The Company
created a negative lien on the assets |
|
Short particulars
of the property charged (Including location of the property) |
Assets of
Kudankulam - 1 and 2 |
FIXED ASSETS:
- Land building
- Railway
Sidings
- Plant and
Machinery
- Furniture and
Fixtures
- Office
Equipment
- Vehicles
- Software
WEB SITE DETAILS
NEWS
SECOND AP1000 REACTOR VESSEL INSTALLED
19 January 2012
The reactor pressure vessel for Haiyang unit 1 has been
successfully hoisted into place, China's State Nuclear Power Technology
Corporation (SNPTC) has announced.
The 283 tonne South Korean-made component arrived at the Haiyang site in
Shandong province in November 2011. The precision operation to lift the vessel
into its place inside the reactor containment was successfully completed in
less than three hours on 17 January. Installation of the pressure vessel is a
major milestone in the construction process of the reactor, which is scheduled
to enter service in 2014.
Haiyang 1 is the second Westinghouse-designed AP1000 reactor under
construction in China, following Sanmen 1. SNPTC has a major role in the
transfer of knowledge and technology from the plant supplier, Westinghouse.
Second AP1000 units are under construction at each site, with third and fourth
units planned.
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. 49.96 |
|
|
1 |
Rs.77.74 |
|
Euro |
1 |
Rs. 65.08 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
8 |
|
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 |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--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.