|
Report Date : |
07.11.2012 |
|
|
|
Country |
|
|
Company Name |
DELHI TRANSCO
LIMITED |
Principal Name 1 |
Mr. Ram Krishna Narayan |
|
Status |
Good |
Principal Name 2 |
Mr. Rajendra Kumar |
|
|
|
Registration # |
55-111529 |
|
Street Address |
Shakti Sadan,
Kotla Marg, New Delhi-110002, |
||
|
Established Date |
04.07.2001 |
SIC Code |
-- |
|
Telephone# |
91-11-23235380 |
Business Style 1 |
Transmission of Powers. |
|
Fax # |
91-11-23238064 |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
-- |
|
|
# of employees |
Not Available |
Product Name 2 |
-- |
|
Paid up capital |
Rs.39,510,000,000/- |
Product Name 3 |
-- |
|
Shareholders |
Government (Central and State) – 93.42% Government Companies – 6.58% |
Banking |
State Bank of |
|
Public Limited Corp. |
NO |
Business Period |
11 Years |
|
IPO |
NO |
International Ins. |
- |
|
Public |
NO |
Rating |
Ba
(53) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Holding Company |
|
Delhi Power Company Limited |
-- |
|
Note |
- |
||
|
Balance Sheet as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
5,510,904,000 |
Current Liabilities |
5,479,001,000 |
|
Inventories |
168,978,000 |
Long-term Liabilities |
13,262,835,000 |
|
Fixed Assets |
12,331,439,000 |
Other Liabilities |
1,135,560,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
19,877,396,000 |
|
Invest& other Assets |
7,898,291,000 |
Retained Earnings |
454,121,000 |
|
|
|
Net Worth |
6,032,216,000 |
|
Total Assets |
25,909,612,000 |
Total Liab. & Equity |
25,909,612,000 |
|
Total Assets (Previous Year) |
18,377,657,000 |
|
|
|
P/L Statement as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Sales |
4,541,532,000 |
Net Profit |
1,341,719,000 |
|
Sales(Previous yr) |
3,361,319,000 |
Net Profit(Prev.yr) |
772,734,000 |
IDENTIFICATION DETAILS
|
Name : |
DELHI TRANSCO LIMITED (w.e.f. 30.09.2002) |
|
|
|
|
Formerly Known As : |
DELHI POWER SUPPLY COMPANY LIMITED |
|
|
|
|
Registered Office : |
Shakti Sadan, Kotla Marg, New Delhi-110002 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.03.2011 |
|
|
|
|
Date of Incorporation : |
04.07.2001 |
|
|
|
|
Com. Reg. No.: |
55-111529 |
|
|
|
|
Capital Investment / Paid-up Capital : |
Rs.39510.000 millions |
|
|
|
|
CIN No.: [Company
Identification No.] |
U40103DL2001SGC111529 |
|
|
|
|
TAN No.: [Tax
Deduction & Collection Account No.] |
DELD05482B |
|
|
|
|
Legal Form : |
A Public Limited Company, owned by Delhi State Government. |
|
|
|
|
Line of Business : |
Transmission of Powers. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (53) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 24000000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a wholly owned by the government of National Capital
Territory of Delhi (GNCTD). It is a well established company having good track. It has achieved
some growth in its income from operation during 2011. The profitability also
appears to be good. Trade relations are reported as trustworthy. Business is active.
Payments are reported to be regular and as per commitment. The company can be considered good 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) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
India is developing into an open-market economy, yet traces
of its past autarkic policies remain. Economic liberalization, including
industrial deregulation, privatization of state-owned enterprises, and reduced
controls on foreign trade and investment, began in the early 1990s and has
served to accelerate the country's growth, which has averaged more than 7% per
year since 1997. India's diverse economy encompasses traditional village
farming, modern agriculture, handicrafts, a wide range of modern industries,
and a multitude of services. Slightly more than half of the work force is in
agriculture, but services are the major source of economic growth, accounting
for more than half of India's output, with only one-third of its labor force.
India has capitalized on its large educated English-speaking population to
become a major exporter of information technology services and software
workers. In 2010, the Indian economy rebounded robustly from the global
financial crisis - in large part because of strong domestic demand - and growth
exceeded 8% year-on-year in real terms. However, India's economic growth in
2011 slowed because of persistently high inflation and interest rates and
little progress on economic reforms. High international crude prices have
exacerbated the government's fuel subsidy expenditures contributing to a higher
fiscal deficit, and a worsening current account deficit. Little economic reform
took place in 2011 largely due to corruption scandals that have slowed legislative
work. India's medium-term growth outlook is positive due to a young population
and corresponding low dependency ratio, healthy savings and investment rates,
and increasing integration into the global economy. India has many long-term
challenges that it has not yet fully addressed, including widespread poverty,
inadequate physical and social infrastructure, limited non-agricultural
employment opportunities, scarce access to quality basic and higher education,
and accommodating rural-to-urban migration.
|
Source
: CIA |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
BOND : CRISIL A+ |
|
Rating Explanation |
Adequate degree of safety and low credit risk. |
|
Date |
13.08.2012 |
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 / Head office : |
Shakti Sadan, Kotla Marg, New Delhi-110002, |
|
Tel. No.: |
91-11-23235380 |
|
Fax No.: |
91-11-23238064 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
I.T. Department : |
220 KV Substation, |
|
Email : |
DIRECTORS
As on 30.12.2011
|
Name : |
Mr. Ram Krishna Narayan |
|
Designation : |
Director |
|
Address : |
A - 1/ 08 Silver Estate, F - 29 Sector – 50, Noida - 201305 Uttar Pradesh, India |
|
Date of Birth/Age : |
29.07.1937 |
|
Date of Appointment : |
09.08.2002 |
|
DIN No.: |
00008383 |
Other Directorship
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U40103DL2001SGC111529 |
DELHI
TRANSCO LIMITED |
Director |
09/08/2002 |
09/08/2002 |
- |
Active |
NO |
|
2 |
U40100GJ1991PLC064824 |
ESSAR
POWER LIMITED |
Director |
31/03/2003 |
31/03/2003 |
28/10/2012 |
Active |
NO |
|
3 |
U31101GJ1995PLC065146 |
BHANDER
POWER LIMITED |
Director |
30/06/2004 |
30/06/2004 |
28/10/2012 |
Active |
NO |
|
4 |
U40100DL2005PLC201961 |
ESSAR
POWER M P LIMITED |
Director |
29/09/2007 |
08/09/2006 |
28/10/2012 |
Active |
NO |
|
5 |
U40101DL2006PLC154627 |
JAYPEE
POWERGRID LIMITED |
Director |
02/03/2007 |
02/03/2007 |
- |
Active |
NO |
|
6 |
U74200DL2007PTC166940 |
ACCURATE
POWER UTILITY PRIVATE LIMITED |
Director |
13/08/2007 |
13/08/2007 |
- |
Active |
NO |
|
7 |
U31200DL1995PLC169397 |
SKIPPER
ELECTRICALS (INDIA) LIMITED |
Director |
29/09/2008 |
21/12/2007 |
- |
Active |
NO |
|
8 |
U65100DL2008PTC175845 |
POWER
EQUITY CAPITAL ADVISORS PRIVATE LIMITED |
Director |
25/03/2008 |
25/03/2008 |
11/10/2011 |
Active |
NO |
|
9 |
U40102OR2008PLC010501 |
MAADURGA
THERMAL POWER COMPANY LIMITED |
Director |
26/10/2009 |
30/09/2009 |
28/08/2010 |
Active |
NO |
|
10 |
U93000DL2010NPL197674 |
FORUM
FOR ADVANCEMENT OF SOLAR THERMAL |
Director |
06/01/2010 |
06/01/2010 |
- |
Active |
NO |
|
11 |
U13100WB2010PTC140900 |
GREEN
VALLEY ENERGY VENTURES PRIVATE LIMITED |
Director |
18/01/2011 |
18/01/2011 |
- |
Active |
NO |
|
12 |
U99999DL2005PLC208864 |
ESSAR
POWER TRANSMISSION COMPANY LIMITED |
Director |
03/07/2012 |
19/03/2012 |
28/10/2012 |
Active |
NO |
|
Name : |
Mr. Rajendra Kumar |
|
Designation : |
Nominee director |
|
Address : |
C-52A, Friends Colony (East), New Delhi – 110065, India |
|
Date of Birth/Age : |
16.12.1966 |
|
Date of Appointment : |
18.05.2011 |
|
DIN No.: |
01446239 |
Other Directorship
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U10200DL1985SGC021040 |
DELHI
STATE MINERAL DEVELOPMENT CORPORATION LIMITED |
Director |
26/02/2007 |
26/02/2007 |
- |
Active |
|
|
2 |
U74899DL1971SGC005536 |
DELHI
STATE INDUSTRIAL AND INFRASTRUTURE DEVELOPMENT CORPORATION LIMITED |
Director |
14/06/2011 |
26/02/2007 |
- |
Active |
NO |
|
3 |
U37100DL2006PLC146456 |
INDRAPRASTHA
ENERGY AND WASTE MANAGEMENT COMPANY LIMITED |
Nominee
director |
30/09/2008 |
01/12/2007 |
29/09/2010 |
Active |
NO |
|
4 |
U40103DL2001SGC111529 |
DELHI
TRANSCO LIMITED |
Nominee
director |
18/05/2011 |
04/12/2007 |
- |
Active |
NO |
|
5 |
U40103DL2001SGC111530 |
INDRAPRASTHA
POWER GENERATION COMPANY LIMITED |
Nominee
director |
31/01/2012 |
04/12/2007 |
- |
Active |
NO |
|
6 |
U74899DL2001SGC109135 |
PRAGATI
POWER CORPORATION LIMITED |
Nominee
director |
31/01/2012 |
04/12/2007 |
- |
Active |
NO |
|
7 |
U40103DL2001SGC111528 |
DELHI
POWER COMPANY LIMITED |
Nominee
director |
18/05/2011 |
04/12/2007 |
- |
Active |
NO |
|
8 |
U40109DL2001PLC111526 |
TATA
POWER DELHI DISTRIBUTION LIMITED |
Director |
18/07/2008 |
24/01/2008 |
23/07/2010 |
Active |
NO |
|
9 |
U74899DL2001PLC111525 |
BSES
YAMUNA POWER LIMITED |
Nominee
director |
28/08/2008 |
24/01/2008 |
24/06/2010 |
Active |
NO |
|
10 |
U74899DL2001PLC111527 |
BSES
RAJDHANI POWER LIMITED |
Nominee
director |
28/08/2008 |
24/01/2008 |
24/06/2010 |
Active |
NO |
|
11 |
L24232DL1988PLC030958 |
INDRAPRASTHA
MEDICAL CORPORATION LIMITED |
Director |
10/09/2010 |
28/07/2010 |
02/05/2011 |
Active |
NO |
|
12 |
U85191DL2008SGC178367 |
GEOSPATIAL
DELHI LIMITED |
Nominee
director |
14/06/2011 |
14/06/2011 |
- |
Active |
NO |
|
Name : |
Mr. Deepak Mohan Spolia |
|
Designation : |
Nominee director |
|
Address : |
5/A, Court Road, Civil Lines, Delhi – 110054, India |
|
Date of Birth/Age : |
03.01.1955 |
|
Date of Appointment : |
21.05.2012 |
|
DIN No.: |
01804004 |
Other Directorship
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U74899DL1995GOI068150 |
DELHI
METRO RAIL CORPORATION LIMITED |
Nominee
director |
30/06/2011 |
13/08/2007 |
- |
Active |
NO |
|
2 |
L23201DL1998PLC097614 |
INDRAPRASTHA
GAS LIMITED |
Additional
director |
20/09/2007 |
20/09/2007 |
26/03/2008 |
Active |
NO |
|
3 |
U60232DL2006PLC148406 |
DELHI
INTEGRATED MULTI MODAL TRANSIT SYSTEM LIMITED. |
Nominee
director |
23/06/2011 |
25/09/2007 |
- |
Active |
NO |
|
4 |
U74899DL2001PLC111527 |
BSES
RAJDHANI POWER LIMITED |
Nominee
director |
10/11/2008 |
10/11/2008 |
- |
Active |
NO |
|
5 |
U92322DL2008NPL177534 |
SHAHJAHANABAD
REDEVELOPMENT CORPORATION |
Director |
08/04/2011 |
18/02/2009 |
- |
Active |
NO |
|
6 |
U85191DL2008SGC178367 |
GEOSPATIAL
DELHI LIMITED |
Nominee
director |
13/04/2011 |
13/08/2009 |
- |
Active |
NO |
|
7 |
U74899DL1980PLC011040 |
DELHI
STATE CIVIL SUPPLIES CORPN LIMITED |
Director |
09/11/2009 |
09/11/2009 |
13/04/2011 |
Active |
NO |
|
8 |
U74899DL2001PLC111525 |
BSES
YAMUNA POWER LIMITED |
Nominee
director |
08/02/2010 |
08/02/2010 |
- |
Active |
NO |
|
9 |
U74899DL1971SGC005536 |
DELHI
STATE INDUSTRIAL AND INFRASTRUTURE DEVELOPMENT CORPORATION LIMITED |
Director |
13/04/2011 |
13/04/2011 |
- |
Active |
NO |
|
10 |
U74899DL1975PLC008007 |
DELHI
TOURISM AND TRANSPORTATION DEVELOPMENT CORPORATION LIMITED |
Director |
28/04/2011 |
28/04/2011 |
- |
Active |
NO |
|
11 |
L24232DL1988PLC030958 |
INDRAPRASTHA
MEDICAL CORPORATION LIMITED |
Director |
14/09/2011 |
12/05/2011 |
- |
Active |
NO |
|
12 |
U40103DL2001SGC111528 |
DELHI
POWER COMPANY LIMITED |
Director |
21/05/2012 |
18/05/2011 |
- |
Active |
NO |
|
13 |
U40103DL2001SGC111529 |
DELHI
TRANSCO LIMITED |
Director |
21/05/2012 |
18/05/2011 |
- |
Active |
NO |
|
14 |
U40109DL2001PLC111526 |
TATA
POWER DELHI DISTRIBUTION LIMITED |
Nominee
director |
05/08/2011 |
01/06/2011 |
- |
Active |
NO |
|
15 |
U74899DL2001SGC109135 |
PRAGATI
POWER CORPORATION LIMITED |
Nominee
director |
02/04/2012 |
02/04/2012 |
21/05/2012 |
Active |
NO |
|
16 |
U40103DL2001SGC111530 |
INDRAPRASTHA
POWER GENERATION COMPANY LIMITED |
Nominee
director |
02/04/2012 |
02/04/2012 |
21/05/2012 |
Active |
NO |
|
Name : |
Arya Bhushan Shukla |
|
Designation : |
Whole-time director |
|
Address : |
A-6, MCD Flats, Soami Nagar, new Delhi – 110017, India |
|
Date of Birth/Age : |
08.07.1954 |
|
Date of Appointment : |
06.05.2011 |
|
DIN No.: |
03597454 |
Other Directorship
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U40103DL2001SGC111529 |
DELHI
TRANSCO LIMITED |
Whole-time
director |
06/05/2011 |
06/05/2011 |
- |
Active |
NO |
|
2 |
U40103DL2001SGC111528 |
DELHI
POWER COMPANY LIMITED |
Whole-time
director |
18/05/2011 |
18/05/2011 |
- |
Active |
NO |
|
Name : |
Mr. Asim Kumar Haldar |
|
Designation : |
Whole-time director |
|
Address : |
D-27, NTPC Township, Sector – 33, Noida – 201301, Uttar Pradesh, India
|
|
Date of Birth/Age : |
13.12.1958 |
|
Date of Appointment : |
01.12.2011 |
|
DIN No.: |
05169735 |
|
Name : |
Mr. Shakti Shivaji Sinha |
|
Designation : |
Managing Director |
|
Address : |
Quarter No – DD/3, Type – V, South Point (Near Aniidco), Port Blair –
744101, Andaman and Nicobar Islands, India |
|
Date of Birth/Age : |
11.05.1957 |
|
Date of Appointment : |
21.05.2012 |
|
DIN No.: |
02876853 |
Other Directorship
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U74140WB1979SGC032047 |
WEBCON
CONSULTING (INDIA) LIMITED |
Director |
17/09/2009 |
17/09/2009 |
21/12/2010 |
Active |
NO |
|
2 |
U74999AN1988SGC000028 |
ANDAMAN
AND NICOBAR ISLANDS INTEGRATED DEVELOPMENT CORPORATION LIMITED. |
Director |
04/11/2010 |
04/11/2010 |
25/05/2012 |
Active |
NO |
|
3 |
U40103DL2001SGC111529 |
DELHI
TRANSCO LIMITED |
Managing
director |
21/05/2012 |
21/05/2012 |
- |
Active |
NO |
|
4 |
U40103DL2001SGC111528 |
DELHI
POWER COMPANY LIMITED |
Managing
director |
21/05/2012 |
21/05/2012 |
- |
Active |
NO |
|
5 |
U40103DL2001SGC111530 |
INDRAPRASTHA
POWER GENERATION COMPANY LIMITED |
Nominee
director |
21/05/2012 |
21/05/2012 |
- |
Active |
NO |
|
6 |
U74899DL2001SGC109135 |
PRAGATI
POWER CORPORATION LIMITED |
Nominee
director |
21/05/2012 |
21/05/2012 |
- |
Active |
NO |
|
7 |
U74899DL2001PLC111525 |
BSES
YAMUNA POWER LIMITED |
Director |
25/09/2012 |
14/06/2012 |
- |
Active |
NO |
|
8 |
U74899DL2001PLC111527 |
BSES
RAJDHANI POWER LIMITED |
Director |
25/09/2012 |
18/06/2012 |
- |
Active |
NO |
|
9 |
U37100DL2006PLC146456 |
INDRAPRASTHA
ENERGY AND WASTE MANAGEMENT COMPANY LIMITED |
Nominee
director |
19/07/2012 |
20/06/2012 |
- |
Active |
NO |
|
10 |
U65910DL1983SGC015095 |
DELHI
SC/ST/OBC/MINORITIES AND HANDICAPPED FINANCIAL AND DEVELOPMENT CORPORATION
LIMITED |
Director |
21/06/2012 |
21/06/2012 |
- |
Active |
|
|
11 |
U74899DL1971SGC005536 |
DELHI
STATE INDUSTRIAL AND INFRASTRUTURE DEVELOPMENT CORPORATION LIMITED |
Managing
director |
22/06/2012 |
22/06/2012 |
- |
Active |
NO |
|
12 |
U40109DL2001PLC111526 |
TATA
POWER DELHI DISTRIBUTION LIMITED |
Nominee
director |
26/07/2012 |
22/06/2012 |
- |
Active |
NO |
|
13 |
U74899DL1987GOI027481 |
INTELLIGENT
COMMUNICATION SYSTEMS INDIA LIMITED |
Director |
28/06/2012 |
28/06/2012 |
- |
Active |
NO |
|
14 |
U40106DL2011SGC219492 |
DSIIDC
ENERGY LIMITED |
Additional
director |
18/07/2012 |
18/07/2012 |
- |
Active |
NO |
|
15 |
U45400DL2011SGC219454 |
DSIIDC
MAINTENANCE SERVICES LIMITED |
Additional
director |
18/07/2012 |
18/07/2012 |
- |
Active |
NO |
|
16 |
U15531DL2011SGC219464 |
DSIIDC
LIQUOR LIMITED |
Additional
director |
18/07/2012 |
18/07/2012 |
- |
Active |
NO |
|
17 |
U74140DL2011SGC219497 |
DSIIDC
EXIM LIMITED |
Additional
director |
18/07/2012 |
18/07/2012 |
- |
Active |
NO |
KEY EXECUTIVES
|
Name : |
Mr. Prafulla Kumar Malik |
|
Designation : |
Secretary |
|
Address : |
70, Jai Lakshmi Apartment, 59 I. P. Extension, Patparganj, Delhi-110092, India |
|
Date of Birth/Age : |
21.01.1963 |
|
Date of Appointment : |
31.12.2002 |
|
PAN No.: |
ACOPM1686Q |
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Name : |
Mr. Nirmaljeet Singh |
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Designation : |
General Manager (Tech) |
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Name : |
Mr. Bhupender Nath |
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Designation : |
General Manager (Tech) |
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Name : |
Mr. Ved Mittra |
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Designation : |
General Manager (Tech) |
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Name : |
Mr. Roop Kumar |
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Designation : |
General Manager (Tech) |
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Name : |
Mr. Prem Prakash |
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Designation : |
General Manager (Tech) |
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Name : |
Mr. H. Vyas |
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Designation : |
General Manager (Tech) |
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Name : |
Mr. R.K.Tola |
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Designation : |
General Manager (Tech) |
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Name : |
Mr. V.K. Garg |
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Designation : |
General Manager (Tech) |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.12.2011
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Names of
Shareholders |
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No. of Shares |
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P.K. Tripathi |
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01 |
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D.M. Spolia |
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01 |
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Rakesh Behari |
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01 |
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Parimal Rai |
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01 |
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Lieutenant Governor of Delhi, India |
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3691000000 |
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Delhi Power Company Limited, India |
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259999991 |
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Nutan Guha Biswas |
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01 |
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Arvind Ray |
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01 |
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Anshu Prakash |
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01 |
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Y.V. V. J. Rajasekhar |
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01 |
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Mr. Dharmendra |
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01 |
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Total |
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3951000000 |
Equity Share Breakup (Percentage of Total Equity)
As on 30.12.2011
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Category |
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Percentage |
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Government (Central and State) |
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93.42 |
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Government Companies |
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6.58 |
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Total |
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100.00 |
BUSINESS DETAILS
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Line of Business : |
Transmission of Powers. |
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Products : |
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GENERAL INFORMATION
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Bankers : |
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Facilities : |
Notes : As an alternative measure, the Company resorted to commercial borrowings from banks and the issue of Non Convertible Bonds in order to finance its capital works. During the F.Y. 2010-11, the Company has borrowed a sum of Rs. 6205.000 Millions through loans from Banks. |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
P. Jain and Company Chartered Accountants |
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Address : |
6, Navyug Market, Ghaziabad – 201001, Uttar Pradesh, India |
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PAN : |
AABFP6159J |
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Holding Company: |
Delhi Power Company Limited U40103DL2001PLC111528 |
CAPITAL STRUCTURE
As on 31.03.2011
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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4500000000 |
Equity Shares |
Rs. 10/- each |
Rs. 45000.000 Millions |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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3951000000 |
Equity Shares |
Rs. 10/- each |
Rs.39510.000 Millions |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
39510.000 |
36320.000 |
36320.000 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
454.121 |
235.717 |
107.189 |
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4] (Accumulated Losses) |
(33931.905) |
(35055.221) |
(35572.327) |
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NETWORTH |
6032.216 |
1500.496 |
854.862 |
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LOAN FUNDS |
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1] Secured Loans |
12796.711 |
6617.801 |
1768.309 |
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2] Unsecured Loans |
466.124 |
4143.780 |
4506.540 |
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TOTAL BORROWING |
13262.835 |
10761.581 |
6274.849 |
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DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
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TOTAL |
19295.051 |
12262.077 |
7129.711 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
12331.439 |
7508.227 |
7220.403 |
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Capital work-in-progress |
7841.890 |
4942.592 |
901.540 |
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INVESTMENT |
56.401 |
67.136 |
116.963 |
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DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
168.978
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115.120
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118.170
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Sundry Debtors |
3787.984
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2987.396
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2160.182
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Cash & Bank Balances |
633.965
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1695.011
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1020.035
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Other Current Assets |
13.719
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23.874
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45.629
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Loans & Advances |
1075.236
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1038.301
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266.976
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Total
Current Assets |
5679.882
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5859.702
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3610.992
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Sundry Creditors |
912.401
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581.380
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130.693
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Other Current Liabilities |
4566.600
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3817.039
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3303.428
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Provisions |
1135.560
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1717.161
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1286.066
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Total
Current Liabilities |
6614.561
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6115.580
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4720.187
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Net Current Assets |
(934.679)
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(255.878)
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(1109.195)
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MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
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TOTAL |
19295.051 |
12262.077 |
7129.711 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
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SALES |
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Income from operation |
4541.532 |
3361.319 |
3260.563 |
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Other Income |
79.628 |
430.736 |
655.090 |
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Rebate Received on Power Purchase (Revised Tariff) |
0.000 |
1.713 |
5.010 |
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TOTAL |
4621.160 |
3793.768 |
3920.663 |
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Less |
EXPENSES |
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Expenditure on revised tariff |
677.336 |
467.735 |
1357.861 |
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Stores consumed |
79.877 |
35.519 |
24.712 |
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Administration and other expenses |
867.867 |
1126.574 |
791.374 |
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TOTAL |
1625.080 |
1629.828 |
2173.947 |
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Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
2996.080 |
2163.940 |
1746.716 |
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Less |
INTEREST AND
FINANCIAL EXPENSES |
587.060 |
523.881 |
500.871 |
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PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
2409.020 |
1640.059 |
1245.845 |
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Less/ Add |
DEPRECIATION/
AMORTISATION |
692.671 |
518.840 |
530.259 |
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PROFIT BEFORE PRIOR
PERIOD ADJUSTMENT AND EXTRA ORDINARY ITEMS |
1716.349 |
1121.219 |
715.586 |
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(Less) / Add |
PRIOR PERIOD
ADJUSTMENT |
(40.656) |
(190.270) |
7.268 |
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PROFIT BEFORE
TAX |
1675.693 |
930.949 |
722.854 |
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Less |
TAX |
333.974 |
158.215 |
87.921 |
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PROFIT AFTER TAX |
1341.719 |
772.734 |
634.933 |
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Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
(35055.221) |
(35572.327) |
(36073.056) |
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Less |
APPROPRIATIONS |
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Insurance Reserve |
(18.403) |
(12.917) |
(12.100) |
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Redemption Reserve |
(200.000) |
(200.000) |
0.000 |
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Contingency Reserve Back |
-- |
55.593 |
0.000 |
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General Reserve |
-- |
28.796 |
(15.873) |
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Proposed Dividend |
-- |
(109.000) |
(90.800) |
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Dividend Distribution Tax |
-- |
(18.100) |
(15.431) |
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BALANCE CARRIED
TO THE B/S |
(33931.905) |
(35055.221) |
(35572.327) |
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Earnings Per
Share (Rs.) - Basic - Diluted |
0.34 0.35 |
0.21 0.20 |
0.17 0.17 |
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KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
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PAT / Total Income |
(%) |
29.03
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20.37
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16.19
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Net Profit Margin (PBT/Sales) |
(%) |
36.90
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27.70
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22.17
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Return on Total Assets (PBT/Total Assets} |
(%) |
9.30
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5.60
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7.31
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Return on Investment (ROI) (PBT/Networth) |
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0.28
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0.62
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0.85
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Debt Equity Ratio (Total Liability/Networth) |
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3.30
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11.25
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12.86
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Current Ratio (Current Asset/Current Liability) |
|
0.86
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0.96
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0.77
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LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
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1] |
Year of Establishment |
Yes |
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2] |
Locality of the firm |
Yes |
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3] |
Constitutions of the firm |
Yes |
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4] |
Premises details |
No |
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5] |
Type of Business |
Yes |
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6] |
Line of Business |
Yes |
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7] |
Promoter's background |
Yes |
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8] |
No. of employees |
No |
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9] |
Name of person contacted |
No |
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10] |
Designation of contact
person |
No |
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11] |
Turnover of firm for last
three years |
Yes |
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12] |
Profitability for last
three years |
Yes |
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13] |
Reasons for variation
<> 20% |
-- |
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14] |
Estimation for coming
financial year |
No |
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15] |
Capital in the business |
Yes |
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16] |
Details of sister
concerns |
Yes |
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17] |
Major suppliers |
No |
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18] |
Major customers |
No |
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19] |
Payments terms |
No |
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20] |
Export / Import details
(if applicable) |
No |
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21] |
Market information |
-- |
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22] |
Litigations that the firm
/ promoter involved in |
-- |
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23] |
Banking Details |
Yes |
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24] |
Banking facility details |
Yes |
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25] |
Conduct of the banking
account |
-- |
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26] |
Buyer visit details |
-- |
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27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
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29] |
Last accounts filed at
ROC |
Yes |
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30] |
Major Shareholders, if
available |
Yes |
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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 |
NOTE
Register red office of the company has been sifted from Shakti Bhavan,
FINANCIAL
RESULTS
OPERATING PROFITS
During the year 2010-11, the company has earned profit before tax of Rs. 1675.600 Millions and the profit after tax is Rs. 1341.700 Millions. The profit after taxes has risen by 73.63% in the financial year 2010-11 in comparison to the financial year 2009-10. During the year 201011, the company has incurred a net liability towards revised power purchase cost amounting to Rs. 677.300 Millions.
As per the order passed by Appellate Tribunal for Electricity in the month of January 2009 on the appeal filed by DTL, the company is also entitled to claim, a sum of Rs.6376.600 Millions relating to the past DVB arrears which were treated by the Hon'ble commission (DERC) as income of the company though not actually received by it. The company has filed a petition before DERC for claiming the said amounts along with carrying costs, which works out to Rs.10464.500 Millions. The income against the same shall be taken in the accounts of the company on the final disposal of the matter pending before the Hon'ble Supreme Court.
PROGRESS OF MAJOR
WORKS DURING THE YEAR
Establishment of
400/220/66 KV substation at Mundka
In order to evacuate power from Aravali Generating Station at Jhajjar, Haryana, an order for establishment of 400/220/66 KV substation of 2x315 MVA Capacity was placed on EMCO in August, 2008 at a total cost ofRs.1261.800 Millions.. The substation has been commissioned on 29th September, 2010.
Establishment of 220/66
KV GIS substation at Ridge Valley
For augmentation of additional power supply to BSES Rajdhani Power Limited, NDMC, MES and Railways, an order for establishment of 220/66 KV, 2x160MVA GIS substation on turnkey basis was placed on Hyosung in March, 2008 at a total cost of Rs.778.700 Millions and substation has been commissioned on 18th September, 2010.
Establishment of 220/66
KV GIS substation at IGI Airport (DIAL)
In order to meet the load requirement of IGI Airport and DMRC, an order for establishment of 220/66 KV GIS substation with 2x160MVA Transformer was placed on Hyosung on turnkey basis in December, 2008 at a total cost of Rs 980.000 Millions. The substation has been commissioned on 28th September, 2010. Augmentation of Transformation Capacity at Gas
Turbine substation
(Pragati)
For replacing the existing 100 MVA Power Transformers with 160 MVA Power Transformers, an order was placed on CGL and the 160 MVA transformer has been commissioned on 16th September, 2010.
Establishment of
220/33 KV substation at Harish Chandra Mathur Lane
In order to augment, strengthen and increase reliability of supply to the NDMC area, an order for establishment of 220/33 KV GIS substation with 2x100 MVA Transformer on turnkey basis was placed on Areva, on 30.10.2009 at a total cost of Rs. 542.200 Millions. The substation is likely to be commissioned by January, 2012.
Establishment of
220/33 KV substation at Trauma Centre (AIIMS)
For augmentation, strengthening and increasing the reliability of supply to the NDMC area an order for establishment of 220/33 KV GIS substation at Trauma Centre with 2x100 MVA Transformer on turnkey basis was placed on AREVA, on 30.10.2009 at a total cost of Rs. 566.200 Millions. The substation has been commissioned on
27th July, 2011.
Establishment of 220/66
kV substation at Peeragarhi
For evacuation of power from 400 KV substation Mundka, an order has been placed on M/S CGL for execution and commissioning of 220/66 KV substation on turnkey basis. The substation is likely to be commissioned by December, 2012.
Establishment of
220/33 kV substation at Wazirpur
In order to strengthening of Power in North Delhi as well as off loading of 220/33 KV Shalimar Bagh substation and to evacuate the power from 400KV Mundka substation an order for establishment of 220/33 kV GIS substation on turnkey basis was placed on M/s EMCO on 20.5.2010. The substation is likely to be commissioned by June, 2012.
Establishment of
220/66 kV substation at Rohini-II
In order to meet the load requirement of Rohini Phase IV and V and to off load the existing Rohini Sub-Station, an order for the establishment of 220/66 kV AIS substation on turnkey basis was awarded to U.B. Engineering in March, 2010 at a total cost of Rs. 360.000 Millions and the substation is likely to be commissioned by May, 2012.
Composite Scheme of
ETC of 220/33 KV substation at Lodhi Road:
An order for conversion of 220 KV and 33 KV AIS substation to GIS substation was placed on M/s CGL in June-2010 and is likely to be completed by December, 2012.
Establishment of
400/220 KV substation at Bawana Extn.
To evacuate the power from the CCGT Bawana, an order for the establishment of 400KV and 220KV Bays along with 2 Nos. 315 MVA 400/220 KV Power Transformers on turnkey basis was placed on U.B. Engineering Limited in July, 2009 at a total cost of Rs.521.100 Millions. The work has been completed and is ready for commissioning. The synchronization is linked with Pragati III Power plant of IPGCL.
Establishment of
220/33 KV substation at Masjid Moth:
The Sub-Station has been commissioned in May, 2011 with the Cost of Rs 234.600 Millions.
Establishment of
400/220/66 kV substation at Harsh Vihar (East of Loni Road)
In order to evacuate the power from Dadri Generating Station, Stage-II, an order for establishment of 400/220/66 kV GIS substation on turnkey basis was awarded to Hyosung in March, 2010 at a total cost of Rs. 1807.000 Millions and the substation is likely to be commissioned by May, 2012.
PROGRESS OF MAJOR
TRANSMISSION LINE WORKS
Maharani Bagh to
Masjid Moth
An Order for supply, laying, testing and commissioning of 220 KV D/C 1x1000 sq. mm. underground XLPE cable between 400 KV Maharani Bagh to the 220 KV Masjid Moth substation (route length 9.5 Km) was placed on L and T Limited in 10.07.09 at a total cost of Rs.1146.000 Millions and the cable has been commissioned in May, 2011.
LILO of Bamnauli -
Mehruali at DIAL
Contract for overhead-cum-underground XLPE cable link for Loop in - Loop out of 220 KV D/C overhead transmission line between 400 Bamnauli and 220KV Mehrauli substation for feeding to proposed 220 KV GIS substation at IGI Airport (Route Length U/G- 6 Km.) was awarded to LS Cables on 09.6.2009 at a total cost of Rs.1350.800 Millions and the Cable has been commissioned in September, 2010.
Naraina - Ridge
Valley
Contract for supply, laying, testing and commissioning of 220 KV S/C , U/G XLPE Cable between 220 kV Naraina to 220KV Ridge Valley substation (Route Length 5.4 Km.) was awarded to L and T Limited on 8th July, 2009 at a total cost of Rs.386.100 Millions and the cable has been energized on 18.09.2010 and commissioned.
Maharani Bagh
- Trauma Centre (AIIMS)
In order to give feed to the upcoming 220 KV Trauma Centre substation, an order for supply, laying, testing and commissioning of D/C underground XLPE cable from Maharani Bagh to Trauma Centre substation was placed on LS Cables in 31.08.2009 at a total cost of Rs.1174.900 Millions. The Cable has been energized on 29.6.2011 and commissioned.
Maharani Bagh -
Electric Lane (Harish Chandra Mathur Lane)
In order to give feed to the upcoming 220 KV Electric Lane substation from Maharani Bagh substation, an order for supply, laying, testing and commissioning of 220 KV D/C underground XLPE cable was placed on L. S. Cables in 31.08.2009 at a total cost of Rs.1045.000 Millions. The work is likely to be completed by January, 2012.
Ridge Valley - Trauma
Centre
In order to give the feed to upcoming 220 KV Ridge Valley substation as well as existing substation at Naraina, an order for supply, laying, jointing, testing and commissioning of 220 KV D/C underground XLPE cable from Ridge Valley to Trauma Centre substation was awarded to L.S. Cables on 11.11.2009 at a total cost of Rs. 940.000 Millions. The work is likely to be completed by January 2012.
Maharani Bagh -
Gazipur
In order to feed the Gazipur substation an order for laying of 220 KV D/C underground cum overhead transmission link from Maharani Bagh substation was placed in March, 2009 on Aravali Infra Power at a total cost of Rs. 250.000 Millions. The work is delayed due to NOC from Noida Authority for five locations of RoW. The matter is being pursued with Noida Authority vigorously.
Shalimar Bagh -
Wazirpur
An order for supply, laying, testing and commissioning of 220 KV XLPE Cable between 220 KV Shalimar Bagh and upcoming Wazirpur substation was placed on M/s TBEA in May, 2010 at a total cost of Rs. 411.300 Millions. The work is likely to be completed by Mar, 2012.
Peeragarhi – Wazirpur
An order for supply, laying, testing and commissioning of 220 KV XLPE cable between upcoming 220 KV Peeragarhi and Wazirpur Substation was placed on M/s TBEA in 28.05.2010 at a total cost of Rs. 877.000 Millions. The work is likely to be completed by May, 2012.
Peeragarhi - Mundka
An order for supply, testing and commissioning of 220 KV XLPE cable between upcoming Peeragarhi 220 KV substation and Mundka substation was placed on M/s TBEA on 28.05.2010 at a total cost of Rs. 1117.000 Millions. The work is likely to be completed by May, 2012.
CONTINGENT
LIABILITY
(a) The contingent liability on account of arbitration / Court cases is Rs 497.253 Millions plus interest (Previous year Rs.574.153 Millions plus interest) against the counter claim of the Company amounting to Rs. 594.880 Millions (Previous Year Rs 9213.873 Millions). Considering the status of the pending cases no provision has been considered in terms of AS-29.
(b) The Income Tax Department had raised demands of Rs. 71.936 Millions for the F.Y. 2002-03 and 2004-05 to 2008-09 in connection with the matter of TDS u/s 201 A. A sum of Rs. 31.987 Millions has been paid towards disputed demand of TDS which is appearing under Advances. The Company has disputed and appealed against the same before the Commissioner of Income Tax/Appellate Tribunal which was pending for disposal as on 31st March, 2011. The Income Tax Department has also disallowed depreciation / certain expenses for F.Y. 2002-03 and 2007-08 which is disputed and appealed by the company. However in view of brought forward unabsorbed losses of earlier years there will no tax liability.
(c) Liability of the Company to banks against (i) Inland/Foreign LCs issued by the banks on behalf of the Company is Rs. 574.493 Millions (Previous year Rs. 322.279 Millions), and (ii) guarantees issued by the bank is Rs. 3.253 Millions (Previous year Rs. Nil).
(d) Estimated value of contracts remaining to be executed on Capital Account (net of advance) and not provided for as at 31st March 2011 amounts to Rs. 4790.800 Millions (Previous year Rs 12462.000 Millions).
(e) The LPSC on the revised power purchase cost as per the regulatory provisions on provisional basis works out to Rs 241.542 Millions. However the Company has not accepted the same.
FORM 8
|
Corporate identity number of the company |
U40103DL2001SGC111529 |
|
Name of the company |
DELHI TRANSCO LIMITED |
|
Address of the registered office or of the principal place of business in |
Shakti Sadan, Kotla Marg, E-Mail : cs@delhitransco.gov.in |
|
This form is for |
Creation of charge |
|
Type of charge |
Movable property (not being pledge) |
|
Particular of charge holder |
Allahabad Bank, H-12, E-Mail : seeman_sn@yahoo.co.in
|
|
Nature of instrument creating charge |
1. Sanction Letter Dated 18.02.2011 2. Term Loan Agreement Dated 31.03.2011 |
|
Date of instrument Creating the charge |
31.03.2011 |
|
Amount secured by the charge |
Rs.1500.000 Millions |
|
Brief of the principal terms an conditions and extent and operation of
the charge |
Rate of interest 10.50% P.A. (Fixed) Terms of repayment Terms loan of Rs.1500.000 Millions shall be repayable in 12 equal
annual installments starting from 37th month from date of 1st disbursement.
Interest to be serviced as and when due. Extent and operation of the charge As per Term Loan Agreement and Sanction letter |
|
Short particulars of the property or asset(s) charged (including
complete address and location of the property) |
Entire assets of the borrower along with the tangible, movable
machinery and plant, spares, tools and accessories, both present and future,
whether lying loose or in cases which are now lying or stored in or about or
shall be brought into or be stored or be in or upon or about the borrower's
premises and godowns or wherever else the same may be or be held by an party
to the order or disposition of the borrower. |
FIXED ASSETS:
WEBSITE DETAILS:
BRIEF HISTORY OF
POWER SECTOR IN
Introduction
Electricity plays a vital role in their day-to-day
life. It powers their houses, industries, hospitals and in fact their
entire economy. Historically speaking the modern electricity industry
utility system was first introduced to the world on the opening of Thomas Edison’s
Pearl Street Electricity Generating Station on September 4th , 1882
at
Promulgation of
Electricity (Supply) Act 1948
In the year 1948, electricity (Supply) Act 1948 came into force, which inter-alia provided for the constitution of an electricity Board in the States that was to function as a vertically integrated electricity utility in the entire State, undertaking all the functions of activities related to electricity, which included electricity generation, transmission, distribution, supply, planning coordination and also was to act as regulatory authority for carrying out other functions incidental and ancillary thereto. In other words, the Electricity (Supply) Act 1948 was entitled to become a monopolistic undertaking in the field of electricity control by an instrument of the state and not by private sector. The principal objective behind the above policy decision of the Government of India in providing for the constitution of State electricity to all, particularly in semi-urban and rural areas because till then the availability of electricity was confined to urban areas and was mainly served by private electricity distribution licenses issued under the Indian electricity Act 1910.
Formation of
Delhi State Electricity Board
In pursuance of the provisions of the Electricity (Supply) Act, 1948, in Delhi, in the year 1951 the Delhi State Electricity Board (DSEB) came into existence and the responsibility of generation and distribution of electricity was taken over by DSEB from DCEPA. The entire staff of DCEPA and other agencies was absorbed by DSEB under the existing terms and conditions of service.
Notification of
Industrial Policy Resolution
Growth in demand of electricity Thus, starting the humble origin, i.e., Private Limited Company having a few employees with primitive generation process, the generation, transmission, and distribution of power to the citizens of Delhi has now come in the hands of above mentioned six Companies with an employee strength which has grown over the years from a meager figure of few hundred to about 20,000. Prior to 1951, the demand of power in Delhi was about 27 MW which now has grown to about 4,000 MW. Availability of reliable and cheap power is absolutely essential for economic development of any developing society and consumption of electricity is an important indicator of the stage of development of agriculture, industry and commerce. With the growth of population, industries, importance of Delhi being the national Capital and with the advancement of technology, life style and increased use of new electrical electronic gadgets, the demand of power has gone up enormously. Present Scenario The role of Delhi Transco Limited is confined to arrange and provide transmission network of 400 KV and 220 KV source from Northern Grig. The present infrastructure for this purpose under 400 KV system is 4,725 MVA (2520 MVA with subject and 2205 with Power Grid Corporation). As against this, 220 KV sub Stations have the capacity of 6,300 MVA is available for Delhi. Future Plans In the 11th Plan ending 2011-12 the transmission capacity is proposed to be augmented to meet the future requirements. Under 400 KV system, it is proposed to establish new Sub Stations at Mundka, South-East Delhi near Mandi village and East Loni Road with a capacity of 630 MVA each by subject and also increase the capacity of existing sub-Station at Maharani Bagh by 630 MVA b Power Grid Corporation of India Limited. Similarly, under 220 KV systems, augmentation and new addition in capacity to the tune of 1660 MVA under the existing Sub Stations is proposed. Further, new Sub Station at DSIDC Bawana-II (320MVA), Chandrawal (200 MVA), Jhatikara More (320 MVA),. Ridge Valley (320 MVA), Rohini-II (480 MVA), Sultanpuri (320 MVA), Electric lane (200 MVA), Trauma Centre (200 MVA), Wazirpur Industrial Area (320 MVA) and IGI Airport (320 MVA) are proposed to be established. Thus, the capacity of 2520 MVA and 5940 MVA will be added in the 400 KV system and 220 KV system, respectively.
To sum up, by 2011-12 transformation capacity of 8460 MVA will be added and a total capacity of 19485 MVA will be available to Delhi.
PROFILE
Subject, a successor company of erstwhile
Delhi Vidyut board, came into existence on 1st July 2002, as a State
Transmission Utility of the National Capital. After unbundling of DVB the
distribution sector has been handed over to private companies while the generation
and transmission are still with the government. Over the years, SUBJECT has
evolved as a most dynamic performer, keeping pace with the manifold challenges
that confront the ever increasing demand-supply power situation and achieving
functional superiority on all fronts.
Being the capital of India and the hub of
commercial activities in the Northern Region, coupled with the prosperity of
population, the load requirement of Delhi has been growing at a much faster
pace. Added to that, being the focus of socio-economic and political life of
India, Delhi is assuming increasing eminence among the great cities of the
world. Plus the vgision-2021, aiming to make Delhi global Metro politic and
world class city demand greater infrastructure to enrich many services of
infrastructure development. Subject has been responsibly playing its role in
establishing. Upgrading, operating and maintaining the EHV (Extra High Voltage)
network. Subject has also been assigned the responsibility of running the State
load Dispatch Centre (SLDC) which is an apex body to ensure integrated
operations of power system in Delhi. Delhi Transco is also committed to promote
energy conservation not only in its own establishments but also in the entire
Delhi. The company has done a lot to educate and sensitize the general public
about the need of energy conservation. Transmission loss level has been reduced
from 3.84 per cent in 200-203 to 1.38 per cent in 2009-10, which is one of the
lowest transmission loss level in the country. To ensure adequate and efficient
power supply. Subject has been continuously upgrading its biggest achievement
has been its ability to handle the highest ever peak demand of 4720 MW in July
2010. The total availability of its transmission system stood 98.78%. The modern
technologies are being implemented in subject by way of constructing GIS sub
stations and laying XLPE 220 KV cable by employing cable link techniques and
would be the largest network of its kind in India.
Care of Environment
Subject operate its obligations in a clean,
green pollution free environment and has been providing more green coverage to
the National Capital. It has contributed a lot in spreading awareness among the
masses to use eco-friendly electrical appliances. The Energy Conservation
Building Code also thrust upon to maximize the use of natural resources and
minimize the use of electricity. Transparency and Accountability Delhi Transco
LIMITED. is committed to provide information to the citizens with a view to fulfill
it obligations under Delhi Right to information Act 2001 and Right to
Information Act 2005. Anyone desirous of seeking information related to the
functions of the company can ask for information. Apart from this a transparent
mechanism has been put in place for award of the works and release of payments
to the contractors and other stake holders. All the information is also
available on their website.
IT Initiatives
To enhance efficiency and productivity,
subject has initiated several IT based projects. For constant access to
real-time data of the entire network, the company has implemented Supervisory
Control and Data Acquisition (SCADA) systems. Subject has also carried out
system studies, adopting state of the art software. Enterprise Resources Planning
Software has been implanted which offers an integrated software facilitates
best practice by creating more efficient system and concentrating its efforts
towards maximizing profits.
Financial turn around
Subject has achieved a commendable financial
turnaround after a four-year financial engineering process. It has posted
profits in each of the past 4 years. In 2009-10 subject profits, after tax
stood at Rs. 772.800 Millions, an impressive 21.72% increase over the Rs.
634.900 Millions, registered in the Government and Rs. 5.400 Millions DPCL for
2009-10.
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.54.60 |
|
|
1 |
Rs.87.31 |
|
Euro |
1 |
Rs.69.86 |
INFORMATION DETAILS
|
Report Prepared
by : |
BSN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILIRY |
1~10 |
8 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
|
53 |
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.