1. Summary Information
|
|
|
Country |
|
|
Company Name |
GUPTA POWER
INFRASTRUCTURE LIMITED |
Principal Name 1 |
Mr. Mahendra Kumar Gupta |
|
Status |
Moderate |
Principal Name 2 |
Mr. Bhagat Ram Gupta |
|
|
|
Registration # |
21-025104 |
|
Street Address |
EN-62, Sector –
V, 7th Floor, |
||
|
Established Date |
09.05.1961 |
SIC Code |
-- |
|
Telephone# |
91-33-39584017 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-33-22438441 |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
Conductors |
|
|
# of employees |
800
(Approximately) |
Product Name 2 |
Power
Cables |
|
Paid up capital |
Rs.65,425,600/- |
Product Name 3 |
-- |
|
Shareholders |
Bodies corporate - 53.00% Directors or relatives of
directors - 47.00% |
Banking |
HDFC Bank
Limited |
|
Public Limited Corp. |
NO |
Business Period |
52 Years |
|
IPO |
NO |
International Ins. |
- |
|
Public |
NO |
Rating |
B
(38) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Associates/
Subsidiaries |
-- |
Tirupati Conductors Private Limited |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
1,932,674,000 |
Current Liabilities |
730,294,000 |
|
Inventories |
1,139,988,000 |
Long-term Liabilities |
1,811,454,000 |
|
Fixed Assets |
634,213,000 |
Other Liabilities |
77,803,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
2,619,551,000 |
|
Invest& other Assets |
186,821,000 |
Retained Earnings |
1,208,719,000 |
|
|
|
Net Worth |
1,274,145,000 |
|
Total Assets |
3,893,696,000 |
Total Liab. & Equity |
3,893,696,000 |
|
Total Assets (Previous Year) |
3,024,941,000 |
|
|
|
P/L Statement as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Sales |
9,893,760,000 |
Net Profit |
238,197,000 |
|
Sales(Previous yr) |
7,670,772,000 |
Net Profit(Prev.yr) |
183,254,000 |
MIRA
INFORM REPORT
|
Report Date : |
06.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
GUPTA POWER INFRASTRUCTURE LIMITED (w.e.f. 31.03.2008) |
|
|
|
|
Formerly Known
As : |
GUPTA
CABLES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
EN-62, Sector – V, 7th Floor, Salt Lake City, Kolkata – 700091,
West Bengal |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
09.05.1961 |
|
|
|
|
Com. Reg. No.: |
21-025104 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.65.426 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U31300WB1961PLC025104 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
CALG00457C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACG9210B |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer
of a Conductors and Power Cables |
|
|
|
|
No. of Employees : |
800 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (38) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 5100000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track record. The
management has failed to file its latest financial with government department.
From the previous year financials, it seems that the company is performing
good and it can be considered normal for business dealings. In absence of latest financial payment terms are unknown. Business is
active. The company can be considered for business dealings with slight
caution. |
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 |
LONG TERM RATING : CRISIL BBB+ |
|
Rating Explanation |
Moderate degree of safety it carry moderate credit risk |
|
Date |
3rd August 2012 |
|
Rating Agency Name |
CRISIL |
|
Rating |
SHORT TERM RATING : CRISIL BBB+ |
|
Rating Explanation |
High degree of safety it carry low credit risk |
|
Date |
3rd August 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.
INFORMATION PARTED BY (GENERAL DETAILS)
|
Name : |
Mr. Sangram Ray |
|
Designation : |
Senior Manager (Accounts Department)
|
|
Contact No.: |
91-9338774267 |
|
Date : |
03.04.2013 |
LOCATIONS
|
Registered Office : |
EN-62, Sector – V, 7th Floor, Salt Lake City, Kolkata –
700091, West Bengal |
|
Tel. No.: |
91-33-39584017/ 22438441/ 40657348 |
|
Mobile No.: |
91-9338774267 (Mr. Sangram Ray) |
|
Fax No.: |
91-33-22438441 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
4000 Sq. Ft. |
|
Location : |
Owned |
|
|
|
|
Corporate Office : |
|
|
Tel. No.: |
91-674-2313898/ 2312945 |
|
Fax No.: |
91-674-2312083/ 2312876 |
|
Area : |
1 Lac Sq. Root |
|
Location : |
Owned |
|
|
|
|
Factory 1 : |
Plot No-F/9, IDCO IID Centre, Khurda-752054, Orissa, India |
|
Tel. No.: |
91-674-2313898/ 2312945 |
|
Fax No.: |
91-674-2312083/ 2312876 |
|
Location : |
Owned |
|
|
|
|
Factory 2 : |
Shed No.13 and 18, Phase - V, Sidco mdl. Estate, Gummidipoondi,
Chennai – 601 201, |
|
Tel. No.: |
91-44-27921349 |
|
Fax No.: |
91-44-37909900 |
|
|
|
|
Factory 3 : |
Plot No. 132, |
DIRECTORS
As on 30.09.2011
|
Name : |
Mr. Mahendra Kumar Gupta |
|
Designation : |
Managing Director |
|
Address : |
|
|
Date of Birth/Age : |
01.10.1952 |
|
Date of Appointment : |
05.09.1997 |
|
DIN No.: |
00492922 |
|
|
|
|
Name : |
Mr. Bhagat Ram Gupta |
|
Designation : |
Chairman cum Managing Director |
|
Address : |
|
|
Date of Birth/Age : |
12.11.1943 |
|
Date of Appointment : |
05.09.1997 |
|
DIN No.: |
00492874 |
|
|
|
|
Name : |
Mr. Jitendra Mohan Gupta |
|
Designation : |
Director Administration |
|
Address : |
|
|
Date of Birth/Age : |
09.07.1972 |
|
Date of Appointment : |
05.09.1997 |
|
DIN No.: |
00492662 |
|
|
|
|
Name : |
Mrs. Kiran Devi Gupta |
|
Designation : |
Director |
|
Address : |
|
|
Date of Birth/Age : |
18.01.1945 |
|
Date of Appointment : |
01.01.2004 |
|
DIN No.: |
01348787 |
|
|
|
|
Name : |
Mr. Abhishek Gupta |
|
Designation : |
Director |
|
Address : |
Gupta Niwas Station Road, Bhubaneshwar, Khurda – 751006, Orissa, India
|
|
Date of Birth/Age : |
02.03.1975 |
|
Date of Appointment : |
20.12.2006 |
|
DIN No.: |
00492732 |
KEY EXECUTIVES
|
Name : |
Mr. Sangram Ray |
|
Designation : |
Senior Manager (Accounts Department)
|
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2011
(Rs. 100/- Each)
|
Names of Shareholders |
|
No. of Shares (Equity) |
|
|
|
|
|
Bhagat Ram Gupta |
|
9228 |
|
Kiran Devi Gupta |
|
11346 |
|
Mahendra Kumar Gupta |
|
24398 |
|
Padma Devi Gupta |
|
28810 |
|
Subhash Chandra Gupta |
|
4495 |
|
Sushila Devi Gupta |
|
5465 |
|
Adi Narayan Gupta |
|
2250 |
|
Bhagawatilal Prasad Agrawala |
|
166 |
|
Sharada Kumari Agrawala |
|
50 |
|
Jitendra Mohan Gupta |
|
10000 |
|
Abhishek Gupta |
|
6644 |
|
Adi Narayan Gupta H.U.F. |
|
29031 |
|
Subhash Chandra Gupta H.U.F. |
|
29008 |
|
Rekha Gupta |
|
29373 |
|
Pooja Gupta |
|
2000 |
|
Mahendra Kumar Gupta H.U.F. |
|
29345 |
|
Bhagat Ram Gupta H.U.F. |
|
29400 |
|
Bhagat Ram Gupta M.H.U.F. |
|
11900 |
|
Bhagat Ram Gupta S.H.U.F. |
|
12000 |
|
Sunita Devi Gupta |
|
29347 |
|
Fidelity Marketing (Private)
Limited, India |
|
123800 |
|
Flexo Contra Private Limited,
India |
|
73200 |
|
Hariomm Vanijya Private Limited,
India |
|
50000 |
|
ARP Securities Private Limited,
India |
|
59400 |
|
Juhi Vanijya Private Limited,
India |
|
43600 |
|
Total |
|
654256 |
|
Names of Shareholders |
|
No. of Shares (Preference) |
|
|
|
|
|
Subhash Chandra Gupta |
|
4495 |
|
Adi Narayan Gupta |
|
2250 |
List of Allotees
As on 23.03.2012
(Rs. 10/- Each)
|
Name Allotees |
|
No. of Shares Alloted |
|
Bhagat Ram Gupta (HUF) |
|
5000 |
|
Pooja Gupta |
|
80000 |
|
Abhishek Gupta |
|
140000 |
|
Subash Chandra Gupta |
|
195000 |
|
Harsh Mohan Gupta |
|
200000 |
|
Sushila Gupta |
|
100000 |
|
Subash Chandra Gupta (HUF) |
|
200000 |
|
Manisha Gupta |
|
50000 |
|
Adinarayan Gupta |
|
200000 |
|
Adinarayan Gupta (HUF) |
|
100000 |
|
Kunj Bihari Gupta |
|
200000 |
|
Sunita Gupta |
|
30000 |
|
Total |
|
1500000 |
As on 30.09.2011
Equity Shares Break – up
|
Category |
|
Percentage |
|
Bodies corporate |
|
53.00 |
|
Directors or relatives of directors |
|
47.00 |
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer
of a Conductors and Power Cables |
|
|
|
|
Products : |
·
Aluminium and Alloy bare electrical transmission line conductor ·
Power and Control Cables ·
PSC Poles ·
Aluminium and Alloy wire Rods |
|
|
|
|
Exports : |
|
|
Products : |
Finished Goods |
|
Countries : |
·
South Africa ·
Arabian Countries ·
Egypt ·
Gulf Countries
|
|
|
|
|
Imports : |
|
|
Products : |
Raw materials |
|
Countries : |
·
South Korea ·
Switzerland |
|
|
|
|
Terms : |
|
|
Selling : |
Depends |
|
|
|
|
Purchasing : |
Depends |
PRODUCTION STATUS (AS ON 31.03.2011)
|
Particulars |
Unit |
Licensed Capacity |
Installed Capacity |
Actual Production |
|
|
|
|
|
|
|
AAAC/ ACSR/ AAC Conductors, Wires, Cables, etc. |
MTs |
96969 |
96969 |
58503.592 |
|
|
|
|
|
|
GENERAL INFORMATION
|
Suppliers : |
·
NALCO Limited |
|||||||||||||||
|
|
|
|||||||||||||||
|
Customers : |
National Clients ·
ABB Limited ·
A2Z Maintenance and Engg Services Private Limited ·
AREVA T and D Systems India Limited ·
Bharat Cooking Coal Limited ·
Bhusan Power and Steel Limited ·
Compton Greaves Limited ·
ECI Engg and Construction company Limited ·
Essar Construction Limited ·
IVRCL Infrastructure and Projects Limited ·
JSW Steel Limited ·
Jyoti Structure Limited ·
KEC International Limited ·
Larsen and Toubro Limited ·
National Hydroelectric Power Corporation (NHPC). ·
Overseas Infrastructure Limited ·
PEC Limited ·
Reliance Energy Limited ·
Shree Metaliks limited ·
SPIC - SMO. ·
TATA Projects Limited ·
Vedanta Aluminium Limited ·
Adhunik Alloys and Power Limited ·
All State Electricity Boards. ·
Associated Transrail Structures Limited ·
Bharat Heavy Electricals Limited ·
Coal Fields
(NCL, WCL, CCL, MCL). ·
Damodar Valley Corporation. ·
EMCO Limited ·
ICOMM Tele Limited ·
Jamshedpur Utilities and Services Company Limited ·
Jindal Steel and Power Limited ·
Kalpataru Power Transmission Limited ·
LANCO Infratech Limited ·
Mytas Infra Limited ·
National Thermal Power Corporation (NTPC) ·
Power Grid Corporation Of India Limited ·
Power Links Transmission Limited ·
Shayma Power India Limited ·
Siemens Limited ·
Subash Projects and Marketing Limited ·
Vijay Electrical Limited International
Clients ·
Bhutan Power Corporation. ·
Egyptian Electricity Transmission Company, Egypt. ·
Ministry of Energy and Water Afghanistan. ·
CEEG Spa, Algeria. ·
Ethiopia Electric Power Corporation |
|||||||||||||||
|
|
|
|||||||||||||||
|
No. of Employees : |
800 (Approximately) |
|||||||||||||||
|
|
|
|||||||||||||||
|
Bankers : |
·
Canara Bank, Buxi Bazar Branch, Mangalabagh,
Cuttack – 753 001, Orissa, India ·
Canara Bank, Sur Complex, Mangalabagh, Cuttack –
753 001, Orissa, India ·
Allahabad Bank, Bapuji Nagar, Bhubaneshwar, Orissa, India Tel
No.: 91-674-2532745 ·
ICICI Bank Limited ·
HDFC Bank Limited, HDFC Bank House, Senapati
Bapat Marg, Lower parel (West), Mumbai – 400013, Maharashtra, India ·
Indusind Bank Limited, Savitri Towers, 3 A Upper Wood Street,
Kolkata - 00017, West Bengal, India ·
Axis Bank Limited, Bhubaneshwar, Orissa, India |
|||||||||||||||
|
|
|
|||||||||||||||
|
Facilities : |
|
|||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Das Maulik Mahendra K Agrawal and Company Chartered Accountants |
|
Address : |
AT-B Block, Monalika Apartment, Old Station Square, Cuttack Road, Bhubaneshwar
– 751 006, Orissa, India |
|
Tel. No.: |
91-674-2312791/ 2313039 |
|
Fax No.: |
91-674-2313487 |
|
E-Mail : |
|
|
PAN No.: |
AAEFD6922C |
|
|
|
|
Associates/Subsidiaries : |
·
Tirupati Conductors Private Limited U31300OR1994PTC003570 ·
Kunj Alloys Private Limited U27203OR2000PTC006119 ·
Kunj Engineers and Consultants Private Limited U28999OR2001PTC006627 |
CAPITAL STRUCTURE
After 30.09.2011
Authorised Capital : Rs.100.000
Millions
Issued, Subscribed & Paid-up Capital : Rs.84.426 Millions
As on 30.09.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
990000 |
Equity Shares |
Rs.100/- each |
Rs.99.000 Millions |
|
10000 |
12% Cumulative Redeemable Preference Shares |
Rs.100/- each |
Rs.1.000 Million |
|
|
|
|
|
|
|
Total |
|
Rs.100.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
644491 |
Equity Shares |
Rs.100/- each |
Rs.64.449 Millions |
|
9765 |
12% Cumulative Redeemable Preference Shares |
Rs.100/- each |
Rs.0.977 Million |
|
|
|
|
|
|
|
Total |
|
Rs.65.426
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 |
65.426 |
65.426 |
58.426 |
|
|
2] Share Application Money |
0.000 |
0.000 |
59.400 |
|
|
3] Reserves & Surplus |
1208.719 |
970.341 |
723.954 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
1274.145 |
1035.767 |
841.780 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
1682.344 |
983.803 |
884.130 |
|
|
2] Unsecured Loans |
129.110 |
130.995 |
107.042 |
|
|
TOTAL BORROWING |
1811.454 |
1114.798 |
991.172 |
|
|
DEFERRED TAX LIABILITIES |
1.173 |
1.910 |
1.564 |
|
|
|
|
|
|
|
|
TOTAL |
3086.772 |
2152.475 |
1834.516 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
634.213 |
537.651 |
220.479 |
|
|
Capital work-in-progress |
176.014 |
156.116 |
160.293 |
|
|
|
|
|
|
|
|
INVESTMENT |
10.115 |
10.009 |
9.557 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
1139.988
|
505.663
|
302.634
|
|
|
Sundry Debtors |
1316.728
|
1250.165
|
1410.520
|
|
|
Cash & Bank Balances |
417.804
|
381.355
|
368.677
|
|
|
Other Current Assets |
0.000
|
0.000
|
0.000
|
|
|
Loans & Advances |
198.142
|
182.934
|
186.081
|
|
Total
Current Assets |
3072.662
|
2320.117
|
2267.912
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
730.294
|
804.464
|
652.547
|
|
|
Other Current Liabilities |
0.000
|
0.000
|
138.479
|
|
|
Provisions |
76.630 |
68.002 |
34.103
|
|
Total
Current Liabilities |
806.924
|
872.466
|
825.129
|
|
|
Net Current Assets |
2265.738
|
1447.651
|
1442.783
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.692 |
1.048 |
1.404 |
|
|
|
|
|
|
|
|
TOTAL |
3086.772 |
2152.475 |
1834.516 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
9893.760 |
7670.772 |
7021.401 |
|
|
|
Other Income |
0.000 |
0.000 |
1.129 |
|
|
|
TOTAL (A) |
9893.760 |
7670.772 |
7022.530 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Consumption Materials Changes Inventories |
7780.320 |
5898.942 |
|
|
|
|
Manufacturing Service Costs |
950.999 |
790.622 |
|
|
|
|
Employee Related Expenses |
81.408 |
46.630 |
|
|
|
|
Administrative Selling Other Expenses |
494.078 |
471.836 |
|
|
|
|
TOTAL (B) |
9306.805 |
7208.030 |
6595.810 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
586.955 |
462.742 |
426.720 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
255.572 |
221.264 |
235.986 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
331.383 |
241.478 |
190.734 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
26.213 |
10.964 |
7.949 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
305.170 |
230.514 |
182.785 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
66.973 |
47.260 |
28.026 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
238.197 |
183.254 |
154.759 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Dividend |
0.000 |
0.000 |
3.060 |
|
|
|
Tax on Dividend |
0.000 |
0.000 |
0.557 |
|
|
BALANCE
TRANSFERRED TO RESERVE AND SURPLUS |
238.197 |
183.254 |
151.142 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
NA |
NA |
1581.500 |
|
|
TOTAL EARNINGS |
NA |
NA |
1581.500 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
NA |
NA |
472.638 |
|
|
TOTAL IMPORTS |
NA |
NA |
472.638 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
375.80 |
294.98 |
269.38 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
2.41
|
2.39
|
2.20 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
3.08
|
3.01
|
2.60 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
8.23
|
8.07
|
7.35 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.24
|
0.22
|
0.22 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
2.06
|
1.92
|
2.16 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.81
|
2.66
|
2.75 |
LOCAL AGENCY FURTHER INFORMATION
DETAILS OF
UNSECURED LOANS
(Rs.
In Millions)
|
Particulars |
31.03.2011 |
31.03.2010 |
|
|
|
|
|
Other Debt Unsecured |
129.110 |
130.995 |
|
Total |
129.110 |
130.995 |
NOTE:
The Registered office of the company has been shifted from “7 Mangoe
Laner No.302 and 303, 3rd Floor, Kolkata – 700001, Maharashtra, India”
to the present address w.e.f. 18.01.2011.
YEAR IN RETROSPECT:
(i) R and D division of the Company is working day and night to develop latest technology to be at par with its competitors at National and International level. The Company has developed technology to manufacture a new type of conductor called INVAR/GAP which are in high demand overseas and gradually it is making inroads in India too. These products were presented at various Electricity Boards and Power Companies and it got wide appreciation at all the level. There are only two Companies in India who have developed such technology.
(ii) The Company has started substation and distribution line work which has given it the eligibility to take up transmission and distribution work on turnkey basis. The Company has recently got an order for such job at Samukha Beach (Puri to Konark).
(iii) The is the only unit in Orissa who became qualified to participate in the bid for underground cabling work at Puri.
(iv) The Company had participated and displayed its products at international trade fair held at Dubai, Ethiopia and South Korea. The response to the products there was very much encouraging.
(v) The Rural Electrification (RE) of the Company works in Orissa UNDER Rajeev Gandhi Gramin Vidyutikaran Yojana and Biju Gram Vidyut Yojana is yielding excellent results. The Company has been rated as the best by Govt. of Orissa, OSIC, UID etc. They have successfully completed 810 villages.
(vi) The now have another reason to cheer that High Level Single Window Clearance Committee of Govt. of Orissa has approved their proposal for setting up an HT cable manufacturing plant upto 220 KVA. The said Committee has also recommended for allotment of Ac. 30.00 land near Khordha and Bhubaneswar for setting up above project. With such their unit shall be the only unit in entire Eastern India having such manufacturing facility.
(vii) The Directors are in final negotiation with overseas company for joint venture to establish HT cables up to 220 KVA manufacturing unit. Such JV shall give necessary qualification to the Company to participate in bid for such products.
(Viii) In a very short span of time, the cables manufactured by the Company got enlisted with all the major bluechip and Govt/Semi Govt. Undertaking.
(ix) The empowered State Technical Committee of Govt. of Orissa has approved their proposal for setting up a 5 M.W. Solar Power Project which shall entail an investment of around Rs.850.000 Millions. As you are aware global warming is the serious concern world wide and the major thrust in entire world is to curb carbon emission to neutralize its effect to some extent. Govt. of India is now giving wide stress on green energy and is contemplating industry friendly policies to encourage such projects which shall be shortly enacted.
GENERAL MARKET AND
FUTURE OUTLOOK:
The critical role played by the power industry in the economic progress of a country has to be emphasized. A self sufficient power industry is vital for a nation to achieve economic stability. Electricity is one of the most vital infrastructure inputs for economic development of a country. There is a strong demand for electricity in India and it is steadily growing with the country's economic growth and rising consumerism. The Indian electricity market today offers one of the highest growth potential for private players. Government reforms, e.g. distribution network Reforms Program, would be the key factor driving the power sector. Reforms such as The Electricity Act and National Electricity Policy will give impetus to the Indian power sector.
The Indian power sector is experiencing a large demand-supply gap. At present, the energy shortage in India is ~10% but there are States where the energy shortage is as high as 25%. To combat this, over 80,000 MW of new generation capacity is planned in the next five years. A corresponding investment is required in Transmission and Distribution networks.
The Indian Ministry of Power has set a goal, Mission 2012: Power for all and released a comprehensive sector development blueprint. The main objectives, in addition to providing 100% access to power, are to provide sufficient power to achieve targeted GDP growth rate of 8%, provide reliable and good quality power and to enhance commercial viability.
200 billion is required to meet Mission 2012 targets. This has welcomed numerous opportunities to the Indian Organisations to convert them in corporate giants. Additional massive capital investment is further required over the subsequent years with the countries power requirement expected to touch 800,000 MW by 2031-32.
CONTINGENT LIABILITIES
(Rs.
In Millions)
|
Particulars |
31.03.2011 |
31.03.2010 |
|
i) Claims against the company pending appellate/ judicial
decisions A. Appeal pending
against order issued by ACCT, |
40.184 |
40.184 |
|
B. Appeal pending
against order issued by ACCT, |
11.104 |
11.104 |
|
ii) Bank Guarantees
issued by bankers on behalf of the company. |
2819.120 |
2383.381 |
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate identity number of the company |
U31300WB1961PLC025104 |
|
Name of the company |
GUPTA POWER INFRASTRUCTURE LIMITED |
|
Address of the registered office or of the principal place of business in India of the company |
EN-62, Sector – V, 7th Floor, Salt Lake City, Kolkata –
700091, West Bengal, India |
|
This form is for |
Creation of charge |
|
Type of charge |
Book Debts Movable Property Floating charge |
|
Particular of charge holder |
HDFC Bank Limited, HDFC Bank House, Senapati Bapat Marg, Lower parel
(West), Mumbai – 400013, Maharashtra, India E-mail Id : Sachidananda.Samal@hdfcbank.com
|
|
Nature of description of the instrument creating or modifying the
charge |
Letter of hypothecation of stocks and book debts dated 20.03.2012 |
|
Date of instrument Creating the charge |
20.03.2012 |
|
Amount secured by the charge |
Rs.491.000 Millions |
|
Brief particulars of the principal terms and conditions and extent and
operation of the charge |
Rate of Interest: 12.50% (HDFC Bank Rate + 250 BPS) or as agreed from time to time Terms of Repayment: CC - on demand or as agreed from time to time WCDL - principal amount to be repaid as bullet payment on the maturity
date TL - repayable in 20 equal quaterly installments Margin: CC Inventory - 25% Book Debts - 25% TL - 26% Extent and Operation of the charge: Charge created on stocks and book debts both present and future to
secure the due repayment of the credit facilities along with
interest, costs, charges and other dues that may any time
hereafter become due and owing to the
bank in respect of and under the credit facilities as mentioned below Others First pari passu charge on
stock and Book debts both present and future to secure CC / WCDL / FCNR (B) / EPC / PCFC
/ PSC / BG / LC / FLC / BC / LOU AND Second pari passu charge
on stock and Book debts both
present and future to secure Term Loan |
FIXED ASSETS:
·
Land
·
Land (Leasehold)
·
Plant and Machinery
·
Other Auxiliary Equipment
·
Fork Lift
·
Air Conditioner
·
Computers
·
Cycle
·
Office Building and stores
·
Electrical Equipment
·
Furniture and Fixture
·
Laboratory Equipment
·
Gober Gas Plant
·
Telephone
·
Type Writer and Office Equipment
·
Generator
·
Crane
·
Water Cooler
·
Truck
·
Geyser
·
Weigh Bridge
·
Tractor
WEBSITE DETAILS:
CORPORATE
OVERVIEW:
Subject is an established name in the manufacturing of Conductors and
Cables. An ISO 9001:2008 and 14001:2004
certified companies, Subject over the five decades, through its stringent
quality control, customer satisfaction and diversified product mix has reached
a growth potential exceeding USD 170 Million in the year 2009-20010.
Its gamut of products includes Overhead Conductor, HT/LT Power Cables,
Control Cables, Instrumentation Cables, Mining Cables, Special Cable and PSC
Poles. GPIL has created its own EPC division for Rural Electrification work
under Biju Gramin Jyoti Yojana and Rajiv Gandhi Vidyuti Karan Yojana in remote
areas of Orissa thereby adding to the infrastructure development of the state.
HISTORY:
Subject
[formerly known as Gupta Cables Private Limited] is a trusted and proven name
in the field of electrical transmission and distribution line products. The
company is a recognized Export House and ISO 9001 2000 certified manufacturer
and supplier of all types and sizes of Aluminium and Alloy bare electrical
transmission line conductor, Power and Control Cables, Aluminium and Alloy wire
Rods, PSC Poles. The Company has also its own Power Infrastructure Division.
Subject during its 30 years existence has evolved and emerged as a key
player in conductor industry through perpetual improvement in quality and
services, constant innovation and technology up-gradation. The company has the
distinction of being among the few mainstream manufacturers of extra high voltage
power conductor in
Over the years the company has diversified its activities to manufacture of
Aluminium and Alloy wire Rods, all types of Control and Power Cables under the
name and style of "G-CAB" and PSC Poles with steam curing facility.
The company has its own power infrastructure project division for carrying out
electrification works on turnkey basis.
In view of the unprecedented boom in power sector, the company has set up fully
integrated plants in Kashipur (Utaranchal), Khurda (Orissa), conductor
manufacturing facility in Goomudipondi, Tamil Nadu in addition to its core
business establishment in
The company's future looks very bright considering the huge requirement of
transmission line products especially due to the "Power for all by
2012" programme launched by Ministry of Power (MOP).
Management
Senior Leadership Team
Gupta Power is led by an able group of dedicated and highly
experienced professionals. Their expertise and experience from diverse
backgrounds blend well with the organization needs, aptly forming the inspiring
force for one and all in the company. The commitment lines have been drawn well
in making Gupta Power the best managed company in its category in
Projects:
The company has formed its own Power infrastructure Project Division consisting of strong and experienced work force. The division has been growing steadily ever since its inception and has already made its presence felt in the strong turnkey electrification market by undertaking various electrification works on turnkey basis. Within a very short period the company has completed electrification works of more than 100 villages on turnkey basis in record time under CESU and SOUTHCO areas in Orissa.
The company’s future looks very bright considering the high demand of
transmission line products especially in the upcoming Rural Electrification
works under Rajiv Gandhi Gramin Vidyutikaran Yojona (RGGVY) of Government of
India, Biju Grama Jyoti Yojona (BGJY) of Government of Orissa and also under
Accelerated Power Development and Reform Programme (APDRP) of various
Electricity Boards and DISCOMS.
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No 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.54.88 |
|
|
1 |
Rs.83.54 |
|
Euro |
1 |
Rs.70.90 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYN |
|
|
|
|
Report Prepared
by : |
BSN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
Defaulter |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
38 |
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.