MIRA INFORM REPORT
|
Report Date : |
23.02.2013 |
IDENTIFICATION DETAILS
|
Name : |
RELIANCE INDUSTRIAL INFRASTRUCTURE LIMITED |
|
|
|
|
Registered
Office : |
NKM International House, 5th Floor, 178 Backbay Reclamation, Behind LIC Yogakshema Building, Babubhai Chinai Road, Mumbai – 400020, Maharashtra |
|
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|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
29.09.1988 |
|
|
|
|
Com. Reg. No.: |
11-049019 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.151.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
L60300MH1988PLC049019 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMR15437C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACR7637P |
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|
Legal Form : |
A Public Limited
Liability Company. The Company's Shares are Listed on the Stock Exchanges |
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|
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|
Line of Business
: |
The company is mainly engaged in Infrastructure activity. |
|
|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
Aa (72) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
USD 8500000 |
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|
|
|
Status : |
Excellent |
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|
|
|
Payment Behaviour : |
Regular |
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|
Litigation : |
Clear |
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|
Comments : |
Subject is a part of Reliance Group Company. It is a well established and reputed company have excellent track
record. Financially company performance is good. Fundamental seems healthy
and strong. Trade relations are reported as trustworthy. Business is active.
Payments are reported to be regular and as per commitments. The company can be considered for good 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.
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 |
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 DECLINED
Management non co-operative (91-22-44779053)
LOCATIONS
|
Registered Office : |
NKM International House, 5th Floor, 178 Backbay Reclamation, Behind LIC Yogakshema Building, Babubhai Chinai Road, Mumbai – 400020, Maharashtra, India |
|
Tel. No.: |
91-22-44779053 |
|
Fax No.: |
91-22-44779052 |
|
E-Mail : |
DIRECTORS
AS ON 05.07.2012
|
Name : |
Mr. Mahesh Kalidas Kamdas |
|
Designation : |
Director |
|
Address : |
2201 , Chaitanya Towers , 'C' Wing , App Asaheb Marathe Marg , Prabhadevi , Mumbai – 400025, Maharashtra, India |
|
Date of Birth/Age : |
27.09.1951 |
|
Date of Appointment : |
23.07.1990 |
|
Din No.: |
00013915 |
|
|
|
|
Name : |
Mr. Dilipkumar Vittaldas Dherai |
|
Designation : |
Director |
|
Address : |
Flat No.504, 5th Floor, Sayadhari Neelkanth Valley,
Ghatkoper (East), Mumbai – 400077, Maharashtra, India |
|
Date of Birth/Age : |
09.04.1956 |
|
Date of Appointment : |
01.07.1994 |
|
Din No.: |
00011789 |
|
|
|
|
Name : |
Mr. Chandra Raj Mehta |
|
Designation : |
Director |
|
Address : |
A/602, Shilp Near Deepak Cinema, P B Marg, Worli, Mumbai – 400013,
Maharashtra, India |
|
Date of Birth/Age : |
16.03.1939 |
|
Date of Appointment : |
29.08.2006 |
|
Din No.: |
00002011 |
|
|
|
|
Name : |
Mr. Sandeep Hemendra Junnarkar |
|
Designation : |
Director |
|
Address : |
Flat No.1702, Wallace Apartment, Naushir Bharucha Marg, Mumbai –
400007, Maharashtra, India |
|
Date of Birth/Age : |
02.07.1951 |
|
Date of Appointment : |
27.04.1991 |
|
Din No.: |
00003534 |
|
|
|
|
Name : |
Mr. Subhashchandra Anantram Malhotra |
|
Designation : |
Director |
|
Address : |
602, Tulsi Shyam Chs Limited, Highway Junction Road, Thane (West),
Mumbai – 400604, Maharashtra, India |
|
Date of Birth/Age : |
13.11.1940 |
|
Date of Appointment : |
16.12.1989 |
|
Din No.: |
00013967 |
|
|
|
|
Name : |
Mr. Shankar Natarajan |
|
Designation : |
Director |
|
Address : |
10 Balaji Prasad Chs, Near Canara Bank, R B Mehta Road, Ghatkoper
(East), Mumbai – 400077, Maharashtra, India |
|
Date of Birth/Age : |
16.09.1953 |
|
Date of Appointment : |
29.03.2012 |
KEY EXECUTIVES
|
Name : |
Mr. Swatantra Kumar Sethi |
|
Designation : |
Secretary |
|
Address : |
Flat No. A/302, 3rd Floor, Bhumika Avenue, Plot Nos.
38,42,43, Sector – 50, Nerul, Navi Mumbai – 400706, Maharashtra, India |
|
Date of Birth/Age : |
08.03.1958 |
|
Date of Appointment : |
18.01.2007 |
|
Date of Ceasing: |
29.03.2012 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 31.12.2012
|
Category of
Shareholders |
No. of Shares |
Percentage of
Holding |
|
(A) Shareholding of Promoter and Promoter Group |
|
|
|
|
|
|
|
|
6860064 |
45.43 |
|
|
6860064 |
45.43 |
|
|
|
|
|
Total shareholding of Promoter and Promoter Group (A) |
6860064 |
45.43 |
|
(B) Public Shareholding |
|
|
|
|
|
|
|
|
800 |
0.01 |
|
|
17439 |
0.12 |
|
|
41925 |
0.28 |
|
|
60164 |
0.40 |
|
|
|
|
|
|
1394364 |
9.23 |
|
|
|
|
|
|
6286207 |
41.63 |
|
|
265130 |
1.76 |
|
|
234071 |
1.55 |
|
|
144851 |
0.96 |
|
|
88220 |
0.58 |
|
|
1000 |
0.01 |
|
|
8179772 |
54.17 |
|
Total Public shareholding (B) |
8239936 |
54.57 |
|
Total (A)+(B) |
15100000 |
100.00 |
|
(C) Shares held by Custodians and against which Depository
Receipts have been issued |
0 |
0.00 |
|
|
0 |
0.00 |
|
|
0 |
0.00 |
|
|
0 |
0.00 |
|
Total (A)+(B)+(C) |
15100000 |
0.00 |
Shareholding
belonging to the category "Promoter and Promoter Group"
|
Sr. No. |
Name of the
Shareholder |
Details of Shares held |
Total shares (including
underlying shares assuming full conversion of warrants and convertible
securities) as a % of diluted share capital |
|
|
|
|
No. of Shares held |
As a % of grand
total (A)+(B)+(C) |
|
|
1 |
Reliance Industries Ltd |
68,60,064 |
45.43 |
45.43 |
|
|
Total |
68,60,064 |
45.43 |
45.43 |
Shareholding
belonging to the category "Public" and holding more than 1% of the
Total No. of Shares
|
l. No. |
Name of the
Shareholder |
No. of Shares held |
Shares as % of
Total No. of Shares |
Total shares (including
underlying shares assuming full conversion of warrants and convertible
securities) as a % of diluted share capital |
|
|
|
|
|
|
|
1 |
Reliance Capital Limited |
160100 |
1.06 |
1.06 |
|
|
Total |
160100 |
1.06 |
1.06 |
BUSINESS DETAILS
|
Line of Business : |
The company is mainly engaged in Infrastructure activity. |
GENERAL INFORMATION
|
No. of Employees : |
Information declined by the management |
|
|
|
|
Bankers : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Chaturvedi and Shah Chartered Accountants |
|
Address : |
714-715, Tulsiani Chambers 212, Nariman Point, Mumbai – 400021,
Maharashtra, India |
|
|
|
|
Subsidiaries : (AS ON 31.03.2011) |
( Upto 25th August, 2009 )
( Upto 25th August, 2009 ) |
|
|
|
|
Associates : |
Reliance Industries Limited |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
200000000 |
Equity Shares |
Rs.10/- each |
Rs.2000.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
15100000 |
Equity Shares |
Rs.10/- each |
Rs.151.000
Millions |
|
|
|
|
|
The details of
Shareholder holding more than 5% shares :
|
Name of Shareholder |
No. of Shares |
31.03.2012 % held |
|
Reliance Industries Limited |
6860064 |
45.43 |
The reconciliation of
the number of shares outstanding is set out below:
|
Name of Shareholder |
31.03.2012 No. of Shares |
|
Equity Shares at the beginning of the year |
15100000 |
|
Issued during the year |
-- |
|
Equity Shares at the end of the year |
15100000 |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
151.000 |
151.000 |
151.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
1994.503 |
1824.097 |
1667.087 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
2145.503 |
1975.097 |
1818.087 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
0.000 |
0.000 |
0.000 |
|
|
DEFERRED TAX LIABILITIES |
222.805 |
206.435 |
234.519 |
|
|
|
|
|
|
|
|
TOTAL |
2368.308 |
2181.532 |
2052.606 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
1022.787 |
648.073 |
350.252 |
|
|
Capital work-in-progress |
0.000 |
17.144 |
58.137 |
|
|
|
|
|
|
|
|
INVESTMENT |
357.737 |
262.737 |
67.737 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
7.059
|
7.499 |
8.985 |
|
|
Sundry Debtors |
170.889
|
105.792 |
99.278 |
|
|
Cash & Bank Balances |
24.284
|
22.483 |
21.337 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
1400.023
|
1407.047 |
1693.740 |
|
Total
Current Assets |
1602.255
|
1542.821 |
1823.340 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
146.432
|
200.275 |
154.110 |
|
|
Other Current Liabilities |
393.557
|
6.291 |
6.425 |
|
|
Provisions |
74.482
|
82.677 |
86.324 |
|
Total
Current Liabilities |
614.471
|
289.243 |
246.859 |
|
|
Net Current Assets |
987.784
|
1253.578 |
1576.481 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
2368.308 |
2181.532 |
2052.606 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
613.429 |
560.204 |
511.606 |
|
|
|
Other Income |
89.057 |
145.777 |
75.351 |
|
|
|
TOTAL (A) |
702.486 |
705.981 |
586.957 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Manufacturing Services cost |
0.000 |
0.000 |
121.895 |
|
|
|
Employee Benefits Expense |
115.918 |
118.388 |
81.317 |
|
|
|
Other Expenses |
207.832 |
277.411 |
73.165 |
|
|
|
TOTAL (B) |
323.750 |
395.799 |
276.377 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
378.736 |
310.182 |
310.580 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
0.000 |
0.000 |
14.976 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
378.736 |
310.182 |
295.604 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
63.342 |
57.047 |
46.316 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
315.394 |
253.135 |
249.288 |
|
|
|
|
|
|
|
|
|
Less |
TAX (I) |
79.274 |
29.294 |
29.533 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-I) (J) |
236.120 |
223.841 |
219.755 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Capital Goods |
405.299 |
NA |
NA |
|
|
TOTAL IMPORTS |
405.299 |
NA |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
15.64 |
14.82 |
-- |
|
QUARTERLY RESULTS
|
PARTICULARS |
30.06.2012 |
30.09.2012 |
31.12.2012 |
|
Type |
1st
Quarter |
2nd
Quarter |
3rd
Quarter |
|
Net Sales |
169.300 |
191.800 |
20.8.300 |
|
Total Expenditure |
91.000 |
98.600 |
99.600 |
|
PBIDT (Excl OI) |
78.300 |
93.200 |
108.700 |
|
Other Income |
21.700 |
25.600 |
20.900 |
|
Operating Profit |
100.000 |
118.800 |
129.600 |
|
Interest |
0.000 |
0.000 |
0.000 |
|
Exceptional Items |
0.000 |
0.000 |
0.000 |
|
PBDT |
100.000 |
118.800 |
129.600 |
|
Depreciation |
25.200 |
26.600 |
27.600 |
|
Profit Before Tax |
74.700 |
92.200 |
102.100 |
|
Tax |
21.500 |
31.200 |
39.200 |
|
Provisions and contingencies |
0.000 |
0.000 |
0.000 |
|
Profit After Tax |
53.200 |
61.100 |
62.800 |
|
Extraordinary Items |
0.000 |
0.000 |
0.000 |
|
Prior Period Expenses |
0.000 |
0.000 |
0.000 |
|
Other Adjustments |
0.000 |
0.000 |
0.000 |
|
Net Profit |
53.200 |
61.100 |
62.800 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
33.61
|
31.71 |
37.44 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
51.41
|
45.18 |
48.72 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
12.01
|
11.55 |
11.47 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.15
|
0.13 |
0.14 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.29
|
0.15 |
0.14 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.61
|
5.33 |
7.39 |
LOCAL AGENCY FURTHER INFORMATION
TRADE PAYABLES DETAILS:
PARTICULARS
|
Rs.
In Millions 31.03.2012 |
Rs.
In Millions 31.03.2011 |
Rs.
In Millions 31.03.2010 |
|
Micro, Small and Medium Enterprises |
0.000 |
0.000 |
0.000 |
|
Others |
146.432
|
200.275 |
154.110 |
|
Total |
146.432
|
200.275 |
154.110 |
|
Sr. No. |
Check List by Info Agents |
Available in Report
(Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact
person |
No |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
-------- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details
(if applicable) |
No |
|
21] |
Market information |
---------------------- |
|
22] |
Litigations that the firm
/ promoter involved in |
---------------------- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
No |
|
25] |
Conduct of the banking
account |
---------------------- |
|
26] |
Buyer visit details |
---------------------- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if
available |
No |
|
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 |
No |
MANAGEMENT
DISCUSSION AND ANALYSIS
FINANCIAL AND
OPERATIONAL REVIEW
The Company has earned a gross income of Rs. 702.500 Millions for the
financial year 2011-12, as compared to Rs.706.000 Millions in the previous
year.
The profit before depreciation and tax for the year increased by 22% to
Rs.378.700 Millions as against Rs.310.200 Millions in the previous year. The
Company’s net profit for the year was marginally higher at Rs.236.100 Millions
as compared to Rs. 223.800 Millions in the previous year.
Depreciation during the year was at Rs.63.300 Millions as compared to
Rs. 57.100 Millions in the previous year. Return on Equity was maintained at
12.0%, same as previous year and Return on Capital Employed was at 16.7% as
compared to 14.7% in the previous year.
Earnings per share was Rs.15.64 as compared to Rs.14.82 in the previous
year.
RESOURCES AND
LIQUIDITY
The Company’s net worth as on 31st March, 2012 stood at Rs.2145.500
Millions, with paid-up capital of Rs.151.000 Millions and accumulated reserves
and surplus of Rs.1994.500 Millions as compared to net worth of Rs. 1975.100
Millions, with paid-up capital of Rs.151.000 Millions and accumulated reserves
and surplus of Rs. 1824.100 Millions as on 31st March, 2011.
INDUSTRY STRUCTURE
AND DEVELOPMENTS
The infrastructure sector mainly consists of assets and services such as
urban infrastructure, road transport, ports, airport and other utilities. India
remains a front runner in economic growth. The Indian economy is expected to
gain ground and the GDP growth rate is estimated at 7-8% in 2012-13. India has
huge potential to surge ahead provided focused policy measures are taken which
can enable infrastructure growth and development together.
OPPORTUNITIES
India is still in a transitory stage of development of its
infrastructure. Continuing its focus on infrastructure development, the
Government has proposed measures through its Union Budget 2012-13 which are
expected to maintain the growth momentum in the economy and help it continue
along its path of growth in the medium term.
OUTLOOK
The Company will continue to keep its focus in the infrastructure sector
and is confident of maintaining its growth rate.
UNAUDITED FINANCIAL
RESULTS FOR THE THIRD QUARTER / NINE MONTHS ENDED 31ST DECEMBER, 2012
Rs. In Millions
|
|
|
Quarter ended |
Nine months ended |
|
|
Sr No |
Particulars |
31.12.2012 |
30.09.2012 |
31.12.2012 |
|
1 |
Income from Operations |
2083.24 |
1917.74 |
569.405 |
|
2 |
Expenses : |
|
|
|
|
|
a) Employees Cost |
29.566 |
33.459 |
1,07.987 |
|
|
b) Stores and Spares Consumed |
3..034 |
3.611 |
8.266 |
|
|
c) Operating expenses |
25.278 |
24.942 |
73.421 |
|
|
d) Depreciation |
27.597 |
26.551 |
79.387 |
|
|
e) Other expenditure |
41.746 |
36.583 |
99.588 |
|
|
f) Total Expenditure { Total (a) to (e) } |
127.221 |
125.146 |
368.649 |
|
3 |
Profit from Operations before other income and finance costs (1 - 2) |
81.103 |
66.628 |
200.756 |
|
4 |
Other Income |
20.943 |
25.612 |
68.233 |
|
5 |
Profit from ordinary activities before finance costs (3 + 4) |
102.046 |
92.240 |
268.989 |
|
6 |
Finance Costs |
- |
- |
- |
|
7 |
Profit from ordinary activities before tax (5 - 6) |
102.046 |
92.240 |
268.989 |
|
8 |
Tax Expense |
|
|
|
|
|
a) Provision for Current Tax |
20.498 |
18.673 |
53.978 |
|
|
b) Provision for Deferred Tax |
18.728 |
12.504 |
37.897 |
|
9 |
Net Profit for the period (7 - 8) |
62.820 |
61.063 |
1,77.114 |
|
10 |
Paid-up Equity Share Capital Equity Shares of Rs. 10/- each |
151.000 |
151.000 |
151.000 |
|
11 |
Reserves excluding revaluation reserves as per Balance Sheet of previous accounting year |
|
|
|
|
12 |
Basic and Diluted Earnings per share (Face Value of Rs.10/-) |
4.16 |
4.04 |
11.73 |
|
|
PARTICULARS OF SHAREHOLDING |
|
|
|
|
13 |
Public Shareholding : |
|
|
|
|
|
a) Number of Shares (in lakh) |
82.40 |
82.40 |
82.40 |
|
|
b) Percentage of shareholding (%) |
54.57% |
54.57% |
54.57% |
|
14 |
Promoters and promoter group Shareholding |
|
|
|
|
|
a) Pledged / Encumbered |
Nil |
Nil |
Nil |
|
|
b) Non-Encumbered - Number of Shares (in lakh) |
68.60 |
68.60 |
68.60 |
|
|
- Percentage of shares (as a % of the total shareholding of Promoter and Promoter Group) |
100.00% |
100.00% |
100.00% |
|
|
- Percentage of shares (as a % of the total share capital of the company) |
45.43% |
45.43% |
45.43% |
Notes :
1. Figures for the corresponding periods have been restated, wherever necessary, to make them comparable.
2. The Company is mainly engaged in infrastructure activity. All activities of the Company revolve around this main activity of the Company. As such, there are no separate reportable segments as per Accounting Standard on Segment Reporting issued by Company (Accounting Standards) Rules, 2006.
3. The Company had revalued its plant and machinery comprising of transport facility and monitoring system for petrochemical products in earlier years. Consequent to revaluation, there is an additional charge for depreciation of Rs.2.564 Millions for the nine months ended 31st December, 2012 which has been withdrawn from Reserves. This has no impact on the profit for the nine months ended 31st December, 2012.
4. There was no investors' complaint pending as on 1st October, 2012. All the 9 complaints received during the quarter ended 31st December, 2012 were resolved and no complaint was outstanding as on 31st December, 2012.
5. The Audit Committee reviewed the above results. The Board of Directors at its Meeting held on 15th January, 2013, approved the above Results and its release. The Statutory Auditors of the Company have carried out a Limited Review of the results for the quarter ended 31st December, 2012.
AS PER WEBSITE
PRESS RELEASE
Tue, Sep 04, 2012 at
18:18
NO PLANS TO MERGE
RPOWER WITH RINFRA: ANIL AMBANI
Billionaire Anil Ambani today addressed the shareholders at the annual general meeting
of Reliance Power. In the meeting he told the share holders that the
company plans to invest over Rs.250000.000 Millions by 2020 in three large
hydro power projects in the country. Of the three projects, two will be in the
state of Arunanchal Pradesh and the third in Uttrakhand. He feels that with
this scale of investments, Reliance Power will be the largest hydro power
company in India.
Ambani also mentioned that there are no plans to merge Reliance Power with Reliance Infa . He also said that Reliance Power board mulls maiden dividend in next fiscal. The company will also comply with Sebi’s public shareholding norms.
The company has already invested Rs 50000.000 Millions in mining activity in Sasan. Ambani also said that all the power projects are ahead of the schedule.
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.54.43 |
|
|
1 |
Rs.83.20 |
|
Euro |
1 |
Rs.71.91 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Report Prepared
by : |
NTH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
8 |
|
PAID-UP CAPITAL |
1~10 |
8 |
|
OPERATING SCALE |
1~10 |
8 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
8 |
|
--PROFITABILIRY |
1~10 |
8 |
|
--LIQUIDITY |
1~10 |
8 |
|
--LEVERAGE |
1~10 |
8 |
|
--RESERVES |
1~10 |
8 |
|
--CREDIT LINES |
1~10 |
8 |
|
--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 |
YES |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
72 |
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.