|
Report Date : |
25.02.2013 |
IDENTIFICATION DETAILS
|
Name : |
IOT
INFRASTRUCTURE AND ENERGY SERVICES LIMITED (w.e.f. 01.12.2008) |
|
|
|
|
Formerly Known
As : |
INDIAN OILTANKING LIMITED |
|
|
|
|
Registered
Office : |
103, Spectra, Hiranandani Business Park, Powai, Mumbai – 400076,
Maharashtra |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
28.08.1996 |
|
|
|
|
Com. Reg. No.: |
11-102222 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.2327.892 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U23200MH1996PLC02222 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMI02683C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACI6794E |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
The company engaged into storage of oil and other liquids in
terminals. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (50) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 23334000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a joint venture between Indian Oil Corporation Limited, and
Oiltanking GmbH. It is a well established company having satisfactory track record.
Trade relations are reported as fair. Business is active. Payments are
reported to be regular and as per commitments. The company can be considered normal for business dealings at usual
trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
INFORMATION DENIED BY
|
Name : |
Mr. Prakash |
|
Designation : |
Office Executive |
|
Contact No.: |
91-22-66772705 |
|
Date : |
26.06.2012 |
LOCATIONS
|
Registered Office : |
103, Spectra, Hiranandani Business Park, Powai, Mumbai – 400076, Maharashtra,
India |
|
Tel. No.: |
91-22-66772700 |
|
Fax No.: |
91-22-66919599 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Branch Office: |
EPC : Plot No.15, IOT House, Ceat Tyre Road, Nahur (West), Mumbai –
400 078, Maharashtra, India |
|
Tel. No.: |
91-22-6719077/66772700 |
|
Fax No.: |
91-22-67702991/92/66919599/25706854 |
DIRECTORS
AS ON 21.09.2011
|
Name : |
Mr. Brij Mohan Bansal |
|
Designation : |
Director |
|
Address : |
837, Asias Village Complex, New Delhi - 110049, India |
|
Date of Birth/Age : |
04.01.1951 |
|
Date of Appointment : |
11.03.2010 |
|
DIN No : |
00142166 |
|
|
|
|
Name : |
Mr. S V Narasimhan |
|
Designation : |
Director |
|
Address : |
B835, Dhyachand Marg, Asias Village Complex, New Delhi – 110049, India
|
|
Date of Birth/Age : |
07.04.1951 |
|
Date of Appointment : |
27.07.2010 |
|
DIN No : |
00142132 |
|
|
|
|
Name : |
Mr. TC Venkat Subramaniam |
|
Designation : |
Director |
|
Address : |
804, Wailace App. Steater Road, Grant Road West, Mumbai – 400007,
Maharashtra, India |
|
Date of Birth/Age : |
30.10.1949 |
|
Date of Appointment : |
01.09.2010 |
|
DIN No : |
00040526 |
|
|
|
|
Name : |
Mr. Vinod Kumar Sharma |
|
Designation : |
Director |
|
Address : |
506, Suraj, New Vasudhara Co-Operative Housing Society, Thakur
Village, Kandivali (West), Mumbai, Maharashtra, India |
|
Date of Birth/Age : |
31.05.1944 |
|
Date of Appointment : |
01.09.2010 |
|
DIN No : |
00115426 |
|
|
|
|
Name : |
Mr. Arun Balkrishanan |
|
Designation : |
Director |
|
Address : |
A-12, Mayfair Gardens, little Gibbs Road, Malabar hill, Mumbai –
400006, Maharashtra, India |
|
Date of Birth/Age : |
25.07.1950 |
|
Date of Appointment : |
01.09.2010 |
|
DIN No : |
00130241 |
|
|
|
|
Name : |
Mr. Samir Kumar Barua |
|
Designation : |
Director |
|
Address : |
House No.421, Indian Institute of Management, Ahmedabad – 380015, Gujarat,
India |
|
Date of Birth/Age : |
23.09.1951 |
|
Date of Appointment : |
01.09.2010 |
|
DIN No : |
00211077 |
|
|
|
|
Name : |
Mr. Shyam Sundar Suri |
|
Designation : |
Director |
|
Address : |
601/602, Oyster Shel, Juhu Tara Road, Juhu, Mumbai – 400049,
Maharashtra, India |
|
Date of Birth/Age : |
13.10.1949 |
|
Date of Appointment : |
01.09.2010 |
|
DIN No : |
00410766 |
|
|
|
|
Name : |
Mr. Ruthger Cornelis Van Thiel |
|
Designation : |
Director |
|
Address : |
Neuter Wall 48, 20354, |
|
Date of Birth/Age : |
31.01.1964 |
|
Date of Appointment : |
01.09.2010 |
|
DIN No : |
03199912 |
|
|
|
|
Name : |
Mr. Padamanbhai Sugavanam |
|
Designation : |
Director |
|
Address : |
119, Block A, Vijay Cascades, thimmarayappa Garden, 3rd
Main, 11th Cross, Bangalore, Karnataka, India |
|
Date of Birth/Age : |
03.01.1964 |
|
Date of Appointment : |
01.09.2010 |
|
DIN No : |
03229120 |
|
|
|
|
Name : |
Mr. Jayanta Bhuyan |
|
Designation : |
Managing Director |
|
Address : |
902, Sovereign, Hiranandani Gardens, Powai, Mumbai, Maharashtra, India |
|
Date of Birth/Age : |
29.01.1951 |
|
Date of Appointment : |
28.08.1996 |
|
DIN No : |
00190051 |
|
|
|
|
Name : |
Mr. Aart Villiam Lokhorst |
|
Designation : |
Director |
|
Address : |
OP, De Buit, 43, 2120, Seevetal, Germany |
|
Date of Birth/Age : |
26.07.1944 |
|
Date of Appointment : |
01.10.1996 |
|
Date of Ceasing : |
31.03.2011 |
|
DIN No : |
00532280 |
|
|
|
|
Name : |
Mr. R Narayanan |
|
Designation : |
Director |
|
Address : |
650, Alsad Village Complex, New Delhi-110049, India |
|
Date of Birth/Age : |
23.08.1951 |
|
Date of Appointment : |
18.09.2009 |
|
Date of Ceasing : |
27.09.2011 |
|
DIN No : |
00803486 |
|
|
|
|
Name : |
Mr. Ravindra Kumar Narang |
|
Designation : |
Director |
|
Address : |
X-12, Hauz Khas, New Delhi, India |
|
Date of Birth/Age : |
21.01.1939 |
|
Date of Appointment : |
28.08.1996 |
|
Date of Ceasing : |
11.04.1997 |
|
|
|
|
Name : |
Mr. Srinivasa Raghavan |
|
Designation : |
Director |
|
Address : |
Sterling Apartment, Peddar Road, Mumbai, Maharashtra, India |
|
Date of Birth/Age : |
15.07.1943 |
|
Date of Appointment : |
28.08.1996 |
|
Date of Ceasing : |
18.12.1996 |
|
|
|
|
Name : |
Mr. Shiv Narain Mathur |
|
Designation : |
Director |
|
Address : |
39, Bally Gunge, Circular Road, Kolkata – 700019, West Bengal, India |
|
Date of Birth/Age : |
23.09.1945 |
|
Date of Appointment : |
28.08.1996 |
|
Date of Ceasing : |
20.11.2001 |
|
|
|
|
Name : |
Mr. Chittranjan Dua |
|
Designation : |
Director |
|
Address : |
5-C, Sagar Apartment, Tilak Nagar, New Delhi – 110001, India |
|
Date of Birth/Age : |
03.11.1951 |
|
Date of Appointment : |
28.08.1998 |
|
Date of Ceasing : |
01.10.1996 |
|
|
|
|
Name : |
Mr. Munish Sharma |
|
Designation : |
Director |
|
Address : |
27, Supreme Enclave, Mayur Vihar Phase –I, New Delhi – 110091, India |
|
Date of Birth/Age : |
19.09.1962 |
|
Date of Appointment : |
28.08.1996 |
|
Date of Ceasing : |
01.10.1996 |
|
|
|
|
Name : |
Mr. Rahul Sood |
|
Designation : |
Director |
|
Address : |
1682, Sector 29, Noida – 201303, Uttar Pradesh, India |
|
Date of Birth/Age : |
13.04.1969 |
|
Date of Appointment : |
28.08.1996 |
|
Date of Ceasing : |
01.10.1996 |
|
|
|
|
Name : |
Ms. Saguna Batra |
|
Designation : |
Director |
|
Address : |
TT/B-18, Lajpat Nagar, New Delhi – 110024, India |
|
Date of Birth/Age : |
12.02.1969 |
|
Date of Appointment : |
28.08.1996 |
|
Date of Ceasing : |
01.10.1996 |
|
|
|
|
Name : |
Mr. Raphael Steenbergen |
|
Designation : |
Director |
|
Address : |
Eyloschiaan 12, B 9070 Destelbegew, Belgium |
|
Date of Birth/Age : |
30.08.1940 |
|
Date of Appointment : |
01.10.1996 |
|
Date of Ceasing : |
03.07.1997 |
|
|
|
|
Name : |
Mr. Alampallam Swethranyam Mani |
|
Designation : |
Director |
|
Address : |
4E, Palmtree, 23, Palmgrove Road, Victoria Layout, Bangalore – 560047,
Karnataka, India |
|
Date of Birth/Age : |
03.01.1933 |
|
Date of Appointment : |
01.10.1996 |
|
Date of Ceasing : |
12.05.2002 |
|
|
|
|
Name : |
Mr.Hellmuth Weisser |
|
Designation : |
Director |
|
Address : |
Oesterleystrasse, 72 22587, Hamburg, Germany |
|
Date of Birth/Age : |
19.05.1947 |
|
Date of Appointment : |
01.10.1996 |
|
Date of Ceasing : |
12.11.2003 |
|
|
|
|
Name : |
Mr. Ajit Kumar Sinhna |
|
Designation : |
Director |
|
Address : |
P 58, B Dr Sarat Banerjee Road, Kolkata – 700029, West Bengal, India |
|
Date of Birth/Age : |
16.03.1948 |
|
Date of Appointment : |
18.12.1996 |
|
Date of Ceasing : |
20.11.2001 |
|
|
|
|
Name : |
Mr. Mohhamad Asad Pathan |
|
Designation : |
Director |
|
Address : |
K 99, Haus Khas Enclave, New Delhi, India |
|
Date of Birth/Age : |
09.03.1942 |
|
Date of Appointment : |
11.04.1997 |
|
Date of Ceasing : |
09.07.2002 |
|
|
|
|
Name : |
Mr. Suresh Chand Mathur |
|
Designation : |
Director |
|
Address : |
F 41, Green Park New Delhi – 110016, Delhi, India |
|
Date of Birth/Age : |
25.07.1940 |
|
Date of Appointment : |
03.07.1997 |
|
Date of Ceasing : |
11.06.1998 |
|
|
|
|
Name : |
Mr. Onkar Nath Marwaha |
|
Designation : |
Director |
|
Address : |
D/2, Rashmi, 11 Carmichal road Mumbai
- 400026, Maharashtra, India |
|
Date of Birth/Age : |
16.10.1941 |
|
Date of Appointment : |
11.06.1998 |
|
Date of Ceasing : |
20.11.2001 |
|
|
|
|
Name : |
Mr. Praveen Kumar Agrawal |
|
Designation : |
Director |
|
Address : |
Rashmi, 2nd Floor, Carmichal road Mumbai - 400026, Maharashtra, India |
|
Date of Birth/Age : |
20.07.1945 |
|
Date of Appointment : |
20.11.2001 |
|
Date of Ceasing : |
12.11.2003 |
|
|
|
|
Name : |
Mr. Padmanabhan Sugavanam |
|
Designation : |
Director |
|
Address : |
C-370, Defence Colony, New Delhi, India |
|
Date of Birth/Age : |
03.06.1945 |
|
Date of Appointment : |
20.11.2001 |
|
Date of Ceasing : |
07.18.2005 |
|
|
|
|
Name : |
Mr. Madras Seshamani Ramachanran |
|
Designation : |
Director |
|
Address : |
X-12, Haus Khas, New Delhi – 110016, India |
|
Date of Birth/Age : |
26.02.1945 |
|
Date of Appointment : |
20.11.2001 |
|
Date of Ceasing : |
05.12.2005 |
|
|
|
|
Name : |
Mr. Arvind Murlidhar Uplenchwar |
|
Designation : |
Director |
|
Address : |
639, Maruti Mane Block, Asaid Village, New Delhi – 110049, India |
|
Date of Birth/Age : |
16.07.1947 |
|
Date of Appointment : |
07.09.2002 |
|
Date of Ceasing : |
05.12.2002 |
|
|
|
|
Name : |
Mr. Naresh Kumar Nayyar |
|
Designation : |
Director |
|
Address : |
S 320, Greater Kailash II, New Delhi – 110048, India |
|
Date of Birth/Age : |
26.03.1952 |
|
Date of Appointment : |
05.12.2002 |
|
Date of Ceasing : |
25.02.2003 |
|
|
|
|
Name : |
Mr. Manohar Gopal Bhide |
|
Designation : |
Director |
|
Address : |
A/5, Bageshree Shankar Ghanekar Marg, Prabhadevi, Mumbai – 400025,
Maharashtra, India |
|
Date of Birth/Age : |
14.12.1939 |
|
Date of Appointment : |
12.05.2002 |
|
Date of Ceasing : |
27.07.2010 |
|
|
|
|
Name : |
Mr. Arvind Murlidhar Uplenchwar |
|
Designation : |
Director |
|
Address : |
639, Maruti Mane Block, Asaid Village, New Delhi – 110049, India |
|
Date of Birth/Age : |
16.07.1947 |
|
Date of Appointment : |
25.02.2003 |
|
Date of Ceasing : |
31.08.2007 |
|
|
|
|
Name : |
Mr. N G Kannan |
|
Designation : |
Director |
|
Address : |
B 836, Asiad Village Complex, New Delhi – 110049, India |
|
Date of Birth/Age : |
06.08.1946 |
|
Date of Appointment : |
11.12.2003 |
|
Date of Ceasing : |
25.09.2006 |
|
|
|
|
Name : |
Mr. Pieter Antony Floors |
|
Designation : |
Director |
|
Address : |
Markusstrasse, 1520355, Germany |
|
Date of Birth/Age : |
24.11.1955 |
|
Date of Appointment : |
11.12.2003 |
|
Date of Ceasing : |
28.10.2004 |
|
|
|
|
Name : |
Mr. Swaranjit Singh Soni |
|
Designation : |
Director |
|
Address : |
Never Wall, 48, 20354, Germany |
|
Date of Birth/Age : |
13.11.1962 |
|
Date of Appointment : |
28.10.2004 |
|
Date of Ceasing : |
27.07.2010 |
|
|
|
|
Name : |
Mr. Sarthak Behuria |
|
Designation : |
Director |
|
Address : |
F-32, A-1, Altamount, Road, Mumbai -400026, Maharashtra, India |
|
Date of Birth/Age : |
03.02.1952 |
|
Date of Appointment : |
12.05.2005 |
|
Date of Ceasing : |
11.03.2010 |
|
|
|
|
Name : |
Mr. Praveen Kumar Goyal |
|
Designation : |
Director |
|
Address : |
27/303, East End Apartment, Mayur Vihar, Extension Phase, New Delhi –
110096, India |
|
Date of Birth/Age : |
08.03.1954 |
|
Date of Appointment : |
05.04.2006 |
|
Date of Ceasing : |
31.10.2007 |
|
|
|
|
Name : |
Mr. Gayan Chand Daga |
|
Designation : |
Director |
|
Address : |
Rashmi, Carmichal Road, Mumbai
- 400026, Maharashtra, India |
|
Date of Birth/Age : |
09.08.1951 |
|
Date of Appointment : |
25.09.2006 |
|
Date of Ceasing : |
27.07.2010 |
|
|
|
|
Name : |
Mr. Satish Chand Jain |
|
Designation : |
Director |
|
Address : |
A-113, Sector – 55, Noida – 201301, Uttar Pradesh, India |
|
Date of Appointment : |
31.10.2007 |
|
Date of Ceasing : |
18.09.2009 |
|
|
|
|
Name : |
Mr. Basvaraj Ningappa Bankapur |
|
Designation : |
Director |
|
Address : |
B-836, Asiad Village Complex, New Delhi – 110049, India |
|
Date of Appointment : |
31.10.2007 |
|
Date of Ceasing : |
18.09.2009 |
|
|
|
|
Name : |
Mr. Akhoury Manoj Kumar Sinha |
|
Designation : |
Director |
|
Address : |
836, Asiad Village Complex, New Delhi – 110049, India |
|
Date of Birth/Age : |
08.01.1954 |
|
Date of Appointment : |
18.09.2009 |
|
Date of Ceasing : |
27.07.2011 |
|
|
|
|
Name : |
Mr. Ranbir Singh Butola |
|
Designation : |
Director |
|
Address : |
B-2/2277, Vasant Kunj, New Delhi – 110070, India |
|
Date of Birth/Age : |
05.05.1954 |
|
Date of Appointment : |
11.03.2011 |
|
|
|
|
Name : |
Mr. Franz Christian Wolfgong Flach |
|
Designation : |
Director |
|
Address : |
Wischholf 17, Sereetz - 23611 |
|
Date of Birth/Age : |
09.01.1968 |
|
Date of Appointment : |
31.03.2011 |
|
|
|
|
Name : |
Mr. Praveen Kumar Goyal |
|
Designation : |
Director |
|
Address : |
27/303, East End Apartment, Mayur Vihar, Expansion Phase I, New Delhi
110096, India |
|
Date of Birth/Age : |
03.08.1954 |
|
Date of Appointment : |
12.05.2011 |
|
Date of Ceasing : |
29.09.2011 |
|
|
|
|
Name : |
Mr. Sudhir Bhalla |
|
Designation : |
Director |
|
Address : |
56, Manu Apartment, Mayur Vihar, New Delhi 110091, India |
|
Date of Birth/Age : |
03.09.1956 |
|
Date of Appointment : |
27.09.2011 |
|
|
|
|
Name : |
Mr. Vijay Kumar Gupta |
|
Designation : |
Director |
|
Address : |
V-33, Green Park, Delhi – 110016, India |
|
Date of Birth/Age : |
04.06.1954 |
|
Date of Appointment : |
27.09.2011 |
KEY EXECUTIVES
|
Name : |
Mr. Jatin Jamndas Mavani |
|
Designation : |
Secretary |
|
Address : |
B-602, |
|
Date of Birth/Age : |
22.09.1958 |
|
Date of Appointment : |
11.04.1997 |
|
PAN No : |
AAHPM7153R |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 21.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Indian Oil Corporation Limited, India |
|
116142853 |
|
Oiltanking |
|
116142851 |
|
Jayanta Bhuyan (As a Nominee of Oiltanking India GmbH) |
|
1 |
|
Jatin Mavani (As a Nominee of Oiltanking India GmbH) |
|
1 |
|
G C Daga (As a Nominee of Oiltanking India GmbH) |
|
1 |
|
R S Butola (As a Nominee of Oiltanking India GmbH) |
|
1 |
|
Girjesh Srivastava |
|
1 |
|
C R Kalyanasudarshan |
|
1 |
|
Sarthak Behuria |
|
19400 |
|
Arvind Uplenchwar |
|
19500 |
|
Gyan daga |
|
11400 |
|
Parveen Goyal |
|
12300 |
|
Dinendra Biswas |
|
7740 |
|
Suresh Prakash |
|
10380 |
|
Sunil Dongare |
|
5760 |
|
Poonam Burman |
|
11000 |
|
Rentala Ravi Kumar |
|
34500 |
|
Jayanta Bhuyan |
|
250000 |
|
Jatin Mavani |
|
62550 |
|
G S K Masud |
|
102625 |
|
M Aishswamy |
|
43500 |
|
Shambhu Nath Jha |
|
25750 |
|
Sanjay Dawar |
|
32100 |
|
Jathavedan Nampoothiri |
|
8940 |
|
Sankar Prasad Saha |
|
6000 |
|
Prakash Kumar Sinha |
|
13250 |
|
Sunil Kumar Mital |
|
8400 |
|
Laxman Kumar Sharma |
|
8400 |
|
Anand Laxminarayan |
|
5250 |
|
S C Mittal |
|
8400 |
|
Subir Mandal |
|
8400 |
|
Sathasivan Sankaran |
|
8400 |
|
Himanshu Mohapatta |
|
8400 |
|
Anil Taparia |
|
25200 |
|
Total |
|
233043255 |
LIST OF ALLOTTEES AS ON 27.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Jatin Mavani |
|
15750 |
|
Jayanta Bhuyan |
|
140000 |
|
Sanjay Davar |
|
8400 |
|
Anand Lakshminarayan |
|
5250 |
|
S C Mittal |
|
8400 |
|
GSK Masud |
|
17500 |
|
M Aiyaswamy |
|
8400 |
|
Subir Mandal |
|
8400 |
|
Sathasivan Sankaran |
|
8400 |
|
Himanshu Mohapatra |
|
8400 |
|
Total |
|
228900 |
LIST OF ALLOTTEES AS ON 15.05.2012
|
Names of Shareholders |
|
No. of Shares |
|
Jatin Mavani |
|
15750 |
|
Yogesh Anil Kaskheddikar |
|
1000 |
|
Himanshu Mohapatra |
|
8400 |
|
Sathasivan Sankaran |
|
8400 |
|
Aloysius Pais |
|
5250 |
|
Shambhu Nath Jha |
|
17500 |
|
Sanjay Mandal |
|
8400 |
|
Subir Mandal |
|
8400 |
|
Sujoy Kumar Das |
|
5250 |
|
Total |
|
78350 |
AS ON 21.09.2011
|
Category |
Percentage |
|
Government
Companies |
49.84 |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s),
Non-resident Indian(s) or Overseas Corporate bodies or Others |
49.84 |
|
Directors or relatives of Directors |
0.11 |
|
Other top fifty shareholders |
0.21 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The company engaged into storage of oil and other liquids in
terminals. |
GENERAL INFORMATION
|
No. of Employees : |
Not Divulged |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Bankers : |
· State Bank of India, Corporate Accounts Group, Neville House, Ballard Estate, Mumbai - 400001, Maharashtra, India ·
Standard Chartered Bank, 90, M G Road, Fort,,
Mumbai - 400001, Maharashtra, India |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Lodha and Company Chartered Accountant |
|
Address : |
6, Karim Chambers, 40 A Doshi Marg, Mumbai – 400023, |
|
|
|
|
Joint Ventures: |
· Zuari Indian Oiltanking Limited (ZIOTL) · IndianOil Skytanking Ltd, (IOSL) ·
IOT Mabagas Limited |
|
|
|
|
Subsidiaries : |
CIN NO.: L28999WB1937PLC009099
CIN NO.: U74200MH2007PLC170617
CIN NO.: U74200MH2007PLC173770
CIN NO.: U29199GJ1998PLC034128
CIN NO.: U45208OR2009PLC011389
CIN NO.: U45204MH2010PTC200970
|
CAPITAL STRUCTURE
AS ON 21.09.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
233043255 |
Equity Shares |
Rs.10/- each |
Rs.2330.432 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
233043255 |
Equity Shares |
Rs.10/- each |
Rs.2330.432 Millions |
|
|
|
|
|
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000000 |
Equity Shares |
Rs.10/- each |
Rs.5000.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
232789155 |
Equity Shares |
Rs.10/- each |
Rs.2327.892
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 |
2327.892 |
2323.832 |
2323.832 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
3505.506 |
2397.161 |
1921.614 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
5833.398 |
4720.993 |
4245.446 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
1679.990 |
3079.709 |
3104.067 |
|
|
2] Unsecured Loans |
625.319 |
917.025 |
958.113 |
|
|
TOTAL BORROWING |
2305.309 |
3996.734 |
4062.180 |
|
|
DEFERRED TAX LIABILITIES |
323.206 |
371.002 |
374.229 |
|
|
|
|
|
|
|
|
TOTAL |
8461.913 |
9088.729 |
8681.855 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
2974.278 |
2946.667 |
2952.283 |
|
|
Capital work-in-progress |
389.957 |
274.583 |
242.703 |
|
|
|
|
|
|
|
|
INVESTMENT |
3480.659 |
1464.389 |
1434.449 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
74.951
|
89.859
|
47.727 |
|
|
Sundry Debtors |
1136.679
|
936.017
|
1005.122 |
|
|
Cash & Bank Balances |
253.067
|
10.878
|
19.574 |
|
|
Other Current Assets |
5676.016
|
7312.497
|
5637.837 |
|
|
Loans & Advances |
793.113
|
477.482
|
720.560 |
|
Total
Current Assets |
7933.826
|
8826.733
|
7430.820 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
4897.954
|
3744.264
|
2893.017 |
|
|
Other Current Liabilities |
1251.971
|
561.908
|
389.217 |
|
|
Provisions |
166.882
|
117.471
|
96.166 |
|
Total
Current Liabilities |
6316.807
|
4423.643
|
3378.400 |
|
|
Net Current Assets |
1617.019
|
4403.090
|
4052.420 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
8461.913 |
9088.729 |
8681.855 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
11874.635 |
9700.416 |
9997.232 |
|
|
|
Other Income |
836.272 |
493.476 |
408.748 |
|
|
|
TOTAL (A) |
12710.907 |
10193.892 |
10405.980 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Consumption materials changes inventories |
0.182 |
(0.182) |
0.000 |
|
|
|
Manufacturing Services Cost |
9907.607 |
8333.144 |
8624.778 |
|
|
|
Employee Related Expenses |
246.601 |
210.396 |
180.789 |
|
|
|
Administrative Selling other expenses |
434.528 |
361.581 |
338.989 |
|
|
|
TOTAL (B) |
10588.918 |
8904.939 |
9144.556 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
2121.989 |
1288.953 |
1261.424 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
215.038 |
345.553 |
342.380 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
1906.951 |
943.400 |
919.044 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
238.132 |
227.179 |
212.316 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
1668.819 |
716.221 |
706.728 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
562.503 |
240.674 |
253.001 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
1106.316 |
475.547 |
453.727 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
1719.530 |
1243.983 |
830.256 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
0.000 |
0.000 |
40.000 |
|
|
BALANCE CARRIED
TO THE B/S |
2825.846 |
1719.530 |
1243.983 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
NA |
177.771 |
261.399 |
|
|
TOTAL EARNINGS |
NA |
177.771 |
261.399 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Capital Goods |
NA |
4.551 |
200.436 |
|
|
|
Constructions Materials and Related Expenses |
NA |
874.458 |
863.423 |
|
|
TOTAL IMPORTS |
NA |
879.009 |
1063.859 |
|
|
|
|
|
|
|
|
|
|
Earnings Per Share
(Rs.) |
4.76 |
2.05 |
1.95 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
8.70
|
4.67
|
4.36 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
14.05
|
7.38
|
7.07 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
15.30
|
6.09
|
6.81 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.29
|
0.15
|
0.17 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.48
|
1.78
|
1.75 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.26
|
1.99
|
2.19 |
LOCAL AGENCY FURTHER INFORMATION
|
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 |
Yes |
|
10) Designation of contact person |
Yes |
|
11) Turnover of firm for last three years |
Yes |
|
12) Profitability for last three years |
Yes |
|
13) Reasons for variation <> 20% |
-- |
|
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 |
Yes |
|
25) Conduct of the banking account |
-- |
|
26) Buyer visit details |
-- |
|
27) Financials, if provided |
Yes |
|
28) Incorporation details, if applicable |
Yes |
|
29) Last accounts filed at ROC |
No |
|
30) Major Shareholders, if available |
Yes |
NOTE:
The registered office address of the company has been shifted from
Navghar Dronagirinode NH-4B, Navi Mumbai – 400707,
OVERVIEW OF THE
ECONOMY
Financial year 2011 began with a sharp and broad-based recovery of the Indian economy backed by robust consumption, increased investment demand, thrust in infrastructure spending and fiscal prudence undertaken by the government to propel the investment momentum. Even as macro-economic numbers continued to display a strong performance during the year, they were marked by volatility primarily driven by global cues and policy responses to cater to inflation. The volatility was strongly evident in the FII flows, exchange rates, stock market indices and data for industrial production.
Political unrest in Egypt and Libya followed by protests in Middle East countries led to a spike in international crude prices, aggravating inflationary pressures. Given the unabated rise in inflation, the RBI resorted to aggressive monetary policy tightening. Consequently, many banks raised their deposit and lending rates.
High Oil prices could inflate the petroleum and fertilizer subsidy bill and put pressure on the country's fiscal deficit. Overall Petroleum consumption is growing at a healthy rate riding on high growth in consumption of transportation fuels. Continuing under recoveries on Diesel, LPG and Kerosene are putting pressure on the balance sheets of PSU Oil Companies and rendering the future of private retailers uncertain.
Despite improving global economic prospects and robust recovery of the Indian economy, the FDI inflows have largely remained muted owing to a confluence of factors such as the recent spurt in corruption cases, procedural delays, environmental policy issues, comparatively higher inflation and global issues such as debt crisis in the European region.
In spite of the impediments, Indian economy is expected to continue its march on its high growth trajectory and is projected to grow at 8 8.5% during the year 2011-12. Significant investments in Oil and Gas and other infrastructure sectors such as Power, Ports, Roads and Airports are expected in order to cater to the requirements of growing Indian economy.
BUSINESS
Towards garnering the large scale opportunities in the growing sectors of the economy, IOT has entered the Renewable Energy business and has also set up independent Business Units for Power as well as Civil Infrastructure during the year, in addition to accelerating the growth of the existing Terminalling, Engineering, Procurement and Construction Services (EPC) and Upstream Services Businesses. Their total consolidated Revenue and Profit Before Tax, before elimination of intra-group EPC Boot transactions, achieved a CAGR of 36% and 58% respectively over the five year period from 2007 to 2011.
ENGINEERING
PROCUREMENT AND CONSTRUCTION (EPC)
Their EPC Business provides integrated engineering, procurement and construction services primarily to the oil and gas sector, as well as power, infrastructure, steel and cement sectors. Their portfolio of completed EPC projects includes petroleum product storage projects providing over three million kiloliters of storage, 243 kilometers of cross-country petroleum product pipelines, utilities and offsites for refineries, aviation fuel handling systems, LPG storage and bottling facilities, heavy erection work in the power, petrochemical and cement industries, as well as crude oil treatment facilities.
Their EPC Order Book has grown from Rs. 3000.000 Millions as of March 31, 2006 to Rs. 30000.000 Millions as of March 31, 2011, which represents a CAGR of 59%. For the year ended March 31, 2007 to the year ended March 31, 2011, revenues and EBIT from their EPC Business grew at a CAGR of 34% and 62% respectively.
They have developed core competencies in project management, design optimization and large-scale procurement and have further captured a significant portion of the EPC value chain through their execution expertise in construction services.
To supplement the business prospects in the oil and gas sector, which is the mainstay of their current EPC portfolio, a need was recognized to strengthen their presence in other prospering sectors like Power, Infrastructure and Fertilizers. Accordingly, separate divisions were created within the EPC SBU for focused entry in Civil Infra and Power EPC projects.
Brownfield expansions planned in the Refinery and Petrochemical sector, revamp of upstream facilities in Oil and Gas in India, Middle East, Africa and South East Asia form a significant part of the bid pipeline. Moreover, the proposed resitement of marketing terminals from urban locations is likely to generate significant opportunities in EPC of Terminals where the Company has proven best-in-class capabilities. Positive indications of deregulation of the fertilizer industry and fresh allotment of gas is likely to generate new opportunities in India. Rebuilding of Oil
and gas assets in Iraq, Libya and Egypt is also expected to bring new opportunities.
The EPC business sees huge potential in the Infrastructure and Power sectors in India. IOTs competency in construction of power plants and civil infrastructure in the oil and gas sector enables an entry into executing complete power plants on EPC basis and undertaking major infrastructure projects.
Power
The targeted 178.7 GW capacity additions under the XI and XII Five Year Plans, coupled with a facilitating and enabling policy regime are expected to provide significant business opportunities. The Power Division will focus on EPC of power projects as well as large value composite construction works in the Power Sector, initially in the thermal power segment. Parallely, the focus will be on strengthening of critical capabilities through alliance or acquisition route for entry into other power segments.
Civil and
Infrastructure Division
The ambitious Budget outlay on infrastructure including further stress on PPPs (Public Private Partnership) coupled with the policy changes aimed to facilitate increased flow of capital to infrastructure projects translates into new opportunities for companies specializing in Infrastructure.
The dedicated Civil and Infrastructure Division initially supporting the EPC SBU and also focusing on external clients is working to tap opportunities in the civil and infrastructure space.
Projects under
execution
They are currently executing on a BOOT basis, the contract for building Terminalling and allied facilities at Indian Oils upcoming Paradip Refinery. Their current Order Book of over Rs. 30000.000 Millions includes projects for Cairn, ISPRL, Petronet LNG, Oiltanking Odjfell and other oil majors. In the power segment they are executing projects for Reliance, Doosan, Samsung, Shandong, China and Technoprom, Russia.
TERMINALLING
They are a leading independent terminalling company in India providing services to major oil companies in India such as IOC, ONGC, HPC, BPC, OIL, Essar, HMEL and Shell. Their Terminalling Business provides independent tank terminalling services for the receipt, storage, dispatch and handling of crude oil and petroleum products. They are also engaged in bottling of LPG and de-watering of crude oil and provide fuel farm operations as well as into-plane services at the Bangalore International Airport and at the Delhi International Airport Terminal 3.
Their ability to offer their customers a variety of ownership and operational business models such as BOOT, BOO, BO and O and M by combining their competencies in terminal operation and EPC services has enabled them to grow their operations to 17 terminals with over 2 million kiloliters of storage capacity. During the year, they added HPCL Mittal Pipelines to their O and M customer list. They currently own and operate three of their terminals on an open access basis. The Paradip Refinery Crude oil and Petroleum products Terminal which is being developed on BOOT basis is expected to commence operations by January 2012. For the five year period from 2007 to 2011, the revenues and EBIT from the Terminalling Business grew at a CAGR of 34% and 17% respectively.
FORM 8:
|
Corporate identity number of the company |
U23200MH1996PLC102222 |
|
Name of the company |
IOT INFRASTRUCTURE AND ENERGY SERVICES
LIMITED |
|
Address of the registered office or of the
principal place of business in |
103, Spectra, Hiranandani Business Park,
Powai, Mumbai – 400076, Maharashtra, India |
|
This form is for |
Creation of charge Modification of charge |
|
Type of charge |
Book Debts Movable Property Immovable Property |
|
Particular of charge holder |
STATE BANK OF INDIA |
|
Nature of instrument creating charge |
Seventh Supplemental Agreement of hypothecation
of goods and assets for increase in the overall limit. |
|
Date of instrument Creating the charge |
06/07/2011 |
|
Amount secured by the charge |
Rs.13170.000 Millions |
|
Brief of the principal terms an conditions
and extent and operation of the charge |
Rate of Interest Cash credit/working capital demand loan -
4.15% above Base Rate with monthly rests Letters of credit/Bank guarantee - As per
arrangement Terms of Repayment Working capital facilities subject to annual
renewal. Margin Raw materials/WIP/Finished goods - 25% Receivable (upto 180 days) 25% Extent and Operation of the charge First charge on the current assets and
second charge over the fixed assets for the working capital facility of Rs.
12520.000 Millions and second charge on the current assets for the Corporate
loan facility of Rs. 650.000 Millions. |
|
Short particulars of the property charged |
Entire current assets of the Company including
inventories, book debts, WIP and second charge on the fixed assets of the
Company situated at various projects. |
|
Date of instrument modifying the charge |
10/02/2010 |
|
Particulars of the present modification |
Enhancement of the Working Capital
Facility from Rs. 10525.000 Millions to Rs. 12520.000 Millions and
continuation of existing Corporate Loan of Rs. 650.000 Millions. |
FIXED ASSETS
CMT REPORT (Corruption, Money Laundering and 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 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.54.43 |
|
|
1 |
Rs.83.20 |
|
Euro |
1 |
Rs.71.91 |
INFORMATION DETAILS
|
Information
Gathered by : |
JML |
|
|
|
|
Report Prepared
by : |
SDA |
SCORE and RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
50 |
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 and operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
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.