1. Summary Information
|
|
|
Country |
|
|
Company Name |
ENGINEERS INDIA
LIMITED |
Principal Name 1 |
Mr. A. K. Purwaha |
|
Status |
Excellent |
Principal Name 2 |
Mr. D. Moudgil |
|
|
|
Registration # |
-- |
|
Street Address |
Engineers |
||
|
Established Date |
15.03.1965 |
SIC Code |
-- |
|
Telephone# |
91-11-26102121/
26101419 |
Business Style 1 |
Provides engineering and related technical services for petroleum
refineries |
|
Fax # |
91-11-26178210 |
Business Style 2 |
- |
|
Homepage |
Product Name 1 |
-- |
|
|
# of employees |
3450 (Approximately) |
Product Name 2 |
-- |
|
Paid up capital |
Rs.1684,684,000/- |
Product Name 3 |
-- |
|
Shareholders |
Promoter and Promoter Group (80.40 %) Public shareholding (19.60 %) |
Banking |
Indian Overseas Bank |
|
Public Limited Corp. |
YES |
Business Period |
48 years |
|
IPO |
YES |
International Ins. |
- |
|
Public |
YES |
Rating |
Aa (76) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Associates |
India |
Petroleum India International |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
27,893,202,000 |
Current Liabilities |
5,872,332,000 |
|
Inventories |
8,173,000 |
Long-term Liabilities |
00,000 |
|
Fixed Assets |
530,953,000 |
Other Liabilities |
13,127,835,000 |
|
Deferred Assets |
2,142,591,000 |
Total Liabilities |
19,000,167,000 |
|
Invest& other Assets |
6,865,699,000 |
Retained Earnings |
16,755,767,000 |
|
|
|
Net Worth |
18,440,451,000 |
|
Total Assets |
37,440,618,000 |
Total Liab. & Equity |
37,440,618,000 |
|
Total Assets (Previous Year) |
34,444,067,000 |
|
|
|
P/L Statement as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Sales |
36,988,243,000 |
Net Profit |
6,363,153,000 |
|
Sales(Previous yr) |
28,232,844,000 |
Net Profit(Prev.yr) |
5,225,194,000 |
MIRA
INFORM REPORT
|
Report Date : |
04.03.2013 |
IDENTIFICATION DETAILS
|
Name : |
ENGINEERS INDIA LIMITED |
|
|
|
|
Registered
Office : |
Engineers |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
15.03.1965 |
|
|
|
|
Com. Reg. No.: |
55-004352 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 1684.684 millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
L74899DL1965GOI004352 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELE00048G |
|
|
|
|
Legal Form : |
A Public Limited Liability Company. The Company’s Shares are Listed on
the Stock Exchange. |
|
|
|
|
Line of Business
: |
Provides engineering and related technical services for petroleum
refineries, oil and gas pipelines, petrochemical industries, chemical process
plants and other industrial projects. |
|
|
|
|
No. of Employees
: |
3450 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Aa (76) |
|
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 157200000 |
|
|
|
|
Status : |
Excellent |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an old and well established reputed company having
excellent track record. It is working under the administrative control of
Ministry of Petroleum and Natural Gas, Government of India. It has recorded a
better increase in its sales turnover and profitability during the year 2012.
Financial position of the company appears to be sound. Directors are
reported as well experienced and knowledgeable people. Trade relations are reported as praiseworthy. Business is active.
Payments are reported to be regular and as per commitments. The company can be considered
excellent for any business dealings at usual trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
|
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
|
Source
: CIA |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
AAA (Long Term Bank Facilities) |
|
Rating Explanation |
Having highest degree of safety regarding timely servicing of
financial obligation. It carry lowest credit risk. |
|
Date |
January 2012 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
LOCATIONS
|
Registered/ Head Office : |
Engineers India Bhawan, 1, Bhikaji Cama Place, New Delhi – 110066,
India |
|
Tel. No.: |
91-11-26102121/ 26101419/ 2610 4132/ 26762121 |
|
Fax No.: |
91-11-26178210/ 26187902/ 2619 4760/ 26194715 |
|
E-Mail : |
company.secretary@eil.co.in |
|
Website : |
|
|
|
|
|
Regional Office 1 : |
A.G. Towers (5th Floor), 125/1, Park
Street, Kolkata – 700017, West Bengal, India |
|
Tel. No.: |
91-33-22298995/
22277791/ 22276304/ 22277305/ 22277118/ 22277119 |
|
Fax No.: |
91-33-22277692 |
|
E-Mail : |
|
|
|
|
|
Regional Office 2 : |
4th and 5th Floor,
Meghdhanuh Complex, Race Course, Near Transpek Circle Course, Vadodara –
390015, Gujarat, India |
|
Tel. No.: |
91-265-2340326/
2340368 |
|
Fax No.: |
91-265-2340328 |
|
E-Mail : |
|
|
|
|
|
Regional Office 3 : |
Talamuthu Natarajan Building, CMDA Tower,
5th Floor (West Wing) Gandhi Irwin Salai, Egmore, Chennai – 600008,
Tamilnadu, India |
|
Tel. No.: |
91-44-28543060
to 28543071/ 28576000/ 28576089 |
|
Fax No.: |
91-44-28112320/
28114395/ 28543080 |
|
E-Mail : |
|
|
|
|
|
Branch Office : |
Great
Eastern Chambers, 5th Floor, Plot No. 28, Sector 11, Belapur C.B.D, Navi
Mumbai – 400614, Maharashtra, India |
|
Tel. No.: |
91-22-27560072/
27560032 |
|
Fax No.: |
91-22-27563004/
27563066 |
|
E-Mail : |
|
|
|
|
|
Overseas
Offices : |
Located at: · UK ·
Abu Dhabi, United Arab Emirate (UAE) · Malaysia · China · Italy |
DIRECTORS
As on 31.03.2012
|
Name : |
Mr. A. K. Purwaha |
|
Designation : |
Chairman and Managing Director |
|
|
|
|
Name : |
Mr. Ram Singh |
|
Designation : |
Director (Finance) |
|
|
|
|
Name : |
Mr. P. K. Rastogi |
|
Designation : |
Director (HR) |
|
|
|
|
Name : |
Mr. P. Mahajan |
|
Designation : |
Director (Technical) |
|
Address : |
|
|
Date of Birth/Age : |
16.03.1953 |
|
Qualification : |
·
B.Sc (Engg.) Hons in Electronics and Electrical ·
Communication from Punjab Engineering College,
(Punjab University) Chandigarh |
|
Experience : |
1975 to 1982 –
Department of Atomic Energy 1982- till date
- Engineers India Limited He has vast
experience in Technology development, design, engineering and project
management in the field of Nuclear Energy, Refineries, Petrochemicals, Gas
Processing, offshore and metallurgical projects. He has been deeply involved
in evaluating, adopting and encouraging latest technologies in India. In
addition, he has been a constant source of inspiration to the Indian Industry
in their development to this level. He has also been closely involved in
value engineering and Diversification Plans of the Company. |
|
|
|
|
Name : |
Mr. D. Moudgil |
|
Designation : |
Director (Projects) |
|
|
|
|
Name : |
Mr. Sanjay Gupta |
|
Designation : |
Director (Commercial) (w.e.f. 1.07.2012) |
|
Date of Birth/Age : |
29.10.1957 |
|
Qualification : |
B.E. from University of Roorkee |
|
Experience : |
He has 31 Years
of experience cutting across implementation of various mega projects including
Pipelines, Refineries and Petrochemicals. He was also involved in some of the
most prestigious mega projects implemented by EIL hitherto, such as, MGCC,
Tabriz Petrochemicals, Pata Petrochemicals Phase-1 and Phase-2, Panipat
Refinery Phase-1, Phase-2 and Panipat Naphtha Cracker Complex. Popularized
the concept of process project coordination to streamline the project take
offs to facilitate project implementation. He was also entrusted the task of
leading the implementation of the OBE Mode of Project implementation and
pioneered the same with CPCL Euro-IV. He was also singularly responsible for
implementation of one of the biggest LSTK Projects of EIL, under
implementation, on the OBE route viz. PFCCU at MRPL. He has been entrusted
the task of Leadership for formulation of the Strategy Group responsible for
EPC Initiatives, as well as, Business Growth Initiatives within the Company
during the past couple of years. All these initiatives have now materialized
into a key Strategy Group cutting across various initiatives for the company
to enhance its business profile, geography and horizontal base. |
|
Other Directorship: |
·
Certification Engineers International Limited ·
TEIL Projects Limited ·
EIL Asia Pacific Sdn. Bhd. ·
Jabal EILIOT Company Limited ·
Bharat Pumps and Compressors Limited |
|
|
|
|
Name : |
Mr. L N Gupta |
|
Designation : |
Director (Government Nominee) |
|
|
|
|
Name : |
Mr. Dependra Pathak |
|
Designation : |
Director (Government Nominee) |
|
|
|
|
Name : |
Mr. U.N. Bose |
|
Designation : |
Non-executive (Independent) Director |
|
Date of Birth/Age : |
07.11.1952 |
|
Qualification : |
Bachelor Degree (1975) in
Mechanical Engineering from Nagpur University |
|
Experience : |
He has vast experience in Deviation / Horizontal drilling in Offshore
areas including deep water drilling. He has developed various drilling
technologies and also implemented drilling programmes in high pressure/high
dip/gas well in geologically complex area of Assam-Arakan fields. Also
developed high-end training facility for Rig Supervisors which is unique in
its kind. He has contributed many technical papers on drilling technologies
in different conferences and technical publications. |
|
Other Directorship: |
Oil and Natural Gas Corporation Limited |
|
|
|
|
Name : |
Mr. A.K. Purwar |
|
Designation : |
Non-official Independent Director |
|
Date of Birth/Age : |
14.05.1946 |
|
Qualification : |
·
M.Com from Allahabad University in 1966 ·
Diploma in Business Administration in 1967 |
|
Experience : |
He has extensive
experience of more than 43 years in Banking Sector. He has worked as Chairman
of SBI from 2002 till 2006. He also acted as MD of SBP. He has held several
important and critical positions in Retail, Corporate and International
Banking covering almost the entire range of Commercial Banking operations in
his illustrious career. He is also working as Independent Director in leading
companies in Telecom, Steel, Textiles, Power, Auto components, Renewal
Energy, Speciality Chemicals, Financial Services and Healthcare Services. He
is also acting as an Advisor to Mizuho Securities in Japan and is also a
member of Advisory Board for Institute of Indian Economics Studies, Waseda
Unversity, Tokyo, Japan. |
|
Other Directorship: |
·
Vardhaman Textiles Limited ·
Reliance Communications Limited ·
Jindal Steel and Power Limited ·
Apollo Tyres Limited ·
India Venture Advisors Private Limited ·
Energy Infratech Private Limited ·
India Infoline Limited ·
Jindal Power Limited ·
C & C Constructions Limited ·
IL & FS Renewable Energy Limited ·
India Infoline Investment Services Limited ·
PHL Capital Private Limited ·
PHL Finance Private Limited ·
Vardhman Chemtech Limited ·
ONGC Tripura Power Company Private Limited ·
Sri Kavery Medical Care (Trichy) Private Limited ·
Mizuho Securities Private Limited, India |
|
|
|
|
Name : |
Dr. Avinash Chandra |
|
Designation : |
Non-Official Independent Director |
|
Address : |
B-102, Sector-26, Noida – 201301, Uttar
Pradesh, India |
|
Date of Birth/Age : |
04.09.1943 |
|
Qualification : |
·
Ph.D in Petroleum Geology from the Imperial
College of Science and
Technology, U.K. ·
M.Sc (Applied Geology) ·
Post Graduate Degrees in Petroleum Geology and
Petroleum Reservoir Engineering from
U.K. ·
B.Sc (Hons.) |
|
Experience : |
He has over 49
years of experience in the Oil Industry and has held previous positions at
ONGC and Oil India Limited. He has been a Government Director in the past on
the Boards of Public Sector Oil Companies such as ONGC Videsh Limited, Oil
India Limited and Lubrizol India Limited. He has been a permanent invitee on
the Boards of ONGC and GAIL. He was Advisor (Exploration) in the MoP and NG
from 1991 to 1999 at a pay scale equivalent to Additional Secretary. He has
also served as the Director General of Hydrocarbons (DGH), MoP and NG,
Government of India from 1993 to 2003 at a pay scale equivalent to Special
Secretary, Government of India (1999-2003). After retirement, he has been
advising many Indian and Foreign Companies which have Oil Fields and Exploration
Blocks in Eleven Countries abroad and in India. |
|
Other Directorship: |
·
Oil Industry Development Board, GoI ·
Alpha Geo India Limited ·
Petrobiz Consultants Private Limited ·
Certification Engineers International Limited |
|
|
|
|
Name : |
Mr. Adit Jain |
|
Designation : |
Non-Official Independent Director |
|
|
|
|
Name : |
Dr. (Prof.) K. D. P. Nigam |
|
Designation : |
Non-Official Independent Director |
|
|
|
|
Name : |
Mr. Bijoy Chatterjee |
|
Designation : |
Non-official Independent Director |
|
Address : |
I -1797,
Chittaranjan Park, New Delhi – 110 019, India |
|
Date of Birth/Age : |
20.09.1950 |
|
Qualification : |
·
M.Sc in Physics ·
M.Sc in National Development and Project Planning |
|
Experience : |
He has served as
Secretary/Additional Chief Secretary/Principal Secretary of several
Government Departments like the Department of Chemicals and Petrochemicals in
the Government of India, and the Forest Department, Tourism Department and
Information Technology Department in the Government of West Bengal. He has
also served as Joint Secretary, Cabinet Secretariat, Government of India and
looked after work relating to several Ministries/Departments like Personnel
and Training (DOPT), Agriculture, Food and Public Distribution, Consumer
Affairs, Environment and Forests, Finance, Commerce, Industry, Law and
Chemicals and Fertilizers and also participated in Departmental Promotion
Committee meetings. During foreign assignment with the Organisation for the
Prohibition of Chemical Weapons (a UN-affiliated Inter-Governmental Body), he
was responsible primarily for work relating to international cooperation and
assistance in areas relating to chemical activities and promotion of chemical
safety. As Managing Director of the West Bengal Power Development Corporation
Ltd, a large Power Company in the public sector, was responsible for running
of a major power generating station and implementation of large thermal power
projects. |
|
|
|
|
Name : |
Mr. Dr. R. K. Shevgaonkar |
|
Designation : |
Non-official Independent Director |
|
Date of Birth/Age : |
11.05.1954 |
|
Qualification : |
·
Ph.D. in Electrical Engineering from IIT, Bombay ·
M. Tech in Electrical Engineering from IIT,
Kanpur ·
BE in Electronics Engineering from Jiwaji University,
Gwalior (Gold Medalist) |
|
Experience : |
He was Scientist
at Indian Institute of Astrophysics and Raman Research Institute. He joined
IIT, Bombay after doing his Post Doctoral fellowship at University of
Maryland, USA. He has occupied various positions at IIT, Bombay like Dean of
Students' Affairs, Dean, Resource Mobilization, Head, Department of
Electrical Engineering, Head, Centre for Distance Engineering Education
Programme, and Deputy Director. He was the Vice Chancellor of University of Pune
and presently he is the Director of IIT Delhi. He has been a Visiting
Professor at University of Lincoln, USA, and ETH, Zurich, Switzerland, and
ISEP Paris, France. He has been an active researcher in the area of Optical
communication, Image processing, Antennas, Microwaves, Radio astronomy etc.
He has published more than 150 papers in international journals and
conferences, and two books namely Electromagnetic Waves and Transmission
lines for Electrical Engineers. He has guided 18 PhDs and more than 30 M.Tech.
dissertations. His video and web lectures on Electromagnetics and Fiber optic
communication are used worldwide through Youtube. He is recipient of IEEE
Undergraduate Teaching award 2011, IETE award for his outstanding
contribution to Optical communication, and the 'Excellence in Teaching' award
of IIT, Bombay. He is Fellow of IEEE, Fellow of Inian National Academy of
Engineering, Fellow of National Academy of Science, India, Fellow of
Institution of Electronics and Telecommunication Engineers, Fellow of Optical
Society of India, and Member of International Astronomical Union and
Astronomical Society of India. He has been a member of many international and
national research and educational committees. |
|
|
|
|
Name : |
Mr. Dr. Jai Prakash Gupta |
|
Designation : |
Non-official Independent Director |
|
Date of Birth/Age : |
04.05.1945 |
|
Qualification : |
·
B. Tech in Chemical Engineering from IIT Kanpur ·
MSE in Chemical Engineering from University of
Michigan, USA ·
Ph.D. in Chemical Engineering from University of
Pennsylvania, USA |
|
Experience : |
He joined the
faculty of Chemical Engineering, IIT Kanpur, in 1973. He has Published /
presented over 120 Research papers and authored/edited 4 Books. His teaching
and research focus on transport phenomena and process safety. He is on the
Editorial Board of international research journals. Received awards from the
Institution of Chemical Engineers (U.K.) and the Indian Institute of Chemical
Engineers. Participated in various conferences and delivered seminars
worldwide, including at the U.N. and the World Bank. He has been a UNIDO
Expert in Argentina and a Visiting Professor in Universities in France, UK,
Mexico, Taiwan and USA. He has served as Director-General, Gujarat Energy
Research and Management Institute, Gandhinagar that founded the Pandit
Deendayal Petroleum University, Member - Board of Governors and Finance
Committee, IIT Kanpur. He has also been a Consultant to Larsen and Toubro
(Mumbai) and Joseph Oat Corp. (USA), Diplomat (Science and Technology)
Embassy of India, Washington DC and India's Delegate to the United Nations.
He is currently the Director, Rajiv Gandhi Institute of Petroleum Technology,
Rae Bareli. |
KEY EXECUTIVES
|
Name : |
Mr. Rajan Kapur |
|
Designation : |
Company Secretary |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2012
|
Names of Shareholders |
No. of Shares |
Percentage of
Holding |
|
|
|
|
|
(A) Shareholding of Promoter and Promoter Group |
|
|
|
|
|
|
|
|
270900540 |
80.40 |
|
|
270900540 |
80.40 |
|
|
|
|
|
Total shareholding of Promoter and Promoter Group (A) |
270900540 |
80.40 |
|
(B) Public Shareholding |
|
|
|
|
|
|
|
|
7074555 |
2.10 |
|
|
2318426 |
0.69 |
|
|
16553355 |
4.91 |
|
|
16274774 |
4.83 |
|
|
42221110 |
12.53 |
|
|
|
|
|
|
6663102 |
1.98 |
|
|
|
|
|
|
15511355 |
4.60 |
|
|
571306 |
0.17 |
|
|
1069187 |
0.32 |
|
|
663773 |
0.20 |
|
|
209976 |
0.06 |
|
|
195438 |
0.06 |
|
|
23814950 |
7.07 |
|
Total Public shareholding (B) |
66036060 |
19.60 |
|
Total (A)+(B) |
336936600 |
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) |
336936600 |
0.00 |
BUSINESS DETAILS
|
Line of Business : |
Provides engineering and related technical services for petroleum refineries,
oil and gas pipelines, petrochemical industries, chemical process plants and
other industrial projects. |
|
|
|
|
Services : |
·
Process design services
construction ·
Management services
engineering services ·
Commissioning services ·
Procurement services ·
Project management
services ·
Certification services |
GENERAL INFORMATION
|
No. of Employees : |
3450 (Approximately) |
|
|
|
|
Bankers : |
· Indian Overseas Bank F-47, Malhotra
Building, Janpath, New Delhi - 110 001, India · State Bank of India Corporate
Accounts Group, 11th Floor, Jawahar Vyapar Bhawan, 1, Janpath, New Delhi -
110 001, India · HDFC Bank Limited B-6/3,
Safdarjung Enclave, DDA Complex, New Delhi - 110 029, India · Bank of Baroda Ansal Chamber-I,
3, Bhikaiji Cama Place, New Delhi - 110 066, India · Corporation Bank 3, Ansal
Chamber-I, Bhikaiji Cama Place, New Delhi - 110 066, India · State Bank of Travancore 3, Ansal Chamber-I, Bhikaiji Cama Place, New Delhi - 110 066, India |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
M. Verma and Associates Chartered Accountants |
|
Address : |
1209, Hemkunt Chambers, 89, Nehru Place, New Delhi - 110 019, India |
|
Tel. No.: |
91-11-41078098 |
|
Fax No.: |
91-11-26211211 |
|
|
|
|
Joint Ventures : |
· TEIL Projects Limited · Technimont EIL Emirates Consultores E Servicos, LDA · Jabal Eiliot Company Limited |
|
|
|
|
Associates : |
· Petroleum India International |
|
|
|
|
Subsidiaries : |
·
Certification
Engineers International Limited Address: Engineers India Bhavan, 1, Bhikaji Cama Place, RK Puram, New
Delhi – 110 066, India Phone : 91-11-26101265 Fax : 91-11-26164868 Email : ceil.del@eil.co.in ·
EIL Asia Pacific
Sdn. Bhd. Suite B-02-05, Dataran 3 Two, No. 2, 19/1, 46300 Petaling Jaya,
Selangor Darul Ehsan Kuala Lumpur - Malaysia |
CAPITAL STRUCTURE
As on 31.03.2012
Authorized Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
600000000 |
Equity Shares |
Rs. 5/- each |
Rs. 3000.000 millions |
|
|
|
|
|
Issued Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
337017600 |
Equity Shares |
Rs. 5/- each |
Rs. 1685.088
millions |
|
|
|
|
|
Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
336936600 |
Equity Shares |
Rs. 5/- each |
Rs. 1684.683
millions |
|
|
Add: Forfeited Shares (Amount originally paid up on 2600 Equity
Shares) |
|
Rs. 0.001
millions |
|
|
|
|
|
|
|
TOTAL |
|
Rs. 1684.684 millions |
Reconciliation of number of shares outstanding at the beginning and at
the end of the reporting period :
|
Particulars |
As on 31.03.2012 |
|
No. of shares outstanding at the beginning of the financial year |
336936600 |
|
Add: Sub-division of equity shares having par
value of Rs. 10/- each into two equity shares having par value of Rs. 5/-
each |
- |
|
Add: Bonus shares
issued |
- |
|
No. of shares outstanding at the close of the financial year |
336936600 |
Rights, Preferences and Restrictions Attaching to Equity Shares
The Company is
having one Class of Equity Shares having a Par Value of Rs. 5 each. Each
Shareholder is eligible for one vote per Share held. The Dividend proposed by
Board of Directors is subject to the approval of Shareholders in the ensuing
Annual General Meeting except in case of Interim Dividend. In the event of
Liquidation, Equity Shareholders are eligible to receive the remaining assets
of the Company after distribution of all Preferential amount in proportion to
their Shareholding.
Details of each Shareholder holding more than 5 percent shares
|
Name of the shareholder |
Number of shares held as at 31-Mar-12 |
|
President of India |
270900540 |
|
|
80.401% |
Other disclosures
|
|
As at 31-Mar-12 |
|
Aggregate number
of equity shares having par value of Rs. 5/- each allotted as fully paid up
by way of bonus share during the period of five years immediately preceding
the Balance sheet date |
224624400 |
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 |
1684.684 |
1684.684 |
561.562 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
16755.767 |
12736.513 |
10585.496 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
18440.451 |
14421.197 |
11147.058 |
|
|
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 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
18440.451 |
14421.197 |
11147.058 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
530.953 |
600.716 |
600.480 |
|
|
Capital work-in-progress |
515.954 |
219.410 |
118.458 |
|
|
|
|
|
|
|
|
INVESTMENT |
6349.745 |
5124.154 |
1007.257 |
|
|
DEFERREX TAX ASSETS |
2142.591 |
1756.358 |
1415.195 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
8.173
|
8.749
|
9.725
|
|
|
Work in Progress |
0.000
|
2128.653
|
422.159
|
|
|
Sundry Debtors |
3073.725
|
3168.936
|
3167.419
|
|
|
Cash & Bank Balances |
16431.420
|
17646.888
|
17639.685
|
|
|
Other Current Assets |
5974.528
|
1224.115
|
2109.526
|
|
|
Loans & Advances |
2413.529
|
2566.088
|
1845.248
|
|
Total
Current Assets |
27901.375
|
26743.429
|
25193.762
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
5872.332
|
3073.362
|
1926.603
|
|
|
Other Current Liabilities |
7594.021
|
12349.427
|
12077.475
|
|
|
Provisions |
5533.814
|
4600.081
|
3184.016
|
|
Total
Current Liabilities |
19000.167
|
20022.870
|
17188.094
|
|
|
Net Current Assets |
8901.208
|
6720.559
|
8005.668
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
18440.451 |
14421.197 |
11147.058 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
36988.243 |
28232.844 |
19937.970 |
|
|
|
Other Income |
2321.774 |
1603.663 |
1836.710 |
|
|
|
TOTAL |
39310.017 |
29836.507 |
21774.680 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Technical Assistance/ Sub-Contracts |
6719.693 |
6466.609 |
3002.475 |
|
|
|
Construction Materials and Equipments |
15165.292 |
8118.898 |
5560.992 |
|
|
|
Salaries and Benefits |
0.000 |
5182.013 |
4869.006 |
|
|
|
Employee Benefits Expenses |
5416.893 |
|
|
|
|
|
Facilities |
473.165 |
342.198 |
296.964 |
|
|
|
Corporate Costs |
374.066 |
320.937 |
205.938 |
|
|
|
Other Expenditure |
1799.608 |
1357.321 |
1096.767 |
|
|
|
Prior Period Adjustments |
19.157 |
57.745 |
7.996 |
|
|
|
TOTAL |
29967.874 |
21845.721 |
15040.138 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
9342.143 |
7990.786 |
6734.542 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
194.490 |
145.440 |
129.763 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
9147.653 |
7845.346 |
6604.779 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
2784.500 |
2620.152 |
2249.028 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
6363.153 |
5225.194 |
4355.751 |
|
|
|
|
|
|
|
|
|
Add |
TRANSFERRED
FROM GENERAL RESERVE |
0.000 |
0.000 |
5615.610 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Interim Dividend |
|
336.937 |
5952.547 |
|
|
|
Proposed Final Dividend |
|
1347.746 |
0.000 |
|
|
|
Tax on Interim / Proposed Dividend |
|
266.372 |
1009.511 |
|
|
TRANSFER TO
GENERAL RESERVE |
NA |
3274.139 |
3009.303 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
|
926.816 |
999.227 |
|
|
|
Interest earned |
|
0.102 |
0.095 |
|
|
TOTAL EARNINGS |
NA |
926.918 |
999.322 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
18.89
|
15.51 |
12.93 |
|
QUARTERLY /
SUMMARISED RESULTS
|
PARTICULARS |
30.06.2012 |
30.09.2012 |
31.12.2012 |
|
|
1st Quarter |
2nd Quarter |
3rd Quarter |
|
Net Sales |
7199.900 |
6677.400 |
6047.700 |
|
Total Expenditure |
5690.900 |
4989.700 |
4736.600 |
|
PBIDT (Excl OI) |
1509.000 |
1687.600 |
1311.100 |
|
Other Income |
732.500 |
709.900 |
669.300 |
|
Operating Profit |
2241.500 |
2397.500 |
1980.400 |
|
Interest |
0.000 |
1.200 |
0.000 |
|
Exceptional Items |
0.000 |
0.000 |
0.000 |
|
PBDT |
2241.500 |
2396.300 |
1980.400 |
|
Depreciation |
24.800 |
34.700 |
24.200 |
|
Profit Before Tax |
2216.800 |
2361.600 |
1956.200 |
|
Tax |
673.800 |
749.100 |
632.900 |
|
Provisions and contingencies |
0.000 |
0.000 |
0.000 |
|
Profit After Tax |
1542.900 |
1612.500 |
1323.300 |
|
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 |
1542.900 |
1612.500 |
1323.300 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
16.18
|
17.51
|
20.00
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
24.73
|
27.79
|
33.13
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
32.17
|
28.69
|
25.61
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.49
|
0.54
|
0.59
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.00
|
0.00
|
0.00
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.47
|
1.34
|
1.46
|
LOCAL AGENCY FURTHER INFORMATION
|
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 |
Yes |
|
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 |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of Proprietor/Partner/Director,
if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
CONTINGENT
LIABILITY
a)
Claims against the Company not acknowledged as
debt.
i) Commercial claims
pending in the Courts or lying with Arbitrators amounting to Rs. 209.240
Millions (Rs. 20.518
Millions).
ii) Few cases
relating to the employees/others are pending in the Court against the Company,
in respect of which
the liability is not ascertainable.
b) Income
Tax/Fringe Benefit Tax assessments have been completed upto the assessment year
2009-10. Income Tax liability, if any, in respect of pending assessments for
the assessment years 2010-11 and 2011-12 cannot be ascertained although tax as
per return/revised return has been paid in full.
Wealth Tax
Assessments have been completed upto the Assessment Year 2009-10. Wealth Tax
liability, if any, in respect of pending assessments for the Assessment Years
2010-11 and 2011-12 cannot be ascertained although tax on returned wealth has
been paid in full.
The Company has
filed an application for rectification (u/s 154) of short credit given for Tax
Deducted at Source (TDS) and other processing mistakes amounting to Rs. 66.436
millions for Assessment year 2010-11.
Income Tax
Department is in appeal for an amount of Rs. 63.254 millions with Income Tax
Appellate Tribunal against the Commissioner of Income Tax (Appeals) Orders in
Company's favour u/s 250 for the Assessment Years 2002-03, 2004-05 and 2008-09.
The Company has
filed an appeal with Commissioner of Income Tax (Appeal) for an amount of Rs.
1.161 Millions against the order of Assessing Officer u/s 143(3) for the
Assessment Year 2009-10.
The Company has
filed an appeal with Commissioner of Income Tax (Appeals) for an amount of
0.255 Million (Rs. 0.255 Million) against the order of Assistant Commissioner
of Income Tax (TDS) u/s 201(1) for the Assessment Year 2009-10.
Company has filed
an appeal against demand of service tax (inclusive of penalty of Rs. 3.144
Millions) for Rs. 6.287 millions (Rs. 6.287 millions) and interest thereon by
Commissioner of Central Excise (Appeals) for the period 01.4.2002 to 17.4.2006
before Customs, Excise and Service Tax Appellate Tribunal (CESTAT).
Sales Tax
Department is in appeal against the order of Joint Commissioner (Appeals) in
Company's favour for an amount of Rs. 13.253 Millions for assessment year
1999-2000 and Rs. 11.612 Millions for assessment year 2000-01 respectively
before Sales Tax Tribunal, Agra.
The Company is in
appeal before Sales Tax Tribunal, Agra against the demand of Sales Tax
Department for Rs. 2.005 Millions on account of entry tax for the year
1999-2000 against which company has deposited an amount of Rs. 0.501 Million.
The Company is in
appeal before the Appellate Dy. Commissioner, Visakhapatnam against the demand
of Assistant Commissioner, Kakinada amounting to Rs. 28.62 Millions on account
of VAT for the period March, 11 to June, 11 against which company has deposited
an amount of Rs. 3.58 Millions. After the close of financial year, the
Appellate Dy. Commissioner, Visakhapatnam has allowed the appeal in the
Company's favour.
In respect of
above contingent liabilities, it is not probable to estimate the timing of cash
flow, if any, pending the resolution of Arbitration/Appellate/Court/ assessment
proceedings.
Management Discussion & Analysis
·
Business Overview
For the year
Company gained business worth Rs. 7580.000 millions with segment-wise breakup
is as follows:-
Domestic Consultancy
- Rs. 5070.000 millions
Domestic Turnkey
- Rs. 1300.000 millions
Overseas
- Rs. 1210.000 millions
There was a
noticeable increase in overseas business, with its contribution in order inflow
increasing to 16% against historical trend of 5% to 8%. The overseas business
registered a strong growth of 234% on year-on-year basis.
All the major
segments of EIL's business i.e. Hydrocarbons (Refining, Pipeline, Oil and Gas
Processing), Petrochemicals, Metallurgy and Infrastructure have contributed
positively towards order inflows. Sunrise power sectors have also secured new
orders this year.
Overall,
hydrocarbon sector continues to be the major business segment for the Company with
70% contribution in orders secured for the year followed by Petrochemicals with
21% share.
In the Refining
Sector, major consulting orders secured include CDU-4 Project at Mumbai and
Stage-1 of the Integrated Refinery Expansion Project at Kochi of BPCL and South
Oil Jetty Project of IOCL. EIL has also been entrusted for implementation of
the RO Plant of Gujarat Refinery of IOCL.
Major
Petrochemical orders gained this year include Health Check-up of Gas Processing
Units (GPUs) at Vijaipur,
Gandhar, Vaghodia
and Usar for GAIL (India) Limited and PDA Revamp of Hindustan Petroleum
Corporation Limited.
In the field of
Pipelines, major projects secured include Kota-Piyala Section of Mumbai-Manmad-Bijwasan
Pipeline of BPCL and Mehsana-Bathinda Pipeline of GSPL India Gasnet Limited
(GIGL).
In the field of
Metallurgy, EIL has been awarded the job for Additional Cast House facilities
at Mahan Aluminium Smelter Project of HINDALCO.
Significant order
inflows were received in Oil and Gas Processing segments with award of Western
Onshore Redevelopment Project for Mehsana, Ahmedabad and Ankleshwar Assets,
Requalification/Recertification of 50 numbers of Offshore Jackets and
Turnaround Reconstruction Works of BPA and BPB Platform Complexes of Oil and
Natural Gas Corporation Limited.
EIL once again strengthened its presence in
the Infrastructure sector by winning new orders for Green R and D Centre at
Bangalore of HPCL.
EIL has also forayed into the Solar Projects
and has been awarded jobs by Areva for the Power Block of Concentrated Solar
Thermal Power Project of Reliance Power (ADAG). EIL has also been entrusted the
job of Techno-Economic Feasibility Report for CTL Project in Meghalaya by the
State Government.
EIL's efforts in building relationship with
Nuclear Power Corporation of India Ltd. (NPCIL) resulted in an award of
Engineering Services for the BOP for the Kudankulam Nuclear Power Plant.
EIL also entered in strategic alliances in Korea
for partnering in execution of EPC projects. EIL has also formed a Joint
Venture Company in Saudi Arabia for undertaking EPC projects. In order to
increase its geographic foot prints, EIL is focusing on other countries viz.
Venezuela and China. In addition to the above, EIL continues to provide a large
number of value added specialized services in fields relating to Project
Feasibility Studies, Risk Analysis, Environment Management, Energy Efficiency
Management etc.
·
Business Environment and Future Outlook
Global economic environment deteriorated owing
to concerns of fiscal situation in Europe, increased risk aversion and credit
constraints. Most developing countries were also hit by higher funding costs
and sharply weakened capital flows. In India, the percolating effects of global
slowdown were much lesser. However, going forward, the slowdown in GDP growth
witnessed over the last two quarters shall likely to extend into the coming
fiscal years owing to delays in corrective policies, inflation along with rupee
depreciation and weakened investment sentiments.
Indian hydrocarbon sector seems to have
outperformed the other energy and capital goods sectors in investments. With
successful completion of most target projects listed under the 11 Five Year Plan,
ending March 2012. The growth momentum of last plan reflects a potential
promise for major upcoming opportunities to EIL arising from the project
investments targeted for the 12 Five Year Plan, beginning April 2012. Pre
project activities for a number of future greenfield and brownfield projects
have already been initiated by our clients.
The Company has consistently maintained its
niche market position owing to its resources and diverse competencies across
the value chain viz. offshore platforms, oil and gas processing, pipelines,
terminals, refineries and petrochemicals.
The Company is
also poised for expanding its territories and business segments where it will
strive to match and even improve the benchmarks created in the Indian
hydrocarbon space.
We feel there are
ample growth opportunities in other related sectors viz. infrastructure, water
management, solar
and nuclear power,
city gas distribution and fertilizers, wherein EIL can play a niche role.
Besides developing consulting and EPC service segments in these areas, the
Company shall also target other modes of project management viz. BOO/BOOT, O
and M segments and project development.
For the overseas,
the Company plans to build strategic partnerships for complementing the skill
sets to enable faster scaling up of Consulting and EPC business.
FIXED ASSETS:
·
Land Free Hold
·
Land Lease Hold
·
Building
·
Plant and Machinery
·
Furniture, Fixture and Office
·
Construction Equipments
·
Computer Hardware
·
Computer Software
·
Motor Vehicles
·
Library Books
PRESS RELEASE
INAUGURATION
OF NEW SUPER SPECIALTY BLOCKS IN GOVERNMENT GENERAL HOSPITAL, KAKINADA
CONSTRUCTED UNDER CSR INITIATIVE OF EIL BY DR. M. M. PALLAM RAJU, HON’BLE UNION
MINISTER FOR HUMAN RESOURCE DEVELOPMENT
26.12. 2012
Dr. M. M. Pallam Raju, Hon’ble Union Minister for Human Resource
Development inaugurated the new Super Specialty blocks in Government General
Hospital, Kakinada constructed under CSR initiative of Engineers India Limited
(EIL) on December 23, 2012.
EIL has constructed two floors in Govt. General Hospital, Kakinada with
super specialty blocks – Paediatrics and Plastic Surgery and Urology and
Neurology. The newly constructed blocks would provide the convenience of
treating outdoor patients and conducting specialized surgeries with enhanced
capacity by 50% from the present total of 13053 out patients and 1648
surgeries. These facilities would significantly enhance the capacity of the
Govt. General Hospital to cater to the entire population of East and West
Godavari Districts in Andhra Pradesh.
EIL is a Total Solutions Consultancy Company and EPC Contractor in the
fields of Petroleum Refining, Petrochemicals, Pipelines, Oil and Gas Terminal
and Storages, Mining and Metallurgy and Infrastructure projects. The Company
has diversified into newer areas such as Nuclear, Solar and Thermal Power,
Water and Solid Waste Management, City Gas Distribution and Fertilizers.
EIL BAGS
INTEGRATED REFINERY EXPANSION PROJECT OF BPCL, KOCHI
6th July 2012
Engineers India Limited (EIL) has secured Consultancy
Services Contract from Bharat Petroleum Corporation Limited (BPCL) for
Integrated Refinery Expansion Project (IREP), Kochi at a fee of Rs. 7200.000
millions. The project involves enhancing crude oil refining capacity of the
refinery from the present level of 9.5 MMTPA to 15.5 MMTPA.
EIL will be
providing consultancy services for Project Management, Process Design/ Residual
Process Design, Detailed Engineering, Procurement, Inspection and Expediting,
Tendering, Construction Management and Supervision including Quality Assurance,
Assistance in start-up, Pre-Commissioning, Commissioning and Guarantee test
Runs for Units and facilities of Plant.
The major
facilities are CDU / VDU, NHT/ISOM-Revamp, DHDT, VGO-HDT, FCCU, Delayed Coker
Unit, SRU, ARU, SWS, SR, LPG Treating Unit, CR LPG Treating Unit, Fuel Gas
Treating Unit, CPP and associated Utilities and Offsite facilities.
Besides other major
projects undertaken in the Hydrocarbon Sector by the Company, EIL has to its
credit 50 petroleum refinery projects including Grassroots, Revamp and
Expansions. EIL has provided its services for most of Refineries existing in
India owned by various prestigious clients like IOCL, BPCL, HPCL, CPCL, KRL,
NRL, MRPL, BRPL, BORL and HMEL.
EIL is a Total Solutions Consultancy Company and EPC Contractor in the
fields of Petroleum Refining, Petrochemicals, Pipelines, Oil and Gas Terminal
and Storages, Mining and Metallurgy and Infrastructure projects. The Company
has diversified into newer areas such as Nuclear, Solar and Thermal Power,
Water and Solid Waste Management, City Gas Distribution and Fertilizers.
EIL TO EXECUTE OIL'S NAHARKATIYA-BARAUNI PIPELINE PROJECT
Jan 28, 2013
State-owned Engineers India Limited today said it has signed a contract to upgrade Oil India Limited's Naharkatiya-Barauni crude oil pipeline.
EIL last week signed the Engineering, Procurement and Construction Management (EPCM) contract for implementing the project for upgrading pump stations/terminal of the crude pipeline, the company said in a statement here.
L and T executive says seeing early signs of government spending on infra
It, however, did not give the value of the contract. The contract for the upgradation was signed by EIL Chairman and Managing Director A K Purwaha and OIL head S K Srivastava.
Naharkatiya-Barauni pipeline was originally commissioned in 1962 and spans over a total length of 1,157-kilometers (from Naharkatiya to Bongaigaon and Barauni to Bongaigaon) with 9 pumping stations and a capacity of 7 million tonnes per annum.
"The project involves upgradation of pumping stations/terminals to reduce operation and maintenance cost and increase the throughput of the system for accommodating the future-flow requirement of up to 8 million tonnes," the statement said.
The project also aims to increase reliability and the life of the pump stations while ensuring compliance of safety and environmental norms.
"The scheduled mechanical completion of the project is 24 months," it said.
EIL is a leading EPC and total solutions consultancy organisation and has to its credit over 5,000 assignments including over 400 major projects successfully completed and operational in India and abroad.
EIL
BAGS PIPELINE PROJECT OF GSPL INDIA TRANSCO LIMITED (GITL)
August 6, 2012
Engineers India Limited (EIL) a premier design and engineering
consultancy Company has secured Engineering, Procurement and Project Management
Consultancy Services Contract from GSPL India Transco Limited (GITL),
Gandhinagar for Mallavaram – Bhopal – Bhilwara - Vijaipur Natural Gas Pipeline (MBBVPL) Project.
This prestigious MBBVPL project of GITL consists of approx. 2000 km
Natural Gas pipeline, involving 1650 Km of trunk line plus 350 Km of spur
lines, along with facilities at Dispatch and Receipt Terminals, Intermediate
Pigging Stations, SV/Tap - off Stations, Telecom/SCADA Network, Metering
Facilities and CP System.
The pipeline will transport gas from D6 gas fields in Krishna Godavari
Basin on east coast of Andhra Pradesh to Bhilwara in Rajasthan. Traversing
through total 27 districts of four states viz. Andhra Pradesh, Maharashtra,
Madhya Pradesh and Rajasthan, the pipeline has a considerably challenging
terrain. Targeted for a capacity of 76.25 MMSCMD, this project is expected to
be completed in a time schedule of 30 months.
EIL will be providing engineering consultancy services which include
preparation of BEP, preparation of RFP, and shall function as Owner’s Engineer
apart from providing Project Management Consultancy and Construction Supervision
Services. EIL shall also be responsible for Materials Management, Quality
Assurance, and Assistance in Pre-Commissioning and Commissioning of the
project.
EIL BAGS
CONSULTANCY SERVICES CONTRACT FROM PLL FOR LNG TERMINAL AT GANGAVARAM
July 31, 2012
Engineers India Limited (EIL) has secured a
job from Petronet LNG Limited (PLL) for providing Consultancy Services for
preparation of Front End Engineering and Design (FEED) Package for 5 MMTPA
Capacity LNG Terminal at Gangavaram on the east coast of India.
EIL is currently
providing its services for the Stand-by LNG jetty at Dahej, Expansion of the
LNG terminal from 10 to 15 MMTPA at Dahej, Dabhol LNG terminal and LNG Tankage
at
Hazira.
EIL is a Total Solutions Consultancy Company and EPC Contractor in the
fields of Petroleum Refining, Petrochemicals, Pipelines, Oil and Gas Terminal
and Storages, Mining and Metallurgy and Infrastructure projects. The Company
has diversified into newer areas such as Nuclear, Solar and Thermal Power, Water
and Solid Waste Management, City Gas Distribution and Fertilizers.
EIL CONFERRED WITH
CARING COMPANY AWARD
February 21, 2013
Engineers India Limited (EIL), a premier
design and engineering consultancy company, has been conferred with the Caring
Company Award by World CSR Congress in recognition of its outstanding corporate
citizenship and contribution to a caring community. The award was received by
Shri Sandip Samajdar, DGM (CSR), EIL and Shri P. K. Gupta, Head (Branch Office
Mumbai), EIL from Mr. Maximilian Martin, Global Managing Director, Impact
Economy and Prof. Dr. Christoph Stueckelberger, Executive Director,
Globalethics.net at an award ceremony held on February 18, 2013 in Mumbai.
The Caring
Companies Award aims at recognizing good corporate citizenship and encouraging
strategic partnerships among businesses and non-profit organizations to create
a more cohesive society.
EIL is a Total Solutions Consultancy Company and EPC Contractor in the
fields of Petroleum Refining, Petrochemicals, Pipelines, Oil and Gas Terminal
and Storages, Mining and Metallurgy and Infrastructure projects. The Company
has diversified into newer areas such as Nuclear, Solar and Thermal Power,
Water and Solid Waste Management, City Gas Distribution and Fertilizers.
DIRECTOR (HR), EIL
HONOURED FOR OUTSTANDING CONTRIBUTION TO LEADERSHIP DEVELOPMENT
February 20, 2013
Ms. Veena Swarup, Director (HR), EIL was felicitated by Forum for Emotional Intelligence Learning (FEIL) and Tata Institute for Social Sciences (TISS) in recognition of her Outstanding Contribution to Leadership Development in an Award function held on 12 February, 2013 at TISS campus, Mumbai.
EIL C and MD
FELICITATED BY INDIRA GANDHI TECHNOLOGICAL and MEDICAL SCIENCE UNIVERSITY, ARUNACHAL
PRADESH
January 02, 2013
Shri A K Purwaha, C and MD, EIL has been
conferred Lifetime Achievement Award 2012 by Indira Gandhi Technological and
Medical Science University (IGTMSU), Arunachal Pradesh for his contribution
towards Project Management and Corporate Affairs.
The award was received by Shri Adil Firoze,
Head (Corporate Affairs and CSR) on behalf of C and MD, EIL from Shri Harish
Rawat, Hon'ble Minister of Water Resources during 33 World Management Congress
2012 held on December 30-31, 2012 in New Delhi
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.55.05 |
|
|
1 |
Rs.82.75 |
|
Euro |
1 |
Rs.71.61 |
INFORMATION DETAILS
|
Report Prepared
by : |
NID |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
8 |
|
OPERATING SCALE |
1~10 |
9 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
9 |
|
--PROFITABILIRY |
1~10 |
9 |
|
--LIQUIDITY |
1~10 |
9 |
|
--LEVERAGE |
1~10 |
8 |
|
--RESERVES |
1~10 |
9 |
|
--CREDIT LINES |
1~10 |
8 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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 |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
76 |
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.