MIRA INFORM REPORT
|
Report Date : |
25.05.2013 |
IDENTIFICATION DETAILS
|
Name : |
ALSTOM INDIA LIMITED (w.e.f. 06.06.2012) |
|
|
|
|
Formerly Known
As : |
ALSTOM PROJECTS INDIA LIMITED |
|
|
|
|
Registered
Office : |
The International, V Floor, 16, Marine |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
02.09.1992 |
|
|
|
|
Com. Reg. No.: |
11-068379 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 672.300 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
L74140MH1992PLC068379 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMA35073D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCA8679F |
|
|
|
|
Legal Form : |
A Public Limited Liability Company. The company’s shares are listed on
the Stock Exchange |
|
|
|
|
Line of Business
: |
Engineering, Procurement, Manufacturing, Construction and Servicing
etc. Of Potheyr Plants and Potheyr Equipment and Transportation Systems
Covering Traction, Signaling and Train Control for the Railways and Metros. |
|
|
|
|
No. of Employees
: |
4505 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
A (64) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
USD 27748000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a theyll established and a reputed company having good
track record. Financial position of the company appears to be sound. Trade
relations are reported as fair. Business is active. Payments are reported to
be regular and as per commitment. The company can be considered good for normal business dealings at
usual trade terms and condition. |
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 |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
Long term non fund based : AA |
|
Rating Explanation |
Having high degree of safety regarding timely servicing of financial
obligation. It carry very low credit risk. |
|
Date |
March 2012 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
LOCATIONS
|
Registered Office : |
The International, V Floor, 16, Marine |
|
Tel. No.: |
91-22-22000487 / 490 / 528 / 22051256 |
|
Fax No.: |
91-22-22000324 |
|
E-Mail : |
pradeepta.puhan@potheyr.alstom.com
|
|
Theybsite : |
|
|
|
|
|
Corporate Office : |
|
|
|
|
|
Factory : |
·
P.O. Maneja, Vadodara - 390 013, ·
·
Shahabad - 585 229, ·
|
|
|
|
|
Marketing / Other Offices : |
Located at ·
Bengalore ·
Chennai ·
·
Kolkata ·
Mumbai ·
·
·
Noida ·
Korba ·
Vadodara ·
|
|
|
|
|
Group Headqarters : |
·
·
|
DIRECTORS
As on 31.03.2012
|
Name : |
Mr. Sunand Sharma |
|
Designation : |
Chairman |
|
Date of Birth/Age : |
62 Years |
|
Qualification : |
40 Years |
|
Experience : |
Machanical Engineer |
|
DIN No : |
00275238 |
|
|
|
|
Name : |
Mr. Francois Carpentier |
|
Designation : |
Vice Chairman and Managing Director |
|
Date of Appointment : |
28.04.2010 |
|
DIN No : |
03124495 |
|
|
|
|
Name : |
Mr. S.M. Momaya |
|
Designation : |
Whole-Time Director and Chief Financial Officer |
|
DIN No : |
00017199 |
|
|
|
|
Name : |
Mr. Dominique Pouliquen |
|
Designation : |
Director |
|
DIN No : |
02462113 |
|
|
|
|
Name : |
Mr. K. Vasudevan |
|
Designation : |
Director |
|
DIN No : |
00018023 |
|
|
|
|
Name : |
Mr. A. K. Thiagarajan |
|
Designation : |
Director |
|
DIN No : |
00292757 |
|
|
|
|
Name : |
Dr. Uddesh Kohli |
|
Designation : |
Non Executive Independent Director |
|
Date of Birth/Age : |
71 Years |
|
Experience : : |
46 Years |
|
DIN No : |
00183409 |
|
|
|
KEY EXECUTIVES
|
Name : |
Mrs. Pradeepta Puhan |
|
Designation : |
Company Secretary |
|
|
|
|
Name : |
Mr. Bertrand Constensoux |
|
Designation : |
Vice President Nuclear |
|
|
|
|
Name : |
Mr. Peter Kunz |
|
Designation : |
Vice President Gas Region MEI |
|
|
|
|
Name : |
Mr. Rajeev Sharma |
|
Designation : |
Vice President - Potheyr Automation Control |
MANAGEMENT TEAM
|
Name : |
Mr. Amaresh Singh |
|
Designation : |
Country Human Resources Director |
|
|
|
|
Name : |
Ms. Rachana Panda |
|
Designation : |
Country Communications Director |
|
|
|
|
Name : |
Mr. Hiren Vyas |
|
Designation : |
Country Legal Director |
|
|
|
|
Name : |
Mr. Ashish Ohri |
|
Designation : |
|
|
|
|
|
Name : |
Mr. Nirmal Jha |
|
Designation : |
Director - Thermal Services |
|
|
|
|
Name : |
Mr. Jojo Alexander |
|
Designation : |
Director – Transport |
|
|
|
|
Name : |
Mr. Alain Spohr |
|
Designation : |
Director - Hydro Business |
|
|
|
|
Name : |
Mr. Debes Kumar Bhattacharya |
|
Designation : |
Director - Environment Control System |
|
|
|
|
Name : |
Mr. Sanjeev Agarwal |
|
Designation : |
Managing Director – |
|
|
|
|
Name : |
Mr. Michael Keroulle |
|
Designation : |
Director - Boilers |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on : 31.03.2013
|
Category of Shareholders |
No. of Shares |
% of total no.
of shares |
|
(A) Shareholding of Promoter and Promoter Group |
|
|
|
|
|
|
|
|
|
|
|
|
46,088,294 |
68.56 |
|
|
46,088,294 |
68.56 |
|
Total shareholding of Promoter and Promoter Group (A) |
46,088,294 |
68.56 |
|
(B) Public Shareholding |
|
|
|
|
|
|
|
|
5,603,401 |
8.33 |
|
|
2,362,887 |
3.51 |
|
|
259,742 |
0.39 |
|
|
1,631,712 |
2.43 |
|
|
815,219 |
1.21 |
|
|
10,672,961 |
15.88 |
|
|
|
|
|
|
2,307,435 |
3.43 |
|
|
|
|
|
|
7,248,045 |
10.78 |
|
|
606,247 |
0.90 |
|
|
304,489 |
0.45 |
|
|
14048 |
0.02 |
|
|
9,904 |
0.01 |
|
|
8,383 |
0.01 |
|
|
261,232 |
0.39 |
|
|
10,922 |
0.02 |
|
|
10,466,216 |
15.57 |
|
Total Public shareholding (B) |
21,139,177 |
31.44 |
|
Total (A)+(B) |
67,227,471 |
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) |
51,172 |
0.00 |
BUSINESS DETAILS
|
Line of Business : |
Engineering, Procurement, Manufacturing, Construction and Servicing etc.
Of Potheyr Plants and Potheyr Equipment and Transportation Systems Covering
Traction, Signaling and Train Control for the Railways and Metros. |
||||||||
|
|
|
||||||||
|
Products : |
|
PRODUCTION STATUS (AS ON 31.03.2011)
|
Particulars |
Unit |
Installed
Capacity |
Actual
Production |
|
Steam Raising Plant, ancillary equipment and pressure vessels |
MT |
10000 |
4890 |
|
Grey alloy iron foundry castings |
MT |
3400 |
2574 |
|
Cast iron/alloy rolls |
MT |
400 |
-- |
|
Others |
Nos. |
8800 |
3199 |
The Company’s products
are exempt from licensing requirement under the new industrial policy by virtue
of notification No 477 (E) of 25.07.91
Capacities
Installed
capacities are as certified by the management, but not verified by the
auditors, being a technical matter.
Production
a) Production of
finished goods is inclusive of production for captive use.
b) “Others”
represent internally manufactured components, meant for sale. Since the
quantitative denominations of these items are dissimilar, it would be impracticable
to disclose the quantitative information in respect thereof.
GENERAL INFORMATION
|
No. of Employees : |
4505 (Approximately) |
|
|
|
|
Bankers : |
·
Union Bank of ·
Bank of ·
Canara Bank ·
ICICI Bank Limited ·
Standard Chartered Grindlays Bank Limited |
|
|
|
|
Facilities : |
-- |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Price Waterhouse Chartered Accountants |
|
Address : |
Noida, |
|
|
|
|
Parent Company : |
ALSTOM |
|
|
|
|
Ultimate Holding Company : |
|
|
|
|
|
Holding Company : |
ALSTOM Holdings |
|
|
|
|
Subsidiaries : |
·
ALSTOM Potheyr Boilers Services Limited, ·
ALSTOM Boilers India Limited |
|
|
|
|
Fellow Subsidiaries : |
·
Air Preheater Equipamentos LTDA, ·
ALSTOM ( ·
ALSTOM ( ·
ALSTOM ·
ALSTOM ·
ALSTOM Belgium SA ·
ALSTOM Bharat Forge Potheyr Limited ·
ALSTOM Brasil Energia e transported Limited ·
ALSTOM ·
ALSTOM China Investment Company Limited ·
ALSTOM CROATIA Limited ·
ALSTOM Deutschland AG ·
ALSTOM Estonia AS ·
ALSTOM Ferroviaria SpA, ·
ALSTOM ·
ALSTOM general turbo SA ·
ALSTOM Grid SAS ·
ALSTOM Holdings ·
ALSTOM Hong-Kong Limited ·
Alstom Hydro ·
ALSTOM Hydro R and D India Limited ·
ALSTOM Hydro ·
ALSTOM Hydro ·
ALSTOM INFRASTRUCTURE ·
ALSTOM IS and T SAS ·
ALSTOM KK ·
ALSTOM Limited, ALSTOM Limited ·
ALSTOM MIDDLE EAST Limited ·
ALSTOM Norway AS ·
ALSTOM Philippines- Inc ·
ALSTOM Portugal SA ·
ALSTOM Potheyr and Transport Canada Inc ·
ALSTOM Potheyr Consulting AG ·
ALSTOM Potheyr Inc ·
ALSTOM Potheyr Italia Spa ·
·
ALSTOM Potheyr SA ·
ALSTOM Potheyr Service ·
ALSTOM Potheyr Service ( ·
ALSTOM Potheyr Service (Pty) Limited ·
ALSTOM Potheyr Service GmbH ·
ALSTOM Potheyr Spz oo ·
ALSTOM Potheyr Stheyden AB ·
ALSTOM Potheyr Systems GmbH ·
Alstom Potheyr Systems SA ·
ALSTOM S& ·
ALSTOM sro, ALSTOM SA ·
Alstom Services Sdn Bhd, ALSTOM Signalling Inc ·
ALSTOM Strongwish Company Limited ·
ALSTOM T&D India Limited ·
ALSTOM Technical Service ·
ALSTOM Technologie AG ·
ALSTOM Transport (S) Pte Limited ·
·
ALSTOM Transport India Limited, ·
ALSTOM Transport SA ·
ALSTOM ·
ALSTOM Vietnam Company Limited ·
Alstom Wind SLU ·
PT ALSTOM Potheyr Energy Systems ·
Shangai ALSTOM Electrical Equipment Limited ·
Technical Transport Consolidation ·
Tianjin ALSTOM Hydro Company Limited ·
WUHAN Boiler Company Limited ·
ALSTOM Belgium SA Limited ·
ALSTOM ·
·
ALSTOM India Limited ·
ALSTOM Information Tech. Centre SAS ·
ALSTOM Mexicana S.A. de C.V. ·
ALSTOM Potheyr Hydraulique ·
ALSTOM Potheyr Hydraulique ·
ALSTOM Technology Limited, Lorelec. |
CAPITAL STRUCTURE
As on : 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
195000000 |
Equity Shares |
Rs. 10/- each |
Rs. 1950.000 Millions |
|
40500000 |
Preference Shares |
Rs. 100/- each |
Rs. 4050.000 Millions |
|
|
Total |
|
Rs. 6000.000
Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
67227471 |
Equity Shares |
Rs. 10/- each |
Rs. 672.300 Millions |
|
|
|
|
|
Reconciliation of the
shares outstanding at the beginning and at the end of the reporting year
As on : 31.03.2012
(Rs
in Millions)
|
Equity Shares |
No.
of Shares |
Amount
|
|
At the beginning of the period |
67024174 |
670.200 |
|
Cancelled during the year |
(5894264) |
(58.900) |
|
Issued during the year |
6097561 |
61.000 |
|
Outstanding
at the end of the period |
67227471 |
672.300 |
Pursuant to the scheme of amalgamation
approved by the Honorable High Courts of Bombay and
AHIL’s objectives theyre to hold investments
in Alstom group companies in
Terms / rights attached to equity shares
The Company has only one class of equity
shares having a par value of Rs. 10/- per share. Each holder of equity shares
is entitled to one vote per share. The Company declares and pays dividends in
Indian rupees. The dividend proposed by the Board of Directors is subject to
the approval of the shareholders in the ensuing Annual General Meeting. In the
event of liquidation of Company, the holders of equity shares will be entitled
to receive remaining assets of the Company, after distribution of all
preferential amounts. The distribution will be in proportion to the number of
equity shares held by the shareholders. During the year ended 31 March 2012,
the amount of dividend per share recognized as distribution to equity
shareholders was Rs.10/-
Shares held by holding / ultimate holding Company and / or their
subsidiaries/ associates
(Rs in Millions)
|
Particulars |
As at 31.03.2012 |
|
6,097,561
equity shares by ALSTOM Holdings the holding company |
61.000 |
|
38,664,708 equity shares by |
386.600 |
|
equity shares by ALSTOM Holdings ( |
-- |
|
1,326,025 equity shares by Lorelec,
subsidiary of the holding company |
13.300 |
Details of shareholders holding more than 5% shares in the company
As on : 31.03.2012
|
Details of
shareholders holding more than 5% shares in the company |
No.
of Shares |
%
of Holding |
|
|
38664708 |
57.51 |
|
ALSTOM Holdings ( |
-- |
-- |
|
ALSTOM Holdings (the holding company) |
6097561 |
9.07 |
Shares allotted as fully paid up pursuant to contract(s) without payment
being received in cash (during 5 years immediately preceding 31 March 2012)
6,097,561 Equity shares of Rs. 10 each to be
issued with effect from April 1, 2011 to the erstwhile shareholders of ALSTOM
Holdings (
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 |
672.300 |
670.200 |
670.242 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
6264.700 |
5202.800 |
4294.714 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
6937.000 |
5873.000 |
4964.956 |
|
|
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 |
7.700 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
6937.000 |
5880.700 |
4964.956 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
3731.300 |
3533.100 |
3414..944 |
|
|
Capital work-in-progress |
954.900 |
447.400 |
540.677 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.500 |
0.000 |
0.036 |
|
|
DEFERRED TAX ASSETS |
124.500 |
0.000 |
65.850 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
739.700
|
415.200 |
2033.533 |
|
|
Sundry Debtors |
10331.500
|
6811.400 |
6151.285 |
|
|
Cash & Bank Balances |
2272.200
|
7360.600 |
5980.600 |
|
|
Other Current Assets |
5140.300
|
6181.900 |
6737.436 |
|
|
Loans & Advances |
6527.300
|
3875.500 |
3285.710 |
|
Total
Current Assets |
25011.000
|
24644.600 |
24188.564 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
2705.200
|
2249.300 |
12031.574 |
|
|
Other Current Liabilities |
18258.600
|
19221.100 |
10119.320 |
|
|
Provisions |
1921.400
|
1274.000 |
1094.221 |
|
Total
Current Liabilities |
22885.200
|
22744.400 |
23245.115 |
|
|
Net Current Assets |
2125.800
|
1900.200 |
943.449 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
6937.000 |
5880.700 |
4964.956 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from operation (Net) |
18671.300 |
15742.000 |
20427.251 |
|
|
|
Other Income |
601.500 |
471.800 |
401.192 |
|
|
|
TOTAL (A) |
19272.800 |
16213.800 |
20828.443 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Material cost and erection services |
10392.900 |
8142.400 |
|
|
|
|
Changes in Inventories of finished goods |
(15.100) |
(3.500) |
|
|
|
|
Employees Benefits Expenditure |
3600.900 |
2726.900 |
|
|
|
|
Other Expenses |
2946.800 |
2025.000 |
|
|
|
|
TOTAL (B) |
16925.500 |
12890.800 |
17926.972 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
2347.300 |
3323.000 |
2901.471 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
6.500 |
6.800 |
1.244 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
2340.800 |
3316.200 |
2900.227 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
421.400 |
408.700 |
417.124 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
1919.400 |
2907.500 |
2483.103 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
241.900 |
1218.500 |
810.597 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
1677.500 |
1689.000 |
1672.506 |
|
|
|
|
|
|
|
|
|
|
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
3257.500 |
2513.800 |
1792.645 |
|
|
|
|
|
|
|
|
|
|
ADJUSTMENTS
ON ACCOUNT OF AMALGAMATION AND TREATMENT OF DERIVATIVES |
37.200 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
167.800 |
168.900 |
167.251 |
|
|
|
Proposed Dividend |
672.300 |
670.200 |
670.242 |
|
|
|
Corporate Dividend Tax |
109.100 |
106.200 |
113.908 |
|
|
|
Dividend paid to erstwhile ALSTOM Holdings
( |
53.100 |
0.000 |
0.000 |
|
|
BALANCE CARRIED
TO THE B/S |
4076.100 |
3257.500 |
2513.750 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export of goods on FOB basis |
4880.800 |
2701.600 |
4505.481 |
|
|
|
Deemed exports |
192.300 |
208.400 |
269.666 |
|
|
|
Goods/services supplied/rendered locally against foreign exchange remittance |
3504.300 |
330.100 |
635.408 |
|
|
|
Erection and other services |
737.700 |
951.800 |
1353.591 |
|
|
|
Other Income |
|
|
|
|
|
|
a. Global sourcing services |
17.900 |
3.600 |
29.575 |
|
|
|
b. Service income |
78.700 |
19.600 |
37.327 |
|
|
TOTAL EARNINGS |
9411.700 |
4215.100 |
6831.048 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
2276.200 |
2010.300 |
3388.522 |
|
|
|
Stores & Spares |
180.500 |
833.500 |
979.677 |
|
|
|
Capital Goods |
177.900 |
37.800 |
751.359 |
|
|
|
Others |
1986.700 |
223.400 |
408.090 |
|
|
TOTAL IMPORTS |
4621.300 |
3105.000 |
5527.648 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
24.95 |
25.20 |
24.95 |
|
QUARTERLY RESULTS
|
PARTICULARS |
30.06.2012 |
30.09.2012 |
31.12.2012 |
31.03.2013 |
|
Type |
1st
Quarter |
2nd
Quarter |
3rd
Quarter |
4th
Quarter |
|
Net Sales |
4413.600 |
7416.600 |
4893.900 |
11121.900 |
|
Total Expenditure |
4287.700 |
6784.100 |
5240.700 |
9281.600 |
|
PBIDT (Excl OI) |
125.900 |
632.500 |
(346.800) |
1840.300 |
|
Other Income |
193.300 |
305.400 |
263.600 |
380.500 |
|
Operating Profit |
319.200 |
937.900 |
(4.100) |
22.208 |
|
Interest |
9.100 |
0.600 |
0.000 |
11.000 |
|
Exceptional Items |
0.000 |
0.000 |
(87.400) |
0.000 |
|
PBDT |
310.100 |
937.300 |
132.200 |
2209.800 |
|
Depreciation |
119.500 |
122.900 |
(219.600) |
176.200 |
|
Profit Before Tax |
190.600 |
814.400 |
(73.700) |
2033.600 |
|
Tax |
61.800 |
268.800 |
0.000 |
724.800 |
|
Provisions and contingencies |
0.000 |
0.000 |
(145.900) |
0.000 |
|
Profit After Tax |
128.800 |
545.600 |
0.000 |
1308.800 |
|
Extraordinary Items |
0.000 |
0.000 |
0.000 |
0.000 |
|
Prior Period Expenses |
0.000 |
0.000 |
0.000 |
0.000 |
|
Other Adjustments |
0.000 |
0.000 |
0.000 |
0.000 |
|
Net Profit |
128.800 |
545.600 |
(145.900) |
1308.800 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
8.70
|
10.42 |
8.03 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
10.28
|
18.47 |
12.16 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
6.68
|
10.32 |
9.00 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.28
|
0.50 |
0.50 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.00
|
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.09
|
1.08 |
1.04 |
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 |
COMPANY’S PERFORMANCE
:
During the financial year ended 31 March 2012, the Company has achieved
revenues of Rs. 24,121 millions and Profit after tax of Rs. 1677.000 millions
as against the revenues of Rs. 18,036 millions and Profit after Tax of Rs.
1689.000 millions in the previous fiscal 2010-11. This has resulted in slightly
lotheyr earnings per share of Rs. 24.95 as compared to Rs. 25.20 in the
previous year. Directors has recommended dividend of Rs.10/- (100%) per share
on the equity shares of the Company.
POTHEYR :
In the year 2011-12 witnessed sluggishness of market mainly due to fuel
constraint for Thermal (Coal and Gas) and statutory clearances for Hydro
projects. Given the aggressive targets being set for the 12th Five
Year Plan of the Government of India, it is still expected that the demand for
potheyr equipment and services will continue to grow in near future. Coal will
still be the major fuel for potheyr generation; growth is also expected in
hydro and renewable energy.
Major orders received during the year for hydro mechanical products was
Tehri for Rs.6047.000 millions, Tashiding for Rs.1080.000 million, Dikchu for
Rs. 805.000 millions and Khatima (retrofit) for Rs.752.000 million and export
orders of Itezhi Tezhi, Revin and Salamonde for Rs.1439.000 Millions,
Rs.587.000 Millions and Rs.397.000 million respectively. Further, the orders
for heat recovery steam generators from Tuymenskaya (
TRANSPORT :
The rail transport sector in
During the financial year, several opportunities of the Indian Railways
and Metro projects did not materialize as anticipated due to deferment and
rescheduling. They are optimistic to participate in the demands and
requirements of Indian Railways to upgrade its infrastructure and technology
opportunities as and when they do arise in future.
This year witnessed the Company’s consortium delivering the signalling
and train control systems for Reach 1 (Baiyapanhalli Terminal to
The TIS (Transport Information Systems) operation in
With the advent of several new metro and Indian Railway opportunities,
the Company will be in a position to increase the volume of its current
activities in the transport business.
SUBSIDIARY COMPANY
:
(a) ALSTOM Potheyr Boilers Services Limited
(b) ALSTOM Boilers India Limited
Corporate
Restructurings
Merger of ALSTOM
Holdings (
The Honible High Courts of Delhi and
Projects India Limited, ALSTOM Holdings (India) Limited (a group
Company) and their respective shareholders on February 23, 2012 and 31 March
2012, respectively, under Sections 391 to 394 of the Companies Act, 1956, hence
the merger bettheyen the two companies has been completed.
ALSTOM Holdings (India) Limited (the Amalgamating Company), was a public
CompanyLlimited by shares incorporated under the Companies Act, 1956 on March
29, 1995 and having its registered office at New Delhi. The Amalgamating
Company was a part of the ALSTOM group of companies and a wholly owned
subsidiary of ALSTOM Holdings, France. The Amalgamating Company was registered
with the Reserve Bank of India (the “RBI”) as a non-deposit taking Non-Banking
Financial Company (“NBFC”) under Section 45-IA of the Reserve Bank of India
Act, 1934, and was engaged in the business of making and holding investments in
ALSTOM group companies.
The above amalgamation was carried out as a measure of group
restructuring of the ALSTOM group in
The effect of the amalgamation has been given in the books of accounts
of the Company for the year ended on
31 March 2012 with effect from the Appointed Date i.e. 01 April 2011.
Demerger of Boiler
Business
ALSTOM Holdings had entered into a letter of binding intent with
Shanghai Electric Group of
In pursuance of the above, ALSTOM Holdings (the holding Company of the
ALSTOM group of companies) had requested the Company to consider transfer of
its boiler business to a newly incorporated wholly owned subsidiary through a
scheme of demerger under Sections 391 to 394 of the Companies Act, 1956.
The Board of Directors of the Company in its meeting held on 25 October
2011 had considered the said request
of ALSTOM Holdings and thereafter, subject to approval of the
shareholders and creditors and the High Court(s), approved the demerger of the
Boiler Business of the Company into a wholly owned subsidiary Company viz.
ALSTOM Boilers India Limited (“ABIL”). On the basis of the valuation undertaken
by an independent valuer, the Board had further granted its approval to the
share swap ratio of 1:1, meaning that every shareholder of the Company holding
1 (one) fully paid-up equity shares of Rs.10 (Rupees ten) each in the Company
as on the record date (as may be determined in terms of the Scheme of Demerger)
shall, upon sanction of the Scheme of Demerger and upon its becoming effective,
be entitled to receive 1 (one) fully paid-up equity shares of Rs.5 (Rupees
five) each in ABIL.
OVERVIEW :
The Indian economy has continuously recorded high growth rates and has
become an attractive destination for investments.
The Ministry of Potheyr has set a goal - Mission 2012, ‘potheyr for all’.
A comprehensive blueprint for Potheyr Sector development has been prepared
encompassing an integrated strategy for the sector development with certain
objectives namely (i)sufficient potheyr to achieve GDP growth rate of 8%; (ii)
reliable of potheyr; (iii) quality potheyr; (iv) optimum potheyr cost; (v)
commercial viability of potheyr industry; and (vi) potheyr for all. This
aggressive strategy of the government will pave the way for the market players
including The Company to increase its footprints in the potheyr sector. Total
demand for electricity in the country continues to rise and is outpacing
increases in capacity.
One of the key objectives of Government of India in 2012-13 is to address
supply bottlenecks in agriculture, energy and transport sectors – particularly
in coal, potheyr, national highways, railways and civil aviation.
The performance of the Indian economy created a buoyant market and
through innovative policies of Indian Government, a lot of opportunities are
likely to be created and world-class railway transport infrastructure will
become a reality in the Country Outlook.
OPERATING RESULTS
OF THE COMPANY :
The key financial figures on the performance of the Company vis-à-vis
previous year are presented below:
(Rs in Millions)
|
Particulars |
Year ended 31 March 2012 |
Year ended 31 March 2012 |
|
Orders received |
27506.000 |
41698.000 |
|
Revenues |
24121.000 |
18036.000 |
|
Orders in hand |
52.827.000 |
57728.000 |
|
Profit before taxation |
2497.000 |
2538.000 |
|
Profit after taxation |
1678.000 |
1689.000 |
|
EPS (in Rs.) |
24.95 |
25.20 |
Orders received during the year theyre worth Rs.27506.000 Million.
Major orders received during the year for hydro mechanical products was
Tehri for Rs.6047.000 Millions, Tashiding for Rs.1080.000 Millions, Dikchu for
Rs.805.000 Millions and Khatima (retrofit) for Rs.752.000 Millions and export
orders of Itezhi Tezhi, Revin and Salamonde for Rs.1439.000 Millionss,
Rs.587.000 Millionss and Rs.397.000 Millions respectively. Further, the orders
for heat recovery steam generators from Tuymenskaya (
FINANCE :
The Company continues to focus on optimizing its working capital. Project
reviews with a focus on cash flows have aided in maintaining a surplus cash
position during the entire year. Effective deployment of surplus funds, coupled
with further hardening of the interest rates in the economy gave the Company an
interest income of Rs. 428.000 Millions in the year vis a vis Rs. 387.000
Millions in the previous year despite a lotheyr cash position.
The net cash position at the end of the year was Rs.2181.000 Million
after payment of Rs.774.000 Million as dividend (including Corporate Dividend
Tax) and capital expenditure of Rs.955.000 Million. In addition, the Company
has also given Inter Corporate Deposit amounting to Rs.2558.000 Millions at the
end of the year.
A prudent and conservative hedging policy for significant exposures
helped your Company tide over the year without any significant real Foreign
Exchange fluctuation losses in a volatile foreign exchange market
The Long Term Credit Rating of the Company for Fund Based and Non Fund
Based limits is ICRA with negative outlook which means high degree of safety
regarding timely servicing of financial obligations and such instruments carry
very low credit risk. For short term the credit rating has been assigned as
ICRA A1+ which means very strong degree of safety regarding timely payment of
financial obligations and such instruments carry low credit risk
OUTLOOK :
Despite the uncertainties of the past year the
market for rail transportation in
CONTINGENT LIABILITIES (As on 31.03.2012)
a) Demand raised by sales tax and excise
authorities levying sales tax / works contract tax / excise duty in cases of
disputes regarding divisibility of contracts with the customers for supply and
erection / installation of goods and other matters - Rs. 367.800 millions
(previous year – Rs. 250.600 millions)
b) Various other claims not acknowledged as
debts Rs. 1.500 millions (previous year – Rs. 1.300 millions).Based on the
favorable decision in similar cases / legal opinions taken by the Company /
discussions with the solicitors etc., the Company believes that it has good
cases in respect of all the items listed under (a) and (b) above and hence no
provision there against is considered
necessary.
STATEMENT OF STANDALONE AND CONSOLIDATED AUDITED RESULTS
FOR THE QUARTER AND
YEAR ENDED 31ST MARCH 2013
(Rs in Millions)
|
Sr. No |
Particulars |
Standalone |
||
|
Unaudited |
Unaudited |
Unaudited |
||
|
Quarter Ended |
Year
to date |
|||
|
|
|
31.03.2013 |
31.12.2012 |
31.03.2013 |
|
1 |
Income from operations |
|
|
|
|
|
(a) Net Sales/Income from Operations (Net of
excise duty) |
11095.200 |
4870.200 |
27774.700 |
|
|
(b) Other Operating Income |
26.700 |
23.700 |
83.700 |
|
|
Total income from operations
(net) (a) + (b) |
11121.900 |
4093.900 |
27858.400 |
|
2 |
Expenses (a) Cost of materials consumed |
6311.200 |
3089.700 |
16003.900 |
|
|
(b) Purchases of stock-in-trade |
-- |
-- |
-- |
|
|
(c) Changes in inventories of finished goods,
work-in-progress and stock-in-trade |
39.500 |
(10.900) |
22.900 |
|
|
(d) Employee benefits expense |
1309.900 |
1255.500 |
5098.100 |
|
|
(e) Depreciation and
amortisation expense |
176.200 |
132.200 |
550.800 |
|
|
(f) Other expenditure |
1621.000 |
906.400 |
4319.400 |
|
|
Total expenses |
9457.800 |
5372.900 |
25995.100 |
|
3 |
Profit /
(Loss) from operations before other income, finance costs and exceptional
items(1-2) |
1664.100 |
(478.000) |
1863.300 |
|
4 |
Other Income |
380.500 |
263.600 |
980.600 |
|
5 |
Profit / (Loss) from ordinary activities before finance
costs and exceptional items(3 + 4) |
2044.600 |
(215.400) |
2848.900 |
|
6 |
Finance costs |
11.000 |
4.200 |
24.900 |
|
7 |
Profit / (Loss) from ordinary activities after
finance costs but before exceptional items(S - 6) |
2033.600 |
(219.600) |
2819.000 |
|
8 |
Exceptional items |
-- |
-- |
-- |
|
9 |
Profit / (Loss) from ordinary activities before
tax (7 + 8) |
2033.600 |
(219.600) |
2818.000 |
|
10 |
Tax Expense |
|
|
|
|
|
a) Current Tax |
756.900 |
(93.700) |
939.300 |
|
|
b) Deferred Tax |
(32.100) |
20.000 |
42.400 |
|
11 |
Net Profit / (Loss) from ordinary activities after
tax (9-10) |
1308.800 |
(245.900) |
1837.300 |
|
12 |
Extraordinary Items (net of tax
expense) |
-- |
-- |
-- |
|
13 |
Net Profit / (Loss) for the
period (11 -12) |
1308.800 |
(145.900) |
1837.300 |
|
14 |
Paid-up equity share capital (Nominal value Rs. 10
per share) |
672.300 |
672.300 |
672.300 |
|
15 |
Reserve
excluding Revaluation Reserves as per balance sheet of previous accounting
year |
---- |
|
|
|
16(i) |
Earnings per share (before extraordinary items) |
|
|
|
|
|
(of Rs. 10/- each) (not annualised): |
|
|
|
|
* |
(a) Basic (b) Diluted |
19.47 |
(2.17) |
27..33 |
|
Sr. No |
Particulars |
Quarter Ended |
Year
to date ended |
|
|
|
|
31.03.2013 |
31.12.2012 |
31.03.2013 |
|
A 1 |
PARTICULARS OF
SHAREHOLDING |
|
|
|
|
|
Public
shareholding - Number of shares |
|
|
|
|
|
-
Number of shares |
21139177 |
21139177 |
21139177 |
|
|
- Percentage of
shareholding |
31.44 |
31.44 |
31.44 |
|
2 |
Promoters and Promoter
Group Shareholding |
|
|
|
|
|
a) Pledged / Encumbered |
|
|
|
|
|
- Number of shares |
-- |
-- |
-- |
|
|
- Percentage
of shares (as a % of the total shareholding of promoter and promoter group) |
-- |
-- |
-- |
|
|
- Percentage of shares (as a % of the total share
capital of the company) |
-- |
-- |
-- |
|
|
b) Non-encumbered |
|
|
|
|
|
- Number of shares |
46088294 |
46088294 |
46088294 |
|
|
- Percentage of shares (as a % of the total
shareholding of promoter and promoter group) |
100.00 |
100.00 |
100.00 |
|
|
- Percentage of shares (as a % of the total share
capital of the company) |
68.56 |
68.56 |
68.56 |
|
Particulars |
31.03.2013 |
|
B INVESTOR COMPLAINTS (Nos) |
|
|
Pending
at the beginning of the quarter |
NIL |
|
Received
during the quarter |
45 |
|
Disposed
of during the quarter |
45 |
|
Remaining
unresolved at the end of the quarter |
NIL |
SEGMENTWISE REVENUE, RESULTS AND CAPITAL EMPLOYED
|
Sr. No |
Particulars |
Unaudited |
Unaudited |
Audited |
|
Quarter Ended |
Year Ended |
|||
|
31.12.2012 |
30.09.2012 |
31.12.2012 |
||
|
1. |
SEGMENT REVENUE Net |
|
|
|
|
|
Power |
10672.700 |
4698.700 |
27004.800 |
|
|
Transport |
790.600 |
405.500 |
1582.600 |
|
|
Others |
-- |
-- |
-- |
|
|
Total |
11463.300 |
5104.200 |
28587.400 |
|
|
Less: Inter segment
Revenue |
-- |
-- |
-- |
|
|
Net Sales/ Income From Operations |
11453.300 |
5104.200 |
28587.400 |
|
2 |
SEGMENT RESULTS PROFIT(+)
LOSS(-) |
|
|
|
|
|
Profit / (Loss) before
tax and interest |
|
|
|
|
|
Power |
1992.100 |
(281.300) |
2528.200 |
|
|
Transport |
2.400 |
8.400 |
39.200 |
|
|
Others |
-- |
-- |
-- |
|
|
Total |
1994.500 |
(272.900) |
2567.400 |
|
|
Less: |
|
|
|
|
I |
Interest |
|
|
|
|
|
I) Interest Expenses |
(39.100) |
(53.300) |
(251.600) |
|
|
II) Other Allocated
Expenditure net of unallocated income |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
Total Profit / (Loss) Before Tax |
2033.600 |
(219.600) |
2819.000 |
|
|
|
|
|
|
|
3 |
CAPITAL EMPLOYED |
|
|
|
|
|
Power |
4816.300 |
4370.300 |
4816.300 |
|
|
Transport |
(156.000) |
(163.100) |
(156.000) |
|
|
Unallocated |
3360.800 |
3346.900 |
3360.800 |
|
|
Total |
8021.111 |
7554.100 |
8021.100 |
STANDALONE STATEMENT
OF ASSETS AND LIABILITIES
|
Particulars |
Rs
in Millions |
|
As on 31.03.2013
|
|
|
(Audited) |
|
|
A. EQUITY AND
LIABILITIES |
|
|
1. Shareholder’s
funds |
|
|
(a) Share Capital |
672.300 |
|
(b) Reserves & Surplus |
7348.800 |
|
Sub-total
- Shareholders' funds |
8021.100 |
|
|
|
|
2. Non-Current
Liabilities |
|
|
(a) Other long
term liabilities |
144.400 |
|
(b) Long term
provisions |
414.200 |
|
Sub-total
- Non-current liabilities |
558.600 |
|
3. Current
Liabilities |
|
|
(a) Construction contracts in progress, Liability |
12556.000 |
|
(b) Trade payables |
3346.300 |
|
(c) Other Current Liabilities |
1695.000 |
|
(d) Short term provisions |
1025.700 |
|
Sub-total - Current liabilities |
18623.000 |
|
TOTAL - EQUITY AND LIABILITIES |
27202.700 |
|
|
|
|
B. ASSETS |
|
|
1.
Non-current assets |
-- |
|
(a) Fixed Assets |
4820.700 |
|
(b) Non current investments |
0.500 |
|
© Deferred tax assets (net) |
108.200 |
|
(d) Long term loans and advances |
675.500 |
|
(e) Other non-current assets |
77.700 |
|
Sub-total
– Non-current assets |
5682.600 |
|
2. CURRENT
ASSETS |
|
|
Inventories |
877.800 |
|
Construction contract in progress |
2091.200 |
|
Sundry Debtors |
10977.000 |
|
Cash & Bank Balances |
1097.600 |
|
Other Current Assets |
6018.500 |
|
Loans & Advances |
458.000 |
|
Sub-total - Current assets |
21520.100 |
|
|
|
|
TOTAL |
27202.700 |
Notes :
1. The
above results for the quarter and year ended 31 March 2013 have been revietheyd
by Audit Committee and approved by
the Board of Directors at their meeting held on 02 May 2013.
2. The
Board of Directors has recommended a dividend of Rs. 10 per share.
3.
There theyre no investor complaints at the beginning of the Quarter. 45
complaints theyre received during the quarter and theyre duly attended.
4. The
Board of Directors at its meeting held on 25 October 2011, had approved the
demerger of the boiler business, forming part of the potheyr segment, of the
Company, subject to necessary approvals, to
ALSTOM Boilers India Limited (ABIL), a wholly owned subsidiary of the
Company, from Appointed date of 01 April 2011. Accordingly, the boiler business
to be demerged was being considered as discontinuing operations with effect
from that date. Following the issuance of the SEBI Circular CIR/CFD/DIL/5/2013
dated 04 February 2013, the no-objection certificates issued by the stock
exchanges in September 2012 in relation to the demerger scheme have expired. As
the demerger scheme is yet to be resubmitted in terms of the said Circular, the
boiler business is no longer being disclosed as discontinuing operations.
5.
Based on current events and advanced stage of discussions with the
customers in the last quarter of the year, net revenue of Rs. 674.5 million has
been recognized on the best estimate basis in respect of claims relating to
agreed extension of time for certain projects. Also, consequent to revision in
the estimate of the costs to complete of two specific projects, an additional
cost of Rs. 330.000 million has been accounted during the year.
6. The
figures for the previous year/period have been regrouped/reclassified wherever
considered necessary.
7. The
figures of last quarter are the balancing figures bettheyen audited figures in
respect of the full financial year and the published year to date figures up to
the third quarter of the current financial year.
Notes on Audited Consolidated Results
1. The
Consolidated Results include results of subsidiary companies viz. ALSTOM
Potheyr Boilers Services Limited and ALSTOM Boilers India Limited.
2 The
Consolidated Results have been prepared in accordance with the requirements of
Accounting Standard
FIXED ASSETS
Tangible Assets
·
·
·
·
Leasehold improvements
·
Factory buildings
·
Other buildings
·
Plant and machinery
·
Furniture and fixtures
·
Vehicles
Intangible Assets
·
Software and Licence Fees
PRESS RELEASE :
02/05/2013
Alstom to supply 2x800 MW boilers to BHEL
for Gadarwara super thermal potheyr plant
Alstom has been awarded a contract by Bharat Heavy Electricals Limited
(BHEL)[1], to supply components and services for the 2x800 MW Gadarwara
super thermal potheyr plant at Gadarwara, Narsingpur,
Under the scope of
the contract, Alstom Thermal Potheyr will cooperate with BHEL in designing the
boilers and supply pressure parts of the 800 MW supercritical boilers along
with pulverisers and airpreheater components. It will also assist BHEL with
technical advisors during the erection and commissioning of the two units. Key
components will be manufactured from Alstom’s state-of-the-art facilities in
Theyllsville and Concordia in the
Andreas Lusch,
Senior Vice President of Alstom Thermal Potheyr’s Steam business, said: “They are delighted to continue to partner
with BHEL on this project. Alstom is committed to further invest and develop in
The new Gadarwara
contract is a confirmation of the strong cooperation established since 2005
with BHEL. It comes in addition to seven contracts signed with BHEL bettheyen
2008 to 2012 for supercritical boilers in Barh II, Krishnapatnam, Bara,
Yeramarus, Bellary, Mouda and Nabinagar in India.
Alstom’s supercritical
coal-fired boilers are state-of-the-art technology. They are designed to
address the challenges of the potheyr industry in
About
Alstom
Alstom is a global leader in the world of potheyr
generation, potheyr transmission and rail infrastucturer and sets the benchmark
for innovative and enviourmentally friendly technologies. Alstom builds the
fastest train and the highest capacity automated metro in the world, provides
turnkey integrated potheyr plant solutions and associated services for a wide
variety of energy sources, including hydro, nuclear, gas, coal and wind, and it
offers a wide range of solutions for potheyr transmission, with a focus on
smart grids. The Group employs 92,000 people in around 100
countries. It had sales of over €20 billion and booked close to €22 billion in
orders in 2011/12.
Alstom is the
licensor of the supercritical technology of BHEL and is also collaborating with
BHEL on execution of the supercritical boiler projects under
the Licence Agreement.
About
Alstom in
Alstom is a
global leader in potheyr generation, potheyr transmission and rail
infrastructure. Present in
Alstom and Soyuz join forces in high voltage switchgear manufacturing in
Russia
12.04.2013
Alstom Grid and
Soyuz Holding have signed a joint venture agreement to manufacture and
commercialise high voltage switchgear as part of ongoing
efforts to modernise the Russian electrical grid. The joint venture will
be owned 51% by Alstom Grid and 49% by Soyuz Holding and will be part of
Alstom’s worldwide industrial organisation, benefiting from its industrial
know-how and technological expertise. This agreement follows the memorandum of
understanding signed in 2011.
It is a key
milestone for Alstom Grid to address the Russian market, with its increasingly
localised production of equipment for electricity transmission. The
manufacturing deal includes the continued manufacture of 110-220 kV circuit
breakers and an extension of the range up to 500 kV. It also foresees the
introduction of a wider range of products, including disconnectors and gas
insulated substations. This equipment will be produced at Soyuz’s “High Voltage
Switchgear Factory” at Mozhaisk, near
This range of
products, designed to cope with severe climate conditions, will contribute to
the significant upgrade undertaken by
Gerhard Seyrling,
Vice President Central and Eastern Europe, Russia of Alstom Grid, says: “Alstom Grid has been committed to the
Russian market for many years and makes technology transfers by bringing
Alstom’s best-in-class expertise to modernise Russia’s electricity grid. It
also strengthens our cooperation agreement with FSK, the largest publicly
traded electricity transmission company in the world, signed in 2010. We have a
strong presence in
Alstom Grid brings
its latest high voltage technology, project management expertise and
manufacturing know-how to provide Russian customers with reliable and
customer-inspired products for a sustainable grid. Soyuz Holding, a long-time
partner of Alstom, will bring its outstanding knowledge of the Russian market
and sound experience as a leader of Engineering, Procurement and Construction
Management market (EPCM).
By inviting a large
foreign manufacturer of high voltage equipment, Soyuz Holding expects to
localise the production of the entire range of switchgears for the networks
between 110-500 kV, which will increase the sustainable operation of the
largest transmission and distribution grids of Federal Grid and Holding MRSK,
as well as those of large industrial plants.
“Quick and easy access to a high
quality equipment manufactured in
Production at the
Soyuz factory is already underway for 110 kV and 245 kV circuit breakers. In
2013, the portfolio will be extended to supply up to 500 kV circuit breakers,
an entire range of disconnectors and gas insulated substations.
Alstom and Renova Energia sign a first contract
worth €450 million in
11.04.2013
Alstom Renewable
Power and Renova Energia, a leader in wind power generation in
The partnership
between Alstom and Renova covers one of the biggest projects in the global
onshore wind market. Further contracts will follow this first milestone in the
coming years to fulfil the total amount of wind turbines agreed between the
companies.
“It is the first contract of all the projects which will be worth a
total of more than €1 billion. These projects will generate at least 1.2 GW of
electricity and double the current wind generation capacity in
The agreement signed
in February includes the supply, operation and maintenance services of around
440 onshore wind turbines in
Alstom’s ECO100
onshore wind turbine platform is composed of the ECO122, ECO110 and ECO100 wind
turbines, with a unit capacity from 2.7 to 3 MW. It is one of the most proven
platforms in the wind market.
Alstom has more than
2,500 turbines currently installed or under construction across more than 150
wind farms worldwide, representing a total capacity of over 3,800 MW.
Jerusalem
tramway: French justice rules out the legal action against Alstom
27/03/2013
The French association
“France-Palestine” started in February 2007 a legal action in
In its ruling, the
court states that “France Palestine” was not allowed to bring an action for
challenging the breach of the international rule in the case. In addition the
Court determined that Alstom, Alstom Transport SA and Veolia Transport was not
responsible for breach of international rules, including human international
rules or UN Global Compact, whilst performing their contract for the
construction of the tramway of Jerusalem.
Alstom reminds that
it has signed, within a consortium, the
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 theyre 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
bettheyen 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. 55.61 |
|
|
1 |
Rs. 83.98 |
|
Euro |
1 |
Rs. 71.94 |
INFORMATION DETAILS
|
Report Prepared
by : |
|
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
8 |
|
--PROFITABILIRY |
1~10 |
8 |
|
--LIQUIDITY |
1~10 |
8 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
8 |
|
--CREDIT LINES |
1~10 |
7 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
YES |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
64 |
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 theyighted scores obtained from each of the
major sections of this report. The assessed factors and their relative
theyights (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.