|
|
|
Country |
|
|
Company Name |
RELIANCE INFRASTRUCTURE LIMITED |
Principal Name 1 |
Mr. Anil D. Ambani |
|
Status |
Good |
Principal Name 2 |
Mr. Satish Seth |
|
|
|
Registration # |
11-001530 |
|
Street Address |
H Block, 1st
Floor, |
||
|
Established Date |
01.10.1929 |
SIC Code |
-- |
|
Telephone# |
91-22-30099999 |
Business Style 1 |
Distribution of Power Generation |
|
Fax # |
Not Available |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
Power Contracting |
|
|
# of employees |
8388 (Approximately) |
Product Name 2 |
Computer Services |
|
Paid up capital |
Rs.2630,300,000
/- |
Product Name 3 |
-- |
|
Shareholders |
Promoter
and Promoter Group (48.78%) Public
Shareholding (51.22%) |
Banking |
Canara Bank |
|
Public Limited Corp. |
YES |
Business Period |
84 Years |
|
IPO |
YES |
International Ins. |
- |
|
Public |
YES |
Rating |
A (68) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Subsidiaries |
|
Reliance
Power Transmission Limited |
-- |
|
Balance Sheet as of |
31.03.2013 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
259,961,500,000 |
Current Liabilities |
44,762,100,000 |
|
Inventories |
3,672,800,000 |
Long-term Liabilities |
102,883,300,000 |
|
Fixed Assets |
68,767,300,000 |
Other Liabilities |
92,092,900,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
239,738,300,000 |
|
Invest& other Assets |
109,693,200,000 |
Retained Earnings |
199,726,200,000 |
|
|
|
Net Worth |
202,356,500,000 |
|
Total Assets |
442,094,800,000 |
Total Liab. &
Equity |
442,094,800,000 |
|
Total Assets (Previous Year) |
433,795,900,000 |
|
|
|
P/L Statement as of |
31.03.2013 |
(Unit: Indian Rs.) |
|
|
Sales |
143220,300,000 |
Net Profit |
19,995,200,000 |
|
Sales(Previous yr) |
179066,700,000 |
Net Profit(Prev.yr) |
20,002,600,000 |
|
Report Date : |
18.10.2013 |
IDENTIFICATION DETAILS
|
Name : |
RELIANCE INFRASTRUCTURE LIMITED |
|
|
|
|
Registered
Office : |
H Block, 1st Floor, Dhirubhai Ambani, Knowledge City, Navi Mumbai
– 400 710, Maharashtra |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
01.10.1929 |
|
|
|
|
Com. Reg. No.: |
11-001530 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 2630.300 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
L99999MH1929PLC001530 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMR16295G/ PNER06328A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACB2273R/ AACCR7446Q |
|
|
|
|
Legal Form : |
A Public Limited Liability Company. The Company’s Shares are Listed on
the Stock Exchanges. |
|
|
|
|
Line of Business
: |
Distribution of Power Generation of Power Contracting and Computer
Services. |
|
|
|
|
No. of Employees
: |
8388 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
A (68) |
|
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 809426000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Exist |
|
|
|
|
Comments : |
Subject is one of the important companies of the RELIANCE GROUP. It is
an old, well established and reputed company having good track record. There appears dip in sales turnover of the company during financial year
2013. However, fundamentally the company appears to be strong. The financial
position of the company is strong and healthy. Directors are reported to be
well – experienced, knowledgeable businessman. Trade relations are reported as fair. Business is active. Payments are
reported to be regular. The company can be considered normal for business dealings at usual
trade terms and conditions. |
NOTES:
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
|
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
We are living in a world
where volatility and uncertainty have become the New Normal. We saw a
change of government in countries like
There is another
megatrend happening. The World order is changing as economic power shifts from
West to East. According to McKinsey study, it took
The years after the
outbreak of the global financial crisis, the world economy continues to remain
fragile. The Indian economy demonstrated remarkable resilience in the initial
years of the contagion but finally lost ground last year. GDP growth slowed
down. Currency has been weakening. There is a marked deceleration in
agriculture, industry and services. Dampening sentiment led to a cut-back in
investment as well as private consumption expenditure. Inflation remained
at high levels fuelled by the pressure from the food and fuel sectors. The
large fiscal and current account deficit s continued to cause grave concern. It
is imperative that
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Non Convertible Debenture |
|
Rating Explanation |
At adequate credit quality and average
credit risk. |
|
Date |
28.09.2013 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Debt=AI+C |
|
Date |
28.09.2013 |
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 : |
H Block, 1st Floor, Dhirubhai Ambani, Knowledge City, Navi
Mumbai – 400710, Maharashtra , India |
|
Tel. No.: |
Not Available |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Office : |
|
|
Tel. No.: |
91-22-30099999/ 26639999 |
|
Fax No.: |
91-22-30099763/
26639741 |
|
|
|
|
Power Stations
: |
Dahanu
Power Station BSES Nagar, Opposite Sancoale,
Industrial Estate, Zuarinagar- 403 726, Sancoale Mormugao Goa, Samalkot Power Station Industrial
Development Area, Peddapuram Mandal, Samalkot- 533 440 Andhra Pradesh, Wind Farm Near Almangala-
577 558, Chitradurga, District |
DIRECTORS
AS ON 27.08.2013
|
Name : |
Mr. Anil Dhirubhai Ambani |
|
Designation : |
Chairman |
|
|
|
|
Name : |
Mr. Sateesh Seth |
|
Designation : |
Vice Chairman |
|
|
|
|
Name : |
Dr. V K Chaturvedi |
|
Designation : |
Director |
|
|
|
|
Name : |
Mr. R R Rai |
|
Designation : |
Director |
|
|
|
|
Name : |
Mr. S S Kohli |
|
Designation : |
Director |
|
|
|
|
Name : |
Mr. K RaviKumar |
|
Designation : |
Director |
KEY EXECUTIVES
|
Name : |
Mr. Shri Lalit Jalan |
|
Designation : |
Chief Executive Officer |
|
|
|
|
Name : |
Mr. Ramesh Shenoy |
|
Designation : |
Company Secretary and Manager |
MAJOR SHAREHOLDERS
AS ON 30.06.2013
|
Names of Shareholders |
No. of Shares |
Percentage
of Holding |
|
Individuals / Hindu Undivided Family |
663,378 |
0.25 |
|
Bodies Corporate |
126,963,612 |
48.72 |
|
Sub Total |
127,626,990 |
48.98 |
|
(2) Foreign |
|
|
|
Total shareholding of Promoter and Promoter Group (A) |
127,626,990 |
48.98 |
|
(1) Institutions |
|
|
|
Mutual Funds / UTI |
4,781,569 |
1.85 |
|
Financial Institutions / Banks |
1,570,892 |
0.61 |
|
Central Government / State Government(s) |
54,015 |
0.05 |
|
Insurance Companies |
46,367,835 |
17.79 |
|
Foreign Institutional Investors |
39,092,440 |
15.09 |
|
Sub Total |
91,866,751 |
35.39 |
|
(2) Non-Institutions |
|
|
|
Bodies Corporate |
7,665,967 |
2.98 |
|
Individuals |
- |
- |
|
Individual shareholders holding nominal share capital up to Rs. 1 lakh |
25,428,405 |
11.48 |
|
Individual shareholders holding nominal share capital in excess of Rs.
1 lakh |
1,389,832 |
0.55 |
|
Any Others (Specify) |
1,363,959 |
0.63 |
|
NRIs/OCBs |
1,363,959 |
0.63 |
|
Sub Total |
35,848,163 |
15.63 |
|
Total Public shareholding (B) |
127,714,914 |
51.02 |
|
Total (A)+(B) |
255,341,904 |
100.00 |
|
(C) Shares held by Custodians and against which Depository Receipts
have been issued-m |
- |
- |
|
(1) Promoter and Promoter Group |
- |
- |
|
(2) Public |
2,414,756 |
- |
|
Sub Total |
2,414,756 |
- |
|
Total (A)+(B)+(C) |
257,756,660 |
- |
BUSINESS DETAILS
|
Line of Business : |
Distribution of Power Generation of Power Contracting and Computer
Services. |
GENERAL INFORMATION
|
No. of Employees : |
8388 (Approximately) |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Bankers : |
·
Canara
Bank ·
UCO
Bank ·
Union
Bank of ·
Standard
Chartered Bank ·
HDFC
Bank Limited ·
ICICI
Bank Limited ·
ABN
Amro Bank N.V ·
State
Bank of ·
HSBC
Bank |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Facilities : |
LONG TERM
BORROWINGS: |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
NOTE: Security: Non Convertible Debentures referred above to the extent of: a)
Rs.6250 Millions are secured by way of first
charge, ranking pari-passu with the charges created in favour of the
Company’s existing and proposed Lenders on Company’s fixed assets, both
present and future, located at its plants situated at Goa and Samalkot and
specific premises at Hyderabad. b)
Rs.8500 Millions are secured by way of first
charge, ranking pari-passu with the charges created in favour of the
Company’s existing and proposed Lenders on Company’s certain fixed
assets, both present and future, located at its plant situated at Dahanu and
on Company’s specific premises in Mumbai. c)
Rs.10000 Millions are secured by way of first
pari-passu charge on specific land and buildings and certain fixed
assets of Mumbai Distribution Business of the Company. The term loans of Rs.12917.300 Millions are
secured as under: a)
Rs.3360 Millions from Central Bank of India is
secured by way of first exclusive pari-passu charge on certain fixed
assets of Mumbai Distribution Business. b)
Rs.2727.300 Millions from Central Bank of India
is secured by way of first exclusive pari-passu charge on certain fixed
assets of EPC business. c)
Rs.3000 Millions from South Indian Bank is
secured by way of first pari-passu charge on certain fixed assets
of Mumbai Transmission Business. d)
Rs.680 Millions from Corporation Bank is secured
by way of first pari-passu charge on certain fixed assets of
Mumbai Transmission Business. e)
Rs.650 Millions from State Bank of Hyderabad is
secured by way of first pari-passu charge on certain fixed assets
of Mumbai Transmission Business. f)
Rs.2500 Millions from Bank of Maharashtra is
secured by way of first exclusive charge on certain fixed assets
of Mumbai Transmission Business. SHORT TERM
BORROWINGS:
Security:
Working Capital Loans and Buyers’ Credit from Consortium Banks are secured by
way of first pari passu charge on stock, book debts, other current assets and
additionally secured by a specific immovable property of the Company; Out of the
above, Working Capital Loan of Rs.3000.000 Millions will be secured by way of
first pari passu charge on all present and future non-current regulatory
assets of the Company and additionally secured by exclusive charge on a
specific immovable property of the Company. |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors 1 : |
|
|
Name : |
Haribhakti and Company Chartered Accountants |
|
|
|
|
Auditors 2 : |
|
|
Name : |
Pathak H D and Associates Chartered Accountants |
|
|
|
|
Subsidiaries (including step down subsidiaries) : |
·
Reliance Power Transmission Limited (RPTL) ·
Western Region Transmission ( ·
Western Region Transmission ( ·
Talcher – II Transmission Company Limited (TTCL) w.e.f. April 27, 2010 ·
North Karanpura Transmission Company Limited (NKTCL) w.e.f. May 20,
2010 ·
Reliance Infraventures Limited (RInvL) ·
BSES Kerala Power Limited (BKPL) ·
Noida Global SEZ Private Limited (NGSPL) ·
Reliance Energy Trading Limited (RETL) ·
Mumbai Metro One Private Limited (MMOPL) ·
Parbati Koldam Transmission Company Limited (PKTCL) ·
Delhi Airport Metro Express Private Limited (DAMEPL) ·
CBD Tower Private Limited (CBDTPL) ·
Tulip Realtech Private Limited (TRPL) ·
Reliance Energy Generation Limited (REGL) ·
Reliance Energy Limited (REL) ·
Reliance Property Developers Limited (RPDL) ·
Reliance ·
DS Toll Road Limited (DSTL) ·
NK Toll Road Limited (NKTL) ·
SU Toll Road Private Limited (SUTL) ·
TD Toll Road Private Limited (TDTL) ·
TK Toll Road Private Limited (TKTL) ·
GF Toll Road Private Limited (GFTL) ·
KM Toll Road Private Limited (KMTL) ·
PS Toll Road Private Limited (PSTL) ·
HK Toll Road Private Limited ( HKTL) w.e.f. May 19, 2010 ·
DA Toll Road Private Limited (DATL) w.e.f. May 26, 2010 ·
Reliance Cementation Private Limited (RCPL) ·
Reliance Cement and Infra Private Limited (RCIPL) ·
Reliance Cement Corporation Private Limited (RCCPL) ·
Reliance Cement Works Private Limited (RCWPL) ·
Utility Infrastructure and Works Private Limited (UIWPL) w.e.f.
December 28, 2010 ·
Reliance Concrete Private Limited ( RCoPL) (erstwhile Reliance Cement
Private Limited) w.e.f. March 18, 2011 ·
Reliance Airport Developers Private Limited (RADPL) ·
Latur Airport Private Limited (LAPL) ·
Baramati Airport Private Limited (BAPL) ·
Nanded Airport Private Limited (NAPL) ·
Yavatmal Airport Private Limited (YAPL) ·
Osmanabad Airport Private Limited (OAPL) ·
Reliance Infrastructure Engineers Private Limited (RIEPL) w.e.f. March
25, 2011 ·
Reliance Sealink One Private Limited ( RSOPL) w.e.f. May 26, 2010 |
|
|
|
|
Associates (including subsidiaries of associates) : |
·
Reliance Infrastructure Engineers Private Limited (RIEPL) upto March
19,2012 ·
Reliance Infrastructure and Consultants Limited (RICL) ·
Reliance Power Limited (RePL) ·
Urthing Sobla Hydro Power Private Limited (USHPPL) ·
Rosa Power Supply Company Limited (ROSA) ·
Sasan Power Limited (SPL) ·
Vidarbha Industries Power Limited (VIPL) ·
Chitrangi Power Private Limited (CPPL) ·
Tato Hydro Power Private Limited (THPPL) ·
Siyom Hydro Power Private Limited (SHPPL) ·
Jharkhand Integrated Power Limited (JIPL) ·
Coastal Andhra Power Limited (CAPL) ·
Reliance Coal Resources Private Limited (RCRPL) ·
Samalkot Power Limited (SaPoL) w.e.f. July 29, 2010 ·
JR Toll Road Private Limited ( JRTL) ·
Mumbai Metro Transport Private Limited (MMTPL) ·
Metro One Operation Private Limited(MOOPL) |
|
|
|
|
Joint Ventures : |
·
BSES Rajdhani Power Limited (BRPL) ·
BSES Yamuna Power Limited (BYPL) ·
Tamilnadu Industries Captive Power Company Limited (TICAPCO) ·
Utility Powertech Limited (UPL) |
|
|
|
|
Investing Party : |
·
AAA Project Ventures Private Limited (AAAPVPL |
|
|
|
|
Enterprises over which person has significant influence : |
·
Reliance Natural Resources Limited (RNRL) upto October 14, 2010 ·
Reliance Communications Limited (RComm) ·
Reliance Innoventures Private Limited(REIL) ·
Reliance Webstores Limited (RWeb) ·
Reliance General Insurance Company Limited (RGI) ·
Reliance Capital Limited (RCap) ·
Reliance Infratel Limited (RInfTL) ·
Reliance Infocomm Infrastructure Private Limited (RIIPL) ·
Reliance Big Entertainment Private Limited (RBig) |
CAPITAL STRUCTURE
AS ON 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
450060000 |
Equity Shares |
Rs. 10/- each |
Rs.4500.600 Millions |
|
8000000 |
Equity Shares with Differential Rights |
Rs. 10/- each |
Rs.80.000 Millions |
|
1550000000 |
Redeemable preference Shares |
Rs. 10/- each |
Rs.15500.000 Millions |
|
42000000 |
Unclassified Shares |
Rs. 10/- each |
Rs.420.000 Millions |
|
|
|
|
|
|
|
Total |
|
Rs.20500.600
Millions |
Issued Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
265392065 |
Equity Shares |
Rs. 10/- each |
Rs.2654.000 Millions |
|
|
|
|
|
Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
262990000 |
Equity Shares |
Rs. 10/- each |
Rs.2629.900 Millions |
|
354479 |
Add: Forfeited Shares- Amounts Originally Paid up |
|
Rs.0.400 Million |
|
|
|
|
|
|
|
Total |
|
Rs.2630.300
Millions |
a.
Reconciliation of the number of shares
|
Equity Shares |
Number
of Shares |
|
Shares outstanding at the beginning of the year |
262990000 |
|
Shares issued during the year |
- |
|
Shares
outstanding at the end of the year |
262990000 |
b.
Details of equity shares held by shareholders
holding more than 5% shares:
|
Name of
Shareholder |
Number
of Shares |
% holding |
|
AAA Project Ventures Private Limited |
106148937 |
40.36 |
|
Life Insurance Corporation of India |
22042411 |
8.38 |
|
Reliance Big private Limited |
19500000 |
7.42 |
|
Total |
147691348 |
|
Terms / Rights attached to equity shares:
a)
Voting-
The Parent Company
has only one class of equity shares having a par value of ` 10 per share. Each holder
of equity shares is entitled to one vote per share.
b)
Dividends-
Respective
companies declare and pay 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.
During the year
ended March 31, 2013, the amount of per share dividend recognised as
distributions to equity shareholders was Rs.7.40 (Rs. 7.30)
c)
Liquidation-
In the event of
liquidation, the holders of equity shares will be entitled to receive all of
the remaining assets after distribution of all preferential amounts. The
distribution will be in proportion to the number of equity shares held by the
shareholders.
d) Buy-back of Equity Shares:
Aggregate number
of shares bought back during the period of five years immediately preceding the
reporting date – 1,56,90,262 (1,56,90,262)
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
|
31.03.2013 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
|
2630.300 |
|
(b) Reserves & Surplus |
|
|
199726.200 |
|
(c) Money
received against share warrants |
|
|
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
|
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
|
202356.500 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
|
38810.400 |
|
(b) Deferred tax liabilities (Net) |
|
|
5545.200 |
|
(c) Other long term liabilities |
|
|
29976.000 |
|
(d) long-term provisions |
|
|
4013.000 |
|
Total Non-current Liabilities (3) |
|
|
78344.600 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
|
64072.900 |
|
(b) Trade payables |
|
|
37839.600 |
|
(c) Other current
liabilities |
|
|
56571.700 |
|
(d) Short-term provisions |
|
|
2909.500 |
|
Total Current Liabilities (4) |
|
|
161393.700 |
|
|
|
|
|
|
TOTAL |
|
|
442094.800 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
|
54419.600 |
|
(ii) Intangible Assets |
|
|
14347.700 |
|
(iii) Capital
work-in-progress |
|
|
4727.500 |
|
(iv) Intangible
assets under development |
|
|
0.000 |
|
(b) Non-current Investments |
|
|
104965.700 |
|
(c) Deferred tax assets (net) |
|
|
0.000 |
|
(d) Long-term Loan and Advances |
|
|
5726.500 |
|
(e) Other Non-current assets |
|
|
40481.300 |
|
Total Non-Current Assets |
|
|
224668.300 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
|
28048.600 |
|
(b) Inventories |
|
|
3672.800 |
|
(c) Trade receivables |
|
|
32492.500 |
|
(d) Cash and cash equivalents |
|
|
1186.500 |
|
(e) Short-term loans and
advances |
|
|
130566.900 |
|
(f) Other current assets |
|
|
21459.200 |
|
Total Current Assets |
|
|
217426.500 |
|
|
|
|
|
|
TOTAL |
|
|
442094.800 |
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
2630.300 |
2674.700 |
|
|
2]Equity Warrants
Issued |
|
0.000 |
0.000 |
|
|
3] Share Application Money |
|
0.000 |
0.000 |
|
|
4] Reserves & Surplus |
|
182778.500 |
174000.400 |
|
|
5] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
185408.800 |
176675.100 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
50021.500 |
15839.200 |
|
|
2] Unsecured Loans |
|
41455.800 |
23853.700 |
|
|
TOTAL BORROWING |
|
91477.300 |
39692.900 |
|
|
DEFERRED TAX LIABILITIES |
|
4495.200 |
990.300 |
|
|
|
|
|
|
|
|
TOTAL |
|
281381.300 |
217358.300 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
70719.700 |
62059.700 |
|
|
Capital work-in-progress |
|
6819.100 |
6492.500 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
127850.600 |
125840.800 |
|
|
DEFERREX TAX ASSETS |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
3094.000
|
2903.400
|
|
|
Sundry Debtors |
|
45655.900
|
48578.800
|
|
|
Cash & Bank Balances |
|
6860.700
|
3710.500
|
|
|
Other Current Assets |
|
54824.100
|
17681.200
|
|
|
Loans & Advances |
|
117971.800
|
88066.300
|
|
Total
Current Assets |
|
228406.500
|
160940.200 |
|
|
Less : CURRENT LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
38246.200
|
43695.200
|
|
|
Other Current Liabilities |
|
108095.700
|
81419.000
|
|
|
Provisions |
|
6072.700
|
12860.700
|
|
Total
Current Liabilities |
|
152414.600
|
137974.900 |
|
|
Net Current Assets |
|
75991.900
|
22965.300
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
281381.300 |
217358.300 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
143220.300 |
179066.700 |
58062.100 |
|
|
|
Income of EPC and
Contract Business |
0.000 |
0.000 |
36085.800 |
|
|
|
Other Income |
10828.200 |
7086.800 |
8516.500 |
|
|
|
TOTAL |
154048.500 |
186153.500 |
102664.400 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Electrical Energy Purchased |
24682.500 |
24591.700 |
27243.100 |
|
|
|
Cost of Fuel |
15786.100 |
15486.700 |
13011.400 |
|
|
|
Tax on |
0.000 |
0.000 |
1343.500 |
|
|
|
Generation, Distribution, Administration and
Other Expenses |
0.000 |
0.000 |
12100.000 |
|
|
|
Expenditure of EPC and Contract Business |
0.000 |
0.000 |
32057.300 |
|
|
|
Construction Material Consumed and Sub-Contracting Charges |
66792.600 |
97376.900 |
0.000 |
|
|
|
Employee benefit expenses |
8561.300 |
7404.800 |
0.000 |
|
|
|
Other expenses |
8262.800 |
7957.100 |
0.000 |
|
|
|
TOTAL |
124085.300 |
152817.200 |
85755.300 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST TAX DEPRECIATION AND AMORTISATION |
29963.200 |
33336.300 |
16909.100 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
8793.800 |
5681.000 |
2424.500 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX DEPRECIATION AND AMORTISATION |
21169.400 |
27655.300 |
14484.600 |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
3920.500 |
2677.700 |
3134.100 |
|
|
|
|
|
|
|
|
|
Add |
EXCEPTIONAL ITEMS |
4183.400 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
21432.300 |
24977.600 |
11350.500 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
1437.100 |
4975.000 |
541.400 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
19995.200 |
20002.600 |
10809.100 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
6190.000 |
4000.000 |
5984.600 |
|
|
|
|
|
|
|
|
|
Less |
Statutory Reserve and Other Appropriation |
0.000 |
0.000 |
190.600 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
16000.000 |
15000.000 |
10000.000 |
|
|
|
Proposed / Interim Dividend |
0.000 |
- |
1912.500 |
|
|
|
Dividend On Equity Shares |
2140.000 |
2220.000 |
0.000 |
|
|
|
Corporate Tax on Dividend |
0.000 |
0.000 |
310.300 |
|
|
|
Transfer to Debenture Redemption Reserve |
1320.000 |
480.000 |
378.900 |
|
|
|
Transfer to Statutory Reserve |
120.000 |
110.000 |
0.000 |
|
|
BALANCE CARRIED
TO THE B/S |
6605.200 |
6192.600 |
4001.400 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
|
|
Premium on Redeemable Preference Shares |
0.000 |
0.000- |
1155.000 |
|
|
|
Other Income |
0.035 |
1.600 |
6.800 |
|
|
|
Derivative Gain (Net) on commodity hedging |
0.000 |
131.400 |
0.000 |
|
|
TOTAL EARNINGS |
0.035 |
133.000 |
1161.800 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Fuel Coal |
3523.800 |
3478.300 |
2419.300 |
|
|
|
Components & Spares Parts |
5.600 |
7.300 |
12.100 |
|
|
|
Capital Goods |
925.000 |
3642.300 |
331.000 |
|
|
|
Other Materials (including EPC contract materials) |
25675.900 |
40691.00 |
2573.200 |
|
|
TOTAL IMPORTS |
30130.300 |
47818.900 |
5335.6 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share |
|
|
|
|
|
|
Basic |
76.03 |
75.70 |
43.23 |
|
|
|
Diluted |
76.03 |
75.70 |
40.51 |
|
QUARTERLY RESULTS
|
PARTICULARS |
30.06.2012 (Unaudited) |
|
|
1st
Quarter |
|
Net sales |
32789.400 |
|
Total Expenditure |
28388.500 |
|
Profit before interest, depreciation and
tax (Excluding Other Income) |
4400.900 |
|
Other income |
3141.000 |
|
Operating Profit |
7541.900 |
|
Interest |
2171.700 |
|
Exceptional; Items |
0.000 |
|
Profit before depreciation and tax |
5370.200 |
|
Depreciation |
827.900 |
|
Profit before tax |
4542.300 |
|
Tax |
800.000 |
|
Profit after tax |
3742.300 |
|
Extraordinary items |
0.000 |
|
Prior period expenses |
0.000 |
|
Other adjustments |
0.000 |
|
Net Profit |
3742.300 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total
Income |
(%) |
12.98
|
10.75 |
10.53
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
14.96
|
13.94 |
19.55
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
7.49
|
8.35 |
5.09
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.11
|
0.13 |
0.06
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.51
|
1.31 |
1.01
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.35
|
1.50 |
1.17
|
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 |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact
person |
No |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
----------- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details
(if applicable) |
No |
|
21] |
Market information |
---------- |
|
22] |
Litigations that the firm
/ promoter involved in |
Yes |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
---------- |
|
26] |
Buyer visit details |
---------- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of Proprietor/Partner/Director,
if available |
No |
|
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 |
LITIGATION DETAILS:
CASE DETAILS
Bench: - Bombay
|
Loading No:- ITXAL/1067/2013 |
Filing Date:- 09/07/2013 |
Reg. No:- ITXA/1899/2013 |
Reg. Date:- 09/10/2013 |
|
Petitioner:- COMMISSIONER OF INCOME TAX10- |
Respondent:- M/S RELIANCE INFRASTRUCTURE LTD., |
|
Petn.Adv:- ARVIND PINTO |
|
District:- MUMBAI
Bench:- DIVISION
Status:- Pre-Admission
Category:- TAX APPEALS
Next Date:- 19/10/2013 Stage:-
Corum:- ACCORDING TO SITTING LIST
ACCORDING TO SITTING LIST
Act:- Income Tax Act, 1961
Category:-
Section:
- 260A
Financial
Performance:
During the year, the Company earned an income of 154050.000 Millions,
against Rs.186150.000 Millions in the previous year. Subject earned profit
after tax of Rs.20000.000 Millions being the same amount as earned in the
previous year. Shareholders’ equity (Net worth) increased to Rs.202360.000
Millions from Rs.186500.000 Millions in the previous year.
Business
Operations:
The Company is in the business of generation, transmission and
distribution of electricity. The Company is the leading player in the country
in the Engineering, Procurement and Construction (EPC) segment of the power and
infrastructure sectors. The Company is also engaged in implementation,
operation and maintenance of several projects through special purpose vehicles
in various infrastructural areas.
Overall Review:
Reliance Infrastructure Limited is India’s leading private sector
infrastructure company, with aggregate group revenues of about Rs.409800.000
Millions (US 7.5 billion) and gross fixed assets of Rs.373300.000
Millions (US$ 6.9 billion). Reliance Infrastructure is ranked amongst India’s
leading private companies on all major financial parameters, including
assets, sales, profits and market capitalization.
·
Total Income of Rs.154050.000 Millions (US$ 2.8
billion) as compared to Rs.186150.000 Millions (US$ 3.7 billion) in the
previous financial year.
·
Net Profit stable at Rs.20000.000 Millions
(US$ 368 million) as compared to previous financial year.
·
Cash Profit of Rs.24970.000 Millions (US$ 460
million)
·
Earnings per Share of Rs.76.0 Millions (US$ 1.4) as
compared to 75.7 (US$ 1.5 billion) in the previous financial year.
·
Cash Earnings per Share of Rs.94.9 (US$ 17.0) for
the year
In order to optimise shareholder value, the Company continues to focus
on in-house opportunities as well as selective large external projects for its
Engineering, Procurement and Construction (EPC) and Contracts Division. The EPC
and Contracts Division (the EPC Division) order book position stood at
Rs.102150.000 Millions (US$ 1.9 billion) as on March 31, 2013.
Financial Review:
Reliance Infrastructure’s total income for the year ended March 31, 2013
was Rs.154050.000 Million (US$ 2.8 billion) as compared to Rs.186150.000 Millions
in the previous year.
The total income includes earnings from sale of electrical energy of
Rs.58340.000 Millions as compared to Rs.53210.000 Millions recorded last year.
The sale of electrical energy includes income of Rs.2500.000 Million (US$ 46
million) and Rs.3530.000 Millions (US$ 65 million) from the Samalkot Power
Station and the Goa Power Station, respectively.
The income of the EPC business was Rs.79240.000 Millions (US$ 1.5
billion), as compared to Rs.116780.000 Millions in the previous year.
During the year, interest expenditure increased to Rs.8790.000 Millions
(US$ 162 million) as compared to Rs.5680.000 Millions in the previous year.
During the year, the Company, in order to reflect the true value of its
prime assets, revalued the free hold land, buildings and plant and machinery of
the power stations located at Samalkot and Goa and windfarm at Chitardurg with
effect from April 1, 2012 by Rs.4960.000 Millions (US$ 91 million). On account
of such revaluation, the depreciation on such revalued assets was higher by
Rs.260.000 Millions (US$ 5 million) and the same was adjusted by withdrawing
equivalent amount from the revaluation reserve, which was credited to the
statement of Profit and Loss Account.
The generation plants – Samalkot power station, Goa power station and
the wind farm in Karnataka are all eligible for tax holiday under Section 80IA
of the Income-tax Act, 1961 for a total of 10 consecutive years out of 15
years.
The corporate tax liability for the year was Rs.1440.000 Million (US$ 27
million) as compared to Rs.4980.000 Millions in the previous year Cash profit
for the year was Rs.24970 Million (US$ 460 million) as compared to Rs.26190.000 Millions in the previous year.
Net profit for the year was stable at Rs.20000 Million (US$ 368
million) as compared to previous financial year.
At its meeting held on May 14, 2013, the Board recommended payment of
dividend of ` 7.40 per share,
aggregating to a pay out of Rs.1950
Million (US$ 36 million) (excluding dividend distribution tax) for the year
ended March 31, 2013.
The capital expenditure during the year was Rs.10200 Million (US$ 188
million), incurred primarily on modernizing and strengthening of the
transmission and distribution network.
Total gross fixed assets increased during the year to Rs.120980
Million (US$ 2.2 billion).
The Company ranks among the leading Indian private sector companies in
terms of net worth. As on March 31, 2013 the net worth of the Company stood at
Rs.202360 Million (US$ 3.7 billion).
Pursuant to the sanction by the Hon’ble High Court of Bombay of
arrangement between the Company and its wholly owned subsidiaries, viz.
Reliance Bhavnagar Power Private Limited and Reliance Infrastructure Engineers
Private Limited and Reliance Jamnagar Power Private Limited, these wholly owned
subsidiaries of the Company, were merged with the Company with effect from the
appointed date February 1, 2013.
UNSECURED LOANS:
|
Particulars |
31.03.2012 Rs. In Millions |
31.03.2011 Rs. In Millions |
|
Long Term Borrowings |
|
|
|
Non Convertible
Debentures (Redeemable at par) |
0.000 |
3000.000 |
|
External
Commercial Borrowings in Foreign Currency |
8142.800 |
7631.200 |
|
Buyers’ Credit
from Banks in Foreign Currency |
0.000 |
1525.300 |
|
Short Term Borrowings |
|
|
|
Term Loans from
Banks |
1500.000 |
5000.000 |
|
Buyers’ Credit -
In Foreign Currency from Banks |
6128.400 |
13049.300 |
|
Commercial Paper |
12000.000 |
11250.000 |
|
Inter Corporate
Deposits received |
|
|
|
--From related
Parties |
470.000 |
0.000 |
|
--From Others |
250.000 |
0.000 |
|
|
|
|
|
Total |
28491.200 |
41455.800 |
Contingent
Liability:
a)
Counter guarantees given to banks against
guarantees issued by the banks on behalf of the jointly controlled operations aggregate
to Rs.550 Million (Rs.9580 Million) and for subsidiaries and associates
Rs.3689.100 Millions (Rs.3823.000 Millions).
b)
Corporate Guarantees given to banks and other
parties aggregating Rs.22072.600 Millions (Rs.22881.700 Millions) in respect of
financing facilities granted to subsidiaries /associates/ other body
corporates.
c)
Claims against the Company not acknowledged as
debts and under litigation aggregates to Rs.14594.800 Million (Rs.19485.900
Millions). These include claim from suppliers aggregating to Rs.2485.800
Millions (Rs. 2935.300 Millions), income tax claims Rs.8476.800 Millions
(Rs.15249.900 Million), claims from sales tax authorities aggregating to
Rs.3355.100 Million (Rs.1285.500 Million) out of which claims of Rs.1223.300
Millions (Rs.1223.300 Million), if materialised, will be recovered from the
customers and other claims Rs.277.100 Millions (Rs.15.200 Millions)
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10448288 |
06/09/2013 |
5,000,000,000.00 |
IDBI
TRUSTEESHIP SERVICES LIMITED |
ASIAN
BUILDING, GROUND FLOOR, 17, R KAMANI MARG, |
B84208263 |
|
2 |
10406102 |
01/02/2013 |
2,500,000,000.00 |
BANK
OF MAHARASHTRA |
LJ
ROAD MAHIM BRANCH, MANGEERISH SOCIETY, MAHIM (W), MUMBAI – 400 016,
MAHARASHTRA, INDIA |
B68565100 |
|
3 |
10382302 |
28/09/2012 |
7,000,000,000.00 |
IDBI
TRUSTEESHIP SERVICES LIMITED |
ASIAN
BUILDING, GROUND FLOOR, 17, R.KAMANI MARG, |
B60385192 |
|
4 |
10369278 |
17/07/2012 |
116,000,000,000.00 |
SBICAP
TRUSTEE COMPANY LIMITED |
202,
MAKER TOWER, 'E', CUFFE PARADE, COLABA,, MUMBAI – 400 005, MAHARASHTRA, INDIA |
B45178902 |
|
5 |
10364616 |
14/06/2012 |
3,500,000,000.00 |
CENTRAL
BANK OF INDIA |
BALLARD
ESTATE, MARSHALL BUILDING, S.V. MARG, MUMBAI – 400 001, MAHARASHTRA, INDIA |
B43241892 |
|
6 |
10353278 |
07/05/2012 |
10,000,000,000.00 |
IDBI
TRUSTEESHIP SERVICES LIMITED |
ASIAN
BUILDING, GROUND FLOOR, 17, R.KAMANI MARG, BALLARD ESTATE, MUMBAI – 400 001,
MAHARASHTRA, INDIA |
B38744165 |
|
7 |
10351900 |
30/03/2012 |
3,000,000,000.00 |
CENTRAL
BANK OF INDIA |
MARSHALL
BUILDING, SOORJI VALLABHDAS MARG, MUMBAI – 400 038, MAHARASHTRA, INDIA |
B38282950 |
|
8 |
10156864 |
14/05/2009 |
8,500,000,000.00 |
IDBI
TRUSTEESHIP SERVICES LIMITED |
ASIAN
BUILDING, GROUND FLOOR, 17, R.KAMANI MARG, BALLARD ESTATE, MUMBAI – 400 001,
MAHARASHTRA, INDIA |
A61986493 |
|
9 |
80065868 |
29/09/2004
* |
6,250,000,000.00 |
UTI
BANK LIMITED |
MAKER
TOWERS "F", 13 TH FLOOR, CUFFE PARADE, COLABA, MUMBAI – 400 005, MAHARASHTRA,
INDIA |
- |
* Date
of charge modification
FIXED ASSETS:
·
Software
·
Toll Collection Rights
·
·
·
Buildings and Roads
·
Railway Siding
·
Plant and Machinery
·
Distribution Systems
·
Furniture, Fixtures, Computers
and Office Equipments
·
Vehicles
·
Electrical Fittings and
Apparatus
·
Refrigerators and
Domestic Appliances
MEDIA RELEASE:
RInfra’s YES Kids to Sensitize Mumbaikars on Energy Conservation YES in its
5th year to reach 200 schools, 0.015 Million students Initiative aims to reduce
50 MT of carbon footprint by this year end
YES will create awareness for energy conservation and carbon footprint
reduction
Mumbai, October 7, 2013:
Reliance
Infrastructure Limited (RInfra), India’s leading integrated power distribution
company, today announced that through its YES (Young Energy Savers) program it
will educate 0.015 Millions students from 200 schools on energy conservation by
this year end.
By educating the
students, RInfra will be able to spread awareness among their families, thereby
sensitizing more than 7 lakh consumers in the Mumbai city.
In its fifth year,
YES program aims to promote energy conservation and judicious usage of
electricity among children and their families.
This will not only
help to reduce environment pollution by reducing carbon footprint but also
reduce their electricity bills by almost 7%.
Through this
program, RInfra is also targeting to reduce 50 metric tones of carbon footprint
by year end.
Speaking on the
occasion, spokesperson for Reliance Infrastructure Ltd. said, “As a responsible Corporate Citizen, RInfra
is mindful of the need to promote energy conservation for the betterment of our
future generation. We are happy to see that YES is playing a pivotal role in
inculcating energy conservation habits among children. It’s matter of pride for
us that we have successfully entered in the 5th year of YES initiative, which
reflects encouraging response from the schools and from among students."
“RInfra is the only utility to have entered
the Guinness Book of World when it brought together the largest congregation of
school children dressed as Trees last year,” the
spokesperson added.
Initiated in 2009,
YES was conceived with the objective of generating awareness for energy
conservation through children who are an effective way to influence decision
makers.
YES boasts of a
Facebook following of close to 0.015 Million and in 2012 it won the Social
Cause Category-Silver trophy at the IBMA Awards.
Reliance
Infrastructure Limited
Reliance
Infrastructure Ltd (RInfra) is the largest infrastructure company developing
projects, through various Special Purpose Vehicles (SPVs), in several high
growth areas in the
Infrastructure sector
i.e. Roads, Metro Rail, and Cement.
The Company is
also the leading utility company having presence across the value chain of
power businesses i.e. Generation, Transmission, Distribution, Trading of power.
The SPVs are inter
alia developing a metro rail project in Mumbai; eleven road projects with total
length of 1,000 kms; and developing two cement plants of capacity of five
million tonnes per year each in Maharashtra and Madhya Pradesh.
RInfra along with
its wholly owned subsidiary generates over 940 MW of power through its five
power stations; distributes power to over 60 lakh consumers in Mumbai and Delhi
and is developing five transmission projects including the first Independent
Private Transmission projects.
RInfra also
provides Engineering, Procurement & Construction (EPC) services for
developing power and road projects.
RELIANCE
INFRA’S FIRST 5 MILLION TONNES PER ANNUM CEMENT CAPACITY TO START PRODUCTION
THIS MONTH
Reliance Infrastructure today announced that
Reliance Cement Company Private Limited will commission its first 5 million
tones per annum (MTPA) cement project in Madhya Pradesh this month i.e. in
October 2013.
Reliance Infrastructure Ltd has informed BSE regarding a Press Release dated October 07, 2013 titled "Reliance Infra’s first 5 million tonnes per annum cement capacity to start production this month". Reliance Infrastructure today announced that Reliance Cement Company Private Limited will commission its first 5 million tones per annum (MTPA) cement project in Madhya Pradesh this month i.e. in October 2013
The Company has implemented
the project within a record time of just 22 months, more than 5 months ahead of the targeted
schedule.
The project has been
implemented at a capital outlay of approx. Rs. 3,000 crore, setting a new benchmark in
terms of capex efficiency, nearly 25% lower than comparable recent transaction
values.
Mr. Anil
D. Ambani, Chairman, Reliance Infrastructure Ltd., said - "We are
delighted to add the cement business to our portfolio of high growth infrastructure
businesses, serving the long term needs of our country. Reliance Cement will
add the manufacturing mix to our existing range of annuity infrastructure
businesses across power, roads and metro rail systems."
Reliance
Cement will deliver NEXTGEN experience to its customers in terms of product
quality and customer service. All processes for manufacturing, sales &
distribution, customer service and administration have been designed to be
fully automated for ensuring high product and service quality.
The
project is conceptualized with waste heat recovery system right from the
beginning -generating over 10 MW of power from the heat that would otherwise be
lost as waste. Further, the cement plant is designed and built at par with the
international standards to be one of the most energy efficient plants in the
country, and with the highest environmental standards.
Reliance
Cement has already been launched in the Maharashtra market last year, with
supplies from the Company's Butibori plant having capacity of approx. 0.5
million MTPA, and has already established itself as a favored brand in a short period of time.
The
Company now plans to expand its presence in the central, eastern and northern
markets of India from the new manufacturing unit in Madhya Pradesh.
Some of the unique features of Reliance Cement are:
a)
UPSD
TECHNOLOGY: STRONGER BUILDINGS: Reliance Cement introduces Uniform Particle
Size Distribution (UPSD) technology that produces cement with a high
fineness and rapid setting property.
b)
FAST-SETTING
TIME: BUILDS HOMES FASTER: During construction, cement setting-time is usually the main cause of delay. Reliance
Cement sets faster than other
cements and gives more strength at the same time.
c)
TAMPER-PROOF: 50 KG MEANS 50 KG: Reliance Cement is
packed in Laminated Polypropylene (LPP) bags. The special sealing makes it
impossible to tamper with, so there is absolutely no wastage of cement.
WEATHER-PROOF: FRESH CEMENT IN EVERY BAG: Reliance
Cement LPP bags ensure that the cement is not exposed to moisture and consumers
get fresh cement each time irrespective of weather.
Reliance Infrastructure Limited
Reliance
Infrastructure Ltd (Rlnfra) is the largest infrastructure company developing
projects, through various Special Purpose Vehicles (SPVs), in several high
growth areas in the infrastructure sector i.e. Roads, Metro Rail, and Cement,
The
Company is also the leading utility company having presence across the value
chain of power businesses i.e. Generation, Transmission, Distribution, Trading
of power.
The SPVs
are inter alia developing a metro rail project in Mumbai; eleven road projects
with total length of 1,000 kms; and developing two cement plants of capacity
of five million tonnes per year each in Maharashtra and Madhya Pradesh.
Rinfra
along with its wholly owned subsidiary generates over 940 MW of power through
its five power stations; distributes power to over 60 lakh consumers in Mumbai
and Delhi and is developing five transmission projects including the first
Independent Private Transmission projects.
Rlnfra
also provides Engineering, Procurement & Construction (EPC) services for
developing power and road projects.
RKNFRA'S SPV COMPLETES THE 136 KM ROAD PROJECT IN
TAMIL NADU THE ROAD CONNECTS TO SALEM, THE INDUSTRIAL HUB OF TAMIL NADU TOLL
COLLECTION STARTED AT ALL TOLL PLAZAS RINFRA'S 9 OUT OF 11 ROAD PROJECTS NOW
OPERATIONAL AND REVENUE GENERATING
Mumbai, September 2, 2013: Reliance Infrastructure Ltd.
(Rlnfra), part of the Reliance Group, today announced completion of widening of
the entire 136 km Salem-Ulundurpet road in Tamil Nadu through its Special Purpose
Vehicle (SPV) - SU Toll Road Private Limited
Built at a cost of Rs. 10610.000 Millions the SU
corridor connects major tourist destinations, industrial zones in Salem district
and the Chennai international airport. The popular hill station Yercaud in
Tamil Nadu will also be easily accessible through this corridor.
The project has been executed on Build Operate Transfer (BOT) pattern
under the aegis of National Highways Authority of India. Rlnfra has been
awarded the contract to operate and maintain the road for
a concession period of 25 years.
Commenting on this development, Shri Sudhir R Hoshing, CEO (Roads),
Reliance Infrastructure, said, "We are happy to complete the
widening of the entire stretch of Salem-Ulundurpet road that will provide a
hassle-free, safe and smooth driving experience. We expect an increase in
traffic of over 4,000 more vehicles per day. The new toil plaza is closer to
Salem, which is an industrial centre with numerous steel, textiles, cement and
electrical equipment manufacturing units. Such industrial traffic would benefit
from faster and convenient passage through the road."
The SU road has already been revenue operational since July 28, 2012 with
two toll plazas located at Nathakkarai and Veeracholapuram. A third toll plaza
at Mettupattai has now become operational. Toll
collection has started at all toll plazas.
The SU corridor project required major realignment work along with
widening the entire stretch right from Salem to enable construction of four
lanes. With the completion of the project, the average speed of vehicles will
now double to approximately 70 km/ hr, thereby reducing the traveling time
by upto 50% and also saving fuel cost by almost 40%.
Commuters traveling the entire 136 km stretch can now cover this
distance in less than two hours, whereas earlier the same distance used to take
nearly four hours. Keeping in mind the traffic density, 10 lane toll plazas
have been constructed on the SU road.
Ail toll plazas are equipped with Automated Toll System to cut down
stopover time. Commuters residing within 10 and 20 km radius of the toll plazas
can also avail the benefit of monthly discounted passes costing Rs 150 and Rs
300 respectively.
Fare Chart for Salem – Ulundurpet
|
s. No. |
Category of Vehicle |
Single
Journey (Rs.) |
Multiple
Journey (Rs.) |
Monthly
Pass (Rs.) |
|
1 |
A car,
passenger van or jeep |
43 |
65 |
1,290 |
|
2 |
Light Commercial Vehicle (LCV) |
76 |
114 |
2,280 |
|
3 |
Bus, Truck |
152 |
228 |
4,560 |
|
4 |
MAV (>2
Axle) |
244 |
366 |
7,320 |
|
5. |
School
Buses |
1,000 |
||
|
6. |
Local
traffic category 1 - upto 10Km |
150 |
||
|
7. |
Local
traffic category 2 - upto 20Km |
300 |
||
|
8. |
LCV (Local
transport) per entry |
15 |
||
|
9. |
Truck
(Local transport) per entry |
25 |
||
All
toll plazas are equipped with an Emergency Control Room with 24x7 ambulance
services to locate accident sites and provide medical services within the minimum
response time. Two patrolling cars will patrol the entire corridor
24X7 to ensure the safety and security of the commuters. The corridor also has
38
Passengers Bus shelters with various commuter centric facilities like Reverse
Osmosis (RO) drinking water kiosks, Truck Lay byes, etc.
Reliance Infrastructure Limited
Reliance Infrastructure Ltd (Rlnfra) is the largest infrastructure
company developing projects, through various Special Purpose Vehicles (SPVs), in
several high growth areas in the Infrastructure sector i.e. Roads, Metro Rail,
and Cement.
The Company is also the leading utility company having presence across
the value chain of power businesses i.e. Generation, Transmission,
Distribution, Trading of power.
The SPVs are inter alia developing a metro rail project in Mumbai;
eleven road projects with total length of 1,000 kms; and developing two cement
plants of capacity of five million tonnes per year each in Maharashtra and
Madhya Pradesh.
Rlnfra along with its wholly owned subsidiary generates over 940 MW of
power through its five power stations; distributes power to over 60 lakh
consumers in Mumbai and Delhi and is developing five transmission projects
including the first Independent Private Transmission projects.
Rlnfra also provides Engineering, Procurement & Construction (EPC)
services for developing power and road projects-
AWARDS AND RECOGNITIONS:
RInfra has been continually striving
for excellence in all the areas of business in which it operates and the
untiring efforts of our employees have been recognised and appreciated with the
Company conferred with numerous awards in various business segments as
highlighted below:
DAHANU POWER STATION
·
Vasundhara Award by the Maharashtra
Pollution Control Board 2012
·
Srishti Good Green Governance Award
for 2012 and 2013.
·
13th National Award for Excellence
in Energy Management 2012 from the Confederation of Indian Industry (CII)
·
Executive Talent Search 2013-14 Tarapur
Management Association awards – The power station secured three gold and one
silver medals
·
Prime Minister’s Shram Shree award
to one employee
SAMALKOT POWER STATION
·
Greentech Environment Excellence
award 2012 in Gold category.
·
Greentech Safety Excellence award
2012 in Gold category.
GOA POWER STATION
·
Won “Gomant Sarvochcha Suraksha
Puraskar” presented
·
by the Green Triangle Society for
outstanding safety
·
performance (1st Prize) in the
category B (Factories employing 101-250 workers) in the Green Triangle Safety
Awards 2011.
·
Honoured with “13th Annual Greentech
Environment Award 2012” in Gold category in the Thermal Power sector from
Greentech Foundation.
·
Conferred “Prashansha Patra” Award
by the National Safety Council commending the safety initiatives of the power
station.
KOCHI POWER STATION
·
Award for Excellence in Industrial
Safety 2012 (consecutively for the third year) by the Department of Factories
and Boilers, Government of Kerala.
·
Award for outstanding performance in
safety (Runner up) by NSC,Kerala Chapter-2012
·
The Chemistry Department of the
Kochi power station was honoured by the Municipal Corporation of Eloor for
imparting awareness among students on subjects related to chemistry during the
International Year of Chemistry Celebrations-2011
·
Award for non-polluting industry
constituted by Kerala State Pollution Control Board-2010
·
Energy conservation award
constituted by Government of
Kerala-2010
DELHI DISCOMS
·
BSES Yamuna Power Limited won a
Special Commendation Award for the "National Award for Innovative Training
Practices" at the 42nd IFTDO (International Federation of Training &
Development Organizations) World Conference & Exhibition held in Delhi
·
BYPL awarded Greentech Gold Award
for "Technology Excellence in HR
·
National Convention on Quality
Concepts (NCQC-2012) held at IIT, Kanpur, Par Excellence of 19 BSES Teams were
recognized under Gold, Silver and Bronze categories:
·
54th British International Safety
Award 2012 to BSES Yamuna Power Limited from the British Safety Council,
London.
·
Indo-British Business Forum (IBBF)
Leadership Award for Climate Change to BYPL CEO for 2012 Leadership Award held
at the British House of Commons.
·
IPPAI Power Award 2012 - 'Award to
BSES for the Most Improved Discoms.'.
ROADS
·
Won the Best Project Management
Award for its application called “Simplify” – the first of its kind IT
application that allows all project activities including work flow and
cost escalation to be monitored online.
HUMAN RESOURCES
Received "Africa Learning and
Development Leadership Award 2012" in categories 'Best-in-Class
Technologies', 'Best Learning Programme', ‘Best Services', 'Excellence in
Content Developed' and 'Best Practices In Training'.
THE EPC DIVISION
·
Greentech Foundation conferred
‘Silver Award in Safety’, ‘Silver Award in CSR’ and ‘Gold Award in Environment’
for various initiatives on environment, health and safety.
·
Economic Research India Private
Limited conferred the ‘Best Planning Engineer award’ to an EPC Division
employee for the Hisar project at the award function of Supreme Engineers
Awards 2012.
·
QCI has awarded the D.L. Shah
National Quality Award to the EPC Division for the project "Implementation
of Central Bar Bending Yard” - A case study from the Sasan UMPP.
·
Construction Industry Development Council
presented the following awards to the EPC Group: “Partners in Progress trophy”
for “Mission Skilling India” in developing construction workers in different
trades.
·
Awarded ‘Viswakarma’ awards to two
safety supervisors from Sasan UMPP, one safety supervisor from DVC Raghunathpur
project and one safety supervisor from the Butibori project.
·
QCFI has awarded Quality Concepts
and two Bronze Medals for case studies by small group activities in quality
concepts viz. 5S and Kaizen concepts.
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 records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals have
been formally charged or convicted by a competent governmental authority for
any financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.58 |
|
|
1 |
Rs.98.51 |
|
Euro |
1 |
Rs.83.49 |
INFORMATION DETAILS
|
Report Prepared
by : |
NKT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
8 |
|
PAID-UP CAPITAL |
1~10 |
8 |
|
OPERATING SCALE |
1~10 |
8 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
8 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
8 |
|
--CREDIT LINES |
1~10 |
8 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
YES |
|
--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 |
|
68 |
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.