MIRA INFORM REPORT
|
Report Date : |
03.04.2014 |
|
|
|
|
Tel. No.: |
91-40-23553459, 23553460 |
|
Fax No.: |
91-40-23607522 |
IDENTIFICATION DETAILS
|
Name : |
IND-BARATH POWER INFRA LIMITED (w.e.f. 28.04.2008) |
|
|
|
|
Formerly Known
As : |
IND-BARATH POWER INFRA PRIVATE LIMITED (w.e.f. 18.10.2006) KANUMURI HOLDINGS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot No 30A, Road No 1, Film Nagar, Jubilee Hills, Hyderabad – 500033,
Andhra Pradesh |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
17.02.1995 |
|
|
|
|
Com. Reg. No.: |
01-019471 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 4995.916 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U65993AP1995PLC019471 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
HYDK01865D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCK3883B |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
The principal activities of the Company are provision of
operating and maintenance facilities relating to electric and all other kinds
of power generation projects, construction and provision of infrastructure
facilities to power projects on Erection, Procurement and Commissioning (EPC)
basis including the responsibility for day to day operations, routine
maintenance and management of the facility and the sale of coal. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (26) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 32000000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track record. The rating reflects moderate financial risk profile marked by continuous
losses that company has incurred from operation and below average financial
performance. However, trade relations are reported as fair. Business is active.
Payments terms are slow but correct. The company can be considered for business dealings with some
cautions. |
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 – December 1, 2013
|
Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
|
India |
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
India’s current account deficit for the fiscal third quarter ended
September 2013 narrowed to $4.2 billion or 0.9 % of the gross domestic product
from $31.9 billion or 6.5 % of GDP a year earlier, thanks to a pick-up in
exports and moderation in gold imports. Manufacturing activity and new orders
in India showed their strongest growth in a year in February. The news comes as
a relief after data showed Asia’s third largest economy grew by a
slower-than-expected 4.7 % annually in the three months through December. The
HSBC Manufacturing Purchasing Managers’ Index which gauges the business
activity of India’s factories but not its’ utilities, rose to 52.5 in February,
its highest in a year from 51.4 in January. Overall new orders for factory
goods which rose to a one-year high of 54.9 contributed to the surge. China has
emerged as India’s biggest trading partner in the current financial year
replacing the United Arab Emirates and pushing it to the third spot. India-China
trade has reached $49.5 billion with a 8.7 % share in India’s total trade. The
US comes second at $46 billion with 8.1 % share during the first nine months of
the current financial year.
The Reserve Bank of India has granted an additional nine months to the
public to exchange currency notes printed before 2005 including Rs 500 and Rs
1,000 denominations, pushing the deadline to January 1, 2015. A day before
dates for the Lok Sabha polls were announced, the government decided to hike
interest rates on fixed deposit schemes offered by post offices up to 0.2 per
cent. The new rates will be effective April, 1. The Supreme Court will resume
hearing on March, 11 Nokia’s appeal against a ruling over transferring
ownership of its local mobile phones plant which is the subject of a tax
dispute to Microsoft Corp.
In the last days of the current Government, another scam has surfaced.
The defence ministry has ordered a probe into Hindustan Aeronautics Limited’s
contracts from Britain’s Rolls-Royce Holdings worth at least $ 1.2 billion. The
Central Bureau of Investigation will look into allegations that over $80
million was paid in kickbacks in a deal signed in 2011. India has asked Boeing
Co. to find a solution for problems with state-owned Air India’s 787 Dreamliners.
The aircraft has experienced a series of malfunctions since its debut in 2011.
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
INFORMATION DECLINED
Management Non Co-operative (91-40-23553459)
LOCATIONS
|
Registered Office : |
Plot No 30A, Road No 1, Film Nagar, Jubilee Hills, Hyderabad – 500033,
Andhra Pradesh, India |
|
Tel. No.: |
91-40-23553459, 23553460 |
|
Fax No.: |
91-40-23607522 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Office : |
20/129, Chamiers Road, Nandam, Chennai – 600 035, Tamilnadu, India. |
|
Tel. No.: |
91-44-24346711/2/3/4 |
|
Fax No.: |
91-44-24346715 |
|
E-Mail : |
DIRECTORS
As on 27.09.2013
|
Name : |
Mr. Kanumuru Raghu Rama Krishna Raju |
|
Designation : |
Chairman and Managing Director |
|
Address : |
Plot No.212, O Road No.76, Jubllee Hills, Hyderabad - 500096, Andhra Pradesh, India |
|
Date of Birth/Age : |
14.05.1962 |
|
Date of Appointment : |
17.02.1995 |
|
DIN No.: |
00020552 |
|
PAN No.: |
ALTPK9688G |
|
|
|
|
Name : |
Mrs. Kanumuru Rama Devi |
|
Designation : |
Director |
|
Address : |
Plot No.212, O Road No.76, Jubllee Hills, Hyderabad - 500096, Andhra Pradesh, India |
|
Date of Birth/Age : |
06.10.1964 |
|
Date of Appointment : |
17.02.1995 |
|
DIN No.: |
00042696 |
|
|
|
|
Name : |
Mr. Dumpala Madhusudhana Reddy |
|
Designation : |
Director |
|
Address : |
Flat No.401, Radhakrishna Enclave, D-68, Madhuranagar, Hyderabad –
500038, Andhra Pradesh, India |
|
Date of Birth/Age : |
01.07.1964 |
|
Date of Appointment : |
29.01.2010 |
|
DIN No.: |
00020567 |
|
|
|
|
Name : |
Mr. Debi Prasad Bagchi |
|
Designation : |
Director |
|
Address : |
Y-165, Regency park II, DLF City, Phase IV, Gurgaon – 122009, Haryana,
India |
|
Date of Birth/Age : |
21.10.1942 |
|
Date of Appointment : |
06.05.2010 |
|
DIN No.: |
00061648 |
|
|
|
|
Name : |
Mr. Potharlanka Sasamka Babu |
|
Designation : |
Director |
|
Address : |
8-3-318/11/18, Jayaprakash Nagar, Yellareddyguda, Hyderabad – 500073,
Andhra Pradesh, India |
|
Date of Birth/Age : |
03.11.1941 |
|
Date of Appointment : |
06.05.2010 |
|
DIN No.: |
00281786 |
|
|
|
|
Name : |
Mr. Arasan K Balraj |
|
Designation : |
Director |
|
Address : |
J-76, Anna Nagar, Chennai – 600102, Tamilnadu, India |
|
Date of Birth/Age : |
07.07.1941 |
|
Date of Appointment : |
06.05.2010 |
|
DIN No.: |
01864772 |
|
|
|
|
Name : |
Mr. Rahul Kumar Yadav |
|
Designation : |
Additional Director |
|
Address : |
The Heaven, Nalagarh Road, Pinjore – 134102, Haryana, India |
|
Date of Birth/Age : |
27.08.1963 |
|
Date of Appointment : |
29.07.2011 |
|
DIN No.: |
01649493 |
|
|
|
|
Name : |
Mr. Abhay Kumar Pandey |
|
Designation : |
Nominee Director |
|
Address : |
1402, Purna, Pocakhanwala Road, Worli Sea Face, Mumbai – 400018,
Maharashtra, India |
|
Date of Birth/Age : |
01.12.1971 |
|
Date of Appointment : |
29.10.2009 |
|
DIN No.: |
01650845 |
|
|
|
|
Name : |
Mr. Vishal Vijay Gupta |
|
Designation : |
Nominee Director |
|
Address : |
71,7th Floor, Free Press House, Free Press Marg, Nariman
Point, Mumbai – 400021, Maharashtra, India
|
|
Date of Birth/Age : |
24.09.1977 |
|
Date of Appointment : |
29.10.2009 |
|
DIN No.: |
01913013 |
KEY EXECUTIVES
|
Name : |
Dr. P V S Jagan Mohan Rao |
|
Designation : |
Company Secretary |
|
|
|
|
Name : |
Mr. Pinnamaraju Venkata Subrahmanya Jaganmohan Rao |
|
Designation : |
Secretary |
|
Address : |
1-1-365/A, Flat-308, Hinasai Gardens, Gilmohar, Jawahar Nagar, Hyderabad
– 500020, Andhra Pradesh, India |
|
Date of Birth/Age : |
01.07.1955 |
|
Date of Appointment : |
16.11.2007 |
|
PAN No.: |
ACUPP5474B |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 27.09.2013
SHAREHOLDING DETAILS FILE ATTACHED
As on 27.09.2013
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Venture capital |
3.70 |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s),
Non-resident Indian(s) or Overseas Corporate bodies or Others |
37.07 |
|
Bodies corporate |
33.81 |
|
Directors or relatives of Directors |
25.37 |
|
Other top fifty shareholders |
0.05 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The principal activities of the Company are provision of
operating and maintenance facilities relating to electric and all other kinds
of power generation projects, construction and provision of infrastructure
facilities to power projects on Erection, Procurement and Commissioning (EPC)
basis including the responsibility for day to day operations, routine
maintenance and management of the facility and the sale of coal. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Facilities : |
(Rs.
In Millions)
|
|
|
|
|
Banking
Relations : |
--- |
|
|
|
|
Financial Institutions : |
IL & FS Trust Company Limited, IL & FS Financial
Centreplot No C22 G Block Bandra, Kurla Complex Bandra East, Mumbai - 400051,
Maharashtra, India |
|
|
|
|
Auditors : |
|
|
Name : |
B S R and Company Chartered Accountants |
|
Address : |
Reliance Humsafar, IV Floor Road No.11, Banjara Hills, Hyderabad 500 034, Andhra Pradesh, India |
|
PAN No.: |
AAIFB0630K |
|
|
|
|
Subsidiaries : |
|
|
|
|
|
Step Down
Subsidiary : |
Indira Priyadarshini Hydro Power Private Limited |
CAPITAL STRUCTURE
As on 27.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
203431500 |
Equity Shares |
Rs.10/- each |
Rs.2034.315 Millions |
|
7400000 |
10% Non-Cumulative Non- Compulsorily Redeemable Preference Share |
Rs.10/- each |
Rs.74.000 Millions |
|
407090 |
0.01% Class A Cumulative Compulsorily Redeemable Preference Share |
Rs.1000/- each |
Rs.407.090 Millions |
|
718595 |
0.01% Class A1 Cumulative Compulsorily Redeemable Preference Share |
Rs.1000/- each |
Rs.718.595 Millions |
|
20000000 |
0.01% Class B Cumulative Compulsorily Redeemable Preference Share |
Rs.100/- each |
Rs.2000.000 Millions |
|
8333335 |
0.01% Class C Cumulative Compulsorily Redeemable Preference Share |
Rs.100/- each |
Rs.833.334 Millions |
|
|
Total |
|
Rs.6067.334 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
96289767 |
Equity Shares |
Rs.10/- each |
Rs.962.898 Millions |
|
7400000 |
10% Non-Cumulative Non- Compulsorily Redeemable Preference Share |
Rs.10/- each |
Rs.74.000 Millions |
|
407090 |
0.01% Class A Cumulative Compulsorily Redeemable Preference Share |
Rs.1000/- each |
Rs.407.090 Millions |
|
718595 |
0.01% Class A1 Cumulative Compulsorily Redeemable Preference Share |
Rs.1000/- each |
Rs.718.595 Millions |
|
20000000 |
0.01% Class B Cumulative Compulsorily Redeemable Preference Share |
Rs.100/- each |
Rs.2000.000 Millions |
|
8333333 |
0.01% Class C Cumulative Compulsorily Redeemable Preference Share |
Rs.100/- each |
Rs.833.333 Millions |
|
|
Total |
|
Rs.4995.916 Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
4995.916 |
4995.916 |
4995.916 |
|
(b) Reserves & Surplus |
2581.102 |
2988.109 |
3049.012 |
|
(c) Money
received against share warrants |
604.021 |
604.021 |
604.021 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
8181.039 |
8588.046 |
8648.949 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
1200.000 |
1204.093 |
10.278 |
|
(b) Deferred tax liabilities (Net) |
9.605 |
11.280 |
6.144 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
0.348 |
0.250 |
0.155 |
|
Total Non-current Liabilities
(3) |
1209.953 |
1215.623 |
16.577 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
2681.695 |
2209.423 |
2148.368 |
|
(b) Trade
payables |
156.647 |
240.513 |
7.437 |
|
(c) Other
current liabilities |
243.488 |
66.556 |
10.183 |
|
(d) Short-term
provisions |
5.210 |
5.304 |
0.071 |
|
Total Current
Liabilities (4) |
3087.040 |
2521.796 |
2166.059 |
|
|
|
|
|
|
TOTAL |
12478.032 |
12325.465 |
10831.585 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
31.895 |
34.134 |
36.418 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
11127.380 |
10533.724 |
9418.799 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
19.076 |
2.305 |
0.500 |
|
(e) Other
Non-current assets |
2.655 |
10.688 |
13.980 |
|
Total Non-Current
Assets |
11181.006 |
10580.851 |
9469.697 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
0.000 |
0.000 |
0.000 |
|
(c) Trade
receivables |
0.145 |
0.111 |
0.299 |
|
(d) Cash
and cash equivalents |
17.288 |
20.540 |
77.098 |
|
(e)
Short-term loans and advances |
1271.166 |
1658.914 |
1220.934 |
|
(f) Other
current assets |
8.427 |
65.049 |
63.557 |
|
Total
Current Assets |
1297.026 |
1744.614 |
1361.888 |
|
|
|
|
|
|
TOTAL |
12478.032 |
12325.465 |
10831.585 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
163.133 |
249.118 |
179.822 |
|
|
|
Other Income |
55.648 |
210.813 |
71.585 |
|
|
|
TOTAL (A) |
218.781 |
459.931 |
251.407 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchases of stock-in-trade |
155.891 |
240.139 |
168.371 |
|
|
|
Employee benefit expense |
8.559 |
(2.028) |
16.335 |
|
|
|
Other expenses |
65.490 |
36.710 |
33.336 |
|
|
|
TOTAL (B) |
229.940 |
274.821 |
218.042 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
(11.159) |
18.110 |
33.365 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
395.214 |
228.897 |
4.161 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
(406.373) |
(43.787) |
29.204 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/ AMORTISATION (F) |
2.306 |
2.309 |
2.286 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
(408.679) |
(46.096) |
26.918 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
(1.672) |
5.136 |
(0.559) |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS) AFTER
TAX (G-H) (I) |
(407.007) |
(51.232) |
27.477 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
(4.23) |
(0.53) |
0.30 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
(186.03)
|
(11.14) |
10.93 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
(250.52)
|
(18.50) |
0.15 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(30.26)
|
(2.57) |
1.91 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.05)
|
(0.01) |
0.00 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.47
|
0.40 |
0.25 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.42
|
0.69 |
0.63 |
FINANCIAL ANALYSIS
[all figures are in
Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
4995.916 |
4995.916 |
4995.916 |
|
Reserves & Surplus |
3049.012 |
2988.109 |
2581.102 |
|
Net
worth |
8044.928 |
7984.025 |
7577.018 |
|
|
|
|
|
|
long-term borrowings |
10.278 |
1204.093 |
1200.000 |
|
Short term borrowings |
2148.368 |
2209.423 |
2681.695 |
|
Total
borrowings |
2158.646 |
3413.516 |
3881.695 |
|
Debt/Equity
ratio |
0.268 |
0.428 |
0.512 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
2148.368 |
2209.423 |
2681.695 |
|
|
|
2.842 |
21.375 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
2148.368 |
2209.423 |
2681.695 |
|
Profit / (Loss) |
27.477 |
(51.232) |
(407.007) |
|
|
1.28% |
(2.32%) |
(15.18%) |
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 |
---------------------- |
|
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 |
Yes |
|
32] |
PAN of Proprietor/Partner/Director, if available |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
No |
COMPANY OVERVIEW
Subject was incorporated on 17 February 1995. On 29 May 2008, the Company was converted into public company and the name was changed to Ind-Barath Power Infra Limited. The principal activities of the Company are provision of operating and maintenance facilities relating to electric and all other kinds of power generation projects, construction and provision of infrastructure facilities to power projects on Erection, Procurement and Commissioning (EPC) basis including the responsibility for day to day operations, routine maintenance and management of the facility and the sale of coal. The Company also generates electricity using the wind generators which has an installed capacity of 0.75 MW, situated at Idduki, Kerala.
UNSECURED LOAN
Rs. In
Millions
|
Particular |
As
on 31.03.2013 |
As
on 31.03.2012 |
|
Short-term
borrowings |
|
|
|
Loans repayable on demand from banks |
2129.387 |
1807.800 |
|
Loans and advances from others |
499.096 |
348.412 |
|
Other loans and advances |
53.211 |
53.211 |
|
Total |
2681.694 |
2209.423 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10202062 |
10/12/2012 * |
2,000,000,000.00 |
AXIS BANK LIMITED |
H NO 8-2-293/82/J-III/19, ROAD NO 71, JUBILEE HIL LS, HYDERABAD, ANDHRA PRADESH - 500034, INDIA |
B65895971 |
|
2 |
10090514 |
27/02/2008 |
30,000,000.00 |
ALLAHABAD BANK |
INDUSTRIAL FINANCE BRANCH, 6-3-850/3, 1ST FLOOR, AMEERPET MAIN ROAD, HYDERABAD, ANDHRA PRADESH - 500016, INDIA |
A33666009 |
* Date of charge modification
FIXED ASSETS
- Plant and equipment
- Factory equipments
- Furniture and fixtures
- Office equipment
- Computer equipments
- Other equipments
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No exist to suggest that subject is or was
the subject of any formal or informal allegations, prosecutions or other official
proceeding for making any prohibited payments or other improper payments to
government officials for engaging in prohibited transactions or with designated
parties.
3] Asset Declaration :
No 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] 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.59.65 |
|
|
1 |
Rs.99.21 |
|
Euro |
1 |
Rs.82.39 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
NTH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
- |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
26 |
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.