MIRA INFORM REPORT
|
Report Date : |
07.04.2014 |
IDENTIFICATION DETAILS
|
Name : |
KARNATAKA POWER TRANSMISSION CORPORATION LIMITED |
|
|
|
|
Registered
Office : |
Cauvery Bhavan K. G. Road, Bangalore-560009, Karnataka |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
28.07.1999 |
|
|
|
|
Com. Reg. No.: |
08-025521 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.15753.225 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U40109KA1999SGC025521 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
BLRK01549C/BLRK05714C/BLRK05853B/BLRK05565A/BLRK05387E/BLRK05229A/BLRK04895C/BLRK04906G/BLRK04733B
|
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCK7281M |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is engaged in the business of power transmission within the
state of Karnataka. |
|
|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (50) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 100000000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Exist |
|
|
|
|
Comments : |
Subject is a 100%. “Government of Karnataka” entity. It is an established company having satisfactory track record. There seems a growth in the revenue and profit during financial year
2013 capital base of the company is strong. Trade relations are reported as fair. Business is active. Payments are
reported to be usually correct and as per commitment. 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 – 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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Long Term Bank Facilities=A- |
|
Rating Explanation |
Adequate degree of safety. It carry low
credit risk. |
|
Date |
24.03.2014 |
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 DENIED
Management Non Co-operative (91-80-22277396)
LOCATIONS
|
Registered Office : |
Cauvery Bhavan, G. Road, K.G. Road, Bangalore – 560009, Karnataka,
India |
|
Tel. No.: |
91-80-22277396 |
|
Fax No.: |
91-80-22277396 |
|
E-Mail : |
|
|
Website: |
DIRECTORS
AS ON 23.12.2013
|
Name : |
Mr. Siddaramaiah |
|
Designation : |
Chairman |
|
Address : |
No.206/2, 16th Cross, MC Layout, Vijayanagar, Bangalore –
560004, Karnataka, India |
|
Date of Birth/Age : |
12.08.1948 |
|
Date of Appointment : |
27.05.2013 |
|
DIN No.: |
06609424 |
|
|
|
|
Name : |
Mr. Kumar Naik Govindaswamy |
|
Designation : |
Director |
|
Address : |
No.317, 15th Cross, Dollar’s Colony, RMV II , India |
|
Date of Birth/Age : |
12.09.1963 |
|
Date of Appointment : |
01.08.2013 |
|
DIN No.: |
01918435 |
|
|
|
|
Name : |
Mr. Narasimha Raju Narasappa Doddahosahalli |
|
Designation : |
Director |
|
Address : |
222/A, Second Main, Mahalakshmi Layout, Bangalore – 560086, Karnataka,
India |
|
Date of Birth/Age : |
28.04.1956 |
|
Date of Appointment : |
21.05.2013 |
|
DIN No.: |
01070476 |
|
|
|
|
Name : |
Mr. Inturi Srinivas Nagesh Prasad |
|
Designation : |
Director |
|
Address : |
H. No. C-2, 1st B Main Road, Block-7, HSR Layout, Sector-VI,
Bangalore – 360034, Karnataka, India |
|
Date of Birth/Age : |
15.06.1963 |
|
Date of Appointment : |
06.09.2013 |
|
DIN No.: |
01469651 |
|
|
|
|
Name : |
Mr. Aditi Raja |
|
Designation : |
Director |
|
Address : |
184/10, Whitefield Main Road, Whitefield, Bangalore – 560066,
Karnataka, India |
|
Date of Birth/Age : |
18.09.1959 |
|
Date of Appointment : |
22.08.2003 |
|
DIN No.: |
00164313 |
|
|
|
|
Name : |
Mr. Rangarajan Sridhar |
|
Designation : |
Director |
|
Address : |
22, 2nd Main, Basaveswara HBCS Layout, Near BTS Depot,
Vijayanagar, Bangalore – 560040, Karnataka, India |
|
Date of Birth/Age : |
15.03.1958 |
|
Date of Appointment : |
21.01.2013 |
|
DIN No.: |
06488576 |
|
|
|
|
Name : |
Mr. Mysore Narayanarao Vidyashankar |
|
Designation : |
Director |
|
Address : |
No.173, Phase-1, 3rd Cross, Girinagar, Bangalore – 560085,
Karnataka, India |
|
Date of Birth/Age : |
29.01.1954 |
|
Date of Appointment : |
25.07.2012 |
|
DIN No.: |
01023267 |
|
|
|
|
Name : |
Mr. Munivenkatappa Nagaraja |
|
Designation : |
Director |
|
Address : |
29/1, 2nd Cross, Kanakanapalya, 4th Block,
Jayanagar, Bangalore BBMP, Bangalore – 560011, Karnataka, India |
|
Date of Birth/Age : |
08.10.1956 |
|
Date of Appointment : |
17.12.2008 |
|
DIN No.: |
02893520 |
|
|
|
|
Name : |
Mr. Sumanth Shankar Rao |
|
Designation : |
Director |
|
Address : |
No.234, 6th Main, Jayanagar, Bangalore – 560011, Karnataka,
India , India |
|
Date of Birth/Age : |
01.12.1956 |
|
Date of Appointment : |
23.08.2013 |
|
DIN No.: |
00349212 |
|
|
|
|
Name : |
Mr. Devanahalli Munuswamy Shivakumar |
|
Designation : |
Director |
|
Address : |
1712, 6th Main 7th Cross, Vijayanagar, 2nd
Stage, Bangalore – 560040, Karnataka, India |
|
Date of Birth/Age : |
20.08.1956 |
|
Date of Appointment : |
06.09.2013 |
|
DIN No.: |
06706608 |
|
|
|
|
Name : |
Mr. Hanumantha Naik Basker |
|
Designation : |
Director |
|
Address : |
Apartment No.101, Hindolam Poorna Palace, 12A Cross, 2nd Main,
III Phase, J. P. Nagar, Bangalore – 560078, Karnataka, India |
|
Date of Birth/Age : |
15.10.1954 |
|
Date of Appointment : |
21.08.2013 |
|
DIN No.: |
02101666 |
|
|
|
|
Name : |
Mr. Mahadev Rudrappa Kamble |
|
Designation : |
Director |
|
Address : |
No.394, 2nd Cross, 2nd Main, 2nd
Block, 2nd Stage, RMV Extension, Bangalore – 560094, Karnataka,
India |
|
Date of Birth/Age : |
01.06.1956 |
|
Date of Appointment : |
09.02.2012 |
|
DIN No.: |
01501183 |
|
|
|
|
Name : |
Mr. Venkata Siva Reddy |
|
Designation : |
Director |
|
Address : |
#75/3, 3rd Cross, 5th Phase, 5th
Block, BSK 3rd Stage, Bangalore – 560085, Karnataka, India |
|
Date of Birth/Age : |
02.10.1954 |
|
Date of Appointment : |
21.10.2011 |
|
DIN No.: |
05124568 |
|
|
|
|
Name : |
Mr. Amita Prasad |
|
Designation : |
Director |
|
Address : |
No.280, 14th Cross, Dollar’s Colony, Rajmahal Villas,
Extension, Bangalore – 560040, Karnataka, India |
|
Date of Birth/Age : |
14.01.1962 |
|
Date of Appointment : |
13.08.2013 |
|
DIN No.: |
03644516 |
|
|
|
|
Name : |
Mr. Pankaj Kumar Pandey |
|
Designation : |
Director |
|
Address : |
301, Olive, 1st John’s Wood Apartment, Taverkere Main Road,
Kormangala, Bangalore – 560029, Karnataka, India |
|
Date of Birth/Age : |
30.07.1976 |
|
Date of Appointment : |
06.09.2013 |
|
DIN No.: |
03376149 |
KEY EXECUTIVES
|
Name : |
Mr. Rangarajan Sridhar |
|
Designation : |
Secretary |
|
Address : |
22, 2nd Main, Basaveswar, HBSC Layout, Near BTS Depot, Vijayanagar,
Bangalore – 560040, Karnataka, India |
|
Date of Birth/Age : |
15.03.1958 |
|
Date of Appointment : |
AESPS6046L |
MAJOR SHAREHOLDERS
SHAREHOLDERS DETAILS ARE NOT AVAILABLE
Equity Share Break up (Percentage of Total Equity)
AS ON 23.12.2013
|
Category |
Percentage |
|
Government [Central and State] |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the business of power transmission within the
state of Karnataka. |
GENERAL INFORMATION
|
No. of Employees : |
Not Divulged |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Bankers : |
·
UCO Bank, Mid Corporate Branch, 13/22, 1st
Floor, K.G. Road, Bangalore-560009, Karnataka, India ·
Vijaya Bank, K.G. Road Branch, Bangalore-560009,
Karnataka, India ·
Bank of Maharashtra, Corporate Finance Branch, Koramangala,
4th Block, Bangalore-560034, Karnataka, India ·
Bank of India, K G Road, Bangalore-560009,
Karnataka, India |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Manian and Rao Chartered Accountants |
|
Address : |
No.361, 1st Floor, 7th Cross, 1st
Block, Jayanagar, Bangalore – 560011, Karnataka, India |
|
PAN No.: |
AAHFM0757B |
CAPITAL STRUCTURE
AS ON 23.12.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
20000000 |
Equity Shares |
Rs.1000/- each |
Rs.20000.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
15753225 |
Equity Shares |
Rs.1000/- each |
Rs.15753.225 Millions |
|
|
|
|
|
The reconciliation of the number of shares outstanding is set out below:
|
Particulars |
No. of Shares |
|
Equity Shares at the beginning of the year |
11232625 |
|
Add: Shares Issued |
4520600 |
|
Equity Shares at the end of the year |
15753225 |
Details of shareholders more than 5% shares:
|
Particulars |
No. of Shares |
% Held |
|
Hon’ble Governor, State of Karnataka |
15753225 |
100.00 |
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 |
15753.225 |
11232.625 |
6903.225 |
|
(b) Reserves & Surplus |
5941.400 |
4995.205 |
4221.382 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
3500.000 |
5520.600 |
8850.000 |
|
Total
Shareholders’ Funds (1) + (2) |
25194.625 |
21748.430 |
19974.607 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
45197.492 |
45394.455 |
45373.044 |
|
(b) Deferred tax liabilities (Net) |
2742.899 |
2742.899 |
2742.899 |
|
(c) Other long term
liabilities |
13107.699 |
13517.750 |
21261.822 |
|
(d) long-term
provisions |
1041.126 |
334.121 |
258.621 |
|
Total Non-current
Liabilities (3) |
62089.216 |
61989.225 |
69636.386 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
5900.000 |
7000.000 |
5220.000 |
|
(b) Trade
payables |
17601.437 |
16880.571 |
15889.167 |
|
(c) Other
current liabilities |
13342.963 |
12011.227 |
9461.804 |
|
(d) Short-term
provisions |
1034.675 |
840.089 |
1169.047 |
|
Total Current
Liabilities (4) |
37879.075 |
36731.887 |
31740.018 |
|
|
|
|
|
|
TOTAL |
125162.916 |
120469.542 |
121351.011 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
77765.819 |
68282.701 |
63294.965 |
|
(ii)
Intangible Assets |
2.993 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
12866.379 |
17895.307 |
17717.288 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
1266.048 |
1231.525 |
1954.702 |
|
(e) Other
Non-current assets |
25822.996 |
26867.207 |
29583.816 |
|
Total Non-Current
Assets |
117724.235 |
114276.740 |
112550.771 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
1134.334 |
1082.071 |
1060.875 |
|
(c) Trade
receivables |
1847.537 |
2029.905 |
2448.422 |
|
(d) Cash
and cash equivalents |
2989.739 |
1738.119 |
3930.425 |
|
(e)
Short-term loans and advances |
46.940 |
28.241 |
38.860 |
|
(f) Other
current assets |
1420.131 |
1314.466 |
1321.658 |
|
Total
Current Assets |
7438.681 |
6192.802 |
8800.240 |
|
|
|
|
|
|
TOTAL |
125162.916 |
120469.542 |
121351.011 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
||
|
|
SALES |
|
|
|
||
|
|
|
Income |
20380.855 |
16630.084 |
14268.141 |
|
|
|
|
Other Income |
222.396 |
229.810 |
280.274 |
|
|
|
|
TOTAL (A) |
20603.251 |
16859.894 |
14548.415 |
|
|
|
|
|
|
|
||
|
Less |
EXPENSES |
|
|
|
||
|
|
|
Power Purchase & Wheeling
Charges |
2.128 |
5.371 |
11.537 |
|
|
|
|
Employee Costs |
6271.876 |
4892.712 |
3867.926 |
|
|
|
|
Repairs and Maintenance |
930.554 |
856.477 |
709.090 |
|
|
|
|
Administrative and Other Expenses |
426.530 |
369.598 |
310.744 |
|
|
|
|
Others |
1154.088 |
1185.117 |
1101.562 |
|
|
|
|
Prior Period Credits/(Charges) |
682.078 |
50.638 |
172.304 |
|
|
|
|
Exceptional Items |
(0.765) |
(50.622) |
0.000 |
|
|
|
|
TOTAL (B) |
9466.489 |
7309.291 |
6173.163 |
|
|
|
|
|
|
|
||
|
Less |
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
11136.762 |
9550.603 |
8375.252 |
||
|
|
|
|
|
|
||
|
Less |
FINANCIAL
EXPENSES (D) |
5380.482 |
4968.217 |
4289.015 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)
(E) |
5756.280 |
4582.386 |
4086.237 |
||
|
|
|
|
|
|
||
|
Less |
DEPRECIATION/
AMORTISATION (F) |
5202.658 |
4495.327 |
4069.889 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE TAX (E-F) (G) |
553.622 |
87.059 |
16.348 |
||
|
|
|
|
|
|
||
|
Less |
TAX (H) |
114.856 |
10.400 |
7.656 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
AFTER TAX (G-H) (I) |
438.766 |
76.659 |
8.692 |
||
|
|
|
|
|
|
||
|
|
Earnings Per
Share (Rs.) |
|
|
|
||
|
|
|
Basic |
29.82 |
9.84 |
1.26 |
|
|
|
|
Diluted |
25.41 |
4.82 |
0.58 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
2.13 |
0.45 |
0.06 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
2.72 |
0.52 |
0.11 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.49 |
0.08 |
0.02 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.02 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
2.03 |
2.41 |
2.53 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.20 |
0.17 |
0.28 |
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 |
6903.225 |
11232.625 |
15753.225 |
|
Reserves & Surplus |
4221.382 |
4995.205 |
5941.400 |
|
Share Application money
pending allotment |
8850.000 |
5520.600 |
3500.000 |
|
Net
worth |
19974.607 |
21748.430 |
25194.625 |
|
|
|
|
|
|
long-term borrowings |
45373.044 |
45394.455 |
45197.492 |
|
Short term borrowings |
5220.000 |
7000.000 |
5900.000 |
|
Total
borrowings |
50593.044 |
52394.455 |
51097.492 |
|
Debt/Equity
ratio |
2.533 |
2.409 |
2.028 |
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 |
14268.141 |
16630.084 |
20380.855 |
|
|
|
16.554 |
22.554 |
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
|
14268.141 |
16630.084 |
20380.855 |
|
Profit |
8.692 |
76.659 |
438.766 |
|
|
0.06% |
0.46% |
2.15% |
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 |
No |
|
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 |
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 |
UNSECURED LOANS:
|
Particulars |
31.03.2013 Rs. In Millions |
31.03.2012 Rs. In Millions |
|
Long Term Borrowings |
|
|
|
From Others |
110.132 |
172.404 |
|
|
|
|
|
Short Term Borrowings |
|
|
|
Short Term Loans
from banks |
5900.000 |
7000.000 |
|
|
|
|
|
Total |
6010.132 |
7172.404 |
LITIGATION
DETAILS:
|
High
Court of Karnataka
|
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10454922 |
28/09/2013 |
3,000,000,000.00 |
CORPORATION
BANK |
CORPORATE
BANKING BRANCH, RALLARM BUILDING, BANGALORE, KARNATAKA - 560027, INDIA |
B87504528 |
|
2 |
10435413 |
28/06/2013 |
4,850,400,000.00 |
CANARA
BANK |
TOWN
HALL BRANCH, 51, STOCK EXCHANGE TOWERS,, 1ST CROSS, JC ROAD, BANGALORE,
KARNATAKA - 560027, INDIA |
B79003141 |
|
3 |
10433623 |
01/06/2013 |
550,000,000.00 |
VIJAYA
BANK |
#34,
1ST FLOOR, HARIRAM, COMPLEX, K.G ROAD, BANGALORE, KARNATAKA - 560009, INDIA |
B78197852 |
|
4 |
10433617 |
01/06/2013 |
2,000,000,000.00 |
BANK
OF INDIA |
#
15, VECTRA HOUSE, 3RD FLOOR, 1ST MAIN ROAD,, 6TH CROSS, GANDHINAGAR,
BANGALORE, KARNATAKA - 560009, INDIA |
B78197233 |
|
5 |
10433620 |
01/06/2013 |
3,000,000,000.00 |
CANARA
BANK |
TOWN
HALL BRANCH, 51, STOCK EXCHANGE TOWERS,, 1ST CROSS, JC ROAD, BANGALORE,
KARNATAKA - 560027, INDIA |
B78197555 |
|
6 |
10416372 |
07/03/2013 |
3,000,000,000.00 |
PUNJAB
& SIND BANK |
678/679,
S B MARKET,, CHICKPET, BANGALORE, KARNATAKA - 560053, INDIA |
B72190622 |
|
7 |
10381379 |
26/09/2012 |
1,000,000,000.00 |
BANK
OF MAHARASHTRA |
CORPORATE
FINANCE BRANCH, KORAMANGALA, 4TH BLOCK, BANGALORE, KARNATAKA - 560034, INDIA |
B60024791 |
|
8 |
10378317 |
10/09/2012 |
1,500,000,000.00 |
VIJAYA
BANK |
K.G.ROAD
BRANCH, BANGALORE, KARNATAKA - 560009, INDIA |
B58846213 |
|
9 |
10339000 |
06/02/2012 |
2,000,000,000.00 |
PUNJAB
& SIND BANK |
678/679,
S B MARKET, CHICKPET, BANGALORE, KARNATAKA - 560053, INDIA |
B33612979 |
|
10 |
10272097 |
01/03/2011 |
3,000,000,000.00 |
VIJAYA
BANK |
NO.34,
1ST FLOOR, HARIARAM, COMPLEX, K.G. ROAD, BANGALORE, KARNATAKA - 560009, INDIA |
B07919723 |
|
11 |
10267766 |
28/01/2011 |
5,000,000,000.00 |
CANARA
BANK |
TOWN
HALL BRANCH 51, STOCK EXCHANGE TOWERS, I CROSS, J C ROAD, BANGALORE,
KARNATAKA - 560027, INDIA |
B06254296 |
|
12 |
10262889 |
05/01/2011 |
1,000,000,000.00 |
PUNJAB
& SIND BANK |
678-679,
S.B. MARKET LANE, CHICKPET AREA ROAD BANGALORE, BANGALORE, KARNATAKA -
560053, INDIA |
B03848116 |
|
13 |
10252796 |
03/11/2010 |
2,000,000,000.00 |
CORPORATION
BANK |
NO.113,
SUBEDAR CHATRAM ROAD, NEAR ANAND RAO CIRCLE, BANGALORE, KARNATAKA - 560009,
INDIA |
A99305328 |
|
14 |
10247246 |
23/09/2010 |
2,000,000,000.00 |
INDIAN
BANK |
BANGALORE
CITY BRANCH, #10, K.G.ROAD, BANGALORE, KARNATAKA - 560001, INDIA |
A95955944 |
|
15 |
10247287 |
22/09/2010 |
5,640,000,000.00 |
VIJAYA
BANK |
K G
ROAD BRANCH, NO. 34, I FLOOR, HARIRAM COMPLEX, K G ROAD, BANGALORE, KARNATAKA
- 560009, INDIA |
A95956355 |
|
16 |
10232326 |
28/06/2010 |
3,000,000,000.00 |
BANK
OF INDIA |
K G
ROAD, BANGALORE, KARNATAKA - 560009, INDIA |
A88367347 |
|
17 |
10183371 |
15/10/2009 |
1,000,000,000.00 |
BANK
OF MHARASHTRA |
HITECH
AGRI BRANCH, KORAMANGALA, BANGALORE, KARNATAKA - 560034, INDIA |
A71715569 |
|
18 |
10125979 |
04/08/2008 |
1,170,000,000.00 |
VIJAYA
BANK |
K G
ROAD, BANGALORE, KARNATAKA - 560009, INDIA |
A44054179 |
|
19 |
10095185 |
24/03/2008 |
1,000,000,000.00 |
INDIAN
BANK |
BANGALORE
CITY BRANCH, NO.10, K.G.ROAD, BANGALORE, KARNATAKA - 560009, INDIA |
A35271261 |
|
20 |
10084441 |
18/03/2008
* |
1,099,700,000.00 |
POWER
FINANCE CORPORATION LIMITED |
'URJANIDHI',
1,BARAKHAMBA LANE,, CONNAUGHT PLACE, NEW DELHI, DELHI - 110001, INDIA |
A35289453 |
|
21 |
10084444 |
24/01/2008 |
294,300,000.00 |
POWER
FINANCE CORPORATION LIMITED |
'URJANIDHI',
1,BARAKHAMBA LANE, CONNAUGHT PLACE, NEW DELHI, DELHI - 110001, INDIA |
A31055106 |
|
22 |
10084449 |
24/01/2008 |
344,600,000.00 |
POWER
FINANCE CORPORATION LIMITED |
'URJANIDHI',
1,BARAKHAMBA LANE, CONNAUGHT PLACE, NEW DELHI, DELHI - 110001, INDIA |
A31055536 |
|
23 |
10084442 |
24/01/2008 |
443,100,000.00 |
POWER
FINANCE CORPORATION LIMITED |
'URJANIDHI',
1,BARAKHAMBA LANE,, CONNAUGHT PLACE, NEW DELHI, DELHI - 110001, INDIA |
A31055700 |
|
24 |
10084447 |
24/01/2008 |
678,400,000.00 |
POWER
FINANCE CORPORATION LIMITED |
'URJANIDHI',
1,BARAKHAMBA LANE, CONNAUGHT PLACE, NEW DELHI, DELHI - 110001, INDIA |
A31055817 |
|
25 |
10084445 |
24/01/2008 |
793,800,000.00 |
POWER
FINANCE CORPORATION LIMITED |
'URJANIDHI',
1,BARAKHAMBA LANE, CONNAUGHT PLACE, NEW DELHI, DELHI - 110001, INDIA |
A31055031 |
|
26 |
10084452 |
24/01/2008 |
942,700,000.00 |
POWER
FINANCE CORPORATION LIMITED |
'URJANIDHI',
1,BARAKHAMBA LANE, CONNAUGHT PLACE, NEW DELHI, DELHI -110001, INDIA |
A31055411 |
|
27 |
10086154 |
14/01/2008 |
1,650,000,000.00 |
VIJAYA
BANK |
K G
ROAD, BANGALORE, KARNATAKA - 560009, INDIA |
A31730153 |
|
28 |
10076691 |
22/11/2007 |
384,000,000.00 |
POWER
FINANCE CORPORATION LIMITED |
'URJANIDHI',
1,BARAKHAMBA LANE,, CONNAUGHT PLACE, NEW DELHI, DELHI - 110001, INDIA |
A27349521 |
|
29 |
10076692 |
22/11/2007 |
395,100,000.00 |
POWER
FINANCE CORPORATION LIMITED |
'URJANIDHI',
1,BARAKHAMBA LANE,, CONNAUGHT PLACE, NEW DELHI, DELHI - 110001, INDIA |
A27349802 |
|
30 |
10076687 |
22/11/2007 |
474,800,000.00 |
POWER
FINANCE CORPORATION LIMITED |
'URJANIDHI',
1,BARAKHAMBA LANE,, CONNAUGHT PLACE, |
A27348713 |
|
31 |
10076694 |
22/11/2007 |
477,400,000.00 |
POWER
FINANCE CORPORATION LIMITED |
'URJANIDHI',1,
BARAKHAMBA LANE,, CONNAUGHT PLACE, |
A27349992 |
|
32 |
10076689 |
22/11/2007 |
488,400,000.00 |
POWER
FINANCE CORPORATION LIMITED |
'URJANIDHI',
1,BARAKHAMBA LANE,, CONNAUGHT PLACE, NEW DELHI, DELHI - 110001, INDIA |
A27349356 |
|
33 |
10064602 |
24/08/2007 |
93,600,000.00 |
POWER
FINANCE CORPORATION LIMITED |
'URJANIDHI',
1,BARAKHAMBA LANE,, CONNAUGHT PLACE,
NEW DELHI, DELHI - 110001, INDIA |
A21465109 |
|
34 |
10065999 |
03/08/2007 |
633,100,000.00 |
POWER
FINANCE CORPORATION LIMITED |
'URJANIDHI',
1,BARAKHAMBA LANE,, CONNAUGHT PLACE, |
A20592119 |
|
35 |
10065974 |
03/08/2007 |
763,900,000.00 |
POWER
FINANCE CORPORATION LIMITED |
'URJANIDHI',
1,BARAKHAMBA LANE,, CONNAUGHT PLACE, |
A20578993 |
|
36 |
10063164 |
03/08/2007 |
865,200,000.00 |
POWER
FINANCE CORPORATION LIMITED |
'URJANIDHI',
1,BARAKHAMBA LANE,, CONNAUGHT PLACE, |
A20600375 |
|
37 |
10053221 |
18/05/2007 |
840,200,000.00 |
POWER
FINANCE CORPORATION LIMITED |
'URJANIDHI',
1,BARAKHAMBA LANE,, CONNAUGHT PLACE, |
A15955511 |
|
38 |
10047216 |
20/03/2007 |
2,000,000,000.00 |
BANK
OF BARODA |
K.G.ROAD,
BANGALORE, KARNATAKA - 560009, INDIA |
A12918686 |
|
39 |
10041528 |
07/03/2007 |
1,260,000,000.00 |
VIJAYA
BANK |
NO.325,
CMH ROAD, INDIRANAGAR, BANGALORE, KARNATAKA - 560038, INDIA |
A12088217 |
|
40 |
10036652 |
31/01/2007 |
724,700,000.00 |
POWER
FINANCE CORPORATION LIMITED |
'URJANIDHI',
1,BARAKHAMBA LANE,, CONNAUGHT PLACE, |
A10519981 |
|
41 |
10030426 |
19/12/2006 |
735,700,000.00 |
POWER
FINANCE CORPORATION LIMITED |
'URJANIDHI',
1,BARAKHAMBA LANE,, CONNAUGHT PLACE, |
A08506354 |
|
42 |
10030423 |
19/12/2006 |
960,000,000.00 |
POWER
FINANCE CORPORATION LIMITED |
'URJANIDHI',
1,BARAKHAMBA LANE,, CONNAUGHT PLACE, |
A08505422 |
|
43 |
10014817 |
11/08/2006 |
763,600,000.00 |
POWER
FINANCE CORPORATION LIMITED |
CHANDRALOK
BUILDING36 JANPATH, NEW DELHI, DELHI - 110001, INDIA |
A03521697 |
|
44 |
10012737 |
27/07/2006 |
814,200,000.00 |
POWER
FINANCE CORPORATION LIMITED |
CHANDRALOK
BUILDING 36 JANPATH, NEW DELHI, DELHI - 110001, INDIA |
A03011723 |
|
45 |
10007695 |
27/06/2006 |
241,848,000.00 |
RURAL
ELECTRIFICATION CORPORATION LIMITED |
CORE
4SCOPE COMPLEX, 7 LODI ROAD, NEW DELHI, DELHI - 110003, INDIA |
A02003499 |
|
46 |
80056023 |
31/08/2009
* |
2,346,000,000.00 |
POWER
FINANCE CORPORATION LIMITED |
'URJANIDHI',
1,BARAKHAMBA LANE,, CONNAUGHT PLACE, |
A71167787 |
* Date of charge modification
FIXED ASSETS:
·
Land and Rights
·
Plant and Machinery
·
Furniture and Fixtures
·
Office Equipments
·
Buildings
·
Hydraulic Works
WEBSITE DETAILS:
HISTORY:
The
erstwhile Mysore State had the enviable and glorious position of establishing
the first major hydro-electric generating station at Shivasamudram as early as
1902 for commercial operation. The art at that time was still in its infancy,
even in the advanced countries. The longest transmission line, at the highest
voltage in the world, was constructed to meet the power needs of mining
operations at Kolar Gold Fields
The
generating capacity of the Shivasamudram Power House gradually increased to 42
MW in stages. To meet the increasing demand for power, the Shimsha Generating
Station, with an installed capacity of 17.2 M.W, was commissioned in the year
1938. The power demand was ever on the increase, for industries and rural electrification,
and additions to generating became imperative. The 1st stage of 48
MW and 2nd stage of 72 MW of the Mahatma Gandhi Hydro-Electric
Station were commissioned during 1948 and 1952, respectively.
Subsequently,
the Bhadra Project, with an installed capacity of 33.2 MW, and the Thungabhadra
Left Bank Power House, with an installed capacity of 27 MW at Munirabad were
commissioned during 1964 and 1965, respectively.
The
State of Karnataka, with availability of cheap electric power, and other
infrastructure facilities, was conducive for increased tempo of industrial
activity. It became necessary therefore, to augment power generating capacity
by harnessing the entire potential of the Sharavathi Valley. The first unit of
89.1 MW was commissioned in 1964 and completed in 1977.
The
demand for power saw a phenomenal increase in the mid-sixties and onwards with
the setting up of many public sector and private industries in the State. As
power generation in the State was entirely dependent on monsoon and was subject
to its vagaries, the State Government set up a coal based power plant at
Raichur. The present installed capacity of the power plant at Raichur is 1260
MWs.
To
augment the energy resources of the State, the Kalinadi Project with an
installed capacity of 810MW at Nagjhari Power House and 100 MW at Supa Dam
Power House, with an energy potential of 4,112 Mkwh, were set up.
The
transmission and distribution system in the State was under the control of the
Government of Karnataka (then Mysore) till the year 1957. In the year 1957,
Karnataka Electricity Board was formed and the private distribution companies
were amalgamated with Karnataka Electricity Board.
Till
the year 1986, KEB was a profit making organisation. However, in the subsequent
years, like other State Electricity Boards in the country, KEB also started
incurring losses, mainly due to the increase in agricultural consumption and
due to the implementation of the socio economic policies of the Government, the
performance of the power sector was affected.
To improve the performance of the power sector and in tune
with the reforms initiated by Government of India, the Government of Karnataka
came out with a general policy proposing fundamental and radical reforms in the
power sector. Accordingly a bill, namely Karnataka Electricity Reforms Act was
passed by the Karnataka Legislature. The Reform bill has mandated major
restructuring of the Karnataka Electricity Board and its Corporatisation. As
part of Corporatisation, the Karnataka Electricity Board ceased to exist and
the Karnataka Power Transmission Corporation Limited to look after Transmission
and Distribution in the State and VVNL (Visweshwaraiah Vidyuth Nigama Limited)
to look after the generating stations under the control of erstwhile Karnataka
Electricity Board were constituted from 01.08.99.
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] 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.60.32 |
|
|
1 |
Rs.100.04 |
|
Euro |
1 |
Rs.82.65 |
INFORMATION DETAILS
|
Information
Gathered by : |
PDT |
|
|
|
|
Report Prepared
by : |
NKT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
YES |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
|
|
|
|
TOTAL |
|
50 |
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors and their relative weights (as
indicated through %) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend (10%) Operational size
(10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & 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.