IDENTIFICATION DETAILS
|
Name : |
GENERAL CABLE ENERGY INDIA PRIVATE LIMITED [w.e.f. 17.07.2008] |
|
|
|
|
Formerly Known
As : |
PLAZA GENERAL CABLE ENERGY PRIVATE LIMITED [w.e.f. 05.07.2007] NAVRATNA ENERGY CABLE PRIVATE LIMITED |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELN08019E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCN3799E |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
No. of Employees
: |
Information declined by the management |
BUSINESS DETAILS
|
Line of Business : |
Providing Energy Infrastructure and Construction of Cable
and also Manufacturing wide range of Wires and Cables. |
GENERAL INFORMATION
|
No. of Employees : |
Information declined by the management |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Bankers : |
· Standard Chartered Bank Credit Documentation Unit, Narain Manzil, |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Delloite Haskins and Sells Chartered Accountants |
|
Address : |
7th Floor, Building 10, Tower B, DLF Cyber City Complex,
DLF City, Phase II, Gurgaon - 122002, Haryana, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AABFD2095B |
|
|
|
|
Ultimate Holding
company : |
General Cable Corporation, USA |
|
|
|
|
Holding company : |
General Cable Holding New Zealand |
|
|
|
|
Associate : |
· GCNZ India Cable 1 Limited · GCNZ India Cable 2 Limited ·
General Cable Trading |
|
|
|
|
Fellow Subsidiary
Company : |
· General Cable Industries Inc · Phelps Dodge International Corporation · Phelps Dodge International (Thailand) Limited · PD Wire and Cable Sales Corporation |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
GCNZ India Cable 1 Limited, New Zealand |
|
2663606 |
|
GCNZ India Cable 2 Limited, New Zealand |
|
2663606 |
|
General Cable Trading, Mauritius |
|
4328697 |
|
|
|
|
|
Total |
|
9655909 |
AS ON 14.10.2013
|
Names of Allottees |
|
No. of Shares |
|
General Cable Trading, Mauritius |
|
441128 |
|
GCNZ India Cable 1 Limited, New Zealand |
|
329768 |
|
GCNZ India Cable 2 Limited, New Zealand |
|
329768 |
|
|
|
|
|
Total |
|
1100664 |
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 |
965.591 |
807.184 |
572.344 |
|
(b) Reserves & Surplus |
748.398 |
795.586 |
402.079 |
|
(c) Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
0.000 |
314.368 |
293.410 |
|
Total
Shareholders’ Funds (1) + (2) |
1713.989 |
1917.138 |
1267.833 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long
term liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
4.595 |
2.371 |
1.078 |
|
Total Non-current
Liabilities (3) |
4.595 |
2.371 |
1.078 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
345.833 |
0.000 |
110.514 |
|
(b)
Trade payables |
99.993 |
66.343 |
50.270 |
|
(c)
Other current liabilities |
100.344 |
74.437 |
44.463 |
|
(d) Short-term
provisions |
0.397 |
0.246 |
0.107 |
|
Total Current
Liabilities (4) |
546.567 |
141.026 |
205.354 |
|
|
|
|
|
|
TOTAL |
2265.151 |
2060.535 |
1474.265 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
1648.173 |
1234.163 |
305.724 |
|
(ii)
Intangible Assets |
37.257 |
19.687 |
0.542 |
|
(iii)
Capital work-in-progress |
0.000 |
374.911 |
968.242 |
|
(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 |
8.544 |
21.077 |
18.569 |
|
(e) Other
Non-current assets |
0.032 |
0.030 |
0.026 |
|
Total Non-Current
Assets |
1694.006 |
1649.868 |
1293.103 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
281.383 |
38.303 |
22.403 |
|
(c) Trade
receivables |
115.570 |
31.526 |
55.648 |
|
(d) Cash
and cash equivalents |
5.577 |
235.088 |
0.779 |
|
(e)
Short-term loans and advances |
151.444 |
89.717 |
79.150 |
|
(f)
Other current assets |
17.171 |
16.033 |
23.182 |
|
Total
Current Assets |
571.145 |
410.667 |
181.162 |
|
|
|
|
|
|
TOTAL |
2265.151 |
2060.535 |
1474.265 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
TOTAL |
375.526 |
64.260 |
53.082 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
734.775 |
152.177 |
167.161 |
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
(359.249) |
(87.917) |
(114.079) |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.000 |
0.000 |
(0.075) |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
(359.249) |
(87.917) |
(114.004) |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’
BALANCE BROUGHT FORWARD |
(762.416) |
(674.499) |
(560.495) |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
(1121.665) |
(762.416) |
(674.499) |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
42.438 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
VALUE OF IMPORTS
CALCULATED ON CIF BASIS |
72.104 |
7.083 |
175.367 |
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (Rs.) |
(37.21) |
(10.89) |
(19.92) |
|
BACKGROUND
Subject is a 100% subsidiary of General Cable Corporation,
USA. The Company serves the growing market of energy infrastructure and
construction cable in and outside India. The Company manufacturing unit in
Baddi is capable of producing wide range of wires and cables and is prepared to
meet the growing demand of the emerging market and customers.
FUTURE OUTLOOK
After commencing the production from Cable Unit in 2012, during the
financial year 2012-13 Company has achieved income from operation of Rs.366.200
Millions. Company is expecting to generate sales volume in excess of Rs.4500.000
Millions in next 2 years’ time. Company is also planning to invest Rs. 300.000 Millions
in next 2 years’ time to expand its production capacity.
RATING & COMMENTS
|
MIRA’s Rating : |
B (33) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
LOCATIONS
|
Registered Office : |
A-38, Kailash Colony, New Delhi - 110048, India |
|
Tel. No.: |
Not Available |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Office: |
|
|
Tel. No.: |
91-124-4326000/ 4326037 |
|
Fax No.: |
91-124-4326019 |
|
|
|
|
Factory: |
Unit-1, Village Bhatouli Khurd, Baddi, District Solan, |
|
Tel No.: |
91-1795-663600 |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.