MIRA
INFORM REPORT
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Report Date : |
02.01.2014 |
IDENTIFICATION DETAILS
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Name : |
IDEA CELLULAR LIMITED |
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Registered
Office : |
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Country : |
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Financials (as
on) : |
31.03.2013 |
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Date of
Incorporation : |
14.03.1995 |
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Com. Reg. No.: |
04-030976 |
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Capital
Investment / Paid-up Capital : |
Rs. 33143.220 Millions |
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CIN No.: [Company Identification
No.] |
L32100GJ1996PLC030976 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
AHMI00670F |
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PAN No.: [Permanent Account No.] |
AAACB2100P |
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Legal Form : |
A Public Limited Liability company. The company’s Shares are Listed on
the Stock Exchanges. |
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Line of Business
: |
The Company
operates in two business segments: a) Mobility
Services: providing GSM based mobile and related telephony services. b) International Long Distance (ILD): providing international long
distance services. |
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No. of Employees
: |
9746 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
A (69) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
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 |
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Maximum Credit Limit : |
USD 560000000 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Exist |
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Comments : |
Subject is a part of “ADITYA BIRLA GROUP”. It is a well-established and reputed company having a good track record.
Financially company appears to be strong. Performance capability is high. The ratings also take into consideration the strong support from its
group companies. Trade relations are reported to be fair. Business is active. Payments
are reported to be regular and as per commitment. In view of experience promoters, the company can be considered for
normal business dealings at usual trade terms and condition. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
INDIAN ECONOMIC OVERVIEW
Uptick in
agriculture and construction spread some cheer as the economy grew a higher-than-expected
4.8 % in the three months through September. Manufacturing rose an annual rate
per cent during the quarter and mining fell by 0.4 %, government data showed
while farm output rose 46%.
India has emerged as
the most attractive investment destination, thanks to a relaxation in foreign
direct investment norms, says a report. India is followed by Brazil and China
in the ranking part of EY’s Capital Confidence Barometer report based on a
survey across 70 nations. The US, France and Japan have emerged as the top
three investors likely to invest in India.
India has been
ranked 83rd globally in terms of talent competitiveness of its human
capital. Switzerland, Singapore, Denmark, Sweden and Luxembourg are the
top five in the list of 103 nations compiled by INSEAD business school.
Tax rates for
companies in India are among the highest in the world and the number of
payments is also more than the global average putting the country at low, 158th
rank on the Paying Taxes. 2014 list by the World Bank and PWC. However, the
time taken for tax payments is relatively less in India which is rated ahead of
China and Japan.
1 billion smartphone
shipments in 2013, a 39.3 % growth over 2012. This was being driven by low cost
computing in emerging markets. By 2017, total smartphone shipments are expected
to approach 1.7 billion units, resulting in a compound annual growth rate of
18.4 % between 2013 and 2017, according to research from IDC.
20 % vacancy rate of
office space in Mumbai and Delhi in the third quarter, the highest in Asia
after Chengdu, in China. According to Cushman and Wakefield, six Indian cities
are among the 10 office markets with the worst vacancies.
Foreign banks will
not have to pay stamp duty and capital gains tax, if they convert their branch
operations into a wholly owned subsidiary, according to the Reserve Bank of
India.
The Reserve Bank of
India is planning to launch CPI – indexed bonds aimed to protecting the savings
of retail investors from the impact the price rise by December end.
Central Bureau of
Investigation has booked State Bank of India, Deputy Managing Director Shyamal
Acharya and others in a graft case related to distribution of a loan of over Rs
4000 mn. Gold and jewellery worth Rs 6.7 mn have been recovered from the
residence of Acharya.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
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Rating |
Short term debt programme: “A1+” |
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Rating Explanation |
Very Strong degree of safety and lowest
credit risk. |
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Date |
29.10.2013 |
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.
INFORMATION DECLINED
Management Non-cooperative
Tel. No.: 91-79-66714000
LOCATIONS
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Registered Office : |
Suman Tower, Plot
No.18, Sector-11, Gandhinagar – 382 011, Gujarat, India |
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Tel. No.: |
91-79-66714000 / 23232250 |
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Fax No.: |
91-79-23232251 |
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E-Mail : |
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Website : |
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Area : |
2000 sq. ft |
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Location : |
Owned |
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Corporate Office : |
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Hyderabad Office : |
3rd Floor K L K Estate , Fateh Maiden Road, Baseerbagh, Hyderabad –
500 001, Andhra Pradesh, India |
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Tel. No.: |
91-40-66652000 |
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Fax No.: |
91-40-66562222 |
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New Delhi Office : |
A-30 Mohan Co-Operative, Industrial Area , Mathura Road, New Delhi –
110 020, India |
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Tel. No.: |
91-11-66615555 |
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Fax No.: |
91-11-66615698/ 99 |
DIRECTORS
As on: 31.03.2013
|
Name : |
Mr. Kumar Mangalam Birla |
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Designation : |
Chairman |
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Address : |
Mangal Adityayan 20, |
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Date of Birth/Age : |
14.06.1967 |
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Name : |
Mrs. Rajashree Birla |
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Designation : |
Non-Executive Director |
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Address : |
Mangal Adityayan 20, |
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Date of Birth/Age : |
15.09.1945 |
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Name : |
Dr. Rakesh Jain |
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Designation : |
Non-Executive Director |
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Name : |
Mr. Biswajit Anna Subramanian |
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Designation : |
Non-Executive Director |
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Address : |
31 |
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Date of Birth/Age : |
19.09.1965 |
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Name : |
Mr. Sanjeev Aga |
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Designation : |
Non-Executive Director |
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Address : |
703, Raheja Grande, |
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Date of Birth/Age : |
01.02.1952 |
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Name : |
Mr. Arun Thiagarajan |
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Designation : |
Independent Director |
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Address : |
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Date of Birth/Age : |
07.09.1944 |
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Name : |
Mr. Gian Prakash Gupta |
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Designation : |
Independent Director |
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Address : |
101, Kaveri, B Wing, |
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Date of Birth/Age : |
11.01.1941 |
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Name : |
Mr. Mohan Gyani |
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Designation : |
Independent Director |
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Address : |
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Date of Birth/Age : |
15.06.1951 |
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Name : |
Ms. Tarjani Vakil |
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Designation : |
Independent Director |
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Address : |
A-1, Ishwardas
Mansions Nana Chowk, Mumbai – 400 007, |
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Date of Birth/Age : |
30.10.1936 |
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Name : |
Mr. R.C. Bhargava |
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Designation : |
Independent Director |
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Name : |
Mr. P. Murari |
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Designation : |
Independent Director |
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Name : |
Ms. Madhabi Puri Buch |
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Designation : |
Independent Director |
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Name : |
Mr. Himanshu Kapania |
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Designation : |
Managing Director |
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Name : |
Dr. Shridhir Sariputta Hansa
Wijayasuriya |
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Designation : |
Alternate Director to Mr. Juan Villalonga Navarro |
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Name : |
Mr. James Maclaurin |
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Designation : |
Alternate Director to Dr. Shridhir Sariputta Hansa Wijayasuriya |
KEY EXECUTIVES
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Name : |
Mr. Akshaya Moondra |
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Designation : |
Chief Financial Officer |
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Name : |
Mr. Pankaj Kapdeo |
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Designation : |
Company Secretary |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 30.09.2013
|
Category of Shareholders |
No. of Shares |
Percentage of
Holding |
|
(A) Shareholding of
Promoter and Promoter Group |
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233333 |
0.01 |
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1520445714 |
45.84 |
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|
1520679047 |
45.85 |
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Total shareholding
of Promoter and Promoter Group (A) |
1520679047 |
45.85 |
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(B) Public Shareholding |
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|
54258554 |
1.64 |
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|
77451279 |
2.33 |
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|
30813399 |
0.93 |
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|
573676684 |
17.30 |
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|
736199916 |
22.19 |
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|
|
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|
19531347 |
0.59 |
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|
|
|
|
42018614 |
1.27 |
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|
4333855 |
0.13 |
|
|
994215257 |
29.97 |
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|
315239 |
0.01 |
|
|
1214504 |
0.04 |
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|
801296 |
0.02 |
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|
990162003 |
29.85 |
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|
1722215 |
0.05 |
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|
1060099073 |
31.96 |
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Total Public
shareholding (B) |
1796298989 |
54.15 |
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Total (A)+(B) |
3316978036 |
100.00 |
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(C) Shares held by Custodians
and against which Depository Receipts have been issued |
0 |
0.00 |
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|
0 |
0.00 |
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|
0 |
0.00 |
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|
0 |
0.00 |
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Total (A)+(B)+(C) |
3316978036 |
0.00 |
Shareholding
belonging to the category "Promoter and Promoter Group"
|
l.No. |
Name of the
Shareholder |
Details of Shares held |
|
|
No. of Shares held |
As a % of grand total (A)+(B)+(C) |
||
|
1 |
Aditya Birla Nuvo Limited |
83,75,26,221 |
25.25 |
|
2 |
Birla TMT Holdings Private Limited |
28,35,65,373 |
8.55 |
|
3 |
Hindalco Industries Limited |
22,83,40,226 |
6.88 |
|
4 |
Grasim Industries Limited |
17,10,13,894 |
5.16 |
|
5 |
Kumar Mangalam Birla |
2,33,333 |
0.01 |
|
|
Total |
1,52,06,79,047 |
45.85 |
Shareholding
belonging to the category "Public" and holding more than 1% of the
Total No. of Shares
|
No. |
Name of the
Shareholder |
No. of Shares held |
Shares as % of
Total No. of Shares |
|
1 |
TMI Mauritius Limited |
464734670 |
14.01 |
|
2 |
P5 Asia Investments Mauritius Limited |
330000000 |
9.95 |
|
3 |
Axiata Investments 2 (India) Limited |
195427333 |
5.89 |
|
4 |
National Westminster Bank PLC As Deposit |
33604288 |
1.01 |
|
5 |
Vanguard International Growth Fund |
34985135 |
1.05 |
|
|
Total |
1058751426 |
31.92 |
Shareholding
belonging to the category "Public" and holding more than 5% of the
Total No. of Shares
|
Sl. No. |
Name(s) of the
shareholder(s) and the Persons Acting in Concert (PAC) with them |
No. of Shares |
Shares as % of Total No. of Shares |
|
1 |
TMI Mauritius Limited |
464734670 |
14.01 |
|
2 |
P5 Asia Investments (Mauritius) Limited |
330000000 |
9.95 |
|
3 |
Axiata Investments 2 (India) Limited |
195427333 |
5.89 |
|
|
Total |
990162003 |
29.85 |
BUSINESS DETAILS
|
Line of Business : |
The Company
operates in two business segments: a) Mobility
Services: providing GSM based mobile and related telephony services. b) International Long Distance (ILD): providing international long
distance services. |
GENERAL INFORMATION
|
No. of Employees : |
9746 (Approximately) |
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Bankers : |
· Dena Bank, Deccan Gymkhana Branch, Pune, Maharashtra, India · Deutsche Bank, Mumbai – 400 001, Maharashtra, India · Standard Chartered Bank, 90, M.G Road, Fort, Mumbai – 400 001, Maharashtra, India · Standard Chartered Grindlays Bank · HDFC Bank Limited, 26-A, Narayan Properties, Chandivali Farm Road, Saki Naka, Andheri (East), Mumbai – 400 072, Maharashtra, India · Axis Bank Limited, Sterling Plaza, 1262/B, J.M. Road, Deccan Gymkhana, Pune, Maharashtra, India ·
IDBI
Bank Limited, IDBI House, Dnyaneshwar Paduka Chowk, F.C. Road,
Shivajinagar, Pune, Maharashtra, India |
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Facilities : |
(Rs.
In Millions)
|
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
Deloitte Haskins and Sells Chartered Accountants |
|
Address : |
706, B Wing, |
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Tel. No.: |
91-20-66244600 |
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Fax No.: |
91-20-66244605 |
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E-Mail : |
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Promoters : |
·
Hindalco Industries Limited (Hindalco) ·
Grasim Industries Limited (Grasim) ·
Aditya Birla Nuvo Limited (ABNL) ·
Birla TMT Holdings Private Limited (Birla TMT) |
|
|
|
|
Subsidiaries : |
·
Idea Telesystems Limited (ITL) (Formerly known as
Swinder Singh Satara and Co. Limited) ·
Aditya Birla Telecom Limited (ABTL) ·
Idea Cellular Services Limited (ICSL) ·
Idea Cellular Infrastructure Services Limited
(ICISL) ·
Idea Cellular Towers Infrastructure Limited
(ICTIL) ·
Idea Mobile Commerce Services Limited (IMCSL) |
|
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Joint Venture : |
·
Indus Towers Limited (Indus) |
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Entities having significant influence : |
·
TMI Mauritius Limited ·
Axiata Investments 2 (India) Limited (AI2) (Formerly
known as TMI India Limited) ·
Axiata Group Berhad |
CAPITAL STRUCTURE
As on: 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
6775000000 |
Equity Shares |
Rs.10/- each |
Rs.67750.000 Millions |
|
1500 |
Redeemable Cumulative Non Convertible Preference Shares |
Rs.10000000/- each |
Rs.15000.000 Millions |
|
|
Total |
|
Rs.82750.000
Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
3314321766 |
Equity Shares |
Rs.10/- each |
Rs.33143.220
Millions |
|
|
|
|
|
As on: 16.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
6775000000 |
Equity Shares |
Rs.10/- each |
Rs.67750.000 Millions |
|
1500 |
Redeemable Cumulative Non Convertible Preference Shares |
Rs.10000000/- each |
Rs.15000.000 Millions |
|
|
Total |
|
Rs.82750.000
Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
3318165213 |
Equity Shares |
Rs.10/- each |
Rs.33181.652
Millions |
|
|
|
|
|
Out of the above,
199153469 Equity Shares are allotted as fully paid up under the Scheme of
amalgamation of Spice Communications Limited without payments being received in
cash
Reconciliation of
the number of Shares outstanding:
|
Particulars |
As at 31st March, 2013 |
|
|
No. of Shares |
Amount (Rs. in
millions) |
|
|
Equity shares outstanding at the beginning of the year |
3308845110 |
33088.450 |
|
Equity shares allotted pursuant to exercise of ESOP |
5476656 |
54.770 |
|
Equity shares
outstanding at the end of the year |
3314321766 |
33143.220 |
Rights attached to
Equity Shareholders:
The Company has only one class of equity shares having par value of ` 10 per share. Each holder of equity shares is entitiled to one vote per share.
Shareholders’ holding
more than 5% shares of the Company:
|
Name of
Shareholder |
As at 31st March, 2013 |
|
|
No. of Shares |
%age |
|
|
Equity Shares |
|
|
|
Aditya Birla Nuvo Limited |
837526221 |
25.27% |
|
Birla TMT
Holdings Private Limited |
283565373 |
8.56% |
|
Grasim Industries Limited |
171013894 |
5.16% |
|
Hindalco Industries Limited |
228340226 |
6.89% |
|
P5 Asia
Investments (Mauritius) Limited |
330000000 |
9.96% |
|
Axiata
Investments 2 (India) Limited |
195427333 |
5.90% |
|
TMI Mauritius Limited |
464734670 |
14.02% |
Share Options granted
under the Employee Stock Option Scheme:
Under the Employee Stock Option Scheme (“ESOS 2006”), the Company has granted options to its eligible employees. Each option when exercised would be converted into one fully paid-up equity share of ` 10 of the Company. Options granted under the ESOS 2006 carry no rights to dividends and no voting rights till the date of exercise. As at the end of financial year reporting date, details of outstanding options are as follows:
|
Particulars |
As at 31.03.2013 No. of Options |
|
Options outstanding at the beginning of the year |
18471360 |
|
Options granted during the year |
-- |
|
Options forfeited / lapsed during the year |
237124 |
|
Options exercised during the year |
5476656 |
|
Options outstanding at the end of the year |
12757580 |
|
Weighted average exercise price of outstanding options (Amount in Rs.) |
50.44 |
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 |
33143.220 |
33088.450 |
33032.720 |
|
(b) Reserves & Surplus |
107055.790 |
96256.930 |
90274.300 |
|
(c) Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
140199.010 |
129345.380 |
123307.020 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) Long-term borrowings |
105743.960 |
86121.560 |
75787.600 |
|
(b) Deferred tax liabilities (Net) |
10231.170 |
5527.390 |
2870.150 |
|
(c) Other long
term liabilities |
8266.480 |
4519.080 |
2277.730 |
|
(d) Long-term
provisions |
2018.860 |
1389.630 |
1230.930 |
|
Total Non-current
Liabilities (3) |
126260.470 |
97557.660 |
82166.410 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
7050.380 |
15260.140 |
16933.760 |
|
(b)
Trade payables |
24315.890 |
29703.760 |
35725.200 |
|
(c)
Other current liabilities |
45201.050 |
37910.310 |
28087.470 |
|
(d) Short-term
provisions |
1239.690 |
63.280 |
60.800 |
|
Total Current
Liabilities (4) |
77807.010 |
82937.490 |
80807.230 |
|
|
|
|
|
|
TOTAL |
344266.490 |
309840.530 |
286280.660 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i)
Tangible assets |
176859.460 |
168938.210 |
142538.670 |
|
(ii)
Intangible Assets |
82526.000 |
68494.360 |
48777.570 |
|
(iii)
Capital work-in-progress |
8434.250 |
6332.730 |
35491.860 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
16377.070 |
16368.070 |
16368.070 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
30018.680 |
25824.030 |
13634.190 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
314215.460 |
285957.400 |
256810.360 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
9.296.000 |
0.000 |
9360.000 |
|
(b)
Inventories |
545.100 |
529.390 |
522.160 |
|
(c)
Trade receivables |
9156.790 |
8075.540 |
5347.490 |
|
(d) Cash
and cash equivalents |
1157.360 |
1341.900 |
4515.350 |
|
(e)
Short-term loans and advances |
9887.340 |
13918.620 |
9717.220 |
|
(f)
Other current assets |
8.440 |
17.680 |
8.080 |
|
Total
Current Assets |
30051.030 |
23883.130 |
29470.300 |
|
|
|
|
|
|
TOTAL |
344266.490 |
309840.530 |
286280.660 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Service Revenue |
220434.350 |
192753.180 |
153327.770 |
|
|
|
Sale of Trading Goods |
0.000 |
0.000 |
0.250 |
|
|
|
Other Income |
434.390 |
470.150 |
561.950 |
|
|
|
TOTAL (A) |
220868.740 |
193223.330 |
153889.970 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Trading Goods Sold |
0.000 |
0.000 |
0.200 |
|
|
|
Personnel Expenditure |
10038.300 |
8588.270 |
7288.830 |
|
|
|
Network Expenses and IT Outsourcing Cost |
63551.950 |
56592.560 |
48724.570 |
|
|
|
License Fees and WPC Charges |
24752.500 |
23231.830 |
17728.000 |
|
|
|
Roaming & Access Charges |
40145.270 |
32798.750 |
24754.480 |
|
|
|
Subscriber Acquisition & Servicing Expenditure |
21324.320 |
20540.750 |
16427.530 |
|
|
|
Advertisement and Business Promotion Expenditure |
4535.610 |
4210.760 |
3848.380 |
|
|
|
Administration & Other Expenses |
4956.290 |
4132.040 |
3837.320 |
|
|
|
Amortisation of Intangible Assets |
5159.990 |
5433.160 |
2500.150 |
|
|
|
TOTAL (B) |
174464.230 |
155528.120 |
125109.460 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
46404.510 |
37695.210 |
28780.510 |
|
|
|
|
|
|
|
|
|
Less |
FINANCE AND
TREASURY CHARGES (NET) (D) |
8134.550 |
9078.040 |
2487.350 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
38269.960 |
28617.170 |
26293.160 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION (F) |
25383.580 |
20194.550 |
17229.950 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
12886.380 |
8422.620 |
9063.210 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
4703.790 |
2657.240 |
617.240 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
8182.590 |
5765.380 |
8445.970 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
10247.610 |
4482.230 |
(3963.740) |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
18430.200 |
10247.610 |
4482.230 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
International roaming services |
902.390 |
874.270 |
811.670 |
|
|
|
Termination / carriage services |
2067.870 |
885.440 |
301.580 |
|
|
TOTAL EARNINGS |
2970.260 |
1759.710 |
1113.250 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Capital Goods (including spares) |
12863.710 |
11918.680 |
13980.860 |
|
|
TOTAL IMPORTS |
12863.710 |
11918.680 |
13980.860 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
|
|
|
|
|
- Basic |
2.47 |
1.74 |
2.56 |
|
|
|
- Diluted |
2.47 |
1.74 |
2.55 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
3.71 |
2.98 |
5.49 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
5.85 |
4.37 |
5.91 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.03 |
2.93 |
3.87 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.09 |
0.07 |
0.07 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.81 |
0.78 |
0.75 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.39 |
0.29 |
0.37 |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES OF
LONG TERM DEBT DETAILS
|
Particulars |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
|
|
|
Current Maturities of Long Term Debt |
16687.120 |
19574.830 |
12853.240 |
|
|
|
|
|
|
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 |
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 LOAN
(Rs.
In Millions)
|
Particulars |
As on 31.03.2013 |
As on 31.03.2012 |
|
Long term
borrowings |
|
|
|
Foreign Currency
Loan |
|
|
|
- From Banks |
13103.140 |
15245.510 |
|
Deferred Payment Liabilities towards Spectrum |
13313.980 |
0.000 |
|
|
|
|
|
Short term
borrowings |
|
|
|
Short Term Loan |
|
|
|
- from Banks |
2.120 |
248.190 |
|
- from Others |
2793.870 |
500.000 |
|
Buyers’ Credit in Foreign Currency from Banks |
4254.390 |
6446.620 |
|
Commercial Papers from Banks |
0.000 |
1000.000 |
|
|
|
|
|
Total |
33467.500 |
23440.320 |
CASE DETAILS
ARB.P. 349/2013
GANESH PROMOTERS PVT LTD ..... Petitioner
Through: Mr Rakesh Gaur, Adv.
versus
IDEA CELLULAR LTD and ANR. ..... Respondents
Through: Mr Manu Parashar, Adv. for R-1.
CORAM:
HON'BLE MR. JUSTICE RAJIV SHAKDHER
ORDER
08.10.2013
Mr Manu Parashar enters appearance on behalf of respondent no. 1.
He seeks and is granted four weeks to file a reply.
I am informed that service is awaited vis-a-vis respondent no. 2.
On steps being taken fresh notice shall issue to respondent no.2. Reply be filed within four weeks. Rejoinder, if any, be filed before the next date of hearing.
List on 12.02.2014.
RAJIV SHAKDHER, J
OCTOBER 08, 2013
kk
$ 6
|
CIVIL APPLICATION No. 693
of 2013 |
|
In STAMP NUMBER / 2933 /
2013 ( PENDING ) |
|
Status : PENDING |
(Converted from : O/ST/2934/2013 ) |
CCIN No : 001073201300693 |
|
Next Listing Date: |
17/01/2014 |
|
Coram |
HONOURABLE MR.JUSTICE JAYANT PATEL |
|
S.NO. |
Name of the
Petitioner |
Advocate On Record |
|
1 |
DEPUTY COMMISSIONER OF INCOME TAX – 3 |
MRS MAUNA M BHATT for: Applicant(s) |
1|
S.NO. |
Name of the
Respondant |
Advocate On Record |
|
1 |
IDEA CELLULAR LTD |
RULE NOT RECD BACK for :Respondent(s) |
|
Presented On |
: 25/10/2013 |
Registered On |
: 20/11/2013 |
|
Bench Category |
: - |
District |
: GANDHINAGAR |
|
Case Originated
From |
: THROUGH ADVOCATE |
Listed |
: 1 times |
|
StageName |
: ADMISSION (FRESH MATTERS) |
||
|
Classification |
SJ - CIVIL APPLICATION - LIMITATION ACT, 1963 - CONDONATION OF DELAY |
||
|
Act |
LIMITATION ACT, 1963 |
||
OFFICE DETAILS
|
S. No. |
Filing Date |
Document Name |
Advocate Name |
Court Fee on
Document |
Document Details |
|
1 |
25/10/2013 |
APPEARANCE NOTE |
MRS MAUNA M BHATT ADVOCATE |
0 |
MRS MAUNA M BHATT(174) for P:1 |
|
2 |
25/10/2013 |
MEMO OF APPEAL/PETITION/SUIT |
MRS MAUNA M BHATT ADVOCATE |
20 |
MRS MAUNA M BHATT(174), for P:1 |
COURT PROCEEDINGS
|
S. No. |
Notified Date |
Court Code |
Board Sr. No. |
Stage |
Action |
Coram |
AVAILABLE ORDERS
|
S. No. |
Case Details |
Judge Name |
Order Date |
CAV |
Judgement |
Questions |
Transferred |
|
1 |
CIVIL APPLICATION/693/2013 |
HONOURABLE MR.JUSTICE JAYANT PATEL |
13/12/2013 |
N |
ORDER |
- |
Y |
CERTIFIED COPY
|
S. No. |
ApplicantName |
ApplicationType |
Application Date |
UOL Number |
Order Date |
Notify Date |
Delivery Date |
Status |
Nature Of Document |
|
1 |
MRS MAUNA M BHATT |
ORDINARY |
16/12/2013 |
O/38971/2013 |
13/12/2013 |
17/12/2013 |
17/12/2013 |
Delivered |
ORDER |
MANAGEMENT DISCUSSION AND ANALYSIS
INDIAN WIRELESS
SECTOR
The Indian wireless sector continued to expand its reach with the addition of more than 40 million VLR (active) subscribers during the year. However, revenue growth for the sector during the Financial Year 2012-13 remained subdued, and was lower than that of Financial Year 2011-12. The uncertain, complex and litigation prone regulatory environment, arising out of cancellation of licenses by Supreme Court in February 2012 and subsequent adoption of astronomical reserve prices for spectrum auctions by Government, continued diverting energies from operations to regulation.
The spectrum auction in November 2012 witnessed a luke-warm response from operators, with reacquisition of only ~1/7th of cancelled licenses. In terms of quantum of spectrum, out of the total 236 blocks of 1.25 MHz put to auction in 1800 MHz band, only 102 blocks were taken up, while no bids were placed for the service areas of Mumbai, Delhi, Karnataka and Rajasthan. There were no participants in the auction for spectrum in 800 MHz band. The second round of spectrum auction in March, 2013, which was limited to 3 ‘Metro’ service areas for 900 MHz and limited to 4 service areas for 1800 MHz (where no bids were received in November 2012 auction) with 30% reduction in reserve price of November 2012 auction, witnessed no participation at all. For auction in 800 MHz band with 50% reduction in reserve price, which was conducted for all 22 service areas, there was only one bidder, bidding/winning spectrum in only 8 service areas out of the 21 service areas for which its licenses were cancelled.
These events led to contraction of capacities in some of the service areas. This coupled with stretched financial performance of the marginal operators, reduced the tariff led competition. As a result, the realisation remained almost stable.
The industry subscriber base reached 867.800 Millions, a penetration of 70.85%. However with the VLR (active) subscriber ratio of
83.3%, the real penetration stands at around 59%, reflecting the significant growth potential for voice business in the coming years. The 3G network coverage was further expanded during the year by most of the strong operators, resulting in improved data revenues. With the latent demand for broadband coupled with growing availability and usage of smart phones, 3G services hold the key for the data growth in the sector.
MOBILE BUSINESS
The Company is a pan India wireless operator providing GSM based mobile services in all 22 service areas of the Country. In addition, the Company won 3G spectrum in 11 services areas and currently provides 3G services in 20 service areas, including roaming arrangements with other operators for 10 service areas. The Company holds a leadership position in revenue market share in 4 service areas (representing 21.3% of Industry wireless revenue) and among the top 3 operators in 11 service areas (representing 60.2% of Industry wireless revenue). These 11 service areas contribute over 83.1% of mobile revenues. The Company is focused on expansion in these service areas to further consolidate its leadership position. Seven operating licenses (representing 20.5% of Industry wireless revenue and 4.7% of Company revenues) of the Company were cancelled by Supreme Court in February 2012, which were re-acquired in November 2012 auctions. These 7 service areas, where the commercial operations were started in FY 09-10, are gestating in terms of profitability. With reduction in competitive intensity, the Company intends to increase its coverage and market share in these service areas to achieve break even.
LONG DISTANCE AND
OTHER SERVICES
The Company holds licenses for NLD, ILD and ISP services. Its fibre cable transmission network (owned as well as under IRU arrangement with other telecom operators) expanded to 74,000 kms, compared to 65,000 kms a year ago. The Company has also increased the OFC PoPs to over 2,308 PoPs in 128 cities and linked highways. The fibre network optimally serves its 2G/ 3G/NLD/ ILD/ ISP/Wireless Broadband needs.
Idea NLD currently carries around 95% of Idea’s captive NLD minutes. Idea ILD now handles over 99% of captive ILD outgoing minutes, besides bringing large volume of incoming minutes from top international carriers across the globe. The ISP services, which were launched in FY 11-12, to cater for the captive requirement of mobile business, currently handles more than 86% of captive requirements. It is also ready to offer alternative choice to small ISPs and enterprise customers for their wholesale internet backhaul needs.
TELECOM
INFRASTRUCTURE
The Company continued to expand its 2G and 3G network. It has a network of 90,094 2G sites as on March 31, 2013, adding 6,904 2G cell sites during the year. The Company has also increased its 3G presence with launch of 4,315 3G cell sites, taking the 3G cell site count to 17,140 by end of the financial year in the 10 service areas where it provides 3G services with own spectrum. The Company and its subsidiaries own 9,401 towers with a tenancy of over 1.57 and additionally 11,094 towers are under IRU arrangement with Indus Towers Limited (Indus), which will get vested into Indus upon the scheme of amalgamation becoming effective.
3G SERVICES
The Company, in 2010, won spectrum in 2100 MHz band in 11 service areas. The Company’s 3G investment plans are on track with high speed broad band services now available in 20 service areas (including those with roaming arrangements), with around 5.100 Millions subscribers actively using 3G platform and enjoying wireless broadband services.
REVENUE MARKET SHARE
Improvement in the Revenue Market Share (RMS) remained as one of the key focus areas for the Company. It has increased its all India revenue market share from 15.0% in Q4 FY 11-12 to 15.7% in Q4 FY 12-13, consolidating its national position.
QUALITY SUBSCRIBER
BASE
The Company has always stringently monitored the quality of its subscriber base. The subscriber base of the Company stands at 121.600 Millions as at end March 31, 2013 compared to 112.700 Millions at the end of last year, an increase of 7.9%. The Company retained its leadership position with 98.9 % of reported subscribers as active (VLR) subscribers, as per data released by TRAI as of March, 2013. The Company has gained 37.2 % of total VLR subscribers added by the Mobile Industry during the year. Its VLR subscriber market share stands at 16.6% as at the March 31, 2013 compared to a reported subscriber market share of 14.0 %, reflecting the true competitive strength of the Company.
MOBILE NUMBER
PORTABILITY
While the number of the subscribers who opted for the Mobile Number Portability (MNP), a facility which allows customers to change their operator while retaining their mobile number (in the same service area), continues to grow, they are not very large in numbers. However, the trends emerging from MNP are clearly distinguishing the strong operators in terms of customers’ preference for better quality of services and brand value, thereby reflecting the market power of the operators. With the net gain of 6.700 Millions subscribers since the launch of MNP and the lowest port-out ratio of 59 subscribers against every 100 port-in subscribers, Idea leads the industry.
Idea’s success on the MNP front clearly shows the strength of its seamless network coverage, low call drop rate, better voice quality, advanced and precise billing systems, customer oriented call centers and innovative/competitive product offerings.
NON VOICE REVENUE
The fixed line wired broadband penetration remains at around 1% in India, allowing the Company to capitalize on the significant growth opportunity offered by the data segment. The expansion of 3G network in last few years since the launch of 3G services in FY 10-11, has resulted in improved share of Non Voice Revenue in the total revenue. The growth in Non Voice revenue is primarily driven by growth witnessed in data revenue, while other Non Voice revenue remained almost flat. The Company continues to launch innovative product offerings, with high quality content, to improve its share of Non Voice revenue.
Power Brand
Idea is envisioned as a ‘Champion’ brand, driven by a cause. Their mission is to shift paradigms, making mobile telephony a way of life. To be a leader in the fast changing telecom industry, it is important to be ahead of the times. Idea represents innovation and vitality, is imaginative and future ready. Idea strives to build preference for the brand through its services.
Idea’s communication has been about simple ideas that have the potential to change the life. It paints a picture of possibilities that lift mobile telephony from just communication to being an enabler of positive change in the lives of millions. They have creatively used the role mobile services is playing in uniting the country and providing innovative suggestions to long standing societal issues. The brand communication is designed to be perceived as humane, caring, warm and friendly.
This framework has led to the creation of some very noticeable and memorable advertising like the ‘Caste War’, ‘Education for all’, ‘Use Mobile Save Paper’, ‘Break the Language Barrier’, ‘Population’ (India busy on Idea 3G), and ‘Old Idea – New Idea’ which have not only won many awards but also millions of hearts. Idea’s advertising over the years has found its way into the popular culture with its catch phrases like “What an idea, Sirjee”, “no Idea – get Idea” etc. becoming part of common man’s lingo. This year saw the nation sway to the tune of “honey-bunny” song. The highly viralled campaign got stupendous response from online and offline audience alike. The campaign that had its tagline as “Idea rings all India”, and established Idea’s all India presence, could not have come at a more opportune time, just when Idea had won back licenses in seven circles. This was followed by another thought provoking advertising campaign – “Telephone Exchange”. It addressed not so much a societal issue but an endearingly “closer to my life” story with the potential of impacting a very large part of the society. Synthesizing two simple insights (a) empathy in personal relationships is the first casualty of today’s fast paced and stressful life, and (b) their mobile phone is a true reflection of who they are and what’s going on in their lives, the campaign aptly brought alive the core insight -“ek doosre ko samajhne ke liye telephone exchange, what an idea!”.
These two large campaigns were peppered with a series of short bursts of festive campaigns. It blended the spirit of celebration with India’s pluralistic society into a simple yet powerful thought – “it is a good idea to celebrate festivals of all religions, no matter what faith one may follow”. The campaign thought was brought alive through a number of films on Diwali, Eid, Christmas, Holi and even Valentine’s Day. The campaign continues with more festivals to come.
Idea is the fastest growing leading telecom operator in the world’s fastest growing telecom market. It’s brand building efforts have been recognized in various forums, both national as well as international.
OUTLOOK
The strong and customer focused wireless operators should continue to exploit the growth opportunities offered by the second largest wireless market (by number of subscribers) in the world, in both voice as well as data segment. Though, some of the recent regulatory developments are posing a temporary bottleneck to growth, the Company believes that in the long run, these would impact all operators similarly. The operators with superior networks, superior quality of services, superior brand image, superior organization and superior management processes, would keep on consolidating their competitive positions in the Indian telecom sector. During the last few years, Idea has shown continuous improvement across all the operating parameters, while consolidating its position as the No. 3 operator in the wireless market. The clear vision of the company and sheer passion for excellent execution has not only improved its position in the service areas where it started operations in the last 3 years, but also increased the RMS in its leadership service areas. The Company remains confident to sail over this uncertain regulatory phase and consolidate its position the wireless market.
CONTINGENT
LIABILITIES:
DoT has issued demand notices towards one time spectrum charges -
- for spectrum beyond 6.2 Mhz in respective service areas for retrospective period from 1st July 2008 to
31st December 2012, amounting to Rs. 3,691.300 Millions., and
- for spectrum beyond 4.4 Mhz in respective service areas effective 1st January 2013 till expiry of the period as per respective licenses amounting to Rs. 17,443.700 Millions.
In the opinion of Company, inter-alia, the above demand amounts to alteration of financial terms of the licenses issued in the past. The Company therefore, petitioned the Hon’ble High Court of Bombay, which directed DoT to respond and not to take any coercive action until next date of hearing, which is scheduled for 6th May 2013.
ii. The Company has a contingent obligation to buy compulsorily convertible preference shares issued by ABTL from the holder at Rs. 21,548.160 Millions. (Previous year Rs. 20,982.500 Millions.).
iii. Other Matters -
|
Particulars |
31.03.2013 (Rs.
in Millions) |
|
Income Tax matters not acknowledged as debts (Note i) |
16807.880 |
|
Sales Tax matters not acknowledged as debts (Note ii) |
395.640 |
|
Service Tax matters not acknowledged as debts (Note iii) |
13814.910 |
|
Entry Tax and Customs matters not acknowledged as debts (Note iv) |
610.650 |
|
Licensing Disputes (Note v) |
9955.780 |
|
Other claims not acknowledged as debts (Note vi) |
2050.380 |
UNAUDITED
FINANCIAL RESULTS FOR THE QUARTER AND SIX MONTHS ENDED 30 SEPTEMBER, 2013
|
Particulars |
Quarter ended |
Year ended |
|
|
30.09.2013 Audited |
30.06.2013 Unaudited |
30.09.2013 Audited |
|
|
Net Sales / Income from Operations |
62332.400 |
64698.000 |
127030.400 |
|
Other Operating Income |
15.600 |
11.300 |
26.900 |
|
TOTAL REVENUE |
62348.000 |
64709.300 |
127057.300 |
|
|
|
|
|
|
Personnel Expenditure |
3105.100 |
2723.400 |
5828.500 |
|
Network Expenses & IT Outsourcing Cost |
18227.800 |
17842.700 |
36070.500 |
|
Licence & WPC Charges |
6959.000 |
7464.500 |
14423.500 |
|
Roaming & Access Charges |
9563.400 |
10951.300 |
20514.700 |
|
Subscriber Acquisition & Servicing Expenditure & Advertisement and Business Promotion Expenditure |
5893.900 |
6003.800 |
11897.700 |
|
Depreciation & Amortisation |
9721.300 |
10313.000 |
20034.300 |
|
Other Expenditure |
1416.100 |
1315.300 |
2731.400 |
|
TOTAL EXPENDITURE |
54886.600 |
56614.000 |
111500.600 |
|
PROFIT FROM
OPERATIONS BEFORE OTHER INCOME, FINANCE CHARGES AND TAX |
7461.400 |
8095.300 |
15556.700 |
|
Other Income |
-- |
-- |
-- |
|
PROFIT BEFORE
FINANCE CHARGES AND TAX |
7461.400 |
8095.300 |
15556.700 |
|
Finance and Treasury Charges (Net) |
1567.000 |
1817.700 |
3384.700 |
|
PROFIT BEFORE TAX |
5894.400 |
6277.600 |
12172.000 |
|
Provision for Taxation (Net of MAT credit) |
2020.800 |
2233.800 |
4254.600 |
|
NET PROFIT AFTER
TAX |
3873.600 |
4043.800 |
7917.400 |
|
Paid up Equity Share Capital (Face value Rs.10 per share) |
33169.800 |
33155.700 |
33169.800 |
|
Reserves excluding Revaluation Reserve |
|
|
|
|
Earnings Per Share for the period (Rs.) - Basic - Diluted |
1.17 1.17 |
1.22 1.22 |
2.39 2.38 |
Debt Service Coverage Ratio (DSCR) * 2.42
Interest Service
Coverage Ratio (ISCR) ** 7.75
* DSCR=Profit after Tax + Depreciation and Amortisation + Gross Finance Costs/(Gross Finance Costs+scheduled long term principal repayments excluding prepayments)
** ISCR=Profit after Tax + Depreciation and Amortisation + Gross Finance Costs/(Gross Finance Costs)
Select Information
for the quarter and six months ended 30 September 2013
|
Particulars |
Quarter ended |
Year ended |
|
|
30.09.2013 Audited |
30.06.2013 Unaudited |
30.09.2013 Audited |
|
|
A. Particulars of Share Holding |
|
|
|
|
1. Public Shareholding |
|
|
|
|
- Number of Shares |
1796298989 |
1794892089 |
1796298989 |
|
- Percentage of Shareholdings |
54.15% |
54.14% |
54.15% |
|
2. Promoters and promoter group shareholding a) Pledged/Encumbered |
|
|
|
|
- No. of shares |
-- |
-- |
-- |
|
- Percentage of shares (as a % of the total shareholding of promoter and promoter group) |
0.00% |
0.00% |
0.00% |
|
- Percentage of shares (as a % of the total share capital of the Company) |
0.00% |
0.00% |
0.00% |
|
b) Non-encumbered |
|
|
|
|
- No. of shares |
1520679047 |
1520679047 |
1520679047 |
|
- Percentage of shares (as a % of the total shareholding of promoter and promoter group) |
100.00% |
100.00% |
100.00% |
|
- Percentage of shares (as a % of the total share capital of the Company) |
45.85% |
45.86% |
45.85% |
|
B. Investor
Complaints |
Quarter Ended
30.09.2013 |
|
Pending at the beginning of the quarter |
0 |
|
Received during the quarter |
98 |
|
Disposed off during the quarter |
98 |
|
Remaining unresolved at the end of the quarter |
0 |
Note:
The above unaudited financial results, as reviewed by the Audit Committee of the Board, were approved and taken on record by the Board of Directors at their meeting held on 24th October 2013. Limited Review, as required under Clause 41 of Listing Agreement, has been carried out by the Statutory Auditors.
On 8th January 2013, DoT issued demand notices towards one time spectrum charges:
-for spectrum beyond 6.2 Mhz in respective service areas for retrospective period from 1st July 2008 to 31st
December 2012, amounting to Rs. 3691.300 millions, and
- for spectrum beyond 4.4 Mhz in respective service areas effective 1st January 2013 till expiry of the period as per respective licenses, amounting to Rs. 17443.700 millions.
In the opinion of Company, inter-alia, the above demands amounts to alteration of financial terms of the licenses issued in the past. The Company therefore, petitioned the Hon’ble High Court of Bombay, which directed DoT to respond and not to take any coercive action until next date of hearing.
In the matter of transfer of licenses pursuant to amalgamation of erstwhile Spice Communications Limited (Spice) with the Company, the division bench of Hon’ble High Court of Delhi, vide its order passed on 17th October, 2012 had given further time to the DoT till 11th November 2012 to take final decision of transfer of licenses. Thereafter, DoT again filed another application, to further extend the period by three months. The said application of DoT was disposed off by Hon’ble Delhi High Court vide order dated 11th December 2012, wherein DoT was directed to convey the final decision by 5th January 2013. The final decision of the DoT in the matter is awaited.
Statement of Assets
and Liabilities:-
(Rs. in millions)
|
Particulars |
As at 30.09.2013 |
|
Audited |
|
|
A. EQUITY
AND LIABILITIES |
|
|
1
Shareholders' funds |
|
|
(a) Share Capital |
33169.800 |
|
(b) Reserves and Surplus |
115075.600 |
|
Sub-total Shareholders'
funds |
148245.400 |
|
2
Non-current liabilities |
|
|
(a) Long-term borrowings |
104481.400 |
|
(b) Deferred tax liabilities (net) |
13206.500 |
|
(c) Other long-term liabilities |
13152.600 |
|
(d) Long-term provisions |
2211.400 |
|
Sub-total non-current
liabilities |
133051.900 |
|
3 Current
liabilities |
|
|
(a) Short-term borrowings |
285.800 |
|
(b) Trade Payables |
24397.600 |
|
(c) Other current liabilities |
49867.900 |
|
(d) Short-term provisions |
544.400 |
|
Sub-total current
liabilities |
75095.700 |
|
TOTAL - EQUITY AND
LIABILITIES |
356393.000 |
|
B. ASSETS |
|
|
1
Non-current assets |
|
|
(a) Fixed assets |
266072.000 |
|
(b) Non-current Investments |
16377.100 |
|
(c) Long-term loans and advances |
29071.600 |
|
Sub-total non-current assets |
311520.700 |
|
2 Current
assets |
|
|
(a) Current investments |
8087.500 |
|
(b) Inventories |
501.600 |
|
(c) Trade receivables |
8404.400 |
|
(d) Cash and cash equivalents |
20091.800 |
|
(e) Short-term loans and advances |
7460.100 |
|
(f) Other current assets |
326.900 |
|
Sub-total current assets |
44872.300 |
|
TOTAL -ASSETS |
356393.000 |
Previous period’s figures have been regrouped and rearranged wherever necessary.
INDEX OF CHARGES
|
S. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10427852 |
17/05/2013 * |
5,000,000,000.00 |
IDBI BANK
LIMITED |
IDBI TOWER, WTC
COMPLEX, CUFFE PARADE, MUMBAI, MAHARASHTRA - 400005, INDIA |
B76769868 |
|
2 |
10408312 |
15/02/2013 * |
4,000,000,000.00 |
IDBI BANK
LIMITED |
IDBI TOWERWTC COMPLEX,
CUFFE PARADE, MUMBAI, MAHARASHTRA - 400005, INDIA |
B71127054 |
|
3 |
10406050 |
28/01/2013 * |
10,000,000,000.00 |
IDBI TRUSTEESHIP
SERVICES LIMITED |
ASIAN BUILDING,
GROUND FLOOR, 17, R. KAMANI MARG, |
B69407096 |
|
4 |
10386431 |
18/10/2012 |
582,200,000.00 |
DENA BANK |
DECCAN GYMKHANA
BRANCH, ASHOK CHAMBERS, DECCAN GYMKHANA, PUNE, MAHARASHTRA - 411004, INDIA |
B62063946 |
|
5 |
10364978 |
26/06/2012 * |
14,900,000,000.00 |
IDBI BANK
LIMITED |
IDBI TOWER, WTC
COMPLEX, CUFFE PARADE, MUMBAI, MAHARASHTRA - 400005, INDIA |
B44161636 |
|
6 |
10348522 |
18/04/2012 * |
6,559,915,205.00 |
IDBI BANK
LIMITED |
IDBI TOWER, WTC COMPLEX,
CUFFE PARADE, MUMBAI, MAHARASHTRA - 400005, INDIA |
B39388442 |
|
7 |
10324223 |
14/12/2011 * |
7,500,000,000.00 |
IDBI BANK
LIMITED |
IDBI TOWER WTC
COMPLEX, CUFFE PARADE, MUMBAI, MAHARASHTRA - 400005, INDIA |
B28564573 |
|
8 |
10322451 |
24/11/2011 |
500,000,000.00 |
CANARA BANK |
VILE PARLE EAST
BRANCH, 38, BRIJ BHOOMI, NEHRU ROAD, VILE PARLE (EAST), MUMBAI, MAHARASHTRA -
400057, INDIA |
B27582154 |
|
9 |
10321276 |
21/10/2011 |
17,000,000,000.00 |
STATE BANK OF
INDIA |
CORPORATE ACCOUNTS
GROUP, 3RD FLOOR, NEVILLE HOUSE, J.N HARIDIA MARG, BALLARD ESTATE,
MUMBAI, MAHARASHTRA - 400001, INDIA |
B26948315 |
|
10 |
10273224 |
01/03/2011 * |
776,774,400.00 |
IDBI BANK
LIMITED |
IDBI TOWER, WTC COMPLEX,
CUFFE PARADE, MUMBAI, MAHARASHTRA - 400005, INDIA |
B09091000 |
|
11 |
10271760 |
01/03/2011 * |
2,500,000,000.00 |
IDBI BANK
LIMITED |
IDBI TOWER, WTC
COMPLEX, CUFFE PARADE, MUMBAI, MAHARASHTRA - 400005, INDIA |
B09091877 |
|
12 |
10270568 |
26/02/2011 * |
3,000,000,000.00 |
IDBI BANK
LIMITED |
IDBI TOWER, WTC
COMPLEX, CUFFE PARADE, MUMBAI, MAHARASHTRA - 400005, INDIA |
B08157232 |
|
13 |
10229962 |
30/07/2010 * |
23,000,000,000.00 |
IDBI BANK
LIMITED |
IDBI TOWER, WTC COMPLEX,
CUFFE PARADE, MUMBAI, MAHARASHTRA - 400005, INDIA |
A92430040 |
|
14 |
10226955 |
01/07/2010 |
7,000,000,000.00 |
IDBI BANK
LIMITED |
IDBI TOWER, WTC
COMPLEX, CUFFE PARADE, MUMBAI, MAHARASHTRA - 400005, INDIA |
A88685656 |
|
15 |
10213454 |
30/07/2010 * |
48,000,000,000.00 |
IDBI BANK
LIMITED |
IDBI TOWER, WTC
COMPLEX, CUFFE PARADE, MUMBAI, MAHARASHTRA - 400005, INDIA |
A92429083 |
|
16 |
10195039 |
30/07/2010 * |
4,090,716,000.00 |
IDBI BANK
LIMITED |
IDBI TOWER, WTC COMPLEX,
CUFFE PARADE, MUMBAI, MAHARASHTRA - 400005, INDIA |
A93386829 |
|
17 |
10136856 |
19/12/2008 |
500,000,000.00 |
BANK OF INDIA |
MUMBAI LARGE
CORPORATE BRANCH, 4TH FLOOR, 70-80, |
A54338785 |
|
18 |
10114966 |
12/07/2008 |
3,000,000,000.00 |
CANARA BANK
LIMITED |
FORT MAIN
BRANCH, SIR P.M. ROAD, FORT, MUMBAI, MAHARASHTRA - 400001, INDIA |
A42977082 |
|
19 |
10113936 |
30/07/2010 * |
4,234,650,000.00 |
IDBI BANK
LIMITED |
IDBI TOWER, WTC
COMPLEX, CUFFE PARADE, MUMBAI, MAHARASHTRA - 400005, INDIA |
A94058237 |
|
20 |
10093442 |
10/03/2008 |
1,350,000,000.00 |
INDUSTRIAL
DEVELOPMENT BANK OF INDIA LIMITED |
IDBI TOWER, WTC COMPLEX,
CUFFE PARADE, MUMBAI, MAHARASHTRA - 400005, INDIA |
A34611194 |
|
21 |
10078911 |
22/10/2007 |
300,000,000.00 |
DENA BANK |
DECCAN GYMKHANA
BRANCH, ASHOK CHAMBERS, DECCAN GYMKHANA, PUNE, MAHARASHTRA - 411004, INDIA |
A26320341 |
|
22 |
10074035 |
30/07/2010 * |
32,000,000,000.00 |
IDBI BANK
LIMITED |
IDBI TOWER, WTC
COMPLEX, CUFFE PARADE, MUMBAI, MAHARASHTRA - 400005, INDIA |
A91033704 |
|
23 |
10065362 |
08/05/2007 |
1,900,000,000.00 |
INDUSTRIAL
DEVELOPMENT BANK OF INDIA LIMITED |
IDBI TOWER, WTC COMPLEX,
CUFFE PARADE, MUMBAI, MAHARASHTRA - 400005, INDIA |
A18320820 |
|
24 |
10082783 |
08/05/2007 |
1,900,000,000.00 |
INDUSTRIAL
DEVELOPMENT BANK OF INDIA LIMITED |
IDBI TOWER, WTC
COMPLEX, CUFFE PARADE, MUMBAI, MAHARASHTRA - 400005, INDIA |
A18321182 |
|
25 |
10082902 |
08/05/2007 |
1,900,000,000.00 |
INDUSTRIAL
DEVELOPMENT BANK OF INDIA LIMITED |
IDBI TOWER, WTC
COMPLEX, CUFFE PARADE, MUMBAI, MAHARASHTRA - 400005, INDIA |
A18321570 |
|
26 |
10047846 |
09/04/2007 |
1,100,000,000.00 |
UTI BANK LIMITED |
1262/B, STERLING
PLAZA, JANGLI MAHARAJ ROAD, DECCAN GYMKHANA, PUNE, MAHARASHTRA - 411004,
INDIA |
A14304224 |
|
27 |
10028261 |
23/11/2006 |
50,000,000.00 |
DENA BANK |
DECCAN GYMKHANA
BRANCH, PUNE, MAHARASHTRA - 411004, INDIA |
A07685126 |
|
28 |
10028084 |
23/11/2006 |
100,000,000.00 |
DENA BANK |
DECCAN GYMKHANA
BRANCH, PUNE, MAHARASHTRA - 411004 |
A07685449 |
|
29 |
10332478 |
23/11/2006 |
100,000,000.00 |
DENA BANK |
DECCAN GYMKHANA
BRANCH, PUNE, MAHARASHTRA - 411004, INDIA |
A07685787 |
|
30 |
10033606 |
23/11/2006 |
300,000,000.00 |
DENA BANK |
DECCAN GYMKHANA
BRANCH, PUNE, MAHARASHTRA - 411004, INDIA |
A07684533 |
|
31 |
10019909 |
09/05/2007 * |
42,240,000,000.00 |
INDUSTRIAL DEVELOPMENT
BANK OF INDIA LIMITED |
IDBI TOWER, WTC
COMPLEX, CUFFE PARADE, MUMBAI, MAHARASHTRA - 400005, INDIA |
A04933529 |
|
32 |
10020059 |
30/07/2010 * |
42,240,000,000.00 |
IDBI BANK
LIMITED |
IDBI TOWER, WTC COMPLEX,
CUFFE PARADE, MUMBAI, MAHARASHTRA - 400005, INDIA |
A93119972 |
|
33 |
10020080 |
09/05/2007 * |
42,240,000,000.00 |
INDUSTRIAL
DEVELOPMENT BANK OF INDIA LIMITED |
IDBI TOWER, WTC
COMPLEX, CUFFE PARADE, MUMBAI, MAHARASHTRA - 400005, INDIA |
A14690747 |
|
34 |
10020296 |
05/04/2007 * |
42,240,000,000.00 |
INDUSTRIAL
DEVELOPMENT BANK OF INDIA LIMITED |
IDBI TOWER, WTC
COMPLEX, CUFFE PARADE, MUMBAI, MAHARASHTRA - 400005, INDIA |
A14239065 |
|
35 |
10008663 |
08/06/2006 |
1,000,000,000.00 |
INDUSTRIAL
DEVELOPMENT BANK OF INDIA |
HEAD OFF: IDBI
TOWER, WTC COMPLEX, WHE PARADE, B |
A01964162 |
|
36 |
80014604 |
22/09/2005 |
1,900,000,000.00 |
IDBI |
IDBI TOWER, WTC
COMPLEX, CUFFE PARADE, MUMBAI, MAHARASHTRA - 400005, INDIA |
- |
|
37 |
90039803 |
11/02/2005 |
4,000,000.00 |
PUNJAB NATIONAL
BANK |
MOOLCHAND
COMMERIAL COMPLEX, DEFENCE COLONY, NEW |
- |
|
38 |
90039110 |
28/06/2004 |
1,000,000,000.00 |
INFASTRUCTURE
DEVELOPMENT FINANCE COMPNAY LIMITED |
RAMON HOUSE,
169; BACKBAY RECLAMANATION, MUMBAI, |
- |
|
39 |
90149492 |
20/02/2004 |
3,750,000.00 |
IDBI TRUSTEESHIP
SERVICES LIMITED |
227 VINAY K SHAH
MARG NARIMAN POINT, MUMBAI, MAHARASHTRA - 400021, INDIA |
- |
|
40 |
80014941 |
20/02/2004 |
1,700,000,000.00 |
IDBI TRUSTEESHIP
SERVICES LIMITED |
10TH
FLOOR,NARIMAN BHAWAN,227, V K SHAH MARG,NARI |
- |
|
41 |
80014664 |
20/02/2004 |
16,800,000,000.00 |
IDBI TRUSTEESHIP
SERVICES LIMITED |
10TH FLOOR,
NARIMAN BHAVAN, 227, V.K.SHAH MARG,NA |
- |
|
42 |
80014668 |
20/02/2004 |
16,800,000,000.00 |
IDBI TRUSTEESHIP
SERVICES LIMITED |
10TH FLR,
NARIMAN BHAVAN, 227, V.K.SHAH MARG,NARI |
- |
|
43 |
80014670 |
20/02/2004 |
16,800,000,000.00 |
IDBI TRUSTEESHIP
SERVICES LIMITED |
10TH FLR, NARIMAN
BHVAN, 227, V.K.SHAH MARG, NARI |
- |
|
44 |
80014937 |
20/02/2004 |
16,800,000,000.00 |
IDBI TRUSTEESHIP
SERVICES LIMITED |
10TH FLOOR,
NARIMAN BHAWAN,227,V K SHAH MARG, NAR |
- |
|
45 |
90113214 |
21/02/2004 * |
16,800,000,000.00 |
IDBI TRUSTEESHIP
SERVICES LIMITED |
10TH FLOOR;
NARIMAN BHAVAN, 227; VINAY K. SHAH MARG; NARIMAN POINT, MUMBAI, MAHARASHTRA -
400021, INDIA |
- |
|
46 |
90201940 |
20/02/2004 |
16,800,000,000.00 |
IDBI TRUSTEESHIP
SERVICES LIMITED |
10TH FLOOR;
NARIMAN BHAWAN, 227; VINAY K. SHAH MARG; NARIMAN POINT, MUMBAI, MAHARASHTRA -
400021, I |
- |
|
47 |
90111631 |
28/05/2002 * |
1,250,000,000.00 |
BANK OF
MAHARASHTRA |
1501;
SHIVAJINAGAR, LOKMANGAL, PUNE, MAHARASHTRA |
- |
|
48 |
90111627 |
19/04/2002 * |
5,000,000.00 |
BANK OF
MAHARASHTRA |
1501;
SHIVAJINAGAR, LOKMANGAL, PUNE, MAHARASHTRA |
- |
|
49 |
90037153 |
11/02/2005 * |
3,000,000.00 |
PUNJAB NATIONAL
BANK |
MOOLCHAND
COMMECIAL COMPLEX, DEFENCE COLONY, NEW |
- |
|
50 |
90062395 |
03/12/2001 |
200,000,000.00 |
HDFC BANK
LIMITED |
6TH FLOOR H T
HOUSE, K G MARG, NEW DELHI, DELHI - |
- |
|
51 |
90062332 |
12/09/2001 |
270,000,000.00 |
PUNJAB NATIONAL
BANK |
LARGE CORPORATE
BRANCH, A-9; CANNAUGHT PLACE, NEW |
- |
|
52 |
90062322 |
28/08/2001 |
200,000,000.00 |
UTI BANK LIMITED |
STATESMAN HOUSE
148, BARAKHAMBA ROAD, NEW DELHI, |
- |
|
53 |
90035520 |
10/12/1999 * |
20,000,000.00 |
CITIBANK |
JEEVAN VIHAR
BUILDING, BAD FORM, NEW DELHI, DELHI |
- |
|
54 |
80020070 |
01/12/1997 |
624,800,000.00 |
BOB SBI SBICIBL SAKURA
BANK LIMITED BRITISH BANK OF MI |
INDUSTRIAL
FINANCE BRANCH, CAWASJI PATEL STREET, |
- |
|
55 |
90034382 |
16/02/2001 * |
1,000,000,000.00 |
CHASE MANATTHAN
BANK |
MARKER CHAMBER VI;
7/F, NARIMAN POINT, MUMBAI, MAHARASHTRA, INDIA |
- |
|
56 |
90034366 |
16/02/2001 * |
1,000,000,000.00 |
CHASE MANATTHAN
BANK |
MARKER CHAMBER
VI; 7/F, NARIMAN POINT, MUMBAI, MAHARASHTRA, INDIA |
- |
|
57 |
90034258 |
18/08/1999 * |
1,725,000,000.00 |
THE CHASE
MANHATTAN BANK |
MAFATLAL CENTRE,
9-FLOOR; NARIMAN POINT, MUMBAI, |
- |
* Date of charge modification
FIXED ASSETS:
Tangible
Assets
·
Freehold Land
·
Leasehold Land
·
Buildings
·
Plant and Machinery
·
Furniture and Fixtures
·
Office Equipment
·
Vehicles
Intangible
Assets
·
Entry/License Fees
·
Computer - Software
·
Bandwidth
PRESS RELEASE
IDEA CELLULAR
LAUNCHES I-PLAN, LETS YOU CUSTOMISE YOUR POSTPAID MOBILE PLANS
Idea Cellular has launched a new plan called “i-Plan”, which allows users to choose, create and customise their monthly plan from a range of data and voice plans. Idea is offering its new plan to prepaid customers.
With Idea i-Plan, users can choose from a range of rental plans, starting from Rs. 199 to Rs. 999. The plan allows users to choose from packs on data, voice and SMS. Idea is also offering the option of add-on packs which users can combine with their monthly rentals to create their best suited plan.
The i-Plan offer is available for new and existing postpaid Idea subscribers who can activate the plan by simply selecting the rental plan, followed by the free packs, and Top-up with any add-on pack if chosen. To choose the i-Plan, Idea customers can simply dial ‘121’ from their Idea connection or visit any Idea store. The Idea i-Plan is available across all circles (except Punjab) in India.
IDEA CELLULAR SLASHES
2G DATA TARIFFS BY UP TO 90%
New Delhi: In a bid to promote mobile broadband penetration, Idea Cellular today slashed 2G data tariffs by up to 90 per cent across the country and 3G tariffs by as much as 33 percent for six months starting November 15.
The reduced tariffs will be available to existing and new prepaid and postpaid users, the company said in a statement. At the new rates, 3G data tariffs are now on par with 2G across all 10 Idea 3G circles. Users can access 2G and 3G data at 2 paise per 10 KB.
"Over 33 million existing and new data users on the Idea networks can now
enjoy reduced data tariffs on their 2G and 3G prepaid and postpaid handsets and
dongles. The offer will be effective from November 15, 2013, and be available
for six months," it said.
Vodafone India had slashed data tariffs by up to 80 per cent across the country. Bharti Airtel in June had reduced rates by up to 90 per cent in Punjab and Haryana.
"Idea has reduced 2G data tariff by up to 90 per cent across all 22 circles, enabling users to avail 2G data at 2 paise per 10 KB. Idea's 3G users will now be able to save up to 30 per cent on their monthly data charges as the same tariff will also be available across all 10 Idea 3G circles," the company said.
Idea has 3G spectrum in Maharashtra and Goa, Madhya Pradesh and Chhattisgarh, Kerala, UP West and East, Andhra Pradesh, Gujarat, Haryana, Jammu and Kashmir and Himachal Pradesh.
The current tariffs for 2G are 2 paise per KB while for 3G, the rates are 3 paise per 10 KB. "The reduction in data tariff is aimed at catalysing data adoption amongst the masses and empowering them with the power of mobile Internet at an affordable cost," Idea Cellular Deputy Managing Director Ambrish Jain said.
The revised tariffs will not only drive more data usage from existing Idea users but will also attract new users to Idea's growing subscriber portfolio, the company said.
IDEA RECEIVES GRANT
FROM U.S. TRADE & DEVELOPMENT AGENCY FOR GREEN TELECOM PILOT IN INDIA
Mumbai, 3nd December 2013: Idea Cellular, India’s 3rd largest mobile operator, has been awarded a Grant of over USD 1 million from the US Trade & Development Agency (USTDA), to fund a pilot involving deployment of Solar Hybrid Methanol Based Fuel Cell (SHMBFC) at telecom sites in India.
In a first ever funding of a Green Telecom project in India by the USTDA, Idea will be supported by ICF International (Fairfax, VA), which will undertake a feasibility study and pilot project that will assess the technical, economic and financial feasibility of deploying methanol based fuel cell (SHMBFC) systems that provide continuous and uninterruptible power to off grid telecom towers at five sites belonging to Idea. The project aims to assist Idea Cellular’s effort to replace stationary diesel engines by demonstrating SHMBFC technology at five telecom tower sites using 2.5 and 5.0 kilowatt fuel cell units.
A Grant Agreement to this effect was signed between the US Ambassador to India Nancy J. Powell and Idea MD Himanshu Kapania, witnessed by Jamie Merriman, Country Manager - South Asia, USTDA; Nitin Zamre, Country Head, ICF Inc.; and Anil Tandan, CTO, Idea Cellular, at the US Consulate in Mumbai, last evening.
“India has a growing need for new sources of cleaner energy. Ultimately, this pilot project intends to demonstrate the viability of replacing diesel generators with fuel cell power systems not only at telecom towers, but also at other sites throughout the country that require reliable back-up power solutions such as hospitals, data centers and commercial areas,” said USTDA Director Leocadia I. Zak. “This grant demonstrates the active collaboration between the U.S. government and the U.S. and Indian private sectors to advance clean energy in India.”
During the signing ceremony, Ambassador Nancy Powell noted, “Projects like these directly support U.S. government policy priorities to promote domestic energy production, rural electrification, and cleaner alternatives to fossil fuels in India. And it will lessen the country’s dependence on oil and gas imports. I congratulate USTDA and ICF International, and Idea Cellular on this smart energy initiative.”
Accepting the grant, Mr. Himanshu Kapania, Managing Director, Idea Cellular said, “Idea Cellular, an Aditya Birla Group Company, has been a pioneer in Renewable Energy Technologies deployment to power telecom sites in India, for the past several years. The grant offered by the USTDA will further spur our efforts towards reducing carbon emissions from telecom infrastructure in the country.”
Idea has been at the forefront of adopting environmentally sustainable practices to reduce carbon emissions and operating costs of telecom network operations in India. After over a decade long effort in this area, Idea started its ‘Green Idea Programme’ in 2012, which is aimed at Carbon emission reduction through the use of renewable energies such as Hydrogen, Solar, and Battery-DG Hybrid systems; deployment of highly energy efficient hardware; and optimisation of Generator and Air Conditioner usage, besides others.
Over a decade ago, Idea initiated passive infrastructure sharing in the Indian Telecom industry, and spear-headed an industry venture which not only later became a viable business project, but was also enshrined in the National Telecom Policy mandate of the Government. Nearly 90% of Idea’s over 100,000 telecom sites are operating from shared locations which has helped the company reduce carbon emissions, and operating costs, substantially.
Way back in 2006, Idea, along with the GSM Association, accomplished a project utilising Bio-fuel for running diesel generators at telecom sites. Idea is the first and only mobile operator in India to use Hydrogen Fuel Cells for running Base Transceiver Stations (BTS) sites.
With a two-fold objective of reducing carbon emission and operating costs, Idea has undertaken several other initiatives such as the deployment of Outdoor BTSs which do not require air conditioning and lead to almost 35% less energy requirement. Over 44% of Idea sites are now outdoors, hence, more energy efficient. Idea uses Low Power Network Hardware, and Re-uses hardware, thus minimizing electronic waste. Over 75% of Idea’s BTSs procured in FY13 are 40% more energy efficient than the existing models.
With the support from organizations such as the USTDA, and global expertise from ICF Inc., Idea aims to undertake and execute more such energy efficient projects for CO2 emission reduction from telecom sites across India.
IDEA'S SMART AND
STYLISH, 'AURUS 4', FOR THE TECH-SAVVY YOUTH!
Mumbai, November 28th, 2013: Idea Cellular, India’s 3rd largest mobile operator, today launched the ‘Aurus 4’, dual-sim smartphone in India, further strengthening its 3G devices portfolio. The Aurus 4 is the latest addition in Idea’s popular Aurus series of 3G smartphones which are rich in features and smart on price.
Being termed as the ideal smartphone for the youth, the Idea Aurus 4 is loaded with interesting features such as a 5MP primary camera along with video calling facility, and gives users an extraordinary display experience through a 11.4 cms (4.5”) TFT display with 16 m colors. The dual-SIM smartphone powered by a 1.3 GHz dual-core processor runs on Android Jelly Bean (4.2) giving users access to loads of features such as internet surfing, video-conferencing facility, email updates, games, social networking, smart applications and various exciting widgets. Backed by a powerful 1800 mah battery, the smartphone also offers long hours of talk and idle time.
The phone is available in a smart glossy finish, styled around a sleek design. Idea Aurus 4 is affordably priced at Rs. 8,999 and in this price range provides an audio-visual and social media experience like never before.
Launching the 3G smartphone, Mr. Sashi Shankar, Chief Marketing Officer, Idea Cellular said, “The young and savvy youth of India has a huge appetite for content on mobile, but is deterred due to highly priced smartphones in India. Idea is bridging this gap by offering 3G smartphones packed with high-end features at relat4ely low price. Idea Aurus 4 is the latest addition to our growing portfolio of 3G devices which is enabling a large base of Idea users experience 3G for the first time in India.”
Aurus 4 has been launched close on the heels of Idea ULTRA, the company’s first smartphone in the 12 cms (5”) category. Idea has previously sold over 6 lakh devices from a dozen models in the 8.89 cm (3.5”), 10.16 cm (4”) and 11.43 cm (4.5”) categories, in the Indian market.
Idea plans to retail the new Aurus 4 through its own retail and service outlets across major 3G markets – Gujarat, Maharashtra & Goa, Andhra Pradesh, Madhya Pradesh & Chhattisgarh, Kerala, UP West & East, Haryana, J&K and HP.
Highlights – Q2 FY14
Idea – Standalone1 – Revenue Rs . 63,170.000 millions, EBITDA Rs . 17,430.000 millions, PAT Rs . 3,985.000 millions
Idea – Consolidated2 – Revenue Rs . 63,233.000 millions, EBITDA Rs . 19,715.000 millions, PAT Rs . 4,476.000 millions
|
|
Idea Standalone1 |
Idea Consolidated2 |
||||||
|
Q2FY14 |
Q1FY14 |
H1FY14 |
H1FY13 |
Q2FY14 |
Q1FY14 |
H1FY14 |
H1FY13 |
|
|
Revenue -
Established Service Areas 3 |
59853.000 |
61965.000 |
121818.000 |
95878.000 |
|
|
|
|
|
Revenue - New
Service Areas 4 |
3317.000 |
3390.000 |
6707.000 |
12985.000 |
|
|
|
|
|
Total Revenue |
63170.000 |
65355.000 |
128525.000 |
108862.000 |
63233.000 |
65388.000 |
128620.000 |
108177.000 |
|
EBITDA -
Established Service Areas 3 |
18689.000 |
19750.000 |
38439.000 |
28952.000 |
|
|
|
|
|
EBITDA - New
Service Areas 4 |
(1259.000) |
(1314.000) |
(2573.000) |
(3448.000) |
|
|
|
|
|
Total EBITDA |
17430.000 |
18436.000 |
35866.000 |
25504.000 |
19715.000 |
20763.000 |
40478.000 |
28581.000 |
|
EBITDA% -
Established Service Areas 3 |
31.2% |
31.9% |
63.1% |
30.2% |
|
|
|
|
|
EBITDA% - New Service
Areas 4 |
-37.9% |
-38.8% |
-76.7% |
-26.6% |
|
|
|
|
|
Total EBITDA% |
27.6% |
28.2% |
27.9% |
23.4% |
31.2% |
31.8% |
31.5% |
26.4% |
|
Depreciation &
Amortisation |
9811.000 |
10407.000 |
20218.000 |
15567.000 |
10795.000 |
11353.000 |
22148.000 |
16850.000 |
|
EBIT |
7619.000 |
8030.000 |
15649.000 |
9937.000 |
8920.000 |
9410.000 |
18330.000 |
11730.000 |
|
Interest and
Financing Cost (Net) |
1575.000 |
1832.000 |
3407.000 |
4201.000 |
1949.000 |
2211.000 |
4160.000 |
4834.000 |
|
Dividend from Indus |
-- |
838.000 |
838.000 |
1543.000 |
-- |
-- |
-- |
-- |
|
PBT |
6044.000 |
7036.000 |
13080.000 |
7280.000 |
6971.000 |
7199.000 |
14717.000 |
6896.000 |
|
PAT |
3985.000 |
4829.000 |
8813.000 |
5500.000 |
4476.000 |
4627.000 |
9103.000 |
4742.000 |
|
Cash Profit 5 |
14556.000 |
17438.000 |
31993.000 |
22816.000 |
16165.000 |
18264.000 |
34429.000 |
23379.000 |
Note: Mumbai and Bihar service areas have been included in Established Service Areas from Q1FY14, previous quarters figures have not been restated.
With increasing proportion of rural subscribers, the seasonal slowdown in the second quarter has become more pronounced resulting in sharp contraction in the ‘Voice Minutes of Use’ by 5.8% to 138.8 billion minutes compared to 147.3 billion minutes in Q1FY14.
The long term business trends remain robust and company is on course of its mission of consistent, competitive, responsible and profitable growth. This quarter Idea standalone revenue has grown by 18.1% on YoY basis to Rs. 63,170.000 million against Rs. 53,481.000 million revenue in Q2FY13. The company further strengthened its ‘Revenue Market Share’ to 16.2% and ‘VLR subscriber Market Share’ to 16.7% in Q1FY14, an improvement of over 1% in one year. Idea continues to invest in long term value creators – launched 4,312 new sites (2G+3G) to reach network site EoP of 114,001 sites (2G+3G) and expanded optical fibre network to 77,000 km. Inspite of higher network rollout, Idea is pleased to record sharp YoY standalone EBITDA growth of 38.2%.
The ‘Voice Minutes’ expansion by 10.5% on YoY basis from 125.6 billion minutes in Q2FY13 was ably supported by annual active Idea customer addition of 13.1 million, recording industry highest incremental VLR subscriber share@ 39.5% (July’12 to July’13).
With company clamping down on promotional minutes for ‘New and Existing Customers’, the ‘Average Realised Rate per Minute’ improved over the year by 3.4 paisa/minute (8.3%) to 44.7 paisa/minute. The ‘Value Added Services’ (VAS) contribution also increased to 16.1% (15.6% in Q2FY13) further improving overall ARPM.
The VAS services growth is primarily led by higher ‘Mobile Data’ adoption. The Data revenue as a % of ‘Service Revenue’ improved by 3.3% on YoY basis to 8.7%. With 14.7 million additional Idea subscribers initiating mobile data usage, EoP of data subscribers increased to 33.6.000 million (2G+3G). The blended per user data usage grew to 178 Megabytes, thereby data volume exploded @99.6% to 17.5 billion Megabytes in Q2FY14 over last year. However, the realised rate (ARMB) is under competitive pressure falling by 1.0 paisa per MB (3.2%) on YoY basis to 31.0 paisa per MB.
In comparison, the ‘Non Data VAS’ revenue as a % of ‘Service Revenue’ has fallen to 7.4%, drop of 2.8% contribution over the year. The ‘Non Data VAS’ services are under pressure due to TRAI new regulation of double confirmation and threat emerging from free messenger & chat ‘OTT’ applications/services.
The company remains focused on efficient cost management with overall ‘Subscriber Acquisition and Marketing Costs’ reduction by 1.6% on YoY basis, primarily due to lower blended subscribers churn at 5.3% in Q2FY14 vs 10.1% in Q2FY13.
The revenue growth and scale benefit translated into healthy standalone EBITDA margin of 27.6%, YoY improvement by 4.0%. This helped company generate Cash Profit of Rs. 14,556.000 million, a growth of 18.2% over Q2FY13, further strengthening Idea’s Balance Sheet.
The ‘Net Interest and Finance Cost’ was lower by Rs. 257.000 million at Rs. 1,575.000 million. Company’s Net Debt further fell from Rs. 102,199.000 million in Q1FY14 to Rs. 92,864.000 million in Q2FY14, helping ‘Net Debt to Annualised EBITDA’ ratio reach enviable 1.33.
The double bottom line drivers Voice and Data Business, helped Idea reach a standalone PAT to Rs. 3,985.000 million, 13.2% growth on Q2FY13 PAT of Rs. 3,519.000 million (despite including Rs. 1,543.000 million dividend from Indus). At consolidated level Idea revenue including 16% Indus contribution has grown by 19.0% on YoY basis and consolidated EBITDA by 38.6% to Rs. 19,715.000 million in Q2FY14. The consolidated EBITDA margin of 31.2% is a YoY improvement of 4.4%. The consolidated PAT of Rs. 4,476.000 million grew by 86.5% compared to Q2FY13 PAT of Rs. 2,400.000 million.
As competitive intensity declines and overcapacity phase comes to an inevitable end, visibility of spectrum quantum and pricing improves, Idea expects to further consolidate its position in the telecom voice and data market.
Notes:
1. Idea Standalone represents Idea, and its 100% subsidiaries. Effectively, this encompasses all operations, excluding the Joint Venture i.e. Indus.
2. Idea Consolidated represents Idea Standalone and proportionate consolidation of Indus (@16%).
3. Established Service Areas represent 15 service areas namely Maharashtra and Goa, Gujarat, Andhra Pradesh, Madhya Pradesh and Chhattisgarh, Delhi, Kerala, Haryana, Uttar Pradesh West and Uttaranchal, Uttar Pradesh East, Rajasthan, Himachal Pradesh, Punjab, Karnataka as well as Mumbai and Bihar service areas from Q1FY14 onwards. For FY13 Established Service Areas were 13, not including Mumbai and Bihar
4. New Service Areas represent 7 service areas of Orissa, Tamil Nadu, J and K, Kolkata, West Bengal, Assam and North East from Q1FY14 onwards. For FY13 New Service Areas were 9, including Mumbai and Bihar.
5. Cash Profit is calculated as summation of PAT, Depreciation and Amortisation, charge on account of ESOPs and Deferred tax, for the relevant period.
6. Figures for past periods have been regrouped, wherever necessary.
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 records 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. 61.93 |
|
|
1 |
Rs. 102.39 |
|
Euro |
1 |
Rs. 85.12 |
INFORMATION DETAILS
|
Report Prepared
by : |
DPH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
8 |
|
PAID-UP CAPITAL |
1~10 |
8 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILIRY |
1~10 |
7 |
|
--LIQUIDITY |
1~10 |
8 |
|
--LEVERAGE |
1~10 |
8 |
|
--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 |
|
69 |
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.