Summary Information
|
|
|
Country |
|
|
Company Name |
RELIANCE POWER LIMITED |
Principal Name 1 |
Mr. Anil Dhirubhai Ambani |
|
Status |
Good |
Principal Name 2 |
Mr. J. L. Bajaj |
|
|
|
Registration # |
11-084687 |
|
Street Address |
H Block, 1st Floor, |
||
|
Established Date |
17.01.1995 |
SIC Code |
-- |
|
Telephone# |
91-22-30386010 |
Business Style 1 |
Business of generation power. |
|
Fax # |
91-22-30376633 |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
-- |
|
|
# of employees |
Not Available |
Product Name 2 |
-- |
|
Paid up capital |
Rs. 27966,300,000/- |
Product Name 3 |
-- |
|
Shareholders |
Total shareholding of promoter and promoter group 75%, total public
shareholding 25% |
Banking |
IDBI Bank Limited |
|
Public Limited Corp. |
Yes |
Business Period |
19 years |
|
IPO |
Yes |
International Ins. |
- |
|
Public |
Yes |
Rating |
Ba (54) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Subsidiary |
-- |
Sasan Power Limited |
-- |
|
Note |
-- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2014 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
37871,400,000 |
Current Liabilities |
314,100,000 |
|
Inventories |
0,000 |
Long-term Liabilities |
24967,500,000 |
|
Fixed Assets |
4084,100,000 |
Other Liabilities |
13808,400,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
39,090,000,000 |
|
Invest& other Assets |
165404,200,000 |
Retained Earnings |
140,303,400,000 |
|
|
|
Net Worth |
168,269,700,000 |
|
Total Assets |
207,359,700,000 |
Total Liab. & Equity |
207,359,700,000 |
|
Total Assets (Previous Year) |
187,476,000,000 |
|
|
|
P/L Statement as of |
31.03.2014 |
(Unit: Indian Rs.) |
|
|
Total Income |
860,800,000 |
Net Profit |
564,800,000 |
|
Total Income (Previous yr) |
2,508,500,000 |
Net Profit(Prev.yr) |
5,139,300,000 |
MIRA INFORM
REPORT
|
Report Date : |
24.07.2014 |
IDENTIFICATION DETAILS
|
Name : |
RELIANCE POWER LIMITED |
|
|
|
|
Registered
Office : |
H Block, 1st Floor, Dhirubhai Ambani Knowledge City, Navi
Mumbai – 400710, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
17.01.1995 |
|
|
|
|
Com. Reg. No.: |
11-084687 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 27966.300 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
L40101MH1995PLC084687 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMR07195G |
|
|
|
|
Legal Form : |
A Public Limited Liability Company. The Company’s Shares are Listed on
the Stock Exchanges. |
|
|
|
|
Line of Business
: |
Generation of Power on
Commencement of Project. |
|
|
|
|
No. of Employees
: |
Information declined by Management. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (54) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 673100000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a part of Reliance Anil Dhirubhai Ambani group a well-known
industrial house in the country. It is an established company having fine track record. Fundamentals of the company is decent. Financial position of the
company is strong and healthy. Trade relation reported to be fair. Business is active. Payment terms
are reported to be regular and as per commitment. The company can be considered normal for business dealing at usual
trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
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
NEWS
The economy grew 4.7 %in 2013/14, marking a
second straight year of sub-5 % growth – the worst slowdown in more than a
quarter of a century. The data was below an official estimate of 4.9 % annual
growth and compared with 4.5 % in the last fiscal year. However, the current
account deficit narrowed sharply to $ 32.4 billion at 1.7 % of gross domestic
product, in 2013/14 from a record high of $ 98.8 billion or 4.7 %, the year
before.A sharp fall in gold imports due to restrictions on overseas purchases
and muted import of capital goods helped shrink the current account deficit.
Online retailer Flipkart has acquired fashion
portal Myntra as it prepares to battle with the rapidly expanding India arm of
the global e-commerce giant Amazon. The company raised $ 210 million from
Russian Investment firm DST Global which has also invested in companies like
Facebook, Twitter and Alibaba Group.
General Motors will start exporting vehicles from
its Talegaon plant near Pune in the second half of 2014. GM was one of the few
global carmakers that was using its India plant only for the domestic market.
Google has overtaken Apple as the world’s top
brand in terms of value, according to global market research agency Millward
Brown. Google’s brand value shot up 40 % in a year to $ 158.84 billion. The top
10 of the 100 slots were dominated by US companies.
Infosys lost another heavy weight when B G
Srinivas, a board member put in his papers. He is the third CEO-hopeful to quit
after Chairman N R Narayana Murthy’s return to the company – Ashok Vemuri and V
Balakrishnan being the other two.While Vemuri went on to lead IGate,
Balakrishnan joined politics.
Naresh Goyal – promoted Jet Airways posted
biggest quarterly loss – Rs 2153.37 crore – in the three months ended March 31,
mainly because it has been offering discounts to passengers to fill planes.
William S Pinckney – Chairman and CEO of
Amway India was arrested by the Andhra Pradesh Police in connection with a
complaint against the direct selling firm. This is the second time that he has
been taken into custody. A year, ago the Kerala Police had arrested Pinckney
and two company directors on charges of financial irregularities.
China has told its state-owned enterprises to
sever links with American consulting firms after the United States charged five
Chinese military officers wih hacking US companies. China’s action which
targets consultancies like McKinsey & Co. and the Boston Consulting Group,
sterns from fears that the first are providing trade secrets to the US
governments.
India has emerged as a country with some of
the highest unregistered businesses in the world. Indonesia has the maximum
number of shadow businesses, says a study of 68 countries by Imperial College
Business School in London.
Pfizer has abandoned its attempt to buy
AstraZeneca for nearly $ 118 billion after the latter refused an offer of 55
pounds a share.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
Non fund based limits = A- |
|
Rating Explanation |
Adequate degree of safety and low credit
risk. |
|
Date |
February 2014 |
|
Rating Agency Name |
ICRA |
|
Rating |
Short term debt programme = A1 |
|
Rating Explanation |
Very strong degree of safety and lowest
credit risk |
|
Date |
February 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
31-03-2014.
LOCATIONS
|
Registered Office : |
H Block, 1st Floor, Dhirubhai Ambani Knowledge City, Navi Mumbai –
400710, Maharashtra, India |
|
Tel. No.: |
91-22-30386010/30373333 |
|
Fax No.: |
91-22-30376633/30385169 |
|
E-Mail : |
reliancepower.ipo@relianceada.com |
|
Website : |
|
|
|
|
|
Corporate Office : |
Maker Chamber IV, 3rd Floor, 222 Nariman Point, Mumbai – 400021,
Maharashtra, India |
|
Tel. No.: |
91-22-22842384/22842929 |
|
Fax No.: |
91-22-22826076 |
|
|
|
|
Investor Service Centre : |
G Block, Ground Floor, Dhirubgai Ambani Kowledge City, Navi Mumbai 400
710, Maharashtra, India |
|
Tel. No.: |
91-22-30385565 |
|
Fax No.: |
91-22-30385169 |
DIRECTORS
AS ON 31.03.2013
|
Name : |
Mr. Anil Dhirubhai Ambani |
|
Designation : |
Chairman |
|
|
|
|
Name : |
Mr. J. L. Bajaj |
|
Designation : |
Director |
|
|
|
|
Name : |
Dr. Yogendra Narain |
|
Designation : |
Director |
|
|
|
|
Name : |
Dr. V. K. Chaturvedi |
|
Designation : |
Director |
KEY EXECUTIVES
|
Name : |
Mr. Ramaswami Kalidas |
|
Designation : |
Company Secretary and Manager |
|
Name : |
Mr. J. P. Chalasani |
|
Designation : |
Chief Executive Officer |
SHAREHOLDING PATTERN
AS ON 31.03.2014
|
Category of Shareholder |
Total No. of Shares |
Total
Shareholding as a % of Total No. of Shares |
|
(A) Shareholding
of Promoter and Promoter Group |
|
|
|
|
|
|
|
|
2212425 |
0.08 |
|
|
2101182579 |
74.92 |
|
|
2103395004 |
75.00 |
|
|
|
|
|
Total shareholding
of Promoter and Promoter Group (A) |
2103395004 |
75.00 |
|
|
|
|
|
(B) Public
Shareholding |
|
|
|
|
|
|
|
|
14099020 |
0.50 |
|
|
15808787 |
0.56 |
|
|
385600 |
0.01 |
|
|
117706455 |
4.20 |
|
|
180700800 |
6.44 |
|
|
328700662 |
11.72 |
|
|
|
|
|
|
47994639 |
1.71 |
|
|
|
|
|
|
291874095 |
10.41 |
|
|
24944128 |
0.89 |
|
|
7632713 |
0.27 |
|
|
7632713 |
0.27 |
|
|
372445575 |
13.28 |
|
Total Public
shareholding (B) |
701146237 |
25.00 |
|
|
|
|
|
Total (A)+(B) |
2804541241 |
100.00 |
|
|
|
|
|
(C) Shares held
by Custodians and against which Depository Receipts have been issued |
|
|
|
|
0 |
0.00 |
|
|
585225 |
0.00 |
|
|
585225 |
0.00 |
|
|
|
|
|
Total
(A)+(B)+(C) |
2805126466 |
100.00 |
(1) Indian
Individuals / Hindu Undivided Family
Individual shareholders holding nominal
share capital up to Rs. 0.100 Million
BUSINESS DETAILS
|
Line of Business : |
Generation of Power on
Commencement of Project. |
GENERAL INFORMATION
|
No. of Employees : |
Information declined by Management
|
|
|
|
|
Bankers : |
|
|
|
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name 1: |
Chaturvedi and Shah Chartered Accountants |
|
|
|
|
Name 2: |
Price Waterhouse Chartered Accountants |
|
|
|
|
Subsidiaries (Direct and step-down subsidiaries) : |
· Sasan Power Limited (SPL) · Rosa Power Supply Company Limited (RPSCL) · Maharashtra Energy Generation Limited (MEGL) · Vidarbha Industries Power Limited (VIPL) · Tato Hydro Power Private Limited (THPPL) · Siyom Hydro Power Private Limited (SHPPL) · Chitrangi Power Private Limited (CPPL) · Urthing Sobla Hydro Power Private Limited (USHPPL) · Kalai Power Private Limited (KPPL) · Coastal Andhra Power Limited (CAPL) · Reliance Coal Resources Private Limited (RCRPL) · Erstwhile Sasan Power Infrastructure Limited (Erstwhile SPIL) · Erstwhile Maharashtra Energy Generation Infrastructure Limited (Erstwhile MEGIL) (Refer Note 15 (C) (iii) (c)) · Amulin Hydro Power Private Limited (AHPPL) · Emini Hydro Power Private Limited (EHPPL) · Mihundon Hydro Power Private Limited (MHPPL) · Jharkhand Integrated Power Limited (JIPL) · Reliance CleanGen Limited (RCGL) · Rajasthan Sun Technique Energy Private Limited (RSTEPL) · Erstwhile Reliance Clean Energy Private Limited (Erstwhile RCEPL) (Refer note 9) · Dahanu Solar Power Private Limited (DSPPL) · Solar Generation Company (Rajasthan) Private Limited (SGCPL) (upto 03.03.2012) · Bharuch Power Limited (BPL) · Samalkot Power Limited (SMPL) · Reliance Prima Limited (RPrima) · Atos Trading Private Limited (ATPL) · Atos Mercantile Private Limited (AMPL) · Coastal Andhra Power Infrastructure Limited (CAPIL) · Reliance Power Netherlands BV (RPN) · PT Heramba Coal Resources (PTH) · PT Avaneesh Coal Resources (PTA) · Reliance Natural Resources Limited (RNRL) · Erstwhile Reliance Fuel Resources Limited ( Erstwhile RFRL) (Refer Note 15 (C) (iii) (c)) · Reliance Natural Resources (Singapore) Pte Limited (RNRL- Singapore) · Reliance Renewable Power Private Limited (RRPPL) (upto 03.03.2012) · Reliance Biomass Power Private Limited (RBPPL) (upto 03.03.2012) · Reliance Solar Resources Power Private Limited (RSRPPL) · Reliance Clean Power Private Limited (RCPPL) · Reliance Tidal Power Private Limited (RTPPL) (upto 03.03.2012) · Reliance Geothermal Power Private Limited (RGTPPL) (upto 03.03.2012) · Reliance Wind Power Private Limited (RWPPL) · Reliance Green Power Private Limited (RGPPL) (upto 03.03.2012 and w.e.f. 11.08.2012) · PT Sumukha Coal Services (PTS) · PT Brayan Bintang Tiga Energi (BBE) · PT Sriwijiya Bintang Tiga Energi (SBE) · Shangling Hydro Power Private Limited (SPPL) · Sumte Kothang Hydro Power Private Limited (SKPL) · Teling Hydro Power Private Limited (TPPL) · Lara Sumta Hydro Power Private Limited (LHPPL) · Purthi Hydro Power Private Limited (PHPPL) |
|
|
|
|
Major investing parties/promoters having significant influence on the Company
directly or indirectly : |
|
|
|
|
|
Others : |
·
BSES Kerala Power Limited (BKPL), subsidiary of R
Infra ·
Reliance Infocomm Infrastructure Private Limited
(RIIPL) ·
Reliance General Insurance Company Limited
(RGICL) ·
Reliance Communication Infrastructure Limited
(RCIL) ·
Reliance Capital Limited (RCL) ·
Reliance Communication Limited (RCom) |
CAPITAL STRUCTURE
As on 31.03.2014
Authorised Capital : Not Available
Issued, Subscribed & Paid-up Capital : Rs. 27966.300
Millions
As on: 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
11000000000 |
Equity Shares |
Rs. 10/- each |
Rs. 110000.000 Millions |
|
5000000000 |
Preference Shares |
Rs. 10/- each |
Rs. 50000.000 Millions |
|
|
TOTAL |
|
Rs. 160000.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2805126466 |
Equity Shares |
Rs. 10/- each |
Rs. 28051.300 Millions |
Terms/ rights attached to equity shares
The Company has
only one class of equity shares having par value of Rs.10 per share. Each holder
of the equity share is entitled to one vote per share. In the event of
liquidation of the Company, the holders of equity shares will be entitled to
receive the remaining assets of the Company, after distribution of all
preferential amounts
Details of shares held by shareholders holding more than 5% of the
aggregate shares in the Company
|
Particulars |
No. of Shares |
Percentage of share holding |
|
Reliance Infrastructure Limited |
1024448193 |
36.52 |
|
AAA International Capital Private Limited |
267776331 |
9.55 |
|
Reliance Enterprises and Ventures Private Limited |
267776331 |
9.55 |
|
AAA Project Ventures Private Limited |
537387901 |
19.16 |
|
Total |
2097388756 |
74.78 |
Aggregate number of bonus shares issued and shares issued for
consideration other than cash during the five years immediately preceding the
reporting date
·
During the year ended March 31, 2009, the Company had
issued 136,800,000 equity shares of Rs.10 each as fully paid bonus shares by
capitalization of Rs. 1368.000 Millions from securities premium account.
·
During the year ended March 31, 2011, the Company
had issued 408,282,606 equity shares of Rs.10 each fully paid to the
shareholders of Reliance Natural Resources Limited as consideration for
transfer of business undertaking from Reliance Natural Resources Limited under
the composite scheme of arrangement sanctioned by High Court of Bombay on
October 15, 2010.
FINANCIAL DATA
[All figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2014 |
31.03.2013 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
27966.300 |
28051.300 |
|
(b) Reserves & Surplus |
|
140303.400 |
140200.600 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
168269.700 |
168251.900 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
2113.500 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long term liabilities |
|
147.700 |
0.000 |
|
(d) long-term provisions |
|
28.600 |
30.400 |
|
Total Non-current Liabilities (3) |
|
2289.800 |
30.400 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term
borrowings |
|
22854.000 |
18777.800 |
|
(b) Trade payables |
|
166.400 |
86.100 |
|
(c) Other current
liabilities |
|
13772.900 |
322.800 |
|
(d) Short-term provisions |
|
6.900 |
7.000 |
|
Total Current Liabilities (4) |
|
36800.200 |
19193.700 |
|
|
|
|
|
|
TOTAL |
|
207359.700 |
187476.000 |
|
|
|
|
|
|
II. ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
4084.100 |
823.400 |
|
(ii) Intangible Assets |
|
0.000 |
17.400 |
|
(iii) Capital
work-in-progress |
|
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
|
0.000 |
4.100 |
|
(b) Non-current Investments |
|
165088.100 |
146571.800 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
13252.700 |
16499.900 |
|
(e) Other Non-current assets |
|
1449.500 |
1495.700 |
|
Total Non-Current Assets |
|
183874.400 |
165412.300 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
316.100 |
50.000 |
|
(b) Inventories |
|
0.000 |
0.000 |
|
(c) Trade receivables |
|
47.300 |
19.200 |
|
(d) Cash and cash
equivalents |
|
5491.300 |
5568.200 |
|
(e) Short-term loans
and advances |
|
15956.000 |
15489.300 |
|
(f) Other current
assets |
|
1674.600 |
937.000 |
|
Total Current Assets |
|
23485.300 |
22063.700 |
|
|
|
|
|
|
TOTAL |
|
207359.700 |
187476.000 |
|
SOURCES OF FUNDS |
|
|
31.03.2012 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
28051.300 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
132962.000 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
161013.300 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
0.000 |
|
|
2] Unsecured Loans |
|
|
0.000 |
|
|
TOTAL BORROWING |
|
|
0.000 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
161013.300 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
912.000 |
|
|
Capital work-in-progress |
|
|
90.100 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
96191.200 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
0.000 |
|
|
Sundry Debtors |
|
|
191.500 |
|
|
Cash & Bank Balances |
|
|
2059.500 |
|
|
Other Current Assets |
|
|
3629.600 |
|
|
Loans & Advances |
|
|
60011.800 |
|
Total
Current Assets |
|
|
65892.400 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
275.700 |
|
|
Other Current Liabilities |
|
|
1774.800 |
|
|
Provisions |
|
|
21.900 |
|
Total
Current Liabilities |
|
|
2072.400 |
|
|
Net Current Assets |
|
|
63820.000 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
161013.300 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Operating Income
|
860.800 |
120.100 |
661.200 |
|
|
|
Other Income |
2320.600 |
2388.400 |
4657.300 |
|
|
|
TOTAL (A) |
3181.400 |
2508.500 |
5318.500 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Employee Cost |
412.500 |
476.300 |
386.500 |
|
|
|
Administrative Expenses |
0.000 |
718.900 |
736.300 |
|
|
|
Purchase of coal rejects |
0.000 |
0.000 |
68.900 |
|
|
|
Fuel handling and service charges |
0.000 |
0.000 |
384.700 |
|
|
|
Exceptional Items |
0.000 |
(4072.500) |
0.000 |
|
|
|
Postage expenses |
26.200 |
0.000 |
0.000 |
|
|
|
Cost of traded goods |
532.100 |
0.000 |
0.000 |
|
|
|
Other Expenses |
147.900 |
0.000 |
0.000 |
|
|
|
Legal and Professional Expenses |
106.100 |
0.000 |
0.000 |
|
|
|
Printing and Stationery |
36.100 |
0.000 |
0.000 |
|
|
|
TOTAL (B) |
1260.900 |
(2877.300) |
1576.400 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
1920.500 |
5385.800 |
3742.100 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
1149.000 |
220.600 |
603.400 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
771.500 |
5165.200 |
3138.700 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
160.100 |
31.400 |
29.300 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
611.400 |
5133.800 |
3109.400 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
46.600 |
(5.500) |
0.800 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
564.800 |
5139.300 |
3108.600 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
17161.616 |
12022.316 |
8913.716 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
16596.816 |
17161.616 |
12022.316 |
|
|
|
|
|
|
|
|
|
|
FOREIGN EXCHANG
EARNING |
NA |
142.000 |
67.900 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
0.20 |
1.83 |
1.11 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
PAT / Total Income |
(%) |
71.03 |
204.88 |
58.44
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
17.75 |
4274.60 |
470.26
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.45 |
12.55 |
4.65
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.00 |
0.03 |
0.02
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.15 |
0.11 |
0.01
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.64 |
1.15 |
31.79
|
FINANCIAL ANALYSIS
[All figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
|
31.03.2013 |
31.03.2014 |
|
|
|
(INR
in Mlns.) |
(INR
in Mlns.) |
|
Share Capital |
|
28,051.300 |
27,966.300 |
|
Reserves & Surplus |
|
140,200.600 |
140,303.400 |
|
Share Application money
pending allotment |
|
0.000 |
0.000 |
|
Net
worth |
|
168,251.900 |
168,269.700 |
|
|
|
|
|
|
long-term borrowings |
|
0.000 |
2,113.500 |
|
Short term borrowings |
|
18,777.800 |
22,854.000 |
|
Total
borrowings |
|
18,777.800 |
24,967.500 |
|
Debt/Equity
ratio |
|
0.112 |
0.148 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Operating Income |
661.200 |
120.100 |
860.800 |
|
|
|
(81.836) |
616.736 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Operating Income |
661.200 |
120.100 |
860.800 |
|
Profit/(Loss) After Tax |
3,108.600 |
5,139.300 |
564.800 |
|
|
470.15% |
4279.18% |
65.61% |
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 |
No |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact person |
No |
|
11] |
Turnover of firm for last three years |
Yes |
|
12] |
Profitability for last three years |
Yes |
|
13] |
Reasons for variation <> 20% |
--------- |
|
14] |
Estimation for coming financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details (if applicable) |
No |
|
21] |
Market information |
--------- |
|
22] |
Litigations that the firm / promoter involved in |
--------- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
No |
|
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 |
No |
|
31] |
Date of Birth of Proprietor/Partner/Director, if available |
No |
|
32] |
PAN of Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
Yes |
UNSECURED LOAN
|
Particulars |
As on 31.03.2014 Rs. in Millions |
As on 31.03.2013 Rs. in Millions |
|
Short term
borrowing |
|
|
|
Loan and advance from related party |
|
|
|
-Inter corporate deposits from subsidiaries (interest free and
repayable on demand. |
NA |
4657.800 |
|
--Advance against proposed issue of non – convertible debentures
(carries interist rate of 10 % per annum and repayable within one year from
the date of allotment. |
NA |
12000.000 |
|
commercial paper (issued at a discount of 10.5% and is to be settled after 180 days) |
NA |
2120.000 |
|
Total |
NA |
18777.800 |
VIEW INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10486481 |
26/03/2014 |
600,000,000.00 |
IDBI Bank
Limited |
IDBI Bank
Limited, IDBI Tower World Trade Centre |
C01023209 |
|
2 |
10438810 |
16/07/2013 |
1,500,000,000.00 |
AXIS BANK LTD |
Corporate Banking
Branch, Wadia Intl Centre, P.B. Marg, Worli, Mumbai, Maharashtra - 400025,
India |
B80382955 |
FIXED ASSETS
·
Freehold Land
·
Plant and Machinery
·
Building
·
Furniture and Fixtures
·
Office Equipment
·
Computers
·
Motor Vehicles
STANDALONE FINANCIAL RESULTS FOR THE
QUARTER ENDED ON 30 JUNE 2014
PART I
(Rs. In millions)
|
Particulars |
Quarter ended |
|
|
|
30.06.2014 |
31.03.2014 |
|
|
(Unaudited) |
Audited |
|
1 Income from operations |
|
|
|
a) Net sales / income from operations (net of excise duty) |
385.700 |
656.900 |
|
b) Other operating income |
13.300 |
(36.700) |
|
Total income from operations (net) [1(a) + 1(b)] |
399.000 |
620.200 |
|
2 Expenses |
|
|
|
Employee Cost |
61.500 |
104.800 |
|
Postage expenses |
0.500 |
2.100 |
|
Cost of traded goods |
244.100 |
328.300 |
|
Other Expenses |
29.700 |
49.100 |
|
Legal and Professional Expenses |
60.300 |
26.900 |
|
Depreciation and amortisation expense |
52.800 |
135.100 |
|
Printing and Stationery |
23.900 |
1.100 |
|
Total expenses [(2(a) to 2(h)] |
472.800 |
647.400 |
|
3. Profit / (Loss) from operations before other income, finance costs, exceptional items and tax [1-2] |
(73.800) |
(27.200) |
|
4 Other income |
608.100 |
398.400 |
|
5 Profit / (Loss)
from operations before finance costs, exceptional items and tax [3 + 4] |
534.300 |
371.200 |
|
6 Finance costs |
461.900 |
845.500 |
|
7 Profit / (Loss) before exceptional items
and tax [5 - 6] |
72.400 |
(474.300) |
|
8 Exceptional items : |
-- |
-- |
|
9 Profit / (Loss) before tax [7 + 8 ] |
72.400 |
(474.300) |
|
10 Tax expense |
-- |
(128.700) |
|
11 Net Profit / (Loss) for the period [9 - 10] |
72.400 |
(345.600) |
|
12 Paid-up equity share capital [Face value Rs.10 per share] |
27966.300 |
27966.300 |
|
13 Reserves excluding revaluation reserves |
|
|
|
14 Basic earnings per share (not annualised) - in Rupees (after exceptional items) |
0.03 |
(0.12) |
|
15 Diluted earnings per share (not annualised) - in Rupees (after exceptional items) |
0.03 |
(0.12) |
PART II
SELECT INFORMATION FOR THE QUARTER ENDED ON 30 JUNE 2014
|
Particulars |
Quarter ended |
|
|
|
30.06.2014 |
31.03.2014 |
|
|
(Unaudited) |
Audited |
|
A Particulars of Shareholding |
|
|
|
1 Aggregate of public shareholding |
|
|
|
Number of shares |
701731462 |
701731617 |
|
% of shareholding |
25.02 |
25.02 |
|
2 Promoters and promoter group shareholding |
|
|
|
a) Pledged / encumbered |
|
|
|
- Number of shares |
187500000 |
187500000 |
|
- % of shares to total
shareholding of promoter & promoter group |
8.91 |
8.91 |
|
- % of shares to total share
capital of the company |
6.68 |
6.68 |
|
b) Non-encumbered |
|
|
|
- Number of shares |
1915895004 |
1915894849 |
|
- % of shares to total
shareholding of promoter & promoter group |
91.09 |
91.09 |
|
- % of shares to total
share capital of the company |
68.30 |
68.30 |
|
B Investor complaints (Nos.) |
30.06.2014 |
|
Pending at the beginning of the Quarter |
Nil |
|
Received during the quarter |
44 |
|
Disposed of during the quarter |
44 |
|
Remaining unresolved at the end of the quarter |
Nil |
STANDALONE SEGMENT REVENUE, RESULTS AND CAPITAL EMPLOYED
(Rs. In millions)
|
Particulars |
Quarter ended |
|
|
|
30.06.2014 |
31.03.2014 |
|
|
(Unaudited) |
Unaudited |
|
Revenue by Business
Segment: |
|
|
|
Power generation |
141.600 |
328.600 |
|
Others |
257.400 |
291.600 |
|
Total |
399.000 |
620.200 |
|
|
|
|
|
Segment results
before finance costs, exceptional items and tax: |
|
|
|
Power generation |
92.000 |
162.200 |
|
Others |
13.300 |
(36.700) |
|
Total Segment results
before finance costs, exceptional items and tax |
105.300 |
125.500 |
|
Less: Finance costs |
(461.900) |
(845.500) |
|
Add : Other Unallocable Income net off Unallocable Expenditures |
429.000 |
245.700 |
|
Profit / (Loss)
before tax |
72.400 |
(474.300) |
|
|
|
|
|
Segment Capital
Employed: |
|
|
|
Power generation |
2066.000 |
2012.900 |
|
Others |
(172.500) |
(570.100) |
|
Unallocated |
166280.600 |
166826.900 |
|
Total |
168174.100 |
168269.700 |
Notes:
1.
The aforesaid consolidated financial results for
Reliance Power Limited and its subsidiaries
(‘Group’) were reviewed by the
Audit Committee of the Board and subsequently approved by the Board of Directors of the Company at its meeting held on 18.06.2014
2.
The Group operates in two business segments i.e.
Power Generation and Associated Business Activities (termed as “Others”).
Associated Busines Activities include project management, supervision and
support services for generation and allied processes. Business segment has been
identified as separable primary segment in accordance with Accounting Standard
17 ‘Segment Reporting’ as prescribed under Companies (Accounting Standards)
Rules, 2006, taking into account the organisational and internal reporting structure
as well as evaluation of risk and return for these segments
3.
The figures for the previous periods/ year end are
reclassified/ regrouped, wherever necessary The figures for the quarter ended
30.06.2014 are the balancing figures between the audited figures in respect of
the full financial.
4.
Pursuant to exercise of the option as per the
notification dated 29.12.2011 issued by the Ministry of Corporation Affaires,
the company has with effect from 01.04.2011, amortised the exchange deference
arising on reporting of long term foreign currency monetary items at rates
different from those at which these are reported in previous year the balance
period of such long term foreign currency items. Accordingly the company has
accumulated an amount of Rs. 2772.700 Millions being exchange gain on long term
foreign currency monetary items. As at 30.06.2014.
5.
Pursuant to companies Act, 2013, being effective
from 01.04.2014, the company has provided depreciation as per the provision of
Schedule II of the act, as a result the charger for depreication is higher by
Rs. 5.300 Millions for the quarter ended 30.06.2014.
6.
The figures for the previous periods/ year end are
reclassified/ 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 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 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.60.18 |
|
|
1 |
Rs.102.68 |
|
Euro |
1 |
Rs.81.03 |
INFORMATION DETAILS
|
Information
Gathered by : |
PLK |
|
|
|
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
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 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
YES |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
54 |
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.