MIRA
INFORM REPORT
|
Report Date : |
01.10.2014 |
IDENTIFICATION DETAILS
|
Name : |
NTPC LIMITED |
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Formerly Known
As : |
NATIONAL
THERMAL POWER CORPORATION LIMITED |
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Registered
Office : |
NTPC
Bhawan, Scope Complex, 7, Institutional Area, |
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Country : |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
07.11.1975 |
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Com. Reg. No.: |
55-007966 |
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Capital
Investment / Paid-up Capital : |
Rs. 82454.600 Millions |
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CIN No.: [Company Identification
No.] |
L40101DL1975GOI007966 |
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TAN No.: [Tax Deduction and
Collection Account No.] |
DELN11894B/ DELN05281D |
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PAN No.: [Permanent Account No.] |
AAACN0255D |
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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
: |
Subject is engaged in the business of Generation and Sale of Bulk Power and also Providing Consultancy, Project Management and Supervision, Oil and Gas Exploration and Coal Mining. |
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No. of Employees
: |
Not Divulged |
RATING and COMMENTS
|
MIRA’s Rating : |
Aa (75) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
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Maximum Credit Limit : |
USD 3265000000 |
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Status : |
Excellent |
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Payment Behaviour : |
Regular |
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Litigation : |
Exist |
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Comments : |
Subject is an old and well-established company having fine track
record. The rating reflects NTPC’s dominant position in India’s regulated
power generation sector supported by strong business and financial risk
profiles and adequate liquidity position of the company. Trade relations are reported as fair. Business is active. Payments are
reported to be regular and as per commitments. The company can be considered good for normal business dealings at
usual trade terms and conditions. |
NOTES:
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
N E W S
Verdict Implications
: Apex court order may alter coal import dynamics. Traders go slow on talks
over coal supply contracts, uncertainty over cancellation of blocks weigh on
stocks.
Recent arrest of the
Chennai head of the Registrar of Companies, the ministry of corporate affairs
arm that ensures that companies file all the information required by the
Companies Act is the latest manifestation of a messy fight between a father and
his adopted son for the control of Rs 40000 mn business empire. The Central
Bureau of Investigation arrested Manumeethi Cholan after he accepted Rs 10
lakhs as bribe from M A M Ramaswamy, a CBI official said.
Central Bureau of Investigation
books Electrotherm for cheating Central Bank of Rs 4360 mn.
Infosys maintains
revenue guidance. COO Rao says attrition still an area of concern and it would
take a few more quarters to bring down levels to 13-15 %.
DHL to invest
Euro 100 mn in India over next 2 years. The firm has chosen India to pilot its
e-commerce business model for the Asia-Pacific region.
Blackstone may buy
stake in BlueRidge SEZ in line with the fund’s real estate strategy in India.
Kingfisher Airlines
Ltd grounded in October 2012 under the weight of heavy debt and accumulated
losses, recently approached the Delhi high court for relief in two separate
cases. The airline challenged a notice by Punjab & National Bank alleging
that It had wilfully defaulted on Rs 7700 mn of loans and sought more time to
comply with the requirements under the listing agreements with the Stock
Exchanges.
OnMobile likely to
sack another 300 employees. The lay-offs follow a spate of senior-level exits
over the past two years, starting with of its founder. The overall lay-offs
could number around 600 and are driven by the need to cut costs, says a former
employee.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long term rating: “AAA” |
|
Rating Explanation |
High degree of safety and carry lowest
credit risk. |
|
Date |
17.09.2014 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term rating: “A1+” |
|
Rating Explanation |
Very strong degree of safety and lowest
credit risk. |
|
Date |
17.09.2014 |
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.
INFORMATION DECLINED
MANAGEMENT NON-COOPERATIVE (Tel. No. : 91-11-243878381)
LOCATIONS
|
Registered
Office : |
NTPC Bhawan, Scope Complex, 7, Institutional Area, Lodhi Road, New Delhi
– 110003, India |
|
Tel. No.: |
91-11-24361557/ 24361012/ 24360100/ 24387001 (10 Lines) |
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Fax No.: |
91-11-24368417/ 24361018 |
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E-Mail : |
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Website : |
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NTPC Regional
Offices: |
R and D, Centre, 8A, Sector - 24, Noida - 201301, District Ghaziabad, Uttar
Pradesh, India Engineering
office complex Plot NO. 8A, Sector -16A, Noida - 201301, District Ghaziabad, Uttar
Pradesh, India Power management
institute Plot No. 5 to 14, Sector - 16A, Noida - 201301, District Ghaziabad,
Uttar Pradesh, India Website: http://www.pmintpc.com Consultancy wing Core No.6, 7th Floor, Scope Complex, 7, Lodi Road, New Delhi, India Tel. No.: 91-11-24360100/24361097/24361665/24365812/24362009 Fax. No.: 91-11-24361903/24360910/24360898 Center satellite earth station (cces) Pipeline Road, Muradnagar, Distt. Ghaxiabad - 201206, Uttar Pradesh,
India Tel. No.: 91-118-241285 |
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Corporate Office
: |
Core 5, Second Floor, SCOPE Complex, Lodhi Road, New Delhi – 110003,
India |
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Tel. No.: |
91-11-24365088 |
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Fax No.: |
91-11-24361903 / 3064 / 1781 |
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Regional
Headquarters : |
Eastern Region 2nd Floor, Alankar Place, Boring Road, Patna - 800001,
Bihar, India Tel. No. 91-612-2232127 Fax. No. 91-612-2230758/2230035 E-mail: ntpcer@vsnl.com National Capital
Region
Tel. No.: 91-118-24410333 (10 Lines)/ 24410133 (5 Lines)/ 24410116(5
Lines) Fax. No.: 91-118-24410311 Northern Region 1st Floor, B-1, Block Picup, Bhawan Vibhuti, Khand, Gomti
Nagar, Lucknow-226010, Uttar Pradesh, India Tel. No.: 91-522-2395870/2394630/2395604 Fax. No.: 91-522-2398941/2391816 Sangam Place, 5th Floor, Civil Lines, Allahabad - 211002, Uttar
Pradesh, India Tel. No.: 91-532-2621989/2621990/2621984 Fax. No.: 91-532-2621981 E-mail.: ntpc/allahabad@dartmail.dolnet.com
2nd and 5th Floors, M.C.H. Complex, R.P. Road,
Secunderabad - 500003, Andhra Pradesh, India Tel. No.: 91-40-27717267-70 Fax. No.: 91-40-27800743/27804516 E-mail.: ntpcsr@ap.nic.in Western Region Samruddhi Trade Centre, 2nd Floor, MIDC, Marol Andheri (East), Mumbai
- 400093, Maharashtra, India Tel. No.: 91-22-28310213/28227762/28310214/28209197 Fax. No.: 91-22-28310218/28310219 |
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National Capital
Region (NCR-HQ) : |
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Thermal
Power Stations : |
· Badarpur Thermal Power Station- Badarpur, New Delhi, India National
Capital Thermal Power Project- Distt. Gautum Budh Nagar, Uttar Pradesh, India |
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Gas
Power Stations : |
· Anta Gas Power Project – Distt. Baran, Rajasthan, India Auraiya
Gas Power Project – Distt. Auraiya, Uttar Pradesh, India Faridabad
Gas Power Project – Distt. Faridabad, Haryana, India National
Capital Power Project- Distt. Gautum Budh Nagar, Uttar Pradesh, India |
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Eastern Region
(ER-HQ)- I: |
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Thermal
Power Stations : |
· Barh Super Thermal Power Project- Distt. Patna, Bihar, Uttar Pradesh, India Farakka
Super Thermal Power Station – Distt. Murshidabad, West Bengal, India Kahalgaon
Super Thermal Power Project- Distt. Bhagalpur, Bihar, India North
Karanpura Super Thermal Power Project – Hazaribagh, Jharkhand, India |
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Eastern Region
(ER-HQ)- II : |
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Thermal
Power Stations : |
· Talcher Super Thermal Power Station- Distt. Angul, Odisha, India Talcher
Thermal Power Station- Distt. Angul, Odisha, India Bongaigaon
Thermal Power Project, Distt. Kokrajhar, Assam, India Gajamara
Super Thermal Power Project, Distt. Dhenkanal, Odisha, India Darlipalli
Super Thermal Power Project, Distt. Sundergarh, Jharsuguda, Odisha, India |
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Northern Region
(NR-HQ) : |
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Thermal
Power Stations : |
· Feroze Gandhi Unchahar Thermal Power Station – Distt. Raebareli, Uttar Pradesh, India Rihand
Super Thermal Power Project – Distt. Sonebhadra, Uttar Pradesh, India Singrauli
Super Thermal Power Station – Distt. Sonebhadra, Uttar Pradesh, India Tanda
Thermal Power Station- Distt. Ambedkar Nagar, Uttar Pradesh, India Bilhaur
Super Thermal Power Project, Distt. Kanpur, Uttar Pradesh, India |
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Southern Region
(SR-HQ) : |
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Thermal
Power Stations : |
· Ramagundam Super Thermal Power Station, 4th Floor, Administrative Building, Distt. Karim Nagar - 505215, Andhra Pradesh, India Simhadri
Super Thermal Power Project- Vishakapatnam, Andhra Pradesh, India Kudgi
Thermal Power Project, Bijapur, Karnataka, India |
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Gas
Power Stations : |
Rajiv Gandhi Combined Cycle Power Project – Distt. Alappuzha, Kerala,
India |
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Wind Energy
Project, Belgaum, Karnataka Western Region
(WR-HQ)-I: |
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Thermal
Power Stations : |
· Solapur Super Thermal Power Project – Solapur, Maharashtra, India Mouda
Super Thermal Power Project – Nagpur, Maharashtra, India |
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Gas
Power Stations : |
· Jhanor Gandhar Gas Power Project- Distt. Bharuch, Gujarat, India Kawas
Gas Power Project- Aditya Nagar, Surat, Gujarat, India |
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Western Region
(WR-HQ)-II Thermal
Power Stations : |
· Korba Super Thermal Power Station- Distt. Korba, Chhattisgarh, India Sipat
Super Thermal Power Project-Distt. Bilaspur, Chattisgarh, India Vindhyachal
Super Thermal Power Station- Distt. Sidhi, Madhya Pradesh, India Gadarwara
Super Thermal Power Project, Kandeli-Narsinghpur, Madhya Pradesh, India Lara
Super Thermal Power Project, Distt. Raigarh, Chattisgarh, India Khargone
Super Thermal Power Project, Khargone, Madhya Pradesh, India |
DIRECTORS
As on 31.03.2013
|
Name : |
S.C. Pandey |
|
Designation : |
Executive Director |
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Name : |
G.J. Deshpande |
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Designation : |
Executive Director |
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Name : |
Anil Kumar Ahuja |
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Designation : |
Executive Director |
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Name : |
A. C. Chaturvedi |
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Designation : |
Executive Director |
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Name : |
Sharad Anand |
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Designation : |
Executive Director |
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Name : |
Virendra Kumar Gupta |
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Designation : |
Executive Director |
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Name : |
R. Venkateswaran |
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Designation : |
Executive Director |
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Name : |
M.K.V.R. Rao |
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Designation : |
Executive Director |
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Name : |
S.N. Ganguly |
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Designation : |
Executive Director |
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Name : |
Saptarshi Roy |
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Designation : |
Executive Director |
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Name : |
M.S.Soin |
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Designation : |
Executive Director |
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Name : |
Dinesh Kumar Agarwal |
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Designation : |
Executive Director |
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Name : |
Manash Sarkar |
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Designation : |
Executive Director |
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Name : |
Dr. Arja Srikanth - on deputation from Railways |
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Designation : |
Executive Director |
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Name : |
Anand Kumar - IPS Officer on deputation |
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Designation : |
Executive Director |
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Name : |
A.K. Chatterjee |
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Designation : |
Executive Director |
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Name : |
A.K.Sharma |
|
Designation : |
Executive Director |
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|
Name : |
Y.V.Rao |
|
Designation : |
Executive Director |
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|
Name : |
Thomas Joseph |
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Designation : |
Executive Director |
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|
Name : |
Anil Gupta |
|
Designation : |
Executive Director |
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|
Name : |
G.K.Sadhu |
|
Designation : |
Executive Director |
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|
Name : |
K.S.Garbyal |
|
Designation : |
Executive Director |
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|
Name : |
Anand Kumar Gupta |
|
Designation : |
Executive Director |
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|
Name : |
Ajit Kumar |
|
Designation : |
Executive Director |
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|
Name : |
G. Ravindra |
|
Designation : |
Executive Director |
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|
Name : |
Sudhir Arya |
|
Designation : |
Executive Director |
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|
Name : |
S.J.Muley |
|
Designation : |
Executive Director |
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|
Name : |
H.K.Sandhir |
|
Designation : |
Executive Director |
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|
Name : |
V.B Fadnavis |
|
Designation : |
Executive Director |
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|
Name : |
Nand Kishore Sharma |
|
Designation : |
Executive Director |
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|
Name : |
K.K.Sharma |
|
Designation : |
Executive Director |
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|
Name : |
Arvind Kumar |
|
Designation : |
Executive Director |
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|
Name : |
Vinod Sharma |
|
Designation : |
Executive Director |
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|
Name : |
R.K.Srivastava |
|
Designation : |
Executive Director |
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|
Name : |
K.K.Singh |
|
Designation : |
Executive Director |
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|
Name : |
Janardan Kar - On depu. to CSPGCL |
|
Designation : |
Executive Director |
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Name : |
R. N. Sen - On depu. to DVC |
|
Designation : |
Executive Director |
KEY EXECUTIVES
|
Name : |
Mr. A. K. Rastogi |
|
Designation : |
Company Secretary |
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General Manager |
· Biswanath Mukherjee Dinesh
Agrawal Rakesh
Khetarpal Anuttam
Chaudhuri Narayanan
Kannan A.K.
Mohindru V.K.C.
Mohan S.P.
Singh D.
Saha Sangeet
Kumar Dave S.K.
Singh Shashi
Ranjan P.
Ramesh R.S.Rathee Janhvi
Shanker P.R.
Dahake Dushyant
Kumar Sood P.K.
Mohapatra J.N.
Singh Anil
Kumar Rastogi A.
Upendra Rao Devraj
Bhattacharjee Anil
Kumar Chander
Prakash Malik Pradeep
Bhaskar Behere Joseph
Kurian Govinda
Chandra Mishra Sankar
Bandyopadhyay GourDas
Basu P.S.
Radhakrishnan Vinod
Kumar Padha Sanjay
Kumar Sur Inder
Kumar Rajdeva P.S.
Rao S.K.
Jain Ramkrishna
Pal S.K.
Patnaik Arvind
Kumar Sinha S.K.
Roy Arun
Kumar Sinha Devashis
Basu Subhasis
Ghosh Nageen
Kumar Kothari Pramod
Kumar V.
Thangapandian Ajit
Kumar Bhatnagar R.R.
Shrivastava Arun
Prakash Trivedi Rajiv
Kumar Jain Jaiwant
Pesumal Sachdev Dilip
Singh Manki Ramahuj
Mishra Dileep
Mathur Asit
Baran Halder Sure
Krishna Reddy Harbans
Singh Dilip
Kumar Dubey P.K.Bhattacharya Ajay
Kumar Atrea Satinder
Pal Singh Kothandaraman
Sreedhar |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.06.2014
|
Names of Shareholders |
No. of Shares |
Percentage of
Holding |
|
(A) Shareholding of Promoter
and Promoter Group |
|
|
|
|
|
|
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|
6180614980 |
74.96 |
|
|
6180614980 |
74.96 |
|
|
|
|
|
Total shareholding of Promoter and
Promoter Group (A) |
6180614980 |
74.96 |
|
(B) Public Shareholding |
|
|
|
|
|
|
|
|
45727092 |
0.55 |
|
|
808029879 |
9.80 |
|
|
103955567 |
1.26 |
|
|
878974326 |
10.66 |
|
|
1836686864 |
22.28 |
|
|
|
|
|
|
43730518 |
0.53 |
|
|
|
|
|
|
154253050 |
1.87 |
|
|
17714891 |
0.21 |
|
|
12464097 |
0.15 |
|
|
4991814 |
0.06 |
|
|
4572235 |
0.06 |
|
|
1500 |
0.00 |
|
|
2590 |
0.00 |
|
|
21543 |
0.00 |
|
|
2874415 |
0.03 |
|
|
228162556 |
2.77 |
|
Total Public shareholding (B) |
2064849420 |
25.04 |
|
Total (A)+(B) |
8245464400 |
100.00 |
|
(C) Shares held by Custodians
and against which Depository Receipts have been issued |
|
|
|
|
0 |
0.00 |
|
|
0 |
0.00 |
|
|
0 |
0.00 |
|
Total (A)+(B)+(C) |
8245464400 |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the business of Generation and Sale of Bulk Power and also Providing Consultancy, Project Management and Supervision, Oil and Gas Exploration and Coal Mining. |
|
|
|
|
Products/ Services : |
· Generation of Electricity Consultancy
Services Management
of Power Stations |
GENERAL INFORMATION
|
No. of Employees : |
Not Divulged |
||||||||||||
|
|
|
||||||||||||
|
Bankers : |
· Allahabad Bank Andhra
Bank Bank
of India Canara
Bank Central
Bank of India Citi
Bank, NA Dena
Bank Indian
Overseas Bank ICICI
Bank Limited IDBI
Bank Limited Jammu
and Kashmir Bank Limited Oriental
Bank of Commerce Punjab
National Bank Punjab
and Sind Bank State
Bank of Bikaner and Jaipur State
Bank of Mysore State
Bank of Hyderabad State
Bank of India State
Bank of Patiala State
Bank of Travancore UCO
Bank Union
Bank of India United
Bank of India Vijaya
Bank |
||||||||||||
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||||||||||||
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Facilities : |
|
|
Banking Relations
: |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
O. P. Bagla and Company Chartered Accountants K. K. Soni and Company Chartered Accountants PKF Sridhar and Santhanam Chartered Accountants V. Sankar Aiyar and Company Chartered Accountants Ramesh C. Agrawal and Company Chartered Accountants A.R. and Company Chartered Accountants |
|
|
|
|
Subsidiaries : (As on 31.03.2013) |
· NTPC Electric Supply Company Limited NTPC
Hydro Limited NTPC
Vidyut Vyapar Nigam Limited Kanti
Bijlee Utpadan Nigam Limited Bhartiya
Rail Bijlee Company Limited |
|
|
|
|
Joint Venture : (As on 31.03.2013) |
· Utility Powertech Limited NTPC-Alstom
Power Services Private Limited BF-NTPC
Energy Systems Limited Pan-Asian
Renewables Private Limited Trincomalee
Power Company Limited Bangladesh-India
Friendship Power Company Private Limited |
CAPITAL STRUCTURE
As on 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000000000 |
Equity Shares |
Rs.10/- each |
Rs. 100000.000 Millions |
|
|
|
|
|
Issued, Subscribed and Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
8245464400 |
Equity Shares |
Rs.10/- each |
Rs. 82454.600 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders'
Funds |
|
|
|
|
(a) Share Capital |
82454.600 |
82454.600 |
82454.600 |
|
(b) Reserves and Surplus |
775698.600 |
721420.500 |
650457.100 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2)
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
(3) Deferred Revenue |
16098.800 |
12440.500 |
14300.600 |
|
Total
Shareholders’ Funds (1) + (2) |
874252.000 |
816315.600 |
747212.300 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
624057.500 |
532536.600 |
459082.700 |
|
(b) Deferred tax liabilities (Net) |
10516.100 |
9153.000 |
6369.000 |
|
(c) Other long term liabilities |
25124.600 |
19659.900 |
17290.600 |
|
(d) long-term provisions |
8793.600 |
7399.200 |
6037.000 |
|
Total Non-current Liabilities (3) |
668491.800 |
568748.700 |
488779.300 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
66333.400 |
51587.700 |
44606.500 |
|
(c) Other current
liabilities |
113438.600 |
104467.200 |
95372.400 |
|
(d) Short-term provisions |
73026.000 |
70045.400 |
32336.900 |
|
Total Current Liabilities (4) |
252798.000 |
226100.300 |
172315.800 |
|
|
|
|
|
|
TOTAL |
1795541.800 |
1611164.600 |
1408307.400 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
|
|
|
|
|
(i) Tangible assets |
|
626874.200 |
450444.700 |
|
(ii) Intangible Assets |
|
2486.800 |
2118.900 |
|
(iii) Capital
work-in-progress |
1169995.000 |
371094.200 |
418278.200 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.400 |
|
(b) Non-current Investments |
81209.000 |
91376.400 |
95839.200 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
127762.200 |
96334.500 |
53943.500 |
|
(e) Other Non-current assets |
17867.700 |
11327.700 |
13718.800 |
|
Total Non-Current Assets |
1396833.900 |
1199493.800 |
1034343.700 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
16369.600 |
16224.600 |
16224.600 |
|
(b) Inventories |
53733.500 |
40571.900 |
37028.500 |
|
(c) Trade receivables |
52200.800 |
53654.900 |
58325.100 |
|
(d) Cash and cash
equivalents |
153113.700 |
168677.000 |
161418.300 |
|
(e) Short-term loans and
advances |
31170.800 |
17455.300 |
15433.200 |
|
(f) Other current assets |
92119.500 |
115087.100 |
85534.000 |
|
Total Current Assets |
398707.900 |
411670.800 |
373963.700 |
|
|
|
|
|
|
TOTAL |
1795541.800 |
1611164.600 |
1408307.400 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
720189.300 |
656739.300 |
620522.300 |
|
|
|
Other Income |
26888.900 |
31015.800 |
27896.500 |
|
|
|
TOTAL (A) |
747078.200 |
687755.100 |
648418.800 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Fuel |
458297.100 |
410182.500 |
416354.600 |
|
|
|
Employee benefits expense |
38679.900 |
33601.200 |
31017.100 |
|
|
|
Generation, administration and other expenses |
45566.900 |
42112.200 |
35887.900 |
|
|
|
Prior period items (net) |
0.000 |
(297.200) |
(3135.800) |
|
|
|
Exceptional items |
0.000 |
(16841.100) |
0.000 |
|
|
|
TOTAL (B) |
542543.900 |
468757.600 |
480123.800 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (A-B) (C) |
204534.300 |
218997.500 |
168295.000 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
24065.900 |
19243.600 |
17116.400 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
180468.400 |
199753.900 |
151178.600 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
41421.900 |
33967.600 |
27917.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F) (G) |
139046.500 |
165786.300 |
123261.600 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
29299.100 |
39592.400 |
31024.300 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-H) (I) |
109747.400 |
126193.900 |
92237.300 |
|
|
|
|
|
|
|
|
|
|
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
5212.400 |
721.400 |
324.500 |
|
|
|
|
|
|
|
|
|
|
WRITE BACK FROM
BOND REDEMPTION RESERVE |
NA |
3465.000 |
3250.000 |
|
|
|
|
|
|
|
|
|
|
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to Bonds Redemption Reserve |
NA |
4927.900 |
4823.800 |
|
|
|
Transfer to Capital Reserve |
NA |
9.700 |
4.400 |
|
|
|
Transfer to General Reserve |
NA |
65000.000 |
52000.000 |
|
|
|
Dividend - Interim |
NA |
30920.700 |
28859.200 |
|
|
|
- Final (Proposed) |
NA |
16490.900 |
4122.700 |
|
|
|
Tax on Dividend - Interim |
NA |
5016.100 |
4650.900 |
|
|
|
- Final |
NA |
2802.600 |
628.300 |
|
|
BALANCE CARRIED
TO THE B/S |
NA |
5212.400 |
721.400 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Professional and Consultancy fee |
NA |
21.500 |
24.800 |
|
|
|
Other Earnings |
NA |
1.000 |
2.800 |
|
|
TOTAL EARNINGS |
NA |
22.500 |
27.600 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Capital Goods |
NA |
10090.500 |
8803.400 |
|
|
|
Spare Parts |
NA |
1244.400 |
1900.900 |
|
|
TOTAL IMPORTS |
NA |
11334.900 |
10704.300 |
|
|
|
|
|
|
|
|
|
|
Earnings / (Loss)
Per Share (Rs.) |
13.31 |
15.30 |
11.19 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
14.69 |
18.35 |
14.22 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
19.31 |
25.24 |
19.86 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
25.54 |
14.43 |
13.78 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.16 |
0.20 |
0.16 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.71 |
0.65 |
0.61 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.58 |
1.82 |
2.17 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
82454.600 |
82454.600 |
82454.600 |
|
Reserves & Surplus |
650457.100 |
721420.500 |
775698.600 |
|
Deferred Revenue |
14300.600 |
12440.500 |
16098.800 |
|
Net
worth |
747212.300 |
816315.600 |
874252.000 |
|
|
|
|
|
|
long-term borrowings |
459082.700 |
532536.600 |
624057.500 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
459082.700 |
532536.600 |
624057.500 |
|
Debt/Equity
ratio |
0.614 |
0.652 |
0.714 |
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) |
|
Sales |
620522.300 |
656739.300 |
720189.300 |
|
|
|
5.837 |
9.661 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
620522.300 |
656739.300 |
720189.300 |
|
Profit |
92237.300 |
126193.900 |
109747.400 |
|
|
14.86% |
19.22% |
15.24% |
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 |
Yes |
|
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 |
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 |
LITIGATION
DETAILS
|
IN THE HIGH COURT
OF DELHI AT NEW DELHI M/S HINDUSTAN CONSTRUCTION COMPANY LTD
|
INDEX OF CHARGES
|
S. No. |
Charge id |
Date of charge creation/modification |
Charge amount secured |
Charge holder |
Address |
Service request number (srn) |
|
1 |
10495600 |
03/05/2014 |
5,000,000,000.00 |
IDBI TRUSTEESHIP SERVICES LIMITED |
ASIAN BUILDING, GROUND FLOOR, 17, R. KAMANI MARG, BALLARD ESTATE,, MUMBAI, MAHARASHTRA - 400001, INDIA |
C03722618 |
|
2 |
10501963 |
03/05/2014 |
7,500,000,000.00 |
IDBI TRUSTEESHIP SERVICES LIMITED |
ASIAN BUILDING, GROUND FLOOR, 17, R. KAMANI MARG,BALLARD ESTATE,, MUMBAI, MAHARASHTRA - 400001, INDIA |
C03722915 |
|
3 |
10465479 |
10/12/2013 |
17,500,000,000.00 |
IL AND FS TRUST COMPANY LIMITED |
IL AND FS FINANCIAL
CENTREPLOT NO C22 G BLOCK BANDRA, KURLA COMPLEX BANDRA EAST, MUMBAI,
MAHARASHTRA |
B91335646 |
|
4 |
10429728 |
04/05/2013 |
5,000,000,000.00 |
IL AND FS TRUST COMPANY LIMITED |
IL AND FS FINANCIAL
CENTREPLOT NO C22 G BLOCK BANDRA, KURLA COMPLEX BANDRA EAST, MUMBAI,
MAHARASHTRA |
B74907619 |
|
5 |
10382985 |
15/10/2012 |
4,650,000,000.00 |
IL AND FS TRUST COMPANY LIMITED |
IL AND FS FINANCIAL
CENTREPLOT NO C22 G BLOCK BANDRA, KURLA COMPLEX BANDRA EAST, MUMBAI,
MAHARASHTRA |
B59981050 |
|
6 |
10367677 |
30/07/2012 |
5,750,000,000.00 |
IL AND FS TRUST COMPANY LIMITED |
IL AND FS FINANCIAL
CENTREPLOT NO C22 G BLOCK BANDRA, KURLA COMPLEX BANDRA EAST, MUMBAI,
MAHARASHTRA |
B44534576 |
|
7 |
10342964 |
16/03/2012 |
6,500,000,000.00 |
IDBI TRUSTEESHIP SERVICES LIMITED |
ASIAN BLDG., GROUND FLOOR, 17, R.KAMANI MARG, BALLARD ESTATE, MUMBAI, MAHARASHTRA - 400001, INDIA |
B35070085 |
|
8 |
10304274 |
25/08/2011 |
1,800,000,000.00 |
IDBI TRUSTEESHIP SERVICES LIMITED |
ASIAN BLDG., GROUND FLOOR, 17, R.KAMANI MARG, BALLARD ESTATE, MUMBAI, MAHARASHTRA - 400001, INDIA |
B19625060 |
|
9 |
10291216 |
13/06/2011 |
750,000,000.00 |
IDBI TRUSTEESHIP SERVICES LIMITED |
ASIAN BLDG., GROUND FLOOR, 17, R.KAMANI MARG, BALLARD ESTATE,, MUMBAI, MAHARASHTRA - 400001, INDIA |
B14607170 |
|
10 |
10273106 |
16/03/2011 |
3,000,000,000.00 |
IDBI TRUSTEESHIP SERVICES LIMITED |
ASIAN BLDG., GROUND FLOOR, 17, R.KAMANI MARG, BALLARD ESTATE, MUMBAI, MAHARASHTRA - 400001, INDIA |
B08475543 |
|
11 |
10238347 |
31/08/2010 |
3,450,000,000.00 |
IDBI TRUSTEESHIP SERVICES LIMITED |
ASIAN BLDG., GROUND FLOOR, 17, R.KAMANI MARG, BALLARD ESTATE, MUMBAI, MAHARASHTRA - 400001, INDIA |
A93591436 |
|
12 |
10222198 |
28/05/2010 |
8,000,000,000.00 |
IDBI TRUSTEESHIP SERVICES LIMITED |
ASIAN BLDG., GROUND FLOOR, 17, R.KAMANI MARG, BALLARD ESTATE, MUMBAI, MAHARASHTRA - 400001, INDIA |
A86464609 |
|
13 |
10165760 |
08/07/2009 |
7,000,000,000.00 |
IDBI TRUSTEESHIP SERVICES LIMITED |
ASIAN BLDG., GROUND FLOOR, 17, R.KAMANI MARG, BALLARD ESTATE, MUMBAI, MAHARASHTRA - 400001, INDIA |
A65451700 |
|
14 |
10139748 |
29/01/2009 |
20,000,000,000.00 |
IDBI TRUSTEESHIP SERVICES LIMITED |
ASIAN BLDG., GROUND FLOOR, 17, R.KAMANI MARG, BALLARD ESTATE, MUMBAI- 400 001, MAHARASHTRA, INDIA |
A55618680 |
|
15 |
10089840 |
27/02/2008 |
10,000,000,000.00 |
IDBI TRUSTEESHIP SERVICES LIMITED |
ASIAN BLDG., GROUND FLOOR, 17, R.KAMANI MARG, BALLARD ESTATE, MUMBAI- 400 001., MAHARASHTRA, INDIA |
A33320375 |
|
16 |
10042089 |
27/03/2007 |
15,000,000,000.00 |
IDBI TRUSTEESHIP SERVICES LIMITED |
ASIAN BLDG., GROUND FLOOR, 17, R.KAMANI MARG, BALLARD ESTATE, MUMBAI- 400001., MAHARASHTRA - 400001, INDIA |
A12399333 |
|
17 |
10000160 |
23/03/2006 |
10,000,000,000.00 |
IDBI TRUSTEESHIP SERVICES LIMITED |
ASIAN BUILDING,
GROUND FLOOR, 17, R KAMANI MARG, |
A00055962 |
|
18 |
90051612 |
10/06/2005 * |
5,000,000,000.00 |
IDBI TRUSTEESHIP SERVICES LIMITED |
10 FLOOR ; NARIMAN BHAVAN, 227 ; VINAY K SHAH MARG ; NARIMAN POINT, MUMBAI - 400021, MAHARASHTRA, INDIA |
- |
|
19 |
90044130 |
23/03/2005 * |
500,000,000.00 |
ILANDFS TRUST COMPANY LIMITED |
ILANDFS FINANCIAL
CENTRE; PLOT; C-22; BLOCK G, BAND |
- |
|
20 |
90048988 |
20/01/2004 * |
1,500,000,000.00 |
IL AND FS TRUST COMPANY LIMITED |
IL AND FS FINANCIAL CENTRE ; PLOT C - 22, BLOCK G; BANDRA-KURLA COMPLEX, MUMBAI - 400051, MAHARASHTRA, INDIA |
- |
|
21 |
90043638 |
23/03/2005 * |
15,000,000,000.00 |
ILANDFS TRUST COMPANY LIMITED |
ILANDFS FINANCIAL CENTRE; PLOT; C-22; BLOCK G, BANDRA-KURLA COMPLEX; BANDRA (EAST), MUMBAI, MAHARASHTRA - 400051, INDIA |
- |
|
22 |
90040356 |
28/02/2013 * |
50,000,000,000.00 |
STATE BANK OF INDIA |
JAWAHAR VYAPAR BHAWAN, 11TH AND 12TH FLOOR, 1 TOLSTOY MARG, NEW DELHI, DELHI - 110001, INDIA |
B70351135 |
* Date of charge modification
UNSECURED LOANS
|
PARTICULAR |
31.03.2013 (Rs.
In Millions) |
|
LONG TERM
BORROWINGS |
|
|
Bonds |
3000.000 |
|
Foreign Currency
notes |
|
|
4.75% Fixed rate notes due for repayment on 3rd October 2022 |
27455.000 |
|
Foreign Currency 5.625 % Fixed rate noted due for repayment on 14th July
2021 |
27455.000 |
|
Foreign Currency 5.875 % Fixed rate notes due for repayment on 2nd March
2016 |
16473.000 |
|
Term Loan - From
Banks |
|
|
Foreign Currency Loans |
47667.000 |
|
Rupee Loans |
138849.000 |
|
From Others |
|
|
Foreign Currency loan (guaranteed by GOI) |
26040.900 |
|
Other foreign currency loans |
18645.500 |
|
Rupee loans |
130905.500 |
|
Deposits Fixed Deposts |
5.200 |
|
Bonds application money pending allottment |
2000.000 |
|
Total |
438496.100 |
CONTINGENT
LIABILITIES (AS ON 31.03.2013):
a) Claims against the company not acknowledged as debts in respect of:
(i) Capital Works
Some of the contractors for supply and installation of equipments and execution of works at our projects have lodged claims on the Company for Rs. 39661.100 Millions (previous year Rs. 44272.700 Millions) seeking enhancement of the contract price, revision of work schedule with price escalation, compensation for the extended period of work, idle charges etc. These claims are being contested by the Company as being not admissible in terms of the provisions of the respective contracts.
The Company is pursuing various options under the dispute resolution mechanism available in the contracts for settlement of these claims. It is not practicable to make a realistic estimate of the outflow of resources if any, for settlement of such claims pending resolution.
(ii) Land compensation cases
In respect of land acquired for the projects, the land losers have claimed higher compensation before various authorities/courts which are yet to be settled. In such cases, contingent liability of Rs. 7475.400 Millions (previous year Rs. 1,1735.800 Millions) has been estimated.
(iii) Fuel Suppliers
Pending resolution of the issues with coal companies as disclosed in Note 33, payments and accounting of coal are being made based on GCV ascertained at station end. The difference between the amount billed by the coal companies and the payment released by the company amounts to Rs. 25311.000 Millions (previous year Rs. Nil).
Further, an amount of Rs. 3677.300 Millions (previous year Rs. 4006.300 Millions) towards surface transportation charges, customs duty on service margin on imported coal etc. has been disputed by the Company.
(iv) Others
In respect of claims made by various State/Central Government departments/Authorities towards building permission fee, penalty on diversion of agricultural land to non-agricultural use, nala tax, water royalty etc. and by others, contingent liability of Rs. 8628.100 Millions (previous year Rs. 8774.700 Millions) has been estimated.
(v) Possible Reimbursement
The contingent liabilities referred to in (i) above, include an amount of Rs. 9612.400 Millions (previous year Rs. 17697.000 Millions) relating to the hydro power project stated in Note 21 b) - Other current assets, for which Company envisages possible reimbursement from GOI in full. In respect of balance claims included in (i) and in respect of the claims mentioned at (ii) above, payments, if any, by the company on settlement of the claims would be eligible for inclusion in the capital cost for the purpose of determination of tariff as per CERC Regulations subject to prudence check by the CERC. In case of (iii), the estimated possible reimbursement is by way of recovery through tariff as per Regulations, 2009 is Rs. 27920.600 Millions (previous year Rs. 2834.500 Millions).
b) Disputed Income Tax/Sales Tax/Excise Matters
Disputed Income Tax/Sales Tax/Excise matters pending before various Appellate Authorities amount to Rs. 1,5476.100 Millions (previous year Rs. 3,0386.300 Millions). Many of these matters were disposed off in favour of the Company but are disputed before higher authorities by the concerned departments. In such cases, the company estimate possible reimbursement of Rs. 3651.900 Millions (previous year Rs. 21115.400 Millions).
c) Others
Other contingent liabilities amount to Rs. 2522.000 Millions (previous year Rs. 3169.300 Millions).
Some of the beneficiaries have filed appeals against the tariff orders of the CERC. The amount of contingent liability in this regard is not ascertainable.
UNAUDITED FINANCIAL RESULTS FOR QUARTER ENDED 30.06.2014
(Rs. In Millions)
|
Particulars |
Quarter Ended ( Unaudited) |
|
|
30.06.2014 |
|
1.
Income from operations |
|
|
a) Net sales/ Income from operation (net of excise duty) |
180864.700 |
|
b) Other operating income |
2502.800 |
|
Total
income from Operations(net) |
183367.500 |
|
2.Expenditure |
|
|
a) Fuel cost |
127651.300 |
|
b) Employees benefit expenses |
9342.400 |
|
c) Depreciation and amortization expenses |
11154.700 |
|
d) Other expenditure |
11187.500 |
|
Total expenses |
159335.900 |
|
3. Profit from operations before other income and
financial costs |
24031.600 |
|
4. Other income |
5483.900 |
|
5. Profit from ordinary activities before finance costs |
29515.500 |
|
6. Finance costs |
6679.100 |
|
7. Net profit/(loss) from ordinary activities
after finance costs but before exceptional items |
22836.400 |
|
8. Exceptional item |
-- |
|
9. Profit from ordinary activities before tax
Expense: |
22836.400 |
|
10.Tax expenses |
824.400 |
|
11.Net Profit
/ (Loss) from ordinary activities after tax (9-10) |
22012.000 |
|
12.Extraordinary Items (net of tax expense) |
-- |
|
13.Net Profit / (Loss) for the period (11 -12) |
22012.000 |
|
14.Paid-up equity share capital (Nominal value Rs.10/- per share) |
82454.600 |
|
15. Reserve excluding
Revaluation Reserves as per balance sheet of previous accounting year |
|
|
16.i) Earnings per share (before extraordinary
items) of Rs.10/- each) (not annualised): |
|
|
(a) Basic and diluted |
2.67 |
|
|
|
|
A. Particulars of shareholding |
|
|
1. Public Shareholding |
|
|
- Number of shares |
2064849420 |
|
- Percentage of shareholding |
25.04 |
|
2. Promoters and Promoters group Shareholding- |
|
|
a) Pledged /Encumbered |
|
|
Number of shares |
-- |
|
Percentage of shares (as a % of total shareholding of the
promoter and promoter group) |
-- |
|
Percentage of shares (as a % of total share capital of the
company) |
-- |
|
|
|
|
b) Non Encumbered |
|
|
Number of shares |
6180614980 |
|
Percentage of shares (as a % of total shareholding of the
promoter and promoter group) |
100.00 |
|
Percentage of shares (as a % of total share capital of the
company) |
74.96 |
|
|
|
|
|
|
|
B.
Investor Complaints |
|
|
Pending at the beginning of the quarter |
12 |
|
Receiving during the quarter |
1795 |
|
Disposed of during the quarter |
1800 |
|
Remaining unreserved at the end of the quarter |
7 |
UNAUDITED SEGMENT WIE
REVENUE, RESULTS AND CAPITAL EMPLOYED
(Rs. In
Millions)
|
Particulars |
Year
Ended (
Unaudited) |
|
|
31.03.2014 |
|
1.
Segment Revenue |
|
|
a. Generation |
183609.700 |
|
b. Others |
269.900 |
|
Total |
183879.600 |
|
|
|
|
2.
Segment Result (Profit
before Interest and Tax) |
|
|
a. Generation |
26953.800 |
|
b. Others |
(11.700) |
|
Total |
26942.100 |
|
|
|
|
Less
: (i) Interest |
6679.100 |
|
(ii) Other un-allocable
expenditure net off un-allocable income. |
(2573.400) |
|
Profit
before Tax |
22836.400 |
|
3.
Capital Employed |
|
|
a. Generation |
805695.600 |
|
b. Others |
10146.500 |
|
c. Un-allocable |
64268.500 |
|
|
|
|
TOTAL |
880110.600 |
The operations of the company are mainly carried
out within the country and therefore, geographical segments are not applicable.
NOTE:
1.
These results have been reviewed by the
Audit Committee of the Board of Directors and approved by the Board of
Directors in their respective meetings held on July 31, 2014.
2.
a. The Central Electricity Regulatory
Commission (CERC) notified the Tariff Regulations, 2014 in February 2014
(Regulations, 2014) Pending issue of provisional/final tariff orders w.e.f. April
01, 2014 for all the stations, beneficiaries are billed in accordance with the
tariff approved and applicable as on March 31, 2014 as provided in the
Regulations, 2014. The amount billed for the quarter ended June 30, 2014 on
this basis is Rs. 18,91.134 lakh (corresponding previous quarter Rs. 15,50,469
lakh).
b. The Company has filed a
petition before the Hon'ble High Court of Delhi contesting certain provisions
of the Regulations 2014. Pending issue of provisional/final tariff orders under
Regulations, 2014 by CERC and disposal of the petition, sales have been
provisionally recognised at Rs. 18,58,486 lakh for the quarter ended June 30,
2014 (corresponding previous quarter Rs. 15,28,371 lakh) on the basis of said
Regulations.
c. Sales include Rs. 23,007 lakh for the quarter ended June 30, 2014
(corresponding previous quarter Rs. 20,072 lakh) pertaining to previous years
recognized based on the orders issued by the CERC/Appellate Tribunal for
Electricity (APTEL). Sales include (-) Rs. 78,421 lakh for the quarter ended
June 30, 2014 (corresponding previous quarter Rs. 8,110 lakh) on account of
Income tax refundable to / recoverable from the beneficiaries as per
Regulations, 2004. Sales also include Rs. 2,952 lakh for the quarter ended June
30, 2014 (corresponding previous quarter Rs. 1,892 lakh) on account of deferred
tax materialized which is recoverable from beneficiaries as per Regulations,
2014.
3.
Provision for current tax for the
period includes tax related to earlier years amounting to (-) Rs. 72,563 lakh
(corresponding previous quarter Nil).
4.
Due to variation in the Gross Calorific
Value (GCV) of coal supplied by coal Companies and received at power station,
the Company during October/November 2012 to October/November 2013, disputed the
bills raised by the coal Companies and released payments on the basis of GCV
measured at station end. Settlement with most of the CIL subsidiaries has been
reached and matter has been taken up with other CIL subsidiaries for early
resolution. In respect of coal companies where settlements are yet to be
reached, against the disputed billed amount of Rs. 67,902 lakh as at June 30,
2014 (Rs. 2,57,875 lakh as at March 31, 2014), an amount of Rs. 45,516 lakh
(Rs. 1,53,596 lakh as at March 31, 2014) has been paid / provided against the
same and the balance amount of Rs. 22,386 lakh (Rs. 1,04,279 lakh as at March
31, 2014) has been estimated as contingent liability with corresponding
possible reimbursement from the beneficiaries. Sales corresponding to variable
charges recoverable for the amounts paid/provided as above have been
recognised.
5.
The Company has revised the accounting
policy for depreciation of certain assets in alignment with Schedule-II to the
Companies Act, 2013 which has become applicable from April 01, 2014. Consequently,
profit for the quarter is lower by Rs. 467 lakh and fixed assets are lower by
Rs. 1,013 lakh. Further, an amount of Rs. 546 lakh has been cognized in the
opening balance of the retained earnings where the remaining useful life of
such assets is Nil as at April 01, 2014 in line with the provisions of
Schedule-II to the Companies Act, 2013.
6.
Solar PV Power capacity of 20 MW at
Rajgarh has been declared commercial w.e.f. April 30, 2014.
7.
These results have been reviewed by the
Statutory Auditors as required under Clause 41 of the Listing Agreements.
8.
Figures for the previous periods/year
have been regrouped/rearranged wherever necessary.
FIXED ASSETS
Tangible Assets
Land
Building
Temporary
Erection
Water
supply, Drainage and Sewerage System
MGR
track and Signaling System
Railway
siding
Earth
dam Reservoir
Plant
and Equipment
Furniture
and Fixtures
Vehicles
Office
Equipment
EDP,
WP Machines and Sitcom Equipment
Construction
Equipments
Electrical
Installations
Communication
Equipments
Hospital
Equipments
Laboratory
and Workshop Equipments
Intangible Assets
Software
Right
of Use
PRESS RELEASE:
SKILL
BUILDING EFFORTS BY NTPC
SIGNS CONTRACT AGREEMENT WITH NPTI
NTPC and National Power Training Institute (NPTI) signed a contract agreement today in New Delhi for Skill Development of Power Plant Engineers across the country. Under this agreement NTPC will provide consultancy services to NPTI for procurement, engineering, supervision and testing of Simulators at six locations in the country.
The agreement was signed in the presence of Shri I.J Kapoor, Director (Commercial), NTPC and Shri Subodh Garg, Director General NPTI. These Simulators will be installed at NPTI buildings at Badarpur in Delhi, Faridabad in Haryana, Durgapur in West Bengal, Nagpur in Maharashtra, Shivpuri in Madhya Pradesh and Allappuzha in Kerala.
NTPC SIGNS MOU WITH GOVT. OF ANDHRA PRADESH
FOR 1000 MW SOLAR POWER PROJECTS
NTPC signed a Memorandum of Understanding (MoU) with Government of Andhra Pradesh (GoAP) today in Hyderabad for developing 1000 MW solar power project(s) in Andhra Pradesh. The MoU was signed by Dr. Arup Roy Choudhury, Chairman & Managing Director, NTPC and Shri Ajay Jain, Secretary to Government of Andhra Pradesh, Department of Energy in the presence of Chief Minister of Andhra Pradesh, Shri N Chandrababu Naidu, Union Minister of State for Power (Independent Charge) Coal and New& Renewable Energy Shri Piyush Goyal, Union Minister of Civil Aviation, Shri Ashok Gajapati Raju, and other esteemed dignitaries. Shri R. Venkateswaran, Regional Executive Director, NTPC and Shri Janardan Kar, Executive Director (Business Development), NTPC were also present during the occasion.
As per the MoU, NTPC shall develop 1000 MW solar power Project(s) at sites identified by GoAP on Build-Own-Operate (BOO) basis, in a phased manner.
The documents for transfer of land for 4000 MW Pudipadaka Thermal Power Project were also handed over to NTPC on the occasion.
CMT REPORT (Corruption, Money Laundering and 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.61.61 |
|
|
1 |
Rs.100.28 |
|
Euro |
1 |
Rs.78.21 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
NKT |
SCORE and RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
9 |
|
PAID-UP CAPITAL |
1~10 |
8 |
|
OPERATING SCALE |
1~10 |
9 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
8 |
|
--PROFITABILIRY |
1~10 |
8 |
|
--LIQUIDITY |
1~10 |
8 |
|
--LEVERAGE |
1~10 |
8 |
|
--RESERVES |
1~10 |
8 |
|
--CREDIT LINES |
1~10 |
9 |
|
--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 |
|
75 |
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 and 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.