MIRA
INFORM REPORT
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Report No. : |
330154 |
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Report Date : |
02.07.2015 |
IDENTIFICATION DETAILS
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Name : |
RELIANCE INFRASTRUCTURE LIMITED (w.e.f.28.04.2008) |
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Formerly Known
As : |
RELIANCE ENERGY LIMITED BOMBAY SUBURBAN ELECTRIC SUPPLY LIMITED |
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Registered
Office : |
H Block, 1st Floor, |
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Country : |
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Financials (as
on) : |
31.03.2015 |
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Date of
Incorporation : |
01.10.1929 |
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Com. Reg. No.: |
11- 001530 |
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Capital
Investment / Paid-up Capital : |
Rs. 2630.300 Million |
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CIN No.: [Company Identification
No.] |
L99999MH1929PLC001530 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
Not Available |
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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
: |
Generation, Transmission and Distribution of Electrical Power and also Engineering, Procurement, Construction (EPC) and Contracts. |
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No. of Employees
: |
10000 (Approximately) |
RATING & COMMENTS
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MIRA’s Rating : |
A (66) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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56-70 |
A |
Financial & operational base are regarded healthy. General
unfavorable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
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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 the flagship company of the Reliance Group. It is a well-established
company having fine track record. For the financial year ended 2015, company has reported sound
operational performance but topline growth of company has declined by 7.22%.
However, company has maintained decent profitability margins at 14.55%. Rating takes into consideration company’s adequate financial risk
profile supported by sound networth base and strong support that company
receives from Reliance Group. Trade relations are reported as fair. Payments are reported to be
regular and as per commitment. In view of being part of Reliance Group, 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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
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Rating |
Long term Rating = A |
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Rating Explanation |
Adequate degree of safety and low credit
risk. |
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Date |
May 22, 2015 |
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
31-03-2013.
INFORMATION PARTED BY (GENERAL DETAILS)
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Name : |
Mr. Madhukar Khanchand Moolwaney |
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Designation : |
Chief Financial Officer |
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Contact No.: |
91-22-30386290 |
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Date : |
01.07.2015 |
LOCATIONS
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Registered Office : |
H Block, 1st Floor, Dhirubhai Ambani Knowledge City, Navi
Mumbai – 400710, Maharashtra , India |
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Tel. No.: |
91-22-30386290/ 30098181 |
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Fax No.: |
91-22-30376633/ 30098128 |
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E-Mail : |
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Website : |
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Corporate Office : |
Reliance Energy
Center, Santacruz (East), Mumbai – 400055 Maharashtra India |
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Tel. No.: |
91-22-30099999/
26639999 |
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Fax No.: |
91-22-30099763/
26639741 |
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Power Plant
: |
Dahanu Power Plant BSES Nagar,
Dahanu Road, Thane – 401602, Maharashtra, India Goa Power Plant Opposite
Sancoale, Industrial Estate, Zuarinagar- 403 726, Sancoale Mormugao Goa, Samalkot Power Plant Industrial
Development Area, Peddapuram Mandal, Samalkot- 533440, Andhra Pradesh, India Wind Farm Near Almangala,
Chitradurga – 577558, Karnataka, India |
DIRECTORS
AS ON 31.03.2014
|
Name : |
Mr. Anil Dhirajlal Ambani |
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Designation : |
Chairman |
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Address : |
Sea Wind, 39, Cuffe Parade, Colaba Mumbai – 400005, Maharashtra, India |
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Date of Birth/Age : |
04.06.1959 |
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Date of Appointment : |
18.01.2003 |
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DIN No. : |
00004878 |
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Name : |
Mr. Sateesh Seth |
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Designation : |
Vice Chairman |
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Address : |
4th Floor, Summer Villa, 7th Road, Santa Cruz (East), Mumbai – 400055, Maharashtra, India |
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Date of Birth/Age : |
13.08.1955 |
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Date of Appointment : |
24.11.2000 |
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DIN No. : |
00004631 |
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Name : |
Mr. Vijay Kumar Chaturvedi |
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Designation : |
Director |
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Address : |
901, Tower 10, Sea Breeze CHS. Limited, Palm Beach Road, Nerul – 16, Navi Mumbai – 400706, Maharashtra India |
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Date of Birth/Age : |
01.01.1943 |
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Date of Appointment : |
21.04.2012 |
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DIN No. : |
01802454 |
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Name : |
Mr. Rana Ranjit Rai |
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Designation : |
Director |
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Address : |
A/5, Jeevan Jyot, Nepean Sea Road, Mumbai – 400036, Maharashtra, India |
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Date of Birth/Age : |
09.08.1950 |
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Date of Appointment : |
10.05.2011 |
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DIN No. : |
01625853 |
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Name : |
Mr. Surinder Singh Kohli |
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Designation : |
Director |
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Address : |
J-170, Rajouri Garden, New Delhi – 110027, India |
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Date of Birth/Age : |
10.04.1945 |
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Date of Appointment : |
14.02.2012 |
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DIN No. : |
00169907 |
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Name : |
Mr. Krishnaswamy Ravi Kumar |
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Designation : |
Director |
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Address : |
277, Asian Games Village, New Delhi – 110049, India |
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Date of Birth/Age : |
15.06.1949 |
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Date of Appointment : |
14.08.2012 |
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DIN No. : |
00119753 |
KEY EXECUTIVES
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Name : |
Mr. Ramesh Ganpati Shenoy |
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Designation : |
Company Secretary and Manager |
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Address : |
E-115, Bussa Apartments, B M Bhargava Marg, Santa Cruz (West) Mumbai – 400054, Maharashtra, India |
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Date of Birth/Age : |
07.10.1949 |
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Date of Appointment : |
22.07.1994 (Company Secretary) 21.04.2012 (Manager) |
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PAN No.: |
AHEPS6351D |
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Name : |
M S Mehta |
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Designation : |
Chief Executive Officer |
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Name : |
Mr. Madhukar Khanchand Moolwaney |
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Designation : |
Chief Financial Officer |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 31.03.2015
|
Category of Shareholders |
No.
of Shares |
Percentage
of Holding |
|
(A) Shareholding of Promoter and Promoter
Group |
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|
663424 |
0.26 |
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|
126963612 |
49.22 |
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|
127627036 |
49.48 |
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Total shareholding of Promoter and Promoter
Group (A) |
127627036 |
49.48 |
|
(B) Public Shareholding |
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|
767173 |
0.30 |
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|
1070746 |
0.42 |
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|
130865 |
0.05 |
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|
43428751 |
16.84 |
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|
51600990 |
20.01 |
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|
96998525 |
37.61 |
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|
3556440 |
1.38 |
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|
27137851 |
10.52 |
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|
1186744 |
0.46 |
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1432818 |
0.56 |
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|
1432818 |
0.56 |
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|
33313853 |
12.92 |
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Total Public shareholding (B) |
130312378 |
50.52 |
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Total (A)+(B) |
257939414 |
100.00 |
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(C) Shares held by Custodians and against which
Depository Receipts have been issued |
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0 |
0.00 |
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|
5050586 |
0.00 |
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|
5050586 |
0.00 |
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Total (A)+(B)+(C) |
262990000 |
100.00 |
(1) Indian
Individuals / Hindu Undivided Family
Individual shareholders holding nominal share
capital up to Rs. 0.100 Million 
Shareholding of securities (including shares, warrants,
convertible securities) of persons belonging to the category Promoter and
Promoter Group
|
l.No. |
Name of the
Shareholder |
Details of Shares
held |
Encumbered shares
(*) |
Total shares
(including underlying shares assuming full conversion of warrants and
convertible securities) as a % of diluted share capital |
|||
|
No. of Shares held |
As a % of grand
total (A)+(B)+(C) |
No |
As a percentage |
As a % of |
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||
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1 |
Reliance Project Ventures and Management Private Limited |
10,61,48,937 |
40.36 |
29000000 |
27.32 |
11.03 |
40.36 |
|
s2 |
Reliance Big Private Limited |
1,95,00,000 |
7.41 |
10000000 |
51.28 |
3.80 |
7.41 |
|
3 |
Reliance Innoventures Private Limited |
8,64,675 |
0.33 |
0 |
0.00 |
0.00 |
0.33 |
|
4 |
Reliance ADA Group Trustees Private Limited |
4,50,000 |
0.17 |
0 |
0.00 |
0.00 |
0.17 |
|
5 |
Kokila D Ambani |
2,74,937 |
0.10 |
0 |
0.00 |
0.00 |
0.10 |
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6 |
Anil D Ambani |
1,39,437 |
0.05 |
0 |
0.00 |
0.00 |
0.05 |
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7 |
Jaianmol A Ambani |
1,25,231 |
0.05 |
0 |
0.00 |
0.00 |
0.05 |
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8 |
Tina A Ambani |
1,23,812 |
0.05 |
0 |
0.00 |
0.00 |
0.05 |
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9 |
Jaianshul A Ambani |
7 |
0.00 |
0 |
0.00 |
0.00 |
0.00 |
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Total |
12,76,27,036 |
48.53 |
39000000 |
30.56 |
14.83 |
48.53 |
Shareholding of securities (including shares, warrants,
convertible securities) of persons belonging to the category Public and holding
more than 1% of the total number of shares
|
Sl. No. |
Name of the
Shareholder |
No. of Shares held |
Shares as % of
Total No. of Shares |
Total shares
(including underlying shares assuming full conversion of warrants and convertible
securities) as a % of diluted share capital |
|
|
1 |
Life Insurance Corporation of India |
22042410 |
8.38 |
8.38 |
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2 |
Bank of New York Mellon |
5050586 |
1.92 |
1.92 |
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3 |
LIC of India Market Plus - 1 Growth Fund |
4290437 |
1.63 |
1.63s |
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4 |
New India Assurance Company Ltd |
3854186 |
1.47 |
1.47 |
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5 |
Brandes Emerging Markets Fund |
3350998 |
1.27 |
1.27 |
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6 |
Oriental Insurance Company Ltd |
3271179 |
1.24 |
1.24 |
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Total |
41859796 |
15.92 |
15.92 |
Shareholding of
securities (including shares, warrants, convertible securities) of persons
(together with PAC) belonging to the category “Public” and holding more than 5%
of the total number of shares of the company
|
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 |
Total shares
(including underlying shares assuming full conversion of warrants and
convertible securities) as a % of diluted share capital |
|
|
1 |
Life Insurance Corporation of India |
22042410 |
8.38 |
8.38 |
|
|
|
Total |
22042410 |
8.38 |
8.38 |
Details of Depository
Receipts (DRs)
|
Sl. No. |
Type of Outstanding
DR (ADRs, GDRs, SDRs, etc.) |
No. of Outstanding
DRs |
No. of Shares
Underlying |
Shares Underlying
Outstanding DRs as % of Total No. of Shares |
|
1 |
GDR |
ss |
50,50,586 |
1.92 |
|
|
Total |
16,83,529 |
50,50,586 |
1.92 |
BUSINESS DETAILS
|
Line of Business : |
Generation, Transmission and Distribution of Electrical Power and also Engineering, Procurement, Construction (EPC) and Contracts. |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
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Selling : |
Cash and Credit (30 Days, 60 Days and 90 Days) |
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Purchasing : |
Cash and Credit (30 Days, 60 Days and 90 Days) |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
End Users and OEMs
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No. of Employees : |
10000 (Approximately) |
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Bankers : |
· Bank of Maharashtra, LJ Road Mahim Branch, Mangeerish Society, Mahim (West), Mumbai - 400016, Maharashtra, India Canara Bank, Prime Corporate Branch - II, Canara Bank
Building, Adi Marzban Street, Ballard Estate, Mumbai - 400001, Maharashtra,
India |
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Facilities : |
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Financial Institution : |
IDBI Trusteeship Services Limited, Asian Building, 17, R. Kamani Marg, Ballard Estate, Mumbai - 400001, Maharashtra, India |
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Auditor 1 : [As on 31.03.2014] |
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Name : |
Pathak H D and Associates Chartered Accountants |
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Address : |
814/815, Tulsiani Chambers, 212, Nariman Point, Mumbai – 400021, Maharashtra, India |
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Income-tax
PAN of auditor or auditor's firm : |
AAAFP1031C |
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Auditor 2 : [As on 31.03.2014] |
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Name : |
Haribhakti and Company Chartered Accountants |
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Address : |
42, Free Press House, 4th Floor, 215, Nariman Point, Mumbai – 400021, Maharashtra, India |
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Income-tax
PAN of auditor or auditor's firm : |
AAAFH2010F |
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Subsidiaries
(Including step down Subsidiaries): [As on 31.03.2014] |
· Reliance Power Transmission Limited (RPTL) Western Region Transmission (Gujarat) Private Limited
(WRTG) Western Region Transmission (Maharashtra) Private Limited
(WRTM)* Talcher – II Transmission Company Limited (TTCL) North Karanpura Transmission Company Limited (NKTCL) BSES Kerala Power Limited (BKPL) Reliance Energy Trading Limited (RETL) Mumbai Metro One Private Limited (MMOPL) Parbati Koldam Transmission Company Limited (PKTCL) CBD Tower Private Limited (CBDTPL) Tulip Realtech Private Limited (TRPL) DS Toll Road Limited (DSTL) NK Toll Road Limited (NKTL) SU Toll Road Private Limited (SUTL) up to September 29,
2013 TD Toll Road Private Limited (TDTL) up to September 29,
2013 TK Toll Road Private Limited (TKTL) up to September 29,
2013 GF Toll Road Private Limited (GFTL) KM Toll Road Private Limited (KMTL) PS Toll Road Private Limited (PSTL) HK Toll Road Private Limited (HKTL) DA Toll Road Private Limited (DATL) Reliance Cement Company Private Limited(RCPL) Reliance Cement and Infra Private Limited (RCIPL) Reliance Cement Corporation Private Limited (RCCPL) Reliance Cement Works Private Limited (RCWPL)* Utility Infrastructure & Works Private Limited (UIWPL) Reliance Concrete Private Limited ( RCoPL) Reliance Airport Developers Private Limited (RADPL) Latur Airport Private Limited (LAPL) Baramati Airport Private Limited (BAPL) Nanded Airport Private Limited (NAPL) Yavatmal Airport Private Limited (YAPL) Osmanabad Airport Private Limited (OAPL) Reliance Sealink One Private Limited (RSOPL) |
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Associates
(Including Subsidiaries of Associates) : [As on 31.03.2014] |
· Reliance Power Limited (RePL) Urthing Sobla Hydro Power Private Limited (USHPPL) Rosa Power Supply Company Limited (ROSA) Sasan Power Limited (SPL) Vidarbha Industries Power Limited (VIPL) Chitrangi Power Private Limited (CPPL) Coastal Andhra Power Limited (CAPL) Samalkot Power Limited (SaPoL) Rajasthan Sun Technique Energy Private Limited (RSTEPL) Dhursar Solar Power Private Limited (DSPPL) (earlier known
as Dahanu Solar Power Private Limited) Reliance Clean Gen Limited (RCGL) JR Toll Road Private Limited (JRTL) Mumbai Metro Transport Private Limited (MMTPL) Metro One Operation Private Limited(MOOPL) Delhi Airport Metro Express Private Limited (DAMEPL) SU Toll Road Private Limited (SUTL) w.e.f. September 30,
2013 TD Toll Road Private Limited (TDTL) w.e.f. September 30,
2013 TK Toll Road Private Limited (TKTL) w.e.f. September 30,
2013 Siyom Hydro Power Private Limited (SHPPL) Coastal Andhra Power Infrastructure Limited (CAPIPL) |
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Joint Ventures : [As on 31.03.2014] |
· BSES Rajdhani Power Limited (BRPL) BSES Yamuna Power Limited (BYPL) Tamilnadu Industries Captive Power Company Limited
(TICAPCO) Utility Powertech Limited (UPL) |
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Investing Party : [As on 31.03.2014] |
AAA Project Ventures Private Limited (AAAPVPL) |
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Enterprises over
which person described in
(iv) has significant
influence :[As on
31.03.2014] |
· Reliance Innoventures Private Limited(REIL) Reliance Life Insurance Company Limited (RLICL) Reliance General Insurance Company Limited (RGI) Reliance Capital Limited (RCap) Reliance Tech Services Private Limited (RTSPL) Reliance Infocomm Infrastructure Private Limited (RIIPL) AAA Sons Private Limited (AAASPL) Reliance Securities Limited (RSL) Reliance Money Precious Metals Private Limited (RMPMPL) Reliance Capital Asset Management Company Limited (RAMCPL) Reliance Enterprise and Ventures Private Limited (REVPL) Reliance Infocomm Limited (RInfo) Reliance Infratel Limited (RITL) Reliance Big Private Limited (RBPL) Talenthouse Entertainment Private Limited (THEPL) Reliance Home finance Limited (RHL) |
CAPITAL STRUCTURE
AS ON 31.03.2015
Authorised Capital : Not Available
Issued, Subscribed and Paid-up Capital : Rs. 2630.300 Million
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
450,060,000 |
Equity Shares |
Rs.10/- each |
Rs. 4500.600 Million |
|
8,000,000 |
Equity Shares with differential rights |
Rs.10/- each |
Rs. 80.000 Million |
|
1,550,000,000 |
Redeemable Preference |
Rs.10/- each |
Rs. 15500.000 Million |
|
42,000,000 |
Unclassified Shares |
Rs.10/- each |
Rs. 420.000 Million |
|
|
|
|
|
|
|
Total |
|
Rs. 20500.600
Million |
Issued Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
265,392,065 |
Equity Shares |
Rs.10/- each |
Rs. 2654.000 Million |
|
|
|
|
|
Subscribed and Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
262,990,000 |
Equity Shares |
Rs.10/- each |
Rs. 2629.900 Million |
|
|
Add: 354479 Forfeited Shares- Amounts originally paid up |
|
Rs. 0.400 Million |
|
|
Less: 450000 Shares held by R Infra ESOS Trust |
|
Rs. 4.500 Million |
|
|
Total |
|
Rs. 2625.800
Million |
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF
FUNDS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders'
Funds |
|
|
|
|
(a) Share Capital |
2630.300 |
2625.800 |
2630.300 |
|
(b) Reserves & Surplus |
209243.700 |
210297.900 |
199726.200 |
|
(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) |
211874.000 |
212923.700 |
202356.500 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
85463.200 |
67123.800 |
38810.400 |
|
(b) Deferred tax liabilities (Net) |
2973.900 |
4825.200 |
5545.200 |
|
(c) Other long term liabilities |
26271.600 |
26670.500 |
29976.000 |
|
(d) Long-term provisions |
3800.000 |
3800.000 |
3800.000 |
|
Total Non-current Liabilities (3) |
118508.700 |
102419.500 |
78131.600 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
70580.200 |
73461.000 |
64072.900 |
|
(b) Trade payables |
38950.900 |
38563.500 |
37839.600 |
|
(c) Other current
liabilities |
50084.300 |
59547.900 |
56571.700 |
|
(d) Short-term provisions |
5707.700 |
4347.700 |
3122.500 |
|
Total Current Liabilities (4) |
165323.100 |
175920.100 |
161606.700 |
|
|
|
|
|
|
TOTAL |
495705.800 |
491263.300 |
442094.800 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
77017.400 |
53941.600 |
54419.600 |
|
(ii) Intangible Assets |
0.000 |
5871.300 |
14347.700 |
|
(iii) Capital
work-in-progress |
0.000 |
5277.800 |
4727.500 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
148753.800 |
134498.300 |
104965.700 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
4744.000 |
22509.600 |
5726.500 |
|
(e) Other Non-current assets |
38075.100 |
38575.400 |
40481.300 |
|
Total Non-Current Assets |
268590.300 |
260674.000 |
224668.300 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
32313.300 |
41020.500 |
28048.600 |
|
(b) Inventories |
3866.200 |
3606.000 |
3672.800 |
|
(c) Trade receivables |
51906.100 |
47223.400 |
32492.500 |
|
(d) Cash and cash
equivalents |
1456.300 |
2019.700 |
1186.500 |
|
(e) Short-term loans and
advances |
107660.500 |
100901.900 |
130566.900 |
|
(f) Other current assets |
29913.100 |
35817.800 |
21459.200 |
|
Total Current Assets |
227115.500 |
230589.300 |
217426.500 |
|
|
|
|
|
|
TOTAL |
495705.800 |
491263.300 |
442094.800 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
105355.600 |
113569.300 |
143220.300 |
|
|
|
Other Income |
15626.000 |
12245.200 |
10828.200 |
|
|
|
TOTAL |
120981.600 |
125814.500 |
154048.500 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Electrical Energy
Purchased |
36851.800 |
24851.900 |
24682.500 |
|
|
|
Cost of Fuel |
10874.500 |
14889.000 |
15786.100 |
|
|
|
Construction Material Consumed and Sub-Contracting Charges |
20360.200 |
38859.500 |
66792.600 |
|
|
|
Employee benefit expenses |
9761.900 |
8231.100 |
8561.300 |
|
|
|
Other expenses |
7902.600 |
7630.800 |
8262.800 |
|
|
|
TOTAL |
85751.000 |
94462.300 |
124085.300 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
35230.600 |
31352.200 |
29963.200 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
15181.400 |
9962.100 |
8793.800 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
20049.200 |
21390.100 |
21169.400 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
4868.600 |
3420.700 |
3920.500 |
|
|
|
|
|
|
|
|
|
Add |
EXCEPTIONAL ITEMS |
0.000 |
0.000 |
4183.400 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
15180.600 |
17969.400 |
21432.300 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
(153.300) |
2090.000 |
1437.100 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
15333.900 |
15879.400 |
19995.200 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Other Income |
|
3.100 |
0.035 |
|
|
|
Derivative Gain (Net) on commodity hedging |
|
0.000 |
0.000 |
|
|
TOTAL EARNINGS |
NA
|
3.100 |
0.035 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Fuel Coal |
|
3604.100 |
3523.800 |
|
|
|
Components & Spares Parts |
|
3.800 |
5.600 |
|
|
|
Capital Goods |
|
119.700 |
925.000 |
|
|
|
Other Materials (including EPC contract materials) |
|
5961.700 |
25232.800 |
|
|
TOTAL IMPORTS |
NA
|
9689.300 |
29687.200 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
58.31 |
60.38 |
76.03 |
|
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Current Maturities of Long term debt |
NA |
7830.900 |
11627.200 |
|
Cash generated from operations |
NA |
44115.500 |
26359.200 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Net Profit Margin (PAT/Sales) |
(%) |
14.55 |
13.98 |
13.96 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
33.44 |
27.61 |
20.92 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.38 |
5.11 |
6.45 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.07 |
0.08 |
0.11 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.74 |
0.70 |
0.57 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.37 |
1.31 |
1.35 |
STOCK
PRICES
|
Face Value |
Rs. 10.00/- |
|
|
|
|
Market Value |
Rs. 357.95/- |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
2630.300 |
2625.800 |
2630.300 |
|
Reserves & Surplus |
199726.200 |
210297.900 |
209243.700 |
|
Net
worth |
202356.500 |
212923.700 |
211874.000 |
|
|
|
|
|
|
Long-term borrowings |
38810.400 |
67123.800 |
85463.200 |
|
Short term borrowings |
64072.900 |
73461.000 |
70580.200 |
|
Total
borrowings |
102883.300 |
140584.800 |
156043.400 |
|
Debt/Equity ratio |
0.508 |
0.660 |
0.736 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
143220.300 |
113569.300 |
105355.600 |
|
|
|
(20.703) |
(7.232) |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
143220.300 |
113569.300 |
105355.600 |
|
Profit |
19995.200 |
15879.400 |
15333.900 |
|
|
13.96% |
13.98% |
14.55% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
Yes |
|
32 |
Litigations that the firm/promoter involved
in |
Yes |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
LITIGATION
DETAILS
|
HIGH COURT OF BOMBAY |
|||||||
|
CASE DETAILS |
|||||||
|
BENCH:- BOMBAY |
|||||||
|
PRESENTATION DATE:- 12.02.2015 |
|||||||
|
LODGING NO:- ITXAL/146/2015 |
FILING DATE:- 12.02.2015 |
|
|
||||
|
PETITIONER:- |
THE COMMISSIONER OF INCOME TAX |
RESPONDENT:- |
RELIANCE INFRASTRUCTURE LIMITED |
||||
|
PETN.ADV:- |
PRAKASH CHANDRA CHHOTARAY (I3415) |
RESP. ADV.: |
RAJESH SHAH AND CO. (0) |
||||
|
DISTRICT:- |
MUMBAI |
||||||
|
|
|||||||
|
BENCH:- |
DIVISION |
|
|
||||
|
STATUS:- |
PRE-ADMISSION |
CATEGORY:- |
TAX APPEALS |
||||
|
LAST DATE:- |
20.02.2015 |
STAGE:- |
-- |
||||
|
LAST CORAM:- |
REGISTRAR(OS)/PROTHONOTARY & SR. MASTER |
||||||
|
|
|
||||||
|
ACT:- |
Income Tax Act, 1961 |
UNDER SECTION:- 260A |
|||||
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10567886 |
05/05/2015 |
4,550,000,000.00 |
IDBI TRUSTEESHIP
SERVICES LIMITED |
ASIAN BUILDING, GROUND
FLOOR, 17, KAMANI MARG, BALLARD ESTATE, MUMBAI, MAHARASHTRA - 400001, INDIA |
C52745056 |
|
2 |
10556184 |
18/03/2015 |
7,900,000,000.00 |
AXIS TRUSTEE
SERVICES LIMITED |
2ND FLOOR,AXIS
HOUSE,BOMBAY DYEING MILLS COMPOUND, |
C47324827 |
|
3 |
10554080 |
23/01/2015 |
19,605,000,000.00 |
SBICAP TRUSTEE
COMPANY LIMITED |
202, MAKER TOWER
'E', CUFFE PARADE, MUMBAI, MAHAR |
C46150827 |
|
4 |
10523515 |
11/09/2014 |
6,680,000,000.00 |
IDBI TRUSTEESHIP
SERVICES LIMITED |
ASIAN BLDG.,
GROUND FLOOR, 17, R.KAMANI MARG,, BALLARD ESTATE,, MUMBAI, MAHARASHTRA -
400001, INDIA |
C25175183 |
|
5 |
10518493 |
15/01/2015 * |
7,711,800,000.00 |
POWER FINANCE
CORPORATION LIMITED |
'URJANIDHI',
1,BARAKHAMBA LANE, CONNAUGHT PLACE, NEW DELHI, DELHI - 110001, INDIA |
C51085959 |
|
6 |
10518438 |
28/10/2014 * |
19,750,000,000.00 |
IDBI TRUSTEESHIP
SERVICES LIMITED |
ASIAN BUILDING, R KAMANI
MARG, BALLARD ESTATE, MUMBAI, MAHARASHTRA - 400001, INDIA |
C33731530 |
|
7 |
10509605 |
25/08/2014 * |
7,500,000,000.00 |
IDBI TRUSTEESHIP
SERVICES LIMITED |
ASIAN BLDG.,
GROUND FLOOR, 17, R.KAMANI MARG, BALLARD ESTATE, MUMBAI, MAHARASHTRA - 400001,
INDIA |
C33061912 |
|
8 |
10504564 |
27/05/2014 |
890,000,000.00 |
AXIS BANK LIMITED |
AXIS HOUSE, GROUND
FLOOR, WADIA INTERNATIONAL CENTRE, WORLI,, MUMBAI, MAHARASHTRA - 400025,
INDIA |
C07664212 |
|
9 |
10493583 |
10/04/2014 * |
6,500,000,000.00 |
AXIS TRUSTEE
SERVICES LIMITED |
AXIS HOUSE, 2ND
FLR, BOMBAY DYEING MILLS COMPOUND, PANDURANG BUDHKAR MARG, WORLI, MUMBAI,
MAHARASHTRA - 400025, INDIA |
C06497945 |
|
10 |
10512998 |
10/04/2014 * |
1,250,000,000.00 |
AXIS TRUSTEE
SERVICES LIMITED |
AXIS HOUSE, 2ND
FLR, BOMBAY DYEING MILLS COMPOUND, PANDURANG BUDHKAR MARG, WORLI, MUMBAI,
MAHARAS |
C21404801 |
|
11 |
10504119 |
03/06/2014 * |
2,000,000,000.00 |
PTC INDIA
FINANCIAL SERVICES LIMITED |
2ND FLOOR NBCC TOWER
15 BHIKAJI CAMA PLACE, NEW DELHI, DELHI - 110066, INDIA |
C09394198 |
|
12 |
10485237 |
21/03/2014 |
5,000,000,000.00 |
IDBI TRUSTEESHIP
SERVICES LIMITED |
ASIAN BUILDING,
17, R. KAMANI MARG, BALLARD ESTATE, MUMBAI, MAHARASHTRA - 400001, INDIA |
C00457739 |
|
13 |
10472305 |
27/12/2013 |
2,500,000,000.00 |
IDBI TRUSTEESHIP
SERVICES LIMITED |
ASIAN BUILDING,
17, R. KAMANI MARG, BALLARD ESTATE, MUMBAI, MAHARASHTRA - 400001, INDIA |
B94140068 |
|
14 |
10448288 |
06/09/2013 |
5,000,000,000.00 |
IDBI TRUSTEESHIP
SERVICES LIMITED |
ASIAN BUILDING,
GROUND FLOOR,, 17, R KAMANI MARG, BALLARD ESTATE, MUMBAI, MAHARASHTRA -
400001, INDIA |
B84208263 |
|
15 |
10406102 |
01/02/2013 |
2,500,000,000.00 |
BANK OF
MAHARASHTRA |
LJ ROAD MAHIM BRANCH,
MANGEERISH SOCIETY, MAHIM (W), MUMBAI, MAHARASHTRA - 400016, INDIA |
B68565100 |
|
16 |
10382302 |
28/09/2012 |
7,000,000,000.00 |
IDBI TRUSTEESHIP
SERVICES LIMITED |
ASIAN BUILDING.,
GROUND FLOOR, 17, R.KAMANI MARG, |
B60385192 |
|
17 |
10369278 |
17/07/2012 |
116,000,000,000.00 |
SBICAP TRUSTEE
COMPANY LIMITED |
202, MAKER TOWER,
'E', CUFFE PARADE, COLABA,, MUMBAI, MAHARASHTRA - 400005, INDIA |
B45178902 |
|
18 |
10364616 |
14/06/2012 |
3,500,000,000.00 |
CENTRAL BANK OF
INDIA |
BALLARD ESTATE,
MARSHALL BUILDING, S.V. MARG, MUMBAI, MAHARASHTRA - 400001, INDIA |
B43241892 |
|
19 |
10353278 |
07/05/2012 |
10,000,000,000.00 |
IDBI TRUSTEESHIP
SERVICES LIMITED |
ASIAN BLDG.,
GROUND FLOOR, 17, R.KAMANI MARG, BALLARD ESTATE, MUMBAI, MAHARASHTRA -
400001, INDIA |
B38744165 |
|
20 |
10351900 |
30/03/2012 |
3,000,000,000.00 |
CENTRAL BANK OF
INDIA |
MARSHALL BUILDING,
SOORJI VALLABHDAS MARG, MUMBAI, MAHARASHTRA - 400038, INDIA |
B38282950 |
|
21 |
10156864 |
14/05/2009 |
8,500,000,000.00 |
IDBI TRUSTEESHIP
SERVICES LIMITED |
ASIAN BLDG.,
GROUND FLOOR, 17, R.KAMANI MARG, BALLARD ESTATE, MUMBAI- 400 001., MAHARASHTRA
- 400001, INDIA |
A61986493 |
* Date of charge modification
UNSECURED LOANS
|
PARTICULARS |
31.03.2015 (Rs.
In Million) |
31.03.2014 (Rs.
In Million) |
|
LONG TERM
BORROWINGS |
|
|
|
External Commercial Borrowings in foreign currency |
NA |
8987.300 |
|
SHORT TERM
BORROWINGS |
|
|
|
Term Loans from banks |
NA |
7720.000 |
|
Buyers' Credit - in foreign currency from banks |
NA |
8564.700 |
|
Commercial Paper |
NA |
6000.000 |
|
Inter Corporate Deposits received |
|
|
|
- from Related Parties |
NA |
1750.000 |
|
- from Others |
NA |
0.000 |
|
|
|
|
|
Total |
NA |
33022.000 |
FIXED ASSETS
Tangible Assets
· Freehold Land
Leasehold
Land
Buildings
Plant
and Equipment
Distribution
Systems
Railway
Siding
Furniture
and Fixtures
Vehicles
Office
Equipment
Computers
Electrical
Installations
Intangible Assets
· Computer Software
Toll
Collection Rights
Container
Trains Licence Fee
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. 63.62 |
|
|
1 |
Rs. 99.89 |
|
Euro |
1 |
Rs. 70.77 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
GTA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
7 |
|
OPERATING SCALE |
1~10 |
8 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
8 |
|
--PROFITABILIRY |
1~10 |
8 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
7 |
|
--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 |
|
66 |
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.