MIRA INFORM REPORT
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Report No. : |
311217 |
|
Report Date : |
07.03.2015 |
IDENTIFICATION DETAILS
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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, Lodhi Road, New Delhi – 110003 |
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Country : |
India |
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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 Million |
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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
: |
25,013 (Approximately) |
RATING and COMMENTS
|
MIRA’s Rating : |
Aa (75) |
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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 2500000000 |
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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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
India |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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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 |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
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Rating |
Long term rating: “AAA” |
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Rating Explanation |
High degree of safety and carry lowest
credit risk. |
|
Date |
17.09.2014 |
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Rating Agency Name |
CRISIL |
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Rating |
Short term rating: “A1+” |
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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, Dist. Ghaziabad - 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- Dist. Patna, Bihar, Uttar Pradesh, India · Farakka Super Thermal Power Station – Dist. Murshidabad, West Bengal, India · Kahalgaon Super Thermal Power Project- Dist. 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 31.03.2014
|
Name : |
G J Deshpande |
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Designation : |
Executive Director |
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Name : |
A K 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 : |
V K Gupta |
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Designation : |
Executive Director |
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Name : |
Arvind Kumar |
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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 : |
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 : |
Janardan Kar |
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Designation : |
Executive Director |
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Name : |
Vinod Sharma |
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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 |
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Designation : |
Executive Director |
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Name : |
Y V Rao |
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Designation : |
Executive Director |
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Name : |
Thomas Joseph |
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Designation : |
Executive Director |
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Name : |
Anil Gupta |
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Designation : |
Executive Director |
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Name : |
G K Sadhu |
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Designation : |
Executive Director |
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Name : |
R K Srivastava |
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Designation : |
Executive Director |
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Name : |
K S Garbyal |
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Designation : |
Executive Director |
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Name : |
A K Gupta |
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Designation : |
Executive Director |
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Name : |
Ajit Kumar |
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Designation : |
Executive Director |
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Name : |
G Ravindra |
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Designation : |
Executive Director |
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Name : |
Sudhir Arya |
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Designation : |
Executive Director |
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Name : |
H K Sandhir |
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Designation : |
Executive Director |
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Name : |
V B Fadnavis |
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Designation : |
Executive Director |
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Name : |
A K Rastogi |
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Designation : |
Executive Director |
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Name : |
Anuttam Chaudhuri |
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Designation : |
Executive Director |
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Name : |
P R Dahake |
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Designation : |
Executive Director |
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Name : |
D K Sood |
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Designation : |
Executive Director |
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Name : |
S K Roy |
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Designation : |
Executive Director |
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Name : |
S Ghosh |
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Designation : |
Executive Director |
KEY EXECUTIVES
|
Name : |
Mr. A. K. Rastogi |
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Designation : |
Company Secretary |
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General Managers : |
· Dinesh Agrawal · N Kannan · V K C Mohan · C S Gupta · D Saha · S K Dave · S K Singh · S S Sen- On Lien to WBPDC · Shashi Ranjan · P Ramesh · A K Halder- On Deputation to DTL · R S Rathee · Janhvi Shanker · P K Mohapatra · A Upendra Rao- On Deputation to Power Finance Coal Co. Limited · C P Malik · P B Behere · G C Mishra · Sankar Bandyopadhyay · P S Radhakrishnan · I K Rajdeva · P S Rao · S K Jain · Ramkrishna Pal · S K Patnaik · A K Sinha · Arun Kumar Sinha · Devashis Basu · N K Kothari · Pramod Kumar · V Thangapandian · A K Bhatnagar · R R Shrivastava · R K Jain · D S Manki · Ramanuj Mishra · Dileep Mathur · K R C Murty · S k Reddy · Harbans Singh · D K Dubey · A K Atrea · S P Singh · K Sreedhar · K V Adivarahan · A K Gupta · Revti Raman · M P Sinha · Prakash Tiwari · A K Bansal · Manoj Saxena · Ms Gitika Shiv · D Sarkar · T R Datta · Ms. Arundhati Bhattacharya · P K Bondriya · A K Samanta · Balaji Iyengar · Vipan Kumar · A K Sinha · Kuldeep Bhargava · B P Parida · Jagdish Roy · S B Mallick · Pravin Chaturvedi · Shankar Das · S Arumugam · P N Pavan Kumar · Raj Kumar · N N Mishra · S K Sinha · J V Nageshwara Rao · Birendra Kumar · Siva Rama Krishna M · Md Ansar Ali Shekh · Santosh James · S K Agnihotri · Dinesh Kumar · B B Tripathy · Harsh Kumar · Lal Upendra · Nataraj Saha · Pramathesh Purkayastha · Ram Das · Binay Kumar · S S Isser · Sundararajan T S · P K Upadhyaya · B K Rath · R K Batra · Bhupinder Magan · A K Nanda · Utpal Chakrabarti · S C Chavady · M K Singh · A K Juneja · P C Rai · R Bhaskar Rao · P K Chakraborty · Dinesh Chandra · Anand Khalatkar · C Vasant Rao · Suparakash Mukherjee · B Pujar Ramesh · T N Srivastava · R K Nagar · Alok Shrivastava · Parimi Sreenivas · Muralidhar Mishra · N C Gurung · P P Kulkarni · Ujjwal Banerjee · Rajnish Bhagat · Dinkar Devate · Parthapratim Sengupta · R K Choudhary · Ram Kuber · C V Anand · Debojyoti Nandi · S M Chauthaiwale · R K Singh · Ms. Sangeeta Bhatia · Debashis Sen · Manoj Mathur · Anandaraj Chidambaram · Guryog Singh · D C Gupta · Chandramani Naik · K R Babu · K K Kannojia · R K Bagchi · N J Jadhav · Rajeev Agarwal · K D Rajendran · G K Bhowmick · Mohinder Singh · P K Mondal · Radhakrishnan R M · A N Goyal · S C Venkateswaran · S K Bhowmick · J S Ansari · N K Sinha · Sudarsan Chakrabarti · Sanjeev Kishore · N K Lal Das · Biswajit Kanungo · U K Dasgupta · Alok Patra · Pradeep Jain · Shuddhasattwa Sarkar · Laxmidhar Sahoo · T K Seal · M Chandrasekaran · Ramkumar H Krishnaswamy · G Venu · Pradeep Kumar · V M Prasad · Sunil Jumde · Biswarup Basu · N N Rai · A K Mukherjee · Sanjay Madan · Surinder Raina · A N Mishra · N K Sinha · Madhukar Anand · M S D Bhattamishra · A K Tiwary · C K Mondol · Chandan Chakraborty · K P Gupta · Vinod Choudhary · Sreekant Kandikuppa · P P Francis · Alind Rastogi – IFS officer on Deputation |
SHAREHOLDING PATTERN
As on 31.12.2014
|
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 |
|
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Total
shareholding of Promoter and Promoter Group (A) |
6180614980 |
74.96 |
|
(B)
Public Shareholding |
|
|
|
|
|
|
|
|
51387036 |
0.62 |
|
|
884978914 |
10.73 |
|
|
60880705 |
0.74 |
|
|
859230613 |
10.42 |
|
|
1856477268 |
22.52 |
|
|
|
|
|
|
26666961 |
0.32 |
|
|
|
|
|
Individual shareholders
holding nominal share capital up to Rs.0.100 Million |
151366733 |
1.84 |
|
Individual shareholders
holding nominal share capital in excess of Rs.0.100 Million |
17262646 |
0.21 |
|
|
13075812 |
0.16 |
|
|
5119119 |
0.06 |
|
|
6381255 |
0.08 |
|
|
1500 |
0.00 |
|
|
2690 |
0.00 |
|
|
22230 |
0.00 |
|
|
1549018 |
0.02 |
|
|
208372152 |
2.53 |
|
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 |
|
|
0 |
0.00 |
|
Total
(A)+(B)+(C) |
8245464400 |
0.00 |
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. |
|
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Products/ Services : |
· Generation of Electricity · Consultancy Services ·
Management of Power Stations |
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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 : |
Not Divulged |
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Purchasing : |
Not Divulged |
GENERAL INFORMATION
|
Suppliers : |
Not Divulged |
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Customers : |
Not Divulged |
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No. of Employees : |
25,013 (Approximately) |
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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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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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|
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 |
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Subsidiaries : |
· NTPC Electric Supply Company Limited · NTPC Vidyut Vyapar Nigam Limited · Kanti Bijlee Utpadan Nigam Limited · Bhartiya Rail Bijlee Company Limited |
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Joint Venture : |
· Utility Powertech Limited · NTPC-Alstom Power Services Private Limited · BF-NTPC Energy Systems Limited · National Power Exchange 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 Million |
|
|
|
|
|
Issued, Subscribed and Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
8245464400 |
Equity Shares |
Rs.10/- each |
Rs. 82454.600 Million |
|
|
|
|
|
· During the year, the Company has not issued or bought back any shares.
· The Company has only one class of equity shares having a par value Rs.10/- per share. The holders of the equity shares are entitled to receive dividends as declared from time to time and are entitled to voting rights proportionate to their shareholding at the meetings of shareholders.
· During the year ended 31st March 2014, the amount of per share dividend recognised as distribution to equity shareholders is Rs.5.75 (previous year Rs.4.50 and special dividend of Rs.1.25).
· Details of shareholders holding more than 5% shares in the Company:
|
Name of
Shareholder |
Number
of Shares |
% holding |
|
- President of India |
618,40,98,300 |
75.00 |
|
- Life Insurance Corporation of India |
70,67,78,072 |
8.57 |
FINANCIAL DATA
[all figures are
in Rupees Million]
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 |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
718658.600 |
626874.200 |
450444.700 |
|
(ii)
Intangible Assets |
2449.700 |
2486.800 |
2118.900 |
|
(iii) Capital
work-in-progress |
448867.400 |
371094.200 |
418278.200 |
|
(iv)
Intangible assets under development |
19.300 |
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 & other expenses |
45438.500 |
42112.200 |
35887.900 |
|
|
|
|
Prior period items (net) |
128.400 |
(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 |
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 |
3465.000 |
3465.000 |
3250.000 |
||
|
|
|
|
|
|
||
|
|
APPROPRIATIONS |
|
|
|
||
|
|
|
Transfer to Bonds Redemption Reserve |
5760.800 |
4927.900 |
4823.800 |
|
|
|
|
Transfer to Capital Reserve |
49.800 |
9.700 |
4.400 |
|
|
|
|
Transfer to General Reserve |
50000.000 |
65000.000 |
52000.000 |
|
|
|
|
Dividend - Interim |
32981.900 |
30920.700 |
28859.200 |
|
|
|
|
- Final (Proposed) |
14429.600 |
16490.900 |
4122.700 |
|
|
|
|
Tax on Dividend - Interim |
5605.300 |
5016.100 |
4650.900 |
|
|
|
|
- Final Dividend |
2442.100 |
2802.600 |
628.300 |
|
|
|
BALANCE CARRIED
TO THE B/S |
7155.300 |
5212.400 |
721.400 |
||
|
|
|
|
|
|
||
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
||
|
|
|
Professional and Consultancy fee |
30.800 |
21.500 |
24.800 |
|
|
|
|
Other Earnings |
0.500 |
1.000 |
2.800 |
|
|
|
TOTAL EARNINGS |
31.300 |
22.500 |
27.600 |
||
|
|
|
|
|
|
||
|
|
IMPORTS |
|
|
|
||
|
|
|
Capital Goods |
24721.400 |
10090.500 |
8803.400 |
|
|
|
|
Spare Parts |
1154.600 |
1244.400 |
1900.900 |
|
|
|
TOTAL IMPORTS |
25876.000 |
11334.900 |
10704.300 |
||
|
|
|
|
|
|
||
|
|
Earnings /
(Loss) Per Share (Rs.) |
13.31 |
15.30 |
11.19 |
||
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin PAT / Sales |
(%) |
15.24 |
19.22 |
14.86 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
28.40 |
33.35 |
27.12 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets) |
(%) |
10.99 |
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 Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
Rs.
In Million |
Rs.
In Million |
Rs.
In Million |
|
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 Million |
Rs.
In Million |
Rs.
In Million |
|
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 Million |
Rs.
In Million |
Rs.
In Million |
|
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
|
$~52 * IN THE HIGH COURT OF DELHI AT NEW DELHI + W.P.(C) 1514/2015, CM APPL. 2701/2015 M/S. BUDHRAJA MINING AND CONSTRUCTIONS LTD. AND ANR. ..... Petitioner Through Mr Yashobant Das, Sr. Adv. Ms Bhabna Das, Mr Santosh Kumar and Mr Arunav Patnak, Advs. versus NTPC LTD. ..... Respondent Through None. CORAM: HON'BLE MR. JUSTICE BADAR DURREZ AHMED HON'BLE MR. JUSTICE SANJEEV SACHDEVA O R D E R % 18.02.2015 CM APPL. 2702/2015 Exemption is allowed subject to all just exceptions. W.P.(C) 1514 AND CM APPL. 2701/2015 Issue notice, returnable on 03.03.2015. Any steps taken by the respondent in the subject tender shall be
subject to the final orders which shall be passed in this writ petition. Dasti under signatures of court master. BADAR DURREZ AHMED, J FEBRUARY 18, 2015 SANJEEV SACHDEVA, J GB |
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 |
31.03.2014 Rs.
In Million |
31.03.2013 Rs.
In Million |
|
LONG TERM
BORROWINGS |
|
|
|
Foreign Currency
notes |
|
|
|
4.75% Fixed rate notes due for repayment on 3rd October 2022 |
30305.000 |
27455.000 |
|
Foreign Currency 5.625 % Fixed rate noted due for repayment on 14th July
2021 |
30305.000 |
27455.000 |
|
Foreign Currency 5.875 % Fixed rate notes due for repayment on 2nd March
2016 |
18183.000 |
16473.000 |
|
Term Loan - From
Banks |
|
|
|
Foreign Currency Loans |
62908.000 |
47667.000 |
|
Rupee Loans |
188763.200 |
138849.000 |
|
From Others |
|
|
|
Foreign Currency loan (guaranteed by GOI) |
24560.300 |
26040.900 |
|
Other foreign currency loans |
20268.800 |
18645.500 |
|
Rupee loans |
125030.400 |
130905.500 |
|
Deposits Fixed Deposits |
0.900 |
5.200 |
|
Bonds application money pending allotment |
0.000 |
2000.000 |
|
Long term maturities of finance lease obligations |
622.900 |
0.000 |
|
|
|
|
|
Total |
500947.500 |
435496.100 |
UNAUDITED FINANCIAL RESULTS FOR QUARTER AND NINE MONTHS ENDED
31.12.2014
(Rs. In Million)
|
Particulars |
Quarter Ended |
Nine Months Ended |
|
|
|
31.12.2014 |
30.09.2014 |
31.12.2014 |
|
|
UNAUDITED |
||
|
1.
Income from operations |
|
|
|
|
a) Net sales/ Income from operation (net of excise duty) |
187389.800 |
165823.600 |
534078.100 |
|
b) Other operating income |
1191.100 |
1542.700 |
5236.600 |
|
Total
income from Operations(net) |
188580.900 |
167366.300 |
53314.7000 |
|
2.Expenditure |
|
|
|
|
a) Fuel cost |
121196.300 |
114393.300 |
363240.900 |
|
b) Employees benefit expenses |
9013.600 |
9180.100 |
27377.800 |
|
c) Depreciation and amortization expenses |
12534.100 |
11515.800 |
35204.600 |
|
d) Other expenditure |
11773.800 |
11369.600 |
34330.900 |
|
Total expenses |
154517.800 |
146458.800 |
460154.200 |
|
3. Profit from operations before other income and
financial costs |
34063.100 |
20907.500 |
79160.500 |
|
4. Other income |
4812.800 |
5306.900 |
15445.300 |
|
5. Profit from ordinary activities before finance costs |
38875.900 |
26214.400 |
94605.800 |
|
6. Finance costs |
7008.100 |
6674.100 |
20351.300 |
|
7. Net profit/(loss) from ordinary activities
after finance costs but before exceptional items |
31867.800 |
19540.300 |
74244.500 |
|
8. Exceptional item |
-- |
-- |
-- |
|
9. Profit from ordinary activities before tax
Expense: |
31867.800 |
19540.300 |
74244.500 |
|
10.Tax expenses |
1127.800 |
(1176.000) |
776.200 |
|
11.Net Profit
/ (Loss) from ordinary activities after tax (9-10) |
30740.000 |
20716.300 |
73468.300 |
|
12.Extraordinary Items (net of tax expense) |
-- |
-- |
-- |
|
13.Net Profit / (Loss) for the period (11 -12) |
30740.000 |
20716.300 |
73468.300 |
|
14.Paid-up equity share capital (Nominal value Rs.10/- per share) |
82454.600 |
82454.600 |
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 annualized): |
|
|
|
|
(a) Basic and diluted |
3.73 |
2.51 |
8.91 |
|
|
|||
|
A. Particulars of shareholding |
|
|
|
|
1. Public Shareholding |
|
|
|
|
- Number of shares |
2064849420 |
2064849420 |
2064849420 |
|
- Percentage of shareholding |
25.04 |
25.04 |
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 |
6180614980 |
6180614980 |
|
Percentage of shares (as a % of total shareholding of the
promoter and promoter group) |
100.00 |
100.00 |
100.00 |
|
Percentage of shares (as a % of total share capital of the
company) |
74.96 |
74.96 |
74.96 |
|
|
|
|
|
|
|
|||
|
B.
Investor Complaints |
|
|
|
|
Pending at the beginning of the quarter |
1 |
|
|
|
Receiving during the quarter |
1156 |
|
|
|
Disposed of during the quarter |
1156 |
|
|
|
Remaining unreserved at the end of the quarter |
1 |
|
|
UNAUDITED SEGMENT WIE
REVENUE, RESULTS AND CAPITAL EMPLOYED
(Rs. In
Million)
|
Particulars |
Quarter
Ended |
Nine
Months Ended |
|
|
|
30.09.2014 |
31.12.2014 |
30.09.2014 |
|
|
UNAUDITED
|
||
|
1.
Segment Revenue |
|
|
|
|
a. Generation |
188850.100 |
167828.700 |
540288.500 |
|
b. Others |
301.800 |
228.600 |
800.300 |
|
Total |
189151.900 |
168057.300 |
541088.800 |
|
|
|
|
|
|
2.
Segment Result (Profit
before Interest and Tax) |
|
|
|
|
a. Generation |
36846.800 |
24240.500 |
88041.100 |
|
b. Others |
(129.900) |
36.700 |
(104.900) |
|
Total |
36716.900 |
24277.200 |
87936.200 |
|
|
|
|
|
|
Less
: (i) Interest |
7008.100 |
6674.100 |
20361.300 |
|
(ii) Other un-allocable
expenditure net off un-allocable income. |
(2159.000) |
(1937.200) |
(6669.600) |
|
Profit
before Tax |
31867.800 |
19540.300 |
74244.500 |
|
3.
Capital Employed |
|
|
|
|
a. Generation |
858212.200 |
786188.900 |
858212.200 |
|
b. Others |
4992.400 |
4707.200 |
4992.400 |
|
c. Un-allocable |
68361.900 |
109930.500 |
68361.900 |
|
|
|
|
|
|
TOTAL |
931566.500 |
900826.600 |
931566.500 |
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 January 30, 2015.
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.
1st April 2014 for all the stations, beneficiaries are billed In accordance
with the tariff approved and applicable as on 31st March 2014 as provided in
the Regulations 2014. The amount provisionally billed for the quarter and
nine-months ended 31st December 2014 is Rs. 18,89,572 lakh and Rs. 54,87,611
lakh respectively (corresponding previous quarter and nine-months Rs. 17,87,233
lakh and Rs. 49,22,890 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 the CERC and
disposal of the petition, sales have been provisionally recognised at Rs.
18,56,997 lakh for the quarter and Rs. 54,20,032 lakh for the nine-months ended
31st December 2014 (corresponding previous quarter and nine-months Rs.
17,89,173 lakh and Rs. 49,28,495 lakh) on the basis of said Regulations.
c. Sales include Rs. 12,082 lakh for the quarter and Rs. 44,099 lakh for the
nine-months ended 31st December 2014 (corresponding previous quarter and nine-months
Rs. 63,955 lakh and Rs. 95,780 lakh) pertaining to previous years recognized
based on the orders issued by the CERC / Appellate Tribunal for Electricity.
Sales also include (-) Rs. 1,019 lakh for the quarter and (-) Rs. 1,39,942 lakh
for the nine-months ended 31st December 2014 (corresponding previous quarter
and nine-months Rs. 19,855 and Rs. 27,965 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 and Rs. 8,856 lakh for the
nine-months ended 31st December 2014 (corresponding previous quarter and
nine-months Rs. 1,892 lakh and Rs. 5,676 lakh) on account of deferred tax
materialized which is recoverable from beneficiaries as per Regulations, 2014.
3.
In line with the accounting policy on
advance against depreciation, excess of depreciation charged in the books over
the depreciation recovered in tariff, amounting to Rs. 20,832 lakh upto 31st
March 2014 has been recognised as prior period sales and netted from 'Other
expenses'.
4.
Provision for current tax for the
quarter and nine-months includes tax related to earlier years amounting to (-)
Rs. 66,360 lakh and (-) Rs. 1,95,253 lakh respectively (corresponding previous
quarter and nine-months Rs. 19,879 lakh).
5.
Regulations, 2014 provides recovery of
income tax from the beneficiaries by grossing up of the return on equity based
on effective tax rate for the financial year i.e. based on the actual tax paid
during the year on the generation income. Accordingly, deferred tax provided
during the quarter and nine-months ended 31st December 2014 on the generation
income is accounted as 'Deferred tax recoverable' as the same will be recovered
from the beneficiaries in future years.
6.
Government of India has promulgated
Coal Mines (Special Provisions) Ordinance, 2014 (Ordinance) on 21st October
2014 wherein five coal blocks allotted to the Company have been cancelled. As
per Section 5 of the said Ordinance, the cancelled coal blocks may be allotted
to a Government Company subject to fulfillment of certain conditions. The
Nominated Authority of the Ministry of Coal, vide order dated 18th December
2014 has earmarked 36 coal blocks for 'Allotment' under Section 5(1) of
Ordinance. The five coal blocks of the Company are appearing in this list. The
Company expects the allotment of the cancelled coal blocks in its favour.
Accordingly, the Company considers the expenditure incurred on these coal
blocks as good.
7.
The Company has revised the accounting
policy for depreciation of certain assets in alignment with Schedule-ll to the
Companies Act, 2013 which has become applicable from 1st April 2014.
Consequently, profit for the quarter and nine-months ended 31st December 2014
is lower by Rs. 319 lakh & Rs. 1,145 lakh respectively and fixed assets as
at 31st December 2014 are lower by Rs. 1,692 lakh. Further, an amount of Rs.
547 lakh has been adjusted with the opening balance of the retained earnings
where the remaining useful life of such assets is Nil as at 1st April 2014 in line
with the provisions of Schedule- II to the Companies Act, 2013.
8.
The Board of Directors has recommended
interim dividend of Rs. 0.75 per equity share (face value Rs. 10/- each) for
the financial year 2014-15 in their meeting held on 30th January 2015.
9.
During the quarter, one thermal unit of
660 MW at Barh w.e.f. 15th November 2014 and solar PV power station of 15 MW at
Singrauli w.e.f. 31st December 2014 have been declared commercial.
10.
The above financial results have been
reviewed by the Statutory Auditors as required under Clause 41 of the Listing
Agreements.
11.
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
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.61.85 |
|
|
1 |
Rs.94.96 |
|
Euro |
1 |
Rs.69.10 |
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 |
|
--PROFITABILITY |
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.