MIRA INFORM REPORT
|
Report No. : |
343035 |
|
Report Date : |
30.09.2015 |
IDENTIFICATION DETAILS
|
Name : |
NHPC LIMITED |
|
|
|
|
Registered
Office : |
NHPC Office Complex, Sector – 33, Faridabad – 121003, Haryana |
|
Mob. No.: |
91-9560102872 (Mr. Jds Pathania) |
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|
|
|
Country : |
India |
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|
|
Financials (as
on) : |
31.03.2015 |
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|
|
|
Date of
Incorporation : |
07.11.1975 |
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|
|
|
Com. Reg. No.: |
05-032564 |
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|
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|
Capital
Investment / Paid-up Capital : |
Rs. 110706.700 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
L40101HR1975GOI032564 |
|
|
|
|
IEC No.: |
Not Available |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
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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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|
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|
Line of Business
: |
Subject is engaged in Construction and Operation of Hydro Electric Power Projects |
|
|
|
|
No. of Employees
: |
9211 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Aa (82) |
|
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 |
|
Maximum Credit Limit : |
USD 808200000 |
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|
|
|
Status : |
Excellent |
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|
|
|
Payment Behaviour : |
Slow but correct |
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|
|
|
Litigation : |
Exist |
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|
Comments : |
NHPC Limited, a ‘Miniratna’ and Government of India enterprise, was
incorporated in 1975 with an objective to plan, promote and organize an
integrated and efficient development of hydroelectric power in the country. It
has established position as India’s largest hydro power producer with
geographical diversity of sales and healthy operational efficiency of its
power stations. The rating takes into consideration strong financial risk profile
marked by strong earnings, comfortable capital structure, healthy liquidity
position and healthy net cash accruals. Overall fundamental of the company is
sound and healthy. Trade relations are reported to be decent. Business is active. Payment
terms are reported to be slow but correct. In view of established market position in hydro power, the company can
be considered for normal business dealings at usual trade terms and
condition. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Outstanding long term bonds = Aaa |
|
Rating Explanation |
Have highest degree of safety and carry lowest credit risk |
|
Date |
31.08.2015 |
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
31-03-2015.
INFORMATION DECLINED BY
|
Name : |
Mr. JDS Pathania |
|
Designation : |
Finance Manager |
|
Contact No.: |
91-9560102872 |
|
Date : |
28.09.2015 |
LOCATIONS
|
Registered Office : |
NHPC Office Complex, Sector - 33, Faridabad - 121003, Haryana, India |
|
Tel. No.: |
91-129-2278421 / 2277752 / 2511968/ 2588500/ 2588110 |
|
Mobile No.: |
91-9560102872 (Mr. JDS Pathania) |
|
Fax No.: |
91-129-2277941 |
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E-Mail : |
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Website : |
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|
2, Pragati Bhawan, |
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|
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|
NHPC Plants : |
· Post Office Surangani, District Chamba – 176317, Himachal Pradesh, India · Post Office Loktak, Komkeirap - 795124, Manipur, India · Post Office Jyotipuram, Via Reasi, District Reasi, Jammu- 182312, Jammu and Kashmir, India · Post Office T.P.S. Campus, Banbassa, District Champawat – 262310, Uttarakhand, India · Khairi, District. Chamba – 176325, Himachal Pradesh, India · Gingle, Post Office Mohra, District Baramulla, Jammu - 193122, Jammu and Kashmir, India · Post Office Rangit Nagar - 737111, South Sikkim, India · Post Office Karian, District Chamba –176310, Himachal Pradesh, India · Post Box No.1, Tapovan, Dharchula, District Pithoragarh - 262 545, Uttarakhand, India · Chenab Nagar, Sector-II, Kishtwar, District Kishtwar, Jammu – 182206, Jammu and Kashmir, India · Post Office Singtam - 737134, East Sikkim, India · Post Office Mashka, District Kathua Jammu - 737134, Jammu and Kashmir, India · Village Dharwala, PO – 9, District Chamba – 176311, Himachal Pradesh, India · Post Office Minji, Distt. Kargil (Ladakh), Jammu – 194103, Jammu and Kashmir, India · Rambi Bazar, Post Office Reang, District Darjeeling – 734321, West Bengal, India · Alchi, District Leh (Ladakh), Jammu – 194101, Jammu and Kashmir, India · NHPC Office cum residential complex, Nowpora, Uri, District Baramulla, Jammu – 193122, Jammu and Kashmir, India · Village Behali, Post Office Larji, District Kullu – 175122, Himachal Pradesh, India |
DIRECTORS
AS ON 31.03.2015
|
Name : |
Mr. R.S.T Sai |
|
Designation : |
Chairman and Managing Director |
|
Qualification : |
Mr. R.S.T Sai is an Electrical Engineering Graduate and has Management Diploma from IIM, Bangalore. He also holds Degree in law from Delhi University. |
|
Experience : |
34 years |
|
DIN No.: |
00171920 |
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|
|
|
Name : |
Mr. D.P. Bhargava |
|
Designation : |
Director (Technical) |
|
Date of Birth/Age : |
59 years |
|
Qualification : |
A bachelor’s degree in Electrical Engineering from the University of Roorkee |
|
Experience : |
36 years |
|
DIN No.: |
01277269 |
|
|
|
|
Name : |
Mr. Radheshyam Mina |
|
Designation : |
Director (Personnel) |
|
Date of Birth/Age : |
58 years |
|
Qualification : |
A bachelor’s degree in Electrical Engineering from Maulana Azad College of Technology, (now known as MANIT), Bhopal and MBA degree with specialization in financial and human resource management from the Indira Gandhi National Open University (IGNOU). |
|
Experience : |
34 years |
|
DIN No.: |
00149956 |
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|
|
|
Name : |
Mr. Jayant Kumar |
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Designation : |
Director (Finance) |
|
Date of Birth/Age : |
58 years |
|
DIN No.: |
03010235 |
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|
|
|
Name : |
Mr. Arun Kumar Verma |
|
Designation : |
Government Nominee Director |
|
Date of Birth/Age : |
55 years |
|
Qualification : |
Dr. A.K. Verma holds a Master’s degree in Physics, is an Associate of Indira Gandhi National Forest Academy (AIGNFA) from FRI and C, Dehradun and has done Ph.D. in Tribal Development Policy. Dr. Verma has also done Post Graduate Programme in Public Policy & Management (PGPPM) from Indian Institute of Management, Bangalore & Maxwell School of Citizenship and International Affairs, Syracuse University, USA. |
|
Experience : |
29 years |
|
DIN No.: |
02190047 |
|
|
|
|
Name : |
Mrs. Krishna Tyagi, |
|
Designation : |
Government Nominee Director |
|
Date of Birth/Age : |
55 years |
|
Qualification : |
MBA degree in Public Service with the main focus on public policy, from Birmingham University, United Kingdom and Post-graduation in Literature from University of Delhi. |
|
Experience : |
25 years |
|
DIN No.: |
07230978 |
|
|
|
|
Name : |
Mr. Ashoke Kumar Dutta |
|
Designation : |
Independent Director |
|
Date of Birth/Age : |
68 years |
|
Experience : |
40 years |
|
DIN No.: |
0045170 |
|
|
|
|
Name : |
Mr. Atul Kumar Garg |
|
Designation : |
Independent Director |
|
Date of Birth/Age : |
65 years |
|
Qualification : |
Post Graduate degree in Political science, Modern history and has also done his MBA from the University of Hull, UK. |
|
DIN No.: |
02281287 |
KEY EXECUTIVES
|
Name : |
Mr. Vijay Gupta |
|
Designation : |
Company Secretary |
|
|
|
|
Name : |
Mr. K. K. Goel |
|
Designation : |
Chief (Finance) |
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|
|
|
Name : |
Mr. JDS Pathania |
|
Designation : |
Finance Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.06.2015
|
Category of Shareholders |
No. of Shares |
Percentage of Holding |
|
|
|
|
|
|
9516209722 |
85.96 |
|
|
9516209722 |
85.96 |
|
|
|
|
|
Total shareholding of Promoter and Promoter
Group (A) |
9516209722 |
85.96 |
|
(B) Public Shareholding |
|
|
|
|
|
|
|
|
9620996 |
0.09 |
|
|
91383188 |
0.83 |
|
|
381060276 |
3.44 |
|
|
234379305 |
2.12 |
|
|
716443765 |
6.47 |
|
|
|
|
|
|
90593573 |
0.82 |
|
|
|
|
|
|
562333309 |
5.08 |
|
|
164892976 |
1.49 |
|
|
20195151 |
0.18 |
|
|
2706576 |
0.02 |
|
|
16147157 |
0.15 |
|
|
1341243 |
0.01 |
|
|
175 |
0.00 |
|
|
838015009 |
7.57 |
|
Total Public shareholding (B) |
1554458774 |
14.04 |
|
Total (A)+(B) |
11070668496 |
100.00 |
|
(C) Shares held by Custodians and against which
Depository Receipts have been issued |
|
|
|
|
0 |
0.00 |
|
|
0 |
0.00 |
|
|
0 |
0.00 |
|
Total (A)+(B)+(C) |
11070668496 |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in Construction and Operation of Hydro Electric Power Projects |
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Brand Names : |
-- |
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Agencies Held : |
-- |
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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 |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
9211 (Approximately) |
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Bankers : |
·
State Bank of India ·
Indian Overseas Bank ·
ICICI Bank Limited ·
Jammu and Kashmir Bank Limited ·
Bank of India ·
Axis Bank Limited ·
State Bank of Patiala ·
State Bank of Bikaner and Jaipur ·
HDFC Bank Limited ·
Indusind Bank ·
Bank of Baroda ·
Deutsche Bank · Bank of Bhutan |
||||||||||||||||||||||
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Facilities : |
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Banking
Relations : |
-- |
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Financial Intuition : |
· IDBI Trusteeship Services Limited Asian Building, Ground Floor, 17, R. Kamani Marg, Ballard Estate, Mumbai - 400001, Maharashtra, India |
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Statutory Auditors 1 : |
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|
Name : |
S. N. Nanda and Company Chartered Accountants |
|
Address : |
C-43, Pamposh Enclave, Greater Kailash-1, New Delhi - 110048, India |
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|
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|
Statutory Auditors 2 : |
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|
Name : |
S. N. Dhawan and Company Chartered Accountants |
|
Address : |
C-37, Connaught Place New Delhi - 110001, India |
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Statutory Auditors 3 : |
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|
Name : |
Gupta Gupta and Associates Chartered Accountants |
|
Address : |
142/3, Trikuta Nagar, Jammu Tawi, Jammu – 180012, Jammu and Kashmir, India |
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|
|
|
Statutory Auditors 4 : |
|
|
Name : |
Ray and Ray Chartered Accountants |
|
Address : |
Webel Bhawan, Ground Floor, Block EP and GP, Sector V, Bidhannagar, Salt Lake, Kolkata-700091, West Bengal, India |
|
|
|
|
Cost Auditors 1 : |
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|
Name : |
Bahadur Murao and Company Cost Accountants |
|
Address : |
Shop No. 25, DDA Market, ‘B’ Block, Preet Vihar, Delhi-110092, India |
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|
|
|
Cost Auditors 2 : |
|
|
Name : |
Ravi Sahni and Company Cost Accountants |
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Address : |
C-40, West Gorakh Park Extension, New Delhi-110032, India |
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Cost Auditors 3 : |
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|
Name : |
S.C. Mohanty and Associates Cost Accountants |
|
Address : |
511, Sahid Nagar, Bhubneshwar-751007, Orissa, India |
|
|
|
|
Cost Auditors 4 : |
|
|
Name : |
K.L. Jaisingh and Company Cost Accountants |
|
Address : |
J-7, Sector-XI, Jaisingh House, Noida-201301, Uttar Pradesh, India |
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|
|
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Cost Auditors 5 : |
|
|
Name : |
H. Tara and Company Cost Accountants |
|
Address : |
A-1-B/49-B,Paschim Vihar, New Delhi-110063, India |
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|
|
|
Cost Auditors 6 : |
|
|
Name : |
V. P. Gupta and Company Cost Accountants |
|
Address : |
B-25, Sector-23, Noida -201301, Uttar Pradesh, India |
|
|
|
|
Cost Auditors 7 : |
|
|
Name : |
K. R. and Associates Cost Accountants |
|
Address : |
Shop No. 5, 1st Floor, JDA Market, Near SBBJ Chouraha, Chitrakoot Scheme, Ajmer Road, Jaipur-302021, Rajasthan, India |
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Memberships : |
-- |
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Collaborators : |
-- |
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|
Joint Venture
Companies: |
National Power Exchange Limited. (The Company is under liquidation). |
CAPITAL STRUCTURE
AS ON 31.03.2015
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
15000000000 |
Equity Shares |
Rs. 10/- each |
Rs. 150000.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
11070668496 |
Equity Shares |
Rs. 10/- each |
Rs.
110706.700 Million |
|
|
|
|
|
Reconciliation
of no. of equity shares & share capital outstanding:
|
Particulars |
31.03.2015 |
|
|
|
No. of Shares |
Share
Capital (Rs.in Million) |
|
Opening number of shares outstanding |
11070668496 |
110706.700 |
|
Closing number of shares outstanding |
11070668496 |
110706.700 |
The Company has issued only one kind of equity shares with voting rights proportionate to the shareholding of the shareholders. These voting rights are exercisable at meeting of shareholders. The holders of the equity shares are also entitled to receive dividend as declared from time to time for them.
|
Shares in the company held by each
shareholder holding more than 5 percent specifying the number of shares held |
31.03.2015 |
|
|
|
In No. |
Share
Capital (Rs.in Million) |
|
President of India |
11070668496 |
110706.700 |
In preceding five financial years immediately preceding 31.03.2015, Company has not allotted any equity share as fully paid up pursuant to contract(s) without payment being received in cash/ not allotted any equity share as fully paid up by way of bonus share(s).
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 |
110706.700 |
110706.700 |
123007.400 |
|
(b) Reserves & Surplus |
172157.200 |
149969.800 |
155397.600 |
|
(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) |
282863.900 |
260676.500 |
278405.000 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
181710.300 |
185805.200 |
174175.200 |
|
(b) Deferred tax liabilities (Net) |
8104.400 |
7666.700 |
4606.900 |
|
(c)
Other long term liabilities |
13371.700 |
16058.100 |
17056.900 |
|
(d)
long-term provisions |
8869.500 |
8147.000 |
7219.200 |
|
Total
Non-current Liabilities (3) |
212055.900 |
217677.000 |
203058.200 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b)
Trade payables |
1530.100 |
2007.100 |
1794.100 |
|
(c)
Other current liabilities |
30131.500 |
29382.100 |
27666.000 |
|
(d)
Short-term provisions |
27809.800 |
30020.000 |
34126.700 |
|
Total
Current Liabilities (4) |
59471.400 |
61409.200 |
63586.800 |
|
|
|
|
|
|
TOTAL |
554391.200 |
539762.700 |
545050.000 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
218998.900 |
233128.100 |
173117.400 |
|
(ii)
Intangible Assets |
7952.700 |
7643.300 |
7282.200 |
|
(iii)
Capital work-in-progress |
160547.200 |
146571.300 |
197090.400 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
19777.500 |
22270.200 |
24006.100 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
11084.700 |
10896.900 |
12387.400 |
|
(e)
Other Non-current assets |
24262.000 |
8963.700 |
9443.700 |
|
Total
Non-Current Assets |
442623.000 |
429473.500 |
423327.200 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
2575.700 |
2518.700 |
2507.400 |
|
(b)
Inventories |
827.300 |
722.900 |
570.700 |
|
(c)
Trade receivables |
24971.000 |
18637.700 |
20490.500 |
|
(d)
Cash and cash equivalents |
54221.100 |
53038.300 |
56160.100 |
|
(e)
Short-term loans and advances |
14071.900 |
20935.500 |
20995.600 |
|
(f)
Other current assets |
15101.200 |
14436.100 |
20998.500 |
|
Total
Current Assets |
111768.200 |
110289.200 |
121722.800 |
|
|
|
|
|
|
TOTAL |
554391.200 |
539762.700 |
545050.000 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
68022.500 |
55370.400 |
53107.300 |
|
|
|
Other Income |
8613.300 |
14569.500 |
9927.800 |
|
|
|
TOTAL (A) |
76635.800 |
69939.900 |
63035.100 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Employees benefits expense |
11492.300 |
10586.700 |
8874.100 |
|
|
|
Rate Regulated Income/(Expenditure) |
(5219.500) |
0.000 |
0.000 |
|
|
|
Prior Period Items |
(561.100) |
5031.900 |
(1.100) |
|
|
|
Exceptional Items |
0.000 |
0.000 |
(2400.100) |
|
|
|
Generation, Administration and Other expenses |
16606.000 |
16159.100 |
10994.200 |
|
|
|
TOTAL (B) |
22317.700 |
31777.700 |
17467.100 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
54318.100 |
38162.200 |
45568.000 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
11797.700 |
10224.000 |
3853.800 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
42520.400 |
27938.200 |
41714.200 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
14258.700 |
12107.600 |
9692.900 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F)
(G) |
28261.700 |
15830.600 |
32021.300 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
7017.000 |
6042.700 |
8539.100 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-H) (I) |
21244.700 |
9787.900 |
23482.200 |
|
|
|
|
|
|
|
|
|
|
EARNINGS |
|
|
|
|
|
|
|
|
0.000 |
0.000 |
0.000 |
|
|
|
|
0.000 |
30.300 |
0.000 |
|
|
TOTAL EARNINGS |
0.000 |
30.300 |
0.000 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
87.800 |
66.600 |
174.300 |
|
|
|
Spare Parts |
0.000 |
35.900 |
17.400 |
|
|
TOTAL IMPORTS |
87.800 |
102.500 |
191.700 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
1.92 |
0.82 |
1.91 |
|
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Current Maturities of Long term debt |
16653.100 |
12859.700 |
1207.800 |
|
|
|
|
|
|
Cash Generated from Operations |
NA |
NA |
NA |
|
|
|
|
|
|
Net Cash Flow from Operating Activities |
30553.600 |
36460.300 |
18975.900 |
QUARTERLY RESULTS
|
PARTICULARS |
30.06.2015 |
|
Type |
1st
Quarter |
|
Net Sales |
20073.900 |
|
Total Expenditure |
7545.500 |
|
PBIDT (Excl OI) |
12528.400 |
|
Other Income |
2114.100 |
|
Operating Profit |
14642.500 |
|
Interest |
2718.000 |
|
Exceptional Items |
1350.000 |
|
PBDT |
13274.500 |
|
Depreciation |
3580.000 |
|
Profit Before Tax |
9694.500 |
|
Tax |
2022.800 |
|
Provisions and contingencies |
0.000 |
|
Profit After Tax |
7671.700 |
|
Extraordinary Items |
0.000 |
|
Prior Period Expenses |
0.000 |
|
Other Adjustments |
0.000 |
|
Net Profit |
7671.700 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Net Profit Margin (PAT / Sales) |
(%) |
31.23 |
17.68 |
44.22 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
79.85 |
68.92 |
85.80 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
7.56 |
4.27 |
9.88 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.10 |
0.06 |
0.12 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.70 |
0.76 |
0.63 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.88 |
1.80 |
1.91 |
STOCK
PRICES
|
Face Value |
Rs.10/- |
|
|
|
|
Market Value |
Rs.16.50/- |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particulars |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
123007.400 |
110706.700 |
110706.700 |
|
Reserves & Surplus |
155397.600 |
149969.800 |
172157.200 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
278405.000 |
260676.500 |
282863.900 |
|
|
|
|
|
|
Long-term borrowings |
174175.200 |
185805.200 |
181710.300 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
CURRENT MATURITIES OF
LONG-TERM DEBTS |
1207.800 |
12859.700 |
16653.100 |
|
Total
borrowings |
175383.000 |
198664.900 |
198363.400 |
|
Debt/Equity
ratio |
0.630 |
0.762 |
0.701 |
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 |
53107.300 |
55370.400 |
68022.500 |
|
|
|
4.261 |
22.850 |
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 |
53107.300 |
55370.400 |
68022.500 |
|
Profit |
23482.200 |
9787.900 |
21244.700 |
|
|
44.22% |
17.68% |
31.23% |
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 |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
LITIGATIONS DETAILS
|
HIGH COURT OF
PUNJAB AND HARYANA |
|||
|
Case Details For
Case CM-20414-CII-2010 |
|||
|
Diary Number |
518026 |
District |
NEW DELHI |
|
Category |
-- |
Main Case Detail |
ITA-485-2010 |
|
Party Detail |
CIT, FARIDABAD V/S M/S NHPC LIMITED |
||
|
Advocate Name |
URVASHI DHUGGA |
List Type |
ORDINARY |
|
Status |
PENDING |
Next Date |
-- |
|
Case Listing
Details |
|||
|
No Listing Data
Available |
|||
|
Judgement Details For case
CM-20414-CII-2010 Party Details: CIT. FARIDABAD V/S NHPC
Limited |
|||
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10547334 |
13/01/2015 |
10,250,000,000.00 |
IDBI
TRUSTEESHIP SERVICES LIMITED |
ASIAN
BUILDING, GROUND FLOOR, 17, R. KAMANI MARG, |
C40358145 |
|
2 |
10457103 |
31/10/2013
* |
10,000,000,000.00 |
IDBI
TRUSTEESHIP SERVICES LIMITED |
ASIAN
BUILDING,GROUND FLOOR, 17, R. KAMANI MARG, BALLARD ESTATE, MUMBAI -
400001, MAHARASHTRA, INDIA |
B89937932 |
|
3 |
10443662 |
30/07/2013
* |
5,000,000,000.00 |
STATE
BANK OF HYDERABAD |
16,
KUNDAN HOUSE, NEHRU PLACE, NEW DELHI - |
B83001164 |
|
4 |
10425780 |
01/05/2013
* |
13,562,800,000.00 |
SBICAP
TRUSTEE COMPANY LIMITED |
202,
MAKER TOWER- E, CUFFE PARADE, COLABA, MUMBAI - 400005,, MAHARASHTRA INDIA |
B75848291 |
|
5 |
10426169 |
30/05/2013
* |
10,000,000,000.00 |
STATE
BANK OF INDIA |
CORPORATE
ACCOUNTS GROUP BRANCH,11TH AND 12TH, FL |
B76926062 |
|
6 |
10357725 |
31/05/2012
* |
12,660,000,000.00 |
IDBI
TRUSTEESHIP SERVICES LIMITED |
ASIAN BLDG.,
GROUND FLOOR, 17, R.KAMANI MARG, BALLARD ESTATE, MUMBAI - 400001,
MAHARASHTRA, INDIA |
B40558207 |
|
7 |
10342578 |
14/03/2012 |
1,500,000,000.00 |
UNION
BANK OF INDIA |
73-74,
SHEETLA HOUSE, NEHRU PLACE, NEW DELHI - 110019, INDIA |
B35169887 |
|
8 |
10342804 |
14/03/2012 |
2,000,000,000.00 |
INDIAN
OVERSEAS BANK |
NHPC
COMPLEX, SECTOR 33, FARIDABAD, FARIDABAD - 121003, HARYANA, INDIA |
B35259712 |
|
9 |
10342941 |
14/03/2012 |
2,000,000,000.00 |
CANARA
BANK |
NO. 1,
DDA BUILDING, NEHRU PLACE, NEW DELHI - 110019, INDIA |
B35352939 |
|
10 |
10342942 |
14/03/2012 |
3,000,000,000.00 |
SYNDICATE
BANK |
48,
NEELAM BATA ROAD, NIT, FARIDABAD, FARIDABAD - 121001, |
B35353226 |
|
11 |
10342944 |
14/03/2012 |
2,000,000,000.00 |
PUNJAB
AND SIND BANK |
21,
RAJENDRA PLACE, NEW DELHI, NEW DELHI - |
B35354778 |
|
12 |
10342579 |
05/03/2012 |
5,000,000,000.00 |
CORPORATION
BANK |
10TH
FLOOR, H.T. BUILDING, 18/20, K.G. MARG, CONNAUGHT PLACE, NEW DELHI - 110001,
INDIA |
B35169978 |
|
13 |
10214056 |
20/04/2010
* |
20,000,000,000.00 |
IDBI
TRUSTEESHIP SERVICES LIMITED |
ASIAN
BLDG., GROUND FLOOR, 17, R.KAMANI MARG, BALLARD ESTATE, MUMBAI - 400001,
MAHARASHTRA, INDIA |
A85324168 |
|
14 |
10208666 |
12/03/2010 |
10,000,000,000.00 |
UCO
BANK |
MID CORPORATE
BRANCH, PARLIAMENT STREET, NEW |
A81188674 |
|
15 |
10109289 |
30/06/2008
* |
4,130,000,000.00 |
POWER
FINANCE CORPORATION LIMITED |
'URJANIDHI',
1,BARAKHAMBA LANE, CONNAUGHT PLACE, NEW DELHI - 110001, INDIA |
A43541754 |
|
16 |
10109291 |
30/06/2008
* |
5,000,000,000.00 |
POWER
FINANCE CORPORATION LIMITED |
'URJANIDHI',
1,BARAKHAMBA LANE, CONNAUGHT PLACE, |
A43541952 |
|
17 |
10108263 |
30/06/2008
* |
20,870,000,000.00 |
POWER FINANCE
CORPORATION LIMITED |
'URJANIDHI',
1,BARAKHAMBA LANE, CONNAUGHT PLACE, |
A47227335 |
|
18 |
10098838 |
01/04/2008 |
700,000,000.00 |
POWER
FINANCE CORPORATION LIMITED |
'URJANIDHI',
1,BARAKHAMBA LANE, CONNAUGHT PLACE, |
A36810554 |
|
19 |
10098839 |
01/04/2008 |
1,860,000,000.00 |
POWER
FINANCE CORPORATION LIMITED |
'URJANIDHI',
1,BARAKHAMBA LANE, CONNAUGHT PLACE, NEW DELHI - 110001, INDIA |
A36811164 |
|
20 |
10100759 |
01/04/2008 |
7,500,000,000.00 |
POWER
FINANCE CORPORATION LIMITED |
'URJANIDHI',
1,BARAKHAMBA LANE, CONNAUGHT PLACE, |
A37295086 |
|
21 |
10040656 |
19/01/2007 |
100,000,000.00 |
INDIAN
OVERSEAS BANK |
NHPC BRANCH,
NHPC OFFICE COMPLEX, SECTOR - 33, FARIDABAD - 121003, HARYANA, INDIA |
A11748621 |
|
22 |
10023503 |
18/10/2006 |
25,000,000,000.00 |
IDBI
TRUSTEESHIP SERVICES LIMITED |
ASIAN
BLDG., GROUND FLOOR, 17, R.KAMANI MARG, BALLARD ESTATE, MUMBAI- 400001, MAHARASHTRA,
INDIA |
A05851621 |
|
23 |
80000040 |
30/03/2006
* |
1,000,000,000.00 |
ORIENTAL
BANK OF COMMERCE |
H-14,
CONNAUGHT CIRCUS, NEW DELHI - 110001, INDIA |
- |
|
24 |
80000380 |
30/03/2006
* |
1,830,000,000.00 |
SYNDICATE
BANK |
NIT, NEELAM
BATA ROAD, FARIDABAD - 121001, HARYANA, INDIA |
- |
|
25 |
80002662 |
30/03/2006
* |
2,000,000,000.00 |
ORIENTAL
BANK OF COMMERCE |
H
BLOCK-15, CONNAUGHT PLACE, NEW DELHI - 110001, INDIA |
- |
|
26 |
80014454 |
19/07/2007
* |
65,000,000,000.00 |
IDBI
TRUSTEESHIP SERVICES LIMITED |
ASIAN
BLDG., GROUND FLOOR, 17, R.KAMANI MARG, BALLARD ESTATE, MUMBAI- 400001.
MAHARASHTRA, INDIA |
A20071494 |
|
27 |
80000379 |
30/03/2006
* |
2,000,000,000.00 |
CANARA
BANK |
DIPLOMATIC
ENCLAVE, CHANAKYA PURI, NEW DELHI - 110021, INDIA |
- |
|
28 |
80003401 |
13/01/2015
* |
5,700,000,000.00 |
AXIS
TRUSTEE SERVICES LIMITED |
AXIS
HOUSE, 2ND FLR, BOMBAY DYEING MILLS COMPOUND, PANDURANG BUDHKAR MARG, WORLI -
400025, MUMBAI, MAHARASHTRA, INDIA |
C43642867 |
|
29 |
80014457 |
29/12/2003
* |
25,000,000,000.00 |
LIFE
INSURANCE CORPORATION OF INDIA |
CENTRAL
OFFICE, MUMBAI - 400021, MAHARASHTRA, INDIA |
- |
|
30 |
80003235 |
30/03/2006
* |
400,000,000.00 |
STATE
BANK OF PATIYALA |
CHANDETR
LOK BUILDING, JANPAHT, NEW DELHI - 110001, INDIA |
- |
|
31 |
90048401 |
25/03/2001 |
850,000,000.00 |
CANARA
BANK |
DIPLOMATE
ENACLAVE NO 7/48, MALCHA MARG CHANAKYAPURI, NEW DELHI - 110021, INDIA |
- |
|
32 |
80021335 |
08/03/2010
* |
1,250,000,000.00 |
STATE
BANK OF INDIA |
CAG
BRANCH, JAWAHAR VYAPAR BHAWAN, 1112TH FLOOR, 1, TOLSTOY MARG, NEW DELHI
- 110001, INDIA |
A83710798 |
* Date of charge modification
UNSECURED LOANS
|
PARTICULARS |
31.03.2015 (Rs.
In Million) |
31.03.2014 (Rs.
In Million) |
|
LONG-TERM BORROWINGS |
|
|
|
From Banks |
14749.100 |
18579.100 |
|
From Other Parties |
27338.000 |
23484.500 |
|
|
|
|
|
Total |
42087.100 |
42063.600 |
POWER GENERATION
With the commercial operation of Unit IV (130 MW) of Parbati-III Power Station on 6th June, 2014, the installed capacity of their Company has increased to 4961.20 MW during the financial year 2014-15.
The Company has achieved highest ever annual generation of 22038 Mus with 77.3% Plant Availability Factor (PAF) against the target for excellent MOU of 21800 MUs with 76.4% PAF through its 18 power stations. Salal, Uri-I and Sewa-II Power Stations have generated their individual highest annual generation of 3492 MU, 3077 MU and 594 MU respectively.
Uri-II Power Station (240 MW) was under complete shutdown since 20th November, 2014 due to major fire. All the four units of the power station have now been restored. In-spite of above setback, the power station had achieved its Annual Design Energy (1124 MUs) and Normative Annual Plant Availability Factor (55%) during 2014-15. Further, consequent upon sudden increase in water level on 28.06.2015, Chutak Power Station, 44 MW (4 X 11 MW) was under complete shutdown. Mechanical run of one of the units was successfully carried out on 24th July, 2015. Efforts are being made to restore the unit at earliest.
Baira Siul Power Station (180 MW) is completing 35 years of its commercial operation in 2016-17. DPR for renovation, modernization for extension of the life of the power station has been approved by the Board of Directors. The proposal has been submitted to Central Electricity Authority and Central Electricity Regulatory Commission respectively for their vetting and approval.
COMMERCIAL PERFORMANCE
The Company’s commercial performance during the year 2014-15 was as under:
BILLING AND
REALIZATION
The sales realization during the year was Rs. 58833.200 Million against the billing of Rs. 66760.000 Million. As on 31st March, 2015, the outstanding dues pending for more than 60 days were of Rs. 15640.000 Million. Out of the above, Rs. 12900.000 Million pertains to PDD, J and K and Rs. 2030.000 Million to BSES Rajdhani Power Limited and BSES Yamuna Power Limited. Ther Company has made all out efforts to recover the outstanding dues, including regulation of power supply of defaulting beneficiaries.
Most of the beneficiary states are now liquidating their dues except Power Development Department (J&K), BSES Rajdhani Power Limited and BSES Yamuna Power Limited.
TARIFF REGULATION
Central Electricity Regulatory Commission (CERC) has issued new regulation for fixation of tariff viz. CERC (terms and conditions of tariff) Regulation, 2014 on 21.02.2014, applicable for the period 2014-19. NHPC has submitted new tariff petitions for the period 2014-19 (including truing up petitions) for its seventeen power stations within stipulated time period.
Parbati – III Power Station has been commissioned on 06.06.2014. The provisional tariff order for Parbati – III Power Station has been issued by CERC on 25.06.2014.
Tariff orders for the Teesta Low Dam Project – III and Chamera – III Power Stations have also been issued by CERC vide orders dated 22.01.2015 and 24.03.2015 respectively.
DIVERSIFICATION
Ther Company is diversifying its activities from hydropower to other non-conventional sources of energy viz. Wind and Solar. The activities of the Company for establishment of such projects are as under:
WIND POWER
PROJECTS
The Company has signed a Memorandum of Understanding with Government of Kerala for the development of 82 MW grid interactive wind energy project in Palakkad District on BOOT (Build, Own, Operate and Transfer) basis.
In addition to above, the Board has approved the proposal for the award of EPC contract for the development of 50 MW wind power project in the Jaisalmer District, Rajasthan along with its comprehensive operation and maintenance for 10 years to Inox Wind Limited.
SOLAR POWER
PROJECTS
In pursuit of diversification and in line with the policies of the Government of India, the Company plans to foray into development of solar power. The Company has signed an agreement with Kerala State Electricity Board for development of solar power projects in the State of Kerala. As per the agreement, Company shall in first phase take up implementation of 50 MW grid linked solar power project at West Kallada Grama Panchayat in Kollam District. The Company has also incorporated a subsidiary company i.e. Bundelkhand Saur Urja Limited with UPNEDA (Uttar Pradesh New and Renewable Energy Development Agency) to implement a 50 MW solar power project at Village Parason, (Tehsil-Kalpi), District-Jalaun, Uttar Pradesh.
RURAL
ELECTRIFICATION PROJECTS UNDER RAJIV GANDHI GRAMIN VIDYUTIKARAN YOJNA (RGGVY)
NHPC is implementing rural electrification projects under Rajiv Gandhi Gramin Vidyutikaran Yojna (RGGVY) in 27 districts spread over 5 States viz. West Bengal, Bihar, Jammu and Kashmir, Chhattisgarh and Odisha at an estimated cost of Rs. 28440.000 Million. The scope of work includes electrification of 9,310 un-electrified/de-electrified villages, 19,882 partially electrified villages and service connections to 2.074 Million Below Poverty Line (BPL) households. Out of the above, 9074 un-electrified/de-electrified villages, 18854 partially electrified villages and 1.630 Million BPL connections are found do-able, as the remaining villages and BPL households are under hindrances due to various reasons which are beyond the control of ther Company.
The Company has completed electrification of 9073 un-electrified/de-electrified villages, 18825 partially electrified villages and provided service connections to 1.630 Million BPL households till 31st March, 2015 (as per latest closure report submitted to State Govt.).
RURAL ROADS
PROJECT
Construction of rural roads in six districts of Bihar under the Pradhan Mantri Gram Sadak Yojna (PMGSY) is being carried out by the Company pursuant to an MOU with the Ministry of Rural Development, Government of India and the Government of Bihar. These roads will also be maintained by NHPC for five years after their construction.
Construction contracts for 758 roads of 3,228.82 Km length having cost of Rs. 17256.500 Million were awarded to NHPC for execution. 747 roads of 3,208 Km length have been completed till the end of financial year 2014-15.
INFORMATION TECHNOLOGY AND COMMUNICATION
NHPC has very elaborated information technology and communication infrastructure. All its sites are now connected with the corporate office through multimode, fail-safe communication links using MPLS-VPN/VSAT-Ku band/broadband technologies. NHPC has presently co-located its key servers at TIER-III data centers of National Informatics Centre Service Incorporated (NICSI) at New Delhi and BSNL at Faridabad. Disaster Recovery (DR) site is also operational at NHPC office at Kolkata. IT and cyber security policy is in place to manage the Information Technology (IT) system to ensure optimum and secure utilization of the assets owned by NHPC.
All key business functions viz. finance, human resource, procurement and contracts, inventory, project management, power plant operation and maintenance, energy sales and accounting, quality assurance etc. have been implemented in the IFS ERP System.
As per Government of India directives, the procurement process through e- procurement (electronic tender) system is operational in the Company.
AWARDS AND
RECOGNITION
Today, the ambit of business exceeds the mere goal of profit making and embraces the ethos of corporate citizenship in its practice. Operational excellence is lifeless unless a successful story of holistic development is not put forward by the Company. NHPC endeavors for an all-round growth and the same is reflected in the list of awards and achievements.
AWARDS IN MANAGEMENT AND LEADERSHIP:
· National award for meritorious performance for early completion of Nimoo Bazgo Power Station.
· ‘Second prize under Indira Gandhi Rajbhasha award progamme’ for the year 2012-13 for commendable work in Implementation of Rajbhasha.
· ‘CBIP Award for best performing utility in power sector’ at CBIP Awards.
· ‘1st Pt. Madan Mohan Malaviya Bronze Award’ for best CSR Practices in Education.
· ‘Most valuable PSU under Mini Ratna category’ at India Today Group PSU Awards.
CONTINGENT
LIABILITIES:
|
Particulars |
31.03.2015 (Rs.
In Million) |
31.03.2014 (Rs.
In Million) |
|
Claims against the Company not acknowledged as debts in respect of: |
|
|
|
Capital Works |
82076.500 |
85980.100 |
|
Land Compensation Cases |
123.700 |
116.500 |
|
Disputed Income Tax, Sales Tax, Other Items |
9066.900 |
747.2.000 |
|
|
|
|
|
Total |
91267.100 |
93568.600 |
FIXED ASSETS:
·
Land – Freehold
·
Land – Leasehold
·
Roads and Bridges
·
Buildings
·
Railway Sidings
·
Hydraulic Works
·
Plant and machinery
·
Construction Equipment
·
Electrical Installations
·
Vehicles
·
Aircraft/ Boats
·
Furniture and Fixture
·
Computers
·
Communication Equipment
·
Office Equipment’s
·
Research and Development
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.66.18 |
|
|
1 |
Rs.100.46 |
|
Euro |
1 |
Rs.74.61 |
INFORMATION DETAILS
|
Information
Gathered by : |
SUP |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
ARC |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
10 |
|
PAID-UP CAPITAL |
1~10 |
9 |
|
OPERATING SCALE |
1~10 |
9 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
9 |
|
--PROFITABILIRY |
1~10 |
9 |
|
--LIQUIDITY |
1~10 |
9 |
|
--LEVERAGE |
1~10 |
9 |
|
--RESERVES |
1~10 |
9 |
|
--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 |
|
82 |
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.