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|
MIRA INFORM REPORT
|
Report No. : |
484158 |
|
Report Date : |
03.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
CLP INDIA PRIVATE LIMITED (w.e.f. 03.02.2012) |
|
|
|
|
Formerly Known
As : |
GUJARAT PAGUTHAN ENERGY CORPORATION PRIVATE LIMITED GUJARAT TORRENT ENERGY CORPORATION LIMITED |
|
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|
Registered
Office : |
6th Floor, Chanakya Building, Off-Ashram Road, Ahmedabad –
380009, Gujarat |
|
Tel. No.: |
91-22-66709710 |
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|
|
Country : |
India |
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|
|
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Financials (as
on) : |
31.03.2016 |
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|
Date of
Incorporation : |
14.09.1992 |
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|
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|
Com. Reg. No.: |
04-018284 |
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|
|
Capital
Investment / Paid-up Capital : |
INR 28426.920 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U40100GJ1992PTC018284 |
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|
IEC No.: |
Not Divulged |
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|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AAACG7999P |
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GSTIN/UIN : |
Not Divulged |
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|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
The company is engaged in the business of generation and sale of
electricity. (Registered Activity) |
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|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd January
2017)
|
MIRA’s Rating : |
A+ |
|
Credit Rating |
Explanation |
Rating Comments |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
Status : |
Excellent |
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|
|
|
Payment Behaviour : |
Regular |
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|
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|
Litigation : |
Clear |
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|
Comments : |
Subject is a step down subsidiary of ‘CLP Holdings Limited’ based in
Hong Kong. It was incorporated in the year 1992 and engaged in the business
of generation and sale of electricity. Management has failed to file its financials with Government Registry. As per financials of March 2016, the company has registered a growth
of 35.52% in its revenue as compared to its previous year’s revenue and has
reported good profit margin of 27.73% under review. Rating takes into consideration the company’s established track record
of business operations marked by healthy networth base along with low
solvency indicators and good liquidity position. Rating also takes into account the strong financial and managerial
support received from its holding entity and well experienced management
team. Payments are reported to be regular. In view of aforesaid, the company can be considered good for business
dealings at normal trade terms and conditions, |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
INDIA RATING |
|
Rating |
Long Term Rating=AAA |
|
Rating Explanation |
Highest degree of safety and carry lowest credit risk. |
|
Date |
07.11.2017 |
|
Rating Agency Name |
INDIA RATING |
|
Rating |
Short Term Rating=A1+ |
|
Rating Explanation |
Very strong degree of safety and carry lowest credit risk. |
|
Date |
07.11.2017 |
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
31-03-2016.
BIFR (Board for Industrial & Financial Reconstruction) LISTING
STATUS
Subject’s name is not listed as a Sick Unit in
the publicly available BIFR (Board for Industrial & Financial
Reconstruction) list as of 03.01.2018
IBBI (Insolvency and Bankruptcy Board of India) LISTING STATUS
Subject’s name is not listed in the publicly
available IBBI (Insolvency and Bankruptcy Board of India) list as of report
date.
INFORMATION DENIED
MANAGEMENT NON-COOPERATIVE (Tel. No.: 91-22-67588800)
(Tel. No.: 91-22-66709710 Ringing)
LOCATIONS
|
Registered Office : |
6th Floor, Chanakya Building, Off-Ashram Road, Ahmedabad –
380009, Gujarat, India |
|
Tel. No.: |
91-79-26585969 |
|
Fax No.: |
91-79-26583254 |
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E-Mail : |
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|
Website : |
|
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|
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Corporate Office : |
7th Floor, FULCRUM, Sahar Road, Andheri (East), Mumbai – 400099,
Maharashtra, India |
|
Tel. No.: |
91-22-67588800/ 66709710 |
|
Fax No.: |
91-22-67588811/ 8833 |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Rajiv Ranjan
Mishra |
|
Designation : |
Managing Director |
|
Address : |
Flat-301, Evita Hiranandani Gardens, Powai, Mumbai – 400076, Maharashtra, India |
|
Date of Birth/Age : |
01.01.1966 |
|
Date of Appointment : |
30.09.2015 |
|
DIN No.: |
00131207 |
|
|
|
|
Name : |
Mr. Samir Ashta |
|
Designation : |
Whole-time Director |
|
Address : |
85, Siddartha Enclave, Jangpura, New Delhi – 110014, India |
|
Date of Birth/Age : |
26.06.1964 |
|
Date of Appointment : |
07.12.2007 |
|
DIN No.: |
01957618 |
|
|
|
|
Name : |
Mr. Subbarao
Amarthaluru |
|
Designation : |
Director |
|
Address : |
No. 1615, 3rd Cross, 17th B Main, 2nd Phase, J.P. Nagar, Bangalore – 560078, Karnataka, India |
|
Date of Appointment : |
21.11.2016 |
|
DIN No.: |
00082313 |
|
|
|
|
Name : |
Richard Kendall
Lancaster |
|
Designation : |
Director |
|
Address : |
No. 12, Kadoorie Avenue, Mong Kok Kowloon NA NA HK |
|
Date of Birth/Age : |
19.04.1956 |
|
Date of Appointment : |
20.05.2013 |
|
DIN No.: |
06603657 |
|
|
|
|
Name : |
Geert Herman
August Peeters |
|
Designation : |
Director |
|
Address : |
Unit B, 28/F Dynasty Court, Tower 2, No. 23, Old Peak Road, NA NA HK |
|
Date of Birth/Age : |
19.08.1963 |
|
Date of Appointment : |
01.04.2014 |
|
DIN No.: |
06899860 |
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|
|
|
Name : |
Derek Parkin |
|
Designation : |
Director |
|
Address : |
Flat A, 37/F-38/F, Tower 3, 23 Old Peak Road, Dynasty Court, Mid-Levels, Hong Kong NA NA HK |
|
Date of Appointment : |
17.11.2015 |
|
DIN No.: |
07349716 |
KEY EXECUTIVES
|
Name : |
Mr. Mitesh Trivedi |
|
Designation : |
Company Secretary |
|
Address : |
C-708, Jai Ghanshyam Co-Operative Housing Society, Tejpal Scheme, Road No. 3, Vile Parle (East), Mumbai – 400057, Maharashtra, India |
|
Date of Appointment : |
18.09.2003 |
|
PAN No.: |
ABDPT7461L |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2016
|
Names of Shareholders |
No. of Shares |
%age |
|
CLP Power (GPEC) Limited |
1291119505 |
45.42 |
|
CLP Power Projects II |
1111594596 |
39.10 |
|
CLP Renewables (Mauritius) Limited |
439977511 |
15.48 |
|
Total |
2842691612 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
As on 26.09.2016
|
Category |
Percentage |
|
Promoters (Body corporate) |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The company is engaged in the business of generation and sale of
electricity. (Registered Activity) |
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Products/ Services : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
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 : |
Information declined by the management |
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Bankers : |
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Facilities : |
Notes: Long-term
Borrowings Nature of
security and terms of repayment for secured borrowings
|
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Auditors : |
|
|
Name : |
Price Waterhouse Chartered Accountants |
|
Address : |
Building 8, 7th and 8th Floor, Tower - B, Cyber City, Gurugram –
122002, Haryana, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AAEFP3641G |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Ultimate Holding Company : |
CLP Holdings Limited, Hong Kong |
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Subsidiaries : |
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Fellow Subsidies : |
|
CAPITAL STRUCTURE
As on 26.09.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3500000000 |
Equity Shares |
INR 10/- each |
INR 35000.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2842691612 |
Equity Shares |
INR 10/- each |
INR
28426.920 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET (STANDALONE)
|
SOURCES OF FUNDS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
28426.920 |
28426.920 |
23689.100 |
|
(b) Reserves & Surplus |
35983.620 |
33732.220 |
36500.020 |
|
(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) |
64410.540 |
62159.140 |
60189.120 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
1126.750 |
1300.610 |
1474.440 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) Long-term
provisions |
24.940 |
21.950 |
19.670 |
|
Total Non-current
Liabilities (3) |
1151.690 |
1322.560 |
1494.110 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade
payables |
488.760 |
275.730 |
268.350 |
|
(c) Other
current liabilities |
394.530 |
376.640 |
328.590 |
|
(d) Short-term
provisions |
7.830 |
3.580 |
2.880 |
|
Total Current Liabilities
(4) |
891.120 |
655.950 |
599.820 |
|
|
|
|
|
|
TOTAL |
66453.350 |
64137.650 |
62283.050 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
4451.580 |
4799.170 |
5181.200 |
|
(ii)
Intangible Assets |
15.600 |
14.820 |
22.780 |
|
(iii)
Capital work-in-progress |
0.020 |
19.990 |
71.170 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
41232.660 |
41232.660 |
41231.660 |
|
(c) Deferred tax assets (net) |
272.360 |
232.140 |
5251.890 |
|
(d)
Long-term Loan and Advances |
9817.920 |
8576.790 |
146.140 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
55790.140 |
54875.570 |
51904.840 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
1107.280 |
1100.070 |
1052.790 |
|
(c) Trade
receivables |
4670.610 |
4399.240 |
3961.920 |
|
(d) Cash
and cash equivalents |
1782.100 |
1354.490 |
3030.290 |
|
(e)
Short-term loans and advances |
654.920 |
771.780 |
786.630 |
|
(f) Other
current assets |
2448.300 |
1636.500 |
1546.580 |
|
Total
Current Assets |
10663.210 |
9262.080 |
10378.210 |
|
|
|
|
|
|
TOTAL |
66453.350 |
64137.650 |
62283.050 |
PROFIT
& LOSS ACCOUNT (STANDALONE)
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
SALES |
|
|
|
|
|
Income |
8119.450 |
5991.330 |
7378.000 |
|
|
Other Income |
588.180 |
391.870 |
375.690 |
|
|
TOTAL |
8707.630 |
6383.200 |
7753.690 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
3829.870 |
1711.590 |
1759.820 |
|
|
Purchases of
Stock-in-Trade |
0.000 |
0.000 |
0.000 |
|
|
Employees benefits
expense |
302.870 |
287.780 |
280.800 |
|
|
Other expenses |
656.670 |
698.270 |
1515.370 |
|
|
TOTAL |
4789.410 |
2697.640 |
3555.990 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
3918.220 |
3685.560 |
4197.700 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
110.430 |
149.080 |
150.110 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
3807.790 |
3536.480 |
4047.590 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/ AMORTISATION
|
402.860 |
527.300 |
1230.660 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
3404.930 |
3009.180 |
2816.930 |
|
|
|
|
|
|
|
Less |
TAX |
1153.530 |
1039.160 |
930.040 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX |
2251.400 |
1970.020 |
1886.890 |
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE
BROUGHT FORWARD |
7177.720 |
9945.520 |
10427.540 |
|
|
|
|
|
|
|
Less |
Issue
of bonus shares |
0.000 |
4737.820 |
2368.910 |
|
|
|
|
|
|
|
|
Balance Carried to the
B/S |
9429.120 |
7177.720 |
9945.520 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Spares |
3.660 |
4.050 |
12.430 |
|
|
TOTAL IMPORTS |
3.660 |
4.050 |
12.430 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
0.79 |
0.69 |
0.71 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Maturities of Long term debt |
250.390 |
236.480 |
226.840 |
|
Cash generated from operations |
2419.910 |
2743.400 |
4646.230 |
|
Net cash flow from operating activity |
1322.390 |
1628.750 |
3635.920 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
209.96 |
268.01 |
196.00 |
|
|
|
|
|
|
Account Receivables Turnover ( Income / Sundry Debtors) |
1.74 |
1.36 |
1.86 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
46.58 |
58.80 |
55.66 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
3.54 |
3.35 |
3.99 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.88 |
0.76 |
0.80 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.03 |
0.03 |
0.04 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.02 |
0.02 |
0.03 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.01 |
0.01 |
0.01 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.07 |
0.08 |
0.09 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
35.48 |
24.72 |
27.96 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Net Profit Margin [(PAT / Sales)
* 100] |
% |
27.73 |
32.88 |
25.57 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
3.39 |
3.07 |
3.03 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
3.50 |
3.17 |
3.13 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current
Assets / Current Liabilities) |
11.97 |
14.12 |
17.30 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
10.72 |
12.44 |
15.55 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.97 |
0.97 |
0.97 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
0.05 |
0.05 |
0.07 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
11.97 |
14.12 |
17.30 |
Total
Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term
debts
FINANCIAL ANALYSIS
[all figures are
in INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
INR In Million |
INR In Million |
INR In Million |
|
Share Capital |
23689.100 |
28426.920 |
28426.920 |
|
Reserves & Surplus |
36500.020 |
33732.220 |
35983.620 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
60189.120 |
62159.140 |
64410.540 |
|
|
|
|
|
|
long-term borrowings |
1474.440 |
1300.610 |
1126.750 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Current Maturities of
Long term debt |
226.840 |
236.480 |
250.390 |
|
Total borrowings |
1701.280 |
1537.090 |
1377.140 |
|
Debt/Equity ratio |
0.028 |
0.025 |
0.021 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
INR In Million |
INR In Million |
INR In Million |
|
Sales |
7378.000 |
5991.330 |
8119.450 |
|
|
|
(18.795) |
35.520 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
INR In Million |
INR In Million |
INR In Million |
|
Sales |
7378.000 |
5991.330 |
8119.450 |
|
Profit/(Loss) |
1886.890 |
1970.020 |
2251.400 |
|
|
25.57% |
32.88% |
27.73% |
ABRIDGED
BALANCE SHEET (CONSOLIDATED)
|
SOURCES OF FUNDS |
|
31.03.2016 |
31.03.2015 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
28426.920 |
28426.920 |
|
(b) Reserves &
Surplus |
|
30629.980 |
25436.430 |
|
(c) Money received
against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application
money pending allotment |
|
0.000 |
0.000 |
|
Total Shareholders’ Funds
(1) + (2) |
|
59056.900 |
53863.350 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
|
57809.060 |
56981.010 |
|
(b) Deferred tax
liabilities (Net) |
|
771.670 |
526.490 |
|
(c) Other long term
liabilities |
|
2556.200 |
2136.510 |
|
(d) long-term provisions |
|
57.690 |
53.140 |
|
Total Non-current
Liabilities (3) |
|
61194.620 |
59697.150 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
7684.020 |
10449.300 |
|
(b) Trade payables |
|
2435.200 |
6081.460 |
|
(c) Other current
liabilities |
|
9151.230 |
8261.760 |
|
(d) Short-term provisions |
|
15.270 |
17.570 |
|
Total Current Liabilities
(4) |
|
19285.720 |
24810.090 |
|
|
|
|
|
|
TOTAL |
|
139537.240 |
138370.590 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
99005.550 |
92966.850 |
|
(ii) Intangible Assets |
|
802.460 |
813.860 |
|
(iii) Capital work-in-progress |
|
1970.980 |
2765.990 |
|
(iv) Intangible assets
under development |
|
0.000 |
0.000 |
|
(b) Non-current
Investments |
|
0.500 |
0.500 |
|
(c) Deferred tax assets
(net) |
|
4029.740 |
5292.730 |
|
(d) Long-term Loan and Advances |
|
6114.270 |
5423.100 |
|
(e) Other Non-current
assets |
|
0.000 |
0.000 |
|
Total Non-Current Assets |
|
111923.500 |
107263.030 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
5347.570 |
3811.950 |
|
(c) Trade receivables |
|
12550.390 |
11598.330 |
|
(d) Cash and cash
equivalents |
|
2768.970 |
5022.050 |
|
(e) Short-term loans and
advances |
|
1967.600 |
6173.790 |
|
(f) Other current assets |
|
4979.210 |
4501.440 |
|
Total Current Assets |
|
27613.740 |
31107.560 |
|
|
|
|
|
|
TOTAL |
|
139537.240 |
138370.590 |
PROFIT
& LOSS ACCOUNT (CONSOLIDATED)
|
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
|
40604.490 |
40132.100 |
|
|
Other Income |
|
1035.600 |
432.650 |
|
|
TOTAL |
|
41640.090 |
40564.750 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
|
19833.240 |
20541.780 |
|
|
Purchases of
Stock-in-Trade |
|
0.000 |
0.000 |
|
|
Employees benefits
expense |
|
795.380 |
747.670 |
|
|
Other expenses |
|
2418.660 |
2737.900 |
|
|
TOTAL |
|
23047.280 |
24027.350 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
|
18592.810 |
16537.400 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
|
6498.670 |
6639.550 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
|
12094.140 |
9897.850 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/ AMORTISATION
|
|
5026.780 |
4945.800 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
|
7067.360 |
4952.050 |
|
|
|
|
|
|
|
Less |
TAX |
|
1873.810 |
2137.250 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
|
5193.550 |
2814.800 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
1.83 |
0.99 |
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 |
No |
|
8 |
Designation of contact person |
No |
|
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 |
No |
|
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 |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
GENERAL
INFORMATION
The company is engaged in the business of generation and sale of
electricity. The company has 655 MW dual fired Combined Cycle Power Plant at
village Paguthan and has 50.4 MW capacity of wind generation at Samana.
STATE OF COMPANY’S
AFFAIRS AND FUTURE OUTLOOK
The company owns and runs a 655MW gas based Combines Cycle Power Plant
at Paguthan and a 50.4MW Wind Farm at Samana in the state of Gujarat.
The generation at the Gas plant has increased due to allocation of
additional gas under Government Scheme. Pagutha n continues to generate at
15.66% PLF to secure its capacity payments under the PPA mainly on alternative
but more expensive fuel sources through the truncated domestic gas supplies
from Cairn Energy, E RLNG and spot re-gasified LNG. Paguthan’s availability
during the year was at 95% in comparison, dispatch was around 16%.
INDEX
OF CHARGES
|
Charges Registered |
||||||||
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G40440018 |
100091873 |
POWER FINANCE CORPORATION LIMITED |
16/03/2017 |
- |
- |
2700000000.0 |
'URJANIDHI', 1, BARAKHAMBA LANE,CONNAUGHT PLACE, NEW DELHI 110001 INDIA |
|
2 |
G12665725 |
100054005 |
POWER FINANCE CORPORATION LIMITED |
23/09/2016 |
- |
- |
2200000000.0 |
'URJANIDHI', 1, BARAKHAMBA LANE,CONNAUGHT PLACE, NEW DELHI 110001 INDIA |
|
3 |
C72566623 |
10606812 |
IDBI TRUSTEESHIP SERVICES LIMITED |
07/12/2015 |
- |
- |
6000000000.0 |
Asian Bldg., Ground Floor, 17, R. Kamani Marg, Ballard Estate, Mumbai MAHARASHTRA 400001 INDIA |
|
4 |
C55052070 |
10575312 |
POWER FINANCE CORPORATION LIMITED |
01/06/2015 |
- |
- |
4760000000.0 |
'URJANIDHI', 1, BARAKHAMBA LANE,CONNAUGHT PLACE, NEW DELHI 110001 INDIA |
|
5 |
G21018684 |
10552858 |
IDBI TRUSTEESHIP SERVICES LIMITED |
03/03/2015 |
20/10/2016 |
- |
27368078000.0 |
Asian Bldg., Ground Floor, 17, R. Kamani Marg, Ballard Estate, Mumbai MAHARASHTRA 400001 INDIA |
|
6 |
G52388410 |
10510953 |
POWER FINANCE CORPORATION LIMITED |
09/07/2014 |
10/08/2017 |
- |
42968440408.0 |
'URJANIDHI', 1, BARAKHAMBA LANE,CONNAUGHT PLACE, NEW DELHI 110001 INDIA |
|
7 |
G47221437 |
10442159 |
IDBI TRUSTEESHIP SERVICES LIMITED |
06/08/2013 |
17/05/2017 |
- |
15500000000.0 |
Asian Bldg., Ground Floor, 17, R. Kamani Marg, Ballard Estate, Mumbai MAHARASHTRA 400001 INDIA |
|
8 |
C55948681 |
10158784 |
IDBI TRUSTEESHIP SERVICES LIMITED |
19/05/2009 |
26/05/2015 |
- |
2960000000.0 |
Asian Bldg., Ground Floor, 17, R. Kamani Marg, Ballard Estate, Mumbai MAHARASHTRA 400001 INDIA |
|
9 |
Y10191168 |
90101476 |
STATE BANK OF INDIA |
28/03/1994 |
11/02/1998 |
- |
1200000.0 |
COMMERCIAL BRANCH PARAMSIDDHI COMPLEX AHMEDABAD GUJARAT INDIA |
|
10 |
C02446912 |
10151233 |
DENA BANK |
30/03/2009 |
- |
28/04/2014 |
1000000000.0 |
Elisbridge Branch, Pritamtai Road, Ahmedabad GUJARAT 380006 INDIA |
CONTINGENT
LIABILITIES:
(INR in million)
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
|
Corporate Guarantee given by Company to bank/financial institution on behalf of following group companies: |
|
|
|
Jhajjan Power Limited |
2380.000 |
0.000 |
|
CLP Wind Farms (India) Private Limited |
2000.000 |
18790.000 |
|
CLP Wind Farms (Theni – Project II) Private Limited |
0.000 |
200.000 |
|
Guarantees given by Company on the behalf of following group companies |
|
|
|
CLP Wind Farms (India) Private Limited |
1691.000 |
1698.000 |
|
CLP Wind Farms (Then – Project II) Private Limited |
131.600 |
160.000 |
|
Jhajjar Power Limited |
2850.000 |
3220.000 |
|
Letter of Credit |
2820.100 |
3076.100 |
|
Income tax demands appealed |
677.360 |
1008.570 |
|
Claims raised by GUVNL |
9372.860 |
9372.860 |
|
Hundi discounted |
100.000 |
2280.000 |
|
Total |
22022.92 |
39805.530 |
FIXED ASSETS
Tangible Assets
- Land (Freehold)
- Land (Leasehold)
- Building
- Plant and Machinery
- Furniture and Fixtures
- Computers and Office Equipment
- Vehicles
Intangible Assets
- Computer Software
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 records 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
|
INR |
|
US Dollar |
1 |
INR 63.67 |
|
|
1 |
INR 86.11 |
|
Euro |
1 |
INR 76.58 |
INFORMATION DETAILS
|
Information
Gathered by : |
PNM |
|
|
|
|
Analysis Done by
: |
VIV |
|
|
|
|
Report Prepared
by : |
SUD |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
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 are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.