|
|
|
MIRA INFORM REPORT
|
Report No. : |
485417 |
|
Report Date : |
10.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
INDIAN OIL CORPORATION
LIMITED |
|
|
|
|
Registered
Office : |
Indian Oil Bhavan, G-9, Ali Yavar Jung Marg, Bandra (East), Mumbai –
400051, |
|
Tel. No.: |
91-22-26447616 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
30.06.1959 |
|
|
|
|
Com. Reg. No.: |
11-011388 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 24279.500 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
L23201MH1959GOI011388 |
|
|
|
|
IEC No.: |
0389022390 |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
Not Available |
|
|
|
|
GSTIN : |
Not Divulged |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACI1681G |
|
|
|
|
Legal Form : |
A Public Limited Liability Company. The Company’s Shares are Listed on
the Stock Exchanges. |
|
|
|
|
Line of Business
: |
Subject is engaged in business of Sale of Petroleum Products,
Petrochemicals and Other Businesses which comprises Sale of Gas, Explosives
and Cryogenics, Wind Mill and Solar Power Generation and Oil and Gas
Exploration Activities. (Registered activity) |
|
|
|
|
No. of Employees
: |
33135 (Approximately) |
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++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
Status : |
Excellent |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Exist |
|
|
|
|
Comments : |
Indian Oil Corporation Limited is a Government of India undertaking company and was incorporated in the year 1959. It is engaged in the business of sale of Petroleum products, Petrochemicals and other business which comprises sale of Gases. For the financial year 2017, the company has achieved 9.47% growth in its revenue as compared to previous year revenue and has maintained average profitability margin of 4.29% during the year under review. The robust financial profile of the company is marked by healthy networth base along with strong debt coverage indicators due to low debt balance sheet profile. The rating takes into consideration equity infused by its promoters. The company has decent earning per share (EPS) of INR. 40.31 against the face value (FV) of INR 10. The rating also factors in the majority ownership by the Government of India (GOI) experienced and professional management team and long track record of operations with wide prance. The company has its share price trading at around INR. 410.55 Against the Face Value (FV) of INR. 10 on BSE as on 20th December, 2017. The rating also derives strength from strategic nature of operations with the company being the largest player in refining and marketing of petroleum products in India with a Pan-India presence and a large distribution network. Business is active. Payments are reported to be regular. In view of aforesaid, the company can be considered for good 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
|
Country Name |
Previous Rating (30.06.2017) |
Current Rating (30.09.2017) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low
Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High
Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long-term = AAA |
|
Rating Explanation |
Highest degree of safety and Carry lowest
credit risk. |
|
Date |
30.11.2017 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term = A1+ |
|
Rating Explanation |
Very strong degree of safety and carry lowest
credit risk. |
|
Date |
30.11.2017 |
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 10.01.2018
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-CO-OPERATIVE (91-22-26447244/26447222)
LOCATIONS
|
Registered Office/ Marketing Division : |
Indian Oil Bhavan, G-9, Ali Yavar Jung Marg, Bandra (East), Mumbai –
400051, |
|
Tel. No.: |
91–22–26423272/ 26443880/ 26400926/ 26427363 Extn. 7616/ 7528/
26441825/ 30/ 31 |
|
Fax No.: |
91–22–26443880/ 26425903/ 26400606/ 26447961 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Office : |
Plot No.: 3079/3, J B Tito Marg, Sadik Nagar, New Delhi – 110049,
India |
|
Tel. No.: |
91-11-26260000 |
|
|
|
|
Warehouse : |
Meg Division Ioc Polymer Terminal PNCP Village – Bal Jataan, Panipat - 132140 Haryana, India |
|
|
|
|
Refineries Division : |
Head Office SCOPE Complex,
Core-2, 7, Institutional Area, Lodhi Road, New Delhi - 110 003, India Barauni Refinery P. O. Barauni
Refinery, District Begusarai - 861 114, Bihar, India Digboi Refinery P. O. Digboi
-786 171, Assam, India Gujarat Refinery P. O. Jawahar
Nagar, District Vadodara - 391 320, Gujarat, India Guwahati
Refinery P. O. Noonmati,
Guwahati - 781 020, Assam, India Haldia Refinery P. O. Haldia
Refinery, District Midnapur - 721 606, West Bengal, India Mathura Refinery P. O. Mathura
Refinery, Mathura - 281 005, Uttar Pradesh, India Panipat Refinery P. O. Panipat
Refinery, Panipat - 132 140, Haryana, India Bongaigaon
Refinery P. O. Dhaligaon,
District Chirang - 783 385, Assam, India Paradip Refinery P.O. Jhimani,
Via Kujang, District Jagatsinghpur - 754141, Odisha, India |
|
|
|
|
Pipelines Division : |
Head Office A-1, Udyog Marg,
Sector-1, Noida - 201 301, Uttar Pradesh, India Northern Region P. O. Panipat
Refinery, Panipat - 132 140, Haryana, India Eastern Region 14, Lee Road,
Kolkata - 700 020, West Bengal, India Western Region P. O. Box 1007,
Bedipara, Morvi Road, Gauridad, Rajkot - 360 003, Gujarat, India Southern Region Indian Oil
Bhavan, 139, Nungambakkam High Road, Chennai - 600 034, Tamilnadu, India |
|
|
|
|
Marketing Division : |
Head Office IndianOil Bhavan, G-9, Ali Yavar Jung Marg, Bandra (East), Mumbai - 400
051, Maharashtra, India Northern Region Indian Oil Bhavan, 1, Aurobindo Marg, Yusuf Sarai, New Delhi - 110
016, India Eastern Region Indian Oil Bhavan, 2, Gariahat Road (South), Dhakuria, Kolkata - 700
068, West Bengal, India Western Region Indian Oil Bhawan-BKC Plot No. C-33, 'G' Block Bandra Kurla Complex,
Bandra (East), Mumbai - 400 051, Maharashtra, India Southern Region Indian Oil Bhavan, 139, Nungambakkam High Road, Chennai - 600 034,
Tamilnadu, India IBP Division: 34 A, Nirmal Chandra Street, Kolkata - 700 013, West, Bengal, India |
|
|
|
|
R&D Centre: |
Sector 13, Faridabad - 121 007, Haryana, India |
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|
|
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Assam Oil Division: |
P. O. Digboi - 768 171, Assam, India |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Parindu Kanaiyalal Bhagat |
|
Designation : |
Additional Director |
|
Address : |
Parishram, 28, Punit Nagar Society, Part-3 Satellite,
Ahmedabad – 380015, Gujarat, India |
|
Date of Appointment : |
02.12.2015 |
|
DIN No.: |
01934627 |
|
|
|
|
Name : |
Mr. Sanjiv Singh |
|
Designation : |
Whole time Director |
|
Address : |
H No 1205, Refiney Township, Panipat – 132140, Haryana, India |
|
Date of Appointment : |
01.07.2014 |
|
DIN No.: |
05280701 |
|
|
|
|
Name : |
Mr. Ashutosh Jindal |
|
Designation : |
Nominee Director |
|
Address : |
Agartalal Government Circuit House Agartala Tripura, Room No. 20,
Agartala – 799001, Tripura, India |
|
Date of Appointment : |
12.02.2016 |
|
DIN No.: |
05286122 |
|
|
|
|
Name : |
Mr. Arun Kumar Sharma |
|
Designation : |
Whole time Director |
|
Address : |
F-501, Plot C-58/23 Indian Oil Apartments, Sector 62 Noida – 201301,
Uttar Pradesh, India |
|
Date of Appointment : |
15.09.2015 |
|
DIN No.: |
06665266 |
|
|
|
|
Name : |
Mr. Satish Govind Kottieth |
|
Designation : |
Wholetime Director |
|
Address : |
F-25, Indianoil Nagar, Sector-55, Noida – 201301, Uttar Pradesh, India
|
|
Date of Appointment : |
01.09.2016 |
|
DIN No.: |
06932170 |
|
|
|
|
Name : |
Mr. Anish Aggarwal |
|
Designation : |
Whole time Director |
|
Address : |
32 A, Mansarovar Apartments, Sector 61, Noida Gautam Budh Nagar, Noida
-201301, Uttar Pradesh, India |
|
Date of Appointment : |
01.02.2015 |
|
DIN No.: |
06993471 |
|
|
|
|
Name : |
Mr. Balwinder Singh Canth |
|
Designation : |
Wholetime Director |
|
Address : |
702, Indian Oil Residential Complex, Plot No. R - 7 &
8, Block-E, Bandra Kurla Complex, Mumbai – 400051, Maharashtra, India |
|
Date of Appointment : |
08.10.2015 |
|
DIN No.: |
07239321 |
|
|
|
|
Name : |
Mr. Sanjay Kapoor |
|
Designation : |
Director |
|
Address : |
H. NO. 296 Sector - 15 Panchkula – 134109, Haryana, India |
|
Date of Appointment : |
02.12.2015 |
|
DIN No.: |
07348106 |
|
|
|
|
Name : |
Mr. Vinoo Narain Mathur |
|
Designation : |
Additional Director |
|
Address : |
A6/16, Rail Vihar Indirapuram, Ghaziabad – 201014, Uttar
Pradesh, India |
|
Date of Appointment : |
22.09.2017 |
|
DIN No.: |
01508809 |
|
|
|
|
Name : |
Mr. Vivek Rae |
|
Designation : |
Additional Director |
|
Address : |
171 - Gulmohar Enclave, New Delhi – 110049, India |
|
Date of Appointment : |
22.09.2017 |
|
DIN No.: |
01866765 |
|
|
|
|
Name : |
Mr. Biswal Chittaranjan |
|
Designation : |
Additional Director |
|
Address : |
PLOT NO.36, Road No.72, Prashashan Nagar, Jubilee Hills Hyderabad – 500033, Telangana, India |
|
Date of Appointment : |
22.09.2017 |
|
DIN No.: |
02172414 |
|
|
|
|
Name : |
Ms. Urvashi Sadhwani |
|
Designation : |
Nominee Director |
|
Address : |
97, D-II Flats (Officers Flats), Kidwai Nagar (West), New Delhi – 110023, India |
|
Date of Appointment : |
27.10.2017 |
|
DIN No.: |
03487195 |
|
|
|
|
Name : |
Mr. Sankar Chakraborti |
|
Designation : |
Additional Director |
|
Address : |
A-41 , Makar Sristhi CHS ,Building No. 312, Shristi Sector -3, Mira Road East , Thane, Mumbai – 401107, Maharashtra, India |
|
Date of Appointment : |
22.09.2017 |
|
DIN No.: |
06905980 |
|
|
|
|
Name : |
Mr. Dharmendra Shekhawat Singh |
|
Designation : |
Additional Director |
|
Address : |
B-12S-201-202, Venkateshwar Tower Central Spine, Vidyadhar Nagar, Jaipur -302023, Rajasthan, India |
|
Date of Appointment : |
22.09.2017 |
|
DIN No.: |
07404367 |
|
|
|
|
Name : |
Mr. Srivenkata Sankara Ramakumar |
|
Designation : |
Wholetime Director |
|
Address : |
H.NO. 1256 Sector – 8, Faridabad, Sector 7, Faridabad – 121006, Haryana, India |
|
Date of Appointment : |
01.02.2017 |
|
DIN No.: |
07626484 |
|
|
|
|
Name : |
Mr. Samirendra Chatterjee |
|
Designation : |
Additional Director |
|
Address : |
71, Type- Iia, Vikramshila Apartment, Hauzkhas Iit Campus, New Delhi – 110016, India |
|
Date of Appointment : |
22.09.2017 |
|
DIN No.: |
06567818 |
|
|
|
|
Name : |
Mr. Mahadevan Balasubramanian |
|
Designation : |
Additional Director |
|
Address : |
116, Faculty Quarters, Indian Institute of Management, Bannerghatta Road, Bangalore – 560076, Karnataka, India |
|
Date of Appointment : |
22.09.2017 |
|
DIN No.: |
07936246 |
|
|
|
|
Name : |
Mr. Jagdish Kishwan |
|
Designation : |
Additional Director |
|
Address : |
A-701, C-58/25, Sector – 62, Noida – 201309, Uttar Pradesh, India |
|
Date of Appointment : |
22.09.2017 |
|
DIN No.: |
07941042 |
KEY EXECUTIVES
|
Name : |
Mr. Arun Kumar Sharma |
|
Designation : |
Chief Finance Officer |
|
Address : |
F-501, Plot C-58/23 Indian Oil Apartments, Sector 62 Noida
- 201301, Uttar Pradesh, India |
|
Date of Appointment : |
27.10.2014 |
|
PAN No: |
ABDPS3281K |
|
|
|
|
Name : |
Mr. Kamal Kumar Gwalani |
|
Designation : |
Company Secretary |
|
Address : |
E401, Blue Fields, Pacific Enclave, Powai, Mumbai – 400076, Maharashtra, India |
|
Date of Appointment : |
01.09.2017 |
|
PAN No: |
AAEPG4814A |
|
|
|
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Senior Management
Team: |
BK Ravi Advisor (Security) Rajiv Khanna Executive Director I/C (Finance), RandD Gautam Bose Executive Director (Regional Services – Eastern Region), Marketing AK Chowdhury Executive Director (Human Resource), Refineries Vijay Prakash Executive Director I/C (Technical), Refineries SPS Jolly Executive Director I/C (Indian Oil Institute of Petroleum Management) TS Khwaja Executive Director I/C (Aviation), Marketing Amita Singh(Ms) Executive Director (Corporate Affairs and Pricing), Corporate Office S Mukherjee Executive Director I/C (Human Resource and CSR), Corporate Office Kaushik Bora Executive Director (Process Project), Refineries RK Mittal Executive Director (Exploration and Production), Corporate Office VK Shukla Executive Director (Barauni Refinery) MR Karandikar Executive Director I/C (Co-ordination, Planning and QC), Marketing BS Giridhar Executive Director (Health, Safety and Environment), Marketing Raju Ranganathan Executive Director (Company Secretary and Law) Pranab Kumar Das Executive Director I/C (Supplies), Marketing YK Gupta Executive Director (LPG), Marketing Gurmeet Singh Executive Director (Engineering and Projects), Marketing NVN Ramsai Executive Director (Finance), Marketing DLN Sastri Executive Director (International Trade), Corporate Office Sukhendu Majumdar Executive Director (Corporate Planning and Economic Studies), Corporate Office KL Murthy Executive Director (Lubes), Marketing Dipankar Ray Executive Director (IndianOil AOD State Office) Murali Srinivasan Executive Director (Maharashtra State Office) SK Awasthi Executive Director (Health, Safety and Environment), Corporate Office Sajjan Kumar Executive Director (Delhi State Office) AK Verma Executive Director (Uttar Pradesh State Office-I) RK Samtani Executive Director (Maintenance and Construction), Pipelines AK Tewari Executive Director (Operations), Pipelines SK Satija Executive Director (Eastern Region Pipeline-I), Kolkata V Mohan Executive Director (Shipping), Refineries Gouri Shankar Singh Executive Director (Technical), Paradip Refinery DK Garg Executive Director (Corporate Finance), Corporate Office Subodh Dakwale Executive Director (Corporate Communication and Branding), Marketing BV Rama Gopal Executive Director I/C (Panipat Refinery) LW Khongwir Executive Director (Mathura Refinery) DK Sharma Executive Director (Retail Sales), Marketing Jogen Barpujari Executive Director (Guwahati Refinery) Ram Phal Executive Director (Northern Region Pipelines), Panipat PK Yadav Executive Director (Automation), Marketing Alok Khanna Executive Director I/C (Information Systems), Corporate Office S Varadhachari Executive Director (Karnataka State Office) RK Sethi Executive Director (Corporate Finance), Corporate Office CS Shankar Executive Director I/C (Institutional Business), Marketing PC Choubey Executive Director (Eastern Region Pipelines-II), Bhubaneswar VK Misra Executive Director (Uttar Pradesh State Office-II) SK Sharma Executive Director (Gas), Corporate Office SN Pandey Executive Director (Optimisation), Corporate Office S Senthil Kumar Executive Director (Regional Services – Southern Region) Arati Nath Jha Executive Director I/C (Petrochemicals), Corporate Office Sanjeev Kumar Jain Executive Director (Gujarat State Office) Rahul Bhardwaj Executive Director (Telangana and Andhra Pradesh State Office) Sunil Mathur Executive Director (Rajasthan State Office) SC Chopra Executive Director I/C (Projects), Refineries SS Lamba Executive Director (Planning), Marketing VC Sati Executive Director (Western Region Pipelines), Gauridad VK Raizada Executive Director(Technical), Panipat Refinery M Pramanik Executive Director (AOD Refinery) Subimal Mondal Executive Director (Human Resource and CSR), Corporate Office Debashish Roy Executive Director (Finance), Refineries UP Singh Executive Director(Human Resource), Marketing Shyam Lal Maurya Executive Director (Maintenance and Inspection), Refineries KK Gupta Executive Director (Internal Audit), Corporate Office M Srinivas Executive Director (IndianOil Institute of Petroleum Management) HK Sachdev Executive Director (Regional Services – Northern Region) GJ Tyagaraj Executive Director (Maintenance and Construction), Refineries Rakesh Sehgal Executive Director (Operations) , Marketing KK Jain Executive Director (Petrochemical – Projects), Corporate Office BK Singh Executive Director (Regional Services – Western Region) Deepak Agarwal Executive Director (Corporate Information Systems) Gautam Ghosal Executive Director (Human Resource), Pipelines SK Sharma Executive Director (Bihar State Office) SB Prasad Executive Director (Aviation), Marketing Rakesh Jain Executive Director (Business Development), Corporate Office DL Pramodh Executive Director (Institutional Business), Marketing Sanjay Manchanda Executive Director (West Coast Refinery Project) RS Dahiya Executive Director (Anti Adulteration Cell), Corporate Office RD Kherdekar Executive Director (Pricing), Marketing RK Mohapatra Executive Director (West Bengal State Office) SK Agrawal Executive Director (Gujarat Refinery) CK Tiwari Executive Director (Haldia Refinery) R Sitharthan Executive Director (Tamil Nadu State Office) SM Vaidya Executive Director (Operations), Refineries HK Singh Executive Director (Projects), Pipelines Dr.S.K.Mazumdar Executive Director (Refining Technology), RandD |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on December 2017
|
Category of
shareholder |
No. of fully paid up equity shares held |
Shareholding as a % of total no. of shares |
|
|
Promoter and Promoter Group |
2766718222 |
56.98 |
|
|
Public |
2089186742 |
43.02 |
|
|
Grand Total |
4855904964 |
100.00 |
STATEMENT SHOWING SHAREHOLDING PATTERN OF THE PROMOTER AND PROMOTER
GROUP
|
Category of shareholder |
No. of fully paid up equity shares held |
Shareholding as a % of total no. of shares |
|
|
A1) Indian |
0.00 |
||
|
Central Government/ State Government(s) |
2766718222 |
56.98 |
|
|
PRESIDENT OF INDIA |
2766718222 |
56.98 |
|
|
Sub Total A1 |
2766718222 |
56.98 |
|
|
A2) Foreign |
0.00 |
||
|
A=A1+A2 |
2766718222 |
56.98 |
STATEMENT SHOWING
SHAREHOLDING PATTERN OF THE PUBLIC SHAREHOLDER
|
Category &
Name of the Shareholders |
No.
of fully paid up equity shares held |
Shareholding
% calculated as per SCRR, 1957 As a % of (A+B+C2) |
|
|
B1) Institutions |
0 |
0.00 |
|
|
Mutual Funds/ |
213881228 |
4.40 |
|
|
Foreign
Portfolio Investors |
344179359 |
7.09 |
|
|
Financial
Institutions/ Banks |
4086510 |
0.08 |
|
|
Insurance
Companies |
299749196 |
6.17 |
|
|
Life Insurance Corporation of India |
272042646 |
5.60 |
|
|
Any Other (specify) |
995 |
0.00 |
|
|
Sub Total B1 |
861897288 |
17.75 |
|
|
B2) Central
Government/ State Government(s)/ President of India |
0 |
0.00 |
|
|
Central
Government/ State Government(s)/ President of India |
5400000 |
0.11 |
|
|
Sub Total B2 |
5400000 |
0.11 |
|
|
B3)
Non-Institutions |
0 |
0.00 |
|
|
Individual share
capital upto INR 0.200 Million |
117421250 |
2.42 |
|
|
Individual share
capital in excess of INR 0.200 Million |
10265527 |
0.21 |
|
|
NBFCs registered
with RBI |
2569536 |
0.05 |
|
|
Any Other
(specify) |
1091633141 |
22.48 |
|
|
Trusts |
124324370 |
2.56 |
|
|
IOC share Trust |
116559228 |
2.40 |
|
|
Alternative Investment Fund |
162196 |
0.00 |
|
|
NRI |
1092331 |
0.02 |
|
|
NRI – Repat |
660403 |
0.01 |
|
|
Clearing Members |
4365337 |
0.09 |
|
|
Bodies Corporate |
960559210 |
19.78 |
|
|
Oil and Natural Gas Corporation Limited |
668607628 |
13.77 |
|
|
Oil India Limited |
242795248 |
5.00 |
|
|
IEPF |
469294 |
0.01 |
|
|
Sub Total B3 |
1221889454 |
25.16 |
|
|
B=B1+B2+B3 |
2089186742 |
43.02 |
|
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in business of Sale of Petroleum Products,
Petrochemicals and Other Businesses which comprises Sale of Gas, Explosives
and Cryogenics, Wind Mill and Solar Power Generation and Oil and Gas
Exploration Activities. (Registered activity) |
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Products : |
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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 : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
33135 (Approximately) |
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Bankers : |
|
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|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||
|
Facilities : |
|
|
Statutory Auditors
: |
|
|
|
|
|
Branch Auditors : |
|
|
|
|
|
Cost Auditors : |
|
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associate Companies : |
U23200MH1996PLC102222
U23201MH1966PTC013538
U74899DL1998PTC097297
U23201DL1993PTC190652
U23200GJ1998PLC034144
L74899DL1998PLC093073
U45203MH1997PLC108251
U23201UP2005PLC030834
U25190DL2010PTC205324
U74999DL2009PTC193079
U40104MH2011GOI215870
U40200GJ2011SGC067450
U40200GJ2011SGC067449
U40300DL2013PTC258690
U63000MH2010PTC200463
U40300KL2015PTC037849
U74899DL1999PLC101853
U23201GJ2000PLC039031
U23200TN2015PTC100731
U24100WB2016PLC216175
U11202KA2006PTC040251 |
|
|
|
|
Group Companies : |
Indian
Subsidiaries
L40101TN1965GOI005389
U01119CT2009GOI021044
U11201GJ2006PTC048372 Foreign Subsidiaries
|
|
|
|
|
Joint Ventures: |
LLP IN : AAA-1445 |
CAPITAL STRUCTURE
After 29.08.2017
Authorised Capital : INR 60000.000 Million
Issued, Subscribed & Paid-up Capital : INR 48559.050 Million
As on 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6000000000 |
Equity Shares |
INR 10/- each |
INR 60000.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4855904964 |
Equity Shares |
INR 10/- each |
INR
48559.000 Million |
|
|
Less : Shares held under IOC Shares Trust |
|
INR 1165.600
Million |
|
|
Total |
|
INR 47393.400 Million |
A. Reconciliation of
No. of Equity Shares
|
Opening Balance |
2427952482 |
|
Shares Issued |
2427952482 |
|
Closing Balance |
4855904964 |
B. Terms/Rights
attached to equity shares
The company has only one class of equity shares having par value of INR 10 each and is entitled to one vote per share. The dividend proposed by Board of Directors is subject to the approval of the shareholders in the ensuing Annual General Meeting. In the event of liquidation of the corporation, the holders of equity shares will be entitled to receive the remaining assets of the company in proportion to the number of equity shares held.
C. Details of
shareholders holdings more than 5% shares
|
Name of Shareholders |
March-17 |
|
|
|
Number of shares
held |
Percentage of
Holding |
|
President of India |
2784280657 |
57.34 |
|
Oil and Natural Gas Corporation Limited |
668607628 |
13.77 |
|
Life Insurance Corporation of India |
375354812 |
7.73 |
During the year
2016-17, President of India disinvested:
i) 7139518 shares of the company under “Offer for Sale” in favour of the employees of the Corporation in May 2016.
ii) 33276129 equity shares in January 2017 and 12464272 equity shares in March 2017 in favour of Central Public Sector Enterprises Exchange Traded Fund.
For the period of
preceding five years as on the Balance Sheet date, the:
|
Aggregate number and class of shares allotted as fully paid up pursuant to contract(s) without payment being received in cash |
NIL |
|
Aggregate number of shares allotted as fully paid up by way of bonus shares (in October 2016) |
2427952482 |
|
Aggregate number and class of shares bought back |
NIL |
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET (STANDALONE)
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
47393.400 |
23696.700 |
24279.500 |
|
(b) Reserves &
Surplus |
949893.800 |
857646.400 |
655420.200 |
|
(c) Money received
against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application
money pending allotment |
0.000 |
0.000 |
0.000 |
|
Total Shareholders’ Funds
(1) + (2) |
997287.200 |
881343.100 |
679699.700 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
203120.400 |
249375.600 |
327312.600 |
|
(b) Deferred tax
liabilities (Net) |
67592.300 |
68589.900 |
67202.100 |
|
(c) Other long term
liabilities |
209635.200 |
181569.200 |
152163.900 |
|
(d) long-term provisions |
29269.800 |
23862.900 |
22553.800 |
|
Total Non-current
Liabilities (3) |
509617.700 |
523397.600 |
569232.400 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
300727.600 |
175458.100 |
169793.100 |
|
(b) Trade payables |
301074.800 |
223318.200 |
291997.700 |
|
(c) Other current
liabilities |
294178.100 |
303694.900 |
233107.700 |
|
(d) Short-term provisions |
189247.300 |
97829.800 |
254664.100 |
|
Total Current Liabilities
(4) |
1085227.800 |
800301.000 |
949562.600 |
|
|
|
|
|
|
TOTAL |
2592132.700 |
2205041.700 |
2198494.700 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
1069007.300 |
905945.900 |
656247.700 |
|
(ii) Intangible Assets |
9787.600 |
7523.800 |
6267.000 |
|
(iii) Capital
work-in-progress |
102233.600 |
203295.600 |
355640.900 |
|
(iv) Intangible assets
under development |
5144.600 |
6955.200 |
7594.100 |
|
(b) Non-current
Investments |
401091.900 |
300856.600 |
166285.800 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
11808.900 |
11277.800 |
77408.900 |
|
(e) Other Non-current
assets |
65181.800 |
62279.700 |
945.600 |
|
Total Non-Current Assets |
1664255.700 |
1498134.600 |
1270390.000 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
71954.100 |
70957.400 |
72709.100 |
|
(b) Inventories |
624011.400 |
387391.100 |
455438.500 |
|
(c) Trade receivables |
85023.700 |
75486.000 |
67581.700 |
|
(d) Cash and cash
equivalents |
865.000 |
5129.400 |
1156.200 |
|
(e) Short-term loans and
advances |
17585.300 |
7328.600 |
283274.200 |
|
(f) Other current assets |
128437.500 |
160614.600 |
47945.000 |
|
Total Current Assets |
927877.000 |
706907.100 |
928104.700 |
|
|
|
|
|
|
TOTAL |
2592132.700 |
2205041.700 |
2198494.700 |
PROFIT
& LOSS ACCOUNT (STANDALONE)
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
4453729.100 |
4068279.900 |
4375242.300 |
|
|
Other Income |
42085.800 |
23221.600 |
41459.500 |
|
|
TOTAL |
4495814.900 |
4091501.500 |
4416701.800 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
1569102.500 |
1422655.300 |
2053122.900 |
|
|
Purchases of
Stock-in-Trade |
1419254.900 |
1436288.100 |
1775339.000 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(152598.000) |
34792.000 |
82160.700 |
|
|
Employees benefits
expense |
96578.900 |
71140.200 |
71047.800 |
|
|
Excise Duty |
854997.500 |
596515.600 |
0.000 |
|
|
Income
/ (Expenses) pertaining to Prior Periods |
0.000 |
0.000 |
75.600 |
|
|
Exceptional Items |
0.000 |
(13642.500) |
(16680.900) |
|
|
Other expenses |
348582.700 |
296402.800 |
292044.500 |
|
|
TOTAL |
4135918.500 |
3844151.500 |
4257109.600 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
359896.400 |
247350.000 |
159592.200 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
34454.300 |
30898.900 |
34352.700 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
325442.100 |
216451.100 |
125239.500 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
62229.700 |
48185.700 |
45286.600 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
263212.400 |
168265.400 |
79952.900 |
|
|
|
|
|
|
|
Less |
TAX |
72148.400 |
55843.100 |
27222.600 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
191064.000 |
112422.300 |
52730.300 |
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE
BROUGHT FORWARD |
--- |
--- |
--- |
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
Interim Dividend paid |
1272.000 |
8531.000 |
0.000 |
|
|
Final Dividend |
300.000 |
2014.000 |
16024.500 |
|
|
Corporate Dividend Tax |
324.000 |
2177.000 |
3262.200 |
|
|
Insurance Reserve (Net) |
3.000 |
20.000 |
1938.000 |
|
|
Bond Redemption Reserve |
69.000 |
466.000 |
6934.600 |
|
|
CSR Reserve (Net) |
0.000 |
(1.000 |
(8.400 |
|
|
General Reserve |
880.000 |
5899.000 |
26323.600 |
|
|
Total |
2848.000 |
19106.000 |
54474.500 |
|
|
|
|
|
|
|
|
Balance Carried to the
B/S |
--- |
--- |
--- |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
Exports |
14315.000 |
138740.500 |
155675.600 |
|
|
Income
from Royalty |
0.000 |
3.300 |
4.000 |
|
|
Interest |
0.000 |
7.200 |
0.000 |
|
|
Commodity
Hedging |
0.000 |
114.800 |
2965.400 |
|
|
Others |
0.000 |
370.800 |
454.900 |
|
|
TOTAL EARNINGS |
14315.000 |
139236.600 |
159099.900 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Crude
Oil |
NA |
108986.5 |
1650654.2 |
|
|
Natural
Gas |
NA |
14254.1 |
5233.1 |
|
|
Base
Oil |
NA |
0 |
0 |
|
|
Additives |
NA |
1024.9 |
911.6 |
|
|
Capital
Goods |
NA |
2561.2 |
2948.8 |
|
|
Other Raw Materials |
NA |
120.2 |
10.5 |
|
|
Revenue Stores,
Component, Spare and Chemicals |
NA |
5671 |
9443.2 |
|
|
TOTAL IMPORTS |
NA |
132617.900 |
1669201.400 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
40.31 |
23.72 |
21.72 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
4,4347.000 |
103968.200 |
55344.400 |
|
Cash generated from operations |
344767.500 |
160074.000 |
467790.700 |
|
Net cash flow from operating activity |
277512.300 |
229442.600 |
445294.000 |
QUARTERLY RESULTS
|
Particulars |
30.06.2017 |
30.09.2017 |
|
Audited / Unaudited |
Unaudited |
Unaudited |
|
|
1st Quarter |
2nd Quarter |
|
Net Sales |
1281905.000 |
1106370.700 |
|
Total Expenditure |
1201909.300 |
1032638.200 |
|
PBIDT (Excl OI) |
79995.700 |
73732.500 |
|
Other Income |
12276.100 |
5877.600 |
|
Operating Profit |
92271.800 |
79610.100 |
|
Interest |
7180.400 |
7726.000 |
|
Exceptional Items |
NA |
NA |
|
PBDT |
85091.400 |
71884.100 |
|
Depreciation |
17213.100 |
16970.000 |
|
Profit Before Tax |
67878.300 |
54914.100 |
|
Tax |
22393.200 |
17951.200 |
|
Provisions and contingencies |
NA |
NA |
|
Profit After Tax |
45485.100 |
36962.900 |
|
Extraordinary Items |
NA |
NA |
|
Prior Period Expenses |
NA |
NA |
|
Other Adjustments |
NA |
NA |
|
Net Profit |
45485.100 |
36962.900 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
6.97 |
6.77 |
5.64 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
52.38 |
53.89 |
64.74 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
36.77 |
28.51 |
27.84 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.58 |
0.64 |
0.35 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.30 |
0.22 |
0.16 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.51 |
0.52 |
0.61 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.55 |
0.60 |
0.81 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
1.09 |
0.91 |
1.40 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
1.19 |
1.28 |
1.51 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
10.45 |
8.01 |
4.65 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
4.29 |
2.76 |
1.21 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
7.37 |
5.10 |
2.40 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
19.16 |
12.76 |
7.76 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
0.86 |
0.88 |
0.98 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
0.28 |
0.40 |
0.50 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.38 |
0.40 |
0.31 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
11.57 |
22.32 |
22.75 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
0.86 |
0.88 |
0.98 |
Total Liability = Short-term Debt + Long-term
Debt + Current Maturities of Long-term debts
STOCK PRICES
|
Face Value |
INR 10.00/- |
|
Market Value |
INR 392.20/- |
FINANCIAL ANALYSIS
[all figures are
INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Share Capital |
24279.500 |
23696.700 |
47393.400 |
|
Reserves & Surplus |
655420.200 |
857646.400 |
949893.800 |
|
Net
worth |
679699.700 |
881343.100 |
997287.200 |
|
|
|
|
|
|
Long Term borrowings |
327312.600 |
249375.600 |
203120.400 |
|
Short Term borrowings |
169793.100 |
175458.100 |
300727.600 |
|
Current Maturities of Long term debt |
55344.400 |
103968.200 |
44347.000 |
|
Total
borrowings |
552450.100 |
528801.900 |
548195.000 |
|
Debt/Equity
ratio |
0.813 |
0.600 |
0.550 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales
|
4375242.300 |
4068279.900 |
4453729.100 |
|
|
|
(7.016) |
9.475 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales
|
4375242.300 |
4068279.900 |
4453729.100 |
|
Profit |
52730.300 |
112422.300 |
191064.000 |
|
|
1.21% |
2.76% |
4.29% |
ABRIDGED
BALANCE SHEET – (CONSOLIDATED)
|
SOURCES OF FUNDS |
|
31.03.2017 |
31.03.2016 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
47393.400 |
23696.700 |
|
(b) Reserves &
Surplus |
|
973567.600 |
876099.400 |
|
(c) Money received
against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
|
0.000 |
0.000 |
|
(3) Non controlling
Interest |
|
19045.600 |
14260.400 |
|
Total Shareholders’ Funds
(1) + (2) |
|
1040006.600 |
914056.500 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
|
255459.300 |
279413.000 |
|
(b) Deferred tax
liabilities (Net) |
|
68886.600 |
69707.000 |
|
(c) Other long term
liabilities |
|
210039.000 |
181877.900 |
|
(d) long-term provisions |
|
32259.100 |
26341.200 |
|
Total Non-current
Liabilities (3) |
|
566644.000 |
557339.100 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
332841.000 |
202079.000 |
|
(b) Trade payables |
|
311696.800 |
243366.400 |
|
(c) Other current
liabilities |
|
293756.600 |
300138.500 |
|
(d) Short-term provisions |
|
190665.400 |
98574.800 |
|
Total Current Liabilities
(4) |
|
1128959.800 |
844158.700 |
|
|
|
|
|
|
TOTAL |
|
2735610.400 |
2315554.300 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
1149729.800 |
992744.900 |
|
(ii) Intangible Assets |
|
9848.100 |
7588.900 |
|
(iii) Capital
work-in-progress |
|
129926.700 |
220187.500 |
|
(iv) Intangible assets
under development |
|
37857.300 |
42002.400 |
|
(b) Non-current
Investments |
|
362178.300 |
240890.500 |
|
(c) Deferred tax assets
(net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
11833.800 |
11336.000 |
|
(e) Other Non-current
assets |
|
68131.200 |
63453.900 |
|
Total Non-Current Assets |
|
1769505.200 |
1578204.100 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
74694.100 |
70957.400 |
|
(b) Inventories |
|
658843.300 |
422567.200 |
|
(c) Trade receivables |
|
88991.900 |
76845.000 |
|
(d) Cash and cash
equivalents |
|
4097.500 |
10503.600 |
|
(e) Short-term loans and
advances |
|
17756.800 |
7557.000 |
|
(f) Other current assets |
|
121721.600 |
148920.000 |
|
Total Current Assets |
|
966105.200 |
737350.200 |
|
|
|
|
|
|
TOTAL |
|
2735610.400 |
2315554.300 |
PROFIT
& LOSS ACCOUNT– (CONSOLIDATED)
|
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
|
SALES |
|
|
|
|
|
Income |
|
4537258.400 |
4148211.100 |
|
|
Other Income |
|
38723.900 |
21864.900 |
|
|
TOTAL |
|
4575982.300 |
4170076.000 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
|
1798340.500 |
1641789.700 |
|
|
Purchases of
Stock-in-Trade |
|
1103771.000 |
1172663.700 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
(150921.300) |
35782.000 |
|
|
Employees benefits
expense |
|
102040.200 |
75018.000 |
|
|
Excise Duty |
|
984157.300 |
687763.700 |
|
|
Exceptional Items |
|
(6400.600) |
(2455.100) |
|
|
Exceptional items |
|
0.000 |
(13642.500) |
|
|
Other expenses |
|
359738.400 |
300765.100 |
|
|
TOTAL |
|
4190725.500 |
3897684.600 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
|
385256.800 |
272391.400 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
|
37212.600 |
34689.900 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
|
348044.200 |
237701.500 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/ AMORTISATION
|
|
68486.200 |
56983.900 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
|
279558.000 |
180717.600 |
|
|
|
|
|
|
|
Less |
TAX |
|
75704.000 |
56584.400 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
|
203854.000 |
124133.200 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
41.88 |
25.37 |
LITIGATION DETAILS
|
CASE DETAILS |
||||||||||
|
Bench:- Bombay |
||||||||||
|
Presentation:- 13.05.2016 |
||||||||||
|
Stamp No.:- |
ARBPL/662/2016 |
Failing Date:- |
13.05.2016 |
Reg. No.:- |
ARBP/812/2016 |
Reg. Date:- |
13.06.2016 |
|||
|
Petitioner:- |
MAHESH AND COMPANY |
Respondent:- |
INDIAN OIL CORPORATION LIMITED |
|||||||
|
Petn.Adv:- |
NN BHADRASHETE (I3371) |
Resp.Adv.: |
RMG LAW ASSOCIATES (293) |
|||||||
|
District:- |
OUTSIDE MAHARASHTRA |
|||||||||
|
Bench:- |
SINGLE |
|||||||||
|
Status:- |
Amitted (Unread) |
Category : |
ARBITRATION ACT. |
|||||||
|
Next Date:- |
15.01.2018 |
Stage:- |
FOR HEARING AND FINAL DISPOSAL |
|||||||
|
Coram:- |
PROVISIONAL BOARD |
|
||||||||
|
Last Date : |
04.08.2016 |
Stage:- |
ARBP FOR ADMISSION – FRESH |
|||||||
|
Last Coram:- |
HON’BLE SHRI JUSTICE R.D. DHANUKA |
|||||||||
|
Act:- |
Arbitration Shri Conciliation Act 1996 |
Under Section :- |
34 |
|||||||
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 |
CORPORATE INFORMATION
The stand-alone financial statements of the Company are for the year ended 31st March 2017.
The company is a public company domiciled in India and is
incorporated under the provisions of the Companies Act applicable in India. Its
shares are listed on two recognised stock exchanges in India. The registered
office of the company is located at IndianOil Bhavan, G-9, Ali Yavar Jung Marg,
Bandra (East), Mumbai.
IOCL is India’s Maharatna national oil company with business interests straddling the entire hydrocarbon value chain - from Refining, Pipeline Transportation and Marketing of Petroleum Products to Research and Development, Exploration and Production, Marketing of Natural Gas and Petrochemicals.
The stand-alone financial statements were approved for issue in accordance with a resolution of the Board of directors on 25th May, 2017.
OPERATIONAL
PERFORMANCE
Refineries
IndianOil refineries achieved the highest ever crude throughput of 65.19 million tonnes during the year 2016-17 as against a 56.69 million tonnes in 2015-16. The capacity utilisation (excluding Paradip Refinery) was 105.1 per cent as against 103.7 during 2015-16. The refineries (excluding Paradip Refinery) also achieved the best performance in energy parameters of Fuel and Loss, Specific Energy Consumption (MBN) and Energy Intensity Index (EII) at 8.49 per cent, 74.9 and 101.5 respectively, as against 8.53,76.6 and 101.8 registered during 2015-16.
The Paradip Refinery, which was commissioned and began operations in March 2016 in a phased manner, has fully stabilised and achieved an overall capacity utilisation of 54.9% in 2016-17, touching a peak of 96.4% in March 2017. It has achieved 100% capacity utilisation in May 2017.
All the refineries of the Corporation have commenced supplies of BS-IV grade auto-fuels w.e.f. 1st April, 2017. During the year, three new crude oil varieties were processed for the first time at various refineries, which have been added to the crude oil basket with an objective to widen the crude oil basket and to tie-up new crude oil sources for de-risking the crude oil procurement process.
Pipelines
IndianOil Pipelines achieved the highest ever throughput of 82.49 million tonnes during the financial year 2016-17 as against a throughput of 79.82 million tonnes in 2015-16. The crude oil pipelines recorded the highest ever annual throughput of 51.34 million tonnes, which is 1.6 per cent higher than the previous year’s throughput of 50.54 million tonnes. The petroleum product pipelines also recorded the highest ever throughput of 31.15 million tonnes as against 29.28 million tonnes achieved last year, registering a growth of 6.4%. The gas pipelines achieved the highest ever throughput of 1,587 MMSCM during the year, as against a throughput of 1,380 MMSCM in 2015-16. With the commissioning of 1,102 km of new pipeline sections during the year, the total length of the pipeline network of crude oil, product and gas pipelines as on 31st March, 2017 expanded to 12,848 km.
Marketing
The Corporation dominated the domestic market with a market share of 42.9% and sold 74.11 million tonnes of petroleum products during the year, as against 72.60 million tonnes during the previous year. In addition, 4.72 million tonnes of petroleum products were exported during the current year as against 3.46 million tonnes exported during the previous year. The Corporation took several exceptional initiatives during the year in ensuring the supply of petroleum products in exceptional situations, which include supply to Tripura via Bangladesh, airlifting fuel supply to curfew-struck Manipur, supplies in Kashmir valley and cyclone-hit Chennai, etc.
During the year, the Corporation commissioned 881 retail outlets (fuel stations, including 365 Kisan Seva Kendra outlets in rural areas) taking their total number to 26,212. In addition, CNG facilities were commissioned at 90 retail outlets during the year. The Kisan Seva Kendra (KSK) outlets of the Corporation increased their contribution to the total sales of the Corporation with Petrol (Retail) touching a new high of 14.7% and Diesel (Retail) touching 14.6%. The Corporation continued with its focus on the use of alternative energy, and 2,441 retail outlets were converted to operate on solar energy during the year, taking their number to 6,607. Health and eye check-up of over 75,000 truck drivers was carried out at the retail outlets and transport hubs during the year.
Indian Oil released the highest ever new domestic LPG connections to INR 15.300 Million customers, raising the Indane customer strength to INR 114.400 Million. Out of INR 15.300 Million new connections, INR 9.325 Million connections were released under Pradhan Mantri Ujjwala Yojana (PMUY), the flagship scheme of the Government of India to the women of poor households with an objective to improve the health of poor families by providing clean cooking fuel. Additional bottling capacities of 570 TMTPA and tankages of 7,200 MT capacity were added during the year to meet the increased demand.
IndianOil’s flagship lubricant brand SERVO maintained its market leadership position during the year and finished lube sales registered a growth of 2.3 per cent over the previous year. 17 new lube grades were introduced during 2016-17 and 26 product approvals were obtained from Original Equipment Manufacturers (OEMs).
IndianOil’s Aviation Service continued to maintain its leadership position during the year with a market share of 59.3 per cent. During the year, the Corporation commissioned its aviation fuel stations at Barrackpore, Sunabebda, Shimla and Bhuj.
AWARDS AND
RECOGNITIONS
- IndianOil retained its position as the top-ranked Indian company among the world’s largest corporates in the prestigious Fortune ‘Global 500’ listing for 2017. The Company has also retained its top position in the annual rankings of Business Today (BT- 500), Businessworld (BW-500), Business Standard (BS-1000), The Economic Times (ET-500) and Financial Express (FE-1000) by net revenue.
- IndianOil’s Refineries Headquarters at New Delhi became the first stand-alone office set-up in the world to win TPM Excellence Award-2016. The award was presented at an exclusive function held in Kyoto, Japan, on 23rd March, 2017.
- IndianOil bagged the Reader’s Digest Most Trusted Brand Award in the Petrol Station category for the 10th consecutive year.
- Brand IndianOil was conferred Superbrand status for the fourth two-year term in a row by M/s. Superbrand India Pvt. Ltd., a leading global consumer survey brand.
- IndianOil won the 10th Express, Logistics and Supply Chain Leadership Award consecutively for the 9th time in a row, in the category of “Excellence in Manufacturing Supply Chain – Oil and Gas”.
- IndianOil’s Supplies and Distribution dept., Marketing HO, bagged the Supply Chain and Logistics Excellence Award (SCALE Award) of the Confederation of Indian Industry (CII).
- IndianOil’s Rural Cards initiative at KSK outlets bagged the Flame Awards Silver Trophy, instituted by the Rural Marketing Association of India (RMAI), under the category “Channel Marketing/Retail Incentive Initiative.”
- IndianOil bagged the Silver Award for “Outstanding 2016-17, a national award on e-Governance.
- IndianOil bagged the prestigious Dun and Bradstreet Infra Award for excellent project implementation of reverse osmosis plant at its Gujarat Refinery.
- IndianOil’s Panipat Refinery was awarded the first prize at the International Corrosion Forum “CORCON-2016” organized by NACE international for its technical paper on “Corrosion in duplex stainless steel tube bundles of crude distillation overhead exchangers.”
- Bongaigaon Refinery has been conferred the ‘BE Star Recognition-2016’ as ‘Leader - Excellence in Operations Management’ by CII.
- Jawaharlal Nehru Centenary Award for Energy Performance (2014-15) for the Lowest Specific Energy Consumption (MBN) was presented to IndianOil’s Mathura Refinery (Group 1) and Panipat Refinery (Group 2). Performance in Citizen-Centric Service Delivery” for the year
- IndianOil’s Bongaigaon Refinery won the Oil and Gas Conservation Fortnight-2015 Award for Lowest Steam Leaks in Group-1 category.
- Panipat Refinery bagged the CHT award for best performance in carbon dioxide emissions for the year 2014-15.
- Panipat Refinery won the prestigious 1st Level National Kaizen award in Renovative category for its Kaizen on the theme “Shockdosing Provision in PRE Cooling Towers” at the 27th National Kaizen Conference held by CII TPM Club of India in June 2016.
- Mathura Refinery was awarded “Safety Innovation Award 2016” by The Institution of Engineers, Delhi State Centre.
- IndianOil’s Salaya-Mathura Pipeline received the Oil Industry Safety Award instituted by the Oil Industry Safety Directorate under Crude Oil Pipelines category.
- IndianOil also received Governance Now PSU Award 2016 (Jury’s Choice) for its overall CSR activities.
- IndianOil won the National Talent Management Leadership Award-2016 at the fifth edition of the National Awards for Bestin- Class Learning and Development, instituted by World HRD Congress.
- IndianOil bagged the ‘HR Innovation Awards 2016’ in the category of ‘Best HR Team of the Year” at a ceremony organized by The Guild, HT Mint Connect, CNBC TV18 and Talent Vouch.
- IndianOil’s Marketing Division bagged the ‘25th Global HR Excellence Awards 2017’ in Times Ascent World HRD Congress in the category of ‘Talent Management’ from among 150 competitors.
- IndianOil’s Training and Development group in Marketing Division HO bagged the ‘National Talent Management Leadership Award 2016’ in the category of ‘Best Onboarding Programme’ for its flagship Common Corporate Induction Module (CCIM), Marketing Induction Module (MIM), Mentoring and On-the- Job Training Module.
- IndianOil was adjudged as the ‘Best Enterprise’ at the 27th National Meet of Forum of Women in Public Sector (WIPS).
PROJECTS
IndianOil continues to lay emphasis on infrastructure development and has been consistently investing in several projects across the country. The dedicated project teams of IndianOil ensure that implementation of the projects from the idea stage to commissioning is done seamlessly. The projects are financed through an optimum mix of internal accruals and borrowings from domestic as well as international markets. The details of the projects – completed, ongoing and future – are as under:-
Completed Projects
- Reverse osmosis plant at Gujarat Refinery
- Revamp of Coker-A Unit at Barauni Refinery
- IndaDeptG Unit at Guwahati Refinery
- Augmentation of Paradip-Haldia-Barauni Pipeline
- 351-km of pipeline sections as part of Salaya-Mathura Pipeline debottlenecking project
- Jatni-Raipur section of Paradip-Raipur-Ranchi pipeline project along with branch pipelines to Jharsuguda and Korba involving 751 km pipeline section
- Product storage depots at Imphal, Jharsuguda and Korba
- Replacement of mainline pumping units in Salaya-Mathura Pipeline
Ongoing Projects
- Distillate yield improvement project at Haldia Refinery
- Petcoke evacuation project at Paradip
- Propylene Unit at Paradip Refinery
- BS-VI projects at all refineries
- Installation of INDMAX Unit alongwith associated facilities at Bongaigaon Refinery
- Jharsuguda-Khunti section of Paradip-Raipur-Ranchi product pipeline
- Paradip-Haldia-Durgapur LPG pipeline
- Paradip-Hyderabad pipeline
- Augmentation of Paradip-Haldia-Durgapur LPG pipeline and its extension up to Patna and Muzaffarpur
- Jaipur-Panipat naphtha pipeline, along with augmentation of Koyali-Sanganer pipeline
- CBR-Trichy pipeline
- Ennore-Trichy-Madurai LPG pipeline
- Ennore-Nagapattinam-Tuticorin-Madurai-Bengaluru natural gas pipeline
- 18” Haldia-Barauni pipeline
- Branch pipeline on Barauni-Kanpur pipeline to Baitalpur and Motihari
- Motihari-Amlekhgunj pipeline
- Koyali-Ahmednagar-Solapur pipeline
- Augmentation of Chennai-Trichy-Madurai pipeline
- LPG import terminal at Paradip and Kochi
- Augmentation of LPG terminal at Kandla
- LPG bottling plants at Banka, Gorakhpur, Bathinda, Goindwal Sahib, Agartala, Jabalpur, Nagpur, Salem, Gwalior, Sitarganj, Trishundi, Korba and Khurda
- LPG terminal at Paradip
- Product storage depots at Khunti (Jharkhand), Una (H.P.), Guntakal (A.P.) and Asanur (T.N.)
- 5-MMTPA LNG import terminal project at Ennore (through a Joint Venture Company)
Future Projects
- Barauni Refinery expansion project
- Expansion of Naphtha Cracker Unit and revamp of MEG Unit at Panipat
- Expansion of PX/PTA Plant at Panipat Refinery
- Installation of Indjet Unit at Barauni Refinery
- Guwahati-Silchar-Imphal product pipeline
- Dahej-Koyali natural gas pipeline
- Augmentation of Paradip-Haldia-Barauni pipeline
- 60 MMTPA West Coast Refinery in Maharashtra through a Joint Venture Company.
UNSECURED LOAN
|
Unsecured Loan |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Bonds |
|
|
|
Foreign Currency Bonds |
83315.000 |
85825.800 |
|
Senior Notes (Bank of America) |
6485.500 |
13252.000 |
|
Term Loans: |
|
|
|
From Banks/
Financial Institutions |
|
|
|
In Foreign Currency Loans |
57739.600 |
86414.700 |
|
|
|
|
|
Short-term
borrowings |
|
|
|
Loans Repayable on
Demand |
|
|
|
From Banks/
Financial Institutions |
|
|
|
In Foreign Currency |
202967.900 |
96095.700 |
|
In Rupee |
2255.600 |
15.900 |
|
From Others |
|
|
|
Commercial Papers |
17973.100 |
0.000 |
|
|
|
|
|
Total |
370736.700 |
281604.100 |
INDEX
OF CHARGES:
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of
Modification |
Date of
Satisfaction |
Amount |
Address |
|
1 |
C58417601 |
10578927 |
OIL INDUSTRY DEVELOPMENT BOARD |
22/06/2015 |
- |
- |
7112500000.0 |
301, WORLD TRADE CENTRE,BABAR ROAD,NEW DELHIDL110001IN |
|
2 |
C49138084 |
10559206 |
OIL INDUSTRY DEVELOPMENT BOARD |
19/03/2015 |
- |
- |
4200000000.0 |
301, WORLD TRADE CENTRE,BABAR ROAD,NEW DELHIDL110001IN |
|
3 |
B97843098 |
10481123 |
OIL INDUSTRY DEVELOPMENT BOARD |
07/02/2014 |
- |
- |
5720000000.0 |
301, WORLD TRADE CENTRE,BABAR ROAD,NEW DELHIDL110001IN |
|
4 |
B70013008 |
10409821 |
OIL INDUSTRY DEVELOPMENT BOARD |
11/02/2013 |
- |
- |
10500000000.0 |
301, WORLD TRADE CENTRE,BABAR ROAD,NEW DELHIDL110001IN |
|
5 |
A60420684 |
10153713 |
OIL INDUSTRY DEVELOPMENT BOARD |
30/03/2009 |
- |
- |
5270000000.0 |
301, WORLD TRADE CENTRE,BABAR ROAD,NEW DELHIDL110001IN |
|
6 |
A60421989 |
10153614 |
OIL INDUSTRY DEVELOPMENT BOARD |
30/03/2009 |
- |
- |
17000000000.0 |
301, WORLD TRADE CENTRE,BABAR ROAD,NEW DELHIDL110001IN |
|
7 |
A60420031 |
10153612 |
OIL INDUSTRY DEVELOPMENT BOARD |
30/03/2009 |
- |
- |
14230000000.0 |
301, WORLD TRADE CENTRE,BABAR ROAD,NEW DELHIDL110001IN |
|
8 |
B71759336 |
10131502 |
SBICAP TRUSTEE COMPANY LIMITED |
02/12/2008 |
11/03/2013 |
- |
15000000000.0 |
202, MAKER TOWER, 'E', CUFFE PARADE,COLABA,MUMBAIMH400005IN |
|
9 |
B72293244 |
10094961 |
HDFC BANK LIMITED |
12/03/2008 |
19/03/2013 |
- |
62000000000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
10 |
B84800960 |
80043525 |
STATE BANK OF INDIA |
25/05/1999 |
03/09/2013 |
- |
223000000000.0 |
Corporate Accounts Group, MumbaiNeville House, 3rd floor, J.N. Heredia Marg,MumbaiMH400001IN |
STATEMENT OF
STANDALONE UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND SIX MONTHS ENDED 30TH
SEPTEMBER 2017
|
|
|
Particulars |
quarter ended |
quarter ended |
6 months ended |
|
|
|
|
30.09.2017 |
30.06.2017 |
30.09.2017 |
|
|
|
Income from
Operations |
|
|
|
|
|
|
Sales/Income from Operations (Gross) |
1106370.700 |
1281905.0000 |
2388275.700 |
|
|
|
b) Other Operating Income |
5877.600 |
12276.100 |
18153.700 |
|
|
Total Income from
Operations (Net) |
1112248.300 |
1294181.100 |
2406429.400 |
|
|
|
Expenses |
|
|
|
|
|
|
a) |
Cost of Materials consumed |
387264.500 |
456080.300 |
843344.800 |
|
|
b) |
Excise Duty |
200703.500 |
227562.700 |
428266.200 |
|
|
c) |
Purchase of Stock-in-trade |
349757.000 |
324973.200 |
704730.200 |
|
|
d) |
Changes in inventories of finished goods, work-in-progress and
stock-in-trade |
(4041.500) |
67192.900 |
63151.400 |
|
|
e) |
Employee benefit expenses |
23639.800 |
24140.600 |
47780.400 |
|
|
f) |
Finance Costs |
7226.000 |
7180.400 |
14906.400 |
|
|
g) |
Depreciation and amortization expense |
16970.000 |
17213.100 |
34183.100 |
|
|
h) |
Other expenses |
75314.900 |
71959.600 |
147274.500 |
|
|
Total Expenses |
1057334.200 |
1226302.800 |
2283637.000 |
|
|
|
|
|
|
|
|
|
|
Profit /(Loss) from
ordinary activities after finance costs but before exceptional items |
54914.100 |
67878.300 |
122792.400 |
|
|
|
Exceptional Items |
-- |
-- |
-- |
|
|
|
Profit /(Loss) from
ordinary activities before tax |
54914.100 |
67878.300 |
122792.400 |
|
|
|
Tax Expense |
17951.200 |
22393.200 |
40344.400 |
|
|
|
Net Profit /(Loss)
from ordinary activities after tax |
36962.900 |
45485.100 |
82448.000 |
|
|
|
Other Comprehensive
Income: |
|
|
|
|
|
|
A |
|
|
|
|
|
|
- Items that will be reclassified to profit or loss |
19177.900 |
(30616.300) |
(11438.400) |
|
|
|
- Income tax relating to items that will be reclassified to profit or loss |
-- |
-- |
-- |
|
|
|
B |
|
|
|
|
|
|
- Items that will be reclassified to profit or loss |
(216.900) |
1211.100 |
994.200 |
|
|
|
- Income tax relating to items that will be reclassified to profit or loss |
65.700 |
(345.100) |
(279.400) |
|
|
|
Other Comprehensive Income for the year, net of taxes |
19026.700 |
(29750.300) |
(10723.600) |
|
|
|
|
|
|
|
|
|
|
Total Other
Comprehensive Income for the period |
55989.600 |
15734.800 |
71724.400 |
|
|
|
|
|
|
|
|
|
|
Paid up equity share capital (Eq. shares of INR 10/- each) |
48559.000 |
48559.000 |
48559.000 |
|
|
|
Reserve excluding revaluation reserves |
|
|
|
|
|
|
|
Earnings per share (before/after extraordinary items) of Rs.10/- each |
|
|
|
|
|
|
Basic & Diluted |
7.80 |
9.60 |
17.40 |
STATEMENT OF ASSETS ANS LIABILITIES AS ON 30TH SEPTEMBER
2017
|
SOURCES
OF FUNDS |
30.09.2017 |
|
|
(Unaudited) |
|
|
|
Non-Current Assets |
|
|
(a) Property, Plant and
Equipment |
1091088.800 |
|
(b) Capital Work in progress |
119425.400 |
|
(c) Intangible Assets |
9899.600 |
|
(d) Intangible Assets under
development |
4821.200 |
|
(e) Financial Assets |
|
|
(i)
Investment |
|
|
Equity
Investment in Subsidiaries and Associates |
131690.800 |
|
Other
Investment |
258220.000 |
|
(ii)
Loans |
11075.200 |
|
(iii)
Other Financial Assets |
37406.700 |
|
|
|
|
(f) Income Tax Assets (net) |
3404.900 |
|
(g) Other Non-Current Assets |
34589.200 |
|
|
|
|
Total
Non- Current Assets |
1701621.800 |
|
|
|
|
Current
Assets |
|
|
(a) Inventories |
570279.100 |
|
(b) Financial Assets |
|
|
(i)
Investment |
72597.000 |
|
(ii)
Trade Receivables |
94892.000 |
|
(iii)
Cash and cash equivalents |
1619.900 |
|
(iv)
Bank Balance other than (iii) above |
245.800 |
|
(v)
Loans |
16090.700 |
|
(vi)
Other Financial Assets |
55699.600 |
|
|
|
|
(c) Current Tax Assets |
20.400 |
|
(d)
Other current Assets |
36156.500 |
|
(e) Assets Held for Disposal |
1444.800 |
|
Total
Current Assets |
849045.800 |
|
|
|
|
TOTAL
ASSETS |
2550667.600 |
|
|
|
|
(B)
EQUITY AND LIABILITIES |
|
|
|
|
|
1
EQUITY |
|
|
(a)
Equity Share Capital |
47393.400 |
|
(b)
Other Equity |
1017212.800 |
|
Equity
to overseas of the company |
1064606.200 |
|
|
|
|
2.
Non-current Liabilities |
|
|
(a) Financial Liabilities |
|
|
(i)
Borrowing |
184959.200 |
|
(ii)
Other Financial Liabilities |
215608.600 |
|
|
|
|
(b) Provisions |
29040.900 |
|
(c) Deferred Tax Liabilities |
85188.000 |
|
(d) Other Non-current
liabilities |
7010.200 |
|
|
|
|
Total
Non-current Liabilities |
521806.900 |
|
|
|
|
2.Current
Liabilities |
|
|
|
|
|
(a) Financial Liabilities |
|
|
(i) Borrowing |
170605.900 |
|
(ii) Trade payables |
276467.000 |
|
(iii) Other Financial Liabilities |
165294.700 |
|
(b) Other Current Liabilities |
204001.200 |
|
(d) Provisions |
147885.700 |
|
Total
Current Liabilities |
964254.500 |
|
|
|
|
TOTAL
EQUITY AND LIABILITIES |
2550667.600 |
SEGMENT WISE REVENUE,
RESULTS AND CAPITAL EMPLOYED FOR THE QUARTER ENDED 30th SEPTEMBER
2017
|
Particulars |
quarter ended |
quarter ended |
Half year ended |
|
Particulars |
30.09.2017 |
30.06.2017 |
30.09.2017 |
|
SEGMENT REVENUE |
|
|
|
|
a) Petroleum Products |
1070654.900 |
1238561.500 |
2309216.400 |
|
b) Petrochemical |
32904.800 |
49645.200 |
82550.000 |
|
c) Other Business Activities |
19626.400 |
26354.500 |
45980.900 |
|
Sub Total |
1123186.100 |
1314561.200 |
2437747.300 |
|
Less: Inter Segment Revenue |
16815.400 |
32656.200 |
49471.600 |
|
NET SALES/INCOME
FROM OPERATIONS |
1106370.700 |
1281905.000 |
2388275.700 |
|
|
|
|
|
|
Segment Results |
|
|
|
|
Profit/(Loss) before Tax .Exceptional items and Interest |
|
|
|
|
from each segment |
|
|
|
|
a) Petroleum Products |
48001.500 |
51212.000 |
99213.500 |
|
b) Petrochemical |
8426.900 |
15952.700 |
24379.600 |
|
c) Other Business Activities |
602.300 |
627.200 |
1229.500 |
|
Total |
57030.700 |
67791.900 |
124822.600 |
|
Less: i) Financial Charges |
7726.000 |
7180.400 |
14906.400 |
|
II) Un-allocable Income / Expenses |
(5609.400) |
(7266.800) |
(12876.200) |
|
Total Profit /
(Loss) before Tax |
54914.100 |
67878.300 |
122792.400 |
|
|
|
|
|
|
Segment Assets |
|
|
|
|
a) Petroleum Products |
1876326.500 |
1812771.300 |
1876326.500 |
|
b) Petrochemical |
146193.700 |
141419.400 |
146193.700 |
|
c) Other Business Activities |
27460.700 |
24832.800 |
27460.700 |
|
d) Un-allocated |
500686.700 |
479304.900 |
500686.700 |
|
Total Segment Assets |
2550667.600 |
2458328.400 |
2550667.600 |
|
|
|
|
|
|
Segment Liabilities |
|
|
|
|
a) Petroleum Products |
986981.200 |
995358.400 |
986981.200 |
|
b) Petrochemical |
8045.000 |
5410.100 |
8045.000 |
|
c) Other Business Activities |
15172.900 |
15056.600 |
15172.900 |
|
d) Un-allocated |
475862.300 |
429018.800 |
475862.300 |
|
Total Segment
Liabilities |
1486061.400 |
1444843.900 |
1486061.400 |
CONTINGENT
LIABILITIES:
Claims against the
Company not acknowledged as debt
Claims against the Company not acknowledged as debt amounting to INR 92516.600 Million (2016: INR 137463.000 Million; 01.04.2015: INR 123058.700 Million) are as under:
- INR 1528.000 Million (2016: INR 1430.400 Million; 01.04.2015: INR 1505.800 Million) being the demands raised by the Central Excise /Customs/ Service Tax Authorities including interest of INR 299.600 Million (2016: INR 254.800 Million; 01.04.2015: INR 230.200 Million).
- INR 735.900 Million (2016: INR 24652.700 Million; 01.04.2015: INR 18467.500 Million) in respect of demands for Entry Tax from State Governments including interest of INR 89.800 Million (2016: INR 404.600 Million; 01.04.2015: INR 3424.400 Million).
- INR 28449.000 Million (2016: INR 40473.800 Million; 01.04.2015: INR 42155.800 Million) being the demands raised by the VAT/ Sales Tax Authorities including interest of INR 14166.400 Million (2016: INR 20789.600 Million; 01.04.2015: INR 14829.800 Million).
- INR 23634.800 Million (2016: INR 39531.400 Million; 01.04.2015: INR 30785.200 Million) in respect of Income Tax demands including interest of INR 5945.700 Million (2016: INR 9750.300 Million; 01.04.2015: INR 2569.500 Million).
- INR 26560.000 Million (2016: INR 21225.700 Million; 01.04.2015: INR 21641.700 Million) including INR 24018.800 Million (2016: INR 17015.300 Million; 01.04.2015: INR 1,4569.800 Million) on account of Projects for which suits have been filed in the Courts or cases are lying with Arbitrator. This includes interest of INR 442.400 Million (2016: INR 576.900 Million; 01.04.2015: INR 497.500 Million).
- INR 11608.900 Million (2016: INR 10149.000 Million; 01.04.2015: INR 8502.700 Million) in respect of other claims including interest of INR 2583.800 Million (2016: INR 2519.300 Million; 01.04.2015: INR 2669.000 Million).
- The Company has not considered those disputed demands/claims as contingent liabilities, for which, the outflow of resources has been considered as remote.
Guarantees excluding
financial guarantees
The Company has issued Corporate Guarantee in favour of three beneficiaries i.e. Bolivarian Republic of Venezuela (Republic), The Corporacion Venezolana del Petroleo S.A. and PeTroCarabobo S.A., on behalf of Indoil Netherlands B.V., Netherlands (an associate company) to fulfill the associate company’s future obligations of payment of signature bonus / equity contribution / loan to the beneficiaries. The total amount sanctioned by the Board of Directors is USD 424 million. The estimated amount of such obligation (net of amount paid) is ` 2,376.09 crore - USD 366.37 million (2016: INR 24275.600 Million – USD 366.37 million; 01.04.2015: INR 22956.300 Million - USD 367.27 million).
The company has entered into Master Guarantee Agreement, on behalf of its subsidiaries viz. Indoil Global B.V. and Indoil Montney Ltd. for all of its payments and performance obligations under the various Project Agreements entered by the subsidiaries with PETRONAS Carigali Canada B.V. and Progress Energy Canada Ltd. The total amount sanctioned by the Board of Directors is CAD 39247.600 million. The estimated amount of such obligation (net of amount paid) is INR 115709.700 Million - CAD 2,3807.400 million (2016: INR 122010.600 crore – CAD 23821.100 million; 01.04.2015: INR 124787.100 Million - CAD 25475.100 million).
The company has issued Corporate Guarantee, on behalf of IndianOil Adani Gas Private Limited (IOAGPL), to the extent of obligations of later company under Performance Bank Guarantee Facility provided to IOAGPL by ‘State Bank of India, Syndicate Bank, Canara Bank, Bank of Baroda and Axis bank’. The Company’s share of such obligation is estimated at INR 2,471.38 crore (2016: INR 24713.800 Million, 01.04.2015: Nil).
The Company has issued Corporate Guarantee, on behalf of IndianOil LNG Private Limited (IOLPL), to the extent of obligations of IOLPL under Performance Bank Guarantee Facility provided to IOLPL by State Bank of India. The estimated amount of such obligation is at INR 11.40 crore (2016: NIL, 01.04.2015: NIL).
Other money for which
the company is contingently liable
Pending decision of the Government, no liability could be determined and provided for in respect of additional compensation, if any, payable to the land owners and the Government for certain lands acquired.
FIXED ASSETS
- Land – Freehold
- Land – Leasehold
- Buildings, Roads etc.
- Plant and Equipment
- Office Equipments
- Transport Equipments
- Furniture and Fixtures
- Railway Sidings
- Drainage, Sewage and Water Supply System
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 63.38 |
|
|
1 |
INR 86.02 |
|
Euro |
1 |
INR 76.50 |
INFORMATION DETAILS
|
Analysis Done by
: |
VRS |
|
|
|
|
Report Prepared
by : |
SUJ |
SCORE FACTORS
|
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 |
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.