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MIRA
INFORM REPORT
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Report No. : |
496144 |
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Report Date : |
12.03.2018 |
IDENTIFICATION DETAILS
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Name : |
RENEW POWER VENTURES PRIVATE LIMITED [w.e.f.14.06.2012] |
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Formerly Known
As : |
RENEW
WIND POWER PRIVATE LIMITED |
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Registered
Office : |
138, Ansal Chambers II, Bhikaji Cama Place, Delhi-110066 |
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Tel. No.: |
91-124-4896670 |
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Country : |
India |
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Financials (as
on) : |
31.03.2016 |
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Date of
Incorporation : |
19.01.2011 |
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Com. Reg. No.: |
55-291527 |
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Capital
Investment / Paid-up Capital : |
INR 2608.755 Million |
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CIN No.: [Company Identification
No.] |
U40300DL2011PTC291527 |
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IEC No.: |
Not Divulged |
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GST 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.] |
AAFCR1111D |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Generation, Transmission,
Distribution and Supply of Electricity and Providing Management Shared Services.
(Registered Activity) |
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No. of Employees
: |
Not Divulged |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
A+ |
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Credit Rating |
Explanation |
Rating Comments |
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A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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Maximum Credit Limit : |
USD 98600000 |
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Status : |
Excellent |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a subsidiary of “GS Wyvern Holdings Limited” and was
incorporated in the year 2011. It is having excellent track records. It is engaged in renewable Power Generation Business (wind and solar
power). As per Registrar of Companies the date of balance sheet (i.e. financial
filed) is shown as 31.03.2017 but the documents related to the financial for
the year 2017 are not available from any sources. For the finical year 2016, the company has healthy increased in its
revenue from operation as compared to previous year and maintain average
profitability margin of 35.31%. Rating takes into consideration strong financial profile of the
company by healthy networth base and low debt balance sheet. Further, rating also reflects from support received to the company
from its holding entity, experienced and resourceful promoters with qualified
management and significant amount of equity capital raised from private
equity investors. Further, the company’s position is one of the largest players in the
renewable power segment in India with a diversified project portfolio and
established track record of commissioning and operations of the renewable
power projects marked by strong liquidity position. The ratings also derive comfort from long-term revenue visibility with
long-term power purchase agreements (PPAs) for operational capacity of the
group under various subsidiaries and the company’s strategy to maintain
liquidity specifically to meet any contingencies of the operational project. However, rating weakness is partially offset by susceptibility of
operating performance to variability in wind patterns along with climatic conditions
and large expansion plans to increase the installed power capacity leading to
sizeable capital requirement as well as exposure to inherent project implementation
and stabilization risks. Trade relations are reported as fair. Business is active. Payment
terms are seems to be regular. In view of established marked position, the company can be considered
good for normal business dealings at usual trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
India |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
D |
EXTERNAL AGENCY RATING
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Rating Agency Name |
CARE |
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Rating |
Long-Term Rating=A+ |
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Rating Explanation |
Adequate degree of safety and low credit risk |
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Date |
21.02.2018 |
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Rating Agency Name |
CARE |
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Rating |
Short-Term Rating=A1+ |
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Rating Explanation |
Very Strong degree of safety and carry
lowest credit risk |
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Date |
21.02.2018 |
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 12.03.2018.
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 DECLINED BY
|
Name : |
Ms. Smriti Chawla |
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Designation : |
Not Divulged |
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Contact No.: |
91-8130785566 |
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Date : |
08.03.2018 |
[91-124-4896670/ 80] continuously ringing
LOCATIONS
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Registered Office : |
138, Ansal Chambers II, Bhikaji Cama Place, Delhi-110066, India |
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Tel. No.: |
Not Available |
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Mobile No.: |
91-8130785566 (Ms. Smriti Chawla) |
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Fax No.: |
Not Available |
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E-Mail : |
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Website : |
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Corporate Office : |
10th Floor, DLF Square, M- Block, Jacaranda Marg, DLF
City, Phase II, Gurgaon – 122002, Haryana, India |
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Tel. No.: |
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Email: |
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Regional Office 1 : |
Unit No. 113, Richmond Tower- 12, Richmond Road Bengaluru-
560025, Karnataka, India |
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Regional
Office 2 : |
292, Rohit Nagar Phase- 1, Bawadiakala, Bhopal – 462039,
Madhya Pradesh, India |
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Regional
Office 3: |
Ground Floor, Plot No. 44, Road No. 2, Sagar
Society, Banjara Hills, |
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Regional
Office 4: |
304, 3rd Floor, Town Square, Shopping Centre, New Airport Road, Mhada Colony, Viman Nagar, Pune- 411004, Maharashtra, India |
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Regional
Office 5: |
Ground Floor, Below Allahabad Bank, Sushila Niwas, Main Road, Hinoo, Ranchi - 834002, Jharkhand, India |
DIRECTORS
AS ON: 31.03.2017
|
Name : |
Mr. Sridhar Narayan |
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Designation : |
Director |
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Address : |
21 A, Sagar Sangeet, 58, S B S Marg, Colaba Mumbai-400005 Maharashtra,
India |
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Date of Birth/Age : |
30.10.1971 |
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Date of Appointment : |
02.07.2014 |
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DIN No.: |
00137243 |
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Name : |
Mr. Sumant Sinha |
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Designation : |
Whole-time Director |
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Address : |
Ar1017b, The Aralias Dlf Golf Links Gurgaon 122009, Haryana,
India |
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Date of Birth/Age : |
12.02.1965 |
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Qualification : |
MBA,
B.Tech, CFA |
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Date of Appointment : |
19.01.2011 |
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PAN No.: |
AUCPS3006N |
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DIN No.: |
00972012 |
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Name : |
Mrs. Vaishali Nigam Sinha |
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Designation : |
Director |
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Address : |
Ar1017b, The Aralias Dlf Golf Links Gurgaon 122009, Haryana,
India |
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Date of Birth/Age : |
10.03.1970 |
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Qualification : |
MBA |
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Date of Appointment : |
04.07.2011 |
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DIN No.: |
02299472 |
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Name : |
Mr. Ankur Ambika Sahu |
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Designation : |
Director |
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Address : |
6-12-3-3206 Roppongi, Minato-Ku Tokyo 1080014 Jp |
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Date of Birth/Age : |
18.10.1969 |
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Date of Appointment : |
22.09.2011 |
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DIN No.: |
03623120 |
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Name : |
Mr. Harsh Nanda |
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Designation : |
Director |
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Address : |
A-806, Oberoi Splendor, J V Link Road Opposite Majas Depot, Jogeshwari
(E) Mumbai 400060 Maharashtra, India |
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Date of Birth/Age : |
29.05.1979 |
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Date of Appointment : |
22.09.2011 |
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DIN No.: |
03626023 |
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Name : |
Mr. David Blake Sandalow |
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Designation : |
Director |
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Address : |
3711 Idaho Ave Nw Washington Dc, Washington Dc 200163123 US |
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Date of Appointment : |
22.06.2015 |
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DIN No.: |
07164299 |
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Name : |
Mrs. Satoshi Yajima |
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Designation : |
Director |
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Address : |
23-5, Higashi Takasago-cho Urawa Ward Saitama City 3300071 JP |
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Date of Appointment : |
31.03.2017 |
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DIN No.: |
07747831 |
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Name : |
Wendy Alexandra Franks |
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Designation : |
Additional Director |
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Address : |
24, Gibson Ave Toronto, Ontario Toronto M5r1t5 Ca |
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Date of Appointment : |
31.01.2018 |
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DIN No.: |
08049747 |
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Name : |
Mr. Mujeeb Ur Rehman Qazi |
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Designation : |
Director |
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Address : |
W15_01 Plot 121 Liwa Village, Villa B-22, Abu Dhabi NA AE |
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Date of Appointment : |
04.12.2015 |
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DIN No.: |
07345951 |
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON: 31.03.2017
|
Names of Shareholders |
No. of Shares |
Percentage of Holding |
|
GS Wyvern Holdings Limited |
184709600 |
54.59 |
|
Asian Development Bank |
22837015 |
6.75 |
|
GEF SACEF INDIA |
12375767 |
3.66 |
|
Green Rock B 2014 Limited |
60487804 |
17.88 |
|
Sumant Sinha |
100 |
0.00 |
|
Cognisa Investment |
8882053 |
2.63 |
|
Wisemore Advisory Private Limited |
14657651 |
4.33 |
|
Jera Power RN B.V. |
34411682 |
10.17 |
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Total |
338361672 |
100.00 |
AS ON: 28.09.2017
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
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Public/Other than promoters (Financial Institutions) |
6.75 |
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Public/Other than promoters (Venture capital) |
76.12 |
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Public/Other than promoters (Bodies corporate) |
14.50 |
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Public/Other than promoters (Others-Cognisa Investment
through) |
2.63 |
|
|
|
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Generation, Transmission,
Distribution and Supply of Electricity and Providing Management Shared
Services. (Registered Activity) |
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Products : |
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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 : |
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Selling : |
Not Divulged |
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Purchasing : |
Not Divulged |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Not Divulged |
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Bankers : |
· Kotak Mahindra Bank Limited · IndusInd Bank Limited |
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Facilities : |
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Financial Institutions: |
· PTC India Financial Services Limited · Reliance Capital Limited · Axis Trustee Services Limited · Vistra ITCL (India) Limited · IDBI Trusteeship Services Limited |
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Auditors : |
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Name : |
S.R.
Batliboi and Company LLP Chartered Accountants |
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Address : |
Gurgaon,
Haryana, India |
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Income-tax
PAN of auditor or auditor's firm : |
ACHFS9180N |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Subsidiary company
: |
· Renew Wind Energy (Rajasthan 3) Private Limited [U40300DL2013PTC260571] · Renew Wind Energy (Varekarwadi) Private Limited [U40101DL2011PTC225146] · Renew Wind Energy (Welturi) Private Limited [U40106DL2012PTC236356] · Renew Wind Energy (Jamb) Private Limited [U40106DL2012PTC242743] · Renew Wind Energy (Rajkot) Private Limited [U40101DL2011PTC224171] · Renew Wind Energy (Shivpur) Private Limited [U40108DL2011PTC224921] · Renew Wind Energy Delhi Private LIMITED[U40101DL2011PTC215373] · Renew Wind Energy (Devgarh) Private Limited [U40109DL2012PTC236509] · Renew Wind Energy (Rajasthan) Private Limited [U40300DL2012PTC235917] · Renew Wind Energy (Jadeswar) Private Limited [U40106DL2011PTC224360] · Renew Wind Energy (Karnataka) Private Limited [U40109DL2012PTC235990] · Renew Wind Energy (Jath) Limited [U40101DL2012PLC236227] · Renew Wind Energy (Ap) Private Limited [U40106DL2012PTC242719] · Renew Wind Energy (Mp) Private Limited [U40106DL2012PTC242763] · Renew Wind Energy (Orissa) Private Limited [U40300DL2012PTC242747] · Renew Wind Energy (Sipla) Private Limited [U40300DL2012PTC236229] · Abaha Wind Energy Developers Private Limited [U40100DL2013PTC276891] · Renew Solar Power Private Limited [U40300DL2012PTC236953] · Renew Wind Energy (Budh 3) Private Limited [U40106DL2013PTC250362] · Renew Wind Energy (Tn) Private Limited [U40106DL2013PTC250183] · Renew Solar Power Private Limited [U40300DL2012PTC236953] · Renew Clean Energy Private Limited [U40300DL2015PTC278326] · Renew Saur Shakti Private Limited [U40300DL2015PTC286027] · Renew Solar Energy (Tn) Private Limited [U40101DL2013PTC253478] · Renew Wind Energy (Jamb) Private Limited [U40106DL2012PTC242743] · Renew Wind Energy (Orissa) Private Limited [U40300DL2012PTC242747] · Renew Wind Energy (Mp) Private Limited [U40106DL2012PTC242763] · Renew Wind Energy (Sipla) Private Limited [U40300DL2012PTC236229] · Abaha Wind Energy Developers Private Limited [U40100DL2013PTC276891] · Renew Wind Energy (Ap 2) Private Limited [U40300DL2013PTC250337] · Renew Wind Energy (Budh 3) Private Limited [U40106DL2013PTC250362] · Bhumi Prakash Private Limited [U40300DL2015PTC286007] · Renew Agni Power Private Limited [U40300DL2015PTC286038] · Tarun Kiran Bhoomi Private Limited [U40300DL2015PTC286012] · Renew Wind Energy (Maharashtra) Private Limited [U40106DL2013PTC260601] · Renew Wind Energy (Mp One) Private Limited [U40106DL2013PTC260602] · Narmada Wind Energy Private Limited [U40101DL2008PTC274325] · Renew Solar Services Private limited [U40106DL2013PTC250258] · Renew Wind Energy (Tn 2) Private Limited [U40101DL2013PTC256405] · Renew Wind Energy (Rajasthan 2) Private Limited · [U40100DL2013PTC250292] · Renew Wind Energy (Ap 4) Private Limited [U40103DL2013PTC257973] · Renew Wind Energy (Jath Three) Private Limited [U40300DL2013PTC251232] · Renew Wind Energy (Karnataka 3) Private Limited [U40300DL2013PTC253375] · Renew Solar Energy (Telangana) Private Limited [U40106DL2015PTC278369] · Renew Mega Solar Power Private Limited [U40300DL2015PTC286039] · Renew Wind Energy (Mp Three) Private Limited [U40300DL2015PTC277534] · Renew Wind Energy (Mp Four) Private Limited [U40106DL2015PTC277592] · Renew Wind Energy (Rajasthan Four) Private Limited [U40300DL2015PTC277539] · Renew Solar Energy (Rajasthan) Private Limited [U40106DL2013PTC250277] · Renew Wind Energy (Karnataka Two) Private Limited [U40100DL2013PTC250344] · Renew Wind Energy (Karnataka Five) Private Limited [U40300DL2013PTC261048] · Renew Wind Energy (Vaspet 5) Private Limited [U40106DL2013PTC251158] · Renew Wind Energy (Karnataka 4) Private Limited [U40106DL2013PTC260599] |
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Holding company: |
GS Wyvern Holdings Limited |
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Enterprises which are owned, or have significant influence of or are partners with Key management
personnel and their relatives: |
Cognisa Investment |
CAPITAL STRUCTURE
AS ON: 28.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
370000000 |
Equity Shares |
INR 10/- each |
INR 3700.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
338361672 |
Equity Shares |
INR 10/- each |
INR 3383.617 Million |
|
|
|
|
|
AS ON 31.03.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
300000000 |
Equity Shares |
INR 10/- each |
INR 3000.000 Million |
|
|
|
|
|
Issued Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
263738098 |
Equity Shares |
INR 10/- each |
INR 2637.381 Million |
|
|
|
|
|
Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
259921304 |
Equity Shares |
INR 10/- each |
INR 2599.213 Million |
|
3816794 |
Equity Shares [Not Fully Paid) |
|
INR 9.542 Million |
|
|
|
|
|
|
|
Total |
|
INR 2608.755
Million |
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
2608.755 |
2016.279 |
1696.164 |
|
(b) Reserves & Surplus |
31918.828 |
20443.446 |
16158.035 |
|
(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) |
34527.583 |
22459.725 |
17854.199 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
8182.120 |
5248.607 |
210.420 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.332 |
|
(c)
Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d)
long-term provisions |
12.438 |
6.875 |
3.571 |
|
Total
Non-current Liabilities (3) |
8194.558 |
5255.482 |
214.323 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
2944.424 |
1980.385 |
595.511 |
|
(b)
Trade payables |
206.692 |
128.196 |
119.176 |
|
(c)
Other current liabilities |
2289.124 |
1276.424 |
56.635 |
|
(d)
Short-term provisions |
11.348 |
1.498 |
3.037 |
|
Total
Current Liabilities (4) |
5451.588 |
3386.503 |
774.359 |
|
|
|
|
|
|
TOTAL |
48173.729 |
31101.710 |
18842.881 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
9935.356 |
3253.722 |
56.586 |
|
(ii)
Intangible Assets |
41.660 |
28.751 |
2.364 |
|
(iii)
Capital work-in-progress |
3.771 |
261.376 |
0.000 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
22549.958 |
17587.834 |
7576.804 |
|
(c) Deferred tax assets
(net) |
11.784 |
16.027 |
0.000 |
|
(d) Long-term Loan
and Advances |
648.746 |
531.541 |
4570.788 |
|
(e)
Other Non-current assets |
144.321 |
74.320 |
2.783 |
|
Total
Non-Current Assets |
33335.596 |
21753.571 |
12209.325 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
0.569 |
0.000 |
67.325 |
|
(c)
Trade receivables |
1609.883 |
830.845 |
539.195 |
|
(d)
Cash and cash equivalents |
8910.698 |
6067.108 |
5417.761 |
|
(e)
Short-term loans and advances |
3672.103 |
2166.725 |
541.090 |
|
(f)
Other current assets |
644.880 |
283.461 |
68.185 |
|
Total
Current Assets |
14838.133 |
9348.139 |
6633.556 |
|
|
|
|
|
|
TOTAL |
48173.729 |
31101.710 |
18842.881 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
1227.943 |
452.622 |
354.497 |
|
|
|
Other Income |
687.006 |
694.030 |
256.563 |
|
|
|
TOTAL |
1914.949 |
1146.652 |
611.060 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchases of Stock-in-Trade |
0.000 |
67.325 |
55.927 |
|
|
|
Employees benefits expense |
466.645 |
281.552 |
181.540 |
|
|
|
CSR expenditure |
6.996 |
2.886 |
0.000 |
|
|
|
Other expenses |
203.920 |
111.983 |
149.776 |
|
|
|
TOTAL |
677.561 |
463.746 |
387.243 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
1237.388 |
682.906 |
223.817 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
1002.571 |
93.334 |
18.715 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
234.817 |
589.572 |
205.102 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
207.678 |
10.436 |
0.945 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
27.139 |
579.136 |
204.157 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
4.243 |
145.610 |
66.871 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
22.896 |
433.526 |
137.286 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (INR) |
|
|
|
|
|
|
Basic |
3.98 |
0.38 |
0.97 |
|
|
|
Diluted |
3.60 |
0.34 |
0.89 |
|
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Maturities of Long term debt |
0.000 |
0.000 |
31.650 |
|
|
|
|
|
|
Cash generated from operations |
(692.845) |
290.942 |
(231.126) |
|
|
|
|
|
|
Net Cash flow from (used in) Operations |
(522.531) |
(497.012) |
(555.135) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
478.53 |
670.00 |
555.17 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
0.76 |
0.54 |
0.66 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
0.00 |
695.01 |
777.79 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
2174.67 |
0.00 |
3.32 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.12 |
0.19 |
3.80 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.28 |
0.28 |
0.05 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.32 |
0.32 |
0.05 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.16 |
0.15 |
0.04 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.29 |
0.16 |
0.00 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
1.23 |
7.32 |
11.96 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
1.86 |
95.78 |
38.73 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
0.05 |
1.39 |
0.73 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
0.07 |
1.93 |
0.77 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current
Assets / Current Liabilities) |
2.72 |
2.76 |
8.57 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
2.72 |
2.76 |
8.48 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.72 |
0.72 |
0.95 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
4.27 |
3.59 |
0.49 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
2.72 |
2.76 |
8.57 |
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 |
1696.164 |
2016.279 |
2608.755 |
|
Reserves & Surplus |
16158.035 |
20443.446 |
31918.828 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending
allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
17854.199 |
22459.725 |
34527.583 |
|
|
|
|
|
|
long-term borrowings |
210.420 |
5248.607 |
8182.120 |
|
Short term borrowings |
595.511 |
1980.385 |
2944.424 |
|
Current Maturities of Long
term debt |
31.650 |
0.000 |
0.000 |
|
Total
borrowings |
837.581 |
7228.992 |
11126.544 |
|
Debt/Equity
ratio |
0.047 |
0.322 |
0.322 |
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 |
354.497 |
452.622 |
1227.943 |
|
|
|
27.680 |
171.295 |
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 |
354.497 |
452.622 |
1227.943 |
|
Profit |
137.286 |
433.526 |
22.896 |
|
|
38.73% |
95.78% |
1.86% |
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 |
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 |
No |
|
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 |
INDEX OF CHARGES
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
G76217900 |
100152903 |
RELIANCE
COMMERCIAL FINANCE LIMITED |
23/01/2018 |
- |
- |
500000000.0 |
RELIANCE CENTRE,
6TH FLOOR, SOUTH WING,OFF. WESTERN EXPRESS HIGHWAY, SANTACRUZ
(EAST)MUMBAIMA400055IN |
|
2 |
G76218882 |
100152906 |
RELIANCE
COMMERCIAL FINANCE LIMITED |
23/01/2018 |
- |
- |
500000000.0 |
RELIANCE CENTRE,
6TH FLOOR, SOUTH WING,OFF. WESTERN EXPRESS HIGHWAY, SANTACRUZ
(EAST)MUMBAIMA400055IN |
|
3 |
G72890619 |
100144913 |
VISTRA ITCL
(INDIA) LIMITED |
21/12/2017 |
- |
- |
1430000000.0 |
IL & FS
FINANCIAL CENTREPLOT NO C22 G BLOCK BANDRAKURLA COMPLEX BANDRA
EASTMUMBAIMA400051IN |
|
4 |
G73704462 |
100147023 |
PIRAMAL
TRUSTEESHIP SERVICES PRIVATE LIMITED |
20/12/2017 |
- |
- |
6000000000.0 |
4TH FLOOR, PIRAMAL
TOWER ANNEXE,GANPATRAO KADAM MARG, LOWER PARELMUMBAIMA400013IN |
|
5 |
G69848836 |
100139462 |
AXIS TRUSTEE
SERVICES LIMITED |
29/11/2017 |
- |
- |
1400000000.0 |
AXIS HOUSE, BOMBAY
DYEING MILLSCOMPOUND, PANDHURANG BUDHKAR MARG, WORLIMUMBAIMA400025IN |
|
6 |
G68701218 |
100142310 |
VISTRA ITCL
(INDIA) LIMITED |
05/10/2017 |
- |
- |
3210000000.0 |
IL & FS
FINANCIAL CENTREPLOT NO C22 G BLOCK BANDRAKURLA COMPLEX BANDRA
EASTMUMBAIMA400051IN |
|
7 |
G68335264 |
100136907 |
STATE BANK OF
INDIA |
20/09/2017 |
- |
- |
142500000.0 |
CENTRAL
OFFICEMADAM CAMA ROAD,MUMBAIMH400021IN |
|
8 |
G56105257 |
100113716 |
VISTRA ITCL
(INDIA) LIMITED |
27/07/2017 |
01/08/2017 |
- |
2910000000.0 |
IL & FS
FINANCIAL CENTREPLOT NO C22 G BLOCK BANDRAKURLA COMPLEX BANDRA
EASTMUMBAIMA400051IN |
|
9 |
G43758952 |
100097122 |
AXIS TRUSTEE
SERVICES LIMITED |
16/05/2017 |
- |
- |
31800000000.0 |
AXIS HOUSE, BOMBAY
DYEING MILLSCOMPOUND, PANDHURANG BUDHKAR MARG, WORLIMUMBAIMA400025IN |
|
10 |
G39250600 |
100085655 |
VISTRA ITCL
(INDIA) LIMITED |
27/03/2017 |
- |
- |
4620000000.0 |
IL & FS FINANCIAL
CENTREPLOT NO C22 G BLOCK BANDRAKURLA COMPLEX BANDRA EASTMUMBAIMA400051IN |
UNSECURED LOANS
|
PARTICULARS |
31.03.2016 (INR
In Million) |
31.03.2015 (INR
In Million) |
|
LONG-TERM BORROWINGS |
|
|
|
Non-convertible debentures others |
0.000 |
4000.000 |
|
|
|
|
|
SHORT TERM BORROWINGS |
|
|
|
Loans repayable on demand from others |
89.380 |
0.000 |
|
Loans and advances from others |
0.000 |
622.381 |
|
|
|
|
|
Total |
89.380 |
4622.381 |
CORPORATE INFORMATION
The Company is a private limited Company domiciled in India. The Company is subsidiary of GS Wyvern Holdings Limited. The Company is in the business of generation of power from non-conventional and renewable energy sources, EPC contracting and management consulting in India.
FINANCIAL PERFORMANCE REVIEW
During the year, on a standalone basis the Company has achieved revenue of INR 1914.950 million and profit of INR 22.900 million as against INR 1146.650 million and INR 433.530 million respectively in the previous year.
On consolidated basis, the Company has achieved revenue of INR 8582.180 million and profit of INR 894.220 million as against INR 5316.570 million and INR 73.890 million respectively in the previous year.
FIXED ASSETS:
·
Land
·
Buildings
·
Plant and Equipment
·
Furniture and Fixtures
·
Vehicles
·
Computer Equipment’s
PRESS RELEASE:
RENEW POWER TARGETS 5
GW CAPACITY IN NEXT 2 YEARS
SEP 10, 2017
NEW DELHI: Renewable energy firm ReNew Power Ventures targets to double its generation capacity to 5 GW in the next two years, a top company official said.
The company has planned to add 1 GW capacity this fiscal, ReNew Power Venture Chairman and CEO Sumant Sinha told. It has installed generation capacity of 2.4 GW, at present.
"We are aiming at 5 GW power generation capacity in the next two years time. We have planned to add 1 GW during this fiscal," Sinha said.
"We have sufficient funds to meet our expansion requirement during the current fiscal," Sinha said. An estimated investment of INR 100000.000 million would be required to double the capacity to 5 GW.
In April, ReNew Power Ventures had announced doubling its power generation capacity in a year's time, which crossed 2 GW.
The company invested INR 67000.000 million (USD 1 billion) to add 430 MW of solar and 626 MW of wind capacity in 2016-17
Asked about reasonable solar power tariff in current scenario as solar module prices have started inching upwards, Sinha opined that it should be INR 2.75 per unit.
Asked about reasonable solar power tariff in current scenario as solar module prices have started inching upwards, Sinha opined that it should be INR 2.75 per unit.
At that time, industry experts have said that lower borrowing cost and solar equipment prices have pulled down the tariff to historic low of INR 2.44 per unit.
Similarly, the wind power tariff also plunged to INR 3.46 per unit in an auction for 1GW capacity conducted by the Solar Energy Corporation of India (SECI).
SECI is in the process of putting 3 GW wind capacities on the block for auction. The SECI is waiting for Central Electricity Regulatory Commission's clarification on the inter-state connectivity trading. In the absence of evacuation facility of power from these projects, the developers are hesitant to go ahead. KKS MR ABM
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 records 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 65.08 |
|
UK Pound |
1 |
INR 89.85 |
|
Euro |
1 |
INR 80.16 |
INFORMATION
DETAILS
|
Information
Gathered by : |
SWT |
|
|
|
|
Analysis Done by
: |
PRS |
|
|
|
|
Report Prepared
by : |
ARC |
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.