|
|
|
MIRA INFORM REPORT
|
Report No. : |
497043 |
|
Report Date : |
16.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
OPG POWER GENERATION PRIVATE LIMITED |
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|
|
|
Registered
Office : |
No.6, Sardar Patel Road, Near Laxmi Vilas Bank, Guindy, Chennai – 600032, Tamilnadu |
|
Tel. No.: |
91-44-43487360/368 |
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|
Country : |
India |
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Financials (as
on) : |
31.03.2016 |
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Date of
Incorporation : |
21.02.2005 |
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Com. Reg. No.: |
18-055442 |
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Capital Investment
/ Paid-up Capital : |
INR 255.260 Million |
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|
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CIN No.: [Company Identification
No.] |
U40109TN2005PTC055442 |
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|
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IEC No.: [Import-Export Code No.] |
0408008067 |
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|
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GSTIN : [Goods & Service Tax Registration No.] |
33AAACO8193M1Z0 |
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TIN No : |
33070762279 |
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|
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TAN No.: [Tax Deduction &
Collection Account No.] |
CHEO03592B |
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PAN No.: [Permanent Account No.] |
AAACO8193M |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Generation of Power. [Registered Activity] |
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|
|
No. of Employees
: |
Information denied by the management |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A+ |
|
Credit Rating |
Explanation |
Rating Comments |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
Maximum Credit Limit : |
USD 33631000 |
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|
|
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Status : |
Good |
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|
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
OPG Power Generation Private Limited engaged in generating electricity
from its thermal power plants. The company was incorporated in the year 2005
and based in Chennai, Tamil Nadu. It is an established company having fine
track records. OPG Power Generation Private Limited is a subsidiary of “ Gita Power
and Infrastructure Private Limited” As per Registrar of companies the date of balance sheet (i.e,
financial filed) is shown as 31.03.2017 but the documents related the financial
for the year 2017 are not available from any sources. As per available financial of 2016, the company has witnessed a
healthy growth in its revenue and has achieved decent profit margin at 21.46%
(approx.) The company possesses robust financial profile marked by strong net
worth base along with low debt level of the company. The company also derives strength from its holding entity and its
experienced management team. Fundamentals of the company are strong and healthy. Trade relations are reported as fair. Business is active. Payments
terms are seems to be regular and as per commitments. In view of aforesaid, the concern can be considered for 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 |
|
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 |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
Not Available |
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 17.03.2018
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 DENIED BY
|
Name : |
Mr. C. Chandrasekar |
|
Designation : |
AGM Manager |
|
Contact No.: |
91-44-43487360 |
|
Date : |
15.03.2018 |
Tel No.: 91-44-42911222 (Continuously ringing)
LOCATIONS
|
Registered Office : |
No.6, Sardar Patel Road, Near Laxmi Vilas Bank, Guindy, Chennai – 600032, Tamilnadu, India |
|
Tel. No.: |
91-44-43487360/ 368/ 42911222 |
|
Fax No.: |
91-44-42911209 |
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E-Mail : |
|
|
Website : |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. T. Chandramoueeswaran |
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Designation : |
Director |
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|
Address : |
Plot No. B 26, Iii Cross Street, AGS Colony Extn, Beach Layout, Kottivakkam, Chennai, 600041, Tamilnadu, India |
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Date of Birth/Age : |
25.03.1967 |
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Qualification : |
B.E |
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Date of Appointment : |
17.03.2011 |
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DIN No : |
03463135 |
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PAN No : |
AAKPC0674N |
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|
Name : |
Mr. Sudhir Singhi |
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Designation : |
Director |
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Address : |
Flat No.230, Devdarsan Apartments, No.1 Barnaby Road, Near Ponni Amman Temple, K Ilpauk, Chennai - 600010, Tamilnadu, India |
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Date of Birth/Age : |
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Date of Appointment : |
31.03.2017 |
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DIN No : |
00249819 |
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Other Directorship
:
|
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KEY EXECUTIVES
|
Name : |
Mr. C. Chandrasekar |
|
Designation : |
AGM Manager |
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|
|
|
Name : |
Mr. Ponmoney Emerson Andrews |
|
Designation : |
Company Secretary |
|
Address : |
45A Thiru Vi Ka Street, Postal Audit Colony, Saligramam, Chennai
-600093, Tamilnadu, inida |
|
Date of Appointment : |
03.01.2018 |
|
PAN No : |
AACPA7204L |
MAJOR SHAREHOLDERS
As on 31.03.2017
SHAREHOLDERS DETAILS FILE ATTACHED
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2017
|
Category |
Percentage |
|
Promoters (Body corporate) |
77.07 |
|
Public/Other than promoters (Body corporate) |
21.79 |
|
Partnership Firms |
1.14 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Generation of Power. [Registered Activity] |
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Products / Services
: |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Information denied by the management |
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Bankers : |
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Facilities : |
LONG TERM
BORROWING: a) All the project loans are the secured term loans taken from banks for the respective projects against the hypothecation of land, plant and machinery and building. A director has provided his personal guarantee for the project loans availed from banks. b) Other loans are the loans taken for the procurement of vehicles. c) Terms of repayment of project loans Project loans having an interest rate ranging from 13% to 14.50% availed from the banks are repayable as follows: Unit I and III - In 34 equal quarterly instalments after 1 year from the date of commencement of business Unit I1 and II E-In 35 equal quarterly instalments after 1 year from the date of commencement of business d) Particulars of default During the year the company has not defaulted in the repayment of its project loans and the interest thereon. SHORT TERM
BORROWING: Working Capital Loans from banks are secured by
hypothecation of present and future stock of raw materials (including spares
and consumables) and trade receivables. A director has provided his personal
guarantee for the working capital loans availed from banks. |
|
Auditors 1 : |
|
|
Name : |
Om Prakash and Company Chartered Accountant |
|
Address : |
No.356, Mint Street, 2nd Floor, Chennai-600079, Tamilnadu,
India |
|
Tel. No.: |
91-44-25385665 |
|
Income-tax
PAN of auditor or auditor's firm : |
AADPB8964D |
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|
|
|
Auditors 2 : |
|
|
Name : |
Chaturvedi and Company Chartered Accountant |
|
Address : |
No.14.Padmanabha Street, T. Nagar, Chennai - 600017, Tamilnadu, India |
|
Tel. No.: |
91-44-28341255/ 28342655 |
|
Fax No : |
91-44-28344089 |
|
Email Id : |
|
|
Income-tax
PAN of auditor or auditor's firm : |
AABFC9567F |
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Memberships : |
Not Available |
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|
|
|
Collaborators : |
Not Available |
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|
Holding company : (As on 31.03.2017) |
Gita Power and infrastructure Private Limited (CIN -U40100TN2008PTC068233) |
|
|
|
|
Joint Venture : (As on 31.03.2017) |
Padma Shipping LLC |
|
|
|
|
Fellow
subsidiaries: (As on 31.03.2016) |
OPGS Power Gujarat Private Limited |
CAPITAL STRUCTURE
After 30.09.2016
Authorised Capital : INR
255.600 Million
Issued, Subscribed & Paid-up Capital : INR 255.260 Million
As on 31.03.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
7478000 |
Equity Shares A Class |
INR 10/- each |
INR 74.780 Million |
|
18082000 |
Equity Shares B Class |
INR 10/- each |
INR 180.820 Million |
|
|
|
|
INR 255.600
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
7478000 |
Equity Shares A Class |
INR 10/- each |
INR 74.780 Million |
|
18047990 |
Equity Shares B Class |
INR 10/- each |
INR 180.480 Million |
|
|
Total |
|
INR 255.260
Million |
FINANCIAL DATA
[all figures are
INR Million]
ABRIDGED
BALANCE SHEET [STANDALONE]
|
SOURCES
OF FUNDS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
255.260 |
255.260 |
176.137 |
|
(b) Reserves & Surplus |
11515.725 |
8890.210 |
7349.690 |
|
(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) |
11770.985 |
9145.470 |
7525.827 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
9885.180 |
9917.461 |
8915.997 |
|
(b) Deferred tax liabilities
(Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
318.992 |
566.160 |
1719.470 |
|
(d) long-term provisions |
10.671 |
10.006 |
5.841 |
|
Total
Non-current Liabilities (3) |
10214.843 |
10493.627 |
10641.308 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
318.065 |
1938.009 |
2212.339 |
|
(b) Trade payables |
1708.390 |
247.548 |
304.318 |
|
(c) Other current liabilities |
1395.821 |
1983.856 |
400.452 |
|
(d) Short-term provisions |
194.516 |
158.399 |
98.819 |
|
Total
Current Liabilities (4) |
3616.792 |
4327.812 |
3015.928 |
|
|
|
|
|
|
TOTAL |
25602.620 |
23966.909 |
21183.063 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
14653.694 |
7529.916 |
8716.843 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
692.373 |
9028.443 |
4787.988 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
55.154 |
1.787 |
1.787 |
|
(c) Deferred tax assets (net) |
809.066 |
589.647 |
461.076 |
|
(d) Long-term Loan and Advances |
2318.889 |
1651.702 |
3121.663 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
18529.176 |
18801.495 |
17089.357 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
114.208 |
0.000 |
|
(b) Inventories |
619.914 |
994.568 |
1287.402 |
|
(c) Trade receivables |
5108.376 |
2597.360 |
2057.875 |
|
(d) Cash and cash equivalents |
713.343 |
939.762 |
575.100 |
|
(e) Short-term loans and
advances |
457.973 |
405.058 |
87.036 |
|
(f) Other current assets |
173.838 |
114.458 |
86.293 |
|
Total
Current Assets |
7073.444 |
5165.414 |
4093.706 |
|
|
|
|
|
|
TOTAL |
25602.620 |
23966.909 |
21183.063 |
PROFIT
& LOSS ACCOUNT [STANDALONE]
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
SALES |
|
|
|
|
|
Income |
12231.401 |
10199.484 |
9647.961 |
|
|
Other Income |
54.042 |
71.473 |
43.579 |
|
|
TOTAL
|
12285.443 |
10270.957 |
9691.540 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
5703.600 |
5760.616 |
5473.119 |
|
|
Employees benefits expense |
372.983 |
302.692 |
159.791 |
|
|
Other expenses |
185.944 |
156.629 |
85.699 |
|
|
Direct Expenses |
869.943 |
368.906 |
386.511 |
|
|
TOTAL |
7132.470 |
6588.843 |
6105.120 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
5152.973 |
3682.114 |
3586.420 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
1373.373 |
928.967 |
1068.886 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
3779.600 |
2753.147 |
2517.534 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
2018.103 |
1246.707 |
1323.522 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
1761.497 |
1506.440 |
1194.012 |
|
|
|
|
|
|
|
Less |
TAX |
(864.018) |
186.708 |
21.072 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
2625.515 |
1319.732 |
1172.940 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
3894.084 |
2194.103 |
1593.158 |
|
|
Capital Goods |
0.000 |
1049.810 |
1019.512 |
|
|
TOTAL
IMPORTS |
3894.084 |
3243.913 |
2612.670 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (INR) |
104.03 |
52.34 |
47.00 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Maturities of Long term debt |
1290.623 |
1926.296 |
351.36 |
|
Cash generated from operations |
4654.634 |
4613.472 |
1708.744 |
|
Net cash flows from (used in) operating activity |
4294.389 |
4295.883 |
1440.936 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
152.44 |
92.95 |
77.85 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
2.39 |
3.93 |
4.69 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
109.33 |
15.68 |
20.29 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
8.31 |
3.70 |
2.79 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.34 |
0.22 |
0.27 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.58 |
0.67 |
0.58 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.98 |
1.51 |
1.53 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities
/ Net Worth) |
0.31 |
0.47 |
0.40 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
1.30 |
1.81 |
1.79 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
3.75 |
3.96 |
3.36 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
21.47 |
12.94 |
12.16 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
10.25 |
5.51 |
5.54 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
22.30 |
14.43 |
15.59 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.96 |
1.19 |
1.36 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
1.78 |
0.96 |
0.93 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.46 |
0.38 |
0.36 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
45.03 |
53.99 |
65.17 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.96 |
1.19 |
1.36 |
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 |
176.137 |
255.260 |
255.260 |
|
Reserves & Surplus |
7349.690 |
8890.210 |
11515.725 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
7525.827 |
9145.470 |
11770.985 |
|
|
|
|
|
|
long-term borrowings |
8915.997 |
9917.461 |
9885.180 |
|
Short term borrowings |
2212.339 |
1938.009 |
318.065 |
|
Current maturities of
long-term debts |
351.360 |
1926.296 |
1290.623 |
|
Total
borrowings |
11479.696 |
13781.766 |
11493.868 |
|
Debt/Equity
ratio |
1.525 |
1.507 |
0.976 |
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 |
9647.961 |
10199.484 |
12231.401 |
|
|
|
5.716 |
19.922 |
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 |
9647.961 |
10199.484 |
12231.401 |
|
Profit |
1172.940 |
1319.732 |
2625.515 |
|
|
12.16% |
12.94% |
21.47% |
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 |
Yes |
|
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 |
No |
|
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 |
No |
|
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 |
NOTE: Registered office of the company has been shifted from Old No 31 and 32, New No 6 and 8, Sardar Patel Road, Guindy Chennai – 600032, Tamilnadu India to the present address w.e.f. 05.01.2012
COMPANY AFFAIRS
The company generates electricity from its Thermal Power Plants situated
at Gummidipoondi.
BACKGROUND
Subject is a Company incorporated in India under the Companies Act 1956. The Company's registered office is No.06, Sardar Patel Road, Guindy, Chennai 600032, Tamilnadu, India. The main object of the Company is generation of power. The company has commenced an additional 80 MW power plant during the year. Now it has three units having a cumulative capacity of 234 MW Power plant running in Gummidipoondi, Tamil Nadu and is also in the process of setting up additional plants in Gummidipoondi, Tamil Nadu.
PERFORMANCE OF THE
COMPANY
During the year the turnover was INR 12231.401 Million as against INR
10199.484 Million for the previous year. The profit after tax was INR 2625.515
Million as against INR 1319.732 for the previous year.
INDEX
OF CHARGES
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Amount |
Address |
|
1 |
G06111496 |
10601928 |
PUNJAB NATIONAL BANK |
29/09/2015 |
10/05/2016 |
1000000000.0 |
MYLAPORE BRANCH, NO.150, LUZ CHURCH ROAD, MYLAPORE, CHENNAI-600004, TAMILNADU, INDIA |
|
2 |
C49916141 |
10560851 |
UNION BANK OF INDIA |
14/03/2015 |
26/03/2015 |
3680000000.0 |
INDUSTRIAL FINANCE BRANCH, UNION BANK BHAVAN, NO.139, 1ST FLOOR, BROADWAY, CHENNAI-600108IN |
|
3 |
C49917248 |
10560854 |
UNION BANK OF INDIA |
14/03/2015 |
26/03/2015 |
560000000.0 |
INDUSTRIAL FINANCE BRANCH,UNION BANK BHAVAN, NO.139, 1ST FLOOR, BROADWAY, CHENNAI-600108IN |
|
4 |
G06112304 |
10452489 |
PUNJAB NATIONAL BANK |
13/08/2013 |
14/06/2016 |
1650000000.0 |
MYLAPORE BRANCHNO.150, LUZ CHURCH ROAD, MYLAPORE, CHENNAI-600004IN |
|
5 |
C49790777 |
10408263 |
UNION BANK OF INDIA |
01/02/2013 |
14/03/2015 |
5720000000.0 |
INDUSTRIAL FINANCE BRANCH, UNION BANK BHAVAN, NO.139, 1ST FLOOR, BROADWAY, CHENNAI-600108IN |
|
6 |
C49762867 |
10392095 |
PUNJAB NATIONAL BANK |
20/10/2012 |
14/03/2015 |
3220000000.0 |
MYLAPORE BRANCHNO.150, LUZ CHURCH ROAD, MYLAPORE, CHENNAI-600004IN |
|
7 |
C49764673 |
10384869 |
PUNJAB NATIONAL BANK |
15/09/2012 |
14/03/2015 |
1600000000.0 |
MYLAPORE BRANCHNO.150, LUZ CHURCH ROAD, MYLAPORE, CHENNAITN600004IN |
|
8 |
B16834608 |
10297125 |
PUNJAB NATIONAL BANK |
11/07/2011 |
- |
2350000.0 |
MYLAPORE BRANCH150, LUZ CHURCH ROAD, MYLAPORE, CHENNAI-600004IN |
|
9 |
C49761919 |
10232394 |
PUNJAB NATIONAL BANK |
25/06/2010 |
14/03/2015 |
2900000000.0 |
MYLAPORE BRANCHNO.150, LUZ CHURCH ROAD, MYLAPORE, CHENNAITN600004IN |
|
10 |
C49763519 |
10192229 |
PUNJAB NATIONAL BANK |
01/12/2009 |
14/03/2015 |
1200000000.0 |
MYLAPORE BRANCHNO.150, LUZ CHURCH ROAD, MYLAPORE, CHENNAITN600004IN |
CONTINGENT
LIABILITIES:
(INR
in Million)
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
|
Bank Guarantee |
967.050 |
954.442 |
FIXED ASSETS
- Free Hold
Land
- Lease Hold
Land
- Building
- Plant and
Machinery
- Electrical
installation
- Computer and
Accessories
- Furniture and
Fixtures
- Office
Equipment
- Tools
- Vehicles
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 64.87 |
|
|
1 |
INR 90.48 |
|
Euro |
1 |
INR 79.91 |
INFORMATION DETAILS
|
Information
Gathered by : |
SHW |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
TRUP |
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.