|
|
|
MIRA INFORM REPORT
|
Report No. : |
509744 |
|
Report Date : |
21.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
NUCLEAR POWER CORPORATION OF INDIA LIMITED |
|
|
|
|
Registered
Office : |
16th Floor, Centre - 1, World Trade Centre, Cuffe Parade,
Colaba, Mumbai - 400005, Maharashtra |
|
Tel. No.: |
91-22-22182171 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
03.09.1987 |
|
|
|
|
Com. Reg. No.: |
11-149458 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 108062.400 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U40104MH1987GOI149458 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACN3154F |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is principally engaged in the Generation of Electricity.
(Registered Activity) |
|
|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A++ |
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
Status : |
Excellent |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Exist |
|
|
|
|
Comments : |
Subject was incorporated in the year 1987. It is wholly owned by
Government of India and is operating under administrative control of Department
of Atomic Energy (DAE) with the overall policy framework laid down by Atomic
Energy Commission (AEC). NPCIL is responsible for design, construction, commissioning and
operation of nuclear power reactors. As per the financial records of 2017, the company has achieved 3.92%
growth in its revenue as compared to the previous year revenue and has gained
decent profitability margin of 25.44%. The company possesses strong financial position marked by robust net
worth base along with low debt balance sheet profile and acceptable liquidity
position. Rating takes into consideration the company’s established track
record. Business is active. Payment seems to be regular. In view of healthy financials, subject can be considered for business dealings
at usual trade terms and condition. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Long term loans: AAA |
|
Rating Explanation |
Highest degree of safety and carry lowest
credit risk. |
|
Date |
07.07.2017 |
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 21.05.2018
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
MANAGEMENT NON-COOPERATIVE [TEL. NO.:91-22-22182171/ 25991000]
LOCATIONS
|
Registered Office : |
16th Floor, Centre - 1, World Trade Centre, Cuffe Parade,
Colaba, Mumbai - 400005, Maharashtra,
India |
|
Tel. No.: |
91-22-22182171/ 22182177 |
|
Fax No.: |
91-22-22180109/ 22185464 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Office : |
Nabhikiya Urja Bhavan, Anushakti Nagar, Mumbai - 400094, Maharashtra,
India |
|
Tel. No.: |
91-22-25993000/ 25991000 |
|
Fax No.: |
91-22-25994020/ 25563350 |
|
|
|
|
Power Station / Power Projects : |
Located at: · Thane · Rajasthan ·
Kancheepuram ·
Uttar Pradesh ·
Gujarat · Tamilnadu |
|
|
|
|
Offices Outside Mumbai : |
Located at: · New Delhi · Chennai · Hyderabad |
|
|
|
|
Quality Surveillance / Assurance Offices : |
Located at: · Baroda · Bhopal · Bangalore · Chennai · Haridwar · Gujarat · Hyderabad · Kolkata · Uttar Pradesh · Pune · Tiruchirapally · Walchandnagar · Secunderabad |
DIRECTORS
AS ON: 31.03.2017
|
Name : |
Mr. Udaymitra Chandrakant Muktibodh |
|
Designation : |
Whole-time Director |
|
Address : |
13, Shantiniketan, Anushakti Nagar, Mumbai - 400094, Maharashtra,
India |
|
Date of Appointment : |
21.05.2016 |
|
DIN No.: |
06558392 |
|
|
|
|
Name : |
Mr. Nalinish Nagaich |
|
Designation : |
Whole-time Director |
|
Address : |
2 D, Malaya Giri Anushakti Nagar, Mumbai - 400094, Maharashtra,
India |
|
Date of Appointment : |
24.07.2015 |
|
DIN No.: |
06994184 |
|
|
|
|
Name : |
Mr. Rameshwar Prasad Gupta |
|
Designation : |
Nominee Director |
|
Address : |
101/C Akash Apartment, Opp. Premchand Nagar, Judges
Bunglow Road, Satellite, Ahmedabad - 380054, Gujarat, India |
|
Date of Appointment : |
20.10.2017 |
|
DIN No.: |
03388822 |
|
|
|
|
Name : |
Mr. Satish Kumar Sharma |
|
Designation : |
Managing Director |
|
Address : |
Type 6/01, Anupratap Colony, Po: Bhabhanagar, Rawatbhata Via, Kota
-323307, Rajasthan, India |
|
Date of Appointment : |
24.07.2015 |
|
DIN No.: |
07245726 |
|
|
|
|
Name : |
Mr. Rohit Ashis Banerjee |
|
Designation : |
Director |
|
Address : |
1504, Sector-20, Hawre Splendor Kharghar, Owe Raigarh - 410210,
Maharashtra, India |
|
Date of Appointment : |
24.07.2015 |
|
DIN No.: |
07245621 |
|
|
|
|
Name : |
Mr. Sandip Singharoy |
|
Designation : |
Whole-time Director |
|
Address : |
B.A.R.C. Colony 12-F,Malaygiri Anushakti Nagar Mumbai – 400094,
Maharashtra, India |
|
Date of Appointment : |
21.05.2016 |
|
DIN No.: |
07523318 |
|
|
|
|
Name : |
Mr. Devendra Gawande |
|
Designation : |
Whole-time Director |
|
Address : |
B.A.R.C Colony, 2A Malayagiri Anu Shakti Nagar, Mumbai – 400094,
Maharashtra, India |
|
Date of Appointment : |
16.01.2017 |
|
DIN No.: |
07708123 |
|
|
|
|
Name : |
Mrs. Ruby Srivastava |
|
Designation : |
Whole-time Director |
|
Address : |
5A, Zerlina, Little Gibbs Road, Near Phiroje Shah Mehta Garden,
Malabar Hill, Mumbai -400006, Maharashtra, India |
|
Date of Appointment : |
12.04.2017 |
|
DIN No.: |
07789281 |
|
|
|
|
Name : |
Mr. Rajesh Marwaha |
|
Designation : |
Director |
|
Address : |
A-301, Paradise Apartments, 40 I.P. Extension, Patparganj, Delhi
-110092, India |
|
Date of Appointment : |
06.01.2017 |
|
DIN No.: |
01376295 |
|
|
|
|
Name : |
Mr. Ajai Kumar |
|
Designation : |
Director |
|
Address : |
C-2601, Ashok Tower, Dr S S Rao Marg, Opposite Mahatma Gandhi
Hospital, Parel East, Mumbai -400012, Maharashtra, India |
|
Date of Appointment : |
03.11.2015 |
|
DIN No.: |
02446976 |
|
|
|
|
Name : |
Muthiah Selvaraj |
|
Designation : |
Director |
|
Address : |
Flat 54, Wing D1 Om Shub Karma CHS Limited, Karmaksetra Mumbai –
400037, Maharashtra, India |
|
Date of Appointment : |
06.01.2017 |
|
DIN No.: |
06426735 |
|
|
|
|
Name : |
Mrs. Anita Chaudhary |
|
Designation : |
Director |
|
Address : |
Block T, 28/11, DLF Phase-3, Near City Club, Nathupur, Gurugram
-122002, Haryana, India |
|
Date of Appointment : |
03.11.2015 |
|
DIN No.: |
07328842 |
|
|
|
|
Name : |
Kavumchira Kumaran Rajan |
|
Designation : |
Director |
|
Address : |
Kavumchira House Perumballoor P.O., Muvattupuzha Ernakulam -686673
Kerala, India |
|
Date of Appointment : |
06.01.2017 |
|
DIN No.: |
07699339 |
|
|
|
|
Name : |
Mr. Kamlesh Nilkanth Vyas |
|
Designation : |
Nominee Director |
|
Address : |
15C, Nandadevi Anushakti Nagar, Mumbai -400094, Maharashtra,
India |
|
Date of Appointment : |
21.03.2016 |
|
DIN No.: |
07477510 |
|
|
|
|
Name : |
Mr. Ravindra Kumar Verma |
|
Designation : |
Nominee Director |
|
Address : |
A-401, Jagran Apartment, Plot No.-17, Sector 22, Dwaraka, Delhi
-110077, India |
|
Date of Appointment : |
27.04.2017 |
|
DIN No.: |
07806484 |
|
|
|
|
Name : |
Mr. Jayant Namdeorao Khobragade |
|
Designation : |
Nominee Director |
|
Address : |
4-A/ Zerlina, Dae Quarters Malabhar Hill, SMT Khadija Shatgi Tyabji
Marg No. Mumbai -400006, Maharashtra, India
|
|
Date of Appointment : |
10.08.2017 |
|
DIN No.: |
07904754 |
KEY EXECUTIVES
|
Name : |
Mr. Preman Dinaraj |
|
Designation : |
Chief Finance Officer |
|
Address : |
Flat No 2B, Zerlina Building, Dae Quarters Malabar Hills, Smt Khadija
Shatfi Tyabiji Marg No1, Mumbai 400006, Maharashtra, India |
|
Date of Birth/Age : |
18.07.1957 |
|
Date of Appointment : |
01.10.2015 |
|
PAN No.: |
ABOPD0064A |
|
|
|
|
Name : |
Mr. Ruby Srivastava |
|
Designation : |
Chief Finance Officer |
|
Address : |
5A, Zerlina, Little Gibbs Road Near Phiroje Shah Mehta Garden, Malabar
Hill, Mumbai -400006, Maharashtra, India
|
|
Date of Appointment : |
26.05.2017 |
|
PAN No.: |
ABAPS6817L |
|
|
|
|
Name : |
Mr. Srikar Radhakrishna Pai |
|
Designation : |
Company Secretary |
|
Address : |
D-8, Ajanta, Anushaktinagar, Mumbai – 400094, Maharashtra, India |
|
Date of Birth/Age : |
19.03.1961 |
|
Date of Appointment : |
08.03.2007 |
|
PAN No.: |
AEAPP2451G |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON: 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
President of India C/o Department of Atomic Energy |
|
108062411 |
|
Sekhar Basu, Chairman, AEC and Secretary, Department of Atomic Energy |
|
10 |
|
Pranay Kumar Verma, Jointly Secretary (ER), Department of Atomic
Energy |
|
1 |
|
Sorabh Babu, Director (Power), Department of Atomic Energy |
|
1 |
|
Arun Srivastava, Secretary, AEC Department of Atomic Energy |
|
1 |
|
S K Sharma, CMD, NPCIL |
|
1 |
|
R A Rajeev, Jointly Secretary (Finance), Department of Atomic Energy |
|
1 |
|
Preman Dinaraj, Former Director (Finance) |
|
1 |
|
|
|
|
|
Total |
|
108062427 |
AS ON: 20.09.2017
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Promoters – Government – Central Government |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is principally engaged in the Generation of Electricity.
(Registered Activity) |
||||
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|
Products : |
|
||||
|
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|
||||
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Brand Names : |
Not Available |
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|
||||
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Agencies Held : |
Not Available |
||||
|
|
|
||||
|
Exports : |
Not Divulged |
||||
|
|
|
||||
|
Imports : |
Not Divulged |
||||
|
|
|
||||
|
Terms : |
|
||||
|
Selling : |
Not Divulged |
||||
|
|
|
||||
|
Purchasing : |
Not Divulged |
PRODUCTION STATUS: [NOT AVAILABLE]
GENERAL INFORMATION
|
Suppliers : |
|
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||||||||||||||||||||||
|
Customers : |
|
||||||||||||||||||||||
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|
||||||||||||||||||||||
|
No. of Employees : |
Information declined by the management |
||||||||||||||||||||||
|
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|
||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||
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|
||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Auditors : |
|
|
Name : |
M. M. Nissim and Company Chartered Accountants |
|
Address : |
Barodawala Mansion, B - Wing, 3rd Floor, 81, Dr. Annie Besant Road,
Worli, Mumbai – 400018, Maharashtra, India |
|
PAN No.: |
AAAFM5103E |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Subsidiary company: |
· Anushakti Vidhyut Nigam Limited [U40300MH2011GOI212727] · NPCIL – Indian Oil Nuclear Energy Corporation Limited · [U40104MH2011GOI215870] · NPCIL-Nalco Power Company Limited [U40300MH2012GOI227632] |
|
|
|
|
Joint Venture Company: |
L&T Special Steels and Heavy Forgings Private Limited |
CAPITAL STRUCTURE
AFTER 20.09.2017
Authorised Capital : INR
150000.000 Million
Issued, Subscribed & Paid-up Capital : INR 114912.427 Million
AS ON: 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
150000000 |
Equity Shares |
INR 1000/- each |
INR 150000.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
108062427 |
Equity Shares |
INR 1000/- each |
INR
108062.427 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
108062.400 |
102172.400 |
101743.300 |
|
(b) Reserves & Surplus |
218680.700 |
205413.600 |
199687.400 |
|
(c) Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share
Application money pending allotment |
0.000 |
0.000 |
429.100 |
|
Total Shareholders’
Funds (1) + (2) |
326743.100 |
307586.000 |
301859.800 |
|
|
|
|
|
|
(3)
Fund held for others |
26.700 |
790.600 |
0.000 |
|
|
|
|
|
|
(4)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
256175.900 |
230011.200 |
172578.900 |
|
(b) Deferred tax liabilities (Net) |
73.100 |
84.900 |
115.200 |
|
(c)
Other long term liabilities |
3068.000 |
1534.300 |
2676.000 |
|
(d)
long-term provisions |
13541.200 |
10716.300 |
9909.300 |
|
Total
Non-current Liabilities (3) |
272858.200 |
242346.700 |
185279.400 |
|
|
|
|
|
|
(5) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b)
Trade payables |
10536.900 |
10225.300 |
6816.700 |
|
(c)
Other current liabilities |
35313.600 |
25338.800 |
53993.900 |
|
(d)
Short-term provisions |
1152.500 |
927.700 |
2207.900 |
|
Total
Current Liabilities (4) |
47003.000 |
36491.800 |
63018.500 |
|
|
|
|
|
|
TOTAL |
646631.000 |
587215.100 |
550157.700 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
318518.800 |
224406.100 |
218490.400 |
|
(ii)
Intangible Assets |
137.800 |
175.300 |
74.900 |
|
(iii)
Capital work-in-progress |
209368.500 |
251035.700 |
203077.400 |
|
(iv) Intangible assets under development |
7.200 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
2320.000 |
2695.900 |
13179.000 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
6492.400 |
6132.600 |
38392.000 |
|
(e)
Other Non-current assets |
37917.000 |
36457.900 |
5115.800 |
|
Total
Non-Current Assets |
574761.700 |
520903.500 |
478329.500 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
6387.100 |
6722.400 |
6728.100 |
|
(b)
Inventories |
8513.800 |
5145.100 |
5093.700 |
|
(c)
Trade receivables |
20852.800 |
21783.700 |
27685.700 |
|
(d)
Cash and cash equivalents |
13402.200 |
11863.700 |
22753.300 |
|
(e)
Short-term loans and advances |
21122.500 |
19414.900 |
2344.000 |
|
(f)
Other current assets |
17672.100 |
15221.600 |
2344.000 |
|
(g)
Assets classified as held for sale |
1.100 |
2.100 |
0.000 |
|
(h)
Rate regulatory assets |
3449.300 |
4191.200 |
0.000 |
|
Total
Current Assets |
71869.300 |
66311.600 |
71828.200 |
|
|
|
|
|
|
TOTAL |
646631.000 |
587215.100 |
550157.700 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
100031.800 |
96260.900 |
89159.800 |
|
|
|
Other Income |
3533.600 |
3293.000 |
3471.600 |
|
|
|
TOTAL |
103565.400 |
99553.900 |
92631.400 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Employees benefits expense |
14175.300 |
11901.000 |
11079.400 |
|
|
|
Fuel and heavy water charges |
28432.100 |
29553.500 |
28680.100 |
|
|
|
Operation and maintenance expenses |
8965.900 |
8248.800 |
8115.400 |
|
|
|
Rate regulatory income/(expenses) |
741.900 |
100.600 |
0.000 |
|
|
|
Prior period adjustments |
0.000 |
0.000 |
19.000 |
|
|
|
Other expenses |
3693.700 |
2441.800 |
4558.600 |
|
|
|
TOTAL |
56008.900 |
52245.700 |
52452.500 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
47556.500 |
47308.200 |
40178.900 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
5283.100 |
5624.700 |
4886.200 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
42273.400 |
41683.500 |
35292.700 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
9949.200 |
7467.800 |
7211.500 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
32324.200 |
34215.700 |
28081.200 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
6880.600 |
7194.400 |
6073.700 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX |
25443.600 |
27021.300 |
22007.500 |
|
|
|
|
|
|
|
|
|
|
COMPONENT AND SPARE PARTS |
3482.031 |
3587.600 |
4978.500 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (INR) |
|
|
|
|
|
|
Basic |
240.98 |
264.63 |
216.30 |
|
|
|
Diluted
|
240.98 |
264.58 |
216.22 |
|
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
12895.900 |
13064.600 |
43166.500 |
|
|
|
|
|
|
Cash generated/ (used) in operations |
56111.500 |
43121.200 |
33529.600 |
|
|
|
|
|
|
Net Cash from Operating Activities |
NA |
36281.900 |
27459.200 |
|
|
|
|
|
|
Net cash generated by operating activities |
48402.000 |
37033.800 |
NA |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
76.09 |
82.60 |
113.34 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
4.80 |
4.42 |
3.22 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
5.59 |
9.19 |
7.89 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.09 |
0.10 |
0.10 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.49 |
0.48 |
0.51 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.82 |
0.79 |
0.71 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.14 |
0.12 |
0.21 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
1.62 |
1.55 |
1.40 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
9.00 |
8.41 |
8.22 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
25.44 |
28.07 |
24.68 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
3.93 |
4.60 |
4.00 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
7.79 |
8.78 |
7.29 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.53 |
1.82 |
1.14 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
1.35 |
1.68 |
1.06 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.51 |
0.52 |
0.55 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
2.49 |
2.38 |
2.12 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.53 |
1.82 |
1.14 |
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
|
Particulars |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Share Capital |
101743.300 |
102172.400 |
108062.400 |
|
Reserves & Surplus |
199687.400 |
205413.600 |
218680.700 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
429.100 |
0.000 |
0.000 |
|
Net
worth |
301859.800 |
307586.000 |
326743.100 |
|
|
|
|
|
|
Long-term borrowings |
172578.900 |
230011.200 |
256175.900 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Current Maturities of Long
term debt |
43166.500 |
13064.600 |
12895.900 |
|
Total
borrowings |
215745.400 |
243075.800 |
269071.800 |
|
Debt/Equity
ratio |
0.715 |
0.790 |
0.823 |
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 |
89159.800 |
96260.900 |
100031.800 |
|
|
|
7.964 |
3.917 |
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 |
89159.800 |
96260.900 |
100031.800 |
|
Profit |
22007.500 |
27021.300 |
25443.600 |
|
|
24.68% |
28.07% |
25.44% |
LEGAL CASE
|
Registration Number: 2273/2016 Registration Date: 17-10-2016 |
||||||||||||||||||
|
Case Code: 201600231502016 |
||||||||||||||||||
|
Case Status |
||||||||||||||||||
|
First Hearing Date: 17th October 2016 Next Hearing Date: 25th November 2016 Stage of Case: NOTICE Court Number and Judge: 10-XI ADDITIONAL CHIEF JUDGE |
||||||||||||||||||
|
|
||||||||||||||||||
|
Petitioner and Advocate |
||||||||||||||||||
|
M/s IVRCL Ltd. Address - having its Regd. Office at M-22/3 RT, Vijay Nagar Colony, Hyderabad. Rep. by its authorized signatory A.Naga Satish Chandra Advocate- N.Lakshmidhar |
||||||||||||||||||
|
|
||||||||||||||||||
|
Respondent and Advocate |
||||||||||||||||||
|
Nuclear Power Corporation Of India Ltd. Address - Executive Director |
||||||||||||||||||
|
|
||||||||||||||||||
|
Acts |
||||||||||||||||||
|
||||||||||||||||||
|
|
||||||||||||||||||
|
History of Case Hearing |
||||||||||||||||||
|
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
No |
|
8 |
Designation of contact person |
No |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
No |
|
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 |
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 |
INDEX OF CHARGES
|
CHARGES REGISTERED |
||||||||
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
C76334986 |
10614220 |
STATE
BANK OF INDIA |
09/07/2015 |
- |
- |
10000000000.0 |
OVERSEAS
BRANCH, THE ARCADEWORLD TRADE CENTRE, CUFFE PARADEMUMBAIMH400005IN |
|
2 |
Z01083361 |
80059412 |
STATE
BANK OF INDIA |
30/03/2005 |
- |
- |
21660700000.0 |
MUMBAI
MAIN BRANCH, SECURITIES & SERVICES DIV.MUMBAI SAMACHAR
MARGMUMBAIMH400023IN |
|
3 |
G28535896 |
10016601 |
BANK OF
BARODA |
03/08/2006 |
- |
02/12/2016 |
3000000000.0 |
BRANCH
OFFICE AT S.T.ROAD BRANCH OFFICE S.T. ROAD,CHEMBURMUMBAIMH400071IN |
|
4 |
G29522323 |
10225723 |
BANK OF
INDIA |
11/06/2010 |
- |
28/11/2016 |
15000000000.0 |
NARIMAN
POINT BRANCHAIR INDIA BUILDING, NARIMAN POINTMUMBAIMH400021IN |
|
5 |
G29521341 |
10196524 |
BANK OF
INDIA |
09/12/2009 |
- |
28/11/2016 |
5000000000.0 |
NARIMAN
POINT BRANCHAIR INDIA BUILDING, NARIMAN POINTMUMBAIMH400021IN |
|
6 |
G28171528 |
10230986 |
DENA
BANK |
28/06/2010 |
- |
21/11/2016 |
2500000000.0 |
SHARE
BAZAR ROAD BRANCHAMBALAL DOSHI MARG, FORTMUMBAIMH400023IN |
|
7 |
G28170900 |
10197562 |
DENA BANK |
08/12/2009 |
- |
21/11/2016 |
2500000000.0 |
SHARE
BAZAR BRANCHAMBALAL DOSHI MARG, FORTMUMBAIMH400023IN |
|
8 |
G28343580 |
10019237 |
STATE
BANK OF HYDERABAD |
25/08/2006 |
- |
11/11/2016 |
1000000000.0 |
11-C, MITTAL
TOWERS,120, NARIMAN POINTMUMBAIMH400021IN |
|
9 |
G27577527 |
10234517 |
STATE
BANK OF INDIA |
24/07/2010 |
- |
09/11/2016 |
10000000000.0 |
OVERSEAS
BRANCHWORLD TRADE CENTRE, CUFFE PARADEMUMBAIMH400005IN |
|
10 |
G27532142 |
10045036 |
STATE BANK
OF INDIA |
23/02/2007 |
- |
09/11/2016 |
2500000000.0 |
EXPORT
FINANCE AND PUBLIC SECTOR DIVISIONOVERSEAS BRANCH, WORLD TRADE CENTRE, CUFFE
PARADEMUMBAIMH400005IN |
|
11 |
G27615343 |
10234625 |
STATE
BANK OF INDIA |
24/07/2010 |
- |
09/11/2016 |
2500000000.0 |
OVERSEAS
BRANCHWORLD TRADE CENTRE, CUFFE PARADEMUMBAIMH400005IN |
|
12 |
G27534544 |
10211932 |
STATE
BANK OF INDIA |
23/02/2010 |
- |
09/11/2016 |
2500000000.0 |
OVERSEAS
BRANCHWORLD TRADE CENTRE, CUFFE PARADEMUMBAIMH400005IN |
|
13 |
G27619907 |
90385964 |
STATE
BANK OF INDIA |
28/03/2005 |
28/03/2005 |
09/11/2016 |
7000000000.0 |
SBI
HOUSE, NARIMAN POINTMUMBAIMH400021IN |
|
14 |
G27537224 |
10201856 |
STATE
BANK OF INDIA |
24/12/2009 |
- |
09/11/2016 |
5000000000.0 |
OVERSEAS
BRANCH,WORLD TRADE CENTRE, CUFFE PARADE,MUMBAIMH400005IN |
|
15 |
C00104224 |
10016446 |
STATE
BANK OF INDIA |
25/07/2006 |
- |
21/02/2014 |
5000000000.0 |
EXPORT
FIANCE AND PUBLIC SECTOR DIVISIONOVERSEAS BRANCH, CUFFE
PARADEMUMBAIMH400005IN |
|
16 |
C00114116 |
10044810 |
STATE
BANK OF INDIA |
26/04/2006 |
- |
21/02/2014 |
8000000000.0 |
EXPORT
FINANCE AND PUBLIC SECTOR DIVISIONOVERSEAS BRANCH, CUFFE
PARADEMUMBAIMH400005IN |
|
17 |
B75927202 |
10037340 |
CANARA
BANK |
25/01/2007 |
- |
16/05/2013 |
2500000000.0 |
GROUND
FLOOR, MITTAL TOWER, C WINGNARIMAN POINT,MUMBAIMH400021IN |
|
18 |
B75926022 |
10045745 |
CANARA
BANK |
23/03/2007 |
- |
16/05/2013 |
2000000000.0 |
GROUND
FLOOR, MITTAL TOWER, C WINGNARIMAN POINT,MUMBAIMH400021IN |
|
19 |
B75926444 |
10012621 |
CANARA
BANK |
14/07/2006 |
- |
16/05/2013 |
5500000000.0 |
GROUND
FLOOR, MITTAL TOWER, 'C' WING,NARIMAN POINTMUMBAIMH400021IN |
|
20 |
B73071193 |
10093352 |
BANK OF
MAHARASHTRA |
27/02/2008 |
- |
20/03/2013 |
4000000000.0 |
CUFFE PARADE
BRANCH,85 E MAKER TOWERSCUFFE PARADEMUMBAIMH400005IN |
UNSECURED LOANS
|
PARTICULARS |
31.03.2017 (INR
In Million) |
31.03.2016 (INR
In Million) |
|
LONG-TERM BORROWINGS |
|
|
|
Term loans from
others |
|
|
|
DAE Loans – Russian Credit (Loans from KKNP- 1&2) |
30716.000 |
38168.600 |
|
DAE Loans – Russian Credit (Loans from KKNP- 3&4) |
14840.300 |
0.000 |
|
Foreign Currency loan – External Commercial Borrowing |
5477.600 |
11150.600 |
|
|
|
|
|
Total |
51033.900 |
49319.200 |
GENERAL
INFORMATION
The company [‘NPCIL’ or ‘the Corporation’] is a public limited company
incorporated in India with its registered office of 16th Floor,
World Trade Centre, Cuffe Parade, Coloba, Mumbai, India.
The corporation is a company with 100% shareholding by the president of
India and nominees under administrative control of department of atomic energy
(DAE), the ultimate parent being the government of India (GOI). The equity
shores of the corporation are not listed on any stock exchange. However, bonds/
debentures issued by the corporation are listed with the National Stock
Exchange of India. It was incorporated in September 1987 with the objective of
operating atomic power plants and establishing atomic power projects for the
generation of electricity. The corporation is principally engaged in the
generation of electricity with nuclear fuel through its plants located at
various locations across the country. The corporation is also involved in the
generation of electricity with the use of renewable resource i.e wind.
OPERATIONAL PERFORMANCE
Commercial electricity generation through nuclear energy, in FY 2016-17 was 37674 Million kWh (MUs) as against 37456 MUs in FY 2015-16, thus showing an increase of 218 Million KWh. Electricity generation through wind farm with an installed capacity of 10 MW at Kudankulam was 21 MUs as against 13 MUs of previous FY 2015-16. The average commercial Capacity Factor in FY 2016-17 was 80% as against 75% of previous FY 2015-16.
The KKNPP Unit - 2 (1000 MW) was commercialised on 31st March 2017 and accordingly the installed capacity of the company increased to 6680 MW in FY 2016-17. The electricity generated during the commissioning phase of KKNPP Unit-2 was being sold to beneficiaries as infirm power and the revenue was adjusted against the capital cost of the project as per the tariff norms. Post commercial operation, the performance of KKNPP Unit – 2 is included in the operational results of the Company.
OPERATIONAL PERFORMANCE RESULTS
The profit from continuing operation before tax of the Company for FY 2016-17 was INR 32320.000 million as compared to INR 34210.000 million for previous FY 2015-16 registering a decrease of INR 1890.000 million. Accordingly, there was a decrease in provision for taxation during FY 2016-17 i.e. INR 6880.000 million as compared to INR 7190.000 million in previous FY 2015-16. The total comprehensive income of the Company was INR 24910.000 million as compared to INR 26970.000 million for previous FY 2015-16 indicating a decrease of INR 2060.000 million. The reduction in the profit from continuing operation was mainly on account of certain onetime implication items accounted for during FY 2016-17 such as (a) Payment of past year arrears of employees’ salary (i.e. January to March 2016) on account of implementation of 7th Pay Commission Report; (b) Increase in employees benefits expenses on account of provisioning of past service arrears of gratuity due to enhancement of maximum gratuity limit from INR 1.000 million to INR 2.000 million; and (c) Provisioning of loss on account of de-capitalization of coolant channel and other related assets due to KAPS EMCCR activity. These onetime implication items had also resulted in decrease in total comprehensive income of the Company.
Presently, the Company is being subjected to Minimum Alternate Tax (MAT) under provisions of the Income Tax Act, 1961.
The amounts received towards Decommissioning Levy with interest on investment and interest received on investment of Research and Development Fund and Renovation & Modernization Fund have not been considered as income of the Company. These funds are held by NPCIL on behalf of the Department of Atomic Energy (DAE) and the Decommissioning Levy is being collected from beneficiaries based on a statutory notification issued by the DAE. The Income Tax Appellate Tribunal has decided that the interest earned on these funds be treated as income of the Company. While an appeal has been filed in the Honourable High Court of Maharashtra, Mumbai, the Company has appropriated ` 44 crore from these funds towards the income-tax during the year, if it is decided to be payable.
CONTINGENT
LIABILITIES:
|
Particulars |
31.03.2017 (INR
In Million) |
31.03.2016 (INR
In Million) |
|
Claims against the corporation not acknowledged as debts |
2484.700 |
1376.900 |
|
Sales tax/ entry tax/ service tax demands contested in appeals-amount
paid under protest INR 27.1000 million (31.03.2016 INR 27.100 million 1.04.2015
INR 27.100 million) |
56.800 |
27.100 |
|
Unexpired value of letters of credits/banks guarantees gives on behalf
of corporation |
852.400 |
361.100 |
|
Income tax/ service tax demands contested in appeals-amount paid under
protest INR 179.300 million (31.03.2016 INR 213.800 million INR 213.800
million 1.04.2015 INR 116.300 million) |
3525.900 |
4266.400 |
FIXED ASSETS:
Tangible Assets
· Land
· Building
· Plant and Equipment’s
· Furniture and Fixtures
· Vehicle
· Office Equipment
Intangible Assets
·
Software
PRESS RELEASE
INDIA'S NUCLEAR MAJOR
WINS PRESTIGIOUS RUSSIAN AWARD
MAY 16, 2018
NEW DELHI: Nuclear Power Corporation India Limited (NPCIL)'s prestigious campaign "Atom on Wheels" has won international award under the category of world's best public communication campaign at the 10th anniversary of international event ATOMEXPO-2018 held at Sochi, Russia on May 14.
This international award was conferred to NPCIL by the chief of the State
Atomic Energy Corporation of Russia aka 'Rosatom' in a event held during
Atomexpo. The award was received by Gautam Biswas, ED(LWR), on behalf of NPCIL.
Total 22 countries participated for the awards in various categories, out of which India, Hungry and South Africa could finally secured their entry in top 3 shortlisted countries by the extreme panel of eminent jury members.
To make people aware and educate about the numerous aspects of nuclear energy as well as to dispel apprehensions related to it, NPCIL has adopted multi-pronged strategy and Atom on Wheels is a one of them which is very unique tailor made campaign and has been crafted specially for the rural population of the country.
Conceptualised and designed by Amritesh Srivastava, Sr. Manager, Corporate Communications, this mobile exhibition has covered more than 6 lacs of villagers of 1500 villages across the 6 states of India -- Haryana, Rajasthan, Madhya Pradesh, Gujarat, Maharashtra and Andhra Pradesh during the time span of 2 years. Inside this air conditioned mobile bus, multiple numbers of creative panels, models, posters have been fabricated in a simple and lucid way for awareness of masses. Besides, multimedia set up including TV and projectors for screening of films in various languages are added feature in this high-tech bus.
The objective of this campaign is to develop positive and rational thinking amongst the masses related to nuclear energy, particularly to build a constructive opinion for setting up of more and more nuclear power plants in a phase wise manner at various locations across the country. This campaign got many awards at national level and earned accolades from various group of people including press and media during the last couple of years.
Nuclear Power could be one of the best options to generate electricity in a clean, green and safe way to meet the long term energy demand of the country on a sustainable basis.
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
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 67.96 |
|
UK Pound |
1 |
INR 91.88 |
|
Euro |
1 |
INR 80.28 |
INFORMATION DETAILS
|
Information
Gathered by : |
SAV |
|
|
|
|
Analysis Done by
: |
NYT |
|
|
|
|
Report Prepared
by : |
ARC |
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 |
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.