transfer pricing documentation · 2020-02-18 · 23 l & t technology services ltd. 44 24 l...

Prowess TraXCase Documentation

S M N Engineers Ltd.

Mar 2014

User Login: [email protected]

Case ID number: 14

Date of Generation of PDF: May 18, 2015

Vintage Used: 31 Mar 2015

Centre For Monitoring Indian Economy Pvt. Ltd.

Contents

1 Case details . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 Stage 1: Ascertain economic activity of target company . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23 Stage 2: Find comparables using main product/service . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 34 Stage 3: Find comparables based on products produced/traded . . . . . . . . . . . . . . . . . . . . . . . . 55 Stage 4: Find comparables based on grouping of products produced/traded . . . . . . . . . . . . . . . . . 86 Stage 5: Find comparables using product names as disclosed by companies . . . . . . . . . . . . . . . . . 97 Stage 6: Find comparables using business-segment wise information . . . . . . . . . . . . . . . . . . . . . 108 Stage 7: Filter comparables using Annual Financial Statements . . . . . . . . . . . . . . . . . . . . . . . . 119 Stage 8: Filter comparables using Related Party Transactions . . . . . . . . . . . . . . . . . . . . . . . . . 1310 Stage 9: Filter merged companies . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1511 Stage 10: Filter companies based on Ownership . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1612 Stage 11: Add company by name . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1713 Stage 12: Remove company by name . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1814 Stage 13: Generate profit margins of target company and peers . . . . . . . . . . . . . . . . . . . . . . . . 19

Company-wise datasheets - Stage 2 21Companies which matched criteria for addition & were added to list of comparables . . . . . . . . . . . . . . . 22

Company-wise datasheets - Stage 3 77Companies which matched criteria for addition & were added to list of comparables . . . . . . . . . . . . . . . 78

Company-wise datasheets - Stage 7 133Companies which matched criteria for retain & were therefore retained in the list of comparables . . . . . . . . 134Companies which did not match criteria for retain & were therefore dropped in the list of comparables . . . . . 142

Company-wise datasheets - Stage 8 199Companies which did not match criteria for removal & were therefore retained in the list of comparables . . . . 200Companies which matched criteria for removal & were therefore removed in the list of comparables . . . . . . . 204

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Transfer Pricing Documentation - May 18, 2015 Centre for Monitoring Indian Economy Pvt. Ltd.

1

1 Case details

• Name of the target company: S M N Engineers Ltd.

• Database Vintage: 31 Mar 2015

• Financial year ended: Mar 2014

• Currency: Rs. Crore

• Year of selected company in Vintage: Mar 2014

• Case name: S M N Engineers Ltd.-Techincal Consult

• Case number: 14

• User Login name: [email protected]

• Main economic activity of the tested party: Technical Consultancy & engineering services

• CIN Code: U45209TN1997PLC039043

Centre for Monitoring Indian Economy Pvt. Ltd. Transfer Pricing Documentation - May 18, 2015

2

2 Stage 1: Ascertain economic activity of target company

1. Information regarding products manufactured/traded as per AR for the selected year 20140331 isnot available.

2. The company belongs to the Business consultancy industry.

3. The NIC code of the company is 71100.

4. The main product/services group of the company is that product or product group of the companyfrom which the company generates more than 50 % of its revenue.

Table 1.1: Report of ascertain economic activity of target company


Main product/service classification : March 2012 - March 2014 : Non-Annualised : Rs. Crore

Services » Business services » Technical Consultancy & engineering services

Classifications Mar 2012 Mar 2013 Mar 2014

12 mths 12 mths 12 mths

Industry group Businessconsultancy

Businessconsultancy

Businessconsultancy

NIC code 71100 71100 71100

Main product / service TechnicalConsultancy &

engineering services

TechnicalConsultancy &


TechnicalConsultancy &


Income from Mainproduct/service

Total Income

Main product / service as a %of Total Income

Information regarding products manufactured/traded as per AR for the selectedyear March 2014 is not available


3

3 Stage 2: Find comparables using main product/service

1. The tested party S M N Engineers Ltd. main product/services classification is Technical Consul-tancy & engineering services

2. The main product/services selected from the CMIE’s standard products/services classificationusing the ‘Select from Product/Services Classification (CMIE)’ box is/are :

Technical Consultancy & Engineering Services; Architectural Services & Interior Designing Ser-vices

3. The financial year-end date entered in the ‘Query on Date/s’ is 20140331

4. The ‘Domain’ selected in this stage is ‘All companies’

5. The execute option selected in this stage from the ‘Execute’ box is ‘Add Comparables’

6. 55 companies matched the criteria specified in this stage. The names of these companies matchingthe criteria specified is given in the table below. Information of each of these companies is availableon the ‘Page reference’ given against the name of the company.

7. The number of comparables at the end of this stage stood at 55 companies.

Table 2: Companies which matched the criteria specified in this stage

No. Name of Companies Page reference

1 A 2 Z Infra Engg. Ltd. 222 Aban Energies Ltd. 233 Anand Projects Ltd. 244 Artefact Infrastructure Ltd. 255 Artefact Projects Ltd. 266 Assam Oil & Gas Ltd. 277 Autoline Design Software Ltd. 288 Bengal S R E I Infrastructure Devp. Ltd. 299 Binary Technology Transfers Pvt. Ltd. 3010 C E S C Projects Ltd. 3111 Cades Studec Technologies (India) Pvt. Ltd. 3212 Certification Engineers Intl. Ltd. 3313 Grusamar India Ltd. 3414 H M L Engineering Co. Ltd. 3515 H S C C (India) Ltd. 3616 I L & F S Energy Development Co. Ltd. 3717 I L & F S Infrastructure Devp. Corpn. Ltd. 3818 Inox Wind Infrastructure Services Ltd. 3919 Kratos Energy & Infrastructure Ltd. 4020 L & T - Gulf Pvt. Ltd. 4121 L & T Power Devp. Ltd. 4222 L & T Power Ltd. 4323 L & T Technology Services Ltd. 4424 L & T-Sargent & Lundy Ltd. 4525 L & T-Valdel Engg. Ltd. 4626 Mahindra Consulting Engineers Ltd. 4727 Mahindra Engineering Services Ltd. [Merged] 4828 Market City Mgmt. Pvt. Ltd. 4929 Mercator Oil & Gas Ltd. 5030 Michigan Engineers Pvt. Ltd. 5131 Mitcon Consultancy & Engg. Services Ltd. 5232 N D P L Infra Ltd. 5333 N T P C Electric Supply Co. Ltd. 5434 Om Metals Infraprojects Ltd. 5535 Orissa Sponge Iron & Steel Ltd. 5636 P F C Consulting Ltd. 57

(Continued. . .


4



37 Pattancheru Enviro-Tech Ltd. 5838 Pragati Development Consulting Services Ltd. 5939 S M N Engineers Ltd. 6040 Saipem India Projects Pvt. Ltd. 6141 Scan Projects Ltd. 6242 Shristi Urban Infrastructure Devp. Ltd. 6343 Simon India Ltd. 6444 Star Transformers Ltd. 6545 Sterling & Wilson Pvt. Ltd. 6646 Supreme Offshore Construction & Technical Services Ltd. 6747 Taril Infrastructure Ltd. 6848 Tata Projects Ltd. 6949 Terruzzi Fercalx India Ltd. 7050 Turbotech Engineering Ltd. 7151 Typhoon Holdings Ltd. 7252 W T I Advanced Technology Ltd. 7353 Xtend Industrial Designers & Engineers Pvt. Ltd. 7454 Zipper Trading Enterprises Ltd. 7555 Zodiac Ventures Ltd. 76


5

4 Stage 3: Find comparables based on products produced/traded

1. The product/services selected from the CMIE’s standard products/services classification usingthe ‘Select from Product/Services Classification (CMIE)’ box is/are as follows:

Technical Consultancy & Engineering Services; Architectural Services & Interior Designing Ser-vices

2. The indicators selected from the ‘Select Indicator’ box is/are;

Select Indicator box

Indicator name Range From Range To Unit

Sales as % of total income 25.00 %

3. The financial year-end date entered in the ‘Query on Date/s’ is 20140331.

4. The ‘Domain’ selected in this stage is ‘All companies’.

5. The ‘Annualise Off’ option has been selected.

6. The execute option selected in this stage from the ‘Execute’ box is ‘Add Comparables’.

7. 54 companies matched the criteria specified in this stage. The names of these companies matchingthe criteria specified is given in the table below. Information of each of these companies is availableon the ‘Page reference’ given against the name of the company.

8. The number of comparables at the end of this stage stood at 65 companies.

Table 4: Companies which matched the criteria specified in this stageNo. Name of Companies Page reference

1 A 2 Z Infra Engg. Ltd. 782 Aban Energies Ltd. 793 Anand Projects Ltd. 804 Artefact Infrastructure Ltd. 815 Artefact Projects Ltd. 826 Autoline Design Software Ltd. 837 Bengal S R E I Infrastructure Devp. Ltd. 848 Cades Studec Technologies (India) Pvt. Ltd. 859 Central Mine Planning & Design Institute Ltd. 8610 Certification Engineers Intl. Ltd. 8711 Expo Gas Containers Ltd. 8812 Grusamar India Ltd. 8913 H S C C (India) Ltd. 9014 Honeywell Automation India Ltd. 9115 I L & F S Energy Development Co. Ltd. 9216 I L & F S Infrastructure Devp. Corpn. Ltd. 9317 Inox Wind Infrastructure Services Ltd. 9418 L & T - Gulf Pvt. Ltd. 9519 L & T Power Devp. Ltd. 9620 L & T Sapura Offshore Pvt. Ltd. 9721 L & T Technology Services Ltd. 9822 L & T-Sargent & Lundy Ltd. 9923 L & T-Valdel Engg. Ltd. 10024 M P C O N Ltd. 10125 Mahindra Consulting Engineers Ltd. 10226 Mahindra Engineering Services Ltd. [Merged] 10327 Mercator Oil & Gas Ltd. 10428 Michigan Engineers Pvt. Ltd. 105

(Continued. . .


6



29 Mitcon Consultancy & Engg. Services Ltd. 10630 N D P L Infra Ltd. 10731 N T P C Electric Supply Co. Ltd. 10832 Om Metals Infraprojects Ltd. 10933 P F C Consulting Ltd. 11034 Pattancheru Enviro-Tech Ltd. 11135 Pragati Development Consulting Services Ltd. 11236 Rites Ltd. 11337 Sadbhav Infrastructure Project Ltd. 11438 Saipem India Projects Pvt. Ltd. 11539 Scan Projects Ltd. 11640 Shristi Urban Infrastructure Devp. Ltd. 11741 Simon India Ltd. 11842 Star Transformers Ltd. 11943 Sterling & Wilson Pvt. Ltd. 12044 Supreme Offshore Construction & Technical Services Ltd. 12145 Taril Infrastructure Ltd. 12246 Tata Projects Ltd. 12347 Technocraft Tabla Formwork Systems Pvt. Ltd. 12448 Terruzzi Fercalx India Ltd. 12549 V K S Projects Ltd. 12650 W T I Advanced Technology Ltd. 12751 Wapcos Ltd. 12852 Xtend Industrial Designers & Engineers Pvt. Ltd. 12953 Zipper Trading Enterprises Ltd. 13054 Zodiac Ventures Ltd. 131

Table 5: Outstanding comparables at the end of this stageNo. Name of Companies

1 A 2 Z Infra Engg. Ltd.2 Aban Energies Ltd.3 Anand Projects Ltd.4 Artefact Infrastructure Ltd.5 Artefact Projects Ltd.6 Assam Oil & Gas Ltd.7 Autoline Design Software Ltd.8 Bengal S R E I Infrastructure Devp. Ltd.9 Binary Technology Transfers Pvt. Ltd.10 C E S C Projects Ltd.11 Cades Studec Technologies (India) Pvt. Ltd.12 Central Mine Planning & Design Institute Ltd.13 Certification Engineers Intl. Ltd.14 Expo Gas Containers Ltd.15 Grusamar India Ltd.16 H M L Engineering Co. Ltd.17 H S C C (India) Ltd.18 Honeywell Automation India Ltd.19 I L & F S Energy Development Co. Ltd.20 I L & F S Infrastructure Devp. Corpn. Ltd.21 Inox Wind Infrastructure Services Ltd.22 Kratos Energy & Infrastructure Ltd.23 L & T - Gulf Pvt. Ltd.24 L & T Power Devp. Ltd.25 L & T Power Ltd.26 L & T Sapura Offshore Pvt. Ltd.27 L & T Technology Services Ltd.28 L & T-Sargent & Lundy Ltd.29 L & T-Valdel Engg. Ltd.

(Continued. . .


7

Table 5: Outstanding comparables at the end of this stage

No. Name of Companies

30 M P C O N Ltd.31 Mahindra Consulting Engineers Ltd.32 Mahindra Engineering Services Ltd. [Merged]33 Market City Mgmt. Pvt. Ltd.34 Mercator Oil & Gas Ltd.35 Michigan Engineers Pvt. Ltd.36 Mitcon Consultancy & Engg. Services Ltd.37 N D P L Infra Ltd.38 N T P C Electric Supply Co. Ltd.39 Om Metals Infraprojects Ltd.40 Orissa Sponge Iron & Steel Ltd.41 P F C Consulting Ltd.42 Pattancheru Enviro-Tech Ltd.43 Pragati Development Consulting Services Ltd.44 Rites Ltd.45 S M N Engineers Ltd.46 Sadbhav Infrastructure Project Ltd.47 Saipem India Projects Pvt. Ltd.48 Scan Projects Ltd.49 Shristi Urban Infrastructure Devp. Ltd.50 Simon India Ltd.51 Star Transformers Ltd.52 Sterling & Wilson Pvt. Ltd.53 Supreme Offshore Construction & Technical Services Ltd.54 Taril Infrastructure Ltd.55 Tata Projects Ltd.56 Technocraft Tabla Formwork Systems Pvt. Ltd.57 Terruzzi Fercalx India Ltd.58 Turbotech Engineering Ltd.59 Typhoon Holdings Ltd.60 V K S Projects Ltd.61 W T I Advanced Technology Ltd.62 Wapcos Ltd.63 Xtend Industrial Designers & Engineers Pvt. Ltd.64 Zipper Trading Enterprises Ltd.65 Zodiac Ventures Ltd.


8

5 Stage 4: Find comparables based on grouping of products produced/traded

This stage has been Skipped.


9

6 Stage 5: Find comparables using product names as disclosed by companies



10

7 Stage 6: Find comparables using business-segment wise information



11

8 Stage 7: Filter comparables using Annual Financial Statements

1. The indicators selected from the ‘Select Indicator’ box is/are;

Select Indicator box

Indicator name Range From Range To Unit

Sales 5.00 C.AServices income as % of sales 75.00 (%)Compensation to employees as % of total income 25.00 (%)Net worth 0.00 C


3. The ‘Domain’ selected in this stage is ‘Comparable companies from OSC’.


5. The execute option selected in this stage from the ‘Execute’ box is ‘Retain Comparables’.

6. Of the 65 companies at the beginning of this stage, 8 companies matched the criteria specifiedwhile executing this stage.

7. As a result of executing this stage, the number of outstanding comparables reduced from 65companies at the beginning of this stage to 8 companies after execution of this stage.

8. The names of these companies retained is given in the table below. Information of each of thesecompanies is available on the ‘Page reference’ given against the name of the company.

Table 7: Companies which matched the criteria specified and were therefore retainedin the list of comparables in this stage


1 Cades Studec Technologies (India) Pvt. Ltd. 1342 I L & F S Infrastructure Devp. Corpn. Ltd. 1353 L & T Technology Services Ltd. 1364 Mahindra Consulting Engineers Ltd. 1375 Mahindra Engineering Services Ltd. [Merged] 1386 Mitcon Consultancy & Engg. Services Ltd. 1397 N T P C Electric Supply Co. Ltd. 1408 W T I Advanced Technology Ltd. 141

Table 8: Companies which did not match the criteria specified and were thereforedropped from the list of comparables in this stage


1 A 2 Z Infra Engg. Ltd. 1422 Aban Energies Ltd. 1433 Anand Projects Ltd. 1444 Artefact Infrastructure Ltd. 1455 Artefact Projects Ltd. 1466 Assam Oil & Gas Ltd. 1477 Autoline Design Software Ltd. 1488 Bengal S R E I Infrastructure Devp. Ltd. 1499 Binary Technology Transfers Pvt. Ltd. 15010 C E S C Projects Ltd. 15111 Central Mine Planning & Design Institute Ltd. 15212 Certification Engineers Intl. Ltd. 153

(Continued. . .


12

Table 8: Companies which did not match the criteria specified and were thereforedropped from the list of comparables in this stage


13 Expo Gas Containers Ltd. 15414 Grusamar India Ltd. 15515 H M L Engineering Co. Ltd. 15616 H S C C (India) Ltd. 15717 Honeywell Automation India Ltd. 15818 I L & F S Energy Development Co. Ltd. 15919 Inox Wind Infrastructure Services Ltd. 16020 Kratos Energy & Infrastructure Ltd. 16121 L & T - Gulf Pvt. Ltd. 16222 L & T Power Devp. Ltd. 16323 L & T Power Ltd. 16424 L & T Sapura Offshore Pvt. Ltd. 16525 L & T-Sargent & Lundy Ltd. 16626 L & T-Valdel Engg. Ltd. 16727 M P C O N Ltd. 16828 Market City Mgmt. Pvt. Ltd. 16929 Mercator Oil & Gas Ltd. 17030 Michigan Engineers Pvt. Ltd. 17131 N D P L Infra Ltd. 17232 Om Metals Infraprojects Ltd. 17333 Orissa Sponge Iron & Steel Ltd. 17434 P F C Consulting Ltd. 17535 Pattancheru Enviro-Tech Ltd. 17636 Pragati Development Consulting Services Ltd. 17737 Rites Ltd. 17838 S M N Engineers Ltd. 17939 Sadbhav Infrastructure Project Ltd. 18040 Saipem India Projects Pvt. Ltd. 18141 Scan Projects Ltd. 18242 Shristi Urban Infrastructure Devp. Ltd. 18343 Simon India Ltd. 18444 Star Transformers Ltd. 18545 Sterling & Wilson Pvt. Ltd. 18646 Supreme Offshore Construction & Technical Services Ltd. 18747 Taril Infrastructure Ltd. 18848 Tata Projects Ltd. 18949 Technocraft Tabla Formwork Systems Pvt. Ltd. 19050 Terruzzi Fercalx India Ltd. 19151 Turbotech Engineering Ltd. 19252 Typhoon Holdings Ltd. 19353 V K S Projects Ltd. 19454 Wapcos Ltd. 19555 Xtend Industrial Designers & Engineers Pvt. Ltd. 19656 Zipper Trading Enterprises Ltd. 19757 Zodiac Ventures Ltd. 198


13

9 Stage 8: Filter comparables using Related Party Transactions

1. The party type/s selected from the ‘Select Party Type(s)’;

(a) All excl Key Pers & Rel

2. The condition/s entered in the ‘Enter Indicator/Expression for Search ’ box is/are;

(rpt_total_income- rpt_income_frm_rent- rpt_income_frm_dividends-rpt_interest_income+ rpt_total_expenses- rpt_rent_expenses- rpt_interest_expenses-rpt_dividend_expenses)/sales*100>25

3. The following expression selected from the select indicators tree is a user-defined expression. The-formula of the user-defined expression is as follows:

rpt_dividend_expenses (rpt_dividend_expenses)= rptval("dividend_exp")rpt_income_frm_dividends (rpt_income_frm_dividends)= rptval("dividend_inc")rpt_income_frm_rent (rpt_income_frm_rent)= rptval("rent_inc")rpt_interest_expenses (rpt_interest_expenses)= rptval("interest_exp")rpt_interest_income (rpt_interest_income)= rptval("interest_inc")rpt_rent_expenses (rpt_rent_expenses)= rptval("rent_exp")rpt_total_expenses (rpt_total_expenses)= rptval("total_expenses")rpt_total_income (rpt_total_income)= rptval("income")rptval (rptval)= rptval


5. The ‘Domain’ selected in this stage is ‘Comparable companies from OSC’.


7. The query has been executed by selecting the ‘Remove Comparables’ option available under the‘Execute’ box.

8. Of the 8 companies at the beginning of this stage, 4 companies matched the criteria specified forremoval of comparables while executing this stage.

9. As a result of executing this stage, the number of outstanding comparables reduced from 8 com-panies at the beginning of this stage to 4 companies after execution of this stage.

10. The names of the companies removed is given in the table below. Information of each of thesecompanies is available on the ‘Page reference’ given against the name of the company.

Table 9: Companies which matched criteria for removal and were dropped from thelist of comparables in this stage


1 Cades Studec Technologies (India) Pvt. Ltd. 2042 L & T Technology Services Ltd. 2053 Mahindra Engineering Services Ltd. [Merged] 2064 W T I Advanced Technology Ltd. 207


14

Table 10: Companies which did not match the criteria specified and were thereforenot removed from the list of comparables in this stage


1 I L & F S Infrastructure Devp. Corpn. Ltd. 2002 Mahindra Consulting Engineers Ltd. 2013 Mitcon Consultancy & Engg. Services Ltd. 2024 N T P C Electric Supply Co. Ltd. 203


15

10 Stage 9: Filter merged companies



16

11 Stage 10: Filter companies based on Ownership



17

12 Stage 11: Add company by name



18

13 Stage 12: Remove company by name



19

14 Stage 13: Generate profit margins of target company and peers

1. The ‘Generate Profit Margins’ option was executed to generate the profit margins of target com-pany and peers report.

2. The report has Operating profit margins and Net profit margins of the tested party and itscomparables as also the simple average and the weighted average of the two margins for the groupof companies as a whole.

Table 14.1: Generate profit margins of target company and peers

Comparison with peers(Annualised)

Net Profit Margin Operating Profit Margin

Company Name March2012

March2013

March2014

March2012

March2013

March2014

S M N Engineers Ltd. 0.00 0.00 0.00 0.00 0.00 0.00

I L & F S Infrastructure Devp.Corpn. Ltd.

2.23 4.36 1.21 11.30 15.55 11.86

Mahindra ConsultingEngineers Ltd.

13.40 14.08 1.56 18.84 20.93 13.96

Mitcon Consultancy & Engg.Services Ltd.

16.40 19.38 16.49 27.90 30.28 24.15

N T P C Electric Supply Co.Ltd.

10.98 -84.91 34.29 1.00 -226.85 -33.65

Simple Average 10.75 -11.77 13.39 14.76 -40.02 4.08

Weighted Average 9.75 -6.72 14.90 14.27 -7.18 6.95

Main product/service group details for peer companies : March 2014 :Non-Annualised

CMIE product name Sales(Rs. Crore)

Share inTotal Income

(%)


No relevant productinformation found.

I L & F S InfrastructureDevp. Corpn. Ltd.

Product/services includedin main product/servicegroup

Technical Consultancy &engineering services

74.98 92.66

Infrastructure & ProjectIncome


74.98 92.66

Mahindra ConsultingEngineers Ltd.



11.46 98.96

Consultancy Fees Technical Consultancy &engineering services

11.46 98.96

Mitcon Consultancy &Engg. Services Ltd.



26.32 61.51

(Continued. . . )


20

Consultancy Fees Technical Consultancy &engineering services

26.32 61.51

N T P C Electric SupplyCo. Ltd.



28.20 48.94

Consultancy, ProjectManagement & SupervisionFees


28.20 48.94


Company-wise datasheets - Stage 2

• Companies which matched criteria for addition & were added tolist of comparables

21

22 Company-wise datasheets - Stage 2

Name of the ProwessTP Stage:

Find comparables using Main Products / Services Group

Name of the company:

A 2 Z Infra Engg. Ltd.

Conditions specified in this Stage:

1. Year/s specified: 20140331

2. Products selected from CMIE product classification tree:Technical Consultancy & Engineering Services and all products under it

Execute option selected: Add ComparablesMatched condition: YesIncluded in the list of comparables at the end of the stage: Yes

Datasheet obtained using the conditions specified:

Main Products/Services Group of A 2 Z Infra Engg. Ltd.

Indicators March 2014

Main Products/ Services Group Technical Consultancy & Engineer-ing Services


Company-wise datasheets - Stage 2 23




Aban Energies Ltd.






Main Products/Services Group of Aban Energies Ltd.








Anand Projects Ltd.






Main Products/Services Group of Anand Projects Ltd.








Artefact Infrastructure Ltd.






Main Products/Services Group of Artefact Infrastructure Ltd.








Artefact Projects Ltd.






Main Products/Services Group of Artefact Projects Ltd.








Assam Oil & Gas Ltd.






Main Products/Services Group of Assam Oil & Gas Ltd.

Indicators December 2013







Autoline Design Software Ltd.






Main Products/Services Group of Autoline Design Software Ltd.








Bengal S R E I Infrastructure Devp. Ltd.






Main Products/Services Group of Bengal S R E I Infrastructure Devp. Ltd.








Binary Technology Transfers Pvt. Ltd.






Main Products/Services Group of Binary Technology Transfers Pvt. Ltd.








C E S C Projects Ltd.






Main Products/Services Group of C E S C Projects Ltd.








Cades Studec Technologies (India) Pvt. Ltd.






Main Products/Services Group of Cades Studec Technologies (India) Pvt. Ltd.








Certification Engineers Intl. Ltd.






Main Products/Services Group of Certification Engineers Intl. Ltd.








Grusamar India Ltd.






Main Products/Services Group of Grusamar India Ltd.








H M L Engineering Co. Ltd.






Main Products/Services Group of H M L Engineering Co. Ltd.








H S C C (India) Ltd.






Main Products/Services Group of H S C C (India) Ltd.








I L & F S Energy Development Co. Ltd.






Main Products/Services Group of I L & F S Energy Development Co. Ltd.








I L & F S Infrastructure Devp. Corpn. Ltd.






Main Products/Services Group of I L & F S Infrastructure Devp. Corpn. Ltd.








Inox Wind Infrastructure Services Ltd.






Main Products/Services Group of Inox Wind Infrastructure Services Ltd.








Kratos Energy & Infrastructure Ltd.






Main Products/Services Group of Kratos Energy & Infrastructure Ltd.








L & T - Gulf Pvt. Ltd.






Main Products/Services Group of L & T - Gulf Pvt. Ltd.








L & T Power Devp. Ltd.






Main Products/Services Group of L & T Power Devp. Ltd.








L & T Power Ltd.






Main Products/Services Group of L & T Power Ltd.








L & T Technology Services Ltd.






Main Products/Services Group of L & T Technology Services Ltd.








L & T-Sargent & Lundy Ltd.






Main Products/Services Group of L & T-Sargent & Lundy Ltd.








L & T-Valdel Engg. Ltd.






Main Products/Services Group of L & T-Valdel Engg. Ltd.








Mahindra Consulting Engineers Ltd.






Main Products/Services Group of Mahindra Consulting Engineers Ltd.








Mahindra Engineering Services Ltd. [Merged]






Main Products/Services Group of Mahindra Engineering Services Ltd. [Merged]








Market City Mgmt. Pvt. Ltd.






Main Products/Services Group of Market City Mgmt. Pvt. Ltd.








Mercator Oil & Gas Ltd.






Main Products/Services Group of Mercator Oil & Gas Ltd.








Michigan Engineers Pvt. Ltd.






Main Products/Services Group of Michigan Engineers Pvt. Ltd.








Mitcon Consultancy & Engg. Services Ltd.






Main Products/Services Group of Mitcon Consultancy & Engg. Services Ltd.








N D P L Infra Ltd.






Main Products/Services Group of N D P L Infra Ltd.








N T P C Electric Supply Co. Ltd.






Main Products/Services Group of N T P C Electric Supply Co. Ltd.








Om Metals Infraprojects Ltd.






Main Products/Services Group of Om Metals Infraprojects Ltd.








Orissa Sponge Iron & Steel Ltd.






Main Products/Services Group of Orissa Sponge Iron & Steel Ltd.








P F C Consulting Ltd.






Main Products/Services Group of P F C Consulting Ltd.








Pattancheru Enviro-Tech Ltd.






Main Products/Services Group of Pattancheru Enviro-Tech Ltd.








Pragati Development Consulting Services Ltd.






Main Products/Services Group of Pragati Development Consulting Services Ltd.














Main Products/Services Group of S M N Engineers Ltd.








Saipem India Projects Pvt. Ltd.






Main Products/Services Group of Saipem India Projects Pvt. Ltd.








Scan Projects Ltd.






Main Products/Services Group of Scan Projects Ltd.








Shristi Urban Infrastructure Devp. Ltd.






Main Products/Services Group of Shristi Urban Infrastructure Devp. Ltd.








Simon India Ltd.






Main Products/Services Group of Simon India Ltd.








Star Transformers Ltd.






Main Products/Services Group of Star Transformers Ltd.








Sterling & Wilson Pvt. Ltd.






Main Products/Services Group of Sterling & Wilson Pvt. Ltd.








Supreme Offshore Construction & Technical Services Ltd.






Main Products/Services Group of Supreme Offshore Construction & Technical Services Ltd.








Taril Infrastructure Ltd.






Main Products/Services Group of Taril Infrastructure Ltd.








Tata Projects Ltd.






Main Products/Services Group of Tata Projects Ltd.








Terruzzi Fercalx India Ltd.






Main Products/Services Group of Terruzzi Fercalx India Ltd.








Turbotech Engineering Ltd.






Main Products/Services Group of Turbotech Engineering Ltd.








Typhoon Holdings Ltd.






Main Products/Services Group of Typhoon Holdings Ltd.








W T I Advanced Technology Ltd.






Main Products/Services Group of W T I Advanced Technology Ltd.








Xtend Industrial Designers & Engineers Pvt. Ltd.






Main Products/Services Group of Xtend Industrial Designers & Engineers Pvt. Ltd.








Zipper Trading Enterprises Ltd.






Main Products/Services Group of Zipper Trading Enterprises Ltd.








Zodiac Ventures Ltd.






Main Products/Services Group of Zodiac Ventures Ltd.


Main Products/ Services Group Architectural Services & InteriorDesigning Services



• Companies which matched criteria for addition & were added tolist of comparables

77



Find Comparables based on Products Produced/Traded





2. Products selected from CMIE’s product classification tree:Technical Consultancy & Engineering Services and all products under it

3. Indicators selected from the Select Indicator box ;

(a) Sales as % of total income >= 25.00



Products Produced/Traded (clubbed) of A 2 Z Infra Engg. Ltd.

Product names Indicators March 2014

Technical Consultancy & engineer-ing services

Sales as % of total in-come

86.84


Unit %


Products Produced/Traded (unclubbed) of A 2 Z Infra Engg. Ltd.

Product names as per AR Indicators March 2014

Engineering Services Sales as % of total in-come

86.84

Engineering Services Unit %






Aban Energies Ltd.








Products Produced/Traded (clubbed) of Aban Energies Ltd.




876.00


Unit %


Products Produced/Traded (unclubbed) of Aban Energies Ltd.


Operating And Maintenance Service Sales as % of total in-come

876.00

Operating And Maintenance Service Unit %






Anand Projects Ltd.








Products Produced/Traded (clubbed) of Anand Projects Ltd.




81.93


Unit %


Products Produced/Traded (unclubbed) of Anand Projects Ltd.


Project Revenue Sales as % of total in-come

81.93

Project Revenue Unit %














Products Produced/Traded (clubbed) of Artefact Infrastructure Ltd.




81.43


Unit %


Products Produced/Traded (unclubbed) of Artefact Infrastructure Ltd.


Epc Income Sales as % of total in-come

81.43

Epc Income Unit %














Products Produced/Traded (clubbed) of Artefact Projects Ltd.




98.54


Unit %


Products Produced/Traded (unclubbed) of Artefact Projects Ltd.


Project Consultancy Income Sales as % of total in-come

98.54

Project Consultancy Income Unit %














Products Produced/Traded (clubbed) of Autoline Design Software Ltd.




55.88


Unit %


Products Produced/Traded (unclubbed) of Autoline Design Software Ltd.


Eneineering Services Sales as % of total in-come

55.88

Eneineering Services Unit %














Products Produced/Traded (clubbed) of Bengal S R E I Infrastructure Devp. Ltd.




100.00


Unit %


Products Produced/Traded (unclubbed) of Bengal S R E I Infrastructure Devp. Ltd.


Consultancy Charges Sales as % of total in-come

100.00

Consultancy Charges Unit %














Products Produced/Traded (clubbed) of Cades Studec Technologies (India) Pvt. Ltd.




96.19


Unit %


Products Produced/Traded (unclubbed) of Cades Studec Technologies (India) Pvt. Ltd.


Documentation Engineering Ser-vices


96.19

Documentation Engineering Ser-vices

Unit %






Central Mine Planning & Design Institute Ltd.








Products Produced/Traded (clubbed) of Central Mine Planning & Design Institute Ltd.


Architectural services & interior de-signing services


29.43


Unit %


Products Produced/Traded (unclubbed) of Central Mine Planning & Design Institute Ltd.


Planning & Design Sales as % of total in-come

29.43

Planning & Design Unit %














Products Produced/Traded (clubbed) of Certification Engineers Intl. Ltd.




86.02


Unit %


Products Produced/Traded (unclubbed) of Certification Engineers Intl. Ltd.


Income From Services Rendered Sales as % of total in-come

86.02

Income From Services Rendered Unit %






Expo Gas Containers Ltd.








Products Produced/Traded (clubbed) of Expo Gas Containers Ltd.




40.97


Unit %


Products Produced/Traded (unclubbed) of Expo Gas Containers Ltd.


Contracts Sales as % of total in-come

40.97

Contracts Unit %






Grusamar India Ltd.








Products Produced/Traded (clubbed) of Grusamar India Ltd.




100.00


Unit %


Products Produced/Traded (unclubbed) of Grusamar India Ltd.


Consultancy Charges Sales as % of total in-come

100.00

Consultancy Charges Unit %














Products Produced/Traded (clubbed) of H S C C (India) Ltd.




60.02


Unit %


Products Produced/Traded (unclubbed) of H S C C (India) Ltd.


Consultancy Fees Sales as % of total in-come

60.02

Consultancy Fees Unit %






Honeywell Automation India Ltd.








Products Produced/Traded (clubbed) of Honeywell Automation India Ltd.




27.07


Unit %


Products Produced/Traded (unclubbed) of Honeywell Automation India Ltd.


Services Sales as % of total in-come

27.07

Services Unit %














Products Produced/Traded (clubbed) of I L & F S Energy Development Co. Ltd.




55.30


Unit %


Products Produced/Traded (unclubbed) of I L & F S Energy Development Co. Ltd.


Consultancy Income Sales as % of total in-come

55.30

Consultancy Income Unit %














Products Produced/Traded (clubbed) of I L & F S Infrastructure Devp. Corpn. Ltd.




92.66


Unit %


Products Produced/Traded (unclubbed) of I L & F S Infrastructure Devp. Corpn. Ltd.


Infrastructure & Project Income Sales as % of total in-come

92.66

Infrastructure & Project Income Unit %














Products Produced/Traded (clubbed) of Inox Wind Infrastructure Services Ltd.




81.13


Unit %


Products Produced/Traded (unclubbed) of Inox Wind Infrastructure Services Ltd.


Erection, Procurement & Comm Sales as % of total in-come

81.13

Erection, Procurement & Comm Unit %














Products Produced/Traded (clubbed) of L & T - Gulf Pvt. Ltd.




95.33


Unit %


Products Produced/Traded (unclubbed) of L & T - Gulf Pvt. Ltd.


Engineering Consultancy Services Sales as % of total in-come

95.33

Engineering Consultancy Services Unit %














Products Produced/Traded (clubbed) of L & T Power Devp. Ltd.




100.00


Unit %


Products Produced/Traded (unclubbed) of L & T Power Devp. Ltd.


Project Facillitation & AdvisoryService Fees


100.00

Project Facillitation & AdvisoryService Fees

Unit %






L & T Sapura Offshore Pvt. Ltd.








Products Produced/Traded (clubbed) of L & T Sapura Offshore Pvt. Ltd.




48.21


Unit %


Products Produced/Traded (unclubbed) of L & T Sapura Offshore Pvt. Ltd.



48.21















Products Produced/Traded (clubbed) of L & T Technology Services Ltd.




99.98


Unit %


Products Produced/Traded (unclubbed) of L & T Technology Services Ltd.



99.98















Products Produced/Traded (clubbed) of L & T-Sargent & Lundy Ltd.




92.47


Unit %


Products Produced/Traded (unclubbed) of L & T-Sargent & Lundy Ltd.


Income From Engineering Services Sales as % of total in-come

92.47

Income From Engineering Services Unit %














Products Produced/Traded (clubbed) of L & T-Valdel Engg. Ltd.




98.42


Unit %


Products Produced/Traded (unclubbed) of L & T-Valdel Engg. Ltd.


Engineering Consultants Sales as % of total in-come

98.42

Engineering Consultants Unit %






M P C O N Ltd.








Products Produced/Traded (clubbed) of M P C O N Ltd.




29.16


Unit %


Products Produced/Traded (unclubbed) of M P C O N Ltd.


Project Consultancy Fees Sales as % of total in-come

29.16

Project Consultancy Fees Unit %














Products Produced/Traded (clubbed) of Mahindra Consulting Engineers Ltd.




98.96


Unit %


Products Produced/Traded (unclubbed) of Mahindra Consulting Engineers Ltd.



98.96















Products Produced/Traded (clubbed) of Mahindra Engineering Services Ltd. [Merged]




91.22


Unit %


Products Produced/Traded (unclubbed) of Mahindra Engineering Services Ltd. [Merged]


Income From Operations Sales as % of total in-come

91.22

Income From Operations Unit %














Products Produced/Traded (clubbed) of Mercator Oil & Gas Ltd.




98.55


Unit %


Products Produced/Traded (unclubbed) of Mercator Oil & Gas Ltd.


Construction Contracts Sales as % of total in-come

98.55

Construction Contracts Unit %














Products Produced/Traded (clubbed) of Michigan Engineers Pvt. Ltd.




89.04


Unit %


Products Produced/Traded (unclubbed) of Michigan Engineers Pvt. Ltd.


Work Bills Sales as % of total in-come

89.04

Work Bills Unit %














Products Produced/Traded (clubbed) of Mitcon Consultancy & Engg. Services Ltd.




61.51


Unit %


Products Produced/Traded (unclubbed) of Mitcon Consultancy & Engg. Services Ltd.



61.51







N D P L Infra Ltd.








Products Produced/Traded (clubbed) of N D P L Infra Ltd.




98.90


Unit %


Products Produced/Traded (unclubbed) of N D P L Infra Ltd.


Services Sales as % of total in-come

98.90

Services Unit %














Products Produced/Traded (clubbed) of N T P C Electric Supply Co. Ltd.




48.94


Unit %


Products Produced/Traded (unclubbed) of N T P C Electric Supply Co. Ltd.


Consultancy, Project Management& Supervision Fees


48.94

Consultancy, Project Management& Supervision Fees

Unit %














Products Produced/Traded (clubbed) of Om Metals Infraprojects Ltd.




59.99


Unit %


Products Produced/Traded (unclubbed) of Om Metals Infraprojects Ltd.


Contract Receipt Sales as % of total in-come

59.99

Contract Receipt Unit %














Products Produced/Traded (clubbed) of P F C Consulting Ltd.




64.44


Unit %


Products Produced/Traded (unclubbed) of P F C Consulting Ltd.


Consulting Services Sales as % of total in-come

64.44

Consulting Services Unit %














Products Produced/Traded (clubbed) of Pattancheru Enviro-Tech Ltd.




89.19


Unit %


Products Produced/Traded (unclubbed) of Pattancheru Enviro-Tech Ltd.


Treatment Of Pre-Treated Effluents Sales as % of total in-come

89.19

Treatment Of Pre-Treated Effluents Unit %














Products Produced/Traded (clubbed) of Pragati Development Consulting Services Ltd.




100.00


Unit %


Products Produced/Traded (unclubbed) of Pragati Development Consulting Services Ltd.


Consulting Fees Sales as % of total in-come

100.00

Consulting Fees Unit %






Rites Ltd.








Products Produced/Traded (clubbed) of Rites Ltd.




35.72


Unit %


Products Produced/Traded (unclubbed) of Rites Ltd.


From Consultancy Sales as % of total in-come

35.72

From Consultancy Unit %






Sadbhav Infrastructure Project Ltd.








Products Produced/Traded (clubbed) of Sadbhav Infrastructure Project Ltd.




30.32


Unit %


Products Produced/Traded (unclubbed) of Sadbhav Infrastructure Project Ltd.


Advisory & Project ManagementFees


30.32

Advisory & Project ManagementFees

Unit %














Products Produced/Traded (clubbed) of Saipem India Projects Pvt. Ltd.




99.75


Unit %


Products Produced/Traded (unclubbed) of Saipem India Projects Pvt. Ltd.



99.75







Scan Projects Ltd.








Products Produced/Traded (clubbed) of Scan Projects Ltd.




71.69


Unit %


Products Produced/Traded (unclubbed) of Scan Projects Ltd.


Erec.,Commission,Supern.,Proj.Drawg., & Designg.


71.69

Erec.,Commission,Supern.,Proj.Drawg., & Designg.

Unit %














Products Produced/Traded (clubbed) of Shristi Urban Infrastructure Devp. Ltd.




100.00


Unit %


Products Produced/Traded (unclubbed) of Shristi Urban Infrastructure Devp. Ltd.


Consultancy Income Sales as % of total in-come

100.00

Consultancy Income Unit %






Simon India Ltd.








Products Produced/Traded (clubbed) of Simon India Ltd.




94.70


Unit %


Products Produced/Traded (unclubbed) of Simon India Ltd.



94.70















Products Produced/Traded (clubbed) of Star Transformers Ltd.




66.72


Unit %


Products Produced/Traded (unclubbed) of Star Transformers Ltd.


Revenue From Engineering Services Sales as % of total in-come

66.72

Revenue From Engineering Services Unit %














Products Produced/Traded (clubbed) of Sterling & Wilson Pvt. Ltd.




95.15


Unit %


Products Produced/Traded (unclubbed) of Sterling & Wilson Pvt. Ltd.


Income From Contracts Sales as % of total in-come

95.15

Income From Contracts Unit %














Products Produced/Traded (clubbed) of Supreme Offshore Construction & Technical Services Ltd.




53.50


Unit %


Products Produced/Traded (unclubbed) of Supreme Offshore Construction & Technical Services Ltd.


Income From Operations Sales as % of total in-come

53.50

Income From Operations Unit %














Products Produced/Traded (clubbed) of Taril Infrastructure Ltd.




99.84


Unit %


Products Produced/Traded (unclubbed) of Taril Infrastructure Ltd.


Civil Work Sales as % of total in-come

99.84

Civil Work Unit %






Tata Projects Ltd.








Products Produced/Traded (clubbed) of Tata Projects Ltd.




96.20


Unit %


Products Produced/Traded (unclubbed) of Tata Projects Ltd.


Income From Erection, Engineering& Quality Inspec


96.20

Income From Erection, Engineering& Quality Inspec

Unit %






Technocraft Tabla Formwork Systems Pvt. Ltd.








Products Produced/Traded (clubbed) of Technocraft Tabla Formwork Systems Pvt. Ltd.




100.00


Unit %


Products Produced/Traded (unclubbed) of Technocraft Tabla Formwork Systems Pvt. Ltd.


Scaffolding Sales as % of total in-come

100.00

Scaffolding Unit %














Products Produced/Traded (clubbed) of Terruzzi Fercalx India Ltd.




60.97


Unit %


Products Produced/Traded (unclubbed) of Terruzzi Fercalx India Ltd.


Engineering & Service Charges Sales as % of total in-come

60.97

Engineering & Service Charges Unit %






V K S Projects Ltd.








Products Produced/Traded (clubbed) of V K S Projects Ltd.




44.00


Unit %


Products Produced/Traded (unclubbed) of V K S Projects Ltd.


Contract Revenue Sales as % of total in-come

44.00

Contract Revenue Unit %














Products Produced/Traded (clubbed) of W T I Advanced Technology Ltd.




53.13


Unit %


Products Produced/Traded (unclubbed) of W T I Advanced Technology Ltd.


Technical Services Rendered CadConversion Drawins


53.13

Technical Services Rendered CadConversion Drawins

Unit %






Wapcos Ltd.








Products Produced/Traded (clubbed) of Wapcos Ltd.




43.44


Unit %


Products Produced/Traded (unclubbed) of Wapcos Ltd.



43.44















Products Produced/Traded (clubbed) of Xtend Industrial Designers & Engineers Pvt. Ltd.




100.00


Unit %


Products Produced/Traded (unclubbed) of Xtend Industrial Designers & Engineers Pvt. Ltd.


Engg. Services Sales as % of total in-come

100.00

Engg. Services Unit %














Products Produced/Traded (clubbed) of Zipper Trading Enterprises Ltd.




59.15


Unit %


Products Produced/Traded (unclubbed) of Zipper Trading Enterprises Ltd.


Project Consultancy Sales as % of total in-come

59.15

Project Consultancy Unit %














Products Produced/Traded (clubbed) of Zodiac Ventures Ltd.




80.65


Unit %


Products Produced/Traded (unclubbed) of Zodiac Ventures Ltd.


Architect Fees Sales as % of total in-come

80.65

Architect Fees Unit %



• Companies which matched criteria for retain & were therefore re-tained in the list of comparables

• Companies which did not match criteria for retain & were thereforedropped in the list of comparables

133



Filter comparables using annual financial statements






(a) Sales >= 5.00 & Services income as % of sales >= 75.00 & Compensation to employees as% of total income >= 25.00 & Net worth >= 0.00

Execute option selected: Retain ComparablesMatched condition: YesIncluded in the list of comparables at the end of the stage: Yes

Datasheet obtained using the conditions specified: Accepted Company

Annual financial statements of Cades Studec Technologies (India) Pvt. Ltd.

Indicators Units Mar 2014

Compensation to employees as % of total income (%) 57.27

Net worth Rs. Crore 7.38

Sales Rs. Crore 15.42

Services income as % of sales (%) 101.49













Annual financial statements of I L & F S Infrastructure Devp. Corpn. Ltd.


















Annual financial statements of L & T Technology Services Ltd.


















Annual financial statements of Mahindra Consulting Engineers Ltd.


















Annual financial statements of Mahindra Engineering Services Ltd. [Merged]


















Annual financial statements of Mitcon Consultancy & Engg. Services Ltd.


















Annual financial statements of N T P C Electric Supply Co. Ltd.


















Annual financial statements of W T I Advanced Technology Ltd.
















Execute option selected: Retain ComparablesMatched condition: NoIncluded in the list of comparables at the end of the stage: No

Datasheet obtained using the conditions specified: Rejected Company

Annual financial statements of A 2 Z Infra Engg. Ltd.











Aban Energies Ltd.







Annual financial statements of Aban Energies Ltd.





Net worth Rs. Crore -1.96






Anand Projects Ltd.







Annual financial statements of Anand Projects Ltd.


















Annual financial statements of Artefact Infrastructure Ltd.


















Annual financial statements of Artefact Projects Ltd.











Assam Oil & Gas Ltd.







Annual financial statements of Assam Oil & Gas Ltd.


Sales Rs. Crore
















Annual financial statements of Autoline Design Software Ltd.


















Annual financial statements of Bengal S R E I Infrastructure Devp. Ltd.











Binary Technology Transfers Pvt. Ltd.







Annual financial statements of Binary Technology Transfers Pvt. Ltd.


Sales Rs. Crore









C E S C Projects Ltd.







Annual financial statements of C E S C Projects Ltd.


Sales Rs. Crore


Compensation to employees as % of total income (%)







Central Mine Planning & Design Institute Ltd.







Annual financial statements of Central Mine Planning & Design Institute Ltd.


















Annual financial statements of Certification Engineers Intl. Ltd.











Expo Gas Containers Ltd.







Annual financial statements of Expo Gas Containers Ltd.











Grusamar India Ltd.







Annual financial statements of Grusamar India Ltd.











H M L Engineering Co. Ltd.







Annual financial statements of H M L Engineering Co. Ltd.


Sales Rs. Crore
















Annual financial statements of H S C C (India) Ltd.











Honeywell Automation India Ltd.







Annual financial statements of Honeywell Automation India Ltd.


Sales Rs. Crore 1,737.28
















Annual financial statements of I L & F S Energy Development Co. Ltd.





Net worth Rs. Crore 1,210.74













Annual financial statements of Inox Wind Infrastructure Services Ltd.











Kratos Energy & Infrastructure Ltd.







Annual financial statements of Kratos Energy & Infrastructure Ltd.


Sales Rs. Crore

Services income as % of sales (%)


Net worth Rs. Crore













Annual financial statements of L & T - Gulf Pvt. Ltd.


















Annual financial statements of L & T Power Devp. Ltd.











L & T Power Ltd.







Annual financial statements of L & T Power Ltd.


Sales Rs. Crore









L & T Sapura Offshore Pvt. Ltd.







Annual financial statements of L & T Sapura Offshore Pvt. Ltd.


















Annual financial statements of L & T-Sargent & Lundy Ltd.


















Annual financial statements of L & T-Valdel Engg. Ltd.











M P C O N Ltd.







Annual financial statements of M P C O N Ltd.











Market City Mgmt. Pvt. Ltd.







Annual financial statements of Market City Mgmt. Pvt. Ltd.


Sales Rs. Crore
















Annual financial statements of Mercator Oil & Gas Ltd.


















Annual financial statements of Michigan Engineers Pvt. Ltd.











N D P L Infra Ltd.







Annual financial statements of N D P L Infra Ltd.


















Annual financial statements of Om Metals Infraprojects Ltd.











Orissa Sponge Iron & Steel Ltd.







Annual financial statements of Orissa Sponge Iron & Steel Ltd.


















Annual financial statements of P F C Consulting Ltd.


















Annual financial statements of Pattancheru Enviro-Tech Ltd.


















Annual financial statements of Pragati Development Consulting Services Ltd.











Rites Ltd.







Annual financial statements of Rites Ltd.


















Annual financial statements of S M N Engineers Ltd.


Sales Rs. Crore









Sadbhav Infrastructure Project Ltd.







Annual financial statements of Sadbhav Infrastructure Project Ltd.


















Annual financial statements of Saipem India Projects Pvt. Ltd.











Scan Projects Ltd.







Annual financial statements of Scan Projects Ltd.


















Annual financial statements of Shristi Urban Infrastructure Devp. Ltd.











Simon India Ltd.







Annual financial statements of Simon India Ltd.


















Annual financial statements of Star Transformers Ltd.


















Annual financial statements of Sterling & Wilson Pvt. Ltd.


















Annual financial statements of Supreme Offshore Construction & Technical Services Ltd.


















Annual financial statements of Taril Infrastructure Ltd.











Tata Projects Ltd.







Annual financial statements of Tata Projects Ltd.











Technocraft Tabla Formwork Systems Pvt. Ltd.







Annual financial statements of Technocraft Tabla Formwork Systems Pvt. Ltd.


















Annual financial statements of Terruzzi Fercalx India Ltd.











Turbotech Engineering Ltd.







Annual financial statements of Turbotech Engineering Ltd.


Sales Rs. Crore



Net worth Rs. Crore






Typhoon Holdings Ltd.







Annual financial statements of Typhoon Holdings Ltd.


Sales Rs. Crore









V K S Projects Ltd.







Annual financial statements of V K S Projects Ltd.











Wapcos Ltd.







Annual financial statements of Wapcos Ltd.


















Annual financial statements of Xtend Industrial Designers & Engineers Pvt. Ltd.


















Annual financial statements of Zipper Trading Enterprises Ltd.


















Annual financial statements of Zodiac Ventures Ltd.








• Companies which matched criteria for removal & were thereforeremoved in the list of comparables

• Companies which did not match criteria for removal & were there-fore retained in the list of comparables

199



Filter comparables using related party transactions





2. Party type selected:


Execute option selected: Remove ComparablesMatched condition: NoIncluded in the list of comparables at the end of the stage: Yes

Data not found for selected dates for I L & F S Infrastructure Devp. Corpn. Ltd.













Related party transactions of Mahindra Consulting Engineers Ltd.

Party Type / Name Transaction type Units March 2014

All excl Key Pers & Rel

All Excl Key Pers & Rel (rpt_total_income-rpt_income_frm_rent-

rpt_income_frm_dividends-

rpt_interest_income+rpt_total_expenses-rpt_rent_expenses-rpt_interest_expenses-rpt_dividend_expenses)/sales*100













Related party transactions of Mitcon Consultancy & Engg. Services Ltd.

















Data not found for selected dates for N T P C Electric Supply Co. Ltd.











Execute option selected: Remove ComparablesMatched condition: YesIncluded in the list of comparables at the end of the stage: No


Related party transactions of Cades Studec Technologies (India) Pvt. Ltd.


















Related party transactions of L & T Technology Services Ltd.


















Related party transactions of Mahindra Engineering Services Ltd. [Merged]


















Related party transactions of W T I Advanced Technology Ltd.







208


Index

A 2 Z Infra Engg. Ltd., 22, 78, 142

Aban Energies Ltd., 23, 79, 143

Anand Projects Ltd., 24, 80, 144Artefact Infrastructure Ltd., 25, 81, 145

Artefact Projects Ltd., 26, 82, 146

Assam Oil & Gas Ltd., 27, 147Autoline Design Software Ltd., 28, 83, 148

Bengal S R E I Infrastructure Devp. Ltd., 29, 84,149

Binary Technology Transfers Pvt. Ltd., 30, 150

C E S C Projects Ltd., 31, 151Cades Studec Technologies (India) Pvt. Ltd., 32,

85, 134, 204

Central Mine Planning & Design Institute Ltd.,86, 152

Certification Engineers Intl. Ltd., 33, 87, 153

Expo Gas Containers Ltd., 88, 154

Grusamar India Ltd., 34, 89, 155

H M L Engineering Co. Ltd., 35, 156

H S C C (India) Ltd., 36, 90, 157Honeywell Automation India Ltd., 91, 158

I L & F S Energy Development Co. Ltd., 37, 92,159

I L & F S Infrastructure Devp. Corpn. Ltd., 38,93, 135, 200

Inox Wind Infrastructure Services Ltd., 39, 94,160

Kratos Energy & Infrastructure Ltd., 40, 161

L & T - Gulf Pvt. Ltd., 41, 95, 162

L & T Power Devp. Ltd., 42, 96, 163L & T Power Ltd., 43, 164

L & T Sapura Offshore Pvt. Ltd., 97, 165

L & T Technology Services Ltd., 44, 98, 136, 205L & T-Sargent & Lundy Ltd., 45, 99, 166

L & T-Valdel Engg. Ltd., 46, 100, 167

M P C O N Ltd., 101, 168

Mahindra Consulting Engineers Ltd., 47, 102,137, 201

Mahindra Engineering Services Ltd. [Merged],48, 103, 138, 206

Market City Mgmt. Pvt. Ltd., 49, 169Mercator Oil & Gas Ltd., 50, 104, 170

Michigan Engineers Pvt. Ltd., 51, 105, 171Mitcon Consultancy & Engg. Services Ltd., 52,

106, 139, 202

N D P L Infra Ltd., 53, 107, 172N T P C Electric Supply Co. Ltd., 54, 108, 140,

203

Om Metals Infraprojects Ltd., 55, 109, 173Orissa Sponge Iron & Steel Ltd., 56, 174

P F C Consulting Ltd., 57, 110, 175Pattancheru Enviro-Tech Ltd., 58, 111, 176

Pragati Development Consulting Services Ltd.,59, 112, 177

Rites Ltd., 113, 178

S M N Engineers Ltd., 60, 179Sadbhav Infrastructure Project Ltd., 114, 180

Saipem India Projects Pvt. Ltd., 61, 115, 181Scan Projects Ltd., 62, 116, 182Shristi Urban Infrastructure Devp. Ltd., 63, 117,

183

Simon India Ltd., 64, 118, 184Star Transformers Ltd., 65, 119, 185Sterling & Wilson Pvt. Ltd., 66, 120, 186

Supreme Offshore Construction & Technical Ser-vices Ltd., 67, 121, 187

Taril Infrastructure Ltd., 68, 122, 188

Tata Projects Ltd., 69, 123, 189Technocraft Tabla Formwork Systems Pvt. Ltd.,

124, 190Terruzzi Fercalx India Ltd., 70, 125, 191

Turbotech Engineering Ltd., 71, 192Typhoon Holdings Ltd., 72, 193

V K S Projects Ltd., 126, 194

209

210 Alphabetical Listing of Companies

W T I Advanced Technology Ltd., 73, 127, 141,207

Wapcos Ltd., 128, 195

Xtend Industrial Designers & Engineers Pvt.Ltd., 74, 129, 196

Zipper Trading Enterprises Ltd., 75, 130, 197Zodiac Ventures Ltd., 76, 131, 198


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