Growing Up!

 

 

 

Read Me on Tolling

Read the Story on this link..

http://www.indiantollways.com/category/sachin-sharma/

 

 

New Angel in my Life-Aakshita!

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Coal India IPO

Last 6 months I have been working on acquisition of some coal assets so coal suddenly became an area of my interest. This black metal is termed a gold these days and have become one of the important natural resource.

Thought of updating on the Coal India IPO which is likely to be the biggest Indian IPO when it opens on the 18th of October this year. The IPO is expected to fetch the government $3 billion, by divesting about 10% of it’s stake in this Navratna. The big numbers are not surprising given that Coal India is the biggest coal producer in the world with a production of 431.26 million tons in 2010. Coal India also holds the highest coal reserves in the world, and produced 81.9% of total coal production in India. They had revenues of Rs. 525,922.92 million in 2010, with a profit after tax of Rs. 98,294.09 million in 2010. The Networth was Rs. 258,437.73 million, cash and bank balances of Rs. 390,777.60 million, and total debt of Rs. 20,868.51 million, and had 397,158 employees.

With numbers such as these, it is easy to see why CARE assigned a grade of 5 out of 5 to the Coal India IPO. Point worth repeating is that IPO grades don’t take pricing into account, and only consider the fundamental strength of the company.

Coal India operates 471 mines in 21 major coal fields across 8 states in India. They produce non coking coal, and coking coal, but the majority of raw coal production is non coking coal with 91.6%. Despite the big numbers, Coal India continues to expand with 45 projects lined up as of March 2010. Of these – 22 projects are capacity expansion projects and 23 are new mine projects.

The company sells to power generation, steel and cement companies among other industrial companies. NTPC was their biggest customer, and the top 5 customers are all public sector power utilities. The company prices it’s high grade quality coal 15% below the landed cost of comparative imported coal in India.

Financials of Coal India IPO

The company has grown its revenues consistently over the last few years, and they were Rs. 525,922.92 million for 2009 – 10, Rs. 460,640.65 million for 2008-09, and Rs. 386,166.97 million for 2007-08.

The profit after tax was Rs. 96,224.47 million for 2010, Rs. 20,786.92 million for 2008-09, and Rs. 52,432.72 million for 2007-08.

The dip in profits in between is due to an increased expense on employee remuneration. The employee remuneration charge was Rs. 166,555.22 million in 2010, Rs. 197,420.85 million in 2009, and Rs. 126, 351.59 million in 2008.

This increase was due to the provision for retroactive increase in remuneration. What this means is that they had a salary increase for executive, non executive employees, and in the amount of gratuity as well, and this amount was increased retrospectively due to which the company had to create provisions for increased remuneration in 2008, 2009 and 2010, with 2009 being the biggest number at Rs. 41,157.80 million for salaries and wages, and Rs. 39,997.01 million for increased liability towards gratuity.

The total workforce size reduced from 2007 to 2010, but the productivity as measured by output per manshift increased from 2.54 tons in 2007 to 4.47 tons in 2010.

Coal India had an EPS of Rs. 15.56 in 2010, Rs. 6.43 in 2009, and Rs. 6.78 in 2008. The Return on Net Worth (RONW) was 38.03% for 2010, 21.37% for 2009 and 24.91% for 2008.

Coal India IPO Grading Rationale

It’s not often that an IPO gets graded 5 out of 5, but it’s not very hard to see why Coal India got graded that based on their near monopolistic position, and their huge size. Here are some points from the ICRA grading report about the Coal India IPO.

§ Coal India is the largest coal company in the world with access to vast reserves.

§ Highly favorable demand supply situation in the domestic coal industry.

§ Coal India’s near monopolistic position in this industry.

§ Continuous labor productivity due to the use of technology, and high share of production from open cast mines.

§ Deregulated coal pricing regime gives them the power to price their coal along with other factors like favorable demand – supply, and cost competitiveness.

Coal India IPO Price and Dates

The price for this IPO hasn’t been fixed yet, and I will update this section once it is done. The IPO will most likely open on the 18th October, and close on the 21st October.

These were some of the more interesting things I found in the prospectus that Coal India has filed for its IPO, and this is no way is a comprehensive review, but I hope you will find this useful in deciding how well Coal India fits in your portfolio. I will update this post with more information as and when I find it.

 

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Wailing Wall- Crying Wall, the wall of tears

Wailing wall in Jerusalem.
Anyone who writes a wish on a piece of paper and puts this inside these wall, then his wish become True.
I also did some wishes!!!!
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Sea Level

This is the Sea Level near the Dead Sea in Israel.

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Israel

Rising High in Darkness
400 Years Old Clock Tower
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Jaffa

An evening at Jaffa, old city near Tel Aviv.
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VIEW from Hotel

Today in Tel Aviv. View from the Club. Lounge from Hotel David Intercontinental!

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Temples on the Hill Top

These are unique temples on the Hill Tops near to my house in Shimla. They represent the faith of the people in their rich culture & tradition.

400 Years Old Temple in Bedi (Gujarat)

I was on site visit with my team to shortlist a location for Port for my Company. Came through this interesting place which has a very old history and a temple which  is more than 400 Years Old.

Aakshaj growing up....

 

Inspired by a Gorgeous Lady

Gorgeous A

Oh gorgeous A your smile so bright
My heart does sing with pure delight
My soul does dance to a beat so true
All of these things because of you

Oh gorgeous A your eyes so clear
My head you empty of any fear
My mind you fill with a pure warm thought
All of these things in me you’ve taught

Oh gorgeous A your lips so sweet
My whole self yearns for when we meet
My body shouts your name out loud
I see your face in every crowd

Oh gorgeous A your skin so smooth
I long to you myself to prove
You’re a dream, an angel from on high
I’m truly humbled by your reply

Oh gorgeous A from where you came
A beautiful lady, these words so lame
A language that I’ve yet to find
To get the thoughts out from in my mind

Oh gorgeous A our time I treasure
Being with you is such a pleasure
Seeing you smile fills me with joy
An orchestra inside this simple boy

Oh gorgeous A, not just your looks
A recipe so rare inside me cooks
Your thoughts, mind, principles too
Oh how I give myself for you

Oh gorgeous A, oh gorgeous A
You get more gorgeous every day
More gorgeous yet it can’t be so
Oh but it is, you really glow

Oh gorgeous A I use inspire
To describe in me this wonderful fire
Inspired in deed in actions too
I’m truly inspired because of you

 

 

MBA- Class of YEAR 2001

Great fun to great classmates, Great time to Great Faculties...from admission to Impulse.. From site visit to study tours, from summer training to Convocation in last, I enjoyed every moment in IMC, International Management Centre, New Delhi.
Memorable two years!
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View

View from JW Marriott Jakarta!

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FACT

The most used alphabet 'A' doesn't appear in spelling of 1 to 999,it appears for the 1st time in 1000 & continues forever!


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Visit to Australia

I was in Australia as a member of business delegation to Perth, Melbourne and Brisbane for a weeks time. From Brisbane i took a charter aircraft to land at small airstrip in mid of the coal belt in Blackwaters. I went to see one of the Coal Mines of our Partners.

Blackwater is known as the Coal Capital of Queensland and the newly built, nine million dollar Blackwater International Coal Centre showcases the Central Highlands Coal Industry for the world. Located on the Capricorn Highway, Blackwater also boasts a fine Japanese Garden, reputed to be the best of its kind in Queensland, that marks the relationship between Blackwater and its sister city Fujisawa, Japan. The coal mines each year around Blackwater produce millions of tonnes of coking and steaming coal. The coking coal is exported to Japan, Italy, the United Kingdom, Holland, France, Spain, Greece, Chile and many other countries, while the steaming coal produced is used for power generation within Queensland.

The Lions Park is well known for one of the largest displays of flags in the world, each flag being representative of one of the 37 nationalities who laboured together in their efforts to establish the district's coal industry.


Just 55 kilometres east from the township of Blackwater you will find the spectacular Blackdown Tableland National Park. Offering you spectacular views and hundreds of plants and wildlife species, some of which are only found in the park. You can enjoy the picnic areas, fireplaces, lookouts, camping area and scenic walking tracks that feature throughout the park.

Football

My Son also have turned Football crazy these days..world cup Fever!

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Thoda in BISHU Fair in Shimla

After many Years I got a chance to visit local annual fair of BISHU at my village. This is a traditional folk fair held every year near the temple of the local village GOD. Local martial at Thoda is played for two days in respect of the God. The game of Thoda is organised in a very interesting way. A handful of village folk come to another village, and would challenge them in this fair for fight. Youths would shout, and throw challenges to them for a fight. This would spark the preparations for an encounter and the Thoda being with the bang of Music and Dance.

Thoda is the impressive martial art form of Himachal Pradesh, relies on one's archery prowess, dating back to the days of the Mahabharata, when bows and arrows were used in the epic battles, between the Pandavas and the Kauravas, residing in the picturesque valleys of Kulu and Manali. Thus, this martial art has its origin in Kulu. Thoda, the name is derived, from the round piece of wood fixed to the head of the arrow, which is used to blunt its wounding potential.

The equipment required for this game are bows and arrows. Wooden bows measuring 1.5m to 2m, to suit the height of the archer and wooden arrows in proportion to the length of the bow, are prepared by skilled and traditional artisans. The competition is a mixture of martial arts, culture and sport.

Each group consists of roughly 500 people, but most of them are just dancers, who come along to boost the morale of their team. The archers are divided into parties, just before the competition takes place. One team is called Saathi, and the other Pashi. It is believed that Pashis and Saathis, are descendants of the Pandavas and Kauravas. The target in this game is the region of the leg, below the knee, where the opponent should aim his arrow.

The moment the two contesting groups reach the village fairground, both the parties dance on either side of the ground, waving their swords, aglitter in the sun, and sing and dance to the stirring martial music. The Pashi group forms a 'chakravyuh', and blocks the Saathi group, who in turn begin to penetrate their defences. After the initial resistance, the Saathis reach the centre of the ground. Both the opponents face each other at a distance of about 10 metres, and prepare to attack. The defenders start shaking, kicking their legs to and fro with brisk movements, to thwart the accurate aim of their adversaries.

Lightning movements and agility are the sole methods of defence. The whole competition is conducted to the lively, virile rhythm of war dance, with one side furiously side-stepping, legs kicking in all directions, and other side doing its best to place an arrow on the target. There are minus points for a strike on the wrong parts of the leg.

At present, the game is played in a marked court, which ensures that a certain degree of discipline is maintained in Thoda - a happy blend of culture and sport. This game is popular in Theog Division (Shimla district), Narkanda block, Chopal Division, district Sirmaur and Solan.

In Indonesia........

One week -long visit to Indonesia. We went to scout some coal mines for the Power Plants. I visited Central Kalimantan and is dominated by the Dayaks, the indigenous inhabitants of Borneo. Central Kalimantan is the 3rd largest Indonesian province by area with a size of 153,800 km2, about 1.5 times the size of the island of Java. It is bordered by West and East Kalimantan provinces to the north, by the Java Sea to the south, by South and East Kalimantan provinces to the east, and by West Kalimantan province to west. The Schwaner Mountains stretch from the north-east of the province to the south-west, 80% of which is covered in dense forest, peatland swamps, mangroves, rivers, and traditional agriculture land. Highland areas in the north-east are remote and not easily accessible. Non-volcanic mounts are scattered in this area including Kengkabang, Samiajang, Liang Pahang and Ulu Gedang.

The centre of the province is covered with tropical forest, which produces rattan, resin and valuable timber such as Ulin and Meranti. The southern lowlands are dominated by peatland swamps that intersect with many rivers. Sabangau National Park is a protected peatland area internationally acknowledged as sanctuary for the endangered Orangutan. Recently the peat swamp forests have been damaged by the Mega Rice Project, which unsuccessfully sought to turn large areas into rice paddies.

It wasa great trip from exploring rain forests to taking speed boat on River Barito and to travelling on the log roads with mud in the forest.

Sports Day at my Son's School

Great Experience, Good fun, Chief Guest was heavywait lifter Kanjum, theme was Commonwealth Games 2010. Aakshaj with his first Medal of his Life!

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Folk Dance of Himachal Pradesh

You would get lost in these dance forms and find yourself in new world.KULLU NATI It is the most popular and famous dance of Kullu performed at festivals and fairs. The procession is always accompanied by dance and music. The dancers attire themselves in the traditional dress. The music accompaniment is given by Narsingha, Karnal, Shehnai, Dhol and Nagara. THODA The dance reminds us of the ancient days when men, before going to battle, performed some rituals by dancing. Thoda is a dance of archery. The dancers handle the bow and arrows in such a swift and skillful manner that it gives the illusion of a real battle. DANDRAS It is the male dance of the Gaddis-the shepherds of Bharmaur in Chamba district. The dance, initially, used to be performed with small sticks. The dance is usually performed at Jatras - the dance is usually performed at Jatras-the fairs and may last for long hours. GHUREHI The dance is performed exclusively by the women of Chamba on the occasion of the Jatras. SHIVA BADAR NATI The folk dance is from the upper hills of the Mandi region. Men and women perform it together in the fairs and festivals. LAHAULI DANCE The Lahauli Dance seems to have more affinity with the Ladakhi dances than with the Himachali ones. The dance is performed on Surna and Damman, the most essential music instruments of Ladakh. But the songs and ceremonial movements in the dance are specially Lahauli. The dance is performed with simple, majestic steps and at times the dancers inter-lock their hands and move in a circular-pattern. They are fond of using ornaments made of beads and stones. They also put on a long gown embroidered at the borders and a matching jacket over it. LOSAR SHONA CHUKSAM It is the dance of Kinnauri people who have dance and music in their veins. The dance takes the name from Losar meaning New Year. This is held in Chaitra-Vaishakha. The musical instruments played with Kinnauri dances - the big Dhol, Bugjal-the bronze cymbals Karnal-the long wind pipe, and the Ransingha. CHHANAK CHHAM (LAHUL SPITI - H.P.) The lama of Lahul Spiti region of Himachal Pradesh perform this devotional dance related to their well known Chakhar Festival which comes after every three years to pay tribute to Mahatama Budha. JHAMAKADA (H.P.) Jhamakada is a group dance performed in Kangra. This dance is exclusively performed by women. The dance is accompanied by a variety of percussion instruments and lyrical songs. GUGGA The dance of the lower and plain areas of Himachal Pradesh, the Gugga is performed to worship Gugga Jauhar Pir, believed to be protector of snake and animal life. The dancers carry a big flag and Chhattar-ceremonial big umbrella-to the Gugga's place. OTHER DANCES Nati in Himachal is most popular form of dance. Nati, infact, is a dance of a particular area, having its specific rhythm and beat. Depending on these two distinguishing features, we have a rich variety of Natis. Nati is identified after the name of its area like Kullu Nati, Kinnauri Nati, Sirmouri Nati, Gaddi Nati, Shimla Nati. All of them have their own distinctiveness seen in rich costumes and ornaments worn by the dancers and in accompanying songs and instrumental music.

"Faith"

A Blessing God has relinquished upon me
Having you in my life feels like
I could have been given more

Your presence strengthens my faith
In the providence of the Gracious one
The austere beauty that reflects in your eyes
Endows me with the pleasure of
The panorama of life teeming in the spring fields.

Each word that leaves your lips
Unleashes your clairvoyance
Altruism is omnipresent in
Each of our gestures and demeanors.
The suave deportment agitates my mind cherishtic persona

Knowing you sub down consent
To the conformity of dreams coming true
Yes in the big world somebody with opulent heart and pristine thoughts, does exist.

Dowm the memory lannes...

Today I spent day with my grandmother walking down in hill slopes. The difference was that in these feilds once upon a time during my childhood she used to hold my hand and take me around, today I was holding her hand to climp up these foothills.
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Hauz Khas

I can nver forget the time I spend with friends when we used to visit the Hauz Khas village and roam around the this place in sunshine. Hauz Khas was a tank and serai built during Alauddin Khalji's time (early 14th c.), which Firoz Shah improved upon, and was also where he built a madrasa and his own tomb. The tomb is not very interesting (to me - though the interiors are quite nice), but the madrasa buildings are beautiful examples of Tughlaq architecture.Another of Delhi's urban villages grew around the madrasa buildings, though the madrasa itself is walled off and maintained by the ASI. However, much of Hauz Khas village has been taken up by wealthy owners and tenants and converted to hip (or at least once-hip) boutique stores and restaurants. As is evident from these photographs, the lack of propriety when it comes to maintaining a respectable distance from these ancient structures runs vertically through Delhi's social strata.

Lagos, Nigeria Visit

I was in Lagos, Nigeria for couple of days. I got an opportunity to speak in India-Africa Business Forum and conference conducted by ECOWAS-Africa and CII/FICCI-India. Lagos in local language means Port. It is one of the urban cities of Nigeria and is currently the 2nd most populous city in AfricaLagos is the former capital of Nigeria and now this is city is the economic and financial capital of Nigeria.

Nigeria is a Oil & Gas rich country, passion for films and footfall. The Vision 2020 is a grand agenda for Infrastructure firmed up by Govt. Federal government has 13-year plan of dramatic socio-economic transformation of the country. The goal of the vision is to transform the Nigerian economy to be in the league of the 20 most industrialized countries of the world. Nigeria Needs $100b Investment in Four Infrastructure Areas i.e power ($18-20 billion), rail tracks, ($8-17 billion), roads ($14 billion) and oil and gas ($60 billion). These infrastructure and related investments are critical to achieving 13 per cent annual growth rate of GDP set by the government and to make Nigeria one of the 20 largest economies in the world by 2020.

The Hope I had (Poem from one of my Lost Buddy)

The hope I had


It came like a fragrant zephyr,
Hauling me from the profound grief.
Invoking in me the ardor to live life,
To dream again & leave behind the gone by.
Of all things I loved the most
…the hope I had…the hope I lost!

Filling my days with complacence,
Adorning my nights with delirium.
As if the Divinity played a game,
Giving me moments of bliss and then,
The hardest truth I ever fought
…the hope I had…the hope I lost!

Hypnotizing my imagination,
Defeating my will, leaving me distraught,
The angelic rapture I was lost in was just a fancy
I realised when the deepest of my fears metamorphosed.
Stranding me again where I stood at nought,
…the hope I had…the hope I lost!

Visit to Moscow, Russia

I was on 6 day business trip in Moscow. Temperature was minus 20 degree, freezing cold, roads jammed and lot of snow but life was still moving on. Moscow pronounced in Russian as Москва is the capital and the largest city of Russia. It is also the largest metropolitan area in Europe and ranks among the largest urban areas in the world. Moscow is a major political, economic, cultural, religious, financial, educational, and transportation centre of Russia and the world, a global city. It is also the seventh largest city proper in the world, a megacity. It is located by the Moskva River in the Central Federal District, in the European part of Russia. Great City, good place to do business, culturally rich, Great Night life.