Application for Limit(Afl on Kapco)
HAMDARD UNIVERSITY
HAMDARD INSTITUTE OF MANAGEMENT SCIENCES
CITY CAMPUS I
Submitted By:
NAME Syed Sadequain Akber Naqvi Syed Talha Azim Uddin Muhammad Umair Wajid GR NO. 272025 MEN-2201142 MEN-2200967
Submitted To: SIR. Syed Sharique Farid Course: Corporate Finance
TABLE OF CONTENTS
CHAPTER - 1 1.1 Executive Summary 1.2 Market 1.3 Key Risk Issues 1.4 Company/Group Specific 1.5 Industry Specific Risks 1.6 Reason for Recommendation 1.7 Sources for repayment of facility 1.8 Fact Sheet CHAPTER -2 2.1 Economic Analysis 2.1.1 Growth and Stabilization 2.1.2 Fiscal Development 2.1.3 Money and Credit 2.1.4 Capital Markets 2.1.5 Inflation 2.1.6 Trade and Payments 2.1.7 Public Debt 2.2 Industry Analysis 7 8 8 9 9 9 9 10 10 10 10 10 11 11 11 12 2.2.1 Energy 2.2.2 Alternative Sources of Energy 2.2.3 Imapact Of Floods On The Energy Sector 2.2.4 Electricity Generation Mix 2.2.5 Reforms Of Present Government To Address The Energy Crises 2.2.5 a. Oil Sector Reforms 2.2.5 b. Gas Sector Reforms 2.2.5 c. Coal Sector Reforms 2.2.5 d. Power Sector Reforms 2.2.6 Power Sector Subsidy 2.2.7 Resolution of Circular Debt 2.2.7 a. Stock Issue 2.2.7 b. Flow Issue 2.2.8 Supply Side Management 2.2.9 Demand Side Management 2.3 Company Analysis 4 4 4 5 5 5 6 6 Page # 1 2 2 2 2 3 3 3
CHAPTER - 3 3.1 Introduction 3.1.1 Activities 3.1.2 Shareholding Pattern 3.1.4 Compansy vision & Mission Statement 3.1.5 Plant Capacity 3.2 Market & Competitors 3.3 Buyers 3.3 a. Water and Power Development Authority 3.3 b. Power Purchase Agreement ("PPA") 3.4 Resources / Suppliers 3.4 a. Oil Supply Agreement (“OSA”) 3.4 b. Gas Supply Agreement (“GSA”) 3.4 c. Note Agreement 3.5 Stable Earnings 3.6 Borrowings 3.6 a. Loan from Related Party - Unsecured 3.6 b. Loan from Banks - Secured CHAPTER - 4 4.1 Risk Factors 4.1.1 Regular Servicing of Receivables 4.1.2 Revision in Tariff 4.1.3 Operational Risk 4.1.4 Variability in WAPDA’s Requirements 4.1.5 Shortage of Fuel 4.1.6 Capital Market Risk 4.1.7
HAMDARD INSTITUTE OF MANAGEMENT SCIENCES
CITY CAMPUS I
Submitted By:
NAME Syed Sadequain Akber Naqvi Syed Talha Azim Uddin Muhammad Umair Wajid GR NO. 272025 MEN-2201142 MEN-2200967
Submitted To: SIR. Syed Sharique Farid Course: Corporate Finance
TABLE OF CONTENTS
CHAPTER - 1 1.1 Executive Summary 1.2 Market 1.3 Key Risk Issues 1.4 Company/Group Specific 1.5 Industry Specific Risks 1.6 Reason for Recommendation 1.7 Sources for repayment of facility 1.8 Fact Sheet CHAPTER -2 2.1 Economic Analysis 2.1.1 Growth and Stabilization 2.1.2 Fiscal Development 2.1.3 Money and Credit 2.1.4 Capital Markets 2.1.5 Inflation 2.1.6 Trade and Payments 2.1.7 Public Debt 2.2 Industry Analysis 7 8 8 9 9 9 9 10 10 10 10 10 11 11 11 12 2.2.1 Energy 2.2.2 Alternative Sources of Energy 2.2.3 Imapact Of Floods On The Energy Sector 2.2.4 Electricity Generation Mix 2.2.5 Reforms Of Present Government To Address The Energy Crises 2.2.5 a. Oil Sector Reforms 2.2.5 b. Gas Sector Reforms 2.2.5 c. Coal Sector Reforms 2.2.5 d. Power Sector Reforms 2.2.6 Power Sector Subsidy 2.2.7 Resolution of Circular Debt 2.2.7 a. Stock Issue 2.2.7 b. Flow Issue 2.2.8 Supply Side Management 2.2.9 Demand Side Management 2.3 Company Analysis 4 4 4 5 5 5 6 6 Page # 1 2 2 2 2 3 3 3
CHAPTER - 3 3.1 Introduction 3.1.1 Activities 3.1.2 Shareholding Pattern 3.1.4 Compansy vision & Mission Statement 3.1.5 Plant Capacity 3.2 Market & Competitors 3.3 Buyers 3.3 a. Water and Power Development Authority 3.3 b. Power Purchase Agreement ("PPA") 3.4 Resources / Suppliers 3.4 a. Oil Supply Agreement (“OSA”) 3.4 b. Gas Supply Agreement (“GSA”) 3.4 c. Note Agreement 3.5 Stable Earnings 3.6 Borrowings 3.6 a. Loan from Related Party - Unsecured 3.6 b. Loan from Banks - Secured CHAPTER - 4 4.1 Risk Factors 4.1.1 Regular Servicing of Receivables 4.1.2 Revision in Tariff 4.1.3 Operational Risk 4.1.4 Variability in WAPDA’s Requirements 4.1.5 Shortage of Fuel 4.1.6 Capital Market Risk 4.1.7