INFORMATION TEASER

ICOMM TELE LIMITED

DECEMBER 2018

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BUSINESS OVERVIEW

Business Snapshot

Incorporated in the year 1989, ICOMM Tele Limited (ICOMM) is primarily engaged in executing Engineering, procurement and

construction (EPC) contracts for power transmission towers, power distribution and telecom towers / equipment.

Along with EPC services divisions, the company has works locations at Hyderabad, Andhra Pradesh.

The Company has one of the largest manufacturing plants for power transmission towers with production capacity of

250,000 MTPA at Nagaram, Hyderabad (galvanizing capacity is 108,000 MTPA). In Cherlapally, Hyderabad, it manufactures

communication and technology products such as defence communication, military radios, radars, telecom wireless &

wireless equipment.

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Promoters21.55%

Investors & Institutional Shareholders

21.85%

Financial Institution

56.28%

Others 0.32%

% SHAREHOLDING

BUSINESS OVERVIEW

Directors

Pradeep Shankar

Non-Executive Chairman

& Independent Director

Sumanth Paturu

Managing Director

Percy Homi Italia

Independent Director

Nivedita Rani

Yalamanchili

Non Executive Director

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Note

Board of Directors is suspended due to

commencement of insolvency proceedings

Financial InstitutionsInvestors & Institutional

Shareholders

Axis Bank Ltd

Syndicate Bank

State Bank of India

UCO Bank

Lakshmi Vilas Bank Ltd

ICICI Bank Ltd

Allahabad Bank

Andhra Bank

Central Bank of India

Corporation Bank

State Bank of Hyderabad

Bank of Maharashtra

Bank of Baroda

IL&FS Financial Services Limited

Kotak Mahindra Trusteeship Services Limited

Tano Mauritius India FVCI

L&T Infrastructure Finance Co. Ltd.

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ICOMM : BUSINESS PROFILE

Power

• Products & Solutions include transmission lines up to 765KV, manufacturingof towers and conductors, supply & construction of substations (Air InsulatedSubstation), distribution, switchyards and upgrades/retrofits to existingsubstations.

Telecom

• Products & Solutions include Telecom EPC, provision of telecom equipmenton turnkey basis, range of optical & radio transmission equipment and othertelecom equipment.

Defence

• Product & Solutions include design, development, prototyping, andmanufacturing of tactical communication equipment

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ICOMM : POWER BUSINESS

EPC Transmissions & Towers

ICOMM Power Transmission is having capabilities to design, test, manufacture & supply and construct on a turn-key basis transmission lines upto 765kV and has built over 2,100 ckm of 400/765 kV transmission lines on a turnkey basis.

ICOMM has one of the largest Tower Manufacturing facilities having capacity of 250,000 MTs per annum (galvanizing - 108,000 MTPA) backed by Conductors, Steel rolling mill & fastener manufacturing facilities.

A well planned plant facilities spread ~75 acre support the receiving of raw materials streamlining the production lines, stacking of finished products, packing & containerized stuffing operations within the factory premises.

It has an exclusive EPC solutions business unit that extends services ranging from soil and topography surveys, to planning & design, execution of transmission lines & Project Management and Support.

Substations

ICOMM is a key player in turnkey EPC in Substations up to 400 kV & Powering rural electrification in India.

ICOMM also has a well enabled EPC team with vast exposure in Substations and rural electrification to undertake all activities of a given project right from beginning to entire completion of Substation & electrification of a village/city.

Conductors

ICOMM has in-house manufacturing facility to manufacture various conductors including 765 kV capacity.

ICOMM is facilitated with 3 nos of 13 draw wire drawing with microprocessor based controls, maintaining 100% circularity in wires and dancer control wire tension and dual take up

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ICOMM : TELECOM BUSINESS

ICOMM offers a complete range of products & solutions on Wimax, Optical

transmission, Radio Transmission & Turnkey services from Telecom Network

Planning, Design, supply and installation for GSM, CDMA, 3G and Broadband

Networks.

Capabilities

In-house Design and Engineering

Manufacturing Facilities for Wireline, Wireless Equipment and Passive

Infrastructure like Towers, Shelters

Planning, Site Survey to entire completion of BTS sites on a turn-key basis for

GSM, CDMA, 3G and Broadband Networks

Shelter Manufacturing Facility

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ICOMM : DEFENCE BUSINESS

ICOMM has streamlined its business on the basis of its core competencies in the field of Radio technologies.

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ICOMM has the facility to Design, Develop,

Manufacture & Supply:

Secure Wireless Communication Systems

EW Sub-systems

RADAR

Turnkey and Networking Solutions

Antennae

Mobile / Stationary Shelters

Telescopic Masts

Major Products Developed include

Point to Multi Point ECCM Radios, Band III & IV

Point to Point ECCM Radios, 8Mbps, Band IV

Backbone Radios, 8/34 Mbps, Band IV

Short Range Communication Systems

EW Search/ Monitoring Receivers

Location Finding Systems based on TDOA

Jammer Power Amplifiers

Subsystems (Exciters, DIFM etc.) for EW application

Fields exchange for Tactical Applications

MIL WiMAX / FWS

Inter Operability Device

Voice Command and Control Systems

Antennae for EW, Communication and Surveillance

RADAR

MIL Shelters & Masts

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FINANCIAL OVERVIEWYear Ending Mar-18 Mar-17 Mar-16 Sep-15 Mar-14 Mar-13 Mar-12

Period (In Months) 12 12 6 18 12 12 18

Net Sales 281.20 476.31 317.25 494.68 401.48 380.00 1154.03

Other Income 70.66 17.18 7.40 55.41 39.50 11.21 17.36

Total Income 351.86 493.49 324.66 550.08 440.98 391.21 1171.39

Total Expenditure 375.96 446.07 280.08 608.34 429.01 459.14 1084.79

EBITDA -24.10 47.43 44.58 -58.25 11.97 -67.93 86.60

Depreciation 6.23 6.38 3.45 17.48 8.99 9.71 15.88

EBIT -30.33 41.05 41.14 -75.74 2.98 -77.64 70.72

Interest 148.22 141.93 65.52 176.95 104.24 94.84 172.72

PBT -178.55 -100.88 -24.39 -252.68 -83.60 -172.49 -102.00

Tax - 0.48 - -1.14 0.99 -0.40 -31.51

PAT -178.55 -101.36 -24.39 -251.54 -84.58 -172.08 -70.49

All Figures in INR Crores

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-60.00%

-40.00%

-20.00%

0.00%

20.00%

Mar-18 Mar-17 Mar-16 Sep-15 Mar-14 Mar-13 Mar-12

0.00

500.00

1,000.00

1,500.00

Year Ending

INR in C

rore

s

Financial Highlights

Net Sales EBITDA Margin PAT Margin

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FINANCIAL OVERVIEW

Segment wise - Revenue (Figures in INR Cr. Unless otherwise specified)*

SegmentOct'15 - Mar’16 (6 months) April'16 - Mar’17 (12 months) April'17 - Mar’18 (12 months)

Amount % Amount % Amount %

Power - Transmission 292.81 92.29% 429.90 90.26% 169.20 60.17%

Distribution - Others 8.27 2.61% 27.04 5.68% 87.61 31.16%

Defence 15.98 5.04% 17.39 3.65% 23.79 8.46%

Others 0.20 0.06% 1.98 0.42% 0.60 0.21%

Total 317.25 100.00% 476.31 100.00% 281.20 100.00%

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*Source: Annual Report of

Corporate Debtor

0.00%

10.00%

20.00%

30.00%

40.00%

50.00%

60.00%

70.00%

80.00%

90.00%

100.00%

Power - Transmission Distribution - Others Defence Others

% Revenue

Oct'15 - Mar'16 April'16 - Mar'17 April'17 - Mar'18

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KEY INVESTMENT RATIONALE

International Presence & Strong

Customer Base

Presence in Defence Sector

Defence sector has high entry barrier

due to initial product testing phase

which requires around 2-3 years for

approval by defence ministry. ICOMM

is approved and registered vendor

across all Defence Communication

Product requirements from Ministry

of Defence.

Facilities

Company has Tower manufacturing facility

with annual production capacity of 250,000

MT. (galvanizing capacity is 108,000 MTPA)

Design and manufacturing/ fabrication

capabilities for various products like:

Towers Manufacturing & Galvanizing Unit

- Power Transmission Towers up to

765kV, Broadcasting, Windmill & Military

and Telecom Towers.

Shelter Fabrication Unit – Defence,

Power & Telecom.

Telecom Wireless & Wire-line

Manufacturing Unit and Technology

Centre

Conductors (AAAC & ACSR)

Executed in various countries like

Libya, Philippines, Dubai, Sri lanka,

Nepal and Nigeria

Customer base include the best

brands in India, telecom operators

like Airtel, TATA, Reliance,

Vodafone, IDEA, BSNL etc. and all

electricity boards, NTPC and PGCIL

(Power grid) and equipment vendors

like Nortel, Nokia, Alcatel, Ericsson,

Hawaii etc.

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*As per Company information

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STATE OF THE ART FACILITIES

Power T&D Facility-Nagaram, Hyderabad Defence Unit- Cherlapally, Hyderabad

Conductors Unit-Hyderabad Shelters Manufacturing Unit-

Hyderabad

Telecom Manufacturing & EPC

Telecom- Cherlapally, Hyderabad

Corporate Office- Banjara Hills, Hyderabad

Tower Manufacturing Unit-Hyderabad

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AWARDS/CERTIFICATES

Awards/

Certificates

C-DoT Award as the largest manufacturer of

MARR Radios for the year 1992

Recipient of the ElcinaAward : R&D

Achievement for the year 1994

Reached the No. 1 position as Private

Telecom Manufacturer in the country during

1995

Procured the prestigious ISO 9001 Certification during

1997

Ranked No. 5 in the top ten private

Infrastructure Telecom companies in the

country during the year 2000

Ranked No. 8 among the top network integrators in the

country and received prestigious ISO 14001 certification during

2001

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FINANCIAL CLAIMSDetails of Financial Claims (in INR Crore)

S.

NoBank Name

Claim amount

Admitted

Claim amount for

voting sharePercentage*

1 Axis Bank 414.51 264.57 18.19

2 Syndicate Bank 249.50 229.03 15.74

3 State Bank of India 275.29 204.29 14.04

4 UCO Bank 192.81 146.98 10.10

5 Lakshmi Vilas Bank Ltd 142.64 111.63 7.67

6 PTC India Financial Services Limited 90.63 90.63 6.23

7 ICICI Bank Ltd 151.93 82.07 5.64

8 Allahabad Bank 95.15 74.56 5.13

9 Andhra Bank 56.54 56.54 3.89

10 L&T Infrastructure Finance Co. Ltd. 46.91 46.91 3.22

11 Central Bank of India 51.23 46.15 3.17

12 Corporation Bank 45.58 34.61 2.38

13 Bank of Maharashtra 68.25 33.92 2.33

14 Bank of Baroda 25.57 21.16 1.45

15 Canbank Factors Ltd 11.65 11.65 0.80

16 Dena Bank 16.52 - -

17 IDBI Bank Ltd 22.23 - -

Total 1,956.94 1454.70 100%

Source: The aforesaid claims are admitted by IRP, subject to verification

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*Claim amount for voting shares has been derived by IRP after excluding un-invoked non fund based limits. This

amount may undergo change subject to legal opinion sought by RP in this regards.

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Bengaluru

Floor 6, No. 5, Prestige Khoday Tower

Raj Bhavan Road

Bengaluru 560001, INDIA

Tel: +91 80 6815 0000

Chennai – Office 1

No. 443 & 445, Floor 5, Main Building

Guna Complex, Mount Road, Teynampet

Chennai 600018, INDIA

Tel: +91 44 6131 0200

Mumbai - Office 2

Floor 2, Enterprise Centre

Nehru Road, Near Domestic Airport

Vile Parle (E), Mumbai 400099, INDIA

Tel: +91 22 3358 9700

Goa

215, Kamat Towers

9, EDC Complex, Patto

Panaji, Goa 403001, INDIA

Tel: +91 832 664 4842

Kolkata

Floor 4, Duckback House

41, Shakespeare Sarani

Kolkata 700017, INDIA

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Chennai – Office 2

Floor 1, Tower C, Tek Meadows

No. 51, Sholinganallur

Chennai 600119, INDIA

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New Delhi - Gurugram

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Golf Course Road

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Kochi

Floor 8, Centre A

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Hyderabad

Manbhum Jade Towers, II Floor

6-3-1090/A/12 & 13

Somajiguda, Hyderabad 500082, INDIA

Tel: +91 40 3024 2999

THANK YOU

Contact Persons

Bhrugesh Amin – Resolution Professional

+91 9970092697

rpicomm@bdo.in

Kiran Chonkar, Partner and Head – Resolution Advisory

Mobile: +91 9819354726

kiranchonkar@bdo.in

Sapna Rao, Director

Mobile: +91 9833740400

sapnarao@bdo.in

Sahil Dedhia, Manager

Mobile: +91 9820892819

sahildedhia@bdo.in