MIRA
INFORM REPORT
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Report Date : |
13.09.2007 |
IDENTIFICATION DETAILS
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Name : |
AIRPORTS AUTHORITY OF |
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Registered Office : |
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Country : |
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Date of Incorporation : |
01.04.1995 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
DELA07348F DELA00223G |
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Legal Form : |
Subject is an Organization |
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Line of Business : |
Airport Authorities |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
-- |
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Status : |
Good |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
As the subject is a Government of India department, lenders and creditors can feel confident of its exposure. Trade relations are fair. Payments are usually correct and as per commitments. Subject can be considered for your proposed business dealings of against D/A or D/P terms. |
LOCATIONS
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Registered Office : |
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Tel. No.: |
91-11-24693160 / 24632950 |
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Fax No.: |
91-11-24632990 / 24629567 / 24697211 / 24693963 |
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E-Mail : |
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Website : |
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Corporate Office : |
Airports
Authority of |
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Tel. No.: |
91- 11- 24632950 |
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Branches : |
·
East Block – VII, Level –II, sector – 1, R. K.
Puram, Tel No. – 91-11-26711384 Residence No- 91-11-27425446 Fax No. 91-11-26711348 Contact To Mr. Sandeep Goel Email – frrodelhi@hotmail.com ·
3rd Floor, Tel No. 91-22-22621169 Fax No. 91-22-22620721 Email – dcpsb2.frro@indiatimes.com Contact to Mr. Deven Bharti ·
Shastri Bhavan, 26m, Tel No. 91-44-28240338 Contact to Mr. Amaresh Pujari ·
237, Tel. No. 91-33-22470549 Contact to Mr. P.K. Chattopadhyay ·
123-D, Tel. No. 91-183-2508250 Contact to Mr. Kulwant Kumar |
DIRECTORS
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Name : |
Mr. Satish Kumar Narula |
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Designation : |
Chairman |
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Address : |
75B, Pkt E,
Gangotri Enclave, Alaknanda, |
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Name : |
Mr. V D V Prasad Rao |
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Designation : |
Member (finance) |
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Address : |
L-26, Sarita
Vihar, |
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Name : |
Mr. K Ramalingam |
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Designation : |
Chairman |
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Address : |
B-65, Hill View
Apartments, Vasant Vihar, |
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Name : |
Mr. Satendra Singh |
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Designation : |
Director General
of Civil |
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Address : |
B-7, Multi
–Storeyed Flats Baba Kharak Singh Marg |
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Name : |
Mr. V Subramanian |
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Designation : |
Additional
Secretary & Financial Advisor Ministry of Civil Aviation Rajiv Gandhi
Bhavan, |
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Address : |
Block 12, Flat
'E’ |
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Name : |
Mr. Sunil Arora |
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Designation : |
Chairman &
Managing Director of Indian Airlines Limited |
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Address : |
D-I/B-45, Moti
Bagh –I, |
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Name : |
Dr. Nasim Zaidi |
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Designation : |
Joint Secretary
Ministry of Civil Aviation |
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Address : |
B-13, Nivedita
Kunj, R. K. Puram Sector – 10, |
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Name : |
Mr. A.K. Mishra |
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Designation : |
Member (Planning
and Engineering) |
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Address : |
401Abhinav
Apartment, B-12, Vasundhara Enclave, |
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Tel No. : |
91-11-24652075
(Office), 22622074 (Residence ) |
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Email : |
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Name : |
Mr. P K Mishra |
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Designation : |
Additional
Secretary and Financial Adviser Ministry of Civil Aviation |
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Name : |
Mr. T. K. Mitra |
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Designation : |
Commissioner of
Civil Security (Civil Aviation), Bureau of Civil Aviation Security |
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MANAGEMENT
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Name : |
Mr. P. Seth |
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Designation : |
Member (Operation) |
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Date of Birth/Age : |
27th August, 1950 |
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Qualification : |
B.Sc. Elect.
Engineering (Electronics), P.G. Diploma in Public Administration |
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Experience : |
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Name : |
Mr. H. S. Bains |
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Designation : |
Member (P and A) |
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Name : |
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Designation : |
Member (Finance) |
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Date of Birth/Age : |
20thJuly,
1952. |
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Qualification : |
B.Com (Hons.) |
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Experience : |
Experience of
working in various PSUs including transport and hospitality sectors. He has undertaken
various overseas assignments connected with trainings in Finance Management
as well as Performance Based Budgeting. He has widely traveled abroad for
official meetings/discussions as also attended specialized training
programmes pertaining to MoU, Foreign Exchange, Risk Management, Tax Planning
and Management Information Systems. |
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Name : |
Mr. V.P. Agrawal |
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Designation : |
Member (Planning) |
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Date of Birth/Age : |
02.06.1955 |
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Qualification : |
Bachelor of Engineering(Elect.)
– 1976, Master of Engineering - 1978 |
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Experience : |
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Name : |
Mr. K. Gohain |
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Designation : |
Director General of Civil Aviation |
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Name : |
Mr. Raghu Menon, IAS |
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Designation : |
Additional Secretary and Financial Advisor, Ministry of Civil Aviation |
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Name : |
Mr. K.N. Shrivastava, IAS |
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Designation : |
Joint Secretary, Ministry of Civil Aviation |
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Name : |
Mr. S.R. Mehra, IPS |
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Designation : |
Commissioner of Security, (Civil Aviation), BCAS |
BUSINESS DETAILS
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Line of Business : |
Airport Authority |
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GENERAL INFORMATION
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Bankers : |
State Bank of |
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Banking
Relations : |
Good |
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LOCAL AGENCY FURTHER INFORMATION
AS PER WEBSITE
The Airports Authority of India (AAI) was formed on 1st
April 1995 by merging the International Airports Authority of India and the
National Airports Authority with a view to accelerate the integrated
development, expansion and modernization of the operational, terminal and cargo
facilities at the airports in the country conforming to international
standards.
AAI manages 11 International Airports, 89 Domestic Airports and 26 Civil
Enclaves. AAI controls and manages the entire Indian Airspace (excluding
the special user airspace) extending beyond the territorial limits of the
country, as accepted by international Civil Aviation Organisation.
AAI Today
AAI manages 126 airports, which include 11 international airports, 89 domestic
airports and 26 civil enclaves at Defence airfields. AAI also provides Air
Traffic Management Services over entire Indian Air Space and adjoining oceanic
areas with ground installations at all airports and 25 other locations to
ensure safety of aircraft operations.
The airports at Ahmedabad,
AAI's proposal to lease out, on global tender basis, the
four most profitable jewels in its crown viz.
All major air-routes over Indian landmass are Radar covered
(24 Radar installations at 11 locations) alongwith VOR/DVOR coverage (72
installations) co-located with Distance Measuring Equipment (71 installations),
39 runways provided with ILS installations with Night Landing Facilities at 36
airprots and Automatic Message Switching System at 15 airports.
AAI's successful implementation of Automatic Dependence
Surveillance system, using indigenous technology, at
AAI's endeavour in enhanced focus on 'customer's
expectations' has evinced enthusiastic response to independent agency organised
customer satisfaction surveys at 30 busy airports. These surveys have enabled
us to undertake improvements on aspects recommended by the airport users. The
receptacles for our 'Business reply letters' at airports have gained popularity,
these responses enable us to understand the changing aspirations of airport
users. During the first year of the millennium, AAI endeavours to make its
operations more transparent and the availability of instantaneous information
to customers by deploying state-of-art Information Technology.
The specific training focus on improving employee response
and professional skill upgradation has been manifested. AAI's four training
establishments viz.
AIRPORTS
AUTHORITY OF
Airports
Authority of India (AAI) was constituted by an Act of Parliament and came into
being on 1st April, 1995 by merging erstwhile National Airports Authority and
International Airports Authority of India. The merger brought into existence a
single Organization entrusted with the responsibility of creating, upgrading,
maintaining and managing Civil Aviation infrastructure both on the ground and
air space in the country. Despite many tragic occurrences like 9/11, Afghan
war,
AAI
has set for itself ambitious targets for upgrading the infrastructure during
the 10th Five - Year Plan and is working steadily to achieve these targets. AAI
manages 126 airports, which include 11 international airports, 89 domestic
airports and 26 civil enclaves at Defence airfields. AAI provides air navigation
services over 2.8 million square nautical miles of airspace. During the year
2002-03, AAI at various airports handled about 5 lakhs aircraft movements (4
lakhs domestic and 1 lakh international);40 million passengers (26 million
domestic and 14 million international) and 9 lakh tones of cargo (3 lakh
domestic and 6 lakh international).
1. PASSENGER
FACILITIES :
Improvement
of passenger facilities is a continuous process. AAI has to cater to very
demanding customers who in the wake of globalization have the exposure to the
best of facilities are available at other international airports in the world
over and the airlines operators who by virtue of their nature of operation are
exposed to the best of facilities and services available at other international
airports.
AAI has been continuously striving to meet these challenges.
Customer satisfaction surveys conducted periodically by outside agencies has
been a vital source of feedback on the deficiencies of the system as also the
expectations of the traveling public. It has been our endeavour in AAI to
address these issues on priority.
2. AIR NAVIGATION SERVICES :
In tune with global approach to
modernization of Air Navigation infrastructure for seamless navigation across
state and regional boundaries, AAI has been going ahead with its plans for
transition to satellite based Communication, Navigation, Surveillance and Air
Traffic Management. A number of co-operation agreements and Memoranda of
Co-operation have been signed with US Federal Aviation Administration, US Trade
and Development Agency, European Union, Air Services Australia and the French
Government, co-operative projects and studies initiated to gain from their
experience. Through these activities more and more executives of AAI are being
exposed to the latest technology, modern practices and procedures being adopted
to improve the overall performance of Airports and Air Navigation Services.
Induction of latest
state-of-the-art equipment, both as replacement of old equipments and also as
new facilities to improve standards of safety at airports and in the air is a
continuous process. Adoption of new and improved procedure go hand in hand with
induction of new equipment. Some of the major initiatives in this direction are
introduction of Reduced Vertical Separation Minima (RVSM) in Indian airspace to
increase airspace capacity and reduce congestion in the air and implementation
of GPS and Geo Augmented Navigation GAGAN jointly with ISRO which when
operationalised would be one of the four such systems in the world.
3. SECURITY :
The continuing security
environment has brought into focus the need for strengthening security of vital
installations. There was thus an need to revamp the security at airports not only
to thwart any misadventure but also to restore confidence of the traveling
public in the security of air travel as a whole, which was shaken after the
9/11 tragedy. With this in view, a number of steps were taken including
induction of CISF for airport security, CCTV surveillance system at sensitive
airports, latest and state-of-the-art X-Ray baggage inspection systems.
Perimeter security and surveillance systems, smart cards for access control to
vital installations at airports are also being considered for introduction to
supplement efforts of security personnel at sensitive airports.
4. AERODROME FACILITIES :
In Airports Authority of India,
the basic approach to planning of airport facilities has been to create
capacity ahead of demand. In our efforts towards implementation of this
strategy, a number of projects for extension and strengthening of runway, taxi
track and aprons at different airports has been taken up. Extension of runway
to 7500 feet to support operation of Airbus-320 / Boeing 737-800 category of
aircrafts at all airports where jet aircrafts currently operate has been taken
up. Among the major projects currently in progress/completed during the last
year include new terminal buildings at Bhuj, Kangra and Pathankot, Ahmedabad,
Porbandar constructions of canopies, extension of terminal buildings at
Bangalore, Calicut, Ahmedabad extension and strengthening of runway at
Agartala, Varanasi and Jaipur.
5. HRD-TRAINING
:
A large pool of trained and highly
skilled manpower is one of the major assets of Airports Authority of India.
Development and technological advancements and consequent refinement of
operating standards and procedures, new standards of safety and security and
improvements in management techniques call for continuing training to update
the knowledge and skill of officers and staff. AAI has a number of training
establishments, viz. NIAMAR in
6. IT IMPLEMENTATION :
Information Technology holds the key to operational and
managerial efficiency transparency and employee productivity. AAI initiated a
programme to inculcate IT culture among its employees and this most powerful
tool to enhance efficiency in the Organization. AAI website with domain name www.airportsindia.org.in
or www.aai.aero is a
popular website giving a host of information about the organization besides
domestic and international flight schedules and such other information of
interest to the public in general and the passengers in particular.
Functions of AAI
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Control and management of the Indian airspace extending beyond the
territorial limits of the country, as accepted by ICAO
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Design, Development, Operation and Maintenance of International
and
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Construction, Modification and Management of Passenger Terminals
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Development and Management of Cargo Terminals at International and
Domestic airports.
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Provision of Passenger Facilities and Information System at the
Passenger Terminals at airports.
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Expansion and strengthening of operation area viz. Runways,
Aprons, Taxiway, etc.
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Provision of visual aids.
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Provision of Communication and Navigational aids viz. ILS, DVOR,
DME, Radar, etc.
Consultancy Services
Consultancy Division undertakes consultancy assignments like
feasibility studies, airport design project implementation & project
supervision, manpower training, Airport Management & operation on turnkey
basis, providing manpower for airport operation including air traffic services,
Ground Nav./Surveillane facilities etc. The AAI has undertaken consultancy
projects in
The AAI has its own
Flight Calibration Unit for calibration of ground aids as per the ICAO
stipulations. Over the years the Flight Calibration Unit of the Airports
Authority has undertaken flight calibration jobs in
The Airports Authority of India has not only undertaken
projects abroad but has also provided trained experts for manning air traffic
control, operation and maintenance of Radar and Nav. Aids to Afganistan, Iraq,
Libya, Maldives, Nauru, Nepal, Nigeria, Zambia etc.
A number of Indian aviation experts are even today engaged by ICAO Technical
Co-operation Programmes and other consultancy assignments to various ICAO
participating nations
Airport Planning
Planning has been an integral part of the AAI.
Almost all departmental processes at our airports have been undertaken in house
be it airport feasibility studies, design of passenger terminals, cargo
terminals, aircraft hangars, aircraft parking stand with fuel hydrant systems,
runway and taxiway lighting, approach lighting systems, air-conditioning
arrangements, passenger information systems, baggage handling systems, car
parking facilities etc.
38 airport Architects, working in close coordination
with Civil and Electrical and HVAC Engineers, airport operation experts, air
traffic controllers etc constitute the airport planning division. Airport
master planning including land use plans; environmental aspects etc. constitute
an integral part of airport planning division. Airport master planning
including land use plans, environmental aspects etc. constitute an integral
part of airport planning processes.
The Airport Planning Department of the AAI
utilizes in house Computer Aided Design (CAD) concepts.
Corporate Planning and Management Services
The corporate planning and management services
department is primarily engaged in compilation of data/information on aircraft
movements, international and domestic passengers and cargo transiting through
our airports, organizing user satisfaction surveys, conducting normative
surveys to evaluate passenger and cargo processing time and area required for
designated terminal capacities to streamline systems for optimum infrastructure
utilization, scanning developments in civil aviation sector the world over to
keep abreast with the trends in airport ground infrastructure utilization and
management techniques.
The department consists of statisticians and
airport management executive, with field representatives at major airports for
on site compilation of correct information. Interaction with airline operators,
ministry of commerce, ministry of industry and international bodies associated
with civil aviation, other airport operating agencies etc. is maintained by the
department to keep abreast with the fast changing developments in the civil
aviation infrastructure industry.
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No records exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist organization
or whom notice had been received that all financial transactions involving
their assets have been blocked or convicted, found guilty or against whom a
judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or with
designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction registered
against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling shareholders,
director, officer or employee of the company is a government official or a
family member or close business associate of a Government official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on Corporate
Governance to identify management and governance. These factors often have been
predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.40.44 |
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1 |
Rs.82.01 |
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Euro |
1 |
Rs.56.20 |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit transaction.
It has above average (strong) capability for payment of interest and
principal sums |
Large |
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56-70 |
A |
Financial & operational base are regarded healthy. General unfavourable
factors will not cause fatal effect. Satisfactory capability for payment of
interest and principal sums |
Fairly Large |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
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11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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