MIRA INFORM REPORT

 

 

 

Report Date :

27.06.2008

 

IDENTIFICATION DETAILS

 

Name :

JAWAHARLAL NEHRU PORT TRUST

 

 

Administrative Office :

Nhava Sheva, Taluka Uran, Navi Mumbai - 400707, Maharashtra, India

 

 

Country :

India

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

PNEJ05125B

 

 

PAN No.:

[Permanent Account No.]

AAALJ0036D

 

 

Legal Form :

Government Owned Enterprise

 

 

Line of Business :

Providing Marine and Shipping Services

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Good

 

 

Payment Behaviour :

Usually correct

 

 

Litigation :

Clear

 

 

Comments :

Subject is an established Port owned by Government of India.

 

Available information indicates high financial responsibility of the Port.

 

Trade relations are fair.

 

Payments are usually correct discounting procedural delay by any Government Organisation.

 

However subject can be considered good for any normal business dealings at usual trade terms and conditions.

 

 

LOCATIONS

 

Administrative Office :

Nhava Sheva, Taluka Uran, Navi Mumbai - 400707, Maharashtra, India

Tel. No.:

91-22-27244196

Fax No.:

91-22-27244020

Website :

http://jnport.gov.in/

 

 

LOCAL AGENCY FURTHER INFORMATION

 

 

HISTORY

 

Jawaharlal Nehru Port (also known as Nhava Sheva) is a port in Maharashtra, India that borders the Arabian Sea. The sea port is named after the first Prime Minister of India, Jawaharlal Nehru.

 

The port is run by the Jawaharlal Nehru Port Trust, an organisation entrusted with the operations of the large shipping port in Navi Mumbai, India and controlled by the Central Government of India. The port lies on the mainland, opposite the city of Mumbai across the Thane Creek. The port was created to augment the shipping capacity in Mumbai and provide an alternative to merchants wanting to save octroi charges imposed by the Brihanmumbai Municipal Corporation. JNPT also has daily ferry service to Gateway of India. The Central Industrial Security Force is the designated security agency for the port.

 

It is well connected to major highways and rail networks in India. The closest suburban railheads are CBD Belapur and Panvel. The port handles 65% of India's container traffic has a berthing period of 37 hours which is considered to be very long.

 

Jawaharlal Nehru Port encompasses an area of 10 km² but access roads are poor with only a muddy two lane entry road. New terminal access points and connecting roads are proposed but have not yet been constructed.

 

The Jawaharlal Nehru Port Trust (JNPT), an autonomous body under the Major Port Trusts Act, 1963, was commissioned on 26th May, 1989. The port was originally planned to decongest the Mumbai port and serve as a hub port for container handling for the region. JNPT became the first Indian port to handle more than 1 million TEUs (twenty foot equivalent unit, the measure used for container traffic) in 2000-01. In view of the increasing containerised trade, a third container terminal was tendered in October 2002 and awarded in August 2004 to Gateway Terminals of India Private Limited (GTIPL). GTIPL has begun the construction and operations are expected to begin by early 2006. As stated by the Department of Shipping, “The increased volume of container traffic has put a lot of strain on the existing (landside) infrastructure, leading to the problem of frequent congestion in the port.” The author was approached by the Ministry of Commerce for a diagnostic study of JNPT. The study was carried out during February to April 2005. As part of the study, it was decided to keep in perspective three scenarios of traffic: (i) upto 2.5 million TEUs, ie the current levels, (ii) upto 4 million TEUs, ie from mid 2006 as GTIPL becomes operational and (iii) beyond 4 million TEUs, when the fourth box terminal is made operational. This paper presents the analysis and recommendations of the study.

 

JNPT plans Terminal 4

 

India’s Jawaharlal Nehru Port (JNP), the country’s busiest container port, plans to invite bids for the construction and operation of its fourth container terminal within the next few months, according to Manisha Jadhav, chief spokesperson for the JNP Trust.

 

JNP, which is located just outside Mumbai, already has two operational container terminals, one run by the JNPT and the other by P&O Ports. A third terminal, to be operated by Gateway Terminals India (GTI), a joint venture between APM Terminals and Container Corporation of India (Concor), is under construction.

 

Related items

 

 

Jawaharlal Nehru Port Terminal (JNPT),

 

JNPT the largest transhipment terminal in the country, will be developed as a hub port in the next three years under former Prime Minister A B Vajpayee's Sagarmala dream project.

 

The port will be developed with private sector participation with the emphasis on improving infrastructure facilities, deepening of approach channels which would enable a faster turnaround for vessels docking at the port, according to Ravi Buddhiraja, chairman, JNPT.

 

The Sagarmala Project aims to create a port-studded coastline for India , focusing on developing all major and minor ports in the region, with an outlay of around Rs 1000000 Millions

 

JNPT is also planning to invest around Rs 6000 Millions to develop deeper navigation facilities, of which between 10 to 12 per cent will be used for annual maintenance. The approach channel will be deepened to 13.5 metres, which will enable the port to handle fourth and fifth generation container ships, Buddhiraja said.

 

The channel depth of the port is currently 10.9 metres, with a quayside draft of 13.5 metres, as a result of which it can handle only third generation container ships. "If the port has the capability to handle fourth and fifth generation mother vessels, Indian exporters and importers will not have to tranship their consignment through other countries," says Kishore G Apte, deputy chairman, JNPT.

 

The projections are based on a feasibility study conducted by Japanese International Cooperation Agency (JICA), he said, adding that the development would reduce transshipments at neighbouring ports like Colombo , Singapore and Dubai .

 

A reduction in freight rates from the country is also likely, if the port is transferred into a hub port.

 

Construction of an additional railway track, apart from the single track, which would link the port to the Indian Railways, upgrading approach roads from the national highways and to Navi Mumbai by doubling the current width are also on the anvil, he said.

 

The shipping minister Shatrughan Sinha, who inaugurated a hawkers' zone at JNPT said that a proposal for the development of JNPT as a hub port would be submitted to the Cabinet for approval. The development of the hub port would help in increasing forex flows into the country, he added.

 

JNPT had received financial support of Rs 9560 Millions from the Government of India, World Bank and other port trusts, of which the port has refunded Rs 4682.800 Millions.

 

The port has achieved a combined throughput of 2,174,000 TEUs with Nava Seva International Container Terminal (NSICT) in 2003, up by a notable 17.5 per cent from the 1,850,345 TEUs handled in 2002. The increase in container traffic has resulted in an increase in operating income by 18.53 percent over the previous year.

 

Mission

 

 

Container Terminal

 

 

 

Shallow Draught Berth

 

A 445 Long Shallow Draught Berth for vessels upto 180 meters LOA and upto 9.00 meters draught has been commissioned for handling Feeder Container Vessels, Dry Bulk ( Fertiliser , Fertiliser raw material, Sugar etc. ) & General Cargo vessels with a capacity addition of about 1.2 million tonnes per annum.

 

ICD

 

Road Connectivity: Phase – I

 

 

Rail Connectivity: Phase I

Doubling of existing Rail track from Port to Panvel is completed by Railways with estimated cost of Rs.600 millions.

 

Tughlakabad (Delhi)

New Delhi

Jodhpur                   

Kakinada

Moradabad   

Sabarmati(Ahmedabad)

Belanganj(Agra)  

Vadodara

Kanpur

New Mulund (Mumbai)

Dhandari Kalan (Ludhiana) 

Amingaon

Jaipur     

Dronagiri Node

Whitefield (Bangalore) 

Chinchwad (Pune)

Coimbatore    

Amingaon (Guwahati)

Tondiarpet(Chennai)    

Shalimar(Kolkata)

Madurai           

Balasore

Sanathnagar (Hyderabad)     

Jamshedpur

Guntur Chirala             

Nagpur

Anarpati    

Daulatabad (Aurangabad)

Cochin

Bhusawal

Malanpur (Gwalior)      

Pithampur

Vizag  

Kandla

Jodhpur    

Moradabad (U.P.)

Paradip      

Tuticorin

 

Container Freight Stations

 

More than 40% of up-country cargo is being transported to Container Freight Stations (CFSs) for carting; is containerized at CFS and transported to JNPT for loading on the vessels at JNPCT,  NSICT and GTI.  The various CFSs including the details of CFSs around JN Port are as follows: 

 

Sr.No.

 

CFS

 

Total Area in Sq. Mtrs.

Estimated Capacity(TEUs)

1

JNP-CWC

215,000

60,000

2

CWC Kalamboli

90,000

48,000

3

CWC-D’Node

195,000

90,000

4

MAERSK

70,000

90,000

5

CONWARE

107,700

72,000

6

GATEWAY DISTRIPARK

150,000

180,000

7

CONCOR DRT

62,000

72,000

8

BALMER LAWRIE

90,000

75,000

9

CWC Distripark

125,000

60,000

10

Sea Bird Marine Service

25,000

50,000

11

Trans India

70,000

40,000

12

ULA

20,000

25,000

13

Maharashtra State Ware Housing Corporation

29,010

36,000

14

M/s. CONTINENTAL WAREHOUSING CORPORATION (NHAVA SEVA) LIMITED

35 acres

10 to 12 thousand teu per month with 3 covered Warehouses

 

Future coming CFS

 

1

Ameya- CFS

1,13,000

48,000

2

JWC Logistic Park(ICD)

34,000

55,000

3

Priti Logistic (ICD)

40,000

15,000

4

SOL Logistic CFS

4,68,406

1,15,000

5

Forbes -Gokak- CFS

50,000

40,000

6

CWC CFS Logistic Park

3,00,818

72,000

7

Maersk CFS -D node

56,050

60,000

8

M/s Thakur CFS

1,11,289

1,39,500

9

M/s PNP Maritime- CFS

11,000

82,000

 

All the above CFS Operators facilitate stuffing and destuffing for quick turn around of containers to catch the vessels and reduce the inventory cost for the shipping lines.

 

BPCL

 

Liquid Cargo Jetty:

 

A license on BOT basis was awarded to M/s. Bharat Petroleum Corporation Limited and M/s. Indian Oil Corporation Limited in August 1999 for construction of a twin-berth liquid cargo jetty. The twin-berth liquid cargo jetty is functional from March 2002.

 

 

Contact Details


BHARAT PETROLEUM CORPORATION LIMITED
LIQUID CARGO JETTY,
Bunkering Installation, JNPT, Sheva , Navi Mumbai- 400707.
Telephone : 2724 2488, 2724 0835
Fax : 2724 0834

 

NSICT

 

Private Container terminal (NSICT):

 

 

In view of continuous growth in container traffic and meet growing demand of business community and trade partners to have additional facilities for handling the same, the Port took initiative for the first time in India to introduce the private participation and invite global tenders for developing new Container Terminal to augment container handling capacity of JN Port. JN Port entered into a license agreement in July 1997 with M/s. Nhava Sheva International Container Terminal (NSICT) a consortium led by M/s. P & O Ports, Australia, for construction, operation and management of a new 2 berth container terminal on BOT basis for period of 30 years. The same was fully operational from July 2000. The project comprises construction of 600 Mtrs. quay length; reclamation of 20 hectors of area for container yards and requisite container handling equipment along with other related facilities. The design capacity of this new 2-berth container Terminal was considered as 7.2 Million Tonnes per year. However, this capacity is further augmented and currently assessed as 15.6 million tonnes per year.

 

 

Contact Details

 

Nhava Sheva International Container Terminal Private Limited


Operation Center,Sheva, Navi Mumbai - 400707 ,INDIA.

Telephone : 91 22 5590 1234

Facsimile : 91 22 5590 2415

Website : http://www.nsict.co.in

 

 

Gateway Terminals India Private Limited

 

 

Gateway Terminals India (GTI) is a joint venture between APM Terminals and the Container Corporation of India Limited (CONCOR). Incorporated in July 2004. GTI operates the third container terminal at Jawaharlal Nehru Port on a build, operate and transfer (BOT) basis for a period of 30 years. It commenced partial operations in March 2006 and handled about 3,920 TEUs, contributing to JNP's total throughput of 2005-06

 

 

 

THE TERMINAL WILL HAVE THE FOLLOWING EQUIPMENT:

 

Rail-Mounted Quay Cranes

8 nos. (post-Panamax, 18 wide reach)

Rubber-Tyred Gantry Cranes

29 (for yard operations)

Rail-Mounted Gantry Cranes

3 (for rail transfers)

Reach Stackers

4

Empty Handlers

4

Tractor-Trailers

86

Fork Lifts (small)

4

Twin Lift Spreaders

61 mt rated load

 

 

Marine Services

 

Night Navigation: 

Since February 1998, JNPT has launched night sailing of long Panamax Container Vessels upto 270 M LOA and 12 M draft on a regular basis which are largest vessels to transact the Mumbai Harbour at night.

 

Vessel Traffic Management System:

Regular co-ordination of vessel movement is being carried out through collection, verification, organisation and dissemination of information through this system.

 

Anti Pollution measures:

The pollution control cell carries out regular regular inspection and control checks on all vessels entering the port.

 

Flotilla: 

Pilot Launches : 4 Nos

Tugs: 5 Nos. (3 Nos. 30 Ton Bollard Pull and 2 Nos 45 Tons Bollard Pull)

Mooring Launches : 2 Nos.

VIP Launches : 2 Nos

 

SLUDGE OIL RECEPTION FACILITY

AS PER REGULATION 12 , ANNEX-I OF MARPOL 73/78 AS ON 24/05/2008

 

 

Sr No

 

Name of the party

 

 

Validity

1

M/s Anna Petrochem Private  Limited 

Off 636, J S S Road, Dhobi Talao,

Mumbai-400002 

Mobile No  9820004558

14th June 2008

2

M/s Meher Petro Chem  Private  Limited

203/5, Gr Flr , Tarvotti Bhavan, P D’Mello Road,

Opp  St  George Hospital, Fort, Mumbai-400001

Tel  Fax 2265 9685, 93248 03100, 93224 00245

e mail meherpetrochem@vsnl.net

04th Jan  2009

3

M/s Paswara Chemicals Limited

Paswara House,

Baghpat Road,

Meerut(U P )-250 002

Tel 93246 63688 / 98335 67626

18th June 2008

4

M/s Sai Om Petro Specialities Limited

SubhasNagar,Village Road, Opp  Kilburn Engg  Limited ,

Bhandup(W), Mumbai - 400078

Tel-2566 6687/4238, 93247 88930 Fax-2566 9908

e-mail sopsl@vsnl.net

22nd Sept 2008

5

M/s Jai Ambe Thinchem

Plot No  C-1/B 2010, IV Phase,

GIDC, Vapi-396195

98333 58217/98338 31808

20th Oct  2008

6

M/s Hind Petrochem & Refinery

403-404, Dev Krupa Society, 28, Raichur Street,

Dana Bunder, Mumbai- 400009

98333 58217

17th July 2008

7

M/s Shiva Petro synth Specialties

13/21, Mapla House, Mohammed Shakoor Mar

1st Floor, Room No  15 ,

Mumbai-400001

99670 91786/98330 82678

05th Oct  2008

8

M/s Jai Ambe Industries

11, Uma Ind  Estate, Opp  Bhagwati Ice Factory,

Vasna-iyava Village, Tal  Sanand

Dist  Ahmedabad  Gujarat                                                                                Tel -98985 50302/ 02717-284479

04th July 2008

9

M/s Daya Lubricants Private  Limited

202-203, Sai Commercial Centre,504,Linking Road,

Khar, Mumbai – 400 050.

Tel  2648 1564/2648 3046 , 98202 42865

Fax 2648 3815 e-mail shaktee.oil@axcess.net.in

26th Sept  2008

10

M/s Taxoil Lubricants Private  Limited

2-25/27, Piru Lane,

Matiwala Building Nr 

J J Hospital, Mumbai-400009

Mob - 98704 37449 / 98190 00569

04th Nov  2008

11

M/s  Parshvanath Petrochem Private  Limited

41, Sandhu Place, Pali hill Road,

Bandra (West), Mumbai 400052 

Contact No  9820131824 /9323198686

18th Oct  2008

12

M/s Gulmohar Hydrocarbon Private  Limited 

311,Ratnamani Complex,7/1, New Palasia,

Indore-452001 Tel  731-3257942,09819876533

31st July 2008

13

M/s RHJ Petrochem Private Limited

202-203 Sai Commercial Center, 504, Linking Road,

Khar, Mumbai-400052

Mob – 98333 58217 / 98191 96067

24th May 2008

14

M/s Fine Refiners Private  Limited

Plot No 40, G I D C Vartej,

Dist  Bhavnagar, Gujarat- 364060

Mob – 098252 06159

18th Nov 2008

15

M/s Continental Petroleums

A-2, Opp  Udyog Bhawan,

Tilak Marg, C-Scheme,

Jaipur-302005

Tel No 0141-222 2232, 5111 641

28th Feb 2009

16

M/s Radiant Lubes (P) Limited

G-1, Ravi Palace, Talmale Estate,

Trimurti Nagar, Nagpur – 440022 

Mob - 9822460057

25th June 2008

17

M/s North East Lubrica Private  Limited

Survey No 404, Abitghar,

Tal  Wada, Dist  Thane-421303

13th June 2008

 

 

 

 

Garbage Reception Facility as per Regulation 7 (1) Reception facilities , Annex V of MARPOL 73/78

 

 

M/s Avdhut Majoor Sahakari Sanstha Limited

At Dhutam, Post. Jasai,

Tal. Uran, Dist. Raigad.

Contact No.922438211,9224394482,27241150

03rd April 20

 

 Record Performance

 

The Port set following all time duirng the calendar year 2006-2007

 

The container traffic handled during the year 2006-07 was 3.30 million TEUs against 2.67 million TEUs handled during the last year 2005-06. Thus growth in container traffic was 23.69% and overall growth in total traffic was 18.45%.

Out of total 3.30 million TEUs of containers traffic handled at JN Port during the year, the container traffic handled at JN Port Container Terminal (JNPCT) was 1.31 million TEUs, at Nhava Sheva International Container Terminal (NSICT) was 1.36 million TEUs and Gateway Terminals India  Container Terminal (GTICT) was 0.63 million TEUs.

On the dispatch side, the average dwell time for import containers destined for CFSs was 0.93 day during the year 2006-07 against 1.56 days during the year 2005-06. This is against free period of 3 days provided by the Port under Scale of Rates. The average dwell time period for ICD containers was 4.17 days during the year 2006-07 against free period of 15 days provided under the Scale of Rates.

The operating income of the Port during the financial year 2006-07 was Rs 7802.500 Millions (provisional) against Rs 6703.200 Millions during the last financial year. The operating surplus stood at Rs 4821.200 Millions (provisional) against Rs 3999.900 Millions during the last financial year.

During the function, 12 port customers and associated agencies were commended by the Chairman for their outstanding performance/contribution during the financial year 2006 -07 in the following fields –

 

EDI

 

IMPORT CYCLE

EXPORT CYCLE

IGM

Rotation

Grant of Entry Inward

Grant of Entry Outwards

Request for cancellation of IGM

Grant of Port Clearance

Confirmation of vessel arrival

Vessel Sailing Report

Landing/Tally Report

 

Excess landed Cargo

 

Gate Pass (Line No.)

 

Cargo Movement Approval

 

Location

 

 

Future Plans

 

Extension of Container Berth and other facilities at JN Port.

 

In view of expected growth in container traffic, faster turnaround time, accommodating larger size container vessels, optimum utilization of feasible water front area and avoiding difficulties in container stacking, Port is planning to extend Container berth by 330 m and other facilities with extension of guide bund by about 160 m at an orientation of 10 clockwise with respect to the alignment of existing guide bund.  The area of about 27 hectares is required to be reclaimed for container stacking and the development of other facilities.  This also includes construction of Finger Jetty of about 50 m length.  The estimated cost of the project is Rs 6000 Millions (revised)  and it is likely to be in operation by 2010.  It is assumed capacity addition of about 7.2 million tones (ie 0.6 million TEUs) per annum.

 

The Port has carried out model studies through CWPRS to explore the feasibility to extend the container berths along with reclamation at the North.  The Port has also approached MOEF in November 2004 for obtaining environmental clearance for the project.  The port appointed M/s Axis (UTI) Bank as an advisor for Techno Economical Feasibility Study. Various options are  studied by the Consultant.  The final report on Techno Economical Feasibility Study  is  submitted to the Board meeting held on 15th March 07. The board  has approved to take up the project on PPP basis. The matter was  submitted to the Ministry for In Principle approval  and the port received the In Principle approval vide Ministry's letter    Dt. 26th September , 2007. RFQ documents are invited  and submission is on 25th August 2008.

 

Development of Fourth Container and Marine Chemical Terminal

 

It is envisaged from various studies that the port would be required to handle the Container traffic to be tune of 8.00  million TEUs in the year 2015-16.  In order to handle the traffic after re-development of Bulk Terminal into Container Terminal, further terminal facility will be required.  In view of this, Port is planning to develop fourth container terminal as an extension of existing BPCL Jetty, on BOT basis.  The salient features of the project are as under:

 

Description

Estimated cost

 

 

Estimated capacity (Phase-I)

Container = 30 Million tonnes Per annum (MTPA)

Estimated Capacity  (Phase-II)

Container = 30  Million tonnes Per annum (MTPA) 

(a)Development of 4th Terminal   Phase –I and Replicating BPCL jetty.

(b)Development of  Container Terminal Phase-II

 

4001.00   (revised)

 

 

 

2600.00     (revised)

 

 

 

Port has called expression of Interest (EOI) . 41 parties responded for the EOI, scrutiny of the same in in progress. M/s UTI Bank is appointed as Financial Advisor , structuring of the project is in progress by M/s Axis Bank (earlier known as m/s UTI Bank) . Draft final report is submitted by the advisor , the same is under scrutiny. The  project structuring is  completed and the proposal was submitted to the Board of Trustees in its meeting held on 20th  October   2007,   The board has approved to develop the 4th Terminal on BOT basis. Draft RFQ  is prepared, after approval of the Board the same has been  submitted to the Ministry on 20th May , 2008.

 

Deepening and widening of main harbour channel and JN Port channel

 

At present, large size vessels having drought of 12.5 mtrs navigate through Mumbai Harbour Channel and JNP Channel, making use of tidal window.  Availability of sufficient draught in the port is very necessary for optimum utilization of capacity and faster turn around of larger vessels.  With increasing trend towards larger size container vessels, draught would become an important factor in the choice of port by shipping lines which are thinking of deploying larger size vessels to achieve economies of scale.  In order to accommodate larger size container vessels Port has decided to deepen and widen existing Main harbour channel and JN Port approach channel for accommodating; 14 Mtr draught vessels (6000 TEUs) by using tidal window.  The salient features are as under:

 

Sr No

Description

Details of proposed channel

01

Channel can be dredged for

Accommodating container vessel of capacity 6000 TEUs and upto 14 Mtr draught by making use of Tidal window

02

Maintained depth at the Channel entrance

13.9 m below CD

03

Maintained depth at JNP channel

12.8 m below CD

04

Width of channel

370 m for straight reach.  450 m at bends and in front of JNP berths

05

Length

33.55 km

06

Estimated Cost of the project

Rs 8000 Millions

07

Likely completion

27 month

 

 

Environmental Clearance from MOEF was obtained in March 2004.  The work is at tender stage. Price bids opened on 10th April 07.Evaluation of the price bids is completed. Board in its meeting on 19th July,2007 approved to award the work to the lowest bidder subject to approval from the Ministry. The matter is  submitted to the ministry  for approval. Approval is awaited.

 

 

Port’s Rail connectivity from Panvel to Port

 

JN Port is connected to the national network of Railways through Panvel – Uran Section of Central Railway.  Panvel is further connected to Konkan Railway, Diva on Central Railway and Vasai on Western Railway.  To handle increased number of trains, Central Railway has doubled the existing railway track from Panvel to Port and the line is in use since September 2006. With this development , Port’s capacity to handle trains will be increased from 12 trains to 18 trains per day each way.

 

The Port has conducted Rail Transport logistic studies through M/s RITES for long term perspective on rail and road corridors serving the port and identifying measures that would need to be taken to decongest, augment or expand these systems.  They have submitted the final report. It is proposed that the rail infrastructure  improvement  for JN Port to be taken up by the Indian Railways.

 

Improvement of Port’s road connectivity

 

At present port is connected through two lane National Highway (NH-4B) to Mumbai – Pune Expressway, Mumbai – Goa Highway (NH_17) and through two lane State Highway (SH-54) to Navi Mumbai, Thane, Nasik and Ahmedabad.  To meet future requirements of increasing container traffic, Port has decided to improve the road connectivity by forming Special Purpose Vehicle (SPV) between JNPT, NHAI and CIDCO.  Salient features are as under:

 

Phase-I

 

National Highway Authority of India (NHAI) have already taken up the work for widening of National Highway (NH-4B) about 26 KM from 2 lanes to 4 lanes.  The work is completed.  The work of widening of State Highway (SH-54) and Amra Marg about 16.5 KM is in progress.  95% work is completed. The work is likely to be completed by December 2008.  The cost of the project is Rs 3570 Millions and JNPT’s contribution in the form of equity and sub-ordinate debt is Rs 1000 Millions

 

Recently JNP board of Trustees have approved the proposal to construct two grade separators  one at Karal Junction and other at Gavhan Junction through SPV . Proposed cost of the schemes is Rs. 2800 Millions Proposal for sharing of the cost   has been submitted to the Ministry for approval.

 

Phase-II

 

The following projects have been considered

 

 

 

 

 

Phase III

 

Additional road connectivity to the port:

 

Additional connectivity to port like alternate road is at planning stage.

 

Improvement of Internal Port Roads

 

Due to increased container traffic Port’s internal road connectivity is required to be improved.  In order to improve the internal road connectivity of the Port, various phase wise schemes have been identified in the form of immediate, short term and long term proposals for implementation as per the feasibility report prepared by M/s TPA Consultancy Services.  Port has taken up widening of its existing Port roads from four lanes to six lanes / 8 lanes , development of parking areas at various locations and development of new roads have also been taken up as immediate development works. Works costing Rs. 35 crs are completed. Work  costing  about 7.00 Crs are in progress, the works are likely to be completed by March 09.

 

Widening of Port  road  from Bulk gate complex to junction near PUB  costing about Rs. 19 Crs is in progress. 65 % work is completed.

 

 

Deployment of additional machinery, equipment and Port Crafts

 

Manager (MS) may collect the updated position from Chief Manager (O) and Deputy Conservator.

 

Development of Back up Facilities:

 

Port has prepared Land Use Plan on the basis of future traffic projections.  Port has planned to develop back up area upto embankment level , for port operational activities such Warehouses, Container Freight Station (CFS) Tank Farms, Cold Storages, Export/Import Yard, Ancillary facilities and Utilities etc.

 

It is planned to develop phase wise infrastructure facilities such as roads ( upto embankment level), filling of plots up to a level of 5.50 m from Chart  datum, sewerage, electrification, water supply, ancillary facilities and utilities, filling of the plots , environmental related works etc in the back up area.   The phase wise developments at Zone-I, II & V are being taken up and at estimate stage. 

 

In Zone I Under Phase-I road from CFS to SH-54 near Dastan Phata and Development of peripheral road no 01& 02 upto embankment level is completed. Other works are at estimate  stage. 

 

 

Road Development Works at Zone-II Proposal for development of second evacuation road is submitted for approval to the standing committee for Investment proposals. Development of link road between evacuation road and Y junction is in progress. Other works are at planning stage.

 

 

Development of yards for cargo storing  behind shallow water berth is in progress. About 20 hector area is reclaimed, 04 hector area is  developed for cargo stacking  . Development of another 6.50 hector area  has been taken up and the work costing about Rs. 10 Crs is completed.

 

Infrastructure development  in Zone I, II, v are taken up like development of internal roads up to embankment level, filling of the plots etc . Works  are at estimate stage.

 

DEVELOPEMENT  SEZ :

 

While formulating Business Plan for the Port , consultant has identified scope for development of EPZ  & for development of area for CFS, Container yards etc.  The port has envisaged (from its own  experience ) scope for the SEZ / EPZ as  Non manufacturing  activities like Packing sector, garment processing , assembling of Over Dimensioned Cargo (ODC), development of Intra Port Road Connectivity & other infrastructure developments  etc. Area of about 1200 Hectors has been identified to set up the SEZ / EPZ. The port is in process of appointment of a consultant to identify detailed scope of the EPZ/ SEZ operator and  activities to be involved . Finalization of financial aspects like Modalities for funding of the  Project is also included in the scope of the Consultant. Evaluation of the EOI, called for appointment of the consultant is completed and the consultant is being finalized.

 

Environmental aspects :

 

Environmental monitoring is in progress by IIT Bombay. Monitoring of horticulture works is being done by FDCM. Development of nallaha at Zone I &II has been taken up for better  drainage of water during monsoon. Zone I nallaha work is completed. Zone II work is  in progress. 

 

Other works are at planning stage  like development of a  Eco Park about 150 hectors, aforestation at Sheva Hill and along the roads ,  Obtaining Carbon Credit  and implementation of Clean Development Mechanism (CDM), plantation at road dividers,  up gradation of Sewage Treatment Plant  etc. are identified  and  being  taken up

 

 

CMT REPORT (Corruption, Money Laundering & Terrorism]

 

The Public Notice information has been collected from various sources including but not limited to: The Courts, India Prisons Service, Interpol, etc.

 

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

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.42.73

UK Pound

1

Rs.84.38

Euro

1

Rs.66.97

 

 

RATING EXPLANATIONS

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

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

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

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average.

 

Small

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

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

 

Credit not recommended

NR

In view of the lack of information, we have no basis upon which to recommend credit dealings

No Rating

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions