MIRA
INFORM REPORT
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Report Date : |
12.08.2011 |
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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Financials (as on) : |
31.03.2010 |
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Date of Incorporation : |
01.04.1995 |
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Paid-Up Capital : |
Rs. 6233.365 Millions |
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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 |
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No. of Employees : |
18514 (approximately) |
RATING & COMMENTS
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MIRA’s Rating : |
Aa (74) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
USD 280000000 |
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Status : |
Very Good |
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Payment Behaviour : |
Regular |
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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 reported as fair. Business is active. Payments are reported to be correct and as per commitments. Subject can be considered normal for business dealings at usual trade terms and conditions. |
NOTES :
Any query related to this report can be made on
e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – June 30, 2010
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Country Name |
Previous Rating (01.04.2010) |
Current Rating (30.06.2010) |
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A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
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
As On 31.03.2010
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Name : |
Mr. T. Premnath |
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Designation : |
Executive Director |
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Name : |
Mr. R.S Maker |
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Designation : |
General Manager |
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Name : |
Mr. Jyoti Prasad |
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Designation : |
Executive Director |
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Name : |
Mr. J. M. S. Negi |
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Designation : |
Executive Director |
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Name : |
Mr. Harpal Singh |
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Designation : |
Executive Director |
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Name : |
Ms. Kalpana Sethi |
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Designation : |
General Manager |
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Name : |
Mr. A.K. Gulati |
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Designation : |
General Manager |
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Name : |
Mr. L.L. Krishnan |
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Designation : |
Executive Director |
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Name : |
Mr. C K S Nair |
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Designation : |
General Manager |
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Name : |
Mr. A.K. Arora |
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Designation : |
Joint General Manager |
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Name : |
Mr. R. A. Thakur |
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Designation : |
General Manager |
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Name : |
Mr. S. Sundararaman |
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Designation : |
Executive Director |
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Name : |
Capt. Rajesh Johar |
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Designation : |
General Manager |
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Name : |
Mr. K.P. Singh |
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Designation : |
General Manager |
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Name : |
Mr. V.K. Sharma |
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Designation : |
Joint General Manager |
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Name : |
Mr. V.K. Jain |
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Designation : |
Joint General Manager (Engg-c) |
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Name : |
Mr. N.G.Chikkathimmaiah |
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Designation : |
Executive Director |
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Name : |
Mr. H.P.Hela |
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Designation : |
General Manager |
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Name : |
Mr. R. Shankar |
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Designation : |
Executive Director |
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Name : |
Mr. Sunil Kumar Arora |
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Designation : |
Executive Director |
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Name : |
Mr. B. C. Das |
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Designation : |
General Manager |
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Name : |
Mr. Mahesh Kaul |
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Designation : |
General Manager |
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Name : |
Mr. S. C. Sharma |
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Designation : |
Executive Director |
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Name : |
Mr. Shankar Chaudhary |
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Designation : |
Executive Director |
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Name : |
Mr. S. Suresh |
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Designation : |
Executive Director |
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Name : |
Mr. M. C. Kishore |
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Designation : |
Executive Director (CA) and CS |
MANAGEMENT
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Name : |
Mr. V. P. Agrawal |
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Designation : |
Chairman |
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Name : |
Mr. K. K. Jha. IRS |
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Designation : |
Member (HR) |
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Name : |
Mr. S. Raheja |
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Designation : |
Member (Planning) |
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Name : |
Mr. V. Somasundaram |
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Designation : |
Member (ANS) |
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Name : |
Mr. G. K. Chaukiyal |
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Designation : |
Member (Operations) |
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Name : |
Mr. E. K. Bharat Bhushan, IAS |
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Designation : |
Additional Secretary and Financial Advisor Ministry of Civil Aviation
(Official) and Director of General of Civil Aviation |
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Name : |
Mr. Alok Sinha, IAS |
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Designation : |
Joint Secretary, Ministry of Civil Aviation (Official) |
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Name : |
Mr. Deepak Parekh |
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Designation : |
Part Time Member (Non-Official) |
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Name |
Mr. Arun L. Bongirwar |
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Designation : |
Part Time Member (Non-Official) |
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Name |
Mr. Sajjan Jindal |
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Designation : |
Part Time Member (Non-Official)
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Name |
Dr. S. N. A. Zaidi |
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Designation : |
DGCA and Ex-Officio Member |
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Name |
Mr. P. Sheth |
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Designation : |
Member (Operations) |
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Name : |
Mr. S. C. Chhatwal |
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Designation : |
Member (Finance) |
BUSINESS DETAILS
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Line of Business : |
Airport Authority |
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GENERAL INFORMATION
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No. of Employees : |
18514 (approximately) |
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Bankers : |
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Secured Loans |
31.03.2010 |
31.03.2009 |
31.03.2008 |
31.03.2007 |
|
7.40% secured non convertible redeemable bonds 2013 (series I) of Rs. 1.000
million each redeemable at par at the end of 3rd year from date of
allotment 22.01.2010 (bonds are secured on pari passu basis, by charge on
pieces or parcels of non-agricultural lands situate lying and being at
airport campus, cantonment, ahmedabad bearing survey numbers of mouje
sardarnagar and hansol of city taluka in the registration district ahmedabad)
|
3000.000 |
0.000 |
0.000 |
0.000 |
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Total |
3000.000 |
0.000 |
0.000 |
0.000 |
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Unsecured Loans |
31.03.2010 |
31.03.2009 |
31.03.2008 |
31.03.2007 |
|
Provided by the central government U/s 23 (b) of act. |
495.700 |
276.200 |
175.000 |
150.000 |
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Others : |
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a) Term Loans from Banks** |
2778.000 |
1500.000 |
0.000 |
0.000 |
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b) Other Loans |
40.000 |
40.000 |
40.000 |
40.000 |
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Foreign Loans |
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From Foreign Financial institutions (Guaranteed by Government of
India) |
405.741 |
484.290 |
393.487 |
462.822 |
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Total |
3719.441 |
2300.490 |
608.487 |
652.822 |
** Short term loans (due or repayable within one year)
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Banking
Relations : |
-- |
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Joint Ventures : |
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CAPITAL ACCOUNT
As On 31.03.2010
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Rs.
In Millions |
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1. |
Balance at the beginning of the year |
5737.565 |
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2. |
Addition during the year |
495.800 |
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Total |
6233.365 |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
31.03.2007 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
6233.365 |
5737.565 |
5011.265 |
4636.265 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
65109.724 |
56509.071 |
52998.571 |
43817.654 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
0.000 |
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NETWORTH |
71343.089 |
62246.636 |
58009.836 |
48453.919 |
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LOAN FUNDS |
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1] Secured Loans |
3000.000 |
0.000 |
0.000 |
0.000 |
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2] Unsecured Loans |
3719.441 |
2300.490 |
608.487 |
652.822 |
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TOTAL BORROWING |
6719.441 |
2300.490 |
608.487 |
652.822 |
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DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
0.000 |
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CAPITAL GRANTS |
1582.684 |
1389.281 |
0.000 |
0.000 |
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TOTAL |
79645.214 |
65936.407 |
58618.323 |
49106.741 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
43159.695 |
35441.352 |
27742.439 |
21605.096 |
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Capital work-in-progress |
31859.415 |
19964.288 |
13801.179 |
8385.518 |
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INVESTMENT |
9215.240 |
8540.946 |
4699.065 |
1574.824 |
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DEFERREX TAX ASSETS |
5720.789 |
5125.815 |
4055.216 |
2869.500 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Stores and Spares |
654.219
|
648.090 |
598.290 |
254.451 |
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Sundry Debtors |
8153.528
|
8270.086 |
6344.742 |
5173.682 |
|
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Cash & Bank Balances |
3620.650
|
3894.436 |
14066.647 |
19808.683 |
|
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Deposits, Loans and Advances |
58316.313
|
52586.728 |
45815.816 |
35144.009 |
|
|
Interest accrued on investments or deposits |
2.964
|
312.372 |
1132.919 |
1480.062 |
|
|
Prepaid expenses |
54.259
|
55.372 |
29.630 |
21.201 |
|
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Income accrued but not due |
2080.709
|
1864.682 |
2543.633 |
1533.574 |
|
Total
Current Assets |
72882.642
|
67631.766 |
70531.677 |
63415.662 |
|
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Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
|
Sundry Creditors |
191.030
|
133.173 |
101.677 |
93.879 |
|
|
Other Current Liabilities |
25971.777
|
22046.534 |
23342.548 |
17545.855 |
|
|
Provisions |
57029.760
|
48588.053 |
38767.028 |
31104.125 |
|
Total
Current Liabilities |
83192.567
|
70767.760 |
62211.253 |
48743.859 |
|
|
Net Current Assets |
(10309.925)
|
(3135.994) |
8320.424 |
14671.803 |
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
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TOTAL |
79645.214 |
65936.407 |
58618.323 |
49106.741 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
31.03.2007 |
|
|
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SALES |
|
|
|
|
|
|
|
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Traffic Revenue |
26646.407 |
23731.996 |
25338.170 |
22067.374 |
|
|
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Non Traffic Revenue |
5835.355 |
5373.247 |
4410.929 |
3476.880 |
|
|
|
Cargo Revenue |
1762.470 |
1779.382 |
1705.062 |
1697.659 |
|
|
|
Income from Leasing of Airports |
9409.718 |
8202.523 |
7454.508 |
5091.400 |
|
|
|
Other Income |
2498.984 |
2772.297 |
3817.429 |
4213.458 |
|
|
|
TOTAL (A) |
46152.934 |
41859.445 |
42726.098 |
36546.771 |
|
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
Pay and allowances |
13442.056 |
10601.669 |
7116.309 |
6296.054 |
|
|
|
Other staff cost |
2686.208 |
3654.183 |
2359.445 |
2053.115 |
|
|
|
Operating expenses |
7859.890 |
7565.748 |
7117.642 |
6443.705 |
|
|
|
Other administrative and misc. expenses |
2208.564 |
1802.032 |
2581.277 |
1589.481 |
|
|
|
Prior period adjustments |
46.205 |
185.152 |
(165.959) |
(715.577) |
|
|
|
TOTAL (B) |
26242.923 |
23808.784 |
19008.714 |
15666.778 |
|
|
|
|
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|
|
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Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B)
(C) |
19910.011 |
18050.661 |
23717.384 |
20879.993 |
|
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
79.252 |
26.180 |
4.014 |
9.131 |
|
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
19830.759 |
18024.481 |
23713.370 |
20870.862 |
|
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
7377.466 |
6257.956 |
5370.596 |
4659.368 |
|
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
12453.293 |
11766.525 |
18342.774 |
16211.494 |
|
|
|
|
|
|
|
|
|
|
Less |
TAX (I) |
5330.433 |
4894.474 |
7524.064 |
7612.899 |
|
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-I) (J) |
7122.860 |
6872.051 |
10818.710 |
8598.595 |
|
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
|
Transfer to Specific Reserves |
2184.475 |
2105.807 |
3314.868 |
3091.640 |
|
|
|
Dividend |
1425.000 |
1374.000 |
2163.800 |
1720.000 |
|
|
|
Tax on Dividend |
236.675 |
233.511 |
367.738 |
274.495 |
|
|
|
Transferred from Capital Reserves |
0.000 |
(2012.716) |
0.000 |
0.000 |
|
|
|
Transferred from Provision/others |
(3139.467) |
0.000 |
0.000 |
0.000 |
|
|
|
Transferred from Specific Reserves |
0.000 |
0.000 |
(2697.000) |
0.000 |
|
|
BALANCE CARRIED
TO THE B/S |
6416.177 |
5171.447 |
7669.304 |
3512.460 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
31.03.2007 |
|
PAT / Total Income |
(%) |
15.43
|
16.42 |
25.32 |
23.53 |
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
28.53
|
30.10 |
47.14 |
14.41 |
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
10.73
|
11.42 |
18.66 |
19.07 |
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.17
|
0.19 |
0.32 |
0.33 |
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.26
|
1.17 |
1.08 |
1.02 |
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.88
|
0.96 |
1.13 |
1.30 |
LOCAL AGENCY FURTHER INFORMATION
INTRODUCTION
The year 2009-10 saw a robust growth in terms of aircraft movement and
passengers handled. The growth rate was 1.9% in respect of aircraft movement
and 15.52% in respect of passengers handled over the previous year. Revenues
registered an all time high of Rs. 46150.000 millions, which was 10% more than
the previous year. Similarly, capital expenditure incurred on infrastructure
works at various airports rose from Rs. 25475.200 millions to Rs. 27425.400
millions. The Authority continued with its progress of completing new
Terminals, Runways, upgradation of CNS-ATM facilities, etc. The scenario in the
current year is also very optimistic and the Management hopes to close the
current year on a sound note. The disturbing factor, however has been the fact
that AAI has to resort to borrowings to finance its capital projects. The
borrowings during the year 2009-10 was to the tune of 550 crows, after
considering the internal resources. In the current year also, AAI expects to
borrow from the market I banks to cover the deficit in meeting its capital
expenditure requirements.
HIGHLIGHTS AT A
GLANCE
- Work on the
mega projects at Kolkata and Chennai airports is progressing smoothly, as
per schedule.
- New Terminals
were completed at
- Runways /
aprons were extended / strengthened at
- New
- Dr. BR.
Ambedhar International Airport,
- A new joint
Venture Company in the name of Chandigarh International Airport Limited”
(CHIAL) was incorporated on 28.01.2010 to undertake the construction and
operation of an Integrated Terminal Building at Chandigarh airport on the
land given by the Governments of Punjab and Haryana for this Project.
- The GAGAN
Project entered the Final Operational Phase (FOP).
- NIAMAR has
been registered as a Society (Autonomous Body) under the Societies
Registration Act, 1960.
FOREIGN EXCHANGE
During the year 2009-10, an amount of approximately Rs.2443.900 millions
was incurred on purchase of capital goods, spare parts, foreign travel,
repayment of foreign loans, etc. The deemed foreign exchange earnings of AAI
was Rs. 10097.600 millions approximately.
MAJOR WORKS
COMPLETED IN 2009-10
- Modular
Expansion of Terminal Building (Phase II) and construction of 3 Nos.
additional parking bays at
- Construction
of aerolink and provision of Aerobridges and Travellators for Bay nos. 24,
25 and 29 at
- Construction
of barracks for commandos and security forces at
- Construction
of 4 Nos. Night Parking Stand for 8-747 Aircraft with connecting taxiway
at
- Construction or
8 Nos. bays, taxiway, Ground Support Equipment area and shoulder, etc. at
- Extension of
apron at
- Construction
of runway, taxiway and apron at
- Construction
of part parallel taxiway and expansion of apron at
- Construction
of parallel taxiway and allied works, New Passenger lounge, Control Tower,
Fire Station, Boundary Wall, Residential Quarters at
- Construction
of
- Extension and
strengthening of runway and allied works at
- Construction
of New
- Construction
of New International Terminal Complex and new apron and taxiway at
- Construction
of New Terminal Building, Technical Block-cum-Control Tower, Fire Station
and Emergency Medical Centre at (Jehradun) Airport.
- Construction
of new apron for four wide-bodied aircraft and taxiway at
- Construction
of New
- Expansion of
apron and additional taxiway at
- Strengthening
of existing runway and expansion and strengthening of apron at
- Construction
of New
- Extension of
Runway, Construction of new apron with link taxiway and isolation aircraft
parking stand at
- Construction
of
- Extension and
strengthening of runway, construction of new apron, taxiway and allied
works at
- Extension of
runway including electrical works at
- Extension and
strengthening of runway, strengthening of isolation bay and associated
works at
- Construction
of new apron adjacent to the existing apron for
- Extension and
strengthening of runway and construction of isolation bay and taxiway at
OPERATIONAL
FACILITIES
- Airport
Information Management System (AIMS) was streamlined by starting a
centralized entry point for schedules of
- Safety
Assessment process for infrastructure changes at AAI airports has been
started for all new infrastructure. In this regard, all formalities
pertaining to Guwahati, Kolkata,
- Operations
Manual has been prepared fulfilling the requirement of Corporate Safety
Management System Manual and uploaded in Infosaarthee.
COMMERCIAL
ACTIVITIES
- AAI has
awarded licenses for providing Ground Handling Services at Kolkata,
Chennai, five airports in Southern Region, five airports in Northern
Region and three airports in Western Region.
MAJOR CNS / ATM
PROJECTS COMPLETED DURING THE YEAR
- Instrument
Landing System (ILS) alongwith Low Power Distance Measuring Equipment
commissioned at
- Installation
of ILS alongwith Low Power Distance Measuring Equipment completed at
Lengpui and Gondia.
- Dedicated
Satellite Communication Network (05CM commissioned at 58 airports all over
the country.
- Doppler Very
High Frequency Omni Range (OVOR) along with Co-located High Power Distance
Measuring Equipment commissioned at
- Flight
Information Display System (FIDS) commissioned at
- Remote
Control Air to Ground (RCAG) commissioned between Delhi-Amritsar,
Delhi-lodhpur, Ahmedabad-Udaipur, Mumbai-Goa, Mumbai-Porbandar,
Nagpur-Bhopal and Kolkata-Pori Blair.
- Airport
Terminal Information System (ATIS) commissioned at
- Automatic
Message Handling System (AMHS) at Mumbai - Test operation completed
successfully with
- Augmentation
of Advanced Surface Movement Guidance and Control System commissioned at
- Voice
Communication Control Systems (VCCS) commissioned at
- Air
Calibration of Navigational Aids:
46 ILS, 40 Doppler Very High Frequency Omni
Range (DVOR)/Distance Measuring Equipment (DME) and 6 CVOR/ DME were calibrated
during the year.
ISO CERTIFICATION
OF AIRPORTS
- Quality
management system (QMS) 9001:2008 has been obtained in respect of
- Environmental
Management system (E.M.S) ISO 14001 : 2004 has been given to
FUTURE OUTLOOK
With air traffic
picking up in the last few months, the revenues of the industry are buoyant and
it is expected that financial health of the industry as a whole and AAI will
improve considerably during the year. The revenues from the Joint Venture
Companies are also increasing with increase in the number of flights to these
two Major Gateway airports. Even the cargo segment has picked up in the current
year. With new Terminal Buildings being commissioned at Two Tier cities, it is
expected that non traffic revenues will also pick up during the year.
Fixed
Assets:
- Land
- Runways,
taxiways, aprons, roads bridges and culverts
- Building
freehold and leasehold
- Security
fencing
- Plant and
machinery
- Tools and
equipments
- Computer, IT hardware
and accessories
- Vehicles
- Aircraft
- Elec
installations
- Library books
AS
PER WEBSITE
The Airports Authority of India (AAI) was formed on 01.04.1995 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.
AIRPORTS
AUTHORITY OF
Organization
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.
AAI manages 127 airports, which include 14 international airport, 81 domestic
airports and 27 civil enclaves at Defence airfields. AAI provides air
navigation services over 2.8 million square nautical miles of air space. During
the year 2008- 09, AAI handled aircraft movement of 1306532 Nos. [International
270345 and Domestic 1036187], Passengers handled 44262137 Nos. [International
1047614 and Domestic 33785990] and the cargo handled 499418 tonnes
[International 318242 and Domestic 181176].
1. Passenger
Facilities
The main functions of AAI inter-alia include construction, modification
and management of passenger terminals, development and management of cargo terminals,
development and maintenance of apron infrastructure including runways, parallel
taxiways, apron etc., Provision of Communication, Navigation and Surveillance
which includes provision of DVOR / DME, ILS, ATC radars, visual aids etc.,
provision of air traffic services, provision of passenger facilities and
related amenities at its terminals thereby ensuring safe and secure operations
of aircraft, passenger and cargo in the country.
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 and old
equipments and also as new facilities to improve standards of safety of
airports in the air is a continuous process. Adoptions 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 India air space to increase airspace capacity and reduce
congestion in the air; implementation of GPS And Geo Augmented Navigation
(GAGAN) jointly with ISRO which when operationlized 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 traveling public in the security if air travel as a
whole, which was shaken after 9/11 tragedy. With this in view, a number of steps
were taken including deployment of CISF for airport security, CCTV surveillance
system at sensitive airports, latest and state-of-the-art x-ray baggage
inspection systems, premier security and surveillance systems and smart cards
for access control to vital installations at airports are also being considered
to supplement the 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 adopted 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 ft. to support
operation for Airbus-320/ Boeing 737-800 category of aircrafts at all airports.
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
enhancements 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. For this purpose 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
indoctrinate IT culture among its employees and this is 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
passengers in particular.
Functions of AAI
·
Design, Development, Operation and Maintenance of International
and
·
Control and management of the Indian airspace extending beyond the
territorial limits of the country, as accepted by ICAO.
·
Construction, Modification and Management of Passenger Terminals
·
Development and Management of Cargo Terminals at International and
Domestic airports.
·
Provision of Passenger Facilities and Information System at the
Passenger Terminals at airports.
·
Expansion and strengthening of operation area viz. Runways,
Aprons, Taxiway, etc.
·
Provision of visual aids.
·
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 and project
supervision, manpower training, Airport Management and 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 the 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
the 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.
AIRPORTS AUTHORITY
OF
Airports Authority of India (AAI) manages a total of 125 Airports, which
include 11
The Airports at Ahmedabad,
AAI has entered into Joint Venture at Mumbai,
All major air-routes over Indian landmass are Radar covered (29 Radar
installations at 11 locations) along with VOR/DVOR coverage (89 installations)
co-located with Distance Measuring Equipment (90 installations). 52 runways
provided with ILS installations with Night Landing Facilities at most of these
Airports and Automatic Message Switching System at 15 Airports.
AAI's successful implementation of Automatic Dependence Surveillance
System (ADDS), using indigenous technology, at Calcutta and Chennai Air Traffic
Control Centres, gave India the distinction of being the first country to use
this advanced technology in the South East Asian region enabling effective Air
Traffic Control over oceanic areas using satellite mode of communication. Use
of remote controlled VHF coverage, along with satellite communication links,
has given added strength to our ATMS. Linking of 80 locations by V-Sat
installations shall vastly enhance Air Traffic Management and in turn safety of
aircraft operations besides enabling administrative and operational control
over our extensive Airport network. Performance Based Navigation (PBN)
procedures have been implemented at Mumbai,
AAI has undertaken GAGAN project in technological collaboration with
Indian Space and Research Organisation (ISRO). In GAGAN project, navigation
will be through satellite based system. Navigation signals received from GPS
will be augmented to achieve the navigational requirement of aircrafts. 1st
Phase of technology demonstration system has already been successfully
completed in February 2008. Development team has been geared up to upgrade the
system in operational phase.
AAI has also planned to provide Ground Based Augmentation System (GBAS)
at
The Advanced Surface Movement Guidance and Control System (ASMGCS), at
AAI's endeavour, in enhanced focus on 'customer's expectations', has
evinced enthusiastic response to independent agency, which has 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 up-gradation, has been manifested. AAI's four training
establishments viz. Civil Aviation Training College (CATC) - Allahabad,
National Institute of Aviation Management and Research (NIAMR) -
AAI has also undertaken initiatives to upgrade training facilities at
CATC Allahabad and
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
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.27 |
|
|
1 |
Rs.73.34 |
|
Euro |
1 |
Rs.64.58 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
8 |
|
PAID-UP CAPITAL |
1~10 |
8 |
|
OPERATING SCALE |
1~10 |
9 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
9 |
|
--PROFITABILIRY |
1~10 |
8 |
|
--LIQUIDITY |
1~10 |
8 |
|
--LEVERAGE |
1~10 |
8 |
|
--RESERVES |
1~10 |
8 |
|
--CREDIT LINES |
1~10 |
8 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
74 |
This score serves as a reference to assess SC’s credit risk and
to set the amount of credit to be extended. It is calculated from a composite
of weighted scores obtained from each of the major sections of this report. The
assessed factors and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
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 |
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 |
|
- |
NB |
New Business |
- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.