1. Summary Information

 

 

 

Country

India

Company Name

Jawaharlal Nehru Port Trust

Principal Name 1

Mr. N. N. Kumar

Chairman (Deputy Chairman)

Status

Good

Principal Name 2

Mr. Vijay Chhibber

(Additional Secretary and Financial Advisor)

 

 

Registration #

--

Street Address

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

Established Date

--

SIC Code

--

Telephone#

91-22-27244196

Business Style 1

Providing Marine and Shipping Services

Fax #

91-22-27244020

Business Style 2

--

Homepage

http://jnport.gov.in/

Product Name 1

--

# of employees

--

Product Name 2

--

Paid up capital

--

Product Name 3

--

Shareholders

--

Banking

--

Public Limited Corp.

--

Business Period

--

IPO

--

International Ins.

-

Public Enterprise

--

Rating

Ba

Related Company

Relation

Country

Company Name

--

Note

--

 

  1. Summary Financial Statement

 

Balance Sheet as of

--

(Unit: Indian Rs.)

Assets

Liabilities

Current Assets

--

Current Liabilities

--

Inventories

--

Long-term Liabilities

--

Fixed Assets

--

Other Liabilities

--

Deferred Assets

--

Total Liabilities

--

Invest& other Assets

--

Retained Earnings

--

 

 

Net Worth

--

Total Assets

--

Total Liab. & Equity

--

 Total Assets

(Previous Year)

--

 

 

P/L Statement as of

--

(Unit: Indian Rs.)

Sales

--

Net Profit

--

Sales(Previous yr)

--

Net Profit(Prev.yr)

--

 

MIRA INFORM REPORT

 

 

Report Date :

11.07.2011

 

IDENTIFICATION DETAILS

 

Name :

JAWAHARLAL NEHRU PORT TRUST

 

 

Administrative Office :

Nhava Sheva, Taluka Uran, Navi Mumbai – 400707, Maharashtra

 

 

Country :

India

 

 

Date of Incorporation :

Not Divulged

 

 

Capital Investment / Paid-up Capital :

Not Divulged

 

 

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.

 

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

 

Country Name

Previous Rating

(01.04.2010)

Current Rating

(30.06.2010)

India

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

 

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/

 

 

BOARD OF TRUSTEES

 

Name :

Mr. N. N. Kumar

Designation :

Chairman (Deputy Chairman)

Address :

·         Administration Bldg. Sheva, Navi Mumbai-400707, Maharashtra, India

 

·         1107, Raheja Centre, 214, Nariman Point, Mumbai-400 021, Maharashtra, India

Email :

chairman@jnport.gov.in

deputychairman@jnport.gov.in

 

 

Name :

Mr. Vijay Chhibber

Designation :

Additional Secretary and Financial Advisor

Address :

Ministry of Shipping, RT and H Transport Bhavan, 1, Sansad Marg, New Delhi – 110 001, India

 

 

Name :

Mr. L. Radhakrishnan

Designation :

Chairman

Address :
  • Administration Building, Sheva, Navi Mumbai – 400707, Maharashtra, India
  • 1107, Raheja Centre, 214, Nariman Point, Mumbai-400 021, Maharashtra, India

 

 

Name :

Dr. S. B. Agnihotir

Designation :

Director General of Shipping Directorate General of Shipping

Address :

Jahaz Bhavan, Walchand Hirachand Marg, Mumbai – 400001, Maharashtra, India

E-mail :

sbagnihotri@dgshipping.com

john@dgshipping.com(ps to dg)

 

 

Name :

Mr. Rajesh Pathak

Designation :

Chief Freight Transportation Manager, Central Railway

Address :

General Manager’s Office 1st Floor, Annex Building, CST, Mumbai – 400001, Maharashtra, India

E-mail :

cftm@cr.railnet.gov.in

 

 

Name :

Capt. Piyush Pal Singh

Designation :

President, Mumbai and Nhava Sheva Ship-Agents Associations

Address :

901, Arcedia Building, 9th Floor, N.C.P.A. Marg, 195, Nariman Point, Mumbai – 400021, Maharashtra, India

 

 

Name :

Mr. Nailesh V. Gandhi

Designation :

President, The Bombay Custom House Agents Association

Address :

73/74 Mital Tower , ‘C’ Wing, 7th Floor, Nariman Point, Mumbai – 400021, Maharashtra, India

 

 

Name :

Mr. K R Bhargava

Designation :

Chief Commissioner of Customs

Address :

Jawaharlal Nehru Custom House, Navi Mumbai - 400707, Maharashtra, India

 

 

Name :

Mr. Kailash B. Murarka

Designation :

Trustee

Address :

B-202, Raghav, Vasant Vally, Gokuldham, Filmcity Road, Malad (E), Mumbai – 400097, Maharashtra, India

 

 

Name :

Mr. Bhupendra Gupta

Designation :

Trustee

Address :

203/204, A Wing, Shiv Chambers, Sector 11, C.B.D. Belapur (E), Navi Mumbai – 400614, Maharashtra, India

 

 

Name :

Mr. Ravi Raja

Designation :

Trustee

Address :

Plot NO. 224/F-1, ‘Tarang Building’, Tamil Sangam Road, Sion (E), Mumbai – 400022, Maharashtra, India

 

Trustee

Name :

Mr. Ashish S. Pednekar

Designation :

President, Maharashtra Chamber of Commerce, Industry and Agriculture,

Address :

Oricon House, 6th Floor, 12, K Dubhash Marg, Fort, Mumbai – 400001, Maharashtra, India

 

 

Name :

Mr. Javed R. Shroff

Designation :

Trustee

Address :

Juhu Rupal, HSBC Bank Lane, 10th Road, Juhu Scheme, Mumbai – 400049, Maharashtra, India

 

 

STAFF DIRECTORY

 

Name :

Mr. L Radhakrishnan

Designation :

Chairman

Email :

chairman@jnport.gov.in

 

 

Name :

Mr. K N Nair

Designation :

PS to Chairman

Email :

kesavannair@jnport.gov.in

 

 

Name :

Mrs. M S Joshi APS to Chairman

Designation :

Chairman Office

Email :

maitreyeejoshi@jnport.gov.in

 

 

Name :

Mr. N N Kumar

Designation :

Dy. Chairman

Email :

deputychairman@jnport.gov.in

 

 

Name :

Mr. M A Nair PS to Dy. Chairman

Designation :

Dy Chairman Office

Email :

mannuzhinair@jnport.gov.in

 

 

Name :

Mr. A P Srivastava

Designation :

Chief Vigilance Officer

Email :

cvo@jnport.gov.in

 

 

Name :

Mr. V N Datar

Designation :

PA to CVO

Email :

vivekdatar@jnport.gov.in

 

 

Name :

Capt.Jitendra Mishra

Designation :

Dy. Conservator

Email :

jmishra@jnport.gov.in

 

 

Name :

Mr. S K Kaul

Designation :

C M (Admn) and Secy.

Email :

skkaul@jnport.gov.in

 

 

Name :

Mr. S N Maharana

Designation :

C M (O)

Email :

snmaharana@jnport.gov.in

 

 

Name :

Mr. G Senthilvel

Designation :

C M (Finance)

Email :

cmf@jnport.gov.in

 

 

Name :

Mr. P Y Deshmukh

Designation :

C M (PP and D)

Email :

cmppd@jnport.gov.in

 

 

Name :

Mr. D S Garde

Designation :

S M (CT)

Email :

dilipgarde@jnport.gov.in

 

 

Name :

Mr. S M Shetty

Designation :

S M (M and ES)

Email :

smshetty@jnport.gov.in

 

 

Name :

Capt. B S Kumar

Designation :

Sr. Dock Master

Email :

bskumar@jnport.gov.in

 

 

Name :

Mr. A K Hambarde

Designation :

S M (Projects and CFS)

Email :

ananthambarde@jnport.gov.in

 

 

Name :

Mr. M G Ahire

Designation :

S M (P and IR)

Email :

mgahire@jnport.gov.in

 

 

Name :

Mr. K V Rajan

Designation :

S M (Fin)

Email :

kvrajan@jnport.gov.in

 

 

Name :

Mr. U K Sharma

Designation :

S M (PP and D)

Email :

upendrasharma@jnport.gov.in

 

 

Name :

Dr. Raj Hingorani  

Designation :

Medical Supdt.

Email :

rajhingorani@jnport.gov.in

 

 

Name :

Mr. R K Gurav

Designation :

Manager (MS)

Email :

rajangurav@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 km˛ 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.

 

 

NHAVA SHEVA

 

Nhava Sheva is the largest port in India, handling close to 50% of the country's port traffic. The main goods exported are cotton shirts, knitted t-shirts, sporting goods, carpets, other textile articles like embroidery machines and etc., boneless meat, and medicaments. The main imports are chemicals, machinery, plastics, electrical machinery, vegetable oils and aluminum and other non-ferrous metals. It has access to neighbouring Mumbai and to the hinterland of Maharashtra, Madhya Pradesh, Gujarat, Karnataka and most of North India. It is located south east of Mumbai.

 

The port was developed to relieve pressure of the port of Bombay (Mumbai) in Bombay proper and was commissioned on May 26, 1989[1]. It has three terminals: JNPCT, NSICT and GTI (Gateway Terminal of India). NSICT is India’s first privately managed container terminal. It is run by Dubai Ports World. Currently it is managed under a Build-Operate-Transfer agreement set up with the Jawaharlal Nehru Port Trust (JNPT) of the Government of India.

 

 

JAWAHARLAL NEHRU PORT TRUST:

 

Jawaharlal Nehru Port 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. GTI one of the three container terminals in JNPT has set national record for berth productivity of 235.92 moves/hour on 25th Jan 2010 on vessel M.V EVER RACER(WCIX service).The entire operation was performed in just 13 hours and 10 mins, during which 3295 moves (4136 teus) were performed.

 

Jawaharlal Nehru Port encompasses an area of 10 km˛. New terminal access points and connecting roads are proposed but have not yet been constructed.

 

 

CONTAINER TERMINAL

 

·         Three berths (Linear quay length of 680 Metres)

·         Can handle third generation container vessels.

·         Rail mounted quay cranes - (RMQC): 8

·         Post Panamax - 6 No.

·         Super Post Panamax - 2 No

·         Rubber tyred gantry cranes - (RTGC): 18 numbers

·         Rail mounted gantry cranes - (RMGC): 5 numbers.

·         Present capacity: 6,00,000 TEUs per annum.

·         Main Container yard: 35 hectares (30,000 TEUs capacity)

·         Additional paved area: 1,80,000 square metres.

·         Reach stackers: 10 numbers.

·         Tractor Trailers: 120 numbers.

·         Fork lifts: 3 numbers.

·         Reefer slots: 280 numbers.

 

 

SHALLOW DRAUGHT BERTH

 

A 445 Long Shallow Draught Berth for vessels upto 170 meters LOA and upto 9.00 meters draught has been commissioned for handling Feeder Container Vessels, Dry Bulk (Fertiliser , Fertiliser raw material, Sugar etc.) and General Cargo vessels with a capacity addition of about 1.2 million tonnes per annum.

 

 

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 and 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.

 

·         No of ground slots: 6222 ground slots, out of which 620 ground slots at ICD.

·         600 Metres linear quay length

·         Rail mounted quay cranes - (RMQC)
Post Panamax - 6 numbers
Super Post Panamax - 2 numbers

·         Rubber tyred gantry cranes - (RTGC): 29 numbers

·         Rail mounted gantry cranes - (RMGC): 3 numbers.

·         Reefer points: 672 numbers.

·         Backup Area - 26 Hectares (Container Yard)

·         Railway Sliding for ICD - Two Tracks

·         Tractor Trailers - 34 numbers owned about 100 numbers hired

·         Reach stackers - 3 numbers.

·         Empty Handlers - 2

 

 

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 became fully operational from October, 2006.

 

 

THE TERMINAL WILL HAVE THE FOLLOWING EQUIPMENT:

 

Rail-Mounted Quay Cranes

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

Rubber-Tyred Gantry Cranes

40 (for yard operations)

Rail-Mounted Gantry Cranes

3 (for rail transfers)

Reach Stackers

2

Empty Handlers

2

Tractor-Trailers

90

Fork Lifts (small)

4

Twin Lift Spreaders

61 mt rated load

 

 

 

DOWNLOAD FLOTILLA DETAILS:

 

Pilotage:

The port provides round the clock pilotage to all ocean going vessels calling the port

 

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: 5 Nos

Tugs: 8 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 and ANNEX-V OF MARPOL 73/78 AS ON 30.10.2010

LIST OF APPROVED CONTRACTORS

 

1. ANNEX-1---SLUDGE OIL RECEPTION  FACILITIES REGISTERED PARTIES AS ON 10/02/2011

 

 

Sr No.

Name of the party

Validity  period

 

1

M/s  Sai Om Petro Specialities Limited

SubhasNagar,Village Road, Opp. Kilburn Engg. Limited, Bhandup(W) 400078 Tel-25666687,4238  Fax-25669908   e-mail sopsl@vsnl.net

03.03.2011

 

2

M/s.Taxoil Lubricants Private Limited

2-25/27, Piru Lane,  Matiwala Building.Nr.

J.J.Hospital,  Mumbai-400009

Contact No. 23726450/23726551 fax No.23739384

taxoil@yahoo.com

31.03.2011

 

 

3

M/s Daya Lubricants Private Limited

202-203, Sai Commercial Centre,504,Linking Road, Khar, Tel. 6481564/6483046 , Fax.6483815

e-mail exim@dayalubricants.com

09.03.2011

 

 

4

North East Lubrica Private Limited,

Survey No. 404, Abitghar Village, Tal. Wada,

Dist. Thane – 421303.  Contact No. 9833672467

www.nelubrica.com

31.03.2011

 

5

M/s .Balaji Rang Udyog Private Limited

35, Ramnik Smruti, 3rd Floor Station Road,

Vikhroli (West), Mumbai - 400083

30.04.2011

 

 

 

 

6

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.22659685, e.mail meherpetrochem@vsnl.net

31.03.2011

 

 

7

 M/s Industrial Esters  Private Chemicals Private Limited, 202,Madhav Apartment, Jawahar Road,  Ghatkopar(E), Mumbai-400077. Contact No. 25011359 Fax No. 25010607

email - industrial_esters@yahoo.co.in

18.04.2011

8

M/s. Shree Pooshp- Hans Chemicals

403/404, Dev Krupa Premises,

Co-op. Hsg.  Society Limited,

4th Floor, 28, Raichur street,

Dana Bunder, Mumbai-400009.

28.02.2011

 

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

 

 

Name of the party

Remarks

M/s Avdhut Majoor Sahakari Sanstha Limited

At Dhutam, Post. Jasai,

Tal. Uran, Dist. Raigad.

Contact No. 9870946115

Valid till  03.04.2011

 

 

PRESS RELEASE:

SC orders removal of JNPT office seals in property tax row

Vijay Singh, TNN 04.02.2011, 11.16pm IST

 

NAVI MUMBAI: The Supreme Court has asked Jawaharlal Nehru Port Trust (JNPT) to deposit Rs 160.000 millions for six months till the state government does a proper assessment of the property tax it has to pay.

 

The court also ordered 11 gram panchayats to remove the seals pasted on several port offices for not paying tax.

 

JNPT had challenged gram panchayats' action to seal their offices at the Nhava Sheva port complex for not paying Rs 1298.600 milliona tax. A JNPT press release stated their calcuations showed a payment of Rs 710.000 millions. The port was constructed on gram panchayats' land in 1984. A senior JNPT official said, "It was rather humiliating when gram panchayats sealed our offices two weeks ago when the legal dispute on the property tax was not settled. We welcome and respect the direction of the apex court.''

 

Sarpanch of Sonare village and main coordinator of the 11 gram panchayats, Tukaram Kadu, said: "We removed the seals from JNPT offices as per the court order; but our fight to recover the Rs 1298.600 millions from JNPT will continue.''

 

 

PRESS RELEASE:

 

JNPT wins the ‘1st Northern India, Multimodal Logistic Award’

 

Shri L. Radhakrishnan, IAS, Chairman, JNPT, receives the ‘ 1st Northern India, Multimodal Logistic Award’ at the International Conference Expo “ CONquest 2011’.

 

JNPT has bagged the ‘1st Northern India, Multimodal Logistic Award’ for Container Handling Sea Port of the Year(For Northern India Cargo)  by the Associated Chambers of Commerce and Industry of India(ASSOCHAM) and Fairplay Exposition Group in a  glittering function held at “The Lalit,” New Delhi on 18.01.2011.After receiving the award , the JNPT Chairman attributed this success to the efforts put in by the employees , officers of the Port and support from the Govt. and the Trade.

 

 

 

 

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 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.44.32

UK Pound

1

Rs.70.74

Euro

1

Rs.63.64


 

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

-

 

 

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

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.