MIRA INFORM
REPORT
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Report Date : |
07.02.2012 |
IDENTIFICATION DETAILS
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Name : |
AIRPORTS AUTHORITY OF INDIA |
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Registered
Office : |
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Country : |
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Financials (as
on) : |
31.03.2011 |
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Date of Incorporation : |
01.04.1995 |
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Capital
Investment / Paid-up Capital : |
Rs.6556.115 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 : |
18243 (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 300000000 |
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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 – September 30, 2011
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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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 India, Rajiv Gandhi Bhawan, Safdarjung Airport, New Delhi - 110 003, India |
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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 |
MEMBERSHIPS
AS ON 31.03.2011
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Name : |
Mr. V.P. Agrawal |
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Designation : |
Chairman |
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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 General of Civil Aviation |
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Name : |
Mr. Alok Sinha |
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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. Sajjan Jindal |
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Designation : |
Part-Time Member (Non-Official) |
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Name : |
Mr. A. L. Bongirwar |
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Designation : |
Part-Time Member (Non-Official) |
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Name : |
Mr. S. C. Chhatwal |
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Designation : |
Member (Finance) |
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Name : |
Mr. K. K. Jha |
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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. Sonasudaram |
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Designation : |
Member (ANS) |
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Name : |
Mr. G. K. Chaukiyal |
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Designation : |
Director |
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Name : |
Mr. M. C. Kishore |
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Designation : |
Executive Director (CA) and CS |
BUSINESS DETAILS
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Line of Business : |
Airport Authority |
GENERAL INFORMATION
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No. of Employees : |
18243 (Approximately) |
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Bankers : |
·
State Bank of |
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Facilities : |
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Banking
Relations : |
-- |
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Joint Ventures : |
·
Delhi International Airport Private Limited
(DIAPL) ·
Mumbai International Airport Private Limited
(MIAPL) ·
Hyderabad International Airport Private Limited
(HIAL) ·
Bangalore International Airport Private Limited
(BIAL) ·
National Flying Training Institute, Gondia
(NFTIPL) ·
Mihan India Private Limited, Nagpur ·
Chandigarh International Airport Private Limited |
CAPITAL STRUCTURE
AS ON 31.03.2011
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Sr. No. |
Particulars |
Rs. In Millions |
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1. |
Balance at the beginning of the year |
6233.365 |
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2. |
Addition during the year |
322.750 |
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Total |
6556.115 |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
6556.115 |
6233.365 |
5737.565 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
69609.688 |
65109.724 |
56509.071 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
76165.803 |
71343.089 |
62246.636 |
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LOAN FUNDS |
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1] Secured Loans |
6000.000 |
3000.000 |
0.000 |
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2] Unsecured Loans |
6252.389 |
3719.441 |
2300.490 |
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TOTAL BORROWING |
12252.389 |
6719.441 |
2300.490 |
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DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
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CAPITAL GRANTS |
4407.972 |
1582.684 |
1389.281 |
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TOTAL |
92826.164 |
79645.214 |
65936.407 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
53601.489 |
43159.695 |
35441.352 |
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Capital work-in-progress |
37475.232 |
31859.415 |
19964.288 |
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INVESTMENT |
9761.390 |
9215.240 |
8540.946 |
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DEFERREX TAX ASSETS |
6673.559 |
5720.789 |
5125.815 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Stores and Spares |
926.343
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654.219
|
648.090 |
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Sundry Debtors |
10219.861
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8153.528
|
8270.086 |
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Cash & Bank Balances |
1062.097
|
3620.650
|
3894.436 |
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Deposits, Loans and Advances |
45001.145
|
58316.313
|
52586.728 |
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Interest accrued on investments or deposits |
5.794
|
2.964
|
312.372 |
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Prepaid expenses |
50.336
|
54.259
|
55.372 |
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Income accrued but not due |
2146.811
|
2080.709
|
1864.682 |
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Total
Current Assets |
59412.387
|
72882.642
|
67631.766 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Sundry Creditors |
145.237
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191.030
|
133.173 |
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Other Current Liabilities |
22386.842
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25971.777
|
22046.534 |
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Provisions |
51565.814
|
57029.760
|
48588.053 |
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Total
Current Liabilities |
74097.893
|
83192.567
|
70767.760 |
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Net Current Assets |
(14685.506)
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(10309.925)
|
(3135.994) |
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MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
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TOTAL |
92826.164 |
79645.214 |
65936.407 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
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SALES |
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Traffic Revenue |
29582.033 |
26646.407 |
23731.996 |
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Non Traffic Revenue |
6367.633 |
5835.355 |
5373.247 |
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Cargo Revenue |
2292.839 |
1762.470 |
1779.382 |
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Income from Leasing of Airports |
10463.538 |
9409.718 |
8202.523 |
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Other Income |
2686.013 |
2498.984 |
2772.297 |
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TOTAL (A) |
51392.056 |
46152.934 |
41859.445 |
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Less |
EXPENSES |
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Pay and allowances |
12637.661 |
13442.056 |
10601.669 |
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Other staff cost |
3913.211 |
2686.208 |
3654.183 |
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Operating expenses |
9681.037 |
7859.890 |
7565.748 |
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Other administrative and misc. expenses |
1866.150 |
2208.564 |
1802.032 |
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Prior period adjustments |
336.447 |
46.205 |
185.152 |
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TOTAL (B) |
28434.506 |
26242.923 |
23808.784 |
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Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
22957.550 |
19910.011 |
18050.661 |
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Less |
FINANCIAL
EXPENSES (D) |
111.470 |
79.252 |
26.180 |
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PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
22846.080 |
19830.759 |
18024.481 |
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Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
8933.586 |
7377.466 |
6257.956 |
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PROFIT BEFORE
TAX (E-F) (G) |
13912.494 |
12453.293 |
11766.525 |
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Less |
TAX (H) |
5448.619 |
5330.433 |
4894.474 |
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PROFIT AFTER TAX
(G-H) (I) |
8463.875 |
7122.860 |
6872.051 |
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Less |
APPROPRIATIONS |
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Transfer to Specific Reserves |
2598.492 |
2184.475 |
2105.807 |
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Dividend |
1693.000 |
1425.000 |
1374.000 |
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Tax on Dividend |
274.647 |
236.675 |
233.511 |
|
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Transferred from Capital Reserves |
0.000 |
0.000 |
(2012.716) |
|
|
|
Transferred from Provision/others |
0.000 |
(3139.467) |
0.000 |
|
|
|
Transferred from Specific Reserves |
0.000 |
0.000 |
0.000 |
|
|
BALANCE CARRIED
TO THE B/S |
3897.736 |
6416.177 |
5171.447 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
16.47
|
15.43
|
16.42 |
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Net Profit Margin (PBT/Sales) |
(%) |
28.56
|
28.53
|
30.10 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
12.31
|
10.73
|
11.42 |
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Return on Investment (ROI) (PBT/Networth) |
|
0.18
|
0.17
|
0.19 |
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Debt Equity Ratio (Total Liability/Networth) |
|
1.13
|
1.26
|
1.17 |
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Current Ratio (Current Asset/Current Liability) |
|
0.80
|
0.88
|
0.96 |
LOCAL AGENCY FURTHER INFORMATION
INTRODUCTION
Subject is a leader
in infrastructure building for developing airport infrastructure along the
length and breadth of the country including remote and far flung areas. Subject
came into existence on 1.4.1995 with the merger of National Airports Authority
and International Airports Authority of India. AAI manages 115 airports
including 23 Civil Enclaves. Subject also provides CNS-ATM facilities at 11
other airports. Subject has been bestowed with responsibility of managing the
entire Indian airspace measuring about 2.8 million nautical square mile area of
national airspace covering Bay of Bengal and Arabian Sea has been assigned to
AAI for provision of Air Traffic Services in the designated air space. Subject
is also a Mini-Ratna Cat. 1 Public Sector Enterprise.
HIGHLIGHTS AT A
GLANCE
·
New Terminal Buildings completed at Ahmedabad,
Barapani,
· Construction of RCC / Prestressed concrete bridge of size 447.5 mx 200 mover River Adyar and extension of Secondary Runway completed at Chennai Airport.
· Additional night parking stands for wide-bodied aircraft (B-747) completed at Chennai airport.
· Extension of Secondary Runway, construction of Taxi Track and Apron and construction of new Operational Building completed at NSCBI Airport, Kolkata.
· Strengthening of Runway at Agatti airport.
· Airports Surface Movement and Guidance Control System commissioned at IGI Airport, Delhi, Rajiv Gandhi International Airport, Hyderabad and Bangalore Airport, Bengaluru.
· Performance Based Navigation (PBN) Procedures have been implemented at Delhi, Mumbai, Chennai, Kolkata, Hyderabad and Ahmedabad airports.
· Automation of ATC system implemented at Delhi, Mumbai, Hyderabad and Bangalore airports.
· Dedicated Satellite Communication Network IDSCN) operationalized at 63 sites.
· The Final Operational Phase (FOP) P — SAT of GAGAN Project completed.
· Mixed mode operations on both runways 10/28 and 11/29 implemented at IGI airport, Delhi to reduce ground taxiing time.
· Separation in approach control jurisdiction has been reduced from 5 NM to 3 NM at IGI Airport, Delhi resulting in more number of arrivals per hour.
· Expeditious implementation of e - Trade / EDI connectivity including launching of ICES 1.5 version at Kolkata and Chennai Airport w.e.f. September, 2010 and January, 2011 respectively.
· Air Cargo Complex commissioned and operationalized at Port Blair.
· Engineering Wingat Corporate Headquarters has acquired Quality Management System under 150-9001- 2008 Certification.
· The year 2010-11 saw growth of the organization in terms of aircraft movements and passenger movements as well as cargo handled. The profit after tax increased from Rs.7122.900 Millions to Rs.8463.900 Millions.
FOREIGN EXCHANGE
During the year 2010-11, an amount of approx. Rs.1926.600 Millions was incurred on purchase of capital goods, spare parts, foreign travel, repayment of foreign loans, etc. The deemed foreign exchange earnings of company were Rs.12091.200 Millions approx.
MAJOR WORKS
COMPLETED IN 2010-11
· New International Terminal Building commissioned at Sardar Vallabhbhai Patel International Airport, Ahmedabad.
· New International Terminal Building commissioned at Trivandnum Airport
· New Terminal Building commissioned at Barapani Airport.
· New Integrated Terminal, construction of new apron, expansion of existing apron and link taxiways commissioned at Bhopal airport.
· New Integrated Terminal Buildings commissioned at Chandigarh and Varanasi airports.
· Strengthening of existing runway and taxiways completed at Dibnugarh airport Night landing facilities commissioned at Imphal airport.
· New Integrated Terminal, strengthening and extension of runways, construction of new aprons with link taxitracks and construction of isolation bay along with link taxiways completed at Indore airport.
· New Integrated Terminal Buildings commissioned at Madurai and Mysore airports.
· Construction of parallel taxiways and new link taxiways, expansion of terminal building completed at Pune civil enclave.
· Expansion of apron and construction of isolation bay and resurfacing of runway completed at Ranchi airport.
· Expansion of apron completed at Srinagar airport.
· Extension and strengthening of runway and expansion of apron completed at Varanasi airport.
· Strengthening of Runway completed at Agatti Airport.
· Construction of Perimeter wall for encompassing subject land at North of Runway -07 at Chennai Airport.
· Construction of 4 Nos. Night Parking Stand for B-747 Aircraft with a connecting Taxiway to Main R/W/07/25 at Chennai Airport.
· Extension of Secondary Runway, Construction of taxi track, Apron, Provision of Visual lighting Aids with Apron Lighting and associated Civil and Electrical works at Chennai Airport.
· Construction of RCC / Pre stressed bridge across River Adyar at Chennai Airport.
· Extension of Secondary Runway, C/o Taxi Track, Apron Lighting at Kolkata Airport.
· Construction of Operational Building at NSCBI Airport.
· Construction of Apron and Link Taxi Track at Jaisalmer Airport.
OPERATIONAL
FACILITIES
Mechanised Environmental Support System (MESS) has been implemented at Ahmedabad, Amritsar, Calicut, Chandigarh, Dehradun, Jaipur, Mangalore, Srinagar, Trichy, Trivandrum, Udaipur, Varanasi and Visakhapatnam airports.
Environmental Support System (ESS) has been implemented at Agartala, Abmedabad, Amritsar, Bagdogra, Barapani, Calicut, Coimbatore, Dibrugarh, Dimapur, Goa, Guwahati, Gwalior, Hubli, Imphal, Jammu, Jamnagar, Kangra, Kullu, Leh, Madurai, Mangalore, Mysore, Porbandar, Rajahmundry, Ranchi, Shimla, Tejpur, Tirupati,
Trivandrum, Udaipur, Vadodara, Varanasi and Visakhapatnam airports.
MESS is planned to be implemented in future at Aurangabad, Bhopal, Coimbatore, Indore, Lucknow, Mysore, Raipur, Rajahmundry and Raipur airports.
MAJOR CNS / ATM
PROJECTS COMPLETED DURING THE YEAR
· Airport Surface Movement and Guidance Control System [ASMGCS] was commissioned at lGI Airport Delhi, R.G.I Airport Hyderabad and Bangalore Airport, Bengaluru. ASMGCS has also been installed at Chennai, Mumbai and Kolkata airports and is under trial.
· Performance Based Navigation (PBN) Procedures have been implemented at Delhi, Mumbai, Chennai, Kolkata, Hyderabad and Ahmedabad airports. The ATS routes serving these airports and terminal area have been realigned and optimised under PBN implementation plan. This has considerably enhanced the safety, efficiency and capacity. PBN has provided significant environmental gains due to reduced track miles and efficient flight paths.
· No Objection Certificate Application Software (NOCAS) has been introduced for online processing of height clearances and their subsequent monitoring.
· Automation of ATC system implemented at Delhi, Mumbai, Hyderabad and Bangalore airports and is planned for Kolkata airport in the current year.
· Instrument Landing System (ILS) co-located along with Low Power Distance Measuring Equipment (LP-DME) commissioned at Calicut (Rwy 10), Lucknow )upgraded to CAT II), Chandigarh, Silchar, Srinagar and Kanpur and replaced and commissioned at Delhi (Rwy 10/28).
· En-route Monitoring Agency named BOBASMA has been established at Chennai on 16th January, 2011. India has carried out the First Airspace Analysis and Safety Assessment for the introduction of 50 NM reduced longitudinal separation and its continued safe use of operation in the Bay of Bengal, Arabian Sea and Indian Ocean Region in Phase I. There are 14 member states within the area under consideration. India Enroute Monitoring Agency, (BOBASMA) is likely to get its endorsement from APANPIRG/22 in Sept. 2011, as an Authorised Airspace Monitoring Organisation in the APAC Region.
· Automation of Aeronautical Information services completed in June, 2010.
· Automation of ATC system at 38 non-metro airports is underway and the same will be completed by June 2012.
· Dedicated Satellite Communication Network (DSCN) has been operationalized at 63 sites.
· Doppler Very High Frequency Omni Directional Range (DVOR) along with Co-located High Power Distance Measuring Equipment (HP-DME) commissioned at Mysore and Dehradun airports and commissioned after relocation / replacement at NSCBI airport, Kolkata, Cochin, Aurangabad, Jaipur and Indore.
· Voice Control Communication System (VCCS) commissioned at 30 airports.
· ATS Message Handling System (AMHS) has been established at Mumbai with link for Singapore. Process for establishing link with Beijing, Karachi and other Centres is at an advanced stage.
FUTURE OUTLOOK
The future of the Authority is considered very good in view of the
inherent strengths of the Organization by way of highly trained pool of Engineering
and other Technical staff and also the financial strength of the Organization.
With new Terminals being commissioned in Tier 2 and Tier 3 cities in the
country, the focus of the expansion of Civil Aviation has now shifted from the
metro cities to these Tier 2 and Tier 3 cities in the country. Coupled with the
concessions being offered by the AAI and also the policy of the Government
regarding route dispersal, the traffic density to these Tier 2 and Tier 3
cities has increased considerably in the last couple of years with more and
more people flying into and out of these smaller cities. The Authority will
reap good dividends in the coming years from the expanded facilities at these
airports. There is also a need to undertake concerted marketing of the
facilities created by AAI in these cities. The Authority has commenced a
process of dialogue with the Airlines to market its facilities at these cities.
All efforts need to be taken to increase non traffic revenues by innovative
methods of commercial exploitation and also better utilisation of the land
resources. The proposal for the city side development of 10 selected non-metro
airports also needs to be expedited. In addition, various concessions that were
offered to the Airlines by way of exemption from payment of airport charges to
aircraft of upto 80 seater capacity should be rolled back in view of the fact
that most of the carriers including the low cost carriers have introduced ATR
and other smaller aircrafts in these smaller routes which has cost the
Authority financially. It would only be appropriate that the Government accords
approval to the proposal of Authority to raise interest free bonds to fund its
major capital projects. To sum up, though the Authority has done well in the
year 201 0-11, a lot more needs to be done up to consolidate its position as a
market leader in the aviation sector and also to enable it to offer advise to
other airport operators.
CONTINGENT
LIABILITIES
|
Particulars |
31.03.2011 Rs. In Millions |
|
|
|
|
Opening Balance as on 01.04.2010 |
152.941 |
|
Additions |
2.722 |
|
Utilization / Adjustments |
(23.636) |
|
Closing Balance as on 31.03.2011 |
132.027 |
|
|
|
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
·
Electric Installations
·
Library Books
AS
PER WEBSITE
PROFILE:
Subject manages a total of 125 Airports, which include 11 International Airports, 08 Customs Airports, 81 Domestic Airports and 25 Civil Enclaves at Defence Airfields. Subject also provides Air Traffic Management Services (ATMS) over entire Indian Air Space and adjoining oceanic areas with ground installations at all Airports and 25 other locations to ensure safety of Aircraft operations.
The Airports at Ahmedabad, Amritsar, Calicut, Guwahati, Jaipur, Trivandrum, Kolkata and Chennai, which today are established as International Airports, are open to operations even by Foreign International Airlines. Besides, the International flights, National Flag Carriers operate from Coimbatore, Tiruchirappalli, Varanasi, and Gaya Airports. Not only this but also the Tourist Charters now touch Agra, Coimbatore, Jaipur, Lucknow, Patna Airports etc.
Subject has entered into a Joint Venture at Mumbai, Delhi, Hyderabad, Bangalore and Nagpur Airports to upgrade these Airports and emulate the world standards.
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 are provided with ILS installations with Night Landing Facilities at most of these Airports and Automatic Message Switching System at 15 Airports.
Subject’s successful implementation of Automatic Dependence Surveillance System (ADSS), 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 thus 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 their 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 their extensive Airport network. Performance Based Navigation (PBN) procedures have already been implemented at Mumbai, Delhi and Ahmedabad Airports and are likely to be implemented at other Airports in phased manner.
Subject has undertaken GAGAN project in technological collaboration with Indian Space and Research Organization (ISRO), where the satellite based system will be used for navigation. The navigation signals thus received from the GPS will be augmented to achieve the navigational requirement of aircrafts. First 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.
Subject has also planned to provide Ground Based Augmentation System (GBAS) at Delhi and Mumbai Airports. This GBAS equipment will be capable of providing Category-II (curved approach) landing signals to the aircrafts thus replacing the existing instrument landing system in the long run, which is required at each end of the runway.
The Advanced Surface Movement Guidance and Control System (ASMGCS), installed at Delhi, has upgraded operation to runway 28 from CAT-IIIA level to CAT-IIIB level. CAT-IIIA system permits landing of aircrafts up to visibility of 200mtrs. However, CAT-IIIB will permit safe landing at the Airports at a visibility below 200mtrs but above 50mtrs.
Subject’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 their '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, Subject endeavours to make its operations more transparent and also make available the instantaneous information to customers by deploying state-of-art Information Technology.
The specific training, focus on improving the employee response and the 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 (NIAMAR) - Delhi and Fire Training Centres (FTCs) at Delhi and Kolkata are expected to be busier than ever before.
Subject has also undertaken initiatives to upgrade training facilities at CATC Allahabad and Hyderabad Airport. Aerodrome Visual Simulator (AVS) has been provided at CATC recently and non-radar procedural ATC simulator equipment is being supplied to CATC Allahabad and Hyderabad Airport.
Subject is having a dedicated Flight Inspection Unit (FIU) and it has fleet of three aircrafts fitted with latest state-of-art fully automatic flight inspection system capable of inspecting.
· ILS up to Cat-III
· VOR (CVOR/DVOR)
· DME
· NDB
· VGSI (PAPI, VASI)
· RADAR (ASR/MSSR)
In addition to in house flight calibration of nav aids, AAI also undertakes flight calibration of nav aids for Air force, Navy, Coast Guard and other private Airfields in India.
AIRPORTS
AUTHORITY OF
ORGANIZATION
Subject 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.
Subject manages 125
airports, which include 11 International Airport, 08 Customs Airports, 81
Domestic Airports and 27 Civil Enclaves at Defense 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 tons [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 their
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 Domestic Airports and Civil Enclaves
·
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 INDIA TODAY:
Subject manages a total of 125 Airports, which include 11 International
Airports, 08 Customs Airports, 81 Domestic Airports and 25 Civil Enclaves at
Defence Airfields. AAI also provides Air Traffic Management Services (ATMS)
over entire Indian Air Space and adjoining oceanic areas with ground
installations at all Airports and 25 other locations to ensure safety of
Aircraft operations.
The Airports at Ahmedabad,
AAI 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 their 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 their 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 their '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
establishment’s 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
BUSINESS DESCRIPTION
Subject is an
India-based company that manages a total of 125 Airports, which include 11 International
Airports, 8 Customs Airports, 81 Domestic Airports and 25 Civil Enclaves at
Defence Airfields. AAI also provides Air Traffic Management Services (ATMS)
over entire Indian Air Space and adjoining oceanic areas with ground
installations at all Airports and 25 other locations to ensure safety of
Aircraft operations. In addition to in house flight calibration of nav aids,
AAI also undertakes flight calibration of nav aids for Air force, Navy, Coast
Guard and other private Airfields in India. It offers passenger facilities, air
navigation services, security and surveillance systems and aerodrome facilities
information technology implementation. Its services include airport planning,
construction, international projects, consultancy services, project consultancy
and contingency plan services. For the fiscal year ended 31 March 2010,
Airports Authority of India total revenue increased 10% to RS46.15B. Net income
increased 4% to RS7.12B. Revenue reflects an increase in route navigation
facilities charges, a higher landing fees, a rise in trading concessions and a
higher income from leasing of airports. Net income was partially offset by an
increase in pay & allowances and a higher operating expenses.
BOARD OF DIRECTORS
Mr. V.P. Agrawal
Mr. V.P. Agrawal serves as the Chairman of the Board of
Subject since 1st January 2009. He holds a degree in Master of Engineering
(Power Electronics and Electrical Drives) and Bachelor of Engineering
(Electrical) from IIT Roorkee. Before taking over Chairman AAI, he served as
Member (Planning) in subject for over 2 years. As Member (Planning), he was
associated with the challenging task of upgrading and creating world class
infrastructure at 35 non-metro airports, setting up of greenfield airports
besides modernisation of Chennai and Kolkata airports in India, provision of
state-of-the-art CNS / ATM Equipment and the prestigious GAGAN Project.
Earlier, he also served as Regional Executive Director, Northern Region and
North Eastern Region. During this tenure, he was responsible for ensuring
timely completion and execution of all projects. He was associated with
engineering site preparation works for ATC automation at Delhi Airport.
Mr. G.K. Chaukiyal
Mr. G.K. Chaukiyal serves as the Member - Operations,
Director of Subject. He took over the charge of Member (Operations) and Board
Member of Subject on 21.10.2010. He is Post Graduate in Engineering and Post
Graduate in Management (M. Tech in Management and Systems from IIT Delhi). He
was also awarded advance Diploma in Management Research by All India Management
Association. He comes with a wide range of experience having worked in various
capacities like Executive Director (Ops), Executive Director (Engg.), Executive
Director (Plg.) and Airport Director in AAI. During his tenure at AAI Corporate
office, he was involved in planning and implementation of almost all airport
infrastructure projects of subject. He has multifarious experience in Airport
Management, Aerodrome Planning, Operations, Project appraisal and feasibilities
studies, construction planning and management of airport and industrial
projects from concept to commissioning. He has also worked in Paro Bhutan as
Principal Consultant for Paro International Airport Development Project which
was funded by Ministry of External Affairs, Govt of India. He has also wide
experience of working in other PSUs like RITES and EPIL in India and Iraq. He
has completed various courses in Airport Management conducted by National
Institute of Aviation Management and Research (NIAMAR) New Delhi. He has
attended various international workshops and conferences on Aviation. He has
also represented subject in US-India Aviation Summit in Washington DC.
Mr. K.K. Jha
Mr. K.K. Jha serves as the Whole Time Director of Airports
Authority of India. He has done M.A. (1976) in Political Science (Gold Medal)
and also holds Post-Graduate Diploma (2007) in Industrial Relations and
Personnel Management (first division). He taught at the Banaras Hindu
University for three years before joining the Indian Revenue Service in 1979.
Besides serving at various levels (last being that of Commissioner of Income
Tax) in the Department of Income-Tax, he also possesses working experience in
the Central Secretariat Under Secretary in the Department of Culture (1987-89),
Deputy Secretary in the Ministry of Commerce (1989-91) and Director in the
Ministry of Personnel and Training (1995-2001), the last being the policy
formulating desk concerned with recruitment, promotion and seniority issues
pertaining to the Central Government employees. Besides these, a number of
recommendations of the Fifth Central Pay Commission were also processed by him.
Prior to his present assignment, he has served as the Chief Vigilance Officer
of MMTC Limited (2004-2008), a public sector undertaking under the Ministry of
Commerce, Government of India. He has undergone various training courses in
U.S.A., Japan and U.K.. He has also attended the prestigious one year training
course in 2004 at the National Defence College, New Delhi. In keeping with his
keen academic interest, he has written / compiled a number of reports,
articles, manuals etc. on variety of issues concerning tax and personnel
administration. His book on International Double Taxation Avoidance Treaty:
Concepts and Issues (1995) was published by the Income Tax Department for
internal guidance.
Mr. Sudhir Raheja
Mr. Sudhir Raheja serves as the Member - Planning, Director of Subject. He was earlier Executive Director (Engineering) of AAI and was instrumental for Development and up gradation of infrastructure projects at airports in Northern, North East and Eastern India including construction of new Greenfield airport at Gangtok, Sikkim. He was also associated with the first expansion programme of development and modernisation of 12 domestic airports as Model Airports. A Civil Engineering graduate from Delhi College of Engineering Mr. Raheja has completed professional courses in Seismic Design of Reinforced Concrete Buildings conducted by IIT, Kanpur and Airport Management from International Aviation Management Training Institute Montreal, Canada. He worked in Vigilance department as GM (Vig) and brought in transparency in various activities related to public dealing in AAI. He is a certified Fraud Examiner under accredition from Association of Certified Examiners, Texas, USA. He has project implementation experience. He was conferred with Certificate of Merit in 1982 for timely completion of ASIAD - 82 Indoor Stadium, Delhi and was given Commendation Certificate for excellence and timely completion of Maruti Udyog Limited Factory. He was also the driving force in formulation of Annual Maintenance Term Contract and Pavement Management System, documents adopted at all airports in subject.
Mr. V. Somasundaram
Mr. V. Somasundaram serves as the Member - ANS and Addl.
Charge Member - Finance, Director of Subject. Mr. Somasundaram, on selection
through UPSC in the year 1985, started his career as Aerodrome Officer, direct
entry Class I officer, in Civil Aviation Department, and joined at Mumbai
airport which is the busiest airport in India. He was absorbed in the newly
created National Airports Authority in 1989 and subsequently in Airports
Authority of India in 1995. He has held all ATC ratings in Non-radar and radar
units viz.. Aerodrome Control, Approach Control, Approach Radar (TAR), Area
(En-route) Control, (Procedure), En-route radar (RSR) and performed active ATC
duties in all units. He had also performed ATC Watch supervisory functions for
the entire ATC operations at various ATS units in Mumbai airport and also
served as ATC Instructor, imparting On the Job training to new controllers in
both Radar and non-radar units. In 1995, he was selected for Project Management
of India’s first ATC modernization programme which was popularly named as
MATS-BD (Modernisation of ATS at Bombay and Delhi). As a project management
executive, actively involved and participated in system design, development of
software application, HMI, Data Base Management System (DBMS) with the system
supplier M/s Raytheon, USA [MATS/BD]. He was associated with Raytheon software
development team at Raytheon facility at Marlboro. He has worked as System
Administrator and Data Base Manager of the Mumbai ATC Automation system He has
also imparted training to other controllers in new ATS automation system
(Raytheon system), first in India, prior to commissioning the new system.
PRESS RELEASE
RAIPUR'S AIRPORT
RENAMED AS SWAMI VIVEKANAND
30 January 2012
NEW DELHI, Jan. 30
-- The Union Cabinet has approved the renaming of the Mana Airport at Raipur as
Swami Vivekanand Airport, Raipur. This will fulfill the long pending demand of
Chhattisgarh residents as well as the state government. The Raipur Airport
belongs to Airports Authority of India (AAI) and is suitable for operation of
A320 type of aircraft. Currently, approximately 85 domestic flights per week
operate to and from Raipur Airport.
SECURITY EXPERTS TO
DISCUSS TERROR THREATS TO AVIATION SECTOR
29
January 2012
New Delhi, January 29 2012 (PTI) -- With the aviation sector being under a perpetual terror threat, aviation and security experts will hold a meeting here on Tuesday to analyse challenges faced by the industry and suggest corrective measures.
The huge growth in air travel has made every airport a potential terror target, with over 600 million people flying each year across the globe and millions of bags that go along with them.
A day-long conference, being organised by Aviation Watch, would have experts from the aviation sector, security and related agencies discussing the potential threats.
Representatives of companies, which produce high-tech security equipment, technologies and software capable of securing the airports, would also be present.
Former Civil Aviation Secretary Ajay Prasad, former chief of Bureau of Civil Aviation Security S R Mehra, Airports Authority of India Chairman V P Agarwal and chiefs of security of Indian carriers would participate in the conference.
The conference would provide stakeholders the opportunity to explore various security equipment and technologies that enhance safety at airports without causing undue inconvenience to passengers, the organisers said. PTI ARC EKA SPC 01291030
'AAI UNABLE TO
DEFER HIKE IN CHARGES'
28
January 2012
NEW DELHI: Airports Authority of India (AAI) can no longer put off increasing landing and parking charges for airlines, a senior official said. "Airlines are in a very bad shape with Air India and Kingfisher running up huge dues that they are unable to pay. We were avoiding seeking a hike in airport charges, but now it has become unavoidable for us as AAI has been augmenting infrastructure in the form of new terminals and runways across the country. We need at least a 200% hike and will move Airport Economic Regulatory Authority (AERA) soon," he said.
Airlines and other industry stakeholders are opposing the hike in airport charges. They are also opposing the steep new levy called user development fee that DIAL wants to charge from passengers from April. Some airlines have announced withdrawal of flights from Delhi and others have threatened to do so as an over-threefold hike has already been approved for IGI Airport from April.
The International Air Transport Association (IATA), for instance, pointed out at a recent AERA meet to discuss the proposed hike at Delhi airport that IGI would have the highest (user) charges in the world if the 334% hike comes through. It called for a review of the agreement under which DIAL shares 46% of its revenue with AAI. Both foreign airlines and desi ones like Air India, IndiGo and SpiceJet opposed the hike, with SpiceJet's senior VP Kamal Hingorani claiming such a move could even lead to "closure of some airlines".
Airport developers, on their part, point out that landing and parking charges have been the same for a decade, barring a 10% hike in 2009. "Airport charges are archaic given the way infrastructure has been created. They have not even kept pace with inflation. The hike we have proposed will lead to a maximum of half per cent increase in airline's cost incurred on airports as proportion of their total expenditure," a said DIAL official.
FOR SUSTAINABLE
WUSHU IN INDIA - CATCH THEM YOUNG
28th January 2012, New Delhi
Three days Wushu
Championship has been organized by Delhi Amateur Wushu Association at Talkatora
Indoor Stadium, New Delhi. The inauguration ceremony for the event was presided
over by Mr. VP Agrawal, Chairman, Airports Authority of India and President,
All India Public Sector Sports Control Board.
The championship
involves more than 500 players in senior, junior and sub-junior categories and
participation by 20 teams in the championship. Many international players will
also be performing their skills in this championship, key sportsman being Asian
Games Medalist Bimoljit Singh, World
Junior Silver
medal winner Gulshal and last year's best player Sajan Lama.
Mr. Desh Deepak
Verma, IAS, Director General, Sports Authority of India while declaring the
games open, appreciated the initiatives taken by Mr. VP Agrawal, particularly
in promoting the neglected sports and bringing them in public domain by giving
due support by the Public Sector. He also mentioned that the country needs such
dynamic leaders both in the corporate world as well as the sports arena to keep
the sports activities in the frontline.
Speaking on the
occasion, Mr. V P Agrawal highlighted the concept that he belongs to the school
which not only subscribes but also encourages participation in sports, especially
in the adolescent age for it not only inculcates sense of discipline and
camaraderie, which in turn contributes to a great extent the development of
good character amongst children and it finally gets manifested in one becoming
a good citizen. As such, he mentioned that "Catch them young is very apt
for sports activities".
He further
highlighted the popularity of this event and opined that it is time that the
AIPSSCB takes the initiative and promote the event in the Public Sector
Undertakings too. In his capacity as President, AIPSSCB, he will welcome
proposals for promotion of such sports from PSUs and he also mentioned that
children should visit the AAI Website which gives full details about sports
promotion activities supported by AAI.
To sum up, he
wished the organizers, participating children and other dignitaries all the
best and enjoy the Wushu.
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.48.68 |
|
|
1 |
Rs.76.75 |
|
Euro |
1 |
Rs.63.57 |
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.