MIRA INFORM REPORT

 

 

Report Date :

29.05.2012

 

IDENTIFICATION DETAILS

 

Name :

GMR MALE' INT'L AIRPORT PVT LTD

 

 

Registered Office :

Administration Bldg Ibrahim Nasir Int'l Airport, Hulhule 22000

 

 

Country :

Maldives

 

 

Date of Incorporation :

09.08.2010

 

 

Legal Form :

Private Limited

 

 

Line of Business :

Airport ground handling, Airport maintenance, Airport terminal services etc

 

 

No. of Employees :

1,200

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate 

 

 

Payment Behaviour :

Unknown 

 

 

Litigation :

Clear

 

 

 

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 – March 31st, 2012

 

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

Maldives

C1

C1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

REGISTERED NAME & COMPANY SUMMARY

 

Company Details

Organization Name

:

GMR MALE' INT'L AIRPORT PVT LTD

Address

:

Administration Bldg Ibrahim Nasir Int'l Airport, Hulhule 22000

Country

:

Maldives

Phone (S)

:

[+960]-3322076

Facsimile

:

[+960]-3333560

Email

:

info@gmrgroup.mv

Website

:

http://www.maldivesairport.aero

Primary Business Activity

 

:

Service

Key Industry

:

Professional Services

Key Facts

Registered Legal Address

:

Administration Bldg Ibrahim Nasir Int'l Airport, Hulhule 22000

Operational Address

:

Administration Bldg Ibrahim Nasir Int'l Airport, Hulhule 22000

Trading Name

:

IBRAHIM NASIR INT'L AIRPORT
MALE' INT'L AIRPORT

Issuing Authority

:

Ministry of Economic Development - National

License Number

:

C-0490/2010

License Status

:

License exists - Normal.

Legal Form - Category

:

Private Company with Limited Liability

Legal Form

:

Private Limited

Legal Form - Abbreviation

:

PVT LTD

Operational Status of Business

:

Normal

Date of Registration

:

9 Aug, 2010

Employees

:

1,200

Capital

:

n/a(1)

Note

:

(1) Not applicable.
According to the corporate statutory laws for this type of Legal Form - Category(Private Company with Limited Liability) in Maldives, there is no requirement for Authorized Capital.

Report Details

 

Country

:

Maldives

 

Business Entity Name

:

GMR MALE' INT'L AIRPORT PVT LTD

 

Acronym

:

GMIAL

 

Primary Business Activity

:

Service

 

Primary Industry

:

Professional Services

 

Office Contact Details

 

Operating Address

:

Administration Bldg Ibrahim Nasir Int'l Airport, Hulhule 22000

 

Tel

:

[+960]-3322076

 

 

:

[+960]-3327321

 

 

:

[+960]-3322074

 

 

:

[+960]-3313256

 

 

:

[+960]-3315366

 

Mobile

:

[+960]-7775513

 

 

:

[+960]-7785366

 

Fax

:

[+960]-3333560

 

 

:

[+960]-3325512

 

 

:

[+960]-3304844

 

 

:

[+960]-3321339

 

 

:

[+960]-3328376

 

Email

:

info@gmrgroup.mv
fuel@gmrgroup.mv
ramp@gmrgroup.mv
dutymanager@gmrgroup.mv
flightinfo@gmrgroup.mv
lostnfound@gmrgroup.mv
advertising@gmrgroup.mv

 

Website Details

 

Website

:

http://www.maldivesairport.aero

 

Status

:

Normal - operational

 

Country of Registration

:

Maldives

 

Ownership Type

:

Registered ownership by Subject Business Entity

DIRECTORS/MANAGEMENT

 

Key Person

Legal Title

:

Chief Executive Officer - CEO

Name

:

Mr. Andrew A. Harrison

Nationality

:

Maldivian

 

COMPANY MANAGEMENT

Management Listings

 

Name

Nationality

Job Description

Dept. / Division

1

Ms. Nuha Aleem

Maldivian

Secretary

-

2

Mr. Hassan Areef

Maldivian

Manager

Marketing

3

Mr. Mohd Fauzi Bin Ahmad

Maldivian

Chief Operating Officer - COO

-

4

Ms. Mahika W. Chandrasena

Maldivian

Manager

Communications

5

Mr. Mahmud Fauzikadir

Maldivian

Chief Operating Officer - COO

-

6

Mr. Prasad Gopalan

Maldivian

Chief Officer

Commercial

7

Ms. Quraisha Ismail

Maldivian

Manager

-

8

Ms. Ramyamanasa Kada

Maldivian

Manager

Advertising

9

Mr. Ravi Kumar C.

Maldivian

Manager

Human Resources

10

Mr. Abraham K. Maliakal

Maldivian

Chief Information Officer

-

11

Mr. Subash Murikenchery

Maldivian

Department Head

-

12

Mr. T. S. S. V L Narayana

Maldivian

Chief Financial Officer - CFO

-

13

Mr. Mohamed Solih

Maldivian

Manager

-

Management Details - 1

Personal Unique Identifier

:

MI03101031

Name

:

Ms. Nuha Aleem

 

 

Management Details - 2

Personal Unique Identifier

:

MI03039290

Name

:

Mr. Hassan Areef

 

Email

:

hassan.areef@gmrgroup.mv

 

Management Details - 3

Personal Unique Identifier

:

MI03138143

Name

:

Mr. Mohd Fauzi Bin Ahmad

 

 

Management Details - 4

Personal Unique Identifier

:

MI03044090

Name

:

Ms. Mahika W. Chandrasena

 

 

Management Details - 5

Personal Unique Identifier

:

MI03044087

Name

:

Mr. Mahmud Fauzikadir

 

 

Management Details - 6

Personal Unique Identifier

:

MI03044083

Name

:

Mr. Prasad Gopalan

 

 

Management Details - 7

Personal Unique Identifier

:

MI03044097

Name

:

Ms. Quraisha Ismail

 

 

Management Details - 8

Personal Unique Identifier

:

MI03039294

Name

:

Ms. Ramyamanasa Kada

 

 

Management Details - 9

Personal Unique Identifier

:

MI03044099

Name

:

Mr. Ravi Kumar C.

 

 

Management Details - 10

Personal Unique Identifier

:

MI03138146

Name

:

Mr. Abraham K. Maliakal

 

 

Management Details - 11

Personal Unique Identifier

:

MI03044086

Name

:

Mr. Subash Murikenchery

 

 

Management Details - 12

Personal Unique Identifier

:

MI03044080

Name

:

Mr. T. S. S. V L Narayana

 

 

Management Details - 13

Personal Unique Identifier

:

MI03044094

Name

:

Mr. Mohamed Solih

 

 

 

COMPANY DIRECTORS

1

 

 

Personal Unique Identifier

:

MI03044042

Name

:

Dato Abdul Hamid Mohd Ali

Nationality

:

Malaysian

2

 

 

Personal Unique Identifier

:

MI03044077

Name

:

Mr. Andrew A. Harrison

Nationality

:

Maldivian

3

 

 

Personal Unique Identifier

:

MI03044027

Name

:

Mr. G. M. Rao

Date of Birth

:

14 Jul, 1950

Nationality

:

Maldivian

4

 

 

Personal Unique Identifier

:

MI03044030

Name

:

Mr. Kiran Kumar Grandhi

Nationality

:

Indian

5

 

 

Personal Unique Identifier

:

MI03044036

Name

:

Mr. P. S. Nair

Nationality

:

Maldivian

6

 

 

Personal Unique Identifier

:

MI03044032

Name

:

Mr. P. Sripathy

Nationality

:

Indian

7

 

 

Personal Unique Identifier

:

MI03044039

Name

:

Mr. R. S. S. L N. Bhaskarudu

Nationality

:

Maldivian

8

 

 

Personal Unique Identifier

:

MI03044035

Name

:

Mr. Sidharath Kapur

Nationality

:

Indian

9

 

 

Personal Unique Identifier

:

MI03138134

Name

:

Mr. Srinivas Bommidala

Nationality

:

Maldivian

10

 

 

Personal Unique Identifier

:

MI03044034

Name

:

Tan Sri Bashir Ahmad Bin Abdul Majid

Nationality

:

Malaysian

 

Based on corporate statutory laws /regulations in Maldives, there is no requirement for public disclosure of Director. In this case, the Director information was supplied by the Subject Business Entity.
However in the absence of data normally obtained from local Statutory Authorities, it is not possible to verify the accuracy of data supplied and hence is provided as reference ONLY.

 

 

NEGATIVE INFORMATION

 

REPUTATION

Due to the recent incorporation of the GMR MALE' INT'L AIRPORT PVT LTD, and the relatively small nature of its business, no meaningful points of reference in terms of reputation within the respective industry was possible.

ADVERSE DATA MONITORING

 

 

DISHONORED CHECKS

 

No Record Found

 

 

DEBT

 

No Record Found

 

 

LITIGATION

 

No Record Found

 

 

PERFORMANCE DEFAULTS

 

No Record Found

 

 

ADVERSE LOCAL MEDIA COVERAGE / ADVERSE FILING HISTORY

 

No Record Found

 

 

 

 

SHARE & SHARE CAPITAL INFORMATION

 

SHAREHOLDERS

Total number of shareholders

:

2

Total number of shares

:

n/a

 

Currency

:

MVR - Maldives Rufiyaa

 

No.

Shareholders

Country

Shares

Number

Amount (MVR)

%

1

GMR INFRASTRUCTURE (MAURITIUS) LTD

Mauritius

n/a

n/a

77.00

2

MALAYSIA AIRPORTS HOLDINGS BHD

Malaysia

n/a

n/a

23.00

Total

n/a

n/a

100.00

 

 

Based on corporate statutory laws /regulations in Maldives, there is no requirement for public disclosure of Shareholders. In this case, the Shareholder information was supplied by the Subject Business Entity.
However in the absence of data normally obtained from local Statutory Authorities, it is not possible to verify the accuracy of data supplied and hence is provided as reference ONLY.

 

 

PAYMENT INFORMATION

 

Na

 

 

GROUP STRUCTURE & AFFILIATED COMPANIES

 

DIRECT / INDIRECT CORPORATE PARENT DETAILS

Direct Parent

:

GMR INFRASTRUCTURE (MAURITIUS) LTD

Global Identifier

:

P1995420

Country

:

Mauritius

Indirect Parent

:

GMR INFRASTRUCTURE LTD

Global Identifier

:

P0396063

License Number

:

L45203KA1996PLC034805

Country

:

India

 

ASSOCIATIONS

Global Associations

Association Name

INTERNATIONAL AIR TRANSPORT ASSOCIATION, THE - IATA

 

FINANCIAL INFORMATION

 

FINANCIAL STATEMENT - DETAILED

Based on the corporate laws of Maldives, legal entities which are Private Company with Limited Liability are not required to make public disclosure of their annual financials. Therefore no financials are available for this entity.

 

 

FOREIGN EXCHANGE RATES

 

Today's Exchange rate

:

1.00 MVR
Maldives Rufiyaa

=

0.065445 USD
United States Dollars

 

 

ADDITIONAL INFORMATION

 

Primary Products

Products / Materials / Services Description

Activity

 

Airport administration / operator

Service

 

Airport development

Service

 

Airport ground handling

Service

 

Airport maintenance

Service

 

Airport terminal services

Service

 

 

SIC PRODUCT CLASSIFICATION & ACTIVITY

 

 

Product/Service Description

Code

Activity

Airports/Terminal Svcs

4581

Service

 

 

HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY

 

 

Product/Service Description

Code

Activity

Business services, health, financial/insur. legal/real estate, hotels, and misc repairs

9900

Service

 

 

CORE BUSINESS DESCRIPTION

 

Core Business

 

The primary business focus of GMR MALE' INT'L AIRPORT PVT LTD is Specialized professional services, including:

  • Airport administration / operator
  • Airport terminal services

 

 

DOMESTIC SALES & PURCHASES

 

 

Annual Sales Analysis

Percentage

Domestic Sales

100%

 

 

OTHER LICENSES

 

 

Issuing Authority

:

Ministry of Economic Development

License Number

:

TM-2011/0030

Date of Issuance

:

Feb, 2011

 

 

OFFICE & FACILITIES

 

 

Name

:

GMR MALE' INT'L AIRPORT PVT LTD - HULHULE

Address

:

Administration Bldg Ibrahim Nasir Int'l Airport, Hulhule 22000

Country

:

Maldives

Status

:

Operational

 

 

COMPANY HISTORY

 

 

Date

Details

2010 - Nov

Officially handed over the aerodrome license of the Male International Airport to GMR MALE' INT'L AIRPORT PVT LTD.

2011 - Jul

Male International Airport was officially renamed as Ibrahim Nasir International Airport.

 

 

STRATEGIC PARTNER/S & ALLIANCES

 

 

Group / Alliance name

:

GMR GROUP

 

 

NOTES & COMMENTS

 

Na

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.55.26

UK Pound

1

Rs.86.80

Euro

1

Rs.69.63

 

 

INFORMATION DETAILS

 

Report Prepared by :

PDT

 

 

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 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%)

 

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.