1. Summary Information
|
|
|
Country |
India |
|
Company Name |
MINISTRY OF
RAILWAYS |
Principal Name 1 |
Mr. Pawan Kumar Bansal |
|
Status |
Excellent |
Principal Name 2 |
Mr. Vinay Mittal |
|
|
|
Registration # |
-- |
|
Street Address |
Ministry
of Railways, Rail Mantralaya, New Delhi – 110001, India |
||
|
Established Date |
1853 |
SIC Code |
-- |
|
Telephone# |
91-11-23315826/ 23381213/
23386645/ 23303768 |
Business Style 1 |
Premier Transport Organisation of the Country |
|
Fax # |
91-11-23310724/ 23382637 |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
-- |
|
|
# of employees |
1305701 (Approximately) |
Product Name 2 |
-- |
|
Paid up capital |
1,305,930,800,000
/- |
Product Name 3 |
-- |
|
Shareholders |
-- |
Banking |
-- |
|
Public Limited Corp. |
No |
Business Period |
160 Year |
|
IPO |
No |
International Ins. |
-- |
|
Public |
No |
Rating |
Aa (81) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
-- |
-- |
-- |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
39,405,900,000 |
Current Liabilities |
39,405,900,000 |
|
Inventories |
51,772,700,000 |
Investment Financed from |
1,273,652,700,000 |
|
Fixed Assets |
2,400,992,100,000 |
Deposits |
321,813,400,000 |
|
Investment in other undertakings |
126,818,700,000 |
Total Liabilities |
1,634,872,000,000 |
|
Funds lying with Central Government |
339,522,500,000 |
Retained Earnings |
17,709,100,000 |
|
|
|
Net Worth |
1,323,639,900,000 |
|
Total Assets |
2,958,511,900,000 |
Total Liab. & Equity |
2,958,511,900,000 |
|
Total Assets (Previous Year) |
2,664,336,300,000 |
|
|
|
P/L Statement as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Sales |
-- |
Net Profit |
-- |
|
Sales(Previous yr) |
-- |
Net Profit(Prev.yr) |
-- |
|
Report Date : |
02.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
MINISTRY OF RAILWAYS |
|
|
|
|
Registered
Office : |
Ministry of Railways, Rail Mantralaya, New Delhi – 110001 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Year of Establishment : |
1853 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.1305930.800 Millions |
|
|
|
|
Legal Form : |
Owned by Government of India |
|
|
|
|
Line of Business
: |
Premier Transport Organisation of the Country |
|
|
|
|
No. of Employees
: |
1305701 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Aa (81) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
USD |
|
|
|
|
Status : |
Excellent |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Exist |
|
|
|
|
Comments : |
The Indian Railways have made a beginning on 16.04.1853
and the first railway on Indian sub—continent ran over a stretch of 21 miles
from Indian Railways, the premier transport organisation of the
country is the largest rail network in Asia and the world’s second largest
under one management. Indian Railways are functioning under the Ministry of
Railways, Government of India having its head quarters in New Delhi. It
enjoys comfortable financial risk profile. Trade relations are trustworthy. Business is active.
Payment terms are regular and as per commitment. Subject is a Government of India organisation and it can
be considered good for any sort business dealings whether small, medium or large
scale. |
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, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
India is developing into an open-market economy, yet traces
of its past autarkic policies remain. Economic liberalization, including industrial
deregulation, privatization of state-owned enterprises, and reduced controls on
foreign trade and investment, began in the early 1990s and has served to
accelerate the country’s growth, which has averaged more than 7% per year since
1997. India’s diverse economy encompasses traditional village farming, modern
agriculture, handicrafts, a wide range of modern industries, and a multitude of
services. Slightly more than half of the work force is in agriculture, but
services are the major source of economic growth, accounting for more than half
of India’s output, with only one-third of its labor force. India has
capitalized on its large educated English-speaking population to become a major
exporter of information technology services and software workers. In 2010, the
Indian economy rebounded robustly from the global financial crisis – in large
part because of strong domestic demand – and growth exceeded 8% year-on-year in
real terms. However, India’s economic growth in 2011 slowed because of persistently
high inflation and interest rates and little progress on economic reforms. High
international crude prices have exacerbated the government’s fuel subsidy
expenditures contributing to a higher fiscal deficit, and a worsening current
account deficit. Little economic reform took place in 2011 largely due to
corruption scandals that have slowed legislative work. India’s medium-term
growth outlook is positive due to a young population and corresponding low
dependency ratio, healthy savings and investment rates, and increasing
integration into the global economy. India has many long-term challenges that
it has not yet fully addressed, including widespread poverty, inadequate
physical and social infrastructure, limited non-agricultural employment
opportunities, scarce access to quality basic and higher education, and
accommodating rural-to-urban migration.
|
Source
: CIA |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
INFORMATION DECLINED BY
Management Non Co-operative (91-11-23385227 / 23384010)
LOCATIONS
|
Registered Office : |
Ministry of Railways, Rail
Mantralaya, New Delhi-110 001, |
|
Tel. No.: |
91-11-23315826/ 23381213/
23386645/ 23303768 |
|
Fax No.: |
91-11-23310724/ 23382637 |
|
Website : |
MEMBERS OF
RAILWAY BOARD
|
Name : |
Mr. Pawan Kumar Bansal |
|
Designation : |
Minister for Railways |
|
|
|
|
Name : |
Kotla Jaya Surya Prakash Reddy |
|
Designation : |
Ministers of State for Railways |
|
|
|
|
Name : |
Mr. Vinay Mittal |
|
Designation : |
Chairman |
|
|
|
|
Name : |
Smt. Vijaya Kanth |
|
Designation : |
Financial Commissioner |
|
|
|
|
Name : |
Kul Bhushan |
|
Designation : |
Member Electrical |
|
|
|
|
Name : |
A. P. Mishra |
|
Designation : |
Member Engineering |
|
|
|
|
Name : |
Keshav Chandra |
|
Designation : |
Member Mechanical |
|
|
|
|
Name : |
A. K. Vohra |
|
Designation : |
Member Staff |
|
|
|
|
Name : |
K. K. Srivastava |
|
Designation : |
Member Traffic |
|
|
|
|
Name : |
H. K. Jaggi |
|
Designation : |
Secretary |
|
|
|
|
Name : |
Dr. V. K. Ramteke |
|
Designation : |
Railway Health Services |
|
|
|
|
Name : |
P. K. Mehta |
|
Designation : |
Railway Protection Force |
GENERAL MANAGERS / EDs / DIRECTORS OF RAILWAY UNITS
|
RAILWAY
UNIT |
GM/CAO/DIR (AS
ON) |
|
|
|
|
Central |
Mr. S K Jain |
|
Eastern |
Mr. G C Agarwal |
|
Northern |
Mr. V K Gupta |
|
North Eastern |
Mr. K K Atal |
|
N F |
Mr. R S Virdi |
|
N F (Cons.) |
Mr. R K Singh |
|
Southern |
Mr. Rakesh Mishra |
|
South Central |
Mr. A K Mittal (L/A) |
|
South Eastern |
Mr. A K Verma |
|
Western |
Mr. Mahesh Kumar |
|
Clw |
Mr. Radhey Shyam |
|
Dlw |
Mr. B P Khare |
|
Icf |
Mr. Abhay Kumar Khanna |
|
Rcf |
Mr. B N Rajasekhar |
|
Rail Wheel Factory |
Mr. Rajeev Bhargava |
|
Core / Ald |
Mr. Jagdev Kalia |
|
Metro / Kolkata |
Mr. Radhey Shyam (L/A) |
|
Rdso / Lko |
Mr. V Ramachandran |
|
Nair / Vadodara |
Mr. Mahesh Kumar (L/A) |
|
East Central |
Mr. Madhuresh Kumar |
|
East Coast |
Mr. Indra Ghosh |
|
North Central |
Mr. Alok Johri |
|
North Western |
Mr. R C Agarwal |
|
South East Central |
Mr. Arunendra Kumar |
|
South Western |
Mr. A K Mittal |
|
West Central |
Mr. S V Arya |
|
Cofmow (Cao/R) |
Mr. P K Agarwal Hag |
|
D M W (Cao/R) |
Mr. A K Kansal Hag |
|
Irieen / Nasik |
Mr. M K Jain, Hag |
|
Irimee / Jamalpur |
Mr. B L Raikwar, Hag |
|
Iricen / Pune |
Mr. C P Tayal, Hag |
|
Iriset / Sec. |
Mr. Satyendra Kumar, Hag |
|
Iritm / Lko |
Ms. Ashima Singh, Hag |
|
Camtech /Gwalior |
A R Tupe, Ed / Sag |
|
South Central |
G. N. Asthana |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
NOT AVAILABLE
BUSINESS DETAILS
|
Line of Business : |
Premier Transport Organisation of the Country |
GENERAL INFORMATION
|
No. of Employees : |
1305701 (Approximately) |
|
|
|
|
Bankers : |
Not Available |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
Not Available |
CAPITAL STRUCTURE
As on 31.03.2012
Loan Capital : Rs.1305930.800
Millions
FINANCIAL DATA
[all figures are
in Rupees Millions]
BALANCE SHEET (PROVISIONAL)
|
SOURCES OF FUNDS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
SHAREHOLDERS FUNDS |
|
|
|
|
A. Loan Capital |
|
|
|
|
(advanced by General Exchequer) (Supporting statement V(a)) # |
1305930.800 |
1116144.000 |
937797.100 |
|
|
|
|
|
|
B. Investment
Financed from |
|
|
|
|
Railway Capital Fund |
386759.300 |
386759.300 |
353460.500 |
|
Depreciation Reserve Fund |
426614.200 |
388666.100 |
354596.900 |
|
Development Fund |
224280.600 |
202238.200 |
176688.700 |
|
Railway Safety Fund |
56671.200 |
43437.700 |
32434.800 |
|
Special Railway Safety Fund |
157560.500 |
157560.500 |
157560.600 |
|
Revenue |
11967.400 |
11662.900 |
11305.00 |
|
Miscellaneous other sources ## |
9799.500 |
9683.800 |
9310.100 |
|
|
1273652.700 |
1200008.500 |
1095356.600 |
|
C. Reserves |
|
|
|
|
Depreciation Reserve Fund |
50.400 |
188.900 |
49.900 |
|
Development Fund |
47.300 |
(12133.400) |
54.300 |
|
Pension Fund |
65.200 |
53.300 |
12.400 |
|
Railway Capital Fund |
(4015.300) |
(8857.100) |
24382.000 |
|
Railway Safety Fund |
21561.500 |
24173.400 |
25822.000 |
|
Special Railway Safety Fund |
0.000 |
0.000 |
0.000 |
|
|
17709.100 |
3425.100 |
50320.600 |
|
D. Deposits |
|
|
|
|
(i) State Railway Provident Fund |
242644.300 |
219653.300 |
195531.500 |
|
(ii) Miscellaneous Deposits |
76824.500 |
86051.400 |
74941.300 |
|
(iii) F. Loan & Advances |
2344.600 |
2856.200 |
3323.700 |
|
|
321813.400 |
308560.900 |
273796.500 |
|
E. Current
Liabilities |
|
|
|
|
(i) Undischarged (Demands payable) |
24280.700 |
21235.600 |
18323.400 |
|
(ii) Outstanding dues payable to other Government Departments |
15125.200 |
14962.200 |
13551.300 |
|
|
39405.900 |
36197.800 |
31874.700 |
|
|
|
|
|
|
TOTAL |
2958511.900 |
2664336.300 |
2389145.500 |
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
F. Block Assets |
|
|
|
|
(i) Fixed Assets |
|
|
|
|
Land |
60783.300 |
48333.000 |
42506.500 |
|
Buildings and track |
1460746.700 |
1338137.300 |
1156675.100 |
|
Rolling stock |
533759.400 |
471952.700 |
400554.400 |
|
Plant and equipment |
345702.700 |
327721.800 |
291020.500 |
|
Miscellaneous assets |
0.000 |
0.000 |
0.000 |
|
|
2400992.100 |
2186144.800 |
1890756.500 |
|
|
|
|
|
|
(ii) Investments |
|
|
|
|
Inventory |
28668.300 |
28440.200 |
29196.300 |
|
Works in progress (Workshops manufacture) |
43717.100 |
9406.600 |
10504.800 |
|
Miscellaneous Advance (Capital) |
(20612.700) |
8166.800 |
40314.100 |
|
|
51772.700 |
46013.600 |
80015.200 |
|
|
|
|
|
|
(iii) Investment in
other undertakings |
|
|
|
|
Shares in road transport undertakings |
0.000 |
0.000 |
0.000 |
|
Other Government undertakings |
126818.700 |
83994.100 |
62382.000 |
|
|
126818.700 |
83994.100 |
62382.000 |
|
Total Block Assets |
2579583.500 |
2316152.500 |
2033153.700 |
|
|
|
|
|
|
G. Funds lying with
Central Government |
|
|
|
|
(Contra-items C and D) |
339522.500 |
311986.000 |
324117.100 |
|
|
|
|
|
|
H. Current Assets |
|
|
|
|
Sundry debtors |
14621.100 |
12805.300 |
9298.300 |
|
Outstanding dues from other Government Departments |
956.000 |
1225.800 |
778.400 |
|
Outstanding traffic earnings |
12152.700 |
11704.100 |
11511.100 |
|
Cash in hand |
9818.500 |
8588.300 |
8117.900 |
|
Demands recoverable |
1857.600 |
1874.300 |
2169.000 |
|
Net Current Assets |
39405.900
|
36197.800 |
31874.700 |
|
|
|
|
|
|
TOTAL |
2958511.900 |
2664336.300 |
2389145.500 |
Note:
# Excludes Rs.74736.000 Millions of MTPs, Rs.4805.900 Millions of Circular Railways and Rs.119540.000 Millions Appropriation to SRSF and includes Rs.78210.400 Millions of Udhampur-Srinagar/Baramula project (National Investment).
## Net liability to end of March 2012 includes Rs.80.100 Millions and Rs.2024.800 Millions recoverable from Pakistan and Bangladesh Railways respectively
CONSOLIDATED PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
|
|
|
|
|
Gross Traffic Receipts Ordinary Working Expenses |
1041103.600 |
945356.300 |
869639.700 |
|
|
|
|
|
|
|
|
(including Payment to Worked Lines) Contribution to Reserve Funds |
745374.100 |
681392.200 |
658103.500 |
|
|
(Depreciation Reserve Fund and Pension Fund) |
241300.000 |
213350.000 |
171050.000 |
|
|
Total Working
Expenses |
986674.100 |
894742.200 |
829153.500 |
|
|
|
|
|
|
|
|
Net Traffic Receipts (Operating Profit) |
54429.500 |
50614.100 |
40486.200 |
|
|
Miscellaneous Transactions (Net) |
13386.500 |
12847.300 |
14954.700 |
|
|
Net Revenue (Gross
Profit) |
67816.000 |
63461.400 |
55440.900 |
|
|
|
|
|
|
|
Less |
Dividend and other Payments to General Revenues |
56560.300 |
49412.500 |
55433.400 |
|
|
Payment to Deferred Dividend Liability |
0.000 |
0.000 |
0.000 |
|
|
|
56560.300 |
49412.500 |
55433.400 |
|
|
|
|
|
|
|
|
Excess
(+)/Shortfall (–) |
11255.700 |
14048.900 |
7.500 |
Note:
* The excess was appropriated to Development fund
** The excess was appropriated to Development Fund and Capital Fund
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info
Agents |
Available in Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
No |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact person |
No |
|
11] |
Turnover of firm for last three years |
No |
|
12] |
Profitability for last three years |
No |
|
13] |
Reasons for variation <> 20% |
---------------------- |
|
14] |
Estimation for coming financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details (if applicable) |
No |
|
21] |
Market information |
---------------------- |
|
22] |
Litigations that the firm / promoter involved in |
Yes |
|
23] |
Banking Details |
No |
|
24] |
Banking facility details |
No |
|
25] |
Conduct of the banking account |
---------------------- |
|
26] |
Buyer visit details |
---------------------- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if applicable |
No |
|
29] |
Last accounts filed at ROC |
No |
|
30] |
Major Shareholders, if available |
No |
|
31] |
Date of Birth of Proprietor/Partner/Director, if available |
No |
|
32] |
PAN of Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
No |
DETAILS OF
LITIGATIONS
IN THE HIGH COURT OF
DELHI AT NEW DELHI
W.P.(C) 13843/2009
M/S SHREE BALAJI PAPER IMPEX..... Petitioner
Through: Mr. TPS Kay and Mr. Amitesh Gaurav, Advocate
Versus
MINISTRY OF RAILWAYS
THR SECRETARY
and ANR ..... Respondents
Through: Mr. Arun Kumar, Adv. for R-2
CORAM:
HON'BLE MR. JUSTICE RAJIV SHAKDHER
ORDER
15.02.2013
There is no representation on behalf of respondent no.1.
Issue notice without process fee to respondent no.1. Respondent no.1 shall ensure that they are represented on the next date of hearing. Reply, if any, be filed by the said respondent within four weeks from the date of receipt of the order. A copy of the order passed today shall accompany the notice issued by the Registry.
Pleadings qua respondent no.2 are complete.
List on 26.07.2013.
RAJIV SHAKDHER, J
FEBRUARY 15, 2013
REVIEW-PROSPECTS
Results : 2011-12
Financial Performance
The year ended with an excess of earning over expenditure to the tune of Rs.11255.700 Millions which was appropriated to Development Fund (Rs.6100.000 Millions) and Capital Fund (Rs.5155.700 Millions).
Freight Operation
The originating revenue loading was 969.05 million tonnes excluding loading on Konkan Railway in 2011-12 compared to 921.73 million tonnes in the previous year. The transport output in terms of net tonne kms. (NTKms.) was 667.61 billion in 2011-12 compared to 625.72 billion in 2010-11. Earnings from freight traffic (excluding miscellaneous goods earnings) was Rs.677436.200 Millions – up by Rs.70565.700 Millions (11.63%) from the previous year.
Passenger Business
During 2011-12, the number of passengers carried was 8,224 million compared to 7,651 million in 2010-11 thus registering an increase of 7.49%. Passenger kms. which is the product of the number of passengers carried and average distance traversed was 1,046 billion, up by 6.95% from 978 billion in the previous year. Passenger earnings increased by Rs.25408.000 Millions (9.88%) compared to 2010-11.
Engineering Works
During the year, 726.8 kms. of new lines were constructed and 855.55 kms. of track was converted to broad gauge. 3,300 kms. of track renewal was carried out in 2011-12 as against 3,465 kms. in the previous year.
Electrification
1,165 kms. of IR’s route was electrified during 2011-12.
Safety, Signal and
Telecom
There were 131 consequential train accidents during 2011-12 compared to 139 during 2010-11. Train accidents per million train kms. on IR came down from 0.14 in 2010-11 to 0.12 in 2011-12. As a step towards improving passenger amenities, Public Address System at 4,098 stations, Train Information Display Boards at 1,090 stations and Coach Guidance System at 527 stations have been installed.
Performance : 2012-13
Passenger Business
During April-December 2012-13, the number of originating passengers on IR was 6,422 million vis-à-vis 6,210 million during the corresponding period of 2011-12, registering an increase of 3.41%. The Passenger earnings during this period were Rs.225441.500 Millions – up by Rs.19508.300 Millions (9.47%) compared to the earnings during the corresponding period of last year.
Finance
Results for 2011-12
Gross Traffic Receipts of the Railways went up from Rs.945356.300 Millions in 2010-11 to Rs.1041103.600 Millions in 2011-12. Total Working Expenses increased from Rs.894742.200 Millions in 2010-11 to Rs.986674.100 Millions in 2011-12. After taking into account the miscellaneous transactions, the Net Revenue Receipts were at Rs.67816.000 Millions.
After meeting the Dividend Liability, the year ended with an excess of Rs.11255.700 Millions out of which Rs.6100.000 Millions and Rs.5155.700 Millions were appropriated to Development Fund and Capital Fund, respectively.
The Financial Results
for 2011-12, compared to 2010-11, are summarised as below:
Rs. In Millions
|
|
2010-11 |
2011-12 |
Variation |
|
|
Capital-at-Charge (excluding MTPs and Circular Railway, Udhampur-Baramula project and appropriation to SRSF) |
105446.400 |
1227720.400 |
18227.400 |
|
|
Investment from Captial Fund |
386759.300 |
386759.300 |
0.000 |
|
|
Total |
1432205.700 |
1614479.700 |
182274.000 |
|
|
Gross Traffic Receipts |
945356.300 |
1041103.600 |
95747.300 |
|
|
Total Working Expenses |
894742.200 |
986674.100 |
91931.900 |
|
|
Net Traffic Receipts |
50614.100 |
54429.500 |
3815.400 |
|
|
Miscellaneous Receipts (Net) |
12847.300 |
13386.500 |
539.200 |
|
|
Net Revenue Receipts |
63461.400 |
67816.000 |
4354.600 |
|
|
Dividend payable to General |
49412.500 |
56560.300 |
7147.800 |
|
|
Revenues |
|
|
|
|
|
Excess(+)/Shortfall(-) |
14048.900 |
11255.700 |
(2793.200) |
|
|
Percentage of |
|
|||
|
(a) |
Working Expenses to Gross Earnings |
945.900 |
948.500 |
02.600 |
|
(b) |
Net Revenue to Capital-at-charge and investment from Capital Fund |
44.300 |
42.000 |
(02.300) |
|
Capital-at-charge*(in paise) per NTKm *Includes investment from Capital Fund |
205 |
218 |
13 |
|
Revenue
The Gross Traffic Receipts went up by Rs.95747.300 Millions (10.13%) over the previous year. The break-up in terms of major sources is given in Statement IA of Financial Statements.
Passenger earnings formed 27.12% of the Gross Earnings, of which 6.82% was from Suburban Services, 79.03% from Express Long distance and 14.15% from Ordinary Short distance traffic. Bulk freight like coal, ores, iron and steel, cement, foodgrains, fertilizers, POL products, limestone, dolomite, stones other than marble, salt and sugar contributed 88.17% of the total goods earnings, while commodities other than the above accounted for 9.23%. Miscellaneous realisation like demurrage, wharfage, shunting and siding charges etc. made up the remaining 2.6%.
Financial arrangement
between the Railways and the Government
On the recommendations of the Acworth Committee, the Railway Finances were separated from the General Finances in 1924-25. Since then, the financial arrangements between the Railways and the Central Government are periodically reviewed by a Parliamentary Committee known as the Railway Convention Committee.
With the formation of the Fifteenth Lok Sabha, a new Railway Convention Committee (2009) was constituted in March 2010. The Committee has so far submitted four reports out of which three are on ‘Rate of Dividend pertaining to 2009-10 and 2010-11, 2011-12 and 2012-13 and other ancillary matters’.
Since 1986, Ministry of Railways (MOR) has been raising additional resources in the form of market borrowings by the Indian Railway Finance Corporation Limited. (IRFC) to finance Plan investment. Market funds raised by the IRFC are used mainly to finance acquisition of rolling stock which are leased by IRFC to MOR. During the year 2011-12, new rolling stock valued at Rs.126042.100 Millions was financed from IRFC borrowings. The rolling stock consisted of 301 electric locos, 205 diesel locos, 13,208 wagons and 2,757 coaches. Cumulative investment from this source till end of 2011-12 was Rs.824090.000 Millions and the assets financed include 3,147 electric and 2,926 diesel locomotives, 1,62,238 wagons and 36,613 coaches.
On the assets taken on lease from IRFC, Railways pay lease rentals semi-annually, to enable IRFC to service the debt. Lease rental paid by MOR in 2011-12 was Rs.75979.300 Millions, of which Rs.34470.000 Millions was towards principal repayment and Rs.41509.300 Millions towards interest cost.
During the year 2011-12, capital expenditure to the tune of Rs.20784.900 Millions on doubling and electrification projects was met from proceeds of tax free bonds issued by IRFC. Memorandum of Understanding dated 27.07.2012 between MOR and IRFC governs terms and conditions of projects funding by IRFC.
IRFC has also been providing market funds to Rail Vikas Nigam Limited (RVNL) to finance bankable railway projects under implementation by them. The amount of funds made available to RVNL till end of 2011-12 is Rs.20789.000 Millions, including Rs.1079.000 Millions in 2011-12. Funds are provided by MOR to RVNL to meet RVNL’s debt servicing obligations to IRFC.
Manufacturing of
Rolling Stock
The performance of Production Units during 2011-12, was as under:
• Chittaranjan Locomotive Works (CLW), Chittaranjan manufactured 246 BG electric locomotives including 76 state-of-the-art 3-phase 6000 HP electric locos.
• Diesel Locomotive Works (DLW), Varanasi manufactured 259 BG diesel locomotives including 190 indigenous high HP locomotives. Out of these, 42 diesel locomotives were supplied to non-Railway customers (NRCs). DLW manufactured a prototype 5500 HP diesel locomotive with state-of-the-art technologies. It also exported locomotives and spares worth Rs. 112.700 Millions
• IntegralCoachFactory(ICF),Chennaimanufactured1,511 coaches including 405 Electric Multiple Units (EMUs), 141 Diesel Electric Multiple Units (DEMUs), 48 Kolkata Metro coaches and 38 coaches for NRCs and exported spares worth Rs.659.600 Millions.
• Rail Coach Factory (RCF), Kapurthala manufactured 1,421 coaches including 112 Main Line Electrical Multiple Units (MEMU) and 260 light weight LHB coaches with higher passenger comfort and amenities. It exported 16 MG DMU coaches worth Rs.156.000 Millions to Senegal.
• Rail Wheel Factory (RWF), Bengaluru produced 70,315 wheel-sets. It also manufactured 2,01,135 wheels and 1,00,504 axles, which is the highest production level achieved in any year by RWF.
• Diesel Loco Modernisation Works (DMW), Patiala successfully upgraded 86 nos. of 2600 HP WDM 2 diesel electric locomotives to 3100 HP, thus increasing the hauling capacity to the extent of 3 to 4 additional coaches. DMW also manufactured 25 new locomotives for IR and exported spares worth Rs.220.000 Millions to various countries.
Gist of important Audit Paragraphs from the Report of the Comptroller and Auditor General of India – Union Government (Railways) for the year ended 31st March 2011 and Status Report on Pending Action Taken Notes (ATNs).
A. Report No. 03 of 2012-13 – Railway Finances
• The Net surplus of Indian Railways (IR) had declined by 99.98 per cent in 2009-10. However, in 2010-11 it again rose from Rs. 7.500 Millions in 2009-10 to Rs.14048.900 Millions. This was achieved by reducing Appropriation to Depreciation Reserve Fund (DRF) by 27 per cent over the Budget Estimates of 2010-11.
• Operating Ratio (percentage of working expenses to traffic earnings) of IR improved negligibly to 94.59 per cent in 2010-11 from 95.28 per cent achieved in 2009-10.
• Despite ending the year with the higher net surplus over the previous year, the actual Net Surplus was 56 per cent less than the budget estimates and total fund balances declined by 93 per cent indicating a continued poor financial performance by IR in 2010-11.
• The growth rate of totalrevenue receipts (8.35 per cent), freight earnings (7.42 per cent) and passenger earnings (9.81 per cent) in 2010-11 was below the Compound Annual Growth Rate (CAGR) of 10.53 per cent, 11.93 per cent and 10.89 per cent respectively achieved by IR during 2006-10. Further, the increase in freight loading by 3.82 per cent over the previous year was below the CAGR of 6.85 per cent achieved during 2006-10. This indicates a deterioration in the performance indicators of IR.
• Depreciation Reserve Fund (used for renewal and replacement of assets), Pension Fund (to meet pension liability) closed at a negligible balance of Rs.188.900 Millions and Rs. 53.300 Millions respectively.
• Development Fund and Capital Fund which are financed from Net Surplus closed at negative balance of Rs. 12133.400 Millions and Rs. 8857.100 Millions respectively. In order to bridge the gap in these fund balances, Ministry of Finance was requested to extend loan of Rs. 21010.000 Millions. However, the Ministry refused to extend a loan to fund these negative balances. This has an impact on future sustainability of operations of IR
• IRwasunable tomeettheoperational costofpassenger andother coaching services. In 2009-10, loss on operation of passenger and other coaching services stood at Rs. 200804.700 Millions. Freight services earned a profit of Rs. 189868.900 Millions in the same period which indicated that IR is actually running a loss on its core activities.
• The percentage of expenditure in excess of limits authorized by Parliament has increased in the last three years from 1.88 per cent in 2008-09 to 4.14 per cent in 2010-11. In 2010-11, IR incurred Rs. 30527.800 Millions more than the authorization given by Parliament in ten revenue grants and five appropriations.
• There has been savingsin theCapital grant of IRcontinuously for the last five years indicating slow progress in plan expenditure. The savings in the capital segment of IR ranged from Rs.5372.000 Millions in 2008-09 to Rs. 20207.100 Millions in 2009-10. The Capital segment of Grant no. 16 had savings of Rs.7455.800 Millions in 2010-11, out of which Rs. 3564.600 Millions was surrendered on 31 March 2011.
• Due to less generation of Revenue surplusfrom the year 2008-09 onwards, the appropriation to the Railway funds comprising of DRF, Development Fund and Capital Fund has continuously been less than the Budget estimates (except DRF in 2008-09). On the other hand withdrawal from the funds in almost all the three years was more than the amount appropriated to the funds.
• The Fiscal Responsibility and Budget Management (FRBM) Act, 2003, was passed to ensure transparency in budgeting. It was seen that Ministry of Railways do not present any of the Statements of Fiscal policy in Parliament as defined in the Fiscal Responsibility and Budget Management (FRBM) Act, 2003. Further no midterm assessment of receipts and expenditure is placed by Ministerin-charge of Railways before Parliament as required under the FRBM Act.
• Follow up action on Railway Minister’s speech on the budget needs to be strengthened. It was seen that the proposals were announced repeatedly in budget speeches in one form or other without indicating actual status of the implementation in the Outcome Budget. For instance the introduction of the Anti Collision Device and the provision of Green toilets were announced in the budget speeches for 2008-09, 2009-10 and 2010-11 consecutively. Further, the status of implementation of Railway Minister’s budget announcements should form part of the Budgetary Documents as per the practice followed by the Ministry of Finance.
AS PER WEBSITE
About Indian Railways
The first railway on Indian sub-continent ran over a stretch of 21 miles from Bombay to Thane. The idea of a railway to connect Bombay with Thane, Kalyan and with the Thal and Bhore Ghats inclines first occurred to Mr. George Clark, the Chief Engineer of the Bombay Government, during a visit to Bhandup in 1843.
The formal inauguration ceremony was performed on 16th April 1853, when 14 railway carriages carrying about 400 guests left Bori Bunder at 3.30 pm "amidst the loud applause of a vast multitude and to the salute of 21 guns." The first passenger train steamed out of Howrah station destined for Hooghly, a distance of 24 miles, on 15th August, 1854. Thus the first section of the East Indian Railway was opened to public traffic, inaugurating the beginning of railway transport on the Eastern side of the subcontinent.
In south the first line was opened on Ist July, 1856 by the Madras Railway
Company. It ran between Vyasarpadi Jeeva Nilayam (Veyasarpandy) and Walajah Road
(Arcot), a distance of 63 miles. In the North a length of 119 miles of line was
laid from Allahabad to Kanpur on 3rd March 1859. The first section from Hathras
Road to Mathura Cantonment was opened to traffic on 19th October, 1875.
These were the small’s beginnings which is due course
developed into a network of railway lines all over the country. By 1880 the
Indian Railway system had a route mileage of about 9000 miles. INDIAN
RAILWAYS, the premier transport organization of the country is the largest rail
network in Asia and the world’s second largest under one management.
Indian Railways is a multi-gauge, multi-traction system covering the following:
|
Track Kilometers |
Broad Gauge |
Meter Gauge |
Narrow Gauge (762/610 mm) |
Total |
|
86,526 |
18,529 |
3,651 |
108,706 |
|
|
Route Kilometers |
Electrified |
Total |
|
|
|
16,001 |
63,028 |
|
|
Other Interesting facts of Indian Railways
Indian Railways runs around
d 11,000 trains everyday, of which 7,000 are passenger trains
|
7566 - locomotives |
37,840 - Coaching vehicles |
222,147 - Freight wagons |
6853 - Stations |
|
300 - Yards |
2300 - Good sheds |
700 - Repair shops |
1.54 million - Work force |
Territorial Readjustment of Zones and In-House Reforms
In order to bring about greater efficiency in administration, speedy implementation of on-going projects, better customer care, reduction of workload on General Managers etc., Indian Railways have decided to create seven new zones by territorial re-adjustment of existing zones. The new zones, having limited financial burden on Railways, will have thin and lean, efficient and modern administrative set up. Two of the new zones have already started functioning.
National Rail Vikas Yojana
With a view to complete strategically important projects within a stipulated period of time, a non-budgetary investment initiative for the development of Railways has been launched.. Under the scheme all the capacity bottlenecks in the critical sections of the railway network will be removed at an investment of Rs.15,000 crore over the next five years. These projects would include:
1. Strengthening of the golden Quadrilateral to run more long-distance mail/express and freight trains at a higher speed of 100 kmph.
2. Strengthening of rail connectivity to ports and development of multi-modal corridors to hinterland.
3. Construction of four mega bridges - two over River Ganga, one over River Brahmaputra, and one over River Kosi.
4. Accelerated completion of those projects nearing completion and other important projects.
New Steps towards
Safety and Security :
Safety of 13 million passengers that Indian Railways serve every day is of paramount importance to the system. Over the years, apart from the regular safety norms followed, the network has taken a number of steps through innovative use of technology and stepped up training to its manpower to enhance safety standards. Constitution of Rs.170000.000 Millions non-lapsable Special Railway Safety Fund (SRSF) to replace the arrears of aging assets of Railways over the next six years has been a historical move in this direction. A number of distressed bridges, old tracks, signalling system and other safety enhancement devices will be replaced during this period. As far as budget allocation for safety is concerned, Rs.14000.000 Millions was allocated in the revised estimate for the year 2001-02 and Rs.22100.000 Millions for the year 2002-2003. Extensive field trials of the Anti-Collision Device (ACD), indigenously developed by Konkan Railway, is going on and once deployed across the Zonal Railways, this innovative technology will help railways reduce accidents due to collision between trains.
Security of railway passengers is at present a shared responsibility of the Railway Protection Force (RPF) and the Government Reserve Police (GRP). Efforts are on to amend the Railway Act to give more powers to the RPF in ensuring security of passengers on trains and within Railway premises. Deployment of women police Force has been made for security and assistance of women passengers.
Improving Financial
Health :
The financial position of Indian Railways has been slowly but steadily improving. Some of the highlights of the financial performance during 2001-02 include: improved operating ratio from 98.8 per cent to 96.6 per cent, savings in ordinary working expenses of Rs.14870.000 Millions, Depreciation Reserve Fund (DRF) balance goes up from Rs.780.400 Millions during March last year to Rs.6329.900 Millions during same time this year. Railways have established a new milestone in incremental freight loading during July this year by carrying 5.70 million tonnes of goods. Freight loading for the last financial year crossed the target and attained 492.31 million tonnes.
New Trends in
Passenger Amenities :
To take care of the unreserved segment of the passengers, a new pilot project on computer based unreserved ticketing has been launched this year. Of the 13 million passengers served by the network everyday, nearly 12 million are unreserved passengers. To cater to this huge segment, computer based ticketing systems has been launched for all stations in Delhi area and in due course throughout the country. With this, unreserved tickets can be issued even from locations other than the boarding station and will reduce crowds at booking offices and stations.
Indian Railway
Catering and Tourism Corporation
With the assistance of Centre for Railway Information Systems has launched On-line ticketing facility which can be accessed through website irctc.co.in. Computerized reservation facilities were added at 245 new locations. At present these facilities are available at 758 locations in the country covering about 96 per cent of the total workload of passenger reservation. Computerized Reservation related enquiries about accommodation availability, passenger status, train schedule, train between pair of stations etc. have been made web enabled.
A pilot project for issuing monthly and quarterly season tickets through Automated Teller Machines (ATMs) has been launched in Mumbai this year and has been found very successful. Another pilot project for purchasing tickets including monthly and quarterly season tickets through Smart Card has also been launched.
"National Train Enquiry System" has been started in order to provide upgraded passenger information and enquiries. This system provides the train running position on a current basis through various output devices such as terminals in the station enquiries and Interactive Voice Response System (IVRS) at important railway stations. So far the project has been implemented at 98 stations.
Freight Operations Information System (FOIS) Computerisation of freight operations by Railways has been achieved by implementing Rake Management System (RMS). Such FOIS terminals are available at 235 locations
Railways have established their own intra-net ’Railnet’ It provides networking between Railway Board, Zonal Headquarters, Divisional headquarters, Production Units, Training Centers etc.
Sterling Performance by PSUs The public sector undertakings of the Railways, especially IRCON and RITES, scored commendable achievements during the last three years. IRCON International has achieved a record turnover of Rs.9000.000 Millions during 2001-02 and the foreign exchange earnings of this prestigious organization has increased six fold over the years. At the international level, IRCON is at present executing different projects in Malaysia, Bangladesh and Indonesia. The PSU has registered a strong presence in the international scenario by its sterling track record.
RITES, another prestigious PSU under the Ministry has scaled new heights in performance, profit and dividend to the shareholders during the last three years. Its turnover increased from Rs.1720.000 Millions in 1999 to Rs.2830.000 Millions in 2002. RITES for its sterling performance secured the prestigious ISO-9001 Certification this year. The company has also entered into export/leasing of locomotives in different countries in Asia and Africa. RITES is operating all over the world including Columbia, UK, Iran, Malayasia, Myanmar, Bangladesh, Sri Lanka, Tanzania, Uganda, Ethiopia, Turkmenistan and Uzbekistan.
Indian Railways Finance Corporation Limited secured excellent rating for fourth year in succession by the Department of Public enterprises on the basis of the performance targets. Besides, Standards and Poor’s, the international credit rating agency, also reaffirmed the sovereign ratings to IRFC. The Corporation has been making profits and paying dividends.
Indian Railway Catering and Tourism Corporation (IRCTC) Internet based ticket booking has been launched by IRCTC in Delhi, Chennai, Bangalore, Mumbai and Calcutta this year. Hygienic and air-conditioned food plazas having consumer-friendly ambience opened at Pune and Chennai and license for similar plazas awarded for 17 more locations. In all, 50 such plazas will be opened by the end of this financial year across the zonal Railways. Railneer - packaged drinking water is to be made available from December this year.
More than half a lakh tourists have availed the value added tour package programme launched by the Corporation this year.
Innovative
Technologies by Konkan Railway:
Konkan Railway Corporation (KRC), the technological marvel of Indian Railways, has invented quite a few new technologies. Anti Collision Device (ACD), state-of-art indigenous technology of KRC is currently under-going intensive field trials and is capable of avoiding collision between trains. Sky bus metro is another innovative, economic and eco-friendly mass rapid transportation solution devised by Konkan Railway. Self Stablising Track (SST) devised by KRC, which is undergoing trials at present, will help Railways run the fastest train in the near future and will make tracks much more safe and sustainable.
Private Sector
Participation :
The participation of both private and public sectors in developing rail infrastructure has gone up. A joint venture company was formed with Pipava Port authorities to provide broad gauge connectivity to Pipava Port. MoUs have been signed between Ministry of Railways and the State governments of Andhra Pradesh, Karnataka, Maharashtra, West Bengal, Tamil Nadu and Jharkhand in developing rail infrastructure in these States.
Telecommunication -
New Trends :
To give improved telecommunication systems on Railways, Optical Fibre based communication systems has been adopted and laying OFC has increased to 7,700 route kilometer this year. Rail Tel Corporation has been created to make a nationwide broadband multimedia network by laying optical fibre cable along the railway tracks. This system will provide better operational and passenger amenities and additional revenue to Railways.
New Technologies :
India became the first developing country and the 5th country in the world to roll out the first indigenously built "state-of-the-art" high horse power three phase electric locomotive when the first such loco was flagged off from Chittranjan Locomotive Works (CLW). CLW has been achieving progressive indigenisation and the cost of locomotives has come down to the level of Rs.136.500 Millions
Diesel Locomotives Works, Varanasi has produced state-of-the-art 4000 HP AC/AC diesel locomotive in April this year. These locos are capable of hauling 4,800 tonne freight trains at a speed of 100 KMPH and can run continuously up to 90 days in one stretch without any major maintenance.
Honours and Awards
Indian Railways achieved a number of recognitions and awards in sports, tourism sector and for excellence in operational matters. In the Common Wealth Games in Manchester, the Indian teams record performance has been mainly due to Railway team’s excellence in sports. Except one member the entire women’s Hockey team which bagged the gold medal belonged to Railways. Mohd Ali Qamar of Indian Railways has bagged gold medal for boxing and other participants from Railways helped India win medals in many a team events. A number of sportspersons from Railways were conferred with the coveted Arjuna Awards and other major sports awards.
Darjeeling Himalayan
Railways attained the World Heritage Status from UNESCO.
Fairy Queen, the oldest functioning steam engine in the world, which finds a place in the Guinness Book of World, got Heritage Award at the International Tourist Bureau, Berlin in March, 2000. On operational front, Delhi Main station entered the Guinness Book for having the world’s largest route relay interlocking system.
Social obligations
and care for weaker sections
Senior citizens, students, disabled persons etc. enjoy concessional benefits from Railways. New initiatives in this area during the last three years include reduction of age limits for special concession to senior women citizen from 65 to 60 years, blind and mentally challenged persons can now travel in AC classes on confessional rates. Free second class Monthly Season Tickets (MSTs) for school going children upto tenth standard for travel between home and school was also introduced.
Tie-Up with Foreign
Railways
Indian Railways is in constant touch with Railways across the world to bring in state-of-art facilities in its system. Towards this, a Memorandum of Understanding was singed during the Eighth Session of the Indo-Austria Joint Economic Commission held in Vienna. This seeks to promote and deepen long-term infrastructure-specific cooperation between Indian and Austrian Railways to their mutual benefit.A three-day International Conference of Union of Railways was organised by Indian Railways in New Delhi in which hundreds of delegates from various industries and Railways around the world participated.
CENTRAL RAILWAY
HISTORY
The Great Indian Peninsular (GIP) Railway, came into existence on April 16, 1853, when the first train on the Indian Sub-continent steamed off from Mumbai to Thane, a modest stretch of only 33 kms. Central Railway was carved out of erstwhile GIP Railway on November 5, 1951.
Central Railway covers a large part of the state of Maharashtra and parts of
North-Eastern Karnataka and Southern Madhya Pradesh. It is a system with a
network of 3905.47 route kilometres and 5975.33 track kilometres linking 477
stations in five divisions i.e Mumbai, Pune, Bhusawal, Nagpur and
Solapur .
Central Railway is the leading passenger carrying system. It carries more than 4 lakh passengers every day to each nook and corner of the country through Mail/Express/Passenger trains. Mumbai Suburban Train System is the life line of the Metropolitan City. More than 3 million passenger travel every day in 1573 suburban trains, moving across 77 stations. 40 suburban services are operated on Pune-Lonavla section in Pune division. The Mumbai Suburban System of Central Railway extends from Chhatrapati Shivaji Terminus to Kalyan (54 Kms.), where it bifurcates into 2 directions, one to Kasara (121 Kms) and the other to Khopoli (114 Kms.).
Central Railway is also distinguished for its Neral - Matheran Line (Narrow Gauge line), which links Neral with the enthralling hill station of Matheran in the Western Ghats, on the Mumbai-Pune main line. Deccan Queen, Punjab Mail, Gitanjali Express, Hussain Sagar Express and Pushpak Express are the few prestigious trains run by Central Railway.
The freight business is the major source of revenue for the Indian Railway. Major commodities carried on Central Railway over its network are Coal, Imported Coal, Cement, Petroleum products, Indigenous Fertilisers, Sugar, Containers, and onion etc.
PRESS RELEASES
2013/3/14 19-03-2013
Cancellation/Diversion/Rescheduling of Howrah Bound Trains on 22.3.2013
Central Railway
Press Release
CANCELLATION /
DIVERSION / RESCHEDULING OF HOWRAH BOUND TRAINS
Railways have decided to CANCEL / DIVERT / RESCHEDULE the following trains as Non-interlocking work at Santragachi station of South Eastern Railway will be carried out from 22.3.2013 to 25.3.2013.
CANCELLATION OF TRAINS
1. Train No. 12809 CST Mumbai – Howrah Mail via-Nagpur leaving CST Mumbai on 22.3.2013 will remain cancelled. Accordingly Train No. 12810 Howrah – CST Mumbai Mail via-Nagpur leaving Howrah on 24.3.2013 will also remain cancelled.
2. Train No. 12129 Pune- Howrah Azad Hind Express leaving Pune on 22.3.2013 will remain cancelled. Accordingly Train No. 12130 Howrah – Pune Azad Hind Express leaving Howrah on 24.3.2013 will also remain cancelled.
DIVERSION OF TRAINS
1. Train No. 12101 Lokmanya Tilak Terminus – Howrah Jnaneshwari Express leaving LTT on 22.3.2013 will be diverted from Santragachi and terminated at Shalimar instead of Howrah. Accordingly Train No. 12102 Howrah – Lokmanya Tilak Teminus Jnaneshwari Express leaving Howrah on 24.3.2013 will originate from Shalimar instead of Howrah.
RESCHEDULING OF
TRAINS
1. Train No. 22894 Sainagar Shirdi – Howrah Express leaving Sainagar Shirdi on Saturday 23.3.2013 will be rescheduled by 24 hrs. i.e. train will leave Sainagar Shirdi on Sunday 24.3.2013.
Passengers are requested to kindly note the above changes and avoid any inconvenience on this score.
2013/3/13 19-03-2013
Summer Special Trains
between Mumbai-Nagpur/Madgaon/Varanasi/Jhansi/Muzaffarpur; Pune-Nagpur/Solapur;
Kolhapur-Hyederabad - Bookings open from 21.3.2013
Central Railway
Press Release
CENTRAL RAILWAY TO RUN 200 SUMMER SPECIALS DURING APRIL TO JUNE 2013
RESERVATION OPENS on 21.3.2013
SUMMARY
1. Weekly Specials between CST Mumbai and Nagpur (24)
2. Weekly AC Specials between LTT and Madgaon (20)
3. Weekly Superfast Specials between LTT and Jhansi (26)
4. Weekly Specials between CST Mumbai and Varanasi (26)
5. Weekly Specials between LTT and Muzaffarpur (26)
6. Weekly Specials between Pune and Nagpur (26)
7. Weekly Superfast Specials between Pune and Solapur (26)
8. Weekly Specials between Kolhapur and Hyderabad (26)
Central Railway will run 200 Summer Special trains during 2013 summer vacation period. It has already announced 104 specials between LTT-Shalimar (Howrah), Pune-Bilaspur, Solapur-Jaipur and Sainagar Shirdi-Puri. The details of 200 summer specials are as under:
1. WEEKLY SPECIALS BETWEEN MUMBAI AND NAGPUR (24)
Train No. 01013 Dn will leave Chhatrapati Shivaji Terminus Mumbai at 00.20 hrs on every Sunday from 7.4.2013 to 23.6.2013 and will arrive at Nagpur at 15.00 hrs same day.
Train No. 01014 Up will leave Nagpur at 16.15 hrs every Sunday from 7.4.2013 to 23.6.2013 and will arrive Chhatrapati Shivaji Terminus Mumbai at 08.15 hrs next day.
COMPOSITION: one First AC cum AC-2 Tier, one AC-2 Tier, Two AC-3 Tier, 12 sleeper class, 5 general second class and 2 general second class cum guard’s brake vans
HALTS: Dadar, Thane, Kalyan, Igatpuri, Nasik Road, Manmad, Jalgaon, Bhusawal, Malkapur, Akola, Badnera, Dhamangaon, Pulgaon and Wardha.
2. WEEKLY AC SPECIALS BETWEEN LOKMANYA TILAK TERMINUS AND MADGAON (20)
Train No. 01007 Dn will leave Lokmanya Tilak Terminus at 00.55 hrs on every Thursday from 4.4.2013 to 6.6.2013 and will arrive at Madgaon at 12.00 hrs same day.
Train No. 01008 Up will leave Madgaon at 17.10 hrs on every Thursday from 4.4.2013 to 6.6.2013 and will arrive at Lokmanya Tilak Terminus at 04.10 hrs next day.
COMPOSITION: one First AC, Three AC-2 Tier, Eight AC-3 Tier, 2 generator cum guard’s brake vans and one AC pantry car.
HALTS: Thane, Panvel, Roha, Chiplun, Ratnagiri, Kudal, Thivim and Karmali.
3. WEEKLY SPECIALS BETWEEN LOKMANYA TILAK TERMINUS AND JHANSI (26)
Train No. 01015 Dn will leave Lokmanya Tilak Terminus at 13.20 hrs on every Monday from 1.4.2013 to 24.6.2013 and will arrive at Jhansi at 09.30 hrs next day.
Train No. 01016 Up will leave Jhansi at 11.15 hrs on every Tuesday from 2.4.2013 to 25.6.2013 and will arrive at Lokmanya Tilak Terminus at 07.30 hrs next day.
COMPOSITION: one AC-2 Tier, one AC-3 Tier, 13 Sleeper class, 5 General second class and 2 General second class cum guard’s brake vans
HALTS: Thane, Kalyan, Igatpuri, Nasik Road, Manmad, Jalgaon, Bhusawal, Khandwa, Itarsi (for 01016 only), Bhopal, Bina, Lalitpur, Babina.
4. WEEKLY SPECIALS BETWEEN MUMBAI AND VARANASI (26)
Train No. 01027 Dn will leave Chhatrapati Shivaji Terminus Mumbai at 12.25 hrs on every Wednesday from 3.4.2013 to 26.6.2013 and will arrive at Varanasi at 15.30 hrs next day.
Train No. 01028 Up will leave Varanasi at 18.45 hrs on every Thursday from 4.4.2013 to 27.6.2013 and will arrive at Chhatrapati Shivaji Terminus Mumbai at 23.30 hrs next day.
COMPOSITION: one First AC cum AC-2Tier, one AC-2 tier, Two AC-3 tier, 12 Sleeper class, 5 General second class and 2 General second class cum guard’s brake vans
HALTS: Dadar, Thane, Kalyan, Igatpuri, Nasik Road, Manmad, Jalgaon, Bhusaval, Khandwa, Itarsi, Pipariya, Narsinghpur, Jabalpur, Katni, Maihar, Satna, Manikpur, Chheoki and Mirzapur
5. WEEKLY SPECIALS BETWEEN LOKMANYA TILAK TERMINUS AND MUZAFFARPUR (26)
Train No. 01057 Dn will leave Lokmanya Tilak Terminus at 14.30 hrs on every Wednesday from 3.4.2013 to 26.6.2013 and will arrive at Muzaffarpur at 03.10 hrs on Friday.
Train No. 01058 Up will leave Muzaffarpur at 18.30 hrs on every Friday from 5.4.2013 to 28.6.2013 and will arrive at Lokmanya Tilak Terminus at 06.05 hrs on Sunday.
COMPOSITION: one AC-2 Tier, one AC-3 tier, 10 Sleeper class, 3 General second class and 2 General second class cum guard’s brake vans.
HALTS: Thane, Kalyan, Igatpuri, Nasik Road, Manmad, Jalgaon, Bhusaval, Khandwa, Itarsi, Pipariya, Narsinghpur, Jabalpur, Katni, Maihar, Satna, Manikpur, Chheoki, Varanasi, Ghazipur City, Ballia, Chhapra, Sonpur, Hajipur.
6. WEEKLY SPECIALS BETWEEN PUNE AND NAGPUR (26)
Train No. 01030 will leave Pune at 05.20 hrs on every Saturday from 6.4.2013 to 29.6.2013 and will arrive at Nagpur at 22.00 hrs same day.
Train No. 01029 will leave Nagpur at 11.00 hrs on every Friday from 5.4.2013 to 28.6.2013 and will arrive at Pune at 04.05 hrs next day.
COMPOSITION: 8 Second Class Seating and 2 General second class cum guard’s brake vans.
HALTS: Daund, Ahmednagar, Belapur, Kopargaon, Manmad, Jalgaon, Bhusawal, Malkapur, Akola, Badnera, Dhamangaon, Pulgaon and Wardha.
7. WEEKLY SUPERFAST SPECIALS BETWEEN PUNE AND SOLAPUR (26)
Train No. 01010 will leave Pune at 16.15 hrs on every Sunday from 7.4.2013 to 30.6.2013 and will arrive at Solapur at 20.55 hrs same day.
Train No. 01009 will leave Solapur at 10.55 hrs on every Sunday from 7.4.2013 to 30.6.2013 and will arrive at Pune at 15.05 hrs same day.
COMPOSITION: one First AC cum AC-2 Tier, one AC-2 Tier, one AC-3 Tier, 7 Sleeper Class, 6 General Second Class and 2 General second class cum guard’s brake vans.
HALTS: Daund, Jeur, Kurduwadi.
8. WEEKLY SPECIALS BETWEEN KOLHAPUR AND HYDERABAD (26)
Train No. 01031 will leave Shri Chhatrapati Shahu Maharaj Terminus (Kolhapur) at 18.15 hrs on every Wednesday from 3.4.2013 to 26.6.2013 and will arrive Hyderabad at 08.45 hrs next day.
Train No. 01032 will leave Hyderabad at 10.25 hrs on every Thursday from 4.4.2013 to 27.6.2013 and will arrive Shri Chhatrapati Shahu Maharaj Terminus (Kolhapur) at 03.45 hrs next day.
COMPOSITION: one AC-2 tier, one AC-3 tier, 9 Sleeper class, 6 General second class and 2 General second class cum guards’ brake vans.
HALTS : Miraj, Pandharpur, Kurduwadi, Solapur, Gulbarga, Wadi, Malkhaid Road, Seram, Tandur, Vikarabad, and Begumpet.
TEACHERS’ SPECIALS-
Train No. 01027 leaving CST Mumbai on 1.5.2013 (Renumbered as 01075) and Train No. 01028 leaving Varanasi on 6.6.2013 (Renumbered as 01076) are earmarked as Teachers’ Specials.
RESERVATION
Reservation for summer special trains number 01007/01008, 01009/01010, 01013/01014, 01015, 01027, 01029/01030, 01031, 01057 from 21.3.2013
TATKAL RESERVATION
Tatkal reservation will also be available one day in advance of the date of journey on all these summer specials.
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 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.54.39 |
|
|
1 |
Rs.82.32 |
|
Euro |
1 |
Rs.69.54 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYN |
|
|
|
|
Report Prepared
by : |
NTH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
9 |
|
PAID-UP CAPITAL |
1~10 |
9 |
|
OPERATING SCALE |
1~10 |
9 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
9 |
|
--PROFITABILIRY |
1~10 |
9 |
|
--LIQUIDITY |
1~10 |
9 |
|
--LEVERAGE |
1~10 |
9 |
|
--RESERVES |
1~10 |
9 |
|
--CREDIT LINES |
1~10 |
9 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--LITIGATION |
YES/NO |
YES |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
81 |
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.