1. Summary Information
|
|
|
Country |
India |
|
Company Name |
AIRPORTS AUTHORITY OF INDIA |
Principal Name 1 |
Mr. V.P. Agrawal |
|
Status |
Excellent |
Principal Name 2 |
Mr. Arun Mishra, IAS |
|
|
|
Registration # |
-- |
|
Street Address |
Rajiv Gandhi Bhavan Safdarjung Airport, Aurobindo Marg,
New Delhi – 110003 |
||
|
Established Date |
01.04.1995 |
SIC Code |
-- |
|
Telephone# |
91-11-24693160 |
Business Style 1 |
Airport Authorities. |
|
Fax # |
91-11-24632990 |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
-- |
|
|
# of employees |
Not Available |
Product Name 2 |
-- |
|
Paid up capital |
Rs. 6,565,565,000/- |
Product Name 3 |
-- |
|
Shareholders |
-- |
Banking |
State
Bank of India |
|
Public Limited Corp. |
No |
Business Period |
18 Years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
Aa
(74) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Joint Venture |
India
|
Mihan India Private Limited |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
53,177,631,000 |
Current Liabilities |
20,982,378,000 |
|
Inventories |
902,729,000 |
Long-term Liabilities |
21,422,325,000 |
|
Fixed Assets |
59,094,290,000 |
Other Liabilities |
51,081,748,000 |
|
Deferred Assets |
8,201,817,000 |
Total Liabilities |
93,486,451,000 |
|
Invest& other Assets |
54,779,930,000 |
Retained Earnings |
76,104,381,000 |
|
|
|
Net Worth |
82,669,946,000 |
|
Total Assets |
176,156,397,000 |
Total Liab. & Equity |
176,156,397,000 |
|
Total Assets (Previous Year) |
166,924,057,000 |
|
|
|
P/L Statement as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Sales (Total Income) |
58,786,585,000 |
Net Profit |
8,590,058,000 |
|
Sales(Previous yr) (Total Income) |
51,392,056,000 |
Net Profit(Prev.yr) |
8,463,875,000 |
|
Report Date : |
12.03.2013 |
IDENTIFICATION DETAILS
|
Name : |
AIRPORTS AUTHORITY OF INDIA |
|
|
|
|
Registered
Office : |
Rajiv Gandhi Bhavan Safdarjung Airport, Aurobindo Marg,
New Delhi – 110003 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
01.04.1995 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 6565.565 Millions |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELA07348F / DELA00223G |
|
|
|
|
Legal Form : |
Subject is an Organization |
|
|
|
|
Line of Business
: |
Airport Authorities. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Aa (74) |
|
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 331000000 |
|
|
|
|
Status : |
Excellent |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Exists |
|
|
|
|
Comments : |
Subject is a well-established and a reputed company having an
excellent track record. It creates upgrades, maintains and manages civil aviation
infrastructure on the ground and within the territorial boundaries of India. The
authority manages 115 airports. It also provided air traffic management
services over the entire Indian air space and adjoining oceans with ground
installations at airports and 25 other locations to ensure safety of aircraft
operations. It provides air navigation services over 2.8 Million square
nautical miles of airspace. It maintains a dominant position in airport management in India.
Financial position of the company appears sound and healthy. Trade relations
are reported as praiseworthy. Business is active. Payment terms are regular
and as per commitment. The company can be considered excellent for business dealings at usual
trade terms and condition. |
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) |
|
|
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
|
Source
: CIA |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long term Borrowing Programme : AAA |
|
Rating Explanation |
Highest degree of safety and lowest credit
risk. |
|
Date |
February 19, 2013 |
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.
LOCATIONS
|
Registered/ Corporate Office : |
Rajiv Gandhi Bhavan Safdarjung Airport, Aurobindo Marg, New Delhi – 110003, India |
|
Tel. No.: |
91-11-24693160 / 24632950 |
|
Fax No.: |
91-11-24632990 / 24629567 / 24697211 / 24693963 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Branches : |
· East Block – VII, Level – II, sector – 1, R. K. Puram, New Delhi - 110066, India 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, Haddows Road, Chennai – 600006, Tamilnadu, India Tel No. 91-44-28240338 Contact to Mr. Amaresh Pujari · 237, Acharya Jagdish Chandra Bose Road, Kolkata - 700020, West Bengal, India Tel. No. 91-33-22470549 Contact to Mr. P.K. Chattopadhyay · 123-D, Ranjit Avenue, Amritsar – 143001, Punjab, India Tel. No. 91-183-2508250 Contact to Mr. Kulwant Kumar |
DIRECTORS
AS ON 31.03.2012
|
Name : |
Mr. V.P. Agrawal |
|
Designation : |
Chairman |
|
|
|
|
Name : |
Mr. Arun Mishra, IAS |
|
Designation : |
Director General of Civil Aviation and Ex-Officio Member |
|
|
|
|
Name : |
Mr. S. Machendranathan, IAS |
|
Designation : |
Additional Secretary and Financial Advisor Ministry of Civil Aviation |
|
|
|
|
Name : |
Mr. Alok Sinha |
|
Designation : |
Joint Secretary, Ministry of Civil Aviation (Official) |
|
|
|
|
Name : |
Mr. K. K. Jha |
|
Designation : |
Member (HR) |
|
|
|
|
Name : |
Mr. S. Raheja |
|
Designation : |
Member (Planning) |
|
|
|
|
Name : |
Mr. V. Somasundaram |
|
Designation : |
Member (ANS) |
|
|
|
|
Name : |
Mr. G. K. Chaukiyal |
|
Designation : |
Director (Operations) |
|
|
|
|
Name : |
Mr. S. Suresh |
|
Designation : |
Member (Finance) |
|
|
|
|
Name : |
Mr. M.C. Kishore |
|
Designation : |
Executive Director (CA) and CS |
BUSINESS DETAILS
|
Line of Business : |
Airport Authority |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Bankers : |
State Bank of India, New Delhi, India |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Facilities : |
|
||||||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Joint Ventures : |
v
Delhi International Airport Private Limited
(DIAPL) v
Mumbai International Airport Private Limited
(MIAPL) v
Hyderabad International Airport Private Limited
(HIAL) v
Bangalore International Airport Private Limited
(BIAL) v
National Flying Training Institute, Gondia
(NFTIPL) v
Mihan India Private Limited, Nagpur v
Chandigarh International Airport Private Limited v
Indian Aviation Academy |
CAPITAL STRUCTURE
AS ON 31.03.2012
|
Sr. No. |
Particulars |
Rs. In Millions |
|
|
|
|
|
1. |
Balance at the beginning of the year |
6556.115 |
|
2. |
Addition during the year |
9.450 |
|
|
|
|
|
|
Total |
6565.565 |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
6565.565 |
6556.115 |
6233.365 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
76104.381 |
69609.688 |
65109.724 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
82669.946 |
76165.803 |
71343.089 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
8150.000 |
6000.000 |
3000.000 |
|
|
2] Unsecured Loans |
13272.325 |
6252.389 |
3719.441 |
|
|
TOTAL BORROWING |
21422.325 |
12252.389 |
6719.441 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
CAPITAL GRANTS |
5471.092 |
4407.972 |
1582.684 |
|
|
|
|
|
|
|
|
TOTAL |
109563.363 |
92826.164 |
79645.214 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
59094.290 |
53601.489 |
43159.695 |
|
|
Capital work-in-progress |
43916.790 |
37475.232 |
31859.415 |
|
|
|
|
|
|
|
|
INVESTMENT |
10863.140 |
9761.390 |
9215.240 |
|
|
DEFERRED TAX ASSETS |
8201.817 |
6673.559 |
5720.789 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Stores and Spares |
902.729
|
926.343
|
654.219
|
|
|
Sundry Debtors |
15165.140
|
10219.861
|
8153.528
|
|
|
Cash & Bank Balances |
1137.426
|
1062.097
|
3620.650
|
|
|
Deposits, Loans and Advances |
34889.746
|
45001.145
|
58316.313
|
|
|
Interest accrued on investments or deposits |
3.283
|
5.794
|
2.964
|
|
|
Prepaid expenses |
68.604
|
50.336
|
54.259
|
|
|
Income accrued but not due |
1913.432
|
2146.811
|
2080.709
|
|
Total
Current Assets |
54080.360
|
59412.387
|
72882.642
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
125.617
|
145.237
|
191.030
|
|
|
Other Current Liabilities |
20856.761
|
22386.842
|
25971.777
|
|
|
Provisions |
45610.656
|
51565.814
|
57029.760
|
|
Total
Current Liabilities |
66593.034
|
74097.893
|
83192.567
|
|
|
Net Current Assets |
(12512.674)
|
(14685.506)
|
(10309.925)
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
109563.363 |
92826.164 |
79645.214 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Traffic Revenue |
32481.602 |
29582.033 |
26646.407 |
|
|
|
Non Traffic Revenue |
7424.246 |
6367.633 |
5835.355 |
|
|
|
Cargo Revenue |
2181.879 |
2292.839 |
1762.470 |
|
|
|
Income from Leasing of Airports |
12377.663 |
10463.538 |
9409.718 |
|
|
|
Other Income |
4202.264 |
2686.013 |
2498.984 |
|
|
|
Prior period adjustments |
118.931 |
0.000 |
0.000 |
|
|
|
TOTAL (A) |
58786.585 |
51392.056 |
46152.934 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Pay and allowances |
15304.936 |
12637.661 |
13442.056 |
|
|
|
Other staff cost |
4690.277 |
3913.211 |
2686.208 |
|
|
|
Operating expenses |
11503.801 |
9681.037 |
7859.890 |
|
|
|
Other administrative and misc. expenses |
1753.946 |
1866.150 |
2208.564 |
|
|
|
Prior period adjustments |
0.000 |
336.447 |
46.205 |
|
|
|
TOTAL (B) |
33252.960 |
28434.506 |
26242.923 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
25533.625 |
22957.550 |
19910.011 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
447.056 |
111.470 |
79.252 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
25086.569 |
22846.080 |
19830.759 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
10100.901 |
8933.586 |
7377.466 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
14985.668 |
13912.494 |
12453.293 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
6395.610 |
5448.619 |
5330.433 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
8590.058 |
8463.875 |
7122.860 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to Specific Reserves |
2636.877 |
2598.492 |
2184.475 |
|
|
|
Dividend |
1719.000 |
1693.000 |
1425.000 |
|
|
|
Tax on Dividend |
278.865 |
274.647 |
236.675 |
|
|
|
Transferred from Provision/others |
0.000 |
0.000 |
(3139.467) |
|
|
BALANCE CARRIED
TO THE B/S |
3955.316 |
3897.736 |
6416.177 |
|
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 |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact
person |
No |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
-- |
|
14] |
Estimation for coming financial
year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
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 |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
-- |
|
26] |
Buyer visit details |
-- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if
available |
No |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
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 |
Yes |
LITIGATION
DETAILS:
IN THE HIGH COURT OF DELHI
AT NEW DELHI
CS(OS) 431/2013
M/S KARNATAKA AVIATION SUPPORT SERVICES PVT LTD
..... Plaintiff
Through: None
versus
AIRPORT AUTHORITY OF INDIA BANGALORE AND ANR
..... Defendants
Through: Mr. Divgijay Rai Singh, Advocate
CS(OS) 432/2013
M/S KARNATAKA COMMERCIAL and INDUSTRIAL CORPORATION PVT LTD
.....
Plaintiff
Through: Mr. R. Sudhinder, Advocate
versus
AIRPORT
AUTHORITY OF INDIA and ANR ..... Defendants
Through: Mr. Divgijay Rai Singh, Advocate
CORAM:
HON'BLE MS. JUSTICE HIMA KOHLI
ORDER
04.03.2013
1. The present matters have been placed before this Court pursuant to an order
dated 15.02.2013 passed by the Division Bench, wherein it was noticed that
these two suits had been instituted by the plaintiff in the City Civil Court at
Bangalore, Karnataka and in the year
CS(OS) Nos. 431 and 432/2013 page No.1 of 3
2011, the Supreme Court had transferred these matters to this Court alongwith
some other connected matters.
2. None is present on behalf of the plaintiff in CS(OS) 431/2013. Learned
counsel enters appearance on behalf of the plaintiff in CS(OS) 432/2013 and
states that he has been recently engaged in the case and
would be filing his power of attorney within one week. He also seeks time to
verify from the plaintiff in CS(OS) 431/2013 as to whether he has to enter
appearance on their behalf.
3.
As counsels for the parties jointly state that the issue raised in the
present suits has been duly adjudicated upon by the Division Bench vide
judgment dated 12.04.2012 delivered in a batch of matters, lead
matter being WP(C) 15095/2006 entitled Hans Enterprises vs.
Airports Authority of India and Ors. and in another batch of matters,
decided by a Division Bench on 17.07.2012, lead matter being WP(C) 4653/2011
entitled
C.Sadanandan vs. Airports Authority of India and Anr., counsel for the
plaintiff is directed to obtain instructions from his client as to
whether anything survives in the present suits.
CS(OS) Nos. 431 and 432/2013 page No.2 of 3
4. At this stage, counsel for the defendants states that he had sent a written
intimation of the next date of hearing to the plaintiffs, who are based in
Bangalore, but the letter addressed to the plaintiff in CS(OS) No. 431/2013 has
been returned by the postal authorities with the remarks that the addressee has
left the premises. He further points out that the plaintiff in CS(OS) 431/2013
had offered an FDR for a sum of `70 lacs on account of the unpaid service tax
which shall mature for payment on 17.03.2013 and the interest of the defendants
may be safeguarded by directing the plaintiff to renew the said FDR at least
for a further period of six months.
5. Ordered accordingly. The plaintiff shall renew the FDR to the tune of `70 lacs
for a period of six months from 17.3.2013.
6. As the plaintiff in CS(OS) 431/2013 is not represented today, a copy of the
order passed today shall be given dasti to the counsel for the defendants
for him to take necessary steps to apprise the said plaintiff of the order
passed today.
7.
Renotify on 25th April, 2013 in the category of ? Directions?.
HIMA KOHLI, J
MARCH 04, 2013
rkb
CS(OS) Nos. 431 and 432/2013 page No.3 of 3
$ 30.
UNSECURED LOANS
|
Unsecured Loans |
31.03.2012 |
31.03.2011 |
|
|
(Rs. In Millions) |
|
|
Budgetary support loans provided by
the central government U/s.23(b) of Act |
9.450 |
322.750 |
|
Others : 8.97% Unsecured Non convertible
redeemable Bonds 2016 of Rs. 10,00,000/- each, redeemable at par at the end
of 5th year from date of allotment October 11, 2011 |
6000.000 |
0.000 |
|
Term loans from banks** |
6800.000 |
5500.000 |
|
Other Loans |
40.000 |
40.000 |
|
Foreign
loans: |
|
|
|
(I) From Foreign Financial
Institutions * |
422.875 |
389.639 |
|
Total |
13272.325 |
6252.389 |
|
Note: * Guaranteed by GOI. ** Short term
loans (due or repayable within one year). |
||
INTRODUCTION
Airports Authority of India (AAI) is a leader
in infrastructure building for developing airport infrastructure along the
length and breadth of the country including remote and far flung areas. AAI
came into existence on 1.4.1995 with the merger of National Airports Authority
and International Airports Authority of India. AAI manages 125 airports
consisting of 68 operational airports (I I international airports, 8 customs
and 49 domestic airports), 26 Civil Enclaves (3 international, 4 customs and 19
domestic) and 31 non-operational domestic airports. AAI also provides CNS-ATM
facilities at 9 other airports. AAI 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. AAI is a Mini-Ratna Cat. I Public Sector Enterprise.
The Authority continued to make steady
progress in meeting its objectives of creating more and more airport and air
navigation infrastructure across the length and breadth of the country. New
Terminals were commissioned at Indore and Rajamundhury airports and existing
terminals were expanded and modified at Coimbatore, Gondia, Jalgaon and Chennai
airports. The new Domestic and International Terminals at Chennai International
Airport have been completed and are undergoing pre-commissioning trials. The
new Integrated Terminal at NSCBI Airport, Kolkata has also been completed and
is undergoing pre-commissioning trials. On the CNS/ATM front the following have
been the major achievements:
v As
a major step in transition from Voice Communication to Data Link Communication,
Data Link based clearance delivery system (DLC) has been installed at 6 major
airports viz., Chennai, Delhi, Mumbai, Kolkata, Bangalore, Hyderabad,
v Dedicated
Satellite Communication Network (DSCN) has been operationalized at 66 airports.
v New
integrated Voice Communication Control System (VCCS) has been commissioned at
Chennai.
v Automatic
Message Handling System (AMHS) has been commissioned at Mumbai and action is in
progress for similar implementation at Delhi, Chennai and Kolkata.
v New
Instrument Landing System (ILS) has been commissioned at Delhi (runway 09),
Gondia, Lengpui, Dehradun and Kanpur providing better access to these airports.
v New
Doppler Very High Frequency Omnirange (DVOR) along with Distance Measuring
Equipment (DME) has been commissioned at Mysore, Jaipur, Allahabad, Amritsar,
Jalgaon, Indore, Porbandar and Katihar.
v Indian
Satellite Based Navigation System, GAGAN has progressed to provide GAGAN (GPS
Aided Geo Augmented Navigation) System signal in space for non-aviation users’
w.e.f. December 2011. The Ground systems which include 15 reference stations, 2
master control centers and 2 ground uplink stations have been integrated with
G-SAT-8 satellite which was launched on 21st May 201 I. Certification process
is under way and the system is expected to be ready for aviation use by July
2013, on completion of certification by DGCA
v Chennai
upper airspace harmonization - Chennai upper airspace has been restructured
above flight level 260 by integrating Radarinputs from 10 Radars into the new
ATM Automation System at Chennai permitting reduction in separation and uniform
application of procedures and paving way for seamless ATM in Chennai FIR The
project will be replicated in other FIRs.
v Reduction
of separation of 3 NM in Mumbai approach has been implemented.
v System
of web-based submission of flight plan for non-scheduled flights is under
implementation.
v Electronic
version of Aeronautical Information Publication has been hosted on AAI website
for evaluation.
v During
the year, 30 more airports were licensed by DGCA bringing the total number of
licensed airports to 55. Licenses in respect of 15 airports were renewed and
application for renewal in respect of 8 airports was submitted to the DGCA.
v The
Civil Aviation Training College (CATC) at Allahabad has been granted the ICAO
TRAIN AIR PLUS Associate Membership and the Quality Accredition Certificate ISO
9001:2008 has been revalidated.
v The
Indian Aviation Academy which is a Joint Training Institution for AAI, DGCA and
BCAS was operationalized during the year,
The Authority continued its trend of posting
higher revenues and profit during the year. The revenues of the Authority rose
to Rs. 58786.600 Millions from Rs. 51392.100 Millions in the previous year. The
profit after tax was Rs. 8590.100 Millions during the year as against Rs.
8463.900 Millions during the previous year.
FUTURE
OUTLOOK
The year 2011-12 posed many challenges
to the aviation sector in general and AAI in particular due to various reasons.
The coming years will continue to pose greater challenges for the Authority.
Focussed attention will need to be given for bringing out systemic improvements
in the working of the Organization and also for ensuring optimal utilization of
the resources. While efforts will have to be made on a continuous basis for
recovery of the dues from airlines and other agencies, the focus of development
of infrastructure will have to shift from major non-metro airports to airports
in Tier-ll and Tier-Ill cities. Since most of the Projects which are in
progress will be completed by next year, AAI will have to explore undertaking
projects with private participation and also undertake consultancy work for
creation of airport infrastructure in other developing countries. Efforts will
also have to be made for improving the performance standards of the airports in
order to stay competent in the industry since there is stiff competition from
the private airport operators. At the same time, AAI will have to take up with
the Government for creating a level playing field for AAI vis-a-vis private
airport operators especially in terms of levy of UDF for AAI managed airports.
In order to make the organization more
robust, support will be required from the Ministry of Civil Aviation by way of
realizing its dues from the airlines especially the national carrier, Air
India. In addition, proposals submitted by AAI to the Ministry of Civil
Aviation for sanctioning UDF for 9 non-major airports needs to be cleared at
the earliest to enable the Authority to reduce its financing charges. The
proposals of the Authority for withdrawing the concessions provided to airline
operators operating small aircrafts (80 Seaters), compensation against the
closure of Begumpet Airport at Hyderabad and HAL Airport at Bangalore Airport,
monetary infusion in the form of Government grants for revival of
small/non-operational airports and permission for issue of tax free bonds also
needs to be considered and sanctioned by the Ministry.
CONTINGENT
LIABILITIES
|
Particulars |
31.03.2012 Rs. In Millions |
|
Land cases |
2400.857 |
|
Compensation claims of accident |
189.857 |
|
Cases under arbitration |
4684.657 |
|
Claim against cargo |
147.108 |
|
Court cases |
1592.934 |
|
Sales tax/ Municipal tax/ Income tax etc. |
1455.148 |
|
Others |
1675.705 |
|
Total |
12146.266 |
FIXED
ASSETS
v
Land
v
Runways, Taxiways, Aprons, Roads Bridges and
Culverts
v
Building Freehold and Leasehold
v
Security Fencing
v
Plant and Machinery
v
Tools and Equipments
v
Computer, IT Hardware and Accessories
v
Vehicles
v
Aircraft
v
Electric Installations
v
Library Books
WEBSITE DETAILS
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 50 mtrs.
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 them 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 them to understand the changing aspirations of Airport users. During the first year of the millennium, AAI 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.
v ILS up to Cat-III
v VOR (CVOR/DVOR)
v DME
v NDB
v VGSI (PAPI, VASI)
v 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.
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. Subject 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 put to operation 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 of 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. 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. has been taken up 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 Delhi, CATC in Allahabad, Fire Training Centres at Delhi and Kolkata for in-house training of its engineers, Air Traffic Controllers, Rescue and Fire Fighting personnel etc. NIAMAR and CATC are members of ICAO TRAINER programme under which they share Standard Training Packages (STP) from a central pool for imparting training on various subjects. Both CATC and NIAMAR have also contributed a number of STPs to the Central pool under ICAO TRAINER programme. Foreign students have also been participating in the training programme being conducted by these institutions
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 information of interest to the public in general and passengers in particular.
PRESS RELEASE
New Delhi – 19th February, 2013 – AAI and SITA held a Joint Press Conference to mark the implementation of Common Use Passenger System (CUPS), Common Use Self‐service (CUSS) Kiosks including Flight Information Display System (FIDS) at 25 additional airports to further improve the passenger experience which has already been successfully implemented at 13 AAI airports. Out of the 25 airports, the system has been implemented at Chennai and Kolkata Airports. 11 airports will be covered in Phase‐II and another 13 in Phase‐III; total implementation will be completed by mid‐2013.As a long time perspective, the new facility will enable “Any‐time Any‐where Check‐in”.
Speaking on the occasion Chairman, AAI Shri VP Agrawal highlighted the importance of Remote Connectivity in the country which is need of the hour. Chairman emphasized that the vendors shall not miss the time‐line as the ontime performance of projects is very important to AAI.
All present appreciated AAI’s efforts in this direction.
Notes to the Editors
AAI PARTNERS WITH SITA TO FACILITATE PASSENGERS AT 25
INDIAN AIRPORTS THROUGH LATEST TECHNOLOGY
Airports
Authority of India upgrades to SITA’s passenger management systems
DELHI – 19 February 2013 – The Airports Authority of India (AAI) today announced that SITA, the global IT provider for the air transport industry, has been selected to equip 25 airports with its common-use passenger processing system to improve the experience of millions of passengers. This announcement follows the successful implementation of SITA’s common-use passenger processing system at 13 AAI airports, which was part the first phase of airports modernization plan by AAI. All these 38 airports managed by AAI will now enjoy the benefits of improved check-in, boarding and new self-service facilities thanks to SITA’s advanced technology.
In this seven-year agreement, SITA will provide AirportConnect Open, the common-use passenger processing system which allows airports to maximize the use of check-in counters and gates. SITA will supply 700 workstations together with multiple common use self-service (CUSS) kiosks across the 25 airports, including at Chennai, Kolkata and Pune. Through shared use among all the airlines operating at the airports, SITA’s CUSS kiosks offer multiple services to the passenger and will allow these airports to increase capacity during surges in traffic. This flexibility avoids the need to invest in fixed check-in areas. With the CUSS kiosks, SITA will provide an end-to-end managed solution complementing other airport check-in services available at the 25 airports.
As part of the above agreement, SITA has ensured the readiness of these systems before the inauguration of the new integrated terminals at Kolkata and Chennai Airports so as to ease the transition of Airlines. For more than 50 million passengers that use these 25 airports annually, this means that they will enjoy more efficient check-in and boarding and have self-service kiosks available.
V P Agrawal, Chairman, Airports Authority of India, said: “This strategic partnership with SITA is part of our Airports Modernisation Plan which includes the new integrated airports in Chennai and Kolkata. We have identified these two airports as having great potential to become major hubs serving many international airlines.
“Working together with SITA we have devised a solution that provides India’s airports with worldclass technology to provide flexibility to Airports and Airlines in enhancing passenger facilitation. We were pleased to agree a revenue-sharing model and are confident that this partnership with SITA will assist the future growth of Indian aviation.”
Hani El-Assaad, SITA President, Middle East, India and Africa, said: “SITA’s long-standing role in India’s aviation industry continues as we move forward with this seven-year agreement to supply world-class technology at 25 of the Airports Authority of India airports across the country. We look forward to developing the industry in line with global standards so that India’s hundreds of millions of passengers that fly each year enjoy a world-class experience.”
Maneesh Jaikrishna, SITA Vice President, India and Subcontinent, said:”SITA is already working with the AAI on this implementation and passengers will begin to experience the benefits of this new technology at the integrated passenger terminals in 2013.
“This project by AAI includes the largest multi-airport implementation of passenger systems in the country and will bring benefits to all stakeholders including airlines and passengers. The selfservice check-in kiosks will improve passenger processing and customer service, while maintaining flexibility for airports and airlines.”
AAI manages and operates 126 airports including 16 international airports across India and now with this roll out SITA’s technology will be used at more than 41 airports in India supporting the expansion and modernization of the country’s infrastructure.
The 25 airports
included as part of this agreement are:
|
Airport |
SITA Airport Connect Open |
|
Chennai International Airport, Chennai |
ü
|
|
Netaji Subhash Chandra Bose International Airport, Kolkata |
ü
|
|
Shaheed Bhagat Singh International Airport, Chandigarh |
ü
|
|
Mangalore International Airport |
ü
|
|
Devi Ahilya Bai Holkar (DABH) Airport, Indore |
ü
|
|
Pune Airport |
ü
|
|
Civil Airport Harni, Vadodara |
ü
|
|
Veer Savarkar International Airport, Port Blair |
ü
|
|
Jammu Civil Enclave, Jammu |
ü
|
|
Jay Prakash Narayan International Airport, Patna |
ü
|
|
Customs Airport, Bagdogra (Civil Enclave),Bagdogra |
ü
|
|
Visakhapatnam Airport |
ü
|
|
Civil Airport, Agartala |
ü
|
|
Swami Vivekananda Airport, Raipur |
ü
|
|
Imphal Airport |
ü
|
|
Biju Patnaik Airport , Bhubaneswar |
ü
|
|
Madurai Airport |
ü
|
|
Raja Bhoj Airport , Bhopal |
ü
|
|
Aurangabad Airport |
ü
|
|
Dibrugarh Airport |
ü
|
|
Birsa Munda Airport, Ranchi |
ü
|
|
Kushok Bakula Rimpochee Airport, Leh |
ü
|
|
Rajkot Airport |
ü
|
|
Tirupati Airport |
ü
|
|
Silchar Airport |
ü
|
About SITA
SITA is the world's leading specialist in air transport communications and IT solutions. SITA delivers and manages business solutions for airline, airport, GDS, government and other customers over the world’s most extensive network, which forms the communications backbone of the global air transport industry.
SITA’s portfolio includes managed global communications, infrastructure and outsourcing services, as well as services for airline commercial management and passenger operations, flight operations, aircraft operations and air-to-ground communications, airport management and operations, baggage operations, transportation security and border management, cargo operations and more.
With a customer service team of over 2,000 staff around the world, SITA invests significantly in achieving best-in-class customer service, providing integrated local and global support for both its communications and IT application services.
SITA has two main subsidiaries: OnAir, which is the leading provider of in-flight connectivity, and CHAMP Cargosystems, the world's only IT company dedicated solely to air cargo. SITA also operates two joint ventures providing services to the air transport community: Aviareto for aircraft asset management and CertiPath for secure electronic identity management.
SITA has been an active member in the Indian air transport community for over 60 years. SITA has been instrumental in bringing new technology to India and it has always been SITA’s endeavor to assist the Indian Aviation revolutionize its operations and touch new heights. Today, we are involved in all aspects of air transport in India, from the cockpit to the baggage carousel, from airline operations to airport management. SITA is currently providing solutions to 41 airports out of 45 Indian airports which are earmarked for upgradation and all domestic and international airlines.
SITA is one of the world's most international companies. Its
global reach is based on local presence, with services for over 500 air
transport industry members and 2,700 customers in over 200 countries and
territories. Set up in 1949 with 11 member airlines, SITA today employs people
of more than 140 nationalities, speaking over 70 different languages. SITA had
consolidated revenues of US$1.517 billion (€1.09 billion) in 2011. For further
information go to www.sita.aero
About Airports Authority of India
The Airports Authority of India (AAI) is an organization working under the Ministry of Civil Aviation that manages most of the airports in India. The AAI manages and operates 126 airports and 329 airstrips[1] including 16 international airports,[2] 89 domestic airports and 26 civil enclaves.
New Delhi, 13th February, 2013 ‐
Airports Authority
of India is participating in the World ATM Congress 2013 being held at Madrid,
Spain from 12th to 14th February, 2013
World ATM Congress,
an international event being organized by the Global ATM Industry, which is the
first major industry gathering following the ICAO 12th Air Navigation Congress
in November, 2012 is being held at Madrid in
collaboration by
CANSO and ATCA.
AAI has set up its
stall in the exhibition depicting development and growth in the ANS and airport
infrastructure development. Airports Authority of India’s delegation lead by
Shri V Somasundaram, Member (ANS), Shri PK Kapoor, Executive Director(IT), Shri
GS Bawa, GM(PR) Shri AK Dutta, GM(ATM), Shri SK Bhattacharya, GM(CNS), Shri
S.Swaminathan, JGM(ATM), Shri Vineet Gera, AGM(GAGAN) and is participating in
the event. There were maximum footfalls in the Indian pavillion at Madrid.
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. 54.29 |
|
|
1 |
Rs. 81.09 |
|
Euro |
1 |
Rs. 70.61 |
INFORMATION DETAILS
|
Report Prepared
by : |
BVA |
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 |
YES |
|
--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 |
|
DEFAULTERS |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
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.