|
Report Date : |
15.12.2014 |
IDENTIFICATION DETAILS
|
Name : |
KANDLA PORT TRUST |
|
|
|
|
Registered
Office : |
Business Development Cell, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Year of
Establishment: |
Not Divulged |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
Not Available |
|
|
|
|
Legal Form : |
Trust |
|
|
|
|
Line of Business
: |
Providing Efficient and Economical Port Services. |
|
|
|
|
No. of Employees
: |
Information denied by the management. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (50) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well-established port having satisfactory track record. It
plays a major role in the country’s international trade. Financial position of the port is sound. It was awarded with the major port of the year award at MALA 2013. Trustees are reported to be well experiences and knowledgeable people.
Trade relations are reported to be decent. Business is active.
Payments terms are reported to be usually correct. The trust can be considered for business dealings at usual trade terms
and conditions. |
NOTES :
Any query related to this report can be made on
e-mail : infodept@mirainform.com
while quoting report number, name and date.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
Not Available |
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
31-03-2014.
INFORMATION DECLINED
MANAGEMENT NON – COOPERATIVE (91-2836-238055)
LOCATIONS
|
Registered Office : |
Business Development Cell, |
|
Tel. No.: |
91-2836-238055 |
|
Mobile No.: |
91-9825227914 [Mr. Ramakrishnan] |
|
Fax No.: |
91-2836-239055 |
|
E-Mail : |
MANAGEMENT
|
Name : |
Mr. Ravi M Parmar, IAS |
|
Designation : |
Chairman,(I/C) |
|
Office: |
Administrative |
|
Tel. No.: |
91-2836-233001 |
|
|
|
|
Name : |
Mr. H.K. Sibal |
|
Designation : |
Deputy Chairman(I/C), |
|
Office: |
Administrative |
|
Tel. No.: |
91-2836-234121 |
|
|
|
|
Name : |
Mr. Ravindra Goyal, IRTS |
|
Designation : |
Chief Freight Traffic Manager |
|
Office: |
Office of CFTM, Western Railway H.Q. |
|
Mobile No.: |
91- 9004490902 |
|
Fax No.: |
91-22 – 22014597/22017631 |
|
Email No.: |
|
|
|
|
|
Name : |
Mr. Amrendra Kumar Rakesh, IAS |
|
Designation : |
Chief Executive Officer and Vice Chairman, Trustee,KPT |
|
Office: |
Gujarat Maritime Board, Opposite Airforce Station, Sector
10-A, |
|
Fax No.: |
91-79-23234703 |
|
Email No.: |
|
|
|
|
|
Name : |
CMDE BR Prakash |
|
Designation : |
Naval Officer- In Charge (NOIC), |
|
Office: |
Naval Base,Post Box No.66, Porbander-360 575, |
|
Mobile No.: |
91- 9825209025 |
|
|
|
|
Name : |
Mr. Sanjay Gehlot,IRS |
|
Designation : |
Commissioner of Customs, Trustee,KPT |
|
Office : |
"Custom House" New – Kandla, |
|
Tel No.: |
91-79-27544630 |
|
|
|
|
Name : |
Mr. DIG B.K.Loshali, |
|
Designation : |
Trustee,KPT |
|
Office : |
Commander , Chief of Staff, Regional Head Quarters,( NW ) 7th Floor, |
|
Mobile No.: |
91-9825415140 |
|
|
|
|
Name : |
Capt. R.K.Awasthi |
|
Designation : |
Principal Officer |
|
Office : |
Mercantile Marine Department Plot No. 16 Govt. Office Area
, B/h.KPT A O. Building, Near Maitri Bhavan, Gandhidham (Kutch) -370 201, |
|
Mobile No.: |
91-09819566781 |
|
Tel No.: |
91-2836-297127/28 |
|
Fax No.: |
91-2836-29712 |
|
|
|
|
Name : |
Mr. M L Bellani |
|
Designation : |
Trustee |
|
Office : |
Office No.21, |
|
Mobile No.: |
91- 9825227057 |
|
|
|
|
Name : |
Mr. Mohan K Aswani |
|
Designation : |
Trustee |
|
Office : |
|
|
Mobile No.: |
91-9426271108 |
|
|
|
|
Name : |
Lakhwinder Singh,IFS |
|
Designation : |
Trustee,KPT (Rep. Ministry of Environment, |
|
Office : |
Regional Office(WZ) , E-5, Kendriya Paryavaran Bhavan E-5 Area Colony, Link Road-3, Ravi Shankar Nagar, Bhopal-462016, Madhya Pradesh, India |
|
Tel No.: |
91-755-2465054/2465496, |
|
Fax No.: |
91-755- 2466525 |
|
Mobile No.: |
91- 09617001213 |
KEY EXECUTIVES
ADMINISTRATION
DEPARTMENT
|
Sr. No |
Name |
Designation |
Tel. No. Office |
Email Id |
|
1 |
Shri Bimal Kumar
Jha |
Secretary |
233172 |
secretary@kandlaport.com |
|
2 |
Shri MD. Feroz
Hussain |
Sr. Dy.
Secretary |
220033 |
|
|
3 |
Shri P.B
Thengadi |
Dy.
Secretary |
221375 |
FINANCE DEPARTMENT
|
Sr. No |
Name |
Designation |
Tel. No. Office |
Mobile no. |
Email Id |
|
1 |
|
FA &
CAO |
233174 |
|
|
|
2 |
Shri Krishnan A. |
Sr. Dy CAO |
220214 |
9825227036 |
|
|
3 |
Shri Rama Shankar Singh |
Dy. FA & CAO |
220543 |
9726088222 |
|
|
4 |
Shri N.B.V. Ramana
Rao |
Sr. Dy. Director
(EDP) |
|
|
|
|
5 |
Shir A.K Gupta |
DD (EDP) |
271056 |
|
TRAFFIC DEPARTMENT
|
Sr. No |
Name |
Designation |
Tel. No. Office |
Mobile no. |
Email Id |
|
1 |
Shri M.S.
Balani |
Traffic manager |
270625 |
9825227047 |
|
|
2 |
Shri Suresh Babu |
Sr. Dy. T.M |
270324 |
9825227049 |
|
|
3 |
|
|
|
|
MARINE DEPARTMENT
|
Sr. No |
Name |
Designation |
Tel. No. Office |
Mobile no. |
Email Id |
|
1 |
Capt. H.K.
Sibal |
Dy.
Conservator |
233585 |
9825227043 |
|
|
2 |
Capt. T.
Srinivas |
Harbour
master |
270201 |
9825232982 |
MECHANICAL
ENGINEERING DEPARTMENT
|
Sr. No |
Name |
Designation |
Tel No. Office |
Mobile no. |
Email Id |
|
1 |
Shri K. Ratna
Sudhakar |
Chief.
Mechanical Engineer |
270632 |
9825226944 |
|
|
2 |
Shri Saroj Kumar
Das |
Dy. Chief
Mechanical Engineer |
270426 |
9825235196 |
|
|
3 |
Shri J.K Verma |
Dy. Materials
manager |
234444 |
9825227255 |
|
|
4 |
Shri P.S Pathan |
XEN ( Electrical
) |
270354 |
9726288222 |
CIVIL ENGINEERING
DEPARTMENT
|
Sr. No |
Name |
Designation |
Tel. No. Office |
Mobile no. |
Email Id |
|
1 |
Shri R.
Murugadoss |
Chief
Engineer |
233192 |
9825227243 |
|
|
2 |
|
SE ( P ) |
233569 |
|
|
|
3 |
Shri D.D Somaiya |
SE ( C ) |
270419 |
9825227203 |
|
|
4 |
|
SE ( C-1 ) |
270787 |
|
|
|
5 |
Shri N.M Parmar |
SE ( H ) |
270429 |
9825227046 |
MEDICAL DEPARTMENT
|
Sr. No |
Name |
Designation |
Tel. No. Office |
Mobile no. |
Email Id |
|
1 |
Dr. Kalindi
Gandhi |
Chief
Medical Officer |
225767 |
9825505795 |
OOT VADINAR
|
Sr. No |
Name |
Designation |
Tel. No. Office |
Mobile no. |
Email Id |
|
1 |
Dr. G.S. Rao |
Chief Operat.
Manager |
256749 |
9825212360 |
BUSINESS DETAILS
|
Line of Business : |
Providing Efficient and Economical Port Services. |
|
|
|
|
Brand Names : |
Not Divulged |
|
|
|
|
Agencies Held : |
Not Divulged |
|
|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
Not Divulged |
|
|
|
|
Terms : |
Not Divulged |
GENERAL INFORMATION
|
Suppliers : |
|
|||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||
|
Customers : |
|
|||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||
|
No. of Employees : |
Information denied by the management |
|||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||
|
Bankers : |
|
|
|
|
|
Banking Relations
: |
-- |
|
|
|
|
Auditors : |
Not Divulged |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Sister Concern: |
Not Divulged |
CAPITAL STRUCTURE
|
Capital Investment : |
|
|
Owned : |
Not Available |
|
Borrowed : |
Not Available |
|
Total : |
Not Available |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2014 |
31.03.2013 |
|
SHAREHOLDERS FUNDS |
|
|
|
|
RESERVES AND SURPLUS |
|
|
|
|
Capital reserve |
|
15576.554 |
13802.284 |
|
Revenue reserves |
|
16115.450 |
17865.840 |
|
Statutory reserves |
|
3028.978 |
3609.092 |
|
Infrastructure resereve |
|
1221.145 |
848.321 |
|
|
|
35942.127 |
36125.537 |
|
LOAN FUNDS |
|
|
|
|
Government loans |
|
161.162 |
161.162 |
|
|
|
|
|
|
TOTAL |
|
36103.289 |
36286.699 |
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
FIXED CAPITAL ASSET |
|
|
|
|
Gross block |
|
13432.782 |
12775.965 |
|
Less Depreciation provision |
|
5144.510 |
4651.809 |
|
Add: Capital work in progress |
|
3188.298 |
2342.890 |
|
|
|
11476.570 |
10467.046 |
|
INVESTMENT General investment |
|
21022.507 |
22220.356 |
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
Current assets |
|
|
|
|
i) Accrued interest |
|
|
|
|
on Provident fund investment |
|
216.490
|
221.125
|
|
on New Pension Scheme Investments |
|
2.339
|
1.695
|
|
on General fund investment |
|
1245.563
|
1345.941
|
|
Inventeries |
|
15.183
|
16.680
|
|
Sundry debtors |
|
|
|
|
More than six month |
|
722.053
|
618.417
|
|
Less than six month |
|
539.588
|
501.375
|
|
Cash and bank balances |
|
806.313
|
648.422
|
|
Provident fund investments |
|
2566.650
|
2474.365
|
|
New Pension Scheme Investments |
|
52.500
|
31.500
|
|
Loans and advances |
|
|
|
|
Advances & debit balance |
|
6843.684
|
4627.755
|
|
Deposits |
|
236.999
|
233.193
|
|
Advance tax |
|
2721.133
|
2292.132
|
|
|
|
15968.495
|
13012.600
|
|
|
|
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
12364.283
|
9413.303
|
|
Total
Current Liabilities |
|
12364.283
|
9413.303
|
|
Net Current Assets |
|
3604.212
|
3599.297
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.000 |
0.000 |
|
|
|
|
|
|
TOTAL |
|
36103.289 |
36286.699 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
|
|
SALES |
|
|
|
|
|
CARGO HANDLING & STORAGE CHARGES |
|
2465.891 |
3004.389 |
|
|
PORT & DOCK CHARGE |
|
3854.403 |
3953.144 |
|
|
RAILWAY EARNINGS |
|
7.723 |
10.422 |
|
|
ESTATE RENTALS |
|
1113.198 |
836.155 |
|
|
TOTAL OPERATING INCOME |
|
7441.215 |
7804.110 |
|
|
|
|
|
|
|
|
EXPENSES |
|
|
|
|
|
CARGO HANDLING & STORAGES |
|
1249.419 |
1328.907 |
|
|
PORT & DOCK FACILITIES |
|
3312.860 |
2462.687 |
|
|
RAILWAY WORKINGS |
|
11.709 |
27.180 |
|
|
RENTABLE LAND & BUILDINGS |
|
408.172 |
355.182 |
|
|
MANAGEMENT & GENERAL ADMINISTRATION |
|
1020.083 |
975.716 |
|
|
TOTAL OPERATING EXPENDITURE |
|
6002.243 |
5149.672 |
|
|
|
|
|
|
|
|
OPERATING SURPLUS / DEFICIT: |
|
1438.972 |
2654.438 |
|
|
|
|
|
|
|
|
ADD: FINANCE & MISCELLANEOUS INCOME |
|
2639.236 |
2025.227 |
|
|
|
|
|
|
|
|
LESS: FINANCE & MISCELLANEOUS EXPENDITURE |
|
2746.723 |
783.034 |
|
|
|
|
|
|
|
|
PROFIT BEFORE TAX |
|
1331.485 |
3896.631 |
|
|
|
|
|
|
|
|
PROVISION FOR DEFERRED TAX |
|
17.335 |
0.000 |
|
|
|
|
|
|
|
|
INCOME TAX FOR THE YEAR |
|
954.700 |
1323.953 |
|
|
|
|
|
|
|
|
PROFIT AFTER TAX |
|
359.450 |
2572.678 |
|
|
|
|
|
|
|
|
ADD: INCOME TAX REFUNDED |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
AMOUNT AVAILABLE FOR APPROPRIATION |
|
359.450 |
2572.678 |
|
|
|
|
|
|
|
|
PROFIT ON DISPOSAL OF CAPITAL ASSETS |
|
45.724 |
0.000 |
|
|
CONTRIBUTION TO INFRASTRUCTURE RESEREVE |
|
294.926 |
242.110 |
|
|
CONTRIBUTION TO CAPITAL ASSETS REPLACEMENT RESERVE |
|
77.492 |
219.842 |
|
|
CONTRIBUTION TO RESERVE FOR REPLACEMENT REHABILITATION&MODERNISATION OF ASSETS |
|
356.792 |
351.704 |
|
|
CONTRIBUTION TO RESERVE FOR DEVELOPMENT REPAYMENT & CONTINGENCIES |
|
356.792 |
351.704 |
|
|
TOTAL APPROPRIATIONS |
|
1131.726 |
1165.360 |
|
|
|
|
|
|
|
|
BALANCE TRANSFERRED TO GENERAL RESERVE |
|
(772.276) |
1407.318 |
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 |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact
person |
No |
|
11] |
Turnover of firm for last
two years |
Yes |
|
12] |
Profitability for last
two years |
Yes |
|
13] |
Reasons for variation
<> 20% |
-- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
No |
|
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 |
-- |
|
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 |
FUTURE DEVELOPMENT:
LONG TERM STRATEGIES:
The long-term
strategy of tech port will be adequate infrastructure and competitive tariff.
SHORT TERM
STRATEGIES:
Under the present scenario, the short-term strategy by
MEDIUM TERM STRATEGIES:
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 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.62.44 |
|
|
1 |
Rs.98.15 |
|
Euro |
1 |
Rs.77.38 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYT |
|
|
|
|
Analysis Done by
: |
DIV |
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Report Prepared
by : |
KVT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILITY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
50 |
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.