|
Report Date : |
07.01.2014 |
IDENTIFICATION DETAILS
|
Name : |
KANDLA PORT TRUST |
|
|
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|
Registered
Office : |
Business Development Cell, P.O. Box 50, Administrative Building, Gandhidham,
Kutch-370201, Gujarat |
|
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Country : |
India |
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|
|
Year of
Establishment : |
Not Divulged |
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Capital
Investment / Paid-up Capital : |
Not Divulged |
|
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Legal Form : |
Trust |
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|
Line of Business
: |
Providing Efficient and Economical Port Services. |
|
|
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|
No. of Employees
: |
Information denied by the management. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (48) |
|
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 : |
Exist |
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|
Comments : |
Subject is a well established port having satisfactory track record.
It plays a major role in the country’s international trade. Operating income has seen year on year increasing. It was awarded with the major port of the year award at MALA 2013. Trustees are reported to be well experienced and knowledgeable people.
Trade relations are reported as 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.
INDIAN ECONOMIC OVERVIEW
India’s current
account deficit narrowed in the quarter ended September as government measures
to curb imports, especially gold, kicked in. The current account deficit,
the excess of a country’s imports of goods and services over exports, narrowed
to $ 5.2 billion from $ 21 billion in the year ago period, according to
provisional Reserve Bank of India data. Finance Minister P. Chidambaram said
the CAD for the year will be less than $ 60 billion or 3 per cent of GDP and
the latest data suggests the government may achieve the target.
India was ranked 94th
among the world’s most corrupt nations list. Denmark and New Zealand topped as
the cleanest while Somalia emerged as the most corrupt.
India’s services
sector activity witnessed a moderate improvement in November over the previous
month, even while indicating the fifth successive monthly contraction,
according the HSBC survey.
$53 million
estimated losses suffered by India due to phishing attacks during the third
quarter, according to a study by RSA. India ranks fourth in the list of nations
hit by phishing attacks. The US remained at the top of the charts. Phishing is
the process of acquiring information such as user names, passwords and credit
card details by sending e-mails disguised as official mails.
Rs.4080 million
worth of mobile-phone-based transactions by July 2013 compared to Rs.260
million in September, 2012, according to Deloitte report. The number of
transactions has shot up from 94000 to 701000.
India aims to earn
Rs.400000 million from the bandwidth auction set for January. The merger and
acquisition guidelines, cleared by a group of ministers, will be out before the
auction begins so that players can make informed decisions on the auctions.
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
|
Name : |
Mr. Ramakrishnan |
|
Designation : |
Finance Department |
|
Contact No.: |
91-9825227914 |
|
Date : |
04.01.2014 |
LOCATIONS
|
Registered Office : |
Business Development Cell, P.O. Box 50, Administrative Building,
Gandhidham, Kutch-370201, Gujarat, India
|
|
Tel. No.: |
91-2836-238055 |
|
Mobile No.: |
91-9825227914 [Mr. Ramakrishnan] |
|
Fax No.: |
91-2836-239055 |
|
E-Mail : |
MANAGEMENT
|
Name : |
Mr. Ravindra Goyal, IRTS |
|
Designation : |
Chief Freight Traffic Manager |
|
|
|
|
Name : |
Mr. Amrendra Kumar Rakesh, IAS |
|
Designation : |
Chief Executive Officer and Vice Chairman |
|
|
|
|
Name : |
Mr. Murari Ramdayal Sharma |
|
Designation : |
Trustee |
|
|
|
|
Name : |
Mr. Dinesh Rajaputhran |
|
Designation : |
Trustee |
|
Office : |
Commander Coast Guard, Regional Head Quarters, North West, 7th
Floor, Udyog Bhavan, Sector 2, Gandhidham, Gujarat, India |
|
|
|
|
Name : |
Mr. Jasjeetsingh Uppal |
|
Designation : |
Principal Officer |
|
Office : |
Mercantile Marine Department, Super Market, Punjab Raditors and
Batteries, 1st Floor, Room No. 101, 102 and 103, Plot No. 16,
Sector 9A, Near Punjab National Bank, Gandhidham, Kutch-370201, Gujarat,
India |
|
Mobile No.: |
91-9979669659 |
|
Fax No.: |
91-2836-225375 |
|
Email: |
|
|
|
|
|
Name : |
Mr. Sanjay Thakrar |
|
Designation : |
Trustee |
|
Office : |
Synergy Seaports Private Limited, 103, Level 1, Rishabh Corner, Plot No.
93, Sector 8, Tagore Road, Gandhidham, Kutch, Gujarat, India Gujarat Maritime Board, Opposite Airforce Station, Sector 10-A,
Gandhinagar, Gujarat, India Mobile No.: 91-9978406004 Fax No.: 91-79-23234703 Email: amfaad1@sancharnet.in
|
|
|
|
|
Name : |
Mr. K L Goel, IRS |
|
Designation : |
Commissioner of Customs |
|
|
|
|
Name : |
CMDE BR Prakash |
|
Designation : |
Naval Officer- In Charge (NOIC), Gujarat |
|
|
|
|
Name : |
Mr. Ashok R. Chawla |
|
Designation : |
Trustee |
|
Office : |
Paras Building Products Private Limited, Plot No. 1, Sector 8, Tagore
Road, Gandhidham, Kutch, Gujarat, India |
|
|
|
|
Name : |
Mr. M L Bellani |
|
Designation : |
Trustee |
|
|
|
|
Name : |
Mr. Shanabhai Z. Patel |
|
Designation : |
Trustee |
|
Office : |
45, Sarthi, V-3, Behind Drive In, In Front of Goyal Intercity,
Ahmedabad-380054, Gujarat, India |
|
Mobile No.: |
91-9825415140 |
|
|
|
|
Name : |
Dr. Chandrikaben Chudasma |
|
Designation : |
Trustee |
|
Office : |
Plot No. 346, Sector No. 1, Gandhinagar-382001, Gujarat, India |
|
Mobile No.: |
91-9824366033 |
|
|
|
|
Name : |
Mr. Jahangir Khan A. Pathan |
|
Designation : |
Trustee |
|
Office : |
Chandranagar Society, Bunglow No. 1, Palej, Bharuch, Gujarat, India |
|
Mobile No.: |
91-9824793485 |
|
|
|
|
Name : |
Mr. Yogesh Mehta |
|
Designation : |
Trustee |
|
Office : |
Cargo Movers, Cargo House, BBZ-32-A, Gandhidham, Kutch, Gujarat, India
|
|
Mobile No.: |
91-9825225205 |
|
Tel No.: |
91-2836-220453 |
|
Email: |
|
|
|
|
|
Name : |
Mr. R. Murugadoss |
|
Designation : |
Chief Engineer |
|
|
|
|
Name : |
Mr. H K Sibal |
|
Designation : |
Deputy Conservator |
|
|
|
|
Name : |
Dr. G S Roa |
|
Designation : |
Chief Operation Manager |
|
|
|
|
Name : |
Mr. P Ramjee, IPS |
|
Designation : |
Chief Vigilance Officer |
|
|
|
|
Name : |
Mr. Mohan K Aswani |
|
Designation : |
Trustee |
KEY EXECUTIVES
|
Name : |
Mr. Ramakrishnan |
|
Designation : |
Finance Department |
|
|
|
|
Name : |
Mr. Bimal Kumar Jha |
|
Designation : |
Secretary |
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
|
No. of Employees : |
Information denied by the management. |
|
|
|
|
Bankers : |
Not Available |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
Not Available |
CAPITAL STRUCTURE
|
Capital Investment : |
|
|
Owned : |
Not Divulged |
|
Borrowed : |
Not Divulged |
|
Total : |
Not Divulged |
FINANCIAL DATA
[all figures are
in Rupees Millions]
FINANCIAL
PERFORMANCE
|
Particulars |
2012-13 |
2011-12 |
2010-11 |
|
Cargo
Handled (MMT) |
93.62 |
82.5 |
81.88 |
|
No.
of Vessels Handled( in NO) |
2734 |
2714 |
2692 |
|
Operating
Income (in Millions) |
7804.100 |
6237.100 |
4919.100 |
|
Operating
Exp.( in Millions) |
5149.700 |
5059.800 |
3821.600 |
|
Operating
Surplus( in Millions) |
2654.400 |
1177.300 |
1097.500 |
|
Operating
Ratio( in % ) |
65.99
% |
81.12
% |
77.68
% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by
Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
No |
|
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 |
Yes |
|
10] |
Designation of contact person |
Yes |
|
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 |
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 |
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] |
PAN of Proprietor/Partner/Director, if available |
No |
|
32] |
Date
of Birth 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 |
HIGH COURT OF
GUJARAT
ADMIRALTY SUIT NO.
15 OF 2011
|
Status: Pending (Converted
From: ST/2770/2011)
CCIN No: 001051201100015 |
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|
Last Listing Date: 03.10.2011 |
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Coram: |
Honourable Mr. Justice K.M. Thaker |
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Name of The Petitioner |
Advocate On Record |
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Adani Wilmar Limited |
Mrs. VD Nanavati For: Petitioner (s) 1 |
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Name of the Respondent |
Advocate on Record |
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KANDLA PORT
TRUST |
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Classification |
SJ-OJ-SUIT-Admirality Jurisdiction (Contral)
Act, 1860 – Appointment of Arbitrator – U/S 11 |
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Act |
Colonial Courts of Admiralty (India) Act,
1891 |
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OFFICE DETAILS |
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CERTIFIED COPY |
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FUTURE DEVELOPMENT:
LONG TERM STRATEGIES:
The long-term
strategy of tech port will be adequate infrastructure and competitive tariff.
· Additional infrastructure
· Deepening the channel to handle vessels up to 14 mtrs. draft.
· Installation of Eight ELL cranes of 20/25 tons capacity.
· Deep draft multi-purpose berths at Vadinar.
· Commissioning of 13th cargo berth.
· Development of container Terminal on BOT basis.
· Privatization of various port services.
· E-Customer relationship management.
· Entering into long-term contracts with various exporters/importers who assure guaranteed traffic. To provide the required infrastructure and other handling facilities by the port and fix separate tariff of such long-term contracts.
· Offering of the existing infrastructure facilities to various exporters/importers on BOT basis to enhance the traffic.
SHORT TERM
STRATEGIES:
Under the present scenario, the short-term strategy by Kandla Port will be to retain the present cargoes and customers. The growth rate in the present cargoes and organizational growth of the present customers will translate into growth of the Port of Kandla, therefore, the short term relation is adopted by Kandla Port.
· Lowest cost strategy.
· Retention of cargo based on strength of the port.
· Making the efforts to overcome the weakness and threats.
· To adopt a pro-active marketing strategy.
· Augmentation of the existing infrastructural port facilities.
· The work relating to extension of customs bounded are for storage of bulk cargo by an area of 76.5 hectars is already under implementation and the total cost of this project is Rs. 150.000 Millions. After commissioning of the scheme there will be addition of 10 lakh tones storage capacity and this scheme is likely to be completed by the year 2002.
· It is also planned to provide railway siding facilities in the area at the estimated cost of Rs. 100.000 Millions.
· It is planned to undertake dredging to handle vessels upto 12 mtrs. draft and thereby increasing the parcel size of bulk cargo and bigger container vessels.
· A 50 tons BP bugs being procured at a cost of Rs. 200.000 Millions for handling ULCCs at Vadinar.
· 210 meter quay face barge handling facility at bunder basin would be constructed with open stacking area measuring 40000 sq. meters to store the additional cargo of 88000 tons. The estimated cost of the scheme is Rs 189.700 Millions and its likely to be completed by March 2003.
· Conversion of Samakhiali - Palanpur railway track to broad guage to reduce the distance by 130 kms. from the hinterland, to be executed through SPV at the cost of Rs.3429.600 Millions. Kandla Port shall contribute Rs. 514.400 Millions to the SPV being 30% equity share holding of the 50% estimated cost of the project to be contributed by promoters.
· Modernization and extension of railway network at a cost of Rs.20.000 Millions to enable faster movement of cargo from that port.
· Four new godowns are being constructed at a cost of Rs. 60.000 Millions. The additional storage capacity of 85000 MT would become available. The new godowns are likely to be completed by March 2002.
· The tenders for 11th cargo berth have been received for Rs. 360.000 Millions. Work order will be awarded to the lowest tenders NEC Limited Vishakhapatanam after receiving clearance from Ministry Of Environment And Forest.
· The scheme relating to procurement of Eight ELL cranes of 16 MT capacity and 25 MT capacity is being implemented at the estimated cost of Rs. 700.000 Millions to be installed and commissioned by October 2004 to October 2005.
MEDIUM TERM STRATEGIES:
· Augmentation of infrastructure facilities for handling bulk, break-bulk, container and liquid cargo.
· Commissioning of 12th cargo berth.
· Deeping of the channel to handle vessels upto 13 mtrs draft.
· Commissioning of two new godown with 4300 MT capacity.
NEWS
KANDLA
PORT TRUST AWARDED WITH THE MAJOR PORT OF THE YEAR AWARD AT MALA – 2013
CONSEQUENTLY FOURTH TIME IN A ROW.
Kandla Port Trust (KPT) has a prominent winner at the prestigious
Maritime and Logistics Awards (MALA) - 2013, organized by Exim India, on the
evening of Friday the 6th September 2013, consequently fourth time in a row.
The Kandla Port has adjudged the Major Port of the Year over the other
Indian Major Ports. The nominees were
Jawaharlal Nehru Port Trust, Chennai Port Trust Port Trust and Kandla Port
Trust.
Dr. PD Vaghela, IAS, Chairman, KPT, had received the award trophy and
certificate from Mr. Marc Van Peel,
President of Port of Antwerp and Member of Parliament of Belgium, in a gala
function held at Mumbai. The award was also announced by Mr. Marc Van Peel,
Chairman of the Port of Antwerp. The function was also witnessed by Mr. Sanjay
Bhaty, Incharge-BDC of Kandla Port Trust.
The awards were chosen by a distinguished jury, headed by Mr. PN
Roychodhury, former Additional Chief Secretary of Government of Gujarat and
comprising of stalwarts of the Shipping industry’s including Mr. Hegde,
Director of alcargo.
Kandla Port retains its glory and Number - 1 position for the fifth year
in a row by crossing the Ministry’s cargo handling target of 89.00 Million
Metric Tons mark during the fiscal 2012-13 and Creates National History in
Cargo Handling by attaining 93.63 Million Metric Tons mark, 13% increase over
the last year’s traffic of 82.501 MMT. There is an increase of 11.12 MMTs. The
Port’s throughput was impressive, considering the fact that the Port utilized
more than its total cargo handling capacity of 92.02 MMT and the fact that all
major ports together has registered a minus growth rate of (-) 2.58%. The
performance is hence more commendable as it came despite continuing impact of
Global economic recession and Industrial slowdown in the country's economy.
The Kandla Port Trust and Mr. PD Vaghela, Chairman, KPT, feels proud of
these achievements and take this opportunity to extend sincere thanks to the
Trade of India, highly innovative Port Users, the ever friendly media, Trustees
and the dedicated workforce and their union leaders for their unrelenting
support, co-operation and appreciation without which the Port could not have
attained the position it holds in the Indian Port Sector today.
Amongst the twelve Major Ports in the country,
Kandla occupies an enviable position, both in terms of International Maritime
Trade tonnage handled and financial stability and self-sufficiency attained
year after year.
Kandla - A gate-way to the north-western
part of India consisting of a vast hinterland of 1 million sq. kms. Stretched
throughout 9 States from Gujarat to Jammu and Kashmir, the Kandla Port has a
unique locational advantage. The Port’s hinterland is well connected with
infrastructural net-work of Broad Gauge railway systems as well as States
and National Highways.
Kandla Port has emerged as NUMERO UNO
amongst all the Major Ports in India, in recent years. It has achieved several
milestones and is still heading towards achieving new records. For development and modernization of Port Infrastructure, Kandla Port has embarked upon to Set
up a Mega state-of-art Container Terminal at Tuna- Tekra, in Gulf of Kutch
outside Kandla Creek on BOT Basis under PPP Mode at an estimated cost of
Rs 59920.000 Millions for handling containerized cargo through deep draughted
vessels. The Tuna-Tekra area is about 10 kms on south of existing Tuna
Port, which is well connected with existing National Highway 8 A through two
lane wide road connectivity, which will be widened to six lane in phased
manner. Within next one year, the Tuna Port will also be provided with Broad
Gauge rail connectivity, for which Western Railway Authorities has already been
awarded the Project.
Further, in the last 4 years, Kandla Port has
taken major development which are noteworthy for any Government Port.
1.
Kandla Port has added 30 million cargo handling in the last 4
years which is 44% jump which is one of the highest amongst all the Major Ports
of India.
2.
Kandla Port has increased its Customs Bound area from
66 hectares to 140 hectares thereby increasing the existing storage area by
112%.
3. In the last 4 years
Kandla has increased covered godown capacity from 3.58,000 tonnes to 6,47,000
tonnes i.e. 80% increase in just 4 years.
4. Same way internal
Railway lines of Kandla Port have increased from 13 kilometers to 20
kilometers. Thus increase than more than 50%. If you consider 22 kms. Railway
line under construction, the increase will be 223%.
5. Also when it comes to
navigation Kandla Port has added 6 Floating Tugs to existing 7 tugs (more than
50%) mooring launches from 6 to 10, 4 mobile cranes have been added to existing
12 cranes (33%).
Thus, Port of Kandla is all set and committed
to fulfill its vision to be a Global Logistic Hub in the Asian continent.
KANDLA PORT TRUST LAND SCAM: CBI FILES REPORT IN
DELHI HC
Wednesday, Jan 18, 2012,
The agency, in a fresh status report filed said
that it has filed charge sheets in two cases and the probe in other two matters
has concluded.
The CBI on Wednesday apprised the Delhi High Court
about the current status of four cases lodged against various persons including
two former chairman of Kandla Port Trust for allegedly leasing out 16,000 acres
of government land at throwaway prices.
The agency, in a fresh status report filed before a
bench headed by Acting Chief Justice AK Sikri, said that it has filed charge
sheets in two cases and the probe in other two matters has concluded.
Dealing with the progress made in one of the cases,
the CBI said the Ministry of Shipping has refused to take action against Rakesh
Srivastava, Joint Secretary (Ports).
“The ministry vide letter dated December 30, 2011
has intimated that it does not propose to take any action against Rakesh
Srivastava, Joint Secretary (Ports)," CBI, in its 10-page status report,
said.
It said that earlier, a note was sent to the
ministry for taking "necessary corrective action" against Srivastava.
CBI said it has filed cases against officials,
private persons and companies including GL Bhagat, A Janaradhana Rao, both
former chairman of the Trust.
The report was filed during the hearing of a PIL,
filed by NGO Centre for Public Interest Litigation, alleging that a huge scam
took place during 1960s and 1970s when plots near Kandla Port in Gujarat were
leased out on nomination basis to private parties without bidding process.
The PIL alleged irregularities in allotment of
16,000 acres of government land which caused a huge loss to the state.
The report by Inspector Jitender Singh said the
charge sheets in two cases have been filed before a special CBI court at
Ahmedabad.
The CBI said the charges have been filed against
the officials under various IPC sections including 120-B (criminal conspiracy),
420 (cheating) and the Prevention of Corruption Act.
Discussing other two cases, in which charge sheets
have not been filed, CBI said in one of the matters, it has sent a report of SP
to the competent authority for taking "departmental action" against
five officials, including Capt B Tiwari, Secretary of the Trust.
Earlier, the court had directed the CBI to complete
its inquiry in six weeks into the scam and initiate proceedings against those
involved.
The NGO, in the PIL, said despite repeated reports
from the Chief Vigilance Officer (CVO) of Kandla Port Trust indicting
involvement of senior officials in serious charges of corruption, the ministry
as well as the Chief Vigilance Commissioner did not take any meaningful action.
It also alleged the conduct of the Ministry of
Shipping was in violation the various provisions of Major Port Trust Act, 1963
and also guidelines of the government.
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources including
but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No records exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist organization
or whom notice had been received that all financial transactions involving
their assets have been blocked or convicted, found guilty or against whom a
judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on Corporate
Governance to identify management and governance. These factors often have been
predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 62.32 |
|
|
1 |
Rs. 101.99 |
|
Euro |
1 |
Rs. 84.61 |
INFORMATION DETAILS
|
Information Gathered
by : |
HTL |
|
|
|
|
Report Prepared
by : |
DPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
|
48 |
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.