MIRA
INFORM REPORT
|
Report Date : |
16.07.2014 |
IDENTIFICATION DETAILS
|
Name : |
MUMBAI INTERNATIONAL AIRPORT PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Office of the Airport Director, Terminal – IB, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
02.03.2006 |
|
|
|
|
Com. Reg. No.: |
11-160164 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 12000.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U45200MH2006PTC160164 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAECM6285C |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
To operation, maintenance, development, design, construction, up-gradation, modernization, finance and management of the Airport |
|
|
|
|
No. of Employees
: |
Not Available |
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 |
|
Maximum Credit Limit : |
USD 86200000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Exist |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record. There is a dip in profit of the company in 2013. However overall
financial position of the company seems to be good. Company gets good support
from its holding companies. Trade relation reported to be fair. Business is active. Payment terms
are reported to be regular and as per commitment. In view of strong holding and experienced director, Company can be
considered for business dealing 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.
ECGC Country Risk Classification List – March 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
N E W S
The economy grew 4.7 %in 2013/14, marking a
second straight year of sub-5 % growth – the worst slowdown in more than a
quarter of a century. The data was below an official estimate of 4.9 % annual growth
and compared with 4.5 % in the last fiscal year. However, the current account
deficit narrowed sharply to $ 32.4 billion at 1.7 % of gross domestic product,
in 2013/14 from a record high of $ 98.8 billion or 4.7 %, the year before. A
sharp fall in gold imports due to restrictions on overseas purchases and muted
import of capital goods helped shrink the current account deficit.
Online retailer Flipkart has acquired fashion
portal Myntra as it prepares to battle with the rapidly expanding India arm of
the global e-commerce giant Amazon. The company raised $ 210 million from
Russian Investment firm DST Global which has also invested in companies like
Facebook, Twitter and Alibaba Group.
General Motors will start exporting vehicles
from its Talegaon plant near Pune in the second half of 2014. GM was one of the
few global carmakers that was using its India plant only for the domestic
market.
Google has overtaken Apple as the world’s top
brand in terms of value, according to global market research agency Millward
Brown. Google’s brand value shot up 40 % in a year to $ 158.84 billion. The top
10 of the 100 slots were dominated by US companies.
Infosys lost another heavy weight when B G
Srinivas, a board member put in his papers. He is the third CEO-hopeful to quit
after Chairman N R Narayana Murthy’s return to the company – Ashok Vemuri and V
Balakrishnan being the other two. While Vemuri went on to lead IGate,
Balakrishnan joined politics.
Naresh Goyal – promoted Jet Airways posted
biggest quarterly loss – Rs 2153.37 crore – in the three months ended March 31,
mainly because it has been offering discounts to passengers to fill planes.
William S Pinckney – Chairman and CEO of
Amway India was arrested by the Andhra Pradesh Police in connection with a
complaint against the direct selling firm. This is the second time that he has
been taken into custody. A year, ago the Kerala Police had arrested Pinckney
and two company directors on charges of financial irregularities.
China has told its state-owned enterprises to
sever links with American consulting firms after the United States charged five
Chinese military officers wih hacking US companies. China’s action which
targets consultancies like McKinsey & Co. and the Boston Consulting Group,
sterns from fears that the first are providing trade secrets to the US
governments.
India has emerged as a country with some of
the highest unregistered businesses in the world. Indonesia has the maximum
number of shadow businesses, says a study of 68 countries by Imperial College
Business School in London.
Pfizer has abandoned its attempt to buy
AstraZeneca for nearly $ 118 billion after the latter refused an offer of 55
pounds a share.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
FITCH |
|
Rating |
Long term Bank loans : “A-“ (SO) |
|
Rating Explanation |
Adequate degree of safety and low credit
risk. |
|
Date |
26.03.2013 |
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 Office : |
Office of the Airport Director, Terminal – IB, CSI Airport, Mumbai – 400099, Maharashtra,
India |
|
Tel. No.: |
91-22-66714680 / 26264000 / 66850900/ 66852200 |
|
Fax No.: |
91-22-66714611 / 26264684 / 66850652/ 66852059 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
As on: 24.07.2013
|
Name : |
Dr. Krishna Reddy Venkata Gunapati |
|
Designation : |
Whole Time Director |
|
Address : |
6-3-250, Banjara
Hills, Hyderabad - 500034, Andhra Pradesh, India |
|
Date of Birth/Age : |
16.03.1937 |
|
Qualification : |
BA |
|
Date of Appointment : |
01.02.2012 |
|
DIN No.: |
00005212 |
|
|
|
|
Name : |
Mr. Venkata Sanjay Reddy Gunupati |
|
Designation : |
Managing Director |
|
Address : |
6-3-1089/A/5,
Raj Bhavan Road, Somajiguda, Hyderabad - 500082, Andhra Pradesh, India |
|
Date of Birth/Age : |
22.11.1964 |
|
Qualification : |
BE, MBA |
|
Date of Appointment : |
19.04.2006 |
|
DIN No.: |
00005282 |
|
|
|
|
Name : |
Mrs. Indira Krishna Reddy Gunupati |
|
Designation : |
Director |
|
Address : |
6-3-250/1,
Banjara Hills, Hyderabad - 500034, Andhra Pradesh, India |
|
Date of Birth/Age : |
17.10.1944 |
|
Qualification : |
B. Sc |
|
Date of Appointment : |
19.04.2006 |
|
DIN No.: |
00005230 |
|
|
|
|
Name : |
Mr. Anil Srivastava |
|
Designation : |
Director |
|
Address : |
C-23, Shivaji
Nagar, Bhopal – 462001, Madhya Pradesh, India |
|
Date of Birth/Age : |
15.03.1959 |
|
Date of Appointment : |
29.04.2013 |
|
DIN No.: |
02903603 |
|
|
|
|
Name : |
Mr. Sudhir Raheja |
|
Designation : |
Director |
|
Address : |
E8, Bali Nagar,
New Delhi - 110015, India |
|
Date of Birth/Age : |
16.06.1958 |
|
Qualification : |
BE |
|
Date of Appointment : |
28.10.2010 |
|
DIN No.: |
02745768 |
|
|
|
|
Name : |
Mr. Bongani Maseko |
|
Designation : |
Director |
|
Address : |
No.5, Bayron
Street, Sanderwoord |
|
Date of Birth/Age : |
30.06.1968 |
|
Date of Appointment : |
05.02.2013 |
|
DIN No.: |
06565420 |
|
|
|
|
Name : |
Mr. Krishna Ram Bhupal |
|
Designation : |
Director |
|
Address : |
6 3 250/A/10,
Road No. 1, Banjara Hills, Hyderabad - 500034, Andhra Pradesh, India |
|
Date of Birth/Age : |
16 03 1983 |
|
Qualification : |
MBA |
|
Date of Appointment : |
22.07.2010 |
|
DIN No.: |
00005442 |
|
|
|
|
Name : |
Mr. Suresh Seshadri |
|
Designation : |
Director |
|
Address : |
B-35, Block-B, 2nd Floor, Sarvodya Enclave, Aurbindo Marg, New
Delhi – 110017, India |
|
Date of Birth/Age : |
22.03.1960 |
|
Date of Appointment : |
31.10.2012 |
|
DIN No.: |
06386248 |
|
|
|
|
Name : |
Mr. David Edward Cleasby |
|
Designation : |
Director |
|
Address : |
8 Iona Drive,
Glenadrienne, Johannesburg, 2196, South Africa |
|
Date of Birth/Age : |
16.07.1962 |
|
Qualification : |
CA (SA) |
|
Date of Appointment : |
26.07.2012 |
|
DIN No.: |
00266577 |
|
|
|
|
Name : |
Mr. Terence Rory Mackey |
|
Designation : |
Alternate Director |
|
Address : |
54 Florence
Avenue, Bedfordview, 2007, South Africa |
|
Date of Birth/Age : |
29.09.1961 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
24.10.2011 |
|
DIN No.: |
01221762 |
|
|
|
|
Name : |
Mr. Issac George Anicattu |
|
Designation : |
Additional director |
|
Address : |
36 Czech Colony,
Sanathnagar, Hyderabad - 500018, Andhra Pradesh, India |
|
Date of Birth/Age : |
19.04.1954 |
|
Date of Appointment : |
26.07.2012 |
|
DIN No.: |
00005456 |
|
|
|
|
Name : |
Mr. Anumolu Ramakrishna |
|
Designation : |
Director |
|
Address : |
Anmol M-6, (Old No. M-29), Anna Nagar East, Chennai – 600102, Tamil
Nadu, India |
|
Date of Birth/Age : |
20.12.1939 |
|
Date of Appointment : |
06.07.2007 |
|
DIN No.: |
00027520 |
KEY EXECUTIVES
|
Name : |
Mr. Vinod Hiran |
|
Designation : |
Secretary |
|
Address : |
Flat No. 163,
Malhar Co-Operative Housing Society Limited, Gokuldham, Goregaon, Mumbai -
400097, Maharashtra, India |
|
Date of Birth/Age : |
28.06.1970 |
|
Date of Appointment : |
08.05.2006 |
|
PAN No.: |
AAJPH1665F |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 24.07.2013
|
Names of Shareholders |
|
No. of Shares |
|
Airports Authority of India, India |
|
312000000 |
|
GVK Airport Holdings Private Limited, India |
|
606000000 |
|
Bid Services Division (Mauritius) Limited, Mauritius |
|
162000000 |
|
ACSA Global Limited, Mauritius |
|
120000000 |
|
|
|
|
|
Total |
|
1200000000 |
Equity Share Break up (Percentage of Total Equity)
As on: 24.07.2013
|
Category |
|
Percentage |
|
|
|
|
|
Government (Central and State) |
|
26.00 |
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
|
23.50 |
|
Bodies corporate |
|
50.50 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
To operation, maintenance, development, design, construction, up-gradation, modernization, finance and management of the Airport |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
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|
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|
Bankers : |
Canara Bank, Prime Corporate Branch, T.S.R Complex, S. P. Road, Secundrabad - 500003, Andhra Pradesh, India Axis Bank Limited, Trishul 3rd Floor Opposite Samartheshwar Temple, Law Garden Ellisbridge, Ahmedabad - 380006, Gujarat, India |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Facilities : |
(Rs.
In Millions)
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Financial Institution : |
IDBI Trusteeship Services Limited, Asian Building, Ground Floor, 17 R.
Kamani Marg, Ballard Estate, Mumbai – 400001, Maharashtra, India |
|
|
|
|
Auditors 1 : |
|
|
Name : |
Brahmayya and Company Chartered Accountants |
|
Address : |
Flat No.403 and 404, Golden Green Apartments, Irrum Manzil Colony,
Hyderabad – 500082, Andhra Pradesh, India |
|
Income-tax PAN of auditor or auditor's firm : |
AADFB8032G |
|
|
|
|
Auditors 2 : |
|
|
Name : |
Price Waterhouse and Company Chartered Accountants |
|
Address : |
#8-2-293/82/A/1131A, Road No. 36, Jubilee Hills, Hyderabad – 500034,
Andhra Pradesh, India |
|
Income-tax PAN of auditor or auditor's firm : |
AAHFP0187A |
|
|
|
|
Ultimate holding
company: |
Ř GVK Power and Infrastructure Limited (GVKPIL) |
|
|
|
|
Venturers having joint control : |
Ř GVK Airport
Holdings Private Limited (GVKAHL) Ř Airports
Authority of India (AAI) Ř ACSA Global
Limited, Mauritius (AGL) Ř Bid Services Division
(Mauritius) Limited, Mauritius (BSDL) |
|
|
|
|
Subsidiaries : |
Ř Navi Mumbai
Airport Developers Private Limited (NMADL) [U45200MH2007PTC169174] Ř Mumbai
Aerotropolis Private Limited (MAPL) [U62200MH2008PTC186673] Ř Mumbai Aviation
Fuel Farm Facility Private Limited (MAFFFPL) [U63000MH2010PTC200463] Ř Mumbai Airport
Habitation Private Limited (MAHL) [U45200MH2007PTC168807] |
|
|
|
|
Entities over which the key management personnel and his relatives
exercise significant influence : |
Ř GVK Airport Foundation (GVKAF) Ř Orbit Travel and Tours Private Limited (OTTL) Ř GVK Projects and Technical Services Limited (GVKPTSL) Ř GVK Jaipur Expressway Private Limited (GVKJEPL) Ř GVK Transportation Private Limited (GVKTPL) Ř GVK Deoli Kota Expressway Private Limited (GVKDKEPL) Ř GVK Bagodara Vasad Expressway Private Limited (GVKBVEPL) Ř GVK Shivpuri Dewas Expressway Private Limited (GVKSDEPL) Ř GVK Gautami Power Limited (GVKGPL) Ř Taj GVK Hotels and Resorts Limited (TGVKHRL) |
CAPITAL STRUCTURE
As on: 24.07.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1200000000 |
Equity Shares |
Rs.10/- each |
Rs. 12000.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1200000000 |
Equity Shares |
Rs.10/- each |
Rs. 12000.000 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2013 |
31.03.2012 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
12000.000 |
10000.000 |
|
(b) Reserves & Surplus |
|
9550.200 |
7998.900 |
|
(c) Money received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
0.000 |
2000.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
21550.200 |
19998.900 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
62302.800 |
37551.700 |
|
(b) Deferred tax liabilities (Net) |
|
2869.500 |
2526.200 |
|
(c) Other long term liabilities |
|
2548.600 |
1798.200 |
|
(d) long-term provisions |
|
58.500 |
44.800 |
|
Total Non-current Liabilities (3) |
|
67779.400 |
41920.900 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
5625.500 |
8104.500 |
|
(b) Trade payables |
|
1982.100 |
1110.900 |
|
(c) Other current liabilities |
|
8032.300 |
5088.700 |
|
(d) Short-term provisions |
|
168.400 |
142.800 |
|
Total Current Liabilities (4) |
|
15808.300 |
14446.900 |
|
|
|
|
|
|
TOTAL |
|
105137.900 |
76366.700 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
24712.900 |
21558.100 |
|
(ii) Intangible Assets |
|
4190.200 |
4408.100 |
|
(iii) Capital work-in-progress |
|
57284.500 |
36268.700 |
|
(iv) Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
1.300 |
0.900 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
2492.800 |
3716.600 |
|
(e) Other Non-current assets |
|
0.000 |
94.700 |
|
Total Non-Current Assets |
|
88681.700 |
66047.100 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
39.700 |
36.400 |
|
(c) Trade receivables |
|
3194.900 |
3726.000 |
|
(d) Cash and cash equivalents |
|
11046.500 |
4834.600 |
|
(e) Short-term loans and advances |
|
1905.600 |
1618.000 |
|
(f) Other current assets |
|
269.500 |
104.600 |
|
Total Current Assets |
|
16456.200 |
10319.600 |
|
|
|
|
|
|
TOTAL |
|
105137.900 |
76366.700 |
|
SOURCES OF FUNDS |
|
|
31.03.2011 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
8000.000 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
6161.100 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
14161.100 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
27649.900 |
|
|
2] Unsecured Loans |
|
|
2500.000 |
|
|
TOTAL BORROWING |
|
|
30149.900 |
|
|
DEFERRED TAX LIABILITIES |
|
|
2179.800 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
46490.800 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
21456.700 |
|
|
Capital work-in-progress |
|
|
18888.600 |
|
|
Expenditure pending allocation, net |
|
|
4553.900 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
1909.600 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
45.200
|
|
|
Sundry Debtors |
|
|
3167.100
|
|
|
Cash & Bank Balances |
|
|
2776.300
|
|
|
Other Current Assets |
|
|
58.100
|
|
|
Loans & Advances |
|
|
1746.600
|
|
Total
Current Assets |
|
|
7793.300
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
5378.800
|
|
|
Other Current Liabilities |
|
|
2618.700
|
|
|
Provisions |
|
|
113.800
|
|
Total
Current Liabilities |
|
|
8111.300
|
|
|
Net Current Assets |
|
|
(318.000)
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
46490.800 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
14785.900 |
13143.400 |
11793.500 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Annual Fee |
|
|
|
|
|
|
Operating and Administrative Expenses |
|
|
|
|
|
|
TOTAL |
12483.000 |
10417.400 |
7122.900 |
|
|
|
|
|
|
|
|
Less |
|
|
|
4670.600 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
Including |
Including |
571.900 |
|
|
|
|
Depreciation |
Depreciation |
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
and Financial
expenses |
and Financial
expenses |
4098.700 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
|
1138.300 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
EXCEPTIONSL ITEM |
|
|
2960.400 |
|
|
|
|
|
|
|
|
|
Less |
EXCEPTIONAL ITEM |
|
|
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
2302.900 |
2726.000 |
2960.400 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
751.600 |
888.200 |
990.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
1551.300 |
1837.800 |
1970.400 |
|
|
|
|
|
|
|
|
|
|
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
7998.900 |
6161.100 |
4190.700 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
9550.200 |
7998.900 |
6161.100 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
2577.900 |
NA |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
1.29 |
2.30 |
2.85 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
10.49 |
13.98 |
16.71 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.81 |
6.80 |
10.12 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.11 |
0.13 |
0.21 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
3.15 |
2.28 |
2.21 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.05 |
0.71 |
0.97 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
10,000.000 |
12,000.000 |
|
Reserves & Surplus |
7,998.900 |
9,550.200 |
|
Share Application money
pending allotment |
2,000.000 |
0.000 |
|
Net
worth |
19,998.900 |
21,550.200 |
|
|
|
|
|
long-term borrowings |
37,551.700 |
62,302.800 |
|
Short term borrowings |
8,104.500 |
5,625.500 |
|
Total
borrowings |
45,656.200 |
67,928.300 |
|
Debt/Equity
ratio |
2.283 |
3.152 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
11,793.500 |
13,143.400 |
14,785.900 |
|
|
|
11.446 |
12.497 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
11,793.500 |
13,143.400 |
14,785.900 |
|
Profit |
1,970.400 |
1,837.800 |
1,551.300 |
|
|
16.71% |
13.98% |
10.49% |
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 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 |
Yes |
|
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 |
UNSECURED LOAN
(Rs.
In Millions)
|
Particulars |
As on 31.03.2013 |
As on 31.03.2012 |
|
Short term
borrowings |
|
|
|
Term loans |
3500.000 |
8000.000 |
|
|
|
|
|
Total |
3500.000 |
8000.000 |
CASE DETAILS
|
Lodging No: |
ARBAPL/252/2014 |
Filling Date: |
04/02/2014 |
Reg. No: |
ARBAP/55/2014 |
Reg. Date: |
21/02/2014 |
|
Petitioner:- |
BIOMIX NETWORK LIMITED |
Respondent:- |
MUMBAI INTERNATIONAL AIRPORT PRIVATE LIMITED |
|
Petn.Adv.:- |
KRISHNA AND SAURASTRI ASSOCIATES |
Resp.Adv.:- |
WADIA GHANDY AND COMPANY (628) |
|
District:- |
Mumbai |
|
|
|
Bench:- |
Single |
|
|
|
Status:- |
Pre-Admission |
Category:- |
ARBITRATION APPLICATION |
|
Last Date:- |
18/07/2014 |
Stage:- |
ARBAP FOR HEARING AND FINAL DISPOSAL U/S 11 OF ARB. ACT |
|
Last Coram:- |
HON’BLE SHRI JUSTIC R.D.DHANUKA |
|
|
|
Last Date:- |
04/07/2014 |
Stage:- |
ARBAP FOR HEARING AND FINAL DISPOSAL U/S 11 OF ARB. ACT |
|
Last Coram:- |
HON’BLE SHRI JUSTIC R.D.DHANUKA |
|
|
|
Act :- |
Arbitration and Conciliation Act 1996 |
Under Section: |
11 |
OPERATIONAL REVIEW
During the FY13, CSIA handled 244,499 Aircraft Movements (ATMs), 2.79% lower compared to FY12. Passenger throughput decreased by 1.76% to 30.210 million and cargo throughput was lower by 3.39% to 635,207 MT as compared to FY12. Amongst all Indian airports, CSIA was foremost in total cargo tonnage with 29% share and 2nd in passengers travelled and aircraft movements with a share of 18.96% and 16.52% respectively.
During the year, CSIA demonstrated its vision of being the pride of Mumbai by receiving various awards and environmental certifications, besides being rated among the top 3 performing airports across the globe in the annual ACI Airport Service Quality Survey for 2012. It has been rated the 3rd best airport globally and the 2nd best airport in India in the 25-40 mppa category. This reaffirms the Company’s continued focus to improve the service quality at CSIA, overwhelmingly endorsed by passengers. During the year, MIAL cargo created two all India handling by delivering 1016MT of import cargo and accepting 1030MT of export cargo in a single day.
CSIA is operating at its optimum capacity and the mega project to build new integrated terminal T2 is in advanced stage of completion. New T2 will be a state of the art world class terminal with a capacity to handle 40 million passengers per annum. This is one of the most complex infrastructure projects, akin to performing an open heart surgery on a marathon runner during the race. This project will not remain confined to airport development, but will also redefine Mumbai’s urban profile. It is truly a one-of-its-kind unique infrastructure project in the world. Once completed, T2 will cater to both domestic and international passengers. It will be a perfect expression of Mumbai’s achievements, its ambitions and its imagination thereby creating an inspiring experience and a welcoming gateway to Mumbai and India. Moreover, with its meticulous planning and state-of-the-art technology, the terminal will offer passengers a seamless journey that will be punctuated by a series of wonderful experiences. Its overall design will give passengers a distinct sense of place and a clear awareness that they are in Mumbai.
During the year, NATS Services (UK) recommendations for capacity enhancement of CSIA were implemented and declared capacity of runway was increased to 40 ATMs during peak hours from earlier capacity of 38 ATMs per hour.
The Company successfully hosted Routes Asia 2013 event in Mumbai. It is a key event for Airports, Airlines, Tourism Authorities, Policy Leaders and Exhibitors for networking, business transactions and traffic planning. The event was a grand success with widespread participation and was inaugurated by the Hon’ble Minister of Civil Aviation and was attended by various dignitaries.
FINANCIAL REVIEW
During the year under review, the Company recorded growth of 12.50% in total revenue compared with the previous year. The increase in revenue is attributable to an increase of 23% in aeronautical revenue, 8.28% increase in non-aeronautical revenue and decrease of 1.36% in cargo revenue. The increase in aero revenue is due to revision of tariffs, as per AERA order with effective from 1st February, 2013.
Annual Fee paid to AAI was Rs 5669.400 millions against Rs 5086.500 millions in previous year.
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10447290 |
31/08/2013 |
2,000,000,000.00 |
IDBI Bank Limited |
IDBI TOWERWTC COMPLEX, CUFFE PARADE, MUMBAI, MAHARASHTRA - 400005, INDIA |
B84167048 |
|
2 |
10377150 |
31/08/2013 * |
26,478,000,000.00 |
IDBI TRUSTEESHIP SERVICES LIMITED |
ASIAN BLDG., GROUND FLOOR, 17, R. KAMANI MARG, BALLARD ESTATE, MUMBAI, MAHARASHTRA - 400001, INDIA |
B83838490 |
|
3 |
10260964 |
03/08/2012 * |
3,650,000,000.00 |
IDBI TRUSTEESHIP SERVICES LIMITED |
ASIAN BLDG., GROUND FLOOR, 17, R. KAMANI MARG, BALLARD ESTATE, MUMBAI, MAHARASHTRA - 400001, INDIA |
B44851145 |
|
4 |
10148370 |
19/01/2013 * |
700,000,000.00 |
YES BANK LIMITED |
9TH FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA, DR. ANNIE
BESANT ROAD, WORLI, MUMBAI, MAHARASHTRA - |
B67733691 |
|
5 |
10095120 |
26/03/2008 |
42,310,000,000.00 |
IDBI TRUSTEESHIP SERVICES LIMITED |
ASIAN BLDG., GROUND FLOOR, 17, R. KAMANI MARG, BALLARD
ESTATE, MUMBAI- 400001, MAHARASHTRA - 400 |
A35420892 |
|
6 |
10247420 |
20/11/2007 |
260,000,000.00 |
Airports Authority of India |
RAJIV GANDHI BHAWAN, NEW DELHI, DELHI - 110003, INDIA |
A88364252 |
* Date of charge modification
FIXED ASSETS
Ř
Computers
Ř
Office And Other Equipments
Ř
Furniture And Fixtures
Ř
Vehicles
Ř
Intangible Assets
Ř
Building
Ř
Plant And Machinery
Ř
Computer Software
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. 60.21 |
|
|
1 |
Rs. 102.79 |
|
Euro |
1 |
Rs. 81.95 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
DPH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
|
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.