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Report No. : |
305403 |
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Report Date : |
12.02.2015 |
IDENTIFICATION DETAILS
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Name : |
INLAND WATERWAYS AUTHORITY OF INDIA MINISTRY OF SHIPPING |
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Registered
Office : |
Government of |
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Country : |
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Financials (as
on) : |
Not Available |
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Year of
Establishment : |
1986 |
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Capital
Investment / Paid-up Capital : |
Not Available |
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IEC No.: |
Not Available |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
Not Available |
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Legal Form : |
Under Ministry of Shipping, Government of |
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Line of Business
: |
Subject is engaged primarily undertakes projects for development and
maintenance of IWT infrastructure on national waterways through grant
received from Ministry of Shipping. |
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No. of Employees
: |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Inland Waterways Authority of India was created by Indian Government
on 27 October 1986 for development and regulation of Inland Waterways for
shipping and navigation. It is having a fine track record. Trade relations are fair. Business is active. Payment terms are
reported to be regular and as per commitments. The subject can be considered good for normal 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.
ECGC Country Risk Classification List – December 31, 2014
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Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
India |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
EXTERNAL AGENCY RATING
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Rating Agency Name |
Not Available |
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Rating |
Not Available |
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Rating Explanation |
Not Available |
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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 PARTED BY
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Name : |
Mr. Umesh Sahey (he refuse to give any kind of information) |
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Designation : |
Admin |
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Contact No.: |
91-120-2521724 |
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Date : |
05.02.2015 |
LOCATIONS
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Registered Office : |
Government of India, A-13, Sector – 1, Noida-201301, Uttar Pradesh, India |
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Tel. No.: |
91-120-2544036/2521684/2522798/2521724 |
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Fax No.: |
91-120-2544041/2543973/2521764/2544009 |
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E-Mail : |
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Website : |
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Regional Office: |
Located At: ·
Patna ·
Kolkata ·
Guwahati ·
Kochi ·
Allahabad ·
Varanasi ·
Bhaglapur ·
Farakka ·
Hemnagar ·
Dibrugarh (Assam) ·
Kollam ·
Chennai ·
Vijaywada (Andhra Pradesh) |
MANAGEMENT
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Name : |
Mr. Amitabh Verma, (IAS) |
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Designation : |
Chairman |
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Tel .No.: |
91-120-2543972 |
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Fax. No.: |
91-120-2543973 |
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Email: |
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Full Time Member: |
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Name : |
Mr. Pravir Pandey |
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Designation : |
Member (Finance) |
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Tel .No.: |
91-120-2544009 |
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Fax. No.: |
91-120-2544009 |
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Email: |
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Name : |
Mr. R.P. Khare |
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Designation : |
Member (Technical) |
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Part Time Member: |
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Name : |
Dr. (Ms.) T Kumar, IAS |
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Designation : |
AS and FA, Ministry of Shipping Government of India |
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Name : |
Mr. R.P.S. Kahlon, IAS |
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Designation : |
Chairman, Kopt |
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Name : |
Mr. C.B. Singh |
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Designation : |
Advisor, Ministry of Shipping, Government of India |
KEY EXECUTIVES
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Name : |
Mr. Umesh Sa |
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Designation : |
Admin |
BUSINESS DETAILS
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Line of Business : |
Subject is primarily undertakes projects for development and
maintenance of IWT infrastructure on national waterways through grant received
from Ministry of Shipping. |
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Products : |
- |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Available |
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Imports : |
Not Available |
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Terms : |
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Selling : |
Cash and Credit (30 days) |
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Purchasing : |
Cash and Credit (30 days) |
GENERAL INFORMATION
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Suppliers : |
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Customers : |
Retailers and Others
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No. of Employees : |
Not Available |
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Bankers : |
Not Available |
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Auditors : |
Not Available |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Not Available |
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Borrowed : |
Not Available |
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Total : |
Not Available |
FINANCIAL DATA
[All figures are
in Rupees Millions]
NOT AVAILABLE
The above information has been denied by Mr. Umesh Sahey (Admin)
Note: Sole Proprietory and Partnership concerns are
exempted from filing their financials with the Government Authorities or
Registry.
LOCAL AGENCY FURTHER INFORMATION
Product with Brand
Names: The Inland Waterways
Authority of India (IWAI) came into existence on 27th October 1986
for development and regulation of inland waterways for shipping and navigation.
The Authority primarily undertakes projects for development and maintenance of
IWT infrastructure on national waterways through grant received from Ministry
of Shipping. The head office of the Authority is at Noida. The Authority also
has its regional offices at Patna, Kolkata, Guwahati and Kochi and sub-offices
at Allahabad, Varanasi, Bhaglapur, Farakka, Hemnagar, Dibrugarh (Assam),
Kallam, Chennai and Vijaywada (A.P.)
India has about 14500 km of navigable waterways which comprise of
rivers, canals, backwaters, creeks, etc. About 55 million tons of cargo is
being moved annually by Inland Water Transport (IWT), a fuel – efficient and
environment –friendly mode. Its operations are currently restricted to a few
stretches in the Ganga-Bhagirathi-Hooghly Rivers, the Brahmaputra, the Barak
River, the rivers in Goa, the backwaters in kerala, inland waters in Mumbai and
the deltaic regions of the Godavari-Krishna rivers. Besides these organized
operations by mechanized vessels, country boats of various capacities also
operate IV various rivers and canals and substantial quantum of cargo and
passengers are transported in this unorganized sector as well.
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
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1] |
Year of Establishment |
Yes |
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2] |
Locality of the firm |
Yes |
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3] |
Constitutions of the firm |
Yes |
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4] |
Premises details |
No |
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5] |
Type of Business |
Yes |
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6] |
Line of Business |
Yes |
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7] |
Promoter's background |
no |
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8] |
No. of employees |
No |
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9] |
Name of person contacted |
Yes |
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10] |
Designation of contact
person |
Yes |
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11] |
Turnover of firm for last
three years |
No |
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12] |
Profitability for last
three years |
No |
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13] |
Reasons for variation
<> 20% |
-- |
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14] |
Estimation for coming
financial year |
No |
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15] |
Capital in the business |
No |
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16] |
Details of sister
concerns |
No |
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17] |
Major suppliers |
No |
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18] |
Major customers |
No |
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19] |
Payments terms |
Yes |
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20] |
Export / Import details
(if applicable) |
No |
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21] |
Market information |
-- |
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22] |
Litigations that the firm
/ promoter involved in |
-- |
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23] |
Banking Details |
No |
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24] |
Banking facility details |
No |
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25] |
Conduct of the banking
account |
-- |
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26] |
Buyer visit details |
-- |
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27] |
Financials, if provided |
No |
|
28] |
Incorporation details, if
applicable |
No |
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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 |
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33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
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.62.15 |
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|
1 |
Rs.94.72 |
|
Euro |
1 |
Rs.70.33 |
INFORMATION DETAILS
|
Analysis Done by
: |
RSM |
|
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Report Prepared
by : |
MNT |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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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 |
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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.