MIRA INFORM REPORT
|
Report No. : |
301947 |
|
Report Date : |
05.01.2015 |
IDENTIFICATION DETAILS
|
Name : |
KRISHNAPATNAM PORT COMPANY LIMITED |
|
|
|
|
Registered
Office : |
1st Floor, 48-9-17, Dwarakanagar, Visakhapatnam - 530016, Andhra Pradesh |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
15.03.1996 |
|
|
|
|
Com. Reg. No.: |
01-023529 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 7685.842 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U45203AP1996PLC023529 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACK8657J |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is engaged as developer and operator of the Deep
Water Port |
|
|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (47) |
|
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 |
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|
|
|
Comments : |
Subject is an established company having satisfactory track record. Profit of the company has declined during financial year 2014. However, the rating reflects company’s satisfactory track record of port
operations supported by enhanced operational efficiency and sound financial
base of the company. Trade relations are fair. Business is active. Payment terms are
reported to be usually correct. The company 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.
ECGC Country Risk Classification List – September 30, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Long term bank facilities = BBB- |
|
Rating Explanation |
Moderate degree of safety and moderate
credit risk. |
|
Date |
09.10.2014 |
|
Rating Agency Name |
CARE |
|
Rating |
Short term rating = A3 |
|
Rating Explanation |
Moderate degree of safety and high credit
risk. |
|
Date |
09.10.2014 |
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.
LOCATIONS
|
Registered Office : |
1st Floor, 48-9-17, Dwarakanagar, Visakhapatnam - 530016, Andhra Pradesh, India |
|
Tel. No.: |
91-891-2754602/ 2747335/ 2748084 |
|
Fax No.: |
91-891-2747362 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Office : |
Plot No. 379, Road No. 10, Jubilee Hills, Hyderabad - 500033, Telangana, India |
|
Tel. No.: |
91-40-23339992 |
|
Fax No.: |
91-40-23557789 |
|
|
|
|
Krishnapatnam Port
Office : |
P.O. Bag No. 1, Muthukur, District Nellore - 524344, Andhra Pradesh, India |
|
Tel. No.: |
91-861-2377999 |
|
Fax No.: |
91861-2377046 |
|
E-Mail : |
|
|
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Regional Marketing
Offices : |
Located at: · Bengaluru · Chennai · Delhi · Guntur · Hyderabad · Mumbai · Visakhapatnam · Singapore |
DIRECTORS
AS ON 27.09.2014
|
Name : |
Chinta Sasidhar |
|
Designation : |
Managing director |
|
Address : |
Plot No. 550, A/1, Road No. 92, Jubilee Hills, Phase – III, Hyderabad
– 500034, Andhra Pradesh, India |
|
Date of Birth/Age : |
29.01.1972 |
|
Qualifications : |
B.E. (Civil), MS (Management) from UK |
|
Experience : |
18 Years |
|
Date of Appointment : |
12.08.2010 |
|
PAN No.: |
ABXPC6799E |
|
DIN No.: |
00009300 |
|
|
|
|
Name : |
Chinta Visweswara Rao |
|
Designation : |
Whole-time director |
|
Address : |
Plot No. 550, Road No. 92, Jubilee Hills, Phase – III, Hyderabad –
500034, Andhra Pradesh, India |
|
Date of Birth/Age : |
09.06.1947 |
|
Qualifications : |
SSLC |
|
Experience : |
33 Years |
|
Date of Appointment : |
12.08.2010 |
|
PAN No.: |
ADAPC0804H |
|
DIN No.: |
00009262 |
|
|
|
|
Name : |
Chinta Sridhar |
|
Designation : |
Whole-time director |
|
Address : |
7-5-107/1, Opposite Iscon Temple, Panduranga Puram, Visakhapatnam –
530003, Andhra Pradesh, India |
|
Date of Birth/Age : |
11.08.1969 |
|
Qualifications : |
B.E. (Mechanical) |
|
Experience : |
18 Years |
|
Date of Appointment : |
01.10.2014 |
|
PAN No.: |
AAKPC5369G |
|
DIN No.: |
01176220 |
|
|
|
|
Name : |
Mr. Satish Banarsilal Puri |
|
Designation : |
Whole-time director |
|
Address : |
My Home, Navadeweepa Apartments, Vayu Block 104, Madhpur, |
|
Date of Birth/Age : |
18.05.1948 |
|
Date of Appointment : |
01.10.2014 |
|
PAN No.: |
AAQPP4903K |
|
DIN No.: |
01242142 |
|
|
|
|
Name : |
Kalyan Coomer Krishna Chandra Jena |
|
Designation : |
Whole-time director |
|
Address : |
RB Bungalow, No 1, Hospital Road, Moti Bagh 1, New Delhi – 110021,
India |
|
Date of Birth/Age : |
04.01.1949 |
|
Qualifications : |
M. Sc |
|
Experience : |
41 Years |
|
Date of Appointment : |
28.06.2010 |
|
PAN No.: |
AAHPJ8333L |
|
DIN No.: |
02989575 |
|
|
|
|
Name : |
Mr. Anil Kumar Yendluri |
|
Designation : |
Whole-time director |
|
Address : |
C/o P Seetha Ramaiah, D No. 8-2-293/K-26, Plot No. 26, Phase – 3, Kamalapuri
Colony, Hyderabad – 500073, Andhra Pradesh, India |
|
Date of Birth/Age : |
23.08.1964 |
|
Date of Appointment : |
01.03.2013 |
|
PAN No.: |
AAFPY8698D |
|
DIN No.: |
02898938 |
|
|
|
|
Name : |
Venkateswararao Rayala |
|
Designation : |
Director |
|
Address : |
Area 9-15-7, CBM Compound, Visakhapatnam – 530013, Andhra Pradesh,
India |
|
Date of Birth/Age : |
10.04.1943 |
|
Date of Appointment : |
04.01.2007 |
|
DIN No.: |
00157063 |
|
|
|
|
Name : |
Padma Raju Chandalada |
|
Designation : |
Director |
|
Address : |
9-2-2, C Street, Samolkot, East Godavari – 533440, Andhra Pradesh,
India |
|
Date of Birth/Age : |
27.06.1953 |
|
Date of Appointment : |
04.01.2007 |
|
DIN No.: |
02195436 |
KEY EXECUTIVES
|
Name : |
Mr. Nitin Kumar |
|
Designation : |
Secretary |
|
Address : |
H. No 230, Lal Bazar, Trimulgherry, Secunderabad - 500015, Andhra Pradesh, India |
|
Date of Birth/Age : |
09.11.1985 |
|
Date of Appointment : |
02.04.2012 |
|
PAN No.: |
AUYPM9437D |
|
|
|
|
Name : |
Mr. Rajiv Ahuja |
|
Designation : |
Advisor |
|
|
|
|
Name : |
Capt Timothy William Rodgers |
|
Designation : |
Chief Pilot |
|
|
|
|
Name : |
Capt Sylvester Monie |
|
Designation : |
Pilot |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 27.09.2014
|
Names of Equity Shareholders |
|
No. of Shares |
|
Well-do Holdings and Exports Private Limited, India |
|
28828637 |
|
Chinta Investment Private Limited, India |
|
1881363 |
|
CVR Holdings Private Limited, India |
|
427100 |
|
C. Sridhar |
|
1836450 |
|
C. Sasidhar |
|
1836450 |
|
C.V. Rao |
|
397500 |
|
Navaneeta Agriculture Development Co Private Limited, India |
|
1788750 |
|
Navaneeta Agritech Private Limited, India |
|
1788750 |
|
Natco Genomik Private Limited, India |
|
28790000 |
|
Navneeta Investments, Mauritius |
|
3975000 |
|
Chinta Investments, Mauritius |
|
3975000 |
|
CVR Investments, Mauritius |
|
3975000 |
|
Strategic Port Investments KPC Limited, Mauritius |
|
8326159 |
|
|
|
|
|
Total |
|
87826159 |
|
Names of 10% Compulsorily Convertible Preference Shareholder |
|
No. of Shares |
|
|
|
|
|
Hitech Infra Limited, Mauritius |
|
750000 |
|
|
|
|
|
Total |
|
750000 |
|
Names of 0.001% Compulsorily Convertible Cumulative Participatory
Preference Shareholder |
|
No. of Shares |
|
|
|
|
|
Strategic Port Investments KPC Limited, Mauritius |
|
680007962 |
|
|
|
|
|
Total |
|
680007962 |
AS ON 27.09.2014
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
23.06 |
|
Bodies
corporate |
72.31 |
|
Directors
or relatives of directors |
4.63 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged as developer and operator of the Deep
Water Port |
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Products/ Services : |
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Brand Names : |
-- |
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Agencies Held : |
-- |
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Exports : |
Not Available |
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Imports : |
Not Available |
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Terms : |
Not Available |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Not Divulged |
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Bankers : |
· Bank of Baroda Corporate
Financial Services Branch, 3-6-262/2, Tirumala Estates, 1st Floor, Himayatnagar,
Hyderabad - 500029, Andhra Pradesh, India · Canara Bank (as Security Trustee for the benefit of Phase II Consortium Lenders) Canara Bank
Building, 112 J C Road, P B No. 6648, Bangalore - 560027, Karnataka, India · HDFC Bank Limited HDFC Bank House,
Senapati Bapat Marg, Lower Parel [West], Mumbai - 400013, Maharashtra, India · State Bank of Hyderabad Overseas Branch,
6-3-652, "Kautilya", Somajiguda, Hyderabad - 500082, Andhra
Pradesh, India · Central Bank of India Corporate Finance
Branch, Bank Street, Koti, Hyderabad - 500001, Andhra Pradesh, India · ICICI Bank Limited Landmarkrace Cource Circle, Alkapuri, Baroda, Gujarat - 390015, India · Allahabad Bank Himayatnagar Branch, Main Road, Hyderabad, Andhra Pradesh - 500029,
India · The South Indian Bank Limited Corporate Branch, Hyderabad, Andhra Pradesh - 500082, India · Bank of India Star House, Plot No. C-5, G-Block, Bandra-Kurla Complex, Bandra
(E), Mumbai, Maharashtra - 400051, India · Axis Bank Limited Corporate Banking Branch, 6-3-879/B, G Pulla, Reddy Buildifirst Floor, Greenlands Road, Begumpet, Hyderabad, Andhra Pradesh - 500016, India |
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Facilities : |
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Banking
Relations : |
-- |
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Financial Institutions : |
· Tata Capital Financial Services Limited One Forbes, Dr. V. B. Gandhi Marg, Fort, Mumbai - 400001, Maharashtra, India · Bajaj Finance Limited Akurdi Pune, Pune - 411035, Maharashtra, India · Daimler Financial Services India Private Limited Unit 202, 2nd Floor, Campus 3B, RMZ Millennia, Business Park, No.143,
Dr. M.G.R. Road, Perungudi, Chennai, Tamil Nadu - 600096, India |
|
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Auditors : |
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|
Name : |
C Venkat Krishna and Company Chartered Accountants |
|
Address : |
42, 4th Floor, Owners Pride, Plot No. 17, Road No.12, Banjara Hills,
Hyderabad, Andhra Pradesh, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AABFC2051L |
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Enterprises
which are owned, or have significant influence of or are partners with Key
management personnel and their relatives : |
· Navayuga Engineering Company Limited [U45203AP1986PLC006925] · Grafix Engineering Consultants Private Limited [U74900TG2009PTC066117] · Gateway Media Private Limited [U74900TG2007PTC054344] · Krishnapatnam Security Services Private Limited [U93000TG2008PTC061736] · Navayuga Infotech Private Limited [U72200TG1997PTC026655] · Navayuga Infrastructure Corporation Private Limited [U45209TG2001PTC037218] · Navayuga Spatial Technologies Private Limited [U72200TG2004PTC044662] · Nellore Warehousing Company Private Limited [U63023TG2010PTC070884] · Krishnapatnam Infratech Private Limited [U45209TG2008PTC057033] · Navayuga Quazigund Expressway Private Limited [U45203TG2010PTC068532] · Navayuga Udupi Tollway Private Limited [U45204TG2009PTC066139] · Nellore Coke Company Private Limited [U23101TG2010PTC071749] · Krishnapatnam Water Company Private Limited [U40300TG2008PTC057882] · Krishna Seaways Private Limited [U61100AP2008PTC059256] · Krishnapatnam Railway Company Limited [U45200TG2006PLC051378] · Chinta Investments Private Limited [U65910TG2006PTC049469] · CVR Holdings Private Limited [U45200TG2006PTC049468] · Nekkanti Sugars Private Limited [U15132TG2009PTC066094] · Subham Corporation Private Limited [U74990TG2010PTC067589] · Jagannath Port Company Limited [U63032OR2008PLC010058] · Seabase Impex Private Limited [U74999TG2009PTC064323] · iMatics Technologies Private Limited [U72200TG2009PTC065071] · Kineta Power Private Limited · KP Polyolefin Sacks Private Limited · Krishnapatnam Port Container Terminal Private Limited [U63030TG2012PTC083146] · Krishnapatnam Port Pte Limited · Mapworld Technologies Limited [U72200TG2000PLC035176] · East Coast Logistics Private Limited [U61200TG2010PTC067529] · Equinox MarineTek Services India Private Limited [U74140TG2013PTC086970] · Krishna Dredging Company Private Limited [U74900TG2008PTC058987] · Chinta Visweswara Rao Educational Society · Ntrust Insurance Broking Services Private Limited [U93090TG2013PTC086713] · Navayuga Power Corporation Limited [U40101TG2007PLC055995] · Navayuga Real Ventures Private Limited [U70102TG2007PTC053094] · Krishnapatnam Bayarea CFS Private Limited [U74900AP2012PTC080583] · CVR Foundation |
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Subsidiary Company : |
Krishnapatnam Port Container Terminal Private Limited
[U63030TG2012PTC083146] |
CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
89,250,000 |
Equity Shares |
Rs. 10/- each |
Rs. 892.500 Millions |
|
700,750,000 |
Preference Shares |
Rs. 10/- each |
Rs. 7007.500 Millions |
|
|
|
|
|
|
|
Total |
|
Rs. 7900.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
87,826,159 |
Equity Shares |
Rs. 10/- each |
Rs. 878.262 Millions |
|
680,757,962 |
Preference Shares |
Rs. 10/- each |
Rs. 6807.580 Millions |
|
|
|
|
|
|
|
Total |
|
Rs. 7685.842
Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
7685.842 |
7685.842 |
7685.842 |
|
(b) Reserves & Surplus |
11388.597 |
10569.032 |
8173.555 |
|
(c) Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share
Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
19074.439 |
18254.874 |
15859.397 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
47575.665 |
36434.778 |
36252.053 |
|
(b) Deferred tax liabilities (Net) |
2793.281 |
1831.804 |
1279.959 |
|
(c)
Other long term liabilities |
1157.249 |
459.987 |
1321.999 |
|
(d)
long-term provisions |
23.528 |
17.287 |
11.271 |
|
Total
Non-current Liabilities (3) |
51549.723 |
38743.856 |
38865.282 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
987.496 |
541.233 |
2206.956 |
|
(b)
Trade payables |
1265.147 |
1410.397 |
671.302 |
|
(c)
Other current liabilities |
7795.040 |
7893.080 |
5949.310 |
|
(d)
Short-term provisions |
186.399 |
485.840 |
251.293 |
|
Total
Current Liabilities (4) |
10234.082 |
10330.550 |
9078.861 |
|
|
|
|
|
|
TOTAL |
80858.244 |
67329.280 |
63803.540 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
58121.570 |
22164.121 |
15973.664 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
13792.308 |
37199.533 |
38523.506 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
3357.024 |
3328.874 |
3256.004 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
1433.030 |
1335.948 |
1289.011 |
|
(e)
Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
76703.932 |
64028.476 |
59042.185 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
2245.319 |
|
(b)
Inventories |
28.944 |
20.697 |
62.162 |
|
(c)
Trade receivables |
2441.625 |
2284.648 |
1624.213 |
|
(d)
Cash and cash equivalents |
263.770 |
245.564 |
133.707 |
|
(e)
Short-term loans and advances |
1067.192 |
453.143 |
247.674 |
|
(f)
Other current assets |
352.781 |
296.752 |
448.280 |
|
Total
Current Assets |
4154.312 |
3300.804 |
4761.355 |
|
|
|
|
|
|
TOTAL |
80858.244 |
67329.280 |
63803.540 |
PROFIT & LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
11790.567 |
9553.284 |
6312.556 |
|
|
|
Other Income |
253.462 |
436.474 |
332.934 |
|
|
|
TOTAL (A) |
12044.029 |
9989.758 |
6645.490 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
4420.085 |
3276.655 |
2649.922 |
|
|
|
Employees benefits expense |
469.560 |
354.632 |
301.918 |
|
|
|
Other expenses |
731.151 |
600.323 |
633.352 |
|
|
|
TOTAL (B) |
5620.796 |
4231.610 |
3585.192 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
6423.233 |
5758.148 |
3060.298 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
3059.695 |
1552.307 |
1265.466 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
3363.538 |
4205.841 |
1794.832 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
1068.489 |
627.282 |
581.119 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
2295.049 |
3578.559 |
1213.713 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
1474.528 |
1267.835 |
601.160 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
820.521 |
2310.724 |
612.553 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
2815.511 |
2467.099 |
1315.104 |
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
9.33 |
26.30 |
6.97 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
6.96 |
24.19 |
9.70 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
54.48 |
60.27 |
48.48 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.60 |
13.35 |
5.51 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.12 |
0.20 |
0.08 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
2.55 |
2.03 |
2.42 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.41 |
0.32 |
0.52 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particulars |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
7685.842 |
7685.842 |
7685.842 |
|
Reserves & Surplus |
8173.555 |
10569.032 |
11388.597 |
|
Net
worth |
15859.397 |
18254.874 |
19074.439 |
|
|
|
|
|
|
Long-term borrowings |
36252.053 |
36434.778 |
47575.665 |
|
Short term borrowings |
2206.956 |
541.233 |
987.496 |
|
Total
borrowings |
38459.009 |
36976.011 |
48563.161 |
|
Debt/Equity ratio |
2.425 |
2.026 |
2.546 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
6312.556 |
9553.284 |
11790.567 |
|
|
|
51.338 |
23.419 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
6312.556 |
9553.284 |
11790.567 |
|
Profit |
612.553 |
2310.724 |
820.521 |
|
|
9.70% |
24.19% |
6.96% |
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 |
-- |
|
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 |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10537417 |
17/12/2014 |
3,000,000,000.00 |
ICICI BANK
LIMITED |
LANDMARKRACE
COURCE CIRCLE, ALKAPURI, BARODA, GUJARAT - 390015, INDIA |
C37409398 |
|
2 |
10537313 |
15/12/2014 |
12,011,600,000.00 |
CANARA BANK (AS
SECURITY TRUSTEE FOR THE BENEFIT O |
CANARA BANK
BUILDING, 112 J C ROAD, P B NO. 6648, BANGALORE, KARNATAKA - 560027, INDIA |
C37357043 |
|
3 |
10533563 |
25/09/2014 |
16,400,000.00 |
DAIMLER
FINANCIAL SERVICES INDIA PRIVATE LIMITED |
UNIT 202, 2ND
FLOOR, CAMPUS 3B,RMZ MILLENNIA, BUSINESS PARK, NO.143, DR. M.G.R.ROAD,
PERUNGUDI, CHENNAI, TAMIL NADU - 600096, INDIA |
C35176858 |
|
4 |
10494228 |
23/05/2014 |
3,000,000,000.00 |
ALLAHABAD BANK |
HIMAYATNAGAR
BRANCH, MAIN ROAD, HYDERABAD, ANDHRA PRADESH - 500029, INDIA |
C04157129 |
|
5 |
10485608 |
25/03/2014 |
2,000,000,000.00 |
BANK OF BARODA |
CORPORATE
FINANCIAL SERVICES BRANCH, 3-6-262/2, TIRUMALA ESTATES, 1ST FLOOR,
HIMAYATNAGAR, HYDERABAD, ANDHRA PRADESH - 500029, INDIA |
C00746990 |
|
6 |
10463880 |
05/12/2013 |
6,500,000,000.00 |
BANK OF INDIA |
STAR HOUSE, PLOT
NO. C-5, G-BLOCK, BANDRA-KURLA |
B90994401 |
|
7 |
10443341 |
20/08/2013 |
1,500,000,000.00 |
THE SOUTH INDIAN
BANK LIMITED |
CORPORATE
BRANCH, HYDERABAD, ANDHRA PRADESH - 500082, INDIA |
B82252974 |
|
8 |
10437491 |
27/06/2013 |
2,600,000,000.00 |
AXIS BANK
LIMITED |
CORPORATE
BANKING BRANCH, 6-3-879/B, G PULLA, REDDY BUILDIFIRST FLOOR, GREENLANDS ROAD,
BEGUMPET, HYDERABAD, ANDHRA PRADESH - 500016, INDIA |
B79891487 |
|
9 |
10374375 |
04/09/2012 |
14,312,700.00 |
KOTAK MAHINDRA BANK
LIMITED |
36-38A, NARIMAN
BHAVAN, 227,D,, NARIMAN POINT,, MUMBAI, MAHARASHTRA - 400021, INDIA |
B57218612 |
|
10 |
10370930 |
22/07/2012 |
71,563,500.00 |
SREI EQUIPMENT
FINANCE PRIVATE LIMITED |
'VISHWAKARMA', 86C,
TOPSIA ROAD, KOLKATA, WEST BENGAL - 700046, INDIA |
B55803910 |
|
11 |
10354326 |
31/03/2012 |
57,250,800.00 |
TATA CAPITAL
FINANCIAL SERVICES LIMITED |
ONE FORBES,, DR.
V. B. GANDHI MARG, FORT, MUMBAI, |
B39196464 |
|
12 |
10354275 |
21/03/2012 |
750,000,000.00 |
ADITYA BIRLA
FINANCE LIMITED |
INDIAN RAYON
COMPOUND, VERAVAL, GUJARAT - 362266, |
B39178348 |
|
13 |
10315440 |
31/10/2011 |
12,900,000.00 |
LAKSHMI VILAS
BANK |
KRISHNAPATNAM PORT
BRANCH,P.O. BAG NO.1, MUTHUKUR |
B24448516 |
|
14 |
10313075 |
26/08/2011 |
973,400.00 |
HDFC BANK
LIMITED |
HDFC BANK HOUSE,
SENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
B23511868 |
|
15 |
10308451 |
05/08/2011 |
2,000,000,000.00 |
ICICI BANK
LIMITED |
LANDMARKRACE
COURCE CIRCLE, ALKAPURI, BARODA, GUJARAT - 390015, INDIA |
B21661699 |
|
16 |
10292509 |
18/05/2011 |
4,375,450.00 |
HDFC BANK
LIMITED |
HDFC BANK
HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
B15107923 |
|
17 |
10281421 |
29/03/2011 |
95,000,000.00 |
STATE BANK OF
HYDERABAD |
OVERSEAS BRANCH,
6-3-652, "KAUTILYA", SOMAJIGUDA, |
B11023835 |
|
18 |
10277511 |
09/03/2011 |
850,000.00 |
LAKSHMI VILAS
BANK |
BANK STREET,
KOTI, HYDERABAD, ANDHRA PRADESH - 500001, INDIA |
B09398173 |
|
19 |
10277510 |
09/03/2011 |
3,240,000.00 |
LAKSHMI VILAS
BANK |
BANK STREET,
KOTI, HYDERABAD, ANDHRA PRADESH - 5 |
B09397886 |
|
20 |
10270781 |
09/03/2011 |
95,337,648.00 |
KOTAK MAHINDRA
BANK LIMITED |
36-38A, NARIMAN BHAVAN,
227,D,, NARIMAN POINT,, MUMBAI, MAHARASHTRA - 400021, INDIA |
B07706385 |
|
21 |
10267614 |
27/12/2010 |
18,999,900.00 |
BAJAJ FINANCE
LIMITED |
AKURDI PUNE-,
PUNE, MAHARASHTRA - 411035, INDIA |
B06239446 |
|
22 |
10259313 |
11/12/2010 |
64,620,000.00 |
HDFC BANK
LIMITED |
HDFC BANK HOUSE,
SENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
B02654796 |
|
23 |
10260595 |
11/12/2010 |
126,666,000.00 |
BAJAJ FINANCE
LIMITED |
AKURDI PUNE-,
PUNE, MAHARASHTRA - 411035, INDIA |
B03216785 |
|
24 |
10254985 |
23/11/2010 |
3,000,000.00 |
LAKSHMI VILAS
BANK |
BANK STREET,,
KOTI, HYDERABAD, ANDHRA PRADESH - 500001, INDIA |
B01155753 |
|
25 |
10246959 |
30/09/2010 |
83,997,000.00 |
TATA CAPITAL
LIMITED |
ONE FORBES, DR V
B GANDHI MARG, FORT, MUMBAI, MAHARASHTRA - 400001, INDIA |
A97457998 |
|
26 |
10246498 |
31/08/2010 |
125,055,000.00 |
TATA CAPITAL
LIMITED |
ONE FORBES, DR V
B GANDHI MARG, FORT, MUMBAI, MAHARASHTRA - 400001, INDIA |
A95264073 |
|
27 |
10240916 |
21/08/2010 |
56,999,700.00 |
TATA CAPITAL
LIMITED |
ONE FORBES, DR V
B GANDHI MARG, FORT, MUMBAI, MAHARASHTRA - 400001, INDIA |
A95254843 |
|
28 |
10241660 |
15/04/2011 * |
9,700,000,000.00 |
BANK OF BARODA |
CORPORATE
FINACIAL BRANCH, 3-6-262/6,, TIRUMALA E |
B11437159 |
|
29 |
10235722 |
10/08/2010 |
198,141,541.00 |
HDFC BANK
LIMITED |
HDFC BANK HOUSE,
SENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
A92789387 |
|
30 |
10234924 |
08/07/2010 |
161,737,913.00 |
HDFC BANK
LIMITED |
HDFC BANK HOUSE,
SENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
A92059567 |
|
31 |
10221952 |
28/05/2010 |
1,000,000,000.00 |
ICICI BANK
LIMITED |
LANDMARKRACE
COURCE CIRCLE, ALKAPURI, BARODA, GUJARAT - 390015, INDIA |
A86918349 |
|
32 |
10213562 |
20/04/2010 |
1,200,000,000.00 |
AXIS BANK
LIMITED |
6-9-879/B,
GROUND FLOOR,, G. PULLA REDDY BUILDING, GREEN LANDS, BEGUMPET ROAD, HYDERABAD,
ANDHRA PRADESH - 500016, INDIA |
A83368340 |
|
33 |
10224044 |
30/03/2010 |
1,000,000,000.00 |
LANDT
INFRASTRUCTURE FINANCE COMPANY LIMITED |
MOUNT
POONAMALLEE ROAD, MANAPAKKAM, CHENNAI, TAMIL NADU - 600089, INDIA |
A86004660 |
|
34 |
10221056 |
27/03/2010 |
4,402,500,000.00 |
CENTRAL BANK OF
INDIA |
CORPORATE
FINANCE BRANCH, BANK STREET, KOTI, HYDERABAD, ANDHRA PRADESH - 500001, INDIA |
A85119709 |
|
35 |
10166717 |
07/07/2009 |
110,700,000.00 |
PUNJAB &
SIND BANK |
FIRST FLOOR - PANCHASHEEL
TOWERS, M.G.ROAD, SECUNDERABAD, ANDHRA PRADESH - 500003, INDIA |
A65709735 |
|
36 |
10156985 |
29/06/2013 * |
35,000,000,000.00 |
CANARA BANK (AS
SECURITY TRUSTEE FOR THE BENEFIT O |
CANARA BANK BUILDING,,
112 J C ROAD, P B NO. 6648, BANGALORE, KARNATAKA - 560027, INDIA |
B80473317 |
|
37 |
10097890 |
28/03/2008 |
130,000,000.00 |
PUNJAB &
SIND BANK |
FIRST
FLOOR-PANCHASHEEL TOWERS, M.G.ROAD, SECUNDERABAD, ANDHRA PRADESH - 500003,
INDIA |
A36411403 |
* Date of charge modification
CHANGE OF ADDRESS:
The Registered Office of the company has been shifted from H.
No.8-2-293/82/A/379 and 379/A, Ground Floor, Plot No. 379, Road No.10, Jubilee
Hills, Hyderabad - 500033, Andhra Pradesh, India to the present address
w.e.f.01.01.2014.
CORPORATE INFORMATION
The Company is engaged as developer and operator of the Deep
Water Port at Krishnapatnam, Sree Potti Sreeramulu Nellore District, Andhra
Pradesh pursuant to the Concession Agreement on Build, Operate, Share and
Transfer (BOST) basis with Government of Andhra Pradesh (GOAP) for a period of
Thirty Years from the date of Commercial Operations (COD) and entitled for a
further period of Twenty Years (Two periods of 10 Years each). GOAP has
allotted 3212.64 Acres of land at Krishnapatnam for the development of the
Port. Construction of Phase-1 focused on Iron Ore, Coal and General Cargo for
which COD was declared on 20th March, 2009. Phase-II of the project caters
mainly Coal handling for Thermal Power Plants, General and Container Cargo for
which COD is declared on 31.12.2013.
YEAR IN RETROSPECT
During the year, the Company achieved a total income of
Rs.12044.029 Millions, as compared to Rs.9989.758 Millions in the previous year,
an increase of 20.56%. The Profit before tax was Rs.2295.049 Millions and the
Profit after tax was Rs.820.521 Millions for the financial year as against
Rs.3578.559 Lakhs and Rs.2310.724 Millions respectively for the previous
financial year.
FIXED ASSETS:
· Buildings
· Plant and equipment
· Furniture and fixtures
· Vehicles
· Office equipment
· Leasehold improvements
· Railway sidings
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. 63.29 |
|
|
1 |
Rs. 98.39 |
|
Euro |
1 |
Rs. 76.31 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
BVA |
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 |
4 |
|
--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 |
YES |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTERS |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
47 |
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.