MIRA INFORM REPORT

 

 

Report No. :

324867

Report Date :

29.05.2015

 

IDENTIFICATION DETAILS

 

Name :

JAWAHARLAL NEHRU PORT TRUST

 

 

Administrative Office :

Nhava Sheva, Taluka Uran, Navi Mumbai – 400 707, Maharashtra

Tel. No.:

91-22-27244088

 

 

Country :

India

 

 

Date of Incorporation :

26.05.1989

 

 

Capital Investment / Paid-up Capital :

Not Divulged

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

PNEJ05125B

 

 

PAN No.:

[Permanent Account No.]

AAALJ0036D

 

 

Legal Form :

Government Owned Enterprise

 

 

Line of Business :

Providing Marine and Shipping Services

 

 

No. of Employees :

Information declined by the management

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Aa (79)

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Status :

Good

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Exists

 

 

Comments :

Subject is an established port owned by Government of India.

 

It is the biggest container handling port in India. It has ranked 24th among the top 100 container ports in the world.

 

 Management remains non-cooperative and denied to disclose any information about the trust.

 

The rating takes into consideration established market position in the container traffic segment, superior hinterland connectivity, strong linkages with the Government of India and healthy Financial risk profile.

 

However, trade relations are fair. Business is active. Payments are reported to be regular and as per commitment

 

Since the subject is an government organization it 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 – March 31, 2015

 

Country Name

Previous Rating

(31.12.2014)

Current Rating

(31.03.2015)

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

CRISIL

Rating

Rs. 20 Billion Tax Free Bond = CRISIL AAA

Rating Explanation

Highest degree of safety and carry lowest credit risk

Date

May 19, 2015

 

 

RBI DEFAILTERS’ LIST STATUS

 

Subject’s name is not enlisted as a defaulter in the publicly available RBI Defaulters’ list.

 

 

EPF (Employee Provident Fund) DEFAILTERS’ 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 DENIED BY

 

Name :

Mr. Vasudev Rao

Designation :

Finance Manager

Contact No.:

91-22-27244088

Date :

27.05.2015

 

 

LOCATIONS

 

Registered Office :

Nhava Sheva, Taluka Uran, Navi Mumbai – 400707, Maharashtra, India

Tel. No.:

91-22-27244196

Fax No.:

91-22-27244020

E-Mail :

abbuge@jnport.com

Website :

http://www.jnport.gov.in

 

 

 

BOARD OF TRUSTEES

 

Name :

Mrs. T. Kumar

Designation :

Additional Secretary and Financial Advisor

Address :

Ministry of Shipping, Transport Bhavan, 1, Sansad Marg, New Delhi - 110 001, India

Email:

asfamost@nic.in

 

 

Name :

Mr. N N Kumar

Designation :

Chairman

Address :

Jawaharlal Nehru Port Trust, Administration Building. Sheva, Navi Mumbai-400707, Maharashtra, India

 

 

Name :

Mr. Gautam Chatterjee , IAS

Designation :

Director General of Shipping

Address :

Jahaz Bhavan, Walchand Hirachand Marg, Mumbai- 400001, Maharashtra, India

E mail :

cgautam@dgshipping.com

john@dgshipping.com

 

 

Name :

Mr. D.K. Singh

Designation :

Chief Freight Transportation Manager,

Address :

Central Railway Gen. Manager's Office 1st floor, Annex Building, CST, Mumbai - 400001, Maharashtra, India

E mail :

cftm@cr.railnet.gov.in

 

 

Name :

Mr. C.S. Prasad

Designation :

Chief Commissioner of Custom

Address :

Jawaharlal Nehru Custom House Navi Mumbai – 400707, Maharashtra, India

Email :

chiefcom@jawaharcustom.gov.in

 

 

Name :

Mr. Dr. S. K. Sharma

Designation :

Principal Secretary

(Transport / Ports)

Address :

Home Department Government. of Maharashtra, 556, 5th floor, Mantralaya, Mumbai - 400 032, Maharashtra, India

Email :

sec_transport@maharashtra.gov.in 

 

 

Name :

Cmde V. K.Madhusoodnan

Designation :

Naval Officer-in-Charge (Mah)

Address :

HQ : Maharashtra Naval Area, C/o. Fleet Mail Office Shahid Bhagat Singh Road, Mumbai - 400 001, Maharashtra, India

Email :

vkmmangalam88@gmail.com

 

 

Name :

DIG S. D. Bhanot

Designation :

Chief of Staff

Address :

HQ : Coast Guard Region(W) Golfadevi Temple Road, Worli Seaface,Mumbai - 400 030, Maharashtra, India

Email :

cos-west@indiancoastguard.nic.in

 

 

Name :

Mr. Ravi Raja

Address :

Plot No. 224/F-1, 'Tarang Building', Tamil Sangam road, Sion (East), Mumbai - 400022, Maharashtra, India

Email :

raviraja166@ymail.com

 

 

Name :

Mr. Vasant V. Suryavanshi

Address :

32/553, Adarsha Nagar, Worli

Mumbai 400 030.

, Maharashtra, India

 

 

Name :

Mr. S. Selvam

Address :

F-1, Block - C, Royal Woods Maruthai Avenue, Kotturpuram, Chennai- 600 085

Tamilnadu, India

 

 

Name :

Mr. Pankaj I. Jain

Address :

K-83, Maker Towers, Cuffe Parade, Mumbai - 400 005, Maharashtra, India

 

 

Name :

Mr. J. N. Das

Designation :

Director (L and PS)

Address :

The Shipping Corporation of India Limited, Shipping House, 245 Madame Cama Road,Mumbai- 400 021, Maharashtra, India

 

 

Name :

Mr. Ashish S. Pednekar

Designation :

11, Dev Chhaya, Haji Ali, Opposite Hira Panna, Tardeo Road,Mumbai - 400 034, Maharashtra, India

 

 

Name :

Mr. K. P. Unnikrishnan

Designation :

President

Address :

Mumbai And Nhava Sheva Ship- Agents Association, 901, Arcedia Building , 9th Floor, 195, N.C.P.A. Marg, Nariman Point, Mumbai - 400 021, Maharashtra, India

 

 

Name :

Mr. George Joseph

Designation :

President

Address :

The Bombay Custom House Agents Association, 73/74 Mital Tower, 'C' Wing, 7th Floor , Nariman Point, Mumbai - 400 021.

 

 

STAFF DIRECTORY

 

CHAIRMAN OFFICE

 

Name :

Mr. K.N. Nair

Designation :

PS to Chairman

Email :

kesavannair@jnport.gov.in

 

 

Name :

Mrs. M.S. Joshi

Designation :

APS to Chairman

Email :

maitreyeejoshi@jnport.gov.in

 

 

DY. CHAIRMAN OFFICE

 

Name :

Mr. N.N. Kumar

Designation :

Deputy Chairman

Email :

deputychairman@jnport.gov.in

 

 

Name :

Mr. M.A. Nair

Designation :

PS to Deputy Chairman

Email :

mannuzhinair@jnport.gov.in

 

 

OFFICE OF CHIEF VIGILANCE OFFICER

 

Name :

Mr. P Ramjee

Designation :

Chief Vigilance Officer

Email :

cvo@jnport.gov.in

 

 

Name :

Mr. V.N. Datar

Designation :

PA to CVO

Email :

vivekdatar@jnport.gov.in

 

 

PRINCIPAL OFFICERS

 

Name :

Captain Jitendra Mishra

Designation :

Deputy Conservator

Email :

jmishra@jnport.gov.in

 

 

Name :

Mr. S.K. Kaul

Designation :

Chief Manager-Administration and Secy.

Email :

skkaul@jnport.gov.in

 

 

Name :

Mr. S.N. Maharana

Designation :

Chief Manager-Operations

Email :

snmaharana@jnport.gov.in

 

 

Name :

Mr. S P Shirwadkar

Designation :

C M (Finance)

Email :

cmf@jnport.gov.in

 

 

Name :

Mr. A J Lokhande

Designation :

C M (PP and D)

Email :

cmppd@jnport.gov.in

 

 

Name :

Mr. S.M. Shetty

Designation :

Utility Services

Email :

smshetty@jnport.gov.in

 

 

Name :

Capt. B.S. Kumar

Designation :

Senior Dock Master

Email :

bskumar@jnport.gov.in

 

 

Name :

Mr. Anant K. Hambarde

Designation :

M (Projects and CFS)

Email :

ananthambarde@jnport.gov.in

 

 

Name :

Mr. M.G. Ahire

Designation :

Senior Manager-Personnel and Investor Relations

Email :

mgahire@jnport.gov.in

 

 

Name :

Mr. U.K. Sharma

Designation :

M (Estate)

Email :

upendrasharma@jnport.gov.in

 

 

Name :

Dr. Raj Hingorani  

Designation :

Senior Deputy Chief Medical Supdt.

Email :

rajhingorani@jnport.gov.in

 

 

Name :

Mr. D S Garde 

Designation :

M (CT)

Email :

dilipgarde@jnport.gov.in

 

 

Name :

Mr. A K Hambarde 

Designation :

M (Projects and CFS)

Email :

ananthambarde@jnport.gov.in

 

 

Name :

Mr. J R Patil

Designation :

Manager (MCB)

Email :

jagdishpatil@inport.gov.in

 

 

LOCAL AGENCY FURTHER INFORMATION

 

Sr. No.

Check list by info agents

Available in Report (Yes/No)

1

Year of establishment

Yes

2

Constitution of the entity -Incorporation details

Yes

3

Locality of the entity

Yes

4

Premises details

No

5

Buyer visit details

----

6

Contact numbers

Yes

7

Name of the person contacted

Yes

8

Designation of contact person

Yes

9

Promoter’s background

Yes

10

Date of Birth of Proprietor / Partners / Directors

No

11

Pan Card No. of Proprietor / Partners

No

12

Voter Id Card No. of Proprietor / Partners

No

13

Type of business

Yes

14

Line of Business

Yes

15

Export/import details (if applicable)

No

16

No. of employees

No

17

Details of sister concerns

No

18

Major suppliers

No

19

Major customers

No

20

Banking Details

No

21

Banking facility details

No

22

Conduct of the banking account

-----

23

Financials, if provided

No

24

Capital in the business

No

25

Last accounts filed at ROC, if applicable

No

26

Turnover of firm for last three years

No

27

Reasons for variation <> 20%

------

28

Estimation for coming financial year

No

29

Profitability for last three years

No

30

Major shareholders, if available

No

31

External Agency Rating, if available

No

32

Litigations that the firm/promoter involved in

Yes

33

Market information

-----

34

Payments terms

No

35

Negative Reporting by Auditors in the Annual Report

No

 

 

CASE DETAILS

BENCH:-BOMBAY

 

Lodging No.:-

WPL/1009/2015

Filing Date:-

06/04/2015

 

 

Petitioner:-

DBC PORT LOGISTICS LTD.-

Respondent:-

JAWAHARLAL NEHRU PORT TRUST AND  ANR.

 

Petn.Adv.:-

MULLA & MULLA & CRAIGIE BLUNT & CAF

 

 

District:-

RAIGAD

 

 

Bench:-

DIVISION

Status:-

Pre-Admission

Category:-

WRIT PETITIONS (DIVIISION BENCH)

 

Next Date:-

18/06/2015

Stage:-

FOR ADMISSION – FRESH [ORIGINAL SIDE MATTERS]

 

Coram:-

HON’BLE SHRI JUSTICE V.M.  KANADE

 

 

HON’BLE SHRIJUSTICE M.S. SONAK

 

 

Act :-

Major Port Trusts Act

Under Section:-

49

 

HISTORY

 

Ever since its inception on May 26, 1989, JNP has charted India's international trade to a glorious course of success and achiviements, breaking all and creating new benchmarks, JNP is the biggest container handling Port in India, handling around 60% of the country's containerized cargo, crossing throughput. In its coveted role as the Hub Port on the Western Coast of India, JNP is ranked 24th among the top 100 Container Ports in the World.

 

Fueled by a passion to excel, JNP has anchored its presence with pride, to offer a wonderful Port User experience.

 

Having set for itself a long term goal of achieving 10 million TEU's by the year 2014-15, JNP throws open an array of worthwile opportunities for Shipping Lines and Shippers to ferry their cargo to various sectors across the globe.

 

Supported by top of the order, world class infrastructure with impeccable technological standards, facilities at JNP comprise a full fledged Customs House, above 23 Contanier Freight Stations and a large number of ICD's across the country. Excellent hinterland connectivity both by rail and road as well as proximity to Airports, Hotels etc., give the Port an extra edge to address the shippers needs, efficiently and promptly.

 

With its strong commitment to provide seamless service to its customers as India's prime facilitator of international trade, JNP strives to be the undisputed leader in the South Asian region in years to come.

 

HIGHLIGHTS

 

 

 

 

PORT DETAILS

 

1)         PORT LOCATION:

 

Latitude: 18 56'43" North and Longitude - 72 56'24" East along the eastern shore of Mumbai harbour  off Elephanta Island.

 

 Mean sea level is 2.51 m above Chart Datum

 

 Mean Spring Tidal Range in the harbour is 3.7 m

 

         Port handles vessels having draught upto 12.50 m

 

2.         CHANNEL:

 

Common Harbour channel for JNPT and Mumbai Port, up to No. 4 berth of Jawahar Dweep Terminal.

Designed Channel depth is 11 meters (Below Chart Datum)

Channel width 350 meters at entry point : 460 meters off the berths.

Depth off berth : 13.5 meters (Below Chart Datum)

Anchorage berth of 600 meters diameter

2000 meter of quay length for Container Berth.

445 meters of quay length of Feeder Container / Cement / Project Cargo Ships.

Twin Berth Liquid Cargo Jetty.

 

3)         PILOTAGE:

           

Round the clock pilotage

Port Operations Center manned round the clock

A common Vessel Traffic Management System (VTMS) for JNP & Mumbai Port

 

4)         FLOTILLA:

 

Pilot Launches : 4 Nos

Tugs: 8 nos (3 Nos. 30 Tonnes, 1 Nos. 45  

Tonnes and 4 Nos. 50 Ton Bollard pull)

Mooring Launches : 2 Nos

 High Speed Harbour patrolling launch   : 1 No.

VIP Launches: 2                

 

CONTAINER TERMINAL FACILITIES

 

CONTAINER TERMINAL

JNPCT

NSICT

GTICT

TOTAL

Quay Length (Mtrs)

680

600

712

1,992

Draft (Mtrs)

12.5

12.5

12.5

--

Capacity (In Million TEUs)

1.1

1.2

1.8

4.1

Reefer Plugs (Nos)

390

772

880

2042

                RMQCs (Nos)                 

8

8

10

26

RTGCs (Nos)

18

29

40

87

RMGCs (Nos)

5

3

3

11

Tractor Trailers

130

150

90

370

Backup Area - In Hectares (Container Yard)

61.80

26.46

54

142.26

Reach Stackers

10

3

4

17

Railway Siding Tracks For ICD

4

2

3

9

Yard Capacity (TEU's)

35000

24,888

26,000

85,888

 

 Liquid Cargo Terminal

 

1.  A twin berth liquid cargo terminal has been developed by M/s Bharat Petroleum Corporation Limited and IOC      Limited on BOT   basis for handling all grades of liquid cargo.

2.   A continuous piled 300 metres long and 40.5 metres wide jetty with facility to berth ships on both sides.

3.  Capacity 5.5. million tonnes per annum.

4. Capacity to accommodate a vessel of upto 1,00,000 tonnes displacement at outer berth and 45,000 tonnes       displacement at  inner berth.

5. The dredged depth at the outer berth is 13.5 metres and at the inner berth 12 metres

6. Six arms each with capacity of 1500 kltr.per hr. and two arms each of  3000 kltr / hr.

7. Fixed fire-fighting system as per OISD 156 norms and marine leg equipped with emergency release coupling.

 

PRESS RELEASES

 

JAWAHARLAL NEHRU PORT TRUST DRAGS FEET TO BENEFIT GUJARAT PORTS: RAJ THACKERAY

 DECEMBER 26, 2013

 

MUMBAI: MNS chief Raj Thackeray has accused the Jawaharlal Nehru Port Trust (JNPT) administration at Nhava-Sheva of deliberately delaying its key expansion projects so that ports in Gujarat state could benefit.


"While the JNPT's volume has been fast diminishing, private ports in Gujarat have over the last decade registered a phenomenal rise in volume," Thackeray stated in a letter to JNPT chairman N N Kumar.


Questioning the JNPT's logic in putting on hold some of its key expansion projects, Thackeray alleged that the infrastructure in and around Nhava-Sheva was in a shambles and that the port authorities were doing nothing to safeguard the interests of its customers. "The exporters have to queue up for nearly 15 km on the road to get in their containers at Nhava-Sheva. This causes delay and cost over-runs adding to their agony," the letter mentioned.Accusing the JNPT management of looking the other way when its private terminals have been "compelling" traders to divert their business to ports in Gujarat, Thackeray advised the port authorities not to jeopardize the interest of its work force and entrepreneurs. We are interested in Maharashtra's growth. We will not allow any action by the JNPT or by its private terminals that may help divert the volume of trade from Nhava-Sheva to other ports, he added.

 

 

CMT REPORT (Corruption, Money Laundering & Terrorism]

 

The Public Notice information has been collected from various sources including but not limited to: The Courts, India Prisons Service, Interpol, etc.

 

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. 63.90

UK Pound

1

Rs. 98.16

Euro

1

Rs. 69.74

 

 

INFORMATION DETAILS

 

Information Gathered by :

SVA

 

 

Analysis Done by :

SAN

 

 

Report Prepared by :

JYO

 

 

SCORE & RATING EXPLANATIONS

 

SCORE FACTORS

 

RANGE

POINTS

HISTORY

1~10

9

PAID-UP CAPITAL

1~10

8

OPERATING SCALE

1~10

9

FINANCIAL CONDITION

 

 

--BUSINESS SCALE

1~10

9

--PROFITABILITY

1~10

8

--LIQUIDITY

1~10

9

--LEVERAGE

1~10

9

--RESERVES

1~10

9

--CREDIT LINES

1~10

9

--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

NO

--LISTED

YES/NO

NO

--OTHER MERIT FACTORS

YES/NO

YES

DEFAULTER

 

 

--RBI

YES/NO

NO

--EPF

YES/NO

NO

TOTAL

 

79

 

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

 

--

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.