MIRA INFORM REPORT

Report No. :	348077
Report Date :	03.11.2015

IDENTIFICATION DETAILS

Name :	INDIA GATEWAY TERMINAL PRIVATE LIMITED
Registered Office :	Administration Building, ICTT Vallarpadam Special Economic Zone, Mulavukadu Village, Ernakulam - 682 504, Kerala
Tel. No.:	91-484-4156100
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	16.09.2004
Com. Reg. No.:	09-017443
Capital Investment / Paid-up Capital :	Rs. 3750.000 Million
CIN No.: [Company Identification No.]	U74999KL2004PTC017443
IEC No.:	Not Available
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
PAN No.: [Permanent Account No.]	AABC13293F
Legal Form :	Private Limited Liability Company
Line of Business :	Subject renders Container Handling Services at ICTT.
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

B (26)

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Status :	Moderate
Payment Behaviour :	Slow but correct
Litigation :	Clear
Comments :	Subject was incorporated in the year 2004. DP World FZE (UAE) holds 81.63% stake in the subject company. For the year 2014, the company has achieved decent sales turnover but reported continuous loss since 2012. The company has eroded networth base marked by huge borrowings and poor liquidity position. However, trade relations are fair. Business is active. Payments are slow but correct. The company can be considered for business dealings with some caution.

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	Not Available
Rating	Not Available
Rating Explanation	Not Available
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 31-03-2015.

LOCATIONS

Registered Office :	Administration Building, ICTT Vallarpadam Special Economic Zone, Mulavukadu Village, Ernakulam - 682 504, Kerala, India
Tel. No.:	91-484-4156100/4156102
Fax No.:	91-484-4156255
E-Mail :	customersupport.igtpl@dpworld.com sreela.cs@dpworld.com
Website :	www.dpworld.com/cochin
Corporate Office:	Darabshaw House, Level - 1, Narottam Morarji Road, Ballard Estate, Mumabi - 4000001, Maharashtra, India
Tel. No.:	91-22-22610570
Fax No.:	91-22-22621405

DIRECTORS

As on 30.09.2014

Name :

Mr. Devang Mankodi Bhupendrakumar

Designation :

Director

Address :

7 Darpan, Bhagat Singh Road, Vile Parle (West), Mumbai - 400056, Maharashtra, India

Date of Birth/Age :

08.09.1968

Date of Appointment :

31.07.2012

DIN No.:

00139006

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U61200MH1997PTC109065	DP World Private Limited	Director	27/09/2005	27/09/2005	-	Active	NO
2	U28120MH2000PTC128675	Chennai Container Terminal Private Limited	Director	09/03/2006	09/03/2006	-	Active	NO
3	U45203MH1997PTC106790	NHAVA SHEVA INTERNATIONAL CONTAINER TERMINAL PRIVATE LIMITED	Whole-time director	22/04/2015	28/03/2006	-	Active	NO
4	U45203MH2004PTC147309	DUBAI PORTS AND FREE ZONES INTERNATIONAL (INDIA) PRIVATE LIMITED	Director	27/09/2007	27/09/2007	-	Active	NO
5	U74999KL2004PTC017443	INDIA GATEWAY TERMINAL PRIVATE LIMITED	Director	31/07/2012	13/12/2007	-	Active	NO
6	U35112GJ2000PTC039015	MUNDRA INTERNATIONAL CONTAINER TERMINAL PRIVATE LIMITED	Director	17/07/2009	18/09/2008	-	Active	NO
7	U74999MH2002PTC135508	VISAKHA CONTAINER TERMINAL PRIVATE LIMITED	Director	31/12/2008	31/12/2008	-	Active	NO
8	U35114WB1995PTC069392	BENGAL PORT PRIVATE LIMITED	Alternate director	02/09/2009	02/09/2009	04/12/2009	Active	NO
9	U45201MH2006PTC162970	EASTERN GATEWAY TERMINALS PRIVATE LIMITED	Alternate director	02/09/2009	02/09/2009	04/12/2009	Active	NO
10	U74120MH2007PTC166718	Container Rail Road Services Private Limited	Director	04/08/2010	27/11/2009	-	Active	NO
11	U63010MH2008PTC177942	HINDUSTAN PORTS PRIVATE LIMITED	Director	09/08/2012	09/08/2012	-	Active	NO
12	U63000MH2013PTC240442	Nhava Sheva (India) Gateway Terminal Private Limited	Director	25/09/2015	21/01/2015	-	Active	NO

Name :

Mr. Raghu Jairam

Designation :

Director

Address :

Chakiat House, Old Thevara Road, Pallimukku, Ernakulam, Cochin - 682016, Kerala, India

Date of Birth/Age :

04.10.1967

Date of Appointment :

16.08.2012

DIN No.:

00449312

Name :

Mr. Anil Wats

Designation :

Director

Address :

Villa 76, Street 25 C, Umm Suqeim 1, Po Box 17000, Dubai, NA , United Arab Emirates

Date of Birth/Age :

13.04.1957

Date of Appointment :

16.03.2012

DIN No.:

00888308

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U74999KL2004PTC017443	INDIA GATEWAY TERMINAL PRIVATE LIMITED	Director	16/03/2012	26/06/2006	-	Active	NO
2	U35112GJ2000PTC039015	MUNDRA INTERNATIONAL CONTAINER TERMINAL PRIVATE LIMITED	Director	16/12/2009	27/06/2006	-	Active	NO
3	U45203MH1997PTC106790	NHAVA SHEVA INTERNATIONAL CONTAINER TERMINAL PRIVATE LIMITED	Director	15/12/2009	28/06/2006	-	Active	NO
4	U28120MH2000PTC128675	Chennai Container Terminal Private Limited	Director	15/12/2009	27/09/2006	-	Active	NO
5	U74999MH2002PTC135508	VISAKHA CONTAINER TERMINAL PRIVATE LIMITED	Alternate director	30/09/2006	30/09/2006	02/05/2011	Active	NO
6	U63000MH2013PTC240442	Nhava Sheva (India) Gateway Terminal Private Limited	Director	25/09/2015	20/11/2014	-	Active	NO

Name :

Mr. Yash Vardhan

Designation :

Director

Address :

T - V/11, Railway Officers Enclave, San Martin Marg, Chanakyapuri, Delhi - 110021, India

Date of Appointment :

29.09.2010

DIN No.:

01842119

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	L63011DL1988GOI030915	CONTAINER CORPORATION OF INDIA LIMITED	Whole-time director	28/09/2007	28/09/2007	-	Active	NO
2	U63030HR2007PLC036995	Container Gateway Limited	Director	25/09/2010	21/11/2007	-	Active	NO
3	U63012MH2007PTC176436	HIND CONCOR TERMINALS (DADRI) PRIVATE LIMITED	Director	04/12/2007	04/12/2007	-	Under liquidation	NO
4	U63023MH2008PTC183494	ALLCARGO LOGISTICS PARK PRIVATE LIMITED	Nominee director	27/11/2009	13/06/2008	07/04/2011	Active	NO
5	U45203MH2004PTC147791	GATEWAY TERMINALS INDIA PRIVATE LIMITED	Director	12/05/2010	30/10/2009	-	Active	NO
6	U74999KL2004PTC017443	INDIA GATEWAY TERMINAL PRIVATE LIMITED	Director	29/09/2010	14/12/2009	-	Active	NO
7	U51909DL2006PLC145734	FRESH AND HEALTHY ENTERPRISES LIMITED	Nominee director	06/01/2010	06/01/2010	-	Active	NO
8	U63000DL2009PTC193798	CONYK CARTRAC PRIVATE LIMITED	Director	12/03/2010	12/03/2010	-	Under liquidation	NO
9	U60231DL2007PTC216625	TCI-CONCOR Multimodal Solutions Private Limited	Alternate director	12/05/2010	12/05/2010	07/04/2011	Active	NO
10	U62200DL2012GOI239207	CONCOR AIR LIMITED	Director	24/07/2012	24/07/2012	-	Active	NO

Name :

Mr. Anil Satdev Singh

Designation :

Director

Address :

Flat No. 6, 5th Floor, Hill Park, AG Bell Road, Malabar Hill, Mumbai - 400006, Maharashtra, India

Date of Birth/Age :

12.12.1954

Date of Appointment :

24.09.2009

DIN No.:

02728638

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U63010MH2008PTC177942	HINDUSTAN PORTS PRIVATE LIMITED	Director	14/07/2009	01/07/2009	-	Active	NO
2	U74120MH2007PTC166718	Container Rail Road Services Private Limited	Director	14/07/2009	01/07/2009	-	Active	NO
3	U45203MH2004PTC147309	DUBAI PORTS AND FREE ZONES INTERNATIONAL (INDIA) PRIVATE LIMITED	Director	24/09/2009	01/07/2009	-	Active	NO
4	U74999MH2003PTC139913	P AND O INFORMATION SYSTEMS PRIVATE LIMITED	Director	24/09/2009	01/07/2009	-	Strike off	NO
5	U61200MH1997PTC109065	DP World Private Limited	Managing director	11/06/2014	01/07/2009	-	Active	NO
6	U28120MH2000PTC128675	Chennai Container Terminal Private Limited	Director	30/09/2014	01/07/2009	-	Active	NO
7	U35112GJ2000PTC039015	MUNDRA INTERNATIONAL CONTAINER TERMINAL PRIVATE LIMITED	Director	30/09/2014	01/07/2009	-	Active	NO
8	U45203MH1997PTC106790	NHAVA SHEVA INTERNATIONAL CONTAINER TERMINAL PRIVATE LIMITED	Director	30/09/2014	01/07/2009	-	Active	NO
9	U74999MH2002PTC135508	VISAKHA CONTAINER TERMINAL PRIVATE LIMITED	Nominee director	27/07/2009	27/07/2009	-	Active	NO
10	U74999KL2004PTC017443	INDIA GATEWAY TERMINAL PRIVATE LIMITED	Director	24/09/2009	13/08/2009	-	Active	NO
11	U35114WB1995PTC069392	BENGAL PORT PRIVATE LIMITED	Director	29/09/2009	02/09/2009	-	Active	NO
12	U45201MH2006PTC162970	EASTERN GATEWAY TERMINALS PRIVATE LIMITED	Director	28/06/2010	02/09/2009	-	Active	NO
13	U63090MH2013PTC240421	Nhava Sheva International Gateway Terminal Private Limited	Director	12/02/2013	12/02/2013	-	Strike off	NO
14	U63000MH2013PTC240442	Nhava Sheva (India) Gateway Terminal Private Limited	Director	13/02/2013	13/02/2013	-	Active	NO
15	U74999MH1924NPL001128	BOMBAY CHAMBER OF COMMERCE AND INDUSTRY	Director	06/06/2013	06/06/2013	-	Active	NO
16	U70100MH1950PLC008224	HILL PROPERTIES LIMITED	Director	24/08/2015	30/12/2014	-	Active	NO

Name :

Mr. Abdulla Mohd A S Bin Damithan Alqmzi

Designation :

Director

Address :

617-Nadd Al Shiba Fourth, Dubai, NA, United Arab Emirates

Date of Birth/Age :

08.06.1978

Date of Appointment :

21.06.2011

DIN No.:

03594856

Name :

Mr. Ramakrishnan Sivaswamy Iyer

Designation :

Nominee Director

Address :

P. O. Box No: 8458, Dubai, UAE, Dubai, NA, United Arab Emirates

Date of Birth/Age :

01.01.1961

Date of Appointment :

09.12.2005

DIN No.:

00057637

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U35110MH1977PLC020050	TRANSWORLD SHIPPING AND LOGISTICS LIMITED	Director	31/12/1977	31/12/1977	-	Active	NO
2	U51100MH1980PLC022476	SRS FREIGHT MANAGEMENT LIMITED	Director	23/04/1980	23/04/1980	-	Active	NO
3	U24239TN1985PTC067397	TRANSWORLD PHARMA (MADRAS) PRIVATE LIMITED	Director	23/02/1985	23/02/1985	07/09/2007	Active	NO
4	U63032MH1985PLC035913	ALBATROSS SURVEYORS LIMITED	Director	11/04/1985	11/04/1985	-	Strike off	NO
5	U51900MH1985PTC037871	TRIDENT TRADING PVT LIMITED	Director	28/10/1985	28/10/1985	24/03/2015	Active	NO
6	L63000MH1988PLC048500	SHREYAS SHIPPING AND LOGISTICS LIMITED	Managing director	01/04/2014	16/08/1988	-	Active	NO
7	U74999TN1989PTC018060	TRANSWORLD GLS (INDIA) PRIVATE LIMITED	Director	15/09/1989	15/09/1989	-	Active	NO
8	U70101TN1990PTC019328	SIVASWAMY HOLDINGS PRIVATE LIMITED	Director	21/06/1990	21/06/1990	-	Active	NO
9	U63090TN1990PTC020008	TRANSWORLD TERMINALS PRIVATE LIMITED	Director	12/12/1990	12/12/1990	-	Active	NO
10	U61100MH1991PTC060411	CLARION SOLUTIONS Private LIMITED	Director	21/02/1991	21/02/1991	24/03/2015	Active	NO
11	U74140TN1992PTC022064	TRANSWORLD MANAGEMENT CONSULTANCY PRIVATE LIMITED	Director	23/01/1992	23/01/1992	-	Active	NO
12	U63090MH1992PLC067211	CRESCENT SHIPPING AGENCY (INDIA) LIMITED	Director	15/06/1992	15/06/1992	-	Active	NO
13	U67190MH1992PLC068968	TRANSCORP FINANCE LIMITED	Director	12/10/1992	12/10/1992	24/03/2015	Active	NO
14	U71120TN1993PLC025476	TRANSWORLD LOGISTICS LIMITED	Director	21/07/1993	21/07/1993	24/03/2015	Active	NO
15	U63011MH1993PTC189147	TLPL SHIPPING AND LOGISTICS PRIVATE LIMITED	Director	20/10/1993	20/10/1993	-	Active	NO
16	U61100MH1994PLC077152	Shreyas Relay Systems Limited	Director	17/03/1994	17/03/1994	-	Active	NO
17	U35110MH1994PLC077668	ADMEC LOGISTICS LIMITED	Director	12/04/1994	12/04/1994	24/03/2015	Active	NO
18	U67120MH1994PTC082742	TRANSCORP SECURITIES LIMITED	Director	09/11/1994	09/11/1994	-	Strike off	NO
19	U45201TN1995PTC029951	TRANSWORLD CONSTRUCTIONS PRIVATE LIMITED	Director	25/01/1995	25/01/1995	-	Strike off	NO
20	U63090MH1995PLC093446	RELAY SHIPPING AGENCY LIMITED	Director	09/10/1995	09/10/1995	-	Active	NO
21	U40100MH1995PLC094819	TRANSWORLD ENERGIES LIMITED	Director	28/11/1995	28/11/1995	-	Strike off	NO
22	U52599TN1996PTC035012	TEJAS OIL PRIVATE LIMITED	Director	02/04/1996	02/04/1996	24/03/2015	Active	NO
23	U15141TN1996PTC035272	TRANSWORLD OIL PRIVATE LIMITED	Director	22/04/1996	22/04/1996	-	Active	NO
24	U61000MH1996PLC102113	ALBATROSS SHIPPING LIMITED	Director	23/08/1996	23/08/1996	-	Active	NO
25	U63090MH1998PLC115223	ORIENT EXPRESS SHIP MANAGEMENT LIMITED	Director	04/06/1998	04/06/1998	-	Active	NO
26	U63090TN2002PTC048327	CRESCENT TAKE GLOBAL SUPPLY CHAIN PRIVATE LIMITED	Director	23/01/2002	23/01/2002	-	Strike off	NO
27	U63032TN2004PTC052994	CMA CGM EAST AND SOUTH INDIA PRIVATE LIMITED	Director	19/04/2004	19/04/2004	01/10/2007	Active	NO
28	U63000MH2004PTC146805	ALBATROSS INLAND PORTS PRIVATE LIMITED	Director	07/06/2004	07/06/2004	16/06/2014	Active	NO
29	U63030MH2005PTC155498	ALBATROSS LOGISTICS CENTRE (INDIA) PRIVATE LIMITED	Director	19/08/2005	19/08/2005	-	Active	NO
30	U63090MH2005PTC156248	TLPL LOGISTICS PRIVATE LIMITED	Director	21/09/2005	21/09/2005	24/03/2015	Active	NO
31	U74999KL2004PTC017443	INDIA GATEWAY TERMINAL PRIVATE LIMITED	Nominee director	09/12/2005	09/12/2005	-	Active	NO
32	U63032MH2007PTC168115	United Arab Shipping Agency Company (India) Private Limited	Director	26/02/2007	26/02/2007	12/08/2015	Active	NO
33	U92412MH2008NPL177582	TRANSWORLD CULTURAL AND SPORTS FOUNDATION	Director	08/01/2008	08/01/2008	-	Active	NO
34	U66010MH2007PLC167164	IDBI Federal Life Insurance Company Limited	Director	10/06/2008	21/04/2008	23/12/2010	Active	NO
35	U28992MH2004PTC148047	TRIDENT TERMINALS PRIVATE LIMITED	Director	19/06/2009	30/12/2008	-	Amalgamated	NO
36	U61200MH2010FTC200681	MISC AGENCIES INDIA PRIVATE LIMITED	Director	09/03/2010	09/03/2010	22/06/2012	Under liquidation	NO
37	U61200MH2013FTC239511	TRANSWORLD BULK CARRIERS (INDIA) PRIVATE LIMITED	Director	10/01/2013	10/01/2013	-	Active	NO
38	U74900MH2015FTC269543	BSL Freight Solutions Private Limited	Director	24/10/2015	24/10/2015	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Jibu Kurian Itty
Designation :	Chief Executive Officer
Address :	Flat No - 9a, Ivory Heights Apartments, Parambithara Cross Road, Panampilly Nagar, Ernakulam - 682036, Kerala, India
Date of Appointment :	22.04.2015
PAN No.:	AABPI0763K
Name :	Mr. Sreela Chandrasenan
Designation :	Secretary
Address :	Saarang, Chandrathil Road, Edappally, Ernakulam - 682024, Kerala, India
Date of Birth/Age :	30.05.1970
Date of Appointment :	11.08.2008
PAN No.:	ADJPC6434C

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 30.09.2014

Names of Shareholders	No. of Shares
DP World FZE, UAE	306096874
Anil S Singh	1
Container Corporationn of India Limited, India	54600000
Chakiat Infrastructure and Investments Private Limited, India	10303125
Transworld Shipping and Logistics Limited, India	4000000
Total	375000000

Equity Share Break up (Percentage of Total Equity)

As on 30.09.2014

Category	Percentage
Government (Central and State)	14.56
Foreign holdings( Foreign institutional investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s) or Overseas Corporate bodies or Others	81.63
Bodies corporate	3.81
Total	100.00

BUSINESS DETAILS

Line of Business :

Subject renders Container Handling Services at ICTT.

Products/Services :

Item Code No.	Product Description
99671101	Container handling services

Brand Names :

Not Available

Agencies Held :

Not Available

Exports :

Not Available

Imports :

Not Available

Terms :

Not Available

PRODUCTION STATUS NOT AVAILABLE

GENERAL INFORMATION

Suppliers :

Reference :	Not Available
Name of the Person :	Not Available
Contact No.:	Not Available
Since How Long Known :	Not Available
Maximum Limit Dealt :	Not Available
Experience :	Not Available
Remark:	Not Available

Customers :

Reference :	Not Available
Name of the Person :	Not Available
Contact No.:	Not Available
Since How Long Known :	Not Available
Maximum Limit Dealt :	Not Available
Experience :	Not Available
Remark:	Not Available

No. of Employees :

Not Available

Bankers :

Bank Name	Standard Charted bank
Branch	19, Rajaji Salai, Chennai - 600001, Tamilnadu, India
Person Name (With Designation)	Not Divulged
Contact Number	Not Divulged
Name of Account Holder	Not Divulged
Account Number	Not Divulged
Account Since (Date/Year of Account Opening)	Not Divulged
Average Balance Maintained (If Possible)	Not Divulged
Credit Facilities Enjoyed (If any)	Not Divulged
Account Operation	Not Divulged
Remarks (If any)	Not Divulged

Facilities :

(Rs. In Million)

SECURED LOAN	As on 31.03.2014	As on 31.03.2013
LONG TERM BORROWING
Foreign currency term loans from banks Hypothecation on moveable assets of the company	3906.500	2719.470
Rupee term loans from others	0.000	500.000
Total	3906.500	3219.470

Auditors :
Name :	BBSE and Company Chartered Accountants
Address :	Lodha Excelus, 1^st Floor, Apollo Mills Compound, N.M. Joshi Marg, Mahalakshmi, Mumbai - 400011, Maharashtra, India
PAN N Income-tax PAN of auditor or auditor's firm :	AAKFB4397F
Memberships :	--
Collaborators :	--
Holding company:	DP World FZE, United Arab Emirates
Fellow Subsidiary companies:	Nhava Sheva International Container Terminal Private Limited India Chennai Container Terminal Private Limited, India Mundra International Container Terminal Private Limited, India

CAPITAL STRUCTURE

As on 30.09.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
600000000	Equity Shares	Rs.10/- each	Rs. 6000.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
375000000	Equity Shares	Rs.10/- each	Rs. 3750.000 Million

FINANCIAL DATA

[all figures are in Rupees Million]

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	3750.000	3750.000	3750.000
(b) Reserves & Surplus	(4604.490)	(3449.080)	(2416.021)
(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)	(854.490)	300.920	1333.979
(3) Non-Current Liabilities
(a) long-term borrowings	6936.500	5809.470	6809.390
(b) Deferred tax liabilities (Net)	0.000	0.000	0.000
(c) Other long term liabilities	543.770	591.590	494.488
(d) long-term provisions	2.960	4.350	2.821
Total Non-current Liabilities (3)	7483.230	6405.410	7306.699
(4) Current Liabilities
(a) Short term borrowings	877.850	983.160	358.431
(b) Trade payables	6.630	8.640	10.444
(c) Other current liabilities	1054.120	1478.670	839.758
(d) Short-term provisions	0.120	0.180	0.142
Total Current Liabilities (4)	1938.720	2470.650	1208.775
TOTAL	8567.460	9176.980	9849.453
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	8347.620	8983.320	9642.084
(ii) Intangible Assets	26.800	1.020	2.133
(iii) Capital work-in-progress	2.490	20.320	0.000
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	0.000	0.000	0.000
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	81.240	59.920	104.773
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	8458.150	9064.580	9748.990
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	27.490	25.690	34.587
(c) Trade receivables	40.300	48.600	35.473
(d) Cash and cash equivalents	10.010	6.190	8.077
(e) Short-term loans and advances	21.010	27.350	16.341
(f) Other current assets	10.500	4.570	5.985
Total Current Assets	109.310	112.400	100.463
TOTAL	8567.460	9176.980	9849.453

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2014	31.03.2013	31.03.2012
	SALES
	Revenue from Operations	1603.910	1604.900	1496.560
	Other Income	NA	NA	NA
	TOTAL	NA	NA	NA
Less	TOTAL EXPENSES	NA	NA	NA
	PROFIT/ (LOSS) BEFORE TAX	NA	NA	NA
Less	TAX	NA	NA	NA
	PROFIT/ (LOSS) AFTER TAX	(1155.410)	(1033.060)	(1230.720)
	IMPORTS
	Stores and spares	NA	4.25 0	12.770
	TOTAL IMPORTS	NA	4.250	12.770
	Earnings / (Loss) Per Share (Rs.)	(3.08)	(2.75)	(3.28)

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	31.03.2014	31.03.2013	31.03.2012
Current Maturities of Long term debt	542.450	941.270	304.629
Cash generated from operations	NA	NA	NA
Net cash flows from (used in) operations	467.600	722.460	576.746
Net cash flow from operating activity	452.090	765.190	576.191

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Net Profit Margin (PAT / Sales)	(%)	(72.04)	(64.37)	(82.24)
Debt Equity Ratio (Total Debt /Networth)		(9.78)	25.70	5.60
Current Ratio (Current Asset/Current Liability)		0.06	0.05	0.08

FINANCIAL ANALYSIS

[all figures are in Rupees Million]

DEBT EQUITY RATIO

Particular	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Share Capital	3750.000	3750.000	3750.000
Reserves & Surplus	(2416.021)	(3449.080)	(4604.490)
Money received against share warrants	0.000	0.000	0.000
Share Application money pending allotment	0.000	0.000	0.000
Net worth	1333.979	300.920	(854.490)
long-term borrowings	6809.390	5809.470	6936.500
Short term borrowings	358.431	983.160	877.850
Current maturities of long-term debts	304.629	941.270	542.450
Total borrowings	7472.450	7733.900	8356.800
Debt/Equity ratio	5.602	25.701	(9.780)

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Sales	1496.560	1604.900	1603.910
		7.239	(0.062)

NET PROFIT MARGIN

Net Profit Margin	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Sales	1496.560	1604.900	1603.910
Profit	(1230.720)	(1033.060)	(1155.410)
	(82.24)%	(64.37)%	(72.04)%

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	No
8	Designation of contact person	No
9	Promoter’s background	Yes
10	Date of Birth of Proprietor / Partners / Directors	Yes
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	Yes
18	Major suppliers	No
19	Major customers	No
20	Banking Details	Yes
21	Banking facility details	Yes
22	Conduct of the banking account	--
23	Financials, if provided	Yes
24	Capital in the business	Yes
25	Last accounts filed at ROC, if applicable	Yes
26	Turnover of firm for last three years	Yes
27	Reasons for variation <> 20%	--
28	Estimation for coming financial year	No
29	Profitability for last three years	Yes
30	Major shareholders, if available	Yes
31	External Agency Rating, if available	No
32	Litigations that the firm/promoter involved in	--
33	Market information	--
34	Payments terms	No
35	Negative Reporting by Auditors in the Annual Report	No

BACKGROUND OF THE COMPANY

The Company was incorporated on 16 September 2004. Effective 1 April 2005, the Company entered into a License Agreement (LA) with Cochin Port Trust (CoPT/Licensor) to (a) operate and develop the Rajiv Gandhi Container Terminal (RGCT) at Cochin and (b) develop, construct, operate and manage on a Build Operate Transfer basis, the International Container Transhipment Terminal (ICTT) at Vallarpadam, Cochin, for a period of 30 years. On 18 February 2011, the Company shifted its operation from RGCT to ICTT.

FINANCIAL AND OPERATIONAL HIGHLIGHTS

This is the ninth year of operation since the Company took over the operations from Cochin Port Trust on 1st April 2005.

During the year 2013-2014, Company has recorded revenue from operations of Rs. 1603.910 Million and a net loss after tax of Rs.1155.410 (Million for 12 months period ended 31st, March, 2014 as against revenue of Rs 1604.900 Million and net loss after tax of Rs. 1033.060 Million for the previous year ended 31st, March 2013

OPERATIONS

The phase 1A of International Container Transshipment Terminal (ICTT) consists of 600 meters of quay length, 4 Quay Cranes, 15 Rubber Tyred Gantry Cranes etc is operational from February 2011.During the year 2013-14 Company has handled a volume of 346,204 Teus against the budgeted volume of 751,150 Teus. Company could not achieve the expected volume due to various factors including the adverse market conditions, stiff competition from competitors etc.

Management is taking all efforts to rapidly grow ICTT Vallarpadam. Management is in discussion with major shipping lines viz; Maersk Line, MOL, NYK and Evergreen for bringing mainline vessels to ICTT.

UNSECURED LOAN

(Rs. In Million)

Particulars	As on 31.03.2014	As on 31.03.2013
LONG TERM BORROWING
Loans and advances from others	3030.000	2590.000
SHORT TERM BORROWING
Foreign currency term loans from banks	0.000	271.950
Loans and advances from related parties	877.850	711.210
Total	3907.850	3573.160

INDEX OF CHARGES: NO CHARGES EXIST FOR THE COMPANY

FIXED ASSETS

• Land
• Buildings
• Office building
• Plant and equipment
• Furniture and fixtures
• Vehicles
• Motor vehicles
• Computer

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 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.65.22
UK Pound	1	Rs.99.93
Euro	1	Rs.71.66

INFORMATION DETAILS

Analysis Done by :	AMT
Report Prepared by :	RKI

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	4
PAID-UP CAPITAL	1~10	4
OPERATING SCALE	1~10	4
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	3
--PROFITABILITY	1~10	2
--LIQUIDITY	1~10	2
--LEVERAGE	1~10	2
--RESERVES	1~10	2
--CREDIT LINES	1~10	3
--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
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		26

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.