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%20GATEWAY%20TERMINAL%20PRIVATE%20LIMITED%20-%20503846_MIRA%2014-Apr-2018_files/image002.jpg){kind=small}
%20GATEWAY%20TERMINAL%20PRIVATE%20LIMITED%20-%20503846_MIRA%2014-Apr-2018_files/image004.jpg)
%20GATEWAY%20TERMINAL%20PRIVATE%20LIMITED%20-%20503846_MIRA%2014-Apr-2018_files/image006.gif)
MIRA INFORM REPORT
|
Report No. : |
503846 |
|
Report Date : |
14.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
NHAVA
SHEVA (INDIA) GATEWAY TERMINAL PRIVATE LIMITED [w.e.f. 17.06.2013] |
|
|
|
|
Formerly Known
As : |
CONTAINER
TERMINAL NHAVA SHEVA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Darabshaw House, Level 1,
Soorji Vallabhdas Marg, Ballard Estate, Mumbai – 400038, Maharashtra |
|
Tel. No.: |
91-22-61733100 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
13.02.2013 |
|
|
|
|
Com. Reg. No.: |
11-240442 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 600.500 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U63000MH2013PTC240442 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Divulged |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
27AAFCC1547C1Z1 |
|
|
|
|
TIN No.: |
27491010952 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAFCC1547C |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is engaged in the business of Designing, Building,
Financing, Developing, Operating, and Managing Container Handling Facility
with a quay length of 330 meters at Jawaharlal Nehru Port. [Registered Activity] |
|
|
|
|
No. of Employees
: |
Information declined by the Management |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Exist |
|
|
|
|
Comments : |
Subject was incorporated in the year 2013. “DP World Private Limited”,
India holds 51% and Hindustan Ports Private Limited”, India holds 49% stake
in the company. It is engaged in providing Logistics Solutions in the Infrastructure
Sector and to provide Port Associated Services. For the financial year 2017, the company has reported decline in its
revenue as compared to previous year but has managed to maintain decent
profit margin of 10.07%. The moderate financial profile of the company is marked by low reserve
base as compared to its capital along with negligible debt level. However, the rating also takes into consideration strong financial and
managerial support that the company receives from its major shareholders
entity backed by its well experienced management team. Business is active. Payment seems to be slow but correct. In view of aforesaid, 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.
EXTERNAL AGENCY RATING
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
31-03-2016.
BIFR (Board for Industrial & Financial Reconstruction) LISTING
STATUS
Subject’s name is not listed as a Sick Unit in
the publicly available BIFR (Board for Industrial & Financial
Reconstruction) list as of 14.04.2018.
IBBI (Insolvency and Bankruptcy Board of India) LISTING STATUS
Subject’s name is not listed in the publicly
available IBBI (Insolvency and Bankruptcy Board of India) list as of report
date.
INFORMATION DECLINED
MANAGEMENT NON-COOPERATIVE
[Contact No: 91-22-61733100/ 27243500]
LOCATIONS
|
Registered Office : |
Darabshaw House, Level 1,
Soorji Vallabhdas Marg, Ballard Estate, Mumbai – 400038, Maharashtra, India |
|
Tel. No.: |
91-22-61733100/ 27243500 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
DIRECTORS
AS ON: 31.03.2017
|
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 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
21.01.2015 |
|
PAN No.: |
AADPD5302P |
|
DIN No.: |
00139006 |
|
|
|
|
Name : |
Mr. Yuvraj Narayan |
|
Designation : |
Additional Director |
|
Address : |
Flat No. 4A, 7 Raj Narain Road, Delhi-110054, India |
|
Date of Appointment : |
23.11.2017 |
|
DIN No.: |
00306652 |
|
|
|
|
Name : |
Mr. Rizwan Sultanali Soomar |
|
Designation : |
Additional Director |
|
Address : |
A/503, Bianca A-Wing, Panch Marg, Opposite Raj Mahal, Yari Road, Andheri West, Opp. Raj Mahal, Mumbai-400061, Maharashtra, India |
|
Date of Appointment : |
23.11.2017 |
|
DIN No.: |
02398970 |
|
|
|
|
Name : |
Mr. Ravinder Singh Johal |
|
Designation : |
Director |
|
Address : |
B-402, Twins Tower C.H.S, Plot No 57, Sector-20 Behind Jalvayu Vihar Kharghar, Mumbai-410210, Maharashtra, India |
|
Date of Birth/Age : |
12.02.1973 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
16.12.2016 |
|
PAN No.: |
AADPD5302P |
|
DIN No.: |
07674145 |
|
|
|
|
Name : |
Mr. Matthew Wells Leech |
|
Designation : |
Director |
|
Address : |
6911 Conservatory Lane, Charlotte North Carolina 282103497 US |
|
Date of Birth/Age : |
05.04.1965 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
20.01.2017 |
|
DIN No.: |
07706662 |
|
|
|
|
Name : |
Mr. Kevin James D Souza |
|
Designation : |
Director |
|
Address : |
1/3 Chocksi Mansion, Dr. G. Ambekar Road, Parel, Mumbai - 400012, Maharashtra, India |
|
Date of Birth/Age : |
21.08.1960 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
13.02.2013 |
|
PAN No.: |
AADPD5302P |
|
DIN No.: |
00175176 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON: 27.09.2017
|
Names of Shareholders |
No. of Shares |
Percentage of Holding |
|
DP World Private Limited |
30625500 |
51.00 |
|
Hindustan Ports Private Limited |
29424500 |
49.00 |
|
|
|
|
|
Total |
60050000 |
100.00 |
AS ON: 27.09.2017
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Promoters – Body Corporate |
100.00 |
|
|
|
|
Total |
100.00 |
%20GATEWAY%20TERMINAL%20PRIVATE%20LIMITED%20-%20503846_MIRA%2014-Apr-2018_files/image008.gif)
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the business of Designing, Building,
Financing, Developing, Operating, and Managing Container Handling Facility with
a quay length of 330 meters at Jawaharlal Nehru Port. [Registered Activity] |
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Products/ Services : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
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Selling : |
Not Divulged |
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Purchasing : |
Not Divulged |
PRODUCTION STATUS: (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the Management |
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Bankers : |
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Facilities : |
--- |
|
|
|
|
Auditors : |
|
|
Name : |
BSR and Company LLP Chartered Accountants |
|
Address : |
Mumbai, Maharashtra, India |
|
PAN No.: |
AAAFB9852F |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Holding Company: |
DP World Private Limited, India [U61200MH1997PTC109065] |
|
|
|
|
Associate Company: |
Hindustan Ports Private Limited, India [U63010MH2008PTC177942] |
|
|
|
|
Enterprises which are owned, or have
significant influence of or are partners with Key management personnel and their
relatives : |
· DP World FZE · Nhava Sheva International Container Terminal Private Limited, India [U45203MH1997PTC106790] · World Crane Services FZE · DP World Asia Holdings Limited · Visakha Container Terminal Private Limited, India [U74999MH2002PTC135508] · DP World Limited |
CAPITAL STRUCTURE
AS ON: 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
65000000 |
Equity Shares |
INR 10/- each |
INR 650.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
60050000 |
Equity Shares |
INR 10/- each |
INR 600.500
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
600.500 |
600.500 |
600.500 |
|
(b) Reserves & Surplus |
11.100 |
(659.170) |
(65.814) |
|
(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) |
611.600 |
(58.670) |
534.686 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
11297.140 |
12204.150 |
8136.804 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c)
Other long term liabilities |
483.350 |
924.280 |
290.957 |
|
(d)
long-term provisions |
6.450 |
0.720 |
1.265 |
|
Total
Non-current Liabilities (3) |
11786.940 |
13129.150 |
8429.026 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b)
Trade payables |
104.200 |
224.640 |
0.000 |
|
(c)
Other current liabilities |
1678.160 |
893.340 |
1046.925 |
|
(d)
Short-term provisions |
2.980 |
2.360 |
38.536 |
|
Total
Current Liabilities (4) |
1785.340 |
1120.340 |
1085.461 |
|
|
|
|
|
|
TOTAL |
14183.880 |
14190.820 |
10049.173 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
618.240 |
31.540 |
3.254 |
|
(ii)
Intangible Assets |
11278.300 |
5361.610 |
0.000 |
|
(iii)
Capital work-in-progress |
0.000 |
0.000 |
5948.083 |
|
(iv) Intangible assets under development |
390.100 |
4479.460 |
0.000 |
|
(b) Non-current
Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.436 |
|
(d) Long-term Loan
and Advances |
0.000 |
0.000 |
322.879 |
|
(e)
Other Non-current assets |
522.830 |
916.870 |
150.000 |
|
Total
Non-Current Assets |
12809.470 |
10789.480 |
6424.652 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
37.500 |
16.890 |
0.000 |
|
(c)
Trade receivables |
157.250 |
128.480 |
0.000 |
|
(d)
Cash and cash equivalents |
171.370 |
682.170 |
3335.111 |
|
(e)
Short-term loans and advances |
0.000 |
0.000 |
210.604 |
|
(f)
Other current assets |
1008.290 |
2573.800 |
78.806 |
|
Total
Current Assets |
1374.410 |
3401.340 |
3624.521 |
|
|
|
|
|
|
TOTAL |
14183.880 |
14190.820 |
10049.173 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
5472.800 |
5583.570 |
0.000 |
|
|
|
Other Income |
683.040 |
11.780 |
0.000 |
|
|
|
TOTAL |
6155.840 |
5595.350 |
0.000 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
4100.630 |
5161.750 |
4.991 |
|
|
|
Employees benefits expense |
100.670 |
5.910 |
1.825 |
|
|
|
Other expenses |
53.160 |
522.900 |
12.236 |
|
|
|
TOTAL |
4254.460 |
5690.560 |
19.052 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
1901.380 |
(95.210) |
(19.052) |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
586.290 |
144.730 |
4.140 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
1315.090 |
(239.940) |
(23.192) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
691.690 |
370.060 |
1.398 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
623.400 |
(610.000) |
(24.590) |
|
|
|
|
|
|
|
|
|
Less |
TAX |
72.320 |
0.430 |
50.339 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
551.080 |
(610.430) |
(74.929) |
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (INR) |
9.18 |
(10.17) |
(1.25) |
|
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
633.590 |
314.570 |
2.960 |
|
|
|
|
|
|
Net cash flows from (used in) operations |
1113.570 |
618.270 |
279.487 |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
1056.780 |
558.050 |
262.622 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
10.49 |
8.40 |
0.00 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
34.80 |
43.46 |
0.00 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
9.27 |
15.88 |
0.00 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
50.70 |
(5.64) |
0.00 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.15 |
(0.01) |
0.00 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.97 |
0.96 |
0.92 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
19.51 |
(213.38) |
15.22 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
2.92 |
(19.10) |
2.03 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
20.09 |
(168.27) |
11.13 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
3.24 |
(0.66) |
(4.60) |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
10.07 |
(10.93) |
0.00 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
3.89 |
(4.30) |
(0.75) |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
90.10 |
1040.45 |
(14.01) |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
0.77 |
3.04 |
3.34 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.75 |
3.02 |
3.34 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.04 |
0.00 |
0.05 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
19.87 |
20.85 |
13.55 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
0.77 |
3.04 |
3.34 |
Total
Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term
debts
FINANCIAL ANALYSIS
[all figures are
in INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Share Capital |
600.500 |
600.500 |
600.500 |
|
Reserves & Surplus |
(65.814) |
(659.170) |
11.100 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
534.686 |
(58.670) |
611.600 |
|
|
|
|
|
|
long-term borrowings |
8136.804 |
12204.150 |
11297.140 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Current Maturities of Long
term debt |
2.960 |
314.570 |
633.590 |
|
Total
borrowings |
8139.764 |
12518.720 |
11930.730 |
|
Debt/Equity
ratio |
15.223 |
(213.375) |
19.507 |
%20GATEWAY%20TERMINAL%20PRIVATE%20LIMITED%20-%20503846_MIRA%2014-Apr-2018_files/image010.gif)
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales |
0.000 |
5583.570 |
5472.800 |
|
|
|
|
-1.984 |
%20GATEWAY%20TERMINAL%20PRIVATE%20LIMITED%20-%20503846_MIRA%2014-Apr-2018_files/image012.gif)
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales |
0.000 |
5583.570 |
5472.800 |
|
Profit/ (Loss) |
(74.929) |
(610.430) |
551.080 |
|
|
|
(10.93%) |
10.07% |
%20GATEWAY%20TERMINAL%20PRIVATE%20LIMITED%20-%20503846_MIRA%2014-Apr-2018_files/image014.gif)
LEGAL CASES
|
HIGH COURT OF
BOMBAY |
|
CASE DETAILS BENCH: BOMBAY |
|
PRESENTATION
DATE:- 07.04.2016 |
|
LODGING NO: CPL/268/2016
FILING DATE: 07.04.2016 |
|
PETITIONER:
SYLVESTER FORWARDERS PRIVATE LIMITED AND RESPONDENT: NAVA SHEVA
(INDIA) GATEWAY TERM PETN. ADV.: VERITAS LEGAL (I13416)
DISTRICT: MUMBAI |
|
BENCH: SINGLE STATUS: Transferred CATEGORY:
COMPANY PETITION U/SEC 433,434,439 COMPANIES ACT Transfer Date: 01.02.2017 Remark:
TRANSFERRED TO NCLT VIDE OFFICE LETTER NO. COM/58/2017, DT.01/02/2017 |
|
ACT: Companies Act
& Rules 1956
Under Section :- 433 (E),
434, 439 |
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 |
Yes |
|
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 |
No |
|
21 |
Banking facility details |
No |
|
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 |
Yes |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
INDEX OF CHARGES: NO
CHARGES EXISTS FOR COMPANY
UNSECURED LOANS
|
PARTICULARS |
31.03.2017 (INR
In Million) |
31.03.2016 (INR
In Million) |
|
LONG-TERM BORROWINGS |
|
|
|
Rupee term loans from banks |
9351.980 |
10214.160 |
|
Intercorporate borrowings |
1945.160 |
1989.990 |
|
|
|
|
|
Total |
11297.140 |
12204.150 |
CORPORATE INFORMATION
Nhava Sheva (India) Gateway Terminal Private Limited ('the Company') was incorporated on 13 February 2013 under the Companies Act, 1956. The Company was set-up by the name of Container Terminal Nhava Sheva Private Limited, which was subsequently changed to Nhava Sheva (India) Gateway Terminal Private Limited.
The Company signed a 17 year licence agreement on 19 June 2013 with Jawaharlal Nehru Port Trust ('JNPT') to engage in designing, building, financing, developing, operating, and managing container handling facility with a quay length of 330 meters at Jawaharlal Nehru Port. The concession period commences from 3 July 2014.
FINANCIAL RESULTS
Company has recorded revenue from operations of INR 5,472.800 Million and a profit after tax of INR 551.080 Million for 12 months period ended 31st March, 2017 as against revenue of INR 5,583.570 Million and loss after tax of INR 610.430 Million for the previous period ended 31st, March 2016. The Balance in the Profit and Loss account of INR 11.100 Million is being carried forward to the next year.
OVERVIEW OF COMPANY'S FINANCIAL PERFORMANCE
The company commenced full operations during the year. The gain for the year were on account of profit from operations of INR 1,218.000 Mn and due to unrealized foreign exchange gain on revaluation of loans and reversal of mark to market losses on Interest Rate Swaps of INR 513.710 Mn credited to P&L.
OPERATIONS:
The company commenced full commercial operations during the year at the Nhava Sheva Port.
The revenue from operations during the financial year stood at INR 5,472.800 million which includes an income of INR 2,547.220 million recognized on account of the service concession accounting under the IND AS. The company handled a volume of 445,111 TEUs.
There was no change in nature of the business of the Company, during the year.
FIXED ASSETS:
Tangible Assets
·
Buildings
·
Plant and Equipment
·
Furniture and Fixtures
·
Vehicles
·
Office Equipment
·
Computer Equipments
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
|
INR |
|
US Dollar |
1 |
INR 65.22 |
|
UK Pound |
1 |
INR 92.77 |
|
Euro |
1 |
INR 80.34 |
INFORMATION DETAILS
|
Information
Gathered by : |
SAV |
|
|
|
|
Analysis Done by
: |
PRS |
|
|
|
|
Report Prepared
by : |
IND |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--LITIGATION |
YES/NO |
YES |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
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 are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.