|
|
|
MIRA INFORM REPORT
|
Report No. : |
506425 |
|
Report Date : |
30.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
BHARAT MUMBAI CONTAINER TERMINALS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Admin Building, 4th Container Terminal, Jawaharlal Nehru Port,
Sheva Navi Mumbai, Raigarh – 400707, Maharashtra |
|
Tel. No.: |
91-22-61273311/61273312 |
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|
|
|
Country : |
India |
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|
|
|
Financials (as
on) : |
31.03.2017 |
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|
|
|
Date of
Incorporation : |
01.04.2014 |
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|
|
|
Com. Reg. No.: |
11-255169 |
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|
|
|
Capital
Investment / Paid-up Capital : |
INR 21034.200 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74999MH2014FTC255169 |
|
|
|
|
IEC No.: [Import-Export
Code No.] |
Not Divulged |
|
|
|
|
GSTN : [Goods & Service Tax Registration
No.] |
27AAFCB8930Q1Z0 |
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|
|
|
TIN No.: |
27705286548 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
|
PAN No.: [Permanent Account No.] |
AAFCB8930Q |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
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|
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Line of Business
: |
The Company is engaged in the business of container handling activities in addition to developing and maintaining the fourth container terminal at Jawaharlal Nehru Port. (Registered Activity) |
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|
|
|
No. of Employees
: |
Information denied 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 |
|
Maximum Credit Limit : |
USD 56000000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
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|
|
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Litigation : |
Exists |
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|
Comments : |
Subject is a subsidiary of “PSA Bharat Investments Pte Ltd”, Singapore. The company was incorporated in the year 2014. It is engaged in the business of Container Handling activities in addition to developing and maintaining the Fourth Container Terminal at Jawaharlal Nehru Port. Management has denied to provide any information about the subject to us. For the financial year 2017, the revenue of the company has increased by 6.68% but has incurred operational loss. The moderate financial profile of the company is marked by negative reserve base along with negligible debt level. However, rating takes into consideration equity infused by its promoters. The rating also takes into consideration strong financial and managerial support that the company receives from its holding 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.
ECGC Country Risk Classification List
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
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
31-03-2018.
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 30.04.2018
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 DENIED
MANAGEMENT NON-COOPERATIVE (91-22-61273311/61273312)
LOCATIONS
|
Registered Office : |
Admin Building, 4th Container Terminal, Jawaharlal Nehru
Port, Sheva Navi Mumbai, Raigarh – 400707, Maharashtra, India |
|
Tel. No.: |
91-22-61273311/61273312 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Suresh Narayana Amirapu |
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|
Designation : |
Wholetime Director |
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|
Address : |
6 B, Star Bridge Terrace No.12, Old No.47, College Road, Chennai –
600006, Tamilnadu, India |
||||||||||||||||||||||||
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Date of Birth/Age : |
12.03.1953 |
||||||||||||||||||||||||
|
Date of Appointment : |
20.01.2017 |
||||||||||||||||||||||||
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DIN No.: |
00792915 |
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Other Directorship:
|
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|
||||||||||||||||||||||||
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Name : |
Mr. Goh Mia Hock |
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Designation : |
Director |
||||||||||||||||||||||||
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Address : |
Blk 82, Hillview Avenue # 04-07, Singapore 669580 |
||||||||||||||||||||||||
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Date of Birth/Age : |
28.09.1962 |
||||||||||||||||||||||||
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Date of Appointment : |
05.11.2015 |
||||||||||||||||||||||||
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DIN No.: |
02164179 |
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|
|
||||||||||||||||||||||||
|
Name : |
Mr. Lim Pek Suat |
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|
Designation : |
Director |
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Address : |
12a, Cairnhill Rise #03-04 Singapore, Singapore 229746 |
||||||||||||||||||||||||
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Date of Birth/Age : |
19.11.1964 |
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Date of Appointment : |
05.11.2015 |
||||||||||||||||||||||||
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DIN No.: |
02992442 |
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Other Directorship:
|
|||||||||||||||||||||||||
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|
||||||||||||||||||||||||
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Name : |
Mr. Anuj Rathi |
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|
Designation : |
Director |
||||||||||||||||||||||||
|
Address : |
A-1402, Augusta, Lodha Aurum Grande Kanjurmarg East,
Mumbai – 400042, Maharashtra, India |
||||||||||||||||||||||||
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Date of Birth/Age : |
20.08.1975 |
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Date of Appointment : |
01.04.2014 |
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DIN No.: |
03578532 |
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Other Directorship:
|
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|
||||||||||||||||||||||||
|
Name : |
Mr. Chee Foong Wan |
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|
Designation : |
Director |
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|
Address : |
60, Trevose Crescent, #03-23, Singapore 298090 |
||||||||||||||||||||||||
|
Date of Appointment : |
05.11.2015 |
||||||||||||||||||||||||
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DIN No.: |
07007646 |
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Other Directorship:
|
|||||||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Pavitra Ajit Mehta |
|
Designation : |
Director |
|
Address : |
7-A, Shri- Niketan, 61-B, North Avenue Santacruz West,
Mumbai – 400054, Maharashtra, India |
|
Date of Appointment : |
09.05.2016 |
|
DIN No.: |
AQXPM8687Q |
MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Shareholders |
No. of Shares |
% holding |
|
PSA Bharat Investments Pte Limited, Singapore |
1072744084 |
51.00 |
|
Portplus Pte Limited, Singapore |
841367909 |
40.00 |
|
Equi-Lease Pte. Limited, Singapore |
189307779 |
9.00 |
|
Total |
2103419772 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
AS ON 21.08.2017
|
Category |
Percentage |
|
Promoters- Body corporate |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The Company is engaged in the business of container handling activities in addition to developing and maintaining the fourth container terminal 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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||||
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Imports : |
Not Divulged |
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||||
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Terms : |
Not Divulged |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Information denied by the management |
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Bankers : |
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Facilities : |
(INR
In Million)
|
|
Auditors : |
|
|
Name : |
BSR and Company LLP Chartered Accountants |
|
Address : |
5th Floor, Lodha Excelus, Apollo Mills Compound NM Joshi Marg, Mahalaxmi Mumbai – 400011, Maharashtra, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAAFB9852F |
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|
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Memberships : |
Not Available |
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|
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Collaborators : |
Not Available |
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|
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Holding company: |
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|
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Other related
party: |
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|
|
|
|
Enterprises which are owned, or have
significant influence of or are partners with Key management personnel and
their relatives: |
|
CAPITAL STRUCTURE
AFTER 21.08.2017
Authorised Capital : INR 40000.000 Million
Issued, Subscribed & Paid-up Capital : INR 28778.198 Million
AS ON 21.08.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4000000000 |
Equity Shares |
INR 10/- each |
INR 40000.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2103419772 |
Equity Shares |
INR 10/- each |
INR 21034.198 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
|
31.03.2017 |
31.03.2016 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
21034.200 |
7773.390 |
|
(b) Reserves &
Surplus |
|
(1540.690) |
(662.570) |
|
(c) Money received
against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application
money pending allotment |
|
0.000 |
0.000 |
|
Total Shareholders’ Funds
(1) + (2) |
|
19493.510 |
7110.820 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
19231.220 |
9942.100 |
|
(b) Deferred tax
liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long term
liabilities |
|
3366.560 |
3579.520 |
|
(d) long-term provisions |
|
1.580 |
1.230 |
|
Total Non-current
Liabilities (3) |
|
22599.360 |
13522.850 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
0.000 |
0.000 |
|
(b) Trade payables |
|
1.460 |
1.190 |
|
(c) Other current
liabilities |
|
4772.960 |
4132.210 |
|
(d) Short-term provisions |
|
0.070 |
0.050 |
|
Total Current Liabilities
(4) |
|
4774.490 |
4133.450 |
|
|
|
|
|
|
TOTAL |
|
46867.360 |
24767.120 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
9.500 |
0.810 |
|
(ii) Intangible Assets |
|
0.490 |
0.110 |
|
(iii) Capital
work-in-progress |
|
0.000 |
0.000 |
|
(iv) Intangible assets
under development |
|
37227.730 |
20582.620 |
|
(b) Non-current
Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets
(net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
0.000 |
0.000 |
|
(e) Other Non-current
assets |
|
3302.080 |
3233.090 |
|
Total Non-Current Assets |
|
40539.800 |
23816.630 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
0.000 |
0.000 |
|
(c) Trade receivables |
|
0.000 |
0.000 |
|
(d) Cash and cash
equivalents |
|
6036.610 |
705.470 |
|
(e) Short-term loans and
advances |
|
0.000 |
0.000 |
|
(f) Other current assets |
|
290.950 |
245.020 |
|
Total Current Assets |
|
6327.560 |
950.490 |
|
|
|
|
|
|
TOTAL |
|
46867.360 |
24767.120 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
|
SALES |
|
|
|
|
|
Income |
|
16645.110 |
15577.910 |
|
|
Other Income |
|
65.760 |
86.490 |
|
|
TOTAL |
|
16710.870 |
15664.400 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
|
16645.110 |
15577.910 |
|
|
Employees benefits
expense |
|
45.720 |
20.600 |
|
|
Other expenses |
|
34.490 |
35.470 |
|
|
TOTAL |
|
16725.320 |
15633.980 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION
|
|
(14.450) |
30.420 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
|
0.720 |
0.020 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
|
(15.170) |
30.400 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
|
(15.170) |
30.400 |
|
|
|
|
|
|
|
Less |
TAX |
|
10.560 |
45.000 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
|
(25.730) |
(14.600) |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
(0.02) |
(0.06) |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
|
31.03.2017 |
31.03.2016 |
|
Current Maturities of Long term debt |
|
NA |
NA |
|
|
|
|
|
|
Cash generated from operations |
|
NA |
NA |
|
|
|
|
|
|
Net cash flows from (used in) operations |
|
(424.800) |
(455.370) |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
|
(504.950) |
(593.520) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
Average
Collection Days (Sundry Debtors /
Income * 365 Days) |
|
0.00 |
0.00 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
|
0.00 |
0.00 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
|
0.03 |
0.03 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
|
0.00 |
0.00 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
|
0.00 |
0.00 |
LEVERAGE RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
Debt Ratio ((Borrowing + Current
Liabilities) / Total Assets) |
|
0.51 |
0.57 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
|
0.99 |
1.40 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
|
0.24 |
0.58 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
|
1.91 |
2.89 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
|
(20.07) |
1521.00 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
|
31.03.2017 |
31.03.2016 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
|
(0.15) |
(0.09) |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
|
(0.05) |
(0.06) |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
|
(0.13) |
(0.21) |
SOLVENCY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
Current Ratio (Current Assets /
Current Liabilities) |
|
1.33 |
0.23 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
|
1.33 |
0.23 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
|
0.42 |
0.29 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
|
0.91 |
1.28 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
|
1.33 |
0.23 |
Total
Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term
debts
FINANCIAL ANALYSIS
[all figures are
INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
|
Share Capital |
7773.390 |
21034.200 |
|
Reserves & Surplus |
(662.570) |
(1540.690) |
|
Share Application money pending allotment |
0.000 |
0.000 |
|
Net
worth |
7110.820 |
19493.510 |
|
|
|
|
|
Long Term borrowings |
9942.100 |
19231.220 |
|
Short Term borrowings |
0.000 |
0.000 |
|
Total
borrowings |
9942.100 |
19231.220 |
|
Debt/Equity
ratio |
1.398 |
0.987 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
|
Sales
|
15577.910 |
16645.110 |
|
|
|
6.851 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
|
Sales |
15577.910 |
16645.110 |
|
Profit
/ (Loss) |
(14.600) |
(25.730) |
|
|
(0.09%) |
(0.15%) |
LEGAL
CASE
|
Civil Judge, J.D.and J.M.F.C., Uran Case Details Case Type: S.C.C. Filing Number: 90/2016Filing Date: 28-01-2016 Registration Number: 57/2016Registration Date: 28-01-2016 CNR Number: MHRG14-000171-2016 Case Status First Hearing Date: 29th March 2016 Next Hearing Date: 25th January 2017 Date Not Updated Stage of Case: Awaiting Summons Court Number and Judge: 1-Civil Judge J.D. J.M.F.C. Uran Petitioner
and Advocate 1) Labour Officer through Sunil Gautam Address - Shram Raksha Bhavan Shiv Srushti road, Eastern Express Highway Sion Mumbai Advocate- A.P.P.
1) M. Bharat Mumbai Container Terminals Pvt ltd. through Suresh N. Amirapu Address - Windsor Building Unit
No. 604, Off CST Road, Vidhaynagri Marg, Kalina Santocruz East Mumbai
History of Case Hearing
|
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 |
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 |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last two years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last two 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 |
REVIEW OF
BUSINESS OPERATIONS AND FUTURE PROSPECTS
The Company has entered into a Concession Agreement ("CA") for development of fourth container terminal at Jawaharlal Nehru Port ("the Port") on Design, Build, Finance, Operate and Transfer ("DBFOT") basis with the Board of Trustees for Jawaharlal Nehru Port ("JNPT") for 30 years with effect from 22 December 2014. Currently, the Company is in construction phase and is expected to commence its commercial operations from end of 2017 or by early 2018.
BACKGROUND
Subject was incorporated on 1 April 2014. The Company has entered into a Concession Agreement ("CA") on 6 May 2014 for development of fourth container terminal at Jawaharlal Nehru Port ("the Port") on Design, Build, Finance, Operate and Transfer ("DBFOT") basis with the Board of Trustees for Jawaharlal Nehru Port ("JNPT"). On completion of condition precedents, the Company was granted Letter of Award by JNPT on 22 December 2014 to set-up and operate in accordance with the CA for a period of 30 years with effect from the date of Award i.e. 22 December 2014. Currently, the Company is in construction phase and is expected to commence its operations in the year 2018. The Company is a wholly owned subsidiary of PSA Bharat Investments Pte. Limited. ('the Holding Company').
INDEX OF CHARGE:
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
AMOUNT |
ADDRESS |
|
1 |
C33408006 |
10530939 |
IDBI
TRUSTEESHIP SERVICES LIMITED |
29/10/2014 |
50400000000.0 |
ASIAN
BLDG., GROUND FLOOR, 17, R.KAMANI MARG,BALLARD ESTATE,MUMBAIMH400001IN |
FIXED ASSETS:
Tangible
assets
- Vehicles
- Office equipment
- Computer equipments
- Leasehold improvements
Intangible
assets
- Computer software
PRESS RELEASES
BHARAT MUMBAI
CONTAINER TERMINALS PRIVATE LIMITED RECEIVES FIRST BATCH OF MEGA QUAY CRANES
Bharat Mumbai Container Terminals Private Limited (“BMCT”), a subsidiary of PSA International, received its first batch of three Super-Post Panamax Quay Cranes on 30th June 2017 in the lead-up to BMCT’s planned start of operations at the end of 2017.
BMCT’s first cranes are twin-lift capable with a capacity of 65 tonnes under the spreader and have an outreach of 63 metres, making them capable of handling mega container vessels which are 22 containers wide. The cranes were manufactured by Doosan Heavy Industries in Vietnam. A second batch of three quay cranes will be delivered in September 2017, with six more quay cranes being delivered during 2018 and 2019.
BMCT will also be receiving 18 rubber-tyred-gantry cranes (RTGs) during 2017 to provide efficient yard operations, whilst the four rail-mounted-gantry cranes (RMGs) arriving in September 2017 will be able to handle multiple 1.5km long double-stack Dedicated Freight Corridor (DFC) trains, a unique capability amongst container terminals in India.
BMCT’s CEO Mr Suresh Amirapu, said, “The arrival of our first batch of quay cranes, more than five months before BMCT’s planned commencement date, underscores our commitment to start operations on schedule. BMCT will be a game changer for India’s port and logistics market given its unprecedented size, scale and dedicated infrastructural links; and in particular its capabilities in handling trains from the Dedicated Freight Corridor.
“We are also progressing with our recruitment process. For the first 100 positions of trainee equipment operators and technicians, we have conducted an online test for 662 participants, all of whom were JNPT Project Affected Persons (JNPT PAP) applicants. We are proceeding to the next stage of the selection process which will involve the checking of credentials of the JNPT PAP by concerned authorities, prior to final interviews. We are very pleased that our first batch of operational employees will come from the immediate port vicinity. BMCT will continue to give priority to suitably qualified JNPT PAP.”
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
INR |
|
US Dollar |
1 |
INR 66.78 |
|
|
1 |
INR 92.89 |
|
Euro |
1 |
INR 80.74 |
INFORMATION DETAILS
|
Information
Gathered by : |
RBY |
|
|
|
|
Analysis Done by
: |
VAR |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE FACTORS
|
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 |
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.