|
|
|
MIRA INFORM REPORT
|
Report No. : |
490174 |
|
Report Date : |
07.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
JAWAHARLAL NEHRU PORT TRUST |
|
|
|
|
Formerly Known
As : |
NHAVA SHEVA PORY |
|
|
|
|
Registered
Office : |
Nhava Sheva, Taluka Uran, Navi Mumbai – 400 707, Maharashtra |
|
Tel. No.: |
91-22-27244088 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2016 |
|
|
|
|
Date of
Incorporation : |
26.05.1989 |
|
|
|
|
Capital : |
INR 36083.169 Million |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
PNEJ05125B |
|
|
|
|
GSTIN : |
Not Divulged |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAALJ0036D |
|
|
|
|
Legal Form : |
Government Owned Enterprise |
|
|
|
|
Line of Business
: |
Handling Containerized Cargo at its Own Container
Terminal, and Providing Requisite Infrastructure Facilities to other Terminal
Operators
(Indirect Sources) |
|
|
|
|
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++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
Status : |
Excellent |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Exist |
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|
|
|
Comments : |
Jawaharlal Nehru Port Trust (JNPT) was formed under the Major Port Trusts Act, 1963. It commenced operations in 1989. Its operations include handling containerized cargo at its own container terminal, and providing requisite infrastructure facilities to other terminal operators. It is the biggest container handling Port in India, handling around 55% of total container handled by all major ports in India. For the financial year 2016, the subject has decent operational activity marked by fair operational revenue. The overall financial risk profile of the subject seems to be satisfactory marked by sufficient reserve. Rating takes into consideration strong business risk profile, established market position in the container traffic segment and strong linkages with the Government of India (Gol). Rating strength is partially offset by the intense competition that JNPT faces from private ports, particularly those on India’s western coast. Payments seems to be regular. In view of aforesaid, the subject 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 (30.06.2017) |
Current Rating (30.09.2017) |
|
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 |
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 07.02.2018.
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 [Tel. No.: 91-22-66165600]
LOCATIONS
|
Registered Office : |
Nhava Sheva, Taluka Uran, Navi Mumbai – 400707, Maharashtra, India |
|
Tel. No.: |
91-22-27244088/ 66165600 |
|
Fax No.: |
91-22-27244020 |
|
E-Mail : |
|
|
Website : |
BOARD OF TRUSTEES
|
Name : |
Mr. Anil Diggikar, IAS |
|
Designation : |
Chairman |
|
|
|
|
Name : |
Mr. Neeraj Bansal, IRS |
|
Designation : |
Dy. Chairman |
|
|
|
|
Name : |
Barun Mitra |
|
Designation : |
Joint secretary |
|
|
|
|
Name : |
Dr. Malini V Shankar |
|
Designation : |
Director General of Shipping |
|
|
|
|
Name : |
Dr. John Josheph |
|
Designation : |
Chief Commissioner of Customs |
|
|
|
|
Name : |
Bhushan A Gagrani |
|
Designation : |
Vice chairman and managing director (CIDCO) |
|
|
|
|
Name : |
Cmde(IN) A K Agrawal |
|
Designation : |
Naval Officer in-charge (MAH) |
|
|
|
|
Name : |
DIG KBL Bhatnagar |
|
Designation : |
Chief of staff |
|
|
|
|
Name : |
Shashi Shekhar |
|
Designation : |
Special Secretary |
|
|
|
|
Name : |
Sham Sundar Gupta |
|
|
|
|
Name : |
Mahesh Ratanlal Bhandi |
|
|
|
|
Name : |
Vivek Deshpande |
|
|
|
|
Name : |
Prof.Rajesh Badgi |
|
|
|
|
Name : |
Pramode Shantaram Jathar |
MANAGEMENT TEAM
|
Name : |
Mr. Anil Diggikar |
|
Designation : |
Chairman |
|
|
|
|
Name : |
Mr. Neeraj Bansal, |
|
Designation : |
Dy. Chairman |
|
|
|
|
Name : |
Mr. Shishir Srivastava, |
|
Designation : |
Chief Vigilance Officer |
|
|
|
|
Name : |
Capt. Amit Kapoor |
|
Designation : |
Deputy Conservator |
|
|
|
|
Name : |
Mr. S.V. Madabhavi |
|
Designation : |
Chief Manager (Port Planning & Development) |
|
|
|
|
Name : |
Dr. C Unnikrishnan Nair |
|
Designation : |
Chief Manager (Traffic) |
|
|
|
|
Name : |
Mr. Sanjay Gangan, |
|
Designation : |
Chief Manager (Finance) |
BUSINESS DETAILS
|
Line of Business : |
Handling Containerized Cargo at its Own Container
Terminal, and Providing Requisite Infrastructure Facilities to other Terminal
Operators
(Indirect Sources) |
|
|
|
|
Brand Names : |
Not Divulged |
|
|
|
|
Agencies Held : |
Not Divulged |
|
|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
Not Divulged |
|
|
|
|
Terms : |
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 : |
|
|
Auditors : |
Not Available |
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|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
As on 31.03.2016
|
Particulars |
INR
In Million |
|
Capital Reserve |
36083.169 |
|
|
|
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
RESERVES AND SURPLUS |
|
|
|
|
|
|
|
|
|
CAPITAL RESERVES |
36083.169 |
36083.169 |
33012.568 |
|
|
|
|
|
|
REVENUE RESERVES |
7055.232 |
2251.513 |
1506.867 |
|
|
|
|
|
|
STATUTORY RESERVES |
17109.309 |
14726.148 |
3838.245 |
|
|
|
|
|
|
INFRASTRUCTURE RESERVE |
10129.588 |
10129.588 |
19271.801 |
|
|
|
|
|
|
|
70377.298 |
63190.418 |
57629.482 |
|
|
|
|
|
|
LOAN FUND |
|
|
|
|
|
|
|
|
|
SECURED LOANS |
413.196 |
413.196 |
413.196 |
|
|
|
|
|
|
GOVERNMENT LOANS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
DEFERRED TAX LIABILITIES |
1833.525 |
1443.822 |
1024.838 |
|
|
|
|
|
|
TOTAL |
72624.019 |
65047.436 |
59067.516 |
|
|
|
|
|
|
APPLICATION OF
FUNDS |
|
|
|
|
|
|
|
|
|
FIXED ASSETS |
|
|
|
|
|
|
|
|
|
GROSS BLOCK |
31296.210 |
30053.345 |
17728.151 |
|
|
|
|
|
|
Less: DEPRECIATION |
7369.661 |
6693.366 |
6298.768 |
|
|
|
|
|
|
NET BLOCK |
23926.549 |
23359.979 |
11429.383 |
|
|
|
|
|
|
CAPITAL WORK IN PROGRESS |
2404.801 |
1076.771 |
11945.653 |
|
|
|
|
|
|
|
26331.350 |
24436.750 |
23375.036 |
|
|
|
|
|
|
SHED HANDED OVER TO BOT OPERATOR |
336.261 |
354.437 |
372.613 |
|
|
|
|
|
|
INVESTMENT |
|
|
|
|
|
|
|
|
|
CURRENT INVESTMENT |
-- |
-- |
-- |
|
|
|
|
|
|
LONG TERM INVESTMENT |
733.000 |
580.000 |
550.000 |
|
|
|
|
|
|
|
733.000 |
580.000 |
550.000 |
|
|
|
|
|
|
CURRENT ASSETS,
LOANS & ADVANCES: |
|
|
|
|
|
|
|
|
|
INTEREST ACCURED ON INVESTMENTS |
1994.682 |
1935.076 |
1766.188 |
|
|
|
|
|
|
INVENTORIES |
160.740 |
169.808 |
158.004 |
|
|
|
|
|
|
NET SUNDRY DEBTORS |
6502.821 |
6061.128 |
5430.096 |
|
|
|
|
|
|
CASH & BANK BALANCES |
34149.924 |
31212.203 |
26834.501 |
|
|
|
|
|
|
LOANS & ADVANCES |
28.444 |
23222.959 |
20456.699 |
|
|
|
|
|
|
|
71252.726 |
62601.173 |
54645.488 |
|
|
|
|
|
|
LESS: CURRENT
LIABILITIES AND PROVISIONS |
|
|
|
|
|
|
|
|
|
CURRENT LIABILITIES |
|
|
|
|
|
|
|
|
|
SUNDRY CREDITORS |
1844.783 |
3156.655 |
2968.852 |
|
|
|
|
|
|
AMOUNTS DUE TO OTHER PORTS FOR SERVICES |
34.027 |
3.395 |
4.696 |
|
|
|
|
|
|
ADVANCE PAYMENT ETC. |
1423.352 |
1131.509 |
908.911 |
|
|
|
|
|
|
ACCRUED EXPENSES |
1485.917 |
731.696 |
535.803 |
|
|
|
|
|
|
INTEREST ACCURED BUT NOT DUE ON LOANS |
0.473 |
0.475 |
0.475 |
|
|
|
|
|
|
|
4788.552 |
5023.730 |
4418.739 |
|
|
|
|
|
|
PROVISIONS: |
|
|
|
|
|
|
|
|
|
FOR TAXATION |
21240.766 |
17901.194 |
15456.882 |
|
|
|
|
|
|
TOTAL PROVISIONS
FOR TAXATION |
21240.766 |
17901.194 |
15456.882 |
|
|
|
|
|
|
TOTAL CURRENT
LIABILITIES AND PROVISIONS |
26029.318 |
22924.924 |
19875.621 |
|
|
|
|
|
|
NET CURRENT
ASSETSS |
45223.408 |
39676.249 |
34769.867 |
|
|
|
|
|
|
TOTAL
APPLICATION FUNDS |
72624.019 |
65047.436 |
59067.516 |
PROFIT
& LOSS ACCOUNT
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
|
|
|
|
Income |
|
|
|
|
|
|
|
|
|
Bulk Handling and Storage Charges |
86.153 |
63.195 |
54.074 |
|
|
|
|
|
|
Container Handling and Storage Charges |
4885.707 |
4199.056 |
3319.797 |
|
|
|
|
|
|
Port and Dock Charges |
3394.336 |
2622.280 |
2075.925 |
|
|
|
|
|
|
Estate Rentals |
1025.064 |
965.876 |
928.848 |
|
|
|
|
|
|
Income from Bot Contracts |
7259.730 |
7230.372 |
7074.277 |
|
|
|
|
|
|
Operating Income |
16650.990 |
15080.779 |
13452.923 |
|
|
|
|
|
|
Expenditure |
|
|
|
|
|
|
|
|
|
Bulk Handling and Storage Charges |
38.098 |
78.844 |
83.170 |
|
|
|
|
|
|
Container Handling and Storage Charges |
2678.686 |
2770.967 |
2596.426 |
|
|
|
|
|
|
Port and Dock Charges |
1626.038 |
1100.699 |
886.916 |
|
|
|
|
|
|
Railway Workings |
12.142 |
12.142 |
12.142 |
|
|
|
|
|
|
Rentable Land and Building |
291.704 |
527.351 |
433.987 |
|
|
|
|
|
|
Expenditure on Bot Contracts |
679.742 |
743.324 |
622.424 |
|
|
|
|
|
|
Management and General Administration |
1604.744 |
1481.803 |
1475.201 |
|
|
|
|
|
|
Operating
Expenditure |
6931.154 |
6715.130 |
6110.264 |
|
|
|
|
|
|
Operating
Surplus |
9719.836 |
8365.649 |
7342.659 |
|
|
|
|
|
|
Add: Finance and Miscellaneous Income |
3195.986 |
3013.274 |
3524.300 |
|
|
|
|
|
|
Less: Finance and Miscellaneous Expenditure |
1321.123 |
2938.685 |
3112.432 |
|
|
|
|
|
|
Less: Net Prior Period Charges |
(49.955) |
16.007 |
83.922 |
|
|
|
|
|
|
Profit Before
Tax and Extra-ordinary Item |
11644.655 |
8424.231 |
7670.605 |
|
|
|
|
|
|
Extra-ordinary Item |
728.500 |
0.000 |
0.000 |
|
|
|
|
|
|
Profit Before
Tax |
10916.155 |
8424.231 |
7670.605 |
|
|
|
|
|
|
Less: Provision for Taxation |
|
|
|
|
|
|
|
|
|
Current Tax |
3339.573 |
2444.311 |
2554.188 |
|
|
|
|
|
|
Deferred Tax |
389.702 |
418.984 |
53.050 |
|
|
|
|
|
|
Net Profit |
7186.881 |
5560.935 |
5063.366 |
|
|
|
|
|
|
Add: Amount Withdrawn from Welfare Fund |
2.200 |
3.051 |
1.519 |
|
|
|
|
|
|
Add: Amount Withdrawn from Infrastructure Reserve |
0.000 |
0.000 |
150.000 |
|
|
|
|
|
|
Total Amount Available for Appropriations |
7189.081 |
5563.986 |
5214.885 |
|
|
|
|
|
LEGAL
CASES
|
Case Details |
|||||||
|
Bench:- Bombay |
|||||||
|
Presentation Date: 25.08.2015 |
|||||||
|
Lodging No. : |
NMWL/525/2015 |
Failing Date:- |
25/08/2015 |
Reg. No.:- |
NMW/384/2015 |
Reg. Date:- |
29/09/2015 |
|
MAIN MATTER Lodging No.:- WPL/1407/2012 Reg. No.: WP/2954/2012 |
|||||||
|
Petitioner: Nhava Sheva International Container Respondent: The Jawaharlal Nehru Port Trust Reg. No.:- V. SUBRAMANIAN (100) District : Mumbai |
|||||||
|
Bench :- DIVISION Status :- Pre-Admission Category: NOTICE OF MOTION (DIRECTION) Last Date: 08/01/2018 Last Coram: HON’BLE SHRI JUSTICE R.M. BORDE HON’BLE SHRI JUSTICE RAJESH G. KETKAR |
|||||||
|
Act: Major Port Trusts Act |
|||||||
|
Case Details |
|||||||
|
Bench:- Bombay |
|||||||
|
Presentation Date: 10/03/2017 |
|||||||
|
Lodging No. : |
NMSL/611/2017 |
Failing Date:- |
10/03/2017 |
Reg. No.:- |
NMS/830/2017 |
Reg. Date:- |
29/04/2017 |
|
MAIN MATTER Lodging No.:- SL/959/2015 Reg. No.: S/1117/2015 |
|||||||
|
Petitioner: NOL LINER (PTE) LIMITED AND ANR- Respondent: The Board of Trustees Jawaharlal Nehru Port Trust Resp. Adv.:- THE LAW POINT (I3409) District : Outside Maharashtra |
|||||||
|
Bench :- SINGLE Status :- Pre-Admission Category: NOTICE OF MOTION Last Date: 07/06/2017 Last Coram: PROVISIONAL BOARD |
|||||||
|
Act: Code of Civil Procedure 1908 |
|||||||
|
Case Details |
|||||||
|
Bench:- Bombay |
|||||||
|
Presentation Date:- 02/03/2015 |
|||||||
|
Lodging No. : |
ARBPL/404/2015 |
Failing Date:- |
02/03/2015 |
Reg. No.:- |
CARBP/1/2015 |
Reg. Date:- |
28/04/2015 |
|
The matter is converted from ARBP/698/2015 to CARBP/2015. |
|||||||
|
Petitioner: SEATRANS SHIPPING LIMITED Respondent: The Jawaharlal Nehru Port Trust Petn. Adv.:- ASHWIN SHANKER (I1966) Reg. No.:- 0 (0)
District : Mumbai |
|||||||
|
Bench :- SINGLE Status :- Admitted (Ready) Category: ARBITRATION PETITION U/S 34 OF ARBITRATION AND CONCILIATION ACT, 1996 Last Date: 22/01/2018 Stage: FOR HEARING AND FINAL DISPOSAL Last Coram: PROVISIONAL BOARD |
|||||||
|
Act: Arbitration
and Conciliation Act 1996
Under Section:- 34 |
|||||||
|
Case Details |
|||||||
|
Bench:- Bombay |
|||||||
|
Presentation Date: 25.08.2015 |
|||||||
|
Lodging No. : |
NMWL/524/2015 |
Failing Date:- |
25/08/2015 |
Reg. No.:- |
NMW/392/2015 |
Reg. Date:- |
03/10/2015 |
|
MAIN MATTER Lodging No.:- WPL/1410/2012 Reg. No.: WP/4/2013 |
|||||||
|
Petitioner: GATEWAY TERMINALS PRIVATE LIMITED Respondent: The Jawaharlal Nehru Port Trust Reg. No.:- V. SUBRAMANIAN (100) District : Mumbai |
|||||||
|
Bench :- DIVISION Status :- Pre-Admission Category: NOTICE OF MOTION (DIRECTION) Last Date: 08/01/2018 Last Coram: HON’BLE SHRI JUSTICE R.M. BORDE HON’BLE SHRI JUSTICE RAJESH G. KETKAR |
|||||||
|
Act: Major Port Trusts Act |
|||||||
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 |
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 |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
No |
|
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 |
No |
|
31 |
Litigations that the firm/promoter
involved in |
Yes |
|
32 |
Market information |
-- |
|
33 |
Payments terms |
No |
|
34 |
Negative Reporting by Auditors in the
Annual Report |
No |
THE BIRTH OF JNPT
The Jawaharlal Nehru Port Trust (JNPT) at Navi Mumbai (formerly known as the Nhava Sheva Port) located within the Mumbai harbour on the west coast of India, was commissioned on 26th May 1989. It occupies a place of prominence among the major Indian ports. It is the second youngest and one of the most modern major ports of the country. Though it was initially planned to be a “satellite port” to the Mumbai Port with the purpose of decongesting traffic at the latter, eventually it was developed as an independent port on its own right and it became the country’s largest container port.
Being one of the oldest ports in India, the Mumbai port was proving to be structurally inadequate to meet the requirements of modern cargo handling. Shallowness of the channel, congestion of roads and railways through the Mumbai city linking the port to its hinterland, as well as labour problems, including over-manning, were among the major problems ailing the Mumbai Port in the pre-reform days. As a result, the Port wassimply incapable of handling the expanding volume of modern cargo directed to the west coast and there was an urgent need for a new port in the Mumbai region, which eventually led to the birth of JNPT in 1989.
The construction project of the port is considered to be one of the technical marvels in the country, which was completed in a record time of just three-and-half years on the marshy soil and, in order to upkeep the beauty of nearby historical Elephanta Caves and surroundings, the management made use of contemporary sophisticated instruments while doing away with rock blasting. The land area in possession of the JNPT measures to 2,987 hectares with enough back-up area ideally suited for developing additional facilitiesfor future maritime requirements of the country.
It was built with an investment of Rs.1,109 crores, out of which Rs.956.97 crores were obtained as loans from various funding agencies, with the World Bank being one of the major contributors. Today JN Port isfully mechanised port which useslatest technology in handling of cargo at the terminals and presently handles about 40% of India’s container cargo.
Equipped with one of the most modern cargo handling facilities, JNPT has been a pioneer in running its day-to-day operations with the help of information technology (IT), including Electronic Data Interchange (EDI) and Vessel Traffic Management System (VTMS). [Technically it is called as Vessel Traffic Services system or VTS. Refer Signalis]
JNPT enjoys very good road and rail linkages with its hinterland as well as important business centres like Thane, Nashik and Ahmedabad, which facilitate excellent port-industry interface. It is also characterized by highly automated and round-the-clock operations and has demonstrated enough potential and capacity to develop India’s first major hub port.
Ever since its inception, JNPT has chartered India’s international trade to a glorious course of success and achievements, breaking all records and creating new benchmarks. It handled 64.03 million tonnes of total cargo during the financial year 2015-16. The operating income for FY 2015-16 amounts to Rs.1,508 crores compared to Rs.1,345 crores during FY 2013-14. The port handled about 4.49 million TEUs in the FY 2015-16.
Today JN Port has already established itself as the major
catalyst for the trade & commerce in the country with a strong commitment
to provide seamless service to the customers & as the India’s prime
facilitator of international trade & logistics.
THEIR LOGO
The image mainly projected through the new designed symbol is:
- Modern Container handling port
- Facilitating international trade
- Highly efficient and productive
The above selected Logo/Symbol for JNPT has, at a glance, very clear message that the activity of this famous port is closely connected with the International Trade through Shipping or Cargo. Rotating arrows in upper portion suggests mobilization in Import & Export trade. Solid circle with white strokes as latitude on it, at the sea horizon, signifies shape of the World or Globe, as activity of this renowned Indian port is also Internationally recognized. Helm within the circle suggests the port for trading with modern container handling with high efficiency and productivity. Shape of water waves at the bottom, which indicate the concern activity, add interest to overall identity.
Composition of all graphic elements creates very interesting logo design while selected colors are in relation with activity of the organization. Name in Hindi and in English are quite appropriate in size and design with proper placement.
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 records 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 64.27 |
|
UK Pound |
1 |
INR 89.72 |
|
Euro |
1 |
INR 79.52 |
INFORMATION DETAILS
|
Information
Gathered by : |
KMN |
|
|
|
|
Analysis Done by
: |
PRI |
|
|
|
|
Report Prepared
by : |
JYO |
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 |
NO |
|
--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.