|
|
|
MIRA INFORM REPORT
|
Report No. : |
492648 |
|
Report Date : |
17.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
NHAVA SHEVA INTERNATIONAL CONTAINER TERMINAL PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Darabshaw House, Level 1, Narottam Morarji Road, Ballard Estate,
Mumbai – 400038, Maharashtra |
|
Tel. No.: |
91-22-22610566 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2016 |
|
|
|
|
Date of
Incorporation : |
21.03.1997 |
|
|
|
|
Com. Reg. No.: |
11-106790 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 1553.442 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U45203MH1997PTC106790 |
|
|
|
|
IEC No.: |
Not Divulged |
|
|
|
|
GSTIN: |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMN05939D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCN0185H |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is engaged in the business of developing, operating, marketing
and managing container handling and unit loading/ unloading facilities 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 : |
Good |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in the year 1997. It is a subsidiary of South
Asia Ports Limited, Mauritius. The company is engaged in the business of developing, operating, marketing and managing container handling facilities at Jawaharlal Nehru Port. As per the Registrar of Companies date of balance sheet (i.e.
financial filed) is shown as 31.03.2017 but documents related to the
financial for the year 31.03.2017 are not available from any sources. As per the financial records of 2016, the company has achieved an
average profitability margin of 3.33% but has reported a decline in its
revenue as compared to the previous year. The company has strong capital along with debt free balance sheet
profile. However rating is constrained on account of low reserve base of the
company. 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
|
Rating Agency Name |
ICRA |
|
Rating |
Non Fund Based Facilities (A1+) (Withdrawal) |
|
Rating Explanation |
Very strong degree of safety and carry lowest credit risk. |
|
Date |
10.10.2016 |
Reason for withdrawal: on request of the company
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 17.02.2018
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 BY
|
Name : |
Mr. Hitesh |
|
Designation : |
Accounts Department |
|
Contact No.: |
91-22-61733100 |
|
Date : |
16.02.2018 |
Management non-cooperative (Tel No.: 91-22-22610566/ 22610590)
91-22-22610570 (Ringing)
LOCATIONS
|
Registered Office : |
Darabshaw House, Level 1, Narottam Morarji Road, Ballard Estate,
Mumbai – 400038, Maharashtra, India |
|
Tel. No.: |
91-22-22610570/ 22610566 / 22610590 |
|
Fax No.: |
91-22-22621405 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Branch Office : |
Operations Center, Shev, Navi Mumbai – 400707, Maharashtra, India |
|
Tel. No.: |
91-22-27243500 |
|
Fax No.: |
91-22-27243527 |
DIRECTORS
As on: 31.03.2017
|
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. Kevin James D Souza |
|
Designation : |
Director |
|
Address : |
1/3, Chokshi Mansion, Dr. B. Ambedkar Road, Parel, Mumbai – 400012,
Maharashtra, India |
|
Date of Birth/Age : |
21.08.1960 |
|
Date of Appointment : |
30.04.2008 |
|
DIN No.: |
00175176 |
|
|
|
|
Name : |
Mr. Devang Bhupendra Mankodi |
|
Designation : |
Director |
|
Address : |
7, Darpan Bhagat Singh Road, Juhu Vileparle, Juhu Vileparle (West),
Mumbai – 400056, Maharashtra, India |
|
Date of Birth/Age : |
08.09.1968 |
|
Date of Appointment : |
30.04.2008 |
|
Qualification: |
B.Com, FCA, AICWA |
|
DIN No.: |
00139006 |
|
PAN No.: |
AACPM7403M |
|
Voter ID No.: |
MT/08/038/0405730 |
|
|
|
|
Name : |
Rizwan Sultanali Soomar |
|
Designation : |
Additional Director |
|
Address : |
A/503, Bianca A-Wing, Panch Marg, Opposite Raj Mahal, Yari Road, Andheri West, Mumbai- 400061, Maharashtra, India |
|
Date of Appointment : |
23.11.2017 |
|
DIN No.: |
02398970 |
|
|
|
|
Name : |
Tuk Tuk Kumar |
|
Designation : |
Director |
|
Address : |
D-69, IInd Floor, Saket, New Delhi- 110017, India |
|
Date of Appointment : |
24.05.2017 |
|
DIN No.: |
06547361 |
|
|
|
|
Name : |
Mariam Al Rasasi |
|
Designation : |
Director |
|
Address : |
Villa (Dm.10), 367-7 St Um Sqaim Dm.10,
Premise Number: 367002566, Dubai, 912000,
United Arab Emirates |
|
Date of Appointment : |
29.07.2015 |
|
DIN No.: |
07247820 |
|
|
|
|
Name : |
Mr. Ravinder Singh Johal |
|
Designation : |
Wholetime Director |
|
Address : |
B-402, Twins Tower, C.H.S, Plot No 57, Sector-20, Behind Jalvayu Vihar, Kharghar, Mumbai-410210, Maharashtra, India |
|
Date of Appointment : |
16.12.2016 |
|
DIN No.: |
07674145 |
|
|
|
|
Name : |
Mr. Mohammad Ali Mohammad Ahmad |
|
Designation : |
Director |
|
Address : |
Villa 375, Al Barsha Third, Dubai, United Arab Emirates |
|
Date of Appointment : |
29.03.2017 |
|
DIN No.: |
07779457 |
KEY EXECUTIVES
|
Name : |
Mrs. Aparna Nakul Chablani |
|
Designation : |
Company Secretary |
|
Address : |
Plot No.10, 18-A, Khar – Danda, Khar (West), Mumbai – 400052,
Maharashtra, India |
|
Date of Birth/Age : |
31.03.1968 |
|
Date of Appointment : |
14.10.1999 |
|
PAN No.: |
AADPJ2412J |
|
|
|
|
Name : |
Uma Lodha and Company |
|
Designation : |
Company Secretary |
|
Address : |
Suite No. 507, 5th Floor, Highway Commercial Centre, I.B Patel Road, Goregaon East, Mumbai – 400063, Maharashtra, India |
|
Tel. No: |
91-22-40131001/02 |
|
Mob. No: |
91-9821247172 |
|
Email: |
|
|
|
|
|
Name : |
Mr. Hitesh |
|
Designation : |
Accounts Department |
MAJOR SHAREHOLDERS
As on 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
South Asia Ports Limited, Mauritius |
|
155344165 |
|
Anil Singh |
|
8 |
|
Total |
|
155344173 |
Equity Share Break up (Percentage of Total Equity)
As on: 30.09.2017
|
Category |
Percentage |
|
Promoters (Other - Foreign Company) |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the business of developing, operating, marketing
and managing container handling and unit loading/ unloading facilities at
Jawaharlal Nehru Port. (Registered Activity) |
||||
|
|
|
||||
|
Products / Services
: |
|
||||
|
|
|
||||
|
Brand Names : |
Not Available |
||||
|
|
|
||||
|
Agencies Held : |
Not Available |
||||
|
|
|
||||
|
Exports : |
Not Divulged |
||||
|
|
|
||||
|
Imports : |
Not Divulged |
||||
|
|
|
||||
|
Terms : |
Not Divulged |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
No. of Employees : |
Information declined by the management |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
|
|
Financial Institution : |
· Infrastructure Development Finance Company Limited, KRM Tower, 8th Floor, No. 1, Harrington Road, Chetpet, Chennai - 600031, Tamilnadu, India ·
Infrastructure Development Finance Company
Limited, ITC
Centre, 3rd Floor, 760, Anna Salai, Chennai – 600002, Tamilnadu, India |
|
|
|
|
Auditors : |
|
|
Name : |
BSR and Company LLP Chartered Accountants |
|
Address : |
5th Floor, Lodha Excellus, Apollo Mills Compund, N.M. Joshi Marg, Mahalaxmi, Mumbai-400011, Maharashtra, India |
|
PAN No.: |
AAAFB9852F |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Holding Company: |
|
|
|
|
|
Ultimate Holding
Company: |
|
|
|
|
|
Fellow Subsidiary
Company: |
|
CAPITAL STRUCTURE
As on: 30.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
300000000 |
Equity Shares |
INR 10/- each |
INR 3000.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
155344173 |
Equity Shares |
INR 10/- each |
INR 1553.442 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
1553.442 |
1553.442 |
1553.442 |
|
(b) Reserves and Surplus |
1335.131 |
1177.470 |
1870.000 |
|
(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) |
2888.573 |
2730.912 |
3423.442 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
196.970 |
230.646 |
259.978 |
|
(c) Other long-term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
10.633 |
8.186 |
12.163 |
|
Total Non-current
Liabilities (3) |
207.603 |
238.832 |
272.141 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
0.000 |
0.628 |
0.000 |
|
(b) Trade
payables |
533.566 |
893.529 |
883.131 |
|
(c) Other
current liabilities |
545.149 |
460.804 |
410.726 |
|
(d) Short-term
provisions |
23.773 |
20.547 |
11.772 |
|
Total Current
Liabilities (4) |
1102.488 |
1375.508 |
1305.629 |
|
|
|
|
|
|
TOTAL |
4198.664 |
4345.252 |
5001.212 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
1773.732 |
1877.835 |
2190.719 |
|
(ii) Intangible
Assets |
30.226 |
30.312 |
32.389 |
|
(iii) Tangible assets
capital work-in-progress |
0.088 |
0.352 |
0.257 |
|
(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 loans and advances |
513.364 |
491.777 |
542.025 |
|
(e) Other
Non-current assets |
0.000 |
0.014 |
56.251 |
|
Total Non-Current
Assets |
2317.410 |
2400.290 |
2821.641 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
56.801 |
56.851 |
64.143 |
|
(c) Trade
receivables |
94.096 |
118.644 |
204.440 |
|
(d) Cash and
bank balances |
1436.125 |
1594.003 |
1693.121 |
|
(e) Short-term
loans and advances |
143.486 |
68.718 |
105.666 |
|
(f) Other
current assets |
150.746 |
106.746 |
112.201 |
|
Total
Current Assets |
1881.254 |
1944.962 |
2179.571 |
|
|
|
|
|
|
TOTAL |
4198.664 |
4345.252 |
5001.212 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
4741.455 |
5210.015 |
4099.880 |
|
|
Other Income |
157.679 |
175.088 |
166.121 |
|
|
TOTAL |
4899.134 |
5385.103 |
4266.001 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Employee benefit expense |
491.644 |
422.554 |
354.940 |
|
|
Other expenses |
3959.332 |
4123.196 |
3316.959 |
|
|
TOTAL |
4450.976 |
4545.750 |
3671.899 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
448.158 |
839.353 |
594.102 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
6.089 |
5.468 |
27.688 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
442.069 |
833.885 |
566.414 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
209.588 |
326.308 |
569.304 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
232.481 |
507.577 |
(2.890) |
|
|
|
|
|
|
|
Less |
TAX |
74.819 |
195.847 |
2.342 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
157.662 |
311.730 |
(5.232) |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
0.000 |
175.088 |
166.121 |
|
|
TOTAL EARNINGS |
0.000 |
175.088 |
166.121 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
1.01 |
2.01 |
(0.03) |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
|
|
|
|
|
Net cash flows from (used in) operations |
(25.267) |
884.899 |
495.240 |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
(175.664) |
766.168 |
365.792 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days [Sundry Debtors / Income * 365] |
|
7.24 |
8.31 |
18.20 |
|
|
|
|
|
|
|
Account Receivables Turnover [Income / Sunday Debtors] |
|
50.39 |
43.91 |
20.05 |
|
|
|
|
|
|
|
Average Payment Days [Sundry Creditors / Purchases * 365] |
|
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Inventory Turnover [Operating Income / Inventories] |
|
7.89 |
14.76 |
9.26 |
|
|
|
|
|
|
|
Asset Turnover [Operating Income / Net Fixed Assets] |
|
0.25 |
0.44 |
0.27 |
LEVERAGE RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio [(Borrowing + Current Liabilities) / Total Assets] |
|
0.26 |
0.32 |
0.26 |
|
|
|
|
|
|
|
Debt Equity Ratio (Borrowings / NetWorth) |
|
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / NetWorth) |
|
0.38 |
0.50 |
0.38 |
|
|
|
|
|
|
|
Fixed Assets to NetWorth (Net Fixed Assets / NetWorth) |
|
0.62 |
0.70 |
0.65 |
|
|
|
|
|
|
|
Interest Coverage Ratio [PBIT / Financial Charges] |
|
73.60 |
153.50 |
21.46 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Net Profit Margin [(PAT / Sales) * 100] |
(%) |
3.33 |
5.98 |
(0.13) |
|
|
|
|
|
|
|
Return on Total Assets [(PAT / Total Assets) * 100] |
(%) |
3.76 |
7.17 |
(0.10) |
|
|
|
|
|
|
|
Return on Investment (ROI) [(PAT / NetWorth) * 100] |
(%) |
5.46 |
11.41 |
(0.15) |
SOLVENCY RATIO
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio [Current Assets / Current Liabilities] |
|
1.71 |
1.41 |
1.67 |
|
|
|
|
|
|
|
Quick Ratio [(Current Assets - Inventories) / Current
Liabilities] |
|
1.65 |
1.37 |
1.62 |
|
|
|
|
|
|
|
G-Score Ratio Financial [NetWorth / Total Assets] |
|
0.69 |
0.63 |
0.68 |
|
|
|
|
|
|
|
G-Score Ratio Debt [Debts / Equity Capital] |
|
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
G-Score Ratio Liquidity [Total Current Assets / Total Current
Liabilities] |
|
1.71 |
1.41 |
1.67 |
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 |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Share Capital |
1553.442 |
1553.442 |
1553.442 |
|
Reserves & Surplus |
1870.000 |
1177.470 |
1335.131 |
|
Net
worth |
3423.442 |
2730.912 |
2888.573 |
|
|
|
|
|
|
Long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
0.000 |
0.628 |
0.000 |
|
Total
borrowings |
0.000 |
0.628 |
0.000 |
|
Debt/Equity
ratio |
0.000 |
0.000 |
0.000 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Sales |
4099.880 |
5210.015 |
4741.455 |
|
|
|
27.077 |
(8.993) |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Sales |
4099.880 |
5210.015 |
4741.455 |
|
Profit/ (Loss) |
(5.232) |
311.730 |
157.662 |
|
|
(0.13
%) |
5.98
% |
3.33
% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
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 |
No |
|
26 |
Turnover of firm for last two/ three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
Yes |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
Yes |
|
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 |
FINANCIAL RESULTS
Company has recorded revenue from operations of INR 4741.455 million and a profit after tax of INR 157.662 million for 12 months period ended 31st March, 2016 as against revenue of INR 5210.015 million and loss after tax of INR 311.730 million for the previous period ended 31st, March 2015. The Balance in the Profit and Loss account of INR 157.662 million is being carried forward to the next year. Company has implemented various measures to meet the ever challenging business environment.
OPERATIONS:
During the year, volume has reduced as compared with last financial year due to increasing competition from the neighboring terminals and economic slowdown. The Company expects that the EXIM Trade will improve which will boost the business prospects. Company is gearing up to meet new challenges and is continuously striving to improve efficiencies. Company is confident that it shall meet the targets it has set for itself.
COMPANY OVERVIEW
The Company was incorporated on 21 March 1997 under the Companies Act, 1956. Effective 3 July 1997, the Company entered into a 30 year license agreement with Jawaharlal Nehru Port Trust (‘JNPT’) to engage in the business of developing, operating, marketing and managing container handling facilities at Jawaharlal Nehru Port.
UNSECURED LOAN
|
PARTICULARS |
31.03.2016 (INR
in Million) |
31.03.2015 (INR
in Million) |
|
Short-term
Borrowing |
|
|
|
Other loans and advances |
0.000 |
0.628 |
|
Total |
0.000 |
0.628 |
INDEX
OF CHARGES
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
B87703831 |
10207416 |
INFRASTRUCTURE DEVELOPMENT FINANCE COMPANY LIMITED |
26/02/2010 |
- |
22/10/2013 |
987500000.0 |
ITC CENTRE, 3RD FLOOR, 760, ANNA SALAI, CHENNAI - 600 002, CHENNAI - 600 002, TAMILNADU, INDIA |
|
2 |
B86792777 |
10259363 |
INFRASTRUCTURE DEVELOPMENT FINANCE COMPANY LIMITED |
08/12/2010 |
- |
30/09/2013 |
1000000000.0 |
KRM TOWER, 8TH FLOOR, NO. 1, HARRINGTON ROAD, CHETPET, CHENNAI - 600 031, TAMILNADU, INDIA |
FIXED ASSETS:
· Building
· Plant and Machinery
· Furniture and Fittings
· Office Equipment
· Computers
·
Vehicles
· Computer equipments
· Computer software
· Licenses and franchise
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 63.91 |
|
|
1 |
INR 90.31 |
|
Euro |
1 |
INR 80.17 |
INFORMATION DETAILS
|
Information
Gathered by : |
AKY |
|
|
|
|
Analysis Done by
: |
NYT |
|
|
|
|
Report Prepared
by : |
MTN |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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 |
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.