MIRA INFORM REPORT

 

 

Report No. :

493664

Report Date :

03.03.2018

 

 

 

IDENTIFICATION DETAILS

 

Name :

KRISHNAPATNAM PORT COMPANY LIMITED

 

 

Registered Office :

1st Floor, 48-9-17, Dwarakanagar, Visakhapatnam - 530016, Andhra Pradesh

Tel. No.:

91-891-2754602

 

 

Country :

India

 

 

Financials (as on) :

31.03.2016

 

 

Date of Incorporation :

15.03.1996

 

 

Com. Reg. No.:

01-023529

 

 

Capital Investment / Paid-up Capital :

INR 7685.841 Million

 

 

CIN No.:

[Company Identification No.]

U45203AP1996PLC023529

 

 

IEC No.:

[Import-Export Code No.]

0906018803

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

Not Available

 

 

PAN No.:

[Permanent Account No.]

AAACK8657J

 

 

GSTIN/UIN :

Not Available

 

 

Legal Form :

A Closely Held Public Limited Liability Company

 

 

Line of Business :

Subject is engaged as developer and operator of the Deep Water Port. (Registered Activity)

 

 

No. of Employees :

Not Available

 

 

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+

Low Risk

Business dealings permissible with low risk of default

 

Maximum Credit Limit :

USD 58776000

 

 

Status :

Good

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

 

 

Comments :

Krishnapatnam Port Company Limited (KPCL), incorporated on March 15, 1996 is a Special Purpose Vehicle (SPV) belonging to the CVR Navayuga group. The SPV entered into a Concession Agreement (CA) with Government of Andhra Pradesh (GoAP) in January 1997 for developing the existing minor port into modern, deep water and high productivity port at Krishnapatnam. It is an established company having good track records.

 

As per Registrar of Companies the date of balance sheet (i.e. financial field) is shown as 31-03-2017 but the documents related to the financial for the year 2017 are not available from any sources.

 

As per available financials of 2016, revenue and profit of the company has declined.

 

The company possesses sound financial profile marked by healthy net worth base along with fair debt level and favourable gap between trade payables to its trade receivables.

 

The company also derives strength from its long standing track record of business operation.

 

Trade relations are reported as fair. Business is active. Payment terms are seems to be regular and as per commitment.

 

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

 

 

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 03.03.2018

 

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.

 

 

LOCATIONS

 

Registered Office :

1st Floor, 48-9-17, Dwarakanagar, Visakhapatnam - 530016, Andhra Pradesh, India

Tel. No.:

91-891-2754602/ 2747335/ 2748084 

Fax No.:

91-891-2747362

E-Mail :

info@krishnapatnamport.com

cs@krishnapatnamport.com

Website :

http://www.krishnapatnam.com

 

 

Corporate Office :

Plot No. 379, Road No. 10, Jubilee Hills, Hyderabad - 500033, Telangana, India

Tel. No.:

91-40-23339992

Fax No.:

91-40-23557789

 

 

Krishnapatnam Port Office:

P.O. Bag No. 1, Muthukur, District Nellore - 524344, Andhra Pradesh, India

Tel. No.:

91-861-2377999

Fax No.:

91-861-2377046

E-Mail :

secretarytoceo@krishnapatnamport.com

 

 

Regional Marketing Office :

Located at:

 

·         Bengaluru

·         Chennai

·         Delhi

·         Guntur

·         Hyderabad

·         Mumbai

·         Visakhapatnam

·         Singapore

 

 

DIRECTORS

 

AS ON 31.03.2017

 

Name :

Mr. Chinta Visweswara Rao

Designation :

Whole-time Director

Address :

Plot No.550, Road No.92, Jubilee Hills, Phase-III Hyderabad – 500034,  Telangana, India

Date of Birth/Age :

09.06.1947

Qualification:

SSLC

Date of Appointment :

01.10.2014

PAN No:

ADAPC0804H

DIN No.:

00009262

Other Directorship:

CIN/FCRN

Company Name

Begin Date

End Date

U45200TG2007PLC052829

MACHILIPATNAM PORT LIMITED

18/04/2011

-

U45201KA2007PTC042067

CORNERSTONE SHELTERS PRIVATE LIMITED

20/06/2007

-

U40300TG2009PTC066095

NEKKANTI POWER PRIVATE LIMITED

03/12/2009

-

U45203AP1986PLC006925

NAVAYUGA ENGINEERING COMPANY LIMITED

01/10/2014

-

U45203TG2010PTC068532

NAVAYUGA QUAZIGUND EXPRESSWAY PRIVATE LIMITED

21/05/2010

-

U45203TG2010PTC069649

NAVAYUGA DIBANG INFRA PROJECTS PRIVATE LIMITED

23/07/2010

-

U45400TG2010PLC069750

NAVAYUGA DHOLA INFRA PROJECTS LIMITED

29/07/2010

-

U65910TG2006PTC049469

CHINTA INVESTMENTS PRIVATE LIMITED

13/03/2006

-

U45203TG2010PTC070358

NAVAYUGA JAHNAVI TOLL BRIDGE PRIVATE LIMITED

07/09/2010

-

U15132TG2009PTC066094

NEKKANTI SUGARS PRIVATE LIMITED

03/12/2009

-

U72200TG1997PTC026655

NAVAYUGA INFOTECH PRIVATE LIMITED

17/03/1997

-

U45200TG2006PTC049468

CVR HOLDINGS PRIVATE LIMITED

13/03/2006

-

U40101TG2007PLC055995

NAVAYUGA POWER CORPORATION LIMITED

18/10/2007

-

U45209TG2008PLC057033

KRISHNAPATNAM INFRATECH LIMITED

06/02/2017

-

U40105TG2007PLC056531

KRISHNAPATNAM POWER CORPORATION LIMITED

05/12/2007

-

U45200TG2017PTC115509

BAY AREA ENGICON PRIVATE LIMITED

27/02/2017

-

U45309TG2017PTC115530

CHINTA ENGICON PRIVATE LIMITED

28/02/2017

-

 

 

Name :

Mr. Chinta Sasidhar

Designation :

Director

Address :

Plot No. 550, A/1, Road No.92, Jubilee Hills, Phase-III, Hyderabad – 500034, Telangana, India

Date of Birth/Age :

29.01.1972

Qualification:

B.E. (Civil), MS (Management) from UK

Date of Appointment :

01.04.2006

PAN No:

ABXPC6799E

DIN No.:

00009300

Other Directorship:

CIN/FCRN

Company Name

Begin Date

End Date

U63030TG2017PTC117873

OCEAN 2 DOOR INDIA PRIVATE LIMITED

22/06/2017

-

U74999TG2017PTC113838

VISHWA SAMUDRA SHIPMENT SERVICES PRIVATELIMITED

02/01/2017

-

U45309TG2016PTC112008

NAVAYUGA MALL PRIVATE LIMITED

16/09/2016

-

U74110AP2016PTC103954

VISHWA SAMUDRA ENGINEERING PRIVATE LIMITED

28/12/2017

-

U01100TG2016PTC110243

NAVAYUGA CROP SCIENCES PRIVATE LIMITED

13/06/2016

-

U45203AP1986PLC006925

NAVAYUGA ENGINEERING COMPANY LIMITED

01/10/2014

-

U63030TG2012PTC083146

KRISHNAPATNAM PORT CONTAINER TERMINAL PRIVATE LIMITED

17/09/2012

-

U40101TG2012PTC082052

OJU SUBANSIRI HYDRO POWER CORPORATION PRIVATE LIMITED

18/07/2012

-

U74899DL1932PTC000275

MADAN MOHAN LALL SHRIRAM PRIVATE LIMITED

14/10/2000

-

U45200TG2006PTC049468

CVR HOLDINGS PRIVATE LIMITED

13/03/2006

-

U23101TG2011PTC072034

SOUTHERN COKE COMPANY PRIVATE LIMITED

04/01/2011

-

U11100TG2010PTC071609

SOUTH EAST OIL COMPANY PRIVATE LIMITED

10/12/2010

-

U65910TG2006PTC049469

CHINTA INVESTMENTS PRIVATE LIMITED

13/03/2006

-

U45100TG2010PTC071749

NAVAYUGA ENGINEERS PROJECTS PRIVATE LIMITED

21/09/2017

-

U70102TG2007PTC053094

NAVAYUGA REAL VENTURES PRIVATE LIMITED

13/03/2007

-

U70102TG2007PTC053588

NEC REAL ESTATE PRIVATE LIMITED

13/04/2007

-

U45309TG2010PTC068207

NAVAYUGA PORT PROJECTS PRIVATE LIMITED

01/05/2010

-

U61200TG2010PTC067529

EAST COAST LOGISTICS PRIVATE LIMITED

12/03/2010

-

U45100AP2008PTC059256

NAVAYUGA ENGICON PRIVATE LIMITED

22/09/2017

-

 

 

Name :

Mr. Venkateswararao Rayala

Designation :

Director

Address :

9-15-7, C.B.M. Compound Area, 7, 9, Visakhapatnam – 530013, Andhra Pradesh, India

Date of Birth/Age :

10.04.1943

Qualification:

LCE

Date of Appointment :

04.01.2007

PAN No:

ABRPR8153R

DIN No.:

00157063

Other Directorship:

CIN/FCRN

Company Name

Begin Date

End Date

U65921AP1997PTC027352

VINAY INFRASTRUCTURE (INDIA) PRIVATE LIMITED

25/03/2006

-

U65993AP1997PTC027716

RVR ESTATES PRIVATE LIMITED

08/08/1997

-

U45200AP1999PTC031655

R.V.R. PROJECTS PRIVATE LIMITED

01/04/2017

-

U45200AP2007PTC053976

RVR PROPERTIES DEVELOPERS PRIVATE LIMITED

11/05/2007

-

U70102AP2007PTC054469

RVR AGRI FARMS DEVELOPERS PRIVATE LIMITED

15/06/2007

-

U45209AP2007PTC053958

RAYALA CONSTRUCTIONS PRIVATE LIMITED

11/05/2007

-

U31908AP2009PTC065921

RVR BALAJI SYSTEMS PRIVATE LIMITED

24/11/2009

-

 

 

Name :

Mr. Chinta Sridhar

Designation :

Director

Address :

Plot No.854/B, Road No.44, Jubilee Hills, Hyderabad - 500033, Telangana, India

Date of Birth/Age :

11.08.1969

Qualification:

B.E. (Mechanical)

Date of Appointment :

26.04.2006

PAN No:

AAKPC5369G

DIN No.:

01176220

Other Directorship:

CIN/FCRN

Company Name

Begin Date

End Date

U45209TG2011PTC075951

NAVAYUGA TOLLWAYS PRIVATE LIMITED

12/08/2011

-

U63030TG2012PTC083146

KRISHNAPATNAM PORT CONTAINER TERMINAL PRIVATE LIMITED

17/09/2012

-

U45100TG2010PTC071749

NAVAYUGA ENGINEERS PROJECTS PRIVATE LIMITED

21/09/2017

-

U45203TG2010PTC070358

NAVAYUGA JAHNAVI TOLL BRIDGE PRIVATE LIMITED

07/09/2010

-

U01100TG2016PTC109171

NAVAYUGA AGRICROP PRIVATE LIMITED

22/04/2016

-

U45400TG2010PLC069750

NAVAYUGA DHOLA INFRA PROJECTS LIMITED

29/07/2010

-

U45203TG2010PTC069649

NAVAYUGA DIBANG INFRA PROJECTS PRIVATE LIMITED

23/07/2010

-

U45203TG2010PTC068532

NAVAYUGA QUAZIGUND EXPRESSWAY PRIVATE LIMITED

21/05/2010

-

U45203AP1986PLC006925

NAVAYUGA ENGINEERING COMPANY LIMITED

28/12/1995

-

U45100AP2008PTC059256

NAVAYUGA ENGICON PRIVATE LIMITED

22/09/2017

-

U45209TG2008PLC057033

KRISHNAPATNAM INFRATECH LIMITED

08/01/2008

-

U24232TG2000PTC035692

NATCO GENOMIK PRIVATE LIMITED

07/03/2006

-

U45209TG2001PTC037218

NAVAYUGA INFRASTRUCTURE CORPORATION PRIVATE LIMITED

03/04/2003

-

U67120MH1995PTC090436

WELL-DO HOLDINGS AND EXPORTS PRIVATE LIMITED

31/08/2007

-

U45201KA2007PTC042067

CORNERSTONE SHELTERS PRIVATE LIMITED

20/06/2007

-

U45200TG2007PLC052829

MACHILIPATNAM PORT LIMITED

01/01/2015

-

U45200TG2006PTC049468

CVR HOLDINGS PRIVATE LIMITED

13/03/2006

-

U65910TG2006PTC049469

CHINTA INVESTMENTS PRIVATE LIMITED

13/03/2006

-

 

 

Name :

Mr. Sundareshan Sthanunathan

Designation :

Director

Address :

6-E, Hudco Place, New Delhi – 110049, India

Date of Birth/Age :

28.10.1952

Qualification:

MBA

Date of Appointment :

01.10.2014

DIN No.:

01675195

Other Directorship:

CIN/FCRN

Company Name

Begin Date

End Date

L18101KL1991PLC006194

PATSPIN INDIA LIMITED

19/09/2014

-

L18101KL2005PLC018062

GTN TEXTILES LIMITED

19/09/2014

-

L23209WB1921PLC004357

TIDE WATER OIL CO INDIA LIMITED

22/07/2015

-

L40105WB1919PLC003263

INDIA POWER CORPORATION LIMITED

11/09/2015

-

U48985WB1992PLC095301

GREAT EASTERN ENERGY CORPORATION LIMITED

26/08/2015

-

U67120MH2007PLC170358

INDIAN CLEARING CORPORATION LIMITED

28/08/2015

-

 

Name :

Padma Raju Chandalada

Designation :

Director

Address :

9-2-2, C. Street, Samalkot - 533440, Andhra Pradesh, India

Date of Birth/Age :

27.06.1953

Qualification:

MBA

Date of Appointment :

04.01.2007

PAN No:

AAZPC9523B

DIN No.:

02195436

Other Directorship:

CIN/FCRN

Company Name

Begin Date

End Date

U72200AP2000PTC034692

PRIYAVISION COMMUNICATIONS PRIVATE LIMITED

19/06/2000

-

U05002AP2014PTC095713

UNA AQUATIC EXPORTS PRIVATE LIMITED

27/11/2014

-

 

Name :

Mr. Anil Kumar Yendluri

Designation :

Whole-time Director

Address :

C/O P Seetha Ramaiah, D.No.8-2-293/K-26, Plot No.26, Phase-3, Kamalapuri Colony, Hyderabad – 500073, Telangana, India

Date of Birth/Age :

23.08.1964

Qualification:

PG (Science), MBA, LLB

Date of Appointment :

01.03.2013

PAN No:

AAFPY8698D

DIN No.:

02898938

Other Directorship:

CIN/FCRN

Company Name

Begin Date

End Date

U11100TG2010PTC071609

SOUTH EAST OIL COMPANY PRIVATE LIMITED

26/09/2014

-

U63023TG2010PTC070884

NELLORE WAREHOUSING COMPANY PRIVATE LIMITED

26/09/2015

-

U93000TG2008PTC061736

KRISHNAPATNAM SECURITY SERVICES PRIVATE LIMITED

26/09/2013

-

U23101TG2011PTC072034

SOUTHERN COKE COMPANY PRIVATE LIMITED

26/09/2014

-

U45200TG2006PLC051378

KRISHNAPATNAM RAILWAY COMPANY LIMITED

06/01/2010

-

U25203AP2011PTC076026

KP POLYOLEFIN SACKS PRIVATE LIMITED

28/09/2015

-

U93090TG2013PTC086713

NTRUST INSURANCE BROKING SERVICES PRIVATE LIMITED

31/03/2013

-

U74140TG2013PTC086970

EQUINOX MARINETEK SERVICES INDIA PRIVATE LIMITED

12/04/2013

-

U63030TG2013PTC087522

SEAPORT CARGO LOGISTICS PRIVATE LIMITED

30/09/2017

-

U74110AP2016PTC103954

VISHWA SAMUDRA ENGINEERING PRIVATE LIMITED

28/12/2017

-

U74999TG2017PTC113838

VISHWA SAMUDRA SHIPMENT SERVICES PRIVATE LIMITED

27/06/2017

-

U63030TG2017PTC117873

OCEAN 2 DOOR INDIA PRIVATE LIMITED

22/06/2017

-

 

Name :

Mrs. Sarala Chinta

Designation :

Director

Address :

Plot No. 674, Vivekananda Nagar, Kukatpally Hyderabad – 500072, Telangana, India

Date of Birth/Age :

27.06.1953

Qualification:

Graduate in Political Science

Date of Appointment :

31.03.2015

PAN No:

AGKPC0997J

DIN No.:

07141211

 

 

KEY EXECUTIVES

 

Name :

Mr. Shyam Lal Jagetiya

Designation :

Chief Financial Officer

Address :

606 Varuna Block Myhoem Navadheepa Madhapur, Near Cyber Tower, Hyderabad - 500081, Telangana, India

Date of Birth/Age :

07.06.1972

Qualification:

Chartered Accountant

Date of Appointment :

24.09.2014

PAN No:

AADPJ5075D

 

 

Name :

Mr. Nitin Kumar

Designation :

Company Secretary

Address :

H. No 230, Lal Bazar, Trimulgherry, Secunderabad - 500015, Telangana, India

Date of Birth/Age :

09.11.1985

Qualification:

CS,LLB

Date of Appointment :

02.04.2012

PAN No:

AUYPM9437D

 

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

AS ON 30.11.2017

 

Names of Shareholders (Equity Shares)

 

 

No. of Shares

Well Do Holdings Exports Private Limited

 

28828637

Chinta Investments Private Limited

 

1881363

CVR Holdings Private Limited

 

427100

NATCO Genomic Private Limited

 

28790000

Vsweswara Rao Chinta

 

397500

Chinta Shridhar

 

1836450

Chinta Sasidhar

 

1836450

Navneeta Agritech Private Limited

 

1788750

Navneeta Agriculture Development Company Private Limited

 

1788750

Strategic Port Investments KPC Limited

 

8326159

Navneeta Investments

 

3975000

Chinta Investments

 

3975000

CVR Investments

 

3975000

Hitech Infra Limited

 

750000

Total

 

88576159

 

 

Names of Shareholders (Preference Shares)

 

 

No. of Shares

Strategic Port Investments KPC Limited

 

680007962

Total

 

680007962

 

Equity Share Break up (Percentage of Total Equity)

 

AS ON 30.11.2017

 

Category

Percentage

Promoters (Individual/Hindu Undivided Family - Indian)

4.59

Promoters (Body corporate)

67.66

Public/Other than promoters (Body corporate)

27.75

Total

100.00

 

 

 

BUSINESS DETAILS

 

Line of Business :

Subject is engaged as developer and operator of the Deep Water Port. (Registered Activity)

 

 

Products/ Services :

Item Code No.

Product/ Services Description

99532322

Breakwater, etc.

 

NIC Code No.

Product/ Services Description

52242

Cargo handling incidental to water transport.

 

 

Brand Names :

Not Available

 

 

Agencies Held :

Not Available

 

 

Exports :

Not Available

 

 

Imports :

Not Available

 

 

Terms :

Not Available

 

PRODUCTION STATUS (NOT AVAILABLE)  

 

 

GENERAL INFORMATION

 

Suppliers :

Reference :

Not Available

Name of the Person :

--

Contact No.:

--

Since How Long Known :

--

Maximum Limit Dealt :

--

Experience :

--

Remark:

--

 

 

Customers :

Reference :

Not Available

Name of the Person :

--

Contact No.:

--

Since How Long Known :

--

Maximum Limit Dealt :

--

Experience :

--

Remark:

--

 

 

No. of Employees :

Not Available

 

 

Bankers :

·         Axis Bank Limited, Corporate Banking Branch, 1st Floor, No. 6-3-879/BG Pullareddy Building, Greenland, Begumpet, Hyderabad - 500016, Telangana, India

·         ICICI Bank Limited, Landmark Race Cource Circle Alkapuri, Vadodara – 390015, Gujarat, India

·         United Bank of India, Hyderabad Branch 4-3-331,Bank Street, Hyderabad – 500095, Telangana, India

·         HDFC Bank Limited, HDFC Bank House, Senapati Bapat Marg, Lower Parel (West) Mumbai - 400013, India

·         Syndicate Bank, Corporate Finance Branch,6-3-666,First Floor, Lumbini Towers, Somajiguda, Hyderabad – 500082, Telangana, India

 

 

Facilities :

Secured Loan

31.03.2016

(INR in Million)

31.03.2015

(INR in Million)

LONG-TERM BORROWINGS

 

 

Rupees term loan from Banks

35015.980

32819.855

Foreign currency term loans from Banks

7208.544

10138.389

Term loan from others

16668.919

15122.485

Long Term Maturities of finance lease obligation

21.579

18.041

SHORT-TERM BORROWINGS

 

 

Working Capital loans from Banks

1914.451

1425.013

Commercial Paper

956.945

0.000

Total

61786.418

59523.783

 

Auditors :

 

Name :

S. Krishnamoorthy and Company

Chartered Accountants

Address :

‘Kanapathy Towers’ 3rd Floor, No. 1391/A, Sathy Road, Ganpathy, Coimbatore – 641006, Tamilnadu, India

Tel. No.:

91-422-4039900

E-Mail :

skmcoca@skmcoca.com

 

 

Memberships :

Not Available

 

 

Collaborators :

Not Available

 

 

Subsidiaries (As on 31.03.2016) :

·         Krishnapatnam Port Container Terminal Private Limited (CIN No.: U63030TG2012PTC083146)

 

 

Associates (As on 31.03.2016) :

·         Krishnapatnam Infratech Limited (CIN No.: U45209TG2008PLC057033)

·         Krishnapatnam Water Company Private Limited (CIN No.: U40300TG2008PTC057882)

·         Krishnapatnam Railway Company Limited (CIN No.: U45200TG2006PLC051378)

·         Navayuga Dichpally Tollway Private Limited (CIN No.:U45203TG2009PTC064061)

·         Navayuga Quazigund Expressway Private Limited (CIN No.: U45203TG2010PTC068532)

·         Navayuga Udupi Tollway Private Limited (CIN No.:U45204TG2009PTC066139)

·         KP Polyolefin Sacks Private Limited (CIN No.:U25203AP2011PTC076026)

 

 

Enterprises owned / controlled or significantly

influenced by KMP or their Relatives (As on 31.03.2016) :

·         Navayuga Engineering Company Limited (CIN No.: U45203AP1986PLC006925)

·         Grafix Engineering Consultants Private Limited (CIN No.: U74900TG2009PTC066117)

·         Gateway Media Private Limited (CIN No.:U74900TG2007PTC054344)

·         Krishnapatnam Security Services Private Limited (CIN No.: U93000TG2008PTC061736)

·         Navayuga Infotech Private Limited (CIN No.:U72200TG1997PTC026655)

·         Navayuga Infrastructure Corporation Private Limited CIN No.: U45209TG2001PTC037218)

·         Navayuga Spatial Technologies Private Limited (CIN No.: U72200TG2004PTC044662)

·         Nellore Warehousing Company Private Limited (CIN No.: U63023TG2010PTC070884)

·         Krishnapatnam Infratech Private Limited (CIN No.: U45209TG2008PTC057033)

·         Navayuga Quazigund Expressway Private Limited (CIN No.:U45203TG2010PTC068532)

·         Navayuga Udupi Tollway Private Limited (CIN No.:U45204TG2009PTC066139)

·         Nellore Coke Company Private Limited (CIN No.:U23101TG2010PTC071749)

·         Krishnapatnam Water Company Private Limited (CIN No.: U40300TG2008PTC057882)

·         Krishna Seaways Private Limited (CIN No.:U61100AP2008PTC059256)

·         Krishnapatnam Railway Company Limited (CIN No.: U45200TG2006PLC051378)

·         Chinta Investments Private Limited (CIN No.:U65910TG2006PTC049469)

·         CVR Holdings Private Limited (CIN No.:U45200TG2006PTC049468)

·         Nekkanti Sugars Private Limited (CIN No.:U15132TG2009PTC066094)

·         Subham Corporation Private Limited (CIN No.:U74990TG2010PTC067589)

·         Jagannath Port Company Limited (CIN No.:U63032OR2008PLC010058)

·         Seabase Impex Private Limited (CIN No.:U74999TG2009PTC064323)

·         iMatics Technologies Private Limited (CIN No.:U72200TG2009PTC065071)

·         Kineta Power Private Limited

·         KP Polyolefin Sacks Private Limited

·         Krishnapatnam Port Container Terminal Private Limited (CIN No.: U63030TG2012PTC083146)

·         Krishnapatnam Port Pte Limited

·         Mapworld Technologies Limited (CIN No.:U72200TG2000PLC035176)

·         East Coast Logistics Private Limited (CIN No.:U61200TG2010PTC067529)

·         Equinox MarineTek Services India Private Limited (CIN No.:U74140TG2013PTC086970)

·         Krishna Dredging Company Private Limited (CIN No.: U74900TG2008PTC058987)

·         Chinta Visweswara Rao Educational Society

·         Ntrust Insurance Broking Services Private Limited (CIN No.:U93090TG2013PTC086713)

·         Navayuga Power Corporation Limited (CIN No.:U40101TG2007PLC055995)

·         Navayuga Real Ventures Private Limited (CIN No.:U70102TG2007PTC053094)

·         Krishnapatnam Bayarea CFS Private Limited (CIN No.:U74900AP2012PTC080583)

·         CVR Foundation

·         Madhava Enterprises

·         Chinta Govind Capital Ventures Private Limited

·         Chinta Madhava Capital Ventures Private Limited

·         Krishnapatnam Infratech Private Limited

·         KP Polyolefin Sacks Private Limited

·         Navaneeta Agriculture Development Company Private Limited

·         Hitech Infra Limited

·         Nava Vishwa Sashi VijayaKrishna Properties Private Limited

·         In-shape Health & Resort Private Limited

·         DRK Bagging and Warehousing Private Limited

·         Oju Subansiri Hydro Power Corporation Private Limited

·         Nyse Properties Private Limited

·         Astaranga Power Company Limited

·         Jagannath Port Company Limited

·         Subham Corporation Private Limited (CIN No.:U74990TG2010PTC067589)

 

 

CAPITAL STRUCTURE

 

AS ON 30.11.2017

 

Authorised Capital :

No. of Shares

Type

Value

Amount

89250000

Equity Shares

INR 10/- each

INR 892.500 Million

700750000

Preference Shares

INR 10/- each

INR 7007.500 Million

750000

Compulsorily Convertible Preference Shares

INR 10/- each

INR 7.500 Million

 

Total

 

INR 7907.500 Million

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

88576159

Equity Shares

INR 10/- each

INR 885.762 Million

680007962

Preference Shares

INR 10/- each

INR 6800.080 Million

 

Total

 

INR 7685.842 Million

 

AS ON 30.11.2017

 

Authorised Capital :

No. of Shares

Type

Value

Amount

89250000

Equity  Shares

INR 10/- each

INR 892.500 Million

700750000

Preference  Shares

INR 10/- each

INR 7007.500 Million

 

Total

 

INR 7900.000 Million

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

88576159

Equity Shares

INR 10/- each

INR 885.762 Million

680007962

Preference  Shares

INR 10/- each

INR 6800.080 Million

 

Total

 

INR 7685.842 Million


 

FINANCIAL DATA

[all figures are in INR Million]

 

ABRIDGED BALANCE SHEET (STANDALONE)

 

SOURCES OF FUNDS

 

31.03.2016

31.03.2015

31.03.2014

I.      EQUITY AND LIABILITIES

 

 

 

(1)Shareholders' Funds

 

 

 

(a) Share Capital

7685.900

7685.900

7685.900

(b) Reserves & Surplus

12885.758

12311.212

11388.598

(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)

20571.658

19997.112

19074.498

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) Long-term borrowings

58915.022

58098.770

47575.665

(b) Deferred tax liabilities (Net)

5538.360

4145.253

2793.282

(c) Other long term liabilities

1098.936

1894.065

1162.228

(d) Long-term provisions

85.552

76.378

21.370

Total Non-current Liabilities (3)

65637.870

64214.466

51552.545

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

2871.396

1425.013

987.496

(b) Trade payables

2290.059

1847.632

1747.938

(c) Other current liabilities

3941.331

1851.427

7307.071

(d) Short-term provisions

142.255

263.293

484.169

Total Current Liabilities (4)

9245.041

5387.365

10526.674

 

 

 

 

TOTAL

95454.569

89598.943

81153.717

 

 

 

 

II.    ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

63763.875

64185.269

58121.570

(ii) Intangible Assets

0.000

0.000

0.000

(iii) Capital work-in-progress

12443.730

11907.017

13792.308

(iv) Intangible assets under development

0.000

0.000

0.000

(b) Non-current Investments

3588.583

3356.680

3357.024

(c) Deferred tax assets (net)

0.000

0.000

0.000

(d) Long-term Loan and Advances

2279.266

2453.164

1433.031

(e) Other Non-current assets

0.000

0.000

0.000

Total Non-Current Assets

82075.454

81902.130

76703.933

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

79.261

35.210

28.944

(c) Trade receivables

4274.603

3598.452

2441.625

(d) Cash and cash equivalents

916.156

500.020

263.770

(e) Short-term loans and advances

2607.444

1045.628

1067.192

(f) Other current assets

5501.651

2517.503

648.253

Total Current Assets

13379.115

7696.813

4449.784

 

 

 

 

TOTAL

95454.569

89598.943

81153.717

 

 

PROFIT & LOSS ACCOUNT (STANDALONE)

 

 

PARTICULARS

31.03.2016

31.03.2015

31.03.2014

 

SALES

 

 

 

 

Revenue from Operations

17422.075

18403.045

12015.198

 

Other Income

287.219

233.524

67.791

 

TOTAL

17709.294

18636.569

12082.989

 

 

 

 

 

Less

EXPENSES

 

 

 

 

Cost of Material Consumed

6335.682

5989.466

4420.085

 

Purchases of Stock-in-Trade

0.000

0.000

0.000

 

Changes in inventories of finished goods, work-in-progress and Stock-in-Trade

0.000

0.000

0.000

 

Employees benefits expense

535.413

591.394

469.560

 

CSR expenditure

47.424

0.000

0.000

 

Other expenses

1041.588

1804.914

770.111

 

TOTAL

7960.107

8385.774

5659.756

 

 

 

 

 

Less

PROFIT/ (LOSS)  BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION

9749.187

10250.795

6423.233

 

 

 

 

 

Less

FINANCIAL EXPENSES

6892.138

6993.804

3059.695

 

 

 

 

 

 

PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION

2857.049

3256.991

3363.538

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION

2202.250

2017.038

1068.489

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX

654.799

1239.953

2295.049

 

 

 

 

 

Less

TAX

80.170

298.936

1474.528

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX 

574.629

941.017

820.521

 

 

 

 

 

 

EARNINGS IN FOREIGN CURRENCY

 

 

 

 

Deemed Export Income for the Port Services

2855.915

3515.873

2815.511

 

TOTAL EARNINGS

2855.915

3515.873

2815.511

 

 

 

 

 

 

IMPORTS

 

 

 

 

Components & Spare Parts

110.516

 169.567

8644.000

 

Capital goods

177.657

8.932

 271.100 

 

TOTAL IMPORTS

288.173

178.499

8915.100

 

 

 

 

 

 

Earnings / (Loss) Per Share (INR)

0.74

1.22

0.93

 

 

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

 

Particulars

 

31.03.2016

31.03.2015

31.03.2014

Current Maturities of Long term debt

2707.724

907.489

4814.153

Net cash flows from (used in) operations

6177.493

7094.422

6115.205

Net cash flow from operating activity

6037.748

6834.522

5602.154

 

 

KEY RATIOS

 

EFFICIENCY RATIOS

 

PARTICULARS

 

31.03.2016

31.03.2015

31.03.2014

Average Collection Days

(Sundry Debtors / Income * 365 Days)

89.55

71.37

74.17

 

 

 

 

Account Receivables Turnover

( Income / Sundry Debtors)

4.08

5.11

4.92

 

 

 

 

Average Payment Days

(Sundry Creditors / Purchases * 365 Days)

131.93

112.60

144.34

 

 

 

 

Inventory Turnover

(Operating Income / Inventories)

123.00

291.13

221.92

 

 

 

 

Asset Turnover

(Operating Income / Net Fixed Assets)

0.13

0.13

0.09

 

LEVERAGE RATIOS

 

PARTICULARS

 

31.03.2016

31.03.2015

31.03.2014

Debt Ratio

((Borrowing + Current Liabilities) / Total Assets)

0.74

0.72

0.78

 

 

 

 

Debt Equity Ratio

(Total Liability / Networth)

3.14

3.02

2.80

 

 

 

 

Current Liabilities to Networth

(Current Liabilities / Net Worth)

0.45

0.27

0.55

 

 

 

 

Fixed Assets to Networth

(Net Fixed Assets / Networth)

3.70

3.81

3.77

 

 

 

 

Interest Coverage Ratio

(PBIT / Financial Charges)

1.41

1.47

2.10

 

PROFITABILITY RATIOS

 

PARTICULARS

 

 

31.03.2016

31.03.2015

31.03.2014

Net Profit Margin

[(PAT / Sales) * 100]

%

3.30

5.11

6.83

 

 

 

 

 

Return on Total Assets

((PAT / Total Assets) * 100)

%

0.60

1.05

1.01

 

 

 

 

 

Return on Investment (ROI)

((PAT / Networth) * 100)

%

2.79

4.71

4.30

 

SOLVENCY RATIOS

 

PARTICULARS

 

31.03.2016

31.03.2015

31.03.2014

Current Ratio

(Current Assets / Current Liabilities)

1.45

1.43

0.42

 

 

 

 

Quick Ratio

((Current Assets – Inventories) / Current Liabilities)

1.44

1.42

0.42

 

 

 

 

G-Score Ratio Financial

(Networth / Total Assets)

0.22

0.22

0.24

 

 

 

 

G-Score Ratio Debt

(Debts / Equity Capital)

8.39

7.86

6.94

 

 

 

 

G-Score Ratio Liquidity

(Total Current Assets / Total Current Liabilities)

1.45

1.43

0.42

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

7685.900

7685.900

7685.900

Reserves & Surplus

11388.598

12311.212

12885.758

Money received against share warrants

0.000

0.000

0.000

Share Application money pending allotment

0.000

0.000

0.000

Net worth

19074.498

19997.112

20571.658

 

 

 

 

long-term borrowings

47575.665

58098.770

58915.022

Short term borrowings

987.496

1425.013

2871.396

Current Maturities of Long term debt

4814.153

907.489

2707.724

Total borrowings

53377.314

60431.272

64494.142

Debt/Equity ratio

2.798

3.022

3.135

 

 

 

 

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

12015.198

18403.045

17422.075

 

 

53.165

(5.330)

 

 

 

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

12015.198

18403.045

17422.075

Profit/(Loss)

820.521

941.017

574.629

 

6.83%

5.11%

3.30%

 

 

 

FINANCIAL DATA

[all figures are in Rupees Million]

 

ABRIDGED BALANCE SHEET (CONSOLIDATED)

 

SOURCES OF FUNDS

 

 

31.03.2016

31.03.2015

I.      EQUITY AND LIABILITIES

 

 

 

(1)Shareholders' Funds

 

 

 

(a) Share Capital

 

7685.900

7685.900

(b) Reserves and Surplus

 

12823.259

12276.094

(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)

 

20509.159

19961.994

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

 

58915.023

58098.770

(b) Deferred tax liabilities (Net)

 

5538.360

4145.253

(c) Other long-term liabilities

 

1066.425

1861.547

(d) long-term provisions

 

86.667

76.378

Total Non-current Liabilities (3)

 

65606.475

64181.948

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short-term borrowings

 

2871.396

1425.013

(b) Trade payables

 

2325.603

1858.638

(c) Other current liabilities

 

3950.348

1853.035

(d) Short-term provisions

 

158.018

264.817

Total Current Liabilities (4)

 

9305.365

5401.503

 

 

 

 

TOTAL

 

95420.999

89545.445

 

 

 

 

II.    ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

 

63763.875

64185.269

(ii) Intangible Assets

 

0.000

0.000

(iii) Tangible assets capital work-in-progress

 

12444.230

11907.517

(iv) Intangible assets under development

 

0.000

0.000

(b) Non-current Investments

 

3495.977

3318.315

(c) Deferred tax assets (net)

 

0.000

0.000

(d) Long-term loans and advances

 

2589.881

2453.164

(e) Other Non-current assets

 

0.000

0.000

Total Non-Current Assets

 

82293.963

81864.265

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

 

0.000

0.000

(b) Inventories

 

79.261

35.210

(c) Trade receivables

 

4300.368

3563.284

(d) Cash and bank balances

 

921.040

508.439

(e) Short-term loans and advances

 

2296.829

1045.628

(f) Other current assets

 

5529.538

2528.619

Total Current Assets

 

13127.036

7681.180

 

 

 

 

TOTAL

 

95420.999

89545.445

 

 

PROFIT & LOSS ACCOUNT (CONSOLIDATED)

 

 

PARTICULARS

 

31.03.2016

31.03.2015

 

SALES

 

 

 

 

Total Revenue from operations

 

17669.124

18588.008

 

Other Income

 

289.437

237.627

 

TOTAL

 

17958.561

18825.635

 

 

 

 

 

Less

EXPENSES

 

 

 

 

Cost of Materials Consumed

 

6411.771

6102.687

 

Purchases of Stock-in-Trade

 

0.000

0.000

 

Employee benefit expense

 

605.716

591.394

 

Other expenses

 

1151.025

1818.506

 

TOTAL

 

8168.512

8512.587

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION

 

9790.049

10313.048

 

 

 

 

 

Less

FINANCIAL EXPENSES

 

6892.285

7054.744

 

 

 

 

 

 

PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION

 

2897.764

3258.304

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION

 

2202.250

2017.038

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX

 

695.514

1241.266

 

 

 

 

 

Less

TAX

 

94.025

299.370

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX

 

601.489

941.896

 

 

 

 

 

 

SHARE  OF PROFIT (LOSS) OF ASSOCIATES

 

(5424.100)

(1067.600)

 

 

 

 

 

 

TOTAL PROFIT (LOSS) FOR PERIOD

 

54724.800

93122.000

 

Earnings / (Loss) Per Share (INR)

 

0.78

1.22

 

 

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

Yes

21

Banking facility details

Yes

22

Conduct of the banking account

--

23

Financials, if provided

Yes

24

Capital in the business

Yes

25

Last accounts filed at ROC, if applicable

No

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

Litigations that the firm/promoter involved in

--

32

Market information

--

33

Payments terms

No

34

Negative Reporting by Auditors in the Annual Report

No

 

NOTE: The Registered Office of the company has been shifted from H. No.8-2-293/82/A/379 and 379/A, Ground Floor, Plot No.379, Road No.10, Jubilee Hills, Hyderabad - 500033, Andhra Pradesh, India to the present address w.e.f. 01.01.2014.

 

CORPORATE INFORMATION (AS ON 2016):

 

The Company is engaged as developer and operator of the Deep Water Port at Krishnapatnam, Sree Potti Sreeramulu Nellore District, Andhra Pradesh pursuant to the Concession Agreement on Build, Operate, Share and Transfer (BOST) basis with Government of Andhra Pradesh (GOAP) for a period of Thirty Years from the date of Commercial Operations (COD) and entitled for a further period of Twenty Years (Two periods of 10 Years each).GOAP has allotted 3458.63 Acres of land at Krishnapatnam for the development of the Port. Construction of Phase-1 focused on Iron Ore, Coal & General Cargo for which COD was declared on 20th March, 2009. Phase-II of the project caters mainly Coal handling for Thermal Power Plants, and General and Container Cargo for which COD is declared on 31.12.2013.

 

YEAR IN RETROSPECT:

 

During the year, the Company achieved Revenue of INR 17422.100 Million as compared to INR 18403.000 Million in the previous year. The Profit before tax was INR 654.800 Million and the Profit after tax was INR 574.600 Million for the financial year as against INR 1239.900 Million and INR 941.000 Million respectively for the previous year.

 

 

INDEX OF CHARGES

 

Charges Registered

SNo

SRN

Charge Id

Charge Holder Name

Date of Creation

Date of Modification

Date of Satisfaction

Amount

Address

1

G72431869

100143789

Axis Bank Limited

30/12/2017

-

-

750000000.0

CORPORATE BANKING BRANCH, 1ST FLOOR, NO. 6-3-879/BG PULLAREDDY BUILDING, GREENLAND, BEGUMPET, HYDERABAD -500016, TELANGANA, INDIA

2

G58538752

100129660

TATA CAPITAL FINANCIAL SERVICES LIMITED

29/09/2017

-

-

123100278.0

ONE FORBES, DR. V B GANDHI MARG, FORT, MUMBAI – 400001, MAHARASHTRA, INDIA

3

G48999122

100111526

TATA CAPITAL FINANCIAL SERVICES LIMITED

30/06/2017

-

-

67975000.0

ONE FORBES, DR. V B GANDHI MARG, FORT, MUMBAI – 400001, MAHARASHTRA, INDIA

4

G49079197

100111881

SREI EQUIPMENT FINANCE LIMITED

30/06/2017

-

-

262500000.0

'VISHWAKARMA', 86C, TOPSIA ROAD, KOLKATA – 700046, WEST BENGAL, INDIA

5

G49095730

100111885

SREI EQUIPMENT FINANCE LIMITED

30/06/2017

-

-

262500000.0

'VISHWAKARMA', 86C, TOPSIA ROAD, KOLKATA – 700046, WEST BENGAL, INDIA

6

G48984967

100111454

KOTAK MAHINDRA PRIME LIMITED

29/06/2017

-

-

19130000.0

27BKC, C 27, G BLOCK BANDRA KURLA COMPLEX, BANDRA (EAST), MUMBAI – 400051, MAHARASHTRA, INDIA

7

G51919843

100119534

ICICI BANK LIMITED

18/05/2017

-

-

6200000.0

LANDMARKRACE COURCE CIRCLE ALKA PURI, BARODA – 390015, GUJARAT,

8

G39514906

100086341

United Bank of India

28/03/2017

-

-

1000000000.0

HYDERABAD BRANCH 4-3-331,BANK STREET, HYDERABAD – 500095, TELANGANA, INDIA

9

G58672601

100129787

HDFC BANK LIMITED

07/03/2017

-

-

2199000.0

HDFC BANK HOUSE, SENAPATI BAPAT MARG, LOWER PAREL (WEST) MUMBAI-400013, MAHARASHTRA, INDIA

10

G41080060

100089787

Syndicate Bank

06/03/2017

-

-

200000000.0

CORPORATE FINANCE BRANCH, 6-3-666, FIRST FLOOR, LUMBINI TOWERS, SOMAJIGUDA, HYDERABAD – 500082, TELANGANA, INDIA

 

 

CONTINGENT LIABILITIES:

 

(INR in million)

PARTICULARS

31.03.2016

31.03.2015

Guarantees/LCs issued by the banks on behalf of the company

351.540

461.306

Claims against the company pending in appellate authorities, courts/Tribunals

1487.823

1515.321

Guarantees given to banks on behalf of associate companies

2387.000

2387.000

 

 

Notes:

 

1) The Company does not expect any reimbursements in respect of the above contingent liabilities.

 

2) In respect of maters at (a), the cash outflows, if any, could generally occur up to three years, being the Period  over which the validity of the guarantees extends.

 

3) It is not practicable to estimate the timing of cash out flows, if any, in respect of matters at (b) above pending         Resolution of the arbitration/appellate proceedings.

 

4) In respect of matters at (c), the cash outflows, if any, could generally occur up to Eight years, being the period over which the validity of the guarantees extends except in a few cases where the cash outflows, if any, could         occur any time during the subsistence of the borrowing to which the guarantee relate

 

FIXED ASSETS

-

·          Buildings

·         Plant and equipment

·         Furniture and fixtures

·         Vehicles

·         Office equipment

·         Leasehold improvements

·         Railway sidings

 

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 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 65.23

UK Pound

1

INR 89.71

Euro

1

INR 79.50

 

 

INFORMATION DETAILS

 

Analysis Done by :

DIV

 

 

Report Prepared by :

PVG

 

 

SCORE FACTORS

 

DEMERIT POINTS

 

 

--BANK CHARGES

YES/NO

YES

--LITIGATION

YES/NO

NO

--OTHER ADVERSE INFORMATION

YES/NO

NO

MERIT POINTS

 

 

--SOLE DISTRIBUTORSHIP

YES/NO

NO

--EXPORT ACTIVITIES

YES/NO

NO

--AFFILIATION

YES/NO

YES

--LISTED

YES/NO

NO

--OTHER MERIT FACTORS

YES/NO

YES

 

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)

 

 

 

 

 

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.