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|
MIRA INFORM REPORT
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Report No. : |
495649 |
|
Report Date : |
06.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
JSW JAIGARH PORT LIMITED |
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|
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|
Registered
Office : |
JSW Centre, Bandra Kurla Complex, Bandra (East), Mumbai – 400051,
Maharashtra |
|
Tel. No.: |
91-22-42861000 |
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Country : |
India |
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Financials (as
on) : |
31.03.2016 |
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Date of
Incorporation : |
06.01.2007 |
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|
|
|
Com. Reg. No.: |
11-166784 |
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Capital
Investment / Paid-up Capital : |
INR 4005.000 Million |
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|
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CIN No.: [Company Identification
No.] |
U45205MH2007PLC166784 |
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|
|
IEC No.: [Import-Export Code No.] |
Not Divulged |
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|
GSTN : [Goods & Service Tax Registration
No.] |
27AABCJ7959F1Z8 |
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|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMJ12503B |
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PAN No.: [Permanent Account No.] |
AABCJ7959F |
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|
Legal Form : |
A Closely Held Public Limited Liability Company |
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|
Line of Business
: |
The Company is engaged in developing and operating
mechanized modern ports and also engaged in to undertake various logistic
related activities like Shipping, Roads, Railways, Marine Infrastructures,
etc. [Registered Activity] |
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|
|
|
No. of Employees
: |
Information denied by the management |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Status : |
Satisfactory |
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|
Payment Behaviour : |
Slow |
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Litigation : |
Exist |
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Comments : |
JSW Jaigarh Port Limited (JSWJPL), a wholly owned subsidiary
of JSW Infrastructure Limited (JSWIL), was set-up for developing an ‘all weather’
deep water port in Jaigarh, located in Ratnagiri district, Maharashtra to
cater largely to the coal requirements of JSW Energy Limited 1.2GW power
plant adjacent to the port. Presently, Jaigarh Port has five bulk berths with
a total cargo handling capacity of about 40MTPA. It primarily caters to the
coal import requirements of the 1.2GW (4 units X 300 MW each) thermal power
plant of JSWEL at Ratnagiri.
|
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 |
CARE |
|
Rating |
Long Term Rating = AA- |
|
Rating Explanation |
High degree of safety and very low credit risk. |
|
Date |
18.01.2018 |
|
Rating Agency Name |
CARE |
|
Rating |
Short Term Rating = A1+ |
|
Rating Explanation |
Very strong degree of safety and carry lowest credit risk. |
|
Date |
18.01.2018 |
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 06.03.2018.
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.
INFORMATION DENIED
MANAGEMENT NON-COOPERATIVE (Tel No.: 91-22-42861000)
LOCATIONS
|
Registered Office : |
JSW Centre, Bandra Kurla Complex, Bandra (East), Mumbai – 400051,
Maharashtra, India |
|
Tel. No.: |
91-22-42861000 |
|
Mobile No.: |
91-9552577426 [Mr. Shailesh Patel] |
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Fax No.: |
91-22-42863000 |
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E-Mail : |
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Website : |
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|
Location: |
Owned |
|
Locality: |
Industrial |
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|
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|
Port : |
Post, Jaigarsh, SAkhar Mohalla, Taluka Ratnagiri – 415614,
Maharashtra, India |
|
Tel. No. : |
91-2357-242551 / 242552 / 242556 |
DIRECTORS
AS ON 2018
|
Name : |
Mr. Bhartula Vjk Sharma |
|
|
Designation : |
Managing Director |
|
|
Address : |
1406, 14th Floor, Mount Alps, A Wing, Bhakti Park, Near Imax Theater,
Mumbai - 400037, Maharashtra, India |
|
|
Date of Birth/Age : |
01.01.1963 |
|
|
Qualification : |
Shipping Management, Master Foreign Going |
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Date of Appointment : |
21.11.2012 |
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DIN No.: |
00017758 |
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PAN No.: |
ANJPS0053R |
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|
|
|
|
|
Name : |
Mr. Kantilal Narandas Patel |
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Designation : |
Director |
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|
Address : |
12, Yesho Mangal, 64B, Lallubhai Shamal Das Road, Andheri (West), Mumbai - 400058, Maharashtra, India |
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Date of Birth/Age : |
30.05.1951 |
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Qualification : |
CA |
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Date of Appointment : |
26.06.2007 |
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DIN No.: |
00019414 |
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Name : |
Mr. Nirmal Kumar Jain |
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Designation : |
Director |
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|
Address : |
302, Suman, Playground Road, Vile Parle (East), Mumbai - 400057, Maharashtra, India |
|
|
Date of Appointment : |
30.03.2015 |
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DIN No.: |
00019442 |
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||
|
Name : |
Ms. Ameeta Sonjoy |
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Designation : |
Director |
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Address : |
Flat No. 10, 10th Floor, Sanghi Residency, Prabhadevi, Mumbai – 400025, Maharashtra, India |
|
|
Date of Appointment : |
30.03.2015 |
|
|
DIN No.: |
03010772 |
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KEY EXECUTIVES
|
Name : |
Mr. Harish Kumar Gupta |
|
Designation : |
Chief Financial Officer |
|
Address : |
Flat No. H-703, Greenwoods, Corporate Housing Society, Andheri Kurla Roa Near Weh Metro Station, Andheri (East), Mumbai - 400093, Maharashtra, India |
|
Date of Appointment : |
08.11.2017 |
|
PAN No.: |
ALUPG5237G |
MAJOR SHAREHOLDERS
AS ON 31.07.2017
|
Names of Shareholders |
|
No. of Shares |
|
JSW Infrastructure Limited (JSWIL) |
|
400499400 |
|
Nirmal Kumar Jain (Nominee JSWIL) |
|
100 |
|
Bhartula VJK Sharma |
|
100 |
|
Lalit Singhvi (Nominee JSWIL) |
|
100 |
|
Kantilal Patel (Nominee JSWIL) |
|
100 |
|
Narinder Singh (Nominee JSWIL) |
|
100 |
|
Jsw Investment Private Limited (Nominee JSWIL) |
|
100 |
|
Total |
|
400500000 |
AS ON 31.07.2017
|
Equity Share
Break up |
Percentage |
|
Category |
|
|
Promoters – [Bodies corporate] |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The Company is engaged in developing and operating
mechanized modern ports and also engaged in to undertake various logistic related
activities like Shipping, Roads, Railways, Marine Infrastructures, etc.
[Registered Activity] |
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Products / Services
: |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Available |
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Imports : |
Not Available |
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Terms : |
Not Divulged |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Information denied by the management |
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Bankers : |
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Facilities : |
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Auditors : |
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|
Name : |
Shah Gupta and Company Chartered Accountants |
|
Address : |
38, Bombay Mutual Building, Dr. D. N. Road, Fort, Mumbai - 400001, Maharashtra, India |
|
PAN No.: |
AAAFS7720F |
|
|
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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|
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|
Holding Company: |
JSW Infrastructure Limited, India [CIN No.: U45200MH2006PLC161268] |
|
|
|
|
Subsidiary
Companies: |
[CIN No.: U74900GA2014PTC007400]
|
CAPITAL STRUCTURE
AS ON 31.07.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000000 |
Equity Shares |
INR 10/- each |
INR 10000.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
400500000 |
Equity Shares |
INR 10/- each |
INR 4005.000 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
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 |
4005.000 |
4005.000 |
4005.000 |
|
(b) Reserves and Surplus |
3456.170 |
2363.750 |
1624.370 |
|
(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) |
7461.170 |
6368.750 |
5629.370 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
5138.760 |
2605.110 |
425.960 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long-term
liabilities |
372.260 |
353.310 |
346.180 |
|
(d) long-term provisions |
4.780 |
3.830 |
3.740 |
|
Total Non-current
Liabilities (3) |
5515.800 |
2962.250 |
775.880 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
1442.450 |
1571.100 |
760.420 |
|
(b) Trade
payables |
613.110 |
194.750 |
114.940 |
|
(c) Other
current liabilities |
1282.260 |
972.100 |
565.060 |
|
(d) Short-term
provisions |
66.760 |
14.940 |
11.820 |
|
Total Current
Liabilities (4) |
3404.580 |
2752.890 |
1452.240 |
|
|
|
|
|
|
TOTAL |
16381.550 |
12083.890 |
7857.490 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
9749.220 |
6620.240 |
6237.580 |
|
(ii)
Intangible Assets |
9.380 |
14.960 |
8.410 |
|
(iii) Tangible assets
capital work-in-progress |
2925.040 |
3976.610 |
882.720 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
252.420 |
0.100 |
0.100 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
1952.810 |
616.340 |
259.480 |
|
(e) Other
Non-current assets |
28.500 |
57.400 |
51.980 |
|
Total Non-Current
Assets |
14917.370 |
11285.650 |
7440.270 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
424.750 |
119.530 |
79.010 |
|
(c) Trade
receivables |
773.720 |
254.070 |
170.050 |
|
(d) Cash and
bank balances |
123.730 |
73.000 |
73.450 |
|
(e)
Short-term loans and advances |
84.960 |
301.540 |
94.710 |
|
(f) Other
current assets |
57.020 |
50.100 |
0.000 |
|
Total
Current Assets |
1464.180 |
798.240 |
417.220 |
|
|
|
|
|
|
TOTAL |
16381.550 |
12083.890 |
7857.490 |
PROFIT
& LOSS ACCOUNT [STANDALONE]
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
3513.050 |
2701.990 |
2305.320 |
|
|
Other Income |
98.990 |
23.720 |
46.970 |
|
|
TOTAL |
3612.040 |
2725.710 |
2352.290 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Employee benefit expense |
108.740 |
98.110 |
83.430 |
|
|
CSR expenditure |
14.560 |
12.130 |
12.690 |
|
|
Other expenses |
1612.590 |
1460.980 |
973.180 |
|
|
TOTAL |
1735.890 |
1571.220 |
1069.300 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION
AND AMORTISATION |
1876.150 |
1154.490 |
1282.990 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
275.360 |
113.740 |
186.370 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
1600.790 |
1040.750 |
1096.620 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
462.120 |
293.920 |
453.050 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
1138.670 |
746.830 |
643.570 |
|
|
|
|
|
|
|
Less |
TAX |
46.240 |
6.970 |
1.950 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
1092.430 |
739.860 |
641.620 |
|
|
|
|
|
|
|
|
PREVIOUS YEARS’ BALANCE BROUGHT FORWARD |
2364.000 |
1625.000 |
983.000 |
|
|
|
|
|
|
|
|
Balance
Carried to the B/S |
3456.000 |
2364.000 |
1625.000 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
2.73 |
1.85 |
1.72 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Maturities of Long term debt |
290.670 |
123.010 |
87.210 |
|
Net cash flows from (used in) operations |
894.440 |
1907.140 |
1683.530 |
|
Net cash flows from (used in) operating activities |
1123.920 |
1909.640 |
1768.240 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days [Sundry Debtors / Income *
365] |
80.39 |
34.32 |
26.92 |
|
|
|
|
|
|
Account Receivables Turnover [Income / Sunday Debtors] |
4.54 |
10.63 |
13.56 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
4.42 |
9.66 |
16.24 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.15 |
0.11 |
0.18 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.54 |
0.45 |
0.25 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.92 |
0.68 |
0.23 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
0.46 |
0.43 |
0.26 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
1.70 |
1.67 |
1.27 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
6.81 |
10.15 |
6.88 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
PAT to Sales ((PAT / Sales) * 100) |
% |
31.10 |
27.38 |
27.83 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
6.67 |
6.12 |
8.17 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
14.64 |
11.62 |
11.40 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current Assets / Current Liabilities) |
0.43 |
0.29 |
0.29 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
0.31 |
0.25 |
0.23 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.46 |
0.53 |
0.72 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
1.72 |
1.07 |
0.32 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets
/ Total Current Liabilities) |
0.43 |
0.29 |
0.29 |
Total Liability = Short-term Debt + Long-term
Debt + Current Maturities of Long-term debts
FINANCIAL ANALYSIS
[all figures are
INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Share Capital |
4005.000 |
4005.000 |
4005.000 |
|
Reserves & Surplus |
1624.370 |
2363.750 |
3456.170 |
|
Net
worth |
5629.370 |
6368.750 |
7461.170 |
|
|
|
|
|
|
Long-term borrowings |
425.960 |
2605.110 |
5138.760 |
|
Short term borrowings |
760.420 |
1571.100 |
1442.450 |
|
Current maturities of
long-term debts |
87.210 |
123.010 |
290.670 |
|
Total
borrowings |
1273.590 |
4299.220 |
6871.880 |
|
Debt/Equity
ratio |
0.226 |
0.675 |
0.921 |
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 |
2305.320 |
2701.990 |
3513.050 |
|
|
0.000 |
17.207 |
30.017 |
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 |
2305.320 |
2701.990 |
3513.050 |
|
Profit/ (Loss) |
641.620 |
739.860 |
1092.430 |
|
|
27.83
% |
27.38
% |
31.10
% |
LEGAL
CASE
|
Case Details |
|
Bench:-Bombay |
||
|
|
|
Presentation Date:- |
21/09/2017 |
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|
|
|||||||||
|
Lodging No.:- |
CARAPL/144/2017 |
Filing Date:- |
21/09/2017 |
Reg. No.:- |
CARAP/142/2017 |
Reg. Date:- |
29/09/2017 |
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|
|
Petitioner:- |
H.K. ENTERPRISES |
Respondent:- |
JSW JAIGARH PORT LIMITED AND ANOTHER SONA ALLOYS
PRIVATE LIMITED |
|
|
|
Petn.Adv.:- |
SULTANA V SONAWANE (I4278) |
Resp.Adv.:- |
M/S APEX LAW PARTNERS (7) |
|
|
District:- |
MUMBAI |
|
|
|
Bench:- |
SINGLE |
||||
|
Status:- |
Pre-Admission |
Category:- |
ARBITRATION APPLICATION U/S 11 OF ARBITRATION
AND CONCILIATION ACT, 1996 |
|
Next Date:- |
08/03/2018 |
Stage:- |
ARBAP FOR HEARING AND FINAL DISPOSAL U/S 11
OF ARB. ACT |
|
Coram:- |
HON'BLE SHRI JUSTICE S.J. KATHAWALLA |
|
Last Date:- |
19/01/2018 |
Stage:- |
ARBAP FOR HEARING AND FINAL DISPOSAL U/S 11
OF ARB. ACT |
|
Last Coram:- |
HON'BLE SHRI JUSTICE S.J. KATHAWALLA |
|
|
|
Act :- |
Arbitration and Conciliation Act 1996 |
Under Section:- |
11 |
ABRIDGED
BALANCE SHEET [CONSOLIDATED]
|
SOURCES OF FUNDS |
|
31.03.2016 |
31.03.2015 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
4005.000 |
4005.000 |
|
(b) Reserves and Surplus |
|
3453.680 |
2363.650 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
|
146.830 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
7605.510 |
6368.650 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
5138.760 |
2605.110 |
|
(b) Deferred tax liabilities (Net) |
|
372.260 |
0.000 |
|
(c) Other long-term
liabilities |
|
4.780 |
353.310 |
|
(d) long-term
provisions |
|
0.000 |
3.830 |
|
Total Non-current
Liabilities (3) |
|
5515.800 |
2962.250 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
|
1442.440 |
1571.100 |
|
(b) Trade
payables |
|
613.120 |
194.760 |
|
(c) Other
current liabilities |
|
1282.580 |
972.120 |
|
(d) Short-term
provisions |
|
69.700 |
14.940 |
|
Total Current
Liabilities (4) |
|
3407.840 |
2752.920 |
|
|
|
|
|
|
TOTAL |
|
16529.150 |
12083.820 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i)
Tangible assets |
|
9749.260 |
6620.240 |
|
(ii)
Intangible Assets |
|
9.380 |
14.960 |
|
(iii) Tangible assets
capital work-in-progress |
|
2931.510 |
3976.610 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
|
1952.140 |
616.340 |
|
(e) Other
Non-current assets |
|
52.080 |
57.400 |
|
Total Non-Current
Assets |
|
14694.370 |
11285.550 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
424.750 |
119.520 |
|
(c) Trade
receivables |
|
773.720 |
254.070 |
|
(d) Cash and
bank balances |
|
491.340 |
73.040 |
|
(e) Short-term
loans and advances |
|
87.950 |
301.540 |
|
(f) Other
current assets |
|
57.020 |
50.100 |
|
Total
Current Assets |
|
1834.780 |
798.270 |
|
|
|
|
|
|
TOTAL |
|
16529.150 |
12083.820 |
PROFIT
& LOSS ACCOUNT [CONSOLIDATED]
|
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
|
3513.050 |
2701.990 |
|
|
Other Income |
|
108.730 |
23.720 |
|
|
TOTAL |
|
3621.780 |
2725.710 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Employee benefit expense |
|
109.100 |
98.110 |
|
|
CSR expenditure |
|
14.560 |
12.130 |
|
|
Other expenses |
|
1622.720 |
1460.990 |
|
|
TOTAL |
|
1746.380 |
1571.230 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION
AND AMORTISATION |
|
1875.400 |
1154.480 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
275.450 |
113.820 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
1599.950 |
1040.660 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
|
462.120 |
293.920 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
|
1137.830 |
746.740 |
|
|
|
|
|
|
|
Less |
TAX |
|
49.170 |
6.980 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
|
1088.660 |
739.760 |
|
|
|
|
|
|
|
Add |
Minority
Interest |
|
1.370 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT
FOR THE YEAR |
|
1090.030 |
739.760 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
2.72 |
1.85 |
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 |
External Agency Rating, if available |
Yes |
|
32 |
Litigations that the firm/promoter
involved in |
Yes |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
PERFORMANCE
HIGHLIGHTS: [AS ON 31.03.2016]
The operating revenue and other income of the Company for fiscal 2016 was INR 3612.000 million as against INR 2,726 million for fiscal 2015 an increase of 32.52% The EBIDTA increased by 62.51% from INR 1154.000 million in fiscal 2015 to INR 1876.000 million in fiscal 2016.
Profit for the year increased by 47.66% from INR 740.000 million in fiscal 2015 to INR 1092.000 million in fiscal 2016. The net worth of The Company increased to INR 7461.000 million at the end of fiscal 2016 from INR 6369.000 million at the end of fiscal.
OPERATIONS [AS
ON 31.03.2016]
The Company continues to be engaged in the activities pertaining to Port Services and it has two berths to handle 15 million tonnes of bulk cargo. There was no change in nature of the business of the Company, during the year.
Jaigarh port is getting ready for giant leap to handle 65 MTPA of cargo and is aiming for direct berthing of next generation vessels i.e. Largest Dry carrier (Vale Max), LNG carrier (Q Max), Largest Container vessels (EEE Series), and very large crude carriers. In the next phase of development, Jaigarh port is initiating development of LNG berth and Ro-Ro facilities.
Considering the future growth of demand for group cargo and third party cargo, the company is planning to develop a container terminal and petroleum and liquid terminal at Jaigarh port. Company is expected to complete construction of Berth 3A, 3B, B-2 and berth for handymax, Material handling behind berth 1 and 2 and reclamation bund for liquid terminal in near future. Also company is constructing covered warehouse for storage of agriculture/bagged cargoes.
A Jaigarh Digni Rail Limited (SPV) has been formed and the project is Maharashtra. Jaigarh port would be connected to the Indian railway.
The Ministry of Shipping has identified Jaigarh port in the formation of Coastal economic region in the visionary Sagar Mala project on the west is poised to drive economic development of the region.
View above and in line with the master plan, The company is further developing five more berths and has ambitious expansion plans to raise the from 15 MTPA to 65 MTPA by 2018.
UNSECURED LOAN
|
Particulars |
31.03.2016 INR In Million |
31.03.2015 INR In Million |
|
LONG-TERM
BORROWINGS |
|
|
|
Rupee term loans from banks |
312.500 |
496.880 |
|
Short-term
borrowings |
|
|
|
Rupee term loans from banks |
0.000 |
900.000 |
|
Loans and advances from related parties |
550.000 |
450.000 |
|
Other loans and advances |
704.020 |
122.570 |
|
Total |
1566.520 |
1969.450 |
INDEX OF CHARGE:
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
G01251057 |
100018853 |
AXIS TRUSTEE SERVICES LIMITED |
16/03/2016 |
- |
- |
450000000.0 |
AXIS HOUSE, 2ND FLOOR, BOMBAY DYEING MILLS COMPOUND, PANDURANG BUDHKAR MARG, WORLI, MUMBAI – 400025, MAHARASHTRA, INDIA |
|
2 |
G01274620 |
100018951 |
AXIS TRUSTEE SERVICES LIMITED |
16/03/2016 |
- |
- |
650000000.0 |
AXIS HOUSE, 2ND FLOOR, BOMBAY DYEING MILLS COMPOUND, PANDURANG BUDHKAR MARG, WORLI, MUMBAI – 400025, MAHARASHTRA, INDIA |
|
3 |
G35114248 |
10615343 |
AXIS TRUSTEE SERVICES LIMITED |
29/12/2015 |
11/01/2017 |
- |
16150000000.0 |
AXIS HOUSE, BOMBAY DYEING MILLS COMPOUND, PANDHURANG BUDHKAR MARG, WORLI, MUMBAI – 400025, MAHARASHTRA, INDIA |
|
4 |
C38153938 |
10538769 |
YES BANK LIMITED |
02/12/2014 |
- |
- |
3250000000.0 |
NEHRU CENTRE 9TH FLOOR DISCOVERY OF INDIA, DR A B ROAD WORLI, MUMBAI – 400018, MAHARASHTRA, INDIA |
|
5 |
B75184622 |
10425869 |
PUNJAB NATIONAL BANK |
17/04/2013 |
- |
- |
300000000.0 |
LARGE CORPORATE BRANCE MAKERS TOWER ECUFFE PARADE, MUMBAI – 400005, MAHARASHTRA, INDIA |
|
6 |
A69580207 |
10176793 |
AXIS BANK LIMITED |
12/08/2009 |
- |
- |
350000000.0 |
CREDIT MANAGEMENT CENTER AT UNIT NO 6CORPOARTE PARK, SION TROMBAY ROAD CHEMBUR, MUMBAI – 400071, MAHARASHTRA, INDIA |
|
7 |
G00900670 |
10111693 |
PUNJAB NATIONAL BANK |
24/06/2008 |
20/06/2015 |
16/03/2016 |
650000000.0 |
LARGE CORPORATE BRANCH MAKER TOWER ECUFFE PARADE, MUMBAI – 400005, MAHARASHTRA, INDIA |
FIXED ASSETS:
Tangible Assets
- Land
- Factory Building
- Factory Equipments
- Furniture and fixtures
- Motor vehicles
- Office equipment
WEBSITE DETAILS
PRESS RELEASE/ NEWS:
JSW TO DEVELOP 34-KM RAIL LINK TO CONNECT ITS JAIGARH PORT
June 28, 2015
MUMBAI: The JSW Group today signed a 30-year concession agreement with the Konkan Railway to build a 34-km, INR 7710.000 million rail link to connect its Jaigarh port on the Konkan coast.
The group said it's looking at INR 5000.000 million income from its ports
operations this fiscal and 200 million tonnes of cargo capacity by 2020.
"We expect to clock INR 5000.000 million in operational revenue this
fiscal, up from INR 3500.000 million last fiscal our three ports. Also, we have
an ambitious plan to have 200 million tonnes of cargo capacity at ports by
2020," JSW Group chairman and managing director Sajjan Jindal said
here.
To achieve the ambitious cargo capacity, Jindal said the company is open to acquisitions and is keenly looking at the east coast for the same since it has good presence on the west coast.
The rail link will connect JSW Jaigarh port with the upcoming Digni station through
a greenfield 33.7-km railway corridor. Of the total length, as much as 18 km
will have tunnels, Jindal said, adding that the railhead is expected to carry
12 mt of cargo per annum on completing 30 months from now.
The PPP project will be implemented by JSW Infrastructure, an arm of the JSW Group, which will hold 63 per cent, Konkan Railway 26 per cent and the Maharashtra Maritime Board the remaining 11 percent, said JSW Infrastructure joint MD and chief executive BVJK Sharma.
The agreement was signed in the presence of the Railway Minister Suresh Prabhu and Maharashtra Chief Minister Devendra Fadnavis.
Prabhu said this is the first PPP project since the railway budget was
presented in February and expressed hope that more states would come forward
with such projects to develop rail infrastructure.
JSW won the contract following a competitive bidding and the agreement is to
build, operate and maintain the railhead for 30 years.
Out of the estimated INR 7710.000 million investment, INR 1910.000 million will be equity and the rest
will be debt, Sharma said. With a 20-metre natural draft, Jindal said the
Jaigarh port has the deepest draft in the country and therefore, has tremendous
potential as it's an all-weather deepwater port.
Plus, booming industrial activities in western Maharashtra will feed to the
profitability of both the port as well as the upcoming railhead.
HIRANANDANI ENERGY
STARTS CONSTRUCTION WORK OF JETTY AT JAIGARH PORT
February 27, 2017
MUMBAI: Hiranandani Energy, the energy arm of Hiranandani
Group, today said it has commenced the construction work of jetty for the
floating storage and regasification unit (FSRU) project at the Jaigarh port
in Maharashtra.
The company is developing a FSRU-based LNG re-gasification terminal with JSW
Jaigarh Port with a capacity of 4 MMTPA, which will ultimately be expanded to 8
MMTPA.
"We are committed to deliver a commercially viable and environmentally friendly solution to the country. The commencement of the jetty construction work at Jaigarh Port is a major step in the development of the LNG re-gasification project," H-Energy CEO Darshan Hiranandani said.
He said the strategic partnership and association with JSW is a perfect fit in
the development of infrastructure for importing much needed natural
gas into the country.
"The FSRU charter agreement will be the last major milestone in the
project. We have 3 shortlisted bidders and are hopeful to finalise this
soon," Hiranandani said.
"We hope to commence commercial operations of the LNG facilities before
December 2018," he added.
Once operational, this will be the fifth LNG import terminal on the west coast. The west coast already has four LNG import terminals including: Dahej and Hazira in Gujarat; Dabhol in Maharashtra and Kochi in Kerala. Jaigarh also houses the 5 million tones Dabhol LNG terminal operated by gas utility Gail IndiaBSE -1.57 %.
In addition to building the marine infrastructure in the port of Jaigarh to import and re-gasify the LNG, the project scope also includes construction of gas pipeline of around 60 km in length connecting the Jaigarh terminal to the existing natural gas pipeline network at Dabhol, the company said.
According to the agreement, Jaigarh Port shall manage the construction of the
jetty civil works and has appointed L&T Infrastructure Engineering Limited,
Chennai for jetty design.
The civil construction works of the LNG jetty has been
awarded to ITD CementationBSE 0.69 %, Mumbai. H-Energy and Jaigarh Port have
jointly appointed COWI India Private Limited, Chennai to supervise the jetty
construction.
"Connected to the terminal, H-Energy's Jaigarh - Mangalore pipeline
development is also making substantial progress on its regulatory approvals and
route surveys. It will be a lifeline to the Konkan region and Coastal Karnataka
for the provision of natural gas to industry and homes," Hiranandani
added.
H-Energy through its gas marketing company is negotiating
medium and short term LNG sourcing and downstream gas supply contracts providing
end-to-end gas solutions to the downstream customers.
JSW GROUP TO INVEST
INR 70000.000 Million MORE IN PORTS SECTOR BY 2020
March 25, 2017
JAIGAD: Industrialist Sajjan Jindal today said his JSW Group will invest INR 70000.000 million more in the ports sector over next three years to create assets in the country as well as abroad.
The company is also looking at diluting up to 15 per cent stake in the ports
operating company, JSW Infrastructure, to a private equity player soon, and
take it public by 2019.
"We will be investing INR 90000.000 million more in the
ports sector till 2020 (including the INR 20000.000 million already
invested)," he told reporters at JSW Infrastructure-run flagship port here
in Ratnagiri district.
The company has already invested INR 20000.000 million in the project at Jaigad
and the overall investment plan for the company includes INR 20000.000 million
for capacity expansion here, Jindal added.
Of the remaining INR 50000.000 million of investments (excluding the INR 40000.000 million in Jaigad), Jindal said the company is looking at putting up four berths in Paradip that will have a 50 mtpa capacity and a greenfield project in Fujairah in the UAE.
The INR 40000.000 million Jaigad Port project has a capacity of 40 million
tonnes per annum now, which will be doubled by 2020 and raised further to 125
mtpa by 2025, he said.
At the company level, total capacity target is 200 mtpa by 2020, Jindal said, adding the port now handles dry bulk cargo but has plans to enter container handling.
One of the biggest opportunities that the port is eyeing is the proposed public
sector mega refinery by IOC- HPCL-BPCL in the Konkan belt of Maharashtra, even
though the exact location is not finalised yet.
Jindal said establishing rail connectivity between Chiplun and Karad on the
Deccan Plateau being carried out by the government now will enhance the port's
addressable hinterland.
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 65.05 |
|
|
1 |
INR 80.03 |
|
Euro |
1 |
INR 89.70 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
GEET |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
YES |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.