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MIRA INFORM REPORT
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Report No. : |
506427 |
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Report Date : |
04.05.2018 |
IDENTIFICATION DETAILS
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Name : |
KRISHNAPATNAM PORT COMPANY LIMITED |
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Registered
Office : |
1st Floor,
48-9-17, Dwarakanagar, Visakhapatnam - 530016, Andhra Pradesh |
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Tel. No.: |
91-891-2754602 |
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Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of
Incorporation : |
15.03.1996 |
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Com. Reg. No.: |
01-023529 |
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Capital
Investment / Paid-up Capital : |
INR 885.762 Million |
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CIN No.: [Company Identification
No.] |
U45203AP1996PLC023529 |
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IEC No.: [Import-Export Code No.] |
0906018803 |
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GSTIN : [Goods & Service Tax Registration No.] |
37AAACK8657J1Z1 |
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TIN No : |
37210111511 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AAACK8657J |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
The Company is primarily engaged in the business of developing,
operating and maintaining the Krishnapatnam Port and related infrastructure
facilities. (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)
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MIRA’s Rating : |
A+ |
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Credit Rating |
Explanation |
Rating Comments |
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A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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Maximum Credit Limit : |
USD 175960000 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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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.
|
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
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Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
India |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
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Rating |
Long Term Rating = A |
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Rating Explanation |
Adequate degree of safety and low credit risk. |
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Date |
16.04.2018 |
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Rating Agency Name |
CARE |
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Rating |
Short Term Rating = A1 |
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Rating Explanation |
Very strong degree of safety and carry lowest credit risk. |
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Date |
16.04.2018 |
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
31-03-2018.
BIFR (Board for Industrial & Financial Reconstruction) LISTING
STATUS
Subject’s name is not listed as a Sick Unit in
the publicly available BIFR (Board for Industrial & Financial
Reconstruction) list as of 04.05.2018
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 DECLINED
Management non-cooperative (Tel No.: 91-891-2754602/ 2747335)
LOCATIONS
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Registered Office : |
1st Floor, 48-9-17, Dwarakanagar, Visakhapatnam - 530016, Andhra Pradesh, India |
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Tel. No.: |
91-891-2754602/ 2747335/ 2748084 |
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Fax No.: |
91-891-2747362 |
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E-Mail : |
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Website : |
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Corporate Office : |
Plot No. 379, Road No. 10, Jubilee Hills, Hyderabad - 500033, Telangana, India |
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Tel. No.: |
91-40-23339992 |
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Fax No.: |
91-40-23557789 |
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Krishnapatnam Port
Office: |
P.O. Bag No. 1, Muthukur, District: Nellore - 524344, Andhra Pradesh, India |
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Tel. No.: |
91-861-2377999 |
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Fax No.: |
91-861-2377046 |
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Regional Marketing
Office : |
Located at: · Bengaluru · Chennai · Delhi · Guntur · Hyderabad · Kolkata · Mumbai · Visakhapatnam · Singapore |
DIRECTORS
As on 31.03.2018
|
Name : |
Mr. Chinta Visweswara Rao |
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Designation : |
Whole-time Director |
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Address : |
Plot No.550, Road No.92, Jubilee Hills, Phase-III Hyderabad – 500034, Telangana, India |
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Date of Birth/Age : |
09.06.1947 |
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Qualification: |
SSLC |
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Date of Appointment : |
01.10.2014 |
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PAN No: |
ADAPC0804H |
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DIN No.: |
00009262 |
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Other Directorship:
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Name : |
Mr. Chinta Sasidhar |
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Designation : |
Director |
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Address : |
Plot No. 550, A/1, Road No.92, Jubilee Hills, Phase-III, Hyderabad – 500034, Telangana, India |
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Date of Birth/Age : |
29.01.1972 |
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Qualification: |
B.E. (Civil), MS (Management) from UK |
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Date of Appointment : |
01.04.2006 |
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PAN No: |
ABXPC6799E |
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DIN No.: |
00009300 |
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Other Directorship:
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Name : |
Mr. Venkateswararao Rayala |
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Designation : |
Director |
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Address : |
9-15-7, C.B.M. Compound Area, 7, 9, Visakhapatnam – 530013, Andhra Pradesh, India |
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Date of Birth/Age : |
10.04.1943 |
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Qualification: |
LCE |
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Date of Appointment : |
04.01.2007 |
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PAN No: |
ABRPR8153R |
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DIN No.: |
00157063 |
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Other Directorship:
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Name : |
Mr. Chinta Sridhar |
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Designation : |
Director |
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Address : |
Plot No.854/B, Road No.44, Jubilee Hills, Hyderabad - 500033, Telangana, India |
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Date of Birth/Age : |
11.08.1969 |
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Qualification: |
B.E. (Mechanical) |
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Date of Appointment : |
26.04.2006 |
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PAN No: |
AAKPC5369G |
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DIN No.: |
01176220 |
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Other Directorship:
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Name : |
Mr. Sundareshan Sthanunathan |
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Designation : |
Director |
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Address : |
6-E, Hudco Place, New Delhi – 110049, India |
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Date of Birth/Age : |
28.10.1952 |
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Qualification: |
MBA |
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Date of Appointment : |
01.10.2014 |
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DIN No.: |
01675195 |
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Other Directorship:
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Name : |
Ms. Padma Raju Chandalada |
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Designation : |
Director |
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Address : |
9-2-2, C. Street, Samalkot - 533440, Andhra Pradesh, India |
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Date of Birth/Age : |
27.06.1953 |
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Qualification: |
MBA |
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Date of Appointment : |
04.01.2007 |
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PAN No: |
AAZPC9523B |
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DIN No.: |
02195436 |
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Other Directorship:
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Name : |
Mr. Anil Kumar Yendluri |
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Designation : |
Whole-time Director |
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Address : |
C/O P Seetha Ramaiah, D.No.8-2-293/K-26, Plot No.26, Phase-3, Kamalapuri Colony, Hyderabad – 500073, Telangana, India |
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Date of Birth/Age : |
23.08.1964 |
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Qualification: |
PG (Science), MBA, LLB |
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Date of Appointment : |
01.03.2013 |
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PAN No: |
AAFPY8698D |
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DIN No.: |
02898938 |
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Other Directorship:
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Name : |
Mrs. Sarala Chinta |
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Designation : |
Director |
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Address : |
Plot No. 674, Vivekananda Nagar, Kukatpally Hyderabad – 500072, Telangana, India |
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Date of Birth/Age : |
27.06.1953 |
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Qualification: |
Graduate in Political Science |
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Date of Appointment : |
31.03.2015 |
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PAN No: |
AGKPC0997J |
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DIN No.: |
07141211 |
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KEY EXECUTIVES
|
Name : |
Mr. Shyam Lal Jagetiya |
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Designation : |
Chief Financial Officer |
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Address : |
606 Varuna Block Myhoem Navadheepa Madhapur, Near Cyber Tower, Hyderabad - 500081, Telangana, India |
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Date of Birth/Age : |
07.06.1972 |
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Qualification: |
Chartered Accountant |
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Date of Appointment : |
24.09.2014 |
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PAN No: |
AADPJ5075D |
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|
|
|
Name : |
Mr. Nitin Kumar |
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Designation : |
Company Secretary |
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Address : |
H. No 230, Lal Bazar, Trimulgherry, Secunderabad - 500015, Telangana, India |
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Date of Birth/Age : |
09.11.1985 |
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Qualification: |
CS,LLB |
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Date of Appointment : |
02.04.2012 |
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PAN No: |
AUYPM9437D |
MAJOR SHAREHOLDERS
As on 31.03.2017
|
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 |
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CVR Investments |
|
3975000 |
|
Hitech Infra Limited |
|
750000 |
|
Total |
|
88576159 |
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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 30.09.2017
|
Category |
Percentage |
|
Promoters (Individual/Hindu Undivided Family - Indian) |
4.59 |
|
Promoters (Body corporate) |
67.66 |
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Public/Other than promoters (Body corporate) |
27.75 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The Company is primarily engaged in the business of developing,
operating and maintaining the Krishnapatnam Port and related infrastructure facilities.
(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 Available |
PRODUCTION STATUS (NOT AVAILABLE)
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 : |
C Venkat Krishna and Company Chartered Accountants |
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Address : |
42, 4th Floor, Owners Pride, Plot No. 1717, Road No. 12, Banjara Hills, Hyderabad, India |
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Income-tax
PAN of auditor or auditor's firm : |
AABFC2051L |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Subsidiaries : |
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|
Associate
Companies |
|
|
|
|
|
Enterprises
owned / controlled or significantly
influenced by KMP or their Relatives |
|
CAPITAL STRUCTURE
As on 30.09.2017
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 |
As on 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
89250000 |
Equity Shares |
INR 10/- each |
INR 892.500 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
88576159 |
Equity Shares |
INR 10/- each |
INR 885.762
Million |
FINANCIAL DATA
[all figures are
INR Million]
ABRIDGED
BALANCE SHEET [STANDALONE]
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
885.762 |
885.762 |
7685.900 |
|
(b) Reserves & Surplus |
20491.109 |
19576.572 |
12311.212 |
|
(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 |
21376.871 |
20462.334 |
19997.112 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
56399.916 |
58915.022 |
58098.770 |
|
(b) Deferred tax liabilities (Net) |
3198.874 |
2820.905 |
4145.253 |
|
(c) Other long term
liabilities |
1930.537 |
1309.008 |
1894.065 |
|
(d) long-term
provisions |
57.457 |
85.552 |
76.378 |
|
Total Non-current
Liabilities |
61586.784 |
63130.487 |
64214.466 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
2946.406 |
2871.396 |
1425.013 |
|
(b) Trade
payables |
2555.312 |
2040.721 |
1847.632 |
|
(c) Other
current liabilities |
6362.895 |
4250.828 |
1851.427 |
|
(d) Short-term
provisions |
312.506 |
142.172 |
263.293 |
|
Total Current
Liabilities |
12177.119 |
9305.117 |
5387.365 |
|
|
|
|
|
|
TOTAL |
95140.774 |
92897.938 |
89598.943 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
61394.167 |
63704.424 |
64185.269 |
|
(ii)
Intangible Assets |
63.823 |
59.451 |
0.000 |
|
(iii)
Capital work-in-progress |
11864.821 |
12443.730 |
11907.017 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
3631.155 |
3432.170 |
3356.680 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
2453.164 |
|
(e) Other
Non-current assets |
2686.296 |
2573.786 |
0.000 |
|
Total Non-Current
Assets |
79640.262 |
82213.561 |
81902.130 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
68.504 |
79.261 |
35.210 |
|
(c) Trade
receivables |
6789.692 |
4274.603 |
3598.452 |
|
(d) Cash
and cash equivalents |
175.416 |
916.156 |
500.020 |
|
(e)
Short-term loans and advances |
3105.836 |
2298.576 |
1045.628 |
|
(f) Other
current assets |
5361.064 |
3115.781 |
2517.503 |
|
Total
Current Assets |
15500.512 |
10684.377 |
7696.813 |
|
|
|
|
|
|
TOTAL |
95140.774 |
92897.938 |
89598.943 |
PROFIT
& LOSS ACCOUNT [STANDALONE]
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
17551.596 |
17697.376 |
18403.045 |
|
|
Other Income |
109.706 |
43.616 |
233.524 |
|
|
TOTAL |
17661.302 |
17740.992 |
18636.569 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
6452.168 |
6437.343 |
5989.466 |
|
|
Employees benefits expense |
566.167 |
550.043 |
591.394 |
|
|
Other expenses |
974.863 |
981.324 |
1804.914 |
|
|
TOTAL |
7993.198 |
7968.710 |
8385.774 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
9668.104 |
9772.282 |
10250.795 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
6039.118 |
6946.909 |
6993.804 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
3628.986 |
2825.373 |
3256.991 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
2223.410 |
2202.251 |
2017.038 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
1405.576 |
623.122 |
1239.953 |
|
|
|
|
|
|
|
Less |
TAX |
671.227 |
69.207 |
298.936 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
734.349 |
553.915 |
941.017 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Components and Stores parts |
43.750 |
177.657 |
169.567 |
|
|
Capital Goods |
82.160 |
288.173 |
8.932 |
|
|
TOTAL
IMPORTS |
125.910 |
465.830 |
8.932 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (INR) |
8.290 |
6.250 |
1.220 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
5792.904 |
2707.723 |
907.489 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
4504.169 |
5969.033 |
7094.422 |
|
Net cash flows from (used in) operating activity |
4364.423 |
5709.134 |
6834.522 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
141.20 |
88.16 |
71.37 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
2.59 |
4.14 |
5.11 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
144.55 |
115.71 |
112.60 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
141.13 |
123.29 |
291.13 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.13 |
0.13 |
0.13 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.78 |
0.76 |
0.72 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
3.05 |
3.15 |
3.02 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
0.57 |
0.45 |
0.27 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
3.43 |
3.72 |
3.81 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
1.60 |
1.41 |
1.47 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
4.18 |
3.13 |
5.11 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
0.77 |
0.60 |
1.05 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
3.44 |
2.71 |
4.71 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.27 |
1.15 |
1.43 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
1.27 |
1.14 |
1.42 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.22 |
0.22 |
0.22 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
73.54 |
72.81 |
7.86 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.27 |
1.15 |
1.43 |
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 |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
(INR
in Million) |
(INR
in Million) |
(INR
in Million) |
|
Share Capital |
7685.900 |
885.762 |
885.762 |
|
Reserves & Surplus |
12311.212 |
19576.572 |
20491.109 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
19997.112 |
20462.334 |
21376.871 |
|
|
|
|
|
|
long-term borrowings |
58098.770 |
58915.022 |
56399.916 |
|
Short term borrowings |
1425.013 |
2871.396 |
2946.406 |
|
Current maturities of
long-term debts |
907.489 |
2707.723 |
5792.904 |
|
Total
borrowings |
60431.272 |
64494.141 |
65139.226 |
|
Debt/Equity
ratio |
3.022 |
3.152 |
3.047 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
(INR
in Million) |
(INR
in Million) |
(INR
in Million) |
|
Sales |
18403.045 |
17697.376 |
17551.596 |
|
|
|
(3.835) |
(0.824) |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
(INR
in Million) |
(INR
in Million) |
(INR
in Million) |
|
Sales |
18403.045 |
17697.376 |
17551.596 |
|
Profit |
941.017 |
553.915 |
734.349 |
|
|
5.11% |
3.13% |
4.18% |
ABRIDGED
BALANCE SHEET (CONSOLIDATED)
|
SOURCES
OF FUNDS |
|
31.03.2017 |
31.03.2016 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
885.762 |
885.762 |
|
(b) Reserves & Surplus |
|
20294.501 |
19489.917 |
|
(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) |
|
21180.263 |
20375.679 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
56399.916 |
58915.022 |
|
(b) Deferred tax liabilities
(Net) |
|
3197.986 |
2820.365 |
|
(c) Other long term
liabilities |
|
1930.537 |
1276.497 |
|
(d) long-term provisions |
|
61.320 |
88.233 |
|
Total
Non-current Liabilities (3) |
|
61589.759 |
63100.117 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
2946.406 |
2871.396 |
|
(b) Trade payables |
|
2600.125 |
2077.393 |
|
(c) Other current liabilities |
|
6377.389 |
4261.501 |
|
(d) Short-term provisions |
|
316.297 |
157.619 |
|
Total
Current Liabilities (4) |
|
12240.217 |
9367.909 |
|
|
|
|
|
|
TOTAL |
|
95010.239 |
92843.705 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
61394.167 |
63704.424 |
|
(ii) Intangible Assets |
|
64.156 |
59.451 |
|
(iii) Capital work-in-progress |
|
11864.821 |
12444.230 |
|
(iv) Intangible assets under
development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
3400.035 |
3316.499 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
0.000 |
0.000 |
|
(e) Other Non-current assets |
|
2706.385 |
2592.672 |
|
Total
Non-Current Assets |
|
79429.564 |
82117.276 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
68.504 |
79.261 |
|
(c) Trade receivables |
|
6854.842 |
4302.017 |
|
(d) Cash and cash equivalents |
|
179.222 |
921.041 |
|
(e) Short-term loans and
advances |
|
3106.665 |
2299.195 |
|
(f) Other current assets |
|
5371.442 |
3124.915 |
|
Total
Current Assets |
|
15580.675 |
10726.429 |
|
|
|
|
|
|
TOTAL |
|
95010.239 |
92843.705 |
PROFIT
& LOSS ACCOUNT (CONSOLIDATED)
|
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
|
SALES |
|
|
|
|
|
Income |
|
17954.017 |
17907.915 |
|
|
Other Income |
|
109.706 |
46.390 |
|
|
TOTAL
|
|
18063.723 |
17954.305 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
|
6674.461 |
6476.667 |
|
|
Employees benefits expense |
|
631.383 |
621.130 |
|
|
Other expenses |
|
1079.675 |
1044.294 |
|
|
Share of profit/ loss of
associates |
|
115.449 |
77.307 |
|
|
TOTAL |
|
8500.968 |
8219.398 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
|
9562.755 |
9734.907 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
6039.118 |
6946.909 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
3523.637 |
2787.998 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
|
2223.577 |
2202.251 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
|
1300.060 |
585.747 |
|
|
|
|
|
|
|
Less |
TAX |
|
675.589 |
82.804 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
|
624.471 |
502.943 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (INR) |
|
7.050 |
5.680 |
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 |
Yes |
|
5] |
Buyer visit details |
-- |
|
6] |
Contact numbers |
Yes |
|
7] |
Name of the person contacted |
No |
|
8] |
Designation of contact person |
No |
|
9] |
Promoter’s background |
Yes |
|
10] |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11] |
Pan Card No. of Proprietor / Partners |
No |
|
12] |
Voter Id Card No. of Proprietor / Partners |
No |
|
13] |
Type of business |
Yes |
|
14] |
Line of Business |
Yes |
|
15] |
Export/import details (if applicable) |
No |
|
16] |
No. of employees |
No |
|
17] |
Details of sister concerns |
Yes |
|
18] |
Major suppliers |
No |
|
19] |
Major customers |
No |
|
20] |
Banking Details |
Yes |
|
21] |
Banking facility details |
No |
|
22] |
Conduct of the banking account |
-- |
|
23] |
Financials, if provided |
Yes |
|
24] |
Capital in the business |
Yes |
|
25] |
Last accounts filed at ROC, if applicable |
Yes |
|
26] |
Turnover of firm for last 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 |
-- |
|
33] |
Market information |
-- |
|
34] |
Payments terms |
No |
|
35] |
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
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.
INDEX
OF CHARGES
CONTINGENT
LIABILITIES:
(INR
in Million)
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
|
Guarantees/LCs issued by the banks on behalf of the company |
399.281 |
351.540 |
|
Claims against the company pending in appellate authorities, courts/Tribunals |
1416.275 |
1487.823 |
|
Guarantees given to banks on behalf of associate companies |
387.000 |
2387.000 |
PRESS RELEASE
Krishnapatnam Port's cargo handling up 25% in FY18
Krishnapatnam Port Company Limited (KPCL) aims to handle 55 million tonnes of cargo during the current fiscal as against 45 million tonnes last year, a top executive of the port said here today.
The port is expected to handle about seven lakh containers (TEU) in the current year, KPCL Director and CEO, Anil Yendluri said at a press conference.
It handled over 4.81 lakh containers (TUE) last year, he added.
"KPCL handled 45 Million Metric Tonne(MMT) of cargo in 2017-18 thus, achieving a 25 per cent growth over 36.10 MMT handled in the previous fiscal," he said.
The company witnessed a record 88 per cent rise in the number of containers it handled at 4,81,408 TEUs in FY 18 against 2,55,439 TEUs during the previous fiscal, Yendluri said adding total bulk cargo handled by the port stood at 37 MMT.
"This year we are looking at looking at 700,000 containers (TUE) through our container terminal and cargo we are looking 55 million tonnes," he said.
Coal, iron ore and granite dominated the cargo portfolio handled at Krishnapatnam Port.
The port has planned a total investment of USD 3 billion of which USD 1.23 billion (INR 80000.000 Million) has already been invested for development till date with second phase of expansion underway.
Once the second phase is completed the overall cargo capacity would go up to 100 million tonnes, he said.
The number of vessels visiting the Port rose by 22 per cent to 1,290 vessel calls in 2017-18 as against 1,061 vessels registered during the same period, in FY 17, he added.
Krishnapatnam Port Container Terminal, Director, Vinita Venkatesh, said the cargo spurt resulted partly from the growth of transshipment volumes at KPCT Indian container ship operators like Shreyas Shipping provided transshipment feeder services from KPCT to Kolkata, Haldia, Vizag and Paradeep.
Further to provide higher cost benefits to importers and exporters the port is offering door-to-door cargo logistics under its new service 'Ocean2Door' and the service will soon offer online cargo bookings too, she said.
Replying to a query, Yendluri said the company is planning to set up a pharma city in 1,000 acres near the port.
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,
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 66.60 |
|
|
1 |
INR 90.60 |
|
Euro |
1 |
INR 79.86 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYT |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
TRUP |
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)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.