HAZIRA CARGO TERMINALS LIMITED UNLISTED SHARE
ABOUT HAZIRA CARGO TERMINALS LIMITED
HAZIRA CARGO TERMINALS LIMITED is a part of ESSAR PORTS LIMITED. The Hazira Port Terminal is located in Gujarat. It is an all-weather, deep-draft port terminal. It is capable of handling dry bulk, liquid, and breakbulk cargo.
The Hazira Cargo Terminal Limited is located on the mouth of Tapi Estuary along the western side of Hazira Peninsula in the Gulf of Khambhat, under Magdalla Port of Gujarat Maritime Board (GMB).
The Hazira Cargo Terminals Limited is currently operating 5 berths with a total quay length of 1450m with operational draft ranging from 12m to 14m. The main navigation channel is 7 km long marked with beacons and buoys having a depth of 12m below CD with a width of 300m and a turning radius of 600m.
The services provided by the Hazira Cargo terminal include Bulk Cargo Handling Services, Break Bulk Cargo Handling, Vessel Handling Services, Towage, Radio Frequency Information, and agency services.
INCORPORATION DETAILS
CIN | U61100GJ1993PLC019238 |
Registration Date | 2nd April 1993 |
Category/Sub-category of the Company | Public Company Limited by Shares |
Address of the Registered office and contact details | Salaya Administrative Building, 44 KM, P. O. Box 7, Taluka Khambaliya, District Dev Bhoomi Dwarka Jamnagar, Gujarat 361305, India Tel: +91 2833 664440 e-mail: epl.secretarial@essarport.co.in |
Name, Address, and Contact Details of Registrar and Transfer Agent, if any | Data Software Research Company Pvt. Ltd. 19, Pycrofts Garden Road, Off Haddows Road, Nungambakkam Chennai 600 006 Phone : +91 44 2821 3738, 2821 4487 E-mail: essar.ports@dsrc-cid.in |
PRINCIPAL BUSINESS ACTIVITIES OF THE COMPANY
Name and Description of main products/services | NIC Code of the product/service | % to total turnover of the Company |
Service activities incidental to water transportation (Fleet operating and chartering earnings) | 52220 | 100% |
BOARD OF DIRECTORS
Shri Rajiv Agarwal (Non-Executive Director)
Capt. Subhas Das (MD & CEO)
Shri P. K. Srivastava (Independent Director)
Capt. B. S. Kumar (Independent Director)
Dr. Jose Paul (Independent Director)
Shri Rakesh Kankanala (Non-Executive Director)
Shri Nikhil Naik (Nominee Director)
Shri Sanjeev Taneja (Non- Executive Director)
PARTICULAR OF SUBSIDIARY COMPANIES
Name of the Company | % of shares held |
Essar Bulk Terminal Limited | 74% |
HAZIRA CARGO TERMINALS LIMITED SHARE DETAILS
Total Available Shares: | 6,42,38,440 |
Face Value: | Rs. 10 Per Equity Share |
ISIN: | INE419V01010 |
PAN No. | |
Lot Size: | 50 |
Last Traded Price: | Rs. 10 |
Market Cap: | RS. 64.24 Crore |
SHAREHOLDING PATTERN
(As on 31-03-2020)
S. No. | Shareholder’s Name | Number of shares | % of total Shares of the company |
1 | Ibrox Aviation And Trading Private Limited | 2,34,98,854 | 36.58% |
2 | Essar Ports & Terminals Limited | 3,92,54,662 | 61.11% |
3 | Public Shareholding | 14,84,924 | 2.30% |
| Total | 6,42,38,440 | 100.00% |
INDUSTRY OUTLOOK
The global health and economic crisis triggered by the COVID-19 pandemic has upended the landscape for maritime transport and trade and significantly affected growth prospects. Impact on the maritime industry has come across various segments, right from cargo volumes, freight rates, shipbuilding, ship scrapping, and other associated segments.
According to the global transport sector experts, maritime trade already lost momentum in 2019 and came under pressure in 2020. At the end of the year 2020, UNCTAD projected that the volume of international maritime trade would fall by 4.1% in FY 2020. Amid supply-chain disruptions, demand contractions, and global economic uncertainty caused by the pandemic, the global economy was severely affected by a twin supply and demand shock. The maritime sector reached its weakest level since the onset of the global financial crisis in 2008–09, which had a cascading impact on global port volume.
According to the Ministry of Shipping, approximately 95% of the country’s trade by volume and 70% by value moves through maritime transport, which clearly highlights the importance of ports and their contribution to supporting and accelerating the growth and development of the Indian economy. In sync with the overall weak growth in EXIM trade, the port volumes in India have not seen robust growth. Despite the good potential to bolster cargo volumes, Indian ports have not seen remarkable growth in recent years.
In FY 2020-21, the total consolidated ports volume handled by Pan-Indian ports was around 1247 MMT, thus revealing a contraction of -5.4% from FY 2019-20 volumes. According to Indian Ports Association (IPA) in FY 2020-21, the consolidated cargo volumes handled by Indian major ports were 673 MMT, registering a 4.6% degrowth in cargo volumes compared to FY 2019-20.
PROFIT & LOSS STATEMENT OF HAZIRA CARGO TERMINALS LIMITED (In Rs. Lakhs)
PARTICULARS | 2020 | 2019 | 2018 |
Revenue from Operations | 1,21,004.58 | 1,16,187.85 | 1,00,737.93 |
EBITDA | 73,539.86 | 80,273.32 | 71,600.55 |
EBITDA margins | 60.77% | 69.09% | 71.08% |
Depreciation | 17,410.54 | 14,036.30 | 13,733.40 |
Finance Cost | 25,455.22 | 26,353.01 | 25,386.26 |
Other Income | 3,940.10 | 1,939.96 | 1,697.28 |
Profit/Loss before Tax and share of profit from associates, and exceptional items | 34,614.20 | 41,823.97 | 34,178.17 |
Share of profit from associates | -535.15 | 392.73 | -3,080.58 |
Exceptional items | 342.93 | 6079.26 | 56,331.51 |
Total Tax | -3,970.01 | 14,072.13 | -2,118.56 |
Profit After Tax (PAT) | 37,706.13 | 22,065.31 | -23,115.36 |
EPS | 56.81 | 33.27 | -35.83 |
BALANCE SHEET OF HAZIRA CARGO TERMINALS LIMITED (In Rs. Lakhs)
PARTICULARS | 31st March 2020 | 31st March 2019 |
ASSETS | ||
NON CURRENT ASSETS | ||
Property, plant and equipment | 307,934.88 | 300,634.01 |
Financial assets | 11,621.15 | 16,957.33 |
Other noncurrent assets | 1,186.84 | 2,817.80 |
Tax assets (net) | 15,627.51 | 6,102.51 |
TOTAL NON CURRENT ASSETS | 336,370.38 | 326,511.65 |
CURRENT ASSETS | ||
Inventories | 2,001.93 | 1,361.71 |
Trade Receivables | 26,616.25 | 27,395.93 |
Cash and cash equivalents | 21,698.16 | 5,615.01 |
Other financial assets | 8,524.72 | 3,083.26 |
Other current assets | 8,303.66 | 3,276.62 |
Current tax assets | 26.56 | 23.68 |
TOTAL CURRENT ASSETS | 67,171.28 | 40,756.21 |
TOTAL ASSETS | 403,541.66 | 367,267.86 |
EQUITY | ||
Share capital | 6,423.84 | 6,423.84 |
Reserves and surplus | 182,816.61 | 145,269.06 |
Non controlling interest | 992.49 | 830.30 |
TOTAL EQUITY | 190,232.94 | 152,523.20 |
NON CURRENT LIABILITIES | ||
Borrowings | 146,380.30 | 168,581.03 |
Lease liabilities | 14,911.47 | 0.00 |
TOTAL NON-CURRENT LIABILITIES | 161,291.77 | 168,581.03 |
CURRENT LIABILITIES | ||
Borrowings | 2,621.63 | 6,548.83 |
Financial liabilities | 30,651.38 | 28,476.67 |
Trade payables | 3,800.93 | 3,379.89 |
Short Term Provision | 284.86 | 486.16 |
Other Current Liabilities | 9,079.11 | 2,404.25 |
Tax liabilities | 5,579.04 | 4,867.83 |
TOTAL CURRENT LIABILITIES | 52,016.95 | 46,163.63 |
TOTAL LIABILITIES | 213,308.72 | 214,744.66 |
TOTAL EQUITY AND LIABILITIES | 403,541.66 | 367,267.86 |
DIVIDEND HISTORY
Particulars | 2020 | 2019 | 2018 |
Dividend (final + interim) (In Rs.) | Nil | Nil | Nil |
Retained Earnings (Consolidated) (In Rs. Lakhs) | 34,873.50 | -2,670.59 | -25,495.72 |
PERFORMANCE OF THE COMPANY
Revenue from operations of the company increased by 4.15% from Rs. 1,16,187.85 lakhs in FY 2019 to Rs. 1,21,004.58 lakhs in FY 2020.
EBITDA of the company decreased by 8.39% from Rs. 80,273.32 lakhs in FY 2019 to Rs. 73,539.86 lakhs in FY 2020. EBITDA margins of the company decreased from 69.09% in FY 2019 to 60.77% in FY 2020.
The net profit of the company increased significantly by 70.88% from Rs. 22,065.31 lakhs in FY 2019 to Rs. 37,706.13 lakhs in FY 2020.
The current ratio of the company as of 31st March 2020 was 1.29.
The debt to equity ratio of the company as of 31st March 2020 was 0.78.
The company has not given any dividends for the past three years.
The book value of the company as of 31st March 2020 was Rs. 296.
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