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Shipping Corporation of India Ltd.

BSE: 523598 Sector: Infrastructure
NSE: SCI ISIN Code: INE109A01011
BSE LIVE 15:11 | 13 Dec 93.55 -0.75
(-0.80%)
OPEN

94.25

HIGH

97.25

LOW

93.00

NSE 14:56 | 13 Dec 93.50 -0.75
(-0.80%)
OPEN

94.25

HIGH

97.30

LOW

93.10

OPEN 94.25
PREVIOUS CLOSE 94.30
VOLUME 297133
52-Week high 113.50
52-Week low 56.30
P/E 259.86
Mkt Cap.(Rs cr) 4,358
Buy Price 93.50
Buy Qty 1923.00
Sell Price 93.65
Sell Qty 71.00
OPEN 94.25
CLOSE 94.30
VOLUME 297133
52-Week high 113.50
52-Week low 56.30
P/E 259.86
Mkt Cap.(Rs cr) 4,358
Buy Price 93.50
Buy Qty 1923.00
Sell Price 93.65
Sell Qty 71.00

Shipping Corporation of India Ltd. (SCI) - Auditors Report

Company auditors report

To The Members of THE SHIPPING CORPORATION OF INDIA LIMITED

1. Report on the Standalone Financial Statements

We have audited the accompanying standalone financial statements of THE SHIPPINGCORPORATION OF INDIA LIMITED

("the Company") which comprise the Balance Sheet as at March 31 2016the Statement of Profit and Loss and the Cash Flow Statement for the year then ended anda summary of significant accounting policies and other explanatory information.

2. Management’s Responsibility for the Financial Statements

The Company’s Board of Directors is responsible for the matters stated in Section134(5) of the Companies Act 2013 (the ‘Act’) with respect to the preparation andpresentation of these financial statements to give a true and fair view of the financialposition financial performance and cash flows of the Company in accordance with theaccounting principles generally accepted in India including the Accounting Standardsspecified under section 133 of the Act read with Rule 7 of the Companies (Accounts)Rules 2014. This responsibility also includes maintenance of adequate accounting recordsin accordance with the provisions of the Act for safeguarding the assets of the Companyand for preventing and detecting frauds and other irregularities; selection andapplication of appropriate accounting policies; making judgments and estimates that arereasonable and prudent; and design implementation and maintenance of adequate internalfinancial controls that were operating effectively for ensuring the accuracy andcompleteness of accounting records relevant to the preparation and presentation of thefinancial statements that give a true and fair view and are free from materialmisstatement whether due to fraud or error.

3. Auditors’ Responsibility

Our responsibility is to express an opinion on these financial statements based on ouraudit. We have taken into account the provisions of the Act the accounting and auditingstandards and matters which are required to be included in the audit report under theprovisions of the Act and the Rules made thereunder. We have conducted our audit inaccordance with the Standards on Auditing specified under section 143(10) of the Act.Those Standards require that we comply with ethical requirements and plan and perform theaudit to obtain reasonable assurance about whether the financial statements are free frommaterial misstatement.

An audit involves performing procedures to obtain audit evidence about the amounts anddisclosures in the financial statements. The procedures selected depend on theauditor’s judgment including the assessment of the risks of material misstatement ofthe financial statements whether due to fraud or error. In making those risk assessmentsthe auditor considers internal financial control relevant to the Company’spreparation of the financial statements that give a true and fair view in order to designaudit procedures that are appropriate in the circumstances. An audit also includesevaluating the appropriateness of accounting policies used and the reasonableness of theaccounting estimates made by the Company’s Board of Directors as well as evaluatingthe overall presentation of the financial statements.

We believe that the audit evidence we have obtained is sufficient and appropriate toprovide a basis for our audit opinion on the standalone financial statements.

4. Basis for Qualified Opinion a. The direct access of overseas foreign agentsto fund collected on account of freight and other charges without adequate security andregular monitoring mechanism is prone to risk of non /short-payment the consequentialeffect of which on the statement of profit and loss remains unascertainable. b. One of thevessels acquired in the year 2012-13 was under capitalised by 3.50 million USD and theprovision for interest @ 2.5% pa on this amount has not been made in the accounts from theyear 2012-13. This has resulted in understatement of fixed assets by Rs.20.28 croresoverstatement of profits by Rs.4.98 crores and understatement of liability of Rs.25.25Cr.

5. Opinion

In our opinion and to the best of our information and according to the explanationsgiven to us except for the effects of the matter described in the ‘Basis forQualified Opinion’ paragraph above the financial statements give the informationrequired by the Act in the manner so required and give a true and fair view in conformitywith the accounting principles generally accepted in India of the state of affairs of theCompany as at 31 March 2016 its profit and its cash flows for the year ended on thatdate.

6. Emphasis of Matter

We draw attention of the management to the following observations without qualifyingour opinion: The adjustments required in the accounts not likely to be material in theopinion of management on confirmation and reconciliation of outstandings in respect oftrade payables trade receivables and loans & advances (Refer Note 42 to the financialstatements)

7. Report on Other Legal and Regulatory Requirements: a. As required by theCompanies (Auditor’s Report) Order 2016 ("the Order") issued by theCentral Government of India in terms of sub-section (11) of section 143 of the Act and onthe basis of such checks of the books and records of the company as we consideredappropriate and according to the information and explanations given to us we give in theAnnexure-I a statement on the matters specified in paragraphs 3 and 4 of the Order to theextent applicable.

As required under sub section (5) of Section 143 of the Act in case of a Governmentcompany we give in the Annexure- II a statement on the matters specified in thedirections and sub-directions issued by Office of the Comptroller and Auditor General ofIndia. b. As required by section143(3) of the Act we report that: i. We havesought and obtained all the information and explanations which to the best of ourknowledge and belief were necessary for the purpose of our audit; ii. Except for theeffects of the matter described in the

"Basis for Qualified Opinion" paragraph above In our opinion properbooks of account as required by law have been kept by the Company so far as appears fromour examination of those books; iii. The Balance Sheet Statement of Profit and Loss andCash Flow Statement dealt with by this Report are in agreement with the books of account;iv. In our opinion the aforesaid financial statements comply with the accountingstandards specified under section 133 of the Act read with Rule 7 of the Companies(Accounts) Rules 2014; v. The matter described in the "Basis for QualifiedOpinion" paragraph above in our opinion may have an adverse effect on thefunctioning of the Company; vi. On the basis of written representations received from thedirectors as on March 31 2016 and taken on record by the Board of Directors none of thedirectors is disqualified as on March 31 2016 from being appointed as a director interms of section 164(2) of the Act; vii. With respect to the adequacy of the internalfinancial controls over financial reporting of the Company and the operating effectivenessof such controls refer to our separate report in Annexure-III. c. With respect to theother matters to be included in the Auditor’s Report in accordance with Rule 11 ofthe Companies (Audit and Auditors) rules 2014 in our opinion and to the best of ourinformation and according to the explanations given to us: i) The Company has disclosedthe impact of pending litigations on its financial position in Note-30 to the FinancialStatements. ii) The Company does not anticipate any material foreseeable losses on long-term contracts including derivative contracts. iii) There has been no delay intransferring amounts required to be transferred to the Investor Education and ProtectionFund by the Company.

For MKPS & Associates For GMJ & Co.
Chartered Accountants Chartered Accountants
Firm’s Regn. No. 302014E Firm’s Regn. No. 103429W
CA Nikhil Kumar Agrawalla CA Sanjeev Maheshwari
Partner Partner
M. No. 157955 M. No. 038755
Mumbai Mumbai
26thMay 2016 26thMay 2016

ANNEXURE – I TO THE INDEPENDENT AUDITORS’ REPORT

Referred to in Paragraph 7(a)(i) of our Independent Auditors’ Report to themembers of the company on the financial statements for the year ended 31st March 2016 i.a) The Company has maintained proper records showing full particulars includingquantitative details and situation of fixed assets. b) The Fixed assets of theCompany are being physically verified by the management once in three years. The physicalverification of fixed Assets of the Company was not carried out during the year. c)According to the information and explanations given to us and on the basis of ourexamination of records of the company the title deeds of immovable properties are held inthe name of the Company. ii. The physical verification of inventory has been conducted atreasonable intervals by the management during the year. No material discrepancies werenoticed on such verification. iii. The Company has granted loans to five bodies corporatecovered in the register maintained under section 189 of the Companies Act 2013 a) Theterms and conditions of the grant of such loans are prima facie not prejudicial to thecompany’s interest. b) In the case of the loans granted the terms of arrangements donot stipulate any repayment schedule and the loans are repayable on demand. Payment ofinterest has been stipulated and the receipts thereof are regular. c) There are nooverdue amounts for more than ninety days in respect of the loans granted. iv. The companyhas not given/made any loans investments and guarantees and security which may attractthe provisions of section 185 and 186 of the Companies Act 2013. Hence the provisions ofclause 3 (iv) of the said Order are not applicable to the Company. v. In our opinion andaccording to the information and explanations given to us the company has not acceptedany deposits during the year. Consequently the directives issued by Reserve Bank of Indiaand the provisions of Sections 73 to 76 and any other relevant provisions of the CompaniesAct 2013 and the rules framed there under are not applicable. vi We have been informed bythe company that the maintenance of cost record under section 148 (1) of the Act has notbeen prescribed by the Central Government. vii a) According to the information andexplanations given to us and records of the company examined by us in our opinion thecompany is generally regular in depositing the undisputed statutory dues includingprovident fund employees’ state insurance income-tax sales-tax service tax dutyof customs duty of excise value added tax cess and any other statutory dues to theappropriate authorities.

The arrears of outstanding statutory dues as on the last day of the financial yearconcerned for a period of more than six months from the date they become payable are asunder:

Name of the Statute Nature of the Dues Amount (Rs. in lacs) Period to which the amount Due Date relates Date of Payment
Income Tax TDS on Salary 59.32 2014-15 30.04.2015 29.04.2016
Income Tax TDS on Salary 11.47 2014-15 30.04.2015 Not paid

b) The dues of income tax or sales tax or service tax or duty of customs or duty ofexcise or value added tax which have not been deposited on account of disputes are asunder:

Sr. No. Name of the statute Nature of the dues Forum where dispute is pending Finanacial Year to which amount relates Amount (Rs. in lacs)
1 Income Tax Act 1961 U/s 195 Bombay High Court 2003-04 to 2005-06 9820
2 Income Tax Act 1961 Tax U/s 143(3) Bombay High Court 2006-07 2901
3 Income Tax Act 1961 Tax U/s 143(3) Bombay High Court 2004-05 & 2005-06 801
4 Income Tax Act 1961 Tax U/s 147 ITAT Mumbai 2004-05 & 2005-06 2529
5 Income Tax Act 1961 Penalty u/s 271(1) CIT(A) Mumbai 2004-05 & 2005-06 323
6 Income Tax Act 1961 Tax U/s 143(3) ITAT Mumbai 2007-08 1013
7 Income Tax Act 1961 Tax U/s 143(3) CIT(A) Mumbai 2009-10 1180
8 Income Tax Act 1961 Tax U/s 143(3) CIT(A) Mumbai 2011-12 393
9 Income Tax Act 1961 Tax U/s 143(3) CIT(A) Mumbai 2012-13 300
10 Finance Act 1994 Service tax Commissioner (Appeals) 2002-03 to 2007-08 2
11 AP VAT Act 2005 VAT CTO 2011-12 10
12 High CourtMumbai VAT Commissioner of Sales Tax 1994-95 14
13 High CourtMumbai VAT Commissioner of Sales Tax 1993-94 22
Total 19308

viii. According to the records of the Company examined by us and the information andexplanation given to us the Company has not defaulted in repayment of loans or borrowingsto any financial institution or bank. Further the Company has neither issued anydebenture nor borrowed from Government. ix. The Company has not raised any money by way ofpublic issue/follow up offer (including debt instruments) during the year. In our opinionthe term loans were applied for the purpose for which those were raised. x. We report thatcertain complaints were received by the Vigilance division of the company during the yearfor which the investigations were under progress. We have neither come across any instanceof fraud by the Company or any fraud on the Company by its officers or employees noticedor reported during the year nor have been informed of any such case by the management. xi.The Company is a government company and the provisions of section 197 is not applicableto it. Therefore clause (xi) of of the said Order is not applicable to the company. xii.The Company is not a Nidhi Company and hence the provisions of clause 3 (xii) of the saidOrder is not applicable to the company. xiii. The Company does not have an audit committeeand hence the approval of transactions with related parties by Audit Committee formedunder section 177 of the Act is not applicable. The transactions with the related partiesare in compliance with section 188 of the Act to the extent applicable and the detailshave been disclosed in the financial statements as required by the Accounting Standards.xiv. The Company has not made any preferential allotment or private placement of shares orfully or partly convertible debentures during the year under review. Accordingly theprovisions of Clause 3(xiv) of the Order are not applicable to the Company. xv. TheCompany has not entered into any non-cash transactions with its directors or personsconnected with him. Accordingly the provisions of Clause 3(xv) of the Order are notapplicable to the Company. xvi. The Company is not required to be registered under Section45-IA of the Reserve Bank of India Act 1934. Accordingly the provisions of clause 3(xvi)of the Order are not applicable to the Company.

For MKPS & Associates For GMJ & Co.
Chartered Accountants Chartered Accountants
Firm’s Regn. No. 302014E Firm’s Regn. No. 103429W
CA Nikhil Kumar Agrawalla CA Sanjeev Maheshwari
Partner Partner
M. No. 157955 M. No. 038755
Mumbai Mumbai
26thMay 2016 26thMay 2016

ANNEXTURE-II TO THE INDEPENDENT AUDITORS’ REPORT Directions under Section 143(5)of the Companies Act 2013

On the Accounts of The Shipping Corporation of India Ltd. for the year 2015-16

SI. No. Directions Auditor’s comments including Action taken wherever required to be taken Impact on the Accounts and financial statements
1 Whether the Company has clear title / lease deeds for freehold and leasehold land respectively? If not please state the area of freehold and leasehold land for which title / lease deeds are not available. As per information given to us the corporation has clear title/ lease deeds for freehold and leasehold land. As explained the only leasehold land is the land on which the Shipping house of Mumbai has been constructed. No Impact
2 Whether there are any cases of waiver / write off debts / loans / interest etc? If yes the reasons therefore and amount involved. There has been write off in respect of trade receivables amounting to Rs.2251562.71 during the year as detailed below: Not Material
Name of the party Amount of Reasons for write off
write off
Sinostar Dsthapa 2112689.37 The party is dissolved during the year hence the amount is written off.
Asha Agencies 66631.88 The goods were abandoned and same were auctioned.
Centurion Marine 24640.00 VAT not recoverable Liner Misc Customer 47601.46 The goods were abandoned and same were auctioned.
3 Whether proper records are maintained for inventories lying with third parties and assets received as gift / grant(s) from the Government or other authorities? As explained to us there are no inventories lying with third parties. Further there is no gift received from Govt. or other authorities. No Impact

Sub-directions under Section 143(5) of the Companies Act 2013 in respect of theShipping Corporation of India Limited for the year 2015-16

SI. No. Directions Auditor’s comments including Action taken wherever required to be taken Impact on the Accounts and financial statements
1 State the area of land under encroachment and briefly explain the steps taken by the Company to remove encroachments. As explained to us there is no land under encroachment. No Impact
2 (i) Whether amount of (a) bank balance (b) trade receivable (c) trade payables (d) loans and advances for which third party confirmation was not made available has been reported. The corporation has sent letters for balance confirmation of bank balances trade receivables and trade payables. However no confirmation has been sent for loans & advances. The third party confirmation received by us has been 175 out of total number of confirmation being 2010 sent to the parties. Adjustments required in the accounts on confirmation and reconciliation are not likely to be material in the opinion of the management.
(ii) Where such balance has been confirmed by respective parties whether it varies widely from the amounts reflected under respective heads in the financial statements? If so the difference and action taken by the management to reconcile the difference should be disclosed. The balance confirmation received wherever varying with the amount as per the books of account by more than Rs. 5 lakhs (approx) is shown in Annexure ‘1’. As explained the necessary steps shall be taken by the management to reconcile the difference. Adjustments required in the accounts on confirmation and reconciliation are not likely to be material in the opinion of the management.
3 Independent verification may be made of information / inputs furnished to actuary viz. number of employees average salary retirement age etc. and assumptions made by the actuary regarding the discount rate future cost increase mortality rate etc. for arriving at the provision for liability of retirement benefits viz. gratuity leave encashment post-retirement medical benefits etc. The information/ inputs furnished by the company to the actuary for valuation of the provision for liability of retirement benefits i.e. number of employees average salary retirement age etc have been reviewed and the same are based on actual for the current year. The assumption made by the actuary for valuation of the liability of retirement benefits i.e. discount rate morality rate future cost increase are consistent over the period. The actuary has confirmed in its report that the liability of retirement benefits has been valued as per the provisions of Accounting Standard-15. No Impact

ANNEXURE – III TO THE INDEPENDENT AUDITORS’ REPORT

Referred to in Paragraph 7(b) (vii) of our Independent Auditors’

Report to the members of the company on the financial statements for the year ended31st March 2016

Report on the Internal Financial Controls under Clause (i) of Sub-section 3 of Section143 of the Act.

1. We have audited the internal financial controls over financial reporting of THESHIPPING CORPORATION OF INDIA LIMITED

("the Company") as of March 31 2016 in conjunction with our audit of thestandalone financial statements of the Company for the year ended on that date.

Management’s Responsibility for Internal Financial Controls

2. The Company’s management is responsible for establishing and maintaininginternal financial controls based on the internal control over financial reportingcriteria established by the Company considering the essential components of internalcontrol stated in the Guidance Note on Audit of Internal Financial Controls over FinancialReporting issued by the Institute of Chartered Accountants of India (ICAI). Theseresponsibilities include the design implementation and maintenance of adequate internalfinancial controls that were operating effectively for ensuring the orderly and efficientconduct of its business including adherence to company’s policies the safeguardingof its assets the prevention and detection of frauds and errors the accuracy andcompleteness of the accounting records and the timely preparation of reliable financialinformation as required under the Act.

Auditor’s Responsibility

3. Our responsibility is to express an opinion on the Company’s internal financialcontrols over financial reporting based on our audit. We conducted our audit in accordancewith the Guidance Note on Audit of Internal Financial Controls Over Financial Reporting(the "Guidance Note") and the Standards on Auditing deemed to be prescribedunder section 143 (10) of the Act to the extent applicable to an audit of internalfinancial controls both applicable to an audit of internal financial controls and bothissued by the ICAI. Those Standards and the Guidance Note require that we comply withethical requirements and plan and perform the audit to obtain reasonable assurance aboutwhether adequate internal financial controls over financial reporting was established andmaintained and if such controls operated effectively in all material respects.

4. Our audit involves performing procedures to obtain audit evidence about the adequacyof the internal financial controls system over financial reporting and their operatingeffectiveness. Our audit of internal financial controls over financial reporting includedobtaining an understanding of internal financial controls over financial reportingassessing the risk that a material weakness exists and testing and evaluating the designand operating effectiveness of internal control based on the assessed risk. The proceduresselected depend on the auditor’s judgment including the assessment of the risks ofmaterial misstatement of the financial statements whether due to fraud or error. 5. Webelieve that the audit evidence we have obtained is sufficient and appropriate to providea basis for our audit opinion on the Company’s internal financial controls systemover financial reporting.

Meaning of Internal Financial Controls Over Financial Reporting

6. A Company’s internal financial control over financial reporting is a processdesigned to provide reasonable assurance regarding the reliability of financial reportingand the preparation of financial statements for external purposes in accordance withgenerally accepted accounting principles. A company’s internal financial control overfinancial reporting includes those policies and procedures that (1) pertain to themaintenance of records that in reasonable detail accurately and fairly reflect thetransactions and dispositions of the assets of the company; (2) provide reasonableassurance that transactions are recorded as necessary to permit preparation of financialstatements in accordance with generally accepted accounting principles and that receiptsand expenditures of the company are being made only in accordance with authorizations ofmanagement and directors of the company; and (3) provide reasonable assurance regardingprevention or timely detection of unauthorized acquisition use or disposition of thecompany’s assets that could have a material effect on the financial statements.

Inherent Limitations of Internal Financial Controls over Financial Reporting

7. Because of the inherent limitations of internal financial controls over financialreporting including the possibility of collusion or improper management override ofcontrols material misstatements due to error or fraud may occur and not be detected.Also projections of any evaluation of the internal financial controls over financialreporting to future periods are subject to the risk that the internal financial controlover financial reporting may become inadequate because of changes in conditions or thatthe degree of compliance with the policies or procedures may deteriorate.

Qualified Opinion

8. According to the information and explanation given to us and based on our audit thefollowing material weakness have been identified in the operating effectiveness of theCompany’s internal financial control over financial reporting as at 31st March 2016.a) Freight & other charges collection done by certain overseas agents on behalf of theCompany are getting credited to their bank accounts instead of the bank account of thecompany which in the absence of adequate security could potentially result in the non/short receipt of such collections by the company in the event of either fraudulentintention of the agent as was happened in the past or any dispute by either party. b) Thetimely verification of claims of agents needs to be further strengthened. c) The controlon the timely reversal of stale cheque needs to be further strengthened. d) The control onthe booking of bunker consumption to the correct voyage of the vessels needs to bestrengthened. e) The control in the system to ensure that the bunker consumption in caseof time charter is recovered from the charter instead of debiting to the consumptionaccount needs to be further strengthened. f) The system has to ensure that the tax isdeducted at source on all the provision for expense made.

In our opinion the Company has in all material respects maintained adequate internalfinancial controls over financial reporting as of March 31 2016 based on the internalcontrol over financial reporting criteria established by the Company considering theessential components of internal control stated in the Guidance Note on Audit of InternalFinancial Controls Over Financial Reporting issued by the Institute of CharteredAccountants of India and except for the possible effects of the material weaknessdescribed above on the achievement of objectives of the control criteria the internalfinancial controls over financial reporting of the company were operating effectively asat March 31 2016. We have considered the material weakness identified and reported abovein determining the nature timing and extent of audit tests applied in our audit of thefinancial statements of the company as of 31st March 2016 and these material weakness donot affect our opinion on the Standalone Financial Statements of the Company.

For MKPS & Associates For GMJ & Co.
Chartered Accountants Chartered Accountants
Firm’s Regn. No. 302014E Firm’s Regn. No. 103429W
CA Nikhil Kumar Agrawalla CA Sanjeev Maheshwari
Partner Partner
M. No. 157955 M. No. 038755
Mumbai Mumbai
26thMay 2016 26thMay 2016

 

Annexure-1
GL Code GL Head Vendor Code Vendor Name Currency Balance as per SCI on 31.12.2015 Balance as per confirmation Difference Nature of Account
5000000000 VENDOR RECON A/C - GENERAL 100191 ALCOS INR - 2052969.00 2052969.00
5000000000 VENDOR RECON A/C - GENERAL 100403 KAMYAB SHIP CHANDLERS INR - 1562061.50 1562061.50
5000000000 VENDOR RECON A/C - GENERAL 100409 ROTOMECH AUTOMATION LIMITED INR - 1066229.00 1066229.00
5000000000 VENDOR RECON A/C - GENERAL 100412 SHIV TECH MARINE CONTROL SYSTEMS & INR (538068.00) 4487744.00 3949676.00
5000000000 VENDOR RECON A/C - GENERAL 101085 A K MARINE ENGINEERS INR - 2354206.00 2354206.00
5000000000 VENDOR RECON A/C - GENERAL 101281 SF MARINE OFFSHORE & IND. SUPPLY CO INR (119025.00) 4128180.00 4009155.00
5000000000 VENDOR RECON A/C - GENERAL 101410 DALWIN MARINE TURBO ENGG PVT LTD INR (215069.00) 802633.00 587564.00
5000000000 VENDOR RECON A/C - GENERAL 101565 PARAM HYDRAULICS PVT LTD INR - 2732438.56 2732438.56
5000000000 VENDOR RECON A/C - GENERAL 101620 BANSAL MARINE (S.B.) INR - 920212.00 920212.00
5000000000 VENDOR RECON A/C - GENERAL 200750 MARINE ELECTRICAL & REFRIGERATION INR (1326853.00) 24997276.00 23670423.00
5000000000 VENDOR RECON A/C - GENERAL 200752 ABB INDIA LIMITED INR (808482.00) 5506763.00 4698281.00
5000000000 VENDOR RECON A/C - GENERAL 200763 THE ORIENT ENGINEERING & SHIP REPA INR (480996.00) 16633169.00 16152173.00
5000000000 VENDOR RECON A/C - GENERAL 200765 DOCKING & ENGINEERING CO.(VISA INR (646400.00) 4084820.00 3438420.00
5000000000 VENDOR RECON A/C - GENERAL 200776 CARBONIC INDUSTRIES INR (83116.00) 2155769.00 2072653.00
5000000000 VENDOR RECON A/C - GENERAL 200788 HICO SHIPPING INSULATION PVT LTD INR (222556.00) 14632346.00 14409790.00
5000000000 VENDOR RECON A/C - GENERAL 200795 HYPRECISION HYDRAULIK INR - 969707.00 969707.00
5000000000 VENDOR RECON A/C - GENERAL 200800 ALBATROSS MARINE SERVICES INR (50000.00) 3069798.00 3019798.00
5000000000 VENDOR RECON A/C - GENERAL 200847 FUJI TECHNICAL SERVICES PVT LTD INR - 806050.00 806050.00
5000000000 VENDOR RECON A/C - GENERAL 200849 FRICONS INR - 2524641.00 2524641.00
5000000000 VENDOR RECON A/C - GENERAL 200886 SUPREME HYDRO ENGINEERING PVT LTD INR (138827.00) 2284563.00 2145736.00
5000000000 VENDOR RECON A/C - GENERAL 200929 NCGB ENGINEERING CO PVT LTD INR (99582.00) 3436703.00 3337121.00
5000000000 VENDOR RECON A/C - GENERAL 201336 NIREEKSHAN ENGG. SERVICES PVT LTD INR - 899810.00 899810.00
5000000000 VENDOR RECON A/C - GENERAL 201570 AKSHAY CONTROLS & SYSTEMS PVT LTD INR (5174957.21) 25443330.95 20268373.74
5000000000 VENDOR RECON A/C - GENERAL 201631 C-MET ENGINEERING INDIA PVT LTD INR (2756839.95) 9748196.00 6991356.05
5000000000 VENDOR RECON A/C - GENERAL 201652 KENMARK TECH SOLUTIONS INR (11907.00) 8246801.00 8234894.00
5000000000 VENDOR RECON A/C - GENERAL 201658 MARINE ENGG CONSULTANCY & SERVI MU INR (11689.50) 3005349.00 2993659.50 Trade Payable
5000000000 VENDOR RECON A/C - GENERAL 201675 RAS TEK PVT LTD INR (1933437.00) 23078287.00 21144850.00
5000000000 VENDOR RECON A/C - GENERAL 201679 S S K ENGINEERING WORKS (INDIA) PVT INR (1784588.00) 30273600.00 28489012.00
5000000000 VENDOR RECON A/C - GENERAL 201685 SEA-HOOK ENGINEERING WORKS INR (703689.00) 10688.00 (693001.00)
5000000000 VENDOR RECON A/C - GENERAL 201686 SEAMAN INDUSTRIES INR - 514685.00 514685.00
5000000000 VENDOR RECON A/C - GENERAL 201701 TRISHUL INDUSTRIES INR (2724895.00) 17147045.00 14422150.00
5000000000 VENDOR RECON A/C - GENERAL 201730 S.B.TEKNIK INR (886136.00) 1667008.00 780872.00
5000000000 VENDOR RECON A/C - GENERAL 201829 B P ENGINEERING WORKS INR (111948.00) 1922333.00 1810385.00
5000000000 VENDOR RECON A/C - GENERAL 202672 D.S.MARINE REPAIRS INR - 3174036.00 3174036.00
5000000000 VENDOR RECON A/C - GENERAL 203292 A.S. REFRIGERATION CO. INR (329605.00) 10296692.87 9967087.87
5000000000 VENDOR RECON A/C - GENERAL 203489 M/S ALLWIN MARINE SERVICES INR (8218384.00) 13551504.40 5333120.40
5000000000 VENDOR RECON A/C - GENERAL 300061 MARINE ELECTRONICS AND NAVIGATION INR - 1010052.00 1010052.00
5000000000 VENDOR RECON A/C - GENERAL 300985 ZF INDIA PRIVATE LIMITED INR - 1145251.64 1145251.64
5000000000 VENDOR RECON A/C - GENERAL 1100203 WEST COAST LAUNCH SERVICE INR - 747701.00 747701.00
5000000000 VENDOR RECON A/C - GENERAL 1100827 KAMAL BASU & CO. INR (744844.00) 2103140.00 1358296.00
5000000000 VENDOR RECON A/C - GENERAL 300910 Flamingo GRP General Trading LLC. AED - 1035474.67 1035474.67
5000000000 VENDOR RECON A/C - GENERAL 600070 International Agencies Bahrain BHD (993.07) 3852.93 4846.00
CNY (6570662.08) 6570662.08
CNY 356392.62 (356392.62)
5000000000 VENDOR RECON A/C - GENERAL 600015 CLB liner EUR 712503.50 870263.11 157759.61
5000000000 VENDOR RECON A/C - GENERAL 300193 J.P. SAUER & SOHN MASCHINENBAU GMBH EURO - 15723694.00 15723694.00
5000000000 VENDOR RECON A/C - GENERAL 300355 Wartsila Japan Ltd. EURO - 91474.01 91474.01
5000000000 VENDOR RECON A/C - GENERAL 300737 Salzgitter Maschinenbau AG EURO - 25192.62 25192.62
5000000000 VENDOR RECON A/C - GENERAL 300836 DAMEN SCHELDE MARINE SERVICES PTE EURO - 55346.10 55346.10
5000000000 VENDOR RECON A/C - GENERAL 300631 CORTLAND LIMITED GBP - 11697.00 11697.00
5000000000 VENDOR RECON A/C - GENERAL 400892 INDIAN REGISTER OF SHIPPING GBP - 13906.00 13906.00
5000000000 VENDOR RECON A/C - GENERAL 600631/ 837 Champion ShippingHong Kong HKD (57417.61) 97471.04 154888.65
5000000000 VENDOR RECON A/C - GENERAL 300290 HARUKAWA MARINE PARTS CO. LTD. JAPAN YEN - 2635848.00 2635848.00
5000000000 VENDOR RECON A/C - GENERAL 400011 FUJI TECHNICAL SERVICES PVT LTD JPY - 11111621.00 11111621.00
5000000000 VENDOR RECON A/C - GENERAL 300103 SKIPPER ELECTRONICS AS NOK - 97710.00 97710.00
5000000000 VENDOR RECON A/C - GENERAL 400293 KONGSBERG MARITIME AS NOK - 855835.11 855835.11
5000000000 VENDOR RECON A/C - GENERAL 600027 Freightman ABNorway NOK 327541.69 36731.00 (290810.69)
5000000000 VENDOR RECON A/C - GENERAL 600012/ Champion ShippingTaiwan NT$ 37312044.00 1193975.00
919 (36118069.00)
5000000000 VENDOR RECON A/C - GENERAL 600008 Bhacker Haji AbdullaMuscat OMR 26241.45 11148.73 (15092.72)
5000000000 VENDOR RECON A/C - GENERAL 600834 Bhacker Haji AbdullaMuscat OMR (6995.84) 6870.31 13866.15
5000000000 VENDOR RECON A/C - GENERAL 600835 Freightman ABSweden SEK 2009979.00 2113729.00 103750.00
5000000000 VENDOR RECON A/C - GENERAL 100303 AVALONTEC SINGAPORE PTE LTD SGD - 16979.95 16979.95
5000000000 VENDOR RECON A/C - GENERAL 600013/ Champion ShippingChina US$ 157830.37 225861.48 68031.11
109/ 918
5000000000 VENDOR RECON A/C - GENERAL 100109 DREW AMEROID (S) PTE LTD USD - 85575.74 85575.74
5000000000 VENDOR RECON A/C - GENERAL 100203 VIJAY ENGG & MACHINERY COMPANY USD - 171100.00 171100.00
5000000000 VENDOR RECON A/C - GENERAL 102021 SAMARTH ENGINEERING USD (2262.00) 4917959.00 4915697.00
5000000000 VENDOR RECON A/C - GENERAL 101080 PANASIA CO.LTD. USD (2240.00) 41150.00 38910.00
5000000000 VENDOR RECON A/C - GENERAL 101226 M/S UPSC MARINE SERVICES PTE LTD USD (7000.00) 61376.04 38910.00
5000000000 VENDOR RECON A/C - GENERAL 300035 GOLTENS CO.LTD. USD - 14078.50 14078.50
5000000000 VENDOR RECON A/C - GENERAL 300085 Textainer Equipment USD (16963.23) 373164.57 356201.34
5000000000 VENDOR RECON A/C - GENERAL 300280 JOHNSON CONTROLS AIRCONDITIONING USD - 14000.00 14000.00 Trade Payable
5000000000 VENDOR RECON A/C - GENERAL 300429 RMS MARINE SERVICE CO.LTD. USD (6781.15) 49798.51 43017.36
5000000000 VENDOR RECON A/C - GENERAL 300450 MASTER SYSTEMS LLC USD (4355.00) 48440.00 44085.00
5000000000 VENDOR RECON A/C - GENERAL 300535 J.O. Engineering Co. Ltd. USD (114611.60) 78060.29 (36551.31)
5000000000 VENDOR RECON A/C - GENERAL 300747 DAEHWA ENGINEERING SERVICE CO.LTD. USD (40607.40) 107267.92 66660.52
5000000000 VENDOR RECON A/C - GENERAL 300859 TOMAS CORPORATION USD (6705.00) 90730.05 84025.05
5000000000 VENDOR RECON A/C - GENERAL 400016 INDIAN REGISTER OF SHIPPING USD (128973.00) 856103.70 727130.70
5000000000 VENDOR RECON A/C - GENERAL 400041 SMEC AUTOMATION FZE USD (18833.00) 187442.00 168609.00
5000000000 VENDOR RECON A/C - GENERAL 400773 Mencast Subsea Pte Ltd USD - 12032.00 12032.00
5000000000 VENDOR RECON A/C - GENERAL 400830 ZHOUSHAN IMC YONGYUE SHIPYARD & ENG USD (2735281.00) 2452705.00 (282576.00)
5000000000 VENDOR RECON A/C - GENERAL 400913 PETRONAVI COMPANY LIMITED USD - 15496.00 15496.00
5000000000 VENDOR RECON A/C - GENERAL 400936 VOYAGE MARINE AUTOMATION USD - 15894.00 15894.00
5000000000 VENDOR RECON A/C - GENERAL 1000085 CHEMOIL ADANI PTE LTD USD (35996.70) 76314.00 40317.30
5000000000 VENDOR RECON A/C - GENERAL 1000205 World Fuel Services USD (681653.44) 1490794.51 809141.07
USD (49313.55) 49313.55
5000000000 VENDOR RECON A/C - GENERAL 600096 PenavicoNingbo USD 690789.42 - (690789.42)
5000000000 VENDOR RECON A/C - GENERAL 600903 PenavicoNingbo USD 496183.54 131855.49 (364328.05)
USD (1129857.44) 1129857.44
5000000000 VENDOR RECON A/C - GENERAL 600050/ 875 Marti Shipping Turkey USD (173081.60) 356206.70 529288.30
5000000000 VENDOR RECON A/C - GENERAL 600051 Middle East Shipping USD (12872.88) - 12872.88
5000000000 VENDOR RECON A/C - GENERAL 600854 Middle East Shipping USD - 9514.87 9514.87