DOCSLIB.ORG

Global Vectra Helicorp Limited (Our Company Was Originally Incorporated As Azal India Private Limited on April 13, 1998

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Global Vectra Helicorp Limited (Our Company Was Originally Incorporated As Azal India Private Limited on April 13, 1998 C M Y K RED HERRING PROSPECTUS Dated September 21, 2006 Please read section 60B of the Companies Act, 1956 (The Red Herring Prospectus will be updated upon filing with the ROC) 100% Book Built Issue Global Vectra Helicorp Limited (Our Company was originally incorporated as Azal India Private Limited on April 13, 1998. We subsequently changed the name of our Company to Global Helicorp Private Limited pursuant to a special resolution of the shareholders passed at an extraordinary general meeting on May 23, 2003. This name was subsequently changed to Global Vectra Helicorp Private Limited pursuant to a special resolution of the shareholders passed at an extraordinary general meeting on August 26, 2004. The name was changed to Global Vectra Helicorp Limited and the fresh certificate of incorporation consequent on change of name was granted to our Company on October 10, 2005 by the Registrar of Companies, N.C.T. of Delhi and Haryana at New Delhi. See “History and Corporate Structure” on page 56 of this Red Herring Prospectus for further details) Registered Office: A-54, Kailash Colony, New Delhi 110 048 Corporate Office: 202, Krishna Kunj, V. L. Mehta Marg, JVPD Scheme, Mumbai 400 056 Tel: (91 22) 2618 6155; Fax: (91 22) 2617 6501 Email: [email protected]; Website: http://www. globalhelicorp.com (Our registered office was shifted from 84-E, C-6 Lane (Off Central Avenue) Sainik Farms, New Delhi 110 062 to the current address by a resolution of our Board dated January 4, 2005.) Company Secretary: Navin Chowdhary and Compliance Officer: Vikram D. Kakaiya PUBLIC ISSUE OF 3,500,000 EQUITY SHARES OF RS. 10 EACH FOR CASH AT A PRICE OF RS. [ ] PER EQUITY SHARE INCLUDING A SHARE PREMIUM OF RS. [] PER EQUITY SHARE AGGREGATING RS. [] MILLION COMPRISING A FRESH ISSUE OF 2,800,000 EQUITY SHARES OF RS. 10 EACH BY THE COMPANY (“FRESH ISSUE”) AND AN OFFER FOR SALE BY AZAL AZERBAIJAN AVIATION LIMITED OF 700,000 EQUITY SHARES OF RS. 10 EACH (THE “OFFER FOR SALE”). THE FRESH ISSUE AND THE OFFER FOR SALE ARE JOINTLY REFERRED TO AS THE “ISSUE”. THE ISSUE WOULD CONSTITUTE 25.0% OF THE FULLY DILUTED POST ISSUE PAID-UP CAPITAL OF THE COMPANY. PRICE BAND: RS. 175 TO RS. 200 PER EQUITY SHARE OF FACE VALUE OF RS. 10 EACH. THE FLOOR PRICE IS 17.5 TIMES OF THE FACE VALUE AND THE CAP PRICE IS 20 TIMES OF THE FACE VALUE In case of revision in the Price Band, the Bidding Period will be extended for three additional days after revision of the Price Band subject to the Bidding Period/Issue Period not exceeding 10 working days. Any revision in the Price Band and the revised Bidding Period, if applicable, will be widely disseminated by notification to the National Stock Exchange of India Limited (“NSE”) and the Bombay Stock Exchange Limited (“BSE”), by issuing a press release, and also by indicating the change on the websites of the Book Running Lead Managers and at the terminals of the member of Syndicate. The Issue is being made through the 100% book building process wherein at least 50% of the Issue shall be available for allocation on a proportionate basis to Qualified Institutional Buyers (“QIBs”), out of which 5% shall be available for allocation on a proportionate basis to Mutual Funds only. The remainder shall be available for allocation on a proportionate basis to QIBs and Mutual Funds, subject to valid Bids being received from them at or above the Issue Price. Further, at least 15% of the Issue will be available for allocation on a proportionate basis to Non-Institutional Bidders and at least 35% of the Issue will be available for allocation on a proportionate basis to Retail Individual Bidders, subject to valid Bids being received at or above the Issue Price. We have not opted for IPO grading of this Issue. RISK IN RELATION TO THE FIRST ISSUE This being the first public issue of Equity Shares of the Company, there has been no formal market for the Equity Shares of the Company. The face value of the Equity Shares is Rs.10 per Equity Share and the Issue Price is [] times of the face value. The Issue Price (as determined by the Company, and the Selling Shareholder in consultation with the Book Running Lead Managers on the basis of assessment of market demand for the Equity Shares offered by way of book building) should not be taken to be indicative of the market price of the Equity Shares after the Equity Shares are listed. No assurance can be given regarding an active and/or sustained trading in the Equity Shares of the Company or regarding the price at which the Equity Shares will be traded after listing. GENERAL RISKS Investments in equity and equity-related securities involve a degree of risk and investors should not invest any funds in this Issue unless they can afford to take the risk of losing their investment. Investors are advised to read the risk factors carefully before taking an investment decision in this Issue. For taking an investment decision, investors must rely on their own examination of the Issuer and the Issue including the risks involved. The Equity Shares offered in the Issue have not been recommended or approved by the Securities and Exchange Board of India (“SEBI”), nor does SEBI guarantee the accuracy or adequacy of this Red Herring Prospectus. Specific attention of the investors is invited to the section titled “Risk Factors” on page xi of this Red Herring Prospectus. COMPANY’S AND SELLING SHAREHOLDER’S ABSOLUTE RESPONSIBILITY The Company and the Selling Shareholder having made all reasonable inquiries, accept responsibility for and confirm that this Red Herring Prospectus contains all information with regard to the Issuer and the Issue, which is material in the context of the Issue, that the information contained in this Red Herring Prospectus is true and correct in all material aspects and is not misleading in any material respect, that the opinions and intentions expressed herein are honestly held and that there are no other facts, the omission of which makes this Red Herring Prospectus as a whole or any of such information or the expression of any such opinions or intentions misleading in any material respect. LISTING ARRANGEMENT The Equity Shares offered through this Red Herring Prospectus are proposed to be listed on the NSE and the BSE. We have received in-principle approval from NSE and BSE for the listing of our Equity Shares pursuant to letters dated June 27, 2006 and July 17, 2006 respectively. For purposes of this Issue, the Designated Stock Exchange is the NSE. BOOK RUNNING LEAD MANAGER REGISTRAR TO THE ISSUE SBI Capital Markets Limited Intime Spectrum Registry Limited 202, Maker Towers ‘E’, Cuffe Parade, C-13, Pannalal Silk Mills Compound, Mumbai 400 005 LBS Marg, Bhandup (West), Mumbai 400 078, India Tel: (91 22) 2218 9166 Fax: (91 22) 2218 8332 Tel. : (91 22) 2596 0320 Fax. : (91 22) 2596 0329 Email: [email protected] Email: [email protected] Website: www.sbicaps.com Website: www.intimespectrum.com Contact Person: Rajneesh Kumar Contact Person: Salim Shaikh BID / ISSUE PROGRAM BID/ISSUE OPENS ON : SEPTEMBER 29, 2006 (FRIDAY) BID/ISSUE CLOSES ON : OCTOBER 6, 2006 (FRIDAY) C M Y K TABLE OF CONTENTS SECTION I – GENERAL .................................................................................................................................................................... i DEFINITIONS AND ABBREVIATIONS ........................................................................................................................................... i CERTAIN CONVENTIONS; USE OF INDUSTRY AND MARKET DATA .................................................................................. ix FORWARD-LOOKING STATEMENTS ............................................................................................................................................ x SECTION II- RISK FACTORS ......................................................................................................................................................... xi SECTION III – INTRODUCTION ................................................................................................................................................... 1 SUMMARY OF OUR BUSINESS, STRENGTHS AND STRATEGY ............................................................................................. 1 SUMMARY FINANCIAL INFORMATION .................................................................................................................................... 4 THE ISSUE ........................................................................................................................................................................................... 6 GENERAL INFORMATION .............................................................................................................................................................. 7 CAPITAL STRUCTURE ..................................................................................................................................................................... 14 OBJECTS OF THE ISSUE ................................................................................................................................................................... 20 BASIS FOR ISSUE PRICE ................................................................................................................................................................... 26 STATEMENT OF TAX BENEFITS ..................................................................................................................................................
Load more

Recommended publications
  • Chapter 3 1 2
    Cover Page The handle http://hdl.handle.net/1887/44409 holds various files of this Leiden University dissertation Author: George, Moses Title: Legal implications of airport privatization in India Issue Date: 2016-11-24 Chapter 3.1.2 Chapter 3 Topic I: Monopoly and Privatization Research Paper 3 Public Monopoly to Private Monopoly - A Case Study of Greenfield Airport Privatization in India – Part II Published in Issues in Air Law and Policy, Volume 9, Spring 2010, No 2 55 Chapter 3.1.2 Public Monopoly to Private Monopoly – A Case Study of Greenfield Airport Privatization in India – Part II by Moses George Introduction The first two privatization ventures in the airport infrastructure sector in India were greenfield airports in Bangalore and Hyderabad. Consequent to the opening of these new airports, the existing airports in these cities (HAL Airport in Bangalore, Begumpet Airport in Hyderabad) were closed in accordance with conditions set forth in the concession agreements between the Government of India (GoI) and the new airport operators. In this context, this article examines various legal and commercial issues related to closing of the old airports in Bangalore and Hyderabad and the monopoly created thereby. This article consists of two parts. Part I, which discussed issues related to the legal and policy framework, the concession agreements, the Airports Authority of India Act 1994,1 and the notification regarding closure of the old airports, appeared in the previous issue of this journal.2 Part II deals with issues related to other aviation laws, the Constitution of India, competition law, the public interest, and other factors.
    [Show full text]
  • Global Vectra AR-2011.P65
    BOARD OF DIRECTORS Lt.Gen.(Retd.) SJS Saighal (Chairman) Mr. Ravinder Kumar Rishi (Non-Executive Director) Mr. P. Raj Kumar Menon (Whole-time Director) Mr. R.S.S.L.N. Bhaskarudu (Independent Director) Dr. Gautam Sen (Independent Director) Maj.Gen.(Retd.) Gurdial Singh Hundal (Independent Director) Dr. Chandrathil Gouri Krishnadas Nair (Independent Director) COMPANY SECRETARY Mr.Raakesh D.Soni AUDITORS B S R & Co. Chartered Accountants BANKERS The Royal Bank of Scotland N.V. Axis Bank Limited Standard Chartered Bank HDFC Bank Limited REGISTERED OFFICE A-54, Kailash Colony, New Delhi – 110 048 Tel. No.:-91-11-2923 5035 Fax No.:-91-11-2923 5033 CORPORATE OFFICE CONTENTS Hanger No. C-He / Hf, Airports Authority of India, Notice 01 Civil Aerodrome, Juhu, Directors’ Report 04 Mumbai – 400 054 Tel. No.:-91-22-6140 9200 Management Discussion 06 Fax No.:-91-22-6140 9253 and Analysis Report REGISTRAR & TRANSFER AGENTS Report on Corporate Governance 09 Report of the Auditors 17 Link Intime India Private Limited C-13, Pannalal Silk Mills Compound, Balance Sheet 20 L.B.S. Marg, Bhandup (W), Mumbai – 400 078 Profit and Loss Account 21 Tel No.:-91-22-2596 3838 Cash Flow Statement 22 Accounting Policies 24 Schedules Forming Parts of the Accounts 27 Balance Sheet Abstract and Company’s 44 General Business Profile 111333th Annual Report 2010-2011 Global Vectra Helicorp Limited NOTICE notwithstanding the fact that such remuneration is in excess of the statutory ceiling specified in this regard The Thirteen ANNUAL GENERAL MEETING of the Global as in force and amended from time to time and Vectra Helicorp Limited will be held on the Friday, 23rd day necessary approval of the Central Government will be of September, 2011 at 1.30 p.
    [Show full text]
  • We Are There Foryou '
    wmv?"-- - -" r . On TimemmEachTime..Any Time.. We are there foryou '. , " . ~ I,, . ,. BOARD OF DIRECTORS Lt.Gen.(Retd.) SJS Saighal (Chairman) Mr. P. Raj Kumar Menon (Whole-time Director) Dr. Gautam Sen (Independent Director) Maj.Gen.(Retd.) Gurdial Singh Hundal (Independent Director) Dr. Chandrathil Gouri Krishnadas Nair (Independent Director) COMPANY SECRETARY Mr.Raakesh D.Soni AUDITORS B S R & Co. Chartered Accountants BANKERS The Royal Bank of Scotland N.V. REGISTERED OFFICE A-54, Kailash Colony, New Delhi – 110 048 Tel. No.:-91-11-2923 5035 Fax No.:-91-11-2923 5033 CORPORATE OFFICE Hanger No.- C-He / Hf, Airports Authority of India, Civil Aerodrome, Juhu, Mumbai – 400 054 Tel. No.:-91-22-6140 9200 Fax No.:-91-22-6140 9253 CONTENTS REGISTRAR & TRANSFER AGENTS Notice 01 Link Intime India Private Limited Directors’ Report 05 C-13, Pannalal Silk Mills Compound, L.B.S. Marg, Bhandup (W), Mumbai – 400 078 Management Discussion 07 Tel No.:-91-22-2596 3838 and Analysis Report Report on Corporate Governance 11 Report of the Auditors 18 Balance Sheet 22 Statement of Profit and Loss 23 Cash Flow Statement 24 Accounting Policies 26 Notes to Financial Statement 30 GLOBAL VECTRA HELICORP LIMITED NOTICE “RESOLVED FURTHER THAT Lt. Gen. (Retd.) SJS Saighal also be entitled for the reimbursement of actual The Fifteenth ANNUAL GENERAL MEETING of the Global entertainment, traveling, boarding and lodging expenses Vectra Helicorp Limited will be held on the Friday, 27th day of incurred by him in connection with the Company’s business September, 2013 at 1.30 p. m. at ISKON Temple, Complex and such other benefits/amenities and other privileges, as Hare Krishna Hill, Sant Nagar Main Road, East of Kailash, any from time to time be available to other Senior Executives New Delhi – 110 065, India, to transact the following business: of the Company.” ORDINARY BUSINESS: “RESOLVED FURTHER THAT the Board be and is hereby 1.
    [Show full text]
  • List of DGCA Approved Maintenance Organizations (Domestic)
    List of DGCA Approved Maintenance Organizations (Domestic) Bangalore Region S. No. Organization Name and Address Standalone AMOs/MROs 1. Hindustan Aeronautics Limited Engine Division, C V Raman Nagar, Bengaluru ‐ 560093 2. Airworks India Engg. Pvt. Ltd. Commercial MRO Hangar, Thally Road, Belgondapalli, Hosur, Tamil Nadu ‐ 635 114 3. Varman Aviation Pvt. Ltd. Aviation Complex 16‐17, Road No. 7, EPIP, White Field, Bengaluru ‐ 560066 4. Tentacles Aerologisticstix Pvt. Ltd. Level 2, Indradhanush, #15, Gubbi Cross, Kothannur, Hennur‐Bagalur Main Road Bangalore‐560 077 5. M/s Helicopter MRO Division. Hindustan Aeronautics Limited, Vimanapura Post Bag No. 1796, Bangalore‐ 560017 6. L‐3 Communications India Pvt Ltd. Block No. 1, Laurel, Bagmane Tech Park C.V. Ramannagar, Byrasundra, Bangalore ‐ 560093 7. Cochin International Aviation Services Limited (CIASL) Cochin International Airport, Kochi Airport P.O., Cochin ‐ 683111 Operators & AMOs/MROs 8. Deccan Charters Pvt Ltd. Jakkur Airport, Bellary Road, Bengaluru, Karnataka ‐ 560064 9. Hindustan Aeronautics Limited Helicopter Division, P.B. No. 1790, Bengaluru, Pin Code ‐ 560017 10. Taneja Aerospace & Aviation Ltd. Belagondapalli, Hosur Tamil Nadu ‐ 635114 11. Ghodawat Enterprises Pvt Ltd (M/s Star Air) 2nd Floor, Block no. 03, Sindhu Logistic Park, No ‐ 34, Nellakunte, Bettahalsuru Hunsemaranhalli (P), Bengaluru ‐ 562 127 12. Air Asia India Ltd. Engineering And Line Office, 1st Floor, Airside Building Bangalore International Airport, Bengaluru – 560 300 13. CSIR National Aerospace Laboratories C‐MMACS Campus, Belur, Bangalore 560037 14. Government Flying and Training School Jakkur, Bangalore ‐ 560064 Page 1 of 8 Chennai Region S. No. Organization Name and Address Standalone AMOs/MROs 15. Vertical Aerospace Abdul Kalam Street, Nagalkeni, Chrompet, Chennai ‐ 600044 16.
    [Show full text]
  • Annual Report Annual Report 201 -209 20
    GLOBAL VECTRA HELICORP LIMITED SAFE, EFFICIENT, RELIABLE ANNUAL REPORT 20192-20 0 1 GLOBAL VECTRA HELICORP LIMITED BOARD OF DIRECTORS Lt. Gen. SJS Saighal (Retd.) (Chairman) Ms. Rati Rishi (Non-Executive Director) Dr. Gautam Sen (Independent Director) Maj. Gen. Gurdial Singh Hundal (Retd.) (Independent Director) Dr. Chandrathil Gouri Krishnadas Nair (Independent Director) COMPANY SECRETARY Mr. Raakesh D. Soni AUDITORS Kalyaniwalla & Mistry LLP Chartered Accountants BANKERS IndusInd Bank Limited Standard Chartered Bank REGISTERED OFFICE A-54, Kailash Colony, New Delhi – 110 048 Tel. No.:-91-11-2923 1901 Fax No.:-91-11-2923 1901 CONTENTS CORPORATE OFFICE Hangar No.- C-He / Hf, Notice 1 Airports Authority of India, Directors’ Report 10 Civil Aerodrome, Juhu, Management Discussion and Analysis Report 15 Mumbai – 400 056 Tel. No.:-91-22-6140 9200 Report on Corporate Governance 33 Fax No.:-91-22-6140 9253 Independent Auditors’ Report 41 REGISTRAR & TRANSFER AGENTS Balance Sheet 50 Link Intime India Private Limited Profit and Loss Account 51 C -101, 247 Park, L.B.S Marg, Vikhroli (West), Cash Flow Statement 53 Mumbai – 400 083 Notes to the Financial Statements 55 Tel No.: - +91 – 022 – 4918 6000 2 GLOBAL VECTRA HELICORP LIMITED NOTICE incurred by him in connection with the Company’s business The Twenty Second ANNUAL GENERAL MEETING of the and such other benefits/amenities and other privileges, Global Vectra Helicorp Limited will be held on the Tuesday, 29th as any from time to time be available to other Senior day of December, 2020 at 1.30 P.M.
    [Show full text]
  • 11Th Annual Report 2008-2009
    11th Annual Report 2008-2009 www.reportjunction.com BOARD OF DIRECTORS Lt. Gen.(Retd.) SJS Saighal (Chairman) Mr. Ravinder Kumar Rishi (Non-Executive Director) Mr. P. Raj Kumar Menon (Whole-time Director) Captain Dhirendra Kumar Chand (Whole-time Director) Mr. R.S.S.L.N. Bhaskarudu (Independent Director) Dr. Gautam Sen (Independent Director) Maj. Gen.(Retd.) Gurdial Singh Hundal (Independent Director) Dr. Chandrathil Gouri Krishnadas Nair (Independent Director) COMPANY SECRETARY Mr. Raakesh D. Soni AUDITORS B S R & Co. Chartered Accountants BANKERS ABN Amro Bank N.V. Axis Bank Limited Standard Chartered Bank HDFC Bank Limited REGISTERED OFFICE A-54, Kailash Colony, New Delhi – 110 048 Tel. No.:-91-11-2923 5035 Fax No.:-91-11-2923 5033 CORPORATE OFFICE Hanger No. C – He / Hf, CONTENTS Airports Authority of India, Civil Aerodrome, Juhu, Directors’ Report 01 Mumbai – 400 054 Tel. No.:-91-22-61409200 Management Discussion 03 Fax No.:-91-22-61409253 and Analysis Report REGISTRAR & TRANSFER AGENTS Report on Corporate Governance 07 Intime Spectrum Registry Limited Report of the Auditors 15 C-13, Pannalal Silk Mills Compound, Balance Sheet 18 L.B.S. Marg, Bhandup (W), Mumbai – 400 078 Tel No.:-91-22-2596 3838 Profit and Loss Account 19 Cash Flow Statement 20 Accounting Policies 22 Schedules Forming Parts of the Accounts 26 Balance Sheet Abstract and Company’s 43 General Business Profile Notice 44 www.reportjunction.com 11th Annual Report 2008-2009 Global Vectra Helicorp Limited DIRECTORS’ REPORT The Directors take pleasure in presenting the Eleventh Annual Report of the Company and audited accounts of the Company for the year ended 31st March, 2009.
    [Show full text]
  • D:\Dtp06 Back Up\Devendra New 0
    8.15" x 10.75” Giving wings to Nation Corporate & VVIP Flights Geophysical Survey Tourism Emergency Services Underslung Operations Aerial Photography 12th Annual Report 2009-2010 www.globalhelicorp.com BOARD OF DIRECTORS Lt.Gen.(Retd.) SJS Saighal (Chairman) Mr. Ravinder Kumar Rishi (Non-Executive Director) Mr. P. Raj Kumar Menon (Whole-time Director) Mr. R.S.S.L.N. Bhaskarudu (Independent Director) Dr. Gautam Sen (Independent Director) Maj.Gen.(Retd.) Gurdial Singh Hundal (Independent Director) Dr. Chandrathil Gouri Krishnadas Nair (Independent Director) COMPANY SECRETARY Mr. Raakesh D. Soni AUDITORS B S R & Co. Chartered Accountants BANKERS The Royal Bank of Scotland N.V. Axis Bank Limited Standard Chartered Bank HDFC Bank Limited REGISTERED OFFICE A-54, Kailash Colony, New Delhi – 110 048 Tel. No.:-91-11-2923 5035 Fax No.:-91-11-2923 5033 CORPORATE OFFICE Hanger No. C-He / Hf, Airports Authority of India, Civil Aerodrome, Juhu, CONTENTS Mumbai – 400 054 Tel. No.:-91-22-6140 9200 Fax No.:-91-22-6140 9253 Notice 01 REGISTRAR & TRANSFER AGENTS Directors’ Report 07 Management Discussion 09 Link Intime India Private Limited C-13, Pannalal Silk Mills Compound, and Analysis Report L.B.S. Marg, Bhandup (W), Mumbai – 400 078 Report on Corporate Governance 11 Tel No.:-91-22-2596 3838 Report of the Auditors 19 Balance Sheet 22 Profit and Loss Account 23 Cash Flow Statement 24 Accounting Policies 26 Schedules Forming Parts of the Accounts 29 Balance Sheet Abstract and Company’s 48 General Business Profile 12th Annual Report 2009-2010 Global Vectra Helicorp Limited NOTICE privileges, as any from time to time be available to other The Twelve ANNUAL GENERAL MEETING of the Global Vectra Senior Executives of the company.” th Helicorp Limited will be held on the Thursday, 16 day of “RESOLVED FURTHER THAT the Board be and is hereby September, 2010 at 2.30 p.
    [Show full text]
  • Country Profile India
    COUNTRY PROFILE INDIA 1 2 18 19 20 21 22 23 DELHI 11 12 KOLKATA 3 4 AHMEDABAD 13 14 15 16 17 MUMBAI 10 HYDERABAD 5 6 7 HAL BANGALORE INT'L | JAKKUR AEROME CHENNAI INT'L 8 9 Airport FBO MRO 1 MJets Indamer 11 Atherton Engineering 21 Indocopters 2 Bird ExecuJet 12 Taj Air 22 Oss Air Mgt. 3 Airworks 13 Airworks 23 Taj Air 4 Indamer Aviation 14 Global Vectra Helicorp 5 Airworks 15 Indamer Aviation 6 Airworks 16 Indamer Aviation 7 Deccan Charters 17 Taj Air 8 Airworks 18 Airworks 9 Taj Air 19 ExecuJet 10 Indamer Aviation 20 Indamer Aviation COUNTRY PROFILE: INDIA ith the third largest fleet of business jets (139) in the Asia FLEET GROWTH Pacific region, India represents a fast-growing market, W consistent with its fast-growing economy. Playing a Business Jets critical role in connectivity within the country, general and business Civil Turbine Helicopters aviation are still facing the challenge of being viewed as a luxury commodity, rather than an economy-boosting industry. 286 283 +2% While educating the government on the benefits of business aviation, 281 0% the Indian business aviation industry continues to contend with 141 insufficient infrastructure; problematic when attempting to develop -1% 140 -1% 139 the industry. As domestic passenger traffic in India continuously increases — with the emergence of low-fare airlines along with the country’s economic growth — the issue of infrastructure has moved to the forefront. 2014 2015 2016 India is home to several airports, regional and international. Among the busiest are Chhatrapati Shivaji International Airport serving Mumbai, Kempegowda International Airport, Bengaluru serving Bangalore, Rajiv Gandhi Hyderabad International Airport serving NUMBER OF HANGARS* Hyderabad, Indira Gandhi International Airport serving Delhi and Chennai International Airport.
    [Show full text]
  • Rotary: an Essential Cog for RCS
    Rotary: An Essential Cog For RCS Presented to: Shri P. Ashok Gajapathi Raju November Hon'ble Minister of Civil Aviation Shri Jayant Sinha 2017 MoS Civil Aviation TITLE Rotary: An Essential Cog for RCS YEAR 2017 AUTHOR AUCTUS ADVISORS COPYRIGHT No part of this publication may be reproduced in any form by photo, photo print, microfilm or any other means without the written permission of AUCTUS ADVISORS Pvt. Ltd. This report is the publication of AUCTUS ADVISORS Private Limited (“AUCTUS ADVISORS”) and so AUCTUS ADVISORS has editorial control over the content, including opinions, advice, statements, services, offers etc. that is represented in this report. However, AUCTUS ADVISORS will not be liable for any loss or damage caused by the reader’s reliance on information obtained through this report. This report may contain third-party contents and third-party resources. AUCTUS ADVISORS takes no responsibility for third part content, advertisements or third-party applications that are printed on or through this report, nor does it take any responsibility for the goods or services provided by its advertisers or for any error, omission, deletion, defect, theft or destruction or unauthorized access to, or alteration of, any user communication. Further, AUCTUS ADVISORS does not assume any responsibility or liability for any loss or damage, including personal injury or death, resulting from use of this report or from any content for communications or materials available on this report. The contents are provided for your reference only. The reader/ buyer understands that except for the information, products and services clearly identified as being supplied by AUCTUS ADVISORS, it does not operate, control or endorse any information, products, or services appearing in the report in any way.
    [Show full text]
  • Annual Report Annual Report 201 -2017 8
    GLOBAL VECTRA HELICORP LIMITED SAFE, EFFICIENT, RELIABLE ANNUAL REPORT 20178-201 1 GLOBAL VECTRA HELICORP LIMITED BOARD OF DIRECTORS Lt.Gen.(Retd.) SJS Saighal (Chairman) Ms. Rati Rishi (Non-Executive Director) Dr. Gautam Sen (Independent Director) Maj.Gen.(Retd.) Gurdial Singh Hundal (Independent Director) Dr. Chandrathil Gouri Krishnadas Nair (Independent Director) COMPANY SECRETARY Mr. Raakesh D. Soni AUDITORS Kalyaniwalla & Mistry LLP Chartered Accountants BANKER IndusInd Bank Limited REGISTERED OFFICE A-54, Kailash Colony, CONTENTS New Delhi – 110 048 Tel. No.:-91-11-2923 5035 Notice 1 Fax No.:-91-11-2923 5033 Directors’ Report 7 Management Discussion and Analysis Report 12 CORPORATE OFFICE Hangar No.- C-He / Hf, Report on Corporate Governance 25 Airports Authority of India, Civil Aerodrome, Juhu, Independent Auditors’ Report 33 Mumbai – 400 056 Balance Sheet 38 Tel. No.:-91-22-6140 9200 Fax No.:-91-22-6140 9253 Profit and Loss Account 39 Cash Flow Statement 41 REGISTRAR & TRANSFER AGENTS Link Intime India Private Limited Notes to the Financial Statements 43 C-101, 247 Park, L.B.S. Marg, Vikhroli (W), Mumbai – 400 083 Tel No.:-91-22-4918 6000 2 GLOBAL VECTRA HELICORP LIMITED NOTICE 5. To consider and if thought fit, to pass, with or without The Twentieth ANNUAL GENERAL MEETING of the modifications, the following resolution as a Special Global Vectra Helicorp Limited will be held on the Friday, Resolution: 28th day of September, 2018 at 11.30 A.M. at ISKON Temple, “RESOLVED THAT pursuant to the provisions of the Complex Hare Krishna Hill, Sant Nagar Main Road, East of Section 196, 197, 203 and any other applicable provisions Kailash, New Delhi – 110 065, India, to transact the following of the Companies Act, 2013 and the rules made thereunder business: (including any statutory modification (s) or re-enactment ORDINARY BUSINESS: thereof for the time being in force ), read with Schedule V to the Companies Act, 2013 and subject to approval of the To receive, consider and adopt the Audited Profit and 1.
    [Show full text]
  • Avalon Pandemic Test Designed to Assess the Impact of COVID-19 on India Inc
    India Inc. and COVID 19 – What will be the Impact? An Analytical Insight 08th April 2020 Submitted to: Executive Summary.....1 We have used 3 dimensions – Cash Resilience, Profitability and Sector Impact to form the Avalon Pandemic Test designed to assess the impact of COVID-19 on India Inc. (sample of ~1500 01 companies) basis trailing twelve-month financials (Q4 FY19-Q3 FY20) ~70% of the companies have <1Q of cash to cover their Fixed expenses. However, many of these companies have low D/E and high Interest Cover and can raise capital. Thus, ~50% of India Inc 02 has the Cash Resilience to weather the impact of COVID-19 ~20% of companies have high profitability defined as EBIDTA > 15% and ROCE > 18% 03 Thus, as we get into the battle with COVID-19, ~43% (~670 companies) of India Inc. is highly stressed in terms of low Cash Resilience and Profitability. Only 16% (~270 companies) are strong on both counts 04 We see COVID-19 have a ravaging impact on revenue across sectors - ranging from <25% dip from some sectors like FMCG, IT/ITES, Pharmaceuticals, Energy & Gas (Low Impact Sectors) to a >50% dip for other 05 sectors like Aviation and Tourism, Auto, Capital Goods, Real Estate etc. (High Impact Sectors) 2 Confidential. © AVALON CONSULTING Executive Summary ......2 Most of the companies in the High and Medium Impact Sectors (~950 companies, ~60% of the 06 sample) are stressed in terms of Cash Resilience and/or Profitability. Only ~100 companies (7% of the sample) with Low sector impact will also have the financial wherewithal to withstand the stress of COVID-19.
    [Show full text]
  • Rotor India Dec 2020
    Pub Focus 4 visages 2018 - 210 x 297 mm A4_Mise en page 1 30/01/18 19:46 Page1 <<EDITORIAL>> Our Deep Gratitude to 2021 Should Augur Well for CORPORATE MEMBERS the Industry Alliance Insurance Brokers (P) Ltd. Dear Reader, Aman Aviation & Aerospace Solutions (P) Ltd. Wishing you and your family Happy New Year 2021. Andhra Pradesh Aviation Corporation This March, the outbreak of COVID-19 sent our aviation Air Works India Engg. (P) Ltd. industry into a tailspin, as airports were shut down and most Airbus Helicopters fleets were grounded. However, the helicopters involved in Arki Aviation (P) Ltd. energy sector continued to provide logistic air support to Exploration and Arrow Aircraft Sales & Charters Pvt. Ltd Production agencies in oil and gas. The Non-Scheduled Operators were among AON Global Insurance Brokers (P) Ltd. the worst hit by the pandemic. AVI-Oil India Ltd. The situation resulted in a serious liquidity problem for the Helicopter Industry with no revenues and salaries to be paid each month. As a result, the Bell Helicopter India Inc. payment of rentals/lease related to office space, Hangar, Porta Cabin imposed a BG Shirke Construction Technology (P) Ltd. tremendous financial burden threatening the very survival of our Commercial Bharat Forge Limited Helicopter Operators. RWSI continued its requests to MOCA & AAI for waiver Bharat Stars Services (Delhi) (P) Ltd. of the Hangar and Office rentals / Porta Cabin charges / Royalties/ Interest for Boeing International Corporation the duration of the lockdown. Regrettably, the Operators did not get any relief. Cairn India Ltd. In respect of op, fiscal and Regulatory issues affecting the Helicopter Operators, Chemplast Sanmar Ltd RWSI held meetings with Smt Usha Padhee IAS Joint Secretary, MOCA on 24 Deccan Charters Ltd.
    [Show full text]