ASSINGNMENT NO .1

TOPIC: FINANCIAL ANALYSIS (MUNDRA PORT)

SUBMITTED TO: Mr Sachin Kyashap
SUBMITTED BY: Jasneet Kaur
COURSE: MBA (1ST YR)
ROLL NO: Q3103 (B) 33

About the company
Mundra Port and Special Economic Zone Limited (MPSEZL) is the developer and operator of the Mundra Port, one of the leading commercial private sector ports in India. The port is located in the Kutch District of Gujarat, on the northwest coast of India. The multi-product SEZ at Mundra and the surrounding areas is one of India's largest port-led SEZ. Incorporated as Gujarat Adani Port Limited in 1998, MPSEZL is a part of the Adani Group, one of India's leading business houses. The Company accessed the capital markets in 2007-08 and is listed on the National Stock Exchange of India and the Bombay Stock Exchange.

The port
The por t handles close to 30 million tonnes of cargo, ranging from bulk cargo, container cargo, automobiles and crude oil. It has 8 operational multi-purpose berths located in sufficiently deep water which are designed and equipped to handle dry bulk, break bulk and liquid cargo. We have successfully commissioned a container terminal capable of handling one million Twenty-feet Equivalent Units (TEU) with state-of-the-art handling equipment’s and highly skilled and productive operating manpower. The container terminal has an excellent draft and is capable of accommodating cape size ships. The terminal is configured to handle automobile exports too. Other port based services and infrastructure include storage facilities for bulk, dry and liquid cargo, single point mooring to handle crude oil and services for rail movement of cargo.
The port is connected by rail, road, air and pipeline to the transportation net work of India. Our private operational aerodrome is suitable for landing private jets. In 2006, the Lloyd's List awarded us the title of 'Best Port Authority in the Middle East and Indian Subcontinent, for our leadership, quality of service and commitment to customers in the area of port operation. Mundra Port and SEZ Limited has been selected as a member of the "C-40 World Ports" for its efforts towards improving the climate and for its actions leading to substantial reduction of CO emission. As many as 244 participants from world's most important ports and port cities were invited to Rotterdam to at tend C-40 World Ports Climate Conference, wherein MPSEZL was the lone participant from India. The conference noted MPSEZL’s efforts on green zone development by planting mangroves in the desert zone.

Performance
During 2007-08, MPSEZL recorded revenues of Rs. 8,461 million, a growth of 44.1% over the previous year.
The Company's EBIDTA stood at Rs. 5,620 million against Rs. 3,187 million recorded during the previous year, an increase of 76.3% over the previous year. Profits After Ta x amounted to Rs. 2,134 million against Rs. 1,874 million during the same period. Market capitalization as on 31 March, 2008 stood at Rs. 231 billion The SEZ
With effect from 12 April, 2006, we were approved as a developer of the multiproduct SEZ at Mundra and the surrounding areas. Leveraging the advantage of the port, the SEZ is being developed over an area exceeding 100 sq km as a privately operated multi product, large format, diversified SEZ approved by the Government of India.

Mission
To acquire, develop, assimilate and manage knowledge; to apply this across our businesses for the benefit of stakeholders; to do so profitably.
• Acquire, develop, assimilate and manage knowledge - We shall actively seek to become experts in our chosen domains.
• Apply knowledge across our businesses - We shall apply our domain expertise across businesses, so as to deliver optimum value to our stakeholders.
• Profitably - We shall be guided by the "Profit Motive". Generating respectable, tangible as well as intangible profits will ensure allocation of resources for developing, assimilating and managing expertise.

Vision
To be a globally preferred business associate, an entrepreneurial organisation having responsible concern for employees, society, the ecology, and stakeholder value.
• Entrepreneurial - We shall think innovatively in all aspects of our business, spanning the gamut of technological and commercial practices.
• Preferred Business Associate - We shall strive to generate optimum value for all our associates through constant innovation and adoption of universal best practices.
• Responsible Concern - We shall harmonise all our actions and reactions, with the global environment and actively work to reduce our environmental load.