ABOUT KANNUR INTERNATIONAL AIRPORT LIMITED
KANNUR INTERNATIONAL AIRPORT LIMITED is the second Greenfield airport in Kerala which was commissioned on 9 December 2018 on Public-Private Partnership model in an area of about 2,300 acres and became the 4th international airport in Kerala, the only state in the country to have 4 international airports. . It is located 28 km east of Kannur town, and 24 km east of Thalassery town, near the municipality of Mattannur in Thalassery taluk of Kannur district in Kerala. Kannur International Airport serves customers worldwide but primarily caters to the traveling needs of the NRI population, business community, and tourists. The area is well known for its mesmerizing backwaters, ecotourism initiatives, scenic beauty, beaches, and mouth-watering cuisine which attract both domestic and international tourists.
1.05 lakh square feet of International air cargo complex is under construction and 45m wide runway of length 3,050m which will be extended to 4,000m in the near future. Other than passenger facilities, facilities provided by Kannur International Airport are: Medical room, Pre-paid Taxi car service, Money exchange services, Baby care room, Free passenger baggage trolleys, Baggage wrapping services, Parking space for approximately 700 cars, 200 taxis, and 25 buses, ATM machines at Departure-near west side check-in counters, Arrival- near domestic arrival hall exit, Arrival-outside international arrival exit gate.
3rd December 2009
Category/Sub-category of the Company
Company Limited by Shares
Address of the Registered office and contact details
Kannur International Airport, Kara -
Peravoor P.O., Mattannur, Kannur - 670702
Name, Address and Contact Details of
Registrar and Transfer Agent, if any
SKDC Consultants Limited, PB No. 2016,
Kanapathi Towers, 3rd Floor, 1391/A-1, Sathy
Road, Ganapathy Post, Coimbatore - 641006
PRINCIPAL BUSINESS ACTIVITIES OF THE COMPANY
Name and Description of main products/services
NIC Code of the product/service
% to the total turnover of the Company
Supporting services to Air transport, like the operation of airports flying facilities, radio beacons, flying control centers, radar stations, etc.
BOARD OF DIRECTORS
Sri. Pinarayi Vijayan (Chairman)
Sri. E. Chandrasekharan (Director)
Sri. E.P. Jayarajan (Director)
Sri. A.K. Saseendran (Director)
Sri. Ramachandran Kadannappally (Director)
Smt. K. K. Shailaja Teacher (Director)
Sri. V. Thulasidas IAS (Retd.) (Managing Director)
Sri. M.A Yusuffali (Director)
Dr. Shamsheer V. P. (Director)
Sri. Abdul Qadir Theruvath (Director)
Dr. M.P. Hassan Kunhi (Director)
Sri. R Madhavan (Nominee Director)
Sri. D K Kamra (Nominee Director)
Smt. Geeta Venkatesh Iyer (Nominee Director)
Sri. Maniedath Madhavan Nambiar (Independent Director)
Smt. K. Parvathy Ammal (Independent Director)
PARTICULARS OF SUBSIDIARY AND ASSOCIATE COMPANIES
Name of the Company
% of shares held
BPCL-KIAL Fuel Farm Private Limited
KANNUR INTERNATIONAL AIRPORT LIMITED UNLISTED SHARE DETAILS
Total Available Shares:
Rs. 100 Per Equity Share
Last Traded Price:
Rs. 5940.00 Crore
(As on 31-03-2019)
Number of shares
% of total Shares of the company
Government of Kerala (Promoter)
Bharat Petroleum Corporation Limited
Airports Authority of India
The civil aviation industry in India has been one of the fastest-growing industries in the country for the past three years. India has become the third-largest domestic aviation in the world.
India’s passenger traffic was 3,410.5 Lakhs in FY 2020. It grew at a CAGR of 11.3% from FY 2016 to FY 2020. Freight traffic at Indian airports grew at a CAGR of 5.32% from FY2016 to FY2020. from 2.70 million tonnes (MT) to 3.33 Million Tonnes. Freight Traffic is expected to grow at a CAGR of 7.27% to reach 4.14 Million Tonnes in FY 2023. Aircraft movement grew at a CAGR of 9.56% from 1.60 million in FY 2016 to 2.59 million in FY 2020.
However, the beginning of 2020 witnessed an unprecedented global pandemic of Covid-19 and the consequent nationwide lockdown imposed by the Government of India to contain the spread of Covid-19 in India. Covid-19 crisis has severely impacted almost all industries but disruptions in the aviation sector were very intense. The Government of India suspended the aircraft operations of domestic flights international commercial passenger services. This led major airlines to face huge losses. The government had to extend the deadline for submitting bids for ‘Air India’ 5 times during FY 2020.
The government of India started domestic flights on May 25, 2020. But international flight operations are not resumed yet. However, some categories of foreigners are allowed to enter India including the Overseas Citizens of India, foreign nationals intending to visit India for any purpose except those on Tourist Visa, and all existing Visas.
In August 2020, the government approved 78 new routes under UDAN 4.0 to enhance connectivity to remote and regional areas of the country. Under Union Budget 2020-21, the Government introduced the Krishi Udan scheme on both domestic and international routes to help farmers in transporting agricultural products and improve the product value.
The government is privatizing the state-owned airports of India. In the first round of privatization, the Government of India sold 6 airports - Lucknow, Ahmedabad, Jaipur, Mangaluru, Thiruvananthapuram, and Guwahati.
India’s aviation industry is a dark horse. It is an untapped industry but has huge growth opportunities.
PROFIT & LOSS STATEMENT OF KANNUR INTERNATIONAL AIRPORT LIMITED (In Rs. Lakhs)
Revenue from Operations
Share of profit from associates
Profit Before Tax
Profit After Tax (PAT)
BALANCE SHEET OF KANNUR INTERNATIONAL AIRPORT LIMITED (In Rs. Lakhs)
31st March 2019
31st March 2018
NON CURRENT ASSETS
Other financial assets
Other non-current assets
TOTAL NON CURRENT ASSETS
Cash and Cash equivalents
other current assets
TOTAL CURRENT ASSETS
EQUITY AND LIABILITIES
Equity share capital
NON CURRENT LIABILITIES
Other Financial liabilities
TOTAL NON CURRENT LIABILITIES
Other current liabilities
TOTAL CURRENT LIABILITIES
TOTAL EQUITY AND LIABILITIES
Dividend (final + interim) (In Rs.)
Retained Earnings (Consolidated) (In Rs. Lakhs)
PERFORMANCE OF THE COMPANY
The company earned operational revenue of Rs. 1,500.98 lakh in FY 2019.
Kannur International Airport incurred an operational loss of Rs. 2,941.99 lakh in FY 2019.
Net Loss of the company in FY 2019 increased to Rs. 4,665.09 lakh from a loss of Rs. 968.97 lakh in FY 2018.
The Current Ratio of the company as of 31st March 2019 was 0.54.
The debt to equity ratio of the company as of 31st March 2019 was 0.79.
The company has not given any divideds from the past three years.
The book value of the company as of 31st March 2019 was Rs. 96.06.
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