Chennai port is s Situated in the Coromandel Coast in South-East India, the port of Chennai has more than 100 years of tradition. Strategically located and well connected with major parts of the world, it is today the hub port on the Indian subcontinent. Committed to efficiency through innovation the four corner stone’s of the port will see much growth in the years to come. Continuous modernization, efficient services at minimum cost, simple and integrated procedures, and user-friendly approach. Financial position is the status of a person’s or business assets,liabilities,and capital at a point in time.financial position is reported in the form of a balance sheet,which is a formal financial statement prepared under specific accounting rules. The state of and the relationships among the various financial data found on a firm’s balance sheet.The accounts status of a firm’s or individual assets,liabilities,and equity position as reflected on its financial statement. The total assets,liabilities,and/or equity a person or company holds.This term especially applies to investment positions. A financial analysis comparison in which certain financial statements items are divided by one another to reveal their logical interrelationships.
PORT IN INDIA
India has a long coastline, spanning 7516.6 kilometers, forming one of the biggest peninsulas in the world. It is serviced by 13 major ports (12 government and 1 corporate) and 187 notified minor and intermediate ports. The latest addition to major ports is Port Blair on June 2010, the 13th port in the country. Major ports handled over 74% of all cargo traffic in 2007. However, the words "major", "intermediate" and "minor” do not have a strict association with the traffic volumes served by these ports. As an example, Mundari Port, a newly developed minor port in the state of Gujarat registered a cargo traffic of around 28.8 million tons per annum during the financial year of 2008, which is higher than that of many major ports. The classification of Indian ports into major, minor and intermediate has an administrative significance. Indian government has a federal structure, and according to its constitution, maritime transport falls under the "concurrent list", to be administered by both the Central and the State governments. While the Central Shipping Ministry administer the major ports, the minor and intermediate ports are administered by the relevant departments or ministries in the nine coastal states—West Bengal, Orissa, Andhra Pradesh, Tamil Nadu, Kerala, Karnataka, Goa, Maharashtra and Gujarat. Several of these 187 minor and intermediate ports are merely "notified"; little or no cargo handling actually takes place. These ports have been identified by the respective governments to be developed, in a phased manner, a good proportion of them involving public–private partnership. Cargo handling is projected to grow at 7.7% until 2013-14. Some 60% of India’s container traffic is handled by the Mumbai Port and Jawaharlal Nehru Port Trust in Navi Mumbai. Major ports:
There are also 7 shipyards under the control of the central government of India, 2 shipyards controlled by state governments, and 19 privately owned shipyards. The major ports handled 423.4 million tons of cargo for the financial year 2005-2006, with Vishakhapatnam, Kochi, Kolkata Port, Chennai Port and Kandla carrying the greatest tonnage. Major ports can collectively handle 400+ million tons of cargo annually, and port operations have improved since the mid-1990s. All major ports, except one (Ennore Port), are government administered, but private-sector participation in ports has increased.
* West Coast
1. Kandla (Gujarat)
2. Mumbai (Maharashtra)
3. Jawaharlal Nehru (Maharashtra)
4. Mormugoa (Goa)
5. New Mangalore (Karnataka)
Bibliography: BOOKS REFERRED
FINANCIAL MANAGEMENT T.S. REDDY&MURTHY
Administration report of Chennai port trust
www.port of Chennai.co.in.
Please join StudyMode to read the full document