(a) the financial position of Shipping Corporation of India as on date;
(b) whether the Government are contemplating to off load equity of Shipping Corporation of India;
(c) if so, the details thereof alongwith the time by which it is likely to be done; and
(d) the percentage of equity of Shipping Corporation of India to be given to Oil Companies?
MINISTER OF LAW, JUSTICE & COMPANY AFFAIRS AND SHIPPING (SHRI ARUN JAITLEY)
(a) The Shipping Corporation of India is a profit making Public Sector Undertaking. The Authorised Capital of the Company is Rs.450 crores and the paid up capital is Rs.282.30 crores. The Company`s turnover during the year 1999-2000 was Rs.2607.98 crores and as on 31.3.2000, relevant financial parameters are as follows:-
(i) Net worth - Rs. 1885.50 Crores
(ii) Profit after Tax - Rs. 161.61 Crores
(iii) Dividend declared - Rs. 45.20 Crores
(iv) Debt equity Ratio - 0.90 : 1