Subsidiaries

Subsidiaries-(Summit-Alliance-Port-East-Gateway-(I)-Pvt.-Ltd)

Summit Alliance Port Limited (SAPL) has four subsidiaries under it:

Summit Alliance Port East Gateway (I) Pvt. Ltd.: The Company’s newly established Kolkata Terminal (SAPL- KT) consists of Garden Reach Jetty 1 & 2 along with BISN Jetty. It is situated on the bank of River Hooghly and is located just beside Kolkata Port Trust Container Terminal comprising of total area of 10 acres and river front of 400m in length. The facility has Warehouse area (Transit Shed) of 1,187 sqm, Hard Stand Area for cargo storage of 4,048 sqm and open area for cargo storage of 13,890 sqm. KT was handed over to the Company’s Indian subsidiary by Inland Waterways Authority of India (IWAI under Ministry of Shipping) on 30th Oct 2018 & commercial operation started from 31st Oct 2018 under a 30 year concession.

Cemcor Limited: A private limited company incorporated under the Company’s Act 1994. SAPL holds all but 4 shares of the company’s 1,758,300 ordinary shares of Tk.10/- each. Cemcor, in turn, owns 100% shares of Wahid Spinning Mills Limited (WSML) which was purchased from its promoters on 19th September 1999. WSML was incorporated as private limited company on 6th September 1999 under the Companies' Act 1994. Neither Cemcor nor its subsidiary WSML is operative.

Container Transportation Services Limited: A private limited company established on 25th November 2013 under Companies Act 1994 and with main objective to transport containerized export/import cargo to and from Chittagong Port and other Depots. Company has, in its fleet, 30 unit Prime Movers with similar number of trailers and commenced operation from July 2014.

Summit Alliance Port Pte. Limited: SAPL’s Singaporean subsidiary with the main aim of maintaining close liaison with the Regional and Head offices of the international Shipping Lines and Freight Forwarding companies that are located in Singapore as well as assisting with sourcing of high-quality Port and warehouse equipment that are required by the Company’s facilities at Chattogram, Muktarpur and Kolkata.