MIRA
INFORM REPORT
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Report Date : |
25.06.2007 |
IDENTIFICATION DETAILS
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Name : |
AMBA TRADECOM PRIVATE LIMITED |
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Formerly Known As : |
AMBA TRAVELS PRIVATE LIMITED |
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Registered Office : |
SCO 26 -27, 1st Floor, Sector 8 C, Madhya Marg, |
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Country : |
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Financials (as on) : |
31.03.2006 |
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Date of Incorporation : |
25.05.2001 |
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Com. Reg. No.: |
024419 |
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CIN No.: [Company
Identification No.] |
U63040CH2001PTC024419 |
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IEC No.: |
2206005280 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
PTLA12425A |
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PAN No.: [Permanent
Account No.] |
AAECA8468M |
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Legal Form : |
Private Limited liability company |
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Line of Business : |
To carry on the business as travel agents, tourist and cargo carriers. |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 6800 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a well-established and reputed company having satisfactory
track records. Directors are reported
as experience and respectable businessmen.
Trade relations are reported as fair.
Business is active. Payments
are usually correct and as per commitments. The company can be considered normal for business dealings at usual
trade terms and conditions. |
LOCATIONS
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Registered Office : |
SCO 26 -27, 1st Floor, Sector 8 C, Madhya Marg, |
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Tel. No.: |
91-172-2543166 / 2548140 / 2781631 |
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Fax No.: |
91-172-2770208 |
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E-Mail : |
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Branches : |
V P O, Saila Khurd – 144 529, Tehsil Garhshankar, District Hoshiarpur
(PB) |
DIRECTORS
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Name : |
Mr. Roshan Garg |
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Designation : |
Director |
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Address : |
House No. 8, Sector 11, Panchkula, |
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Date of Birth/Age : |
23.11.1962 |
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Date of Appointment : |
14.07.2005 |
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Name : |
Mr. Suresh Sain |
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Designation : |
Director |
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Address : |
House No. 42, Gulmohan Block, Dee Ess Estate, Dhakoli, Zirakur |
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Date of Birth/Age : |
05.07.1960 |
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Date of Appointment : |
14.07.2005 |
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Name : |
Mr. Yudh Vir Dhiman |
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Designation : |
Director |
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Address : |
House No. 324, Sector 25, Panchkula – 134 111 , |
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Date of Birth/Age : |
30.04.1950 |
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Date of Appointment : |
14.07.2005 |
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Name : |
Mrs. Usha Khaitan |
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Designation : |
Director |
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Address : |
House No. 47, Sector 4, |
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Date of Ceasing : |
22.07.2005 |
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Name : |
Mrs. Aparna Khaitan |
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Designation : |
Director |
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Address : |
H No. 47, Sector 4, |
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Date of Ceasing : |
22.07.2005 |
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Name : |
Mr. Rahul Aggarwal |
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Designation : |
Additional Director |
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Address : |
House No, 5805 Duplex, Modern Housing Complex, Manimajra, |
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Date of Birth/Age : |
23.08.1972 |
KEY EXECUTIVES
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Name : |
Ms. S K Sikka and Associates |
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Designation : |
Company Secretary |
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Address : |
382, Sector 32A, |
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Fax No.: |
91-172-2609776 |
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91-9814261166 |
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E-Mail : |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
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Names of Shareholders |
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No. of Shares |
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Mrs. Aparna Khaitan |
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65000 |
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Mrs. Usha Khaitan |
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6000 |
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Mangalam Portfolio Private limited |
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50000 |
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B T Tecchnet Limited |
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50000 |
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Total |
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171000 |
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Category |
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Percentage of
Holding |
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Bodies Corporate |
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58.48 |
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Other top fifty (50) shareholders (other than listed above) |
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41.52 |
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Total |
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100.00 |
BUSINESS DETAILS
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Line of Business : |
To carry on the business as travel agents, tourist and cargo carriers. |
GENERAL INFORMATION
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Bankers : |
HDFC Bank Limited Sector – 8 – C, |
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Facilities : |
Secured loans including interest outstanding and accrued but not due
for payment. Rs. 3.500 millions |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
Mr. Summit Muradia Chartered Accountants |
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Address : |
House No. 62, Sector 2, |
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Tel No.: |
91-172-2740409/ 4614068 |
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E-Mail: |
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Associates/Subsidiaries : |
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Name: |
ABC Paper |
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Address: |
SCO 26 -27, 1st Floor, Sector 8 C, Madhya Marg, |
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Fax No.: |
91-172-2770208 |
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Line of
Business: |
Manufacturer of Paper |
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Website: |
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Year of
Establishment: |
25.05.2001 |
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Group: |
Amrit Vanaspati Company Limited |
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Contact Person: |
v
Mr. Somesh Jawa
Mobile No.: 91-9814044840
E-mail: someshjawa@abcpaper.in
v
Mr. Sanjay Khosh
Mobile No.: 91-9814999958 |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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250000 |
Equity Shares |
Rs. 10.00 each |
Rs. 2.500 millions |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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171000 |
Equity Shares |
Rs. 10.00 each |
Rs. 1.710
millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
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31.03.2006 |
31.03.2005 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
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1.710 |
1.210 |
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2] Share Application Money |
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0.000 |
0.500 |
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3] Reserves & Surplus |
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0.000 |
0.021 |
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4] (Accumulated Losses) |
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(0.195) |
0.000 |
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NETWORTH |
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1.515 |
1.731 |
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LOAN FUNDS |
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1] Secured Loans |
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3.500 |
0.000 |
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2] Unsecured Loans |
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2.100 |
0.000 |
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TOTAL BORROWING |
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5.600 |
0.000 |
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DEFERRED TAX LIABILITIES |
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0.000 |
0.000 |
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TOTAL |
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7.115 |
1.731 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
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0.000 |
0.000 |
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Capital work-in-progress |
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0.000 |
0.000 |
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INVESTMENT |
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6.900 |
0.450 |
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DEFERREX TAX ASSETS |
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0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
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0.000 |
0.000 |
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Sundry Debtors |
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0.000 |
0.000 |
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Cash & Bank Balances |
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0.239 |
1.286 |
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Other Current Assets |
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0.000 |
0.000 |
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Loans & Advances |
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0.012 |
0.003 |
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Total
Current Assets |
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0.251 |
1.289 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Current Liabilities |
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0.000 |
0.000 |
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Provisions |
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0.037 |
0.022 |
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Total
Current Liabilities |
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0.037 |
0.022 |
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Net Current Assets |
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0.215 |
1.268 |
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MISCELLANEOUS EXPENSES |
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0.000 |
0.000 |
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TOTAL |
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7.115 |
1.731 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
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31.03.2006 |
31.03.2005 |
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Sales Turnover |
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0.276 |
N.A. |
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Other Income |
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0.000 |
N.A. |
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Total Income |
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0.276 |
N.A. |
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Profit/(Loss) Before Tax |
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(0.216) |
N.A. |
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Provision for Taxation |
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0.000 |
N.A. |
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Profit/(Loss) After Tax |
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(0.216) |
N.A. |
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Total Expenditure |
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0.492 |
N.A. |
KEY RATIOS
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PARTICULARS |
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31.03.2006 |
31.03.2005 |
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PAT / Total Income |
(%) |
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(78.26) |
N.A. |
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Net Profit Margin (PBT/Sales) |
(%) |
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(78.26) |
N.A. |
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Return on Total Assets (PBT/Total Assets} |
(%) |
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(3.02) |
N.A. |
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Return on Investment (ROI) (PBT/Networth) |
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(0.14) |
N.A. |
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Debt Equity Ratio (Total Liability/Networth) |
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3.30 |
0.01 |
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Current Ratio (Current Asset/Current Liability) |
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6.78 |
58.59 |
LOCAL AGENCY FURTHER INFORMATION
Nil
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No records exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is or
was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No available
information exist that suggest that subject or any of its principals have been
formally charged or convicted by a competent governmental authority for any
financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms and
conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs. 40.71 |
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1 |
Rs. 81.24 |
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Euro |
1 |
Rs. 54.63 |
SCORE & RATING EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
5 |
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PAID-UP CAPITAL |
1~10 |
5 |
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OPERATING SCALE |
1~10 |
5 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
6 |
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--PROFITABILIRY |
1~10 |
4 |
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--LIQUIDITY |
1~10 |
5 |
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--LEVERAGE |
1~10 |
5 |
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--RESERVES |
1~10 |
5 |
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--CREDIT LINES |
1~10 |
5 |
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--MARGINS |
-5~5 |
-- |
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DEMERIT POINTS |
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--BANK CHARGES |
YES/NO |
YES |
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--LITIGATION |
YES/NO |
NO |
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--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
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MERIT POINTS |
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--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
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--EXPORT ACTIVITIES |
YES/NO |
NO |
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--AFFILIATION |
YES/NO |
YES |
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--LISTED |
YES/NO |
NO |
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--OTHER MERIT FACTORS |
YES/NO |
YES |
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TOTAL |
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45 |
This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this
report. The assessed factors and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit transaction.
It has above average (strong) capability for payment of interest and
principal sums |
Large |
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56-70 |
A |
Financial & operational base are regarded healthy. General unfavourable
factors will not cause fatal effect. Satisfactory capability for payment of
interest and principal sums |
Fairly Large |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average/normal. |
Small |
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11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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