MIRA
INFORM REPORT
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Report Date : |
05.01.2008 |
IDENTIFICATION
DETAILS
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Name : |
TRAVEL MANAGEMENT INSTITUTE PRIVATE LIMITED |
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Registered Office : |
SCO 201-203, First
Floor, Sector 34-A, Chandigarh – 160022, Punjab |
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Country : |
India |
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Date of Incorporation : |
15.05.2007 |
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Com. Reg. No.: |
30812 |
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CIN No.: [Company
Identification No.] |
U80301CH2007PTC030812 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
PTLT12016E |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Provider of Educational Services |
RATING &
COMMENTS
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MIRA’s Rating : |
C |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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Status : |
New Company |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is a new company and yet to establish itself. No further
information could be made available. The company can be considered for any business dealings on fully safe
and secured trade terms and conditions.
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LOCATIONS
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Registered Office : |
SCO 201-203, First
Floor, Sector 34-A, Chandigarh – 160022, Punjab, India |
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Tel. No.: |
91-172-5035716, 5047797 |
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Fax No.: |
91-172-5047796 |
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E-Mail : |
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Website : |
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Area : |
Owned by organisation |
DIRECTORS
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Name : |
Mr. K.K. Kapoor |
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Designation : |
Managing Director |
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Name : |
Mr. Sumanth Kapoor |
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Designation : |
Key Executive Director |
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Name : |
Mr. Palvinder Kapoor |
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Designation : |
Director |
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Name : |
Mr. N. K. Sharma |
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Designation : |
Chairman |
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Name : |
Ms. Tamanna Walia |
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Designation : |
Director |
KEY EXECUTIVES
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Name : |
Ms.
Deepinder Kaur |
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Designation : |
Faculty |
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Qualification : |
IATA/UFTAA Foundation & EBT Course Montreal. |
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Name : |
Ms.
Suman Shukla |
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Designation : |
Faculty |
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Qualification : |
Graduation in economics from Punjab University, Chandigarh |
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Name : |
Ms.
Jyoti Sharma |
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Designation : |
Faculty |
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Qualification : |
MCA, Kurukshetra University, Kurukshetra. |
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Name : |
Mr. Arun
Sharma |
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Designation : |
Marketing Manager cum
Faculty |
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Qualification : |
M.Sc. In Airlines, Tourism & Hospitality Management |
BUSINESS DETAILS
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Line of Business : |
Provider of Educational Services |
GENERAL
INFORMATION
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Customers : |
Students |
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Bankers : |
Vijaya Bank Sector – 34-A, Chandigarh |
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Banking
Relations : |
-- |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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50,000 |
Equity Shares |
Rs. 10/- each |
Rs. 0.500 Million |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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10,000 |
Equity Shares |
Rs. 10/- each |
Rs. 0.100 Million |
FINANCIAL DATA
[all figures are in Rupees Millions]
New Company
LOCAL AGENCY
FURTHER INFORMATION
AS PER WEBSITE
Profile
Travel Craft is a
Private Limited Institute. Partners of Travel Craft are Galileo and Khanna Enterprises Pvt. Ltd. Travel Craft
is an institute which provides training for Travel Management. The aim of
Travel Craft is to provide employment to their students and to contribute in
service sector by giving them excellent employees. Students will always be
their number one Priority. They are their Sole Reason for existence. They will
remain as a student oriented and Market-Driven Institute providing unmatched
standard of education supported by highly qualified staff. They provide total
business in terms of setting up a Travel Agency, Travel Management Company,
Visa Assistance divisions.
Job
Prospective
Over
1,00,000 Travel and Tourism Jobs are available in India
The
Travel Industry would require over 3,00,000 Travel Professionals by the year
2010.
With
the increase in Travel & Tourism, there is bound to be more companies and
agencies that join the industry, thus creating varied roles and openings to
grow with the industry.
Vision
“Travel Craft is an academic fraternity of individuals
dedicated to the motto of excellence and service. They strive to reach out to
the star of perfection through an earnest academic pursuit for excellence and
their efforts blossom into ‘service’ through their creative and empathetic
involvement in the society to transform it. Education prepares one to face the
challenges of life by bringing out the best in him/her. If this is well
accepted, education should be relevant to the needs of the time and address the
problems of the day. Travel Craft envisions a world that totally belongs to the
power of knowledge and intelligence.”
Mission
They aim to :
Be
the Best Travel Management Institute in India.
Provide
quality education to their students.
Deliver
Professionally skilled manpower to the service industry.
Produce
the best skilled manpower in shortest duration of course.
Maintain
the philosophy of CQI - Continuous Quality Improvement.
Tourism
Potential
1. Tourism is
emerging as one of the major sectors for growth of Indian economy, the foreign
exchange earnings is increasing year by year.
2. Tourism also
contributed to the economy indirectly through its linkages with other sectors
like agriculture, poultry, handicrafts and construction.
3. Besides
being an important foreign exchange earner, Tourism industry also provides
employment to millions of people in India both directly and
indirectly
(through its linkage with other sectors of the economy.) It is estimated that
total direct employment in the tourism sector is around 20 million
They select their students meticulously and prefer to keep
each batch small, enabling them to give personal attention to each student.
They gauge the individual demographics, lifestyle, and levels of
responsiveness, communication skills and past experiences, if any. Once in,
they are driven hard because they demand the best out of each. They can proudly
say that once they pass out of Travel Craft they will match the quality
standards laid down by the
Tour
operators
Aviation
industry
Travel
agency business
Other
travel & tourism services
Their candidates will excel in competence, courtesy,
reliability, responsiveness, communication skill, creativity and style. As an
unbeatable combination, these offerings are orchestrated to produce some of the
best candidates in the aviation and tourism industry. So much so that these
aspirants require very little training from the organizations in which they
will be recruited.
They provide total business in terms of Setting up a Travel
Agency, Incorporate house, Travel Management Company, Visa Assistance
divisions.
Objectives
of Travel Craft
The Institute has diversified aims and some of these are of
national importance.
The Institute aims to:
Locate
high growth sectors and set up facilities to meet future requirements of
trained manpower in these sectors.
Provide
training facilities in those areas where special skills are required for
efficient performance of the job.
Provide
an opportunity to learn job skills in an actual work-place environment.
Institute
has regular planned communication programme of educational services offered
Set
up a career Guidance Centre to facilitate career choice through counseling and
training.
Courses
- Travel Craft
has introduced a number of courses linking education with
work/field/practical experience giving students a simulation of the actual
work conditions in employment.
- The objective
of the courses leading to a diploma or certificate and range from three
months to three years and more is to blend knowledge with the requisite
skills.
- An
under-graduate, therefore, can avail himself of these practical courses
instead of studying for a degree course. They also deliver part time
courses for those pursuing fulltime regular courses (such as
BA/B.Com/BSc.) at any university or college. Courses are also provided for
those currently working in the Travel Industry and want to enhance their
professional skills.
AIR
FARE AND TICKETING
(3
months theorectical and practical Training + 1 month on job experience in
Airline/Travel Company)
GALILEO
SOFTWARE TRAINING
(45
days theorectical and practical Training + 15 days on job experience in
Airline/Travel Company)
AIRPORT
HANDLING
(3
months theorectical and practical Training + 1 month on job experience in
Airline/Travel Company)
ENGLISH
COURSES
Basic
Level
Intermediate
Level
Advance
Level
(6
weeks for each level)
They provide Total Business Solutions for
Setting
up a Travel Agency.
Incorporate
house.
Travel
Management Company.
Visa
Assistance divisions
They provide their students the following facilities
Training
Kits Uniforms
Multimedia
Lab Well
equipped Library
Their curriculum is based on the demands of the Tourism
Industry. TravelCraft has the following curriculum:
Travel
Marketing
Basic
Fare and Ticketing
Tour
Operation and Travel Agency Business
Computers
Business
English
Personality
Grooming
Field
Trips and Live Projects
They assure 100% job assistance to their students.
Invite employers to visit the institute for on-campus job interviews.
The
Institute’s widespread network which includes potential employers and training
establishments.
Placement
programs organized in collaboration with travel companies.
Career
guidance and pre-placement facilitation and development.
Regular
job listings
Invite
employers to visit the institute for on-campus job interviews
Their Institute is also going to provide free education to
some of the under-privilege children, who have the caliber but not the money
and proper guidance to achieve their goals. TravelCraft will help them by
giving the knowledge and proper guidance so that they can achieve their goals.
CMT REPORT
(Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
1] INFORMATION ON
DESIGNATED PARTY
No 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.39.28 |
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UK Pound |
1 |
Rs.77.33 |
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Euro |
1 |
Rs.57.80 |
SCORE & RATING
EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
2 |
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PAID-UP CAPITAL |
1~10 |
2 |
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OPERATING SCALE |
1~10 |
- |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
- |
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--PROFITABILIRY |
1~10 |
- |
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--LIQUIDITY |
1~10 |
1 |
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--LEVERAGE |
1~10 |
1 |
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--RESERVES |
1~10 |
- |
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--CREDIT LINES |
1~10 |
- |
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--MARGINS |
-5~5 |
- |
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DEMERIT POINTS |
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--BANK CHARGES |
YES/NO |
NO |
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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 |
NO |
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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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6 |
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. |
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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