MIRA
INFORM REPORT
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Report Date : |
29.01.2008 |
IDENTIFICATION
DETAILS
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Name : |
TP MEDIA INDIA DIVISION OF TRAVELPORT HOLIDAYS [INDIA] PRIVATE LIMITED
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Registered Office : |
311, A/B, Shalimar Morya Park, New Link Road, Andheri [West], Mumbai
400053, Maharashtra |
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Country : |
India |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
27.06.2000 |
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Com. Reg. No.: |
127431 |
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CIN No.: [Company
Identification No.] |
U72900MH2000PTC127431 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Service Provider of Travel Services, Hotel Services, Publisher of
Magazines etc. |
RATING &
COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
USD 71000 |
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Status : |
Moderate |
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Payment Behaviour : |
Slow |
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Litigation : |
Clear |
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Comments : |
Subject is a division of Travel Port [Holidays] Private Limited. Company’s profitability is under severe
pressure. It has huge accumulated
losses. Payments are reported as slow
and delayed. The Company can be considered for small to mediocre business dealings
with slight caution, initially. No clean credit can be granted. |
LOCATIONS
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Registered Office : |
311, A/B, Shalimar Morya Park, New Link Road, Andheri [West], Mumbai
400053, Maharashtra, India |
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Tel. No.: |
91-22-26735368 / 26747400 / 26742222 / 26735511 |
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Mobile No.: |
91-9819807816 [Mr. Girish Khare] |
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E-Mail : |
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Website : |
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Branches : |
Mr. Javed Habib., 301, Silver Oaks
H.No.10-12-/ 30,Masab Tank, Hyderabad - 28. Andhra Pradesh, India . Mr. Sandiip Singh, 408 - A, City Tower, Boat Club Road,
Pune - 411 001, Maharashtra, India E-mail : sandip@travelport.in Fair Link Centre, Plot No. B, 64, 9th
floor, Off New Link Road, Near Mongins Cake Factory, Andheri [West], Mumbai
400053, Maharashtra, India Tel. No. : 91-22-26748000 Fax No. : 91-22-26735314 E-mail : contact@travelport.in
Mr. Ashutosh
Chauhan Cross River Mall, Plot 9B and 9C, S-27, 2nd
floor, Central Business District, Karkaduma, Shahdara 110032 Tel No. : 91-11-43062779 E-mail : ashutosh@travelport.in
Mr. Vijay Prestige Meridian II, 2nd floor, No.
304, 29 M. G. Road, Bangalore 560001 Tel No. : 91-80-41124423/4/5 E-mail : vijay@travelport.in
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DIRECTORS
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Name : |
Mr. Girish Khare |
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Designation : |
Director |
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Date of Birth/Age : |
51 Years |
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Qualification : |
Post Graduate |
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Name : |
Mr. Anju Gupta |
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Designation : |
Director |
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Name : |
Mr. Javed Akhtar |
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Designation : |
Director |
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Name : |
Mr. S. Barasia |
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Designation : |
Director |
BUSINESS DETAILS
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Line of Business : |
Service Provider of Travel Services, Hotel Services, Publisher of
Magazines etc. |
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Provide Service to : |
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Countries : |
Ř Egypt Ř Italy Ř Britain Ř Malaysia |
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Trading Terms : |
Services provided on Counter Sales [Monthly Cycle], Corporate Sales
Packages in huge no. 50% up front and rest after 7 days of service provided |
GENERAL
INFORMATION
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No. of Employees : |
125 |
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Bankers : |
Ř Indian Bank Andheri, Juhu and more Branches |
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Banking
Relations : |
--- |
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Auditors : |
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Name : |
Price Water Houe Chartered Accountants |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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5000000 |
Equity Shares |
Rs. 10/- each |
Rs. 50.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
50000 |
Equity Shares |
Rs. 10/-
each |
Rs. 0.500
Million |
FINANCIAL DATA
[all figures are in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2007 |
31.03.2006 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
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0.500 |
0.500 |
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2] Share Application Money |
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22.025 |
0.000 |
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3] Reserves & Surplus |
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13.600 |
14.903 |
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4] (Accumulated Losses) |
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[18.308] |
0.000 |
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NETWORTH |
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17.817 |
15.403 |
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LOAN FUNDS |
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1] Secured Loans |
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1.383 |
0.763 |
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2] Unsecured Loans |
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3.850 |
0.000 |
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TOTAL BORROWING |
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5.233 |
0.763 |
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DEFERRED TAX LIABILITIES |
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0.000 |
0.209 |
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TOTAL |
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23.050 |
16.375 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
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6.627 |
2.082 |
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Capital work-in-progress |
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1.108 |
0.000 |
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INVESTMENT |
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0.000 |
0.000 |
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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 |
2.400 |
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Sundry Debtors |
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25.683 |
14.941 |
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Cash & Bank Balances |
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4.234 |
4.402 |
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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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13.505 |
4.009 |
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Total
Current Assets |
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43.422 |
25.752 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Current Liabilities |
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27.189 |
10.704 |
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Provisions |
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0.918 |
0.755 |
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Total
Current Liabilities |
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28.107 |
11.459 |
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Net Current Assets |
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15.315 |
14.293 |
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MISCELLANEOUS EXPENSES |
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0.000 |
0.000 |
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TOTAL |
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23.050 |
16.375 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
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31.03.2007 |
31.03.2006 |
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Income from Service |
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50.185 |
34.735 |
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Other Income |
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0.130 |
0.072 |
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Total Income |
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50.315 |
34.807 |
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Profit/(Loss) Before Tax |
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[19.245] |
2.810 |
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Provision for Taxation |
|
0.367 |
1.691 |
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Profit/(Loss) After Tax |
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[19.612] |
1.119 |
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Expenditures : |
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Employee Cost |
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16.868 |
6.449 |
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Administrative and other Expenses |
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51.313 |
25.080 |
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Interest |
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0.114 |
0.027 |
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Depreciation & Amortization |
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1.265 |
0.441 |
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Total Expenditure |
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69.560 |
31.997 |
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KEY RATIOS
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PARTICULARS |
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31.03.2007 |
31.03.2006 |
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PAT / Total Income |
(%) |
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[38.97] |
3.21 |
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Net Profit Margin (PBT/Sales) |
(%) |
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[38.34] |
8.08 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
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[38.45] |
10.09 |
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Return on Investment (ROI) (PBT/Networth) |
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[1.08] |
0.18 |
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Debt Equity Ratio (Total Liability/Networth) |
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1.87 |
0.79 |
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Current Ratio (Current Asset/Current Liability) |
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1.54 |
2.24 |
LOCAL AGENCY
FURTHER INFORMATION
TRADE REFERENCES
Ř Nokia
Ř BPL Mobile
Ř LG
Ř Samsung
Ř Kotak
Ř Akai
Ř Airtel
Ř Reliance Infocomm
Ř Lakme
Ř Pyramid
Ř Canon
Ř Logitech
Ř Sansui
Ř Croma
Ř Bedrock
WEBSITE DETAILS:
PUBLICATIONS:
Subject publishes several magazines, covering a variety of
subjects, from holidays, life style, leisure, Children related, Bollywood,
retail in India, gastronomy, etc. Some are monthly others quarterly and bi
monthly. Whatever the subject they have sourced the best writers and
photographers for the subject and editors are not hand held in any manner; this
promises the reader good content that is unbiased and complete in perspective.
Strategic Marketing Services
Strategic Marketing Services offered by TP Mediaindia are
focussed on promoting awareness of products or services related to the
verticals that each periodical address. For instances Jaunt travel &
leisure, offers services to all Tourism boards to promote their part of the
world. Example is what Jaunt has done with Nepal State tourism board, Bali
tourism Board, Italian Tourism board, etc.
Similarly CINEMAX film & Filmdom promotes clients and
their products inside the various multiplexes of CINEMAX across India, in
combination with the magazine. In other words they don't just offer advertising
space in their publications but also a number of schemes and BTL activities
that can bring together a number of related entities to promote products and
services in a unique manner.
Overseas Travelport Associates
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Dhaka
- Bangladesh : |
London
- England : |
Sharq
- Kuwait : |
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Port
Louis - Mauritius : |
Clifton
NJ - New Jersey - USA : |
Muscat
- Oman : |
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Colombo
- Sri Lanka : |
Abu
Dhabi - UAE : |
Dubai
- UAE : |
INDIAN TRAVELPORT ASSOCIATES
NORTH EAST ZONE
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Imphal.
- Manipur. : |
Guwahati
- Assam : |
CENTRAL ZONE
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Bhopal
- Madhya Pradesh : |
Indore
- Madhya Pradesh : |
Raipur
- Chattisgarh : |
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Bilaspur
- Chattisgarh : |
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EAST ZONE
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Kolkata
– West Bengal : |
Port
Blair - Andaman & Nicobar Islands : |
Jamshedpur.
- Jharkhand. : |
WEST ZONE
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Nanded
- Maharashtra : |
Surat
- Gujarat : |
Mehasana
- Gujarat : |
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Surat
– Gujarat : |
Amravati
- Maharashtra : |
Aurangabad
- Maharashtra : |
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Jalgaon
- Maharashtra : |
Mumbai
- Maharashtra : |
Mumbai
- Maharashtra : |
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Mumbai
- Maharashtra : |
Nanded
- Maharashtra : |
Pune
- Maharashtra : |
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Panvel
- Maharashtra : |
Valsad
- Gujarat : |
Vapi
- Gujarat : |
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Surat
- Gujarat : |
Pune
- Maharashtra : |
Gandhidham
(Kutch) - Gujarat : |
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Nadiad
- Gujarat : |
Rajkot
- Gujarat : |
Ahmedabad
- Gujarat : |
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Ulhasnagar
- Maharashtra : |
Nagpur
- Maharashtra : |
Pune
- Maharashtra : |
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Navi
mumbai - Maharashtra : |
Nallasopara
(W), - Maharashtra : |
Mumbai
- Maharashtra : |
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Mumbai
- Maharashtra : |
Baroda
- Gujarat : |
Kolhapur.
- Maharashtra. : |
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Gandhinagar,
- Gujarat : |
Mumbai.
- Maharashtra. : |
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SOUTH ZONE
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Secunderabad
- Andhra Pradesh : |
Bangalore
- Karnataka : |
Bangalore
- Karnataka : |
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Chennai
- Tamilnadu : |
Chidambaram
- Tamilnadu : |
Madurai
- Tamilnadu : |
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Bangalore
- Karnataka : |
Bangalore
- Karnataka : |
Chennai
- Tamilnadu : |
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Bellary
- Karnataka : |
Bengaluru
- Karnataka : |
Gulburga
- Karnataka : |
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Chennai
- Tamil Nadu : |
Hyderabad,
- Andra Pradesh : |
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NORTH ZONE
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Ratlam
- Madhya Pradesh : |
Jodhpur
- Rajasthan : |
Dehradun
- Uttaranchal : |
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Jaipur
- Rajasthan : |
Gurgaon
- Haryana : |
Faridabad
- Haryana : |
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Srinagar
- Jammu & Kashmir : |
Delhi
- Delhi : |
Dwarika
- Delhi : |
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Dehradun
- Uttaranchal : |
Jaipur
(North) - Rajasthan : |
Jalandhar
(North) - Punjab : |
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Bareilly
- Uttar Pradesh : Limited Bareilly |
Lucknow
(North) - Uttar Pradesh : |
Karkaduma,
Shahdara - New Delhi : |
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Chittorgarh,
- Rajasthan. : |
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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
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 39.40 |
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UK Pound |
1 |
Rs. 78.28 |
|
Euro |
1 |
Rs. 58.23 |
SCORE & RATING
EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
4 |
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PAID-UP CAPITAL |
1~10 |
3 |
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OPERATING SCALE |
1~10 |
2 |
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FINANCIAL CONDITION |
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|
--BUSINESS SCALE |
1~10 |
5 |
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--PROFITABILIRY |
1~10 |
- |
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--LIQUIDITY |
1~10 |
4 |
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--LEVERAGE |
1~10 |
4 |
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--RESERVES |
1~10 |
3 |
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--CREDIT LINES |
1~10 |
2 |
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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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27 |
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
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit consideration.
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|